Law News
Law news found and posted by the lawyrs community.
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Apr 30 2012
Herbert Smith has announced plans to lay off 51 people London, and has commenced a 30 day consultation to carry out the cuts. The biggest cuts will take place in the...
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Apr 27 2012
Vinson & Elkins has scored a high profile recruit in energy and projects specialist James Watson. Watson joins Vinson & Elkins as a partner at the firm’s Tokyo...
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Apr 26 2012
More foreign firms will be granted entry into the Singapore legal services market with a second round of licences to be granted in 2012. The first round of approvals...
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Mar 23 2012
Herbert Smith, Hogan Lovells, Simmons & Simmons and Addleshaw Goddard are among large number of law firms that are launching new initiatives aiming to retain and...
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Mar 20 2012
UK firm Herbert Smith has received stern admonishment from a top judge for a ‘lackadaical’ approach to its disclosure obligations.
The judge’s comments, which...
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Mar 02 2012
A new report estimates the value of leading UK law firms to be somewhere between $711 million to $4.1 billion, with Magic Circle firm Allen & Overy leading among the...
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Feb 01 2012
Herbert Smith is still in merger negotiations with Australian firm Freehills, with reports emerging that a tie-up between the firms could happen as early as 1 July...
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Jan 28 2012
U.S. firm Fried Frank Harris Shriver & Jacobson has boosted its Hong Kong corporate practice with the hire of partner Carolyn Sng of Herbert Smith.
Sng’s practice...
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Jan 26 2012
Bank borrowings at Herbert Smith grew from £59.5m to £70.9m in 2010-11, bringing total debt back up to near 2008-09 levels, the firm’s LLP accounts have revealed....
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Jan 23 2012
Herbert Smith has entered into merger talks with Australian firm Freehills, with a number of different options on the table including a full merger, a Swiss...
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Jan 21 2012
Herbert Smith has hired 18 lawyers in its Belfast office, bringing the number of employees at the office to 56.
The office was launched in April 2011 with the aim...
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Jan 20 2012
Simmons & Simmons has taken out top honours for a fourth year running in the ratings for the most gay-friendsly law firm. The rating, conducted by charity organisation...
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Jan 18 2012
A long running dispute between DLA Piper and Dechert over Dechert’s hire of former DLA litigation co-head Neil Gerrard has been settled after going through arbitration...
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Jan 02 2012
Herbert Smith and its former European alliance partners Gleiss Lutz and Stibbe saw their share of the M&A market plummet in 2011, according to recently published...
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Dec 29 2011
The alliance between Herbert Smith, German firm Gleiss Lutz and Benelux firm Stibbe will officially dissolve on 31 December 2011.
Following a strategic review,...
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Dec 12 2011
Herbert Smith is set to de-equitize around 15 partners – ten per cent of its total equity partnership – in order to reach profits on the same scale as the so-called...
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Dec 06 2011
Herbert Smith has boosted its Asia finance capacity with the hire of Philip Lee, a former international capital markets consultant in Allen & Overy's Singapore office....
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Dec 04 2011
Herbert Smith has boosted its energy and infrastructure practice in Paris with the hire of partner Christophe Lefort, who was previously the general counsel at French...
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Dec 02 2011
Allen & Overy has once again taken the shears to its partnership ranks, asking around 12 of its partners to leave the firm. And while the move is not on the same scale...
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Nov 26 2011
Merger negotiations between Herbert Smith and its alliance partners have fallen through, thwarting the UK-based firm’s plans for the next step in a ten-year alliance....
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Nov 24 2011
Herbert Smith has appointed litigation specialist Gavin Lewis as the new head of their Asia dispute resolution practice. Lewis takes over from Mark Johnson, who has...
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Oct 10 2011
Indian firm J. Sagar Associates has hired Promod Nair as a Partner in the Bangalore office.
Nair previously working as a Senior Associate with Herbert Smith’s...
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Sep 14 2011
Twenty-three UK and Irish law firms have signed up to a new diversity initiative aimed at improving social diversity within the legal profession. The programme will...
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Sep 08 2011
The corporate department at Herbert Smith may face layoffs after its budget target by £20m last year. Some reports suggest the firm is preparing to axe 15 to 20...
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Sep 01 2011
Herbert Smith has appointed dispute resolution chief Mark Johnson to lead the firm’s operations in Asia when incumbent Ashley Alder leaves the firm next month....
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Aug 24 2011
Pinsent Masons and Wragge & Co have announced the details of their associate slaries for 2011-12, with both firms freezing rates for newly-qualified lawyers in London....
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Jul 13 2011
Top London firms have reported a good year, with revenues and profits on the up.
Allen & Overy posted a 7 per cent increase in revenue to £1.12bn, and an 8.3% hike...
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Jul 07 2011
Herbert Smith has reported a 3.4% increase in revenue in the 2010-11 financial year, from £449.9m to £465m. Profits per equity partner also rose by a significant...
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May 30 2011
Herbert Smith has frozen salary bands for associates, following the trend set Allen & Overy and Linklaters.
Pay at the firm is set to stay at £38,000 for...
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May 23 2011
Rumour has it that Herbert Smith is considering a move to Australia, following the path laid down by Norton Rose, Clifford Chance and Allen & Overy.
It is not yet...
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May 02 2011
US firm McDermott Will & Emery is set to launch in Paris after five key hires.
Leading the new office is partner Jacques Buhart, who was previously head of Herbert...
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Apr 28 2011
Herbert Smith has promoted 13 lawyers to the partnership in its annual promotions round – down from 18 last year.
The firm has made up six lawyers in London, two...
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Apr 26 2011
RollOnFriday has conducted a survey on the top 20 London firms, asking, how many women entered the partnership in the last three years – taking into account both...
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Apr 26 2011
RollOnFriday has conducted a survey on the top 20 London firms, asking, how many women entered the partnership in the last three years – taking into account both...
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Apr 15 2011
RollOnFriday has reported the results of its maternity leave survey, with Weil Gotshal & Manges taking the top spot for best policy – 26 weeks at full pay followed by...
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Feb 07 2011
Berwin Leighton Paisner has hired private client partner Rupert Ticehurst from Herbert Smith. Ticehurst was Herbert Smith’s only dedicated private client partner, and...
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Feb 06 2011
Allen & Overy is set to receive £2.5m of public funding in return for creating 300 new jobs in Belfast. The funds come from Invest Northern Ireland as a subsidy for...
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Jan 17 2011
Simmons & Simmons has been recognised as the UK's top law firm for lesbians, gays and bisexuals, and 19th place overall, in Stonewall's 2011 ranking of top employers....
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Jan 14 2011
Industry rumour has it that Herbert Smith's new Belfast outpost will pay its lawyers as little as £10 per hour, with paralegals earning a mere £7 an hour.
The new...
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Dec 23 2010
A would-be trainee has received harsh treatment at the hands of Herbert Smith, with the firm withdrawing the student’s training contract because he failed a ten-minute...
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Nov 24 2010
Herbert Smith is set to launch a new office in Belfast to handle large volumes of documents from major litigations, arbitrations and regulatory investigations.
The...
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Nov 22 2010
The Evening Standard has launched a new initiative called the London Living Wage Scheme, which encourages firms and companies to guarantee staff a minimum rate of pay...
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Nov 12 2010
Indonesia’s consumer and resources boom is fueling an investor frenzy in the market, with Bloomberg reporting that investors have bought $23.3 billion of debt this...
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Sep 14 2010
Herbert Smith and its associated Indonesian law firm Hiswara Bunjamin & Tandjung are advising Banpu - Thailand’s biggest coalminer - on the second largest block trade...
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Jun 29 2010
Herbert Smith has posted figures from the 2009-10 financial year, which show that the firm’s fortunes have stabilized. After 2008-09 saw profit per equity partner drop...
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Jun 07 2010
Herbert Smith has made a review of salaries, and has announced significant changes to the remuneration of its fee earners from June next year.
There are firm-wide...
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May 31 2010
The Karan Billimoria-promoted Cobra Beer acquired a controlling stake in Iceberg Industries, a leading brewery based out of Bihar which manufactures Fosters beer.
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May 11 2010
Herbert Smith and Latham & Watkins have taken lead roles on Al Fayed’s sale of the iconic department store Harrods to the investment arm of the Qatari Investment...
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Apr 23 2010
Herbert Smith has promoted 18 lawyers to the partnership, bringing their worldwide partner numbers to 272.
Senior partner David Gold said: “I congratulate our new...
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Apr 22 2010
Freshfields Bruckhaus Deringer and Herbert Smith have scored key roles advising on the £1.59bn acquisition by Deutsche Bahn of European public transport services...
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Apr 12 2010
The European Union and South Korea have signed a trade deal under which Korea has agreed to open key commercial sectors to European business. The legal services sector...
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Mar 29 2010
Mallesons Stephen Jaques is advising BG Group on the $60 billion sale of liquefied natural gas from its Queensland Curtis Project to the state-owned China National...
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Mar 25 2010
Herbert Smith has raided two lawyers from Linklaters in a move that will bolster its energy and project finance team. Martin Kavanagh and Matthew Job were both counsel...
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Mar 16 2010
Top UK law firms have increased borrowing by 40 per cent in response to the financial crisis, according to an article published in Times Online today.
The legal...
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Mar 11 2010
Herbert Smith has hired former Linklaters US securities partner Steve Thierbach for their London-based global capital markets practice.
Thierbach was instrumental...
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Mar 09 2010
A new report compiled by the Legal Sector Alliance shows an overall reduction in carbon emissions of 4% among member firms since the first public report in December...
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Feb 28 2010
Herbert Smith has made a rare hire from Freshfields Bruckhaus Deringer in London.
Freshfields high-profile pensions partner Dan Schaffer will join the firm next...
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Feb 19 2010
Herbert Smith and Linklaters have won roles alongside India’s AZB & Partners on Indian company Bharti Airtel’s $10.7bn (£6.8bn) bid for the African business of Kuwaiti...
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Feb 17 2010
The top 10 City law Herbert Smith has become the second major UK law firm, after Hammonds, to confirm that it has launched a further round of trainee solicitor...
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Nov 18 2009
Herbert Smith has taken a lead role for Canon on the Japanese camera giant's $1.1bn (£650m) bid for Oce, Europe's biggest printer manufacturer, reports The Am Law...
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Nov 14 2009
Herbert Smith’s CIS head has joined the race to become the firm’s next senior partner, meaning three candidates will now fight it out for the role.
Allen Hanen, who...
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Nov 09 2009
Proskauer Rose has added its second partner in the City in less than two months with the hire of a former Herbert Smith associate.
Daniel Ornstein joins Proskauer...
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Oct 31 2009
Lovells and Herbert Smith have won sought-after roles to advise HM Treasury on the stability of the financial markets.
The Treasury's new three-firm panel, which...
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Oct 27 2009
Dundas & Wilson, Herbert Smith and Addleshaw Goddard have all been reappointed to Standard Life Investments' real estate funds panel.
The firms successfully...
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Oct 16 2009
Herbert Smith has hired highly-regarded Allen & Overy (A&O) partner Robert Hunter to boost its specialist fraud practice in the City.
Hunter, who currently heads...
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Oct 15 2009
Ashurst and Herbert Smith have secured the top advisory roles in the proposed £100m rights issue by retail chain JJB Sports.
JJB called on regular adviser Herbert...
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Oct 01 2009
Herbert Smith is launching a training scheme to help its staff spot the symptoms of stress and deal with mental illness.
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Aug 12 2009
Herbert Smith, Linklaters, Slaughter and May have won key advisory roles as buyout firm Resolution completes its £1.86 billion ($3.1 billion) takeover of British...
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Aug 04 2009
Linklaters has announced its first lateral hire in the City since 2007.
Herbert Smith's litigation partner Christa Band who led the Herbet Smith's litigation team...
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Jul 27 2009
Linklaters Spanish tax head Nicolas Martin is joining Herbert Smith along with two associates, becoming the fifth Linklaters partner in just three months to leave the...
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Jul 18 2009
After a Bombay High Court ruling in 1995, foreign law firms were barred from practicing in India. Under the newly enacted Limited Liability Partnership Act 2008,...
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Jun 23 2009
Six foreign law firms granted licences to practise Singapore law - Clifford Chance, Allen & Overy, White & Case, Herbert Smith, Norton Rose and Latham & Watkins - have...
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Jun 10 2009
Partner profits at London-based law firm Herbert Smith fell below £1 million in 2008 as the financial crisis caught up with the City law firms.
Profits fell by 22...
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May 26 2009
Herbert Smith has completed its redundancy consultation with 84 members of staff laid off in London.
The consultation, which concluded at the end of last week,...
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May 12 2009
Linklaters and Herbert Smith have advised on a £2.3bn deal that saw British Gas owner Centrica buy a 20 per cent stake in UK energy group British Energy.
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May 07 2009
Herbert Smith's London headquarter received the bulk of the promotions, with seven new partners, while Moscow, Hong Kong, Paris, Jakarta, Shanghai and Dubai each...
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May 05 2009
Herbert Smith is opening an office in Madrid with three Spanish Linklaters partners who will be joined by London-based Herbert Smith finance partner David Wyles.
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May 03 2009
Reports have surfaced that the compensation paid to associates at Herbert Smith who have been made redundant in the most recent round of layoffs will be better than...
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Apr 20 2009
Herbert Smith has stated that it will freeze associate salaries at last year's levels, and may be eliminating up to 84 staff from its office in London. The firm's...
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Jan 26 2009
Herbert Smith’s accounts for 2007-08 have revealed that the highest-paid fee earner took home almost £1.4m last year, the firm's topping 2006-07’s highest earnings of...
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Jan 15 2009
Herbert Smith has successfully defended itself against arbitration proceedings brought against the firm by Russian aluminium giant Rusal.
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Jan 09 2009
Herbert Smith has established two new regional management roles in Asia.
Hong Kong corporate partner Andrew Tortoishell will become Greater China Managing Partner,...
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Dec 05 2008
Under a new scheme to allow foreign law practices to practise in Singapore, the government will be issuing Qualifying Foreign Law Practice (QFLP) licences to six...
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Dec 01 2008
Herbert Smith has ditched plans to overhaul its financial reporting system after a gloomy profit outlook made it likely that partners would be left out of pocket.
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Oct 30 2008
At least six City firms have applied for new liberalised licences to practise local law in Singapore, including DLA Piper, Ashurst, Herbert Smith and Norton Rose....
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Oct 29 2008
Herbert Smith has hired a senior associate from Allen & Overy's Moscow office in a bid to shore up its local finance capacity...
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Oct 10 2008
The magic circle firm Freshfields Bruckhaus Deringer will provide corporate advice on the sale of the UK’s second-largest airport Gatwick.
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Sep 09 2008
Slaughter and May took the top spot in the UK for the third consecutive year.
The top-ten UK law firms for prestige, as ranked in the 2009 Vault Guide to the Top 50...
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