Banking and finance


Addleshaws, K&E and Skadden line up on Asda’s £2.3bn petrol station deal

Addleshaw Goddard and Skadden Arps Slate Meagher & Flom are among the firms that advised on Asda’s £2.3bn buyout of EG Group’s UK and Ireland businesses. The supermarket giant is buying EG’s operations that consist of 350 petrol stations and 1,000 food-to-go locations. The deal is expected to be funded by both debt and equity, […]

Allen Overy

City talk: A&O’s Access win captures levfin lawyers’ attention

Few deals last year got the market talking as much as Access Group’s private debt refinancing, a bumper transaction involving 16 credit funds. In the past month, it emerged the software group had called in advisers again for a follow-on deal. The Lawyer understands that this time it was Allen & Overy that got the […]

Slaughter and May

Slaughters ushers in new finance leadership

Slaughter and May has appointed two new co-heads of finance amid an internal practice leadership re-shuffle, The Lawyer has learnt. The changes come ahead of current banking head Phillip Snell’s retirement. Snell joined the firm in 1993 and has been a partner at Slaughters since 2002. The Lawyer has learnt that finance partners Matthew Tobin […]

A&O and Addleshaws have kept faith in finance

Market position is often determined by visual conventions. Directories, for example, provide tiers where practices are simply ranked vertically on reputations that surge and ebb slowly over time. Perhaps it’s time for a new visual language to suggest different ways of thinking about what success means. Imagine if someone combined in usable and attractive visual […]


City talk: Banking M&A continues apace as TLT advises US buyer

The banking sector is continuing to fuel M&A deals, with TLT and Penningtons Manches Cooper the latest firms to win mandates on a UK-based deal.  There has been plenty of M&A deals within the financial sector following the collapse of Silicon Valley Bank, and the subsequent rescue of its UK arm by HSBC, as well […]

St Pauls Cathedral, London

UK duo score roles on £839m wealth management merger

Addleshaw Goddard and Macfarlanes are the two law firms that have capped off roles on British asset manager Rathbones’ acquisition of the UK wealth arm of Investec. Addleshaw Goddard advised its long-standing client Rathbones, with the deal valued at £839m. The AG team was led by partners Simon Wood, Graham Cross, Charles Penney and Damon […]

Shieldpay hires new legal head from private practice

B2B payments company Shieldpay has hired a new head of legal, two years after its legal team was restructured following the departure of former general counsel and chief compliance officer Willem Wellinghoff. Wellinghoff left Shieldpay in 2021 to become global chief compliance officer and UK money laundering reporting officer (MLRO) for PMA Media Group. Wellinghoff […]


Another exit for Shearman as finance partner departs

Shearman & Sterling has taken another hit in the City, with a member of its leveraged finance team set to leave the firm. Rahul Chatterji has spent nearly two years at the firm. He previously spent more than two years at Milbank as a special counsel and spent nearly 11 years at Allen & Overy. […]

Co-operative Bank

Ten firms win places on Co-op Bank roster

Firms including Clifford Chance, Hill Dickinson and Shoosmiths have secured spots on The Co-operative Bank’s legal panel. Clifford Chance is the only magic circle firm on the 10-strong list. It is joined by transatlantic, global firms such as DLA Piper, Eversheds Sutherland, Hogan Lovells and White & Case. Firms with more of a UK focus […]

St Pauls Cathedral, London

Second Linklaters partner departs for Cleary

One of the co-heads of Linklaters’ financial sponsor leveraged finance practice has left the firm for Cleary Gottlieb Steen & Hamilton. Ed Aldred is a Linklaters lifer. He has spent nearly 21 years at the firm and was given the nod to partner in 2013. He joins Nick Rumsby, another former Linklaters partner, who moved […]