A good time to be mid-tier: private equity interest on the rise as mid-market thrives

A good time to be mid-tier: private equity interest on the rise as mid-market thrives

The LB100 results for 2023-24 are in, and while the demise of the mid-market has been long forecast, the numbers suggest it’s a good time to be a medium-sized law firm. With average revenue growth of 10%, this firms in the 51-100 bracket are well up on last year’s equivalent performance of 6% and keeping …

Moving up the food chain: Browne Jacobson on rapid growth and remaining inclusive

Moving up the food chain: Browne Jacobson on rapid growth and remaining inclusive

Richard Medd’s tenure as Browne Jacobson managing partner began in the spring of 2020, amid the chaos of the early months of Covid. While many would view such timing as unfortunate, Medd sees it differently: ‘Looking back, there were advantages to starting at that time. The whole world was starting again, which gave me a …

Dealwatch: US trio lead on $3.8bn Anglo American coal sale as Apax seals £700m professional services buyout

Dealwatch: US trio lead on $3.8bn Anglo American coal sale as Apax seals £700m professional services buyout

Latham & Watkins, Jones Day, and Wachtell, Lipton, Rosen & Katz are advising on Anglo American’s sale of its Australian steelmaking coal business to US coal mining company Peabody Energy, in a deal worth up to $3.775bn. The transaction value comprises $2.05bn at completion, deferred cash consideration of $725m over four years after completion, a price-linked …

BDB Pitmans rebrands as Broadfield as discussions over US tie-up continue

BDB Pitmans rebrands as Broadfield as discussions over US tie-up continue

BDB Pitmans has completed its rebrand as Broadfield, joining as the founding member of a planned global network of mid-market firms established by US turnaround firm Alvarez & Marsal (A&M). Broadfield officially launched this week (2 December) after signing up BDBP as its first earlier member this summer. BDBP, which has four offices in London, …

Travers private equity departures continue as practice head leaves

Travers private equity departures continue as practice head leaves

Lucie Cawood, the head of Travers Smith’s private equity and financial sponsors group, has left the firm, marking the latest in a series of exits from the City firm’s transactional practices. Cawood has led the firm’s PE group since January 2023, when she succeeded Ian Shawyer, following his move to Cleary Gottlieb Steen & Hamilton. …