Allen & Overy (A&O) and South Square Chambers have won a High Court case for investors who own high-yield bonds worth £3.3bn in Lloyds Banking Group, who claimed that they were entitled to enhanced capital notes (ECN) in advance of their respective maturity dates. A&O partner Jonathan Hitchin instructed South Square’s Jeremy Goldring QC and […]
Wragge Lawrence Graham & Co’s intellectual property experts in Munich have worked with Ashurst LLP to advise Novacap Group on its acquisition of pharmaceutical company CU Chemie Uetikon (Uetikon) for an undisclosed sum. Ashurst instructed Dr Ina Gerstberger of Wragge Lawrence Graham & Co’s Munich office on the basis of her specialist knowledge relating to transactional and […]
Walker Morris has announced the promotion of four directors and seven associates across the firm. The four director promotions comprise: Catherine Raftery – finance commercial group Victoria Patterson – finance commercial group Graham Mackenzie – corporate group Tamsin Tinkler – pension team. There are two promotions within the firm’s finance commercial group. Catherine Raftery’s recent work […]
US firm Greenberg Traurig has hired two partners from magic circle firm Clifford Chance’s New York office. Ivan Presant and Joseph Cosentino join Greenberg Traurig as shareholders, specialising in M&A and private equity. The duo joined Clifford Chance together in 2012 and previously worked together as partners in Dewey & LeBoeuf’s M&A practice. This is […]
Taylor Wessing has posted an 8.2 per cent increase to £121m in the last financial year, with global revenue hitting £239.8m. The results follow a 7.4 per cent rise in UK turnover in 2013/14, to £112m (2 June 2014). The firm said global revenue had risen by 6 per cent “at constant exchange rates”, but […]
Ex-Tesco senior counsel Phil Warren has been named head of legal at Vodafone and Telefónica joint venture Cornerstone Telecoms Infrastructure Limited (CTIL). Warren left the supermarket giant after a restructuring programme in May that saw the departure of several other in-house lawyers and Tesco’s property team slashed from three lawyers to one. In his new […]
Bristows has boosted its revenue by over 10 per cent during the 2014/15 financial year, growing from £34.1m to £38m. Bristows’ net profit was also up by at least 20 per cent to around £14.5m, increasing from £12m in 2013/14. During the previous financial year, Bristows’ revenue down by 3.7 per cent, to £34.1m, while […]
Barclays has instructed Clifford Chance to defend it against a £50m damages claim brought by Collyer Bristow client Rhino Enterprises over interest rate mis-selling related to Libor manipulation. The instruction reinforces the firm’s relationship with Barclays after Baker & McKenzie won an instruction on upcoming foreign exchange (forex) manipulation matters in the UK (2 June […]
It’s been a busy few months for Center Parcs’ management team, with the acquisition of a site for its sixth holiday park, a debt refinancing and a dual-track sale and IPO process all taking place this year. On Tuesday this week Canadian property investment company Brookfield announced that it was acquiring Center Parcs, for an […]
Freshfields Bruckhaus Deringer and Gibson Dunn & Crutcher have advised IT security company Sophos on its planned $100m initial public offering. Gibson Dunn & Crutcher is representing Sophos’ founders Jan Hruska and Peter Lammer with a team comprising London partner Charlie Geffen and associate Sian Williams. Sophos was also represented by Freshfields’ partners Julian Makin, […]
Fieldfisher’s average profit per equity partner (PEP) has risen from £416,000 to £506,000 on the back of a 9 per cent increase in turnover, to £113m from £104m in 2013/14. In 2013/14, Fieldfisher’s revenue rose by 9.5 per cent from £95m to £104m marking a change in fortunes for the firm (7 July 2014). Fieldfisher’s […]
Freshfields Bruckhaus Deringer, Herbert Smith Freehills and Skadden Arps Slate Meager & Flom have been lined up by the major players of the global tobacco industry to fight the UK Government on its plain packaging law. Philip Morris International, Japan Tobacco International and British American Tobacco all claim the Department of Health measures block their […]