Dentons continues to build its City offering through lateral recruitment, confirming the hire of Clifford Chance (CC) senior capital markets partner Peter Voisey (pictured) in a bid to capture greater market share.
Continue reading “Magic Circle play: Dentons hires Clifford Chance veteran Voisey”
Several London-headquartered law firms, including the entire Magic Circle, have won places on JPMorgan Chase’s panel for Europe, the Middle East and Africa (EMEA) following a review.
CMS, Eversheds and NRF also picked as Ashurst, Simmons and HSF miss out
Several London-headquartered law firms, including the entire Magic Circle, have won places on JPMorgan Chase’s panel for Europe, the Middle East and Africa (EMEA) following a review.
Clifford Chance, Allen & Overy (A&O), Linklaters and King & Wood Mallesons (KWM) are advising on Clydesdale and Yorkshire Bank’s proposed initial public offering (IPO) as its owner National Australia Bank (NAB) announced a cut-price share offer ahead of the float – a move which could impact other IPOs in the market.
In a record year for global M&A, US firm Skadden, Arps, Slate, Meagher & Flom and Magic Circle firm Freshfields Bruckhaus Deringer were the top performers in the US and Europe respectively, according to Dealogic’s 2015 league tables.
Linklaters, Slaughter and May, Allen & Overy (A&O) and Hogan Lovells landed major roles in November advising on the government’s record-breaking £13bn sale of former Northern Rock mortgages, acquired during the financial crisis.
In what was the largest-ever financial asset sale by a government in Europe, the mortgages originally owned by Northern Rock were sold by the Treasury-owned UK Asset Resolution (UKAR) – set up to look after the mortgages nationalised when Northern Rock and Bradford & Bingley ran into difficulty in 2008 – to Cerberus Capital Management.
Continue reading “City firms line up on £13bn sale of Northern Rock mortgages”
The Magic Circle has so far been able to hold off the advance of US firms in project finance, but how are teams faring in a market hit by European austerity and falling commodities prices?
‘Do not go where the path may lead, go instead where there is no path and leave a trail.’
Ralph Waldo Emerson
Continue reading “Price of debt – austerity and the plight of a project finance partner”
Allen & Overy and Freshfields Bruckhaus Deringer are among a handful of UK firms to win spots on The Chinese Ministry of Commerce’s (Mofcom) new legal panel.
Continue reading “Magic Circle firms join Chinese Ministry of Commerce’s bulked up legal panel”
If there is one big trend in the analysis of Legal Business in recent years it is the encroaching existential threat represented by US-bred law firms.
If there is one big trend in the analysis of Legal Business in recent years it is the encroaching existential threat represented by US-bred law firms. That could be termed ludicrous simplification given the differences between individual law firms both US and homegrown but in many respects it remains a generalisation that speaks to profound transatlantic differences in approach covering the majority of the world’s largest law firms. There is a US model built on individualism, intense focus on profitability and higher pay for stars, and a resistance to bureaucracy. In contrast the UK’s brand of internationalism, backed by a far more institutionalised approach, had been startlingly successful until the banking crisis flipped the market.
Since then, pretty much everything has been flowing in the direction of US firms, which obviously have the huge advantage of feasting on the world’s largest legal market and biggest economy. The key issue – as highlighted in this month’s Global London debate – is that while US firms have shown some ability to appropriate elements of the UK approach to strengthen their global advance, London firms are doing their US rivals the huge service of not returning the favour.
