Ropes & Gray and McDermott Will & Emery are the most recent US firms to announce their partner promotions, with Ropes making up four in the City out of 20 worldwide, while McDermott is promoting three in London out of a total of 33.
‘We will continue to review and innovate in this area’: Baker & McKenzie overhauls pay structure in Europe and Asia
The world’s largest law firm, Baker & McKenzie, is set to overhaul its longstanding remuneration system in Europe and Asia, with a large percentage of pay set to be decided by the success of each region.
‘Taking its time to reflect on the next phase’: Kennedys CEO steps down without a successor in place
Kennedys chief executive officer Guy Stobart has announced he will stand down at the end of 2014 after five years of leading the firm.
‘How not to conduct investment banking’: Addleshaws defeats Mayer Brown in UBS Commercial Court derivatives battle
Banking giant UBS has been defeated in the Commercial Court today (4 November) over a $340m dispute it mounted against German water utility company Kommunale Wasserwerke Leipzig (KWL) relating to the sale of complex derivatives products by the bank, after a five-year long battle that saw Addleshaw Goddard and German firm Noerr defeat Mayer Brown.
Revolving Doors: OC, Paul Hastings and Reed Smith bulk out their City offerings as HSF loses legacy Freehills partner in Singapore
Last week, Osborne Clarke, Reed Smith and Paul Hastings all expanded their City practices, while Clayton Utz hired Herbert Smith Freehills’ (HSF) Singapore real estate head.
‘One man one vote’: HSF set to vote for new senior partner as Jonathan Scott decides to step down early
Jonathan Scott, who began a five-year term as senior partner at Herbert Smith Freehills in May 2010, will step down early, sparking a four-man race for one of the most powerful roles at the firm.
ABS latest: Kennedys wins licence to maintain non-lawyer partners
Insurance specialist Kennedys has received approval from the Solicitors Regulation Authority (SRA) to become an alternative business structure (ABS). The new status will allow the firm to retain four non-lawyers as partners. The new status took effect on 1 November.
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