Comment: Hired guns and troubleshooting – privilege confusion in UBS rape probe another jolt for City law

Comment: Hired guns and troubleshooting – privilege confusion in UBS rape probe another jolt for City law

Legal hacks frequently stand accused of making sensationalist statements once the dust has settled when it comes to lawyer conduct in emotive matters, especially where the Solicitors Regulation Authority (SRA) is involved. In our defence, we largely base initial treatment of these cases on the views of numerous market contacts at the time. The overturning of …

Dealwatch: Advisers secure Darktrace float and $12bn Aramco sale as Globalworth proves hot property

Dealwatch: Advisers secure Darktrace float and $12bn Aramco sale as Globalworth proves hot property

Another blistering week of deal announcements has seen corporate advisers tasked with a diverse selection of mandates, from the much-anticipated £3bn initial public offering of Darktrace to a $12bn disposal by Aramco and an unusual joint offer for Globalworth Real Estate Investments valued at €1.6bn. The proposed listing on the London Stock Exchange of British cybersecurity …

Dealwatch: Cazoo and Arrival fuel SPAC bonanza as Slaughters leads on Covid vaccine deal

Dealwatch: Cazoo and Arrival fuel SPAC bonanza as Slaughters leads on Covid vaccine deal

The special purpose acquisition company (SPAC) frenzy and coronavirus have continued to drive the market in recent days, with transatlantic corporate teams steering the multibillion-dollar Cazoo and Arrival deals, while an agreement for the acquisition of Covid-19 vaccines has proved a shot in the arm for Slaughter and May and Covington. The Cazoo de-SPAC heralded …

Skadden goes organic with three City promotions as investment intensifies in London

Skadden goes organic with three City promotions as investment intensifies in London

Skadden has made up its largest haul of new partners in London since 2008, a further showing of support for the City office after an uncharacteristically expansive stint in the lateral recruitment market of late. The move sees the famously conservative Wall Street giant promote three new partners as part of a 17-strong global round, …

Dealwatch: Transatlantic teams energise £8bn National Grid acquisition as Freshfields and Latham dine in on Deliveroo IPO

Dealwatch: Transatlantic teams energise £8bn National Grid acquisition as Freshfields and Latham dine in on Deliveroo IPO

As the City marks the one-year anniversary of the first coronavirus lockdown, elite playmakers continue to do deals from their living rooms, with a sizeable National Grid acquisition and Deliveroo’s multibillion-pound initial public offering making headlines in recent days. Last week (18 March) FTSE 100 utility National Grid emerged as the winner of a competitive …

‘Reloaded, but not in time’: Dechert defends revenue and profit dip as Mayer Brown inches past $1.5bn turnover

‘Reloaded, but not in time’: Dechert defends revenue and profit dip as Mayer Brown inches past $1.5bn turnover

As the financial reporting season for Global 100 firms gathers pace, some less eye-catching financial results have emerged, with Dechert seeing a 6% revenue and profit reversal and Mayer Brown growing turnover only marginally to exceed $1.5bn. Mayer Brown grew global revenue a sedate 2% to $1.52bn from just shy of $1.5bn last year when the …

‘A platform that will thrive’: Latham bullish as blistering growth sees revenue hit $4.3bn alongside 20% PEP surge

‘A platform that will thrive’: Latham bullish as blistering growth sees revenue hit $4.3bn alongside 20% PEP surge

Latham & Watkins has brushed aside pandemic-linked uncertainty to report a 15% revenue hike to $4.33bn, while profit per equity partner has hit $4.52m. The pace-setting results announced today (16 March) mean the Los Angeles-bred giant has bolstered its financials for a fifth year running, with a 20% surge in PEP more than doubling the …

Comment: Hope floats for City listing overhaul but American audacity is vital

Comment: Hope floats for City listing overhaul but American audacity is vital

City business has had cause to take heart in recent days with a clear display of political will behind an overhaul of UK listing rules that could see London shake off its Brexit and pandemic woes and reassert itself as global financial hub. Proposals set out in the UK Listing Review, led by Lord Hill, …

300 not out…the story of Legal Business spanning three decades

300 not out…the story of Legal Business spanning three decades

‘In the course of the last 30 years, a lot has changed in the legal world but a lot has stayed the same,’ observes Chris Saul, the former senior partner of Slaughter and May. Four months before the first-ever issue of Legal Business hit desks in January 1990, Billy Joel released the song We Didn’t …