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  • December 23, 2010 |

    Norton Rose, CC lead on Malaysian fund's bid for Freshfields City base

    Norton Rose and Clifford Chance (CC) have won lead roles on the proposed £150m sale of Freshfields Bruckhaus Deringer's Fleet Street headquarters to a Malaysian pension fund. Norton Rose real estate head Lindsay Morgan is advising Employees Provident Fund (EPF) on the acquisition of the magic circle firm's City office from its current owner, the German property fund Union Investment.

    1 minute read

  • December 17, 2010 |

    Sullivan and Davis Polk advise on $1bn BG Group debt offering

    Sullivan & Cromwell and Davis Polk & Wardwell have taken lead roles on BG Group's inaugural debt offering into the US, with a $1bn (£640m) notes offer. Sullivan advised BG Energy Capital on the deal, which marks the New York firm's first mandate for the company. The firm advised on both English and US law, fielding a team led by London co-managing partner Vanessa Blackmore and corporate partner Bill Plapinger.

    1 minute read

  • December 16, 2010 |

    CC and BLP win lead roles on sale of A&O headquarters to JP Morgan

    Clifford Chance (CC) and Berwin Leighton Paisner (BLP) have won lead roles on a major City real estate deal which has seen the ownership of Allen & Overy's (A&O) City headquarters change hands. CC advised Hammerson and Oman Investment Fund (OIF) on the deal, which saw the pair sell their 25:75 joint venture - whose principal asset is the long leasehold interest in the Bishops Square offices in London's Spitalfields - to JP Morgan Asset Management.

    1 minute read

  • December 13, 2010 |

    Freshfields adds London partner duo with CC and Linklaters DCM hires

    Freshfields Bruckhaus Deringer has bolstered its City debt capital markets practice with two new partners, including the lateral hire of Peter Allen from magic circle rival Linklaters. Allen joins Freshfields' finance practice in London alongside Duncan Kellaway, who joins as a partner from Clifford Chance (CC), where he was a senior associate. Allen specialises in a wide range of securities work, including advising underwriters and issuers in connection with issues of debt, equity and equity-related securities in international markets. He has particular expertise in emerging markets debt issuance.

    1 minute read

  • December 8, 2010 |

    Cleary advises Citigroup on sale of final Treasury stake

    Cleary Gottlieb Steen & Hamilton is advising Citigroup and its underwriters on a multi-billion dollar stock offering, writes The AmLaw Daily, in a deal that will see the US Government sell its remaining stake in the banking giant. The share sale is expected to put $10.5bn (£6.6bn) in the US Treasury's coffers, while helping Citi move a step closer to independence.

    1 minute read

  • December 8, 2010 |

    Hogan Lovells and Skadden lead on landmark $1.65bn Russia retail deal

    Hogan Lovells and Skadden Arps Slate Meagher & Flom have taken lead roles on a $1.65bn (£1bn) acquisition by one of Russia's largest retailers. X5 Retail Group, the retail branch of financial-industrial conglomerate Alfa Group, has acquired rival retail chain Kopeyka in a deal expected to close later this month. Hogan Lovells advised X5 with a team led by Moscow managing partner and corporate head Oxana Balayan (pictured) and senior M&A counsel Richard Cowie. London tax partner Karen Hughes also advised on the deal.

    1 minute read

  • December 7, 2010 |

    Young In-House Lawyer of the Year

    Shareen Gault has helped steer the Student Loans Company (SLC) through an intensely difficult period. She joined SLC as a solicitor in 2008 and was promoted to legal and compliance manager a year later at the age of 28. Throughout this year she has been helping put the SLC on a firmer footing after it hit the headlines in 2009 for failing to process thousands of applications for loans on time.

    1 minute read

  • November 19, 2010 |

    Linklaters takes role for GM investor as car maker launches $23bn IPO

    Linklaters and Jenner & Block have won roles as General Motors this week increased the number of shares on offer in its landmark initial public offering (IPO), reports The Am Law Daily. The car maker, which is being advised by US firm Jenner, has responded to strong market demand by expanding the IPO by 31%, helping the company to raise $23.1bn (£14.4bn) in what could be the largest IPO ever.

    1 minute read

  • November 10, 2010 |

    Morgan Lewis backtracks on plans to ditch lockstep pay model

    Morgan Lewis & Bockius has chosen to retain the lockstep pay model for its associates, sixteen months after announcing plans to move to a merit-based system, reports The Am Law Daily. Firm chairman Francis Milone last week informed associates that they will receive base salaries in 2011 equal to the market rate for their class year. The firm will also maintain its bonus pool, as those payments have always been merit-based.

    1 minute read

  • November 9, 2010 |

    In-house innovation in the post-crisis world

    With compliance and risk management having soared up the agenda since the financial crisis, in-house lawyers have rarely been so in demand. At the same time, in a tough economic climate, rarely have they been forced to operate under such cost pressures. It was this paradox around which the debate centred at Legal Week's Corporate Counsel Forum Europe, held in September at the Four Seasons Hotel in Hampshire.

    1 minute read