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  • February 14, 2012 |

    McDermott unveils South Korea launch as local market opens up

    McDermott Will & Emery is opening a new office in South Korea, becoming one of the first western law firms to establish a base in the wake of bar liberalisation. The Seoul-based branch will be led by In-Young Lee, currently head of the US law firm's Korea practice group, and will focus largely on outbound work.

    1 minute read

  • February 2, 2012 |

    US duo win key legal roles as Facebook files for $5bn IPO

    US law firms Fenwick & West and Simpson Thacher & Bartlett have secured the lead advisory roles on Facebook's much-anticipated initial public offering (IPO) aftter the social networking giant filed for the $5bn (£3.2bn) listing yesterday (1 February), reports The Am Law Daily. According to the S-1 filing, Fenwick chairman Gordon Davidson and securities group co-chair Jeffrey Vetter are leading the team from the firm that has won the much-coveted lead counsel role for Facebook.

    1 minute read

  • January 12, 2012 |

    At last Davis Polk hits the City, but is the Wall St leader ready to go on offensive?

    Suzanna Ring sizes up Davis Polk & Wardwell's prospects as the US leader makes its English law debut in the City...

    1 minute read

  • January 10, 2012 |

    Cleary, Simpson Thacher field City teams on $2.1bn France Telecom sale

    Cleary Gottlieb Steen & Hamilton and Simpson Thacher & Bartlett's London offices have taken lead roles on France Telecom's proposed $2.1bn (£1.4bn) sale of its Orange Switzerland mobile phone business to Apax Partners, reports The Am Law Daily. London-based Cleary international capital markets partner Pierre-Marie Boury is leading the firm's team advising France Telecom on financing aspects of the potential sale, which will be submitted to France Telecom's board this week.

    1 minute read

  • January 6, 2012 |

    Davis Polk launches UK law team with Freshfields heavyweight

    Wall Street leader Davis Polk & Wardwell has launched an English law practice in the City with the hire of Freshfields Bruckhaus Deringer corporate veteran Simon Witty. Witty is set to join the US law firm's London arm in April this year. It is not yet known whether he is bringing any associates with him.

    1 minute read

  • January 5, 2012 |

    Simpson Thacher confirms plan to launch in Korea

    Simpson Thacher & Bartlett has announced plans to open an office in Seoul, reports The Asian Lawyer. The US firm said in a statement that it will open in the South Korean capital "as soon as practicable in 2012." The announcement follows the ratification of a trade deal between the US and Korea, the passage of which opens the way for US firms to apply to enter Korea's legal market as of this month.

    1 minute read

  • December 22, 2011 |

    Weil promotes one partner in London as 11 make the grade

    Weil Gotshal & Manges has become the latest US firm to announce its partners promotions with only one lawyer making the cut in the City. Jamie Maples, a member of the London arbitration team for more than eight years, has acted in a wide range of major international commercial disputes including telecoms infrastructure work and - most recently - hedge fund investments.

    1 minute read

  • December 16, 2011 |

    Davis Polk, Clifford Chance latest to announce US bonus rates

    Davis Polk & Wardwell has become the latest firm to announce US associate bonuses, with the firm opting to match rates first set by Wall Street rival Cravath Swaine & Moore last month, writes The Am Law Daily. Like Cravath, Davis Polk's bonus scale starts at $7,500 (£4,800) for those in the class of 2010 and increases incrementally to $37,500 (£24,200) for the class of 2004, according to an announcement sent out to the firm's associates on Monday (12 December).

    1 minute read

  • December 15, 2011 |

    Shearman adds four to City partnership in annual promotion round

    Shearman & Sterling has become the latest US firm to announce its global partner promotions, with nearly half of new partners joining in the firm's City office. Thomas Donegan is joining the global financial regulatory practice area in London, while Peter Hayes will be joining the finance department. M&A lawyer Jeremy Kutner and bankruptcy specialist Solomon Noh have also been promoted in London.

    1 minute read

  • December 13, 2011 |

    Herbert Smith and Freshfields lead on Pearson's FTSE sale

    Herbert Smith and Freshfields Bruckhaus Deringer have lined up to advise on the £450m sale of Financial Times publisher Pearson's 50% stake in FTSE International to the London Stock Exchange (LSE). Herbert Smith is advising longstanding client Pearson on the sale, which gives the LSE full ownership of the FTSE indices.

    1 minute read