legalweek
Taylor Wessing is set to offer legal process outsourcing (LPO) services to other law firms with plans to spin off its document review business now underway.
The firm is currently appointing an adviser to look at a demerger of its New Street Solutions document review business to become [...]
Taylor Wessing to offer LPO to law firms with low-cost business spin-off
Herbert Smith confirms Australia merger discussions to firm’s staff
legalweek
Herbert Smith has officially confirmed to staff that it is in merger talks with Australia’s Freehills, issuing a note to all staff earlier this morning (3 February). The note from senior partner Jonathan Scott informs staff that an interesting opportunity has arisen in Australia, with the firm [...]
Quartet of firms lead on proposed sale of Swedish packaging company
legalweek
Allen & Overy (A&O), Clifford Chance (CC) Freshfields Bruckhaus Deringer and Eversheds are advising on DS Smith’s proposed €1.6bn (£1.3bn) acquisition of a packaging division of Sweden’s Svenska Cellulosa (SCA).
A&O City corporate partners Don McGown and Richard Browne are leading the firm’s team advising UK packaging company [...]
Trainee retention rates at top UK law firms see continued recovery
legalweek
Trainee retention rates at UK law firms are continuing to recover after increasing for the second consecutive year, according to a new survey of 123 commercial law firms.
The research, conducted by the Chambers Student Guide, shows that 80.5% of 2,253 newly-qualified (NQ) lawyers at the firms surveyed [...]
Advisers to Howrey bankruptcy collect fees 10 months after firm’s dissolution
legalweek
The professional services firms working on Howrey’s bankruptcy proceedings have collected their fees nearly 10 months after the defunct antitrust specialist voted to dissolve (9 March), writes The Am Law Daily. US bankruptcy court judge Dennis Montali approved the firms’ professional fee applications last week (14 December), [...]
Soc Gen names new panel with dozen firms winning places
legalweek
Societe Generale has concluded a review of its global panel, with firms including Allen & Overy and Herbert Smith appointed.
The roster, which will take effect in the New Year (1 January), also sees UK firms Clifford Chance, Hogan Lovells, Norton Rose and Simmons & Simmons winning places. [...]
A&O, Bingham and CC among firms on €1.3bn Quinn restructuring
legalweek
Allen & Overy (A&O), Bingham McCutchen and Clifford Chance (CC) are among a raft of firms to have advised on the €1.3bn (£1.1bn) restructuring of business conglomerate Quinn group.
A&O advised Quinn led by London restructuring managing partner Earl Griffith and banking partner David Campbell, alongside tax partner [...]
City elite give a little ground on fees but some firms still hiking charge-out rates
legalweek
Charge-out rates at the City’s top firms have remained broadly static throughout 2011, with leading firms coming under pressure to reduce rates.
New research carried out by costs lawyer Jim Diamond shows magic circle firms have reduced partner charge-out rates marginally, with average rates falling by 8% at [...]
US firms win spots as Hewlett Packard draws up global panel
legalweek
Hewlett Packard (HP) has put together a new global legal panel, with US law firms featuring heavily among those selected to advise the company over the next three years.
Baker & McKenzie, Gibson Dunn & Crutcher, Cleary Gottlieb Steen & Hamilton and Cravath Swaine & Moore are among [...]