Clifford Chance 317

Clifford Chance builds up private equity team as associates leave

21-Aug-2014 | By Kate Beioley

Clifford Chance is understood to be losing four private equity associates to join partners at firms including Latham & Watkins and Simpson Thacher & Bartlett, underlining the vulnerability of magic circle firms to headhunters acting for US firms in London.

lloyds bank

Lloyds panel review enters final stage with one week until deadline

21-Aug-2014 | By Kate Beioley

Firms vying for spots on Lloyds’ own-account panel have been given a week to file tender submissions to the bank in preparation for an October panel unveiling. 


Ashurst raids O’Melveny & Myers and White & Case to bolster Asia practice

19-Aug-2014 | By Natalie Stanton

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.

Royal Bank of Scotland RBS

Quinn Emanuel, Stewarts and Bird & Bird gear up for RBS rights battle

18-Aug-2014 | By Kate Beioley

Quinn Emanuel Urquhart & Sullivan and litigation boutique Leon Kaye have formally joined the £4bn shareholder battle brought against the Royal Bank of Scotland (RBS) over its 2008 rights issue.


Barclays turns to Sullivan & Cromwell as litigation bill set to rise by £1.2bn

14-Aug-2014 | By Kate Beioley

Barclays has turned to Sullivan & Cromwell to defend it against fraud allegations in the US, as analysts predict the bank could face a £1.2bn bill for a raft of litigation.

innovate finance

Withers advises on launch of new tech industry body Innovate Finance

12-Aug-2014 | By Natalie Stanton

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.

New York

JP Morgan Chase retail GC exits bank

12-Aug-2014 | By Kate Beioley

JPMorgan Chase & Co’s retail-banking general counsel Matthew Biben has left the bank three years after joining.

lisbon portugal

A&O, Linklaters and VdA help secure rescue of Portugal's Banco Espirito Santo

8-Aug-2014 | By Joanne Harris

Allen & Overy (A&O), Linklaters and Portuguese firm Vieira de Almeida (VdA) have been instructed on the restructuring and rescue of Portuguese Banco Espírito Santo (BES).

lloyds bank

HSF steps up for second bailed-out bank as Lloyds sued by shareholders

7-Aug-2014 | By Kate Beioley

Herbert Smith Freehills (HSF) is stepping up to defend the second major bailed-out bank facing a shareholder dispute over losses during the recession. 

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Banking and Finance Briefings

Lenders beware: the dangers of being a ‘shadow director’ download subscription

Gateley 20-Aug-2014

A shadow director may be someone who is openly involved in managing a company or someone who lurks ‘in the shadows’ behind the scenes. 

Calculations on ISDA close-out: Lehman Brothers Finance SA (in liquidation) v Sal Oppenheim jr & cie KGAA download subscription

Dentons 20-Aug-2014

This case provides further guidance in relation to how payment on early termination of a 1992 ISDA Master Agreement should be calculated where automatic early termination applies.

Russia loosens rules on permitted income sources for residents’ foreign bank accounts download subscription

Dentons 20-Aug-2014

Last month, Russian legislators adopted major changes to RF Law No. 173-FZ, ‘On currency regulations and currency control’.

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Banking and Finance Analysis


The Lawyer Awards 2014 Shortlist: Finance Team of the Year

9-Jun-2014 | By Natalie Stanton

A flair for innovation sets apart the banking and finance teams on this year’s shortlist for top honours at The Lawyer Awards 


Switzerland: You can dodge, but you can’t hide

21-Apr-2014 | By Jonathan Ames

As Swiss banks wait for the US authorities’ tax evasion spotlight to fall on them, law firms are drafting in extra staff to cope


Leveraged finance: where did it all go wrong for UK firms?

18-Mar-2014 | By Natalie Stanton

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. 

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Banking and Finance Opinion

Cat Griffiths index

Losing the magic touch in finance

17-Mar-2014 | By Catrin Griffiths

Have the magic circle firms squandered their lead in acquisition finance?

Cat Griffiths index

A farewell to UK finance work

20-Jan-2014 | By Catrin Griffiths

For some reason the politics of King & Wood Mallesons SJ Berwin’s corporate department attracts extraordinary attention online from our readers.


If we value bravery we must pay


Financial incentives should be introduced for whistleblowers if we really want to encourage them 

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