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  • May 26, 2010 |

    China: Years of the dragon

    On Tuesday 4 May at 7:30am a car arrived to pick up former Lovells Beijing managing partner Robert Lewis from his house in the Shunyi district of the Chinese capital, a part of town popular with expats. As it weaved its way off the estate and onto the traffic-choked main road leading to the city centre, Lewis thought about what lay ahead for him at AllBright Law Offices, the Chinese law firm where he was about to start his first day's work. His decision to join the firm, where his brief is to overhaul AllBright's structure and expand its Beijing office to match its market-leading offering in Shanghai, is one Lewis has been edging towards for years now, and he maintains it is unrelated to Lovells' recently concluded merger with US firm Hogan & Hartson.

    1 minute read

  • May 19, 2010 |

    Citigroup names 'golden nine' line-up of UK firms in two-tier EMEA panel

    Citigroup has overhauled its external legal arrangements, creating two new panels of preferred law firms. The banking giant has unveiled new panels of advisers in the Europe, Middle East and Asia (EMEA) region and the US, formalising its previous roster of law firms.

    1 minute read

  • April 27, 2010 |

    Elite trio take top roles on US Treasury's Citigroup share sale

    Simpson Thacher & Bartlett is advising the US Treasury on its plan to unload 7.7 billion government-owned Citigroup shares in a series of sales rather than all at once, reports The Am Law Daily. The US Government has retained Morgan Stanley to prepare the sale and place the initial batch of 1.5 billion Citi shares on the market, with Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton sharing the job of advising Morgan Stanley.

    1 minute read

  • April 14, 2010 |

    US Briefing: Road trip

    At around 3pm on 6 October 2009, roughly 100 lawyers and executives filed into a conference room in Skadden Arps Slate Meagher & Flom's Manhattan office. It had taken three years, 11 months and 29 days to get to this moment: Delphi was emerging from the depths of bankruptcy and passing into the hands of its former parent, General Motors Company (GM), as well as two lenders. There was a palpable sense of exhaustion in the room; the close had been convened seven hours earlier. The Veuve Clicquot, selected by Delphi lead lawyer John 'Jack' Butler Jr but poured prematurely, was flat.

    1 minute read

  • April 14, 2010 |

    CC relocates Hong Kong finance partner to Singapore MP position

    Clifford Chance (CC) has appointed Geraint Hughes as managing partner of its Singapore office as incumbent Philip Rapp steps down after 11 years. Hughes, who became a partner in 1999 and has a general corporate and commercial practice focusing on oil and gas and projects work, will take over the role from 1 May. He is currently based in the firm's Hong Kong finance practice, and will relocate to Singapore as part of the new role. He will continue to manage CC's Asia energy group.

    1 minute read

  • March 19, 2010 |

    Cravath posts rising revenue and partner profits for 2009

    Cravath Swaine & Moore has posted strong financial results for 2009 after a tough year for New York's elite law firms, reports The Am Law Daily. The US firm saw revenues rise by 7% to $569m (£376m), while profits per equity partner (PEP) increased by 8% to $2.7m (£1.8m).

    1 minute read

  • March 17, 2010 | International Edition

    Pharmaceuticals: The game changer

    The pharmaceutical industry is facing uncertain times as a once-lucrative business model buckles under a globalising world economy. Charlotte Edmond reports on the companies and lawyers battling to secure all-important intellectual property in a rapidly changing market

    1 minute read

  • March 17, 2010 |

    Pharmaceuticals: The game changer

    The pharmaceutical industry is facing uncertain times as a once-lucrative business model buckles under a globalising world economy. Charlotte Edmond reports on the companies and lawyers battling to secure all-important intellectual property in a rapidly changing market

    1 minute read

  • March 15, 2010 |

    Davis Polk posts 10% profits hike as elite NY trio unveil 2009 financials

    Davis Polk & Wardwell has posted a 10% increase in profits per equity partner (PEP) for 2009, marking the firm out as one of the strongest performers among New York's elite law firms, reports The Am Law Daily. The firm also saw revenues rise by 7%, which represents the highest percentage growth reported so far among New York firms.

    1 minute read

  • March 10, 2010 |

    US briefing: Still paved with gold

    Nothing captured the spirit of the leveraged age for Wall Street law firms quite so much as the private equity 'club' deal. As the name suggests, the deals attracted quite the crowd: lawyers for the consortium of buyers, the underwriters who scrambled over themselves to fund the buyouts and the target company. To celebrate a closing, the lawyers even threw what passes in the corporate legal world as a party: speeches, champagne and the exchange of Lucite trophies.

    1 minute read