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  • December 5, 2013 |

    Davis Polk's City base tops client rankings for quality of advice

    Davis Polk & Wardwell's drive to build an English law practice in London has been endorsed by its clients after they gave it the top ranking for legal advice in the annual Legal Week Intelligence Client Satisfaction Report. News that the Wall Street firm leads the field for quality of legal advice comes hard on the heels of its hiring of a fourth English law partner – Ashurst finance partner Nick Benham – and its launch of a London trainee scheme.

    1 minute read

  • December 5, 2013 |

    Law firms set for payouts in wind-down of Lehman's Europe operations

    More than 30 law firms owed money by Lehman Brothers International Europe (LBIE) are in line for a payout, after the bank's administrators PwC confirmed a group of creditors would be entitled to distributions in the New Year.

    1 minute read

  • November 13, 2013 |

    Davis Polk launches City trainee scheme with £100k NQ rate

    Davis Polk has introduced a London trainee scheme for newly qualified lawyers in a bid to build its English-law capability. The US firm will use its English law partners and senior associates to provide the training, with trainee lawyers set to receive a salary of £50,000 in the first year and £55,0000 in the second.

    1 minute read

  • November 11, 2013 |

    Davis Polk's City office makes fourth English law lateral with Ashurst hire

    Davis Polk & Wardwell has launched an English law finance practice in London with the appointment of Ashurst finance partner Nick Benham, who becomes the firm's tenth full time partner based in London.

    1 minute read

  • October 31, 2013 |

    Law firm trio advise as PwC plans Booz purchase

    Davis Polk & Wardwell, Cleary Gottlieb Steen & Hamilton and Linklaters have won roles on PricewaterhouseCoopers' (PwC's) proposed takeover of management consulting firm Booz & Co. PwC's advisory arm has reached an agreement with Booz, with the partnership at the latter set to vote on the proposals in December. The value of the deal has not been disclosed.

    1 minute read

  • October 30, 2013 |

    Links acts as McKesson buys German pharma firm

    Linklaters and Hengeler Mueller led a clutch of firms winning mandates on California drugs wholesale group McKesson Corporation's $8.3bn (£5.1bn) acquisition of German counterpart Celesio from holding company Franz Haniel & Cie. Linklaters advised longstanding client McKesson, fielding a team led by Frankfurt partners Stephan Oppenhoff and Peter Erbacher, and including partners in Paris, London, Munich, Dusseldorf, Berlin and Amsterdam.

    1 minute read

  • October 24, 2013 |

    US Q3 2013 round-up

    The top US deals from the past three months, featuring mandates for Davis Polk & Wardwell, Slaughter & May and Freshfields Bruckhaus Deringer

    1 minute read

  • October 24, 2013 |

    Top firms land places on China Resources' first global panel

    Baker & McKenzie, Herbert Smith Freehills and Hogan Lovells are among a raft of firms to have won spots on China Resources' first international legal panel. The state-owned conglomerate has appointed about 10 firms to the panel, although it would not confirm the exact number. The panel is subdivided into practice areas that include M&A and litigation. Other successful firms include King & Wood Mallesons, Davis Polk & Wardwell and Reed Smith, along with the magic circle quartet of Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Slaughter and May. Between five and 10 firms have been allotted to each practice area, depending on demand.

    1 minute read

  • October 17, 2013 |

    A&O and DLA Piper lead on £1.1bn drinks dispenser business to Berkshire Hathaway

    Allen & Overy and DLA Piper have won the advisory roles on UK engineering giant IMI on the proposed $1.1bn (£691m) sale of UK engineering giant IMI's drinks dispense and merchandising businesses to the Berkshire Hathaway-controlled Marmon Group.

    1 minute read

  • October 17, 2013 |

    International trio advise on China's latest supermarket deal

    Davis Polk & Wardwell, Freshfields Bruckhaus Deringer and Morrison & Foerster (MoFo) have advised as Chinese retailer Wumart Stores agreed to take a minority stake in Thai supermarket chain CP Lotus for HK$2.3bn (£185m). The deal will see Wumart take possession of 36 Lotus supermarkets in mainland China including those in Beijing and Shanghai, but will not include Lotus' stores in the Guangdong and Hunan provinces.

    1 minute read