Issues

money
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Bird & Bird projects 5 per cent revenue rise at half-year

Bird & Bird has projected revenue growth of five per cent for the first six months of the current financial year. The percentage rise is calculated in euros, the firm’s reporting currency, and mirrors its year-end financial results for 2012/13, when turnover rose 6 per cent from £235m to £249m. Calculated in sterling, half-year revenue […]

Conyers provides British Virgin Islands advice to Atlantis on syndicated loan

Conyers Dill & Pearman has provided BVI advice to Atlantis The Palm and Atlantis The Palm Holding Company on an $880m (£540m) syndicated loan. Banks involved in providing the loan include Barclays, HSBC, Abu Dhabi Commercial Bank, National Bank of Abu Dhabi, Commercial Bank of Dubai, Union National Bank and Emirates NBD. Audrey Robertson and […]

Eversheds advises on the relocation of Microsoft Deutschland HQ

Eversheds in Germany has advised Microsoft Deutschland on the relocation of its headquarters from Unterschleißheim to Munich, Parkstadt Schwabing. Construction work on the 26,000m2 site at Parkstadt Schwabing will begin in 2014 and the corporation’s 1,800 employees are due to move into the new building in summer 2016.  The new headquarters will offer modern working conditions and […]

Shared UK parental leave will need careful management, says Williams of Eversheds

Audrey Williams, partner at Eversheds, has said that shared parental leave will require careful management by employers and employees. Williams said that there had been mixed reaction to the government’s announcement on shared parental leave, with some business representatives raising concerns about the complexity of the proposals. She said: ‘The ability for parents to share […]

Allen & Overy advises Nationwide Building Society on core capital deferred shares

Allen & Overy has advised Nationwide Building Society on the creation and inaugural issuance of £500m core capital deferred shares (CCDSs), a mutual-friendly capital-raising instrument designed to meet the requirements of UK and European authorities under the new regulatory capital regime. The issuance was significantly oversubscribed. The managers were Bank of America Merrill Lynch, Barclays, […]

Six Conyers lawyers feature in International Who’s Who of Aviation Lawyers

In the recently released edition of The International Who’s Who of Aviation Lawyers, Who’s Who Legal has recognised six Conyers lawyers as leaders in the field. The Bermuda office’s Julie McLean, Jason Piney and Stephen Rossiter were listed along with Audrey Robertson from the British Virgin Islands office and Matthew Stocker and Olivaire Watler from the […]

Herbert Smith

HSF partners face imminent vote on pay structure

Herbert Smith Freehills’ (HSF) partners are set to green light an aligned remuneration system by the end of December, ending months of discussions over a combined structure. Insiders have told The Lawyer that a final partner vote is due to take place “before Christmas” with the new structure – on track to be a hybrid of […]

Sydney

Pinsent Masons eyes Australia launch

Pinsent Masons has appointed Maddocks chief executive David Rennick to lead a review of growth opportunities in Australia. As a partner and board member at Maddocks Rennick has taken a lead role in the growth and development of the firm in Melbourne and Sydney. He will join Pinsents as a consultant in the new year. […]

ladder
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Herbert Smith Freehills: Remuneration deliberation

As Herbert Smith Freehills gears up for a vote on its combined remuneration structure senior reporter Lucy Burton looks at the numbers behind the merger Legal market anoraks are eager to hear what Herbert Smith Freehills’ (HSF) aligned remuneration structure will be. While the firm is unsurprisingly keeping mum, the vote is imminent and the […]