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Stewarts to launch tax litigation team to capitalise on boom in tax disputes

Stewarts Law will launch a tax litigation group in 10 weeks’ time to hone in on the swathe of tax-related cases hitting the courts. The new specialist group will join the litigation firm’s nine specialist areas, which include the most recent groups, international arbitration and employment litigation. The firm has been planning to set up…

Home Office ordered to pay Clifford Chance client Raytheon £224m

Clifford Chance client US defence company Raytheon Systems has won over £224m from the Home Office after an arbitration tribunal ruled the Government unlawfully terminated its e-borders contract in 2010. The tribunal awarded Raytheon £50m in damages for ending the contract, £9.6m to settle complaints relating to changes to the original contract and £126m in…

Mishcon set to turn from partnership to full-equity LLP structure

Mishcon de Reya is to vote next month on converting to an LLP and bringing all of its salaried partners into the equity. The firm will transform its current partnership structure with 65 fixed-share partners and 37 equity partners to a full-equity LLP next year, dependent on a yes vote. Mishcon also lodged a formal…

PwC takes on Aussie legal market with hire of ex-KWM partners

Former King & Wood Mallesons (KWM) partners Tony O’Malley and Tim Blue, who set up a Sydney boutique earlier this year, have joined accounting giant PricewaterhouseCoopers (PwC) to launch an Australian legal services arm. PwC, whose legal business PwC Legal employs over 2,000 lawyers in 80 countries and turns over in the region of £250m,…

Withers launches in San Francisco with lateral hire duo

Withers has opened a new office in San Francisco, its first new base in more than two years. The firm, which is known as Withers Bergman in the US, officially opened its doors on the West Coast in January 2014 with the hire of Louis Mezzullo as a consulting partner from McKenna Long & Aldridge…

Wong Partnership follows Myanmar entry with Indonesia deal

Singapore firm WongPartnership has extended its South-East Asia footprint by sealing a strategic alliance with Indonesian firm Makes & Partners. The move comes just weeks after the firm entered Myanmar with a June office launch (23 June 2014). WongPartnership is now present in four of the countries that make up the Association of Southeast Asian…

Harper Macleod joins forces with Bird Semple to create £23m firm

Scotland’s Harper Macleod is to take over Glasgow-based private client boutique Bird Semple, creating a £23m firm in the process. The deal, which was signed earlier this month and will go live on 1 September, is set to add £2.1m to Harper Macleod’s 2013/14 turnover figure of £21m and bring its partner headcount to 56….

Bakers breaks records for revenue and headcount with $2.5bn 2013/14 results

Baker & McKenzie has posted its highest-ever revenue, recording a total turnover of $2.54bn (£1.51bn) for the 2013/14 financial year to 30 June. The record results, which represent an increase of 5 per cent on the previous year’s $2.42bn (28 August 2013), confirm Bakers as currently the world’s largest firm by revenue. Bakers is currently…

Slaughter and May records 97% retention

Slaughter and May is to keep on 97 per cent of its qualifying trainees this autumn. The firm made job offers to all 34 of its final-seat trainees, and 33 accepted. Training partner Robert Byk said: “We’re always recruiting with the long term in mind, so we’re delighted to have kept on so many of…

Ukraine's Vasil Kisil splits in two as five partners launch new firm

Ukrainian firm Vasil Kisil & Partners has split in two, after five of its 11 partners quit to launch a new firm. Aequo – Latin for ‘equal’ – launched this week. The new firm is led by managing partner Denys Lysenko, who focuses on corporate and tax law. Lysenko is joined in the new venture…