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  • April 14, 2009 |

    Latham and Jones Day head up $600m Satyam auction

    Latham & Watkins and Jones Day have won lead roles on the Indian Government-sponsored auction for outsourcing firm Satyam Computer Services, reports The Am Law Daily.On Monday (13 April), the scandal-plagued company announced the sale of a 51% stake in its business to Indian telecommunications company Tech Mahindra in a deal valued at nearly $600m (£403m).Hyderabad-based Satyam found itself on the verge of collapse in early January after founder and former chairman Ramalinga Raju admitted to board members that the company's accounts had been falsified. Last week India's Central Bureau of Investigation charged nine people - including Raju and two of Satyam's outside auditors from PricewaterhouseCoopers - with forgery and fraud.

    1 minute read

  • April 9, 2009 |

    US firms outpace UK rivals to lead Q1 M&A rankings

    Wall Street has trumped UK rivals to top the global M&A rankings by value for the first quarter of 2009. Rankings compiled by Mergermarket show Skadden Arps Slate Meagher & Flom heading the global value table - working on 28 deals worth $169bn (£113bn). Wachtell Lipton Rosen & Katz, Sullivan & Cromwell and Davis Polk & Wardwell take the next slots by value, with Freshfields Bruckhaus Deringer the highest-placed UK firm in the table at number five.

    1 minute read

  • April 8, 2009 | International Edition

    Generation why?

    When it comes to law firm prestige there is no denying that the magic circle tag still works its, well, magic. And there are few other groups that buy into the brand power of these five firms more so than the student population.Given free choice to name five law firms they would rate highly, students consistently turned to the magic circle group, viewing them as offering the best career options, work-life balance, partnership prospects and training - not to mention prestige - of all law firms.

    1 minute read

  • April 8, 2009 |

    Generation why?

    When it comes to law firm prestige there is no denying that the magic circle tag still works its, well, magic. And there are few other groups that buy into the brand power of these five firms more so than the student population.Given free choice to name five law firms they would rate highly, students consistently turned to the magic circle group, viewing them as offering the best career options, work-life balance, partnership prospects and training - not to mention prestige - of all law firms.

    1 minute read

  • April 6, 2009 |

    SJ Berwin to relocate partner duo for Dubai launch

    SJ Berwin is gearing up to launch in Dubai with an office set to open in the emirate as soon the firm receives regulatory approval. It is understood that London-based litigation partner Tim Taylor and Paris-based funds formation partner Benjamin Aller will both relocate to the region to head up the new operation.The news comes after the firm's Hong Kong office officially opened last week (1 April), having gained regulatory approval to operate as a foreign firm.

    1 minute read

  • March 31, 2009 |

    BT set for online auction in legal adviser review

    BT has kicked off a sweeping review of its panel of external legal advisers, piloting an eBay-style online auction for its real estate panel as part of the process. Panel firms were contacted last month, with the review being led by group general counsel Anne Fletcher. It is expected to be completed within the next three to six months. The review comes after the telecoms giant launched an e-auction pilot for its real estate advisers earlier this year. The pilot saw seven firms bidding against each other on various criteria, including hourly rates and fixed prices, with the process also including formal interviews with each firm.

    1 minute read

  • March 30, 2009 |

    Freshfields names new Italy managing partner

    Freshfields Bruckhaus Deringer has appointed a new managing partner for Italy with local real estate head Marzio Longo set to take on the role. Longo will take on the position from Raffaele Lener from 1 May, although Lener will remain as co-head for a transitional period of a few months. During that time, Lener will continue to oversee the Rome office.

    1 minute read

  • March 30, 2009 |

    Dewey set to unveil plans for Madrid office launch

    Dewey & LeBoeuf is set to launch in Spain, with a Madrid office opening pencilled in for later this year. The US firm's New York-based corporate partner Berge Setrakian - who counts several large Iberian companies among his clients, including Telefonica and Iberdola - is leading the initiative, although it is understood that another Dewey lawyer will head up the base after its launch.The firm is planning to staff the office with internal relocations rather than local lateral hires. It is expected the plans will be finalised and unveiled in the coming weeks.

    1 minute read

  • March 25, 2009 |

    US litigation newcomer set for Lords debut

    Quinn Emanuel Urquhart Oliver & Hedges is set to appear before the House of Lords, less than a year after the US firm's launch in the City. The US litigation leader is due to appear in the House of Lords for two days at the beginning of July representing a group of investment funds seeking to retrieve money following the collapse of the $27bn (£17.9bn) structured investment vehicle Sigma Finance.Quinn Emanuel partner Sue Prevezer QC, who joined the firm last May from Bingham McCutchen, is leading the case. She was previously a barrister with top commercial set Essex Court Chambers before spending a year with Bingham.

    1 minute read

  • March 23, 2009 |

    Jones Day to launch in Dubai with partner duo transfer

    Jones Day has launched an office in Dubai with the relocation of London-based project finance partner Arman Galledari to head the new outpost. The firm is also relocating Washington-based litigation partner Sheila Shadmand to the office, which will have six lawyers in total. One counsel and one associate are moving with Galledari from London, while another associate has been hired from US rival Baker Botts' Dubai base. The firm has also recruited a local UAE-qualified associate.The office will focus on energy, finance, arbitration and M&A work.

    1 minute read