Revolving Doors: Double loss for Cravath as Freshfields strengthens US presence

Leading the high-profile moves this week, Baker McKenzie has welcomed partner Eric Schwartzman to head up its private equity practice in California, joining from Latham & Watkins. With 25 years’ experience, Schwartzman specialises in advising private equity sponsors and companies on corporate matters, including M&A, recapitalisations, restructurings, and joint ventures across various industries.

Sponsored briefing: The lateral partner hiring landscape for 2024

I have been working with law firms advising on strategic lateral partner hires for more than 20 years, and trying to predict what the market is going to do is not only challenging but futile, as the market often does exactly the opposite of what everyone thinks it is going to do. Law firm growth …

Revolving doors: Restructuring veteran Ereira leaves Paul Hastings for Quinn as firms build up funds practices

Quinn Emanuel made a significant move in London this week, hiring restructuring veteran David Ereira from Paul Hastings. In the Legal 500 Hall of Fame for corporate restructuring and insolvency, Ereira has a wealth of experience advising clients from governments to debtors, creditors, and investors on a wide range of insolvency and restructuring issues. Ereira’s …

From wellness amenities to stranded assets: leading real estate partners give their 2024 predictions

Following a year of high interest rates, geopolitical uncertainty and inflation, the real estate sector would be forgiven for feeling a little worse for wear. However, when LB caught up with some of the industry’s leading partners, their outlook for 2024 was more positive than might be expected. While investment in traditional real estate transactions …

Sponsored Q&A: PwC

1. What are the key regulatory bodies overseeing the banking and finance sector in Poland, and what is their role in ensuring compliance with financial laws and regulations? The main supervisory body in Poland is the Polish Financial Supervisory Authority (‘Komisja Nadzoru Finansowego’ or ‘KNF’). KNF supervises the banking, capital, insurance and pension sectors, payment …

‘A timely reminder’: SDT issues joint highest-ever fine in anti-money laundering crackdown

The Solicitors Disciplinary Tribunal has fined Clyde & Co £500,000 and former partner Edward Mills-Webb £11,900 following a slew of anti-money laundering breaches. At a hearing that took place last week (9-11 January), the SDT considered a statement of facts and admissions agreed by the parties, ultimately finding all allegations to be proved. The SDT …

Dealwatch: Global 100 advisers take centre stage on BlackRock-GIP $12.5bn mega deal

Skadden, Fried Frank, Kirkland and Debevoise have all taken lead advisory roles as BlackRock announced on Friday (12 January) that it will buy Global Infrastructure Partners (GIP) for an eye-watering $12.5bn. The transaction will give BlackRock a total of $150bn in infrastructure assets, rocketing it to the top tier of infra funds. The transaction sees …

If you build it – firms put together infra dream teams as market booms

If there was any doubt remaining that infrastructure is a hot asset right now, BlackRock just eradicated it with its market-moving $12.5bn acquisition of Global Infrastructure Partners (GIP). The combined business will have infrastructure assets under management of more than $150bn worldwide, including London’s Gatwick Airport. The planned transaction is the latest evidence of the …

Reasons to be cheerful: the hustle is back for 2024

Whether it is the prospect of another few weeks still left of winter, many law firm leaders seem to have started the year under an uncharacteristic cloud of despondency. Of course, it doesn’t take a genius to work out the other reasons why even the peppiest of senior partners might appear noticeably dispirited. The US …