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  • November 7, 2013 |

    Ashurst corporate head resigns in wake of management elections

    Ashurst global head of corporate Stephen Lloyd has resigned from the partnership. Lloyd has been a partner at Ashurst since 2003 and was appointed joint head of the global corporate, commercial and competition practice in July alongside legacy Blakes partner Phil Breden who is based in Sydney.

    1 minute read

  • November 1, 2013 |

    Transfer Window Asia: recent moves including Latham, Bakers and Freshfields

    Latham & Watkins has boosted its US practice in Hong Kong with the hire of two corporate lawyers this month. Senior associate Ben Carale has recently been hired as counsel from Sidley Austin, where he was responsible for building the firm's Philippines practice and working on US corporate finance and securities transactions.

    1 minute read

  • October 30, 2013 |

    BLP finance head exit prompts department review

    Berwin Leighton Paisner's head of finance Matthew Kellett has left the firm, prompting an independent review of the practice. Kellett, who also leads BLP's banking and capital markets practice group, joined the firm in 2010, prior to which he was managing director and head of financial structuring at the Royal Bank of Scotland. He was previously a partner at Linklaters for thirteen years, from 1990-2003.

    1 minute read

  • October 30, 2013 |

    Proskauer, Dewey victorious on MF Global fees case

    Proskauer Rose and legacy Dewey & LeBoeuf have seen off a challenge to the level of fees they have charged for their work on the MF Global administration. Last week, lawyers acting for the defunct broker filed an objection to fees totalling $8.8m (£5.6m) being charged by the two firms on the high-profile administration, labelling them "excessive".

    1 minute read

  • October 24, 2013 |

    Exit of Links stars puts focus on magic circle's struggle to break into the private equity market

    The departure of Ian Bagshaw (pictured, left) and Richard Youle (pictured, right) from Linklaters may have been widely anticipated, but their decision to join White & Case has raised questions about the magic circle's ability to compete against US firms in the field of private equity. The duo's move is the latest in a long line of high-profile departures from City firms, including Raymond McKeeve's exit from Berwin Leighton Paisner to join Jones Day and the hire by Latham & Watkins of David Walker, Clifford Chance's erstwhile private equity chief. It is a fairly open secret that Bagshaw and Youle's CVs have been on the market for some time. In 2010 the pair looked set to join Ropes & Gray before Linklaters persuaded them to stay on with what a source has described as "a sweetheart package".

    1 minute read

  • October 24, 2013 |

    Mayer Brown continues hiring spree with BLP and White & Case duo

    Mayer Brown has hired a further two partners in its London banking and finance group, with the recruitment of Berwin Leighton Paisner partner Trevor Wood and White & Case senior associate Mayank Gupta, who joins as partner. The pair - who are expected to join by the end of the calendar year - bring Mayer Brown's senior lateral hire count to six in the last month, and follow the appointments of securitisation partners Richard Todd and David O'Connor from BLP and Allen & Overy respectively.

    1 minute read

  • October 24, 2013 |

    China's Ministry of Commerce selects 20 firms for two legal panels

    China's Ministry of Commerce (Mofcom) has selected a total of 20 law firms for coveted spots on two legal panels. The government department has appointed one group of outfits to advise it on economic and trade agreements, negotiations related to investment and international investment dispute cases, and a separate group to provide counsel on WTO and regional trade agreements, and cross border dispute resolution.

    1 minute read

  • October 23, 2013 |

    Counsel slams "excessive" Proskauer and Dewey fees on MF Global bankruptcy

    Fee requests filed by Proskauer Rose and legacy Dewey & LeBoeuf in the administration of derivatives broker MF Global have been labelled "excessive" in a US court. In an objection filed yesterday, a counsel to the administration rejected the applications and recommended Proskauer reduce its fee from $5m (£3.1m) to $3.25m (£2m) and Dewey drop its request from $3.75m (£2.3m) to $3m (£1.9m).

    1 minute read

  • October 22, 2013 |

    Bingham takes Jones Day competition head in rare City hire

    Bingham McCutchen has made a rare hire in London, with the recruitment of Jones Day's London competition practice head Frances Murphy, who represents clients including AstraZeneca and the London Metal Exchange in contentious and non-contentious EU and domestic competition matters, brings the London office's competition team to three partners.

    1 minute read

  • October 22, 2013 |

    Singapore law minister criticises Clifford Chance over 'inaccurate' claims

    Clifford Chance has come under scrutiny in Singapore for issuing misleading statements about its litigation practice. In a response to a parliamentary question about foreign law firms operating in the city-state, Minister for Law K Shanmugam said statements made by Clifford Chance and its local partner Cavenagh Law "conveyed an inaccurate picture and should be stopped."

    1 minute read