- Latham and Kirkland have outpaced the vereins to take the top two spots in this year's Am Law 100 - but what lessons can UK firms learn from the rankings?
- Norton Rose Fulbright global investigations head Chris Warren-Smith makes move with fellow partner Melanie Ryan
- Freshfields Bruckhaus Deringer finance partner Dougall Molson has left the firm to join Fieldfisher’s finance practice in London.
Molson was based in the magic circle firm’s Paris office for 15 years, where he was local head of the finance group. He took on the role in 2011 from Hervé Touraine, moving back to London in 2015.
As a member of Freshfields’ structured finance group, Molson has worked with companies including Talk Talk as well as the arrangers of Trafigur
- The 2016/17 UK law firm financial reporting season has kicked off with a bevy of notably healthy results from the mid market.
West End corporate and property firm Fladgate has unveiled provisional turnover results showing a 15 per cent rise to £49.2m, the sixth consecutive year the firm has posted a double digit rise in revenue.
Fladgate chairman Charles Wander said the firm’s new three-year, “2020 vision” plan would result in it adding a further 40 per cent to the top li
- Khaitan & Co advised TVS Credit Services Limited in relation to borrowing through a subordinate debt from HDFC Bank for INR 50 crores for the purpose of augmenting the capital base-Tier II capital of TVS Credit Services.
TVS Credit Services is part of the $6bn TVS Group and is retail financier for TVS Motor Company. TVS Credit is registered with the RBI as a non-deposit taking Non-Banking Finance Company (NBFC).
Manisha Shroff (partner), Oindrila Bhowmik (associate) and Ankit Chavan (as
- UK rail operator promotes deputy general counsel to top legal role
- Wolf Theiss has advised Aachener Grundvermögen in its first real estate investment in Austria. The German company is purchasing a commercial property on St Stephen’s Square, Vienna for one of its real estate funds. The property will be transferred in April 2017.
Wolf Theiss was responsible for the due diligence, negotiating and concluding the purchase agreement as well as closing the entire purchase of the property.
Counsel Stefan Weishaupt led and coordinated the entire transact
- No5 Barristers’ Chambers planning specialist Kevin Leigh secured an important victory in the High Court for a landowner in Flintshire faced with a gypsy and travellers site being granted planning permission on land opposite his home.
The judge quashed the grant of consent on the basis that the council had completely failed to consider properly evidence concerning children at the site and the materiality of such evidence was therefore not lawfully weighed in the balance of co
- Bär & Karrer successfully defended the interests of longstanding client EnBW Energie Baden-Württemberg AG in a CHF1bn ad hoc-arbitration proceeding in Zurich instituted by a German entrepreneur four years ago. In its final award, the tribunal dismissed the plaintiff’s claim in its entirety and awarded Bär & Karrer’s client full compensation for its legal costs.
Bär & Karrer’s team led by Matthew Reiter and included Cinzia Catelli, Alain Grieder,
- Six female lawyers make the grade, with half of this year's round based the UK
- Ammeraal Beltech is a Dutch developer and manufacturer of process and conveyor belting. Fogarty Belting has been serving the Irish and Northern Irish belting industry for over 35 years.
Ammeraal Beltech is a portfolio company of Advent International, a global private equity firm with $32bn invested across 40 countries.
Emmet Scully led the LK Shields team on the acquisition with assistance from Corporate associates David Brangam and Rose Gaynor.
The post LK Shields advises Am
- Credit Suisse Group plans to issue new shares in a total amount of CHF4bn by way of a rights offering to existing shareholders underwritten by a banking syndicate.
By this capital increase, Credit Suisse Group intends to strengthen its share capital which will allow it to retain full ownership of Credit Suisse (Schweiz) AG as opposed to pursuing a partial IPO as originally planned.
Bär & Karrer acts as Swiss legal adviser to the banking syndicate in this transaction. The team includes T
- Eversheds Sutherland has made up 20 new partners – the first to be announced since the firms’ transatlantic £600m tie-up went live at the start of February.
All new partners are from the Eversheds side of the business, with US firm Sutherland Asbill & Brennan making up seven lawyers at the start of the calendar year.
Eversheds Sutherland has made up fewer partners than last year, when 26 lawyers made the cut.
Female representation is also less than last year, with women acc
- Clifford Chance will “wind down” its office in Bangkok and will end its Jakarta local association with Linda Widyati and Partners as it focuses on growing its Singapore hub.
The firm will shutter its doors in Bangkok in the next 12 to 15 months, while the local firm association in Jakarta will end later this year.
It is not clear whether the Bangkok partners, led by Fergus Evans, will be asked to transfer to the firm’s Singapore hub.
This decision coincides with the retirement
- Magic circle firm to focus on Singapore expansion in Southeast Asia shake-up
- Gibson Dunn & Crutcher has hired a six-partner energy team from Baker Botts’ Houston office.
The new recruits join just two months after Gibson Dunn announced plans to launch in the city, recruiting Latham & Watkins’ former oil and gas co-chair Michael Darden and lawyer Justin Stolte.
A team of six lawyers will be joining from Baker Botts – one of the largest firms in the Texas region.
The partners are Gerry Spedale, Hillary Holmes and Doug Rayburn, who all join Gibson
- Network Rail has promoted deputy general counsel Stuart Kelly to the top role following the departure of legal boss Suzanne Wise to Japan Tobacco International (JTI).
Last month, The Lawyer reported that Wise was set to join Japan Tobacco International as senior vice president for corporate development. Stuart is expected to formally take on the new role at the end of May when she officially departs.
Kelly has worked at Network Rail for over a year, joining from Severn Trent where he was fi
- A special veterans' court has the ability to hear class actions, an appellate court found.
- Norton Rose Fulbright has made up 45 partners worldwide in the last promotions round before formally merging with Chadbourne & Parke later this year.
The largest portion of the promotions this year went to Canada, with 12 in total, followed by the US with 11 and the UK with eight. Elsewhere in the network, Asia and South Africa received four new partners apiece, while Australia and the Middle East had three and one respectively.
According to information from The Lawyer’s Global 200, th
- Norton Rose unveils 40% female round as Stephenson Harwood makes up City trio
- Stephenson Harwood has promoted four lawyers to partner in its latest promotions round, with three in London and one in Hong Kong.
This is the smallest round since 2013, when the firm made up just two associates in the City. Last year, the firm almost doubled the number of partners promoted, making up more lawyers than ever before, and promoted five to partner the previous year.
Those promoted are London-based commercial litigation lawyers Donna Newman and Sophie Schultz, London-based
- Fifth annual awards ceremony to take place in South Africa on 8 September
- Pair win roles as Permira refinances global network of private members' clubs in £275m deal
- A Presidential Decree that affects regulation of professional activities by non-resident foreign companies has been introduced.
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- Ogier is acting as legal adviser to Kennedy-Wilson Holdings, Inc., (KW) a global real estate investment company, in its all-share combination transaction with Kennedy Wilson Europe Real Estate Plc, (KWE) an LSE listed property company that invests in direct real estate and real estate loans across the UK, Ireland, Spain and Italy.
As a result of the transaction, which will create a leading global real estate investment and asset management platform, KWE will become a wholly owned subsidiary of K
- Ogier has acted for BTG Pactual Participations Ltd. and certain of its affiliates in respect of its recent restructuring of its interests in major Brazilian drugstore chain, Brasil Pharma S.A.
The transaction involved a combination of an equity restructuring and the issue of new debt by Brasil Pharma.
Ogier’s Cayman corporate and finance team worked alongside lead Brazilian counsel and advised BTG on all matters of Cayman Islands law, including advising on the structuring of the transactio
- DLA Piper has expanded its Frankfurt office with a corporate team hire from K&L Gates in Frankfurt.
K&L Gates partners Mathias Schulze Steinen, Andreas Fuchsel and Claudius Paul are set to join the firm from May 1, bringing DLA’s current 21 partners in Frankfurt up to 24.
Schulze Steinen – whose practice focuses on TMT, automotive, life sciences and private equity -was at K&L Gates for almost eight years, joining from Simmons & Simmons in 2009.Fuchsel and Paul were at
- Bristol-headquartered TLT has promoted seven associates and one legal director to partner in its biggest-ever promotions round.
Of the eight people promoted to partner, three are women – employment lawyer Siobhan Fitzgerald, corporate lawyer Antonia Silvestri and commercial dispute resolution lawyer Victoria Mabbett.
They are joined by property litigation lawyer Matthew Forrest, commercial lawyers Dan Read and Patrick Sweeney, real estate lawyers Matthew Grimwood and Patrick Sheehan.
- Freshfields Bruckhaus Deringer has hired a bankruptcy team in New York from newly-merged firm Arnold & Porter Kaye Scholer.
L-R: Talmadge, Lisco and PrimoffThree partners are joining the magic circle firm in the US – one of the largest group hires made by Freshfields’ New York office in recent years.
Mark Liscio, Madlyn Primoff and Scott Talmadge are all joining Freshfields’ restructuring team.
Arnold & Porter announced it was merging with Kaye Scholer last&n
- High-profile Arnold & Porter Kaye Scholer team makes post-merger move to Freshfields
- Covington to open in Dubai and Johannesburg with 25-strong team in talks to follow partners
- Covington & Burling has hired a four-partner team from Chadbourne & Parke, ahead of new office openings in Dubai and Johannesburg.
The US firm has hired London project finance duo Ben Donovan and Agnieszka Klich, as well as Chadbourne’s Dubai head David Greenwald and partner Richard Keenan.
Former Allen & Overy (A&O) partner David Miles will also join Covington in London, having worked as a temporary consultant for the magic circle firm’s Peerpoint business. Mile
- Legislation introduced in Congress on Wednesday would expose cruise operators to broader damages for passenger deaths, bringing the industry in line with airlines and land transportation companies. The Cruise Passenger Protection Act would allow the families of passengers who die in international waters as a result of negligence to recover damages for loss of care, comfort […]
- Qualification overhaul prompts concerns over impact on specialist training for City law firms
- Ten UK promotions include two each from Nabarro and Olswang ahead of 1 May merger
- Khaitan & Co advised Centrum Financial Services Limited in relation to issue of Secured, Unlisted, Unrated, Redeemable, Non-Convertible, Principle Protected Market Linked Debentures in multiple series aggregating to an amount of INR20 crores.
Centrum Financial Services Ltd was incorporated in 1993 and is registered with RBI as a non-deposit accepting, loan granting NBFC.
Manisha Shroff (Partner) and Oindrila Bhowmik (Associate) represented the client on the transaction.
The post Khaitan advi
- Khaitan & Co advised Centrum Capital Limited in relation to its issue of secured, unlisted, unrated, redeemable, non-convertible, principle protected market linked debentures – Type 1 in multiple series for an amount not exceeding INR25 crores. Centrum Capital Limited is an investment banking company.
Manisha Shroff (Partner)and Oindrila Bhowmik (Associate) represented the client on the transaction.
The post Khaitan advises Centrum Capital on debentures issue appeared first on The Lawy
- Goodman Derrick and Bluebox Corporate Finance’s Tech Entrepreneurs Breakfast is an opportunity for a small number of guests to meet peers and to hear from finance, management and legal advisers.
The session will be relaxed and there will be open discussion about the challenges being faced by growing businesses.
What: Tech Entrepreneurs Breakfast
When: 8:30am to 10:30am, Tuesday 13th June
Where: Goodman Derrick LLP, 10 St Bride Street, London EC4A 4AD
The post Are
- CMS has promoted 44 of its lawyers to partner across 26 offices for 2017, with Olswang and Nabarro each making up two associates before the firms enter into their three-way merger.
In London, CMS has promoted the dispute resolution team’s David Bridge, employment’s Caroline Kurup, and TMT’s Paul Silver.
In Edinburgh, real estate lawyer Amy Norton and TMT specialist Duncan Turner have made the cut, while another real estate lawyer, Kirsten Partridge
- Ashurst has promoted four women to partner out of 19, falling short of its target to ensure that 40 per cent of promotions would be female by 2018.
The firm set the target in 2014 in the firm’s first board meeting since its full financial merger with Blake Dawson.
This year, women account for just 21 per cent of newly-promoted partners.
Ashurst reached the 40 per cent target in its 2015 promotions round but has not achieved it since. Last year, women accounted for 33 per cent of global pro
- Seven London lawyers join the firm's partnership in this year's round
- Firms act alongside Wachtell as London-listed property company merges with US parent company
- “I am not a robot. My intonation is always different.” — “Donald Trump” “I am not a robot. My intonation is always different.” —”Barack Obama” Presidents Donald Trump and Barack Obama never actually uttered the line, or at least those 10 words in that order. But over at the website Lyrebird.ai, you can play recordings […]
- Macfarlanes senior partner Charles Martin and Wachtell M&A partner Adam Emmerich discuss how independent firms can compete against global rivals
- Overhaul of legal training will see Solicitor's Qualification Examination introduced in 2020
- The Cayman Islands is a market leading jurisdiction in both the aviation and shipping industries. In keeping with this, the Special Economic Zone in the Cayman Islands (SEZ), has recently created the Cayman Aviation Services Park to sit alongside the existing Cayman Maritime Services Park established in 2015.
The Special Economic Zones (Cayman Enterprise City) (Amendment) Order, 2017 provides that the Cayman Maritime and Aviation Services Park is designed to attract maritime and aviati
- Kinstellar and Linklaters have successfully advised the joint lead managers and dealers – Citibank Global Markets, Deutsche Bank, UBS Investment Bank, Halyk Finance and SkyBridge Invest – on the update of the $10.5bn Global Medium Term Notes Programme established by KazMunayGas and its finance subsidiary KazMunaiGaz Finance Sub BV, and the issuance of $2.75bn notes.
KazMunayGas is the national company for the exploration, production, transportation and refining of hydrocarbons in Kaz
- The Solicitors Regulation Authority (SRA) will introduce its planned super-exam, the Solicitors Qualification Examination, despite opposition from the profession.
The SRA spoke to almost 9,000 people and analysed the results of responses from over 500 people from two different consultations.
It received criticism from various quarters, including a number of academic representative groups, the University of Law and BPP.
In response to the consultation question To what extent d
- Weightmans and Ward Hadaway have abandoned plans to merge after four months of talks.
A tie-up would have created a northern-headquartered firm with a turnover of around £130m.
However, both firms said their strategies were not sufficiently aligned for a merger to work.
Weightmans managing partner John Scorah said: “We have many common interests, but after discussions it became clear that we each want different things from our respective futures.
“We sensibly agreed between us
- Weightmans set to unveil new structure after opting against Ward Hadaway tie-up
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