Latest news with #BakerMcKenzie
Time of India
6 days ago
- Business
- Time of India
Parental leave in UAE: Why companies are offering more than the law requires
TL;DR: While federal law guarantees five days of paid paternity leave, many companies are offering far more: up to six weeks for fathers and 26 full weeks for mothers. Significant employer-led changes include Deutsche Bank MENA 's two-week paternity package, and US law firm Baker McKenzie's six weeks (42 days) for dads and 52 weeks for moms. 's two-week paternity package, and US law firm Baker McKenzie's six weeks (42 days) for dads and 52 weeks for moms. The 2025 Federal National Council is reviewing proposals to extend maternity to 90 days in the private sector, aligning with evolving corporate practices. These shifts reflect a broader societal transformation supporting families, work-life balance, and gender equity in the UAE . Post-pandemic UAE is seeing a notable shift in work culture, one where parenthood and employment increasingly coexist. Beyond the five-day legal paternity leave, a host of employers in 2025 are independently expanding their leave packages. Tired of too many ads? go ad free now Deutsche Bank now provides two weeks of paid paternity leave, while Baker McKenzie offers six weeks for fathers and a full year for mothers. These private-sector advancements dovetail with a proposed 90‑day private-sector maternity leave, signaling a broader move toward family-supportive workplaces across the Emirates. Legal Framework: The UAE Baseline Under Federal Decree‑Law No. 6 of 2020, fathers in both private and public sectors legally receive five paid working days off within six months of a child's birth; mothers are entitled to 45 days fully paid maternity leave (plus 15 days at half pay). Employer-Led Leap: Progressive Parental Policies Recent corporate examples show a surge in parental benefits: Deutsche Bank (MENA) : From early 2025, offers 14 days of paid paternity leave, a major step up from the statutory minimum. : From early 2025, offers 14 days of paid paternity leave, a major step up from the statutory minimum. Baker McKenzie (UAE) : Allows 42 days for fathers and 52 weeks for mothers, 26 weeks of which are fully paid. : Allows 42 days for fathers and 52 weeks for mothers, 26 weeks of which are fully paid. Chalhoub Group & WSP Middle East: Provide 30 days and 10 days of paternity leave respectively, plus flexible schedules. These policies reflect a competitive drive to attract and retain talent in a booming economy. Proposals & Reform: 90‑Day Maternity on the Table In May 2025, the Federal National Council debated extending private-sector maternity leave to 90 days, aligning benefits with public-sector norms. The move supports the UAE's goals on women's empowerment and improved work-life balance, complementing corporate-led enhancements. Benefits: Families, Employers & Equality Strengthened leave policies provide: Enhanced family bonding: especially when fathers take leave, benefiting both parents and newborns. Employer competitiveness: standout benefits elevate company reputation in attracting global talent. Gender equity: shared caregiving duties support women's continued workplace participation. Community Response Research suggests that fathers taking leave to care for newborns benefits everyone. Studies show it strengthens the bond between father and child, aids in the baby's development, and fosters a stronger relationship between parents. Expanded paternal leave policies are well-liked across the Middle East and North Africa (86%) according to a UN Women research. In 2025, UAE's approach to parental leave is evolving rapidly. Beyond the five-day paternity legal requirement, employers are voluntarily offering weeks or months of paid leave, with proposals for extended public-sector reforms aiming to match this momentum. As companies continue raising their parental benefits bar, and legal frameworks catch up, the UAE may well redefine regional standards for family-centred workplaces.
Bloomberg
04-07-2025
- Business
- Bloomberg
Sanctions Unlocked: Strategies for Compliance in a Shift
In today's volatile geopolitical environment, financial institutions face an unprecedented challenge: staying compliant amid increasingly complex, extraterritorial, and rapidly evolving sanctions regimes. From U.S. secondary sanctions to the EU's dynamic enforcement landscape, the compliance perimeter is expanding — and the cost of failure is steeper than ever. 'Sanctions Unlocked' goes beyond regulatory updates. It provides a strategic blueprint for harnessing the power of technology, data analytics, and AI-driven risk detection to proactively manage sanctions exposure and identify evasion risks. Agenda : - Navigating the Global Sanction Landscape - Spotlight on Recent Developments and Enforcement Trends - Key Regulatory Challenges - Practical Strategies for Compliance - Technology as a game changer - Looking ahead : What's Next - Tackling Data Complexity Speakers Sven Bates Counsel for International Trade Baker McKenzie Sven Bates is Counsel for International Trade at Baker McKenzie, specialising in sanctions, export controls and other aspects of trade compliance. Sven has extensive experience in the financial services sector, and has undertaken secondments at a Tier 1 UK bank and the Lloyd's insurance market. Sven is ranked as a UK rising star in the Legal 500 and routinely speaks at compliance conferences hosted by the Financial Conduct Authority, the National Crime Agency and the London Institute of Banking, C5 and UK Finance. Sven has also previously worked for the European Commission and the UK Shadow Attorney-General. Sarvesh Chadha Head of International Sanctions Bloomberg Sarvesh Chadha is the Head of International Sanctions at Bloomberg LP, where he leads sanctions compliance across EMEA and APAC. With deep expertise in financial crime compliance, Sarvesh plays a key role in shaping strategy, governance, and risk management for one of the world's most dynamic financial technology and data firms. Before joining Bloomberg, he held SME roles across banks and brokerage firms, giving him a well-rounded view of financial crime risks in both traditional and modern financial ecosystems. What sets Sarvesh apart is not just his technical expertise, but his passion for making compliance accessible and impactful. He founded Comply Graphic, a mobile app that simplified complex regulations using visuals and animation—a clear reflection of his belief that compliance should be both engaging and effective. When not navigating the complexities of global sanctions, Sarvesh is often thinking about how to bring fresh, practical perspectives to the world of compliance. Rohan Mishra Sanctions Specialist Bloomberg Rohan Mishra is a certified sanctions specialist within the Bloomberg Data Department & a member of the ACSS Training Taskforce. Rohan leverages his deep expertise in sanctions regimes across ten jurisdictions—including the U.S., EU, and UK to develop sanctions-related data products that support both internal operations and external clients. Rohan's specialization in sanctions ownership and securities data enables him to provide transparency around the companies and financial instruments affected by global sanctions, helping stakeholders navigate complex regulatory environments and mitigate compliance risk. Regulatory Data Product Manager Bloomberg Thomas Labbe is a Regulatory Data Product Manager at Bloomberg. He is working closely with market participants, industry working groups and regulators to understand regulatory challenges and build corresponding data solutions. Based in London, he has a global remit, allowing him to understand how a particular regulation impacts other jurisdictions. Prior to joining Bloomberg in 2016, Thomas worked for 15 years at Morgan Stanley and 2 years at Jefferies in London as a trader in rates and credit products.
Reuters
16-06-2025
- Business
- Reuters
Ex-Trump DOJ official Rod Rosenstein joins law firm Baker McKenzie
June 16 (Reuters) - Former Deputy U.S. Attorney General Rod Rosenstein, who appointed Special Counsel Robert Mueller to investigate links between Russia and Donald Trump's 2016 presidential campaign, has left law firm King & Spalding for rival Baker McKenzie. Rosenstein will lead Baker McKenzie's national security team from the law firm's office in Washington, the firm said on Monday. Chicago-founded Baker McKenzie is one of the largest firms in the world with more than 4,500 attorneys. Rosenstein did not immediately respond to a request for comment about his departure from Atlanta-founded King & Spalding, which he joined in 2020 after serving as the second-in-command at the Justice Department during the first Trump administration. In a statement provided by the firm, Rosenstein touted Baker McKenzie's global presence, and anticipated working on matters including efforts to limit risk and promote compliance. At the Justice Department in the first Trump administration, Rosenstein was criticized by Trump and allies over his appointment of Mueller as special counsel leading the Russia probe. Mueller's 2019 report could not establish evidence that Trump's campaign illegally conspired with Moscow. Rosenstein's career at the Justice Department spanned decades. He also previously was the top federal prosecutor in Maryland. King & Spalding is home to former Republican-appointed Maryland U.S. Attorney Robert Hur, who is now defending Harvard in its clash with the Trump administration. The firm hired former Obama-era U.S. Deputy Attorney General Sally Yates in 2018. In a statement, King & Spalding on Monday thanked Rosenstein for his work at the firm. Read more: Law firm King & Spalding defeats lawsuit over lawyer diversity program Law firm King & Spalding taps ex-Biden officials in string of new hires Former Deputy Attorney Rod Rosenstein joins the law firm King & Spalding
Yahoo
11-06-2025
- Business
- Yahoo
Notice of Extra General Meeting in Biovica International AB
UPPSALA, SE / / June 11, 2025 / Biovica International (STO:BIOVIC-B)(STO:BIOVIC.B)(FRA:9II) - The shareholders of Biovica International AB, reg. no. 556774-6150 (the "Company"), are hereby invited to the extra general meeting to be held on Monday 14 July 2025, at 10:00 CET at Baker McKenzie Advokatbyrå on Vasagatan 7, 101 23 Stockholm. Right to attend and notificationShareholders who wish to attend the extra general meeting must: i. on the record date, which is Friday 4 July 2025, be registered in the share register maintained by Euroclear Sweden AB; and ii. notify the Company of their participation and any assistants (no more than two) in the extra general meeting no later than on Tuesday 8 July 2025. The notification shall be in writing to Baker McKenzie Advokatbyrå, Attn: Simon Olofsson, Box 180, 101 23 Stockholm or via e-mail to The notification should state the name, personal/corporate identity number, shareholding, share classes, address and telephone number and, when applicable, information about representatives, counsels and assistants. When applicable, complete authorization documents, such as registration certificates and powers of attorney for representatives and assistants, should be appended the notification. Nominee sharesShareholders, whose shares are registered in the name of a bank or other nominee, must temporarily register their shares in their own name with Euroclear Sweden AB in order to be entitled to participate in the general meeting. Such registration, which normally is processed in a few days, must be completed no later than on Friday 4 July 2025 and should therefore be requested from the nominee well before this date. Voting registration requested by a shareholder in such time that the registration has been made by the relevant nominee no later than on Tuesday 8 July 2025 will be considered in preparations of the share register. Proxy represented by proxy shall issue dated and signed power of attorney for the proxy. If the proxy is issued by a legal entity, attested copies of the certificate of registration or equivalent authorization documents, evidencing the authority to issue the proxy, shall be enclosed. The proxy must not be more than one year old, however, the proxy may be older if it is stated that it is valid for a longer term, maximum five years. A copy of the proxy in original and, where applicable, the registration certificate, should in order to facilitate the entrance to the general meeting, be submitted to the Company by mail at the address set forth above and at the Company's disposal no later than on Tuesday 8 July 2025. The proxy in original and, when applicable, the certificate of registration must be presented at the general meeting. Certificate of proxies are also accepted. A proxy form will be available on the Company's website, and will also be sent to shareholders who so request and inform the Company of their postal address. Draft agenda Opening of the meeting. Election of chair of the meeting. Preparation and approval of the voting list. Election of one or more persons to certify the minutes. Examination of whether the meeting has been properly convened. Approval of the agenda. Resolution regarding amendments of the articles of association. Resolution regarding approval of the board of directors' resolution on a rights issue of shares. Resolution regarding approval of the board of directors' resolution on a directed issue of warrants. Resolution regarding authorization for the board of directors to resolve on oversubscription issue. Closing of the meeting. Proposed resolutions Item 2: Election of chair of the meetingThe board of directors proposes that Carl Svernlöv, attorney at law, at Baker McKenzie Advokatbyrå is appointed as chair of the general meeting or, in his absence, the person appointed by him. Item 7: Resolution regarding amendments of the articles of associationThe board of directors of the Company proposes that the extra general meeting resolves to amend the Company's articles of association as follows: It is proposed that the articles of association's limits for the share capital is amended from a minimum of SEK 3,000,000 and a maximum of SEK 12,000,000 to a minimum of SEK 11,000,000 and a maximum of SEK 44,000,000. The articles of association, § 4, will thereby have the following wording: "The share capital shall be no less than SEK 11,000,000 and not more than SEK 44,000,000." It is further proposed that the articles of associations limits for the number of shares is amended from a minimum of 45,000,000 and a maximum of 180,000,000 to a minimum of 170,000,000 and a maximum of 680,000,000. The articles of association, § 5, will thereby have the following wording: "The number of shares shall be not less than 170,000,000 and not more than 680,000,000." It is further proposed that the board of directors or a person appointed by the board of directors shall be authorized to make such minor adjustments in the above resolution that may be required in connection with the registration with the Swedish Companies Registration Office. A resolution in accordance with this item is conditional upon that the extra general meeting approves the board of directors' resolution on a rights issue of shares in accordance with item 8, approves the board of directors' resolution on a directed issue of warrants in accordance with item 9, and resolves on authorization for the board of directors to resolve on oversubscription issue in accordance with item 10. Item 8: Resolution regarding approval of the board of directors' resolution on a rights issue of sharesThe board of directors of the Company proposes that the extra general meeting resolves to approve the board of directors' resolution on 11 June 2025 on a rights issue of a maximum of 127,122,299 shares as follows: The subscription price to be paid for each share shall be SEK 0.63, in total SEK 80,087,048.37 if all shares are subscribed for. The share premium shall be transferred to the non-restricted share premium fund. Through the new share issue, the Company's share capital may be increased by a maximum of SEK 8,474,819.939184. Those who on the record date 16 July 2025 are recorded as a holder of shares in the share register kept by Euroclear Sweden AB shall have a preferential right to subscribe for new class A shares or class B shares at a subscription price of SEK 0.63 per share. Shareholders receive 1 subscription right for each share held as of the record date. 10 subscription rights entitles the holder to subscribe for 13 new shares in the rights issue. Subscription for shares with subscription rights shall be made by payment in cash during the period from 18 July 2025 up until and including 1 August 2025. Subscription for shares without subscription rights shall be made on a subscription list during the period from 18 July 2025 up until and including 1 August 2025. Payment for shares subscribed for without subscription rights shall be made no later than three days following issue of a transfer note that include a decision of allotment. The board of directors is entitled to extend the subscription period and the last day for payment. Allotment will be made firstly to shareholders of class A and class B shares who have preferential subscription rights to new shares of the same class pro rata to their existing shareholding (primary preferential right). Secondly , shares not subscribed for by exercising primary preferential rights shall be offered to all shareholders (secondary preferential right). If the entire number of shares subscribed for by exercising secondary preferential rights cannot be issued, the shares shall be allotted between the subscribers pro rata to their existing shareholding, and if this is not possible, by drawing lots. In the event of a sale or transfer of subscription rights (the primary preferential right), the secondary preferential right is transferred to the new holder of the subscription right. Thirdly , shares will be allotted to others who have registered to subscribe for shares in the rights issue without subscription rights and, in the event that they cannot obtain full allotment, allotment shall be made in proportion to the number of shares which each of the subscribers have applied to subscribe for and, to extent that this cannot be done, by drawing of lots. Finally , allotment of the remaining shares shall be made to the investors who have provided guarantees and in accordance with the conditions of their respective guarantee and on a pro rata basis in relation to their respective guarantee. In the event that a person subscribes for shares that result in the person's total shareholding exceeds a limit that means that the person's acquisition will be subject to reporting under the Swedish Foreign Direct Investments Screening Act (2023:560), allotment shall initially only be made to a level where the person falls below the said limit, and allotment of the excess amount of the subscription shall be conditional on the person obtaining the necessary approvals under the Act (2023:560). The new shares will entitle to dividends for the first time on the record date for dividends that occurs following the registration of the new shares with the Swedish Companies Registration Office and Euroclear Sweden AB. The board of directors or anyone appointed by the board of directors is given the right to make the adjustments necessary in connection with the registration of the resolution at the Companies Registration Office and Euroclear Sweden AB. A resolution in accordance with this item is conditional upon that the extra general meeting resolves on amendments of the Company's articles of association in accordance with item 7, approves the board of directors' resolution on a directed issue of warrants in accordance with item 9, and resolves on authorization for the board of directors to resolve on oversubscription issue in accordance with item 10. Item 9: Resolution regarding approval of the board of directors' resolution on a directed issue of warrantsThe board of directors of the Company proposes that the extra general meeting resolves to approve the board of directors' resolution on 11 June 2025 to issue a maximum of 83,291,780 warrants of series TO 4 B, which may result in a maximum increase in the Company's share capital of SEK 5,552,785.337167. The warrants shall entitle to subscription of new class B shares in the Company. The following terms shall apply to the issuance: Right to subscribe for the warrants shall, with deviation from the shareholders' preferential rights, be granted to the guarantors in the rights issue who are entitled to guarantee compensation with one issued warrant in the Company for each share guaranteed in the rights issue. The warrants shall be made on a separate subscription list no later than on 1 August 2025. The board of directors is entitled to extend the subscription period. The warrants are issued at no consideration. One warrant of series TO 4 B entitles to subscription of one new class B share in the Company during the period from registration of the warrants with the Swedish Companies Registration Office up to and including 30 June 2030, at a subscription price of SEK 0.95 if the warrant is exercised up to and including 30 June 2028, and at a subscription price of SEK 1.25 if the warrant is exercised during the period from 1 July 2028 up to and including 30 June 2030. Upon subscription of class B shares, the part of the subscription price that exceeds the quotient value of the previous shares shall be allocated to the non-restricted share premium fund. The complete terms and conditions for the warrants of series TO 4 B will be available at the Company and on the Company's website at least two weeks in advance of the extra general meeting, including conditions regarding re-calculation, in certain cases, of the subscription price and the number of shares a warrant entitles to. A new share subscribed for by exercise of a warrant has a right to dividends as of the first record day for dividends following registration of the new share issue with the Companies Registration Office and after the share has been registered in the share register maintained by Euroclear Sweden AB. The board of directors has carefully considered the possibility of financing the operations solely through the rights issue, but has concluded that the chosen structure is the best alternative for the Company and its shareholders. The board of directors considers it advantageous that the guarantors under the guarantee have the right to subscribe for free warrants of series TO 4 B as the warrants constitute an integral and essential part of the compensation for the guarantee commitments which includes a right and obligation for the guarantors to subscribe for shares in the Company corresponding to the guaranteed amount, regardless of whether such subscription takes place under the rights issue or, in the event that the guarantors do not receive full allotment under the rights issue, through an oversubscription issue. The board of directors considers that the implementation of the rights issue without the directed issue of warrants of series TO 4 B and the potential oversubscription issue, would entail a risk that the Company would lose potential financing opportunities from long-term investors. Furthermore, the board of directors, in consultation with its financial advisors, considers that the alternative of carrying out a rights issue with customary terms and conditions and external guarantors would have entailed a higher dilution, a higher discount and a lower secured contribution of net proceeds - with the consequence that the financial targets set by the Company in connection with this issue could not reasonably have been achieved without additional financing. In light of the above, the board of directors considers, after an overall assessment, that the rights issue, in combination with the directed issue of warrants and the potential oversubscription issue, is the most advantageous alternative for the Company to raise capital in a cost and time efficient manner to strengthen the Company's financial position, while maintaining the most value in the Company and being most favorable for the Company's shareholders. The remuneration in the form of issued warrants free of charge has been determined in consultation with financial advisors and after arm's length negotiations with potential underwriters. Against this background, the board of directors is of the opinion that the remuneration has been determined on market terms and is deemed to reflect prevailing market conditions. The board of directors or anyone appointed by the board of directors is given the right to make the adjustments necessary in connection with the registration of the resolution at the Companies Registration Office and Euroclear Sweden AB. A resolution in accordance with this item is conditional upon that the extra general meeting resolves on amendments of the Company's articles of association in accordance with item 7, approves the board of directors' resolution on a rights issue of shares in accordance with item 8, and resolves on authorization for the board of directors to resolve on oversubscription issue in accordance with item 10. Item 10: Resolution regarding authorization for the board of directors to resolve on oversubscription issueThe board of directors of the Company proposes that the extra general meeting resolves to authorize the board of directors to, during the period up until the next annual general meeting, on one or more occasions, resolve to issue a maximum of 83,291,780 class B shares with deviation from the shareholders' preferential rights, provided that the guarantors who have applied for subscription in the rights issue of shares have not received full allotment, who shall be entitled and obliged to subscribe for shares pursuant to the authorization in accordance with guarantee commitments. The board of directors shall have the right to determine that payment may be made by way of set-off or otherwise with conditions. The subscription price for shares issued pursuant to the authorization as well as the terms and conditions for such issue shall, where applicable, correspond to those applicable to the rights issue. The reason for the deviation from the shareholders' preferential rights is that the Company shall be able to fulfill its obligations under separate agreements with guarantors in connection with the rights issue. The board of directors or a person appointed by the board of directors shall be authorized to make such minor adjustments in the above resolution that may be required in connection with the registration with the Swedish Companies Registration Office. A resolution in accordance with this item is conditional upon that the extra general meeting resolves on amendments of the Company's articles of association in accordance with item 7, approves the board of directors' resolution on a rights issue of shares in accordance with item 8, and approves the board of directors' resolution on a directed issue of warrants in accordance with item 9. Majority requirementsResolutions in accordance with item 7, item 9 and item 10 are valid only where supported by shareholders holding not less than two-thirds of both the shares voted and of the shares represented at the general meeting. Number of shares and votesThe total number of shares and votes in the Company as of the date of this notice amounts to 97,786,384 shares and 110,328,970 votes, divided into 6,271,293 class A shares carrying 18,813,879 votes and 91,515,091 class B shares carrying the same number of votes. The Company holds no own shares. OtherProxy form, the complete proposals, including the proposed new articles of association, and other documents that shall be available in accordance with the Swedish Companies Act are available at least two weeks in advance of the meeting. All documents are available at the Company and at the Company's website and will be sent to shareholders who request it and provide their e-mail or postal address. The shareholders are hereby notified regarding the right to, at the extra general meeting, request information from the board of directors and the managing director according to Ch. 7 § 32 of the Swedish Companies Act. Processing of personal dataFor information on how personal data is processed in relation the meeting, see the Privacy notice available on Euroclear Sweden AB's website: . * * * * * Uppsala in June 2025Biovica International ABThe board of directors Contact Anders Rylander, CEOPhone: +46 76 666 16 47E-mail: Anders Morén, CFOPhone: +46 73 125 92 46E-mail: Biovica - Treatment decisions with greater confidence Biovica develops and commercializes blood-based biomarker assays that help oncologists monitor cancer progression. Biovica's assay, DiviTum® TKa, measures cell proliferation by detecting the TKa biomarker in the bloodstream. The assay has demonstrated its ability to provide insight to therapy effectiveness in several clinical trials. The first application for the DiviTum® TKa test is treatment monitoring of patients with metastatic breast cancer. Biovica's vision is: "Improved care for cancer patients." Biovica collaborates with world-leading cancer institutes and pharmaceutical companies. DiviTum® TKa has received FDA 510(k) clearance in the US and is CE-marked in the EU. Biovica's shares are traded on the Nasdaq First North Premier Growth Market (BIOVIC B). FNCA Sweden AB is the company's Certified Adviser. For more information, please visit: Attachments NOTICE OF EXTRA GENERAL MEETING IN BIOVICA INTERNATIONAL AB SOURCE: Biovica International View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
09-06-2025
- Business
- Economic Times
Baker McKenzie appoints Sunny Mann as next Global Chair
Global law firm Baker McKenzie has elected Sunny Mann, head of its international trade practice group, as the firm's next Global Chair. He will take over the reins in October for a four-year term, succeeding Milton Cheng, who has led the firm since advises companies on compliance and investigations regarding export controls, trade sanctions and anti-bribery rules, working from London, New York and Washington also chairs Baker McKenzie's Geopolitical Risks Taskforce and oversaw the Firm's support to clients responding to Russia's invasion of Ukraine. The team was at the forefront of the market, having advised around one quarter of each of the Fortune 100, FTSE 100, CAC 40 and DAX 40 communities on geopolitical disruption, including responding to the Russian invasion and the ongoing trade and tariff wars.'It is an immense privilege to have been elected by my fellow partners to the role of Global Chair in our great Firm. Over its 75 years' history, our Firm made its name supporting clients to navigate cross-border complexity,' said Sunny Mann, Firm Chair-Elect. 'Given the levels of change and market disruption we are now witnessing around the world, I am confident that with our unparalleled international reach, there is no firm better placed to support clients navigate the complex and turbulent demands of our current global climate,' he added. In his new role, Mann will be part of the firm's global management committee, which will see an expanded leadership structure effective 1 July 2025. The committee will include regional CEOs Alex Chadwick (EMEA), Colin Murray (Americas), and Steven Sieker (Asia Pacific), along with partners Scott Brandman, Amar Budarapu, Pamela Church, Matthew Dening, Andre Gan, Karen Guch, Isabella Liu and Christian Vocke, reflecting the firm's diverse global footprint. 'I am grateful to Milton, our current Chair, and the outgoing leadership team for their years of dedicated service. I very much look forward to working alongside the incoming Global Management Committee,' said Mann in a media release. 'Above all, I am excited to collaborate with my 13,000+ brilliant colleagues across over 70 offices globally, and it is this collective, pan-global strength that gives me great optimism for our future,' he added. The leadership transition comes at a time when global law firms are navigating an increasingly complex regulatory and geopolitical landscape, with clients seeking strategic legal counsel across jurisdictions. Baker McKenzie is among the world's largest law firms, with about $3.4 billion in gross revenue last year. The firm employs over 4,500 lawyers through the Swiss Verien model.
