9 July 2007

Freshfields managing partner admits second dispute

Freshfields Bruckhaus Deringer’s managing partner divulged today (13 July) that the firm was in an ongoing dispute with one of its retired partners. Freshfields managing partner Peter Jeffcote made the admission in the final moments of being questioned by tribunal chairman Thomas Ryan in the hearing of age discrimination claims brought by Freshfields’ former insolvency […]

Slanging catch

Have you ever wondered why sometimes it feels like barristers’ clerks are speaking a completely different language? Well, it’s probably because they are. The Institute of Barristers’ Clerks has compiled a glossary of clerking speak, which could help the humble lawyer understand what the clerks are going on about (well, that’s if they let you […]

ABN Amro wins permission to sell LaSalle

The Dutch Supreme Court has ruled that Dutch bank ABN Amro does not require shareholder approval to sell US arm LaSalle to Bank of America (BoA). The ruling pushes Barclays one step further to having its $80bn (£39.37bn) bid to acquire ABN Amro accepted. Earlier this year (3 May) The Lawyer reported that Dutch investor […]

A&O, Freshfields and Linklaters secure Emirates bank merger

Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Linklaters have scored key roles advising on a Middle Eastern banking mega-merger. Linklaters is advising Emirates Bank International on its merger with National Bank of Dubai, which is being advised by A&O. Under advice from Freshfields, Goldman Sachs is acting as the lead financial adviser to the […]

Revealed: how to chat up a senior clerk

The bar is often criticised for being elitist, Oxbridge dominated and simply outdated, but a glossary of clerking speak shows that the bar can be ‘down with the kids’. Dionne Warwick, Gareth Gates, even Elton John and Kiki Dee feature as slang phrases in the dictionary that is being compiled by the Institute of Barristers’ […]

Fried Frank raids A&O for German ECM launch

Fried Frank is set to launch an equity capital markets (ECM) practice in Germany with the hire of a partner from Allen & Overy’s Frankfurt office. Michael Schlitt, A&O’s head of equity capital markets in Germany, has resigned to join Fried Frank’s fledgling corporate business, according to German magazine Juve. The move comes just weeks […]

CMS makes 22 redundant and sends IT offshore

City firm CMS Cameron McKenna is to slash its IT staff count by two-thirds as part of its plan to outsource more of its work. The firm has entered into a £10m ‘co-sourcing’ agreement with Indian firm HCL Technologies, which will see HCL providing integrated services, including data support, IT infrastructure management and application development […]

Wragges sees eight join directorship

Birmingham-based Wragge & Co has promoted eight lawyers to director level, the firm’s intermediate tier of seniority between associate and partner. Real estate saw two of the new appointees, with one each in corporate, employment, construction litigation, finance litigation, banking and IT. Senior partner Quentin Poole said the lawyers had been promoted as they had […]

A&O boosts Bangkok with Norton Rose partner

Allen & Overy (A&O) has taken a Norton Rose partner for its Thailand office, making him counsel. Suparerk Auychai has banking and equity capital markets expertise and will join A&O’s 26-lawyer Bangkok office. Auychai was a partner at Norton Rose for two years, having been made up in 2005. Norton Rose is now left with […]

Lovells secures £213m Euronext IPO

Lovells has landed a multi-jurisdictional role advising Advanced Metallurgical Group (AMG) on its IPO on the Euronext Amsterdam stock exchange. The global speciality materials company began trading on Wednesday (11 July) at a price of €24 (£16.28) per share and with a market capitalisation of €643m (£436.25). The IPO raised €314m (£213), which the company […]

Freshfields senior partner admits restructuring was a factor in pension reform

Freshfields Bruckhaus Deringer co-senior partner Guy Morton admitted that changing the demographics of the magic circle firm was a consideration, if not a motivation, of the recent pension reforms that have sparked an age discrimination claim against the firm. It was also revealed that he thought the introduction of fixed-share partners last year was “not […]

A&O’s PEP talk amounts to little

Allen & Overy (A&O) may not have quite regained its position as the most profitable City firm after Slaughter and May, but it’s certainly had the biggest PR campaign. Allen & Overy (A&O) may not have quite regained its position as the most profitable City firm after Slaughter and May, but it’s certainly had the […]

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