Allen & Overy (A&O), Ashurst and Dickson Minto have won key roles on the off-market acquisition of Environmental Resources Management (ERM) by Canadian pension funds OMERS Private Equity and co-investor Alberta Investment Management Corporation (AIMCo).
Reckitt Benckiser’s group GC Bill Mordan exits after 12 years for pharma giant’s ‘wonderful opportunity’
Reckitt Benckiser’s group general counsel (GC) Bill Mordan (pictured) is set to leave the consumer goods company to take up the role of GC and company secretary at pharmaceutical giant Shire.
HFW and Gibson Dunn lead as Rothschild exits troubled Asia Resource Minerals
A four-partner team from Holman Fenwick Willan (HFW) has spearheaded ACE’s high-profile purchase of Nat Rothschild’s stake in troubled Indonesian coal miner Asia Resource Minerals with Gibson, Dunn & Crutcher acting for the British financier and Ashurst for Indonesia’s Widjaja family.
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Boies Schiller boosts London presence as it takes on third City partner with WilmerHale hire
Eighteen months on from its City launch, Boies, Schiller & Flexner has hired its third partner with Kenneth Beale joining the disputes shop from Wilmer Cutler Pickering Hale and Dorr’s arbitration group.
Brown Rudnick hires Clydes’ corporate head as it targets Francophone work
Clyde & Co head of corporate Philip Rogers is leaving the firm after eleven years to head up Brown Rudnick’s emerging markets corporate practice in London after the US firm also made two laterals in its Paris office last week.
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Freshfields brings in McKimm as LevFin co-head while Ashurst rejigs Asia management
Freshfields Bruckhaus Deringer has changed its finance team’s management as it brings in Kirkland & Ellis high-yield heavyweight Ward McKimm as co-head of its European leveraged finance group, while Ashurst has made changes to its Asia leadership team.
Law’s ‘class ceiling’ – Government report finds one law firm hires 60% of trainees from Oxbridge
A government report into barriers of entry in the professions has criticised the ‘class ceiling’ at law firms and other professional service outfits which it says are blocking working-class people from elite firms.
Freshfields targets US and Asia for two more business service hubs amid plans for 24/7 legal support
After taking the decision to move back-office staff out of its London headquarters to Manchester in a nearshoring exercise, Freshfields Bruckhaus Deringer is taking the low-cost support model to new heights as it looks at potentially opening two further support outposts in Asia and the US to provide 24/7 legal support.
Ashurst blow as King & Spalding secures four-partner team for Tokyo launch
King & Spalding has chosen Tokyo as its second base in Asia, hiring a team of Ashurst partners led by Tokyo managing partner John McClenahan to spearhead its launch.
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We need to talk… about technology: Shepherds’ CEO Gibb on keeping pace with technology
Innovation lies at the core of technology. Evolution and improvement in the ways we design and use basic utilities and infrastructure such as telecoms, water and energy are key to ensuring perennial and adaptable services for an ever-growing global population.
Guest post: Law firm mergers – be clear if it’s for your balance sheet or your clients or it won’t go well
The industry standard in tracking US law firm mergers, Altman Weil’s Mergerline, has had this to say about activity in the wake of the Global Financial Reset:
Mergers helps drive 11% revenue growth at CMS with profits up 3%
With two mergers under its belt in 2014, CMS has unveiled double digit growth in revenue for the financial year ending 31 December 2014 with turnover up by 11% to €934.5m (£753.3m).
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BLP launches US securities team with BAML director and former Proskauer partner
Berwin Leighton Paisner has made a double hire to start a US securities group in the City, hiring former Proskauer Rose partner Katherine Mulhern and Bank of America Merrill Lynch (BAML) director Bobby Schrader.
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Taylor Wessing’s Tim Eyles to stand unopposed in upcoming managing partner election
LB100 firm Taylor Wessing’s managing partner, Tim Eyles (pictured), is set to stand unopposed in the firm’s upcoming management election as he seeks a third term in office.
Eversheds merges with Heisse Kursawe after ‘a very long courtship’ as it plans greater German investment
After a full year of advanced negotiations, Eversheds has merged with its German partner Heisse Kursawe Eversheds, allowing the duo to financially integrate and make investments in Munich, Berlin and Hamburg.
Mounting departures: Barclays’ Michael Shaw resigns as deputy general counsel
After six years as deputy group general counsel (GC), Michael Shaw has become the latest senior exit from Barclays‘ legal team which has suffered multiple departures since the start of the year.
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Former Freehills chairman Crean exits HSF for Jones Day after missing out on senior partner role
Deputy senior partner Mark Crean (pictured), who served as chairman of Freehills until its 2012 merger with Herbert Smith, has resigned from Herbert Smith Freehills (HSF) to join Jones Day.
WTO failing to cope with trade disputes burden as staff exits mount
In its latest annual report, the World Trade Organization (WTO) has reported that its disputes unit has ‘faced difficulties in retaining staff’, causing delays to panels being established amid a surging caseload.
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After seven months in the job Deutsche Bank reassigns legal affairs chief
Having received fines from investigations relating to Libor manipulation and the unexpected resignation of its joint chief executives this week, Deutsche Bank has shaken up its legal department and reassigned its legal affairs chief Christian Sewing.
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White & Case’s NQs get 20% salary bump to £90,000 – firm extends pay gap over Magic Circle
White & Case has announced it is making significant increases in salaries across its associate pay scale with newly-qualified (NQ) lawyers set to receive 20% more in 2015 and take home £90,000.