Allen & Overy (A&O) is getting closer to becoming the first Magic Circle firm to launch a South Africa base following the hire of banking head Lionel Shawe from local firm Bowman Gilfillan, along with a team of partners.
While the headline Legal Business 100 (LB100) results are once again inflated by significant merger activity at every level, there is evidence that many of the top 100 grossing firms in the UK are enjoying organic growth again.
David Chance and Andreas Raffel have joined Olswang today (1 September) as the firm’s first non-executive directors to monitor and support the firm’s executive, develop Olswang's international strategy and bring an outside perspective.
Even for the most jaded denizen of the City legal community it's been hard to avoid noticing the greater emphasis that law firms have put on diversity in recent years. While social mobility was in the spotlight several years ago with the cross-industry launch of PRIME, 2014 has seen a rash of law firms announce concrete targets to improve female representation in their partnerships.
Phil Sanderson’s move to Ropes & Gray was the stand-out lateral hire of the week, but other lateral moves last week saw TLT bolstering its social housing team, BLM expanding its PI offering, Norton Rose Fulbright growing its German antitrust and competition practice and Shearman and Sterling losing a high-profile M&A partner to Jones Day’s New York office.