Clifford Chance is considering cutting annuities for former partners in an attempt to save a further £12m as part of its cost-cutting programme Clifford Chance to cap payouts to ex-partners” />Chief operating officer David Childs kickstarted the annuities debate at the partnership retreat in Paris on 3-6 March. Currently, retiring partners are entitled to 20-35 […]

Macfarlanes (Tom Speechley) advised NIB Capital Bank on the refinancing of Schoeller Wavin Systems Holding and its subsidiaries in connection with the simultaneous acquisition of Arca Systems International. Clifford Chance advised the Schoeller Wavin group. Mannheimer Swartling advised the vendors. Milbank Tweed Hadley & McCloy’s Washington DC office (Glenn Gerstell) advised Export-Import Bank of the US and Export Development Canada on a $750m (£391.6m) facility […]

FedEx Corporation has promoted Christine Richards to the position of executive vice president, general counsel and secretary. Richards replaces Kenneth Masterson, who retires at the end of May. Masterson has been at Federal Express since 1979 and will continue as a consultant to the company after his retirement. Richards has been at FedEx since 1984. […]