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  • April 4, 2008 |

    Sidley snaps up senior funds man from SJs

    Sidley Austin has bagged a new City partner for its financial services team with the addition of Bruce Gardner from SJ Berwin. Gardner, who specialises in hedge funds and financial markets, left SJ Berwin today (4 April) and will join the top 10 US firm's London office next week. He takes with him one associate.

    1 minute read

  • April 3, 2008 |

    Boardman hits AmLaw's deal partner list as sole UK lawyer

    Slaughter and May corporate heavyweight Nigel Boardman has become the only UK partner to feature in a ranking of leading deal lawyers compiled by Legal Week's US sister title The American Lawyer. The magazine's annual Dealmakers of the Year list shows Boardman, who has been a partner with Slaughters since 1982 after joining the firm in 1973, to be the sole UK face among a group of high-profile US partners.

    1 minute read

  • April 3, 2008 | International Edition

    City partnership rounds hold up despite financial market fears

    Herbert Smith and Olswang have both announced bumper crops of new partners, as the UK's top law firms cast aside fears about the credit crunch to announce their latest round of partnership promotions. The pair join firms including Macfarlanes, CMS Cameron McKenna and Wragge & Co to increase their tallies on last year, with Trowers & Hamlins the only firm to date to see a significant drop in its number of new partners.

    1 minute read

  • April 3, 2008 |

    City partnership rounds hold up despite financial market fears

    Herbert Smith and Olswang have both announced bumper crops of new partners, as the UK's top law firms cast aside fears about the credit crunch to announce their latest round of partnership promotions. The pair join firms including Macfarlanes, CMS Cameron McKenna and Wragge & Co to increase their tallies on last year, with Trowers & Hamlins the only firm to date to see a significant drop in its number of new partners.

    1 minute read

  • March 25, 2008 | International Edition

    Olswang makes up record 10 to partnership

    Olswang is set to break through the 100-partner barrier for the first time after unveiling its largest round of partner promotions to date. The top 20 City firm is promoting 10 of its associates to the partnership with effect from 1 May, in what represents its largest batch of promotions since the firm's foundation in 1981.

    1 minute read

  • March 25, 2008 |

    Olswang makes up record 10 to partnership

    Olswang is set to break through the 100-partner barrier for the first time after unveiling its largest round of partner promotions to date. The top 20 City firm is promoting 10 of its associates to the partnership with effect from 1 May, in what represents its largest batch of promotions since the firm's foundation in 1981.

    1 minute read

  • March 20, 2008 |

    Advisers scramble as credit turmoil claims Carlyle fund and Bear Stearns

    Finance lawyers are scrambling to position themselves globally after renewed turmoil in credit markets led to the collapse of two hedge funds in Europe and the fire-sale of Wall Street giant Bear Stearns.First to secure lead roles were Skadden Arps Slate Meagher & Flom and Linklaters as Carlyle Capital Corporation announced its liquidation after defaulting on debts of $16bn (£7.8bn).

    1 minute read

  • March 18, 2008 |

    JP Morgan sets aside $6bn to combat Bear Stearns claims as Wachtell secures trophy mandate

    JP Morgan Chase is setting aside $6bn (£2.9bn) to cover potential litigation as it agrees to buy stricken Wall Street giant Bear Stearns for just $240m (£119m). Following the announcement on 16 March that it is buying the bank for a fraction of its previous value, JP Morgan said it is estimating the cost of the transaction at around $6bn - taking into account the potential of litigation stemming from the drop in Bear Stearn's stock value and severance costs.

    1 minute read

  • March 5, 2008 |

    Kirkland, Sidley win €216m bank buy-out roles

    Kirkland & Ellis and Sidley Austin have advised on Allied Irish Bank's acquisition of a 49.99% stake in Bulgarian American Credit Bank (BACB) for €216m (£166m). The deal, which is set to close over the next few months, has seen Sidley London corporate partner Thomas Thesing lead the team advising Allied Irish.

    1 minute read

  • February 20, 2008 |

    Up from the ashes

    The ladies' room at Clifford Chance's (CC's) New York office is replete with small luxuries usually found in the dressing rooms of private clubs - moisturising lotion, hair spray, mouthwash and fragrance, among other niceties. But what really stands out are the bottles of Molton Brown soap perched to the right of each basin. Fine English soap gracing the counters of a washroom in midtown Manhattan is a minor yet telling detail. Like Molton Brown, CC is an institution that has transformed itself into an international brand - albeit one that has had a hell of a time keeping some of its US partners in line since a messy 2000 merger with New York's Rogers & Wells.

    1 minute read