Slaughter and May, Allen & Overy (A&O), Clifford Chance (CC) have all picked up advisory roles in the UK government’s £11.8bn sale of buy-to-let mortgages from failed lender Bradford & Bingley. Continue reading “A&O and CC take spots as Bradford & Bingley loans sold by Slaughters Treasury client”
Simpson, Thacher & Bartlett and Latham & Watkins have taken lead roles as Aston Martin has launched a new high-yield bond for £530m equivalent, as the car manufacturer moves to expand its range of vehicles in order to boost profitability. Continue reading “Simpson and Latham in the driver’s seat as Aston Martin launches £530m two-part high-yield bond”
After losing a number of finance partners in the last 12 months, Ashurst has made moves to re-strengthen its City offering and is developing a European high-yield offering for the first time. Continue reading “‘It has been an obstacle’: Ashurst launches European high-yield practice”
What are we to make of the most aggressive raid between top ten City firms since Allen & Overy helped itself to the bulk of Norton Rose’s leveraged finance team back in 2002? In some ways, news this month that Freshfields Bruckhaus Deringer is to ship in a productive five-partner buyout group from Ashurst seems even more notable. Continue reading “Comment: Hot private equity money is remaking Europe’s legal market”
Australian-listed law firm Slater and Gordon has sold off 94% of its loans to a consortium of investors to restructure the business. Continue reading “Slater and Gordon set for debt for equity swap as banks sell off 94% of loan book”
Freshfields Bruckhaus Deringer‘s aviation finance team is to depart for Holland & Knight following the exit of London’s sole aviation finance partner Rob Murphy. Continue reading “Freshfields loses City aviation finance team as exits continue”
Herbert Smith Freehills (HSF), White & Case and Pinsent Masons have picked up mandates advising on the establishment of the first new clearing bank to be approved on the UK market in 250 years. Continue reading “Making history: HSF, White & Case and Pinsents advise on the first new UK clearing bank in 250 years”
Raconteur, rainmaker and serial legal entrepreneur Maurice Allen is to phase out his ongoing role with Ropes & Gray to focus on his new post at DLA Piper, after admitting it was ‘difficult’ to work for both firms as a consultant.
Victoria Young and Madeleine Farman talk to new heads on the US, high yield and China.
While in recent years Allen & Overy (A&O) has been probably the most confident of the City’s leading banking shops, it remains a fast-evolving world for even the most potent of banking teams. Since the market turned in 2008, Magic Circle firms have faced tight margins and the increasingly ominous incursion of US-dominated finance products in Europe’s credit markets. Continue reading “The Finance View – A&O’s new practice chiefs on repositioning the City’s top finance shop”
Legal Business discusses working in a US firm and predictions for the market with Ropes & Gray‘s star private equity partner Phil Sanderson. Continue reading “Q&A: Ropes’ private equity player Phil Sanderson on US firms, Travers Smith and Maurice Allen”
