Banking and finance

Arthur Cox hires Kirkland finance partner

Kirkland & Ellis has lost another City finance partner, as one of its regulatory specialists moves to Irish firm Arthur Cox. Sarah Thompson, who was formerly a partner in Kirkland’s financial services regulatory group, joins the firm in Dublin. She arrived at Kirkland as a partner in 2018 from Linklaters’ financial regulation group, where she […]

exit

Milbank adds second lateral of 2021 with Shearman hire

Shearman & Sterling’s head of EMEA capital markets is leaving the firm for Milbank, three years after former colleague Apostolos Gkoutzinis made the same move. Partner David Dixter is joining the US firm’s London office, after a decade at Shearman. Prior to that he was an associate at Cleary Gottlieb Steen & Hamilton in both […]

High Court

Details emerge in Barclays claim from former GC

Today’s high-profile PCP judgment revealed further details about a claim being filed by Barclays’ former general counsel, who is seeking “substantial damages” for breach of contract and duty. According to the judgment in the case of PCP Capital v Barclays, Barclays is facing allegations of breach of contract and duty from former GC Judith Shepherd, […]

barclays

PCP Capital’s High Court claim fails against Barclays

The High Court has rejected PCP Capital’s claim against Barclays in a highly-anticipated judgment from Mr Justice Waksman, which ruled that Quinn Emanuel Urquhart & Sullivan’s client is not entitled to the damages it sought. In a mammoth ruling handed down today, Waksman J concluded that PCP’s claim should be dismissed despite finding that Barclays […]

Linklaters finance partner exits for Latham

Latham & Watkins has added another partner to its expanding restructuring and finance groups in London, with Bruce Bell joining from Linklaters. Bell was promoted to partner at Linklaters in 2005, having moved across as an associate from Wilde Sapte in 2000. In Latham’s restructuring group, he will be reunited with fellow Linklaters alumni such […]

DLA hires Freshfields partner as new head of finance

A former head of Freshfields Bruckhaus Deringer’s finance group has left the firm to take on a new role at DLA Piper. DLA has taken on David Trott to lead the practice from May 2021. Trott has been a partner at Freshfields since 1997 and led its global finance team between 2012 and 2016. His […]

revolut

Challenger bank Revolut seeks refresh of legal roster

Revolut is looking to review its legal panel after forming its inaugural roster a year ago. The Lawyer understands that the British challenger bank is assessing its panel, which was put in place last year. Six firms were appointed, including Linklaters, Baker McKenzie and DLA Piper. The panel was put in place for a year. […]

Financial Conduct Authority

FCA brings criminal proceedings against ex-Clifford Chance lawyer

Criminal proceedings are being brought by the Financial Conduct Authority (FCA) against a former Clifford Chance lawyer and his brother, an ex-Goldman Sachs analyst. The FCA is commencing proceedings after carrying out an investigation into lawyer Suhail Zina and brother Mohammed, who was an analyst in Goldman’s conflicts resolution group. The matter relate to six […]

Frankfurt

Addleshaws recruits Luther partner for Frankfurt foray

Addleshaw Goddard has extended its reach into Frankfurt, two years after opening its first office in Germany. The firm has recruited banking and finance partner Nadine Bourgeois from Luther, who will work between Frankfurt and Addleshaws’ existing Hamburg office. She is Addleshaws’ first dedicated banking partner in Germany.  Bourgeois’ clients include banks, alternative lenders, and […]

ASDA

City quartet lead in ASDA’s £2.75bn bond sale

Slaughter and May and Latham & Wakins are among the firms advising on the Issa Brothers’ sterling junk bond sale to fund the acquisition of Asda. The billionaire brothers have sold £2.75bn worth of debt through the bond. Slaughters is acting for Asda with a team led by finance partner Guy O’Keefe, alongside associates Charlie […]

British Business Bank scoops longtime Government lawyer as new GC

The British Business Bank has found its next general counsel from the Medicines & Healthcare products Regulatory Agency (MHRA). The Government-owned bank will see former MHRA head of legal Elizabeth O’Neill become general counsel and company secretary from 15 February. Her career so far has spanned a number of roles at the intersection of public […]