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.
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.
Transport for London (TfL) is in the process of shortlisting firms for its new legal services framework, as the current roster enters the last year of its existing line-up. The government body is reviewing submissions from firms to draw up a shortlist of bidders to be invited to tender. The successful firms are expected to …
Continue reading “Transport for London plans journey with new roster of legal advisers”
Davis Polk has hired an A&O Shearman corporate real estate partner in London, while Milbank and Kirkland pick off talent from Latham.
DAC Beachcroft has announced today (14 August) its tenth consecutive year of revenue growth, with a total turnover of £326.5m, reflecting a 9% increase from last year’s £300m.
Sidley Austin has hired five sponsor-side leveraged finance partners from Latham & Watkins in London, led by Jayanthi Sadanandan and Sam Hamilton.
The FCA has rolled out its listing rules reforms in a move that aims to reinvigorate the UK’s ailing capital markets. But will the changes be enough to make up for more than a decade of sluggish performance?
Pinsent Masons has reported a 7.2% increase in turnover to almost £650m, marking another successful year of revenue growth for the international firm. Revenue hit £649.6m, up from £605.9m last year, although growth was slower than last year, when the firm posted a 14% hike. Meanwhile, profit per equity partner (PEP) dipped very slightly to …
Continue reading “Pinsents and TLT post revenue growth as results season continues”
Irwin Mitchell has broken through the £300m mark for the first time, with revenues rising 10% on the back of a series of acquisitions and expansion. For the year ending 30 April, the firm posted record revenues of £304.3m, up on last year’s £276m. Group profit before tax also rose significantly, reaching £21.7m, up 45% from £15m last …
In another boost for Paul Hastings’ London office, the US firm has recruited structured finance specialist Brian Maher as a partner from Weil Gotshal & Manges. Maher, who is a Legal 500 leading individual for securitisation, will be accompanied by counsel Sophie Bainbridge and associate Emily Firmston.
