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  • February 24, 2010 |

    Gibson Dunn recruits Freshfields partner in rare City lateral hire

    Gibson Dunn & Crutcher has made a rare lateral hire in the City, bringing in a Freshfields Bruckhaus Deringer partner. The US law firm has hired Freshfields corporate partner Jeff Roberts - marking the firm's first lateral partner appointment since May 2008.

    1 minute read

  • February 17, 2010 |

    Gibson Dunn reaches new revenue high as firm posts rising financials

    Gibson Dunn & Crutcher has posted rising revenue and profits for 2009 despite the economic downturn, reports The Am Law Daily. Gross revenue rose by nearly 4% to $995m (£631m), the best performance in the firm's history. Profits per equity partner (PEP) also increased, albeit by a more modest 1.6% to $1.9m ($1.2m).

    1 minute read

  • January 19, 2010 |

    Testing the waters

    Two years into the financial crisis, Am Law 200 firms continue to grapple with their response to the new reality: that's the main theme from The American Lawyer's annual Law Firm Leaders survey, which shows an increased willingness among firms to implement a smorgasbord of short-term cost-cutting measures while pondering more fundamental changes.

    1 minute read

  • January 19, 2010 |

    Clifford Chance signs up Milbank partner in US litigation boost

    Clifford Chance (CC) has bolstered its litigation and dispute resolution offering in Washington DC with the hire of William Wallace from Milbank Tweed Hadley & McCloy. Wallace joins CC after nine years as a partner with Milbank and will head up the magic circle firm's US corporate and financial services litigation group.

    1 minute read

  • January 11, 2010 |

    US duo lead on Heineken's €5.3bn buyout of Mexican drinks company

    Cleary Gottlieb Steen & Hamilton and Gibson Dunn & Crutcher have taken lead roles on Heineken's acquisition of Mexican drinks company FEMSA for €5.3bn (£4.8bn). FEMSA, the largest beverage company in Latin America, will receive a 20% stake in Heineken as part of the all-share deal, which sees Heineken take over FEMSA's beer business, which includes brands such as Sol.

    1 minute read

  • December 21, 2009 |

    Mayer Brown and Latham lead on $8.5m Ernst & Young settlement

    Mayer Brown and Wilmer Cutler Pickering Hale and Dorr have taken roles advising Ernst & Young (E&Y) in settlement talks with regulators over the accounting firm's failure to report fraudulent activity at one of its clients, reports The Am Law Daily. The Securities and Exchange Commission (SEC) had accused E&Y of issuing unqualified audit opinions that said that Chicago-based company Bally Total Fitness's 2001 and 2003 financial statements conformed with US accounting rules.

    1 minute read

  • December 1, 2009 |

    Weil Gotshal makes up just three to partnership as London misses out

    Weil Gotshal & Manges has announced a depleted partner promotions round, with just three lawyers set to join the partnership on 1 January 2010. No London-based lawyers will join the firm's partnership in this year's round, with the total of three promotions representing less than half of last year's tally, when seven were made up worldwide, including one in the City.

    1 minute read

  • November 25, 2009 |

    Restructuring and insolvency: The clean-up crew

    With debt hard to come by in the post-crunch age, the current restructuring and insolvency market is, according to the Blackstone Group's Martin Gudgeon, rapidly changing. He comments: "[We have] moved from resolving liquidity crises of cash-starved businesses to resolving poor investment returns of over-leveraged businesses. And now we [are] heading into resolving prospective refinancing hurdles."

    1 minute read

  • November 17, 2009 |

    A&O acts alongside US duo on $275m gaming company sale

    Gibson Dunn & Crutcher, Allen & Overy (A&O) and Wilson Sonsini Goodrich & Rosati have taken lead roles on the $275m (£164m) sale of gaming company Playfish to Electronic Arts Nederland (EA). Playfish instructed Gibson Dunn, with the deal marking the second transaction the US firm has carried out for the company's founders.

    1 minute read

  • October 7, 2009 |

    Clifford Chance votes in Sandelson as new global litigation chief

    Clifford Chance (CC) has named its new global litigation chief with Jeremy Sandelson winning the hotly-contested election. Sandelson has held the role of London managing partner since 2005 after spending a term as UK head of litigation.

    1 minute read