Buyout star Adrian Maguire to join Kirkland in body blow to Freshfields

Buyout star Adrian Maguire to join Kirkland in body blow to Freshfields

One of the most touted private equity names in the City, Adrian Maguire, has quit Freshfields Bruckhaus Deringer to join Kirkland & Ellis just over a year after his former colleague David Higgins made the same move. Freshfields-bred and regarded as a loyalist to the firm, Maguire is leaving the Magic Circle outfit after more than …

White & Case loses two capital markets veterans as Bakers ramps up City transactional investment

White & Case loses two capital markets veterans as Bakers ramps up City transactional investment

Baker McKenzie has kicked off 2019 with another step towards its long-stated aim of beefing up its London transactional capabilities, hiring capital markets partners Rob Mathews and David Becker from White & Case. Veteran Mathews played a key role in White & Case’s high-yield practice and led on a number of large mandates including the …

US partner promotions: Nine minted in the City as Jones Day, Sidley, Cadwalader and Akin announce latest rounds

US partner promotions: Nine minted in the City as Jones Day, Sidley, Cadwalader and Akin announce latest rounds

Jones Day, Sidley Austin, Cadwalader Wickersham & Taft and Akin Gump Strauss Hauer & Feld have unveiled their 2019 partner promotions, together welcoming four more London based-lawyers to their partnerships than last year. Jones Day saw the largest cohort in a bumper round, with the firm promoting four in the City out of 46. Last year it …

Deal watch: Busy year-end as Japanese group buys Swiss power grid and Malaysian funds invest in Battersea

Deal watch: Busy year-end as Japanese group buys Swiss power grid and Malaysian funds invest in Battersea

City deal teams are having a busy run-up to Christmas, with Baker McKenzie, Freshfields Bruckhaus Deringer, Addleshaw Goddard and Linklaters leading on two multibillion-dollar deals. Bakers’ London private equity head David Allen and corporate partner Jannan Crozier led a team advising Hitachi as the Japanese conglomerate acquired 80.1% of Swiss giant ABB’s power grid division for …

LLP accounts: Linklaters posts fall in profits as top earner doubles income at Macfarlanes

LLP accounts: Linklaters posts fall in profits as top earner doubles income at Macfarlanes

Operating profits at Linklaters dipped 1% to £472.3m, while Macfarlanes’ highest-earning partner brought home almost £4m in 2017/18, the two firms’ LLP accounts showed this week. In a mixed bag of financial results, the fall in profits at Linklaters came despite a 6% rise in turnover to £1.51bn. The operating profit figure reported is more …

Globetrotters in Europe: Dentons and White & Case expand operations as Weil scales back in CEE again

Globetrotters in Europe: Dentons and White & Case expand operations as Weil scales back in CEE again

Global players scaled up their investment in continental Europe this autumn, with Dentons launching its fourth German base and White & Case growing its French team. Meanwhile, Weil, Gotshal & Manges has shut its doors in Prague, its second office closure in central and eastern Europe (CEE) in 2018. Dentons’ fast-growing German branch hired Taylor …

Bumpy road for US firms in Asia as Reed Smith, Cleary and Shearman lose out to local players

Bumpy road for US firms in Asia as Reed Smith, Cleary and Shearman lose out to local players

China and Hong Kong are becoming increasingly challenging places for the global elite as the competition for talent from local shops intensifies. Among the most recent victims were Reed Smith, Cleary Gottlieb Steen & Hamilton and Shearman & Sterling, which lost out to Australian firm MinterEllison, King & Wood Mallesons (KWM) and Fangda Partners respectively. …

Letter from… Singapore: A warm welcome and slick offering keep Singapore ahead in the race to be Asia global hub

Letter from… Singapore: A warm welcome and slick offering keep Singapore ahead in the race to be Asia global hub

The view from Fort Canning Hill is telling. You stand next to an early 20th century lighthouse, a testament to Singapore’s early success as a maritime trade hub. It shut in 1958, as the skyscrapers vaulting up rendered it hardly visible from the sea – a port at the crossroads of India and China was …

Deal View: Warlords in Paris – Kirkland’s long march to the French capital

Deal View: Warlords in Paris – Kirkland’s long march to the French capital

For a 109-year-old giant that fielded just 12 offices at the beginning of 2017, Kirkland & Ellis has had an expansive 18 months. Of course, there is never a better time to invest than the year in which your firm became the highest-grossing legal outfit in the world as Kirkland did in 2018 after posting …