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  • June 21, 2007 | International Edition

    US firms resist Weil-style pay hikes as salary market begins to fragment

    O'Melveny & Myers, LeBoeuf Lamb Greene & MacRae and Hogan & Hartson have set their London associate salary rates, with the firms holding fast against the increases announced at Weil Gotshal & Manges last week. All three have remained in line with the mid-Atlantic newly-qualified rates set by White & Case (£76,000) and Shearman & Sterling (£75,000) earlier this year.

    1 minute read

  • June 21, 2007 |

    US firms resist Weil-style pay hikes as salary market begins to fragment

    O'Melveny & Myers, LeBoeuf Lamb Greene & MacRae and Hogan & Hartson have set their London associate salary rates, with the firms holding fast against the increases announced at Weil Gotshal & Manges last week. All three have remained in line with the mid-Atlantic newly-qualified rates set by White & Case (£76,000) and Shearman & Sterling (£75,000) earlier this year.

    1 minute read

  • June 21, 2007 |

    Summer surge gifts top City firms big-ticket IPOs

    A busy seven days for initial public offerings (IPOs) has gifted corporate mandates to a raft of City law firms as the number of companies coming to market surges before the summer break. White & Case, Norton Rose and Baker & McKenzie were among the main recipients of the listings, which had a combined value of more than £3bn.

    1 minute read

  • June 15, 2007 |

    Weil Gotshal hikes NQ salaries by 20% to £90,000

    Weil Gotshal & Manges will pay its London newly-qualified lawyers £90,000 after boosting its salaries by 20% to pay the same level as many of Wall Street's elite. The mid-Atlantic firm internally announced the pay bands today (15 June) and has increased all other associate bands by around 17%. Salaries for three year-qualified lawyers have risen from £98,000 to £114,660.

    1 minute read

  • June 13, 2007 |

    Cleary wins E9bn role on energy tie-up as Italian consolidation continues apace

    Cleary Gottlieb Steen & Hamilton and Italian boutique Pavesi Getti have bagged the lead roles on a E9bn (£6.1bn) merger that will create Italy's third-largest energy company and biggest local utility.

    1 minute read

  • June 13, 2007 |

    Hengeler, Cleary wrap up €1bn Gerresheimer IPO

    Hengeler Mueller and Cleary Gottlieb Steen & Hamilton have bagged lead roles on the €1bn (£677m) initial public offering (IPO) of drug packaging maker Gerresheimer - the biggest completed float in Germany this year. Hengeler acted for Gerresheimer, with Frankfurt capital markets partner Daniela Favoccia leading a team including fellow partners Reinhold Ernst (capital markets), Matthias Blaum (corporate) and Heinrich Knepper (finance).

    1 minute read

  • May 25, 2007 |

    Skadden leads on $3.7bn Nasdaq-OMX tie-up

    New York giants Skadden Arps Slate Meagher & Flom and Cleary Gottlieb Steen & Hamilton have bagged roles on the $3.7bn (£1.9bn) acquisition of Nordic exchange operator OMX Group by Nasdaq. Skadden has teamed up with local outfit Cederquist to advise Nasdaq, while Cleary and Swedish leader Vinge are advising the target.

    1 minute read

  • May 24, 2007 |

    Latham don't give a damn about the dollar (for now)

    What a generous bunch they are at the City arm of Latham & Watkins. As reported in the current issue of Legal Week (see story), LA’s finest legal…

    1 minute read

  • May 23, 2007 |

    Latham boosts City pay with dollar exchange rate freeze

    Latham & Watkins is handing out bigger pay packets to its London associates than those in New York, with the US firm emerging as one of the highest-paying outfits in the City.

    1 minute read

  • May 22, 2007 |

    Manhattan duo lead GE's $12bn plastics sale

    Weil Gotshal & Manges and Shearman & Sterling have bagged lead roles on the sale by General Electric (GE) of its plastics business to Saudi Basic Industries in a $11.6bn (£5.9bn) deal. Shearman advised the buyer, with firm co-managing partner John Madden and New York-based corporate partner Stephen Besen leading the team acting on behalf of Saudi.

    1 minute read