Eighteen firms have been appointed to the Crown Commercial Service (CCS)’s general legal advice panel in a two-year, £400m contract. The process, which splits firms between two tiers, had a significant focus on both cost and quality.
In February it emerged A&O used its bonus pool to hire a three-partner Paul Hastings team. The US firm’s leveraged finance head Bill Schwitter joined A&O’s New York office as the firm’s global co-head of high-yield alongside partner Michael Chernick and capital markets partner Jeffrey Pellegrino.
Leavers’ provisions in war for talent come under scrutiny
While the first round of a case that saw Herbert Smith Freehills (HSF) pursue an action against eight partners who quit to join White & Case in Australia has concluded, the dispute has highlighted the ongoing war over talent between UK firms and their US rivals.
KWM China buys reassurance by taking SJ Berwin name
An initial report into the financial affairs of King & Wood Mallesons’ (KWM) now defunct European arm estimates that unsecured creditors are set to lose £33.5m as the firm’s inner financial workings begin to surface.
Continue reading “Unsecured creditors to lose almost £34m as KWM Europe admin continues”
With the asset management market tipped for further consolidation, Freshfields Bruckhaus Deringer scored a role alongside Slaughter and May and Maclay Murray & Spens on Standard Life and Aberdeen Asset Management’s £11bn merger in March.
Continue reading “Freshfields wins mandate on Standard Life/Aberdeen Asset Management £11bn merger”
The deal was announced in March and is expected to close in the second half of 2017. Under the terms, Scottish company Wood Group is offering £5.64 per Amec share, for 56% ownership of the combined group.
Continue reading “Magic Circle duo land £2.2bn energy deal as antitrust concerns surface”
Firms retreat as funds raised through IPOs in the region fall 26%
Davis Polk & Wardwell and Kirkland & Ellis are the latest US firms to lose corporate partners from their Hong Kong offices as public listings in the region decline.
The deal gives the firm a new Amsterdam office that expands its European presence to 26 offices in 18 countries. Boekel adds 70 lawyers to the global firm and 16 partners, with a focus on real estate, corporate and litigation.
The deal gives the firm a new Amsterdam office that expands its European presence to 26 offices in 18 countries. Boekel adds 70 lawyers to the global firm and 16 partners, with a focus on real estate, corporate and litigation.
Approximately 300 support staff roles are to be cut at CMS Cameron McKenna, Olswang and Nabarro ahead of their triple merger next month. The firms ran a redundancy consultation from January to March, with 650 of the 950 support staff offered roles in the combined firm.
