International markets – Addleshaw hires third partner in Hong Kong and rebrands to Francis & Co

Having launched in Hong Kong last summer, Addleshaw Goddard has forged ahead with a number of developments in the region including adding a third partner, Daniel Wan, and rebranding following the arrival of Nigel Francis at the end of 2013.

Wan, who joins from Jun He and previously worked at Herbert Smith Freehills, specialises in M&A and equity capital markets, particularly pre-initial public offering (IPO) investment and restructuring and post-IPO regulatory and compliance matters.

Continue reading “International markets – Addleshaw hires third partner in Hong Kong and rebrands to Francis & Co”

Ashurst delves into Magic Circle for Linklaters DCM partner as Beddow named corporate co-head

Ashurst delves into Magic Circle for Linklaters DCM partner as Beddow named corporate co-head

Ashurst has tapped into the magic circle in a bid to strengthen its finance practice, hiring Linklaters debt capital markets (DCM) partner Francis Kucera to its City-based securities and derivatives practice.

In his new role, Kucera will strengthen Ashurst’s DCM offering in the emerging markets. He joins a two-partner team – including former Linklaters’ colleague Stephen Edlmann who joined in 2010 and Clifford Chance senior associate Derwin Jenkinson, who joined as a partner in January this year. The team is led by Anna Delgado, who joined from Allen & Overy ten years ago.

Continue reading “Ashurst delves into Magic Circle for Linklaters DCM partner as Beddow named corporate co-head”

H1 2013/14: Nabarro points to pick up in corporate and real estate amid flat half year results

H1 2013/14: Nabarro points to pick up in corporate and real estate amid flat half year results

Nabarro has posted flat half year (H1) revenues for the 2013/14 year, with figures rising by a marginal 0.3% from £52.3m to £52.5m, the firm announced yesterday (4 December).

Speaking to Legal Business, senior partner Graham Stedman (pictured) attributed the static results to a ‘quiet August and September’ but noted the firm has experienced a ‘pickup in real estate and corporate.’

He added: ‘As you come out of recession, although the market is still challenging, you would expect the non-contentious parts of the firm to pick up and that’s what we’re seeing now.

Continue reading “H1 2013/14: Nabarro points to pick up in corporate and real estate amid flat half year results”

Corporate caution as private equity acquisitions and IPOs trickle in

Corporate caution as private equity acquisitions and IPOs trickle in

A wary optimism was the prevailing mood of private equity partners in October, as deals such as the $2.2bn acquisition of Vion Food Group’s gelatine-making subsidiary, Vion Ingredients by private equity house Darling International demonstrated that there is appetite, and funds, for the right kind of asset.

Texas-based Darling used K&L Gates and Clifford Chance (CC), while the Netherlands’ Vion was advised by leading Benelux independent De Brauw Blackstone Westbroek.

K&L Gates fielded an international team, led by Dallas corporate partner Mary Korby and including Frankfurt-based corporate partner Mathias Schulze Steinen and London competition partner Scott Megregian. Continue reading “Corporate caution as private equity acquisitions and IPOs trickle in”

Revolving Doors: SJ Berwin corporate heavyweight Harris to Hogan Lovells as Bingham and Bond Dicks make key hires

Revolving Doors: SJ Berwin corporate heavyweight Harris to Hogan Lovells as Bingham and Bond Dicks make key hires

Just weeks away from its merger with King Wood & Mallesons, SJ Berwin corporate heavyweight Ed Harris is leaving for Hogan Lovells as Bingham McCutcheon also raids Jones Day to build its London competition team and Osborne Clarke’s remaining two-partner private client team joins Bond Dickinson.

Harris, who will move across to Hogan Lovells on an unknown date as a result of ongoing negotiations with management, has been at SJ Berwin since 2007 and has advised a number of high profile clients including Terra Firma, Pantheon Ventures Investindustrial, EQT, Actavis and Constellation Software Inc. Continue reading “Revolving Doors: SJ Berwin corporate heavyweight Harris to Hogan Lovells as Bingham and Bond Dicks make key hires”

Linklaters private equity ambitions dealt a blow by departure of Bagshaw and Youle

Linklaters private equity ambitions dealt a blow by departure of Bagshaw and Youle

Linklaters‘ now decade-long effort to carve a credible position in the private equity market has been dealt a serious blow as co-heads Ian Bagshaw (pictured) and Richard Youle leave to join White & Case.

The high profile pair, long-term friends having started their careers together at Eversheds, had to build the Magic Circle firm’s private equity practice almost from scratch after the departure of Graham White and Raymond McKeeve in 2007, although it has been an enduring irony that their own reputations in private equity exceed that of the firm. Continue reading “Linklaters private equity ambitions dealt a blow by departure of Bagshaw and Youle”

Great bright hopes – searching out the City rainmakers of 2020

Great bright hopes – searching out the City rainmakers of 2020

Who will be the next generation of corporate heavyweights that top City firms will rely on to drive their businesses in the decade ahead? Legal Business canvassed a wide group of deal veterans to identify the ones to watch.

It is often said that the best of the City’s M&A partners were battled-hardened and defined by the early 1990s recession. That formative experience is often argued to have helped refine the skills and ethos of the select band of M&A heavyweights that dominated the City legal market through the last 15 years.

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Ropes & Gray lands marquee role in GSK Chinese bribery investigation

Ropes & Gray lands marquee role in GSK Chinese bribery investigation

Even in an age in which corporate investigations have become some of the most sought after work for legal advisers, Ropes & Gray has secured a notable role with the US law firm instructed by GlaxoSmithKline (GSK) to lead an investigation into claims that some staff in the pharma giant’s Chinese operations engaged in bribery.

Chinese authorities have arrested four GSK executives, including senior Chinese legal counsel Zhao Hongyan, amid allegations that GSK staff have attempted to bribe doctors to use the company’s medication. Continue reading “Ropes & Gray lands marquee role in GSK Chinese bribery investigation”

Turns out not all publicity is good as law firm admits it revealed JK Rowling’s secret crime novel side-line

Turns out not all publicity is good as law firm admits it revealed JK Rowling’s secret crime novel side-line

Media law firms have long received a profile far outranking their small size thanks to their close proximity to celebrity clients and headline-friendly stories. For once, that brand visibility has disastrously back-fired as it emerged this week that entertainment boutique Russells Solicitors was responsible for revealing the fact that its client JK Rowling had penned the crime novel The Cuckoo’s Calling under a pseudonym.

Commercial and corporate partner Chris Gossage disclosed the crime novelist’s true identity to his wife’s best friend Judith Callegari. It is understood that Callegari then disclosed the information to a Sunday Times journalist through Twitter earlier this month. Continue reading “Turns out not all publicity is good as law firm admits it revealed JK Rowling’s secret crime novel side-line”

Clyde & Co advises Olswang on claim arising from £460m Esporta sale

Clyde & Co advises Olswang on claim arising from £460m Esporta sale

Clyde & Co’s professional financial disputes team led by rated team head Sarah Clover is advising Olswang on a multi-million pound claim stemming from the £460m acquisition by a Halabi family trust of fitness club chain Esporta from private equity firm Duke Street Capital.

Olswang in 2006 fielded a cross-disciplinary team to advise the Ironzar III trust on the high-profile acquisition, led by corporate partners Graham Barber and David Roberts.

The fitness group fell into financial difficulty and was placed into financial administration in 2007, taken over by its lender Societe Generale in a debt-for-equity-swap in 2009 and in 2011 Virgin Active acquired its 55 sites for £77.6m. Continue reading “Clyde & Co advises Olswang on claim arising from £460m Esporta sale”