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  • November 29, 2012 |

    The view from 9th Avenue – the emerging challenges facing New York's elite

    "Who we are hasn't changed at all in some ways over the years. At a partners' meeting recently someone showed me a letter written by Paul Cravath in 1920 and it was almost the same format that we use today," reflects Cravath Swaine & Moore incoming presiding partner Allen Parker. "Really, it was almost identical." Welcome to Manhattan, the most singular, individualistic, contradictory and competitive legal market in the world. As the rest of the global legal profession changes to reflect the impact of the post-Lehman Brothers world and the rise of finance hubs and economies in the east, it seems that many lawyers in Manhattan's hermetically sealed environment carry on as if little has changed.

    1 minute read

  • November 29, 2012 |

    Asia lawyers forecast market upturn after landmark leadership changeover in China

    International law firms in Asia are eyeing an increase in market activity following the change in China's leadership, citing a possible return to investment by the country's largest companies. This month saw the confirmation of Xi Jinping as China's new president, succeeding Hu Jintao after almost 10 years at the top of the Communist Party. Jintao's presidency will formally come to an end in March next year, with many lawyers in the region believing the succession will lead to a revival in work levels.

    1 minute read

  • November 12, 2012 |

    Davis Polk to strengthen UK practice with Herbert Smith corporate hire

    Davis Polk & Wardwell is set to boost its City corporate practice with the hire of Herbert Smith Freehills partner Will Pearce. Pearce, who focuses on M&A and capital markets work, is one of Herbert Smith's best known junior corporate partners.

    1 minute read

  • November 8, 2012 |

    Simpson Thacher recruits A&O private equity co-head for City base

    Allen & Overy (A&O) global private equity co-head Derek Baird has resigned to join Simpson Thacher & Bartlett in London. Baird will join the elite US firm as a partner in the City corporate group, taking the total number of partners in the local practice to 12.

    1 minute read

  • November 3, 2012 |

    Slaughters, Sullivan and Davis Polk eye big returns from key China IPO

    Slaughter and May, Sullivan & Cromwell and Davis Polk & Wardwell have picked up lead advisory roles as the state-owned People's Insurance Company of China (PICC Group) draws closer to completing its multi-billion dollar Hong Kong initial public offering (IPO).

    1 minute read

  • November 1, 2012 |

    US law firms tap China's go-private market amid global IPO slump

    Latham and Kirkland among firms benefiting from booming take-private sector, says Elizabeth Broomhall

    1 minute read

  • November 1, 2012 |

    DLA and A&O lead on landmark Turkey bond deal for drinks giant

    DLA Piper and Allen & Overy (A&O) have advised on a $500m (£310m) ten-year bond offering for Turkish beer and soft drinks group Anadolu Efes, in the first corporate bond of its kind in Turkey. Anadolu Efes, one of Europe's largest brewers, operates in a number of countries including Turkey, Russia and others within the CIS and Middle East.

    1 minute read

  • October 29, 2012 |

    Freshfields and Slaughters lead on Penguin Random House merger

    Freshfields Bruckhaus Deringer and Slaughter and May have picked up leading roles alongside two US firms on the planned joint venture between Penguin and Random House, which will create a consumer publishing giant with combined revenues of around £2.5bn. UK media group Pearson and German rival Bertelsmann confirmed today (29 October) that they have agreed to combine their respective publishing outfits, with Random House owner Bertelsmann set to own 53% of the new Penguin Random House joint venture and Penguin parent Pearson the remaining 47% stake.

    1 minute read

  • October 11, 2012 | International Edition

    Moods in Manhattan – mixed messages from the world's legal capital

    You don't really appreciate until you talk to Manhattan lawyers in their own habitat how Wall Street firms at times seem weighed down by history. In London, partners often struggle to remember as far back as the 1990s. But their counterparts in the bustling yet conservative Manhattan community still find their focus drawn to key moments in their firm's past.

    1 minute read

  • October 11, 2012 |

    Moods in Manhattan – mixed messages from the world's legal capital

    You don't really appreciate until you talk to Manhattan lawyers in their own habitat how Wall Street firms at times seem weighed down by history. In London, partners often struggle to remember as far back as the 1990s. But their counterparts in the bustling yet conservative Manhattan community still find their focus drawn to key moments in their firm's past.

    1 minute read