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  • January 26, 2012 |

    Aviva appoints Clydes and CMS to new reinsurance legal panel

    Clyde & Co and CMS Cameron McKenna have won appointments on Aviva's new reinsurance panel, put together after the insurance giant's former exclusive adviser Barlow Lyde & Gilbert merged with Clydes in November last year. Clydes and Camerons were both appointed as Aviva's UK reinsurance advisers for a two-year term taking effect from 1 January, with both also set to handle most of the reinsurance work driven from the UK for the wider Aviva Group globally.

    1 minute read

  • January 19, 2012 |

    CC and Freshfields advise as 11 banks issue £2.36bn of structured debt to ports group

    Clifford Chance (CC) and Freshfields Bruckhaus Deringer have taken roles on a £2.36bn issuance of new debt by Associated British Ports (ABP), the largest ports group in the UK. CC structured debt partner Steve Curtis led the firm's team advising a consortium of 11 banks on the refinancing alongside banking and finance partners Michael Bates, Jeremy Walter, Dan Neidle and City real estate head Jonathan Solomon.

    1 minute read

  • January 19, 2012 |

    Bakers wins Europe adviser role for telecoms company Colt

    Baker & McKenzie has 
been selected as FTSE 250 telecoms company Colt's preferred legal adviser for commercial work following a three-month tender process involving more than 45 firms. The appointment, which took effect earlier this month (1 January) and will run for an initial period of three years, will see Bakers providing all commercial, IT, telecommunications and regulatory advice to the company across Europe.

    1 minute read

  • January 19, 2012 |

    More major law firms assess plans to join 'Tesco law' revolution

    Hill Dickinson and Kennedys have become the latest top 50 law firms to confirm plans to convert to an alternative business structure (ABS), as growing numbers of firms gear up for the 'Tesco Law' revolution. DAC Beachcroft, Field Fisher Waterhouse and Withers, as well as Keoghs, are all actively considering an ABS conversion, which permits non-lawyer ownership of law firms through either external capital injections or a float and allows law firms to tag on non-legal services.

    1 minute read

  • January 19, 2012 |

    Finance partners cheer bid to make London a renminbi trading hub

    Finance partners have welcomed plans by the UK Government to help strengthen London's position as a leading financial centre by turning it into an offshore trading hub for China's renminbi (RMB) currency. Chancellor of the Exchequer George Osborne signed a deal on Monday (16 January) in Hong Kong setting out plans to make London a trading centre for the currency, which is becoming increasingly important as China's economic power continues to grow.

    1 minute read

  • January 19, 2012 |

    Man of the world - how David Morley transformed A&O into a global player

    "International offices now contribute more than 60% of A&O's revenue. Before Morley was elected, the firm's 24 foreign offices accounted for less than 20% of total revenue" - Chris Johnson discovers how David Morley transformed 'Allen & Overcautious' into a global player...

    1 minute read

  • January 12, 2012 |

    At last Davis Polk hits the City, but is the Wall St leader ready to go on offensive?

    Suzanna Ring sizes up Davis Polk & Wardwell's prospects as the US leader makes its English law debut in the City...

    1 minute read

  • January 12, 2012 |

    Stephenson Harwood to join LLP ranks with conversion

    Stephenson Harwood is set to become one of the last of the UK's top 50 law firms to convert to a limited liability partnership (LLP). The City law firm's management will put the conversion to a partnership vote before the end of the current financial year, with chief executive Sharon White saying that while the firm has not been "in a rush" to covert, it was the most sensible structure in 
the long term.

    1 minute read

  • January 12, 2012 |

    Travers Smith secures pension work mandate for Vodafone

    Travers Smith has won Vodafone as a first-time client, with the City firm securing a mandate to carry out pensions work for the telecoms giant. The firm was appointed in December last year, despite missing out on a spot on Vodafone's new UK panel announced in September 2011. The relationship will be managed by Travers pensions partner Peter Esam, with the firm hoping to expand the relationship into off panel mandates in other practices where possible.

    1 minute read

  • January 11, 2012 |

    Online trading company LCG recruits former Slaughters lawyer as first-ever GC

    Online trading company London Capital Group (LCG) has appointed its first-ever group general counsel with the hire of ex-Slaughter and May lawyer Martin Creek from Axiom Legal. Creek, who joined LCG earlier this month, has become the company's first-ever in-house lawyer.

    1 minute read