Paul Hastings, A&O and PwC heap further woe on City stalwart
A beleaguered Ashurst has suffered another wave of partner exits, with ten partners leaving in September to join global competitors.
Continue reading “Pressure piles on Ashurst as ten partners quit last month”
Over 100 lawyers involved as PE firm sells sport to Liberty Media
Just six months a partner, Freshfields Bruckhaus Deringer’s Charles Hayes has led the firm’s team advising Formula One Group (F1) and CVC Capital Partners on the £6.4bn sale of F1 to Liberty Media Corporation, advised by Baker Botts.
Continue reading “Freshfields and Baker Botts take pole position on F1 sell off”
Travers Smith and Kirkland & Ellis last month teamed up to advise UK tech firm Micro Focus on its $8.8bn acquisition of Hewlett Packard Enterprise (HPE)’s software business.
In a deal primarily structured under Delaware law, Travers head of corporate Spencer Summerfield advised Micro Focus alongside corporate partner Jon Reddington on English law. Kirkland fielded a team led by New York corporate partners William Sorabella, David Feirstein and John Kupiec.
CC and Davis Polk On $8bn China IPO: Davis Polk & Wardwell advised Postal Savings Bank of China on its Hong Kong Stock Exchange float, with Clifford Chance leading for the underwriting banks, including JP Morgan Chase and Goldman Sachs. King & Wood Mallesons acted as Chinese counsel to the banks, while Haiwen & Partners was Chinese adviser to Postal Savings Bank.
Continue reading “Deal watch: Corporate activity in October 2016”
Simultaneous Melbourne and Sydney launches filled with former Freehills lawyers
White & Case is to open two offices in Australia with the hire of a ten-partner project finance team from Herbert Smith Freehills (HSF), and there are plans to continue growing in the country.
.jpg)
CMS opened in Hong Kong in September through its German branch CMS Hasche Sigle, re-entering the city as part of an international arbitration push.
The initial focus of the office will see the development of a dispute resolution practice by arbitration partner Nicolas Wiegand (pictured) who relocates from Munich.
Continue reading “CMS returns to Hong Kong to enhance Asia disputes practice”
Kathryn McCann and Victoria Young discuss Kennedys’ prospects with longstanding senior partner Nick Thomas
‘I’d like to tell you that Kennedys is a crap practice,’ one law firm leader tells Legal Business, ‘but it is reasonably good. The unfortunate thing is that it follows rather than leads in its market and that’s a strategic disadvantage.’
I’m the fifth of six children. By child five, your parents are very relaxed. You can do what you want! I grew up in a small town in Ireland. I was trying to decide whether to do law or medicine and two sisters were junior doctors, working through the night. I thought: ‘That looks hard – I’ll become a lawyer!’ Some irony there.
Continue reading “Life during Law: Aedamar Comiskey, Linklaters”
The big four Magic Circle firms have posted their strongest performance in this year’s Legal Business 100 (LB100) since the recession, despite a subdued market overall. Although average revenue for the top 25 is down 3% to £622m, the combined revenue of Freshfields Bruckhaus Deringer, Linklaters, Clifford Chance and Allen & Overy (A&O) stands at £5.33bn, up 4% on last year, while average profit per equity partner (PEP) jumped 5% to £1.33m.
A&O managing partner Andrew Ballheimer said: ‘The year has seen mixed markets around the world. In that context these are another set of solid results which highlight our people’s ability to spot opportunities for growth.’
