History of LAWorld

LAWorld was established in 1997 when several prominent European lawyers, all members of the International Bar Association, met in London at the invitation of an English law firm, Kenneth Elliott & Rowe. These firms formed LAWorld, a legal network of mid sized European law firms who were able to communicate quickly and effectively using the latest internet technology. Email was a critical route to connect these lawyers to quality cost efficient legal advice for their international clients throughout Europe.

LAWorld Ltd is a company registered in the UK.

In 1999 the network was expanded to welcome member firms from The Americas and Asia/Pacific regions and has continued to grow every year since.

To facilitate overall administration and to develop marketing initiatives for the network, the network has an Executive Office based in Europe.

Members meet in person at least once a year at the annual conference and AGM and also at Regional meetings and through the International Bar Association Conferences.

The future

The principal aim for LAWorld is to focus on strategic member expansion in new jurisdictions, develop effective marketing programmes for its members and continue its commitment to delivering quality legal services anywhere in the world.

LAWorld News

Activism continues to grow and be a force in corporate America and beyond

Shareholder activism continues to enjoy widespread credibility as an asset class unto itself and New York law firm, Olshan Frome Wolosky LLP and its Activist & Equity Investment Practice are excited to again be partnering with publisher Activist Insight, who produce the most comprehensive information source on activist investments worldwide.  

Half-Year Review 2015 shares unique insights and takeaways from the 2015 Proxy Season and looks at what lies ahead for this dynamic and vibrant space.  "By all accounts, 2015 is the year shareholder activism has cemented itself as the 'new normal' in corporate America." say Olshan partners - Steve Wolosky and Andrew Freedman.

Indeed, Olshan clients continued to make headlines in some of the most prominent activist campaigns of 2015.  Notably, Olshan advised H Partners in its successful, precedent-setting withhold campaign against Tempur Sealy, helped Marathon Partners win Board seats at Shutterfly in a contest that saw the largest negative say-on-pay vote in recent years, and led Engaged Capital's proxy fight at Rovi Corp. where the Chairman was ousted.

Already the law firm that advises on the largest number of public campaigns, Olshan says the number of campaigns it has worked on has risen 20% in 2015.

Commenting on the report, Activism Monthly editor Josh Black said, "Activism has continued to be a powerful force in corporate life in 2015. With M&A at elevated levels, new strategies are opening to activists who either feel that companies should seek a buyer, or that deals involving companies companies they are invested in undervalue their stakes."

The US continues to be the global hotspot for activism, with 216 companies subjected to public demands by activists in the first half of 2015. However, with 31 activist targets in Europe (including Vivendi, Alliance Trust, and Bilfinger Berger), 21 in Canada and 10 in Asia (e.g. Fanuc, Samsung C&T) in the past six months, activism continues to be a global phenomenon.

To date in 2015, Olshan has already advised on 46 activist campaigns, delivered 40+ nomination letters, negotiated 30 settlements, and has helped clients get board seats at 34 public companies.  

Where Starboard-Darden was the most widely-followed contest of 2014, this year it was Trian-DuPont. Trian was ultimately defeated (just barely) in its high-profile proxy contest at DuPont. For 2015, the proportion of activist demands that were at least partially satisfied is slightly higher than at the same point last year (2015 = 67%, 2014 = 65%). However, with half the demands made in the first six months of this year still yet to be resolved, there is considerable scope for that figure to change.  But the Trian-DuPont outcome is unlikely to stop activists from targeting more companies next year, however, with assets under management for funds with a dedicated focus on activism increasing to $160 billion in 2015. The total amount of money invested globally in "active" positions is around $308 billion, according to the data.

Business News

Honeywell to buy Melrose's Elster business for $5.1 billion
Tue, 28 Jul 2015 07:36:26 GMT
(Reuters) - Honeywell International Inc said it would buy the utility consumption meter business of ...
Hikma to buy Boehringer's U.S. generics unit for $2.65 billion
Tue, 28 Jul 2015 07:25:25 GMT
(Reuters) - Hikma Pharmaceuticals Plc said it would buy German drugmaker Boehringer Ingelheim's U.S....
BP misses second-quarter profit forecast on spill charge
Tue, 28 Jul 2015 07:24:43 GMT
LONDON (Reuters) - BP's second-quarter profits missed expectations on Tuesday after the British oil ...
Asian stocks edge up despite fresh China market volatility
Tue, 28 Jul 2015 06:19:40 GMT
HONG KONG (Reuters) - Asian stocks rose from the day's lows on Tuesday as Chinese shares see-sawed a...

Upcoming Events

LAWorld Annual Conference (Cape Town) from 5pm on Tuesday the 5th of April, 2016 to 2pm on Friday the 8th of April, 2016

Europe/Middle East Regional Meeting and Lawyers Next Generation (Bratislava) from 5pm on Friday the 5th of February, 2016 to 5pm on Saturday the 6th of February, 2016

North and South America Regional Meeting (Miami) from 6pm on Wednesday the 11th of November, 2015 to 2pm on Friday the 13th of November, 2015

Europe/Middle East Regional Meeting and Lawyers Next Generation (Milan) from 5pm on Friday the 18th of September, 2015 to 5pm on Saturday the 19th of September, 2015

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