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  • March 12, 2008 |

    Visa to shell out $15m in fees on landmark IPO

    White & Case is in line for a bumper pay-day after it emerged that client Visa is to shell out $15m (£7.45m) in legal fees and expenses for its long-awaited initial public offering (IPO), writes The American Lawyer. Visa disclosed details of its legal fees in an amended registration statement filed with the Securities & Exchange Commission (SEC) last week ahead of this month's IPO, which the company says could net a US record $18.8bn (£9.33bn) in stock sales.

    1 minute read

  • March 5, 2008 |

    Morgan Cole adds 10-strong injury team

    Welsh heavyweight Morgan Cole has bolstered its insurance practice with the hire of a 10-lawyer team from Gloucester-based Tayntons. The team, led by partner Mark Bailey and injury lawyer Graham Morris, joined Morgan Cole's Bristol office earlier this week (3 March). All 10 specialise in catastrophic injury claims work.

    1 minute read

  • March 5, 2008 |

    Bakers adds to capital markets with Citi hire

    Baker & McKenzie has hired a capital markets partner from Citigroup. Peter Castellon will join the firm in London from his position as director and counsel in Citigroup's markets and banking division. Before working with Citigroup for the last seven years, Castellon worked in the securities practices of Freshfields Bruckhaus Deringer in London and Morgan Lewis & Bockius in New York.

    1 minute read

  • February 27, 2008 |

    Iberia: Flying high

    In the very near future, Iberia should present an offer to purchase Spanair, the company owned by Scandinavian travel and airline group SAS. The company has been the main candidate in the running to acquire Spanair since Marsans gave up its bid. On 14 February, 2008, the company notified the Spanish Comision Nacional del Mercado de Valores (CNMV) as the board of directors authorised it to present, along with Spanish company Gestair, a purchase offer to SAS for 100% of Spanair's shares. So a new company joins as a partner in the operation and the intentions of Iberia over Spanair have been secured. The official note shows that the offer follows the purchase schedule established by the SAS Group in this process. Nevertheless, the offer will be subject to the fulfilment of several conditions that Iberia did not specify. Iberia enlisted the services of Morgan Stanley in order to formalise the purchase offer.

    1 minute read

  • February 22, 2008 |

    ...Legal Week Lunchbox 22/02/08...

    The five most popular articles on legalweek.com today; the pick of the day's posts; Good Week, Bad Week; and more

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  • February 21, 2008 |

    Morgan Stanley man boosts Latham City finance

    Latham & Watkins has bagged a new partner for its London office with the hire of Daniel Maze from Morgan Stanley. Maze, who joins Latham's City finance practice on 1 March, was previously an executive director in the leveraged and acquisition finance group at Morgan Stanley in London, where he worked for three years.

    1 minute read

  • February 21, 2008 | International Edition

    Morgan Stanley man boosts Latham City finance

    Latham & Watkins has bagged a new partner for its London office with the hire of Daniel Maze from Morgan Stanley. Maze, who joins Latham's City finance practice on 1 March, was previously an executive director in the leveraged and acquisition finance group at Morgan Stanley in London, where he worked for three years.

    1 minute read

  • February 21, 2008 |

    Deutsche, Morgan to cut legal positions

    Lawyers at Deutsche Bank and Morgan Stanley are bowing to the pressure of the credit crunch with legal roles being cut in both banks' UK mortgage and property divisions. Deutsche has trimmed its commercial real estate division, confirming that at least one legal position in the team has been cut. Some in the market suggest that as many as five people could leave the team.

    1 minute read

  • February 20, 2008 |

    Reed Smith disputes practice boosted by double partner hire

    Reed Smith Richards Butler has strengthened its London disputes practice with the hire of two international arbitration partners. Stephen York and Shai Wade joined the firm this week (18 February) from the London office of Kilpatrick Stockton. Both York and Wade have experience of large-scale arbitrations and have represented clients in front of bodies including the International Chamber of Commerce and the United Nations Commission of International Trade Law.

    1 minute read

  • February 20, 2008 |

    Weightmans adds three in professional indemnity

    Weightmans has hired three professional indemnity partners from Halliwells. Iain Fraser, Michelle Garlick and Anne-Marie Morgan-Barrett will join the professional risk management team in the firm's Manchester office over the next few weeks. The trio have experience in advising on professional negligence claims and insurance issues. Mike Grant, Weightmans' head of professional risk, said: "Professional indemnity is one of our key practice areas and these appointments are good news for the firm."

    1 minute read