KWM Europe administration confirmed amid further senior exit

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KWM Europe administration confirmed amid further senior exit
The European arm of King & Wood Mallesons has filed court papers stating that it is preparing to appoint administrators in a move which is “designed to protect the firm from its creditors and allows it to maintain client service as it continues to explore all available options’.

The Law Society Gazette says that another senior KWM Europe partner is leaving the ailing firm to join Keystone Law. Jeremy Schrire was the firm’s head of two teams, commerce & technology and consumer & retail.
Ashurst partners vote for annual payments
Global partners at Ashurst will receive annual profit payments instead of the quarterly payments, bringing a unified approach across the firm.

There was widespread support for the move, which had been discussed at the time of the merger of the firm with legacy Australian firm Blake Dawson. The harmonized payments will begin in May 2017.
HSF advises on Melbourne shopping centre deal
A team from the real estate practice of Herbert Smith Freehills has advised M&G Real Estate Asia PTE on its acquisition of Casey Central Shopping Centre, south east of Melbourne.

The team working on the $220 million deal was led by David Sinn, supported by senior associate Emily Peverill, solicitor Stephanie McSwiney and graduate Amari Romero.
Take a break for Christmas says lawyers’ charity
A charity that focuses on the wellbeing of legal professionals is urging lawyers to switch off and take a real break over Christmas.

LawCare says that the festive season can increase stress before the office closes due to Christmas parties and the rush to complete work before the break.

The UK-based charity says that lawyers should try to take a genuine break by not answering calls, especially from the office; resisting the urge to check emails; and ensuring that colleagues who are looking after matters are well briefed so they won’t need to contact you.