Mergers: bigger is not always better subscription
Merger activity over the past three years shows a trend for consolidation, but UK 200 data shows not all tie-ups create a better balance sheet.
Exactly one year on from becoming Aurelius’ first UK-based legal counsel, The Lawyer caught up with Kimberley Whitaker to see how her role has developed
"We kissed a lot of frogs": Jones Day's City head Phillips on the firm's lateral hiring spree subscription
For a couple of weeks in September 2014, there seemed to be no end to Jones Day’s hiring spree.
Responding to the enforcers: How regulatory pressure is reshaping in-house teams in the banking sector subscription
Banking sector legal heads are continuing to realign their in-house teams following a period of intense regulatory scrutiny on the industry.
GCs in banking – The big bank load subscription
The pressure on in-house lawyers in the financial services sector is growing as banks face up to new challenges such as greater regulatory scrutiny.
Firms including Macfarlanes, Nabarro and Travers Smith have won roles on the listing of bar chain Revolution on the London Stock Exchange.
Over the past week or so, there has been notable deal activity sprouting from one part of the world. Step forward, Canada - whose institutional investors have been on a spending spree on this side of the pond.
A raft of firms including Clifford Chance, Morgan Lewis, Nabarro and Pinsent Masons have advised on the acquisition of Liberty Living by Canada Pension Plan Investment Board (CPPIB).
Fried Frank launched in London in 1970. But the hire of Kirkland & Ellis UK head Graham White is a more recent statement of intent. Here’s why.
Firms including Clifford Chance, CMS Cameron McKenna and Freshfields Bruckhaus Deringer have stepped up to advise on the sale of the Government’s stake in Eurostar.
Weil Gotshal & Manges’ UK revenue grew by 9.6 per cent in 2014, from $114m to $125m (£82m).
DLA Piper’s global revenue held steady at $2.48bn (£1.626bn) last year, following a 1.7 per cent growth during the 2013 calendar year.
Shearman & Sterling is gearing up to significantly expand its presence in the Middle East, with plans for new outposts in Dubai and Riyadh.
Two more Clifford Chance partners, Peter Rosin and Thomas Burmeister, have left the firm’s German practice.
Latham & Watkins has elected two London-based counsels to its partnership, amounting to just under a quarter of its global total for 2015.
While the M&A market has generally been on the up, it’s clear that one group has been given a major boost by the recent activity: offshore firms.
Lloyd’s of London underwriter Marketform has appointed Alastair McKay as its new general counsel.
UK competition lawyers have a new regulator and new rules to follow when handling mergers. Is it ‘business as usual’ as the old OFT and CC promised?
"It takes time to convince people to leave their comfort zone": Jim Learner talks Kirkland's big name hires subscription
When Kirkland & Ellis’ London head Graham White quit the firm last October to join Fried Frank Harris Shriver & Jacobson, there were a few names in the frame to succeed him.
Shearman & Sterling’s London office increased its revenue from $134.8m to $144.6m (£93.4m) in 2014, marking its fifth year of consecutive growth.
There were an eclectic bunch of hot topics on the agenda on the closing day of the Global Law Summit, ranging from human rights to bribery and shareholder activism.
Milbank Tweed Hadley & McCloy has hired a pair of Linklaters projects partners, Matthew Hagopian and Manzer Ijaz.
Linklaters and HSF advise on revived Aldermore IPO subscription
Linklaters and Herbert Smith Freehills are among the firms to win a spot advising on the initial public offering of challenger bank Aldermore.
Latham & Watkins’ revenue has rocketed by 14.3 per cent between 2013 and 2014, from $2.28bn to $2.61bn (£1.69bn).
Tullett Prebon has hired Arle Capital general counsel Philip Price as its new group general counsel and global compliance head.
WilmerHale’s average profit per equity partner grew by 7 per cent in 2014, from $1.5m to $1.6m (£1.03m) even as the firm’s revenue stalled at just under $1.1bn (£712m).
Arnold & Porter grew its revenue by 1.2 per cent in 2014, boosting its total income from $686m to $694m (£449m).
Insurance and drinks cans aren’t usually the most scintillating of topics. But they’ve certainly had tongues wagging among public M&A lawyers over the past couple of weeks.
White & Case has increased its revenue to the $1.5bn (£976m) mark for 2014, a rise of 4.2 per cent on its figure of $1.44bn in 2013.
King & Spalding grew its revenue by 8 per cent in 2014, from $861.4m to $934m, marking a revenue increase of more than a third over the past five years.
Proskauer targets London. Again. subscription
US firm Proskauer has started 2015 with a statement of intent, hiring former SJ Berwin corporate chief Steve Davis to head its team in the City.
Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have won roles advising on the proposed merger of the world’s two largest drinks can manufacturers.
Ashurst doubled its cash reserves from £15.5m to £30.4m in 2013/14, according to its latest LLP accounts filed with Companies House.
As many as 43 per cent of lawyers intend to work part-time during retirement to supplement their income, new research has shown.
West End firm Spring Clark has hired former Minter Ellison partner Nigel Clark to bulk up its corporate and finance partner ranks and become its chief operating officer (COO).
Freshfields Bruckhaus Deringer competition partner John Davies has taken a leadership role in a new legal network, which aims to keep Britain in the EU.
Fried Frank Harris Shriver & Jacobson has advised on a first-time mandate for private equity house CVC Capital Partners, following a number of strategic lateral hires.
Cooley has announced a 19 per cent increase in revenue for the 2014 financial year, with turnover growing from $674m to $802m (£524.5m).
Kirkland & Ellis has made its second London lateral hire in a month, picking up Linklaters corporate star Matthew Elliott.
HSBC has instructed Berwin Leighton Paisner (BLP) for legal advice, following the leak of client accounts by whistleblower Hervé Falciani.
Allen & Overy (A&O) and Linklaters earned fees of approximately £10.4m for their advice on the proposed £5.6bn merger of insurance companies Aviva and Friends Life.
It’s early days, but one clear trend to emerge so far in 2015 is that Singapore is the place to be.
It has been four years since the Arab Spring shook up the political and economic map of the Middle East and North Africa (MENA).
Wonga has appointed Bill Flynn as its new general counsel, fresh from his role heading up the legal team at debt management company Capquest Group.
White & Case has entered a strategic partnership with Cass Business School’s Mergers and Acquisitions Research Centre (MARC).
Clifford Chance’s growing critical list subscription
Loss of PE star Oliver Felsenstein must surely force firm’s hand over lockstep reform.
European M&A – Mergers rising subscription
While deal numbers were up last year, their value rocketed – and this time it’s not the US firms taking the lion’s share.
Cadwalader Wickersham & Taft saw its gross revenue remain flat in 2014, with a minimal dip from $481.7 to $481.5m.
Freshfields Bruckhaus Deringer and Weil Gotshal & Manges have won key roles on the initial public offering of DFS on the London Stock Exchange.
Insurance underwriter Novae Group has appointed Alexandra Moon as its first-ever group general counsel.
Allen & Overy (A&O) and Proskauer are advising on the acquisition of AS Adventure Group, which includes outdoor retailer Cotswold, from Lion Capital by European private equity house PAI Partners.
Withers enters formal alliance with Singapore firm KhattarWong in bid to grow Asia revenue subscription
Withers has agreed a formal alliance with Singapore-based firm Khattar Wong as part of its strategy to expand in Asia.
Fieldfisher has cast a wide net to snare lateral hires in Europe, but what is its strategy on the continent?
McDermott Will & Emery increased its global revenue to $899.8m last year, a 2.2 per cent growth on its 2013 figure of $880.8m.
Travers Smith was paid £2.2m for its work on an independent inquiry into the Bank of England’s alleged foreign exchange (forex) fixing claims.
US firm Dechert grew its global gross revenue by 8 per cent in 2014 from $777.2m to $839.4m.
When BT opted to announce a £12.5bn industry-shaking marriage with EE, it looked as if its other budding suitor O2 was going to be left by the wayside.
Latham & Watkins has turned to Clifford Chance in Germany for two of its key corporate partners, Oliver Felsenstein and Burc Hesse.
Pinsent Masons has retained pole position in the Aim client rankings, despite increasing competition from firms including Charles Russell Speechlys and Wragge Lawrence Graham over the past quarter.
KPMG’s general counsel Vanessa Sharp is set to quit her role in May to seek new opportunities.
Freshfields and HSF among raft of firms advising on Hutchison Whampoa’s £10.25bn O2 buy subscription
Baker & McKenzie, Freshfields Bruckhaus Deringer, Herbert Smith Freehills and Linklaters are among the firms to win roles on Hong Kong giant Hutchison Whampoa’s proposed acquisition of O2.
Eaglewood Europe has hired former Sidley Austin associate Dipali Sahni as its first general counsel.
As many as 95 per cent of managing partners expect their firms to merge within the next decade, and 45 per cent of firms that have not secured a merger in the past five years would consider a tie-up before 2017, new research has revealed.
Vedder Price gains currency with bitcoin deal subscription
Bitcoin is still somewhat of a mystery to many. But one firm has helped the electronic currency to become a little more transparent.
Vedder Price wins key role on launch of the UK’s first regulated bitcoin trading platform subscription
US firm Vedder Price’s London office has advised on the launch of Digital Securities Exchange (DSX) - the first company in the UK to bring bitcoin trading into a secure regulated environment.
Goodwin Procter and Mayer Brown have advised on the sale of the City’s Tower Place to Chinese insurance giant Ping An.
From management buy-out to becoming a listed company: legal head Louise Stonier has seen Pets at Home through some big changes.
Slater & Gordon is in negotiations to buy an operating division of Aim-listed legal services provider Quindell, understood to be its legal services arm.
Male and female general counsel have different priorities when buying legal services, according to new research by Acritas.
For years, Asia has been hailed as a land of golden opportunity for the legal profession. So, why has Fried Frank Harris & Shriver decided to close down its operations in the region?
Among the first major IPOs to be announced in 2015, infrastructure investor John Laing has outlined its plan to float on the London Stock Exchange.
Clifford Chance and Freshfields Bruckhaus Deringer have stepped up to advise as infrastructure investor John Laing Group announces plans to list on the London Stock Exchange.
US firm Fried Frank Harris Shriver & Jacobson has called time on its beleaguered Hong Kong and Shanghai offices, with plans to close its Asian operations after seven years in June 2015.
Osborne Clarke hires Taylor Wessing private client partner Goodman in practice re-launch subscription
Osborne Clarke has hired two new private client partners in a bid to re-launch its private client offering, which it previously scrapped in late 2013.
Insolvency – The spillover effect subscription
Collapsed oil prices and Ebola have hit businesses hard, while European plans to copy UK restructuring tools could challenge British courts’ dominant role.
Last year was a slightly quieter year for insolvency lawyers than we’ve seen for a while – although not devoid of work. High-profile insolvencies included Phones4U and London Mining and, just before Christmas, that of
As 2014 drew to a close with a flurry of last-minute Christmas shopping, the owner of one of London’s best-known shopping arenas was doing a little deal of its own.
Market Tech Holdings, which owns Camden Markets, has floated on the Aim stock market, with advice from DLA Piper and Hogan Lovells.
The action continued into December, which has so far seen Kirkland & Ellis’ banking partner Stephen Gillespie quit for Gibson Dunn, and BLP managing partner Neville Eisenberg step down after five terms on the firm’s top rung.
Hamburg Bird & Bird lawyer under fire for alleged involvement in €137m embezzlement charge subscription
A Hamburg-based Bird & Bird lawyer, and a former partner from the same office, have been drawn into a corruption trial involving one of their clients.
Readers remained heated in August, as the storm surrounding marketing professionals’ salaries raged on. Meanwhile, Cooley was busy making informal job offers to a number of Edwards Wildman Palmer partners, and Nabarro began offering fixed fee deals to clients across its litigation practice.
White & Case pockets first mandate from HM Treasury subscription
In the past, HM Treasury has tended to turn to the likes of Clifford Chance, Linklaters and Slaughter and May for its legal advice.
As we hurtle towards the end of 2014, it looks as if it could be a record year for the amount of cash raised by companies joining the main market of the London Stock Exchange.
White & Case has advised HM Treasury on its proposal for new tax legislation, which would help to provide new finance for business and infrastructure projects.
It’s been impossible to ignore the heightened activity on the UK stock market in 2014. But, over the three months running to 5 November 2014, the total number of companies on the UK stock market actually shrank from 2,208 to 2,172.
Green Investment Bank GC Euan McVicar has to sort the windmills from the waste-to-energy initiatives while staying within European state aid rules
North Africa is swiftly becoming a hub for investment into the rest of the continent.
It has been five years since former Freshfields Bruckhaus Deringer duo Mike Goetz and Maurice Allen launched Ropes & Gray’s London office - tasked with building an offering from scratch (22 October 2009).
Kingsley Napley has raided Mishcon de Reya for media partner Charlotte Harris, who is set to kickstart the firm’s new media and reputation management group.
Deutsche Bank’s regular global legal panel review has kicked off, and is due to come to a close early next year.
Stephenson Harwood has reported a half-year global revenue of £64m for the first six months of the 2014/15 financial year.
DWF has re-elected Andrew Leaitherland as the firm’s managing partner and CEO for a fourth term.
Linklaters has inched closer to taking the crown for total FTSE 100 clients, as it closes in on market leader Slaughter and May.
Partners at Locke Lord and Edwards Wildman Palmer have voted in favour of the firms’ $675m tie-up.
There’s no question that Clifford Chance’s longstanding relationship with private equity group Carlyle has been on the rocks in recent years.
Slaughter and May is set to hand out discretionary bonuses to associates, following the firm’s strong performance in 2014.
In what is likely to be one of the biggest public M&A deals of the year, insurance giants Aviva and Friends Life look set to seal a £5.6bn tie-up
Allen & Overy and Linklaters have been instructed to advise insurance giants Aviva and Friends Life on their proposed £5.6bn merger.
The Solicitors’ Disciplinary Tribunal (SDT) has kicked off a re-hearing of a case alleging former Addleshaw Goddard partner Mark Gilbert of discrepancies in expenses.
Fieldfisher has recorded a revenue of £54.3m for the first six months of the 2014/15 financial year.
David Ryan is more or less an institution at Pinsent Masons. During his 15 year tenure as the firm’s managing partner, he has led its transformation from a 134-partner regional practice into a 380-partner global outfit.
Abelman becomes British American Tobacco’s new legal chief as part of management re-jig subscription
British American Tobacco’s (BAT) group legal director and general counsel Neil Withington has quit the group, as it announces a wider leadership reshuffle.
Baker Botts and Davis Polk among US giants to advise on Halliburton’s $34.6bn merger with Baker Hughes subscription
A raft of US firms has lined up to advise on Halliburton’s $34.6bn stock and cash takeover of key competitor Baker Hughes.
Trinity Mirror’s group legal director Paul Vickers has been made redundant after working at the company for 22 years, following a management reshuffle.
Freshfields gets cosy with Lazard and Rothschild subscription
Financial advisers such as Lazard and Rothschild are becoming an increasingly regular feature on London’s main list IPOs.
Travers Smith has hired Kirkland & Ellis financial services partner Stephanie Biggs - the firm’s first lateral partner hire in nearly four years.
There’s no disputing the prolific rise of independent financial advisers on deals - the likes of Lazard and Rothschild, who are instructed by companies to ensure that their transactions run smoothly.
Cooley is certainly taking its time when it comes to setting up shop in the UK.
Ashurst and SJ Berwin both chased Asia mergers. But did they really benefit their corporate practices?
Santander general counsel Fortunato quits as bank finalises its new 30-strong legal panel subscription
Santander has finalised its latest panel review, upping the total number of firms on its main legal roster from about 24 to 30.
European investment group Aurelius has kicked off its first-ever UK legal panel review, following the hire of its first UK head of legal Kimberley Whitaker.
Davis Polk & Wardwell and Latham & Watkins are advising on the IPO of Sir Richard Branson’s Virgin America.
Linklaters has kickstarted a disputes offering in Singapore, with the relocation of Hong Kong partner Jelita Pandjaitan.
Osborne Clarke corporate and commercial head Ray Berg is set to become the firm’s new UK managing partner for a four-year term starting on 1 January 2015.
Edwards Wildman Palmer has entered a redundancy consultation, with a view to axing a small number of staff in London.
Ropes & Gray has added four new partners in London, accounting for a fifth of the firm’s total global promotions in 2014.
Pinsent Masons has added a trio of new Aim clients, growing its total from 57 to 60 over the three months running to 7 October 2014.
A huge raft of firms flew in to help out travel business Monarch Group on its rescue by Greybull Capital last week.
Payment processing company Worldpay has hired former Barclays Bank lawyer Mark Edwards as its new group general counsel.
Osborne Clarke has signed a relationship deal with new Indian firm BTG Legal, led by its former India group head Prashant Mara.
Herbert Smith Freehills raids Ashurst’s Asia Pacific offices for two corporate partners subscription
Herbert Smith Freehills (HSF) has hired two corporate partners from Ashurst’s Australia and Japanese offices.
Ashurst’s Australia managing partner John Carrington retires today (31 October), after six years as head of legacy Blake Dawson.
Tomorrow, on 1 November, the global legal market will usher in its newest member - the newly-merged Charles Russell Speechlys.
Latham & Watkins has made up just one partner in London, in addition to another 18 new partners worldwide.
Norton Rose Fulbright elects CEO Martyr for fifth term as Scott takes up management role subscription
Norton Rose Fulbright has re-elected Peter Martyr as its global chief executive for his fifth three-year term, as of 1 January 2015.
Edward Wildman Palmer’s London head Nick Bolter no longer has a formal stake in managing the firm’s City base.
Allen & Overy is set to take home the lion’s share of £9.8m in legal fees for its advice to Tui AG on its bumper merger with its FTSE 100 subsidiary Tui Travel.
Freshfields Bruckhaus Deringer, Macfarlanes and Forsters are among the firms to advise on the rescue of the Monarch Group by investment firm Greybull Capital.
Latham and Bakers’ Saudi associates take key roles on $6bn National Commercial Bank IPO subscription
Latham & Watkins and Baker & McKenzie’s association firms in Saudi Arabia have won key roles advising on the IPO of the country’s largest lender, the National Commercial Bank (NCB).
Slaughter and May corporate partner David Wittmann is to become the firm’s practice partner on 1 January 2015.
In his 14 years at the helm of Weil Gotshal & Manges’ London office, Mike Francies has overseen a wealth of change, watching the office transform from a private equity and structured finance focused outfit into a broader beast.
Fried Frank Harris Shriver & Jacobson has made its second major hire in a week, appointing Orrick Herrington & Sutcliffe’s London tax chief Nick Thornton.
No doubt Slaughter and May and Herbert Smith Freehills are busy scrabbling to save AbbVie’s $55bn takeover of Shire, ...
Young guns go for it at Kirkland subscription
Next generation set to take lead at Kirkland & Ellis as White exits for Fried Frank
This week’s top 15 legal briefings - 19 October 2014 subscription
What do fancy gentlemen’s outfitter Thomas Pink and ladies underwear retailer Victoria’s Secret have in common? According to Walker Morris, it is the pair’s shared use of the trademark PINK on their products.
Travers Smith and Clifford Chance have been called in to advise on the administration of Ebola-struck London Mining.
King & Wood Mallesons SJ Berwin is set to scrap ‘SJ Berwin’ from its name on 1 November, as the firm celebrates the first anniversary of its record-breaking merger.
Navigating an IPO would be a daunting prospect for any in-house lawyer. So, no wonder they’re prepared to dig deep in order to ensure their external counsel is up to the job
White & Case makes up five new partners in London as part of 37-strong global promos round subscription
White & Case has added five new members to its partnership in London - more than any of the firm’s other offices globally.
Kirkland & Ellis’ London head Graham White has quit the firm to become Fried Frank Harris Shriver & Jacobson’s first-ever London managing partner.
Not good friends: Fieldfisher and former privacy chief Ustaran settle dispute over 18-month notice period subscription
It has emerged that Fieldfisher and its former data privacy head Eduardo Ustaran turned to arbitration to settle a dispute over his exit for Hogan Lovells, after the partner was accused of breaching the firm’s partnership agreement.
Freshfields Bruckhaus Deringer and Linklaters advised on more main market IPOs in London than any other firms between 1 January and 30 August 2014.
Banking and finance: The advice squad subscription
IPOs are booming again, sending law firms jostling for mandates, but this time there’s a new role for banks that are independently advising the issuers. Step forward Lazard and Rothschild
Wonga looks to Slaughters for advice on FCA deal subscription
What a week it’s been for payday loans company Wonga, which has once again locked horns with the Financial Conduct Authority. It’s the second time in less than four months that the pair have clashed, following the revelation that Wonga sent out debt collection letters from fake law firms earlier this year.
Osborne Clarke has hired IP partner Ben Goodger, who becomes the latest partner to exit Edwards Wildman Palmer’s London office.
This week’s top 15 legal briefings - 5 October 2014 subscription
The impact of social media in the employment law world; the importance of written agreements to protect against third-party IP claims; and the mounting financial crisis in the UK healthcare sector
Magic circle firms lose ground in brand rankings to Norton Rose Fulbright and DLA Piper subscription
Magic circle firms Freshfields Bruckhaus Deringer and Linklaters have lost valuable brand equity over the past year, according to the latest research by Acritas.
Linklaters revs up for Carlyle on RAC stake sale subscription
After months of to-ing and fro-ing, the UK’s largest roadside assistance group RAC has finally settled on a course of action. And it’s not an IPO, like the company had previously proposed.
Linklaters and Freshfields Bruckhaus Deringer took the key roles on Singaporean sovereign wealth fund GIC’s acquisition of a stake in RAC.
King & Wood Mallesons SJ Berwin’s (KWMSJB) former corporate chief Steven Davis is set to leave the firm, to join Proskauer’s City base.
Addleshaw Goddard’s head of fraud, regulatory and corporate crime has become the latest partner to exit the firm, resurfacing at King & Wood Mallesons SJ Berwin (KWMSJB).
Alibaba landed on the New York Stock Exchange with an almighty thump last Friday (19 September), becoming the largest initial public offering (IPO) of all time.
Corporate lawyers will tell you that the global M&A market has been cranking up in recent months. And the latest preliminary figures from Thomson Reuters confirm that it is very much back to business.
Tesco has appointed Freshfields Bruckhaus Deringer to scrutinise its first-half profits, which were overstated by £250m.
Freshfields tops UK rankings as global M&A soars by 55 per cent in first nine months of 2014 subscription
Global M&A has picked up over the first nine months of 2014, with deal value growing to $2,567bn from just $1,659bn at the same point last year - and elite firms have reaped the benefits.
WFW launches in Dubai with three-lawyer team subscription
Watson Farley & Williams has today (18 September) launched its first office in the Middle East, based in Dubai.
Addleshaw Goddard private equity partner Ben Rodham has quit the firm for Shearman & Sterling, less than two years after joining from Linklaters.
Allen & Overy has scooped a key role in the administration of Phones 4U, having been instructed by the company and its administrator PwC.
Stephenson Harwood shuts down in Guangzhou subscription
Stephenson Harwood has closed its office in the Chinese city of Guangzhou, reducing its total number of offices worldwide to nine.
Jones Day has hired DLA Piper banking partner Justin Conway as it continues to invest in its banking and finance practice in the City.
A trio of firms including Hogan Lovells has advised on Reinsurance Group of America’s (RGA) €12bn longevity swap with Delta Lloyd Levensverzekering.
Ashurst finance partner Damian Ridealgh, who led the firm’s banking practice in the US, has joined Weil Gotshal & Manges in New York.
A raft of firms including Osborne Clarke, Shoosmiths and Berwin Leighton Paisner (BLP) have played a role in Stagecoach South West Trains’ new contract to buy 30 new trains from manufacturer Siemens.
Bingham lawyers nervy as London partners mull exit subscription
With his firm understood to be talking merger with Morgan Lewis & Bockius, Bingham McCutchen’s London managing partner James Roome could be set to quit, an exit that could have a major impact on Bingham’s future in the City.
Jones Day has raided Paul Hastings for capital markets partner Neil Hamilton, who has left the firm after just two years at the practice.
Fieldfisher senior partner Matthew Lohn has been appointed to the Independent Press Standards Organisation’s (IPSO) new 12-person complaints committee.
Balfour Beatty makes a beeline for Linklaters subscription
Global infrastructure giant Balfour Beatty might turn to Pinsent Masons on its ‘business as usual’ work , but when it comes to major M&A deals, the business is prepared to pull out the big guns.
Aim-listed European IP group Murgitroyd saw its pre-tax profits drop by 10.9 per cent during the course of the 2013/14 financial year.
The continuing evolution of Slaughter and May subscription
What springs to mind when you think of Slaughter and May? We’ll hazard a guess that it’s a firm steeped in tradition - whether that’s due its long-term specialism as a corporate powerhouse, its strict lockstep structure, or its black tie and braces image.
Developing new client relationships takes time. Particularly if you’re targeting a very specific sort of business.But last week, a number of firms demonstrated the array of proactive approaches that can be taken to build that coveted client base.Take Hogan Lovells, for instance. Last week it emerged that the firm was working on its
Olswang has appointed two big-hitting non-executive directors (NEDs) to its board, bringing its total number of NEDs up to five.
Ropes & Gray high yield partner Jonathan Bloom has quit the firm to join Jones Day’s City base.
Pinsent Masons, Carey Olsen and Memery Crystal. When it comes to Adviser Rankings’ listing of which law firms are advising which Aim clients, it can sometimes feel a little like groundhog day.
Shearman & Sterling has won its first-ever mandate from private equity house Bridgepoint, advising on its £212m acquisition of foreign exchange provider Moneycorp.
Private equity: keep out subscription
Can City firms close the door on line of PE staff heading out for US practices?
Stephenson Harwood has chosen to outsource a chunk of its document production capacity to third-party provider Intelligent Office UK.
Asset management and funds boutique MJ Hudson has launched in Hong Kong, creating the firm’s third office alongside London and Jersey.
Ropes & Gray’s hire of Travers Smith private equity star Phil Sanderson is quite a coup for the US firm.
UK firms' PE offerings “increasingly vulnerable”: Ropes chief on his firm’s raid on Travers Smith subscription
Ropes & Gray has hired Travers Smith private equity rainmaker Phil Sanderson to bolster its European private equity offering.
Raft of North American giants advise as Burger King takes $11.4bn bite into Tim Hortons subscription
Kirkland & Ellis and Wachtell Lipton Rosen & Katz are among the firms lined up to advise on Burger King’s $11.4bn (£6.9bn) acquisition of Canadian coffee and doughnut chain Tim Hortons.
Four years ago, in July 2010, Simpson Thacher lost an up-and-coming high yield counsel to Freshfields Bruckhaus Deringer, having passed him by for partnership.
Dwr Cymru Welsh Water (DCWW) has gifted Addleshaw Goddard and Burges Salmon first-time appointments on its revamped legal panel.
Ashurst has taken a trio of partners from O’Melveny & Myers and one from White & Case in a bid to boost its restructuring offering in Asia.
Slaughter and May has appointed a second diversity chief, Susannah Macknay, to assist the firm’s inclusion efforts.
Last week was one of fancy footwork in the global M&A market, with a couple of mega-deals from across the pond hogging the limelight
Withers has opened a new office in San Francisco, its first new base in more than two years.
Skadden Arps Slate Meagher & Flom and Jones Day are among the firms advising the Coca-Cola Company on its partnership deal with energy drink business Monster.
Charles Russell and Speechly Bircham, which are set to merge on 1 November 2014, have kicked off their search for a combined City base.
Muckle and Walker Morris among six appointed to first Sustainable Development Capital panel subscription
Ethical investor Sustainable Development Capital LLP (SDCL) has appointed six firms to its inaugural legal panel, with Muckle and Walker Morris among those winning a spot.
Withers has advised on the establishment of new industry body Innovate Finance, which supports the growth of cutting-edge technologies in the UK’s financial sector.
Ashurst plans to cut its out-of-hours support staff base by half, in a move intended to improve efficiency.
Allen & Overy has won a spot alongside a raft of US giants to advise on Walgreen’s £5.6bn acquisition of its remaining stake in Alliance Boots.
Reed Smith has advised alongside a raft of European firms on Swedish pharmaceuticals company Meda’s acquisition of its Italian rival Rottapharm for £1.8bn.
California-based firm Cooley is understood to be nearing its long-awaited City base following months of speculation about the firm’s intentions in the UK.
A busy summer in the City for DLA Piper subscription
The start of August is usually prime time for the City’s dealmakers to ditch their files for flip flops. But this year it seems that there are more than enough deals to keep lawyers holed up in their offices over the summer months
Stephenson Harwood is set to open its office in Seoul in the autumn, after being granted a licence to practice in the jurisdiction by the Korean Ministry of Justice.
Investment group Aurelius hires first UK legal chief subscription
European investment group Aurelius has hired former Sky legal adviser Kimberley Whitaker as its first-ever UK head of legal.
Pinsent Masons has continued to dominate legal advice to the Aim market, increasing its yield of clients from 53 to 57.
The Ontario Teachers’ Pension Plan has appointed Jeff Davis as its general counsel, corporate secretary and senior vice-president of corporate affairs.
Osborne Clarke is set to extend its presence into Hong Kong, with the hire of a prominent team from Bird & Bird.
London Stock Exchange-owned clearing house LCH Clearnet has hired Diane Bouwmeester as its group general counsel and head of compliance.
Marketing heads at London’s top 60 law firms are paid as much as £477,000, according to a survey conducted by marketing recruitment consultancy Carter Murray.
Fieldfisher has hired Bristows IT partner Hazel Grant to replace Eduardo Ustaran as the head of its privacy team.
Baker & McKenzie has advised state-owned Spanish lender Catalunya Banc on its sale to Banco Bilbao Vizcaya Argentaria (BBVA) for €1.2bn.
Herbert Smith Freehills and Allen & Overy are among the firms to advise on BSkyB’s £4.9bn takeover of Rupert Murdoch’s pay TV companies in Germany and Italy.
Slaughters goes to town in China subscription
Firm promotes fourth partner so far this year in Hong Kong; now the focus is to diversify its offering
Osborne Clarke's Simon Beswick: Cue the next phase subscription
Osborne Clarke’s Simon Beswick, now in his final stint as managing partner, is hunting further international growth. Asia beckons.
BP has appointed nine firms to its specialist legal panel, including Baker & McKenzie and Hill Dickinson.
Slaughter and May has made up a new partner in Hong Kong, with the promotion taking effect from 1 August 2014.
LinkedIn has hired former Yahoo general counsel Michael Callahan to head the global professional networking site’s legal function.
Sackers’ revenue dropped by 2 per cent last year, from £24.3m to £23.8m.
What with the IPO market taking flight, and a couple of massive pharma deals hogging the spotlight, it’d be easy to forget that for many companies it’s business as usual
Freshfields Bruckhaus Deringer and Herbert Smith Freehills have advised on the sale of British Sky Broadcasting’s (BSkyB) minority stake in ITV to Liberty Global.
Hogan Lovells and Addleshaw Goddard are among the firms to win key roles on Bestway’s acquisition of The Co-operative Group’s 774-branch pharmacy chain.
Mills & Reeve saw its turnover increase by 12 per cent last year, following its merger with Manchester firm George Davies on 1 June 2013.
Measure of success for Charles Russell Speechlys subscription
How to tell if the Charles Russell Speechlys combination will work out
Partners at Charles Russell and Speechly Bircham have today voted favour of merging their firms to create a £135m firm with 170 partners.
Speechly Bircham and Charles Russell partners are going to the polls today (16 July), to cast their votes on their potential £126m merger between the firms.
It’s no wonder that Jones Day’s London office has been on a corporate associate shopping spree over the past year, hand-picking eight new associates to handle its increased workload.
Latham & Watkins projects development and financing partner Bill Voge, based in London, has been elected as the firm’s new global chair and managing partner.
Jones Day takes the UK mid-market by storm subscription
Freshfields Bruckhaus Deringer may have dominated the M&A landscape in the first half of 2014. But, when it comes to the mid-market, Thomson Reuters has calculated that Jones Day is the law firm ruling the roost
Former Linklaters capital markets partner Nigel Pridmore has taken a new role at Ashurst’s Hong Kong office, more than four months after quitting the magic circle firm in London (3 March 2014).
Willkie Farr has hired Kirkland & Ellis private equity partner duo Claire McDaid and Matthew Dean to launch its private equity offering in London.
Jones Day has worked on more mid-market M&A deals than any other firm in the first half of 2014, taking the sole top spot in the global, European and UK rankings for the first time.
Fieldfisher has added a trio of partners to its Parisian office, bulking up its competition, corporate and tax practices.
Slater & Gordon is set to sponsor England cricket captain Alastair Cook, in a move that will see him act as brand ambassador for the firm.
Herbert Smith Freehills and Slaughter and May are advising on the proposed takeover of Dublin-based Shire, by US drug manufacturer AbbVie.
Fieldfisher loses out, Ashurst, Simmons and Addleshaws ushered in as BP unveils UK panel subscription
Ashurst, Simmons & Simmons and Addleshaw Goddard have won coveted first-time spots on BP’s UK panel, unveiled today (9 July) following a three-month review process.
Mafarlanes upped its turnover by 22 per cent in the 2013/14 financial year, from £114.16m to £139.75m.
Norton Rose Fulbright has posted turnover of $1.851bn (£1.152bn) in its first financial year after the merger of legacy firms Norton Rose and Fulbright & Jaworski.
Ashurst has announced turnover of £586m in the first combined results since the UK firm fully merged with its Australian arm, with average profit per equity partner (PEP) hitting £801,000.
Revenue at Fieldfisher has broken through the £100m barrier for the first time hitting £104m, an increase of 9.5 per cent on £95m for 2012/13.
Linklaters’ and CC’s bumper public M&A pay packet subscription
At times, it looked as if the UK’s public M&A market was about to triumphantly return to form in the first half of 2013. But the rush never quite materialised.
Hogan Lovells moves into Mexico with BSTL bolt-on subscription
Hogan Lovells is set to open its second and third Latin American offices in 2014 after bolting on Mexican firm Barrera Siqueiros y Torres Landa (BSTL).
The total fees paid to lawyers on public M&A deals over the first half of calendar year 2014 fell by 35 per cent compared with the previous six months, research by The Lawyer has found.
Whatever happened to M&A fees? subscription
UK public M&A work is down, as are fees. But as the deals markets shows signs of life, it’s not just the M&A titans that are winning
Freshfields’ storms the M&A charts for H1 2014 subscription
It’s been a gloomy period for the M&A market, what with global deals dwindling by 6 per cent in 2013 making the year the slowest for international deal making since 2009.
Freshfields has swept the board in Thomson Reuters M&A rankings for the first half of 2014, coming top among all UK-based firms for global, European and UK-related M&A.
Norton Rose Fulbright has appointed legacy Fulbright partner Lauren Leeker as its new global head of compliance, replacing London-based Jonathan Ody who stepped down from the role after nine years.
Freshfields Bruckhaus Deringer and Allen & Overy (A&O) are advising on the flotation of private hospital group Spire Healthcare’s flotation on the London Stock Exchange.
The UK’s biggest payday loans company, Wonga, is set to pay £2.6m compensation to about 45,000 customers after sending letters threatening legal action from non-existent law firms.
As dealmakers across the country prepare to switch their due diligence boots for dancing shoes, it can only mean one thing - The Lawyer Awards 2014 are looming
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
Stephenson Harwood grew its revenue by 8 per cent from £112.3m to £121m over the course of the 2013/14 financial year (15 July 2013).
A raft of firms including Freshfields Bruckhaus Deringer and Slaughter and May have advised on Zoopla Property Group’s IPO.
Magic circle firms help B&M IPO take off subscription
Despite Pfizer’s recent bid for Astra Zeneca ultimately falling flat, the pharma frenzy continues
Winning the £1bn Crossrail contract was critical in reviving Bombardier’s fortunes for big-bidding, says Lynn West, head of legal for the UK’s last surviving train maker
Finance specialist Simon Thrower has become the latest partner to depart from Ashurst, taking up a new role in Simmons & Simmons’ financial markets team.
A raft of firms including Clifford Chance and Freshfields Bruckhaus Deringer advised on the IPO of discount store chain B&M - the biggest London listing of 2014 so far.
Greedy corporate raiders, shareholder wrangling and bullyboy tactics - investor activism has long been seen as one of the more brutal parts of the corporate law landscape.
Slaughters’ Boardman advises on Lord Moynihan’s sports governance private member’s bill subscription
Slaughter and May corporate partner Nigel Boardman has won a lead role advising British Olympic Association chair Lord Moynihan on his private member’s bill, ‘The Governance of Sport’.
The Crown Estate has appointed in-house solicitor Rob Booth as its new head of legal, replacing Alex Peeke who is set to exit for Land Securities.
Norton Rose Fulbright has formally elected Linda Addison as its new US managing partner, replacing Kenneth Stewart who took a leave of absence in December 2013 for medical reasons.
Ashurst corporate partner Nigel Stacey is to join Gibson Dunn, following in the footsteps of former colleague Jonathan Earle who made the same move in April.
Osborne Clarke’s Simon Beswick is set to step down from his UK managing partner role on 31 December 2014, as his third and final term in the position comes to a close.
Slaughters’ stock market ups and downs subscription
Once again, Slaughter and May has topped the charts in terms of the number of stock market clients on its books, according to the latest stats from Adviser Rankings
Stephenson Harwood and Travers Smith took key roles on the launch and flotation of peer-to-peer (P2P) loans business P2P Global Investments (P2PGI) on the London Stock Exchange’s main market.
Slaughter and May continues to advise more stock market clients than any other firm, with 119 currently on its books.
The firm’s revenue is up 26 per cent and profit per equity partner up 46 per cent, but just what is the secret behind the massive growth at Osborne Clarke?
How fortune favoured the brave OC subscription
Success of firm’s daring Eurocentric expansion policy silences sceptics
A flair for innovation sets apart the banking and finance teams on this year’s shortlist for top honours at The Lawyer Awards
King & Wood Mallesons (KWM) has been hit by the exit of a pair of heavyweight Hong Kong partners, Larry Kwok and Conrad Chan, who will leave the firm next week with a clutch of associates.
Is there any difference between Travers and Macfarlanes?
Ashurst is aiming to ensure that 40 per cent of all partner promotions are female by 2018 as well as handing a quarter of management positions to women in a radical overhaul of the firm’s diversity policy.
Osborne Clarke has hired a team of four partners and three associates to kickstart its new Amsterdam office, which formally launched today (2 June).
Watson Farley & Williams (WFW) increased its revenue in 2013/14 by 14.6 per cent last year, resulting in a jump in revenue from £102.1m to £117m.
Osborne Clarke advised headphone-maker and music platform Beats on its $3bn buyout by Apple, joining a raft of stateside firms on the huge tech transaction.
Weil Gotshal & Manges has hired Latham & Watkins finance partner Reena Gogna, just weeks after the departure of its banking chief Stephen Lucas.
"A law firm is like a shark": WFW's new co-managing partners on the firm's growth strategy subscription
WFW appears to be going swimmingly under its post-Greville dual management team.
Eversheds hires White & Case HR chief Slape subscription
Eversheds has hired Moira Slape as its new HR director who joins the firm after four years with White & Case.
Watson Farley & Williams has overhauled its remuneration to fixed-share partners in the wake of HM Revenue and Customs’ (HMRC) national insurance (NI) crackdown.
Will Stephen Lucas be value for money for Kirkland? subscription
Top-dollar lawyer Stephen Lucas will have to bring home the bacon for Kirkland
Is any lawyer worth busting your firm’s compensation structure for? Perhaps one with a reputation for being at the absolute pinnacle of their niche in the market?
Weil Gotshal & Manges banking chief Stephen Lucas is leaving the firm after three years for Kirkland & Ellis.
Shearman and Squire Sanders star in TV deals frenzy subscription
Over the past couple of weeks TV deals have played a starring role in the M&A market
Nuthin’ but an OC thang subscription
Rarely do corporate law firms and gangsta rap cross paths, but last week the two temporarily collided as headphone-maker Beats became Apple’s largest-ever acquisition
Norton Rose Fulbright overhauls maternity provisions subscription
Norton Rose Fulbright has updated its maternity and paternity policies, following a survey of all women who have taken maternity leave from the firm over the past five years.
Shearman & Sterling nabs Bridgepoint subscription
Shearman outflanks CC, Links, Travers Smith for work
Ashurst has broken its two-year pay freeze for London-based trainees and newly-qualified lawyers, upping its junior pay bands by up to 3.3 per cent.
Field Fisher Waterhouse has made 15 secretaries redundant, in preparation for its move into its new office near London Bridge.
Slaughter and May lost out on the mandate to advise client Europcar on the £500m refinancing of its UK business, with the car rental giant turning instead to Pinsent Masons on the deal.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
Clifford Chance, Rosenblatt and Shearman & Sterling are among firms that have won mandates as television companies embarked on an M&A spree.
OneSavings Bank, Fat Face, Saga - as much as market chatter amplifies regarding a slow down of the IPO main market, issuers seem to be pushing it forward with momentum
Osborne Clarke’s turnover shot up by more than a quarter in 2013/14, from £112m to £142m, setting all staff members up for a 2 per cent bonus.
Freshfields Bruckhaus Deringer and Linklaters are advising on Saga’s planned IPO, which is set to be the largest public offer of shares since the privatisation of Royal Mail.
Better by a West Country mile subscription
Simmons boss says his firm’s out-of-Town offering is in a different league
DLA Piper has hired one of King & Wood Mallesons SJ Berwin’s top private equity partners, Tim Wright.
The Aim market has seen a substantial uptick in early 2014, with firms including offshore giant Appleby, Stephenson Harwood and Watson Farley & Williams gaining clients.
Barclays loses Americas general counsel Crowl to UBS subscription
Barclays’ managing director and general counsel for the Americas, Michael Crowl, has quit the bank to take up a similar post with Swiss institution UBS.
A raft of US firms, including Fried Frank Harris Shriver & Jacobson and Sullivan & Cromwell, have stepped up to advise on the $14.2bn acquisition of Merck’s consumer care business by Bayer.
Charles Russell’s turnover increased by 7 per cent in 2013/14 from £68.9m to £73.4m, marking a new record for the firm.
Freshfields Bruckhaus Deringer has appointed Simon Marchant and Simon Priddis as its new corporate and competition heads.
Linklaters has appointed partner Sarah Wiggins to lead the City corporate practice, as predecessor Shane Griffin’s four-year term comes to an end.
Slaughter and May has increased its trainee and associate remuneration for the second time in two years, with newly-qualified lawyers receiving a pay hike of up to 3.2 per cent.
Tesco has dropped Ashurst as one of its preferred real estate firms, instead reinforcing its relationship with longstanding adviser Berwin Leighton Paisner (BLP)
A raft of firms, including Slaughter and May and Shepherd & Wedderburn, have lined up to advise on Wolfson Microelectronics on its acquisition by Texas-based Cirrus Logic.
Merging two firms with different histories, characters and personalities is never going to be easy. That’s a lesson that Speechly Bircham has learned the hard way.
Pharma and biotech M&A market in full health subscription
Telecoms and tech have been at the top of the M&A tree so far this year. Who would have thought that the trendy duo would be temporarily eclipsed by a sector trading in Botox and zimmer frames?
Skadden Arps Slate Meagher & Flom and Freshfields Bruckhaus Deringer have scooped key roles on Pfizer’s proposed multi-billion dollar takeover of UK pharmaceuticals rival AstraZeneca.
Ashurst corporate partner Jonathan Earle has quit the firm to join Gibson Dunn’s London office.
Speechly picks on someone its own size subscription
After the Withers fiasco, Speechly targets a more realistic link with Charles Russell
Speechly Bircham has made up six partners this year in its biggest promotions round in a decade.
Cleary Gottlieb Steen & Hamilton and White & Case are advising on the £7.9bn ($13.4bn) acquisition of orthopaedic manufacturing company Biomet by Zimmer, the manufacturer of the ‘zimmer frame’.
Ashurst has added 15 new members to its global partnership, in its first integrated promotions round since its formal tie-up with Ashurst Australia went live on 1 November 2013.
When it comes to their legal affairs, private equity houses have tended to be creatures of habit. Generally they prefer to return to the same lawyers time and time again.
White & Case, Clifford Chance and Latham & Watkins advised affiliates of private equity house Rhone Capital on the acquisition of ASK Chemicals from a German joint venture between chemicals groups Clariant and Ashland.
Norton Rose Fulbright to close Prague office for second time due to “difficult” market conditions subscription
Norton Rose Fulbright is set to close its Prague office on 1 May 2014, following a review of the Czech market.
Norton Rose Fulbright has advised Arabian Cement Company (ACC) on its IPO on the Egyptian Exchange, marking the stock exchange’s first new listing since 2011.
Latham shores up Carlyle ties with hire of Alabaster subscription
Latham & Watkins has further strengthened its ties to private equity giant the Carlyle Group, hiring in-house counsel Tom Alabaster as a partner in its London office.
Revenues set to rise 5 per cent across UK top 20 in 2013/14 despite "unexceptional" year subscription
The UK’s top 20 firms by revenue are gearing up for the recovery, with most expecting to see a turnover increase of at least 5 per cent for the year ending April 2014.
Savings energy: Fiona Smith, GC at Nest subscription
Set up to help with pensions auto-enrolment, Nest has gone from start-up to snaring its millionth member in just 18 months, which suits GC Fiona Smith just fine
The trophy lawyers subscription
Why well-connected PE partners are worth their weight in gold
Travers Smith’s Paris chief David Patient is set to become firm-wide managing partner when incumbent Andrew Lilley steps down from the role at the end of 2014.
Herbert Smith Freehills has shaken up its corporate leadership, appointing Melbourne-based Mike Ferraro as sole global corporate head.
Linklaters, Simpson Thacher, King & Wood Mallesons SJ Berwin and Dickson Minto landed roles on the acquisition of a majority stake in House of Fraser by Chinese conglomerate Sanpower.
King & Wood Mallesons SJ Berwin (KWMSJB) has been appointed by SuperGroup, the corporate group behind the Superdry brand, to handle its continental European real estate matters, as part of a wider review of the fashion group’s external advisers.
A&O, Latham and Walkers advise on Saudi Electricity Company’s $2.5bn international sukuk subscription
Allen & Overy (A&O) and Latham & Watkins have taken lead roles on the issuance of an international sukuk by Saudi Electricity Company (SEC), worth $2.5bn.
Another week, yet another enormous cable M&A deal in the European market
Pensions: The nest-eggheads subscription
This year’s Budget introduced yet more changes to the way pensions operate. Will this squeeze out the specialist in-housers even more?
Field Fisher Waterhouse has witnessed the departure of two further partners from its IP practice.
Speechly Bircham and Charles Russell will be known as Charles Russell Speechlys LLP should the merger be successful later this year.
Freshfields has made a landmark lateral hire in the form of former Cleary Gottlieb Steen & Hamilton capital markets and US corporate partner Ash Qureshi.
Allen & Overy, Ropes & Gray and Latham & Watkins have scored instructions on Altice’s acquisition of France’s second-biggest telecom operator SFR.
Freshfields Bruckhaus Deringer has appointed Nigel Rawding to head up its arbitration practice in the City.
After a run of fairly quiet years for biotech flotations, it looks as if – like the rest of the IPO market – they’re back with a bang
Covington & Burling has advised new client Horizon Discovery on its admission to the Aim market, as the biotech market continues to pick up in the UK.
Morgan Lewis has hired Bird & Bird corporate partner Stephen Walters, adding to a string of recent hires from mid-tier firms.
Stephenson Harwood has appointed Thomas Eggar’s international and business taxation head James Quarmby to spearhead the growth of its private wealth practice.
FFW boss: ‘Look at us in six months’ time’ subscription
How Michael Chissick plans to put the spark back into idling Field Fisher Waterhouse
Slaughter and May has been instructed by a group of investors seeking compensation from the Financial Conduct Authority (FCA), following leaked inaccurate reports of an investigation into the insurance markets.
FFW managing partner Chissick: Back to the future subscription
Field Fisher Waterhouse managing partner Michael Chissick has been in the top job for a little more than a year but is about to embark on a period of change as his firm thinks once more about the future.
DLA Piper, Addleshaw Goddard, Pannone Corporate and TLT have been appointed to the first-ever legal panel installed by online fashion retailer Boohoo.com in the wake of its £560m IPO.
DLA Piper and DWF building bridges subscription
Isn’t it great when a plan comes together? After almost a decade of hard work, a raft of firms has finally managed to reach financial close on the Mersey Gateway Project – solidifying plans for a shiny new toll bridge linking Runcorn and Widnes
DLA Piper, Ashurst, Freshfields Bruckhaus Deringer and Allen & Overy are among the firms to have advised on the construction of a new six-lane toll bridge over the Mersey.
Global and European M&A bounces back in 2014 subscription
Feel that bounce in your step, a sense that spring is in the air? It’s not just you. As the weather warms up, Thomson Reuters has arrived with some good news for corporate lawyers
The European M&A market has ballooned by more than a third in the first quarter of 2014 compared to the same period last year, with US firms dominating the rankings.
A slow and steady revolution subscription
Slaughters is quietly reshaping its partnership for a post-crunch, Asia-centric era
BP launches panel review as current roster expires subscription
BP has kicked off its first UK legal panel review since March 2011, as the current roster’s three-year mandate draws to a close.
Slaughter and May has made up seven associates to partner in this year’s promotions round – the highest number of promotions in more than six years.
Norton Rose Fulbright’s global planning head Nigel Hewitson has departed to join 20-partner Oxfordshire firm BrookStreet des Roches.
Private equity house HgCapital has shaken up its panel, adding White & Case to its roster for the first time.
Imagine you’re the general counsel of London-based private equity investor BC Partners. You’re sipping on your coffee, hashing out the details of your imminent £382m investment into UK-based business publishing company Mergermarket.
Taylor Wessing has strengthened its relationship with Brentford Football Club, advising on its successful planning application for a new 20,000 seat stadium.
Stephenson Harwood has appointed partner Andrew Edge to head up its corporate practice in London.
A quick scan of The Lawyer’s finance coverage over the past year or so serves to flag up a couple of key trends when it comes to deal-making. One is the migration of some of the magic circle’s top private equity talent to US firms.
They’re getting the mandates, and they’ve got the hiring power. Are US firms elbowing out the magic circle on leveraged finance?
King & Wood Mallesons SJ Berwin is to shut down its Berlin operations, as two of its three partners exit to launch their own boutique.
Field Fisher Waterhouse has further bulked up its finance group with the hire of Simmons & Simmons partner Philip Abbott.
Morgan Lewis & Bockius has hired partner Tom Cartwright from Taylor Wessing to launch its dedicated private equity practice in London.
Wragge & Co has been overlooked by Premier Foods in its £1.1bn capital refinancing plan, with Slaughter and May picking up the core mandate on the deal.
Competition and EU partner Efthymios Bourtzalas has quit Ashurst’s Brussels outpost, just weeks after the exit of renowned partner Julian Ellison from the same group.
Slaughter and May has announced a re-jig of its practice stream heads following a partner vote.
Stephenson Harwood has axed 15 per cent of its secretarial jobs, as a result of a redundancy consultation which kicked off last month (5 February 2014).
Clifford Chance and Simpson Thacher & Bartlett are among the firms advising on the Carlyle Group’s $1.93bn buyout of Tyco International’s South Korean fire protection and security unit.
Slaughter and May has increased its lead in the rankings of total stock market clients, after closest competitor Pinsent Masons saw its total drop from 96 to 93.
Acquisition finance debt: Day of the non-banks subscription
The fragile refinance market is back in rude health and US-style alternative lenders are stepping up with innovative structures to sustain the recovery
A raft of ten firms including Clifford Chance, Norton Rose Fulbright and Burges Salmon, have been appointed to the UK Green Investment Bank’s (GIB’s) first-ever formal legal panel.
Santander shakes up corporate and commercial panel subscription
Eversheds, Forsters and Gordons are among the 170 firms to score places on Santander’s corporate and commercial banking legal panel, which includes 47 new panel members.
Linklaters and Osborne Clarke are thought to be advising on a potential merger between Carphone Warehouse and electrical retail chain Dixons.
DLA Piper, Fenwick & West and William Fry have advised King.com, the company behind Candy Crush Saga, on its proposed $500m IPO on the New York Stock Exchange (NYSE).
Weil Gotshal & Manges and Fenwick & West advised Facebook on its $19bn (£11.4bn) acquisition of mobile messaging company WhatsApp.
Ashurst’s low cost support base in Scotland is expanding faster than expected, with the firm planning to more than quadruple the number of legal analysts based in the city within the next 12 months.
Pensions firm Sackers has just re-elected senior partner Ian Pittaway for a fourth term - but what keeps him passionate about pensions?
Speechly Bircham is in preliminary merger talks with six-office firm Charles Russell in a move that would propel the combined outfit into the top 25 firms by turnover according to The Lawyer UK200.
SJB and the problem with private equity subscription
When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.
Norton Rose Fulbright is set to open its third Latin American base in Rio de Janeiro with the hire of a senior in-house lawyer from BP.
Freshfields wins lead role on Poundland IPO subscription
Freshfields Bruckhaus Deringer has won the mandate to advise West Midlands-based retailer Poundland on its long-awaited IPO.
Sackers has re-elected Ian Pittaway as its senior partner for his fourth consecutive term, which will run for three years from April 2014.
The beauty in the M&A fees breakdown subscription
We should all tip our hats to those corporate regulators over at the Panel on Takeovers and Mergers. Why? It’s thanks to their rule change in September 2011 that we’re now granted a sneaky peak at the fees being charged by law firms for UK public M&A work.
A group of firms including Davis Polk and Willkie Farr & Gallagher advised on a £27bn ($45bn) all-stock deal to combine the two biggest cable providers in the US.
Reed Smith has hired Travers Smith leverage finance partner Ben Davis in a further boost to its UK finance practice.
Slater & Gordon’s numerous acquisitions are expected to more than double the firm’s UK revenue in 2014, according to the firm’s half-year results presentation to the Australian Stock Exchange (ASX).
What do Thomas Eggar and Californian giant Wilson Sonsini Goodrick & Rosati have in common? Not much, you might answer.
Lafarge Tarmac appoints Penhallurick as new GC subscription
Lafarge Tarmac has appointed Fiona Penhallurick as its new general counsel and company secretary, following the departure of its former legal head to Travis Perkins last month.
Norton Rose Fulbright reduced its net debt by 72 per cent last year, the firm’s LLP accounts have shown, with a 119 per cent increase in cash negating a rise in bank borrowings.
Lawyers used up their minutes on the latest instalment of the Vodafone/Liberty telecoms struggle in January, while football deals also featured strongly
Field Fisher Waterhouse (FFW) is set to combine with eight-partner Manchester boutique Heatons, after partners voted in favour of a merger last week.
Ashurst picked up the mandate to advise Crossrail on its decision to award a £1bn contract to Bombardier UK.
High-profile competition partner Julian Ellison has left Ashurst’s Brussels office to join Mayer Brown’s antitrust and competition team.
King & Wood Mallesons (KWM) has seen two IP partners exit the firm in Melbourne, taking their 13-strong team to rival Minter Ellison.
Pinsents, Memery Crystal and Carey Olsen top Aim rankings as market springs back to life subscription
Pinsent Masons , Memery Crystal and Carey Olsen retained their podium places at the top of the overall Aim rankings as the market experienced a significant uptick ...
Stephenson Harwood is set to cut an undisclosed number of support staff, following a review of its secretarial and document production services in London.
King & Wood Mallesons SJ Berwin’s (KWMSJB) Rudiger Knopf has stepped down from his post after 16 years as German managing partner.
Norton Rose Fulbright has launched a global regulation and investigations practice, consisting of more than 600 of its lawyers worldwide.
Legacy SJ Berwin saw its group revenue increase by 1.7 per cent, from £179.9m to £182.9m, during its last financial year before merging with King & Wood Mallesons.
All clear on M&A deals front subscription
Two years after the Takeover Code transparency rejig, we ask if firms are feeling the benefit, and comb through recent M&A fees
The UK public M&A market picked up in the second half of 2013, with lawyers pocketing a total of £38.9m in fees - 44 per cent more than they received in the first half of the year.
Linklaters has won a mandate from HM Treasury to advise on its first-ever Sukuk issue.
Freshfields Bruckhaus Deringer, Allen & Overy (A&O) and Clifford Chance are among the firms advising on Liberty Global’s £5.7bn acquisition of Dutch cable operator Ziggo.
King & Wood Mallesons SJ Berwin (KWMSJB) has swiped Berwin Leighton Paisner (BLP) senior associate Tom Calnan to launch its real estate practice in the Middle East.
Hogan Lovells’ revenue outside the US dropped from £590.6m to £581.4m over the course of the 2012/13 financial year, according to the firm’s international LLP accounts.
Travis Perkins hires Lafarge’s Grimason as GC subscription
Building and DIY retailer Travis Perkins Group has appointed Deborah Grimason as its new general counsel.
Changing of the guard at Slaughters subscription
Slaughter and May has seen 10 partners retire over the last 12 months. Reporter Natalie Stanton asks what that means for career progression at the firm.
Slaughter and May’s first-ever female partner, and financial regulation group head, has retired after 37 years at the City firm.
Co-op panel: trolley mixture subscription
Co-op in-housers work to forge legal roster system that suits bank and group
Osborne Clarke has been dropped from the Citibank panel following a restructure that saw its roster reduced from 21 to 19.
Co-op Group finalises in-house restructure subscription
The Co-operative Group has finalised the process of dividing its legal function in the wake of losing control of its banking arm to investors in October.
Ashurst and Hogan Lovells have taken lead roles on Barclays’ innovative collaboration with alternative provider BlueBay Asset Management’s Direct Lending Fund.
Osborne Clarke in practice head reshuffle subscription
Osborne Clarke has undergone a reshuffle of its sector and practice management, appointing corporate partner Conrad Davies as real estate and infrastructure head.
KWM appoints Pollack to global disputes head post subscription
King & Wood Mallesons (KWM) has named former SJ Berwin litigation head, Craig Pollack, as its global coordinator for dispute resolution.
Burges Salmon has witnessed the departure of legal director Suzanne Tarplee, who has jumped ship from its rail group to Stephenson Harwood.
Queens Park Rangers (QPR) has turned to Macfarlanes and Lawrence Graham (LG) to advise the football club on its plans to develop a new 40,000-seat stadium in Old Oak.
Former Dewey & LeBoeuf chairman Steve Davis has won a new job, as chief legal adviser to the United Arab Emirate Ras al Khaimah.
Holman Fenwick Willan’s (HFW’s) LLP accounts reveal that the firm increased its revenue by 13.7 per cent in the 2012/13 financial year.
Group deputy general counsel Dominique Bourrinet is to take the chief legal role at Société Générale (SocGen).
Osborne Clarke’s employment head David Cubitt has been elected as the firm’s new London chief.
Outgoing Clifford Chance managing partner David Childs is to chair the Financial Reporting Council’s (FRC’s) Conduct Committee when he retires from the firm next year.
After holding the top spot for two consecutive years, Linklaters has fallen into 13th place in the 2013 UK M&A rankings.
KWMSJB opens first post-merger office in Riyadh subscription
King & Wood Mallesons SJ Berwin (KWMSJB) has extended its footprint in the Middle East, through an exclusive association with the Law Office of Majed Almarshad in Riyadh.
Kuwaiti property company St Martins has bought the More London estate from London Bridge Holdings for an estimated £1.7bn, marking one of the UK’s largest-ever commercial property deals.
Simmons & Simmons’ has published its LLP accounts for 2012/13, revealing that it substantially tightened up its financial management over the course of the year.
Norton Rose Fulbright partner David Baylis has become Norton Rose Fulbright’s first regional head of corporate, M&A and securities in the Middle East.
King & Wood Mallesons SJ Berwin’s (KWMSJB) City corporate head Steven Davis is to stand down after seven years in the position with legacy SJ Berwin.
Ashurst's Lloyd set to join Allen & Overy subscription
Ashurst’s former global corporate head Stephen Lloyd is set to join Allen & Overy (A&O) as co-head of its private equity sector group.
Beddow replaces Lloyd as Ashurst's corporate co-head subscription
Simon Beddow has been appointed as Ashurst’s new co-head of its corporate, commercial and competition (CCC) division replacing corporate star Stephen Lloyd who quit the firm last month.
Linklaters DCM partner Kucera leaves for Ashurst subscription
Ashurst has hired Linklaters debt capital markets partner Francis Kucera, in a boost to its securities and derivatives practice.
Allen & Overy (A&O), Ashurst and Clifford Chance have advised on German drugs and chemicals group Merck’s £1.6bn acquisition of AZ Electronic Materials.
Kellogg’s EMEA legal head Orla Muldoon is leaving to join agricultural processing giant Archer Daniels Midland (ADM) in January.
Ashurst has recorded a half-year turnover of £298m for the firm, compared to £281.7m for the same period last year.
Slaughter and May is paying a discretionary bonus to all staff for the first time since it abandoned its rigid associate lockstep in May.
Linklaters has as many FTSE 100 clients on its books as sector leaders Slaughter and May for only the second time since 2005.
The Canal & River Trust has appointed its first general counsel, after its legal and corporate services director Nigel Johnson announced plans to retire.
Speechlys accent on profitability subscription
Speechly Bircham must look back to 2009/10 with an air of nostalgia. Back then the firm pulled off a merger with Campbell Hooper to boost revenue by 37 per cent, to £58.4m. The tie-up also helped the firm’s average profit per equity partner (PEP) to rocket by 29 per cent, from £331,000 to £428,000.
Reed Smith, Allen & Overy and Clifford Chance were among firms advising on the restructuring of a £662m residential mortgaged-backed securitisation (RMBS) by Eurosail-UK ...
Chadwick Lawrence has become the latest outfit to sell off its personal injury (PI) book, with the firm offloading the business to Slater & Gordon.
WFW managing partner Greville stands down subscription
Watson Farley Williams’ Michael Greville has resigned from his role as managing partner after 12 years.
Osborne Clarke appoints Saul as new senior partner subscription
Osborne Clarke partners have elected Andrew Saul as the firm’s new senior partner, taking over from Tim Birt who has held the position since 2006.
Bank of Ireland hires new UK general counsel subscription
The Bank of Ireland has hired John Bennett as general counsel to its UK subsidiary, succeeding Jan Karpinsky who retired earlier this year.
Essential Living, which develops and manages purpose built homes for rent, has revealed its first formal legal panel, which will remain in force for three years.
Shearman and Sterling is among a raft of firms to advise Intercontinental Exchange (ICE) on its $11bn (£6.79bn) takeover of NYSE Euronext.
Speechly Bircham has launched in Paris, just three months after opening a base in Geneva.
Just Eat GC: Meal deals subscription
Jeffrey Eneberi, GC at online takeaway service Just Eat, keeps the start-up fire burning among staff, even as the business mops up rival operations around the world
Stephenson Harwood has posted half-year turnover of £57m – an increase of 10 per cent on revenue of £51.4m at the same point in 2012/13.
Osborne Clarke has seen its revenue increase by 12 per cent in the first half of the 2013/14 financial year, to €71.6m (£59.8m).
Norton Rose Fulbright cuts 30 roles in Australia subscription
Norton Rose Fulbright has axed 30 jobs across its Australian offices, in a move that took effect earlier this month (14 November).
Former Harbotte & Lewis managing partner Lawrence Abramson has left Fladgate to join Keystone Law.
Allen & Overy, Linklaters and Ashurst are among eight firms to have won spots on the Bank of Tokyo Mitsubishi UFJ (BTMU) first ever EMEA panel.
Bristol-based firm Lyons Davidson expects to make 50 redundancies despite securing a number of recent high-profile alternative business structure (ABS) tie-ups.
Finance Top 15: the very slow road to recovery subscription
Finance practices’ flickering flame of hope was soon snuffed out in 2012/13, as banks remained hobbled by litigation and the glow of Asian salvation proved a false dawn. By Natalie Stanton
The Competition and Markets Authority (CMA) has appointed Norton Rose Fulbright antitrust and competition partner Michael Grenfell in a senior policy role.
Irwin Mitchell has acquired Manchester personal injury boutique McCool Patterson Hemsi (MPH) Solicitors.
King & Wood Mallesons SJ Berwin has advised Oxley on its £200m acquisition of Royal Wharf from Ballymore.
FFW reports half-year revenue uptick of 7 per cent subscription
Field Fisher Waterhouse’s (FFW) half year global revenue has come in ahead of budget, ringing in at £49.9m.
Ashurst corporate partner Eavan Saunders Cole is set to exit the Appold Street firm after almost 14 years.
Baker Botts, Travers Smith and Maclay Murray & Spens have acted on GDF Suez’s recent entry into the UK onshore shale gas market.
City analysis: Star signs subscription
From Coronation Street to Legoland to Serie A football – glamorous transactions were grist for the mill last month, gilding the lily of big energy and infrastructure deals
Law firms get great value at the Co-op subscription
Advisers get stuck into the disentangling task, to unhitch troubled bank from group
Turmoil rules at all-change Ashurst subscription
Stephen Lloyd’s exit piles on the pressure, just when firm was hoping for a breather
Lloyd of the manor at Ashurst subscription
The exit of Ashurst corporate head Stephen Lloyd is just the latest in a string of changes at the City firm
Ashurst corporate chief Stephen Lloyd resigns subscription
Ashurst global corporate head Stephen Lloyd has resigned from the firm’s partnership.
The Co-operative Bank has hired a new general counsel, in the wake of news that the bank will host the UK’s first ever ‘bail-in’ by a consortium of hedge funds (4 November 2013).
Pinsent Masons holds firm at top of the Aim tables subscription
Pinsent Masons has once again taken the top spot in Adviser Rankings’ latest Aim rankings, despite Memery Crystal closing its leadership gap by three clients since July.
Ashurst unveils post-merger board appointments subscription
Ashurst partners have voted for a raft of new board members, as the firm continues its push towards post-merger integration.
A&O loses Co-op Bank advisory role in bank sell-off subscription
Clifford Chance has scooped a key advisory role for the Co-op Bank on its restructuring after Allen & Overy (A&O) found itself conflicted out due to a longstanding role as adviser to majority owner, the Co-operative Group.
One of the government’s leading lawyers, HM Revenue & Customs (HMRC) general counsel Anthony Inglese, is to retire.
The former director of legal and company secretary at Virgin Money, Jasan Fitzpatrick, has named as general counsel of consumer credit firm Premium Credit.
Number crunching: Clifford Chance, finance subscription
Clifford Chance’s finance operation is a complex beast, divided into two groups with some overlap. On the one hand there is the global financial group which includes lending and acquisition finance, derivatives, financial regulatory advice, insolvency and restructuring, real estate finance, project finance and asset finance. This group is headed by Mark Campbell.
Private client’s edgy new look subscription
OC gives private client practice a kick up the cut-glass as ‘traditional’ team hits the road
Co-op Legal Services adds 13 chambers to bar panel subscription
The Co-operative Legal Services (CLS) bar panel review has come to a close, with 20 sets of chambers winning appointments.
Energy chief Shasha exits Gowlings’ City office subscription
Canadian firm Gowlings’ EMEA head of energy, infrastructure and mining David Shasha has left the firm (1 November).
Clifford Chance and Hogan Lovells won lead roles advising AMC Networks on its €750m (£467.4m) acquisition of the international content division of Liberty Global, known as Chellomedia.
Debevoise & Plimpton, Linklaters and Irish firm Arthur Cox have won roles in the placement of a $1bn (£621.6m) seven-year Eurobond with an annual coupon rate of 5.55 per cent by Russian metals giant Norilsk Nickel.
Japan’s largest bank, The Bank of Tokyo-Mitsubishi UFJ (BTMU), is in the closing stages of establishing its first ever UK legal panel.
Baker & McKenzie’s former City managing partner Gary Senior has been elected to succeed corporate partner Beatriz Araujo on the firm’s executive committee.
Citigroup will announce details of its eagerly-awaited revamped panel early next month, with the banking giant preparing to unveil a new structure to the roster and show some existing advisers the door.
Banking and finance: Money puzzle subscription
As financial regulation piles up and budgets get pinched, banks are expecting firms to share their pain. But panel places are still worth it – for now at least
Osborne Clarke has opened an office in Manhattan in a bid to enhance its relationships with tech companies and intermediaries in the US.
Travers Smith, Freshfields Bruckhaus Deringer and Dickson Minto have taken lead roles on the £100m sale of Byron Hamburgers to private equity group Hutton Collins Partners.
Slater & Gordon acquisition spree continues with industrial disease firm John Pickering subscription
Slater & Gordon is to take over niche industrial disease firm John Pickering and Partners, the Australian firm’s fourth acquisition since August.
Ashurst real estate partner Matthew Hooton has quit the firm, making him the second partner to leave the practice in as many weeks.
Ashurst partners have voted legacy Blake Dawson chairman Mary Padbury into its vice chair position, just days after litigator Ben Tidswell emerged as the firm’s new chairman (16 October 2013).
Ashurst’s newly-elected chairman Ben Tidswell plans to consolidate the firm’s current international footprint and push for profit growth as he prepares to take the helm from the firm’s current senior partner Charlie Geffen.
Ashurst partners have elected litigator Ben Tidswell into its newly-formed chairman role, a move that has cost current senior partner, Charlie Geffen, the leadership post he has held since 2008.
Deals round-up: Home wins subscription
Good old British household names dominated the deals listings in September, with Ribena and Royal Mail leading the iconic pack. By Natalie Stanton
Wragge & Co is the latest firm to transfer a cohort of its support staff to third-party provider Intelligent Office, resulting in 26 full-time equivalent (FTE) staff members opting to take voluntary redundancy.
Clifford Chance private equity partner Tom Evans is leaving the firm to join Latham & Watkins’ corporate practice.
A total of 185 firms have applied to the Solicitors Regulation Authority (SRA) for the extended indemnity period (EIP) of insurance having failed to secure professional indemnity insurance (PII) cover by the regulator’s 1 October deadline.
Wragge & Co’s projects head David Fennell as been elected as the firm’s new global managing partner, after the current chief Ian Metcalfe steps down next year.
The Pension Protection Fund (PPF) has cut its legal panel from 27 to 23 firms, in its first major shake-up of legal advisers since it was set up under the Pensions Act 2004.
Brick Court appoints first female joint head subscription
Brick Court Chambers has elected Helen Davies QC as its new joint head of chambers for a five-year term.
Ashurst’s collective redundancy consultation has come to an end, with the firm due to cut just over 120 support staff jobs from its City base.
DLA Piper has advised Coca-Cola Icecek, the Turkey-based international Coca-Cola bottler, in its inaugural offering of five-year bonds worth $500m.
Clifford Chance partners have re-elected Jeremy Sandelson for his second term as global head of the firm’s litigation and dispute resolution practice.
Shoosmiths has advised client Allied London on a joint venture with Manchester City Council to purchase the former Manchester television studios where Coronation Street was filmed.
Freshfields Bruckhaus Deringer managing partner Ted Burke is planning to stand down in the first quarter of 2014 to take up a general counsel position of Boston private equity firm Arclight Capital Partners. Here we look back at his time at the top.
Slaughter and May and Macfarlanes have pinched the top spots for UK M&A for the year to date, thanks to their work on Verizon Communications’ acquisition of Vodafone’s 45 per cent stake in Verizon Wireless for $130.1bn (£84bn).
Environmental law: Drills, spills and bellyaches subscription
Shale gas extraction is the hot environmental issue of the moment, offering great opportunities but meeting stubborn opposition
Ashurst and Blake Dawson: countdown to merger subscription
Ashurst and Ashurst Australia partners this morning (26 September) voted “overwhelmingly” in favour of the firm’s full financial tie-up. It is a monumental move that has been two years in the making. Here’s how they did it.
Ashurst partners have voted “overwhelmingly” in favour of full financial integration with legacy Blake Dawson, now known as Ashurst Australia.
Election fever subscription
Ashurst partners are set to vote on the full financial integration between Ashurst and Ashurst Australia but it is the battle for the top managerial job that is really getting partners talking.
Ashurst’s London litigation partner Ben Tidswell will run for the newly created chairman position, alongside current senior partner Charlie Geffen, as the firm readies for the Australian merger vote.
Clyde & Co increased its corporate turnover by a third during 2012/13, with the group generating revenues of £70.7m over the financial year.
Corporate: another year of pain without much gain subscription
After a less than inspiring 2011/12, corporate lawyers had their fingers crossed for economic recovery in 2012/13. However, wishful thinking did not translate into cold, hard cash.
Simmons & Simmons has added Peter Meyer and Alex Brown to its board in its latest round of periodic elections.
Clifford Chance, Sullivan & Cromwell and Freshfields Bruckhaus Deringer have taken lead roles on Barclays’ bumper £5.8bn rights issue – the world’s largest rights issue by a bank since 2009.
Graham White, former executive partner at Slaughter and May, has been appointed to the board of diversity recruitment agency Rare as a non-executive director.
Property-focused Kent firm Cripps Harries Hall has raided regional rival Brachers for its former managing partner.
Slaughter and May and Linklaters have extended their lead at the top of the FTSE 100 client rankings for the second quarter of 2013, despite little movement in the market.
Speechly Bircham is staking its future on international expansion across Europe kickstarting today with the launch of a second office in Switzerland.
Stephenson Harwood, Macfarlanes, CMS and Hogan Lovells have won roles on Baker Tilly’s acquisition of debt-laden accountancy firm RSM Tenon Group.
Withers issues cash call to partners subscription
Withers has issued a cash call to its equity partners, with partners allegedly asked to pay out as much as £5,000 per point.
Dickson Minto is understood to be advising long term client BC Partners on the flotation of estate agency Foxtons, which is expected to raise as much as £400m.
BLP defiant as exits mount subscription
The exit of private equity heavyweight Raymond McKeeve has put the spotlight on Berwin Leighton Paisner’s corporate group. What’s next for the firm?
Jones Day swipes BLP private equity star McKeeve subscription
Berwin Leighton Paisner’s global private equity head Raymond McKeeve has exited to join Jones Day.
East Anglian firm Ashton KCJ is planning to overhaul its partnership structure, switching from a two-tier partnership to an all-equity partnership model with a modified lockstep system.
Charles Russell has opened its second Middle Eastern office in the Westbay district of the Qatari capital Doha.
Macfarlanes has made its third lateral hire in under a year, picking up Ashurst construction head Ann Minogue.
Slaughters considers career progression shake-up subscription
Slaughter and May is considering updating its traditional career progression structure and could expand the role of special adviser and consultants.
Job Watch: Capital Markets subscription
The fact that Barclays and Lloyds are eyeing up big capital markets transactions begs a big question – are the capital markets finally making a comeback?
Clifford Chance advised longterm client Montagu Private Equity on the £438m sale of the Host Europe Group to Cinven.
Speechly Bircham has hired SJ Berwin consultant Victoria Younghusband, who joined as a partner in the firm’s financial services and funds team on 1 August.
Heathrow GC: Jet Set subscription
General counsel Carol Hui and her small team are guiding Heathrow through turbulent times
Pinsent Masons has retained its lead at the top of the most recent Aim rankings, with an increase of seven clients since the last quarter of 2012.
SJ Berwin partners vote through $1bn merger with KWM subscription
Taylor Wessing is set to axe 22 secretarial roles as its redundancy consultation involving all 96 of the firm’s current UK-based secretarial staff comes to a close.
DWF has scrapped a total of 38 roles across the firm following redundancy consultations in May.
OC’s ever-broader horizons subscription
Europhile Osborne Clarke gets busy in the City of Love, but dreams of New York
Burges Salmon has posted solid results for 2012/13, with turnover increasing by 3.8 per cent from £71m to £73.7m in 2012/13.
Clifford Chance advised longstanding client Abertis on the sale of Belfast International and Stockholm Stavsta airports to ADC & HAS Airports Worldwide.
Credit Agricole launches global panel shake-up subscription
Credit Agricole has opened the bidding for places on its new panel, just two years after its last review.
Withers was in the front line of a controversial Supreme Court challenge to the legal definition of religion in England today, acting for a woman wishing to marry her fiancé in the Church of Scientology.
SJ Berwin partners to vote on KWM deal next week subscription
SJ Berwin partners will vote on a combination with King & Wood Mallesons next week.
Wedlake Bell has seen its revenue boosted by 49.4 percent in 2012/13 after its April 2012 merger with Cumberland Ellis (1 February 2012).
Baker Botts has hired a large chunk of Norton Rose Fulbright’s Middle East operations, amid a rift between the post-merger firms legacy UK and US arms.
Stephenson Harwood has recorded a 2 per cent boost in turnover, from £110.2m in 2011/12 to £112.3m in 2012/13.
Deals round-up, June: Good call subscription
Linklaters led the charge in June, becoming worldwide M&A top dog by advising on deals such as Vodafone’s multibillion-euro Kabel takeover. By Natalie Stanton
Pannone’s white label legal arm Pannone Affinity has hired Jonathan Gulliford, one of the founders of Co-operative Legal Services, as part of an ongoing growth drive.
Ashurst is to review its development and promotion systems as it emerges that every trainee who failed to secure an NQ role at the firm came from a BME (black and minority ethnic) background.
Ashurst is to scrap its senior partner position, currently held by Charlie Geffen, after its proposed full financial merger with Ashurst Australia, which is expected to take place later this year.
Stephenson Harwood is hiring partner Lisa Marks from Berwin Leighton Paisner (BLP), where she has been a partner in the finance practice since 2008.
Withers private client partner Ziva Robertson has quit the firm to join McDermott Will & Emery in London.
Berwin Leighton Paisner today concluded its redundancy consultation, confirming it will cut more than 100 jobs at the firm.
Freshfields Bruckhaus Deringer saw its revenue grow by 7.2 per cent to £1.221bn in 2012/13 alongside increases in its average profit per equity partner (PEP) and net profit.
Macfarlanes has posted a revenue hike of 11.7 per cent for 2012/13, taking turnover above £110m, alongside a 16 per cent jump in net profit.
Clifford Chance regional corporate head Guy Norman is to return to London after a three-year stint in Dubai.
Shearman & Sterling and Slaughter and May have won roles on Nokia’s €1.7bn (£1.5bn) acquisition of Siemens’ 50 per cent stake in Nokia Siemens Networks (NSN).
Withers bolsters partnership with eight promotions subscription
Withers has announced it has made up eight associates to its partnership across five of its 10 global offices.
Baker & McKenzie has made up 71 partners across its global network, eight more than last year, bringing its total to 1,450 partners worldwide.
Clifford Chance and Allen & Overy (A&O) have advised on a state-backed merger between property companies Sorouh and Aldar One, to create Abu Dhabi’s largest real estate developer.
The happy mediums subscription
As Taylor Wessing takes top honours at The Lawyer Awards, we identify five mid-market firms making a top tier splash
Speechly Bircham saw a slight growth in net profit but a similar drop in turnover and PEP in 2012/13, the firm’s financial results have revealed, after a year characterised by a number of departures, lateral hires and the failure of merger talks with Withers.
Travers pay review dilutes strict lockstep subscription
Travers Smith has concluded its associate pay review, opting to maintain its lockstep structure for junior associates but adding in additional flexibility for those working “excessive” hours or approaching partnership level.
Mid-tier market about to shrink subscription
A sea change in global economic power promises to shrink the mid-tier UK market
Norton Rose Fulbright has advised easyJet on its agreement to buy 135 planes from Airbus in a deal described as a blow to its US rival Boeing.
Seddons names Simon Ross as new managing partner subscription
Seddons has named residential property partner Simon Ross as its new managing partner, succeeding Robin Austin who stepped down earlier this month (12 June).
Osborne Clarke has seen turnover increase by 14 per cent over the last financial year from £98m to £112m.
City: The battle of mid-way subscription
It’s all kicking off in the mid-level corporate sector, with upstarts such as RPC, FFW and Irwin Mitchell looking to cash in as discerning clients look for value. By Natalie Stanton
The battle of mid-way subscription
It’s all kicking off in the mid-level corporate sector, with upstarts such as RPC, FFW and Irwin Mitchell looking to cash in as discerning clients look for value
All those on the shortlist for this year’s The Lawyer Awards best banking & finance team show a knack for creating groundbreaking deal opportunities
Berwin Leighton Paisner (BLP), HowardKennedyFSI and Mayer Brown have advised on New York-based Ashkenazy Acquisition Corporation’s purchase of London’s Old Spitalfields Market for £105m, in a deal referred to as the UK capital’s largest retail investment this year.
Shepherd & Wedderburn has boosted its real estate practice in London with two new partner hires including the former head of property at Addleshaw Goddard.
DLA wins spot on Integrated Dental Holdings panel subscription
DLA Piper has been added to the panel of Integrated Dental Holdings (IDH) following the hire of its new general counsel and company secretary Liz McDonald last October.
Poundworld legal team review follows GC exit subscription
Poundworld is to review its legal department following the exit of legal chief David Dresser, who quit the company following a row over which firms the company should instruct.
DWF is entering another redundancy consultation which will put jobs at risk in its London, Coventry, Teesside and Manchester offices.
Withers chairman Anthony Indaimo is to stand down in July with the firm naming New York-based Ivan Sacks as his successor.
Transport for London legal director: All change subscription
Transport for London legal director Andrea Clarke’s remit has extended to take in new in-house and policing tasks - all while ensuring that the city keeps on moving
A merged Withers and Speechly Bircham would have scaled The Lawyer’s UK 200 with a turnover of about £170m, and created one of the world’s largest specialist private client teams. So what went wrong?
SJ Berwin loses finance director to FFW subscription
Mike Giles, who has been finance director at SJ Berwin since 1999, is leaving the firm to join Field Fisher Waterhouse (FFW).
Withers and Speechly Bircham will vote next week on whether the two firms should merge to create a £170m firm, The Lawyer has learned.
Farrers and Olswang confirm redundancies subscription
Farrer & Co and Olswang have both confirmed the results of redundancy consultations begun earlier this year, laying off fewer people than originally feared.
Osborne Clarke today (15 May) entered into a two week consultation programme with a view to cutting 13 senior associates.
Berwin Leighton Paisner (BLP) today (14 May) announced plans to make a raft of redundancies affecting nearly 100 lawyers and staff at the firm.
Stephenson Harwood acts for buyer on UK debut after referral from Hong Kong base
Tonic for the troops subscription
Law firms often appear to focus their training efforts on the newbies to the legal profession, but increasingly programmes target mid-level associates
Wragge & Co has put up to 30 full-time equivalent support staff at risk of being made redundant in London and Birmingham.
Bond Dickinson has unveiled its first round of promotions since the merger between Dickinson Dees and Bond Pearce, which went live last week (1 May).
After a competitive tender process, Anderson Strathern has once again been retained to advise the Crown Estate in Scotland.
Burges Salmon and Veale Wasbrough Vizards advise as Business Growth Fund puts cash in
Watson Farley & Williams (WFW) has announced partner promotions in London and Munich – two of its fourteen offices. From 1 May 2013, this will bring the total number of partners in the firm up to 126.