Freshfields Bruckhaus Deringer private equity head Adrian Maguire is to become head of the firm’s global financial investors (GFI) sector group taking over the role from heavyweight David Higgins.
Ashurst is to get rid of its quarterly profit distributions in favour of a single yearly profit payment, in a move subject to a partnership vote.
Freshfields Bruckhaus Deringer and Hengeler Mueller have won spots advising as Blackstone Group purchased a portfolio of offices from IVG for €3.3bn, the largest European real estate transaction this year.
After doubling space at its Manchester low cost-hub last year, Freshfields Bruckhaus Deringer is to sign a new lease in the City at 100 Bishopsgate.
Mayer Brown has made up another two partners in the City, the same number as last year, while McDermott Will & Emery has promoted one in London.
Slaughter and May, its best friend Uria Menendez and Cleary Gottlieb Steen & Hamilton have won roles advising on Santander’s buy back of its asset management business from private equity groups Warburg Pincus and General Atlantic.
Olswang has lost the co-chair of its patent prosecution group to Dentons as the TMT firm prepares its mega merger with CMS Cameron McKenna and Nabarro.
Ashurst partners are set to receive their quarterly profit distributions this month after payments were delayed earlier this year. A partner at the firm confirmed that quarterly profit distributions are expected this month after Ashurst halted its August payout to partners following disappointing 2015/16 financial results, which saw profit per equity partner drop by 19%.
In a rare move, White & Case has hired Macfarlanes competition and EU head Marc Israel after 15 years at the firm.
Dechert has strengthened its private equity and finance practices hiring White & Case‘s Ross Allardice and Kirkland & Ellis partner John Markland to boost its presence in the City.
