Jones Day has become the latest US firm to announce its partner promotion round with 4% of the 47-strong round making the ranks in London.
Continue reading “US partner promotions: Jones Day makes up two in London from 47-strong round”
US partner promotions: Quinn Emanuel makes up one in London in global round of nine
Quinn Emanuel Urquhart & Sullivan has promoted one partner in the City in a global promotions round which saw the firm elect nine new partners globally in locations including New York, Washington and Hong Kong.
US bonus season: Skadden ups the ante with bonus as Simpson Thacher, Paul Weiss and others match Cravath associate pay
Wall Street’s top firms have announced their bonuses for associates, with many matching the levels of Cravath, Swaine & Moore, which became the first US firm to set the benchmark for US associate bonuses this year.
Cravath kicks off bonus season with associates in line for up to $100,000
Cravath Swaine & Moore has set the benchmark for US associate bonuses becoming the first major law firm to announce its end-of-year awards.
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‘Do what we think is right’: Eversheds continues search for US deal as Foley & Lardner ends merger discussions
Eversheds will continue to search for a US deal after the firm’s top target, Milwaukee-based Foley & Lardner, ended merger discussions last month via a leaked internal memo.
In the memo, Foley chair and chief executive Jay Rothman said that while there had been preliminary conversations around exploring a more formal affiliation between the two firms, ‘no decision was ever made by Foley to pursue such an affiliation’.
Price of debt – austerity and the plight of a project finance partner
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”
Revolving doors: National, boutique and US firms all make key hires
Recently floated Birmingham-based firm Gateley has turned to recently merged Midlands rival Shakespeare Martineau for its latest lateral hire, taking partner Catriona Attride to head its national private client team. Attride had led Shakespeare Martineau’s national private client team for four years.
Continue reading “Revolving doors: National, boutique and US firms all make key hires”
Making history: US elite lines up to advise on Pfizer takeover of Allergan
In what has been reported as the largest pharmaceutical deal in history, four of the biggest Wall Street players have advised on Viagra-owner Pfizer’s agreed $160bn takeover of Botox-maker Allergan.
Continue reading “Making history: US elite lines up to advise on Pfizer takeover of Allergan”
‘Not interested’: Eversheds’ lead US suitor Foley calls time on merger talks
Milwaukee-based Foley & Lardner has ended merger discussions with Eversheds, just over a week after reports Eversheds had identified the US firm as the primary candidate for a tie-up.
Continue reading “‘Not interested’: Eversheds’ lead US suitor Foley calls time on merger talks”
News in brief – November 2015
SLAUGHTER AND MAY WIPES £600M OFF BA SUIT
Litigators at Slaughter and May have successfully struck out around £600m from a claim against client British Airways. The airline is one of several airlines facing a cartel damages action from flower importer Emerald Supplies and 564 other shippers. In October the Court of Appeal disagreed with Justice Peter Smith’s decision to adjourn a strike-out application against the economic tort claims and reduced the £1bn claim to £400m.