Allen & Overy (A&O) and Gibson, Dunn & Crutcher have advised on an improved bid for UK-based electronics manufacturer Premier Farnell.
Continue reading “Growing the Pi: Gibson Dunn and A&O act on improved US offer for Premier Farnell”
Weightmans performance disappoints as PEP slips 19% and revenue misses £100m target
Weightmans managing partner John Schorah has slapped a £100m revenue target on the firm for 2016/17 after a year of underachievement, with revenue up just 7% in 2015/16 to £95m despite a major merger and a 19% tumble in profit per equity partner (PEP).
Woodward’s deal streak continues as Linklaters takes first instruction for BC Partners in $1.6bn acquisition
Linklaters has landed its first private equity mandate for BC Partners, with private equity star Alex Woodward leading alongside Vincent Ponsonnaille on a $1.6bn deal for a majority stake in Israeli furniture maker Keter Plastic.
Mishcon de Reya City PEP climbs to £1m as firm undergoes Brexit review
High flying City firm Mishcon de Reya has announced robust profits for the 2015/16 financial year, with profit per equity partner up 5% to £1m as revenue in London climbed to £127.9m from £110m.
Continue reading “Mishcon de Reya City PEP climbs to £1m as firm undergoes Brexit review”
Making it in Manhattan: A&O pulls off four-partner finance hire to boost US presence
Allen & Overy (A&O) has made a major addition to its US finance practice with the lateral hire of four partners in New York. The Magic Circle firm took three partners from White & Case, one from Proskauer Rose, as well as adding an associate from Milbank, Tweed, Hadley & McCloy as partner.
Upping the ante: Latham appoints former A&O leadership contender Kensell
Latham & Watkins‘ unrelenting assault on the City market has seen the US firm land one of London’s most high-profile banking lawyers, Allen & Overy’s Stephen Kensell.
Continue reading “Upping the ante: Latham appoints former A&O leadership contender Kensell”
Growing pains: ongoing investment sees PEP at Penningtons Manches tumble 16%
Sustained investment and the costs of bedding down a merger impacted on profits at Penningtons Manches, which posted a lift in revenue but a tumble in profits per equity partner (PEP) for the financial year 2015/16.
Continue reading “Growing pains: ongoing investment sees PEP at Penningtons Manches tumble 16%”
Paying up: KWM partners vote to inject £14m of extra capital
An overwhelming majority of King & Wood Mallesons‘ (KWM) European and Middle East partnership has voted in favour of recapitalising the firm, committing £14m in a cash call to put it on a firmer footing.
Continue reading “Paying up: KWM partners vote to inject £14m of extra capital”
Travers Smith and Norton Rose face off in Lehman’s multimillion dispute with ExxonMobil
Commerical litigation heavyweights Travers Smith and Norton Rose Fulbright have been instructed by the administrators for Lehman Brothers International Europe and ExxonMobil Financial Services respectively as the parties battle it out at London’s High Court over a multimillion dollar loan.
A tale of two law firms: Charles Russell sees PEP grow 20% as Trowers records dip in profits
Top 50 Legal Business 100 firms Charles Russell Speechlys (CRS) and Trowers & Hamlins have posted mixed results this reporting season, with the former recording a 21% rise in profit per equity partner (PEP) and the latter seeing partner profits fall 7%.
Merger mania: Addleshaws and CMS discussed combination before entering current talks
Despite both firms now being in merger talks with other suitors, Legal Business understands CMS Cameron McKenna and Addleshaw Goddard considered merging with each other earlier this year.
‘A natural and necessary next step’: Pinsents to launch infra-focused practice in Johannesburg
Pinsent Masons is to launch an infrastructure-focused practice in Johannesburg, with two partners hired from local firm Bowman Gilfillan.
Q&A: Alan Mason – Freshfields ‘rest of continental Europe’ managing partner on Brexit, cross border M&A and more
Following his appointment as Freshfields Bruckhaus Deringer‘s first regional managing partner for the ‘rest of continental Europe’ – for offices excluding Germany, Austria and central and eastern Europe – Paris-based corporate partner Alan Mason (pictured) speaks with Madeleine Farman about his plans to shape the role.
Cracking the whip: Addleshaws Joyce forced into action to push through recent partnership changes
Noted for introducing a more assertive style of management to Addleshaw Goddard since being elected as managing partner two years ago, it has emerged that John Joyce had to coax fixed-share partners to vote on recently agreed changes to the firm’s partnership deed.
Slaughters, Linklaters and RPC win places on RSA’s reduced legal roster
Slaughter and May, Linklaters and RPC have all won spots on insurance giant RSA Group’s legal roster, following a review which saw the number of panel firms reduced from five to three. Continue reading “Slaughters, Linklaters and RPC win places on RSA’s reduced legal roster”
‘Immediate opportunities’: Norton Rose adds to Africa presence with Kenyan alliance
Norton Rose Fulbright has expanded its Africa offering by entering an alliance with Kenyan law firm Walker Kontos.
Berezovsky settlement revealed as ‘fee uplift’ to Addleshaws revenues
An uplift of between £5-10m from a settlement relating to the long-running Berezovsky litigation helped bump Addleshaw Goddard over the £200m turnover mark in 2015/16, Legal Business can reveal.
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‘Expensive badge of legitimacy’: Olswang in firing line of BHS report
Legal advisers on the sale of BHS have been labelled an ‘expensive badge of legitimacy’ in the report investigating the retail giant’s demise.
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US elite take roles as Verizon emerges as Yahoo! buyer in $4.8bn deal
A handful of US elite firms including Skadden, Arps, Slate, Meagher & Flom and Wachtell, Lipton, Rosen & Katz have taken roles in the much speculated sale of Yahoo! to Verizon. Continue reading “US elite take roles as Verizon emerges as Yahoo! buyer in $4.8bn deal”
Euro Garages taps Orange for first general counsel
Forecourt operator Euro Garages has recruited Imraan Patel, the former head of legal at Orange, as its first group general counsel and company secretary.
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