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  • October 12, 2011 |

    Global 100: Empire builders - does globalisation equal profit?

    Since the early days of the Global 100 survey, globalisation and profit have seemingly grown hand in hand. For the top 50 firms in 1999 – the first year that The American Lawyer published profits per equity partner (PEP) for what was then the Global 50 – the proportion of lawyers employed outside each firm's home country doubled, while PEP more than doubled. But whether there is a causal relationship between global expansion and financial success is unclear, whether one charts the performance of individual firms in a single year or over time. Star performers may be found among the most stubborn homebodies, like Slaughter and May, and the most persistent imperialists, like Allen & Overy (A&O).

    1 minute read

  • October 12, 2011 |

    Jones Day, CMS and Linklaters lead on hotel restructuring

    Jones Day, CMS Cameron McKenna and Linklaters have taken lead roles on the restructuring and pre-pack administration of Jarvis Hotels by Royal Bank of Scotland's distressed property unit and buyout firm Patron Capital.

    1 minute read

  • October 10, 2011 |

    Slaughters and A&O lead on £472m private equity credit card sale

    Slaughter and May and Allen & Overy (A&O) are leading a four-firm line-up advising on the £472m private equity sale of credit card provider SAV Credit to investment manager Vaerde Partners. Slaughters advised SAV owner Palamon Capital Partners on the sale, with London corporate partner David Wittmann leading a team that also included tax partner Graham Iversen.

    1 minute read

  • October 5, 2011 |

    The thrill of the race - going offshore the old-fashioned way

    Sailing is a popular competitive sport and leisure activity for people living in the Channel Islands and, together with a longstanding but friendly rivalry between the islands of Jersey and Guernsey, the inter-island yacht race is a compelling event. Given the competitive nature of many of our colleagues and clients, together with widespread participation in sailing, it seemed only natural for Carey Olsen to begin sponsoring the Channel Islands' premier sailing event two years ago. Alternating in direction each year, the course this year ran from St Helier in Jersey to St Peter Port in Guernsey and saw almost 70 yachts compete for overall honours as well as many individual prize categories such as first bilge and long keel boat, first young skipper, first family crew and first non-Channel Islands yacht.

    1 minute read

  • October 5, 2011 |

    Top 50 German law firms post 8% hike in fees in 2010-11 but eurozone fears dampen mood

    CMS Hasche Sigle has overtaken Hengeler Mueller to emerge as the largest German law firm by revenue, with the 10 largest firms in the country seeing an average revenue rise of 4% during their last financial year, according to new research. The rankings, compiled by German legal publication Juve, show Freshfields Bruckhaus Deringer retaining its position as the largest law firm in Germany with turnover of €334m (£286m), while CMS Hasche Sigle has passed Slaughter and May ally Hengeler with 3.9% revenue growth to rank second with revenues of €212m (£182m).

    1 minute read

  • September 28, 2011 |

    Orrick to launch City regulatory team with senior in-house duo

    Orrick Herrington & Sutcliffe is launching a regulatory practice in the City with the hire of two in-house lawyers from London-based liquidity provider Liquid Capital Markets (LCM). The US firm is set to bring in LCM's head of legal, Sam Millar, and fellow legal counsel Tony Katz as partners next month. Millar initially joined LCM from Jones Day in 2008, with Katz following in 2009 from the Financial Services Authority (FSA).

    1 minute read

  • September 26, 2011 |

    Jones Day continues Paris growth with hire of Latham competition partner

    Jones Day has strengthened its French antitrust and competition law practice with a partner hire from Latham & Watkins. Eric Barbier de La Serre is set to join Jones Day's Paris office next month (19 October) as the second partner in its local antitrust and European law practice.

    1 minute read

  • September 23, 2011 |

    Wachtell and Jones Day lead on $18.4bn aircraft manufacturing buyout

    Wachtell Lipton Rosen & Katz and Jones Day have taken lead roles on the $18.4bn (£11.9bn) acquisition of aircraft equipment maker Goodrich by United Techonologies Corporation (UTC), a deal that marks the conglomerate's largest-ever acquisition, reports The Am Law Daily. UTC is being advised by longstanding outside counsel Wachtell on the deal, which will see it pay $127.50 (£83) per Goodrich share in cash to acquire the target company and assume $1.9bn (£1.2bn) in debt.

    1 minute read

  • September 21, 2011 |

    Jones Day makes Simmons and Addleshaws hires for London base

    Jones Day has made a double partner hire in London with the addition of one partner apiece from Simmons & Simmons and Addleshaw Goddard. The US firm has hired Simmons corporate partner Paul Exley for its London energy practice, while Addleshaws financial institutions regulatory partner John Ahern is joining the equivalent team at Jones Day. Exley, who joined Simmons as a trainee and became a partner in 1995, has worked with clients including the Ministry of Defence. His practice focuses on cross-border M&A and commercial work in the energy and infrastructure sector, with a particular emphasis 
on oil and gas.

    1 minute read

  • September 21, 2011 |

    Moving on up - the realities of the journey from Bar to bench

    As the only High Court appointee from a five-strong round this year to already carry a judicial title, Judge Henry Globe QC marks the exception rather than the rule. Called to the Bar at Middle Temple in 1972, Globe started out like most, working with his set, Exchange Chambers, and practising as a junior counsel on the local circuit. Now, having been a circuit judge for the past eight years, Globe is joining the select few who make it as far as the High Court.

    1 minute read