Davis Polk & Wardwell and White & Case have landed plum roles on the $19bn (£9.62bn) Visa IPO, the largest ever in US history. Davis Polk head of capital markets Richard Sandler and New York-based partner Joe Hall are leading the team advising the underwriters on the deal, which will offer 447.2 million shares priced […]
Halliwells has launched a redundancy consultation process across its London-based corporate team, as a result of the group lagging behind budget. It is understood that seven or eight solicitors and support staff could be without a job as a result of the review that will close in early March. Head of corporate Julian Lewis has […]
Simpson Thacher & Bartlett and Weil Gotshal & Manges have snared key roles on the leveraged buy-out of Getty Images by private equity house Hellman & Friedman. Weil Gotshal Silicon Valley managing partner Craig Adas advised long-standing client Getty Images on the $2.4bn (£1.22bn) transaction. Davis Polk & Wardwell partner Dan Kelly advised founder and […]
Addleshaw Goddard is expected to move into new offices at MiltonGate in the City as early as next year.
City IP boutique Bristows has recruited a three-partner disputes team from the London office of US firm Howrey. Former Howrey partners Geoffrey Gauci, James Irvine and Charles Pugh join Bristows as partners on 1 March. Bristows joint managing partner Paul Walsh told The Lawyer: “We want to build on our excellence in IP and build […]
Total cost of case to exceed £10m as Al fayed’s silks bill £575 an hour Barrister fees for the core team of counsel on the Diana inquest will reach almost £5m, with the total cost of the case set to top £10m. The £10m figure for counsel fees is a conservative estimate that includes last […]
Insurers have declared that underwriting non-European lawyers looking to run competition cases in the EU would be almost untenable due to the Akzo Nobel ruling. Insurers have declared that underwriting non-European lawyers looking to run competition cases in the EU would be almost untenable due to the Akzo Nobel ruling. The assertion follows news of […]
Irwin Mitchell aiming for £150m turnover” /> Irwin Mitchell managing partner Howard Culley has been re-elected in his 20th year in office and is predicting a 35 per cent rise in turnover to £150m by the end of the financial year. Culley said growth had been bolstered by the merger with Scottish firm Golds in […]
Freshfields Bruckhaus Deringer’s role on the Northern Rock saga has been marginalised after the mortgage lender passed into public hands last week. Freshfields Bruckhaus Deringer‘s role on the Northern Rock saga has been marginalised after the mortgage lender passed into public hands last week. Freshfields, whose oldest client the Bank of England had to turn […]
Northern Rock passed into public ownership last Friday (22 February) following what was ultimately a very simple legal process. Nationalisations do not come along often – the last occurred more than three decades ago – and only the longest-serving City lawyers will have been touched by one. Yet despite the frenzy surrounding the Government’s decision […]
Northern Rock’s smaller shareholders, who are hoping to sue the Government over their lost shareholdings, face costs of up to £50 each before any action can get underway. Edwin Coe partner David Greene, who represents around 7,000 of the bank’s smaller shareholders, said a cash injection is needed to round up enough shareholders to bring […]
Reynolds Porter Chamberlain (RPC) is sending a reconnaissance team to Bermuda to scout the possibility of launching on the island. Reynolds Porter Chamberlain (RPC) is sending a reconnaissance team to Bermuda to scout the possibility of launching on the island. The firm’s initiative comes as a growing number of UK firms look to join UK-based […]