Magic Circle firms Freshfields Bruckhaus Deringer and Linklaters have won lead roles advising on the sale of Alstom’s thermal power division to German private equity firm Triton in a deal worth around $1bn.
Guest post: Boring, boring Irwin Mitchell – there’s more to life than floating
It’s not often that I feel sorry for law firm PR people, but I sense that Irwin Mitchell is getting a little fed up with being asked when the firm is going to float.
Hogan Lovells calls on non-equity partners to inject £60k to £100k in response to HMRC shake-up
Hogan Lovells has called on its non-equity partners to make a significant capital contribution in light of HM Revenue & Customs’ (HMRC’s) decision to overhaul the way salaried partners are taxed, which is set to kick in this month.
‘Why don’t parties and their donors pay to run Parliament?’ MoJ pushes ahead with controversial court fees reform
Despite fierce accusations from within the senior echelons of the legal profession that the Government has failed to comprehend the Courts’ standing as an essential institution of the State, the Ministry of Justice (MoJ) this week announced it will push ahead with the first stage of its proposals to overhaul court fees in civil claims.
Partner promotions: Skadden makes up 1 City partner out of 11; Morgan Cole promotes two
Skadden, Arps, Slate, Meagher & Flom has promoted just one London lawyer to partnership in this year’s US-centric round of partner promotions.
The US top 5 Global 100 firm has promoted eleven lawyers in total, up three from last year
Asia: Latham hires V&E ex China co-head in HK; NRF hires DLA’s Singapore corporate head; Clayton Utz ends HK association
The past week has seen global top three firm Latham & Watkins hire Vinson & Elkins’ former China co-head David Blumental in Hong Kong, as Norton Rose Fulbright (NRF) takes on DLA Piper’s Singapore corporate head Sheela Moorthy and big six Australian firm Clayton Utz ends its association in Hong Kong with Haley & Co.
Paul Hastings and Cleary advise on Marriott London Grosvenor sale and £200m buy-in of UK’s Victoria Plumb
The London offices of US firms Paul Hastings and Cleary Gottlieb Steen & Hamilton are advising on the £125m sale of the Marriott London Grosvenor Square Hotel and the acquisition of a majority stake in British online bathroom retailer Victoria Plumb for around £200m respectively.
Comment: Democracy and half measures are not delivering for Addleshaws
I wrote recently of the need, when commenting on the firms and individual lawyers we cover, to give the benefit of the doubt, and I meant it, but sometimes it’s hard to find that silver lining or constructive slant. Addleshaw Goddard, unfortunately, has become a case in point.
Taylor Wessing fills German head of private equity slot with Skadden hire as Bird & Bird bolsters Frankfurt
Taylor Wessing has hired Skadden, Arps, Slate, Meagher & Flom M&A partner Walter Henle to fill the role of German private equity head. The hire comes as separately, former Skadden Arps partner Peter Veranneman joins Bird & Bird’s Frankfurt and Dusseldorf offices from German bond company DGVA
Irwin Mitchell’s departing CEO John Pickering points to ‘the changing legal sector’ as Tucker takes over
Irwin Mitchell’s longstanding head John Pickering has pointed to changes in the legal sector for his decision to step down as group chief executive (CEO), as he prepares to leave the firm and the former CEO of the firm’s personal legal services (PLS) division Andrew Tucker steps into the lead role.