Bit between the teeth: Swiss firms get crypto bug
From cryptocurrencies and blockchain, to regulation and litigation, tech and digital knowhow are changing the face of Switzerland’s financial and legal markets
Penningtons Manches Cooper records modest growth in pre-merger year
Penningtons Manches Cooper’s revenue has risen to nearly £80m while profits have taken a hit, in the firm’s second year as a member of the UK top 50. Over 2018/19, the firm saw slower growth compared to its previous two financial years, when both revenue and profit saw double-digit growth. Revenue rose 4.5 per cent, […]
The speed read: in-house fluidity; US firm office moves; and a poison pen at Doughty Street
Deep into August and the City is quiet as partners take a well-earned break drinking wine in Provence, sunning themselves on a Greek island or, in the case of one out-of-office reply we received this morning, “sailing round Alaska.” Nevertheless, the news does keep coming… The in-house market has rarely been this fluid The repercussions […]
Magic circle and US firms lead on Hasbro £4bn entertainment deal
Freshfields Bruckhaus Deringer and Mayer Brown have advised on US toy maker Hasbro’s £3.3bn ($4bn) acquisition of UK-listed Entertainment One. Canadian media and entertainment company Entertainment One, or eOne, is the owner of film and television titles such as children’s cartoons Peppa Pig and Ben and Holly’s Little Kingdom, through its family division. Through its […]
Firms set to lose out as Alibaba postpones its HK capital-raising
The delay in China’s biggest e-commerce company public listing in Hong Kong could see the longstanding advisers for Alibaba lose out on fees for a £16m capital-raising. The Alibaba Group announced early in the week that it would delay its IPO process in Hong Kong due to the protests that have swept the Asian corporate […]
Covington begins search for new London HQ as lease end nears
Covington & Burling is on the hunt for new office space in London as its lease edges closer to an end, The Lawyer understands. According to sources in the market, the US firm has kicked off the search ahead of its lease end in 2021. While no shortlist of potential locations is currently available, the […]
A&O, Linklaters and Weil in line for £12m payout on Cobham’s sale to US PE group
Allen & Overy, Linklaters and Weil Gotshal & Manges are set to scoop nearly £12m for their work on the £4bn takeover of Cobham, one of Britain’s biggest defence and aerospace companies, if the controversial deal goes ahead. US private equity company Advent International offered to buy Cobham, known for its air-to-air refueling technology, at the end […]