Covington and CMS lead on AstraZeneca’s £1.2bn Spanish transaction Legal Business A London team at Covington & Burling led by corporate partner Lucinda Osborne advised AstraZeneca on a potential $2.1bn deal…
Dundas & Wilson reveals 4.5% revenue dip alongside 8% PEP increase in its final year Legal Business Once a storied institution in the Scottish legal market, Dundas & Wilson has unveiled its last ever financials and has…
Freshfields wins Deutsche Bank $243m pay out from Sebastian Holdings Tom Moore The UK Court of Appeal has ruled that investment fund Sebastian Holdings must pay Germany’s Deutsche Bank $243m after losing…
Ashurst, Clifford Chance, Freshfields and Linklaters advise banks on competition inquiry Sarah Downey International firm Ashurst and Magic Circle trio Clifford Chance, Freshfields and Linklaters are advising the UK’s biggest banks over an…
BLP begins consultations to ease rules around managing out partners Tom Moore Following a period of upheaval that has seen Berwin Leighton Paisner (BLP) exit a number of non-performing senior lawyers, the…
Senior management reshuffle approved at Reed Smith Legal Business Reed Smith’s recently elected managing partner, Sandy Thomas, has had his recommendations for a senior management reshuffle, which rotates nearly…
Ashurst downsizes Adelaide office as head relocates Jaishree Kalia Global top-40 firm Ashurst is scaling back its Adelaide office headcount as its only Adelaide-based partner and office head Tanya…
Baker & McKenzie takes lead role on £650m Gherkin receivership Sarah Downey Global 100 firm Baker & McKenzie has secured a heavyweight real estate mandate advising on the receivership of London’s iconic building,…
Guest post: ‘Stockholm syndrome’ in legal services – GCs are captured by their advisers Legal Business A caricature may reveal a truth… ‘Why, if there is all the talk of change, is change so slow?’ One…
Edwards Wildman sees final corporate partner exit for Olswang as Arnold & Porter emerges as ‘in talks’ with disputes team Legal Business US firm Edwards Wildman has seen the last of its quintet of disgruntled corporate partners resign as it has emerged…
Shearman & Sterling secures historic $50bn arbitration award in epic Yukos dispute Tom Moore Russia has been ordered to pay $50.08bn to the majority shareholders in Yukos Oil Company, once Russia’s largest oil producer,…
Simmons & Simmons expands in Saudi Arabia Tom Moore Top 20 UK firm Simmons & Simmons is set to expand in Saudi Arabia through the opening of a new…
Serious Fraud Office settles first Tchenguiz case for £3m with a further £3m in costs Jaishree Kalia The high profile Tchenguiz brothers’ lawsuit against the Serious Fraud Office (SFO) for around £300m has finally settled after the…
Summer retention 2013/14: RPC posts 100% trainee retention rate as CMS sees rate drop to 67% post Dundas tie-up Legal Business City firm RPC is the latest to reveal its trainee retention rates this summer, and has announced it will keep…
Guest post: Where now for legal regulation? – A consensus to change the UK regulatory framework has emerged, but none over direction Legal Business A direct consequence of the government’s decision in May not to make any major changes to the regulatory framework for…
Clifford Chance ushers in more streamlined constitution with end to regional and practice head votes Legal Business As part of the first major changes to its corporate governance structure in 14 years Clifford Chance yesterday (24 July) voted…
BP announces specialist panel with Fieldfisher returning to the fold Jaishree Kalia BP has selected nine firms to provide niche legal services as part of its wider panel. Firms appointed are Baker…
Mayer Brown cuts trainee intake by half and retains 67% while Weil retains 100% of trainees Legal Business Mayer Brown will be cutting its September 2016 trainee intake by half, taking in just ten applicants compared to their…
Slaughters and Links lead on £3bn Carillion/Balfour talks; HSF and A&O advise on BSkyB’s £7.4bn European acquisitions Tom Moore Construction group Carillion has instructed Slaughter and May’s corporate heavy hitter William Underhill and fellow corporate partner Kathy Hughes to…
The Bar: BSB picks Sir Andrew Burns as new lay chair Legal Business The Bar Standards Board has selected Sir Andrew Burns as its next chair with Baroness Ruth Deech QC due to…
