Deal Watch: Kirkland and Eversheds lead as Toys R Us and Maplin collapse following bleak Xmas for retailers

Deal Watch: Kirkland and Eversheds lead as Toys R Us and Maplin collapse following bleak Xmas for retailers

Insolvency professionals have long been predicting a wave of trouble would hit the beleaguered UK high street and it has come to pass with Kirkland & Ellis and Eversheds Sutherland securing lead roles on the collapses this week of Toys R Us and Maplin. Toys R Us announced today (28 February) that its domestic business …

Freshfields and Davis Polk win roles as Comcast eyes Sky with ‘superior’ £22bn bid

Freshfields and Davis Polk win roles as Comcast eyes Sky with ‘superior’ £22bn bid

Broadcasting giant Comcast has instructed Freshfields Bruckhaus Deringer and Davis Polk & Wardwell as it looks to trounce an existing offer for Sky from Rupert Murdoch-owned 21st Century Fox. Philadelphia-headquartered Comcast said in a statement today (27 February) that its ‘superior cash proposal of £12.50 per share represents a 16% increase in value over the …

Deal watch: US leaders nail key roles alongside Magic Circle on Amex, Standard Life and Fidessa plays

City heavyweights Freshfields Bruckhaus Deringer and Slaughter and May have been met by Wall Street rivals Cleary Gottlieb Steen & Hamilton, Davis Polk & Wardwell and Skadden, Arps, Slate, Meagher & Flom on a host of deals marking a bumper week for public M&A. Cleary consolidated long-standing relationships and bolstered its public M&A ambitions, advising …

Women deal stars perspectives – Amy Mahon, Clifford Chance

Women deal stars perspectives – Amy Mahon, Clifford Chance

‘Star culture dictates that 50-year-old men are seen as the real deal. To be a good deal-doer it’s not only about negotiating. You need to be organised and have a masterplan to get things done. Women will say they’re good at project management, men will say they’re good negotiators. Juggling, multi-tasking, managing teams – none …

LLP latest: Ashurst management pay drops 18% amid turnover recovery

LLP latest: Ashurst management pay drops 18% amid turnover recovery

Ashurst’s management took home £8m in 2016/17, 18% less than the previous year, according to the firm’s recently published LLP accounts. The City firm’s turnover saw an 12% boost to £541m from £505m the previous year, showing a recovery after two consecutive years of decline following its merger with Australian firm Blake Dawson in 2013.

‘Incredibly strong’ – debt counsel gear up for another boom year in leveraged finance

‘Incredibly strong’ – debt counsel gear up for another boom year in leveraged finance

Nathalie Tidman finds lawyers bemused by crazy pricing and a wall of debt ‘Short of Trump nuking North Korea, I can’t see any immediate problems on the horizon,’ reflects Latham & Watkins partner Christopher Kandel. It is safe to say finance advisers believe the recent bonanza of European leveraged finance activity will continue through 2018 …

Alphas – the hunt for female deal stars (and why it’s hard to be a City woman)

Alphas – the hunt for female deal stars (and why it’s hard to be a City woman)

‘You will have to go out and find the women – they won’t come to you,’ warns Travers Smith partner Lucie Cawood when Legal Business began researching this cover feature. That proved an astute prediction. Searching for senior female talent in the City, amid weeks spent amassing nearly 60 interviews with partners, law firm leaders, …

A shock to the system as Freshfields heavyweight departs

A shock to the system as Freshfields heavyweight departs

Given that it has been so well telegraphed that the $10m lateral was coming to the Square Mile, the shock among City peers at the hire of Freshfields Bruckhaus Deringer private equity veteran David Higgins (pictured) has been, well, shocking. ‘Outrageous’, ‘obscene’ and ‘mildly appalling’ are among the reactions from peers. One hopeful partner at …

M&A/Corporate

M&A/Corporate

Aedamar Comiskey and Jessamy Gallagher, Linklaters Linklaters’ head of corporate Aedamar Comiskey (pictured above) stands as one of the few female heavyweights in public M&A. The former senior partner contender has established herself as a substantial business generator, acting as Linklaters’ relationship partner for key clients including Aviva and HSBC. With many of her clients …