2 April 2007

Keep the champagne on ice

It’s been promotions mayhem this week and the subject has been dominating Lawyer News Daily. Judging by the immense amount of hits these stories are getting, they’ve struck a chord. So, as we head in to the Easter holidays, here’s one more for the road. Clifford Chance brought forward its announcement, which was expected next […]

KKR retreats from Sainsbury’s deal

US private equity house Kohlberg Kravis Roberts (KKR) has pulled out of the CVC-led consortium that is mulling an £9.5bn offer for J Sainsbury, the UK’s third-largest supermarket. The Clifford Chance-advised consortium now comprises Blackstone and Texas Pacific Group, as well as longstanding Clifford Chance client CVC. The three private equity houses now have until […]

CC follows Linklaters with 38 promotions

Clifford Chance has unexpectedly announced its promotions ahead of the Easter break, making up 38 to the partnership, exactly the same amount as last year. The promotions take the partnership globally to 619. Clifford Chance operates a salaried tier prior to the equity partnership. In May last year the firm backed away from radical plans […]

Pupillage schemes set for controversial overhaul

The Bar Council may require chambers to take on a specific number of paid pupillages and limit the number of places available on the Bar Vocational Course (BVC) as part of a shake-up of the profession’s recruitment rules. The proposals are currently being considered by Lord Neuberger’s working party, which was set up last November […]

Skadden celebrates birthday with European promotions spree

New York-headquartered Skadden Arps Slate Meagher & Flom is the latest firm to announce it partnership promotions, adding 29 to its partnership, including two in London. This is the most promotions London has seen in at least four years. The new London partners are corporate partner Shaun Lascelles and corporate finance partner Danny Tricot. Although […]

Lovells refills partnership with record promotions

Lovells has promoted a record number of associates to its partnership with an astounding 31 new partners making up for the 35 who quit the firm in 2006. The firm promoted 18 associates in 2006-07, 12 in 2005-06 and 15 in 2004-05. Its previous largest round of promotions was 24 in 2001. The largest portion […]

Offshore firm splits in two

Guernsey firm Collas Day has split into two following an ongoing dispute over the future direction of the firm. Litigation partners Mark Ferbrache and Paul Richardson have broken away to form a rival Guernsey-based firm under the name AFR Advocates. The split leaves Collas Day, which previously had eight partners, significantly reduced. The firm confirmed […]

Hammonds continues management overhaul

Hammonds has replaced two members of its central partnership board. Madrid office chief Francisco Guijarro and Paris-based corporate partner Christopher Wilde replace Hammonds’ Germany chief Frank Walter-von Gierke and Brussels office head Konstantinos Adamantopoulos respectively. The handover takes place at the expiry of the incumbents’ two-year terms on 1 May and follows an election staged […]

Lovells hits jackpot for old casinos

Lovells has scooped a big win in advising the British Casinos Association (BCA) on the hearing against the Government’s rules surrounding the new super-casinos. The firm is advising the BCA as well as four other gaming companies, Gala, Ritz, London Clubs and Stanley Casinos, which will ask the High Court to order the Secretary of […]

CMS makes up first non-equity partners

CMS Cameron McKenna has reversed its poor showing of promotions last year, making up 10 to its partnership. This year’s new partners will be the first to be voted into the non-equity tier that was introduced earlier this year (see The Lawyer, 25 January) after a three-year strategic review. The firm scrapped its all-equity partnership […]

Sidley switches sides for latest US mega-deal

A raft of US firms was drafted in to advise on the US’s latest mega-deal, the $8.2bn (£4.15bn) take-private of media and sports conglomerate Tribune by Chicago property tycoon Sam Zell. Chicago firms did particularly well out of the deal, with Sidley Austin, McDermott Will & Emery and Jenner & Block landing key roles. Sidley […]

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