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  • May 11, 2011 |

    BLP adds financial services partner to City base with Mayer Brown hire

    Berwin Leighton Paisner (BLP) has hired Mayer Brown financial services partner Nick Kynoch in a bid to strengthen its City practice. Kynoch joined the UK top 20 firm's financial services and markets group last week along with two associates, after 10 years at Mayer Brown. He has been a partner since 2007, and his client portfolio includes Bank of New York Mellon, Northern Trust, Danske Bank and RBC Dexia.

    1 minute read

  • May 5, 2011 |

    Ashurst rebuilds US securities team with ex-Linklaters veterans

    Ashurst has moved to rebuild its US securities practice in London after all three partners in the group handed in their notice earlier this year. The top 10 City law firm has hired two partners for the team - Linklaters corporate finance partner Ray Fisher, who is currently based in the magic circle firm's New York office, and Jennifer Schneck, who left Linklaters' London office in 2009. Both joined Ashurst this week.

    1 minute read

  • April 7, 2011 |

    A&O wins role alongside US duo on $2.35bn Pringles deal

    Allen & Overy (A&O) has won a role to advise Diamond Foods on its $2.35bn (£1.4bn) merger with the Pringles unit of Procter & Gamble (P&G). In the transaction, P&G will receive 29 million shares of Diamond common stock worth $1.5bn (£920m), which will constitute 57% of the merged entity, reports The Am Law Daily. At the same time, US food company Diamond will assume $850m (£521m) in Pringles debt, giving Diamond shareholders a 43% stake in the merged company.

    1 minute read

  • April 5, 2011 |

    Jones Day City heavyweight quits with senior colleague

    Jones Day's London managing partner Russell Carmedy and European head of private equity Michael Nouril are set to leave the firm, with the pair handing in their notice last week (1 April). Corporate partner Carmedy has led Jones Day's UK practice since the firm merged with Gouldens in 2003, when Carmedy was co-managing partner of the UK firm. A highly-regarded corporate lawyer, his practice focuses on cross-border M&A and leveraged private equity and he has advised on deals in sectors including natural resources, healthcare and technology. Nouril, who has also been at Jones Day since the 2003 merger, advises private equity and hedge funds, entrepreneurs and family offices.

    1 minute read

  • April 5, 2011 |

    DLA Piper partner trio exit for rival US firms' City arms

    DLA Piper is set to see a trio of high-profile partner departures, with its global co-head of litigation, its EMEA head of corporate crime and investigations and its EMEA private equity head all leaving for rival US law firms. Joint global litigation chief Neil Gerrard and EMEA corporate crime head Jonathan Pickworth are both leaving to join Dechert in London, while EMEA private equity chief Will Rosen is to join the City arm of Ropes & Gray.

    1 minute read

  • April 4, 2011 |

    DLA Piper's EMEA private equity head joins Ropes & Gray's London base

    Ropes & Gray has added to its London private equity practice with the hire of DLA Piper's EMEA private equity chief Will Rosen. Rosen, who joined DLA from fellow US firm Weil Gotshal & Manges in 2008, advises private equity funds and corporate clients on M&A, venture capital investments and private equity transactions. He is expected to join Ropes in June.

    1 minute read

  • April 1, 2011 |

    Jones Day's London head and Euro private equity chief exit firm

    Jones Day's London managing partner Russell Carmedy and European head of private equity Michael Nouril are set to leave the firm. The pair handed in their notice earlier today (1 April). Corporate partner Carmedy has led Jones Day's UK practice since the firm merged with Gouldens in 2003, when Carmedy was co-managing partner of the UK firm. His practice focuses on cross-border M&A and leveraged private equity and he has advised on deals in sectors including natural resources, healthcare, and technology.

    1 minute read

  • April 1, 2011 |

    Three Ashurst US securities partners to depart firm's London office

    Ashurst is set to see all three of its London-based US securities partners leave the firm. Corporate partners Daniel Bushner, Eric Stuart and Marie Elena Angulo have handed in their notice, with the departures first reported on legal website RollonFriday earlier this morning (1 April). A partner at the firm said Ashurst intended to replace the trio with a team of lateral hires, stating that they were in 'advanced talks' with at least two partners from a rival firm.

    1 minute read

  • March 21, 2011 |

    Weil adds partner to City capital markets team with Shearman hire

    Weil Gotshal & Manges has added to its London capital markets practice with the hire of a new partner from Shearman & Sterling. Rob Ferguson, who will join Weil's partnership from his of counsel role at Shearman, has a mainly issuer-focused equity practice, and advises on a range of capital markets transactions including high yield and investment grade debt and equity offerings. His investment banking clients have included Barclays Capital, Credit Suisse, HSBC, Bank of America Merrill Lynch and Standard Chartered Bank.

    1 minute read

  • March 16, 2011 |

    A Huawei backlash? China's new security regime for foreign deals bodes ill for Western lawyers

    Last month, leading Chinese networking equipment maker Huawei Technologies bowed to a recommendation by the Committee on Foreign Investment in the US (CFIUS) and withdrew its attempt to purchase $2m (£1.24m) worth of server patents from California's 3Leaf Systems. The inter-agency CFIUS, charged with reviewing transactions for national security risks, had voiced concern about Huawei's possible ties to the Chinese military. Similar concerns killed Huawei's 2008 attempt to buy a stake in networking company 3Com, which was later acquired by Hewlett-Packard. In February, the Chinese company released an open letter asking the US Government to conduct a formal investigation to dispel the "rumours and misperceptions" that Huawei somehow posed a threat to US national security.

    1 minute read