Partners at Ashurst have voted in favour of a single yearly profit payment to replace quarterly distributions. Continue reading “‘Overwhelming support’: Ashurst votes for annual profit payouts”
KWM Europe files notice of intention to appoint administrators
King & Wood Mallesons (KWM) has confirmed that today (22 December) its European arm has filed a Notice of Intention to Appoint Administrators with the court. Continue reading “KWM Europe files notice of intention to appoint administrators”
Linklaters joins SullCrom and Cravath on $65bn Linde and Praxair megadeal
Sullivan & Cromwell, Cravath, Swaine & Moore, Linklaters and Hengeler Mueller have won roles on another potential mega merger, between US and German oil and gas giants Praxair and Linde.
Continue reading “Linklaters joins SullCrom and Cravath on $65bn Linde and Praxair megadeal”
KWM competition trio defects to Macfarlanes in rare lateral play by City thoroughbred
City firm Macfarlanes has made a rare triple lateral hire with three partners from King & Wood Mallesons‘ (KWM) European practice. The firm is taking on Tom Usher, Cameron Firth and Christoph Humpe as partners, and will also take on KWM’s former European senior partner Stephen Kon as a consultant. Continue reading “KWM competition trio defects to Macfarlanes in rare lateral play by City thoroughbred”
Victory for Dentons as judge throws out £30m PAG claim against RBS
Dentons client The Royal Bank of Scotland (RBS) has won a battle over interest rate swaps mis-selling against Bird & Bird client Property Alliance Group. Continue reading “Victory for Dentons as judge throws out £30m PAG claim against RBS”
Reed Smith takes on finreg team as KWM exits continue
US firm Reed Smith is the latest to hire from King & Wood Mallesons (KWM) European practice, taking on the bulk of the firm’s financial regulation team. It is also in discussions with a number of other partners in Europe. Continue reading “Reed Smith takes on finreg team as KWM exits continue”
Outsourced: Axiom seals five year contract with consumer giant Johnson & Johnson
Consumer and pharmaceutical goods giant Johnson & Johnson has entered into a five-year deal with Axiom to support the company’s global procurement contracting function.
Continue reading “Outsourced: Axiom seals five year contract with consumer giant Johnson & Johnson”
White & Case advises as Canadian firm buys UK’s five pound note maker
White & Case and Addleshaw Goddard have picked up lead roles as Canadian firm CCL Industries said it would buy Innovia Group for $842m from The Smithfield Group. Continue reading “White & Case advises as Canadian firm buys UK’s five pound note maker”
KWM China in talks with selected legacy SJ Berwin offices to secure European presence
King & Wood Mallesons (KWM) China is understood to have bid for an out-of-administration purchase of certain legacy SJ Berwin offices including Dubai, Germany, Italy and Spain. It is also talking with partners to keep an outpost in London. Continue reading “KWM China in talks with selected legacy SJ Berwin offices to secure European presence”
‘A decent first half’: Clyde & Co turnover rises 17%
Clyde & Co has posted a 17% rise in turnover totalling £224m for the first half of the 2016/17 financial year, improving on last year’s 8% increase over the same period to £192m. Continue reading “‘A decent first half’: Clyde & Co turnover rises 17%”
Latham acts for Baxter on latest pharma acquisition as HSF picks up new client Claris
Herbert Smith Freehills (HSF) and Latham & Watkins won lead roles on Baxter International’s acquisition of Claris Injectables for $625m, in a bid by Baxter to expand its portfolio of essential generic injectable medicines. HSF represented Claris, while Latham acted for Baxter.
In-house: Davis Polk added to HSBC global roster as firms retain places
US giant Davis, Polk & Wardwell has won a spot on HSBC’s global legal panel as a host of firms retain their places. Continue reading “In-house: Davis Polk added to HSBC global roster as firms retain places”
KWM exits continue as DLA and Greenberg pick up teams
DLA Piper and Greenberg Traurig are the latest to benefit from a swathe of exits at King & Wood Mallesons (KWM) European arm.
Continue reading “KWM exits continue as DLA and Greenberg pick up teams”
CC and Latham take lead roles as Electra sells Parkdean Resorts
Clifford Chance (CC) and Latham & Watkins are among a raft of firms which advised on the £1.35bn acquisition by Onex of Parkdean Resorts from Electra Partners.
Continue reading “CC and Latham take lead roles as Electra sells Parkdean Resorts”
KWM latest: K&L Gates and Orrick take Munich partners as Covington poised to take top litigator Pollack and team
US firms K&L Gates, Covington & Burling and Orrick, Herrington & Sutcliffe are the latest to take on partners from the beleaguered European practice of King & Wood Mallesons (KWM). Continue reading “KWM latest: K&L Gates and Orrick take Munich partners as Covington poised to take top litigator Pollack and team”
Law Society chief executive appointed to London mayor Sadiq Khan’s Brexit panel
The chief executive of the Law Society Catherine Dixon has joined a panel of experts instructed to advise London mayor Sadiq Khan in upcoming Brexit negotiations.
Continue reading “Law Society chief executive appointed to London mayor Sadiq Khan’s Brexit panel”
‘The clear leader’: Burford Capital merges with US rival Gerchen Keller to create funding powerhouse
Litigation funding company Burford Capital is set to acquire Chicago-based investment manager Gerchen Keller Capital for $160m to create a firm with $1.2bn in assets in ongoing cases. Continue reading “‘The clear leader’: Burford Capital merges with US rival Gerchen Keller to create funding powerhouse”
Macfarlanes LLPs show profit dip to £82.5m as management pay rises
After record profitability last year Macfarlanes has reported a 9% fall in profits to £82.5m, while management pay was up, according to its latest LLP accounts. Continue reading “Macfarlanes LLPs show profit dip to £82.5m as management pay rises”
Eversheds votes for US merger as Singapore tie-up delayed
Partners at Eversheds and Atlanta-based Sutherland Asbill & Brennan have voted today (16 December) to create a new global firm called Eversheds Sutherland. Eversheds’ threshold was two thirds of the partners who were eligible to vote, while in the US Sutherland only needed 50% of the partnership vote. Continue reading “Eversheds votes for US merger as Singapore tie-up delayed”
KWM moves to secure European presence with ‘KWM Deutschland’ spin off
King & Wood Mallesons has incorporated a new limited liability partnership on Companies House called ‘KWM Deutschland’. Continue reading “KWM moves to secure European presence with ‘KWM Deutschland’ spin off”