Paul Weiss builds City restructuring bench with ex-Kirkland hire
Paul Weiss has added another partner to its City restructuring practice with the hire of former Kirkland & Ellis partner Kai Zeng.
‘An ambitious goal, but attainable’: Taylor Wessing’s Gleghorn on aiming for €1bn
Following his initial appointment as Taylor Wessing’s firmwide managing partner in 2018, and his reappointment in 2021, Shane Gleghorn has been re-elected for another three-year term, starting from October.
‘Do not wait until creditors are banging down the door’ – why preparation is key as restructurings pick up
Restructuring partners have been predicting a surge in corporate restructurings and insolvencies for years. But despite Covid, conflict and rising inflation the boom in such work has yet to materialise to any significant level.
The AI debate: ‘If it frees up my time to be more strategic and more creative, then that’s great’
Cameron Purse: Talk us through your professional journeys with AI, and generative AI in particular. When did it become a tangible part of your working lives?
Labour and employment: what the new government means for workers’ rights
After 14 years of Conservative rule, the Labour Party swept into power on 4 July 2024, setting the stage for transformative changes in UK employment law. Labour’s Plan to Make Work Pay promises a bold agenda of reforms aimed at boosting worker protection, ensuring fair pay, and modernising workplace practices. These sweeping changes will have …
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‘There is total support for getting this done’ – funders and litigators react to King’s Speech litigation funding snub
The King’s Speech this July included an ambitious total of 40 bills – but there was no mention of the litigation funding bill that the last government introduced in March. Now, the government has confirmed that it will not legislate to overturn the effects of the Supreme Court’s July 2023 PACCAR decision, which prohibited litigation funding agreements …
Paul Weiss continues to add Kirkland alumni in London as TDR GC Holdsworth joins
Paul Weiss has continued its rapid London expansion with the hire of TDR Capital general counsel David Holdsworth, who is returning to private practice after less than two years at the private equity house He is set to join as a partner in the US firm’s London private equity group, bringing the firm’s London partner …
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‘There are not many cases like this’ – the lawyers in Olympic boxer Imane Khelif’s corner
Algerian boxer Imane Khelif made headlines around the world when her Olympic bout against Italy’s Angela Carini ended after just 46 seconds, prompting a heated public debate about gender and eligibility in women’s boxing. Khelif had been permitted to fight at the Olympics despite being disqualified from the IBA Women’s World Boxing Championships in March …
Dealwatch: US elite tuck into $36bn Mars-Pringles snackquisition
Five elite US law firms have helped to push through the biggest M&A deal of the year so far – the $36bn acquisition of Pringles and Pop Tarts maker Kellanova by Mars. The all-cash offer values Kellanova at $83.50 per share – a premium of around 33% to its 52-week high as of 2 August.
‘Evolution not revolution’: CMS and Addleshaw Goddard post revenue growth as results season continues
CMS has reported a 5% uptick in global revenue from last year’s €1.862bn to €1.957bn in its most recent set of financial results, with PEP down 4% on last year’s estimated £771,000 to £741,559. Despite continued financial growth, this year marks a further deceleration after revenue growth slowed from 18% in 2021-22 to 6% last year.