Banking and Finance News
Ropes & Gray’s hire of Travers Smith private equity star Phil Sanderson is quite a coup for the US firm.
Skadden Arps Slate Meagher & Flom has brokered a record-breaking $16.6bn (£10bn) settlement with the US Department of Justice (DoJ) for client Bank of America to resolve allegations of fraudulent mortgage handling.
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.
Citigroup has lost its New-York based global consumer business general counsel following the exit of two other in-house lawyers earlier in the year.
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.
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 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.
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 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.
Banking and Finance Briefings
Lehman Brothers: Pensions Regulator settles for full buy-out cost download subscription
The Pensions Regulator’s financial support direction case against various companies in the Lehman Brothers group has settled.
Mexico’s energy reform provides significant opportunities in oil and gas exploration and production download subscription
Mexico’s new energy legislation will completely restructure the Mexican energy sector, including both hydrocarbons and electricity.
Budget 2014: legislation published download subscription
Hot on the heels of the government’s response to consultation in July, we now have a draft Taxation of Pensions Bill.
Banking and Finance Analysis
A flair for innovation sets apart the banking and finance teams on this year’s shortlist for top honours at The Lawyer Awards
As Swiss banks wait for the US authorities’ tax evasion spotlight to fall on them, law firms are drafting in extra staff to cope
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.
Banking and Finance Opinion
Have the magic circle firms squandered their lead in acquisition finance?
For some reason the politics of King & Wood Mallesons SJ Berwin’s corporate department attracts extraordinary attention online from our readers.
Financial incentives should be introduced for whistleblowers if we really want to encourage them