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  • January 31, 2007 |

    First among equals

    The news that Freshfields Bruckhaus Deringer is to shed some 50 or so partners in the next year may have surprised a few at the firm's Fleet Street HQ, but at Linklaters the shock was that its arch rival had not acted sooner. Over at Silk Street, they have long shed the softly, softly approach to partnership that used to characterise the profession and managing partner Tony Angel has taken the firm in hand with obvious results.

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  • January 26, 2007 |

    CC and A&O match New York pay-rises

    Allen & Overy and Clifford Chance have raised their US associate salaries as the Manhattan pay war gathers pace.

    1 minute read

  • January 25, 2007 |

    More NY firms match pay rises

    A broad spread of top US firms have jumped on the New York bandwagon to raise starting lawyer salaries to the newly-established benchmark of $160,000 (£81,000).Fried Frank Harris Shriver & Jacobson, Cleary Gottlieb Steen & Hamilton and Milbank Tweed Hadley & McCloy have become the latest to follow suit, while Skadden Arps Slate Meagher & Flom is also understood to have matched the rate.

    1 minute read

  • January 25, 2007 |

    Simpson Thacher boosts NQ pay by 10%

    UK firms look set to come under renewed pressure to boost salaries following news that US leveraged buy-out leader Simpson Thacher & Bartlett is raising its newly-qualified salaries by 10% to $160,000 (£81,000).The firm-wide move is expected to stoke pay pressure in the US as it sets a new bar for associate pay rates at New York's leading firms, which previously sat at $145,000 (£73,400).

    1 minute read

  • January 25, 2007 |

    EHYA reshuffles board as new member joins

    The European High Yield Association (EHYA) has appointed Simpson Thacher & Bartlett corporate partner Nicholas Shaw to its board. Among several changes made at EHYA's board meeting this week, Latham & Watkins capital markets partner Bryant Edwards, who was the body's chairman, stood down to take a vice-chair role. Insight Investment's Craig Abouchar took over as chairman.

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  • January 25, 2007 |

    Skadden surges ahead of US rivals to take M&A top spot

    Manhattan leader Skadden Arps Slate Meagher & Flom has topped the US M&A rankings after acting on $540bn (£274bn) worth of deals in a blockbuster year for US deal lawyers. The New York firm rose one place to take top spot after advising on 237 deals, according to figures from Mergermarket. Sullivan & Cromwell came second, acting on 136 deals worth a total of $504bn (£255bn).

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  • January 24, 2007 |

    New York rivals rush to match Simpson salaries

    A clutch of leading Manhattan firms, including Sullivan & Cromwell, have moved to match competitor salary rates in New York as a new US pay war gathers momentum.

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  • January 23, 2007 |

    Simpson Thacher sparks US pay war with 10% rise

    Elite New York firm Simpson Thacher & Bartlett has raised its associate base salaries 10% to $160,000 (£81,000), according to US reports, in a move that looks likely to spark another pay war.

    1 minute read

  • January 10, 2007 |

    Trophy private equity client calls in DLA Piper for £267m restaurant group deal

    DLA Piper's property team has secured a trophy private equity mandate after being instructed to act as UK counsel to buy-out giant Blackstone on its £267m acquisition of restaurant group Tragus.The national firm landed the mandate on the back of a referral and worked with the London arm of Blackstone's lead US corporate adviser, Simpson Thacher & Bartlett.

    1 minute read

  • January 3, 2007 |

    Softly, softly Sullivan raises old questions for Slaughters with Emmerson hire

    Nobody can accuse Sullivan & Cromwell of rushing headlong into the UK corporate market. Indeed, the phrase 'softly, softly' could have been invented…

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