Kirkland & Ellis has advised opposite Freshfields Bruckhaus Deringer in the largest European real estate transaction of the year as Singaporean sovereign wealth fund GIC picked up P3 from TPG Real Estate for $2.7bn.
Real estate, equity capital markets and M&A practices are expected to slow down significantly in the year ahead, despite UK law firms continuing to be highly profitable and a significant contributor to the economy, according to NatWest’s latest ‘Perspective on the Legal Market’ report out today (8 November).
Akin Gump Strauss Hauer & Feld has reviewed its associate salaries and will pay junior lawyers according to exchange rates in light of a volatile pound. This means the firm’s London-based newly-qualified (NQ) lawyers will see salaries swell to $180,000, which at current exchange rates is nearly £150,000.
King & Wood Mallesons’ (KWM) European partnership chose two new leaders last month, electing corporate partners Tim Bednall and Michael Cziesla as managing and senior partner for the legacy SJ Berwin practice. The elections were triggered by the early retirements of managing partner William Boss and senior partner Stephen Kon, who return to full-time fee-earning, …
Freshfields Bruckhaus Deringer, CMS Cameron McKenna and Pinsent Masons are advising as the Ministry of Defence (MoD) has gifted a £1.1bn construction contract to Carillion, extending what is already the largest accomodation Private Finance Initiative the Ministry has undertaken.
Most of the UK top 20 firms are officially credited as paying the Living Wage after the scheme was endorsed by the Law Society in 2013.
Simmons & Simmons has announced a new joint law venture (JLV) in Singapore with local boutique JWS Asia Law. The new firm will be known as Simmons & Simmons JWS and will offer both foreign and local law advice as of today (1 November).
More than one in five law students surveyed in the UK and the US admit they would falsify time records for personal and business gain, according to the first cross-jurisdiction quantitative study of the ethics of law students published in the International Journal of the Legal Profession earlier this month.
The third chief executive in the last year to take the helm of the University of Law (ULaw) has now left his post, despite only being appointed in May this year.
Demonstrating dominance in their home market, four US firms have taken advisory roles as AT&T has offered to acquire Time Warner for $85.4bn. Regular adviser Sullivan & Cromwell is advising AT&T alongside Arnold & Porter, while Cravath, Swaine & Moore has taken the lead for CNN and HBO owner Time Warner, with Weil, Gotshal & …
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