Construction group Carillion has instructed Slaughter and May's corporate heavy hitter William Underhill and fellow corporate partner Kathy Hughes to advise on a proposed £3bn merger with UK rival Balfour Beatty, which has turned to Linklaters' M&A veteran and longstanding adviser Iain Fenn.
The deal comes as today (25 July) also saw BSkyB conclude a £7.4bn deal to buy European sister companies Sky Deutschland and Sky Italia from 21st Century Fox, with Herbert Smith Freehills (HSF) leading for BSkyB and Allen & Overy (A&O) for Rupert Murdoch's multinational media coporation.
BP has selected nine firms to provide niche legal services as part of its wider panel. Firms appointed are Baker & McKenzie, Fieldfisher, Hill Dickinson, Holman Fenwick Willan, Reed Smith, Stevens & Bolton, Sullivan & Cromwell, Watson Farley & Williams and arbitration boutique Three Crowns.
As part of the first major changes to its corporate governance structure in 14 years Clifford Chance yesterday (24 July) voted to dispense with regional and practice head elections in favour of appointment by managing partner Matthew Layton.
A direct consequence of the government's decision in May not to make any major changes to the regulatory framework for legal services is that it simultaneously fired the starting gun for the race to introduce major changes to the regulatory framework for legal services.
Recently formed national player Wragge Lawrence Graham & Co has unveiled the combined results of its legacy firms for the last financial year, having created a firm with £172m in revenues and £58.7m in profit, operating at a margin of 34%.
Despite not having made it into the latest top 100 salary-based compensation rankings of US general counsel (GCs), the earning power of GCs based on stocks has again come to the fore after JPMorgan Chase & Co’s GC Stephen Cutler sold off 43,997 shares priced at $58.74, making Cutler $2.58m.