Hogan Lovells and Shearman & Sterling in ‘merger’ rumours that would create world’s fifth largest law firm January 4, 2023 Law giants Hogan Lovells and Shearman & Sterling have hinted a potential merger could be on the table, after stating they are open to opportunities including “discussions with different firms”. The two law firms both acknowledged market rumours they are engaged in early stage talks for a merger that could see them create the fifth [...]
Mishcon de Reya bolsters legal tech offering with Taylor Vinters merger January 3, 2023 Mishcon de Reya has completed its merger with Taylor Vinters, after first striking a deal with the tech and innovation specialist in September 2021. The ‘Silver Circle’ London law firm’s merger with Taylor Vinters will see more than 200 of the law firm’s staff join Mishcon de Reya’s 1,200 strong team – including 145 lawyers [...]
Middle East investment in Manchester United or Liverpool: Sports law predictions for 2023 December 29, 2022 As has become traditional at this time of year, City A.M. has called on the wisdom of Mishcon de Reya’s Simon Leaf and Tom Murray to dust off the crystal ball, don their best Mystic Meg outfits and offer their sports law predictions for next year. So here is our take on 2023 – and [...]
Who’s winning the City’s talent war? The firms that paid the most in 2022 December 24, 2022 Where to find the best paid job? As strikes over pay have brought the country to a halt, it is notable that workers in one sector in particular have seen their pay packets bulge in 2022. Aside from criminal barristers, who carried out a month’s long strike this summer, those working in private sector legal [...]
Crypto exclusive: Nexo users do not have ‘unfettered’ right to withdraw holdings, exchange says December 19, 2022 Crypto exchange Nexo has said its customers do not have the “unfettered” right to withdraw their cryptocurrencies from its platform, as it seeks to defend itself from a High Court lawsuit. Instead, Nexo said its customers only have the right to “request” withdrawals, as the exchange said it retains the right to reject any customer [...]
Solicitors’ watchdog shuts down four Metamorph owned firms December 14, 2022 The UK’s legal watchdog has forcibly closed four law firms owned by national conglomerate Metamorph following reports of directors resigning and staff being left unpaid. The Solicitors Regulation Authority (SRA) also seized cash and documents from the law firm, which was set up by British entrepreneur Simon Goldhill in 2016 with the aim of [...]
Russian oligarch seeks to block fraud lawsuit over sanctions December 14, 2022 A high-profile Russian oligarch is seeking to block an $850m (£685m) fraud lawsuit over claims the Russian banks suing him could use proceeds from the case to “fund the war in Ukraine”. Lawyers acting on behalf of Russian banker Boris Mints called for the High Court lawsuit to be put on hold in arguing any [...]
Milbank boosts position in London market via deal with boutique firm December 14, 2022 New York law giant Milbank has poached almost 30 lawyers from boutique law firm Dickson Minto after snapping up its highly coveted City-based private equity division. The deal will see seven partners and 20 associates from Dickson Minto’s City offices join Milbank’s 140 lawyer-strong London team. Scottish corporate law firm Dickson Minto currently has its [...]
White-shoe law firm ups new City lawyers’ pay to £160,000 a year December 14, 2022 Cleary Gottlieb has become the latest US law firm to boost salaries in the UK’s legal market after upping pay for newly-qualified (NQs) lawyers in its London office to £160,000 a year. The white-shoe law firm has given its City NQs a 14 per cent pay rise, in offering to boost their salaries by £20,000 [...]
London gold market sued over ethical labelling for Tanzanian mine December 13, 2022 THE WORLD’S biggest bullion market is facing a High Court lawsuit over claims it wrongly certified gold from a Tanzanian mine as being responsibly sourced despite being at the centre of multiple allegations of human rights abuse. The London Bullion Market Association (LMBA) is being sued for an undisclosed sum by the families of two men [...]