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  • August 2, 2010 |

    Addleshaws at the controls for £850m Flybe aircraft purchase

    Addleshaw Goddard has taken a lead role advising low-cost airline Flybe on its $1.3bn (£850m) order for 35 planes from aircraft manufacturer Embraer. The national law firm advised Flybe with a team based in its London office led by aviation head Rory McCarthy, assisted by finance associate Rebecca Garner. Brazilian aircraft manufacturer Embraer was advised by US law firm Katten Muchin Rosenman, which fielded a team led by Washington-based corporate partner Timothy Lynes.

    1 minute read

  • July 21, 2010 |

    Camerons makes widest use of 'flex' schemes at City firms

    CMS Cameron McKenna and Norton Rose are the UK law firms which made the greatest use of flexible working as a cost-saving measure during the recession, according to Legal Week research. Camerons put around 700 members - including 364 lawyers - of its UK staff of slightly more than 1,000 on its year-long scheme that finished in May.

    1 minute read

  • July 14, 2010 |

    Nationals firms post varied results for 2009-10 as 'big five' remain static

    National and regional firms have produced the most movement in the top 50 this year, with a number of practices seeing sizable fluctuations in revenue and profits. The big five national firms - DLA Piper, Eversheds, Pinsent Masons, Addleshaw Goddard and Hammonds - remained static on their 2008-09 positions in the rankings after experiencing slight declines in turnover.

    1 minute read

  • June 29, 2010 |

    Trio of firms advise on £300m sale of fashion retailer Republic

    A trio of firms have secured roles on a £300m fashion deal that has seen TPG Capital acquire UK-based retailer Republic. Top 20 City law firm SJ Berwin took the lead role for Republic and the seller Change Capital Partners on the transaction, having initially advised the private equity house when it bought the fashion outlet in 2005.

    1 minute read

  • June 16, 2010 |

    International firms in London: Swoop to conquer

    June 2009, and it was just another not-so-hectic day in the finance department of Addleshaw Goddard's London office - which, after some busy years in the middle of the decade, had slowed dramatically following the onset of the credit crunch in 2007. The firm had recently posted its annual financial results, announcing a fall in revenue of 11.4% and a 30.9% decline in profits per equity partner (PEP), having earlier that year cut 10% of its partnership. Needless to say, acquisition finance partner Phil Slater was on hand to answer his phone when it rang that morning.

    1 minute read

  • June 3, 2010 |

    Addleshaws sees partners profits rise while revenues fall

    Addleshaw Goddard has unveiled its financial results for 2009-10, posting a modest increase in partner profits against a small drop-off in revenues. The firm took in fee income of £167.5m for the financial year, down 3.3% from a total of £173.3m in 2008-09, while profits per equity partner (PEP) rose by 5.2% to £426,000.

    1 minute read

  • May 26, 2010 |

    Regional development agencies early victims of public spending cuts

    Sweeping curbs on public spending are set to have an early impact on the legal sector, with the Government this week announcing deep cuts in regional development agencies (RDAs) as part of an initial £6.2bn round of cuts. England's nine RDAs will lose £270m this year - roughly 20% of their budget.

    1 minute read

  • May 12, 2010 |

    Ken Clarke named as surprise justice secretary in new Government

    Kenneth Clarke has been appointed Lord Chancellor and Secretary of State for Justice as incoming prime minister David Cameron forms his first cabinet. Details are emerging of the Conservative-Liberal Democrat coalition Government, with key cabinet posts confirmed so far including Clarke as the UK's new Justice Secretary, replacing the outgoing Labour minister Jack Straw.

    1 minute read

  • May 5, 2010 |

    Partners cynical as non-equity ranks grow

    Senior lawyers remain ambivalent about the impact of the growing band of salaried partners at major law firms on the partnership model, but believe their ranks will continue to swell. This is the key finding from the latest Big Question survey, which found that 60% of respondents felt that there were too many salaried partners in leading law firms, including 33% who said there were 'far too many'.

    1 minute read

  • May 5, 2010 |

    K&L Gates and Addleshaws lead on £40m sale of Blackpool attractions

    K&L Gates and Addleshaw Goddard have taken lead roles on the £40m sale of Blackpool Tower and a number of other local attractions to Blackpool Borough Council. K&L Gates' City arm advised long-term client Leisure Parcs on the sale of assets including the Tower, the Golden Mile amusement arcade, Louis Tussaud's Waxworks and the Winter Gardens entertainment complex to the town's council, taking them into public ownership for the first time.

    1 minute read