Clifford Chance has adapted how it calculates its associate bonuses in what is being described as a “move towards” a more U.S.-style associate bonus pay structure, according to several people close to the matter. One of the people said that, while the firm continues to champion “well-rounded” performances from its juniors,…

A defense team at Gibson, Dunn & Crutcher scored a win for HSBC Holdings in a trade secret theft suit launched by First Citizens Bank and Trust Company in the aftermath of Silicon Valley Bank’s 2023 collapse. In an order released Tuesday in the California Northern District Court, Magistrate Judge Laurel Beeler dismissed most…

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Allen & Overy’s financial results show that the firm made pre-tax profits of £1 billion in the year before its merger with Shearman & Sterling to form A&O Shearman. This an increase of over 17.2% on the £892 million profit made by the firm in 2023.

Tax and deal lawyers are preparing for enhanced regulatory oversight of wealthy clients engaging in what the Internal Revenue Service considers “abusive” basis-shifting transactions, following last month’s proposed rules by the tax collecting agency. Not only would the new rules enhance disclosure requirements for high net-worth clients, but the lawyers and accountants who advocate for alleged tax…

A Nasdaq-traded technology company for blockchain and computing is facing an eight-figure lawsuit in a federal district court in Manhattan over its alleged breach of a binding contractual obligation pursuant to a term sheet it executed in April in solicitation of $100 million in financing from an investment firm. Andrew…