Slaughter and May, its best friend Uria Menendez and Cleary Gottlieb Steen & Hamilton have won roles advising on Santander’s buy back of its asset management business from private equity groups Warburg Pincus and General Atlantic. Continue reading “Repeat business: Slaughters and Spanish best friend act as Santander buys back its asset management arm”
Double hire for Dechert as White & Case PE player Allardice exits with K&E finance partner
Dechert has strengthened its private equity and finance practices hiring White & Case‘s Ross Allardice and Kirkland & Ellis partner John Markland to boost its presence in the City. Continue reading “Double hire for Dechert as White & Case PE player Allardice exits with K&E finance partner”
Bank of Ireland GC latest to head to Santander UK
Bank of Ireland’s general counsel John Bennett has departed after three years in the role for Santander UK, where he will serve as chief operating officer and senior counsel for legal and regulatory. Continue reading “Bank of Ireland GC latest to head to Santander UK”
Freshfields acts for the BBC in battle over presenters tax payments
Freshfields Bruckhaus Deringer has advised the BBC ahead of an investigation into the employment status and tax avoidance claims against 100 current and former employees. Continue reading “Freshfields acts for the BBC in battle over presenters tax payments”
Law Society weighs in on Senior Managers Regime, warns of conflict risk to in-house privilege
Already a contentious issue among financial companies pledging to tackle poor working cultures, the Senior Managers Regime, which holds executives responsible for failings in financial institutions, could pose a risk of conflict to in-house lawyers, their employers and legal professional privilege, warns the Law Society.
Ashurst suffers further exits as Abu Dhabi head departs and A&O takes two Asia finance partners
The exits continue at Ashurst as the firm’s Abu Dhabi head has quit for a US firm while two Asia finance partners, including Ashurst’s Hong Kong managing partner have joined Allen & Overy (A&O).
Costs of capital – senior counsel discuss hard lessons from the post-Lehman clampdown
With regulatory focus on financial services business unrelenting, effective risk management strategies are vital. We teamed up with Cornerstone Research to assess the challenges
Nine years ago, the financial services world began undergoing seismic changes with the onset of the credit crunch that have left the industry where it is today. The aftermath led to repeated overhauls of regulation, to the extent that none are certain what the endgame might be, particularly with significant new regulation such as Basel IV being widely spoken of.
Client profile: Michael Shaw, The Royal Bank of Scotland
The veteran corporate lawyer on memorable moments in deal making and untangling himself from Barclays
‘It was ambition that made me decide to leave Barclays,’ declares self-confessed deal junkie Michael Shaw, who resigned from his role as the bank’s deputy general counsel (GC) in the summer of 2015.
Continue reading “Client profile: Michael Shaw, The Royal Bank of Scotland”
Revolving doors: Mishcon makes key City hire as K&L Gates boosts Fintech practice
Ahead of the expected summer slowdown, UK firms have made a spate of City hires, with Mishcon de Reya, K&L Gates and Excello Law all recruiting. Continue reading “Revolving doors: Mishcon makes key City hire as K&L Gates boosts Fintech practice”
The finance view: Bespoke and busy – no return to the cookie cutter but plenty of creative lawyering for City’s property finance teams
Victoria Young reviews the changing property finance landscape
Berwin Leighton Paisner (BLP) head of real estate finance Naveen Vijh surveys a much changed landscape: ‘We have a much more diverse client market now. It is important to know the whole of the market, its whole breadth.’