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  • 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 | International Edition

    KKR, Permira and Apax storm ahead in private equity league

    Buy-out giants Kohlberg Kravis Roberts & Co (KKR), Permira and Apax Partners have emerged as the most lucrative clients in the sector in recent years, according to new research. Mergermarket rankings compiled exclusively for Legal Week show the private equity houses have completed the highest value of deals in Europe over the last three years.

    1 minute read

  • November 7, 2007 |

    KKR, Permira and Apax storm ahead in private equity league

    Buy-out giants Kohlberg Kravis Roberts & Co (KKR), Permira and Apax Partners have emerged as the most lucrative clients in the sector in recent years, according to new research. Mergermarket rankings compiled exclusively for Legal Week show the private equity houses have completed the highest value of deals in Europe over the last three years.

    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.

    1 minute read

  • November 7, 2007 |

    Commentary: Thou shalt not covet - there's just no point

    Here we have it. The best private equity house clients in Europe are the following: Kohlberg Kravis Roberts & Co (KKR), Permira, Apax Partners, Blackstone and Macquarie Bank. Some may disagree with this, but new Mergermarket rankings show that the five buy-out houses have worked on the greatest value of deals in Europe during the past three years.

    1 minute read

  • November 6, 2007 |

    CC lays off NY six in structured finance

    In one of the first clear signs that slumping credit markets are causing economic pain at law firms, Clifford Chance (CC) laid off six structured finance associates on Monday (5 November), writes the New York Law Journal. John Christian, the partner in charge of the magic circle firm's US personnel committee, said the firm had made a difficult "business decision" to lay off the six associates in a practice group that worked exclusively for credit rating agency Standard & Poor's (S&P). The lawyers in the group had reviewed the documentation S&P used to rate mortgage-backed securities, the market for which has collapsed in recent months.

    1 minute read

  • November 2, 2007 |

    ...Legal Week Lunchbox: 2/11/07...

    The five most popular articles on legalweek.com today; the pick of the day's posts (today's is a classic); Good Week, Bad Week; and lots more pre-weekend fun

    1 minute read

  • November 1, 2007 |

    Simpson Thacher follows Cravath with new bonus

    New York leader Simpson Thacher & Bartlett is to follow Cravath Swaine & Moore by paying associates and counsel a one-off bonus of up to $65,000 (£31,400), as another Manhattan pay war seems set to gather pace. The special bonus sees junior associates at Simpson Thacher bag up to $35,000 (£16,900), with senior associates pocketing between $50,000 (£24,100) and $65,000. The payment comes in addition to the usual end-of-year bonus.

    1 minute read

  • October 31, 2007 | International Edition

    Herbies bags role next to Slaughters on upcoming listing of Turkish broadcaster

    Herbert Smith has landed a role alongside Slaughter and May on the upcoming London float of Turkish broadcaster Digiturk. The deal sees Herbert Smith instructed for co-ordinators and bookrunners Lehman Brothers, JP Morgan and Credit Suisse as Turkey's largest digital television company moves to complete a London listing in November. The move is expected to offer a 25% stake in the business with a value of around $550m (£270m).

    1 minute read

  • October 31, 2007 |

    Herbies bags role next to Slaughters on upcoming listing of Turkish broadcaster

    Herbert Smith has landed a role alongside Slaughter and May on the upcoming London float of Turkish broadcaster Digiturk. The deal sees Herbert Smith instructed for co-ordinators and bookrunners Lehman Brothers, JP Morgan and Credit Suisse as Turkey's largest digital television company moves to complete a London listing in November. The move is expected to offer a 25% stake in the business with a value of around $550m (£270m).

    1 minute read