Following on from the spate of Moscow office closures in March as a response to Russia’s invasion of Ukraine, international firms have started to set out their future plans for practices and teams. Clifford Chance outlined plans for its Moscow team, having announced that it would begin an ‘orderly wind down’ of its business in Russia …
‘People typically underestimate the innovative powers that are out there,’ reflects Rick van Aerssen, Freshfields Bruckhaus Deringer’s global managing partner. ‘The adaptability of society has been significant. The way that the different economies have weathered the storm from the pandemic has been north of what we would have anticipated two years ago. I personally think …
Had Legal Business’ Global London report come out at the end of 2021, a familiar narrative would have played out. The story would have been one of diverging fortunes as the London practices of some foreign firms looked to further strengthen their operations off the back of a booming transactional market, while others struggled to …
Charles Avery reports on the firms taking a stand as sanctions bite When news broke that Russia had invaded Ukraine, international law firms looked on in horror at the events unfolding and found themselves in the same predicament as just about every other major corporate entity.
Boies Schiller Flexner has announced that arbitration specialist Timothy Foden will become the third partner in its heavily reduced London office, taking the first steps to rebuild after a recent exodus. Previously at Lalive, Foden has a wealth of experience representing clients in investor-treaty and complex commercial arbitrations in the mining and energy sectors, and regularly …
Significant deals in the pharmaceutical, energy and software space have got the market talking over the last week, as City and US giants scored major mandates. Ithaca Energy is acquiring Siccar Point Energy, best known for operating the Cambo oil and gas field in the North Sea, for $1.5bn. The buyer will pay $1.1bn up …
Noerr has continued its recent trajectory of growth by posting a global top line of €297m across 2021, up by 9% from the €271.6m recorded a year earlier. The Munich-headquartered Euro Elite outfit, which attributes its success to mandates from listed companies, German and international private equity companies and large family-run companies, saw even stronger growth …
Continue reading “‘Continuing our growth story’: Noerr sees 9% growth as revenue reaches €297m”
White & Case has announced additions to its banking and finance practice on both sides of the Atlantic. Paul Yin joins the London team from Skadden, where he was European counsel and specialises in acquisition, real estate and general corporate financings, while the Boston office welcomed the arrival of Jessica Ball and Jessica Shearer. The …
EQT’s €6.8bn acquisition of Baring Private Equity Asia (BPEA), Cinven’s $2.6bn buyout of BESP and Pan-European Infrastructure III’s (PEIF III) £595m cash offer for Stagecoach Group Plc have kept advisers busy in recent days, as private equity deals continue to drive the M&A market. Stockholm-headquartered EQT reached an agreement to buy Baring Private Equity Asia …
Latham & Watkins has become the first law firm to break the $5bn revenue barrier as turnover spiked 26.7% to $5.489bn in the 2021/22 financial year. Profit per partner also saw a comparable 26% surge to $5.71m from $4.52 last year.
