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  • April 18, 2013 |

    A&O and Skadden among firms on €7.5bn bid for Douwe Egberts parent company

    Allen & Overy (A&O), Stibbe and Skadden Arps Slate Meagher & Flom are among a line-up of law firms acting on the potential €7.5bn (£6.4bn) takeover of coffee brand Douwe Egberts' Dutch parent company DE Master Blenders (DEMB) 1753. JAB group, led by German investor Joh A Benckiser, plans to acquire DEMB to add to its existing coffee and tea brand portfolio, which includes Caribou Coffee and Peet's Coffee & Tea. JAB previously owned a majority 15% stake in the company. Benelux firm Stibbe is advising JAB on local law with a team under head of corporate Derk Lemstra and private equity chief Bjorn van der Klip.

    1 minute read

  • April 16, 2013 |

    CC and A&O among international quartet on key Hong Kong IPO double

    Clifford Chance (CC) and Allen & Overy (A&O) have landed lead roles on two key Hong Kong initial public offerings (IPOs), working opposite US outfits Davis Polk & Wardwell and Kirkland & Ellis respectively. The planned listings of state-owned brokerage China Galaxy Securities Co and Sinopec Engineering (Group) Co, a wholly owned subsidiary of Asia's biggest oil refiner, Beijing-based Sinopec Group, are said to be the biggest IPOs in Hong Kong so far this year.

    1 minute read

  • April 4, 2013 |

    Skadden makes up London arbitrator in eight-strong promotions round

    Skadden Arps Slate Meagher & Flom has made up one London lawyer to partner in an eight-strong global promotion round. Litigation and international arbitration counsel David Herlihy joins Skadden's partnership in the City, bringing the total number of partners in London to 32, including six in the arbitration and litigation group.

    1 minute read

  • March 27, 2013 |

    Top firms relocate more senior lawyers to Asia as East's rise continues

    UK and global law firms are increasingly relocating senior partners and practice group heads to the Asia-Pacific region as they continue to pin their hopes on the market, despite the recent downturn in activity in areas such as capital markets. A survey of 30 UK and US law firms by Legal Week found that 57% of those firms now have at least one global practice head, department co-chair or deputy chair based in Asia, with the majority of these appointed since the start of 2010. Freshfields Bruckhaus Deringer, Clifford Chance (CC) and Herbert Smith Freehills each now have at least two international practice heads based permanently in the Asia-Pacific, compared with one or fewer in 2010.

    1 minute read

  • March 21, 2013 |

    Skadden and Freshfields advise as Evonik lines up multibillion-euro IPO

    Skadden Arps Slate Meagher & Flom and Freshfields Bruckhaus Deringer have taken lead roles on the global private placement of shares in German chemicals company Evonik ahead of its multibillion-euro initial public offering (IPO) on the Frankfurt Stock Exchange. Evonik – a cosmetics and food manufacturer – has seen around 12% of its shares placed with institutional investors since 22 February, in what is thought to be Germany's largest-ever pre-IPO capital markets financing. The move comes ahead of Evonik's planned float, which is reportedly set to value the company at around €14bn (£12bn).

    1 minute read

  • March 21, 2013 |

    DLA boosts Hong Kong real estate practice with Skadden hire

    DLA Piper has strengthened its Hong Kong real estate practice with the hire of partner Ed Sheremeta from Skadden, Arps, Slate, Meagher & Flom. Previously head of the Asia real estate group for Skadden, Ed specialises in real estate investment both in the equity and finance space, advising on everything from acquisitions and institutional investments, to REITs, asset and property management and the establishment of real estate joint ventures.

    1 minute read

  • March 14, 2013 |

    Simpson Thacher and Skadden act on KKR's $3.7bn takeover of industrial firm

    Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom have taken lead roles on US private equity house KKR's $3.74bn (£2.5bn) acquisition of industrial machinery maker Gardner Denver. The deal sees KKR acquire all of the outstanding shares of Gardner Denver common stock, as well as assuming all of the company's debts. Gardner Denver, which recorded revenues of around $2.4bn (£1.61bn) in 2012, is a global manufacturer of compressors, pumps and other products for industrial applications, including manufacturing and oil and gas exploration and production.

    1 minute read

  • March 14, 2013 |

    Bingham, Skadden and MoFo enjoy strong year in London as revenues rise

    Bingham McCutchen, Morrison & Foerster and Skadden Arps Slate Meagher & Flom all saw London revenues climb in 2012 as the rank of US firms unveiling last year's financial results continues to grow. Bingham saw City revenues rise by 11% during the last calendar year to $54.7m (£36.6m) compared with $49.1m (£32.9m) in 2011, with around 50 lawyers clocking up average revenue per lawyer of $1.158m (£776,000), compared to firmwide revenue per lawyer of $969,000 (£649,800).

    1 minute read

  • March 7, 2013 |

    Latham boosts Hong Kong disputes team with senior Sidley hire

    Latham & Watkins has expanded its Hong Kong disputes team with the hire of arbitration partner Ing Loong Yang from Sidley Austin. Yang, previously the co-chair of Sidley's international arbitration practice and an experienced litigator, has joined Latham to work alongside Hong Kong partner Simon Powell and of counsel Eleanor Lam.

    1 minute read

  • March 7, 2013 |

    Solicitor advocates turn back on the silk road as applications for QC status dwindle

    "Since 2006, just 13 solicitors have been named as QCs in the annual appointment rounds. Applications by solicitors are equally low, with two being made in each of the past two years – the lowest rate since solicitors were first permitted to apply..."

    1 minute read