18 February 2008

A&O’s Indian tiger

A&O’s Indian tiger22-Feb-2008“Very smart guys… know their market… at the top of their game…”No, not The Lawyer editorial team, ho ho – Allen & Overy’s new India partner firm, Trilegal. See story “Very smart guys… know their market… at the top of their game…” No, not The Lawyer editorial team, ho ho – Allen & […]

Investment into New Zealand

2007 saw another year of strong international investment into New Zealand. The main investors over the past 12 months have been offshore investment funds and private equity firms. The outlook While international indications suggest that 2008 is going to be a year of slowing economic growth and a possible recession in the US, the New […]

Growth areas in the Australian market

During 2007, Australia’s corporate legal market provided significant revenue and profit growth for the major law firms, despite the “top-end” Australian legal market being generally regarded as mature. Work levels were close to capacity, while most firms faced significant people challenges, including recruitment and retention in a very tough demand market, particularly at the senior […]

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SRA sets up body to investigate racism claims

The Solicitors Regulation Authority (SRA) has set up an independent working party to investigate claims that it is racist. The working party, chaired by Anesta Weekes QC of 23 Essex Street chambers, was set up in response to claims from Leicester East MP Keith Vaz that the SRA is racist against non-white lawyers when it […]

Macfarlanes and Travers lead on Pret a Manger sale

Macfarlanes and Travers Smith have been handed key roles in the private equity buyout of sandwich chain Pret a Manger. The sale, which completed in the early hours of this morning (22 February), saw private equity house Bridgepoint Capital buy a controlling stake in Pret a Manger, in a deal thought to value the business […]

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Allen & Overy signs Indian alliance

Allen & Overy (A&O) has signed a referral relationship with Indian law firm Trilegal. The deal also includes joint-training for Trilegal partners and associates as well as a consultancy agreement and a joint marketing initiative. A&O’s head of the India group, partner Alex Pease, said: “These are very smart guys and know their market. They’re […]

Slater & Gordon announces 56 per cent profit growth

Australian firm Slater & Gordon, which last year became the first law firm in the world to float on a stock exchange, has increased profit by more than half since its IPO. Slater floated on the Australian Stock Exchange (ASE) for A$35m (£16.4m) in May, and announced profit after tax this week of A$6.9m (£3.2m), […]

Cesar and Fidel

So it’s farewell Fidel and hello New Cuba. Or, at least, it will be when the world’s longest-serving head of state really does call it a day by checking out permanently. Until then, the world (and the world’s lawyers) can only speculate about the untold riches on offer once Cuba opens up. And first up […]

Olswang ally Greenberg busts budget by £20m

Greenberg Traurig has posted a 15 per cent increase in gross revenue for 2007, with turnover at the US national firm rising from $1.04bn (£519m) to $1.2bn (£599m). Average profit per equity partner (PEP) at the expansionist firm rose by just under 9 per cent, hitting $1.3m (£650,000) from $1.2m (£600,000) in 2006. Total compensation […]

Simpson Thacher dropped on Microsoft’s Yahoo! bid

Simpson Thacher & Bartlett has lost its plum role advising Microsoft on its $46.4bn (£23.91bn) hostile bid for internet giant Yahoo! The firm has been forced to step aside in favour of rival Sullivan & Cromwell because of a conflict. Simpson had been working until late last week to resolve the conflict but was ultimately […]

A&O advises BSkyB on Competition Commission challenge

BSkyB is relying on Allen Overy (A&O) to lead a legal challenge against the Competition Commission’s ruling that it reduce its stake in ITV. In October 2007 the Competition Commission concluded that BSkyB’s 17.9 per cent stake in ITV would lead to a substantial lessening of competition by giving BSkyB the ability to influence its […]

Bell & Scott elects new managing partner

Niche Scottish property firm Bell & Scott has elected Paul Jennings as its next managing partner with incumbent Iain MacDonald due to step down in November. Jennings joined the firm in 1994 and has been instrumental in the expansion of the retail and leisure team, as well as the development and investment team. He has […]

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