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  • September 21, 2012 |

    Dewey filing reveals full breakdown of partner payments to settlement plan

    Details of the individual contributions made by former Dewey & LeBoeuf partners to the defunct firm's settlement plan have been made public for the first time in a new court filing, reports The Am Law Daily. The filing, submitted late Thursday (20 September), contains a full breakdown of which partners have agreed to participate and how much they have agreed to pay the defunct firm's estate (click here for the full breakdown), including details of contributions from ex-partners from the US firm's London and international offices.

    1 minute read

  • September 20, 2012 |

    Growth is dead, part 1: law firm financials in the wake of the recession

    If you believe the structural environment for Big Law hasn't fundamentally changed since 2008, the series I'm inaugurating today is not for you. (I would also have to ask, from a mystified perspective and in the kindest of ways, if you're paying attention?) Call it the Great Recession, the Great Reset (my favourite), or whatever, the world palpably shook in September 2008 and the repercussions are still very much with us.

    1 minute read

  • September 17, 2012 |

    Cleary and Links take lead roles on Russian banking giant's $5.4bn stake sale

    Cleary Gottlieb Steen & Hamilton is advising Russian banking giant Sberbank on its potential $5.4bn (£4.4bn) joint London-Moscow listing. Sberbank's majority shareholder, the Russian Central Bank, is to sell 7.6% of its stake as part of a privatisation programme by the Russian Government.

    1 minute read

  • September 14, 2012 |

    A&O, Slaughters and Linklaters lead as RBS launches Direct Line IPO

    Allen & Overy and Slaughter and May have landed roles advising the Royal Bank of Scotland (RBS) and Direct Line Group on Direct Line's London listing, which is set to value the insurance company at around £3bn. A&O is advising both Direct Line and its parent RBS, with a team led by London corporate partner David Broadley, alongside insurance partner Philip Jarvis and incentives partner Sylvie Watts.

    1 minute read

  • September 10, 2012 |

    Cleary called in for Russia telecoms giant's £2.5bn London listing plans

    Cleary Gottlieb Steen & Hamilton is advising Russian telecoms giant MegaFon on its potential £2.5bn London initial public offering (IPO). MegaFon, Russia's second largest mobile phone operator, was taken over this April by AF Telecom - the holding company of Russian businessman Alisher Usmanov. The company has since filed for permission to float a 20% stake, which could be worth as much as $4bn (£2.5bn).

    1 minute read

  • September 10, 2012 |

    Mayer Brown stars on film company purchase for Twilight distributor

    Mayer Brown has advised Entertainment One on its C$225m (£144m) acquisition of Canadian film distribution company Alliance Films. The Mayer Brown team advising the international entertainment business was led by corporate partners Robert Hamill and Kate Ball-Dodd in London, alongside fellow City partners Sarah Byrt (intellectual property) and Bernadette Daley (employment) and Chicago finance partner Will Walker.

    1 minute read

  • August 15, 2012 |

    Former Dewey partners receive latest amendments to settlement plan

    Dewey & LeBoeuf's wind-down team has offered to spare the defunct firm's ex partners from all potential litigation from secured lenders as an incentive to participate in the proposed partner clawback settlement. The latest revisions to the so-called 'partner contribution plan' were posted to a secure web link overnight, with lead bankruptcy lawyer Al Togut and chief restructuring officer Joff Mitchell also confirming that the deadline for signing up to the agreement had been postponed again.

    1 minute read

  • August 1, 2012 |

    Freshfields appoints new global and London finance leadership

    Freshfields Bruckhaus Deringer has appointed a new global head of finance, with London banking head David Trott succeeding longstanding practice chief Alan Newton. Trott, who will begin his four-year term later this year (1 September), has a client list that includes Debenhams, Heineken, Morgan Stanley Real Estate Fund, Apollo, as well as Barclays, Lloyds and HSBC.

    1 minute read

  • July 19, 2012 |

    Clifford Chance and Allen & Overy lead on New Look £1.1bn debt refinancing

    Clifford Chance (CC) and Allen & Overy (A&O) have won leading advisory roles on the refinancing of fashion retailer New Look.

    1 minute read

  • July 19, 2012 |

    Linklaters and Slaughters among firms on $5bn UK-Japan advertising agency merger

    Linklaters and Slaughter and May are among a raft of international law firms advising on a $5bn (£3.2bn) deal to create one of the world's largest advertising agencies.

    1 minute read