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  • December 16, 2011 |

    Davis Polk, Clifford Chance latest to announce US bonus rates

    Davis Polk & Wardwell has become the latest firm to announce US associate bonuses, with the firm opting to match rates first set by Wall Street rival Cravath Swaine & Moore last month, writes The Am Law Daily. Like Cravath, Davis Polk's bonus scale starts at $7,500 (£4,800) for those in the class of 2010 and increases incrementally to $37,500 (£24,200) for the class of 2004, according to an announcement sent out to the firm's associates on Monday (12 December).

    1 minute read

  • December 15, 2011 |

    Shearman adds four to City partnership in annual promotion round

    Shearman & Sterling has become the latest US firm to announce its global partner promotions, with nearly half of new partners joining in the firm's City office. Thomas Donegan is joining the global financial regulatory practice area in London, while Peter Hayes will be joining the finance department. M&A lawyer Jeremy Kutner and bankruptcy specialist Solomon Noh have also been promoted in London.

    1 minute read

  • December 7, 2011 |

    London Office of the Year: Weil Gotshal & Manges

    Weil Gotshal & Manges has dubbed 2011 "the most strategically significant year for its London office since it was launched 15 years ago". The judges were suitably impressed with the evidence to support this statement, including a hugely impressive roster of senior partner hires from leading UK rivals. In recent months the office, which is led by Mike Francies, has hired partners from Jones Day, Ashurst, Shearman & Sterling and Debevoise & Plimpton.

    1 minute read

  • December 7, 2011 |

    M&A Team of the Year: Slaughter and May

    Slaughter and May's work advising British Airways (BA) on its 
merger with Spanish airline Iberia secures it the highly-prized M&A Team of the Year Award. The deal was a complex one, given that it involved two flagship national airlines operating within a highly-regulated sector. It drew on Slaughters' expertise in corporate, capital markets, regulatory, tax and commercial law. The merger was completed in January 2011 and created a new holding company, International Consolidated Airlines Group (IAG). It is one of the world's largest airlines, and the second-largest in Europe, having a market value £5.3bn at the time of the merger.

    1 minute read

  • November 30, 2011 |

    Shearman reveals London diversity stats, with women making up 20% of partnership

    Shearman & Sterling has become the first US firm in London to publish diversity statistics ahead of a controversial requirement from the Legal Services Board (LSB) that will make such reporting compulsory from December 2012.

    1 minute read

  • November 16, 2011 |

    The Cadbury hero - Hank Udow on his new role at Reed Elsevier and the epic Cadbury takeover

    Ex-Cadbury GC 
Hank Udow tells Friederike Heine how his legal team coped with Kraft's takeover

    1 minute read

  • November 16, 2011 |

    SJB, CC and others act as music company EMI split in two and sold

    SJ Berwin and Clifford Chance (CC) are among a host of firms to win roles as beleaguered music company EMI is split into two, with Universal Music set to take over the recording unit for £1.2bn and a Sony-led consortium bidding $2.2bn (£1.4bn) for the publishing business. EMI, home to artists including Pink Floyd, the Beatles and Blur, has been under Citigroup's ownership since February this year when it took it over from buyout house Terra Firma.

    1 minute read

  • November 11, 2011 |

    Shearman and Clifford Chance advise on $5.4bn Chilean copper deal

    Clifford Chance (CC) and Shearman and Sterling have advised as London mining giant Anglo American agreed to sell a share of its Chilean copper business to Mitsubishi for $5.39bn (£3.38bn).

    1 minute read

  • November 11, 2011 |

    SJ Berwin and CC lead as Universal and Sony-consortium split EMI

    SJ Berwin and Clifford Chance (CC) are among a host of firms to win roles as beleaguered music company EMI is to be split into two, with Universal Music set to take over the recording unit for £1.2bn and a Sony-led consortium bidding $2.2bn (£1.4bn) for the publishing business.

    1 minute read

  • November 1, 2011 |

    DLA, Vinson lead on TNK-BP's $1bn Brazilian energy project investment

    DLA Piper and Vinson & Elkins have won lead roles on TNK-BP's $1bn (£628m) acquisition of a 45% stake in a project pursuing oil and gas deposits in the Amazon basin in Brazil, reports The Am Law Daily. The deal is the first in Brazil for TNK-BP, a joint venture between oil giant BP and a consortium of Russian investors known as Alfa-Access-Renova.

    1 minute read