Dealwatch: Kirkland lift first Cinven mandate since Maguire hire as Links, Gowling and Jones Day bed roles in week of PE records

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Dealwatch: Kirkland lift first Cinven mandate since Maguire hire as Links, Gowling and Jones Day bed roles in week of PE records

Kirkland & Ellis has this week won roles advising on one of the largest European private equity transactions since the financial crisis and the UK’s largest-ever private real estate transaction. Kirkland advised private equity houses Advent International, Cinven and the RAG foundation in their €17.2bn acquisition of Thyssenkrupp’s elevator business and acted for Blackstone in its …

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Latham rampant for second year running as surging City growth helps revenue hit $3.7bn

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Latham rampant for second year running as surging City growth helps revenue hit $3.7bn

Latham & Watkins has reported its second consecutive year of double-digit growth as its revenue surged to $3.768bn in 2019 while profits per equity partner (PEP) hit $3.78m. The results announced today (26 February) mean the Los Angeles-bred giant has improved its performance for the fourth year in a row, with the 9.5% surge in …

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Freshfields loses key rising star Newhouse as Latham renews City M&A push

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Freshfields loses key rising star Newhouse as Latham renews City M&A push

In the latest blow to the UK Magic Circle, Latham & Watkins has hired one of Freshfields Bruckhaus Deringer’s brightest young partners, Sam Newhouse. The US giant confirmed today (25 February) its most significant move in the UK public company M&A space since the hire of Allen & Overy’s well-liked M&A partner Ed Barnett in …

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Pretty, pretty, pretty good: outgoing Hogan Lovells chief lauds best-ever financials as PEP surpasses $1.5m

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Pretty, pretty, pretty good: outgoing Hogan Lovells chief lauds best-ever financials as PEP surpasses $1.5m

Hogan Lovells has posted its strongest financial performance since its transatlantic union a decade ago, with turnover rising 6% and solid year-on-year growth in all key metrics. Revenue in 2019 came in at $2.246bn, profits per equity partner (PEP) was up 9% to just over $1.5m despite the firm growing its equity ranks by 13 …

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From Silk to Rope: Linklaters signs lease for Ropemaker Street move in 2026

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From Silk to Rope: Linklaters signs lease for Ropemaker Street move in 2026

Linklaters is moving its 1,200-lawyer City headquarters out of Silk Street after 30 years to take up 14 floors at 20 Ropemaker in Moorgate from 2026. The firm’s move to new 300,000sq ft premises in the 27-storey building will reduce its floor space by about 25%, but managing partner Gideon Moore said Linklaters will be …

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Cadwalader London revenue down again despite strong global performance

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Cadwalader London revenue down again despite strong global performance

Cadwalader, Wickersham & Taft has seen its London revenue drop for the second year in a row, falling 4% to $41.3 in 2019. Following a 13% fall to $43.1m in 2018, the figure is a far cry from the $50m it recorded in 2017 and comes despite the firm posting a solid 9% global revenue growth …

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Freshfields under financial and reputational fire in Germany as cum-ex tax scandal rolls on

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Freshfields under financial and reputational fire in Germany as cum-ex tax scandal rolls on

Marco Cillario and Nathalie Tidman report on Freshfields’ role in the tax scandal rocking Germany It is not often that a law firm makes headlines outside the legal media, yet the name Freshfields Bruckhaus Deringer is rapidly becoming a regular feature of German newspapers. That is bad news for the City giant. How bad, many …

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Letter from… Warsaw: Weil’s withdrawal from CEE marks a new phase, not the end, of international firms’ regional domination

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Letter from… Warsaw: Weil’s withdrawal from CEE marks a new phase, not the end, of international firms’ regional domination

Neglected by foreign advisers for years, the Central and Eastern European (CEE) legal markets enjoyed a few moments of popularity in the press as the decade turned. Most notably, the once-formidable force in the region’s transactional space, Weil, Gotshal & Manges closed its three local branches in Budapest (January 2018), Prague (November 2018) and Warsaw …

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