Big firms make moves in Canada, Allen & Overy's German poaching efforts, a potential prison sentence for one Italian lawyer, and British firms are largely left out of rankings of best companies to work, in this week's wrap of the international legal world.
Clyde & Co seal Canadian deal
UK insurance firm Clyde & Co is expanding its international presence through a merger with Canadian insurance firm Nicholl Paskell-Mede, reports The Lawyer. The merger comes at a time when DLA Piper is also eyeing deals in Canada. Clydes has been searching for a Canadian merger partner for over a year.
Allen & Overy poaches Norton Rose team
Allen & Overy has added to its German arm with the poaching of a banking regulation and investment funds team from Norton Rose, reports Legal Week. The team of four is led by partner Frank Herring and is set to join A&O in Frankfurt on 1 April. Herring currently heads Norton Rose's Frankfurt banking regulation and investment funds practice.
Jail time for Eversheds director?
Eversheds' Italian managing partner, Riccardo Bianchini Riccardi, is staring down the barrel of eight years in prison following the bankruptcy of Italian agricultural company Cirio, reports The Lawyer. Prosecutors in Rome have recommended that Bianchini Riccardi, who was a director, serve the sentence along with a number of other Cirio executives. The company went bankrupt in 2003.
British law firms rank poorly
The UK's top law firms have once again failed to make the grade in The Sunday Times' annual 100 Best Companies to work for rankings, reports Legal Week. Mills & Reeve was the sole representative from the UK's top 50 law firms by revenue, coming in at number 90 in rankings, compared with number 72 last year. The firm is one of only five law firms to feature in the top 100.
Partners promoted at Burges Salmon
UK firm Burges Salmon has promoted four new partners this year, its first internal promotions for two years, reports The Lawyer. It is also the largest set of promotions by the Bristol-based firm since 2008, when six new partners were added. In 2009, just one associate was promoted to the partnership. Once the promotions take effect, there will be 69 partners at the firm.
Kuoni buys rival for $720m
Baker & McKenzie and Kirkland & Ellis have taken lead roles on Swiss travel group Kuoni's $720 million purchase of British rival Gulliver's Travel Associates (GTA), reports Legal Week. Kuoni instructed Bakers on the deal, which is a part of the Swiss company's efforts to develop its online travel business. GTA, which belongs to private-equity owned Travelport, was advised by Kirkland.