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  • July 1, 2010 |

    Ashurst corporate head steps down as firm names global practice chief

    Ashurst corporate head Adrian Clark has stepped down from his role as the firm appoints Stephen Lloyd to the newly-created position of global head of corporate. Lloyd, the former managing partner of the London corporate department, will take up the new role of global head of corporate, which will see him lead the firm's corporate strategy as well as overseeing the day-to-day running of the global corporate practice. At the same time, fellow corporate partner Simon Beddow has been appointed to the new role of European managing partner of corporate.

    1 minute read

  • June 29, 2010 |

    Osborne's first Budget provides mood music businesses want

    Who with a blank canvas would invent the Budget? This strange piece of political theatre basically involves the Chancellor of the day packaging up a series of micro-managing pieces of tax-fiddling into some form of narrative for the Government. Certainly, the format is at odds with the fact that the Government's tax and spending policies are supposed to be decided over the medium to long term. And with Pre-Budget reports, pre-election Budgets and last week's 'emergency' Budget, it seems some form of budget is becoming almost a seasonal occurrence. Yet even for the cynical, the first Budget of a new administration is one of the rare occasions in which the process carries real policy significance.

    1 minute read

  • June 28, 2010 |

    Herbert Smith sees small rises in PEP and turnover for 2009-10

    Herbert Smith has become one of just a few firms to reveal a slight increase in both turnover and profits per equity partner (PEP) for the 2009-10 financial year.

    1 minute read

  • June 24, 2010 |

    Ashurst revenue sees small dip as PEP climbs to £689k

    Ashurst has unveiled a 2.6% drop in revenue as the top 20 City firm becomes the latest to reveal its financial results for the 2009-10 financial year. The firm's turnover stands at £293m, dipping from £301m in the 2008-09 financial year.

    1 minute read

  • June 22, 2010 |

    Firms ramp up junior recruitment in fast-recovering Sweden market

    A number of international firms are ramping up associate recruitment in Sweden in response to a recent surge of activity in the local market. Linklaters, Ashurst, Bird & Bird and White & Case are all expanding their junior ranks in the country, with Linklaters holding a recruitment round in addition to its usual intakes during spring and autumn.

    1 minute read

  • June 22, 2010 |

    Ashurst hires Schulte Roth partner for structured finance group

    Ashurst has boosted its derivatives and structured products group with the hire of Schulte Roth & Zabel finance partner Nick Terras. Terras joined Schulte Roth in 2008 as a partner in the New York hedge fund specialist's investment management group, arriving from McDermott Will & Emery, where he was co-head of securitisation and structured finance.

    1 minute read

  • June 18, 2010 |

    Ashurst boosts structured finance with hire of Schulte Roth partner

    Ashurst has boosted its derivatives and structured products group with the hire of Schulte Roth & Zabel finance partner Nick Terras. Terras joined Schulte Roth in 2008 as a partner in the New York hedge fund specialist's investment management group, arriving from McDermott Will & Emery, where he was co-head of securitisation and structured finance.

    1 minute read

  • June 17, 2010 |

    City lawyers unimpressed by overhaul of banking regulation

    A sweeping shake-up of banking regulation has met with a cool reception from City lawyers with doubts raised about the move to largely abolish the Financial Services Authority (FSA). The overhaul, which was announced last night (16 July) by Chancellor George Osborne at the annual Mansion House speech, will see a major increase in power for the Bank of England, which will take on a new remit to police market risk.

    1 minute read

  • June 16, 2010 |

    DLA Piper asset finance partner set to join Milbank's London office

    Milbank Tweed Hadley & McCloy is set to bolster its City arm with the hire of DLA Piper asset finance partner James Cameron. Cameron handed in his notice to DLA Piper earlier this week in a move which will see the national firm lose one of its most notable finance partners. Milbank has for some time been looking to add to its City capabilities in project, leveraged and structured finance by recruiting someone with asset finance experience.

    1 minute read

  • June 16, 2010 |

    International firms in London: Swoop to conquer

    June 2009, and it was just another not-so-hectic day in the finance department of Addleshaw Goddard's London office - which, after some busy years in the middle of the decade, had slowed dramatically following the onset of the credit crunch in 2007. The firm had recently posted its annual financial results, announcing a fall in revenue of 11.4% and a 30.9% decline in profits per equity partner (PEP), having earlier that year cut 10% of its partnership. Needless to say, acquisition finance partner Phil Slater was on hand to answer his phone when it rang that morning.

    1 minute read