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  • May 7, 2013 |

    Ashurst moves six 'super-plateau' partners down from top of lockstep

    Ashurst has moved six partners down from the top of its lockstep for the first time since the firm's modified system was introduced six years ago. The move comes after the firm brought in the 'super-plateau' 65-point level in 2007, in an overhaul of its remuneration system which saw it rebase its lockstep from a 20-50 point ladder to a wider 25-65 point scale, allowing to better reward star performers.

    1 minute read

  • May 5, 2013 |

    The Transfer Window: recent moves including Latham, CC and A&O

    Latham & Watkins has turned to Norton Rose for its latest London partner hire, recruiting banking partner Dean Naumowicz for its City finance team. Naumowicz, who joined Norton Rose as a partner in 2006 from Barclays Capital, focuses on derivatives and structured finance. Roles he has taken on recent deals have included acting for project company Societa di Progetto Brebemi on a €2.3bn (£1.9bn) toll motorway project in Italy, on which he worked with a team of lawyers from the firm's Milan office.

    1 minute read

  • May 2, 2013 |

    Ashurst and BLP lead Korean purchase of City property

    Ashurst and Berwin Leighton Paisner (BLP) have landed key roles on Samsung SRA Asset Management's acquisition of London's 30 Crown Place, in the Korean fund manager's first overseas investment. The sale of the 192,070 sq ft office building, the London base of Pinsent Masons, is reportedly valued at £142m. Ashurst advised Samsung SRA – a new client of the firm – and Cushman & Wakefield Investors, fielding a team led by real estate partners David Jones and Sarah Watkinson and tax partner Paul Miller.

    1 minute read

  • May 2, 2013 |

    Dealmaker: Robert Ogilvy Watson

    Ashurst's Hong Kong head on dodgy dye jobs, tackling bad press and handling rookie errors

    1 minute read

  • May 2, 2013 |

    Bakers, BLP, CMS among contenders as RBS reviews EMEA panel

    The Royal Bank of Scotland (RBS) has kicked off a review of its EMEA legal panel, with the tender process for places on the new roster opening last month. Allen & Overy (A&O), Ashurst, Eversheds, Baker & McKenzie, Berwin Leighton Paisner (BLP), Clifford Chance (CC), CMS Cameron McKenna, Linklaters, SJ Berwin, Travers Smith and White & Case are all understood to be among the firms pitching for a place on the panel, which covers 24 countries.

    1 minute read

  • May 2, 2013 |

    Aviva kicks off tender for new panels; magic circle duo take top-level roles

    Aviva has launched a major review of its external legal advisers that will see the insurance giant create its first group global and UK legal panels. Aviva's overall head of legal and company secretary Kirsty Cooper (pictured) and Aviva group general counsel Monica Risam are leading the review, with around 25 firms invited to pitch for places when tender documents were sent out three weeks ago.

    1 minute read

  • May 2, 2013 |

    Insured success - Aviva's legal team on reshaping the insurance giant's in-house function

    To say Aviva's overall head of legal Kirsty Cooper had a busy 2012 would be putting it mildly. As GC and company secretary for the insurance giant, the past year involved Cooper overseeing a restructuring of the in-house legal function, which saw headcount reduced by roughly 10% to 280.

    1 minute read

  • May 1, 2013 |

    DLA Piper seals strategic alliance in Indonesia

    DLA Piper has launched a strategic alliance with Indonesian law firm Ivan Almaida Baely & Firmansyah (IAB&F), as the global firm looks to step up its presence in the booming economic region. According to its website, the Jakarta-based firm has two partners, including founding member Ivan Baely and offers services to international and domestic corporations, investors and state owned enterprises.

    1 minute read

  • April 30, 2013 |

    DLA adds City corporate duo with BLP and Kirkland partner hires

    DLA Piper has added two partners to its London corporate practice with the double hire of Rob Salter and Anu Balasubramanian from Berwin Leighton Paisner and Kirkland & Ellis respectively. Salter, who is expected to join DLA in September, makes the move after nine years at BLP, where he made partner in 2006 after training at Freshfields Bruckhaus Deringer.

    1 minute read

  • April 30, 2013 |

    SJ Berwin repays profit distributions to partners after payout delay

    SJ Berwin has paid back its delayed February profit distributions to partners in full, after payments were held back to improve cash flow at the firm. The firm has confirmed that it repaid the amount in two instalments in late March and early April, after it emerged at the start of March that the firm held back quarterly profit distributions due to be paid to partners in February.

    1 minute read