Sullivan & Cromwell, Allen & Overy, and Wachtell, Lipton, Rosen & Katz all won roles, as healthcare and agriculture giant Bayer placed a bid to acquire agricultural company Monsanto for $62bn, in a deal which would create the world’s biggest agricultural supplier.
Media matters: Magic Circle firms take lead roles on £1bn Argus Media deal
Linklaters, Freshfields Bruckhaus Deringer and Allen & Overy have all won advisory roles as US company General Atlantic has taken a majority stake in Argus Media. The deal, which values Argus Media at £1bn, will see the Nasmyth family exit the business they founded in the 1970s.
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DLA Piper takes rainmaker from Linklaters alliance firm for South Africa managing partner role
DLA Piper has appointed Webber Wentzel corporate partner Johannes Gouws as South Africa managing partner.
‘It’s about getting market share’: TLT continues strong run as turnover increases 15%
In keeping with the trend for UK firms to announce good financials early, Bristol-based LB100 firm TLT has revealed its turnover for 2015/16, improving on its strong financial performance of recent years to post a 15% increase in turnover to £71.6m. Continue reading “‘It’s about getting market share’: TLT continues strong run as turnover increases 15%”
Fieldfisher senior partner Lohn faces bias allegations over work for British Horseracing Authority
Matthew Lohn, senior partner at Fieldfisher, has been accused of bias after carrying out advisory work for the British Horseracing Authority (BHA) while serving as chair of its independent disciplinary panel.
‘Tough decisions’: Norton Rose Fulbright to open low cost centre in Manilla with 170 roles affected
Norton Rose Fulbright (NRF) is to launch a global service centre in The Philippines in a move that will affect 170 operational roles, an estimated 5% of its global workforce.
‘Privacy rights have developed massively today’: lawyers react as court rules on ‘PJS’ celebrity injunction
Privacy and media lawyers have given their take after the Supreme Court ruled this morning (19 May) that an injunction banning the naming of a celebrity involved in a privacy case over an alleged extra-marital affair should remain in place. Continue reading “‘Privacy rights have developed massively today’: lawyers react as court rules on ‘PJS’ celebrity injunction”
XL Group appoints Lloyd’s GC McGovern into new compliance role
Global insurance and reinsurance company XL Group has announced its appointment of Lloyd’s of London’s chief risk officer and general counsel, Sean McGovern, as its chief compliance officer, head of regulatory and government affairs.
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Just like buses – Dentons latest to relocate support jobs somewhere cheaper with Warsaw move
With Norton Rose Fulbright (NRF) this morning (19 May) announcing an offshoring move expected to hit 170 jobs, Dentons has revealed its own plans to open a services centre in Poland.
Another bumper round at Travers Smith as City thoroughbred makes up six to partner
Travers Smith has appointed six lawyers to its partnership in another sizeable promotion round for the City thoroughbred.
Coming out swinging – the Ince fightback continues with team hire for Cologne launch
Shipping and insurance specialist Ince & Co has opened an office in Cologne with a team of four including two partners from CMS Hasche Sigle and German insurance practice Bach Langheid Dallmayr.
Barclays restructures legal team in preparation for retail and investment split
Barclays has restructured its legal team in preparation for ring-fencing reforms that will split the bank’s retail and investment arms.
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Reed Smith the beneficiary as Addleshaw loses second insurance head in two years
Addleshaw Goddard (AG) head of insurance Mark Pring is leaving the firm to join Reed Smith, less than two years after he replaced Richard Leedham as team head.
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Comment: Ashurst’s Ben Tidswell argues a volatile risk landscape is a call to arms for modern law firms
One of the many lasting consequences of the downturn has been a prolonged expansion of the globalised compliance framework. Increased oversight of financial markets has been at the forefront of this development, as reflected by the passage of the US Dodd-Frank Act in 2010 and a succession of EU directives. Continue reading “Comment: Ashurst’s Ben Tidswell argues a volatile risk landscape is a call to arms for modern law firms”
White & Case lands Hogan Lovells rising star Potel as US firm builds corporate practice
After becoming the first US firm to employ more than 400 lawyers in the City last year, White & Case has added Hogan Lovells‘ star corporate partner Guy Potel (pictured) as it bids to become a corporate force in London.
Comment: As the Bar elite thrives, New Law wobbles – scratch some more predictions
It is a recurring theme in Legal Business commentary that the received wisdom and forecasting for the profession do not age like fine wine and 2016 is proof once more that no one knows anything. Take the Bar, which has supposedly been in the last-chance saloon for a generation and yet in the commercial sector keeps thriving.
Proskauer makes real estate push in London with DLA hire as Latham taps Kirkland in Asia for another PE specialist
Proskauer Rose has made a strategic play to capture work in London’s burgeoning real estate market with the hire of DLA Piper’s global co-chair of hospitality and leisure, Joanne Owen.
Revolving doors: Nabarro and DLA make tech hires as Ashurst and Bird & Bird bring in fresh blood
In this week’s appointments round-up, Nabarro and DLA Piper have made important tech hires in the City, while Bird & Bird has brought on a media GC, and Ashurst has made a private equity appointment in Germany.
Stewarts Law latest to sweeten staff with increased pay and incentives
Stewarts Law has boosted pay and incentives for junior lawyers, paralegals and business services staff in a bid to maintain and enhance competitive advantages.
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Asia wrap: MoFo hires Magic Circle trio and Nabarro takes key Gadens partner, as BLP makes office move to support growth in Hong Kong
This week in Asia, Morrison & Foerster (MoFo) added a trio of partners from three Magic Circle firms, as Nabarro has also strengthened its transactional practice in Singapore with the hire of former Gadens managing partner Marc Rathbone. Meanwhile, Berwin Leighton Paisner (BLP) will move its premises in Hong Kong out of the Central District to Taikoo Place to allow for further growth.