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  • July 19, 2012 |

    Co-op confirms major post-ABS expansion with £750m Lloyds deal

    The Co-operative Group has followed its conversion to an alternative business structure (ABS) with a transformative £750m acquisition of 632 Lloyds TSB and Cheltenham & Gloucester bank branches. The Co-op, which instructed magic circle firm Clifford Chance (CC) on the acquisition last year, will pay £350m upfront and an additional £400m based on the performance of the combined business.

    1 minute read

  • July 19, 2012 |

    Slaughters, Paul Hastings and Wilson Sonsini lead on Samsung's $310m UK purchase

    Slaughter and May, Paul Hastings and Wilson Sonsini Goodrich & Rosati have scored key roles on Samsung's $310m (£199m) acquisition of British tech company CSR's mobile-chip division. Slaughters advised CSR on the deal, with a team comprising corporate finance partner William Underhill, IT and outsourcing head Rob Sumroy and IP and IT associate Brett Sherrard, as well as tax partner Tony Beare, pensions partner Roland Doughty, real estate partner David Waterfield and competition partner Michael Rowe.

    1 minute read

  • July 18, 2012 |

    A&O and Freshfields take top roles on €4.3bn Euro real estate refinancing

    Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Sidley Austin have advised on the €4.3bn (£3.4bn) refinancing of German property portfolio Deutsche Annington, in what is thought to be the largest-ever European real estate refinancing. A&O led for Terra Firma-owned Deutsche Annington with a team including global restructuring and insolvency head Mark Sterling, City restructuring partner Ian Field and Frankfurt banking partners Mark Manson-Bahr and Olaf Meisen.

    1 minute read

  • July 17, 2012 |

    US quartet score roles on GSK's $3bn biotech takeover

    Cleary Gottlieb Steen & Hamilton and Wachtell Lipton Rosen & Katz are among a host of US firms to take lead roles on GlaxoSmithKline's (GSK) $2.8bn (£1.8bn) acquisition of Human Genome Sciences (HGS), ending a three-month hostile pursuit of the biotech company after bettering its offer.

    1 minute read

  • July 12, 2012 |

    British Gas phases out general counsel role after legal chief Rowlands departs

    British Gas general counsel Melanie Rowlands has left the company to rejoin vacuum technology producer Edwards Group as a legal consultant.

    1 minute read

  • July 12, 2012 | International Edition

    Claiming Churchill's legacy - charting the eventful history of the Human Rights Act

    Born in controversy, 9/11 kept the Human Rights Act at the forefront of a heated political debate. Charlotte Edmond traces the celebrated and reviled law's recent history

    1 minute read

  • July 12, 2012 |

    Claiming Churchill's legacy - charting the eventful history of the Human Rights Act

    Born in controversy, 9/11 kept the Human Rights Act at the forefront of a heated political debate. Charlotte Edmond traces the celebrated and reviled law's recent history

    1 minute read

  • July 12, 2012 |

    Links and Eversheds act on Dairy Crest deal

    Eversheds and Linklaters have advised on the £344m sale of Dairy Crest's French arm to Montagu Private Equity.

    1 minute read

  • July 10, 2012 |

    Trio post retention rates as Wragges trainees turn down £5k deferral offer

    Slaughter and May, Ashurst and SNR Denton have all posted healthy September trainee retention rates, with Slaughters set to keep on 91% of its newly-qualified (NQ) lawyers. Forty-two of Slaughter's 46 qualified trainees have been offered places at the firm, with the 91% figure marginally up on the firm's March intake this year, when 90% were kept on at the magic circle firm. A further two trainees resigned from the firm before the qualification process began.

    1 minute read

  • July 5, 2012 |

    Partners say City firms are out of the dark ages on flexi-working

    The overwhelming majority of partners believe law firms must allow both partners and associates to work flexibly, despite acknowledging the difficulties it can cause in terms of career progression. Legal Week's latest Big Question survey found almost half of the 140 respondents said it was essential for firms to offer flexible working opportunities to partners and associates, with a further 36% believing it to be 'very important' for partners, rising to 37% for associates.

    1 minute read