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July 5, 2012 |
Herbert Smith moves to reinvent itself for new global elite with full Freehills union
One response to the news that City thoroughbred Herbert Smith has at last sealed a major international merger sums up the mood. "The most poignant thing is what it means for the culture of Herbert Smith. This is a firm where all hell broke loose over the decision to drop '& Co' from its name," says one ex-partner, referring to a debate that ruffled feathers back in the innocent days of 1986.
1 minute read
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July 5, 2012 |
Ashurst adds partner to London restructuring team with CMS hire
Ashurst has strengthened its London restructuring practice with the hire of CMS Cameron McKenna partner Martin Brown. Brown, who was made up to partner in Camerons' London banking and international finance team in 2008, specialises in corporate restructuring and insolvency proceedings. His clients include banks, hedge funds, insolvency practitioners and directors.
1 minute read
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July 4, 2012 |
Ashurst confirms 3% partner profits increase to £744,000
Ashurst has confirmed its profits per equity partner (PEP) figure for 2011-12, with the firm posting a 3% increase to reach £744,000. The PEP figure, which was announced today (4 July), comes on the back of a 5% rise in net profit, which stood at £112m for the most recent financial year. The firm posted an equivalent figure of £107m for 2010-11.
1 minute read
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June 28, 2012 |
Bain Capital credit arm set to assemble European adviser panel
Bain Capital's credit affiliate Sankaty Advisors is set to create an informal panel of law firms in Europe, with Kirkland & Ellis (pictured), Ropes & Gray and Ashurst among those hoping to benefit from the move.
1 minute read
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June 28, 2012 |
UK trio advise as Hong Kong billionaire invests £500m in Greenwich Peninsula
LG and Norton Rose have advised on the £131m refinancing of London's iconic Lloyd's building after it was awarded English Heritage Grade 1 listed status last year.
1 minute read
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June 28, 2012 |
Herbert Smith Freehills to go live as partners vote through merger
Herbert Smith and Australia's Freehills are set to merge on 1 October after partners at both firms voted in favour of a union under the banner Herbert Smith Freehills. Voting on the tie-up closed this morning (28 June), with the firms now planning a full financial merger from the autumn.
1 minute read
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June 21, 2012 |
Herbert Smith and Australia's Freehills open full-equity merger vote
Herbert Smith and Australian firm Freehills have opened the vote for their proposed tie-up, which will see the two firms enter into a full-equity merger if the deal goes ahead.
1 minute read
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June 14, 2012 |
The new, new wave - the rapid expansion of the newest entrants to the London legal market
As new firms continue to flock to London, the cautious growth of earlier entrants has been cast aside in favour of heavy investment and dramatic expansion. JDG Chambers reports
1 minute read
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June 14, 2012 |
Transport, Energy and Infrastructure Team of the Year: Herbert Smith
Herbert Smith's highlight deal in the category of Transport, Energy and Infrastructure Team of the Year was its work advising on the financing of the $1.5bn (£900m) Shuweihat 3 independent power plant (IPP) project in Abu Dhabi.
1 minute read
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June 14, 2012 |
Banking, Finance and Restructuring Team of the Year: Allen & Overy
The Government of Dubai's request in November 2009 for a six-month standstill agreement on Dubai World's debt repayments heralded a new phase of the global credit crisis.
1 minute read
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