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  • November 13, 2007 |

    Norton Rose hit by Wright move to Morgan Lewis

    Morgan Lewis & Bockius has bolstered its corporate finance practice with the hire of a partner from City giant Norton Rose, it was announced today (13 November). Iain Wright, who specialises in M&A and equity capital markets work, joins the London arm of Morgan Lewis as a partner.

    1 minute read

  • November 12, 2007 | International Edition

    Cleary makes up eight in latest partner round

    Cleary Gottlieb Steen & Hamilton has elected eight new partners and a raft of counsel in its latest promotion round - although the firm's London arm misses out on the promotions altogether. The New York leader announced today (12 November) that it had made up 11 new counsel as well as the eight partners, with those given the nod stepping up to their new roles from 1 January, 2008.

    1 minute read

  • November 12, 2007 |

    Cleary makes up eight in latest partner round

    Cleary Gottlieb Steen & Hamilton has elected eight new partners and a raft of counsel in its latest promotion round - although the firm's London arm misses out on the promotions altogether. The New York leader announced today (12 November) that it had made up 11 new counsel as well as the eight partners, with those given the nod stepping up to their new roles from 1 January, 2008.

    1 minute read

  • November 12, 2007 |

    Shearman, Fried Frank follow suit on NY bonus

    Shearman & Sterling and Fried Frank Harris Shriver & Jacobson have announced their intention to give associates a "special" one-time bonus as well as the traditional year-end bonus, the New York Law Journal reports. The New York duo both said last week (9 November) that they will award special bonuses ranging from $10,000 (£4,800) up to $50,000 (£24,020). The payments come in addition to class-year bonuses of between $35,000 (£16,810) to $65,000 (£31,220).

    1 minute read

  • November 8, 2007 |

    CC wades in to New York bonus war

    Clifford Chance (CC) has come out as the first UK firm to hand out a one-off bonus of up to $50,000 (£24,000) to US associates, as the New York pay war gathers pace. Craig Medwick, CC's regional managing partner for the Americas, told the firm's New York-based associates today (7 November) they would receive a special bonus ranging from $10,000 (£4,800) for first-years to $50,000 for senior associates.

    1 minute read

  • November 7, 2007 |

    Cravath pay-out kicks off bonus war as NY associates' pay packets soar

    A raft of New York law firms are following Cravath Swaine & Moore's decision to pay a special 'one-off' bonus of up to $65,000 (£31,200) to associates and counsel. As reported by Legal Week sister publication The New York Law Journal, Cravath set the ball rolling last Monday (29 October), announcing that associates will pocket a one-off payment of between $10,000 (£4,800) and $50,000 (£24,000), in addition to their standard year-end bonus.

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  • November 7, 2007 |

    A&O's hot streak in Holland continues

    Allen & Overy (A&O) has picked up another big-ticket European mandate advising car navigation system maker Garmin on its E2.3bn (£1.6bn) hostile bid for Tele Atlas. Amsterdam corporate partners Jan Louis Burggraaf and Tim Stevens are advising the new client, alongside Cleary Gottlieb Steen & Hamilton.

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  • November 7, 2007 |

    Sidley edges in to advise on $80bn 'superfund' creation

    Top US securitisation practice Sidley Austin has secured a high-profile instruction to advise alongside rival Mayer Brown on the cutting-edge $80bn (£38bn) 'superfund' designed to restore confidence in the credit markets, as firms look to secure roles on the process. The fund, created by Citi, Bank of America and JP Morgan Chase, was announced at the end of last month and aims to halt a further drop in market prices by offering to buy assets from structured investment vehicles (SIVs), helping them to avoid dumping securities.

    1 minute read

  • October 25, 2007 |

    A&O joins US duo on creation of $80bn superfund

    Allen & Overy (A&O), Mayer Brown and Cleary Gottlieb Steen & Hamilton have bagged roles advising on the creation of an $80bn (£39bn) superfund designed to kick-start the financial markets. A&O and Mayer Brown are advising the structuring banks - Citi, Bank of America and JP Morgan - on UK and US matters respectively.

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  • October 24, 2007 |

    Lovells drinks to SABMiller's Coors tie-up

    Lovells has reaffirmed its relationship with trophy client SABMiller by advising the brewing giant on a multibillion-pound tie-up with market rival Molson Coors Brewing Company.

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