Ashurst

Ashurst

Newspaper

Ashurst advises i newspaper owner as it puts itself up for sale

Ashurst is advising multimedia publisher Johnston Press, which owns titles such as i newspaper, as it puts itself up for sale in response to financial struggles. Corporate partner and The Lawyer Hot 100 2017 Karen Davies and global head of restructuring and special situations Giles Boothman are leading the sale and strategic review of the beleaguered company, which […]

Ashurst

Ashurst tempts back derivatives partner for innovation role

After just two years at the helm of Fieldfisher’s alternative legal services arm Condor, Christopher Georgiou has returned to Ashurst to help lead the firm’s delivery platform. Ahead of his move to Fieldfisher, Georgiou was a lawyer at Ashurst for 14 years from 2002 to 2016, which he joined as part of the newly-created derivatives & structured […]

Royal Mail

Ashurst client Royal Mail hit with £50m fine for competition breaches

Royal Mail, advised by a team from Ashurst, has been unable to fend off a £50m fine from Ofcom, after an investigation into the business’s practices in 2014 found the delivery giant had “abused its dominant position in bulk mail delivery”. Three-partner firm Towerhouse advised Whistl, then known as TNT, which was trying to break into […]

Trio of firms step in to salvage Countrywide in emergency funding

Slaughter and May, Ashurst and Paul Weiss Rifkind Wharton & Garrison have advised in Countrywide’s emergency £111.4m equity raising, as the crisis-hit estate agency group seeks to reduce its colossal debt figures. Corporate partner Richard Smith and finance partner Ed Fife led the Slaughters team acting for Countrywide. Smith is the firm’s client relationship partner for Countrywide, […]

Ashurst

Ashurst concludes redundancy consultation with 54 roles lost

Ashurst has cut 54 secretarial roles in its London office, after the firm decided to scrap the position of executive assistants (EAs) in favour of a new role called “practice executive”. The firm revealed in May that 80 roles were at risk as part of the shift, with practice executives set to cover a broader line […]

Ashurst

Ashurst in disputes push with Mayer Brown construction hire

Mayer Brown construction and arbitration partner Tom Duncan has left the firm after six years for Ashurst‘s London disputes group. Duncan joined Mayer Brown in 2001 and made partner at the firm 10 years later. He will join Ashurst’s disputes team as the seventh new hire to the group globally this year. Other new joiners in […]

Mining

Ashurst advises on £800m take-private offer for Vedanta

Ashurst is advising on the possible buyout of Vedanta Resources, after Indian businessman Anil Agarwal indicated his intention to purchase the remaining shares in the company for nearly £800m. The firm is working with Volcan Investments, the vehicle through which Agarwal currently owns a majority stake in Vedanta. He has made an offer to take on the […]

Ashurst

Ashurst back on form with double-digit PEP growth

Two years after reporting a 10 per cent slump in its average profit per equity partner (PEP), Ashurst is back on track, reporting double-digit PEP growth to £743,000 in 2017/18. The news marks a turnaround in the firm’s financial fortunes, as it is an 11 per cent uplift in PEP from £672,000 last year, and […]

Luxembourg

Ashurst bets on Europe with Luxembourg launch

Ashurst has been given the go-ahead to open in Luxembourg after receiving approval from the local bar association. The new office, focusing on finance and funds, will open in October this year, with corporate partner Isabelle Lentz at the helm. Lentz is currently the head of Ashurst’s Luxembourg desk in London, which was set up […]

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