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  • January 24, 2013 |

    Links, A&O lead bank-side DCM rankings as year-on-year proceeds grow 11%

    Linklaters and Allen & Overy (A&O) have dominated Thomson Reuters' global legal rankings for bank roles on debt capital markets transactions in 2012, as the value of debt deals grew by 11.3% over the period. The data, cut off at 21 January, shows Linklaters toppling A&O from the global top spot after advising managers on 524 straight debt deals globally in the 2012 calendar year, generating proceeds of $394bn (£248bn).

    1 minute read

  • January 17, 2013 |

    Libor's long tail – lawyers jostle as bank scandals spread through the market

    The new year may be a time to start afresh, but the Libor scandal that dominated business headlines in the second half of 2012 is – for advisers – showing no signs of abating. At Clifford Chance (CC), the news that its client Royal Bank of Scotland (RBS) is in the final stages of a settlement with US and UK regulators over its alleged Libor role means the firm's regulatory lawyers will have had a busy start to 2013.

    1 minute read

  • December 19, 2012 |

    Legal Week news round-up: the best of 2012

    Legal Week's most-read stories of the last twelve months, including major international mergers such as the tie-up of Australia's Freehills with Herbert Smith, and the news that A&O had asked Hong Kong partners to leave the firm...

    1 minute read

  • December 19, 2012 |

    Gibson Dunn advises as UBS reaches £945m Libor settlement

    Gibson Dunn & Crutcher has advised UBS on its (£945m) settlement with US and UK authorities over allegations that the Swiss bank tried to manipulate Libor interest rates. UBS announced today (19 December) that it was settling with the US Department of Justice (DoJ) and the Commodity Futures Trading Commission (CFTC), the Financial Services Authority (FSA) in the UK, and the Swiss Financial Market Supervisory Authority (FINMA), over the regulators' investigations into manipulation of the Libor interbank lending rates.

    1 minute read

  • December 13, 2012 |

    New Hong Kong laws push firms to review paternity pay policies

    Law firms in Hong Kong are facing an overhaul of their paternity leave policies following a move to force all private companies in the region to provide employees with at least three days' paid leave. The government proposals, endorsed by the Hong Kong Labour Advisory Board last month, will see men paid at least 80% of their salaries for the paternity leave period.

    1 minute read

  • December 13, 2012 |

    Davis Polk secures CC partner duo for Hong Kong litigation launch

    Davis Polk & Wardwell has made a major double partner hire from Clifford Chance (CC) to launch a litigation practice in Hong Kong. CC's top-ranked Asia-Pacific litigation and dispute resolution head Martin Rogers and partner James Wadham are set to join Davis Polk's eight partner Hong Kong office, currently focused on capital markets and corporate matters.

    1 minute read

  • December 11, 2012 |

    US legal elite announce associate bonus payouts of up to $60,000

    A host of top-tier US firms have announced their end-of-year associate bonuses, with the majority following the lead of Cravath Swaine & Moore and hiking payments significantly across the board. Cravath has traditionally been the first Wall Street firm to announce its year-end bonuses, with the firm handing out a payout of between $10,000 (£6,200) and $60,000 (£37,000) to its junior lawyers this year.

    1 minute read

  • December 7, 2012 |

    Freshfields high-yield partner quits for Weil in latest exit to US rival

    Freshfields Bruckhaus Deringer high-yield partner Gil Strauss has resigned to join Weil Gotshal & Manges, marking the latest departure from the magic circle firm for a US rival. Strauss, whose practice focuses on US corporate finance and securities, will join Weil in London in the New Year to help build out the firm's European high-yield practice.

    1 minute read

  • December 6, 2012 |

    Herbert Smith Freehills shakes up post-merger partner notice terms

    Herbert Smith Freehills is overhauling its notice period in the wake of the merger between the two firms which went live in October, with the new six-month term halving the notice period previously in place at legacy Herbert Smith. Partners at both firms approved the change, which is in the process of being implemented, as part of the merger terms. The six-month term, which will be imposed at the discretion of the firm, effectively doubles the notice for legacy Freehills partners exiting, as they were previously subject to just three months.

    1 minute read

  • December 5, 2012 |

    Top Herbert Smith litigation partner Lloyd quits to join Debevoise

    Herbert Smith Freehills London litigation partner Kevin Lloyd has resigned from the firm to join Debevoise & Plimpton, marking the second high-profile departure for a US firm since the merger between legacy Herbert Smith and Freehills went live in October. Lloyd, who is understood to have handed in his notice in recent weeks, is expected to join Debevoise as a partner next year, when he will work alongside Debevoise's Europe and Asia litigation chair Lord Goldsmith QC. His start date has yet to be confirmed.

    1 minute read