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  • February 28, 2007 |

    Singapore to offer tax incentives in bid to take Asia arbitration lead

    Singapore has unveiled major tax breaks for law firms that act on international arbitrations as it vies with Hong Kong to become Asia's principal centre for dispute resolution. Singapore's finance ministry announced the move on 15 February to allow a 50% tax exemption on firms' income on international arbitration work.

    1 minute read

  • February 26, 2007 |

    Manhattan elite lines up for record TXU buy-out

    Elite New York firms Simpson Thacher & Bartlett and Sullivan & Cromwell have bagged plum roles on the $45bn (£23bn) leveraged buyout (LBO) of utilities giant TXU - potentially the largest LBO to date. Simpson Thacher is lead adviser to the bidding consortium, comprising private equity giants Kohlberg Kravis Roberts & Co (KKR) and Texas Pacific Group, which is being advised by Cleary Gottlieb Steen & Hamilton.

    1 minute read

  • February 26, 2007 |

    German energy giant unveils first post-merger panel

    Corporate heavyweights Linklaters, Hengeler Mueller and Simpson Thacher & Bartlett have bagged roles alongside DLA Piper on the first formal panel set up by energy giant Linde. The formation of the panel, announced today (26 February), sees DLA Piper handed responsibility for advising the company on the majority of its day-to-day legal matters.

    1 minute read

  • February 21, 2007 |

    US firms set to tap young talent after booming 2006

    US firms look set to maintain their expansive form in 2007 - and their increasing demand for UK trainees - with a select group of America's leading firms this month unveiling robust results for their London offices. Leading the pack, White & Case achieved a 38% rise in UK revenue to bill $172.2m (£88.4m). London profits per equity partner (PEP) also rose 67% to hit $1.28m (£657,000), against $764,000 (£392,000) in 2005.

    1 minute read

  • February 21, 2007 | International Edition

    Freshfields' radical restructure sees stream of equity partners move on

    The scale of the senior departures at Freshfields as the City giant restructures its partnership has confounded expectations that the firm would fudge the issue. Charlotte Edmond tracks the shake-up and impact on the firm's practice For a firm such as Freshfields Bruckhaus Deringer, which is not used to either radical internal changes or partner departures, a partnership restructuring must be heavy work.

    1 minute read

  • February 21, 2007 |

    Freshfields' radical restructure sees stream of equity partners move on

    The scale of the senior departures at Freshfields as the City giant restructures its partnership has confounded expectations that the firm would fudge the issue. Charlotte Edmond tracks the shake-up and impact on the firm's practice For a firm such as Freshfields Bruckhaus Deringer, which is not used to either radical internal changes or partner departures, a partnership restructuring must be heavy work.

    1 minute read

  • February 21, 2007 |

    Dealmaker: Peter King

    A former M&A veteran of Linklaters, Peter King is one of Shearman & Sterling's leading European lawyers

    1 minute read

  • February 21, 2007 |

    Debevoise posts solid results rise for 2006

    Debevoise & Plimpton has posted its financial results for 2006 with turnover rising 7% to $575m (£295m) and partner profits up 8% to $1.806m (£925,000). The 2006 figures come off the back of a robust year for the 132-partner firm's M&A department, which advised on deals including the three-way $56bn (£31bn) merger of mining companies Phelps Dodge, Inco and Falconbridge in June.

    1 minute read

  • February 16, 2007 |

    Profits surge at Shearman but fee income static

    Shearman & Sterling has unveiled a robust increase in partner profits for 2006, although turnover at the New York firm remained static. Profits per equity partner were up by 12% to $1.65m (£842,000) from a figure of $1.48m (£752,000) in 2005. However, turnover inched up by just 1% to reach $842m (£429m).

    1 minute read

  • February 14, 2007 |

    String of promotions for Shearman lawyers

    Shearman & Sterling has promoted 15 lawyers across its network to the position of counsel. The promotions took place in the London, Menlo Park, New York, Paris, Singapore, Tokyo and Toronto offices, across a broad range of practice areas including finance, intellectual property, tax and litigation. The move follows the firm electing 11 associates and counsel to the partnership last month.

    1 minute read