Fast-growing litigation funder Vannin Capital has appointed former Allen & Overy senior partner David Morley as chair ahead of a planned IPO on the London Stock Exchange. The company announced today (10 September) that it planned to issue £70m of new shares and sell part of the shares held by existing shareholders in a float …
Allen & Overy’s (A&O) response to criticism over its failure to disclose the pay gap between male and female partners has revealed slow progress on a par with its Magic Circle peers. The UK pay gap report for 2018, published today (6 September), for the first time includes the disparity between A&O’s female and male partnership …
Freshfields Bruckhaus Deringer and Linklaters have scored lead mandates on the proposed initial public offering (IPO) of small business lender Funding Circle, while Linklaters advised on the £2bn financing of the Triton Knoll wind farm. London-based start-up Funding Circle, which provides a loan platform for SMEs in the UK, US, Germany and the Netherlands, announced today …
City heavyweights Slaughter and May and Freshfields Bruckhaus Deringer have taken the driving seat on the proposed initial public offering (IPO) of Aston Martin, a float reportedly valuing the luxury car maker at £5bn. Slaughters won the mandate advising Aston Martin with a corporate team led by Nilufer von Bismarck and including Roland Turnill and Filippo de …
Continue reading “Magic Circle duo goes full throttle on Aston Martin’s landmark London listing”
Allen & Overy has become the latest Magic Circle firm to announce pay increases for its trainees and newly qualified associates (NQs), alongside a slightly reduced September 2018 retention rate. The salary for NQs has risen to £83,000 from £81,000, while second year trainees can now expect to take home £50,000, up from £49,000. First …
Weil Gotshal & Manges and Slaughter and May have scooped key mandates on Bain Capital’s proposed £1.2bn takeover of UK insurer esure as RPC and Clifford Chance (CC) wade into the House of Fraser saga. Weil is advising Bain on the proposed take-private, which will see the private equity player acquire, via its Blue (BC) Bidco Limited …
The Solicitors Regulation Authority (SRA) has launched a public consultation to inform changes to rules underpinning the reporting of misconduct as the industry claims a lack of clarity around the use of non-disclosure agreements (NDAs). The regulator today (2 August) will kick-start the consultation, aimed at ‘providing clarity around the practical judgements that compliance officers, …
After last year’s double-digit revenue growth for three of the big four Magic Circle firms, 2017/18 financials for the same group have failed to make as much of a splash this time around. But while failing to match last year’s 11% uptick in revenue and profit per equity partner, Clifford Chance (CC) nevertheless leads the …
Two standout moves in June and July saw the Magic Circle and the Wall Street elite each lose and gain one in partner reversions in London. Ward McKimm, one of thestra most upwardly mobile partners the City has seen, made good on a long-rumoured defection to Shearman & Sterling’s capital markets practice, having previously worked …
Continue reading “Shearman wins McKimm from Freshfields as Penn returns to A&O from Cleary”
More than 100 lawyers are eventually expected to join the new office White & Case is continuing its dynamic growth drive by launching an office in Chicago, spearheaded by Jason Zakia, the head of its disputes practice in the Americas.
