Ashurst parachutes projects ace into NY subscription
Ashurst will launch its New York project finance team with energy, transport and infrastructure partner Jason Radford, who is relocating to the US at the end of the summer.
Focus: Linklaters and Gianni, Friendly fire subscription
Linklaters’ battle with former Italian ally Gianni over the Credit Suisse-Parmalat negligence action highlights the dangers inherent in referring instructions
Langleys’ equine law boss is a firm favourite subscription
When law firms talk about hiring winners, it is rare for them to be speaking quite as literally as Yorkshire outfit Langleys does when describing the new head of its equine law practice.
Martineau moots merger with London's Sprecher Grier subscription
Birmingham-based firm Martineau and London firm Sprecher Grier Halberstam have announced that thy are in merger talks. The tie-up would create a combined entity with a £31m turnover.
Camerons and Freshfields lead on £8bn pharma deal subscription
CMS Cameron McKenna and Freshfields Bruckhaus Deringer secured prize mandates on the €9.6bn (£8.4bn) sale of Swiss drug company Nycomed to the Japanese Takeda Pharmaceutical Company.
Dewey & LeBoeuf has moved into the London private equity market with a double swoop on Taylor Wessing.
Freshfields Bruckhaus Deringer has announced a marginal increase in its associate salaries, with pay rising between 2 and 3 per cent for lawyers in their first three years following qualification.
Freshfields Bruckhaus Deringer has continued to expand its US litigation presence with the hire of Kramer Levin Naftalis & Frankel partner Timothy Harkness.
Taylor Wessing has looked to rival firms SJ Berwin and Squire Sanders Hammonds as it continues the expansion of its IP practice.
Linklaters appoints new co-heads for US practice subscription
Linklaters has appointed Jeff Norton and Conrado Tenaglia as co-managing partners for the US, succeeding Larry Byrne and Nick Rees in the roles after they completed a four-year term.
Mobile giant Three announces new regulatory chief subscription
Mobile phone network Three has hired a new legal chief for its competition and regulatory arm from rival operator Everything Everywhere.
Ashurst seals Lloyds’ loyalty with treble placement subscription
Ashurst has cemented a burgeoning relationship with Lloyds Banking Group by committing a three-lawyer team to an extended placement at the bank on what a source described as a “balance-sheet management project”.
Awards contenders show corporate is still a big deal subscription
This year’s deals highlight the West to East shift in the balance of economic power, says Gavriel Hollander
Clifford Chance has fielded an Anglo-German team on a mandate advising German printing press manufacturer Heidelberg Druckmaschinen Aktiengesellschaft on its inaugural high-yield debt issue as part of an €800m (£700m) refinancing package.
Clyde & Co’s energy group has won a major mandate after being appointed to advise Lukoil Mid-East in support of the development of its West Qurna-2 oilfield in Iraq.
Clydes joins Akin Gump, CC on Lukoil’s ME panel subscription
Russian oil producer Lukoil has appointed a three-firm panel for its upstream Middle East subsidiary Lukoil Middle East after winning a contract to develop a major Iraqi oilfield.
Sports boutique Onside Law has landed a major mandate after advising Ryder Cup Europe on the bidding process to decide the host for the 2018 staging of the biennial golf tournament.
Linklaters has become the latest magic circle firm to freeze its associate salary bands for the 2011-12 financial year, holding them at the same level for a second consecutive year.
Travers Smith has made up a part-time partner for the first time as part of a five-strong promotion round.
Stephenson Harwood has broken the £100m turnover barrier for the first time after posting a 16 per cent revenue increase for the 2010-11 financial year.
Norton Rose has created two high-level non-lawyer positions in its IT and knowledge management functions.
Osborne Clarke makes up five to partnership subscription
Osborne Clarke has promoted five lawyers into its partnership in its biggest promotion round since 2007.
Banking status elevated as Links votes in Elliott subscription
The election of global head of banking Robert Elliott as senior partner at Linklaters represents the apotheosis of a practice that once played second fiddle to the firm’s corporate base.
City firms seek places on SocGen’s global panel subscription
French investment bank Société Générale has launched a global panel review, with a number of City firms expected to bid for places on the coveted roster.
Kirkland helps Teva win bid battle for Cephalon subscription
US firms Kirkland & Ellis and Skadden Arps Slate Meagher & Flom snared the prize mandates on the $6.8bn (£4.12bn) sale of biopharmaceutical company Cephalon to rival drugs giant Teva.
Lockstep on radar as Links’ new chief takes reins subscription
Linklaters’ senior partner-elect Robert Elliott has hinted that the firm’s lockstep system could be open to change following an election in which the issue was raised repeatedly.
Maclay uses new laws to protect Scotch whisky brand subscription
Maclay Murray & Spens and Axiom Advocates acted for the Scotch Whisky Association (SWA) against a drinks manufacturer that branded its products falsely as Scotch whisky.
Macfarlanes has won an instruction acting for Montagu Private Equity on the creation of its e2.5bn (£2.25bn) pan-European buyout fund.
Norton Rose has expanded its burgeoning Africa practice with two major corporate partner hires ahead of its South African merger next month with Deneys Reitz.
Gianni turns to Camerons to defend Linklaters claim subscription
Gianni Origoni Grippo & Partners has instructed CMS Cameron McKenna as it battles a professional negligence claim brought against it by former alliance partner Linklaters.
SJ Berwin promotes eight to partnership subscription
SJ Berwin has made up eight new partners in its 2011 promotions round, one more than last year’s figure.
Osborne Clarke has revealed revenue growth of 8 per cent for the 2010-11 financial year.
Macfarlanes unveils Meek as new corporate head subscription
Macfarlanes has named Charles Meek as its new head of corporate, replacing Kevin Tufnell who has completed three years in the job.
Clifford Chance brings in OFT enforcement head subscription
Clifford Chance has boosted its City antitrust practice with the hire of Office of Fair Trading (OFT) competition enforcement head Alastair Mordaunt as a partner.
Slaughters pushes associate salaries up 2 per cent subscription
Slaughter and May has increased associate salaries by an average of 2 per cent following its bi-annual pay review.
HBJ Gateley Wareing has unveiled a new name as part of a rebranding exercise.
Clifford Chance has put Asian expansion to the core of its strategy in this year’s round of partnership promotions, with more than half of its 23 new partners coming from the continent.
Elliott triumphs in Linklaters senior partner race subscription
Linklaters has elected Robert Elliott as its new senior partner, replacing David Cheyne after a three-way fight for the role.
Camerons announces 16 promotions, with UK focus subscription
CMS Cameron McKenna has appointed 16 new partners, with 14 of the promotions coming in the UK offices.
Ashurst, SNR Denton land Centrica-Qatargas deal subscription
Ashurst and SNR Denton have advised on a £2bn tie-up between British Gas parent company Centrica Energy and Qatargas.
Clifford Chance, Hogan Lovells and Travers Smith secured the top mandates on Barclays Private Equity’s (BPE) £119m acquisition of post-production business The Mill.
Top firms anticipate another year in the doldrums this results season; picture more positive away from City giants
Elite firm appreciates the value of backing a winning sports team. By Gavriel Hollander
Taylor Wessing mulls due diligence spin-off subscription
Taylor Wessing’s new in-house due diligence division, which the firm launched last week (The Lawyer.com, 20 April), could be spun out as a separate business in a move that represents a challenge to outsourcers.
SJ Berwin scraps associate lockstep subscription
SJ Berwin has become the latest firm to abandon the associate lockstep model as it moves to a merit-based remuneration system.
Burges Salmon sets up low-tax vehicle for staff subscription
Burges Salmon is set to transfer its entire non-partner staff base to a newly created service company in an effort to cut its tax bill.
Freshfields advises Land Securities on City let subscription
Freshfields Bruckhaus Deringer has advised Land Securities on its securing of SMBC Nikko Capital Markets as the latest tenant for its high-profile City development One New Change.
Latham & Watkins, Shearman & Sterling and Weil Gotshal & Manges secured the lead mandates on The Priory Group’s acquisition of healthcare support provider Craegmoor Group.
Freshfields Bruckhaus Deringer has moved to strengthen its Chinese offering in the face of growing client demand, with two of the firm’s London partners moving to the jurisdiction.
Partner promotions at the top UK firms have gone up virtually across the board, with only one firm - Bird & Bird - seeing its promotion numbers drop.
Taylor Wessing unveils alternative to outsourcing subscription
Taylor Wessing has launched a new division offering automated data mining, due diligence and contract management services to its clients, as an alternative to outsourcing.
CMS’ international network has expanded into Albania after its Italian outlet, CMS Adonnino Ascoli & Cavasola Scamoni, snared a nine-lawyer team from Eversheds Bianchini.
Belgian adds interest to Links senior partner poll subscription
The three partners vying to replace David Cheyne as Linklaters’ senior partner put forward their cases at the firm’s partner conference in Paris earlier this month, with the contest still widely seen as too close to call.
Clifford Chance and Linklaters have snared the prize mandates on the long-awaited IPO of commodities trader Glencore.
Stephenson Harwood and Walker Morris have completed the pre-pack administration sale of the assets of AIM-listed glass and solar panel manufacturer Romag Holdings to Gentoo Group.
US firms promote as laterals prove elusive subscription
Despite the strong buying position of a number of US firms, as we report on the front page, several London offices are taking a longer term view towards organic growth.
As international practices in London perform strongly, UK firms face stiff challenge to retain top talent
A second former Clifford Chance employee has been jailed for fraud this year after former chief cashier Emma Rowsell admitted stealing £63,000 from the firm.
Freshfields names Amsterdam partner as people head subscription
Freshfields Bruckhaus Deringer has named Amsterdam corporate partner Richard Norbruis as its new global people partner, replacing Caroline Stroud who will return to fee-earning after a three-year stint in the role.
Ashurst has promoted 12 lawyers to its partnership, with only three of the new partners based in London.
Voting has opened in the Linklaters senior partner election, with insiders suggesting the race will be much closer than was initially thought.
Dewey and DLA advise on eBay's Turkish acquisition subscription
Dewey & LeBoeuf has advised online auction site eBay on its acquisition of its Turkish counterpart Gitti Gidiyor Bilgi Teknolojileri Sanayi ve Ticaret Anonim Sirketi.
CC, Slaughters win lead roles on Arsenal bid subscription
Clifford Chance and Slaughter and May have secured the leading roles on the latest international takeover of a Premier League football club following US businessman Stan Kroenke’s £731m offer for Arsenal.
Clifford Chance and Linklaters snared the prized mandates on the long-awaited IPO of commodities trader Glencore.
Linklaters has made up 18 lawyers to its partnership, with only six of the new partners coming from the London office.
Bakers HR head’s stage graft subscription
“I sometimes wonder if I’m a bit obsessive-compulsive,” says Baker & McKenzie HR director Martin Blackburn.
Bleak deals climate shows no sign of thawing in Q1 subscription
A constricted UK deals pipeline has not eased in the first quarter (Q1) of 2011, according to latest M&A advisory league tables published by Thomson Reuters.
Easter and royal wedding force firms to rethink accounting deadlines
Allen & Overy (A&O) and SJ Berwin have taken the leading mandates on the $3.2bn (£1.96bn) sale of engineering group Converteam to General Electric.
Deneys Reitz, the South African firm that will merge with Norton Rose later this year, has begun a concerted lateral hiring effort with the recruitment of four directors and four associates, including two partners from Eversheds.
Allen & Overy (A&O) and Herbert Smith have taken the mandates on a landmark outsourcing deal between Man Group and Citibank’s specialised outsourcing arm.
Focus: Travers Smith, Solo empowered subscription
Without wanting to divulge too many tricks of the trade, the standard means by which anyone can discover the skeletons in the closet at a firm is to pick up the phone to its competitors, its former partners or anyone else with an axe to grind and let them unleash years’ worth of pent-up bile.
Freshfields assigns associate to advise top brass subscription
Freshfields Bruckhaus Deringer has taken the radical step of appointing an associate-level adviser to augment its new senior management team.
Macfarlanes and SJ Berwin have claimed the leading mandates for rival private equity houses on the £215m sale of noodle bar Wagamama.
Ropes edges into City PE space with DLA capture subscription
Ropes & Gray has made a significant move into the London private equity sector with the hire of DLA Piper European private equity chief Will Rosen.
Linklaters is to launch a client forum to help develop a best practice approach to work-life balance issues at the firm.
Slaughter and May has named new heads of its financing and tax practice streams and appointed five new members to its partnership board.
Clifford Chance’s former senior partner Stuart Popham is joining Citigroup as vice-chairman of EMEA banking at the end of April.
Ashurst pushes more partners to top of lockstep subscription
Ashurst has more than doubled the number of partners at the top of its lockstep to redress the imbalance that resulted from its decision to move to a modified system four years ago.
Links turns to Slaughters on negligent advice action subscription
Links snubs insurers’ firm Clydes for separate defence on high-stakes claim
Slaughter and May and Wachtell Lipton Rosen & Katz secured the lead M&A roles on Colgate-Palmolive’s €672m (£590m) acquisition of the Sanex personal care brand from consumer products giant Unilever.
Two left in Camerons senior partner race subscription
The senior partner election at CMS Cameron McKenna will go to a third round after no overall winner was declared following a vote yesterday.
Deutsche Bank expands City legal roster subscription
Deutsche Bank has extended its list of preferred City legal advisers with at least five firms being added to the enlarged roster.
Slaughter and May has made its biggest round of promotions for four years, making up five partners in its City base.
Freshfields Bruckhaus Deringer has swooped on the Paris office of Paul Hastings to the hire a three-strong public law team headed by partner Pascal Cuche.
Angel rematerialises in SJ Berwin non-exec role subscription
After 10 years of running one of the world’s largest law firms, many people would take the chance to cut back on their workload. But not Tony Angel.
Camerons kicks off senior partner race subscription
Voting in the first round of CMS Cameron McKenna’s senior partner election is due to end today (21 March), with four candidates vying to replace incumbent Richard Price.
Freshfields Bruckhaus Deringer, Hengeler Mueller, Latham & Watkins and Sullivan & Cromwell have secured roles on a e3.2bn (£2.76bn) joint takeover offer for engine-maker Tognum by Daimler and Rolls-Royce.
Freshfields Bruckhaus Deringer has moved to diversify its New York transactional practice, adding an IP capability for the first time with the relocation of London counsel Lindsey Canning.
Linklaters launches Houston offensive subscription
Magic circle delegation scouts for prospects in Texan energy hot spot
Links partner’s Gateway to stardom subscription
Last Friday (18 March) saw the release of the latest film from independent production company Gateway Films.
A little under 10 years ago the half-dozen partners of West End firm Wallace were pondering their options. A merger - US or City - was seriously considered.
Burges Salmon has named corporate partner Alan Barr as its new senior partner, taking over from Stephen McNulty who will stand down after four years on 1 May.
Herbert Smith has been named as major projects adviser for Molson Coors as the brewing giant unveils a six-firm UK and Ireland legal panel.
Competition lawyers have offered a lukewarm response to Government proposals to streamline and improve the UK’s competition regime.
Magic circle pair Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have been joined by Spanish giant Uría Menéndez to guide Qatar Holding’s purchase of a €2.1bn stake in Iberdrola.
Former Clifford Chance managing partner Peter Cornell is to stand down from his position as chair of Terra Firma’s advisory committee.
Bupa panel to get regular check-ups subscription
Bupa is set to launch an annual consultation process for its top legal advisers as the healthcare provider looks to monitor the performances of its panel firms on a more regular basis.
Firm profile: Ansons subscription
Staffordshire firm Ansons may be young in years, but it has some reassuringly old-fashioned principles.
Freshfields’ home-grown celluloid heroes subscription
The major movie awards may be out of the way this year, but Freshfields Bruckhaus Deringer rolled out the red carpet last week for a night of cinematic celebration.
Osborne Clarke appoints City trainee contact subscription
Osborne Clarke has tasked corporate partner Kalpesh Tanna with taking responsibility for the firm’s London trainees.
Slaughters still rules the blue-chip jungle subscription
The latest Hemscott rankings reveal that the top companies’ legal adviser rosters have barely changed during the downturn. Gavriel Hollander reveals the swings and roundabouts since 2005
Angel returns to the law at SJ Berwin subscription
Former Linklaters managing partner Tony Angel has joined SJ Berwin as a non-executive director.
Osborne Clarke has won a role acting for property tycoons Robert and Vincent Tchenguiz’s R20 Group in relation to a Serious Fraud Office (SFO) investigation into the collapse of Icelandic bank Kaupthing.
Three partners are set to compete to replace Linklaters senior partner David Cheyne after the magic circle firm’s international board reduced its original five-strong long list.
Ashurst and LG scoop lead roles on £756m CGNPC offer subscription
Ashurst and Lawrence Graham (LG) have snared the lead roles on a deal that marks one of the first incursions into the listed UK market by a state-owned Chinese company.
Ropes boosts London corporate with Jones Day hire subscription
Ropes & Gray has further boosted its London private equity practice with a second lateral partner hire in the space of a month.
Edinburgh-headquartered firm McGrigors has restructured its management board as it seeks to reflect a more UK-wide business, with a Belfast partner from legacy firm L’Estrange and Brett joining the board.
Burges Salmon promotes four after 2010 hiatus subscription
Burges Salmon has made up four new partners in this year’s promotion round, marking the first internal promotions at the firm for two years.
Ashurst NY sets sights on boom in US infrastructure subscription
Ashurst is set to launch a New York project finance practice as the firm targets the burgeoning US infrastructure market.
Camerons loses corporate partner to client subscription
CMS Cameron McKenna corporate partner Mike Jones has left the firm to join one of his clients, becoming general counsel at White Rose Energy Ventures, an oil exploration and production start-up focused on upstream exploration in West Africa.
Kirkland & Ellis has landed a pair of prime mandates acting for longstanding private equity client Bain Capital.
Shearman’s Tata mandate creates 800 North East jobs subscription
Shearman & Sterling has won a major instruction from Tata Steel on a deal that will see the creation of around 800 jobs in the North East of England.
SJ Berwin outsourcing chief quits for RPC subscription
SJ Berwin head of outsourcing David Meredith has joined Reynolds Porter Chamberlain (RPC) as a partner, effectively bringing to a close his former firm’s strategic sourcing practice.
Ashurst is to open a second Italian office after raiding Dewey & LeBoeuf and local firm NCTM for the launch of a three-partner practice in Rome.
Freshfields promotes 20 to partnership, nine in City subscription
Freshfields Bruckhaus Deringer has kicked off this year’s partner promotions season with a bumper crop of 20 lawyers set to join the partnership.
Macfarlanes has lost two partners from its real estate practice just months after the group was broken up into three separate teams, acting within existing practice areas.
Allen & Overy (A&O) and Hogan Lovells have helped Rupert Murdoch’s News Corporation as its bid to take over satellite broadcaster BSkyB got the green light from the UK Government.
Linklaters and Simpson Thacher & Bartlett have taken the lead roles on the £4bn sale of E.ON’s UK electricity distribution business to Pennsylvania Power and Light (PPL).
US-German deal and swing to Asia could dwarf LSE-TMX merger.
Cleary, Slaughters act on Diageo’s Mey Icki purchase subscription
Cleary Gottlieb Steen & Hamilton and Slaughter and May took the leading advisory roles on Diageo’s £1.3bn acquisition of Turkish spirits producer Mey Icki last week.
Norton Rose and Pinsent Masons have claimed the mandates for the sale of a controlling stake in Regal Petroleum to Ukrainian bidder Energees Investments.
Norton Rose has opened an office in Hamburg following a raid on DLA Piper for a group of seven partners, with one more joining the existing Frankfurt office.
Macfarlanes has landed a major new mandate advising the independent directors of BP’s Russian joint venture partner Alfa Access Renova (AAR) on their position following last month’s tie-up between the UK oil company and Russia’s state-owned Rosneft.
Former managing partner Dick Tyler is one of four candidates in the upcoming senior partner election at CMS Cameron McKenna.
Magic circle duo Allen & Overy (A&O) and Linklaters have taken the prize mandates on today’s “landmark” $7.2bn (£4.4bn) tie-up between BP and India’s Reliance Industries.
Allen & Overy (A&O) and Slaughter and May have taken the prize mandates advising John Wood Group on the $2.8bn (£1.7bn) sale of its oil well support division to General Electric (GE).
Bobby dazzler: Gareth Madge, Gwent Police subscription
South Wales and Gwent Police legal director Gareth Madge is leading the way in streamlining legal services in the public sector.
Camerons furthers diversity credentials subscription
CMS Cameron McKenna is set for a diversity facelift following the appointment of Daniel Winterfeldt as diversity and inclusion partner.
Childs: CC will not get big in Australia subscription
Clifford Chance took few in the legal market by surprise when it announced last week it was following the march of UK firms into Australia.
Herbert Smith has helped banknote printer De La Rue see off a hostile takeover attempt by French bidder Oberthur.
Osborne Clarke has appointed its first practice-specific business manager as part of a push into higher-end work.
Credit Suisse turns to Linklaters on $8bn CoCo deal subscription
Linklaters has claimed a key mandate acting for Credit Suisse on the bank’s issuance of $8bn (£4.98bn) worth of contingent convertible bonds, the Basel III compliant capital instrument known as CoCos.
Taylor Wessing proofreader Reg Frary passed away last week at the age of 91 after more than 20 years at the City firm.
Clifford Chance has become the latest firm to launch in Australia after the partnership voted through a dual merger with boutique firms in Sydney and Perth.
Allen & Overy (A&O) and Slaughter and May have taken the prize mandates advising the John Wood Group on the $2.8bn (£1.7bn) sale of its Well Support Division to General Electric (GE).
Clifford Chance has named Chris Davies as head of its City tax, pensions and employment (TPE).
Pinsent Masons and TLT Solicitors have been toasting their success after winning mandates on the £20m sale of Cornwall-based Sharp’s Brewery to Molson Coors.
Greenberg Traurig Maher (GTM), Herbert Smith and Sullivan & Cromwell are understood to have won mandates on the flotation of a £700m cash shell by billionaire investor Nicolas Berggruen.
A number of City firms are muscling in on Linklaters’ relationship with Credit Suisse after the investment bank launched legal action against the firm.
Credit Suisse is set to sue Linklaters for €136m (£115m) for professional negligence over advice it was given for a deal with Italian food giant Parmalat.
Linklaters and Wachtell Lipton Rosen & Katz have claimed the leading M&A roles on the proposed merger between the US and German stock exchanges.
Up to 20 partners at CMS Cameron McKenna are thought to be under threat as the firm steps up its consultation process ahead of a partnership restructure.
Allen & Overy (A&O) and Freshfields Bruckhaus Deringer took the UK side mandates on the merger of the London Stock Exchange (LSE) and the owner of its Toronto counterpart.
Former SJ Berwin chief joins CPA Global as chairman subscription
Outsourcer CPA Global has named former SJ Berwin senior partner David Harrel as its new chairman.
Allen & Overy (A&O) and Hogan Lovells advised on Catalina Holdings’ acquisition of Swiss-based reinsurer Glacier.
Clifford Chance, Dewey & LeBoeuf and Freshfields Bruckhaus Deringer have all taken high-profile roles on the sale of troubled music group EMI to Citibank.
Cleary, W&C lead Nigeria’s sovereign bond issuance subscription
US firms Cleary Gottlieb Steen & Hamilton and White & Case have claimed the mandates on Nigeria’s debut international sovereign bond issue.
Reed Smith brings in Gide corporate partner subscription
Reed Smith has bolstered its London capital markets presence after hiring Gide Loyrette Nouel partner Scott Cameron.
Last week the Ministry of Justice announced a delay to the implementation of the Bribery Act, originally due to come on to the statute book in April.
SSH serves up HSBC facility for Jamie Oliver empire subscription
Squire Sanders Hammonds (SSH) and West End firm Collins Benson Goldhill took leading roles on HSBC’s provision of banking facilities to part of Jamie Oliver’s expanding restaurant empire.
Travers hires its first US-qualified partner subscription
Travers Smith has responded to pressure from clients to provide US securities advice by hiring its first US-qualified partner.
The highest-earning partner at Ashurst took home more than £1m in 2009-10 after the top payment dipped below the seven-figure barrier during the previous financial year.
Allen & Overy (A&O) managing partner Wim Dejonghe has pledged to limit the number of redundancies that are likely to come about as a result of the firm’s decision to transfer up to 180 support staff to Belfast.
Freshfields Bruckhaus Deringer has lost its second big-name finance partner in the last three months with Presley Warner defecting to US firm Sullivan & Cromwell.
Clifford Chance, Dewey & LeBoeuf and Freshfields Bruckhaus Deringer have all taken high-profile roles on the sale of troubled music group EMI to Citibank.
Linklaters scoops Carlyle buyout instruction subscription
Linklaters has won the prize mandate acting for private equity house the Carlyle Group on its £450m acquisition of Integrated Dental Holdings (IDH) from Bank of America Merrill Lynch (BoAML), as well as the proposed merger with rival Associated Dental Practices (ADP).
Clifford Chance has shaken up its London corporate practice, splitting the group into three sector-based teams.
Finisterre appoints first GC with Altima capture subscription
Finisterre Capital has become the latest hedge fund manager to build up its in-house legal capability after appointing its first-ever general counsel in the shape of Altima Partners legal chief Ursula Newman.
Herbert Smith and SJ Berwin have taken the top mandates on the £342m recommended offer by Boparan Holdings for Northern Foods, as a bidding war continues for the UK food group.
Hogan Lovells and SH star in LoveFilm acquisition subscription
Hogan Lovells and Stephenson Harwood took the key mandates on the £200m sale of the remaining shares in LoveFilm to Amazon.
Can BLP find its way out of the AIM ghetto to challenge the top tier?
Allen & Overy (A&O) has replaced Freshfields Bruckhaus Deringer as one of two corporate advisers to National Grid after the utility giant reduced its roster of legal advisers by a quarter following a panel review.
Weil Gotshal & Manges has raided Jones Day’s London office to hire restructuring partner Adam Plainer to lead its own restructuring practice.
CMS Cameron McKenna is to lay off 9 per cent of its support staff, with a further 21 per cent facing relocation, as part of the transfer of its business services functions to outsourcer Integreon.
Clifford Chance’s LLP accounts have shown the extent of the staff cuts the firm made during 2009-10, with the total number of employees falling by 12 per cent.
Vanhulle named as new global tax chief at Linklaters subscription
Linklaters has named Brussels head of tax Henk Vanhulle as its new global tax chief.
Clifford Chance is set to open an office in Qatar as the magic circle firm continues to expand its Middle East capabilities.
Akin Gump Strauss Hauer & Feld and Clifford Chance have landed the key advisory roles on a $1.5bn (£940m) convertible bond issue by Lukoil amid signs of recovery in the spluttering capital markets.
Freshfields Bruckhaus Deringer and Linklaters have been handed the prize mandates on BP’s £10bn share swap with Russian state-owned oil giant Rosneft.
Hogan Lovells and Linklaters have secured instructions on the £260m sale of pension buyout house Paternoster to Goldman Sachs subsidiary Rothesay Life.
Osborne Clarke, Bond Pearce act jointly for Kandahar subscription
Bond Pearce, Jones Day and Osborne Clarke have advised on the £240m sale of Plymouth’s Drake Circus Shopping Centre to British Land.
Freshfields Bruckhaus Deringer slashed its support staff headcount by more than 10 per cent across its global practice during the 2009-10 financial year.
Ashurst has put its flexible working strategy in the spotlight after setting up a committee to look at work-life issues across the firm.
SJ Berwin unveils new-look partnership board subscription
SJ Berwin has introduced a clutch of new partners to its revamped partnership board following firmwide elections for the posts.
Freshfields Bruckhaus Deringer and Linklaters have been handed the prize mandates on BP’s £10bn share swap with Russia’s state-owned oil giant Rosneft.
Freshfields bosses vow to focus on fee-earning subscription
Freshfields Bruckhaus Deringer’s senior management team has emphasised its commitment to client work by pledging that all partners in management positions will spend a significant proportion of their time on fee-earning.
Butcher Burns and former Vertex Law partner Stuart Butler-Gallie bagged the leading roles on the takeover of League One’s Charlton Athletic by a consortium led by former Newcastle United vice-president Tony Jimenez.
Freshfields Bruckhaus Deringer will drop the names of its German legacy firms within a decade, according to new executive partner Stephan Eilers.
New LGB network created for employment lawyers subscription
Taylor Wessing has backed the launch of an LGB network for employment lawyers.
Clients prefer to deal with established, tight-knit teams, says Gavriel Hollander
Freshfields Bruckhaus Deringer and Slaughter and May have landed the lead mandates advising on Henderson’s purchase of fellow fund manager Gartmore.
Ropes & Gray has raided the London office of Weil Gotshal & Manges to boost its Hong Kong finance practice with the hire of partner Michael Nicklin.
Banking boutique Exotix names general counsel subscription
Investment banking boutique Exotix has hired Jide Bada as its new general counsel.
Ex-SJ Berwin associate wins OFT promotion subscription
Former SJ Berwin associate Sheldon Mills has been handed a promotion at the OFT after chief economist Amelia Fletcher stood down from the role of senior director of mergers.
Herbert Smith and SJ Berwin have taken the plum roles on a deal to create a joint venture (JV) that will see the construction of a new City landmark.
Herbies, Taylor Wessing win Sheffield block sale subscription
Herbert Smith and Taylor Wessing won mandates on the sale of the Sheffield building that houses DLA Piper’s offices in the city.
JMW media chief takes up Mishcon London job subscription
JMW head of media Charlotte Harris will join Mishcon de Reya next month, as the West End firm builds its four-partner media team.
Linklaters, Slaughter and May best friend Hengeler Mueller and Austrian duo Schoenherr and Wolf Theiss took the mandates on the e1.3bn (£1.1bn) sale of clothing retailer Takko by Advent International to Apax Partners.
Macfarlanes ups focus on flexibility subscription
Macfarlanes has expanded its flexible working policy as it continues a push to encourage more female lawyers into the upper echelons of the firm.
Virgin Media general counsel Bryan Hall has retired from the company after six years in the role and will return to his native US.
Norton Rose has raided Freshfields Bruckhaus Deringer for the firm’s Russian dispute resolution chief Yaroslav Klimov.
CMS Cameron McKenna borrowed a total of £4.5m to fund one-off payments to partners it de-equitised at the end of the last financial year, LLP accounts filed with Companies House have revealed.
Norton Rose experienced a net cash outflow of £17.5m for the 2009-10 financial year, compared with an inflow of £2.4m in 2008-09, according to LLP accounts filed with Companies House.
SNR Denton has launched in Hong Kong with the assimilation of a new member firm that was previously the Hong Kong office of Squire Sanders Hammonds legacy firm Hammonds.
Norton Rose has continued its Asian expansion with the hire of Clifford Chance consultant Charlotte Robins as a partner in its Hong Kong corporate team.
Slaughter and May corporate partner Lucy Wylde has landed a permanent role as general counsel for HM Treasury’s Asset Protection Agency (APA).
Freshfields raids A&O for Middle East star subscription
Freshfields Bruckhaus Deringer has scooped Pervez Akhtar from magic circle rival Allen & Overy, making him its new Middle East corporate head .
Norton Rose has bolstered its energy practice with the hire of Ashurst partner Ashley Wright to lead its Asia Pacific oil and gas team in Singapore.
Freshfields corporate partner lands at White & Case subscription
Freshfields Bruckhaus Deringer corporate partner David Crook has resurfaced at US firm White & Case following a year-long break from fee-earning.
Apax Partners has concluded its 20-month search for a general counsel with the appointment of Simon Cresswell from Goldman Sachs.
Freshfields Bruckhaus Deringer has made a double swoop on its magic circle rivals to bolster its debt capital markets practice.
Ashurst, SJ Berwin and Travers Smith secured the key mandates on the spinning off of Candover Investments’ private equity investment management division Candover Partners Ltd (CPL) and the subsequent investment into the new vehicle by private equity fund Pantheon.
CC circles Gilbert & Tobin to fulfil Aussie strategy subscription
Sydney firm Gilbert & Tobin has emerged as the leading candidate as Clifford Chance steps up its search for an Australian tie-up.
OFT fights back against threat of extinction with mixed results.
More than 25 per cent of the next intake of Freshfields Bruckhaus Deringer London trainees are from black and minority ethnic (BME) backgrounds, according to the magic circle firm’s latest corporate social responsibility report.
Rouse Oxford team forms new boutique subscription
A team of three lawyers from IP firm Rouse’s Oxford brands practice has broken away to set up a boutique based in the city.The three-partner boutique, Sipara, was launched last week, with the firm claiming that 18 Rouse clients have, or are in the process of, migrating over.
SJ Berwin partners are today voting on changes to the firm’s governance as part of new managing partner Rob Day’s push to improve communication at the firm.
CMS Cameron McKenna has posted a 5 per cent increase in revenue after the first six months of the 2009-10 financial year.
Staff costs at Linklaters fell by 16 per cent in the 2009-10 financial year, according to limited liability partnership (LLP) accounts filed with Companies House.
SNR Denton has claimed a starring role acting for Qatar on its successful bid to host the 2022 Fifa World Cup.
Hammonds wins spot on Sheffield Wednesday buy subscription
Hammonds corporate partner David Hull has landed another major football mandate, advising former Portsmouth and Leicester City owner Milan Mandaric on the purchase of Sheffield Wednesday.
Links picks new firmwide, UK property chiefs subscription
Linklaters has named new heads for its firmwide and UK real estate practices.
Linklaters and Travers Smith have taken the prize mandates on one of the largest property M&A deals of the year, as Capital Shopping Centres (CSC) has agreed to purchase Manchester’s Trafford Centre from Peel Holdings for £1.6bn.
Slaughters, Simpson, Olswang bag Chrysalis gig subscription
Olswang, Simpson Thacher & Bartlett and Slaughter and May took the lead roles on the £107m buyout of music publisher Chrysalis to BMG, a joint venture established two years ago between German media group Bertelsmann and US private equity house KKR.
TLT Solicitors’ London corporate recovery and insolvency practice has won one of its biggest mandates to date after being instructed by the administrators of bar owner Balls Brothers.
Treasury picks A&O over Slaughters on Irish bailout subscription
Pressure on Treasury to make procurement process transparent sees go-to firm sidelined
SJ Berwin has promoted a real estate associate to partner outside of its regular promotions round following the loss of four partners from the group to Irwin Mitchell in the autumn.
Clifford Chance has denied allegations that it discriminated against six associates who were laid off from its New York office in 2007.
Akin Gump Strauss Hauer & Feld, Baker & McKenzie and Sullivan & Cromwell have won the prize mandates on the sale of BP’s stake in its Argentinian joint venture, Pan American Energy.
Freshfields names new global tax head subscription
Freshfields Bruckhaus Deringer has named London-based partner Colin Hargreaves as head of its global tax group.
Ashurst has landed its first buyout mandate for new client Nordic Capital since being appointed to the private equity house’s panel earlier this year.
Debevoise, Olswang land BBC’s JV sale to Discovery subscription
Debevoise & Plimpton and Olswang have secured the key mandates on the sale of BBC Worldwide’s 50 per cent interest in its global TV joint venture (JV), incorporating the channels Animal Planet and Liv, to Discovery Communications.
Banking star in shock return to previous site of thwarted partner ambitions. By Gavriel Hollander
CMS Cameron McKenna has taken a major step towards finalising its outsourcing arrangement with Integreon after partners voted in favour of the move last night.
Freshfields Bruckhaus Deringer finance partner Chris Howard has rejoined Linklaters in a major coup for the Silk Street firm.
Mayer Brown and SJ Berwin were the firms at the forefront on Apax Partners’ sale of 16 technology companies to Azini Capital.
Travers’ outsourcing move keeps Bupa as a client subscription
Travers Smith has taken a step towards outsourcing some commoditised elements of its M&A work. The move came after Travers concluded a deal with Bupa that saw another firm take on data room and disclosure work at the client’s request.
Burges Salmon has acted for the United Kingdom Atomic Energy Authority (UKAEA) on the long-running Redfern Inquiry into human tissue analysis in the UK’s nuclear facilities.
Osborne Clarke to cut five jobs in real estate group subscription
Osborne Clarke is set to make up to five redundancies in its real estate department, with the London and Reading offices expected to be affected.
Stephenson Harwood's revenue jumps 16 per cent subscription
Stephenson Harwood has posted a 16.6 per cent revenue increase as it becomes the latest firm to report its half-year figures.
Norton Rose has announced tie-ups with Canadian firm Ogilvy Renault and South African firm Deneys Reitz.
More than two-thirds of the prospective Halliwells trainees who signed up to a scheme run by Burges Salmon to find them new firms have now landed training contracts.
A quintet of firms led by Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have landed the prize mandates on the sale of the Vue cinema chain - the third largest in the UK - to private equity house Doughty Hanson.
Links to level the playing field for German partners subscription
Firm’s all-equity push places UK and overseas partners’ remuneration disparity under scrutiny
SJ Berwin, Proskauer abandon merger talks subscription
SJ Berwin and Proskauer Rose have called off their protracted merger talks almost nine months after they began.
Three of a mind subscription
A serene transfer of power and the goodwill towards Lawes belies a harder edge at the top of Freshfields
SJ Berwin and Proskauer Rose: the talks are over subscription
SJ Berwin and Proskauer Rose have called off their merger talks, more than six months after negotiations began.
Norton Rose revenue up 9 per cent at half year subscription
Norton Rose has posted a 9 per cent rise in turnover for the first six months of 2010-11, becoming the second top 10 firm so far to reveal its half-year results.
SJ Berwin has seen a further 12 lawyers from its real estate team follow former practice leader Jon Vivian to Irwin Mitchell.
CC’s Sweeting elected as new senior partner subscription
Clifford Chance has elected finance partner Malcolm Sweeting as its new senior partner.
Debevoise & Plimpton and Norton Rose have landed the plum roles on Rockefeller Group’s acquisition of a 75 per cent stake in Europa Capital.
Fishnets and briefs for legal starlet subscription
Hard-working people that they are, lawyers need to find ways to unwind away from the stresses and strains of the office.
Freshfields, Mills & Reeve kick off network plan subscription
Freshfields Bruckhaus Deringer’s move to formalise its referral relationships with national firms has moved a step nearer, with the magic circle outfit working alongside Mills & Reeve on the first matter since the initiative began in the summer.
SJ Berwin partner duo quit for BLP, Lloyds subscription
Two partners have quit SJ Berwin in the wake of its disputed managing partner election, with property litigation head Michael Metliss going to Berwin Leighton Paisner (BLP) and competition partner Niamh Grogan to Lloyds Banking Group.
Taylor Wessing’s recent capture of a high-profile trio of partners from Barlow Lyde & Gilbert (BLG) is the latest sign that the firm has pushed lateral recruitment at the highest level to the top of its agenda.
Freshfields Bruckhaus Deringer has named disputes partner Andrew Hart as joint leader of its global financial institutions group (FIG), replacing senior partner-elect Will Lawes.
King & Spalding has beefed up its Dubai office with the hire of Norton Rose debt capital markets chief Rizwan Kanji.
Clifford Chance has elected finance partner Malcolm Sweeting as its new senior partner.
All three candidates in the senior partner election at Clifford Chance will stand in a second round of voting, due to get underway imminently, after the first round failed to identify a clear winner.
Freshfields Bruckhaus Deringer has introduced free care sessions for every London employee as part of a beefed-up benefits package.
CC, Sullivan lead the pack on sale of Brit Insurance subscription
Clifford Chance and Sullivan & Cromwell head a bevy of leading firms with roles on Brit Insurance’s £888m sale to private equity houses Apollo Management and CVC Capital Partners.
As the new managing partner at SJ Berwin, Rob Day today steps into what must be one of the most challenging jobs in the City.
SJ Berwin split as election exposes pre-merger rift subscription
As dust settles after contested vote, Day prepares to steer firm to transatlantic tie-up
Clifford Chance and Sullivan & Cromwell head a bevy of leading firms with roles on Brit Insurance’s £888m sale to private equity houses Apollo and CVC.
The first round of voting in the Clifford Chance senior partner election has closed with not one of the three candidates polling the 50 per cent of votes required to be declared victorious.
CC and schoolkids put the world to rights subscription
Canary Wharf, probably more than any other global financial centre, is a geographical and sociological enigma.
Clifford Chance, Freshfields Bruckhaus Deringer and Herbert Smith have taken the leading roles on transport group Stagecoach’s purchase of the operating subsidiaries of the East London Bus Group.
Chinese lenders turn to Norton Rose for Greek deals subscription
Norton Rose has advised the Chinese arrangers of three separate loans to three Greek shipping companies totalling $275m (£172m).
Day wins showdown for SJ Berwin top job subscription
SJ Berwin has elected Rob Day as its new managing partner after he beat fellow corporate partner Perry Yam in the second round of voting.
With rivals trying to strike it rich by luring prize clients, Linklaters circles the wagons.
Macfarlanes introduces senior associate tier subscription
Macfarlanes, considered one of the most conservative firms in the City, has revamped its career progression system with the introduction of a senior associate level for the first time.
Moving can be a stressful experience, but any Stephenson Harwood employees nervous about their impending relocation to new offices at One Finsbury Square can at least rest assured that they will know where to find a decent fry-up on their first morning.
SJ Berwin names corporate partner Day as next leader subscription
SJ Berwin has elected Rob Day as its new managing partner after he beat fellow corporate partner Perry Yam in the second round of voting.
Clifford Chance names joint competition heads subscription
Clifford Chance has shaken up its global competition group following this summer’s departure of practice head Simon Baxter by creating dual leadership positions.
There are only two candidates left in the race to become the next SJ Berwin managing partner after litigation partner Hilton Mervis was eliminated in the first round of voting.
A&L Goodbody, Clifford Chance and Fried Frank Harris Shriver & Jacobson have landed the mandates advising private equity house Permira on its acquisition of a majority stake in Irish healthcare equipment manufacturer Creganna.
Clifford Chance gears up for major New Delhi boost subscription
Clifford Chance is expanding its Indian legal support centre, with the number of lawyers working at its New Delhi facility set to grow to 40.
Ex-Links boss takes the helm at Vantage subscription
Linklaters former managing partner Tony Angel has left his job at Standard & Poor’s (S&P) to become chief executive at telehealth company Vantage Diagnostics.
Law firms will always be willing to be players in lucrative soccer deals
Solicitors’ watchdog stops short of creating separate division for leading firms
Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell have taken the lead roles as Russian internet group Mail.ru last week began marketing its London IPO.
Macfarlanes advises latest bidder for Liverpool FC subscription
Macfarlanes has been handed the mandate to act for the latest bidder to throw his hat into the ring in the battle for control of Liverpool Football Club.
A sluggish global M&A market is showing signs of life, according to latest data on third-quarter deal activity.
Hammonds takes on ex-Simmons partner subscription
Hammonds has recruited former Simmons & Simmons partner Mark Norris as head of its London banking practice.
HBJ Gateley Wareing acts for Lancs CCC on refurb subscription
HBJ Gateley Wareing has picked up the mandate to act for Lancashire County Cricket Club on the redevelopment of its Old Trafford ground.
PE house goes Weil for in-house role subscription
Private equity house Blackstone Group has beefed up its in-house legal offering with the appointment of corporate associate Geoffrey Bailhache from Weil Gotshal & Manges.
SJ Berwin’s Paris funds team has secured the lead role acting for BNP Paribas-backed Antin Infrastructure Partners (AIP) on the close of a e1.1bn (£0.95bn) fund.
TLT solicitors has won a place on Interserve’s two-firm property support panel, replacing Eversheds, which opted not to tender.
Macfarlanes has named banking and finance head Julian Howard as its next managing partner.
Shearman & Sterling, Slaughter and May and Weil Gotshal & Manges have netted the prize roles on the proposed takeover of Liverpool Football Club by the owner of US baseball franchise the Boston Red Sox.
US duo Akin Gump Strauss Hauer & Feld and Cleary Gottlieb Steen & Hamilton have landed the prize mandates on a deal to create a $21.5bn (£13.58bn) mobile phone group.
BLG financial services head quits for Taylor Wessing subscription
Barlow Lyde & Gilbert financial services chief Tim Strong has left to join Taylor Wessing less than a year after the firm created the specialised practice area.
Single-site Oxford firm Henmans is busily working on shedding its old-fashioned image.
CC, Milbank and Skadden score Permira telecom deal subscription
Clifford Chance, Milbank Tweed Hadley McCloy and Skadden Arps Slate Meagher & Flom have landed the key roles on private equity house Permira’s acquisition of Asia Broadcast Satellite holding company Kingsbridge.
Macfarlanes has claimed the prize role acting for longstanding client Four Seasons Health Care on the restructuring of £800m of debt.
Will and Ted’s excellent adventure subscription
Voting for the senior partner role at Freshfields Bruckhaus Deringer got underway this week, with partners at the firm finding it hard to separate the two candidates.
XXIV Old Buildings signs up Appleby litigator subscription
Appleby litigation senior associate Keith Robinson will join XXIV Old Buildings as a member of chambers next month.
Corporate: Reasons to be cheerful? subscription
Although the corporate practices of the top 20 firms suffered an average fall in revenue, by the end of the year things were pretty much the same as before.
Freshfields Bruckhaus Deringer chief executive Ted Burke will continue in his role if he loses the upcoming senior partner election to Will Lawes, The Lawyer can reveal.
MJ Hudson, the boutique funds firm set up by former SJ Berwin private equity partner Matthew Hudson, has made its first partner hire since launching in the summer.
Linklaters has become the latest magic circle firm to recruit a high yield specialist to its partnership with the arrival of Cravath Swaine & Moore counsel Mark Hageman.
Churches and TV stardom for DLA man subscription
Most people have done unusual things to impress the opposite sex, but rarely do such exploits lead to a second career as a TV presenter.
Clifford Chance and Mayer Brown have advised on the sale of a Royal Dutch Shell refinery in Germany to private equity house Klesch & Co.
?Project finance practices could face tough times as PFI shrinks. By Gavriel Hollander
Eversheds pursues HK growth with hire subscription
Eversheds has continued to expand its Hong Kong offering with the hire of former Slaughter and May litigation partner Mark Yeadon.
Focus: David Gold, Golden years subscription
Herbert Smith stalwart David Gold says his retirement plans don’t involve golf or gardening instead he’s starting out with a DoJ-appointed role making sure BAE remains ethically sound
German contender enters CC senior partner race subscription
The Clifford Chance senior partner contest sprung into life last week, with three partners having now put themselves forward as potential replacements for incumbent Stuart Popham.
Holman trio form marine boutique in City subscription
Holman Fenwick Willan partners Jonathan Campbell, Alistair Johnston and Julian Clark have left the firm to set up a marine boutique in the City.
Stephenson Harwood has further bolstered its real estate offering with two lateral partner hires in the department.
The race to replace Stuart Popham as senior partner at Clifford Chance has stepped up a notch with German corporate partner Daniela Weber-Rey telling partners she is planning to stand.
Withers has put Asian expansion at the centre of its strategy after announcing a tie-up with Chinese financial services advisory firm BeA-asia.
Trio of firms seal £855m Singapore Sports Hub PPP subscription
Ashurst, Hogan Lovells and Norton Rose secured leading roles on the financial close of the S$1.8bn (£855m) Singapore Sports Hub PPP.
Hogan Lovells, Linklaters and Withers have secured lead roles on a financing plan for Jaguar Land Rover worth in excess of £500m. The transaction will harmonise the terms of separate facilities provided to Land Rover and Jaguar Cars.
Ward Hadaway hires ports expert for Leeds office subscription
Ward Hadaway has hired Schofield Sweeney commercial and competition partner Andrew Finfer to bolster its Leeds office.
US firms Davis Polk & Wardwell and Jenner & Block have landed the top roles on General Motors’ initial public offering (IPO).
Hammonds scores another West Ham FC deal subscription
Hammonds corporate partner David Hull has acted on a second major football deal in a week after advising on a £4m investment in West Ham United.
Scottish firm Burness has awarded a 5 per cent discretionary bonus to all employees following its improved financial performance in 2009-10.
At least eight firms are today facing legal action from around 25 former coalminers who claim they received inadequate compensation under a Government scheme.
Dorsey turns to Brown Rudnick for corporate hire subscription
Dorsey & Whitney has bolstered its London office with the hire of Brown Rudnick corporate partner Roger Gregory as partner.
Clifford Chance and Latham & Watkins have bagged roles on Intesa Sanpaolo’s $15bn (£9.6bn) medium-term note programme bond offer.
Ashurst PDL is the cat’s whiskers with prize-winning second career as children’s author subscription
Some might say that being a professional development lawyer (PDL) at a top firm is the perfect training ground if you want to understand the mindset of a child.
Davis-White new chair of Chancery Bar subscription
Malcolm Davis-White QC of 4 Stone Buildings has been elected as chairman of the Chancery Bar Association.
Day tipped as next SJ Berwin chief subscription
Rob Day has emerged as the early favourite to take over from departing Ralph Cohen as managing partner at SJ Berwin.
LUPC unveils legal services panel firms subscription
The London Universities Purchasing Consortium (LUPC) has named 13 firms on its legal services panel.
New hires highlight UK firms’ ambition to break into sector.
City Law Financial has launched a legal battle with former client Notts County Football Club, claiming £300,000 in unpaid fees.
Taylor Wessing engages BRIC ‘territory partners’ subscription
Taylor Wessing has put growth in the BRIC territories (Brazil, Russia, India, China) at the forefront of its international plans with the appointment of ’territory partners’ to oversee development in key jurisdictions as the firm examines the possibility of opening new offices.
SJ Berwin managing partner Ralph Cohen is to stand down from the role in the autumn, 18 months before the end of his term was due to end.
Clifford Chance Japan corporate head Alan Kitchin has been charged with assaulting his partner at Scotland’s Gleneagles Hotel.
Linklaters and Weil Gotshal & Manges bagged the leading roles on the £2bn sale of a majority stake in RBS’s Global Merchant Services arm to private equity houses Advent International and Bain Capital.
Ashurst makes rare senior appointment subscription
Ashurst has made the first hire into its City corporate department since 2008 with the capture of Nabarro financial services regulation head Rob Moulton.
Clifford Chance has offered training contracts to the two London-based first-year trainees left jobless after Halliwells went into administration last month.
Santander institutes corporate asset roster subscription
Banco Santander has launched a revamp of its external legal advisers with the introduction of a series of ’soft panels’ to sit underneath its main legal roster.
For the UK’s top corporate practices 2009-10 was very much a case of plus ça change, plus c’est la même chose, with dealflow still in decline and competition for the work that remains as tough as ever.
CMS Cameron McKenna has launched a marketing campaign to promote its alternative billing structures, which include a ‘pay what you think its worth’ option, to clients.
Travers advises on launch of Metro Bank subscription
Travers Smith has landed a prime role in the establishment of the first high street bank in the UK for more than 100 years.
Slaughter and May and Linklaters are advising on Santander’s purchase of 318 high street branches from the Royal Bank of Scotland, mainly in the north west of England.
Students whose Halliwells training contracts were cancelled after the firm went into administration have been offered a potential lifeline by Burges Salmon.
The latest Hemscott rankings for legal advisers on AIM see Pinsent Masons retaining a slender advantage in terms of total client numbers, with LG boasting a healthy lead in terms of market capitalisation.
Links and Rosenblatt score Channel 5 sale subscription
Linklaters and Rosenblatt Solicitors claimed the prize mandates acting on the e125m (£104.56m) sale of Channel 5 to Daily Express owner Richard Desmond’s Northern & Shell publishing group.
Taylor Wessing hikes insurance practice subscription
Taylor Wessing has hired litigation partner Susannah Wakefield from Bermuda firm Attride-Stirling & Woloniecki, where she was a counsel.
Magic circle duo Clifford Chance and Freshfields Bruckhaus Deringer have bagged the leading mandates advising on the €2bn (£1.7bn) merger of online gaming sites PartyGaming and bwin.
Clifford Chance senior partner Stuart Popham has said he expects UK law firms to have a presence in India within two years, as long as a free trade agreement with the EU is signed.
Clifford Chance has kicked off the election process to find the replacement for current senior partner Stuart Popham.
Clifford Chance’s former Asian litigation chief Denis Brock has left the magic circle firm to join Mallesons Stephen Jaques’ Hong Kong office.
Freshfields Bruckhaus Deringer has taken the rare step of bringing in a non-partner from a rival firm as an equity partner.
O’Melveny & Myers secured the prize mandate acting for longstanding client Coller Capital on its acquisition of a majority stake in Bank of Scotland’s private equity business.
SAS Daniels COO joins equity ranks subscription
SAS Daniels has become the latest firm to promote a non-lawyer into its equity partner ranks. Chief operating officer (COO) Andrew Perry has taken over responsibility for the central management of all the firm’s offices across Cheshire. Perry joined the firm as business manager in 2003. “Equity status adds an even greater level of involvement and commitment,” he said, “and that’s a real motivator for me.” SAS Daniels joins a growing number of firms to have promoted non-lawyers into ...
SJ Berwin guides new client on e800m fund subscription
SJ Berwin’s funds team has scored a new client in the shape of European LBO firm Gilde Buy Out Partners, acting for it on a new €800m (£677.48m) fund.
Matrix Chambers has been instructed by both co-respondents in a £2.5m employment tribunal claim brought by a Britain’s Got Talent contestant against Simon Cowell and the show’s production company, FremantleMedia.
Private equity firm Coller Capital has denied that it has agreed to take an equity stake in Matthew Hudson’s newly created funds boutique.
Linklaters could be facing up to a major tax bill for its India-related work following a Mumbai Income Tax Appellate Tribunal (ITAT) decision to apply a retrospective amendment to its Income Tax Act
Norton Rose raids DLA Piper HK for IP duo subscription
Norton Rose has continued to grow its Asian footprint with the hire of two IP partners from DLA Piper’s Hong Kong office.
Former SJ Berwin private equity partner Matthew Hudson has launched his own practice with backing from private equity house Coller Capital.
Ashurst and Orrick Herrington & Sutcliffe have scored leading roles on the investment by Landprop - the development arm of the Inter IKEA Group - in a 12.9 acre site near the London 2012 Olympic Park.
CC advances global plan with Norman’s Dubai swap subscription
Clifford Chance corporate partner Guy Norman’s imminent move to Dubai, announced by the firm last week, is the latest in a string of relocations that has served to underline the firm’s international strategy.
Freshfields scheme aims to up female partner count subscription
Freshfields Bruckhaus Deringer has introduced a pilot mentoring scheme for senior female associates in a bid to up its female partner numbers, echoing the ’female buddy’ initiative it launched in 2006.
Man Utd reappoints Pinsents as part of panel review subscription
Manchester United FC is in the process of reviewing its five-strong legal panel, with Pinsent Masons already reappointed.
SJ Berwin hikes funds nous with Babcock hire subscription
SJ Berwin has moved to bulk up its infrastructure funds practice with the hire of Babcock & Brown general counsel Michelle Thomsen as partner.
Travers Smith has bagged a lead role advising on the creation of a new banking venture that will target state-owned assets.
White & Case takes on listing for AFI Development subscription
White & Case has advised Russian property developer AFI Development on a premium listing on the London Stock Exchange (LSE).
Ashurst, Ropes & Gray and Sullivan & Cromwell have scored major roles on one of the largest European private equity buyouts of the year - the €1.2bn (£1bn) sale of Belgian manufacturing company Ontex to Goldman Sachs PIA and TPG Capital.
Weil Gotshal reinstates London associate lockstep subscription
Weil Gotshal & Manges has become the latest firm to lift its salary freeze for London-based associates.
Freshfields trials flexi-working in corporate team subscription
Freshfields Bruckhaus Deringer has begun a pilot scheme to allow associates to take advantage of a suite of alternative working arrangements, including job-sharing, as part of its ongoing employee engagement programme.
Clifford Chance has continued its policy of relocating senior partners to key jurisdictions away from London with the secondment of corporate dealmaker Guy Norman to Dubai
Macfarlanes' revenue drops 7 per cent subscription
Macfarlanes has unveiled a 6.7 per cent revenue fall for the 2009-10 financial year, with fees dropping from £99m to £92.4m.
Dewey, Links lead on Irish listing of Russian bank subscription
Dewey & LeBoeuf and Linklaters have scored leading roles on the debut note listing of state-owned Russian bank Vnesheconobank (VEB).
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.
Can niche players retain their go-to status as City firms start to circle?
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.
Travers Smith sees PEP soar 53 per cent to £705,000 subscription
Travers Smith has staged a stunning financial recovery, with revenues projected to be £72m for the 2009-10 financial year.
Freshfields sees turnover and profit fall in 2009-10 subscription
Freshfields Bruckhaus Deringer has unveiled an 11 per cent drop in revenue for 2009-10, posting a global figure of £1.14bn.
Freshfields advises BP on Gulf of Mexico oil spill subscription
Freshfields Bruckhaus Deringer has snared a leading role acting for BP in its defence of any potential takeovers in the wake of the Gulf of Mexico oil disaster.
Norton Rose posts 6 per cent PEP drop subscription
Norton Rose’s average profit per equity partner figure (PEP) for 2009-10 has fallen by 6 per cent to £486,000, following a 17 per cent dip last year.
Clifford Chance posts 25 per cent PEP uplift subscription
Clifford Chance has boosted its average profit per equity partner (PEP) figure by 25 per cent in the past financial year, posting what managing partner David Childs described as a “strong set of results in difficult market conditions”.
Allen & Overy (A&O) and Weil Gotshal & Manges have scored plum roles on the sale of regulatory and compliance solutions provider Complinet to Thomson Reuters.
Clifford Chance has elected Simon Tinkler as its new London corporate chief after David Pearson completed two terms in the role.
Dispute resolution expert joins Serle Court subscription
Former Court of Appeal (CoA) civil division vice president Sir Mark Waller has joined Serle Court’s alternative dispute resolution panel as an arbitrator and mediator.
Farrers and Bordens team up on golden deal subscription
Farrer & Co and Canadian firm Borden Ladner Gervais have acted on a rare secondary investment in the AIM market.
Gala Coral’s mezzanine debt buyout was ambitious, but how far-reaching is it? By Gavriel Hollander
93 per cent of firm’s partners now equity, from 83.5 per cent in 2009
Osborne Clarke's PEP rises on flat turnover figure subscription
Osborne Clarke has posted a 12 per cent rise in average profit per equity partner (PEP) for 2009-10, with partners taking home an average of £393,000.
Ashurst has completed a major revamp of its corporate management structure with Stephen Lloyd taking up the newly created role of global corporate head.
SJ Berwin’s co-head of arbitration David Goldberg is set to join White & Case’s London office next month.
Clifford Chance has elected Jonathan Solomon as head of its London real estate practice following the announcement that outgoing chief Cliff McAuley is to retire.
Clayton Utz has continued its rebuilding process following the departure of 14 partners to form Allen & Overy’s nascent Australian practice with the recruitment of Freshfields Bruckhaus Deringer project finance partner Bruce Cooper.
Allens Arthur Robinson has hired Clifford Chance asset finance partner Rod Howell as the Australian firm ramps up its Singapore offering.
TLT has swooped for Halliwells finance litigation partners David Pacey and Richard Clayton as the fallout from the Manchester firm’s move into administration continues.
Burges Salmon has hired Taylor Wessing’s head of restructuring and corporate recovery Patrick Cook as a partner in its corporate turnaround and insolvency team.
Camerons switches to merit-based structure subscription
CMS Cameron McKenna has ditched its associate lockstep remuneration model in favour of a merit-based system.
LG and Norton Rose are the latest firms to announce their 2009-10 financials, with the London South Bank neighbours producing markedly different results.
LG and TLT have potted leading roles on promoter Barry Hearn’s acquisition of the commercial rights of the World Professional Billiards and Snooker Association (WPBSA).
MAB brings in Roiter Zucker founder subscription
Roiter Zucker founding partner John Zucker has joined Matthew Arnold & Baldwin as a consultant in the corporate team.
Media trio instruct third party in defamation case subscription
Three news organisations have made the rare move of instructing counsel to intervene as a third party in a defamation case in the Court of Appeal in order to protect the ’fair comment’ defence.
SJ Berwin announces investigations offering subscription
SJ Berwin has launched a corporate investigations group to assist corporate and financial services clients on multijurisdictional investigations.
SJ Berwin cleans up with Wheb Ventures launch subscription
SJ Berwin’s funds team has advised on its second closure this month with the launch of Wheb Ventures’ £105m Clean Technology Investment Fund.
Norton Rose turnover falls 2 per cent during 2009-10 subscription
Norton Rose has posted a 2 per cent drop in turnover for the 2009-10 financial year, with profit per equity partner (PEP) also expected to be slightly down on last year.
Freshfields and Links lead on RBS's UAE sell-off subscription
Magic circle duo Freshfields Bruckhaus Deringer and Linklaters have bagged the leading roles on the sale of RBS’s UAE retail banking business to Abu Dhabi Commercial Bank (ADCB).
Revenue drops 7 per cent at SJ Berwin, PEP nudges up subscription
SJ Berwin has announced a 7 per cent drop in turnover for the 2009-10 financial year, with fee income falling from £184m last year to £171m.
Saville Inquiry subscription
The conclusion of Lord Saville’s inquiry into the events of Bloody Sunday has brought into sharp focus the need to reduce both the cost and duration of public inquiries, according to some of lawyers involved.
Saville Report: the lawyers involved subscription
The release of the Saville Report into the events around the Bloody Sunday shootings in Londonderry in 1972 has signalled the end of involvement for dozens of law firms and barristers.
Herbert Smith and Skadden Arps Slate Meagher & Flom have won the leading roles on News Corp’s £7.8bn bid to buy up the remaining shares in BSkyB.
Clifford Chance has elected global litigation chief Jeremy Sandelson to head its London litigation practice.
Clifford Chance reelects Middle East head subscription
Clifford Chance has elected Graham Lovett as its Middle East managing partner for a second term following a partner vote in the region.
Camerons in on €2bn wind farm joint venture subscription
CMS Cameron McKenna has advised on a joint venture to create a major wind farm development off the coast of North Wales.
Ashurst and Freshfields Bruckhaus Deringer have landed the key mandates on Swiss engineering group ABB’s recommended offer for power equipment supplier Chloride.
City firm insists it is still a major force despite loss of top talent.
People moves subscription
Addleshaw Goddard has appointed Jonathan Watson as legal director of its financial regulation practice.
Camerons withholds staff bonus for second year subscription
CMS Cameron McKenna has withheld the firmwide bonus payable to all staff for the second year running after the firm missed its turnover target.
Norton Rose continues Asian drive with China hire subscription
Norton Rose has boosted its Beijing practice with the hire of corporate partner Michael Yu from Global Law Office, highlighting the firm’s increasing push into the Asian market.
TPG turns to Cravath for hire of general counsel subscription
Cravath Swaine & Moore corporate partner Ronald Cami has joined private equity house TPG Capital as general counsel.
Man Investment is poised to go up a league in the fund management stakes. Gavriel Hollander meets the men running the legal team, Stephen Ross and Jasveer Singh
Clifford Chance, Freshfields Bruckhaus Deringer, Hogan Lovells and Simpson Thacher & Bartlett have snared top roles on the proposed £800m flotation of zombie life assurance fund Phoenix Group.
Eversheds and Olswang sniff out tissue tie-up subscription
Eversheds and Olswang have acted for the two sides in a tie-up that will see the creation of Europe’s second-largest tissue producer.
Firm leaders evenly split over ABS issue subscription
Almost half the managing partners who attended a high-level private summit held by banking group Investec are committed to investigating the use of alternative business structures (ABSs) in their businesses.
Freshfields pinpoints referral firms ahead of upturn subscription
Freshfields Bruckhaus Deringer has started informal talks with ’two or three’ national firms about establishing a referral framework to improve efficiency ahead of an uptick in dealflow.
Will one consultation paper equal a rewrite of the takeover rulebook?
Prudential rejigs UK legal function subscription
Prudential has launched a revamp of its UK legal team with the creation of a new head of legal role.
Trowers expands local govt offering subscription
Trowers & Hamlins has boosted its local government practice with two new hires.
Lawyers named in FSA insider dealing case acquitted subscription
The two lawyers accused by the Financial Services Authority (FSA) of insider dealing have been acquitted at Southwark Crown Court.
23 Essex Street pair defect to Outer Temple subscription
Outer Temple Chambers has snared husband and wife pair Brendan Finucane QC and Fiona Horlick from 23 Essex Street.
Allen & Overy (A&O), Linklaters and SJ Berwin have bagged the key mandates on the Central Bank of Iceland’s (CBI) purchase of e938m (£808.44m) in bonds issued by Dutch company Avens in a bid to reduce the country’s external debt.
Davis Polk & Wardwell, Norton Rose, and Slaughter and May have landed leading roles on Jupiter Asset Management’s proposed £1bn IPO.
Two early draft versions of AIFMD both ruffle feathers in the City.
Stewarts Law snags fourth Manches partner subscription
Stewarts Law has made its fourth lateral partner hire from Manches in the last 15 months, after the capture of commercial litigation partner Keith Thomas.
TW fills gap with new head of telecoms subscription
Taylor Wessing has named Alcatel-Lucent corporate counsel Patrick Clark as its new head of telecoms, replacing Ted Mercer who joined Edwin Coe earlier this year.
CMS Cameron McKenna has seen its profits suffer a double-digit drop for the second year running after announcing its results to partners.
Irwin Mitchell has made up two non-lawyers to partnership status in this year’s round of partner promotions, marking the firm’s move to become a legal disciplinary practice (LDP).
Clarke Willmott has appointed chairman Stephen Rosser as its chief executive following the 11-year tenure of David Sedgwick.
Stephenson Harwood corporate partner Andrew Edge has scored his first major deal since moving from Ashurst earlier this year after advising India’s Piramal Healthcare on the $3.7bn (£2.57bn) sale of its pharmaceutical unit to Abbott Laboratories.
CMS CAMERON McKenna has admitted that a number of elements of its business support function may be retained in-house after facing a barrage of criticism over its deal with outsourcing specialist Integreon.
Julius: the UK needs its intellectuals subscription
MISHCON de Reya deputy chairman Anthony Julius is adamant that he isn’t a workaholic
LfB pilots Patriot’s buyout of West Midlands airport subscription
BIRMINGHAM-based ’virtual’ law firm Lawyers for Business (LfB) has advised Patriot Aerospace on its acquisition of Coventry Airport.
HOGAN Lovells’ London corporate practice has put in place a series of measures to encourage speedier integration between each side of the merged firm.
Stepping down subscription
As Freshfields’ co-senior partner prepares to take his leave, he puts on his salesman’s hat to highlight the firm’s successes and spell out thechallenges for the future
CLIFFORD Chance, Freshfields Bruckhaus Deringer and Weil Gotshal & Manges have lined up to represent competing bidders on the auction of RBS’s payment processing arm, with Linklaters winning the mandate on the sale side.
Olswang has become the latest firm to move away from the associate lockstep model after introducing a new pay scheme for its junior lawyers.
Herbert Smith and Linklaters have taken leading roles on the £3.3bn cash call by energy provider National Grid.
Allen & Overy (A&O) and Clifford Chance joined a trio of US firms on Man Group’s $1.6bn (£1.1bn) acquisition of hedge fund GLG partners in a deal that has seen the creation of a combined entity with $63bn of assets under management.
SJ Berwin has lost its German head of EU and competition after Milbank Tweed Hadley & McCloy swooped for Alexander Rinne to launch its own European antitrust practice.
Weil, CC and Uria act on ONO refinancing subscription
Weil Gotshal & Manges, Clifford Chance and Uria Menendez have claimed leading roles on Spanish telecoms operator ONO’s €3.5bn (£3bn) refinancing package.
Herbert Smith and Slaughter and May have taken lead roles on Prudential’s delayed $21bn (£14.6bn) rights issue, which will provide part funding for its acquisition of American International Group’s (AIG) Asian insurance arm AIA.
Taylor Wessing promotes 12 in depleted round subscription
Taylor Wessing has made up 12 associates to its partnership, with just two in London, in a reduced round of partner promotions.
Camerons outsources back office for £600m subscription
CMS Cameron McKenna has signed a £600m deal with outsourcer Integreon for it to supply its entire back office function.
FFW’s ID card work to survive change of govt subscription
Field Fisher Waterhouse (FFW) has been assured that the Government’s plan to scrap the controversial ID cards scheme will not see it lose out on its work on the project.
Many called, but few were chosen - the winners and losers who vied for political office from the ranks of the legal profession
Nabarro and Norton Rose have claimed leading roles on a deal that will see ING’s offshore real estate arm take over a portfolio of properties from Rugby Real Estates Investment Trust (Rugby Reit).
CMS Cameron McKenna, Freshfields Bruckhaus Deringer, Hogan Lovells and Norton Rose have won mandates advising on various aspects of the sale of the Tube Lines consortium to Transport for London (TfL).
Osborne Clarke has identified four key sectors in an overhaul of its strategy as it bids to target high end clients.
CMS Cameron McKenna has become the first firm to outsource its entire business support function after agreeing a £600m deal with Integreon.
Travers welcomes four new partners in promos round subscription
Travers Smith has promoted four lawyers to its partnership for the third year running.
Links' Paris chief becomes firmwide commercial head subscription
Linklaters has named Paris managing partner Arnaud De La Cotardière as its new commercial head.
Herbert Smith and Latham & Watkins have bagged lead roles on the £1.5bn sale of Harrods to the investment arm of the Qatari Investment Authority (QIA).
Ashurst, Simpson Thacher lead on Candover takeover subscription
Ashurst and Simpson Thacher & Bartlett have bagged leading roles on the proposed takeover of private equity firm Candover by Canadian pension fund Alberta Investment Management Company (Aimco).
Clifford Chance and Weil Gotshal & Manges have taken prime roles on the all-equity sale of Poundland to US-based private equity house Warburg Pincus.
Matthew Arnold & Baldwin (MAB) and McGrigors have advised on an agreement between supermarket giant Asda and price comparison website mysupermarket.co.uk.
Proskauer funds team to drive SJ Berwin talks subscription
After Orrick rejection, SJ Berwin targets global private equity via US tie-up
A wide range of deals in face of adversity creates contenders.
SJ Berwin is in talks with Proskauer Rose over a potential merger, a senior source at the City firm has confirmed.
Orrick pulls out of merger talks with SJ Berwin subscription
Orrick has put a stop to merger talks with SJ Berwin less than two weeks after it emerged as frontrunner for a tie-up with the City firm.
Clifford Chance has promoted 22 lawyers to partner, five more than were made up last year.
Allen & Overy (A&O), Cleary Gottlieb Steen & Hamilton and Herbert Smith led a clutch of firms advising on Bank of Ireland’s (BoI) e3.4bn (£2.9bn) integrated debt and equity capital raising.
With the global networks in place, Jeremy Parr can get on with what he’s best at.
Macfarlanes has become the latest firm to cut the number of new partners it has made up with just one associate being promoted.
Linklaters hands EEMEA remit to India head subscription
Linklaters has named India head Sandeep Katwala as the new managing partner of its Emerging Europe, Middle East and Africa (EEMEA) practice.
Allen & Overy (A&O), Cleary Gottlieb Steen & Hamilton and Herbert Smith led a clutch of firms advising on Bank of Ireland’s (BoI) €3.4bn (£2.9bn) integrated debt and equity capital raising.
Linklaters has made up 14 new partners, with eight coming from the ranks of its London lawyers.
This year’s round of partner promotions reveals a market in which law firms are still cautious about promoting talent. However, there is some relief in the associate ranks, with numbers generally stabilising after tailing off dramatically this time last year.
Clifford Chance and Cleary Gottlieb Steen & Hamilton have secured prize roles on one of Europe’s biggest capital raisings of recent times - Volkswagen’s e4.5bn (£3.9bn) rights issue.
Farrers faces French trial over NGN-Mosley farrago subscription
Farrer & Co is facing court action in France over its role acting for News Group Newspapers (NGN) in its 2008 battle with former FIA (Fédération Internationale de l’Automobile) president Max Mosley.
Farrers hires boost commercial property subscription
Farrer & Co has moved to bolster its commercial property team with a pair of senior lateral partner hires, with a third partner also joining to boost its commercial disputes practice.
If you had asked lawyers a fortnight ago what might cause the biggest disruption to their work you would have received a few different answers.
Links’ global partnership meeting turns to dust subscription
The continuing disruption caused by the eruption of the Icelandic volcano has forced Linklaters to cancel its annual global partnership meeting.
Matrix to focus on diversity and environment subscription
Matrix Chambers has put diversity and the environment at the forefront of its new core values ahead of the set’s tenth birthday.
Pinsents, SJ Berwin score CareTech deal subscription
Pinsent Masons and SJ Berwin have secured the mandates on AIM-listed healthcare company CareTech Holdings’ £165m debt refinancing.
Freshfields Bruckhaus Deringer has opted to ditch the dual senior partner role with a single partner filling the position following an autumn election.
The Institute of Practitioners in Advertising (IPA) has named Apple Retail’s European legal chief Elaine Hutton as its new head of legal.
Norton Rose promotes 11 in reduced round subscription
Norton Rose has made up 11 new partners, one fewer than last year and five down on 2008’s figure of 16.
SJ Berwin has made up seven new partners, an increase of one on last year’s number that has halted a run of two years of falling promotion numbers.
CC sends duo abroad in emerging markets push subscription
Clifford Chance has again pushed emerging markets work to the forefront of its strategy following the relocation of two of its most experienced London partners to Saudi Arabia and Russia, while re-emphasising its desire to see juniors spend time in different jurisdictions.
DAC brings in Manchester insurance chief subscription
Davies Arnold Cooper (DAC) has named Edward Coulson as head of its Manchester insurance practice.
Dewey & LeBoeuf and Hogan & Hartson have landed the key roles acting for Kingdom Holding Company (KHC) on its $370m (£240.42m) acquisition of the remaining shares in Kingdom Hotel Investments (KHI).
EDF legal head quits after team revamp subscription
EDF Energy has begun the search for a new general counsel following the resignation of Jean MacDonald.
Focus: The General Election, Commons goal subscription
With less than three weeks to go until the general election, The Lawyer catches up with some of the legal practitioners hoping to become the political stars of the future
Freshfields, Links lead on Essar’s LSE listing subscription
Freshfields Bruckhaus Deringer and Linklaters are understood to have secured the top legal roles on the listing of the oil and power arms of Indian industrial conglomerate Essar on the London Stock Exchange (LSE).
Govt framework firms frustrated by lack of work subscription
When government agency OGC Buying Solutions established its new legal service framework in 2007, firms of every size and shape were encouraged to pitch for places on one of eight panels in the hope of winning more government work.
Macfarlanes advises on sale of online design store subscription
Hammonds, Macfarlanes and Thomson Snell & Passmore have claimed starring roles on the sale of designer Cath Kidston’s global chain of shops to private equity firm TA Associates.
Nabarro has claimed a prize mandate acting for winning bidder General Dynamics (GD) following the award of a multibillion-pound Ministry of Defence (MoD) contract, it is understood.
They say that a talent for pool is the sign of a misspent youth. Some might even say the same about law.
Race-claim barrister in dismissal appeal subscription
The barrister who lost an Employment Tribunal racial discrimination case against three members of her former set and its senior clerk has launched an appeal.
Thorp Alberga opens in HK with double hire subscription
New offshore firm Thorp Alberga has made a move into Hong Kong with the opening of a new office and the recruitment of two partners from Maples and Calder.
Clayton Utz takes legal action against A&O defector subscription
Clayton Utz is to pursue legal action against a former partner who defected to set up Allen & Overy’s (A&O) Australian practice earlier this year.
Clifford Chance has moved to strengthen two of its key jurisdictions with the relocation of senior partners to offices in the Middle East and Russia.
Camerons parachutes in private equity 'flying squad' subscription
CMS Cameron McKenna has emphasised its commitment to growing its emerging markets presence with the recruitment of a seven-strong private equity team that was once part of Linklaters CEE ‘flying squad’.
CC re-examines associate bonuses subscription
Clifford Chance is set for a radical overhaul of its associate bonus system, with the maximum award now open only to senior associates and payments no longer based primarily on hours worked.
Centrica invites bids for places on first panel subscription
Centrica is set to launch a tender for its first-ever legal panel.
Olswang, Slaughter and May and Withers have won leading roles on the £350m sale of online fashion retailer Net-a-Porter to Swiss luxury goods group Richemont.
FFW protects new strategy moniker subscription
Field Fisher Waterhouse (FFW) has revealed its three-year strategy, known as the ’Virtuous Triangle’, and has even gone as far as trademarking the term.
Freshfields Bruckhaus Deringer has landed a lead role ahead of go-to adviser Shearman & Sterling on Daimler’s tie-up with Renault and Nissan.
Macfarlanes, Simmons & Simmons and Travers Smith have bagged the mandates on the merger of the private equity arms of investment managers Gartmore and Hermes.
Reed Smith lures Hammonds Munich trio subscription
Reed Smith has boosted its TMT practice in Munich with the hire of a three-lawyer team from Hammonds.
Shepherds corporate chief elected chair subscription
Scottish firm Shepherd and Wedderburn has elected corporate chief James Will as its new chairman.
The tie-up between British Airways (BA) and Iberia has been rubber stamped with Norton Rose and Slaughter and May landing the UK mandates.
2Birds taps Orrick for double corporate partner hire subscription
Bird & Bird has bolstered its corporate team with the hire of two partners from Orrick Herrington & Sutcliffe.
Freshfields Bruckhaus Deringer has landed a lead roll ahead of go-to adviser Shearman & Sterling on Daimler’s tie-up with Renault and Nissan.
Konstantin Mettenheimer and Guy Morton have decided not to seek third terms as joint senior partner at Freshfields Bruckhaus Deringer, opening the way for an election campaign in the autumn.
Norton Rose has continued to add to its Australian practice following its tie-up with Deacons with the relocation of its climate change head from London to Sydney in addition to a local hire.
Clifford Chance is the latest magic firm to unfreeze associate salaries, with the firm raising rates for assistants as well as allowing them to progress through the lockstep.
A&O, Freshfields each gain 18 partners subscription
Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have made up 18 lawyers apiece to their partnerships in this year’s promotion round.
Field Fisher Waterhouse (FFW) has advised Dubai retailer investor Retail Arabia International (RAI) on a franchising deal to open the first House of Fraser in the Middle East.
Freshfields creates alumni pool for overflow work subscription
Freshfields Bruckhaus Deringer is set to tap into its network of alumni to handle an anticipated upturn in work levels later this year.
Freshfields steers through Chinese Volvo acquisition subscription
Freshfields Bruckhaus Deringer grabbed a prize mandate advising Chinese company Zhejiang Geely Holding Group on its $1.8bn (£1.21bn) acquisition of Volvo from the Ford Motor Company.
Jomati hires ex-Links global business boss subscription
Former Linklaters global business manager Jenny Jones has joined Jomati Consultants, the legal consultancy fronted by former Clifford Chance managing partner Tony Williams.
Legal Ombudsman recruits in Birmingham subscription
The Legal Ombudsman has marked the opening of its new Birmingham office with the announcement of a recruitment drive that will see 300 new staff join the newly formed independent public body.
Linklaters has made a number of key appointments with Jeremy Parr taking over as corporate chief, John Turnbull becoming regional managing partner for the Americas and Marc Harvey named as global head of litigation.
Ashurst scoops Linklaters' Stockholm chief subscription
Ashurst has raided Linklaters’ Stockholm office for the hire of the magic circle firm’s Swedish senior partner Martin Börresen.
Hogan Lovells to rethink name over trademark issues subscription
The merger between Hogan & Hartson and Lovells has hit another snag after it emerged that the Hogan Lovells name has already been trademarked by a road haulage company in Nebraska.
Norton Rose harnesses power of Thames in green push subscription
Norton Rose has launched a project to generate power from the Thames tides.
Ashurst has made its first lateral partner hire in the US since it launched in the jurisdiction last year.
Linklaters holds associate pay bands at 2009 levels subscription
Linklaters has become the second magic circle firm to announce its associate pay scale for the coming year, with the firm maintaining its current rates after reducing them 12 months ago.
Ashurst adds to US partnership with lateral hire subscription
Ashurst has made its first lateral partner hire in the US since it launched in the jurisdiction last year.
Linklaters has appointed Scott Bowie as head of its global investment management team.
Freshfields Bruckhaus Deringer has made up 18 new partners in this year’s promotions round, an increase of four on last year’s figures.
Freshfields and Hogan lead on Ford's £1bn Volvo exit subscription
Freshfields Bruckhaus Deringer and Hogan & Hartson have bagged lead roles in Ford’s sale of its Volvo business to China’s Zheijang Geely Holding Group for $1.8bn (£1.21bn).
Ashurst chiefs on back foot after crisis meeting subscription
Geffen, Bromwich forced to explain laterals and junior partner ’logjam’
EU investment restrictions and tough regulations are only a matter of time.
Herbert Smith has bagged a prize mandate acting for transport group Arriva on its prospective takeover by Deutsche Bahn.
Howes Percival sets up shop in the City subscription
Regional firm Howes Percival has launched its London office with the recruitment of Blake Lapthorn insolvency chief Nick Oliver as a partner.
Linklaters names head of NY green team subscription
Linklaters has appointed Jean-Philippe Brisson to head its US environment and climate change practice in New York.
Stephensons hires hike IP capability in HK subscription
Stephenson Harwood has boosted its Hong Kong practice with the appointment of Clifford Chance consultant Audrey Shum as a partner in its IP team.
Baker & McKenzie and Mayer Brown have hit the jackpot after landing the advisory mandates on the agreement to sell National Lottery operator Camelot to the Ontario Teacher’s Pension Plan (OTPP).
Clifford Chance is set to elect two partners to replace London banking head Mark Stewart.
Simmons loses four partners, 17 lawyers to DLA Piper subscription
DLA Piper has raided Simmons & Simmons’ Rome office for a 17-lawyer team, including four partners.
Muted response to Budget from legal community subscription
Lawyers have greeted Alistair Darling’s last Budget before the general election with a lukewarm response, believing his plans to further tax the City smack of electioneering electioneering.
Clifford Chance unveils new-look partnership council subscription
Clifford Chance has unveiled its slimmed down partnership council, with four new members taking their place alongside senior partner Stuart Popham and re-elected members Joeroen Koster and Thomas Schulte.
Akin Gump Strauss Hauer & Feld and Baker & McKenzie bagged leading roles in the state-owned China National Offshore Oil Corp’s (CNOOC) $3.1bn (£2.1bn) investment in Argentinian oil producer Bridas.
Recent deals coupled with Plus’s poor performance show AIM is holding its own. By Gavriel Hollander
Ashurst, Freshfields Bruckhaus Deringer and Simmons & Simmons have taken leading roles on the merger of parts of existing Swedish and UK oil and gas entities to form a new listed company, EnQuest.
Asserson Law Offices in growth mode subscription
Israeli firm Asserson Law Offices has continued its growth with the appointment of real estate chief David Prais as managing partner alongside a quartet of new hires from London firms.
Camerons to generate cocktail chat from a computer subscription
Those awkward moments when overworked City lawyers momentarily forget a client’s name are soon to be a thing of the past, if a new scheme from CMS Cameron McKenna catches on.
Fox Williams leads on £120m fashion IPO subscription
Fox Williams, Irwin Mitchell and Memery Crystal have taken lead roles on the proposed £120m IPO of youth fashion retailer SuperGroup.
Fox Williams swoops on US firms for partner trio subscription
Fox Williams has hired three new partners, all from US firms.
IP outfit Joshi & Welch scores BP in-houser subscription
IP boutique Joshi & Welch has appointed former BP in-houser Bob Boad as its new chairman.
Stephensons prepares for office relocation subscription
Stephenson Harwood’s City office will move from its current St Paul’s Churchyard home next spring after signing an agreement with Hermes Real Estate.
Slaughter and May has made up two new partners for the second year running, with just one of the two based in its London head office.
Clifford Chance, Linklaters and White & Case took on leading roles on the recently closed €3.9bn (£3.53bn) first phase project financing of the 1,220km Nord Stream gas pipeline.
MoFo first major law firm to launch iPhone app subscription
US firm Morrison & Foerster has entered the digital age with the launch on an iPhone application MoFo2Go.
Osborne Clarke has bagged a leading role advising new client French Connection on the sale of fashion label Nicole Farhi to private equity group OpenGate Capital.
Bakers ally seals $200m Egyptian PPP deal subscription
Baker & McKenzie alliance firm Helmy Hamza and Partners secured the lead role acting for the sponsor on the first Egyptian public private partnership (PPP) to reach financial close.
Bakers partner in social mobility move subscription
Baker & McKenzie head of administration and public law Tom Cassels has been appointed a trustee of the Social Mobility Foundation.
Clifford Chance and DLA Piper have landed leading roles in a deal that has been hailed as one of the biggest debt-for-equity swaps in UK corporate history.
All bets are off as Lehman administrators PwC examine implications of Valukas findings
Firms champ at the bit at the prospect of the Deutsche Bank prize. By Gavriel Hollander
Marathon man: Christopher Aujard subscription
Christopher Aujard is no stranger to hard work, but in his role as legal director at insurer Royal London Group he is also a great believer in putting people first. By Gavriel Hollander
Norton Rose boosts Asia-Pacific tally subscription
Norton Rose has continued its Asia-Pacific push with four new partners joining the firm in Australia, along with one in Singapore.
Osborne reinforces restructuring team subscription
Osborne Clarke has bolstered its City restructuring and insolvency practice with Kennedys senior associate Andrew Mace joining the team as a partner.
Speechly grows pensions with Wedlake hire subscription
Speechly Bircham has grown its pensions practice with the hire of Wedlake Bell partner Jane Wolstenholme - the firm’s sixth lateral partner appointment in the past six months.
Stephenson Harwood chef shows that the way to lawyers’ hearts is through their stomachs subscription
Stephenson Harwood has been attracting more than its fair share of lateral hires in recent times.
Stephensons’ PQE pay model ditched subscription
Stephenson Harwood has become the latest firm to move away from the system of remunerating associates based purely on PQE.
A report into the collapse of Lehman Brothers has found that the failed investment bank exploited its relationship with Linklaters to green light an accounting practice that kept billions of dollars off its balance sheet.
Former Linklaters US securities partner Steve Thierbach has joined Herbert Smith’s London-based global capital markets practice.
Norton Rose has continued its Pacific push with four new partners joining the firm in Australia, along with one in Singapore.
Allen & Overy (A&O) and Travers Smith have continued to reap the benefit of the upturn in private equity buyouts after acting on the sale of swine flu soap manufacturer Deb Group.
Magic circle duo Clifford Chance and Linklaters have landed prime roles in the hostile takeover bid for VT Group by rival Babcock International.
CC partners set to vote on new-look council subscription
Clifford Chance has kicked off the process of electing its revamped partnership council, with voting forms being sent to partners this week.
Fasken wins AIM mandates as junior market perks up subscription
Fasken Martineau has won mandates on two AIM IPOs as well as secondary fundraising, amid signs that the junior market may finally be emerging from its two-year hibernation.
LG quartet launch private client boutique subscription
Four LG private client partners have jumped ship to set up a wealth advisory boutique in Mayfair to target ’high-end’ individuals in the UK and abroad.
Mills & Reeve extends pro bono to Brum subscription
Mills & Reeve’s Birmingham office has launched a pro bono initiative alongside the Birmingham Law School to help provide free legal advice to members of the public.
Reed Smith brings in Troutman partner subscription
Reed Smith has made the second partner hire to its London energy, trade and commodities group this year with the recruitment of Troutman Sanders partner John Varholy.
SJ Berwin puts a halt to associate flex scheme subscription
SJ Berwin has put associate development at the centre of its strategy for the next financial year after ending its flexible working scheme and initiating a plan whereby junior assessment recognises non-billable hours.
SJ Berwin and Slaughter and May have landed mandates on the listing of the Fidelity China Special Situations investment trust, the new launch from veteran fund manager Anthony Bolton.
SJ Berwin turns to Gibson Dunn for litigation hire subscription
SJ Berwin has bulked up its litigation practice with the hire of Gibson Dunn & Crutcher partner Rachel Couter.
Dawsons rebuilds employment team with BLP hire subscription
Dawsons has hired Berwin Leighton Paisner partner Paul Mander to head its employment practice following the departure of Jo Keddie earlier this year.
Simmons hires Travers partner for green push subscription
Simmons & Simmons has hired Travers Smith environment and planning partner Steven McNab to lead its London environment practice.
Clifford Chance is working on a strategy to encourage more females to take management roles at the firm after putting the issue top of the agenda at its annual partnership retreat.
Ashurst loses Edge to Stephenson Harwood subscription
Stephenson Harwood has continued to bolster its corporate practice with the hire of Ashurst partner Andrew Edge.
Magic circle partner emerges as key player in anti-Glazer bid
Two Field Fisher Waterhouse partners have left the firm’s Hamburg office to set up their own practice.
Video Test 5: You Tube videosubscription
Debevoise & Plimpton and Slaughter and May have landed prize roles on Prudential’s proposed $35.5bn (£23.9bn) purchase of American International Group’s (AIG) Asian insurance business.
Video Test 6: You Tube Index videosubscription
Debevoise & Plimpton and Slaughter and May have landed prize roles on Prudential’s proposed $35.5bn (£23.9bn) purchase of American International Group’s (AIG) Asian insurance business.
Video Test 4: Black Video Player Index videosubscription
Debevoise & Plimpton and Slaughter and May have landed prize roles on Prudential’s proposed $35.5bn (£23.9bn) purchase of American International Group’s (AIG) Asian insurance business.
Video Test 3: Silver Video Player Index videosubscription
Video Test 2: Silver Video Player In Text videosubscription
Video Test 1: Black Video Player In Text videosubscription
BLG's Dedman walks in Bond Pearce move subscription
Former Barlow Lyde & Gilbert (BLG) senior partner Richard Dedman is set to join Bond Pearce in a notable coup for the national firm.
As the US firm loses two partners, Gavriel Hollander examines its London role
DLA reinforces Scottish construction team subscription
DLA Piper has appointed former McGrigors partner Gareth Parry as the new head of its Scottish construction and engineering group.
Edwards Angell relocates in City subscription
Edwards Angell Palmer & Dodge has announced that it will relocate to a new London office in June following the expansion of its presence in the City.
Ex-Links man joins pal at headhunters subscription
Former Linklaters emerging markets head Nick Eastwell has joined legal headhunters SR Search as a senior adviser.
Field Fisher Waterhouse (FFW) and Olswang have grabbed starring roles on a tie-up between NBC Universal and Working Title Films to create a new television production company.
Parr on course to head Links’ corporate dept subscription
Jeremy Parr is set to take over as Linklaters corporate head when David Barnes stands down in April.
Slaughters moves further ahead in FTSE client race subscription
Slaughter and May has extended its lead at the top of the latest ranking of advisers to FTSE100 companies, with the firm becoming the first to have more than 30 clients among the top tier of listed companies.
Taylor Wessing advises esure on £185m Lloyds buyout subscription
Taylor Wessing has fielded a seven-partner deal team on its mandate to advise longstanding client esure on the motor insurance group’s £185m private equity-backed management buyout from Lloyds Banking Group.
Camerons to use Bristol to target lower cost work subscription
CMS Cameron McKenna is looking to treble its Bristol headcount in a bid to compete with national firms for lower cost work.
The exodus from White & Case’s London banking team has continued with Ropes & Gray hiring senior associate Tania Bedi as counsel.
Lawyers slam "populist" Takeover Panel consultation subscription
M&A lawyers have reacted with scepticism to the announcement that the Takeover Panel is to launch a consultation on the rules governing hostile takeover bids.
Freshfields Bruckhaus Deringer has lifted its associate salary freeze for the next financial year, becoming the first UK firm to do so.
Clifford Chance and Freshfields Bruckhaus Deringer have landed roles on the €5bn (£4.39bn) restructuring of Spanish real estate group Inmobilaria Colonial’s debt.
Bird & Bird and Charles Russell have emerged as the biggest winners following the Football Association’s (FA) announcement of a revamped legal panel.
Allen & Overy (A&O) and Dewey & LeBoeuf have claimed advisory roles on the sale of News Corporation’s (News Corp) Bulgarian terrestrial TV business.
Addleshaw Goddard and Norton Rose have grabbed headline roles on the sale of Guardian Media Group’s (GMG) regional media business to Trinity Mirror.
Ashurst targets India via Asia base subscription
Ashurst’s India group head has said the firm is looking to Asia to promote its Indian presence after a ruling in the Bombay High Court effectively forced it to shut its New Delhi liaison office.
Links’ all-equity plan back in the picture subscription
Linklaters is on track with its plans to move to an almost all-equity partnership, with the firm expecting its salaried ranks to account for 10 per cent of the partnership at the year-end.
Old-school practices reveal the benefits of their experience.
Taylor Wessing brings in planning chief subscription
Taylor Wessing has hired former CMS Cameron McKenna senior associate Alistair Watson as a partner to head its planning and environment practice.
Telecity coup sees Reed Smith pick up new client subscription
?Reed Smith finance partner Phillip Slater has won the firm a new client by securing the mandate on TelecityGroup’s £200m refinancing.
Freshfields and SJ Berwin lead on sale of Pantheon subscription
Freshfields Bruckhaus Deringer and SJ Berwin have taken key roles on the $775m (£489m) sale of private equity house Pantheon to Affiliated Managers Group (AMG).
FSA drops charges against Kirkland client Semperian subscription
The FSA has withdrawn charges against PPP investor Semperian, which was advised by Kirkland & Ellis, as well as the company’s former chief executive.
Links and White & Case advise on Russian bond issue subscription
Linklaters and White & Case have landed leading roles on Russia’s first convertible bond issue for nearly a decade.
Clifford Chance has hired the founder of Ashurst’s Tokyo office Alan Kitchin to head its corporate and projects practice in the Japanese capital.
Salans has raided Mayer Brown to launch a new Brussels office with seven lawyers moving from the US firm’s local office.
Legal process outsourcing (LSO) company CPA Global has named former Rio Tinto managing attorney Leah Cooper as its strategy director.
Links and SJ Berwin lead on CIC's Apax investment subscription
Linklaters and SJ Berwin have claimed key roles for sovereign wealth fund Chinese Investment Corporation’s (CIC) $956m (£611m) investment in Apax Partners.
Allen & Overy (A&O) has followed its move into the Australian market by opening an office in Qatar.
The Australian legal fraternity has been spending much of the past week mulling over the consequences of Allen & Overy’s (A&O) sudden encroachment into its backyard.
Appeal decision erodes banks’ anti-crime tactics subscription
The Court of Appeal has ruled that bank customers whose transactions are delayed because of money laundering suspicions will have the right to challenge banks’ decisions.
Ashurst and Clifford Chance have benefited from the mini-revival of the private equity M&A market by landing lead roles on the sale of LGC Holdings to Bridgepoint.
Allen & Overy (A&O), Ashurst, DLA Piper, Freshfields Bruckhaus Deringer and Osborne Clarke have bagged roles on the demerger and subsequent £1bn refinancing of Carphone Warehouse and TalkTalk.
Cubism Law launches insurance group subscription
Litigation specialist Cubism Law has started a dedicated insurance group with the hire of two new consultants.
Debevoise bolsters European litigation subscription
Former Russell Jones & Walker partner Tom Epps has joined Debevoise & Plimpton as international counsel in its European litigation practice.
FFW hikes Brussels IP team with A&O hire subscription
Field Fisher Waterhouse (FFW) has built up its Brussels IP practice with the hire of former Allen & Overy (A&O) of counsel Thierry van Innis.
Links loses US-qualified securities partner subscription
Steve Thierbach, Linklaters’ first solely US-qualified partner, has left the firm.
Norton Rose increases partner count in HK subscription
Norton Rose has continued to target the wider Asia market following its tie-up with Australian firm Deacons, with two corporate partners relocating to Hong Kong.
Taylor Wessing announces new KM chief subscription
Taylor Wessing has appointed Andrew Telling as its UK head of knowledge management.
A ’premier league’ of advisers has arisen to tackle clubs’ money issues. By Gavriel Hollander
The former Eversheds partner at the centre of a row over questioning a female interviewee’s commitment to full-time work has claimed that the firm made advance inquiries about the candidate at her place of work without her consent.
Clifford Chance saw the deficit on its defined benefit pension scheme grow by nearly 50 per cent in 2008-09, according to recently filed Companies House accounts.
Norton Rose has continued to build its finance practice with the capture of Denton Wilde Sapte’s co-head of banking Nick Grandage.
Osborne Clarke leads on Carphone Warehouse demerger subscription
Allen & Overy (A&O), Ashurst, DLA Piper, Freshfields Bruckhaus Deringer and Osborne Clarke have bagged roles on the demerger and subsequent £1bn refinancing of Carphone Warehouse and TalkTalk.
Ropes & Gray beefs up finance with Freshfields hire subscription
Ropes & Gray has continued to expand its newly opened London office with the hire of Freshfields Bruckhaus Deringer finance counsel Matt Cox as a partner.
Addleshaw Goddard, Cuatrecasas, Herbert Smith, Salans and Uría Menéndez have won mandates on HgCapital’s latest renewable energy investments.
Dawsons has lost its second employment partner in a month with the departure of Jill Andrew to Marriott Harrison, it has emerged.
Jaguar sale sees legal function overhauled subscription
Jaguar Land Rover legal chief Keith Benjamin is revamping his global legal team after the business was sold by Ford to India’s Tata Motors.
The former general counsel at Chubb Europe’s commercial lines department David Casement has left to form a new legal team at Mitsui Sumitomo Insurance Group.
No5 moves for 2 Hare Court silk subscription
Leading fraud and crime specialist David Howker QC has joined No5 Chambers from 2 Hare Court. A silk since 2002, Howker was previously standing counsel to HM Customs & Excise.
Norton Rose, Bakers start on Finnish mining contract subscription
Norton Rose and Baker & McKenzie have landed leading roles on the $335m (£209m) refinancing of Talvivaara’s project-financed nickel mine in Finland in a ’streaming deal’.
Six Nations: a union of lawyers and rugby subscription
Rugby and the law have always been happy bedfellows. In the innocent amateur days of yore it was not uncommon to see a barrister tearing down the wing or mixing it in the front row at your local club.
Stephenson Harwood hikes finance practice subscription
Stephenson Harwood has beefed up its finance team once more following the hires of partner Jayesh Patel and senior associate Jonathan Proctor from Denton Wilde Sapte.
Warburg calls on CC for advice on Survitec buy subscription
Clifford Chance has scored a lead role on Warburg Pincus’s £280m acquisition of safety and defence equipment manufacturer Survitec from fellow private equity firm Montagu.
Has the US firm learnt nothing in the two years since losing Allen and Goetz? asks Gavriel Hollander
Ashurst has bulked up its global energy team with the hire of Centrica Energy’s general counsel Peter Roberts.
Linklaters head of corporate David Barnes is set to stand down in April as the fixed terms of a number of key management figures come to an end.
Slaughter and May corporate partner Nilufer von Bismarck has been included in the Institute of Chartered Secretaries and Administrators’ (ICSA) Higgs review steering group.
Freshfields launches transatlantic fraud group subscription
Freshfields Bruckhaus Deringer has launched a global investigations practice in an effort to respond to the increasing risk to clients from cross-border regulatory investigations.
Linklaters names Hong Kong partner as Shanghai chief subscription
Linklaters has continued the re-organisation of its Asian corporate offering with the appointment of Teresa Ma as head of its Shanghai office.
Cleary hit by double partner departure in London subscription
US firm Cleary Gottlieb Steen & Hamilton has lost two London-based partners with capital markets partner Ashar Qureshi and competition partner Shaun Goodman both leaving the firm.
Mayer Brown has continued to strengthen its London leveraged finance team with the hire of leveraged finance partner Neil Caddy from Allen & Overy (A&O).
Clifford Chance, DLA Piper, Ogier and Travers Smith led the way on a £440m investment by private equity house Intermediate Capital Group (ICG) in legal process outsourcer CPA Global.
Weil Gotshal & Manges has bagged a role advising Advent International on the £190m acquisition of pension and employment benefit group Xafinity from Duke Street Capital.
Pinsent Masons has retained its place at the top of Hemscott’s quarterly AIM rankings, maintaining the greatest number of AIM clients in the final quarter of 2009.
Ashurst corporate star quits M&A for MA subscription
Ashurst corporate partner David Kershaw will leave the firm after 28 years to go back to university.
Ashurst works magic for Merlin’s Florida buy subscription
Ashurst has scooped a lead role on a deal that will see the development of a new $100m (£61.8m) theme park in Florida.
BP lures GC from British Gas to head ‘downstream’ subscription
Former British Gas general counsel Adrian Morris has been appointed associate general counsel for BP’s global refining and marketing division.
City firms pitch in on MoJ law centre scheme subscription
A group of City law firms has helped fund a Ministry of Justice (MoJ) scheme to support the South West London Law Centre (SWLLC).
Dewey & LeBoeuf has landed lead roles on two major acquisitions by longstanding client Bank Audi.
Linklaters’ Paris office has scored a victory in the French Court of Appeal, acting for three subsidiaries of steel giant ArcelorMittal to reduce the fine the company received for acting in a cartel by almost 90 per cent.
After a dire 2009 Clifford Chance is pinning its hopes on its young guns.
Wastepack names new legal director subscription
Wastepack Group has named James Geary as its director of legal affairs and company secretary.
South coast firm Lester Aldridge has hired two new partners as part of a recruitment drive that has seen five staff join since the start of the year.
GTM advises Bristol Water on Ofwat pricing battle subscription
Greenberg Traurig Maher (GTM) has been instructed by Bristol Water on its pricing battle with water regulator Ofwat.
Eversheds was forced to carry out an internal investigation after litigation partner Stuart Dutson sent an email questioning the commitment of a female interviewee who had recently had a child.
Norton Rose has ditched its flexible working scheme three months ahead of schedule, citing an increase in activity.
Herbert Smith has bolstered its financial services regulatory (FSR) and bank litigation practices with the appointment of Lloyds Banking Group’s regulatory chief Jenny Stainsby as partner.
Camerons adds strength to Warsaw TMT practice subscription
CMS Cameron McKenna has bolstered its eastern European offering with the capture of the head of strategy from one of Poland’s leading telecoms operators.
Focus: Private Equity - Say hello to good buyouts subscription
Although no one is banking on a return to the boom of 2006, the general consensus is that, at least as far as the buyout market is concerned, 2010 is a time to believe
Former judge joins third-party funder subscription
Former High Court judge Sir Gavin Lightman has joined third-party funding group Harbour Litigation Funding as chair of the investment committee.
Herbert Smith’s ongoing relationship with Nortel administrator Ernst & Young (E&Y) has borne more fruit for the firm, with a multijurisdictional group of partners advising on the sale of several businesses.
Links to shake up US management subscription
Linklaters Americas managing partner John Tucker will stand down from the role when his three-year term ends in April, with the firm believed to favour a return to a US-based partner at the helm.
Linklaters has bagged a role advising commodities company Glencore on its $2.2bn (£1.35bn) bond issue - a deal that could pave the way for a flotation later in the year.
Stephenson Harwood snares Ashurst star subscription
Stephenson Harwood has hired project finance partner Nick Avery for its finance practice.
Survey shows hours billed determines bonus levels subscription
Bonus payments for partners below equity level are based more on recorded and billed hours than on business development and competency-based performance, according to legal recruiters First Counsel.
Walkers launches HK funds group subscription
Offshore firm Walkers has set up a Hong Kong-based investment funds group led by M&A partner Carol Hall.
Financial regulation lawyers are gearing up for a flood of work following the unveiling of US President Barack Obama’s radical plans to overhaul the banking system.
Clifford Chance is planning to cut the membership of its partnership council by 40 per cent as part of a radical shake-up of its management structure.
A clutch of UK and US firms are celebrating after the board of Cadbury gave the green light to Kraft’s approved offer for the British chocolate maker.
Singapore a strategic imperative for Anglo-Australian giant
Pannone focuses on disability rights subscription
?Richard Copson has joined Pannone to head the disability rights legal services team following a move from Glaisyers.
SJ Berwin property partner joins Shepherds subscription
?Shepherd & Wedderburn has appointed Michael Scott as a partner in the property group.
Withers faces Commons investigation over email to MP subscription
Withers is facing a House of Commons investigation after an MP accused the firm of undermining parliamentary privilege.
US duo Fried Frank Harris Shriver & Jacobson and Simpson Thacher & Bartlett have bagged leading roles on Virgin Media’s £1.5bn bond issue.
Ashurst acts on National Express's £350m bond issue subscription
Ashurst has advised longstanding client National Express on a £350m bond issue as part of the rail, bus and coach operator’s return to stability after a difficult 2009.
London-based partner Stuart Salt will take over as Linklaters’ Asia managing partner next month, replacing incumbent Zilli Shao.
Eversheds and Norton Rose have headed a clutch of firms advising on a £100bn UK government investment in offshore wind farms.
Ashurst has appointed corporate partner Anthony Clare as a new member of its nine-strong management board.
Latham & Watkins has bolstered its London corporate group with the capture of private equity specialist Graeme Ward from Ashurst.
A&O and Latham tackle Man U bond subscription
Allen & Overy (A&O) and Latham & Watkins are understood to have scored lead roles on Manchester United’s £500m bond issue.
Allen & Overy’s (A&O) Dubai office has bagged a mandate acting for the Libyan Investment Authority (LIA) on its Can$317m (£190m) acquisition of Canadian-listed oil and gas exploration company Verenex.
Despite competition clearance and a fair valuation, the deal could still go either way, says Gavriel Hollander
Osborne Clarke arrivals add RPO nous subscription
Osborne Clarke has strengthened its employment practice group with the hire of two recruitment outsourcing specialists.
SJ Berwin helps Arques offload car purchases subscription
SJ Berwin has advised existing client Arques Industries on the sale of two British motoring businesses, both of which were acquired in the previous 14 months.
Arnold & Porter poaches London IP team from Milbank subscription
Arnold & Porter has bulked up its London IP practice with the capture of a four-lawyer team - led by partner David Perkins - from Milbank Tweed Hadley & McCloy.
Denton Wilde Sapte and TLT Solicitors have secured lead roles on Virgin Money’s first venture into the banking sector through its offer to buy private bank Church House Trust.
Salans turns to Ashurst for German hire subscription
Salans has beefed up its German restructuring practice with the hire of former Ashurst partner Dietmar Schulz.
CMS Cameron McKenna Moscow real estate partner Steven Shone will relocate to Shanghai as a precursor to the CMS network’s launch of a new office.
Covanta Energy has raided waste management rival Waste Recycling Group (WRG) to appoint Fiona Penhallurick as its new director of legal services.
Linklaters has again reaped the benefit of its ongoing relationship with PricewaterhouseCoopers (PwC) as the fallout from the 2008 collapse of Lehman Brothers continues.
Links and Weil advise on sale of DHL subscription
Weil Gotshal & Manges has delivered the goods for Home Delivery Network (HDN) on its acquisition of DHL Domestic from German rival Deutsche Post DHL.
Mischon de Reya has bolstered its real estate practice with the capture of two of SJ Berwin’s star performers.
Freshfields Bruckhaus Deringer and Slaughter and May have taken lead advisory roles on China Pacific Insurance’s $3.1bn (£1.9bn) IPO.
18 St John Street adds trio to staff subscription
Manchester’s 18 St John Street Chambers has made three new appointments.
Burges Salmon: ‘Business as usual’ despite exit subscription
Burges Salmon’s incoming managing partner has insisted it will be “business as usual” at the Bristol firm, despite the shock exit of his predecessor after less than a year in the top job.
Freshfields unveils female retention plan subscription
Freshfields Bruckhaus Deringer has launched a gender diversity initiative in a bid to improve its retention rate among female solicitors.
Surviving recession still top of agenda; diversification, restructuring and mergers could save the day
Fee models, outsourcing and the implications of the Legal Services Act (LSA) are among the hot topics as the legal market gears up for a tough 2010. Indeed, it is the need to adapt to a changing market that is exercising most minds at the cutting edge of the business.
Making a splash: Huw Brooker, Ofwat subscription
With the issues of severe flooding, an increased remit for the regulator and a legal panel to finalise, it’s sink or swim for Ofwat legal director Huw Brooker.
Slaughters, Links, Freshfields retain top UK slots but still suffering from downturn. By
Freshfields Bruckhaus Deringer and Travers Smith have netted key roles on a groundbreaking deal that will see the London Stock Exchange’s (LSE) purchase online trading platform Turquoise.
Clifford Chance competition partner Thomas Vinje has claimed victory for client Oracle at the European Competition Commission after clearing the way for its purchase of Sun Microsystems.
Freshfields Bruckhaus Deringer London banking head David Winfield will take on the new role of Asian head of finance in January as one of three new partners at the firm’s Hong Kong office.
Lovells and Norton Rose win roles on Swiss PPP deal subscription
Norton Rose has helped a consortium featuring the German arm of construction company BAM and Swiss company Marti finance a public-private partnership (PPP) project in Switzerland.
Burges Salmon managing partner Chris Jackson has stood down from the role just under a year after taking the top job at the Bristol firm.
Recession takes its toll on corporate mid-tier subscription
Figures attained from Companies House filings have revealed the extent to which the financial crisis has hit partnership levels at mid-tier City firms.
Travers’ big idea: learn a language, get clients subscription
Fresh from a sabbatical in India, Travers Smith’s incoming managing partner Andrew Lilley is upping the firm’s focus on its international profile by providing intensive language courses for its lawyers.
Allen & Overy, Clifford Chance and Freshfields Bruckhaus Deringer have bagged leading roles on one of Europe’s biggest private equity deals since the Lehman bankruptcy in September 2008.
Norton Rose chief optimistic after flat first half subscription
Norton Rose chief executive Peter Martyr has said he is “cautiously optimistic” about the rest of this financial year after the firm posted flat turnover figures for the first six months of the year.
Chancellor Alistair Darling has come under attack from City lawyers following the announcement of a rise in National Insurance alongside a further tax on bankers’ bonuses.
Ashurst names new Stockholm head subscription
Ashurst has appointed Jon Ericson as its new Swedish managing partner following the departure of former Stockholm head Jonas Bergh.
Finers makes fourth lateral hire this year subscription
Druces’ former litigation chief Tim Bignell has joined Finers Stephens Innocent as part of its litigation practice.
Freshfields launches its own Facebook site subscription
Freshfields Bruckhaus Deringer is embracing the technological age, launching a social networking site as a virtual means of keeping hold of employees and alumni.
Links in radical move to reject over-specialisation subscription
Promotion to be contingent on associate versatility. Senior managers at Linklaters have kicked off discussions over a radical shake-up of the firm’s training programme as it seeks to usher in a new breed of generalist associates.
New employment partner at Reed Smith subscription
Reed Smith has hired employment partner Graham Green from McDermott Will & Emery.
Osborne takes on new City practice head subscription
Osborne Clarke has hired Taylor Wessing real estate partner Brian Greenwood to head its City planning practice.
SJ Berwin scores lead role on life sciences deal subscription
SJ Berwin has clinched a lead role advising one new and one existing client on part of a £16m investment in pharmaceutical company Oxagen.
SJ Berwin: deferring pay is prudent subscription
SJ Berwin managing partner Ralph Cohen has defended the decision to withhold partner profit distribution payments for the third consecutive quarter.
Slaughters regains top spot on FTSE100 list subscription
Slaughter and May has reestablished its position as the leading firm for FTSE100 companies, pushing Linklaters down into second place.
Travers chief to become firm’s ‘US ambassador’ subscription
Chris Carroll will take on an unofficial roving ambassador role for Travers Smith once he stands down as managing partner of the firm in January.
Walkers oversees Cayman bond issue subscription
Offshore big-hitter Walkers Global has landed a lead role on the Cayman Islands government’s $312m (£187.05m) sovereign bond debt offering.
Slaughter and May has pulled in £32.9m worth of fees from the Treasury since 2007, according to a National Audit Office (NAO) report.
Bromwich gets three more years as Ashurst chief subscription
Simon Bromwich has secured a third term as managing partner at Ashurst following a management board decision earlier this week.
US law firms are preparing to increase their billing rates by as much as 6 per cent in 2010, despite widespread predictions of rate freezes.
Taylor Wessing revenue 15 per cent down at half year subscription
Taylor Wessing claims it is on track to hit its financial targets for 2009-10 despite posting half-year figures showing a 15 per cent downturn.
Addleshaw Goddard and Linklaters have secured mandates on Yorkshire Building Society’s proposed merger with rival Chelsea.
SJ Berwin loses corporate partner from Frankfurt subscription
SJ Berwin’s German practice has lost its second corporate partner since May following the departure of private equity specialist Jürg Windt.
Herbert Smith and McGrigors have landed lead roles on the refinancing of a US$750m (£451m) debt facility for Scottish energy company Cairn Energy Hydrocarbons.
SJ Berwin has bagged a mandate from existing client Aldermore Bank on its integration of listed financial service company Absolute Invoice Finance Holdings.
Collyer Bristow has landed the mandate to act for longstanding client Avia Health Informatics on its acquisition of the Plain Software Company and £1.2m admission on AIM.
Eversheds hires Hammonds litigation trio subscription
Eversheds has snapped up litigation and licensing expert Hosea Haag as a new partner.
Freshfields leads on £250m Gartmore IPO subscription
Freshfields Bruckhaus Deringer has bagged the key role acting for new corporate client the Gartmore Group on its £250m IPO.
Norton Rose reinforces capital markets subscription
Norton Rose has beefed up its capital markets practice with the capture of former Clifford Chance partner Kate Alliott.
Associate-to-partner ratio is always a hot topic during a recession, says Gavriel Hollander
Trowers & Hamlins has acted on Islamic investment bank Gulf Finance House’s (GFH) $500m (£301m) capital raising exercise.
Ashurst sees turnover drop by 14 per cent subscription
Ashurst has posted a 14 per cent dip in first half revenue, with fee earners bringing in £136m compared with £158m in the same period last year.
CMS Cameron McKenna has become the latest top 20 firm to post a drop in fee revenue for the first half of the financial year.
Ashurst has played a major role in helping beleaguered transport operator National Express secure a disputed £360m rights issue, despite opposition from its major shareholder.
Taylor Wessing revs up corporate with Brawn GP deal subscription
Taylor Wessing has bagged the mandate to act for Brawn GP on the Formula 1 team’s acquisition by Mercedes Benz parent company Daimler AG.
Dawsons has won a major payout for a former News of the World sports reporter after it was found that former editor Andy Coulson had subjected him to a campaign of newsroom bullying.
Andrew Forryan has been elected the new head of Clifford Chance’s London capital markets practice from next January.
Freshfields Bruckhaus Deringer has bagged the key role acting for new client The Gartmore Group on its £250m IPO.
Allen & Overy, Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May have secured lead roles on Lloyds Banking Group’s mammoth £22.5bn capital raising.
Linklaters Asia boss quits for JPMorgan subscription
Linklaters has lost its second Asia managing partner within 12 months following the announcement that Zili Shao will be leaving the firm in January.
Ashurst hires RBS UK corporate head subscription
Ashurst has hired the former head of RBS’s UK corporate and global restructuring legal team Lee Doyle as partner in its loan markets practice.
The battle over the East Coast franchise just won’t go away. By Gavriel Hollander
Foil wraps up first chief exec appointment subscription
Lobby group the Forum of Insurance Lawyers (Foil) has appointed Laurence Besemer as its first chief executive.
Ashurst and Nabarro have bagged advisory roles on property developer Quintain’s £191m rights issue.
Shepherds brings in second recent lateral subscription
Shepherd and Wedderburn has made its second lateral partner hire in as many months, with Guy Harvey joining its commercial dispute resolution practice.
Six-month financials show promising market subscription
The first half of the 2009-10 financial year has provided a mixed bag of results for law firm revenues, but some stability seems to have returned to the market.
A&O abandons deferred bonus for associates subscription
Allen & Overy (A&O) has abandoned its deferred bonus system following its annual survey of associates.
Clifford Chance global managing partner David Childs is to stand unopposed for a second term in the role.
Four City firms advise Government on banks sell-off subscription
Allen & Overy, Herbert Smith, Simmons & Simmons and Slaughter and May have won roles on a new Government panel to handle the sale of its stake in banks bailed out during the financial crisis.
Ofwat launches tender for inaugural legal panel subscription
Water and sewage industry regulator Ofwat is looking to put together its first-ever legal panel and is in the process of asking firms to tender for places.
Linklaters and Slaughter and May have bagged mandates on JPMorgan’s £1bn buy-out of the remaining half of UK broker Cazenove.
Lyceum Capital injects £25m into LPO start-up subscription
Business service provider Laureate Legal Services (LLS) has secured £25m of funding from private equity house Lyceum Capital as it seeks to take advantage of the upsurge in legal outsourcing work.
Revenue up 8 per cent at Stephenson Harwood subscription
Stephenson Harwood has performed reasonably strongly at the half-year stage, with the firm’s worldwide revenue 8 per cent up on the same period in 2008-09.
Field Fisher Waterhouse has landed a role advising film entertainment company Handmade on a fundraising to allow it to buy intellectual property assets from the Duchess of York.
Clifford Chance senior partner Stuart Popham is to chair a new organisation that will represent the interests of the UK’s financial services industry.
Law firms are growing increasingly confident about the year ahead, but any optimism is still guarded.
SJ Berwin has promoted associate Vanessa Therrode to partner so she can head the firm’s structured finance practice.
Norton Rose and Slaughter and May have bagged advisory roles on British Airways’ proposed £4.4bn merger with Spanish carrier Iberia.
Macfarlanes’ first set of LLP results reveal a disparity between the profitability figure for the 2008-09 financial year and the number the firm released at the end of its financial year.
City law firms are being accused of taking advantage of the economic downturn by slashing associate pay as they move away from the lockstep model.
DLA Piper snares Paris Proskauer partner subscription
DLA Piper has appointed Proskauer Rose partner Jean L’Homme as a partner in its finance and projects practice in Paris.
Firms warned against ditching associate lockstep subscription
City managing partners are warning that ditching associate locksteps as the job market shows signs of recovery could be harmful.
London Mining calls on Travers for AIM IPO subscription
Travers Smith advised London Mining on its IPO on AIM as well as a £72m placing of existing shares.
Radcliffe welcomes fourth new tenant subscription
Edward Hicks has become the fourth new tenant to join Radcliffe Chambers this year.
In today’s economic climate, survival may not solely be about playing to one’s strengths, says Gavriel Hollander
Travers’ employment team loses partner subscription
Travers Smith employment partner Dorothy Henderson has resigned from the firm, leaving just six female partners in its ranks.
Freshfields to go live with new associate pay model subscription
Freshfields Bruckhaus Deringer will implement its revamped associate career development model in London from spring 2010 with the system to be rolled out globally from 2011.
Ashurst and Freshfields Bruckhaus Deringer have been mandated to act on National Express’ £360m cash call.
Indian firms Khaitan & Co and Bharucha & Partners have advised on The Blackstone Group’s acquisition of a Rs3bn (£40m) stake in logistics company Gateway Rail Freight.
Devereux Chambers silks Colin Edelman QC and Colin Wynter QC are set to go head-to-head in the Court of Appeal as one of The Lawyer’s top trials of 2008 prepares for a three-week appeal hearing.
Baker & McKenzie has advised new client Centamin Egypt on its primary listing and admission to the main market of the London Stock Exchange.
SJ Berwin has restarted its profit distribution payments, having not paid out the quarterly windfall to its partnership for more than a year.