Freshfields Bruckhaus Deringer, CMS Cameron McKenna and Pinsent Masons are advising as the Ministry of Defence (MoD) has gifted a £1.1bn construction contract to Carillion, extending what is already the largest accomodation Private Finance Initiative the Ministry has undertaken. Continue reading “Freshfields continues defence work advising on £1.1bn Project Allenby Connaught extension”
Linklaters votes for Moore’s lockstep reforms but controversial features dropped
Linklaters partners have voted today (3 November) to accept changes to the firm’s lockstep that will provide more flexibility in moving partners on the ladder.
Continue reading “Linklaters votes for Moore’s lockstep reforms but controversial features dropped”
‘Thin end of the wedge’: Legal privilege given boost by amendments to snooper’s charter
Concerns from the legal profession over the threat to legal privilege posed by the Investigatory Powers Bill, also known as the ‘snooper’s charter’, have been quelled this week by further amendments in the House of Lords.
‘The outcome of the Supreme Court is not foreseeable’: City lawyers react to Brexit challenge
City lawyers across private practice and the Bar have reacted as the High Court has today (3 November) decided that the government does not have the power to trigger Article 50 without parliamentary approval. Continue reading “‘The outcome of the Supreme Court is not foreseeable’: City lawyers react to Brexit challenge”
Green shoots: Global firms jostle for position in panda bond market
Victoria Young reviews how global firms are positioning themselves to cash in on a market on the cusp
As the internationalisation of China’s currency continues, global firms are making much of the pioneering Yankee bond-style deals in the Chinese market, eyeing opportunities in the orient and beyond.
Continue reading “Green shoots: Global firms jostle for position in panda bond market”
Deal watch: Corporate activity in November 2016
PE DOUBLE FOR CC
Clifford Chance (CC) completed two major private equity deals in a month, advising as Cinven, Permira and Mid Europa Partners acquired Allen & Overy client Allegro for $3.3bn. In addition, CC acted for Cinven as well as CVC Capital Partners on the acquisition of consumer finance provider NewDay, opposite Slaughter and May, which advised long-time client and seller Värde Partners, and Jones Day, which represented the management of NewDay.
Continue reading “Deal watch: Corporate activity in November 2016”
Clifford Chance begins review of lockstep points to encourage high achievers
Nearly 18 months after voting through modifications to its remuneration system, Clifford Chance (CC) has kicked off a firmwide review of where partners should sit on its lockstep in a bid to curb under-performance and retain star partners. Continue reading “Clifford Chance begins review of lockstep points to encourage high achievers”
Addleshaws launches arbitration against former real estate chief Haywood
Management at Addleshaw Goddard has launched arbitration proceedings against former head of real estate Mark Haywood, two years after he quit for Nabarro.
Continue reading “Addleshaws launches arbitration against former real estate chief Haywood”
In-house: Citymapper latest tech start-up to appoint first general counsel
Citymapper has appointed Alice Hou as its first general counsel as another tech startup looks to launch its in-house legal team. Continue reading “In-house: Citymapper latest tech start-up to appoint first general counsel”
Bird & Bird election revealed: Less than half of firm’s partnership voted for Kerr
Bird & Bird chief executive David Kerr received support from less than half the firm’s partnership as almost 30% of partners abstained from voting during the firm’s last leadership election in March, Legal Business can reveal. Continue reading “Bird & Bird election revealed: Less than half of firm’s partnership voted for Kerr”
MoJ to forge ahead with legal regulator separation from Law Society
The Ministry of Justice is set to forge ahead with separating legal regulators from their representative bodies, and has revealed further plans to review how the Legal Services Board (LSB) and Legal Ombudsman are operating in a bid to drive efficiency.
Continue reading “MoJ to forge ahead with legal regulator separation from Law Society”
Norton Rose Fulbright makes shipping play with Monaco opening
Norton Rose Fulbright (NRF) is planning to increase its European shipping and transport offering by launching an office in Monaco. Continue reading “Norton Rose Fulbright makes shipping play with Monaco opening”
‘Makes absolute business sense’: City firms up their game with living wage commitments
Most of the UK top 20 firms are officially credited as paying the Living Wage after the scheme was endorsed by the Law Society in 2013. Continue reading “‘Makes absolute business sense’: City firms up their game with living wage commitments”
TLT managing partner Pester to serve sixth term after uncontested election
TLT‘s managing partner David Pester has been re-appointed in an uncontested election to serve another three year term, bringing his total number of years at the helm of the firm to 18.
Continue reading “TLT managing partner Pester to serve sixth term after uncontested election”
Bank of Ireland GC latest to head to Santander UK
Bank of Ireland’s general counsel John Bennett has departed after three years in the role for Santander UK, where he will serve as chief operating officer and senior counsel for legal and regulatory. Continue reading “Bank of Ireland GC latest to head to Santander UK”
Asahi Europe appoints head of legal from SABMiller as brewing deal finalises
Following its acquisition of SABMiller’s well-known European beer brands, Asahi Europe has appointed the brewer’s group senior counsel commercial Edward Perks as its head of legal and company secretary.
Continue reading “Asahi Europe appoints head of legal from SABMiller as brewing deal finalises”
Former DLA Piper and Linklaters chief Tony Angel takes advisory role at legal start-up Tagdox
Tony Angel, formerly Linklaters managing partner and senior partner and global chairman of DLA Piper, has taken on a new role on the advisory board of new legal artificial intelligence (AI) start-up TagDox. Continue reading “Former DLA Piper and Linklaters chief Tony Angel takes advisory role at legal start-up Tagdox”
White & Case to act for Russian government in $12bn Pugachev arbitration
White & Case has won a lucrative instruction to defend the Russian government on the $12bn arbitration case taken against it by Sergei Pugachev, a tycoon once dubbed ‘Putin’s banker.’
Continue reading “White & Case to act for Russian government in $12bn Pugachev arbitration”
‘An integral part of our business in Asia’: Simmons launches joint venture with Singapore best friend
Simmons & Simmons has announced a new joint law venture (JLV) in Singapore with local boutique JWS Asia Law. The new firm will be known as Simmons & Simmons JWS and will offer both foreign and local law advice as of today (1 November).
Ropes UK office founder Allen to retire at the end of the year
Maurice Allen, Ropes & Gray‘s UK office founder and senior partner is to retire at the end of this year. An internal memo announcing Allen’s intention to retire was sent out around the firm’s office today (1 November). Continue reading “Ropes UK office founder Allen to retire at the end of the year”