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  • January 16, 2013 |

    Bakers ups chargeable hours target for London associates

    Baker & McKenzie has increased its annual chargeable hours target for London lawyers from 1,600 to 1,700, following an overhaul of the firm's associate career structure and pay system. The increase, which equates to around half an hour of extra billable work per day, is not being accompanied by a salary uplift. The news was first reported on RollOnFriday yesterday (16 January).

    1 minute read

  • January 14, 2013 |

    Bakers leads UPS-TNT deal challenge as €5.2bn takeover collapses

    Baker & McKenzie has successfully challenged the proposed €5.2bn (£4.3bn) takeover of delivery giant TNT Express by United Parcel Service (UPS), which has collapsed after the European Commission moved to block the deal. FedEx challenged the merger on competitive grounds after UPS's bid was announced in early 2012, with the European Commission subsequently opening an investigation into the proposed deal in July.

    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 8, 2013 |

    Bakers adds partner to Tokyo IP team with Hogan Lovells hire

    Baker & McKenzie has added a partner to its Japanese intellectual property (IP) practice with the hire of Kensaku Takase from Hogan Lovells. Takase, an of counsel at Hogan Lovells, joins Bakers in Tokyo, where he will concentrate on cross-border IP work, in addition to IT and e-commerce matters.

    1 minute read

  • January 7, 2013 |

    DLA Piper opens for business in Seoul after Korea licence approval

    DLA Piper has opened for business in Korea today (8 January) after receiving approval to launch in the country last month. The firm is launching a base in the capital of Seoul after getting the go-ahead from the country's Ministry of Justice in December last year.

    1 minute read

  • January 2, 2013 |

    A&O and Debevoise head up $1.7bn ING Malaysia insurance sale

    Allen & Overy (A&O) and Debevoise & Plimpton have advised on the sale of ING's Malaysian insurance operations to AIA Group. The deal, which completed last month after being announced in October, has seen AIA purchase the Dutch financial services company's life insurance and employee benefits businesses in Malaysia, as well as taking a 60% stake in ING's takaful Islamic insurance business, for a reported value of around $1.7bn (£1bn).

    1 minute read

  • December 13, 2012 |

    London Office of the Year: Edwards Wildman Palmer

    A series of strategic mergers helped Edwards Wildman Palmer stand out in a field in which Baker & McKenzie, Quinn Emanuel Urquhart & Sullivan and NCTM also caught the judges' attention. Following the combination of Edwards Angell Palmer & Dodge with Kendall Freeman in 2008, in 2011 the firm went on to merge with Chicago firm Wildman Harrold Allen & Dixon.

    1 minute read

  • December 13, 2012 |

    New Hong Kong laws push firms to review paternity pay policies

    Law firms in Hong Kong are facing an overhaul of their paternity leave policies following a move to force all private companies in the region to provide employees with at least three days' paid leave. The government proposals, endorsed by the Hong Kong Labour Advisory Board last month, will see men paid at least 80% of their salaries for the paternity leave period.

    1 minute read

  • December 13, 2012 |

    Eyes on China as leadership change sees West gauge impact on the world economy

    From a business perspective, the results of the US election last month broadly maintained things as they were. But the once in a decade political changes that occurred in China at the same time are likely to have a far greater impact. Xi Jinping, the charismatic son of a relatively political liberal father, gained control of both the Communist Party and the Chinese military and is set to be appointed as President next March.

    1 minute read

  • December 13, 2012 |

    Hogan Lovells eyes move into Mexico amid Latin America boom

    Hogan Lovells is eyeing up a move into Mexico, as interest from global law firms in the Latin American markets continues to grow. The transatlantic firm confirmed it is considering opening in the country, with all options up for debate including an acquisition, an alliance and a joint venture.

    1 minute read