Euro Elite France: Vive l’autonomie

Euro Elite France: Vive l’autonomie

The second year of the Covid-19 crisis has seen French firms busier than ever. Following an initial slowdown between March and May at the beginning of the pandemic, the Paris market has more than picked itself up since early summer 2020. As corporates and investors adapted to life under Covid rules and French courts opened up again, firms across all areas of the legal market report extremely high levels of activity.

As interest rates remain low, firms are struggling to keep pace with the big appetite for mergers and acquisitions. LBO specialists in particular shouldered more transactions in 2021 than in the year before the pandemic hit. The Paris fund formation teams also report a buzzing market, partly caused by a necessity to fund restructurings, but mainly driven by the economy’s staggering comeback. In the venture and growth capital scene, the extremely busy market, and in particular the heavy investments made by US and UK investors, has caused a rise in the number of new firms specialising in venture and growth capital transactions. Continue reading “Euro Elite France: Vive l’autonomie”

Sponsored briefing: New consolidated regime of early access in France

Sponsored briefing: New consolidated regime of early access in France

On 14 December 2020, the French Social Security Financing Act for 20211 (article 78) reformed early market access mechanisms in France and simplified the former systems of derogatory reimbursement for medicines, which included the temporary authorisation for use (ATU) and temporary recommendation for use (RTU) regimes.

Two new regimes have been created: early access authorisation (AAP – exceptional use of certain drugs for specific therapeutic indications, intended to treat serious, rare, or disabling diseases) and compassionate use (exceptional use of certain medicines in specific therapeutic indications). Continue reading “Sponsored briefing: New consolidated regime of early access in France”

‘Our first big move’: Bryan Cave Leighton Paisner gets Paris play over the line

‘Our first big move’: Bryan Cave Leighton Paisner gets Paris play over the line

Real estate leader taps Franklin for eight partners with more to come in France

‘It’s great to get to the moment where our first big move has happened.’
Lisa Mayhew, Bryan Cave Leighton Paisner

Since the 2018 tie-up between Berwin Leighton Paisner (BLP) and Bryan Cave, the merged entity of Bryan Cave Leighton Paisner (BCLP) has experienced a period of relative calm. But while the last 18 months have been defined by neither convulsion nor dramatic moves, the firm’s recent play in Paris could mark a new phase in BCLP’s post-merger ambitions. Continue reading “‘Our first big move’: Bryan Cave Leighton Paisner gets Paris play over the line”

The Euro Elite: France – La vie en rose

The Euro Elite: France – La vie en rose

Any conversation with a French lawyer these days turns at some point to the volatility of the market and the unpredictability of the future. But there is more substance to these words this time around than a reflection of the industry’s traditional caution.

In just over two years, France has gone from an election that might have ended up with a populist anti-EU leader to the enthusiasm for the victory of business-friendly, pro-European Emmanuel Macron… and then to the rude awakening of social unrest and economic slowdown. Continue reading “The Euro Elite: France – La vie en rose”

Deal View: Warlords in Paris – Kirkland’s long march to the French capital

Deal View: Warlords in Paris – Kirkland’s long march to the French capital

For a 109-year-old giant that fielded just 12 offices at the beginning of 2017, Kirkland & Ellis has had an expansive 18 months. Of course, there is never a better time to invest than the year in which your firm became the highest-grossing legal outfit in the world as Kirkland did in 2018 after posting $3.165bn. But it is still notable that of the five branches launched since Jeffrey Hammes took over as chair in 2010, three were announced since May 2017.

While earlier Boston and Dallas launches reflect a well-established ambition in its home market, news of Kirkland’s plans for a new arm in Paris signal a more symbolic extension of empire. Only Kirkland’s third branch in Europe, it comes more than two decades after London and almost 14 years after its Munich debut. Continue reading “Deal View: Warlords in Paris – Kirkland’s long march to the French capital”

World’s top-billing law firm Kirkland finally makes Paris debut with Linklaters corporate duo

World’s top-billing law firm Kirkland finally makes Paris debut with Linklaters corporate duo

After years of internal debate Kirkland & Ellis is to launch in Paris with the hire of one of Linklaters’ key corporate partners.

In a market largely defined by star individuals, Vincent Ponsonnaille has quit the Magic Circle firm alongside fellow corporate partner Laurent Victor-Michel to spearhead the launch of Kirkland’s second outpost on the continent. Continue reading “World’s top-billing law firm Kirkland finally makes Paris debut with Linklaters corporate duo”