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  • 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

  • February 20, 2008 |

    All over bar the moaning about the pound

    The good news for Clifford Chance (CC) is that the once-ceaseless sniping it suffered in Manhattan has been reduced to a few ex-partners making bitchy…

    1 minute read

  • February 14, 2008 |

    US quartet post healthy revenue rises for 2007

    US firms Sidley Austin, Nixon Peabody, Dechert and King & Spalding have all posted positive results for 2007.Top 10 firm Sidley Austin announced an 11% increase in revenues to reach $1.39bn (£709m) compared to $1.25bn (£638m) in 2006, while profits per equity partner (PEP) grew by 5.7% from $1.31m (£667,000) to $1.38m (£704,000).

    1 minute read

  • February 13, 2008 |

    Commentary: Sovereign wealth funds set to reign on international stage

    Ask top buy-out advisers if they have considered tapping into sovereign wealth funds and many will explain that they have been 'monitoring' these bodies for years. But the current indications are that 'monitoring' is swiftly about to become code for 'aggressively targeting' as M&A advisers scramble to get in on the ground floor with clients who look unaffected by the credit squeeze. As such, it is little surprise that private equity leader Clifford Chance (CC) has set up an informal cross-practice covering the area while sector rival Ashurst is considering setting up a similar team.

    1 minute read

  • February 12, 2008 | International Edition

    Sidley signs up Covington City tax man

    Sidley Austin has bagged a new tax partner in London, taking on David Hinds from the City arm of rival US firm Covington & Burling. Hinds, who was also a partner at Covington, will focus on fund formation work and fund-related transactions. Prior to joining Covington in 2002, Hinds was a partner at SJ Berwin. He is chairman of the UK branch of the International Fiscal Association.

    1 minute read

  • February 12, 2008 |

    Sidley signs up Covington City tax man

    Sidley Austin has bagged a new tax partner in London, taking on David Hinds from the City arm of rival US firm Covington & Burling. Hinds, who was also a partner at Covington, will focus on fund formation work and fund-related transactions. Prior to joining Covington in 2002, Hinds was a partner at SJ Berwin. He is chairman of the UK branch of the International Fiscal Association.

    1 minute read

  • February 8, 2008 | International Edition

    A&O claims pole position in '07 DCM tables

    Allen & Overy (A&O) has held on to top spot in the latest international debt capital markets rankings, with the magic circle firm seizing an 8% market share for 2007. A&O advised managers on 651 deals worth a combined $331.8bn (£170.4bn) over the last year to top the table, compiled by Thomson Financial.

    1 minute read

  • February 8, 2008 |

    A&O claims pole position in '07 DCM tables

    Allen & Overy (A&O) has held on to top spot in the latest international debt capital markets rankings, with the magic circle firm seizing an 8% market share for 2007. A&O advised managers on 651 deals worth a combined $331.8bn (£170.4bn) over the last year to top the table, compiled by Thomson Financial.

    1 minute read

  • February 7, 2008 |

    Cadwalader hit by 6% PEP drop as US firms' 2007 results emerge

    Wilmer Cutler Pickering Hale and Dorr, Cadwalader Wickersham & Taft and Morgan Lewis & Bockius are among a swathe of US firms to have announced their latest financial results, with Cadwalader the first firm to take a hit on its profits for 2007.Cadwalader reported a fall in profits per equity partner (PEP) from $2.9m (£1.48m) 2006 to $2.72m (£1.38m) this year, while overall revenue at the firm stands at $587m (£299m), up 5% from $556m (£283m) last year.

    1 minute read