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Legal Business
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Legal news, blogs, commentary and analysis from Legal Business
Legal news, blogs, commentary and analysis from Legal Business

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Deal watch: Weil and Slaughters lead on Bain’s £1.2bn esure bid as CC and RPC land House of Fraser roles - Weil Gotshal & Manges and Slaughter and May have scooped key mandates on Bain Capital’s proposed £1.2bn takeover of UK insurer esure as RPC and Clifford Chance (CC) wade into the House of Fraser saga. Weil is advising Bain on the proposed take-private, which will see the private equity player acquire, via its Blue (BC) Bidco Limited subsidiary, all shares in the motor and home insurer ...
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‘The time is right’: Ince senior partner Heuvels steps down amid job losses - Ince & Co’s senior partner Jan Heuvels has stepped down just weeks after a wave of cuts in the firm’s London office saw 32 job losses. Veteran partner Peter Rogan, who was Ince’s senior partner between 2000 and 2008, has been named interim chairman of the firm’s board. Rogan will oversee the permanent appointment of Heuvels’ successor, in addition to the day-to-day running of the firm. Heuvels, who will continue w...
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Revolving Doors: City laterals slow as Hogan Lovells lose corporate partner to Dechert, while CC and Herbert Smith make moves abroad - In a lull for City recruitment, Dechert made the only significant London hire last week, with Kennedys recruiting in the regions and Clifford Chance (CC) hiring in New York. Dechert brought in Hogan Lovells M&A and private equity partner Robert Darwin, with the Philadelphia-based firm looking to strengthen its corporate life sciences group. The London-based ...
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‘Cracking place to do business’: Burness Paull leverages international growth in 7% revenue uptick - It has been a choppy year for the Scottish economy but local independent Burness Paull has used a 30% increase in international mandates to drive its ninth consecutive year of revenue growth. The firm’s revenue for the year to 31 July 2018 rose 7% to £57.6m, while profit lifted 8% to £23.8m. Chairman Peter Lawson (pictured), who took on the role at the start of August alongside new managing ...
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In-house: RBS to tackle peaks and troughs with flexible legal providers - The need for a more ‘nimble and agile’ environment is driving the Royal Bank of Scotland’s (RBS) foray into the flexible lawyers market, reducing a dependence on the need for secondees from external firms. RBS general counsel (GC) Michael Shaw (pictured) confirmed the bank has gone out to a number of flexible resourcing providers with an eye to setting up its first-ever panel in the area later this year. Shaw told Leg...
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Revenue plunges 20% at Stewarts as contingent fee swings end stellar run - Disputes specialist Stewarts has experienced a reality check after a consistent period of striking financial growth, with revenue tumbling by more than 20% for the 2017/18 financial year. Turnover has dropped from £77.9m to £62.4m, while profit per equity partner (PEP) fell by an even wider 28% margin to £1.4m. Despite the stark decreases, managing partner John Cahill (pictured) described it as ‘a solid set of financ...
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Comment: Law firm IPOs still don’t make much sense (but soon could) - ‘Who would possibly invest in a law firm?’ asks one leader this month, reflecting a common view. Yet the current vogue for floating law firms suggests momentum is indeed building, more than a decade after the introduction of the Legal Services Act. In recent weeks, DWF has turned heads with talk of a £1bn float this year. While the price – not officially attributed to the firm – looks fanciful, even a standard £400m-£600m...
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Into the mainstream: another big New Law exit sees EY acquire Riverview Law - Mere months after New Law pioneer Lawyers On Demand (LOD) secured private equity backers to position itself as a global player, fellow alternative legal services business darling, Riverview Law, has been acquired by big four accountancy firm EY. The financial details of the deal, announced today [7 August], were not disclosed, but Riverview’s turnover is believed to have risen to more than £10m since it launched i...
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In-house: big names move shop as BT’s Fitz goes into medical research and tech giants see exits - Three of the global in-house community’s leading lights have announced moves in recent weeks, with former BT general counsel (GC) Dan Fitz’s moving to The Francis Crick Institute and resignations at both Google and Facebook. Fitz, who in December last year announced he would be stepping down after seven years, will take up his new role as GC and company secretary at the biomedical research cent...
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White & Case doubles up in the City in continued disputes drive - White & Case is continuing its aggressive City expansion with two disputes hires, the firm’s eighth and ninth laterals this year. Contentious construction and engineering partner David Robertson is joining White & Case’s arbitration team from Bryan Cave Leighton Paisner (BCLP), while Cadwalader, Wickersham & Taft litigation partner Steven Baker joins the firm’s commercial litigation practice. Robertson joined legacy Berwin Le...
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