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  • April 12, 2011 |

    Linklaters and CC set for roles on landmark $10bn-plus Glencore IPO

    Linklaters and Clifford Chance (CC) are in line to take lead roles on commodities trader Glencore's planned initial public offering (IPO), which is set to value the company at around $60bn ($36.7bn). The offering, likely to become the largest ever in London, will see the Swiss-based company sell a 20% stake worth between $10bn (£6.1bn) and $12bn (£7.3bn).

    1 minute read

  • April 8, 2011 |

    Davis Polk votes in Scot as firm's first-ever non-US managing partner

    Davis Polk & Wardwell has announced that corporate head Thomas Reid has been elected managing partner of the US firm, reports The Am Law Daily. Reid, who was born in Kircaldy in Scotland, is the first managing partner in Davis Polk's history born outside the US. He attended the University of Edinburgh School of Law and Columbia Law School.

    1 minute read

  • April 7, 2011 |

    Firm trio line up on £760m Scots port operator takeover

    Linklaters, Clifford Chance (CC) and Scottish leader McGrigors have taken major roles on Arcus Infrastructure Partners' £760m takeover of Scottish ports operator Forth Ports. Linklaters took the lead role for the acquirer, which already holds a 22.8% stake in the company. The magic circle firm fielded a team led by London corporate partner Iain Wagstaff (pictured), who manages the relationship with Arcus.

    1 minute read

  • April 7, 2011 |

    Volume disputes set for huge upheaval as MoJ backs Jackson on civil litigation reform

    Success fees look set to be ushered in for complex commercial cases, ironically just as the Government unveiled reforms expected to severely restrict their widespread use in volume personal injury claims. The Ministry of Justice (MoJ) last week revealed its long-awaited proposals for civil litigation reform - confirming that it was to implement most of the blueprint put forward in a report last January by Lord Justice Jackson.

    1 minute read

  • April 6, 2011 |

    Howrey hit with first lawsuit over unpaid employee wages

    A former records specialist at Howrey has sued the firm for failing to pay her wages after her employment was terminated on 31 March, reports The Am Law Daily. According to the complaint filed on Monday (4 April), Stephanie Langley claims that Howrey violated its obligations under the Worker Adjustment and Retraining Notification (WARN) Act by firing her last week without providing 60 days written notice.

    1 minute read

  • March 29, 2011 |

    Former CC senior partner Popham joins Citi as EMEA banking vice-chair

    Clifford Chance's (CC) former senior partner Stuart Popham is set to join Citigroup as a vice-chairman of EMEA banking. Citi said that Popham's primary role will be to strengthen relationships with the bank's UK large-cap clients, working within a team of senior bankers.

    1 minute read

  • March 29, 2011 |

    Back at the gate - the challenges ahead for private equity

    A few weeks ago news got out that Bain Capital, one of the world's leading private equity firms, was holding interviews for junior investment professionals a month earlier than usual. Bain's competitors, which include Kohlberg Kravis Roberts & Co (KKR) and The Blackstone Group, moved quickly, bringing forward their pre-scheduled cocktail party recruiting events. This was not a surprising development. Five years ago private equity houses often did their entry-level hiring in September. During the boom, such intakes kept drifting earlier into the year as rivals jostled to secure the best aspiring deal-doers.

    1 minute read

  • March 25, 2011 |

    Latham opens new base in Boston with hires from trio of US firms

    Latham & Watkins has opened a new office in Boston with seven hires from a trio of US firms, reports The Am Law Daily. Joining the new base are four lawyers from Wilmer Cutler Pickering Hale and Dorr, two from Bingham McCutchen and one from Proskauer Rose.

    1 minute read

  • March 23, 2011 |

    Paying the piper - can law firms' love affair with banks survive a series of tough panel reviews?

    Can City law firms' love affair with leading banks survive a bruising round of adviser reviews? Sofia Lind and Friederike Heine report

    1 minute read

  • March 23, 2011 |

    Links and Freshfields act on high-profile float alongside US duo

    Linklaters, Freshfields Bruckhaus Deringer and US firms Kirkland & Ellis and Weil Gotshal & Manges have picked up roles on the planned initial public offering (IPO) of British vacuum technology producer Edwards Group, which is expected to value the company at £1.5bn. Magic circle firm Freshfields has been instructed by Edwards Group, fielding a team led by London corporate partners Simon Witty and Natasha Good, who are working alongside US-qualified corporate partner Don Guiney.

    1 minute read