A trio of US firms have been handed roles as UK private equity house Lion Capital buys Russia’s biggest vodka brand in a deal worth $600m (£303m). Weil Gotshal is representing Lion Capital, with London-based corporate partner Ian Hamilton working alongside Michael Francies and tax partner Sarah Priestley. Russian Alcohol, which makes Green Mark Vodka, […]
The London office of Dundas & Wilson has won a High Court victory for the Pension Protection Fund (PPF) that will have wide-reaching implications for thousands of pensioners in insolvent companies. Sitting in the Chancery Division, Mr Justice David Richards found in favour of the PPF in a long-running case relating to asbestos producer Turner […]
A Swit of a palaver23-May-2008When the news contains a legal chief, a venerable City institution managing £102bn of assets and what could be the largest sex discrimination payout in British history, the story just writes itself.
Olswang has posted an 11.2 per cent increase in revenue over the past year, up to £92.4 million from 83.1m the year before. The firm’s commercial team reported growth of 28 per cent in 2007 while the corporate group grew 12 per cent year-on-year. The figures show a steady growth but will not help block […]
Berwin Leighton Paisner (BLP) has announced a turnover climb of 10 per cent to £186m from £169m last year. The majority of the growth was driven by tax, corporate and litigation, whereas real estate fared less well at growth of only around 5 per cent. Managing partner Neville Eisenberg said: “Unsurprisingly in the first half […]
The challenge against the ex F&C Asset Management legal chief’s multi-million pound discrimination claim has failed.
Solicitors in Scotland have voted in favour of the introduction of alternative business structures (ABS), paving the way for a level playing field between the legal markets in Scotland and England and Wales. At a special debate at the Law Society of Scotland’s AGM, held yesterday (22 May), practitioners supported proposals that will allow law […]
Clifford Chance has snared a lead role on a $1.15bn (£580m) Kuwaiti listing on the London Stock Exchange. Clifford Chance partners Simon Sinclair and Robert Trefney led the firm’s team advising Kuwaiti investment company Global Investment House on the listing of global depository receipts in London. This is the first listing of its type for […]
US firms Cravath Swaine & Moore and Paul Weiss Rifkind Wharton & Garrison snared lead roles on Time Warner’s $9.25bn spin off of its cable television operations.Long standing advisers Cravath advised Time Warner on the deal, which will see the…
CMS Cameron McKenna’s average profit per equity partner (PEP) has rocketed by 30 per cent, to £650,000 from £502,000 a year ago. In financial results announced today, the firm also revealed turnover of £235m, a rise of 19 per cent on last year’s £197.4m. Duncan Weston, who took over as Camerons managing partner this month, […]
Latham & Watkins has today (Thursday 22 May) announced the appointment of David Heller as the new global chair of the firm’s finance department. Heller is currently co-chair both of Latham’s insolvency and Latin American practice groups. A restructuring specialist, Heller has represented senior and junior secured and unsecured lenders in workouts and bankruptcy proceedings […]
Media and entertainment firm Harbottle & Lewis has appointed a new managing partner, with tax partner Glen Atchison taking over from Lawrence Abramson. Atchison will take up his new role at the start of June, after leading the tax practice for 10 years. He has been on the firm’s management committee since 2006. Atchison said: […]