Last week Brodies announced its fifth consecutive year of growth with turnover increasing 11 per cent to £57.9m and profit up 14 per cent to £27.1m, but despite these positive results the firm’s costs also soared. Last year the firm’s costs increased by 8.8 per cent, from £28.4m in 2013/14 to £30.9m (27 July 2015). […]
Hogan Lovells and Shearman & Sterling have advised on the €2.8bn (£2bn) sale of Nokia’s digital mapping services business to Audi, BMW and Daimler. Shearman & Sterling advised Nokia, with a team led by New York partners Scott Petepiece and George Casey. They were supported by Frankfurt partner Andreas Löhdefink, as well as fellow US […]
Simmons & Simmons is set to close its office in Rome and move all of its Italian operations to its office in Milan. The firm said it was fully committed to the Italian market through its Milan office, and that the decision to close its base in Rome came after a detailed review. Senior partner […]
Cartwright King client Tom Hayes has been found guilty in Southwark Crown Court of rigging global Libor interest rates. The former UBS and Citigroup trader was the first individual to face trial for manipulating the rate, and could now face a possible 80-year sentence after being found guilty on all eight charges of conspiracy to […]
All the latest partner hires and other appointments within firms and offices in the Asia Pacific region. Australia DLA Piper has hired Corrs Chambers Westgarth corporate partner David Hallam as a partner in Melbourne. Hallam has advised a wide range of clients on M&A and other commercial transactions across Asia Pacific region, including China. His […]
Weil Gotshal & Manges finance partner Rupert Wall has left the firm for Sidley Austin, while Weil associate Chris McGarry has also departed for Ropes & Gray. Wall became a partner in Weil Gotshal’s London structured finance office in 2012, having been at the firm since 2004. Since then he has led the structuring and […]
Last week saw the conclusion of one of the largest pharma M&A transactions of 2015, as Latham & Watkins and Sullivan & Cromwell worked on Teva Pharmaceutical Industries’s acquisition of Allergan for $40.5bn (£26bn) . As a result, Teva withdrew its proposal to acquire Dutch-registered Mylan for $43bn . This means Mylan can press ahead […]
The Fairpoint Group has acquired personal injury specialist firm Colemans-CTTS for £9m, strengthening its legal services arm after buying Simpson Millar last year. Fairpoint has agreed to pay £8m in cash for Colemans and a further £1m through the issuance of 755,516 shares valued at 132p. The deal also involves an earn-out consideration valued at […]
The Prague office of Schoenherr has named three new partners. As of 1 August 2015, Vladimír Čížek, Zoltán Pálinkás and Gabriela Porupková will be promoted to local partners of the firm’s office in the Czech capital. Vladimír Čížek has been with Schoenherr since 2013 and has more than eight years of experience as a practitioner, […]
Christodoulos G Vassiliades & Co has announced that its affiliated office in Malta – Vassiliades & Co (Malta) Ltd – has now been fully authorised pursuant to Article 43 of the Trusts and Trustee Act ( Cap.331 of the Laws of Malta) to provide fiduciary services to its clients. Additionally, it is able to act as director […]
Dr Dotan Baruch, partner and head of the internet department at Barnea & Co, has represented gambling company Stride Gaming plc in its acquisition of the entire issued share capital of InfiApps Ltd. Stride Gaming plc, which is listed on AIM, acquired the entire issued share capital of InfiApps Limited, a profitable Israeli internationally-focused mobile social gaming company. […]
Shoosmiths has advised venture capital firm MMC Ventures on its £2.5m investment in online floristry business, Bloom & Wild, in a Series A funding round. MMC – a venture capital firm that has been backing early-stage, high-growth companies since 2000 – joins existing angel investors including Catamaran Ventures and Samos who also participated in the […]