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  • February 6, 2012 |

    Skadden boosts Germany with double partner hire from Shearman

    Skadden Arps Slate Meagher & Flom is set to launch a dedicated capital markets practice in Germany, with the hire of two partners from US rival Shearman & Sterling. The New York firm has hired Shearman's European capital markets head Stephan Hutter and fellow partner Katja Kaulamo for its Frankfurt office, taking its partner count in Germany to nine, including six in Frankfurt.

    1 minute read

  • February 6, 2012 |

    Weil Gotshal posts 4% revenue rise for 2011 as partner profits grow 8%

    Weil Gotshal & Manges has posted a 4% rise in firmwide revenues alongside an 8% increase in partner profits, reports The Am Law Daily. The US firm, which saw both revenues and profits slip in 2010, enjoyed moderate growth in 2011, with revenues rising from $1.185bn (£753m) to $1.229bn (£781m).

    1 minute read

  • February 5, 2012 |

    Ashurst makes debut for new client opposite Linklaters on $800m TPG buyout

    Linklaters and Ashurst have taken lead roles on TPG Capital's $800m (£508m) acquisition of hedge fund services company GlobeOp. Linklaters won the lead role for the buyout house, fielding a team led by corporate partner Charlie Jacobs and private equity partner Carlton Evans.

    1 minute read

  • February 2, 2012 |

    CC, Linklaters and SNR Denton take lead roles as Petroplus files for administration

    Clifford Chance (CC), Linklaters and SNR Denton have picked up lead roles after one of Europe's largest independent refiners, Petroplus, defaulted on $1.75bn (£1.12bn) of debt and filed for insolvency last week 
(24 January). The Swiss company's UK arm, Petroplus Refining & Marketing, a key source of petrol for London and the Southeast, instructed magic circle firm CC on the insolvency, with London restructuring partner John MacLennan taking the lead.

    1 minute read

  • February 1, 2012 |

    Hogan Lovells equity capital markets chief quits to join Latham's City arm

    Hogan Lovells equity capital markets (ECM) head Richard Brown has resigned from the firm to join Latham & Watkins. Brown's hire was confirmed through a partner vote at Latham last night (31 January) with his start date yet to be announced.

    1 minute read

  • January 31, 2012 |

    Slaughters takes MF Global dispute role; court docs reveal hourly rates

    Slaughter and May has been called in to advise on a multimillion-dollar dispute relating to the high-profile liquidation of US broker MF Global. An application by MF Global's trustee, James Giddens, to retain Slaughters as UK counsel was made in the New York courts at the close of last year, with approval subsequently granted.

    1 minute read

  • January 26, 2012 |

    Top law firm trio among advisers as College of Law gears up for sale

    A trio of firms have scored roles on the potential sale of the UK's biggest legal education provider - The College of Law. Allen & Overy (A&O), Weil Gotshal & Manges and Herbert Smith are among the firms advising on the potential sale, which was confirmed by the College in September last year.

    1 minute read

  • January 25, 2012 |

    Weil's London office seals hire of Hogan Lovells finance partner

    Weil Gotshal & Manges has strengthened its London finance practice with the hire of international finance partner Mark Donald from Hogan Lovells. Donald, who handed in his notice this week and will join the US firm's City base later in the year, focuses on domestic and cross-border leveraged and acquisition finance, real estate finance and fund financing.

    1 minute read

  • January 19, 2012 |

    Stayin' alive (just) – high street woe looks set to shake restructuring market out of relative calm

    With budget fashion retailers Peacocks and Barratts this week looking set to join a growing list of high street casualties in the latest round of economic turmoil, 2012 should – in theory – shape up to be a busy year for City restructuring and insolvency partners. To date, January has already seen the likes of Addleshaw Goddard, Travers Smith, Linklaters and SJ Berwin win roles on the administrations of Blacks Leisure and lingerie chain La Senza and, with many predicting a surge of additional collapses, the tally of firms winning work from turbulence on the high street is obviously set to increase. Still, a quick glance behind the more high-profile headlines shows that restructuring – and in particular, insolvency – work has so far failed to see the sustained upsurge predicted in the wake of Lehman Brothers' collapse and the onset of the last recession. While there was a run of deals in the wake of the banking crisis through 2009 and early 2010, by consensus pickings have been slimmer than restructuring teams expected.

    1 minute read

  • January 19, 2012 |

    A fresh start - reinvigorating one of America's leading law firms

    After a few tough years, O'Melveny has a new chair and a revamped strategy. Drew Combs reports

    1 minute read