Shale Gas: CC and Morgan Lewis lead on $10bn Chevron Ukraine deal

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With major international firms angling to position themselves as leaders in the burgeoning shale gas field, Clifford Chance (CC) is advising energy giant Chevron on its $10bn shale gas exploration project with the Ukrainian government, a mammoth geopolitical deal which could see the region end its dependence on natural gas imported from Russia by 2020. The …

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Updated: Crunch time – Pannone partners face imminent vote on Slater & Gordon acquisition

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Pannone’s ongoing discussions with Australian-listed Slater & Gordon (S&G) over the sale of its consumer services and personal injury (PI) practice are coming to a head, with an equity partnership vote originally scheduled for next Tuesday (12 November) now put back until 19 November. Should the Manchester-based firm’s partnership approve the business sale agreement – which requires a 75% …

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West meets East – CMS latest to announce Istanbul office launch

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The latest move by CMS to enhance its international offering lies at the cross roads between Europe and Asia, with the Global 100 firm today (7 Nov) announcing that it is to launch an office in Istanbul – the latest western firm to open in one of the world’s fastest-growing economies. As partners Döne Yalçin …

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High energy – Bracewell & Giuliani continues City push with CC partner hire

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With shale gas emerging as one of the most touted new markets for advisers, one of the leading US players in the sector this week continued its well-publicised City push with Bracewell & Giuliani recruiting Clifford Chance (CC) energy and construction partner Tracy London. The appointment is the eighth senior London hire this year for the …

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Closer scrutiny for the Bar as BSB introduces tougher supervision measures

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Undeterred by the Bar’s reaction to its recent grading scheme for criminal advocates, the Bar Standards Board (BSB) today (5 October) announced new, more rigorous supervision arrangements for Chambers, aimed at curbing ‘ineffective governance and inadequate pupillage training.’ From January 2014, all Chambers will be required to participate in the new process, which will see …

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Hogan Lovells’ ambitious capital expansion draws in second HSF partner

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As Herbert Smith Freehills (HSF) continues to lose London partners so Hogan Lovells is in the midst of aggressively bulking up in the capital and today (5 November) announced internally that HSF environmental partner Louise Moore will re-join the firm. Moore – who focuses on M&A and private equity and has advised high profile clients …

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Administrators give behind-the-scenes insight into Manches takeover by Penningtons

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Penningtons’ takeover of troubled Manches last month says almost as much about the state of the legal market as it does of the firms involved, although, Manches’ administrators say, there are clear lessons to be learned. On 15 October, 265 Manches employees, including 46 partners officially moved to Penningtons in a pre-pack deal brokered by …

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Pannone presses for S&G deal in wake of failed Cobbetts bid

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Having previously pursued a merger with the now defunct Cobbetts (as it turned out, a lucky reprieve), Pannone’s current discussions with Australian-listed Slater & Gordon (S&G) are seeing talks over which parts of the Manchester-based firm’s diverse business will be included in any deal. With the firm effectively split into four limbs: its commercial arm; …

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Old and new faces: Squire Sanders re-elects UK and US heads while Dentons appoints new chief executive

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Squire Sanders has re-appointed Peter Crossley and Stephen Mahon to their respective European and firm-wide managing partner roles in a week that has also seen Dentons elect its Warsaw managing partner, Tomasz Dabrowski, as the new European chief executive seven months after its tripartite merger went live. For Squire Sanders, the re-election of Crossley and Mahon, …

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Davis Polk and Cleary act on big four Booz takeover as PwC re-shuffles legal leadership

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Major accountancy and advisory groups are always nice clients for law firms to have so Davis Polk & Wardwell, Cleary Gottlieb Steen & Hamilton and Linklaters have some cause for cheer after having been instructed on one of the biggest deals in the professional services sphere for years. The deal sees big four accountancy and …

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