Partners at Schulte Roth & Zabel and McDermott Will & Emery have voted in favor of merging to create the combined firm of McDermott Will & Schulte, the firms announced Thursday.
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McDermott, Schulte Roth Vote To Approve $2.8B Merger

By Kevin Penton

Partners at Schulte Roth & Zabel and McDermott Will & Emery have voted in favor of merging to create the combined firm of McDermott Will & Schulte, the firms announced Thursday.

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Stephenson Harwood's Revenue Passes £300M In New Record

By Ashish Sareen

Stephenson Harwood LLP said Thursday that it has set new records by posting revenue of more than £300 million ($411 million) and partner profits of £1 million as it published its latest financial results.

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SRA Taps FRC Exec To Lead Regulator Past Controversies

By Marialuisa Taddia

The Solicitors Regulation Authority said Thursday that it has appointed a senior executive from the U.K. accounting watchdog as its new chief executive, as the regulator navigates a turbulent period marked by high-profile scandals and increased scrutiny.

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Litigation Funding Faces $15B Gap Amid Regulatory Hurdles

By Marialuisa Taddia

Litigation funding is falling far short of its estimated $15 billion market potential, as actual investment continues to lag amid regulatory uncertainty and limited transparency, according to a report published Friday.

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ENFORCEMENT

Law Firm Fined £24K After Admitting AML Failings

By Hanna Vioque

The solicitors' watchdog has fined a law firm in northern England £24,149 ($33,223) for failing to conduct certain money laundering checks over three years, but noted that the firm didn't benefit from the misconduct. 

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Private Client Pro Rebuked Over Client Confidentiality Breach

By Ashish Sareen

A solicitor has been reprimanded after she removed and shared documents containing confidential client information from her former firm without the knowledge of either the legal business or its clients, the Solicitors Regulation Authority has said.

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LAW FIRMS

Michelman & Robinson Adds 1st International Office In UK

By Ashish Sareen

U.S. law firm Michelman & Robinson LLP announced Thursday that it is opening its first international office in London in response to "a clear and consistent call" from its global client base.

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Brief

Linklaters Reelects Leadership After Record Financial Year

By Marialuisa Taddia

Linklaters LLP said Thursday that its partnership has "overwhelmingly" voted to extend the terms of its current senior partner and firmwide managing partner for another four years following another record financial year.

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LITIGATION

Law Firm Settles Crypto Fraud Victim's Negligence Claim

By Tabitha Burbidge

A boutique investment fraud law firm and a cryptocurrency fraud victim have inked a settlement to end a claim accusing the firm of providing negligent advice to recover £500,000 ($687,600) in stolen funds.

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PEOPLE

Dechert Hires PE Pro In London From Wealth Fund GIC

By Jamie Lennox

Dechert said on Thursday it has recruited a new partner from Singaporean sovereign wealth fund GIC, adding global private capital expertise to its corporate and securities practice in London.

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LAW FIRMS IN TODAY'S NEWS

4 New Square

A&O Shearman

Cooke Young

Dechert LLP

Edmonds Marshall McMahon

Gibson Dunn

Hailsham Chambers

Herbert Smith Freehills

Kramer Levin

Linklaters LLP

McDermott Will & Emery

Michelman & Robinson

Mills & Reeve

Schulte Roth

Simon Paschal

Stephenson Harwood

Travers Smith

COMPANIES IN TODAY'S NEWS

American Express Co.

Deminor Recovery Services

GIC Private Ltd.

LinkedIn Corp.

MasterCard Inc.

PACCAR Inc.

Solicitors Disciplinary Tribunal

Solicitors Regulation Authority Ltd.

Westfleet Advisors LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Commission

Financial Conduct Authority

Financial Reporting Council

UK High Court