Linklaters’ now decade-long effort to carve a credible position in the private equity market has been dealt a serious blow as co-heads Ian Bagshaw and Richard Youle leave to join White & Case. The long-term friends, having started their careers together at Eversheds, had to build the Magic Circle firm’s private equity practice largely from …
Continue reading “Linklaters’ private equity ambitions dealt a blow by departures”
One of the UK’s largest supermarket chains, Morrisons, last month finalised its first-ever legal panel, with Allen & Overy (A&O), Ashurst, DAC Beachcroft and Eversheds among the firms selected. Selection was overseen by the company’s recently appointed general counsel Mark Amsden. Forty firms made the long list, which was whittled down to a shortlist of …
Continue reading “Gordons and A&O on Morrisons panel as L&G cuts roster”
A wary optimism was the prevailing mood of private equity partners in October, as deals such as the $2.2bn acquisition of Vion Food Group’s gelatine-making subsidiary, Vion Ingredients by private equity house Darling International demonstrated that there is appetite, and funds, for the right kind of asset. Texas-based Darling used K&L Gates and Clifford Chance …
Continue reading “Corporate caution as private equity acquisitions and IPOs trickle in”
It’s big, spanning continents, oceans, hugely disparate cultures and a complex governance and profit-sharing model and it’s going live today (1 November) – welcome to King & Wood Mallesons SJ Berwin. The firm has now confirmed who will be taking on the task of managing the newly-merged giant after announcing the line-up of global practice …
Allen & Overy (A&O) has announced a salary increase for its associates, bringing the firm in line with its key City peers. For a newly-qualified (NQ) lawyer, pay will rise to £64,000 from £61,500, for one year post-qualified experience (PQE), salary rises to £69,500, two year PQEs goes from £74,500 to £78,500 and three year PQEs …
The long campaign for domestic courts to be opened up to filming today (30 October) secured an (actually pretty minor) victory with the Court of Appeal letting in television cameras. With the Court of Appeal (Recording and Broadcasting) Order 2013 coming into force, the ban on cameras in courts in England and Wales that has …
Continue reading “A ‘landmark’ baby step towards filming the courts welcomed by all”
‘I’m standing saying that those who miss the boat now, will miss it forever. So if you want to be in Africa, think about investing,’ said Nigerian finance minister, Ngozi Okonjo-Iweala, earlier this year in a public speech. Before most foreigners had become bullish on Africa, Stephen Jennings, founder of Renaissance Capital, who successfully bet …
Continue reading “‘We own the time’ – the Africa 2020 vision”
Berwin Leighton Paisner‘s (BLP’s) head of banking and finance Matthew Kellett is to leave the firm, it was confirmed today (30 October), with BLP launching an independent review of its finance practice. A spokesperson for the firm said: ‘Matthew Kellett has decided to leave BLP to pursue his business and other interests. Matthew will stay …
With Brazil’s economy continuing to disappoint during 2013, there is increasing focus on other economies across Latin America. Moving to meet that demand Iberian giant Garrigues has announced that it is to acquire Colombian outfit Zarama y Asociados. Garrigues has secured the signatures of Zarama y Asociados sole partners, Fernando Zarama and Camilo Zarama, along …
Continue reading “As Brazil cools Latam heat – Garrigues moves into Colombia; SJB primes Saudi move”
Where do veteran law firm leaders go after a stint at the top? Another stint near the top in the case of Gary Senior, the veteran former London managing of Baker & McKenzie, who recently handed over to Paul Rawlinson. The 4,000-lawyer firm announced today (28 October) that Senior had been elected to serve on …
