Income down at Freshfields July 7, 2010 MAGIC circle law firm Freshfields Bruckhaus Deringer has posted a double digit drop in revenue, marking the largest income fall reported by the elite UK legal group this year. Turnover for the year fell by 11 per cent to £1.14bn on the back of depressed transactional markets and a drop off in M&A activity. Freshfields [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 15, 2010 FINANCIAL TIMES PATERNOSTER IS PUT UP FOR SALE Paternoster, the specialist pensions business set up by former Prudential executive Mark Wood, has been put up for sale, with its original backers facing the potential loss of more than half their £500m equity investment. The majority of its backers are seeking an exit from a company [...]
Law firms up headcount outside UK April 26, 2010 LINKLATERS has become the latest commercial law firm to announce partner promotions, as the City’s top law firms boost foreign office numbers. The UK’s largest law firm by revenue promoted 14 associates to the partnership rank, with the number of promotions marking a decrease on the previous year when 18 made the grade. “These promotions [...]
Legal sector confident as associate salary ban lifted May 23, 2010 A NUMBER of major UK law firms have signalled a return in confidence by unfreezing associate pay. Recently merged, Hogan Lovells is the latest large firm to lift a ban on pay rises, after handing out a small salary increase to associates. Lawyers at Hogan Lovells who have just qualified will now earn £60,000, marking [...]
CITY MOVES | WHO’S SWITCHING JOBS June 27, 2010 Simmons & Simmons The law firm has hired Jonathan Marsh as a partner in its non-contentious financial services regulatory practice. Marsh joins the firm from Berwin Leighton Paisner, where he was a partner specialising in financial services from 2006. He has also worked at Hunton & Williams, Hammonds, Sempra Metals and Linklaters in the last [...]
CITY MOVES | WHO’S SWITCHING JOBS June 27, 2010 Simmons & Simmons The law firm has hired Jonathan Marsh as a partner in its non-contentious financial services regulatory practice. Marsh joins the firm from Berwin Leighton Paisner, where he was a partner specialising in financial services from 2006. He has also worked at Hunton & Williams, Hammonds, Sempra Metals and Linklaters in the last [...]
Jones Day is top M&A adviser April 8, 2010 Jones Day, Linklaters, DLA Piper, Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have been named as the top five law firms to advise on the most M&A deals during the first quarter of the year, according to Mergermarket data. Jones Day advised on 50 deals during the period, while Linklaters and DLA each advised [...]
Treasury favourite Sir Adrian Montague takes chair at private equity player 3i May 10, 2010 SIR Adrian Montague, the City veteran known as the Treasury’s top fixer, was announced as the new chairman of listed private equity juggernaut 3i yesterday. Montague joins the board in June, replacing Baroness Hogg who leaves after eight years in the role. Hogg said her successor had a “very impressive record in the financial services [...]