With Pets at Home and Poundland having only days ago made their London Stock Exchange debut, Just Eat yesterday (17 March) announced its intention to float, gifting Herbert Smith Freehills (HSF) and Linklaters with a high profile corporate mandate valued at between £700m to £900m. Continue reading “IPO Fever: Just Eat float gifts Herbert Smith Freehills and Linklaters with £700m listing”
Oil and gas: Slaughters, Linklaters and Hengeler act on €5.1bn sale of RWE Dea
With large deals in the oil and gas sector still often struggling to get away, RWE’s €5.1bn sale of its upstream oil and gas business RWE Dea to Russian billionaires Mikhail Fridman and German Khan has gifted Slaughter and May, Hengeler Mueller and Linklaters with major corporate mandates, as the deal is already touted to be one of the most significant of the year. Continue reading “Oil and gas: Slaughters, Linklaters and Hengeler act on €5.1bn sale of RWE Dea”
Comment: The road to equity – a difficult journey, an uncertain destination
The legal profession is going through a period of dramatic and profound change, and the forces driving these changes are having far-reaching consequences on the industry. The roles and responsibilities of the equity partner are not immune from these forces, and are evolving and expanding in response. For many this is creating great ambiguity, while others are seizing the opportunity. Continue reading “Comment: The road to equity – a difficult journey, an uncertain destination”
Asia moves: Hires for BLP, Milbank and Rajah & Tann as Harneys launches in Singapore
Ever active, the legal market in Asia has seen a number of high profile hires and losses over the past week, including Norton Rose Fulbright asset finance partner Nigel Ward’s move to Berwin Leighton Paisner (BLP), Milbank, Tweed, Hadley and McCloy’s hire in Singapore of Stephenson Harwood’s global head of aviation Paul Ng, and offshore firm Harneys Westwood & Riegels expansion into Singapore. Continue reading “Asia moves: Hires for BLP, Milbank and Rajah & Tann as Harneys launches in Singapore”
Revolving Doors: Capsticks hires BBC’s head of competition as Field Fisher, Kennedys and TLT bring in laterals
After a week that saw Field Fisher Waterhouse (FFW), Kennedys and TLT all make significant hires into their City bases, one of more unusual hires of the past few days was leading healthcare firm Capsticks’ recruitment of the BBC legal department’s head of competition and regulatory team, Noel Watson-Doig. Continue reading “Revolving Doors: Capsticks hires BBC’s head of competition as Field Fisher, Kennedys and TLT bring in laterals”
In-house: Virgin Media completes leadership reshuffle with new general counsel as Weight Watchers unveils its new GC
Home entertainment company Virgin Media has completed the overhaul of its executive following its £15bn acquisition by Liberty Global in 2013, announcing Mine Hifzi as its general counsel today (17 March).
Addleshaws begins management elections as Devitt stands down early
Addleshaw Goddard has started the week with news that managing partner Paul Devitt is to step down early, while partners are up in arms over miscalculated partner profit points and it has resigned itself to losing out on recovering a signifcant success fee.
The top 25 LB100 firm confirmed this morning (17 March) that Devitt is to stand down a year before his tenure is due to end on 30 April 2015, kick-starting an election process to ‘coincide with the next iteration’ of the firm’s strategy.
Continue reading “Addleshaws begins management elections as Devitt stands down early”
Scottish union – Berrymans Lace Mawer ties up with HBM Sayers
The toll of top UK law firms opening in Scotland increased today (17 March) with the announcement that Berrymans Lace Mawer and HBM Sayers are combining to create a £100m risk and insurance-focused firm with 170 partners. Continue reading “Scottish union – Berrymans Lace Mawer ties up with HBM Sayers”
DLA and Weil lead on Vodafone’s €7.2bn acquisition of Grupo Corporativo Ono
Vodafone has turned to DLA Piper for its latest major M&A deal: the €7.2bn acquisition of Grupo Corporativo Ono, with Weil, Gotshal & Manges leading for the Spanish cable company’s principal shareholders. Continue reading “DLA and Weil lead on Vodafone’s €7.2bn acquisition of Grupo Corporativo Ono”
You win some you lose some: Skadden’s client bows out of $1.7bn Amcol bidding war as $1bn Chiquita/Fyffes merger goes through
The month-long bidding war between French minerals company Imerys and New York’s Mineral Technologies (MT) for Amcol International this week saw Skadden, Arps, Slate, Meagher & Flom lose out to Cravath, Swaine & Moore as MT’s $1.7bn offer saw its competitor finally bow out of the frame. Although of significant consolation to the top five Global 100 firm is its second billion dollar deal of the week: the merger of client Chiquita with its rival, world renowned banana brand Fyffes. Continue reading “You win some you lose some: Skadden’s client bows out of $1.7bn Amcol bidding war as $1bn Chiquita/Fyffes merger goes through”
Law Society CEO Des Hudson announces summer retirement following calls for resignation
Law Society chief executive Des Hudson has today (14 March) announced he is retiring in July after the society’s annual general meeting, just days after members of the profession called for both Hudson and current Law Society president Nicholas Fluck to resign.
Hudson joined the Law Society as chief executive in September 2006. He has led numerous high-profile campaigns, including the introduction of initiatives such as the Law Society’s conveyancing quality scheme; risk and compliance service; and the wills and inheritance quality scheme. Continue reading “Law Society CEO Des Hudson announces summer retirement following calls for resignation”
Russian leader Egorov Puginsky hires managing partner and nine lawyer capital markets team from rival Liniya Prava
Leading Russian firm Egorov Puginsky Afanasiev & Partners has hired the managing partner and co-founder of rival Moscow firm Liniya Prava, who joins alongside a nine-lawyer capital markets team. Continue reading “Russian leader Egorov Puginsky hires managing partner and nine lawyer capital markets team from rival Liniya Prava”
Berlin office closure for King & Wood following partner departures and ‘strategic review’
Following signifcant movement within the German arms of major international firms of late, King & Wood Mallesons SJ Berwin (KWMSJB) has pointed to a strategic review of its German operations for the decision to close its Berlin office, after venture capital duo Frank Vogel and Jan Dirk Heerma resigned with the intention to set up their own boutique. Continue reading “Berlin office closure for King & Wood following partner departures and ‘strategic review’”
Freshfields arbitration practice sees more exits as trio set up boutique in Germany
Disputes partner Christian Borris is leaving Freshfields Bruckhaus Deringer‘s Cologne office at the end of April to set up a local arbitration boutique.
His former two associates, Rudolph Hennecke who left the firm a month ago, and Sebastian Kneisel who relocated from its Cologne office to Frankfurt last year, will be joining Borris as partners to set up the new practice, Borris Hennecke Kneisel, which will launch on 1 May. Continue reading “Freshfields arbitration practice sees more exits as trio set up boutique in Germany”
In-house moves: QBE Insurance Group appoints new group general counsel
Rated as one of the world’s top 20 insurance and reinsurance companies, ASX-listed business underwriters QBE Insurance Group have appointed the group general counsel (GC) and company secretary of Australian supermarket Woolworths, Peter Horton, to join in the same role. Continue reading “In-house moves: QBE Insurance Group appoints new group general counsel”
Asia network: BLP ties-up with Legal Network Consultants in Myanmar
With energy and infrastructure deals at the forefront of its game plan, UK top 20 firm Berwin Leighton Paisner (BLP) has joined a growing number of international firms establishing a foothold in Myanmar, via a non-exclusive tie-up with domestic outfit Legal Network Consultants (LNC). Continue reading “Asia network: BLP ties-up with Legal Network Consultants in Myanmar”
High Court orders Withers to pay £1.6m over professional negligence claim
Leading private client firm Withers has this week been ordered by the High Court to pay £1.6m in damages after the court upheld a professional negligence claim alleging the misdrafting of a limited liability partnership agreement.
Continue reading “High Court orders Withers to pay £1.6m over professional negligence claim”
Numbers game – Freshfields awards 15 partner promotions across Europe, Tokyo and New York
In the latest round of partnership promotions, Freshfields Bruckhaus Deringer has made up 15 new partners to its ranks. While that figure does not represent a return to 2011 and 2012 levels, when 20 partners were made up, it is a slight increase on last year, when the number fell to 14. Continue reading “Numbers game – Freshfields awards 15 partner promotions across Europe, Tokyo and New York”
Diversity – Herbert Smith Freehills commits to 30% female partners by 2019
Set against a backdrop of initiatives including the 30% Club’s drive to improve senior female representation on UK boards, Herbert Smith Freehills (HSF) has announced today (13 March) that by 2019 women will make up 30% of its partnership. Continue reading “Diversity – Herbert Smith Freehills commits to 30% female partners by 2019”
Guest post: Lessons in recruitment from Google
Loyal readers of Adam Smith, Esq. know that we think there’s much that can be learned for Law Land from other industries.
Today’s column is in that vein, and our texts for today come from The New York Times and Above the Law.
Continue reading “Guest post: Lessons in recruitment from Google”