Thames Water has opened to tender its legal services provision worth £48m in total, inviting pitches from up to 10 firms for a new panel providing regulatory, litigation and projects work – in addition to its external panel.
Ropes & Gray finance duo Wesseldine and Wheeler exit firm for King & Spalding
Ropes & Gray finance partners Mark Wesseldine and Fergus Wheeler have left the firm, for the City arm of King & Spalding.
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Fieldfisher grows finance practice with hire of K&L Gates’ Moller
Fieldfisher has appointed Stephen Moller as a partner from K&L Gates, further bolstering the firm’s finance team after its April hire of Freshfields’ Dougall Molson.
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Simpson Thacher and CC act on $12.2bn real estate sale of Logicor to CIC
Simpson Thacher & Bartlett and Clifford Chance (CC) have advised Blackstone and China Investment Corporation (CIC) respectively, as Blackstone announced the $12.2bn sale of its pan-European logistics company Logicor to CIC.
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Revolving doors: Dechert hires in Frankfurt, Watson Farley in Hamburg, McDermott in Dusseldorf
In a week of European-focused lateral hires, firms have expanded their German ranks. Dechert hired in Frankfurt, Watson Farley & Williams in Hamburg, and McDermott Will and Emery in Dusseldorf.
OC team sets up boutique as Andersen launches in Cologne
Six lawyers from Osborne Clarke’s (OC) procurement team have left to establish a new law firm in Cologne, named Esch Bahner Lisch. Andersen Tax & Legal has also opened an offfice in the same German city last week.
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‘Long-term growth’: Lewis Silkin appoints CMS director of change
Lewis Silkin has appointed Graeme Wood as chief operating officer (COO) from CMS Cameron McKenna Nabarro Olswang, ‘to support long term growth’ at the firm.
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‘Logical next step’: Pinsent Masons buys specialist diversity and inclusion business Brook Graham
Pinsent Masons has acquired specialist diversity and inclusion (D&I) business Brook Graham for an undisclosed sum, fresh from buying a 20% stake in New Law outsourcing business Yuzu.
Simpson Thacher acts for CVC on record-breaking €16bn new fund
Simpson Thacher & Bartlett’s London office has advised CVC Capital Partners on its record-breaking €16bn fundraising.
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‘Fundamentally different’: MasterCard and Visa to face new £300m UK retailers’ interchange fee claims
Humphries Kerstetter has launched a series of new £300m competition damages claims against MasterCard and Visa, on behalf of a group of 27 UK high street companies including betting firms, online retailers and a major supermarket.
Addleshaws, Freshfields and Linklaters line up on Lloyds and Metro Bank £1.9bn and £596.7m acquisitions
Addleshaw Goddard has scored roles advising both Lloyds Banking Group and Metro Bank on two distinct acquisitions worth £1.9bn and £596.7m respectively, Freshfields Bruckhaus Deringer and Linklaters on the other side.
Kennedys complete merger with US insurance firm Carroll McNulty & Kull
Kennedys and US insurance firm Carroll McNulty & Kull (CMK) have completed their merger, giving the firm over 1000 lawyers across the Americas, Asia-Pacific, Europe and the Middle East.
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Bond Dickinson combines with Womble Carlyle to create transatlantic firm with £340m combined revenues
Bond Dickinson has joined up with its US strategic alliance firm Womble Carlyle Sandridge & Rice to create a new transatlantic law firm and UK top 20 firm with £340m in combined revenues.
Ashurst and A&O score roles on Saudi Aramco’s JV with Lamprell to develop $5.2bn maritime yard
Ashurst and Allen & Overy (A&O) are acting on Saudi Aramco and oil rig construction business Lamprell’s new joint venture to develop a $5.2bn maritime yard in Saudi Arabia.
Foreword: Todd McClay
Asia Pacific is a very important part of the world and one whose significance continues to grow. These are a group of countries with large populations who are starting to grow very, very quickly. Individually, their economies are developing, while their engagement with the global economy is changing. Increasingly, they’re seeking external investment, while demand from consumers for goods and services continues to grow.
Recalibrating the global trade compass
For the past three decades, Asia Pacific has been the engine of growth for the global economy. In the wake of the East Asian financial crisis in the late 1990s, a gradual opening of economies and markets, most notably from China, has led to a boom – establishing new pillars of global economic strength alongside traditional mature economies in the region.
The building blocks of working differently
Lego, world famous makers of toy building bricks, declares that its mission is to ‘inspire and develop the builders of tomorrow’. It had this ethos front of mind when it began unveiling a state-of-the-art design concept for some of its major global offices.
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Connection – it goes both ways
It’s a common refrain: law firms are not giving in-house teams what they want, in the way that they want it.
Amid the disruption of alternative providers and increasing automation of services, law firms should be listening closely to their clients. But, according to a recent report published by LexisNexis in collaboration with Judge Business School at the University of Cambridge, many are not.
In conversation: Christopher Chan, general counsel, RedMart
GC: Transitioning from a law firm in Washington DC to a startup in Singapore is quite a change, how did you find it?
Christopher Chan: It’s great to shake up your life every now and then to get new perspectives and experiences. There is nothing like leaving behind a cushy, well-paid job in the United States to go someplace where you’re not sure if the company is going to exist three months from now – it pushes you beyond boundaries of personal risk tolerance and out of your comfort zone! However, it is an exhilarating experience, and I can honestly say I love what I do.
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A social conscience – sustainability and Asia
While the concept of social responsibility and ethical behaviour by business has been a component of the corporate playbook in North America and Europe for more than a decade, Asia has somewhat lagged behind in the sustainability stakes. With troubling corruption levels, poor reporting standards and significant environmental risks a prominent feature of many countries in the region, the lofty standards now frequently expected by consumers were historically falling well short of the mark.
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