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  • August 31, 2007 |

    As class action hits Europe, securities cases slump in US heartlands

    The era was marked by mysterious envelopes. When opened, the official-looking documents inside informed the reader that, because he owned three shares of, say, Microsoft stock some years ago, he was part of a class of plaintiffs. The class had already brought a lawsuit against Microsoft for a problem the reader had never noticed. Now the settlement was being divided and the reader might be entitled to something. But the reader, disheartened by the sheaf of forms asking for details about a barely remembered transaction, usually tossed the notice in the trash and started flipping through that day's Pottery Barn catalog.

    1 minute read

  • August 29, 2007 |

    UK firms bypassed as US associates rank Wachtell top of prestige tables

    US associate survey rates elite New York firms as most prestigious places to work; no UK firms make top 20

    1 minute read

  • August 29, 2007 |

    Dewey makes double partner hire in the US

    New York law firm Dewey Ballantine has continued its bid to strengthen its domestic practice with the hire of Nixon Peabody intellectual property litigation partner Jeff Schwartz and Skadden Arps Slate Meagher & Flom senior corporate finance lawyer Avinash Ganatra. Ganatra joins Dewey's New York HQ as a partner and Schwartz joins the Washington DC office.

    1 minute read

  • August 9, 2007 |

    Dewey recruits Skadden partner for finance boost

    Dewey Ballantine has hired a senior lawyer from Skadden Arps Slate Meagher & Flom to boost its corporate finance practice. Avinash Ganatra joins the law firm's New York office as a partner, having previously been a counsel in Skadden's New York HQ. Ganatra was one of the founding members of the South Asian Bar Association of New York in 1998 and served as the organisation's president from 1998 to 2000.

    1 minute read

  • August 8, 2007 | International Edition

    Macfarlanes marks 3i card with healthcare sale

    Macfarlanes has landed its latest major role for 3i, advising the private equity group on its sale of specialist healthcare company Care Principles to Three Delta.Macfarlanes is advising 3i on the transaction, which values Care Principles at £270m.The role despite a run of instructions from the client for fellow panel member firm and rival City law firm Travers Smith.However, Travers has also picked up a role on the deal, with corporate head Chris Hale acting for the Care Principles management team.Three Delta was advised by Herbert Smith. The sale comes after 3i took at 38% stake in Care Principles in 1997, worth £1.5m. The UK-based private equity group subsequently backed a management buy-out of the company in 2005.Care Prinicples provides rehabilitation for adults requiring long-term therapy and treatment for learning disabilities and mental health problems. The majority of the patients are sectioned. The company now has over 380 occupied beds and employs 1,500 staff.Travers and Clifford Chance also act regularlry for 3i, with Travers having recently advised the group on its £993m bid for estate agency Countrywide as well as the high-profile £790m sale of National Car Parks (NCP). Macfarlanes had previously advised 3i on the 2005 buyout of NCP. Herbert Smith has historically shared work for Three Delta with New York giant Skadden Arps Slate Meagher & Flom, with both firms acting on the company's £1.4bn investment in health group Four Seasons Healthcare in 2006.

    1 minute read

  • August 8, 2007 |

    Macfarlanes marks 3i card with healthcare sale

    Macfarlanes has landed its latest major role for 3i, advising the private equity group on its sale of specialist healthcare company Care Principles to Three Delta.Macfarlanes is advising 3i on the transaction, which values Care Principles at £270m.The role despite a run of instructions from the client for fellow panel member firm and rival City law firm Travers Smith.However, Travers has also picked up a role on the deal, with corporate head Chris Hale acting for the Care Principles management team.Three Delta was advised by Herbert Smith. The sale comes after 3i took at 38% stake in Care Principles in 1997, worth £1.5m. The UK-based private equity group subsequently backed a management buy-out of the company in 2005.Care Prinicples provides rehabilitation for adults requiring long-term therapy and treatment for learning disabilities and mental health problems. The majority of the patients are sectioned. The company now has over 380 occupied beds and employs 1,500 staff.Travers and Clifford Chance also act regularlry for 3i, with Travers having recently advised the group on its £993m bid for estate agency Countrywide as well as the high-profile £790m sale of National Car Parks (NCP). Macfarlanes had previously advised 3i on the 2005 buyout of NCP. Herbert Smith has historically shared work for Three Delta with New York giant Skadden Arps Slate Meagher & Flom, with both firms acting on the company's £1.4bn investment in health group Four Seasons Healthcare in 2006.

    1 minute read

  • August 1, 2007 |

    US duo lead on $1bn Egypt bond issue

    LeBoeuf Lamb Greene & MacRae and Skadden Arps Slate Meagher & Flom have advised on the first Egyptian-denominated Eurobond offering, worth around $1bn (£486m).

    1 minute read

  • August 1, 2007 |

    Legal Week Lunchbox: 1/8/2007

    The five most popular articles on legalweek.com today; plus the pick of readers' comments; and an early taster of tomorrow's Deal Week

    1 minute read

  • July 25, 2007 |

    Skadden and Shearman secure UK mandates on Sainsbury's Qatari bid

    US firms Skadden Arps Slate Meagher & Flom and Shearman & Sterling have secured major UK mandates on the £12bn bid for Sainsbury's by a Qatari investment group.

    1 minute read

  • July 25, 2007 |

    Legal Week Lunchbox: 25/7/2007

    The five most popular articles on legalweek.com today; plus the pick of readers' comments; and how to nail that perfect merger

    1 minute read