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  • February 9, 2012 |

    All aboard - war stories from the select band of GCs to have taken exec roles

    "This is a people business. You must be able to do people; if what you like is doing intensive deals and deadlines, stay in private practice" - Caroline Hill speaks to a select band of GCs who have made the step up

    1 minute read

  • February 8, 2012 |

    Ashurst LLPs: staff costs rise £5m as top earner takes home £1.05m

    Ashurst saw a £5m increase in staff costs during 2010-11 against a 2% drop in staff count, according to the firm's limited liability partnership (LLP) accounts. The accounts, recently filed on Companies House, show staff costs rose to £127.8m last year, up from £122.3m in 2009-10. Over the same period, total legal and support staff headcount fell from 1,634 to 1,602. The firm attributed the increase in staff costs to a rise in the number of partners outside the UK treated as salaried partners under the LLP for accountancy reasons.

    1 minute read

  • February 8, 2012 |

    Mayer Brown City real estate chief joins US rival as London office head

    US firm Katten Muchin Rosenman has hired Mayer Brown City real estate head Peter Sugden as its new London managing partner. The firm said the appointment had come as part of its expansion plans in its core areas of real estate and financial services. Sugden is taking on the role one year after Katten saw its former London head, funds partner Martin Cornish, depart for K&L Gates in early 2011. Finance partner Edward Black has headed up the office in the interim period.

    1 minute read

  • February 5, 2012 |

    Ashurst makes debut for new client opposite Linklaters on $800m TPG buyout

    Linklaters and Ashurst have taken lead roles on TPG Capital's $800m (£508m) acquisition of hedge fund services company GlobeOp. Linklaters won the lead role for the buyout house, fielding a team led by corporate partner Charlie Jacobs and private equity partner Carlton Evans.

    1 minute read

  • February 2, 2012 |

    Hogan Lovells set to name London litigator as sole chairman

    Hogan Lovells has put forward London real estate litigation chief Nicholas Cheffings as the firm's new sole chair, with the appointment set to be confirmed by a partnership vote next week. Cheffings, currently the London representative on the firm's post-merger board, was also a member of legacy Lovells' partnership council prior to its May 2010 merger with US firm Hogan & Hartson.

    1 minute read

  • February 2, 2012 |

    BLP boosts finance practice with senior Dechert hire

    Berwin Leighton Paisner (BLP) has made another addition to its finance practice, with Dechert's Steve Clark set to join the firm as a partner. Clark will join BLP's real estate finance group from the US firm, where he is currently of counsel, in the coming weeks.

    1 minute read

  • February 2, 2012 |

    CC, Linklaters and SNR Denton take lead roles as Petroplus files for administration

    Clifford Chance (CC), Linklaters and SNR Denton have picked up lead roles after one of Europe's largest independent refiners, Petroplus, defaulted on $1.75bn (£1.12bn) of debt and filed for insolvency last week 
(24 January). The Swiss company's UK arm, Petroplus Refining & Marketing, a key source of petrol for London and the Southeast, instructed magic circle firm CC on the insolvency, with London restructuring partner John MacLennan taking the lead.

    1 minute read

  • February 1, 2012 |

    Ashurst managing partner to stand down ahead of schedule

    Ashurst managing partner Simon Bromwich has announced to the firm's partners that he will stand down at the end of the financial year. Bromwich, who was originally named managing partner in 2004 after only five years as a partner with Ashurst, succeeded Justin Spendlove in the role and was reappointed in January 2007 and January 2010.

    1 minute read

  • January 31, 2012 |

    Slaughters takes MF Global dispute role; court docs reveal hourly rates

    Slaughter and May has been called in to advise on a multimillion-dollar dispute relating to the high-profile liquidation of US broker MF Global. An application by MF Global's trustee, James Giddens, to retain Slaughters as UK counsel was made in the New York courts at the close of last year, with approval subsequently granted.

    1 minute read

  • January 27, 2012 |

    Clifford Chance trainee retention dips to 76% as Ashurst keeps on 78%

    Clifford Chance (CC) is set to keep on 76% of its March newly-qualified lawyers, significantly lower than magic circle rivals Allen & Overy and Freshfields Bruckhaus Deringer and the firm's own equivalent figure for 2011.CC will keep on 39 trainees from an intake of 51, 48 of which applied for posts with the firm. This time last year the firm posted a retention rate of 91%, keeping on 52 new qualifiers.

    1 minute read