Latham and Cleary advise as Siemens and Alstom combine US law firms took the lead as Siemens agreed to combine its transport operations with former rival Alstom in a merger of equals to counter the threat from China to the European railway industry.
Why would a partner quit an elite London law firm with decades of history, Rolls-Royce support and a superb client base for the uncertain prospects of the City arm of a US rival? Money is the obvious answer and in a sector in which laterals regularly increase their compensation by 50-100%, that is obviously a …
Freshfields and K&E act on Monarch administration Freshfields Bruckhaus Deringer’s restructuring chief Ken Baird and finance partner Catherine Balmond led the team advising KPMG as Monarch Airlines filed for administration. Kirkland & Ellis and Reed Smith advised the Civil Aviation Authority (CAA), while Stephenson Harwood acted for the Pension Protection Fund.
What a difference a few hundred miles can make: an election not resulting in a clear majority; a government polling much worse than expected; a leader weakened; and complicated negotiations ahead. In London, such headlines spell uncertainty, prudence, even panic. While any poll in the UK fills its legal community with trepidation, the Germans reacted …
Making Baker McKenzie stand out was once a simple business. The day in 1948 Russell Baker met John McKenzie by chance in a cab, he had already conceived the notion of an international law firm. Formed in 1949, its first international office was added six years later in Caracas, Venezuela. In the decades to follow, …
DAC Beachcroft will reward top-performing partners with more generous bonuses after the top-25 Legal Business 100 firm voted through changes to its remuneration structure. The national firm has introduced the new bonus scheme with immediate effect following a full governance review, removing a cap on the level of profit going into its merit pool to …
Global 100 leaders lined up on two billion-pound-plus European IPOs this week, as market confidence continues to return in 2017. Latham & Watkins and Clifford Chance advised on the IPO of TI Fluid, a year after plans to float car parts maker were shelved due to the uncertainty following Britain’s decision to leave the EU, …
Part of an ongoing and concerted effort to manage the public purse for legal advice, the Government has announced plans to set up a £650m marketplace for the public sector to procure legal services. Central government, devolved administrations and public bodies would procure legal advice through the marketplace, according to a pre-tender notice published by …
In an unusual City move from a US firm to the Magic Circle, Latham & Watkins co-head of investment funds Tom Alabaster is to join Linklaters three years after joining Latham from Carlyle. The hire comes a few months after Linklaters launched a refreshed strategy to focus on financial sponsors and fund formation and Alabaster, …
Continue reading “Linklaters throws down gauntlet as Latham funds co-head makes rare City switch”
White & Case has promoted 31 lawyers to partner, three quarters of them in London and the US, as the firm continues its investment in the City and New York. Evenly spread between US and EMEA, the promotions – effective on 1 January 2018 – represent a 29% drop on last year’s round, when the …
