Legal/Compliance

Newly appointed CEO Mike McNamara replaces current co-chief executive officers Jeff Haidet and Peter Wolfson, who will both assume chair positions at the law firm.

As a result of the two departures, Ashurst has restructured its office in Brussels, appointing a new office managing partner and head of Brussels.

The newly promoted lawyer – whose clients include HarbourVest Partners and Partners Group – will be responsible for leading the law firm’s secondaries efforts in Europe.

Tillage Commodities Fund claims SS&C was showed ‘gross negligence’ over a series of wire transfers that resulted in $5.9m in losses for the fund.

In addition to private equity, a quarter of law firms believe that high net worth individuals or family offices will also become an important source of external funding in the next few years, according to new research.

A Chicago bankruptcy judge has approved the request from the creditors of Caesars Entertainment Operating Co to review the personal financial information of the private equity firm executives.

The private equity firm – which has been charged with allegedly allocating expenses to funds without telling its LPs – has also reimbursed investors more than $7m.

The law firm has launched a new unit to help clients ‘manage the risks of 21st century business’.

The former Park Hill partner - who pleaded guilty to defrauding investors of $38.5 million – has been permanently banned from working in the private equity industry.

Dalia Blass, who joins Ropes & Gray from the regulator’s Division of Investment Management, is the second SEC lawyer the firm’s Washington, DC office has appointed this year.