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  • April 6, 2011 |

    Linklaters and Norton Rose win Prudential panel spots after five-month competitive tender

    Linklaters and Norton Rose have won hotly-contested places on Prudential Group's new global legal panel following a five-month competitive tender process. The review, which kicked off in October and closed last month, also saw legacy advisers Slaughter and May, Freshfields Bruckhaus Deringer and Hogan Lovells reappointed.

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  • April 4, 2011 |

    Shearman and Sullivan land top roles on $11bn NYSE Euronext counterbid

    Shearman & Sterling and Sullivan & Cromwell have won lead roles on Nasdaq OMX and the Intercontinental Exchange (ICE)'s $11.3bn (£7bn) bid for NYSE Euronext, reports The Am Law Daily. Nasdaq and ICE announced on Friday (1 April) that they had teamed up for the bid, around six weeks after German exchange Deutsche Boerse agreed to purchase the New York Stock Exchange's parent for $10bn (£6.2bn).

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  • March 24, 2011 |

    Herbert Smith heads up firms advising on £65m JJB Sports recovery effort

    A raft of firms including Herbert Smith are lining up to advise in relation to a £65m recovery plan for embattled sports retailer JJB Sports. Herbert Smith is advising regular client JJB as it gears up for a £65m capital raising and a delisting from the main market of the London Stock Exchange onto the Alternative Investment Market.

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  • March 21, 2011 |

    Sullivan and Wachtell take lead on AT&T's $39bn T-Mobile USA buyout

    Sullivan & Cromwell and Wachtell Lipton Rosen & Katz have taken lead roles on AT&T's $39bn (£24bn) purchase of T-Mobile USA from Deutsche Telekom, reports The Am Law Daily. The cash-and-stock deal will create the largest mobile phone company in the US. AT&T has 95.5 million subscribers, while T-Mobile USA has 34 million.

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  • March 15, 2011 |

    Then we take Manhattan - can Norton Rose really take on the world?

    Not too long ago, Norton Rose looked like an also-ran. The London firm, known for its financial institutions practice, stumbled badly after its offices were bombed - twice - by IRA terrorists in the early 1990s. It jumped belatedly on the global bandwagon, establishing a network of European offices that did not turn a profit for half a decade. By the early 2000s, key partners were running for the exits. The magic circle, formerly Norton Rose's closest rivals, had pulled far ahead.

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  • March 15, 2011 |

    Partner profits at top New York firms spike on Wall Street rebound

    Partner profits at elite New York firms saw a strong recovery in 2010 after a surge in M&A and capital markets work, reports The Am Law Daily. Six Wall Street firms in the $2m-plus partner profits (PEP) club saw profitability soar last year, including Paul Weiss Rifkind Wharton & Garrison, which saw PEP rise 15% to $3.05m (£1.9m).

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  • March 10, 2011 |

    CC follows Freshfields and Links with spring bonuses for US associates

    Clifford Chance (CC) is set to pay out a new spring bonus to its US associates, following the trend seen in the US legal market in recent months. The magic circle firm informed its New York and Washington DC associates today (10 March) that they will receive a bonus ranging from $2,500 (£1,600) to $20,000 (£12,400), depending on post-qualification experience. The scale starts at $2,500 for associates who qualified in 2010, with the top figure of $20,000 awarded to associates who qualified in 2006 or earlier.

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  • March 2, 2011 |

    HSBC adds quartet of US law firms to knowledge-sharing venture

    Banking giant HSBC has added four US firms to its knowledge-sharing venture in a bid to improve its understanding of the US legal market. White & Case, Cleary Gottlieb Steen & Hamilton, Wilmer Hale and New York State law firm Phillips Lytle have been added to the bank's in-house SmartSearch database - taking the roster of firms sharing their know-how with the bank to 17.

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  • February 22, 2011 |

    Linklaters confirms spring bonus of up to $20,000 for US associates

    Linklaters has followed Freshfields Bruckhaus Deringer in handing out spring bonuses to its US associates for the first time. The firm's US managing partner Nick Rees announced the move in an email sent out to all lawyers who will receive the payout. In the email, Rees stated that "a number of our peer firms in New York have recently announced they will be paying spring bonuses to their associates. I am pleased to announce that we too will be paying an additional spring bonus to US associates."

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  • February 22, 2011 |

    Linklaters and Cleary lead on Lafarge and Anglo American UK joint venture

    Linklaters and Cleary Gottlieb Steen & Hamilton are advising on a joint venture (JV) between Anglo American and French industrial giant Lafarge which is set to create a UK building materials businesses with total sales of £1.8bn. The proposed deal is a 50:50 JV combining the companies' UK cement, aggregates, ready-mixed concrete, asphalt and contracting businesses. The parties said that the tie-up had been sparked due to complementary geographical distribution of operations.

    1 minute read