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ANNUAL REPORT ANNUAL 2018 President’S Foreword I Was Flattered to Be Invited to Speak on the 70Th for Professionals in the UK
S ANNUAL REPORT 2018 President’s Foreword I was flattered to be invited to speak on the 70th for professionals in the UK. The Society is extremely fortunate to have Linden Thomas and Inez Brown in the anniversary of the Universal Declaration of Human Thank you for the honour of electing me to be the President of Birmingham Law wings as its next Presidents. Linden has exciting plans rights at the Opera in Lyon. We have a historically good Society and to share the bi-centennial year with my colleague and friend Andrew for the Society in her year and I wish her every relationship with the Lyons Bar cultivated by the hard Beedham. success. work of my hosts Tim Hughes, Maite Roche and the When I opened my year on 24 April 2018 I indicated that I had a number of Batonnier of Lyons. They noted that I have never been James Turner aspirations during my year. I aimed to promote Birmingham as a centre of legal shy to speak up on issues of social justice and human President excellence, improve member engagement, build on our national and international rights. The event was held during the Fete des relationships and ensure we celebrated our bi-centenary in style. A year proves to Lumieres which would be reason enough to spend a be a short time but I am confident that I made progress with all of those aspirations. weekend in a beautiful city. I will not quickly forget a In particular I hope the Society’s members will agree annual cricket competition to be jointly branded with memorable event at which I shared a stage with that we marked the bi-centenary with style. -
Innovative Lawyers 2015
InnovatIve Lawyers 2015 october 22015 ft.com/innovative-lawyers ReseaRch paRtneR suppoRted by ForeWord The first decade Welcometoalandmark edition of Innovative Lawyersmagazine. This is the10thyearofanFT specialreportthathas weighedand ranked the work of European legalorganisationsduringatimeofgreat change in the industry. In therun-uptoour first report,manyinand outsidethe profession said innovating wasnot what lawyersdid.In2006 just twoleading legalfirms expresslycited innovation as avalue on theirwebsites. Nowalmostall do. Andthe growth of theseriesofFTreports,now with threeseparateregional editions,shows howfirmsaroundthe worldhaveembracedinnovation. Theworkoflawyers wastransformed by theglobaleconomiccrisisin 2008.Theywerecalledontosteadybusinesses andgovernments,especially as bankerscameunder increasing suspicion.Thatworkisstill going on but stronger regulation in thewakeofthe crisis is also forcingmorecompliance work upon companiesaroundthe world—and they areturning tolawyers forhelp. Theincreasingtempo of change hasbeenfeltinthe structures of legal FTSpecialreporTS ediTor Leyla Boulton organisations. Mergersacross continents have become widespread in ediTor thepastdecadeand severalfirmshavemoved close to beingtruly global Rohit Jaggi producTion ediTor entities.And anylistofthe eliteofthe profession hastoinclude some US George Kyriakos firms that have made substantial inroadsintothe Europeanmarket. arTdirecTor Jonathan Saunders In theUK, theLegal Services Act2007, liberalising some areasofthe JuniordeSigner profession,has hadamuchgreater -
Partner Moves January - February
Lateral Partner Moves in London January - February 2018 REPRESENTATION – SEARCH – TEAM MOVES www.edwardsgibson.com Welcome to the latest round up of lateral partner moves in the legal market from Edwards Gibson where we look back at announced partner-level recruitment activity in London over the past two months and give you a ‘who’s moved where’ update. In all there was a total of 91 lateral partner moves announced in this round up – 22% down on the same period last year when the figures were artificially buoyed by the collapse of King & Wood Mallesons’ European verein. Although fewer than the preceding two years, the number of moves in this edition corresponds almost exactly to the statistical average over the same period for the past 5 years (see graph below). Lateral Partner Moves January - February 2014 2014.5 2015 2015.5 2016 2016.5 2017 2017.5 2018 140 140 120 120 100 100 80 80 60 60 40 40 20 20 No. of Partner Moves 0 0 2014 2015 2016 2017 2018 Year Mean No. of Moves 2014 - 2018 in the January - February Period A total of 7 firms hired three or more partners in the first two months of this year. Surprisingly, the most prolific recruiter was the traditionally ultra conservative all equity White Shoe firm Milbank Tweed Hadley & McCloy. Milbank snared a full half-dozen new partners – comprising a four-partner restructuring and corporate team, and a two-partner high yield US capital markets team - from fellow New Yorkers Cadwalader Wickersham & Taft and Shearman & Sterling. Top partner recruiters in London January-February 2018 • Milbank Tweed 6 • K&L Gates 4 • Charles Russell Speechlys 4 • Brown Rudnick 3 • Fieldfisher 3 • Osborne Clarke 3 • Simmons & Simmons 3 REPRESENTATION – SEARCH – TEAM MOVES www.edwardsgibson.com So, an interesting, but not dramatic, start to the New Year. -
Archers Shoot Themselves in Foot with Livery Company's Ban on Women
BUSINESS WITH PERSONALITY END OF THE LINE? STOKED TALISMAN ONCE STRIKE-HIT SOUTH AGAIN THE SAVIOUR AS WESTERN SUFFERS ENGLAND WIN IN S.A. P31 £137M LOSS P6 WEDNESDAY 8 JANUARY 2020 ISSUE 3,529 CITYAM.COM FREE IRAN ATTACKS US FORCES Tens of missiles launched at multiple air HACK HOLDS bases housing US troops in Iraq TRAVELEX TO $6MRANSOM STEFAN BOSCIA “In the case of payment, we will City A.M.: “Organisations must notify delete and will not use that [data]base the ICO within 72 hours of becoming @Stefan_Boscia and restore them [across] the aware of a personal data breach unless HACKERS have warned Travelex that entire network.” it does not pose a risk to people’s it has just over a week to pay a ransom Employees at Travelex have resorted rights and freedoms.” of at least $6m (£4.6m) or else a to using paper and pen, while foreign Until yesterday, customers visiting tranche of sensitive customer data exchange transactions are only avail- the Travelex website were met with a JAMES WARRINGTON damage or casualties caused by the will be sold on the black market. able over the counter. message saying the site was down strikes. Cyber criminal gang Sodinokibi Firms who use Travelex’s for “planned maintenance”. @j_a_warrington The attacks mark a dramatic launched an attack on the foreign ex- network — such as Sains- The firm has denied there IRAN launched a string of missile escalation in a bitter clash between change company on New Year’s Eve, bury’s Bank and Virgin is any evidence that cus- attacks on US troops in Iraq late last the US and Iran after an American forcing Travelex to abandon its digital Money — have not been tomer data has been night, ratcheting up fears of a full- airstrike killed Iranian military networks and shut down its websites able to provide ex- blown military conflict between the commander Qasem Soleimani on in Asia, the US and Europe. -
Who's Who Legal: Telecommunications Media
Who’s Who Legal: Telecommunications Media & Technology 2016 Information Technology Country Firm First Name Surname Argentina Estudio Beccar Varela Ramon Ignacio Moyano Estudio Millé María del Rosario Millé Estudio Millé Antonio Millé Australia Addisons Lawyers Jamie Nettleton Allens Niranjan Arasaratnam Allens Peter James Allens Michael Pattison Allens Gavin Smith ArgyStar.com Philip Argy Ashurst Australia Tim Brookes Ashurst Australia Sophie Dawson Ashurst Australia Gordon Hughes Australian Business Lawyers & Advisors Julian Courtney-Stubbs Baker & McKenzie Anne-Marie Allgrove Baker & McKenzie Patrick Fair Baker & McKenzie Adrian J Lawrence Baker & McKenzie David Shannon Banki Haddock Fiora Peter Knight Bird & Bird Jim FitzSimons Corrs Chambers Westgarth Philip Catania Corrs Chambers Westgarth Stephanie Daveson Corrs Chambers Westgarth Andrew Messenger Davies Collison Cave Law Richard Jarvis Dibbs Barker Michael Sutton Emil Ford & Co Lawyers Fred Chilton Gilbert + Tobin Peter Leonard Gilbert + Tobin Sheila McGregor Henry Davis York Vanessa Andersen Henry Davis York Robert Neely Herbert Smith Freehills Damien Bailey Herbert Smith Freehills Miles Bastick Herbert Smith Freehills Keith Robinson K&L Gates LLP Cameron Abbott King & Wood Mallesons Nicole Heller King & Wood Mallesons Cheng Lim King & Wood Mallesons John Swinson King & Wood Mallesons Mark Weber Law Council Intellectual Property Committee Maurice Gonsalves Maddocks Jeff Goodall Minter Ellison John Fairbairn Minter Ellison Paul Kallenbach Minter Ellison Anthony Lloyd Minter Ellison -
Partner Moves July
Lateral Partner Moves in London July/August 2013 Addleshaw Goddard focus is on commercial real estate investment and Kambiz Larizadeh joins the firm from the London development. office of Skadden, Arps, Slate, Meagher & Flom where he was counsel. His focus is on complex cross- Duane Morris border commercial litigation and arbitration. The addition of Proskauer Rose corporate tax partner, Jennifer Wheater strengthens the firm’s corporate Berrymans Lace Mawer capability. Nick Gibbons moves to the insurance and dispute resolution firm from Ince & Co. He joins the TMT DWF practice concentrating on contentious and non- The firm has recruited Toby Askin from Wragge & Co contentious IT. to become Head of Real Estate in London and Birmingham, as well as national Head of Investment Brown Rudnick and funds. He will be based in London. The US firm has strengthened its white collar crime practice with the hire of Tom Epps from Hickman & Eversheds Rose. Former head of Sidley Austin’s IP and life sciences team in London, Brett Rowland has joined the firm. Bryan Cave He is dual qualified in Australia and England and Dan Larkin, previous European global Head of handles both contentious and non-contentious work. Hospitality and Leisure at legacy firm Salans, has been hired by Bryan Cave. Joining the transactions group, Gibson, Dunn & Crutcher he leaves Dentons. The hire of disputes and international arbitration partner Penny Madden, from Skadden Arps marks an CMS Cameron McKenna expansion for the firm’s London office. Banking and finance partner Martin Brown has left Ashurst to return to his previous firm. Jones Day Raymond McKeeve, Berwin Leighton Paisner global Covington & Burling private equity head since March 2009, will leave to A boost for the firm’s international arbitration and strengthen Jones Day’s EMEA private equity and energy practices, with a double hire from CMS finance practice. -
Download the Full Annual Report and Financial Statements 2020
DWF Group plc Group DWF Annual report and financial statements 2020 Built for strength and resilience DWF Group plc Annual report and financial statements 2020 DWF Group plc Annual report and financial statements 2020 Our purpose Our purpose is to transform legal services through our people for our clients. That’s why we are transforming our own business, with technological innovation, outstanding sector specialists and advanced working practices. This translates into an entirely new, resilient, business model that benefits from significant recurring revenues from institutional clients in our key industry sectors of Insurance, Financial Services and Real Estate. While the current environment is unprecedented, the Board is confident that the Group is well placed to continue to provide best service to our clients and benefit from future opportunities when the business environment normalises. We are built for both strength and resilience. Strength and resilience are directly interlinked within DWF, throughout this report, this icon highlights examples of how we put this in to practice. For the latest new releases and video presentations please see dwfgroup.com DWF Group plc Annual report and financial statements 2020 01 Highlights Solid performance report Strategic Revenue Revenue per partner1 Cost to income ratio2 Governance £297.2m £784.3k 42.6% +10.9% -9% -0.1ppts Operating Profit Underlying adjusted EBITDA3 Reported PBT statements Financial £22.2m £21.8m £18.2m +46% -22% +40% Underlying adjusted PBT4 Gross profit margin Net debt5 Other information £13.8m 47.9% £64.9m -32% -5.6ppts +£29.6m 1. Revenue per partner is calculated by dividing revenue by the FTE number of partners at the end of the financial year. -
Partner Moves
Lateral Partner Moves in London May - June 2020 Welcome to the latest round-up of lateral partner moves in the legal market from Edwards Gibson; where we look back at announced partner-level recruitment activity in London over the past two months and give you a ‘who’s moved where’ update. With law firms having to rapidly adjust to the economic challenges thrown up by COVID-19, their cash- conservation strategies have so far ranged from capital calls, drawing deferrals, rent reductions, pay- cuts and promotion/hire freezes (to name but a few). Although there have so far been mercifully few redundancies, with the UK government already tapering furlough payments, which are due to end completely in October 2020, it is likely many more firms will instigate formal or informal redundancy programmes over the next quarter. Against this backdrop it is unsurprising that at the half-year point, the number of partner moves (195) is down more than a fifth on the statistical average (244) for the same January–June period last year. Nevertheless, a complex picture appears to be developing. On the one hand, despite elevated caution around lateral partner hires, the picture for transactional lawyers is likely still flattered by a lag effect reflecting processes which were in advanced stages, prior to the impact of COVID-19. Against this, expectations of a pending boom in COVID-induced workflow - such as disputes and restructuring - along with potential “bargains” to be had from disruption-induced voluntary and involuntary movement of partners (including perhaps the odd émigré returning from a beleaguered Hong Kong), has boosted lateral numbers which may explain why, in the past two months, the number of laterals (61) is down only 14% on the same period last year (71). -
Final Registration List: Alpha by Last Name
FINAL REGISTRATION LIST: ALPHA BY LAST NAME 32ND ANNUAL Challenges and Opportunities in International Franchising 1 Mark Abell Maury Baskin David Bond Partner Shareholder Partner Bird & Bird LLP Littler Mendelson Fieldfisher LLP 15 Fetter Lane 1150 17th Street, Suite 900 Riverbank House London, EC4A 1JP Washington, DC 20036 2 Swan Lane United Kingdom Phone: (202) 842-3400 London, EC4R 3TT Phone: +44 (20) 7415-6000 United Kingdom Luciana Bassani Phone: +44 (20) 7861-4000 Cristina Ruiz de Aeda Dannemann Siemsen Bigler & Ipanema Jausas Moreira Silvia Bortolotti Passeig de Gracia 103, #7 Rua Marques de Olinda, 70 Partner Barcelona, 08008 Rio De Janeiro, 22251-040 Buffa Bortolotti & Mathis Spain Brazil Via Alfieri, 19 Phone: 34 (934) 150088 Phone: 55 (21) 5531811 Torino, 10121 Italy Walter Aguirre Jen Beck Phone: +39 (0) 115741111 Managing Partner VP & Assistant General Counsel Aguirre Abogado & Asesores S.A.C. International Dairy Queen Michael Brennan CAlle Boulevard 162, Of. 1204, El Polo 7505 Metro Boulevard Partner Lima, Minneapolis, MN 55439-0286 DLA Piper LLP (US) Peru Phone: (952) 830-0200 203 North LaSalle Street, #1900 Phone: (511) 717-6900 Chicago, IL 60601-1210 Rocio Belda De Mergelina Phone: (312) 368-4048 Kay Ainsley, CFE Partner Managing Director J&A Garrigues, SLP Jeffrey Brimer, CFE MSA Worldwide Hermosilla 3 COO 2163 Ector Place Madrid, 28001 Alexius, LLC Kennesaw, GA 30152 Spain 1509 York Street Phone: (770) 794-0746 Phone: 34 (915) 145200 Suite 300 Denver, CO 80206 Gustavo Alcocer Sheryl Bennett Phone: (720) 465-5001 Partner, Corporate & Commercial Law Group Attorney-Advisor Chair U.S. Department of Commerce Grayson Brown Olivares & CIA, S.C. -
The Bottom Line Law Firms but in 2016-17, That Revenue Notably Became Material for Many, in a Trend That Can Be Expected to Clifford Chance Accelerate
aka ‘The Orange Rag’ State of the Industry 2017: Financial Results Revenue generated by alternative legal services in all its many guises may still be a drop in the ocean for big City The Bottom Line law firms but in 2016-17, that revenue notably became material for many, in a trend that can be expected to Clifford Chance accelerate. Clifford Chance in July posted double digit increases We spoke about the latest set of financial results in both revenue and profit per equity partners, with to senior management at law firms including Clifford turnover up by 11% to £1.54bn and PEP up by 12% to Chance, Freshfields Bruckhaus Deringer, Herbert Smith an average of £1.38m. Freehills, Pinsent Masons, Macfarlanes and Mishcon de In announcing the results, managing partner Reya, all of which say they are winning business as a Matthew Layton said that the firm’s profit growth result of new delivery models. reflected increases in revenue but also efficiencies in Progress is being made in delivering better value to internal operations. clients, in automating routine legal services, in project Clifford Chance’s innovation strategy has two managing work and in using technology-led solutions distinct strands. The first focusses on best delivery – such as document review tools to create client efficiencies. using the right tools or resources to provide the best Taking that a step further, of the firms we spoke to, all value. Here the magic circle firm is transforming the way but Freshfields now have a deliberate focus on generating it delivers legal services by 1) using technology-based revenue through productising legal services or creating client solutions such as its partnership with Kira Systems adjacent business lines. -
Intelligence Report
Foreign law firms Intelligence report The new legal architects In the wake of the financial storm, which international law firms are taking the lead in designing and executing India’s cross-border transactions? George W Russell investigates June 2010 India Business Law Journal 33 Intelligence report Foreign law firms aw firms working on India deals have managed “Tariffs have to be more competitive and arrangements a collective sigh of relief. The outlook for India- have to be more creative, such as blended rates, maxi- related legal work is brighter than it has ever mum lump sum fees and success fees,” says Isabelle Lbeen since the global financial downturn took Roux-Chenu, director and group general counsel at hold late in 2008. “India related work has increased at a Capgemini in Paris. faster pace over the last year as India was not as badly affected by the downturn compared to the other devel- Intensive research oped economies and other economies in the region,” says Manoj Bhargava, who leads the India practice at This year’s India Business Law Journal survey of the Jones Day in Singapore. major international firms undertaking India work is Law firms also welcomed the results of the Indian drawn from an analysis of about 500 law firms from general election in mid-2009. However, some aspects of every continent and the matters they have handled government policy are causing concern. “The aggres- over the past 12 months. While no survey can be 100% sive nature of the India tax authorities is troubling to for- objective, India Business Law Journal has endeav- eign investors, and consequently has an adverse effect oured to draw insightful conclusions from the intensive on the willingness of foreign companies to be active in research undertaken. -
Patents and Vaccinations
Front cover_TPL47_v7:Layout 1 22/4/20 09:49 Page 1 The March / April 2020 PatentGLOBAL REACH, LOCAL KNOWLEDGE Lawyer www.patentlawyermagazine.com COVID-19 – patents and vaccinations ERIC M AS A & Law firm RANKINGS Munir A. Suboh and Felicity Hammond of BSA C A R Ahmad Bin Hezeem & Associates LLP examine the I B B E A N IP issues raised by any potential vaccine for the Coronavirus Parallel AI Reform petitions tools in Chile Page 30 Page 55 Page 59 CTC Legal Media Editor’s welcome_print_v1_TPL47:Layout 1 22/4/20 09:51 Page 3 EDITOR’S WELCOME Front cover_TPL47_v7:Lay March / April 2020 The CAL KNOWLEDGE GLOBAL REACH, LO Patentzine.com Lawyer www.patentlawyermaga COVID-19 – patents and vaccinations Editor’s RICA ME S A & Law firm RANKINGS welcome C A R N Munir A. Suboh and Felicity Hammond of BSA I B B E A Ahmad Bin Hezeem & Associates LLP examine the IP issues raised by any potential vaccine for the Coronavirus nder normal circumstances, the fact that this issue of The Patent Reform AI Lawyer features three articles discussing the most topical Parallel in Chile tools Page 59 petitions Page 55 Page 30 CTC Legal Media Usubject of the hour would be something to shout about. Alas, these are not normal circumstances, and so it is with decidedly mixed THE PATENT LAWYER feelings that I present something of a Coronavirus-themed issue. Issue 47 Dr Richard Fawcett, Senior Associate at Powell Gilbert, looks at the IP implications of the UK government’s call for industry to produce has cleared the tower Editor Matt Seex ventilators for COVID-19 patients.