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  • July 7, 2009 |

    Weil Gotshal cuts starting salaries in City arm

    Weil Gotshal & Manges has dropped the starting salary of newly-qualified lawyers in its London arm by 5.5% to £85,000. The move sees the firm become the latest practice to halt associate lockstep in response to the current recession, with incoming City lawyers this year earning £85,0000, against a previous rate of £90,000.

    1 minute read

  • June 17, 2009 |

    Skadden takes front seat on GM's Saab sell-off

    Skadden Arps Slate Meagher & Flom has advised Sweden's Koenigsegg on its acquisition of General Motors' loss-making brand Saab. The deal, which was backed by Norwegian and US investors, saw Skadden field a team including City corporate finance partner Pranav Trivedi.

    1 minute read

  • June 16, 2009 |

    Gibson Dunn set for Sao Paulo office launch

    Gibson Dunn & Crutcher is set to launch an office in Brazil - joining the growing ranks of law firms with bases in Sao Paulo. The firm is set to relocate one of the three New York-based co-chairs of its Latin America practice group, Lisa Alfaro, to head the new office, which will launch as soon as it receives a licence.

    1 minute read

  • June 10, 2009 |

    CC, Freshfields and Shearman line up on Barclays stake sale

    Clifford Chance (CC), Freshfields Bruckhaus Deringer and Shearman & Sterling have taken the lead roles on the high-profile sale of a stake in Barclays.

    1 minute read

  • June 10, 2009 |

    Weil GM bill set to surpass Lehman charges with 'more complex matter'

    Weil Gotshal & Manges looks set to earn more from the landmark bankruptcy of General Motors than it did from its mandate advising on the collapse of Lehman Brothers.

    1 minute read

  • June 8, 2009 |

    Cleary, Shearman confirm jobs for September NQs

    Cleary Gottlieb Steen & Hamilton is to keep on all six of its September 2009 qualifying trainees in the City while Shearman & Sterling has offered jobs to nearly two thirds of its qualifiers. Cleary has continued its record of retaining every qualifying trainee since it introduced its trainee programme in the City in 1997. One trainee will focus on tax while the remainder will keep a broader corporate practice.

    1 minute read

  • June 3, 2009 |

    Shearman in top gear on GM's Hummer sell-off

    Shearman & Sterling has won a lead role on the acquisition of General Motors' Hummer brand by a Chinese industrial manufacturer. Shearman advised China's Sichuan Tengzhong Heavy Industrial Machinery (Tengzhong) on its purchase, in a deal reportedly worth up to $250m (£151m).

    1 minute read

  • June 2, 2009 |

    Shearman leads on €3bn Danone rights issue

    Shearman & Sterling and Bredin Prat have taken lead roles on French dairy and water company Danone's €3bn (£2.6bn) rights issue. The company, whose flagship products include Evian, Activia and Actimel, launched a public offering in France and Switzerland yesterday (1 June) accompanied by an international private placement in a bid to reduce its debt.

    1 minute read

  • June 2, 2009 |

    Bingham seals City tax launch with McDermott hire

    Bingham McCutchen has launched a London tax practice with the hire of a partner from US rival McDermott Will & Emery. Stuart Sinclair joined Bingham today (1 June), becoming the firm's first tax partner in the City.

    1 minute read

  • May 29, 2009 |

    International firms win roles on GM restructuring

    The collapse of automotive giant General Motors has handed roles to at least 15 law firms so far in one of the largest restructurings to date.

    1 minute read