Revenue soared to its highest-ever level at Clifford Chance in the 2013/14 financial year to reach £1.359bn, 7 per cent boost on the £1.271bn turnover posted at the end of the previous financial year. Average profit per equity partner is up 16 per cent from £1m in 2012/13 to £1.14m (8 July 2013). It is […]
South West firm Temple Bright has scooped a three-lawyer team from Nabarro to launch an energy and climate change practice. The technology-focused firm has added clean energy projects partner Tom Bainbridge, projects partner Louisa Cilenti and associate Sandy Abrahams to launch the new practice area. Bainbridge has led on several of Nabarro’s high-profile green energy […]
Davis Polk & Wardwell is among one of the fastest growing international firms in Asia, growing lawyer headcount by nearly 29 per cent between 2012 and 2013, according to The Lawyer Asia Pacific 150 2014. The US firm has seen the most prolific growth in Hong Kong, pushing up headcount by 65 per cent over […]
The UK banking sector has generated rich pickings for corporate lawyers over the past few years, with deals including the Co-op Group’s split and Lloyds’ reprivatisation. Over in Spain, the banking sector is also in the midst of a wave of transactions that are helping it to get back on track. The latest of these […]
Allen & Overy and Herbert Smith Freehills (HSF) are advising German-headquartered travel group Tui AG and its UK subsidiary Tui Travel respectively on their £4.8bn merger. The all-share acquisition sees Tui AG acquire the outstanding 45.5 per cent of Tui Travel it does not already own. Allen & Overy’s team is led by Hamburg corporate […]
It’s been a gloomy period for the M&A market, what with global deals dwindling by 6 per cent in 2013 making the year the slowest for international deal making since 2009. But, it looks as if the market might finally be edging in the right direction. And one firm in particular has plenty of cause […]
As England licks its footballing wounds, could the SFO exercise its powers to tackle Fifa corruption and bribery? Now that the England football team’s less-than-spectacular World Cup campaign is behind it, could there still be a way that the country makes its presence felt on the world soccer stage? Why isn’t the director of the […]
Allen & Overy has advised Bank of America Merrill Lynch, Credit Suisse, HSBC and JP Morgan as joint bookrunners on PTT Exploration and Production Public Company’s (PTTEP’s) corporate hybrid bond issuance, in what is reported to be the first USD hybrid issuance by a Thai corporate since 2006. The $1bn (£576,000) subordinated perpetual capital securities […]
Bird & Bird has just become the latest firm to expand its footprint in the Asia Pacific after signing alliance agreements with two Indonesian firms last week. Yet the appetite for growth across the region slowed in 2013. According to one partner at a firm in the region, it’s a sign of a maturing market. […]
Orrick’s London office has announced its second major partner hire in the space of a week, with confirmation that the former head of Proskauer’s English law finance practice Michael Crosby is joining the firm. Crosby will join Orrick as a partner after a period of gardening in leave and will head the firm’s English Law […]
Pinsent Masons partners have elected the firm’s head of construction Richard Foley as senior partner for a four-year term beginning October 2014 Incumbent senior partner Chris Mullen held the role for nine years before going head-to-head with Foley in an election process that kicked off in early June (10 June 2014) Foley has been at […]
The Bank of England has announced measures to cool the housing market. Bruce Dear, head of London real estate at Eversheds, has commented on the measures, saying that the bank is trying to drown the housing market’s over-exuberance in red tape. He said: ‘Now nothing kills enthusiasm like a form, but the new affordability and […]