Usual suspects Travers Smith, Debevoise & Plimpton, and Freshfields Bruckhaus Deringer have been gifted with advisory roles on the latest heavyweight deal as Canada Pension Plan Investment (CPPIB) has agreed to buy Ascot Underwriting Holdings, the Lloyds of London insurer linked to American International Group (AIG), as part of a $1.1bn agreement.
Continue reading “Travers, Debevoise and Freshfields provide cover for $1.1bn Ascot insurance deal”
RPC has lost its mandate to review Sports Direct’s governance in the fallout from the retailer’s shareholder meeting earlier this month.
Disputes boutique Signature Litigation has seen revenue soar by 36% to £10.2m for the 2015/16 financial year, and continues invest in lateral hiring with Bryan Cave litigation partner, Ioannis Alexopoulos. Continue reading “Signature sees revenues soar 36% to £10.2m as boutique hires Bryan Cave litigation star”
Slater and Gordon (S&G) is to sue Watchstone Group, formerly known as Quindell, following the £637m acquisition of the UK company’s professional services division in 2015.
Recently-appointed Lord Chancellor Liz Truss is facing mounting backlash from the profession after unveiling proposals to extend the recoverable costs regime to ‘as many civil cases as possible’, and the roll-out of an online court system to ensure justice for all.
In a week which saw multiple departures from Ashurst, the firm sought to reverse the trend with a hire in its German tax practice, while DLA Piper and Shoosmiths made national hires and White & Case bulked up in London.
The Solicitors Regulation Authority (SRA) is claiming that reforms on regulation to open up the market, increase competition and focus on high professional standards will help to alleviate the uncertainty facing the legal profession as a result of the Brexit vote.
Continue reading “SRA claims reforms will help ease uncertainty for law firms post-Brexit”
Hogan Lovells has called on real estate giant Cushman & Wakefield to find the firm 350,000 sq ft of office space to consolidate its three City offices into one.
Continue reading “Consolidation in the City: Hogan Lovells mulls moving headquarters”
Ashurst‘s Singapore managing partner is the latest to quit the firm, in a day where Ashurst has seen partner exits to Jones Day, Allen & Overy, Paul Hastings and PwC Legal.
Continue reading “Ashurst Singapore head latest to go in day of exits for beleaguered firm”
The exits continue at Ashurst as the firm’s Abu Dhabi head has quit for a US firm while two Asia finance partners, including Ashurst’s Hong Kong managing partner have joined Allen & Overy (A&O).
Clifford Chance (CC), Kirkland & Ellis and Jones Day have all won mandates on FTSE 100 publishing company Informa’s $1.56bn bid for US trade publisher Penton Business Media.
Paul Hastings has continued to strengthen its burgeoning City practice with yet another high-profile lateral hire, this time taking respected finance partner Nigel Ward from a beleaguered Ashurst.
Continue reading “Paul Hastings adds another City heavyweight as Ashurst is hit again”
The Legal Services Board’s (LSB) vision for the future of legal regulation reflects the build-up of years of frustration.
Longstanding senior partner Nick Thomas is to stand uncontested for a fifth five-year term as senior partner at insurance specialist Kennedys.
After becoming the first Western firm to open an alternative legal services (ALT) hub in China, Herbert Smith Freehills (HSF) is to launch a new centre in Melbourne, as well as maintain a permanent presence in Perth, following the success of its ALT ‘pop-up’ which launched last October.
Continue reading “Australian ambitions: HSF opens alternative legal services hub in Melbourne”
A leadership battle at Squire Patton Boggs will take place as long-standing leader Peter Crossley has confirmed he will step down as Europe and Middle East managing partner at the end of this year.
Slaughter and May has teamed up with Luminance, which is being backed by Autonomy founder Mike Lynch’s investment fund, to help launch new artificial intelligence (AI) for M&A.
Continue reading “Slaughters latest to pilot AI technology in deal with Autonomy founder Mike Lynch”
Clifford Chance, Davis Polk & Wardwell, King & Wood Mallesons and Chinese law firm Haiwen & Partners have advised on the year’s largest initial public offering (IPO) of $8bn for Postal Savings Bank of China launched today (14 September).
Continue reading “Clifford Chance and Davis Polk deliver $8bn Hong Kong IPO for Postal Savings Bank”
HP Inc, the largest successor company of Hewlett Packard, has launched a global law firm panel review.
Continue reading “Hewlett Packard successor firm launches first panel review”
Eversheds has begun talks to forge a new leadership team as the firm strives to avoid a divisive contest after current chief executive Bryan Hughes steps down next May. Current managing partner Lee Ranson is expected to take Hughes’ role in a management structure with two other partners.
Continue reading “Eversheds starts talks on new management structure as leadership election looms”
