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  • April 24, 2008 |

    Reed Smith ditches Richards Butler tag early

    Reed Smith has renamed its European and Middle Eastern operations as the US firm consolidates after a spate of merger deals. Reed Smith Richards Butler and Reed Smith Rambaud Charot - the firm's UK and French operations - will practise simply as Reed Smith from 1 May. The firm had also previously operated as Reed Smith Richards Butler in the Middle East.

    1 minute read

  • April 17, 2008 |

    Crunch sees Reed Smith end blanket ban on suing banks

    Reed Smith has ended its self-imposed ban on litigating against banks with the firm now reviewing financial disputes on a case-by-case basis. The move, an apparent reaction to the expectations of a surge in bank-related litigation due to prolonged credit turmoil, is a shift for the firm, which called time on legacy UK firm's Richards Butler's practice of acting against banks after their 2007 merger.

    1 minute read

  • April 15, 2008 |

    Kirkland captures Chicago trio from rival

    Kirkland & Ellis has hired a trio of partners from Mayer Brown in Chicago, adding in private equity, real estate and tax. Bruce Gelman, Thomas Geraghty and Joshua Hanna have all joined from the Chicago base of the rival US firm, where they were all partners.

    1 minute read

  • April 10, 2008 | International Edition

    Simmons and Reed Smith swoop in to land roles on Airbus finance panel

    Simmons & Simmons and Reed Smith have joined a raft of firms appointed to the new Airbus financing panel. Simmons, Reed Smith, Norton Rose, White & Case and Allen & Overy (A&O) have all been given places on the panel, which provides legal advice on issues relating to the financing of new Airbus aircraft.

    1 minute read

  • April 10, 2008 |

    Simmons and Reed Smith swoop in to land roles on Airbus finance panel

    Simmons & Simmons and Reed Smith have joined a raft of firms appointed to the new Airbus financing panel. Simmons, Reed Smith, Norton Rose, White & Case and Allen & Overy (A&O) have all been given places on the panel, which provides legal advice on issues relating to the financing of new Airbus aircraft.

    1 minute read

  • April 9, 2008 |

    The sultan of Bruni

    With the UK only now getting over its slightly embarrassing teenage-style crush on French premiere madame Carla Bruni (well, not French as such, but... you know), The Diary was last week picking over the metaphorical bones of the super-exclusive reception held for M Sarkozy at the Guildhall on 27 March. The legal profession was represented by such grande fromages as Herbert Smith chief David Gold and SJ Berwin counterpart Ralph Cohen, who rubbed shoulders on table two with a chap from Reed Smith.

    1 minute read

  • April 4, 2008 |

    Morgan Lewis picks up Paris funds partner

    Morgan Lewis & Bockius has strengthened its Paris arm with the hire of Debevoise & Plimpton local private equity and fund formation head Ann Baker. Baker, who was an international counsel at Debevoise, becomes the first dedicated funds partner at Morgan Lewis' French outpost. She is accompanied to her new firm by associate Rima Maitrehenry.

    1 minute read

  • April 3, 2008 |

    Reed Smith snares Clydes asset finance hire

    Reed Smith Richards Butler has moved to strengthen its City asset finance team with the hire of a partner from Clyde & Co. Siva Subramaniam joined the US firm from Clydes yesterday (2 April). He had been a partner at the top 20 UK law firm for the last two years.

    1 minute read

  • April 2, 2008 |

    Middle East and India: The new road to riches

    It is easy to become blase about the significance of law firms entering a new market in their droves, and for the pace of change in that market to become a platitudinous talking point among lawyers.But it was not that long ago that some lawyers in the Middle East outposts of City firms routinely took advantage of the Gulf weekend being on Thursdays and Fridays, by rolling the local weekend into the Western weekend for a bumper four-day rest, leaving three days to get their weekly work done. Now it is more common for Gulf lawyers to work both weekends, such is the volume of business being done in the region.

    1 minute read

  • March 28, 2008 |

    Sovereign funds to drive '08 M&A - report

    Sovereign wealth funds and a rise in corporate defaults are likely to drive M&A activity over the next 12 months, according to new research published by Mergermarket. The latest Global M&A and Debt Market Outlook survey of US and European executives and advisers found 64% of respondents predicting an increase in corporate defaults. Seventy percent expected such a rise in the US, with 50% anticipating an increase in Europe over the same period.

    1 minute read