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  • July 13, 2011 |

    Brown Rudnick boosts London with Chadbourne partner hire

    Brown Rudnick has strengthened its European bankruptcy and restructuring team with a partner hire from the London office of Chadbourne & Parke. Insolvency partner Adrian Harris is set to join Brown Rudnick's London office in August, having been a partner at Chadbourne since 2006.

    1 minute read

  • July 7, 2011 |

    Ashurst sees PEP rise 5% as top of lockstep breaks £1m

    Ashurst has unveiled a single-digit rise in revenues and profits, with profits per equity partner (PEP) at the City firm climbing to £723,000.The firm's turnover for the 2010-11 financial year stood at £303m, an increase of 3.4% from last year's figure of £293m.

    1 minute read

  • July 6, 2011 |

    Five firms win first-time spots on new Santander UK legal panel

    Bird & Bird, Wragge & Co and Taylor Wessing are among five firms to have been added to Santander's own-account panel in the UK following a three-month competitive tender process. Santander turned to online procurement company Aquanima to handle the first review of its merged UK panel since 2009, which covers the legacy Abbey, Alliance & Leicester and Bradford & Bingley brands.

    1 minute read

  • July 4, 2011 |

    CC and A&O lead on Greater London Authority's Crossrail funding deal

    Clifford Chance (CC) and Allen & Overy (A&O) have taken lead roles as the Greater London Authority (GLA) becomes the first local authority to tap the bond markets since the mid-1990s, with a £600m issue to help fund London's Crossrail project. The bonds will be issued through a special purpose vehicle set up by Lloyds Bank Corporate Markets, which is specially targeted at local authorities.

    1 minute read

  • July 1, 2011 |

    Elite US trio added to Barclays panel after review of bank's advisers

    Barclays has added three US firms to its general advisory panel, following a comprehensive panel review intended to increase value for money from the bank's regular advisers. Cleary Gottlieb Steen & Hamilton, Shearman & Sterling and Sullivan & Cromwell have been added to the bank's main general advisory panel after Barclays decided to include the creation of a US sub-division for the first time.

    1 minute read

  • June 29, 2011 |

    Gateway to the East? Much is riding on tie-ups Down Under

    News that Ashurst has become the latest City law firm looking to stretch its international reach into Australia has got a market already stirred up by the entrance of two magic circle firms within the last 18 months more than a little excited. And that's even before taking into account an abundance of reports about other British law firms courting Australian outfits, such as City rival Herbert Smith.

    1 minute read

  • June 22, 2011 |

    Ashurst sets sights on strategic Australia deal

    Ashurst has become the latest UK practice to set its sights on the Australian legal market, with the City law firm currently assessing its options in the strategically important jurisdiction. Internal sources have cited the most ambitious option as pursuing a tie-up with leading Australian law firm Blake Dawson, with which Ashurst has held exploratory discussions.

    1 minute read

  • June 22, 2011 |

    Ashurst adds Luxembourg capability to City practice with partner hire

    Ashurst has added a Luxembourg desk to its City corporate practice with the hire of Isabelle Lentz from Oostvogels Pfister Feyten. Lentz, who joins the firm as a partner, is set to relocate from the Luxembourg firm to London, where she will provide Luxembourg law advice for Ashurst's established clients, as well as servicing her own legacy clients based in the region.

    1 minute read

  • June 22, 2011 |

    Brown Rudnick bulks up in the City with two new partners

    Ashurst structured funds head Nick Terras is set to leave the firm to join Brown Rudnick's London office. Terras, who will become the US firm's 28th partner in the City, joined Ashurst last year from New York hedge fund specialist Schulte Roth & Zabel, when he was recruited as a consultant and handed a role to liaise between the UK firm's funds and derivates groups.

    1 minute read

  • June 22, 2011 |

    Brand versus brawn – can CC get back in the funds game?

    While the initial response to Weil Gotshal & Manges' daring four-partner raid on Clifford Chance's (CC's) private equity funds team focused on what the move meant for Weil Gotshal's UK ambitions, as the dust settles the wider significance for the City market will be defined far more by what the loss ultimately means for CC. There is no doubt that the move punches a sizeable hole in one of the City firm's marquee practice areas. By its own admission, it doesn't currently have the partner ranks to service its existing funds clients once the departing partners – Ed Gander, Nigel Clark and Nick Benson and tax partner Jonathan Kandel – have left. Of course, this is before considering whether clients' patience will hold out – the team having already recently lost high-profile team head Jason Glover to Simpson Thacher & Barlett.

    1 minute read