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Magic circle re-builds the pyramid structure

To what extent is the traditional resourcing model of law firms under fire? We track the inexorable change. Trainee retention in the magic circle has shot up recently. But this apparent good news is not all that it seems. And just to be clear, this is a story that is very far from being solely […]

Heinz

Cravath, Kirkland and Sullivan on call for Heinz and Kraft merger

Cravath Swaine & Moore, Kirkland & Ellis and Sullivan & Cromwell have won the lead roles on the multi-billion dollar merger of food giants Kraft and Heinz. Kirkland corporate partners Jay Ptashek, Josh Korff, Bill Sorabella, Michael Kim and Nick Schwartz are advising HJ Heinz Company and the company’s part-owners 3G Capital on the deal.  […]

Malaysia

Cleary and Milbank advise on $5bn bond offering by Malaysian oil company Petronas

Cleary Gottlieb Steen & Hamilton and Milbank Tweed Hadley & McCloy have advised on Asia’s largest bond offering so far this year, the $5bn (£3.3bn) bond offering by state-owned Malaysian company Petronas. Cleary represented Kuala Lumper-based Petroliam Nasional Berhad (Petronas), which is the largest G3 issuance (dollars, euros and yen) in the region so far […]

London

OneSavings Bank appoints new head of legal and unveils first formal panel

OneSavings Bank (OSB) has appointed a new head of legal as it names 12 firms to its first formal legal panel of external advisers. Former SJ Berwin associate Sam Roberts will report to general counsel and company secretary Zoe Bucknell when he takes on the role on 1 April. He is currently senior legal advisor […]

Slaughter and May

Slaughters makes up two women in four-strong promotions round

Slaughter and May has promoted four lawyers to its partnership in London, boosting its overall female partnership to 22 per cent. This number is lower than the six-year high of 2014, when seven associates were made up to partner (19 March 2014). The firm also promoted a new partner in Hong Kong later in the […]

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