Month: February 2014

Posted on

UK elite firms defy the transactional gloom of 2013

New Year surge in high-value deals after subdued year

While deal activity was down again in 2013, last year’s growth in confidence in the corporate sector, together with fundraising activity among a number of large private equity houses, has seen some of the UK’s elite firms advise on high-value deals announced in January, including Amec’s $3.2bn acquisition of Swiss rival Foster Wheeler.

The Linklaters team advising Amec was led by corporate finance partner Shane Griffin, alongside fellow corporate partner Aedamar Comiskey. Scott Sonnenblick and Tom Shropshire are advising on US law aspects of the deal from New York and London respectively, while John Tucker and Simon Pritchard are leading on finance and antitrust issues.

Continue reading “UK elite firms defy the transactional gloom of 2013”

Posted on

Big data and AI will come to the fore as law firms expect tech to drive their businesses

Year-long study by legal technology body identifies future challenges

Artificial intelligence (AI) and big data analytics will play a game-changing role within the legal sector as law firms emerge from a decade where they began to understand the power of technology, and to recognise they now have to put it at the heart of their business.

These are key findings of the Legal Technology Future Horizons study, a report into how global advances in technology could impact the legal industry over the next decade. Commissioned by the International Legal Technology Association (ILTA), the report is based on research conducted between January and November 2013 and was released last month.

Continue reading “Big data and AI will come to the fore as law firms expect tech to drive their businesses”

Posted on

RFU rejigs legal team as deputy head joins sports firm

Bujalski promoted to head of legal as Handford joins Couchmans

The Rugby Football Union (RFU) has reconfigured its in-house legal team, promoting in-house lawyer Angus Bujalski (pictured) to head of legal following the recent departure of Polly Handford to become a partner at sports law firm Couchmans.

Former Slaughter and May lawyer Bujalski will report directly to the organisation’s legal and governance director, Karena Vleck. While Vleck has oversight of legal as well as other sports-related areas such as player discipline, Bujalski will have specific responsibility for the legal function. Continue reading “RFU rejigs legal team as deputy head joins sports firm”

Posted on

Revolving doors – Weil, Latham, Freshfields and Dentons among the firms opening 2014 with senior recruits

Increasing confidence in the transactional market has contributed to a rash of senior partner moves at the start of 2014, with the UK’s leading firms bolstering both their London and international practices.

In the City, upwardly mobile US practices continued to boost their capability with Weil, Gotshal & Manges hiring Hogan Lovells banking and finance partner Chris McLaughlin, who has extensive experience of cross-border private equity buyouts and European real estate acquisitions and restructuring. His hire came a week after Latham & Watkins hired Weil Gotshal funds partner Nick Benson, its fifth City hire within the past 12 months.

Continue reading “Revolving doors – Weil, Latham, Freshfields and Dentons among the firms opening 2014 with senior recruits”

Posted on

DISSENT: Where do you want your firm to be in 2020?

Adam Smith, Esq’s Bruce MacEwen argues that short-termism and a lack of stewardship has come to define the modern law firm

To judge from the way law firms behave – it’s helpfully instructive to ignore what they say – the answer to the rhetorical question of the above headline is: ‘Who gives a fig?’

Consider the following facts and ask yourself what philosophy of management underlies and ties all law firms together:

Continue reading “DISSENT: Where do you want your firm to be in 2020?”

Posted on

Life During Law – David Childs

It’s been an amazing career. I’ve been with Clifford Chance (CC) for 40 years. People had just stopped wearing bowler hats when I started, I was relieved to notice. What I remember was being in Royex House at Coward Chance. No air conditioning – we used to bake in the summer. People used to go out for lunches and have a bottle of wine a head and work in the afternoons.

I remember watching then senior partners walking in at ten in the morning. They’d go for a long lunch with clients and go home at three. I thought one day that might be my life. Of course, it never has been my life. The City has changed completely.

Continue reading “Life During Law – David Childs”

Posted on

High Street gloom as SRA publishes full list of uninsured firms forced to close

The Solicitors Regulation Authority (SRA) last month confirmed the names of the 136 firms which have been forced to close since 29 December, having not secured professional indemnity insurance (PII).

The list of firms, which the SRA said it published in the interests of protecting consumers and third parties, includes Alastair J Brett, the London-based firm set up by the former legal director of The Times newspaper, who was recently suspended over the Nightjack case.

Continue reading “High Street gloom as SRA publishes full list of uninsured firms forced to close”