JPM Caz still dominating adviser arena August 31, 2009 JP MORGAN Cazenove comfortably retained its broking and financial advisory dominance over the third quarter of the year, according to the latest statistics from financial data group Hemscott. JP Morgan Cazenove gained eight broking clients, increasing its total tally to 236, of which 40 were FTSE 100 firms. Numis Securities and Brewin Dolphin rank second [...]
Norton Rose is ready to expand in Asia on the back of its latest deal November 29, 2009 There is light at the end of the economic night – of that Peter Martyr is fairly certain. But the CEO of NortonRose, the City law firm, wants to make sure we are not facing a false dawn before he gets too excited. As he puts it: “The financial crisis has moved so quickly that [...]
CITY MOVES WHO’S SWITCHING JOBS September 1, 2009 Martin CurrieThe investment management firm has appointed Alastair Barrie as global head of hedge fund sales and Clayton Cheek, pictured, as US head of hedge fund sales. Barrie joins from RBS, where he was a director of institutional business. He has also worked as director of global hedge fund sales at Henderson. Clayton, who will [...]
Lawyers lobby G20 over emissions September 22, 2009 EARLIER this month UK lawyers issued a “communiqué” calling on the G20 to implement more effective regulation ahead of the Pittsburgh summit which begins tomorrow, and the UN climate-change convention in Copenhagen in December which is expected to produce a successor to the Kyoto agreement. So, why should world leaders listen to a bunch of [...]
Allen & Overy rakes in 1bn despite crisis July 9, 2009 LEGAL giant Allen & Overy (A&O) has today revealed it raked in revenues of £1bn over the last financial year, 7 per cent higher than last year, although its profits per partner fell amid a “challenging” business environment. The firm, which in February revealed a 450-job cut to align itself with the shrinking size of [...]
Clifford Chance loses top spot, but global reach means it will still flourish July 7, 2009 IT WAS never going to be a great result, but even so the news that partner profits at Clifford Chance were down a whopping 37 per cent in the year ending in April compared to the previous one revealed the once globe-conquering law firm to be uniquely exposed in the financial crisis. A reordering of [...]
Fallout from recession to put lawyers in the dock September 29, 2009 APART form Bernie Madoff, prosecutions in the wake of the financial crisis have been few and far between. Bankers, it seems, are in the clear over their behaviour during the boom. Lawyers, however, might be in the firing line. Last week two lawyers charged with insider trading by the Financial Services Authority (FSA) were committed [...]
Titan Clifford Chance loses its lead spot July 1, 2009 CLIFFORD Chance was yesterday knocked off the top spot as the world’s biggest law firm after revealing a 37 per cent plunge in full year profits. Average partner earnings at the London-based firm slumped from £1.16m in 2007-08 to £733,000 over the 12 months to 30 April as its key banking and corporate clients struggled [...]
Titan Clifford Chance loses its lead spot July 1, 2009 CLIFFORD Chance was yesterday knocked off the top spot as the world’s biggest law firm after revealing a 37 per cent plunge in full year profits. Average partner earnings at the London-based firm slumped from £1.16m in 2007-08 to £733,000 over the 12 months to 30 April as its key banking and corporate clients struggled [...]
CITY MOVES WHO’S SWITCHING JOBS August 4, 2009 Ernst & YoungErnst & Young is expanding its London and Bermuda business with the promotion of three staff. The insurance practice has admitted Richard Battersby and Jeff Soar as partners and promoted Andy Worth to director. Battersby will become the transactions advisory partner, Soar (pictured) will be providing tax services to Lloyd’s and London market [...]