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  • June 6, 2013 |

    Norton Rose Fulbright sets sights on key Africa markets and US west coast

    Norton Rose Fulbright is eyeing expansion into new markets in Africa and the west coast of the US, as the newly merged firm's transatlantic tie-up gets off the ground. The $2bn (£1.3bn) firm, which went live at the start of this week through the combination of Norton Rose and Texas firm Fulbright & Jaworski, is already considering further geographies into which it could expand. In Africa – where the firm currently has bases in South Africa, Morocco and Tanzania – Nigeria, Egypt, Mozambique and Angola have all been identified as potential destinations for office launches, while a move into northern California is also under discussion.

    1 minute read

  • June 6, 2013 |

    Sharia-compliant insurance underwriting has potential for growth in Western market

    In May, Cobalt Insurance Holdings launched the world's first sharia-compliant managing general agent, Cobalt Underwriting Services. The London-based entity will, among other things, underwrite a variety of global risks on behalf of major insurance companies interested in offering sharia-compliant insurance and reinsurance through the London market. Sharia-compliant (or Islamic) insurance – widely known as takaful – has existed in one form or another for more than 1,000 years. However, it is only in the past four decades that it has experienced real momentum. The catalyst for the growth of the industry was the ruling in 1985 by the Islamic Fiqh Academy in Saudi Arabia that conventional insurance policies were haram (forbidden) according to sharia law, but that an alternative policy conforming to the principles of Islamic dealings founded on the basis of charity and co-operation was permissible.

    1 minute read

  • June 2, 2013 | International Edition

    Norton Rose Fulbright sets out top team as $2bn mega-merger goes live

    Norton Rose Fulbright has confirmed its full management line-up, as the transatlantic merger between the two firms goes live, creating a global top 10 giant with combined revenues of around $2bn (£1.3bn). The union between legacy UK firm Norton Rose and Texas firm Fulbright & Jaworski, announced in November last year, has formed a firm with close to 3,800 lawyers, more than 750 of which are in the US.

    1 minute read

  • June 2, 2013 |

    Norton Rose Fulbright sets out top team as $2bn mega-merger goes live

    Norton Rose Fulbright has confirmed its full management line-up, as the transatlantic merger between the two firms goes live, creating a global top 10 giant with combined revenues of around $2bn (£1.3bn). The union between legacy UK firm Norton Rose and Texas firm Fulbright & Jaworski, announced in November last year, has formed a firm with close to 3,800 lawyers, more than 750 of which are in the US.

    1 minute read

  • May 28, 2013 |

    Norton Rose Fulbright names heads of corporate, finance and litigation

    Norton Rose has appointed the global heads of its three core practice groups ahead of its merger with Texan firm Fulbright & Jaworski next month. London-based European corporate head Martin Scott will now oversee the firm's global corporate, M&A and securities group, taking over from Hong Kong-based David Stannard.

    1 minute read

  • May 8, 2013 |

    Fulbright London partners dodge Norton Rose UK remuneration system

    A group of partners from Fulbright & Jaworski's London arm have secured a secondment to Norton Rose's City arm for two years, walling them off from the remuneration system at Norton Rose's UK LLP. The arrangement enables the partners to work alongside Norton Rose's London team and remain members of Texan firm Fulbright's LLP at the same time, after the merger goes live on 3 June. It is not clear how many of Fulbright's nine London partners will be covered by the agreement.

    1 minute read

  • April 25, 2013 | International Edition

    Lessons of the new world – why brutal markets mean there is no room for error

    As law firm collapses go, Cobbetts has neither the partner infighting of Halliwells nor the sheer scale and alleged top-level mismanagement of Dewey & LeBoeuf to generate popular appeal. What Cobbetts does provide, though – far more so than the more extreme examples above – is a salient lesson to all law firms about how quickly and easily things can go wrong in today's ever-uncertain economic climate.

    1 minute read

  • April 25, 2013 |

    Mills & Reeve adds six to partnership after George Davies merger greenlight

    Mills & Reeve has made up six lawyers to the firm's partnership in its 2013 promotions round, following the confirmation of its merger with Manchester firm George Davies. The promotions will come into effect on 1 June, the date the tie-up between the two firms is due to go live after partners gave the deal the green light.

    1 minute read

  • April 24, 2013 |

    Norton Rose makes up 33 to partner ahead of Fulbright tie-up

    Norton Rose has confirmed its 2013 partner promotions ahead of its transatlantic tie-up with Fulbright & Jaworski, with 33 lawyers made up across the firm's global network. Europe and Canada have received the lion's share of the promotions, with 10 and eight respectively, while the round also includes six director promotions in South Africa - the local equivalent to partner.

    1 minute read

  • April 18, 2013 |

    Norton Rose boosts trainee retention to 89% of May qualifiers

    Norton Rose has posted a sharp increase in its trainee retention rate by keeping on 89% of its May 2013 intake of qualifiers. The top 10 firm offered newly qualified (NQ) solicitor roles to 18 of its 19-strong trainee intake, with 17 acceptances.

    1 minute read