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  • May 17, 2012 |

    Slaughters and A&O win top roles on £1.4bn Thomas Cook refinancing

    Slaughter and May and Allen & Overy (A&O) have won lead roles to advise on the £1.4bn refinancing of UK travel giant Thomas Cook.

    1 minute read

  • May 17, 2012 |

    Partners concede: commercial lawyers overpaid and clients deserve better value

    The majority of partners believe commercial lawyers are overpaid at all levels, according to new research which suggests advisers should hand clients considerable further ground on costs.

    1 minute read

  • May 16, 2012 |

    Sullivan and Slaughters lead as Diageo taps US bond markets for $2.5bn

    Diageo has instructed a trio of leading law firms on a $2.5bn (£1.5bn) financing deal that saw the London-based drinks giant tap the US bond markets. The London-based company, which owns alcoholic beverage brands including Guinness, Baileys, Captain Morgan and Smirnoff, turned to Sullivan & Cromwell for US law advice with Slaughter and May taking the lead UK law role.

    1 minute read

  • May 11, 2012 |

    RPC signs up Reed Smith partner for bank litigation team

    Reynolds Porter Chamberlain (RPC) has grown its City banking litigation team with the hire of Reed Smith partner Simon Hart. Hart joins RPC after seven years as a partner at Reed Smith. Prior to his move to the US outfit he spent time at legacy firm Wilde Sapte, now part of SNR Denton.

    1 minute read

  • May 11, 2012 |

    Travers and CC advise on €200m L'Oreal deal

    Travers Smith and Clifford Chance (CC) have advised on the €200m (£162m) sale of French skincare manufacturer Cadum to L'Oreal. Travers advised the seller, Anglo-French private equity firm Milestone Capital Partners, on the deal, with Paris head and corporate finance partner David Patient leading.

    1 minute read

  • May 10, 2012 |

    White set to retire as Slaughters backs leadership for second term

    Slaughter and May is gearing up to select a new executive partner with current post-holder Graham White set to retire from the firm at the end of April next year, when senior partner Chris Saul and practice partner Paul Olney will take up their second terms in office. The magic circle firm was expected to confirm to partners yesterday (10 May) that White will step down from the role and leave the firm, while Saul and Olney will each continue in their respective roles for a shortened term of three years.

    1 minute read

  • May 8, 2012 |

    Freshfields NQs to make at least £65k as new merit pay system kicks in

    Freshfields Bruckhaus Deringer has confirmed associate salaries under its new merit-based pay scheme, with newly-qualified (NQ) lawyers set to make at least £65,000 - £3,500 more than those at rival magic circle firms.

    1 minute read

  • May 4, 2012 |

    Herbert Smith corporate insurance duo quits for Ashurst

    Herbert Smith corporate insurance partners Adam Levitt and Hammad Akhtar have quit to join City rival Ashurst. Levitt and Akhtar handed in their notice last month, leaving Herbert Smith with one corporate insurance partner in London, Geoffrey Maddock.

    1 minute read

  • May 4, 2012 |

    Linklaters opts for small rises in 2012 associate pay review

    Linklaters has increased its salary bands for associates with between one and three years' post-qualification experience (PQE), after freezing pay bands across the board last year.The firm confirmed its new pay bands today (4 May), becoming the third magic circle firm to announce 2012 associate salaries.

    1 minute read

  • April 30, 2012 |

    Slaughters salary review sees pay rates held broadly at 2011 levels

    Slaughter and May has opted to freeze its associate salary bands at the same rates as last year, marking the second consecutive review in which associate pay levels at the firm have remained static. The magic circle firm is holding its pay bands at the same levels as those set out in the firm's November 2011 pay review, with the exception of associates with two years' post-qualification-experience (PQE), who will see pay increase marginally from £76,000 to £76,500.

    1 minute read