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  • August 5, 2010 |

    Linklaters, SJ Berwin and Ashurst lead on development of new UBS City HQ

    Linklaters and SJ Berwin have taken lead roles on the £340m development and pre-let of the new UBS headquarters on the Broadgate Estate in London. Bluebutton Properties, a joint venture company owned by British Land and Blackstone, has secured a 700,000 sq ft pre-let with UBS at the estate. The new building, when completed, will be the largest office block in the City.

    1 minute read

  • August 5, 2010 |

    Deutsche Telekom recruits Ashurst Frankfurt partner as new GC

    Deutsche Telekom has appointed a new general counsel with the hire of a corporate partner from Ashurst's Frankfurt office. Claudia Junker is set to move over to Deutsche Telekom in November. She joined Ashurst from Hengeler Mueller in 2008 and specialises in corporate law and M&A.

    1 minute read

  • August 4, 2010 |

    Top 30 trainee retention returns to more than 80% as economy turns

    Trainee retention rates at the UK's leading law firms are recovering strongly this year as activity levels begin to pick up in the wake of the downturn. The average retention rate for September intakes across the UK top 30 firms currently stands at 81%, an improvement of seven percentage points on September 2009, based on the number of qualifying trainees due to remain at their firm.

    1 minute read

  • August 3, 2010 |

    A&O recruits long-serving Bingham partner for US capital markets team

    Allen & Overy (A&O) has bolstered its US capital markets practice with the hire of a top-rated securitisation partner from Bingham McCutchen. Ed de Sear has joined the firm's New York international capital markets practice in a lateral move from Boston-based Bingham.

    1 minute read

  • August 3, 2010 |

    Indian Supreme Court to give final ruling on global law firms' practising rights

    International law firms' campaign to be allowed to practise in India is set to be passed to the Indian Supreme Court following last month's visit by the Indian justice minister to the UK. Moodbidri Veerappa Moily met with Justice Secretary Kenneth Clarke to discuss how to improve the relationship between the two countries, with a particular focus on judicial and legal reform.

    1 minute read

  • August 3, 2010 |

    Sullivan and Macfarlanes lead on $1.3bn insurance takeover bid

    Sullivan & Cromwell and Macfarlanes have scored lead roles on US private equity group Apollo's $1.3bn (£835m) offer for Brit Insurance. Sullivan is advising Apollo on the bid with a team led by corporate partners Tim Emmerson, Ben Parry and Nikolaos Andronikos, alongside finance partner Neal McKnight and European counsel Rajan Subberwal.

    1 minute read

  • August 2, 2010 |

    Ashurst and CC advise on landmark £1.3bn hospital PPP

    A trio of firms have lined up on the world's largest public-private partnership (PPP) hospital in a SEK14.5bn (£1.3bn) deal. The project, Sweden's first health and medical care PPP, involved the development and construction of Stockholm's new university hospital, Nya Karolinska Solna.

    1 minute read

  • July 29, 2010 |

    Eversheds corporate partner named new head of private equity

    Eversheds has appointed a new head of private equity, with City corporate partner Richard Moulton taking over the role. Moulton replaces Mark Spinner, the firm's head of corporate, who led the private equity group for eight years. Spinner, who was appointed corporate head two years ago, will continue to practise in the private equity group but will now shift his management focus to the corporate group.

    1 minute read

  • July 29, 2010 |

    FSA calls for law firm secondees as City shake-up moves forward

    The Financial Services Authority (FSA) is aiming to attract more secondees from law firms to assist in its dismantling following last month's announcement that the UK's system of financial regulation is to be overhauled. The secondees will assist the FSA's general counsel division in dividing up the City watchdog to form the separate regulators - the Prudential Regulation Authority (PRA) and the Consumer Protection and Markets Authority (CPMA) - at the heart of the new regulatory framework.

    1 minute read

  • July 28, 2010 |

    Links and CC win roles on £5bn GDF deal as M&A activity bursts into life

    Linklaters and Clifford Chance (CC) have lined up to advise on the £5bn reverse takeover of International Power by French utility business GDF Suez as the M&A market last week burst into life. CC is acting for longstanding client International Power, fielding a team under corporate partners David Pudge and Brendan Moylan and banking partner Andrew Grenville. Linklaters was brought on board for GDF Suez, with London-based corporate partner Matthew Middleditch advising. French leader Bredin Prat is acting as local counsel for the utility giant, with corporate partners Patrick Dziewolski and Matthieu Pouchepadass heading up the team.

    1 minute read