June 2018 – Page 5 – Legal Business

6 June 2018

‘Very selective’: DLA goes to Freshfields for rare City corporate hire in wake of London losses

It has been something of a one-way street out of DLA Piper’s London office recently but the global giant believes it has filled a gap in its corporate practice with the hire of Freshfields Bruckhaus Deringer veteran Martin Nelson-Jones.

Nelson-Jones had been partner at Freshfields since 2001 and was previously the firm’s co-head of global infrastructure and transport. He specialises in M&A, particularly in the energy and infrastructure sectors. He first joined Freshfields in 1991. Continue reading “‘Very selective’: DLA goes to Freshfields for rare City corporate hire in wake of London losses”

5 June 2018

Ince & Co to shed more than 30 business services and fee earner jobs in structural shift

Shipping specialist Ince & Co is to cut more than 30 fee earner and business services jobs in a redundancy round touted as ensuring the ‘ongoing success’ of the firm.

The firm launched a month-long consultation process today (June 5) after which between 32 and 36 associates and business services staff will lose their jobs. Business services staff are expected to be most-affected. Continue reading “Ince & Co to shed more than 30 business services and fee earner jobs in structural shift”

5 June 2018

‘A sufficient war chest’: Knights turn to IPO for acquisition agenda

One of the earliest adopters of the Alternative Business Structure (ABS) model is turning to the public capital markets to raise tens of millions to pay off debt and fund a war chest big enough to land three acquisitions by 2020.

Stafforshire-based Knights said on Monday (4 June) it was listing on the Alternative Investment Market (AIM), becoming the fifth law firm to do so. The float is expected to give the business a valuation of more than £100m, which would make it the largest legal initial public offering (IPO) to date. Continue reading “‘A sufficient war chest’: Knights turn to IPO for acquisition agenda”

5 June 2018

Milbank bids up associate pay as surprise moves takes City associates to new $190k benchmark

Despite much talk of client pressure on fees the determination to recruit top associates continues to build with one leading New York firm this week jolting the industry by announcing a record pay scale for its US and City associates.

Milbank, Tweed, Hadley & McCloy on Monday (4 June) announced that its associates will earn between $190,000 and $330,000 from 1 July. Continue reading “Milbank bids up associate pay as surprise moves takes City associates to new $190k benchmark”

4 June 2018

Revolving Doors: DWF and Fladgate bolster City recruitment as Ashurst goes large internationally

City recruitment was strong last week as DWF and Fladgate followed headline laterals at White & Case and Ashurst with London plays. International recruitment, meanwhile, continued a strong run of form.

DWF added to its City insurance practice with the hire of Iftikhar Ali from Simmons & Simmons, where he led the construction all risks practice. Ali will work on construction, power and engineering claims, and has represented clients including Chubb, Aviva, and Zurich. Continue reading “Revolving Doors: DWF and Fladgate bolster City recruitment as Ashurst goes large internationally”

4 June 2018

Tidswell goes unchallenged in securing second term as Ashurst chair

Ben Tidswell has been handed another term as chair of Ashurst following an election which last week culminated in his leadership going unchallenged.

The City firm launched an election process at the start of May, giving opponents until the end of that month to put themselves forward for the role. But it is understood no other partners stood in the election. Continue reading “Tidswell goes unchallenged in securing second term as Ashurst chair”

1 June 2018

White & Case makes another City litigation play with Addleshaw Goddard hire

Expansive US firm White & Case is continuing to walk the talk on its going ‘toe to toe with the Magic Circle’ mantra after making another City hire in its litigation practice.

The experienced Chris Brennan is joining White & Case from Addleshaw Goddard, where he headed the firm’s Financial Conduct Authority (FCA) investigations and enforcement team and was a partner since 2012. Before that he was head of regulatory at Lloyds Banking Group, general counsel for a global inter-dealer broker and a senior lawyer in the FCA’s enforcement arm. Continue reading “White & Case makes another City litigation play with Addleshaw Goddard hire”