Dewey & LeBoeuf and Linklaters have scored leading roles on the debut note listing of state-owned Russian bank Vnesheconobank (VEB). The $1bn (£660m) Irish listing is the first part of a $30bn loan participation notes (LPN) agreement, with a second rouble-denominated listing to match the dollar offering believed to be ready to launch. Corporate partner Louise Roman Bernstein led the […]
The head of legal at Invesco Perpetual is leaving the fund management house to join Dechert’s fledgling Dublin office. The head of legal at Invesco Perpetual is leaving the fund management house to join Dechert’s fledgling Dublin office. Michelle Moran joined Invesco in 2002 and headed the legal team in the UK and Ireland, where […]
With more than a million participants, Pride has now become one of the biggest parades in the country. And yet up until a year ago it never had formal representation from the legal profession, when around 40 turned out. This year that figure trebled thanks to a number of different interest groups such as Interlaw, […]
Taylor Wessing has hired Jean-Michel Beeching from KPMG for the newly created role of global business development director. Beeching, who is trilingual, will be charged with overseeing the marketing needs of the French, German and UK strands of the business ahead of further potential integration. At KPMG Beeching was director of marketing and communications. Prior […]
Slaughter and May has scored a new mandate advising builders’ merchant Travis Perkins on its £558m takeover of BSS Group. Corporate partner Robert Stern and M&A head Stephen Cooke led on the deal, which was agreed last week. They were assisted by finance associate Mark Dwyer, together with corporate associates Iqbal Hussain and Matthew Poxon. […]
Eversheds, Hogan Lovells and Linklaters have acted on the £415m Belmarsh West Prison PFI ahead of Government plans to cut the £4bn prisons budget. The deal, which was signed last week, is the first to be awarded to an alliance of private and voluntary sectors. The Serco-led consortium, advised by Hogan Lovells, also included voluntary organisations Turning Point and Catch22. Construction work on the Category B prison, […]
Linklaters and Slaughter and May and have advised on an innovative deal that will see drinks company Diageo use maturing whisky to help plug its £862m pension deficit. The company turned to longstanding adviser Slaughters on the deal, which will see more than £500m worth of the spirit placed into a pension funding vehicle. The firm’s finance deputy […]
Last week Linklaters reported its financial results for 2009-10, revealing the biggest fall in average profit per equity partner (PEP) of any of the top 10 UK firms.
The shrinking starts here: as we report today, total revenue for the UK top 30 was £10.84bn, down half a billion from last year’s figure of £11.36bn. So are the days of City growth over? Certainly, global law firm partners are fond of saying that London will become less dominant in overall turnover, with future […]
The three firms vying to take over Halliwells are expected to pay a total of £9m for the business, as the firm’s bank RBS renewed its overdraft facility ahead of pay day. Hill Dickinson is thought to be paying £1.5m for the Liverpool office, including Halliwells managing partner Jonathan Brown, and wants to impose a four-year […]
SJ Berwin has ramped up its merger talks with Proskauer Rose, with the two firms setting up a series of get-togethers between practice groups following a partnership meeting at the City firm last month. Previously only a small group of senior SJ Berwin partners had been involved in the discussions with their US counterparts. The […]
Two-thirds of top 30 see increase in PEP; total revenue down 4.5 per cent; Clifford Chance regains top spot