The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Allen & Overy's (A&O) legendary leveraged finance partner Tony Keal has left the firm just one month into the standard six-month notice period, taking his entire book of business with trophy client Kohlberg Kravis Robert (KKR) to new firm Simpson Thacher & Bartlett.
Widely viewed as one of the best leveraged finance lawyers in Europe, Keal advised KKR on all of its UK debt financings.
One A&O partner conceded that it would have been virtually impossible to hold onto any KKR instructions given Simpson Thacher's special relationship with KKR.
Keal resigned from A&O to join New York-based Simpson Thacher on 14 September, following a series of clashes with the magic circle firm's senior management (The Lawyer, 19 September). He left A&O on 7 October after more than 30 years with the firm.
During his time at A&O Keal clashed with A&O senior management over a number of issues, including the differing contributions to the bottom line made by the firm's corporate and banking practices and on assistant pay.
Keal is the third UK-qualified partner in Simpson Thacher's London acquisition finance team. He joins Euan Gorrie, another former A&O partner, and former Ashurst partner Stephen Short.