27 July 2009

Linklaters scores von Bismarck fillip in Germany

Linklaters’ hire of ex-Clifford Chance partner Kolja von Bismarck has transformed the German restructuring market at a stroke. Von Bismarck is probably best known for his high-profile work on the GM restructuring, which he landed entirely on his own, ­benefiting from the fact that Gleiss Lutz was conflicted out. “Clifford Chance probably wouldn’t have got […]


The Indian legal market: how to win friends and alienate people

UK firms’ corporate patronage is not as appealing as some might suppose, says Kian Ganz Despite best friendships being the talk of Indian towns, very few Indian firms have actually taken the leap to forge such relations. International firms’ lack of enthusiasm is certainly not the problem, but the dowry they bring to the table […]

Freeth Cartwright suffers 36 per cent drop in PEP

Midlands-based Freeth Cartwright has posted an average profit per equity partner (PEP) of £150,000, a 36 per cent drop on the previous financial year’s PEP of £233,000. Turnover at the firm fell by 3 per cent to hit £32.5m. The equity spread at Freeth Cartwright has fallen from a range of £147,000-£335,000 last year to £105,000-£180,000 ­during […]


Clifford Chance mulls expansion in Turkey

Clifford Chance is examining its options in Turkey after establishing a toehold in the country, The Lawyer can reveal. Mete Yegin Istanbul lawyer Mete Yegin was hired by the magic circle firm in January from local firm Pekin & Pekin to expand business in the country. At the moment the relationship is run mainly out of Clifford […]

Govt report suggests law is the preserve of the wealthiest

The new government report on social mobility, which singles out the legal ­profession as being closed to those from poorer backgrounds, sparked a predictable backlash on TheLawyer.com. For many lawyers it is clear that ­success (or not) in a legal career should have nothing to do with background. The only responsibility of law firms and […]


Work Life Quiz: Steven Fox, Ashurst

What was your first-ever job?I was the junior member and the only man in a large team of women slicing bacon in a meat factory in Wakefield, West Yorks.  I learned everything you need to know about life during that period – as well as more jokes about pork than I’d care to remember. Steven […]

People Moves

Reynolds Porter Chamberlain (RPC) has hired three new partners. Jonathan Watmough Move of the week Reynolds Porter Chamberlain (RPC) has hired three new partners: Vivien Tyrell arrives as head of insolvency and restructuring from Edwards Angell Palmer & Dodge, where she was a partner; David Wallis joins the ­corporate group from Dechert, where he was […]

Gide and Links handle Mechel debt manipulation

Russian steel giant Mechel has secured a deal to ­refinance $2.6bn (£1.58bn) of its short-term debt, ­leading to mandates for Gide Loyrette Nouel and ­Linklaters. Gide, acting for Mechel, is leading the transaction from Moscow, with banking ­partner Grigory Marinichev working alongside partner Michael Doran in London. Linklaters was instructed by the 27 lending banks. […]

Teacher Stern provides timely assist on Man City’s Tevez swoop

Teacher Stern Selby has advised on footballer Carlos Tevez’s transfer to Manchester City FC. Graham Shear Teacher Stern partner Graham Shear led a team advising Tevez’s agent Kia Joorabchian on the deal, which concluded last week. Shear said: “From a regulatory and commercial view, this was at times an incredibly challenging matter. But all those […]

Nabarro seals real estate sale for Land Securities

Nabarro has advised longstanding client Land Securities on one of the largest property sales in the West End so far this year. The firm was instructed on the sale of retail and office development Portman House on Oxford Street for £155m to Libyan Foreign Investment Company ­subsidiary Kinloss Property. The sale of Portman House, which is […]

Lovells, Slaughters bag roles on Icelandic banks’ recapitalisation

A group of UK and US firms has landed key roles advising on the $2.1bn (£1.28bn) recapitalisation of the Icelandic banking ­sector. Lovells equity capital markets partner Richard Brown is leading a team advising the Icelandic ­government on a deal that will see it issue bonds to the three new banks created to replace the […]


Cadwalader office move sees firm downsize in City

After scouring London for the perfect home, ­Cadwalader Wickersham & Taft has found a new UK base. The US firm is downsizing dramatically. The 14th and 15th floors of Dashwood House, 69 Old Broad Street, gives the US firm 18,000sq ft compared with 35,000sq ft at 265 Strand. After vowing to rebuild London following a […]

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