It often seems getting a deal agreed is the hardest part – as in the case of Herbert Smith, which in 2012 agreed to combine with Australian leader Freehills – but working out those thorny integration issues can make you long for the simplicity of a straight merger vote. Almost 18 months after agreeing its …
It set the market on fire this year after picking of the lion’s share of Cobbetts at the end of an explosive 18-month spell of consolidation, so it comes as no surprise that DWF has posted a 57.5% increase in half-year revenues to £93.6m from £59.4m this time last year. According to the 984-lawyer, top …
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The first half (H1) of the 2013/14 year is proving to be more benign than last as Field Fisher Waterhouse joins a number of top 40 firms to post a revenue increase, seeing turnover up by 7% to £49.9m compared to £46.8m at the same time last year. These results are set against the 358-lawyer firm’s overall …
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More recently the subject of headlines announcing partner departures, Berwin Leighton Paisner (BLP) today announced the appointment of Karen Friebe, a real estate partner from DLA Piper as sources indicate the traditionally real estate driven firm is taking a back to basics approach to consolidation. Friebe (pictured), who specialises in the hotel and leisure sector and will join BLP as …
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Baker & McKenzie has again turned to one of the Big Four accountancy firms to boost its sizeable London tax practice as EY tax partner Mark Bevington joins as a partner in the 4004-lawyer firm’s City office. Bevington (pictured) specialises in international tax planning, with a focus on UK domestic taxation, including intangible assets planning, patent box …
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Beleaguered shoe retailer Barratts has gone into administration for the third time in four years, with administrator Duff & Phelps turning to top 50 firm Shoosmiths to advise as it reviews the company’s position and considers all options including a fire sale. Shoosmith’s restructuring and insolvency national head James Keates and Manchester partner Sarah Teale are …
Davis Polk & Wardwell’s aggressive approach to building and developing an English law practice has seen the top 30 global 100 firm hire Ashurst finance partner Nick Benham into its City office. Benham, who has been a partner in Ashurst’s credit group since 2010, focuses on complex finance transactions including domestic and international leveraged finance …
The lucrative pharmaceutical sector continues to provide a corporate boon to Global 100 firms, with Covington & Burling and Latham & Watkins winning key roles on Salix Pharmaceutical’s $2.6bn acquisition of specialty pharmaceutical company Santarus, announced yesterday (7 November). With the firm’s longstanding reputation as a leading adviser on both corporate and regulatory matters to life …
Clifford Chance (CC) has been handed a role advising the ailing Co-operative Bank on its recapitalisation due to a conflict of interest at Allen & Overy (A&O) as the bank prepares to float next year. CC capital markets partner Iain Hunter and insurance and corporate partner Hillary Evenett are advising the bank on its recapitalisation …
Only four days after its merger went live with King & Wood Mallesons and SJ Berwin has lost leading real estate partner David Ryland to Paul Hastings in London, as US firms also continue to reap the benefit of offering better later life partner opportunities than their UK counterparts. Ryland, who was the relationship partner …
