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  • November 2, 2010 |

    Former CC associate sues firm for discrimination over job cuts

    A former Clifford Chance (CC) associate has sued the firm for discrimination, claiming it targeted women and minorities when it laid off six US associates in 2007, reports The New York Law Journal. In a complaint filed on Thursday (28 October) in New York's Supreme Court, Karen Ramdhanie said that on the eve of the layoffs, two white male associates were transferred out of her group, leaving just black lawyers and women to be laid off. "They were so blatant in their discrimination," Ramdhanie said in an interview.

    1 minute read

  • October 27, 2010 |

    A&O wins RenCap panel role after Russian bank reviews legal advisers

    Allen & Overy (A&O) has won a first-time spot on Russian investment bank Renaissance Capital's (RenCap's) legal panel. The magic circle firm is the only new global addition to the roster following the review, which has seen all six existing advisers reappointed and a small number of firms added in specific jurisdictions. The overhaul means A&O will line up alongside existing panel members Herbert Smith, Hogan Lovells, Cleary Gottlieb Steen & Hamilton, White & Case, Skadden Arps Slate Meagher & Flom and Latham & Watkins to advise the bank.

    1 minute read

  • October 21, 2010 |

    CC chooses partner duo for new antitrust leadership roles in practice overhaul

    Clifford Chance (CC) has overhauled the management of its global antitrust group with the introduction of new managing partner and chair roles for the practice. London-based competition partner Oliver Bretz will take on the managing partner role while Brussels partner Thomas Vinje becomes the firm's new practice chair.

    1 minute read

  • October 19, 2010 |

    Skadden and Ropes & Gray power up with roles on $9.5bn US utilities merger

    Skadden Arps Slate Meagher & Flom and Ropes & Gray have taken the lead roles on a $9.5bn ($6bn) merger which will creating one of the largest utilities companies in the US, reports The Am Law Daily. Northeast Utilities has agreed to pay more than $4bn (£2.5bn) to absorb NSTAR, forming a company with a total enterprise value of $17.5bn (£11bn). The company will continue to be known as Northeast Utilities.

    1 minute read

  • October 18, 2010 |

    Jones Day Madrid chief relocates to Sao Paulo to launch new Brazil base

    Jones Day's Madrid head Luis Riesgo is relocating to Sao Paulo to launch a Brazil office for the US firm, reports The Am Law Daily. Riesgo, the chair of the firm's Latin American practice, will be followed by partners Sanjiv Kapur and Wade Angus, who have begun the process of becoming licensed as consultants in foreign law in Brazil. The partner trio will be joined two associates who are qualified to practise in New York and Madrid.

    1 minute read

  • October 13, 2010 |

    Top names ready to battle for honours at 2010 British Legal Awards

    Freshfields Bruckhaus Deringer, Hogan Lovells and Berwin Leighton Paisner (BLP) are among the firms shortlisted for a number of categories in the 2010 British Legal Awards. The group has been nominated for the much sought after Law Firm of the Year award alongside Clyde & Co, Sullivan & Cromwell and Travers Smith.

    1 minute read

  • October 13, 2010 |

    Leading firms vie for roles on first post-Lehman BarCap US roster

    Barclays Capital has kicked off a review of its legal advisers in the US, marking the first time the group has overhauled its panel since its acquisition of Lehman Brothers' US investment banking operations. The review, which is being led out of New York by Americas general counsel Michael Crowl, is believed to be part of a bid to reduce the number of external counsel after the bank's $1.75bn (£950m) acquisition of Lehman Brothers' North American investment banking and capital markets business in 2008.

    1 minute read

  • October 13, 2010 |

    Slaughters advises media coalition on NewsCorp-Sky takeover opposition

    Slaughter and May has won a role advising a coalition of media organisations opposed to NewsCorp chief Rupert Murdoch's bid to secure a full takeover of BSkyB. Slaughters' competition team is advising eight media rivals - which include the BBC, Channel 4, The Guardian and The Daily Telegraph - on NewsCorp's bid to acquire the remaining 60.1% of shares in satellite broadcaster BSkyB, a deal which values the company at more than £12bn.

    1 minute read

  • October 11, 2010 |

    Skadden fields team of London and Paris partners on €3bn Renault-Volvo share sale

    Skadden Arps Meagher & Flom has taken the lead role on Renault's €3bn (£2.6bn) sale of a majority stake in Volvo, in one of the largest Scandinavian equity deals of the past decade. In a move aimed at meeting its debt reduction goal, French car manufacturer Renault has sold all of its so-called 'B shares' in Sweden's Volvo, which represent approximately 14.9% of the share capital and 3.8% of the voting rights in the company.

    1 minute read

  • October 6, 2010 |

    Shearman and Skadden lead on €1.7bn sale of metal packaging co

    A duo of US law firms has taken lead roles on a €1.7bn (£1.5bn) deal that will form a new worldwide food packaging group. The deal, which was financed in the high-yield bond market, handed roles to both Shearman & Sterling and Skadden Arps Slate Meagher & Flom. It saw Dublin-headquartered Ardagh Glass buy Dutch metal packaging company Impress Cooperative from private equity house Doughty Hanson. Under the terms of the deal, Ardagh will offer the €1.7bn (£1.5bn) in secured and unsecured notes in both euros and US dollars in order to fund the acquisition.

    1 minute read