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  • February 15, 2011 |

    Ashurst and Latham take lead on Sweden's $2.9bn bank stake sale

    Ashurst and Latham & Watkins have taken lead roles on the Kingdom of Sweden's sale of $2.9bn (£1.8bn) of its stake in Swedish bank Nordea. Ashurst advised the underwriters on the deal, which included Nomura, Morgan Stanley and Swedish bank SEB Enskilda. The City firm fielded a London and Stockholm team led by City-based head of capital markets Nicholas Holmes.

    1 minute read

  • February 15, 2011 |

    Ashurst makes regulatory push with new spin-off practice group

    Ashurst has spun off its London regulatory practice from its financial institutions group (FIG) as the firm bids to increase the profile and remit of the team. The regulatory team will now operate as one of eight sub-groups within the London corporate practice, instead of as a smaller team within the FIG sub-group.

    1 minute read

  • February 9, 2011 |

    Norton Rose seals hire of Nabarro City real estate finance partner

    Norton Rose is set to make a lateral hire in London with the addition of a real estate finance partner from Nabarro. Duncan Hubbard will join Norton Rose's banking practice later this month (21 February). Formerly a lawyer at Ashurst, Hubbard has been a partner in the banking, finance and restructuring team at Nabarro since 2005.

    1 minute read

  • February 8, 2011 |

    BoA Merrill and Credit Agricole unveil coveted legal panels

    A raft of City law firms have won places as Bank of America Merrill Lynch (BoA Merrill) and Credit Agricole finalise their legal panels. BoA Merrill has appointed UK firms including Allen & Overy, Linklaters and Clifford Chance (CC) to its first new legal panel since the two banks merged in January 2009.

    1 minute read

  • February 4, 2011 |

    Weil Gotshal posts falling revenue and partner profits for 2010

    Weil Gotshal & Manges saw a decrease in revenue in 2010, according to financial data reported by the firm, writes The Am Law Daily. Gross revenue in 2010 dipped 4% to $1.19bn (£750m) for the US law firm. While revenue fell, a series of cost-cutting measures - total lawyer headcount shrank by more than 90 - pushed net income up by 3% to a record high of $438.5m (£277m). Consequently, Weil's profit margin rose to 37%, its highest level since 1997.

    1 minute read

  • February 3, 2011 |

    Ashurst accounts: 2009-10 top earner made £1.1m as staff costs edge up

    Ashurst's top-earning partner made just under £1.1m last year, according to accounts filed this week with Companies House. The £1.07m figure is 12% higher than the top of Ashurst's standard lockstep for 2009-10, which ranged from £362,000 to £940,000. The reason for the £130,000 discrepancy with the top of the lockstep was increased compensation for departing partners.

    1 minute read

  • February 2, 2011 |

    Ex-O'Melveny partner to head Euro legal team for buyout giant Apollo

    US buyout house Apollo Global Management has hired former O'Melveny & Myers private equity partner Paul Loynes as its first-ever European head of legal. Loynes, who left O'Melveny's London office in October last year having made partner in 2006, will be based in London but will report to global chief counsel John Suydam in New York. During his time with O'Melveny he spent one year on secondment to the US law firm's New York office.

    1 minute read

  • January 26, 2011 |

    Weil recruits new UK restructuring chief with Jones Day London hire

    Weil Gotshal & Manges has made its second London hire in a month with the addition of Jones Day restructuring head Adam Plainer. Plainer is joining Weil as practice head of the US firm's UK business finance and restructuring practice, which currently comprises just one partner, Dominic McCahill. Plainer, who has been handed a remit to build up the practice, advises on a wide range of matters from debtors counsel to insolvency, financial restructurings and distressed M&A. His clients include Honda and Ennstone.

    1 minute read

  • January 26, 2011 |

    Ashurst keeps on 21 of 22 NQ lawyers in March trainee intake

    Ashurst is to retain 95% of its March trainee intake - significantly more than the firm kept on last year. The top 10 City firm has offered 21 of the 22 trainees due to qualify in March positions on qualification, with all of these accepting the offer. The 95% retention rate marks a significant improvement on the March 2010 round, when Ashurst only made offers to 14 of the 22-strong intake (64%). This figure increased to 84% in September 2010 when the firm kept on 26 of its 31 qualifiers.

    1 minute read

  • January 25, 2011 |

    A&O, Dickson Minto and Ashurst lead on gambling tech company buyout

    A trio of City firms have won roles advising on the £208m management buyout of gambling technology provider OpenBet backed by London private equity house Vitruvian partners. The deal saw OpenBet, which is one of the leading software providers in the e-gaming and online betting arena, sold by digital pay TV provider NDS.

    1 minute read