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  • November 6, 2013 |

    Eversheds and Baker Botts lead as Siemens spins off turbine unit

    Eversheds and Baker Botts have landed key roles on Siemens' joint venture with energy services company Wood Group, which will create a $1bn (£624m) oil and gas rotating equipment business. Aberdeen-based Wood Group is spinning off the majority of its maintenance and power solutions operation into a joint venture with the German company.

    1 minute read

  • October 24, 2013 |

    Top firms land places on China Resources' first global panel

    Baker & McKenzie, Herbert Smith Freehills and Hogan Lovells are among a raft of firms to have won spots on China Resources' first international legal panel. The state-owned conglomerate has appointed about 10 firms to the panel, although it would not confirm the exact number. The panel is subdivided into practice areas that include M&A and litigation. Other successful firms include King & Wood Mallesons, Davis Polk & Wardwell and Reed Smith, along with the magic circle quartet of Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Slaughter and May. Between five and 10 firms have been allotted to each practice area, depending on demand.

    1 minute read

  • October 24, 2013 |

    Reed Smith launches cross-selling client service

    Reed Smith has claimed to have won new mandates through a programme that allows its lawyers to market the escrow services of several of its clients to other companies. The firm – which acts for many prominent global corporate trust companies that provide escrow services including Bank of New York Mellon and Capita – has developed a tool for its lawyers to link those providers with existing clients. Reed Smith said the tool had led to a large number of referrals for its clients' businesses and new clients for the firm, and had strengthened its relationships with existing clients.

    1 minute read

  • October 23, 2013 |

    Weil and Travers take centre stage in £450m theatre group sale

    Weil Gotshal & Manges and Travers Smith have taken the leading roles on US buyout firm Providence Equity Partners' acquisition of Ambassador Theatre Group (ATG). Providence bought the stake in the live-theatre operator, which hosts West End musicals including The Lion King and Wicked, from a group of current investors led by Exponent. The deal is estimated to be worth around £450m.

    1 minute read

  • October 17, 2013 |

    International trio advise on China's latest supermarket deal

    Davis Polk & Wardwell, Freshfields Bruckhaus Deringer and Morrison & Foerster (MoFo) have advised as Chinese retailer Wumart Stores agreed to take a minority stake in Thai supermarket chain CP Lotus for HK$2.3bn (£185m). The deal will see Wumart take possession of 36 Lotus supermarkets in mainland China including those in Beijing and Shanghai, but will not include Lotus' stores in the Guangdong and Hunan provinces.

    1 minute read

  • October 10, 2013 |

    Top firms set to do battle at 2013 British Legal Awards

    Linklaters is leading the way in nominations for the top practice awards as the shortlist for the 2013 British Legal Awards has been unveiled. The magic circle has nominations M&A, banking, financing or restructuring, and commercial team of the year categories. However, it missed out on the law firm of the year shortlist.

    1 minute read

  • October 10, 2013 |

    Firms invited to tender as delayed Nationwide panel review gets underway

    Nationwide has invited firms to pitch for places on its group-wide legal panel, four years after the appointment of its inaugural five-strong roster. The building society began its review process earlier this summer, after plans to start the review in early 2013 were delayed.

    1 minute read

  • October 8, 2013 |

    Reed Smith's top London earner took home £1.9m in 2012

    Reed Smith's highest remunerated partner in London took home £1.9m last year, according to limited liability partnership (LLP) filings. The figure is 19% up on what the firm's top earner's took in 2011.

    1 minute read

  • October 4, 2013 |

    Reed Smith global managing partner leaves for US bank role

    Reed Smith global managing partner Greg Jordan is leaving the firm to join the PNC Financial Services Group, in a surprise senior move. Jordan, who steps down after thirteen years as managing partner replaces outgoing PNC general counsel Bob Hoyt, who was last month headhunted by Barclays to replace outgoing legal chief Mark Harding.

    1 minute read

  • October 3, 2013 |

    Hogan Lovells, Reed Smith lead Islamic ship financing

    Hogan Lovells and Reed Smith have acted on Barwa Bank's $125m (£78m) Islamic facility made available to UAE-based shipping company Topaz Energy and Marine. The facility will finance 12 of Topaz's ships operating in the Persian Gulf and the Caspian Sea. It has two separate structures: a $110m (£68.2m) scheme for 10 existing vessels; and a $15m (£9.3m) deal for the purchase of two vessels under construction.

    1 minute read