A divided firm, partner exits and US mergers - the best of Legal Week last week

Legal Week | Editor's Comment April 18, 2016 A divided firm, partner exits and US mergers - the best of Legal Week last week The most-read news, interviews and analysis from Legal Week over the last seven days Addleshaws has looked pretty stable since managing partner John Joyce took the reins but the firm is facing a potential challenge as it consults on plans that could restrict the number of partners able to leave in any one year. Partners are divided over proposed changes to the partnership deed that include allowing only seven partners to hand in their notice each year across the fixed share and equity ranks combined.  While relatively unusual, it's a measure that some firms facing a flood of exits may wish they had in place. Former partners of King & Wood Mallesons for example describe the recent resignation of six Paris private equity partners as ripping "the heart out" of the European practice. The team are set to launch Goodwin Procter's Paris arm once they have served out their notice. Freshfields is also set to see partners leave in Paris, with four of its partners receiving offers to join Orrick Herrington & Sutcliffe.  The Paris exits come as the magic circle firm has appointed property consultants Cushman & Wakefield as it mulls options for its new London HQ. In addition to subletting part of its current Fleet Street building the firm is looking at a number of new building options near Liverpool Street. Across the Atlantic Reed Smith has entered into merger talks with US rival Pepper Hamilton while, fresh from the breakdown of merger talks with Miami's Greenberg, BLP managing partner Lisa Mayhew explains why the UK firm has moved on and sets out the firm's direction for the future.  Other highlights on Legal Week last week include:  In-house lawyers fear Brexit with most wanting to stay in Europe Pinsents banking litigation head seconded to Barclays as bank pushes ahead with panel review Macfarlanes makes up six new partners in all male promotion round Fieldfisher launches agile working in the UK Forsters and Slaughters advise on Tata steel works sale   Freshfields bolsters US practice with hire of senior federal prosecutor Linklaters promotes 24 to partner including 10 in London Stevens & Bolton hires Clifford Chance London restructuring co-head Pinsent Masons appoints its first chief operating officer DAC Beachcroft set to enter Malaysia through joint venture More stories from Legal Week Legal Week Conferences & Events Legal Week Offshore Investment Forum: Funds in flux - the changing dynamic of the offshore world Conference Thu 28th Apr 2016 - London, UK Legal Week Corporate Counsel Forum Middle East 2016 Conference Wed 11th May 2016 - Dubai, UAE Corporate Counsel Middle East Awards 2016 Awards/Rankings Thu 12th May 2016 - Dubai, UAE More Legal Week Conferences & Events Legal Briefings & Resources Brexit: the legal implications of a UK withdrawal from the EU Liquidity crunch spurs creative private equity deal financing in the US A cautionary tale: Court of Appeal confirms deleted words may be used as an aid to meaning More Legal Briefings & Resources Legal Jobs Chase Portland: *** Investigations/Contentious Regulatory Senior Associate *** £££ Chase Portland: Motor Prosecutions Associate (Defence), 1 -4 PQE for leading City Firm top notch Offshore Legal: Finance Associate (3-6 PQE) – JERSEY – Major Offshore Firm – URGENT HIRE! up to £110K (20% tax) More Legal Jobs

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