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  • January 31, 2013 |

    K&L Gates set to unveil 8% London turnover hike as City rise continues

    K&L Gates saw London turnover increase by 8% in 2012 after a busy year for the US firm, with City growth coming against static revenues across the firm as a whole. Provisional figures for the firm's London office show revenues rose to £35.6m during the year, up from 2011's total of £33m, despite a slight fall in partner headcount to 60. The results mean the law firm has increased City revenues by almost 20% over the past two years, after seeing a 10% hike in the UK last year.

    1 minute read

  • January 27, 2013 |

    The Transfer Window: recent moves including Addleshaws, Links and DLA

    Addleshaw Goddard has turned to Linklaters for the hire of a new private equity partner in London. The firm is taking on Ben Rodham, who is a managing associate at the magic circle firm, where he has worked with clients including Bridgepoint, Carlyle, Hg Capital, Montagu and Terra Firma. He has also spent time Linklaters' Dubai and Hong Kong offices.

    1 minute read

  • January 24, 2013 |

    Skadden and Sullivan win key roles on €1bn IPO of real estate group LEG

    Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell have landed roles on German real estate group LEG's initial public offering (IPO), expected to raise up to €1bn (£838m). The listing on the Frankfurt Stock Exchange is due to take place in early February, and is expected to value the Duesseldorf-based housing company at more than €2bn (£1.7bn), according to market analysts.

    1 minute read

  • January 24, 2013 |

    US law firms to grow Hong Kong litigation teams as solicitors get advocacy rights

    Given the US cultural affinity for resolving matters inside a court room, it was perhaps only a matter of time. But finally, America's leading law firms appear to be taking litigation work in Asia seriously. Latham & Watkins, Skadden Arps Slate Meagher & Flom and O'Melveny & Myers are among several US outfits with plans to strengthen their local disputes teams, while Davis Polk & Wardwell recently entered the litigation arena with the hire of two well-regarded litigators from Clifford Chance (CC). Firms that are considering starting up local disputes practices include Kirkland & Ellis and Milbank Tweed Hadley & McCloy, both of which have strong litigation franchises globally.

    1 minute read

  • January 17, 2013 |

    Libor's long tail – lawyers jostle as bank scandals spread through the market

    The new year may be a time to start afresh, but the Libor scandal that dominated business headlines in the second half of 2012 is – for advisers – showing no signs of abating. At Clifford Chance (CC), the news that its client Royal Bank of Scotland (RBS) is in the final stages of a settlement with US and UK regulators over its alleged Libor role means the firm's regulatory lawyers will have had a busy start to 2013.

    1 minute read

  • January 14, 2013 |

    Barclays panel firms get extra year as bank moves to three-year cycle

    Barclays has pushed back this summer's expected legal panel review by a year, extending the terms of its review cycle from two to three years. The bank has made the decision based on a number of factors, including satisfaction with the current panel, the administrative upheaval involved in regular reviews and the fact that most big banks operate a three-year review schedule.

    1 minute read

  • January 10, 2013 |

    Happy new year - law firm leaders predict a turbulent 2013 but opportunity abounds

    After a difficult 2012, the heads of the UK's leading law firms predict a slow road to recovery for 2013

    1 minute read

  • January 9, 2013 |

    Quinn Emanuel's fast-growing City base sees revenues rise once more

    Quinn Emanuel Urquhart & Sullivan's London arm saw cash revenues rise to £27.5m last year, a 20% jump on the fast-growing firm's 2011 figures. Richard East, the co-managing partner of the ten-partner City base, estimated that 67% (£18.4m) of 2012 revenue was profit, an increase of 16% on the previous year's figure of £15.9m.

    1 minute read

  • January 8, 2013 |

    Shearman and Norton Rose act on $1bn ArcelorMittal Canada-Asia deal

    Shearman & Sterling and Norton Rose have taken the top roles for ArcelorMittal on its $1.1bn (£685m) sale of a stake in its Canadian iron ore operations to a pan-Asian consortium. The deal has seen ArcelorMittal subsidiary ArcerlorMittal Mines Canada (ACCM) form a joint venture with a group led by Korean steel company POSCO and Taiwanese China Steel Corporation (CSC), entitling them to a 15% interest in the Canadian business.

    1 minute read

  • January 2, 2013 |

    Sidley makes up two London lawyers in 26-strong partnership round

    Sidley Austin has become the latest US law firm to announce its annual partner promotions, with 26 lawyers across nine offices made up including two in the City. The promotions, which came into effect yesterday (1 January), include lawyers in the US firm's corporate, litigation and regulatory practices.

    1 minute read