While major real estate deals are hard to come by, the usual suspects continue to take the lion’s share of the work as LB100 firms Nabarro and Addleshaw Goddard have advised on a £800m real estate deal between Hermes Real Estate and The Co-Operative Group to become equal partners on the regeneration of buildings and land in central Manchester.
ABS latest: Fairpoint Group to acquire Simpson Millar for £9m
Finance company Fairpoint Group has today (9 April) announced its intention to acquire Leeds-based Simpson Millar.
Continue reading “ABS latest: Fairpoint Group to acquire Simpson Millar for £9m”
Filling one of Europe’s top legal jobs – JP Morgan hires Nomura’s Piers Le Marchant as new EMEA general counsel
It’s often said that the finance industry has been in retreat since the 2008 banking crisis but there is no doubt that US giant JP Morgan Chase remains one of the most lucrative and coveted legal clients in the world.
Freshfields recruits ex-Cleary partner to bolster US bench in key securities hire
In a rare partner hire in the City, Freshfields Bruckhaus Deringer has added to its capital markets and US corporate law practice with the partner hire of Ash Qureshi, who joins from investment group Kingsley Capital Partners.
Continue reading “Freshfields recruits ex-Cleary partner to bolster US bench in key securities hire”
Eversheds in talks to extend voting rights as 164 junior partners inject cash
Eversheds has started talks over the voting rights of its fixed share partners (FSPs) after they were asked to contribute 25% of their annual earnings in response to HM Revenue & Customs (HMRC) tax changes for limited liability partnerships (LLPs).
Continue reading “Eversheds in talks to extend voting rights as 164 junior partners inject cash”
Africa expansion: Dentons ties up with Cape Town associate firm
Dentons has announced today (9 April), that it has tied up with local associate firm KapdiTwala to launch an office in Cape Town.
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Partner promotions: Wragges and DAC Beachcroft make up significantly more lawyers; Olswang promotes two
Ahead of its 1 May merger with City firm Lawrence Graham, Wragge & Co has more than doubled the number of partner promotions it made last year to five, including two in its housing, development & regeneration team.
Revolving doors: Stephenson Harwood, Dentons, Morgan Lewis, Pinsents and Wragges make key hires
A number of firms have made noteworthy strategic appointments in the last few days, with Stephenson Harwood, Dentons, Morgan Lewis, Pinsent Masons and Wragge & Co all adding to their benches.
Deal watch: Global elite giants face off in Lafarge/Holcim and Vivendi/Altice European transactions
A handful of Global 100 firms scored key roles on two signifcant European deals this week, as Cleary Gottlieb Steen & Hamilton, Linklaters, and Freshfields Bruckhaus Deringer advised on the recently announced €40bn merger between France’s Lafarge and Switzerland’s Holcim. Continue reading “Deal watch: Global elite giants face off in Lafarge/Holcim and Vivendi/Altice European transactions”
Comment: A truly global City and the fiercest contest in law
So much for the humbling of the City. Our annual Global London special 2014 finds that the number of lawyers employed at the top 50 foreign firms in the Square Mile has finally and comfortably broken its 2008 high, with over 4,500 lawyers working across the group after a 6% hike in numbers.
Continue reading “Comment: A truly global City and the fiercest contest in law”
FCA turns to Clifford Chance’s Davis over handling of proposed insurance industry review
The Financial Conduct Authority (FCA) has appointed Clifford Chance‘s senior commercial litigation partner Simon Davis to conduct an independent inquiry into the handling of the body’s botched announcement of an investigation into the insurance industry.
‘There are no “diet-coke” partnerships at Freshfields’: Barry O’Brien on a new career at Jefferies
Freshfields Bruckhaus Deringer former corporate head Barry O’Brien last month (31 March) hung up his Magic Circle boots to move into a client development role at US investment bank Jefferies. Before joining, the former rugby playing high flyer spoke to Legal Business about diet coke partnerships, retirement, and moving away from the Magic Circle.
Emerging markets M&A down as King & Wood tops league
With the emerging markets continuing to dominate the expansion strategies of many City and international firms, the short term picture remains mixed as the value of M&A activity in the region bucked a global trend by dropping to $125.7bn during the first quarter of 2014, down by 4.7% from $131.9bn compared with the first quarter of 2013. Continue reading “Emerging markets M&A down as King & Wood tops league”
Partner promotions: Linklaters beats Magic Circle rivals with 21 lawyers made up to partner
With the latest promotions round among the City elite so far showing a marked drop in the number of associates made up to partner, Linklaters has elected 21 new partners across its global network, with seven made up in London. Continue reading “Partner promotions: Linklaters beats Magic Circle rivals with 21 lawyers made up to partner”
Weil Gotshal hires restructuring heavyweight Wilkinson from Goldman Sachs
It has long been renowned as the top restructuring shop in the US but Weil, Gotshal & Manges was a late entrant to Europe’s work-out scene. As such the New York-bred law firm has taken a headline-grabbing step to take its City practice ‘to the next stage of growth’ with the hire of Goldman Sachs heavyweight Andrew Wilkinson, who is to join the firm at the end of April.
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Partner promotions: Macfarlanes defies downward trend by making up nine lawyers
Macfarlanes is the latest of a small number of City firms to announce growth in the number of lawyers made up to partner, with the firm confirming today (7 April) nine new partners, its highest number since 2005.
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High-value commercial litigation rises 16% as recession-related disputes filter through to courts
2013 saw a sharp rise in high-value commercial litigation as major disputes arising from the recession filter down to the courts in greater numbers, according to research released today (7 April) by RPC.
In-house: LinkedIn general counsel Rottenberg steps down as Tele2 unveils its new legal head
Alstom thermal power sale gifts Freshfields and Linklaters with $1bn deal
Magic Circle firms Freshfields Bruckhaus Deringer and Linklaters have won lead roles advising on the sale of Alstom’s thermal power division to German private equity firm Triton in a deal worth around $1bn. Continue reading “Alstom thermal power sale gifts Freshfields and Linklaters with $1bn deal”
Guest post: Boring, boring Irwin Mitchell – there’s more to life than floating
It’s not often that I feel sorry for law firm PR people, but I sense that Irwin Mitchell is getting a little fed up with being asked when the firm is going to float. Continue reading “Guest post: Boring, boring Irwin Mitchell – there’s more to life than floating”