Eversheds has commented on news that London’s iconic Gherkin is to be sold, describing the building as irresistible to sovereign wealth funds. Bruce Dear, head of London real estate at Eversheds, said: ‘The Gherkin has an iconic, globally recognised physical profile, a prestigious City address and an insurance sector flavour. All of these features will […]
Eversheds has advised Bangor University on the procurement of a new multi-million-pound student accommodation development, which will see the provision of 600 units together with associated facilities at its St Mary’s campus from September 2015. The agreement has been awarded to a consortium comprised of developer Cityheart and services provider CRM, with Vinci Construction UK […]
Eversheds has commented on the government’s decision to fold the consideration of reform to the business rates appeals process into the broader review of business rates administration. Philip Myers, real-estate litigation expert at the law firm, said the decision is likely to be roundly welcomed by businesses. He said: ‘The announcement should alleviate concerns raised […]
The advent of driverless cars on UK public roads will make accident diagnosis increasingly difficult, according to Peter Shervington, product liability expert at Eversheds. He said: ‘The trend of shifting responsibility away from the motorist towards vehicle and parts manufacturers has a long history: the introduction of electronic engine management systems in the 1990s took […]
DLA Piper has advised long-term client Rolta India on a high-yield bond offering. The company raised $300m (£178m) in the international capital markets, issuing 8.875 per cent senior notes through its wholly owned subsidiary, Rolta Americas. The offering was oversubscribed by more than eight times with an order book of more than $2.4bn and demand […]
DLA Piper has announced that its US co-managing partner Anastasia ‘Stasia’ Kelly has been named to The National Law Journal’s 2014 list of ‘Trailblazers & Pioneers’, which recognises the top 50 legal professionals in the areas of governance, risk and compliance. The National Law Journal highlighted Kelly’s 15-year career, during which she developed compliance teams and programmes as general […]
Baker & McKenzie has kickstarted a South African competition practice with the acquisition of local firm Vani Chetty Competition Law. Name partner Vani Chetty joins Baker & McKenzie as a partner in Johannesburg, bringing with her her entire team. The competition team adds to the firm’s existing South Africa capabilities in banking and finance, capital […]
Is the Australian legal market on the road to recovery? If associate salaries are anything to go by the answer is yes. As The Lawyer reported earlier this year, tough trading conditions had forced firms such as King & Wood Mallesons and Herbert Smith Freehills to take a look at their cost bases, with many […]
California-based firm Cooley is understood to be nearing its long-awaited City base following months of speculation about the firm’s intentions in the UK. The firm, which is particularly renowned for its technology and life sciences work, is reportedly seeking to grow its headcount to around 50 lawyers within its first six months in London. Cooley […]
New entrants in the solicitors’ professional indemnity insurance (PII) market are targeting UK top 50 firms, but smaller practices are finding it harder to find cover. As reported in this week’s professional indemnity special report, several new market entrants are keen to attract large firms to their PII roster. These include A-rated insurers CV Starr and […]
Clydesdale Bank has named Eversheds, Harper Macleod, Morton Fraser and Optima as the four firms on its new recoveries panel. The four firms were cut from the bank’s slimmed-down national roster earlier this month when Clydesdale cut the panel in half (29 July 2014). But they have all been placed on the bank’s new recoveries […]
The Lawyer’s weekly leadership interview has proved very popular with readers. In our regular slot we find out the stories behind the figures, and what makes law firm managing partners tick. Osborne Clarke’s Simon Beswick: Cue the next phase Charles Russell Speechlys management: the joys of a clean sheet Weightmans’ John Schorah: Everyone in the […]