Cleary and White & Case switch on for Canal+ £2.5bn IPO in London
Elite US firms played a key role as French broadcaster Canal+ made its debut on the London Stock Exchange, becoming one of the first companies to list under the FCA’s new rules.
Odimba-Chapman succeeds Bates as Clifford Chance London managing partner
Clifford Chance has named employment partner Chinwe Odimba-Chapman as its new London managing partner, succeeding Michael Bates. Stepping into the role as of 1 January, Odimba-Chapman (pictured) will be CC’s first black London managing partner. She currently serves as the firm’s global people and talent partner. Bates, who is a Legal 500 Hall of Famer …
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Sidley makes key TMT hire in London as CMS practice head comes on board
Sidley Austin has sealed the hire of CMS TMT head Clive Gringras, a Legal 500 Hall of Famer who has spent his entire career at CMS and predecessor firms Olswang and Nabarro. Gringras (pictured) made partner at CMS in 2000 after moving over in the tripartite merger of Olswang, Nabarro and CMS in 2017, before …
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‘How hard are you prepared to work?’ – partners who’ve made it on how they built a book of business
‘If anyone had all the right answers, they’d be getting all the work in the City,’ jokes Cleary London private equity partner Michael James, when asked for tips on how junior partners should start building up the books of business needed to guarantee their long-term success. In an industry as competitive as the top-end London …
Paul Weiss joins ranks of US firms scaling back in China with Beijing exit
Paul Weiss is set to close its Beijing office by the end of the year, becoming the latest in a series of major US law firms to scale back operations in China. The New York-headquartered firm has had an office in Beijing since 1981, which marked its first office outside the US. The firm will …
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Kirkland & Ellis and A&O Shearman advise as Northvolt begins Chapter 11 proceedings
Kirkland & Ellis and A&O Shearman are advising Swedish battery maker Northvolt as it enters Chapter 11 restructuring proceedings, with court filings stating that a total of $5.84bn in total funded debt obligations has left the company in a ‘dire’ liquidity position.
Kirkland snaps up senior Clifford Chance fund finance partner in London
Kirkland & Ellis has hired long-time Clifford Chance fund finance specialist Andrew Husdan as a partner in London, according to sources familiar with the matter.
Restructurings pick up as Davis Polk makes European bow while Plainer moves to DLA
It’s been an active start to the week for restructuring lateral moves in the City, as Sidley co-heads Mark Knight and Jifree Cader have joined Davis Polk, and Adam Plainer, co-chair of Dechert’s global restructuring group, has moved to DLA Piper.
Laws of attraction – how elite firms are ramping up their talent retention tactics
‘There’s a bunch of defensive mechanisms firms are using to shore up their stars – they could be lost to Paul Weiss or some other big firm if they don’t do something,’ says one US partner of the fierce war for talent at the very top of the legal market.
‘Setting ourselves up for the future’ – McDermott ups London trainee pay to £70k
McDermott Will & Emery has followed Davis Polk’s lead, raising its London trainee pay to match the highest market rates.