Ninety-six per cent of UK’s top law firms fear Brexit profit hit December 16, 2019 Ninety-six per cent of the UK’s top 100 law firms say that Brexit could hit their profitability in the coming year, a survey published today showed. The Thomson Reuters poll of finance directors at top 100 law firms showed that 42 per cent were worried that reduced inward investment in the UK could hit law [...]
City Moves for 30 November – who’s switching jobs at DWF, Legal & General and Relendex? November 30, 2018 DWF DWF has appointed regulatory specialist Richard Burger as a partner in its regulatory, compliance and investigations team in London. Richard joins from corporate and insurance firm Reynolds Porter Chamberlain (RPC). Richard has 20 years’ experience in UK and international regulatory enforcement, criminal and internal corporate investigations. A former regulatory enforcement lawyer with the FSA [...]
London Stock Exchange boss appointed as new FCA chief June 22, 2020 Chancellor Rishi Sunak has today appointed Nikhil Rathi, the current chief executive of the London Stock Exchange, as the permanent boss of the Financial Conduct Authority. Rathi will replace Christopher Woolard, who was serving as the FCA’s interim chief executive following former boss Andrew Bailey’s move to become governor of the Bank of England. The [...]
Budget 2020: Retail and leisure sector reacts to ‘disappointing’ business rates reform March 11, 2020 Business rates have been the key issue for retailers in the run up to today’s budget, made even more crucial by the outbreak of coronavirus. Chancellor Rishi Sunak announced measures to support more small leisure, hospitality and retail businesses with a rateable value of less than £51,000. Business rates for those firms will be scrapped [...]
Shares in law firm Rosenblatt rise at it buys M&A boutique September 16, 2019 Shares in listed London law firm Rosenblatt rose today after it announced the acquisition of Manchester corporate finance boutique Convex Capital. Convex is a sell-side M&A corporate finance boutique which focuses on helping smaller companies in sales to large corporates. Read more: Rosenblatt launches litigation fund post-stock market float Rosenblatt said the deal was in [...]
London law firm Mishcon de Reya to explore IPO option July 20, 2019 London law firm Mishcon de Reya has begun preparations for a flotation or stake sale valuing the firm at several hundred million pounds, according to Sky News. Mishcon is looking to hire bankers in the coming months to explore its options, although any formal decisions about raising capital are yet to be made. Read more: [...]
Law firms lead Stonewall’s top LGBT-inclusive employers January 30, 2020 City law firms are some of this year’s most inclusive employers for the LGBT community, with 15 topping Stonewall’s employers of the year. Legal organisations were the second most inclusive sector, with fifteen firms on the list. Last year’s winners Pinsent Masons topped the private sector employers at fourth place. Mayer Brown and the Solicitors Regulation [...]
Fiat Chrysler and PSA agree $50bn mega-merger December 18, 2019 Fiat Chrysler and Peugeot maker PSA have today agreed a $50bn mega-merger to create the world’s fourth largest car manufacturer. The combined PSA-FCA business, which is yet to be branded, will chase annual $4bn cost savings through shares purchasing agreements and by combining technologies. Read more: Fiat Chrysler and PSA’s huge merger could reshape the [...]
DWF latest law firm to catch flotation bug with £1bn IPO June 15, 2018 International law firm DWF is the latest law firm to signal its intention to float on the London Stock Exchange with a sale that could raise up to £1bn. The Times first reported that the firm was mulling an Initial Public Offering (IPO). It was later confirmed by the firm in a statement on its [...]
DWF latest law firm to catch flotation bug with £1bn IPO June 15, 2018 International law firm DWF is the latest law firm to signal its intention to float on the London Stock Exchange with a sale that could raise up to £1bn. The Times first reported that the firm was mulling an Initial Public Offering (IPO). It was later confirmed by the firm in a statement on its [...]