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Former Ince & Co partner struck off over £3m expense fraud charges
Former Ince & Co partner Andrew Iyer has been struck off by the Solicitors Disciplinary Tribunal (SDT) for fraud charges involving £3m of client money. The SDT judgment was based on four charges - that Iyer had failed to act with integrity, had co...
07 Feb 2012 | 12:33
BLP accounts show firm cleared £18.6m loan during 2010-11
Berwin Leighton Paisner (BLP) has repaid a £18.6m debt used largely to refurbish its City premises and launch its Moscow operations, according to the firm's limited liability partnership (LLP) account. The 2010-11 accounts reveal that BLP moved fr...
07 Feb 2012 | 11:34
Four-partner Cobbetts capital markets team exits firm to join Gowlings in London
A four-partner equity capital markets team has left Cobbetts to join the London office of Canadian law firm Gowlings. The City team, which comprises partners Andrew Wright, Charles Bond, Sefton Collett and Dominic Prentis as well as directors Susan...
07 Feb 2012 | 00:34 | 1 comment
Clifford Chance appointed as judges fight planned pension changes
Clifford Chance (CC) has been instructed to advise a group of judges fighting upcoming changes to their judicial pensions proposed as part of the Pensions Bill 2011. The magic circle firm has been asked to obtain quotes for legal advice for the action...
07 Feb 2012 | 00:30
Freshfields values 2011 pro bono efforts at £8.8m in annual report
Freshfields Bruckhaus Deringer has seen the amount of time devoted to pro bono and volunteering work by partners and employees fall by 11% over the last year, according to its 2010-11 corporate responsibility (CR) report. The firm dedicated 49,743 hou...
07 Feb 2012 | 00:01
Skadden boosts Germany with double partner hire from Shearman
Skadden Arps Slate Meagher & Flom is set to launch a dedicated capital markets practice in Germany, with the hire of two partners from US rival Shearman & Sterling. The New York firm has hired Shearman’s European capital markets head Stephan Hutter ...
06 Feb 2012 | 15:16
BBC, ITN and Sky News lobby David Cameron to lift ban on court TV
The BBC, ITN and Sky News have called on Prime Minister David Cameron to push through new legislation allowing courtroom proceedings to be televised. In a joint letter sent today (6 February) the three broadcasters urge the Prime Minister to make "...
06 Feb 2012 | 14:23
Pinsents and McGrigors confirm merger under Pinsent Masons brand
Pinsent Masons and McGrigors are set to merge on 1 May, with the combined firm to operate under the Pinsents banner. Partners at both firms approved the union in a vote which closed on Friday (3 February), paving the way for the creation of a firm...
06 Feb 2012 | 11:12
Weil Gotshal posts 4% revenue rise for 2011 as partner profits grow 8%
Weil Gotshal & Manges has posted a 4% rise in firmwide revenues alongside an 8% increase in partner profits, reports The Am Law Daily. The US firm, which saw both revenues and profits slip in 2010, enjoyed moderate growth in 2011, with revenues ris...
06 Feb 2012 | 10:47
CPA names new outsourcing head after departure former Rio Tinto lawyer Cooper
CPA Global has appointed a new head of legal service outsourcing (LSO) following the departure of former LSO chief Leah Cooper. Cooper left the company in November last year for family reasons according to CPA, with the outsourcer’s chief financial ...
06 Feb 2012 | 10:32
Private equity house takes majority Parabis stake in law firm LBO first
Private equity house Duke Street has acquired a majority stake in the Parabis Group, the parent company of insurance litigation law firms Plexus Law and Cogent Law. The deal, which values Parabis between £150m and £200m, is subject to approval fr...
06 Feb 2012 | 09:40 | 1 comment
The Transfer Window: recent moves including Norton Rose, Orrick, Salans and Gide
Former Slaughter and May partner Lucy Wylde has been appointed as general counsel of the Government's Efficiency and Reform Group (ERG). Wylde left Slaughters in April last year to take up a position as GC of the Asset Protection Agency, which was ...
06 Feb 2012 | 00:00
Ashurst makes debut for new client opposite Linklaters on $800m TPG buyout
Linklaters and Ashurst have taken lead roles on TPG Capital's $800m (£508m) acquisition of hedge fund services company GlobeOp. Linklaters won the lead role for the buyout house, fielding a team led by corporate partner Charlie Jacobs and private ...
06 Feb 2012 | 00:00
McDermott and Cadwalader see revenues rebound as both post 4% rise for 2011
McDermott Will & Emery and Cadwalader Wickersham & Taft have become the latest US firms to post rising revenues after recent leans years, reports the Am Law Daily. The Chicago-based McDermott, which has seen revenues drop by a combined total of $10...
06 Feb 2012 | 00:00
DLA LLP filings show turnover increase and £1.7m pay for top earner
DLA Piper’s International limited liability partnership (LLP), which covers all operations outside North and South America, reported revenues of £619.9m during the financial year ending 30 April 2011.
03 Feb 2012 | 15:31
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