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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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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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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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
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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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
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
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
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
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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