Skadden, Fried Frank, Kirkland and Debevoise have all taken lead advisory roles as BlackRock announced on Friday (12 January) that it will buy Global Infrastructure Partners (GIP) for an eye-watering $12.5bn. The transaction will give BlackRock a total of $150bn in infrastructure assets, rocketing it to the top tier of infra funds. The transaction sees …
Quinn Emanuel Urquhart & Sullivan posted an impressive set of 2023 financial results for its London office today (10 January), with revenue up 47% to £196.6m and profit up a staggering 60% to £153.6m, with a profit margin of 78%. London senior partner Richard East (pictured), who founded the office in 2008, said: ‘We are …
Continue reading “‘Stunning achievement’: revenue and profit surge at Quinn’s London office”
In a move that may come as a surprise to detractors of the Magic Circle firm’s US ambitions, Linklaters today (8 January) announced it has expanded its New York M&A offering with the hire of a six-lawyer team from Shearman & Sterling.
From AI to ESG and class actions, top London litigators predict the hottest litigation trends for 2024 If the view of London litigators on the coming year could be summarised in a single word, it would be ‘more’.
Paul Weiss continued to cut a swathe through the London market this week with a double partner hire from Clifford Chance. The US firm brought over Legal 500 private equity leading individual Christopher Sullivan, who led the UK private equity practice at CC, and acquisition finance partner Taner Hassan, who joins as head of European …
In a move that may not come as a surprise to most, Allen & Overy (A&O) has unveiled a list of contenders for the managing and senior partner roles, with no Shearman & Sterling partners in the race. Private capital group co-chair and global banking practice co-head Philip Bowden (pictured) is among three lawyers vying …
Continue reading “Shearman partners overlooked in Allen & Overy leadership race”
Partners at Boies Schiller Flexner have elected New York-based litigator and white-collar defence and internal investigations partner Matthew Schwartz as chair. Schwartz will step into the role from 1 January 2025 to serve for a three-year term. He will take over from current chair and co-founder David Boies, who has held the position since the …
Continue reading “‘The firm is in excellent shape’: Boies Schiller elects new chair”
The contrast between last year’s Global 100 report and this year’s could hardly be starker. Last year saw firms blow away even optimistic predictions to post extraordinary results. Total revenue increased by 15% to $147.5bn – more than double the previous year’s already impressive rise of 7%. Average profit per equity partner (PEP), meanwhile, shot …
With law firm mergers and collapses, new office launches, a proliferation of strategic hiring and big-name changes in management, 2023 was a rocking year. Here are the headline stories of the last 12 months
‘The biggest issue for the market is uncertainty’, says Richard Youle, who has headed Skadden’s London office since July. ‘Whether that’s in relation to the current geopolitical landscape, higher interest rates, inflation, or navigating tougher stances by regulators – we’re seeing people take longer to think about transactions and execute them. There’s also a mismatch …
Continue reading “M&A stages tentative comeback but dealmakers remain hamstrung by uncertainty”
