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Pannone partners face three-year lock-in at Slater & Gordon

Partners who moved to Slater & Gordon (S&G) as part of its acquisition of Pannone are to be locked into the firm for three years under the stringent terms imposed on the new joiners. The partners have also agreed to performance-related salaries and restricted share options. The consideration for the takeover by the Australian-listed firm…

EY taps into Chinese legal market through acquisition of Shanghai firm

Accounting firm Ernst & Young (EY) is in the process of launching a legal services unit in China through the acquisition of Shanghai-based Chen & Co. The move will be seen as significant for marking the global accoutancy firms first reach into China’s vast legal services market, a route that remains closed to international law…

UK lawyer salaries on the rise but bonuses fall by 5 per cent

Solicitors’ salaries have risen by £5,000 over the past year but bonuses are down, according to a new survey by recruiter Laurence Simons. A rise in salaries over the past 12 months has taken the average across the market from £103,450 to £108,690 in a year, but at the same tine the average bonus has…

Norton Rose Fulbright moves into Brazil with Rio launch

Norton Rose Fulbright is set to open its third Latin American base in Rio de Janeiro with the hire of a senior in-house lawyer from BP. The firm has hired the assistant general counsel of BP’s general corporate arm, Andrew Haynes, to co-head the office. He will lead the project alongside Glenn Faass, who currently…

Freshfields trio launch arbitration boutique to challenge magic circle

The head of Freshfields Bruckhaus Deringer’s London arbitration group Constantine Partasides is leaving the firm to launch an arbitration boutique with former partner Jan Paulsson. Paris partner Georgios Petrochilos is also leaving the magic circle firm to work with Paulsson and Partasides. It is thought that at least three partners from other firms are also…

Baker & McKenzie opens in Myanmar

Baker & McKenzie has become the latest international firm to set foot in Myanmar with the opening of its Yangon office. The Yangon office will be led by infrastructure and corporate partner Chris Hughes, who has recently relocated to Yangon from the firm’s Sydney office. Bakers first tapped into the opening up Myanmar market in…

Dundas and CMS negotiate panel spots with banking clients ahead of merger

CMS and Dundas & Wilson are understood to be in talks with their shared clients over which partners will stay on their rosters after the two firms merge on 1 May 2014. Clydesdale Bank, the Royal Bank of Scotland (RBS), Lloyds and the National Grid are negotiating with the firms over what shape the merged…

Dacheng overhauls management structure in latest leadership election

Chinese giant Dacheng has kicked-started an election process for a new leadership team under a new governance and management structure. Beijing-headquartered Dacheng, which is home to nearly 3,000 lawyers across 41 offices, is in the process of electing members for its top management line-up, which is made up of a 17-member partnership council, a five-member…

​Dickson Minto grows banking practice with son of star partner Barron

Dickson Minto is beefing up its banking department with the hire of Weil Gotshal & Manges senior associate Chris Barron, who is joining the firm as a partner. The hire at the private equity-led firm is particularly notable in that Barron’s father, banking specialist Michael Barron, is an equity partner at Dickson Minto. “For some…

Davenport Lyons and Howard Kennedy FSI in merger talks

Davenport Lyons and Howard Kennedy FSI are in top level discussions about a potential merger. The West End media boutique approached Howard Kennedy FSI (HKFsi) days after its negotiations with Shakespeares were called off at the end of January (30 January 2014). HKFsi confirmed the move. A spokesperson said: “We have been approached and are…