News - Page 39
Reed Smith builds in Saudi Arabia with corporate trio
US firm nearly doubles Riyadh headcount with two partners and an associate from local boutique AlAmmar Law
Due-diligence gaps fuel uptick in M&A disputes in 2025 – survey
Some 46% of M&A professionals highlighted due diligence issues as a driver of post-deal fallout, according to consultancy firm BRG
Court reporting and litigation services firm Steno raises $49m in funding round
Series C round is backed by investors including Savano Capital Partners, First Round Capital and The Legal Tech Fund
Time-recording start-up PointOne secures $16m in funding round
Series A round led by 8VC brings the firm’s overall investment to $20m
Cultural mismatch drives more than one-in-three GC departures in 2025 – study
Russell Reynolds Associates’ analysis shows 35% of externally hired Fortune 500 GCs left role within three years due to cultural misalignment
US civil rights group the NAACP hires former DOJ lawyer as legal head
Kristen Clarke replaces Janette McCarthy Wallace, who becomes a special counsel
Mayer Brown builds in Tokyo with seven-lawyer A&O Shearman team
Arrival of partners Toshiro Mochizuki and Kana Morimura follows recent hire of A&O Shearman’s Tokyo head
RPC elects financial services litigator Simon Hart as senior partner
Hart succeeds Oliver Bray, whose six-year tenure concludes at the end of April
Governor of New South Wales to join London’s Atkin Chambers
Leading construction set to welcome Margaret Beazley AC KC as a door tenant in 2028
Simpson Thacher raids Kirkland again to build out capital structure solutions practice
Brian Schartz and John Luze take the number of partners joining the practice from Kirkland to five
Skadden and Paul Weiss advise on $22bn US insurance deal
Skadden acts for Corebridge as Paul Weiss counsels Equitable in all-stock deal to create company with $1.5trn in AUM
Top Spanish firm Cuatrecasas sees revenue inch up 2.7% to €447m
Revenue growth slows in 2025 after double-digit increases in previous two years
Morgan Lewis hires five-lawyer trade team in Paris from Hughes Hubbard
Move follows Morgan Lewis hiring senior trade partner in Washington DC from Hughes Hubbard last September
Corporate AI adoption is moving faster than compliance can keep up – study
Nearly seven in 10 organisations’ governance controls are failing to keep pace with AI adoption, according to Thoropass survey
Harvey secures bumper $200m funding round to hit $11bn valuation
Legal AI platform attracts fresh backing from investors including Sequoia, GIC and Andreessen Horowitz