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”
Rise of the fintechs: Barclays divisional legal head leaves for Monzo bank
Barclays’ lead legal counsel for client and customer experience Dean Nash has joined fintech startup Monzo bank as head of compliance. Continue reading “Rise of the fintechs: Barclays divisional legal head leaves for Monzo bank”
‘Step change in standards’: CMA sets timeline to improve price transparency in legal services
The Competition and Markets Authority (CMA) has said clients are struggling to find legal services at the right value following its year-long review into legal services industry. Continue reading “‘Step change in standards’: CMA sets timeline to improve price transparency in legal services”
Another Freshfields heavyweight moves into banking as former senior partner Lawes joins Lazard
Former Freshfields Bruckhaus Deringer senior partner Will Lawes is the latest heavyweight from the Magic Circle firm move into investment banking, taking a position at Lazard. Continue reading “Another Freshfields heavyweight moves into banking as former senior partner Lawes joins Lazard”
DLA, Slaughters and CC advise on Heineken UK’s bid for Punch pubs portfolio
DLA Piper, Slaughter and May and Clifford Chance (CC) have all won roles advising on Heineken UK’s proposed £403m acquisition of a portfolio of approximately 1,900 UK pubs owned by Punch Taverns. The beer giant has made a bid for the pubs alongside Patron Capital. Continue reading “DLA, Slaughters and CC advise on Heineken UK’s bid for Punch pubs portfolio”
Slaughters seeks to maintain no billable hours culture with associate pay revamp
Associates at Slaughter and May will receive salary increases of up to 10% as of January 2017 following a major review of the firm’s pay structure, as well as options for working from home and a paid sabbatical. Continue reading “Slaughters seeks to maintain no billable hours culture with associate pay revamp”
January deadline looms as KWM Europe sets administration date
Staff at the European arm of King & Wood Mallesons (KWM) have been told the firm is expected to move into administration on 16 January. Continue reading “January deadline looms as KWM Europe sets administration date”
Matrix Chambers clears Ben Emmerson QC after investigation into sexual assault allegations
Matrix Chambers has concluded an investigation into top silk Ben Emmerson QC following allegations of sexual assault during his work on the Independent Inquiry into Child Sexual Abuse (IICSA) and found he did not commit any act of sexual assault or harassment. Continue reading “Matrix Chambers clears Ben Emmerson QC after investigation into sexual assault allegations”
KWM latest: More US firms in play as crunch time approaches for legacy SJ Berwin
A conclusion to the sorry saga which has been the European partnership woes of King & Wood Mallesons (KWM) is expected to come to an end this week, while staff have been told they will continue to be paid throughout the process of finding a merger partner. Continue reading “KWM latest: More US firms in play as crunch time approaches for legacy SJ Berwin”
Comment: After shocks of 2016, law leaders may need to start thinking
Well, it is nearly over and few in the profession will mourn the passing of 2016. Not since the banking crisis of 2008/09 have 12 months so drastically recast the environment in which law firms ply their trade, most strikingly, of course, in June’s vote for Britain to quit the EU and November’s election of Donald Trump as the 45th US president. Continue reading “Comment: After shocks of 2016, law leaders may need to start thinking”
Latham continues City hiring spree with HSF energy head Balsdon
Latham & Watkins announced today (13 December) that it has hired Herbert Smith Freehills’s (HSF) global energy co-head John Balsdon, who will join its finance team in the City.
Continue reading “Latham continues City hiring spree with HSF energy head Balsdon”