Rumbling on – Barclays’ profits plunge after £750m Forex provision
The fallout from the Forex rigging scandal continues to rumble on with Barclays this week being the latest in a…
Financial services
A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses
US banks have started to announce their results for Q4 2014, revealing a large hit to balance sheets from legal…
Guest post: Christmas comes early – SFO scores 1st Bribery Act convictions
The SFO has successfully prosecuted its first series of Bribery Act convictions. On Friday the SFO reported that ‘Gary Lloyd…
Q&A: A&O capital markets co-heads talk innovative solutions and sharing leadership
Six months on from being elected co-heads of Allen & Overy’s (A&O) capital markets global team, David Benton and Simon Hill…
The king is dead – hunting out the new breed of dealmakers in banking lawyers sights
The veteran deal bankers have moved on and there’s a new pecking order with US banks and credit funds staking…
Guest post: If your anti-bribery policy is more than three pages, it probably won’t work
Three years ago Bribery Inc. went mad. Every law firm, accounting firm and uncle Tom Cobley and all got into…
‘Ahead of the curve’: Allen & Overy and Clifford Chance act on UK government’s landmark renminbi bond issue
Magic Circle firms Allen & Overy (A&O) and Clifford Chance have advised on the UK’s renminbi debut bond issue, the…
The $50m question – will Akin Gump’s record-breaking City acquisition pay off?
There was a rushed engagement before the union and there is unlikely to be a long honeymoon for the 26…
Offshore firms join in as Cleary and Clifford Chance lead on Rusal’s $5.15bn debt restructuring
Cleary Gottlieb Steen & Hamilton and Clifford Chance picked up the lead roles along with a raft of offshore firms as…
Financial mis-selling in Ireland and the importance of knowing the consumer
MARKET VIEW – LITIGATION John O’Riordan of Dillon Eustace explains what advisers should bear in mind There has been a…
Ropes & Gray loses high yield partner Bloom as Jones Day builds capital markets practice
High-yield expert Jonathan Bloom has quit Ropes & Gray after five years to join rival US firm Jones Day’s London…
‘A true asset’: Travers Smith private equity star Phil Sanderson set to join Ropes & Gray
City firm Travers Smith has lost heavyweight private equity partner Phil Sanderson who is set to join US firm Ropes…
Sidley Austin and Linklaters lead on Bank of Cyprus €1bn capital raise
The London teams of both US firm Sidley Austin and Magic Circle firm Linklaters have scored heavyweight roles advising on…
Taylor Wessing and Macfarlanes advise on £350m RBS credit facility deal
Anglo-German firm Taylor Wessing and City-firm Macfarlanes have both landed leading roles on a major refinancing deal as the real…
Weil Gotshal heads H1 global private equity table as DLA Piper enters top 20
Weil Gotshal & Manges has come out on top of the latest H1 private equity league tables in a top 20…
Guest post: Good news for the SFO in Innospec – jury convicts former CEO and sales director
Dennis Kerrison and Miltiades Papachristos were found guilty [on Wednesday 18 June] at Southwark Crown Court of conspiracy to commit…
Back in the machine: A&O strengthens high yield practice with Cahill Gordon hire
With competition between US and UK firms for dominance in key European finance markets intensifying each month, Allen & Overy…
Whose money making machine? Not all law firms will be richer in a bank-lite world
Cov-lite, cov-loose and even now cov-lame – in some pockets of the finance market we are back to the boom…
Back in the machine – opportunity and threats amid much-changed debt markets
After years in the post-Lehman doldrums, the finance markets are springing back to life. Legal Business assesses the forces powering…
Further BLP banking departures as real estate finance duo set to join Hogan Lovells
Berwin Leighton Paisner (BLP) has lost another two City banking partners, with real estate finance duo Andrew Flemming and Jo Solomon…