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  • July 23, 2009 |

    SJ Berwin boosts London finance team with hire of A&O partner

    SJ Berwin is expanding its London finance team with the hire of Allen & Overy (A&O) leveraged finance partner Ian Borman, who is set to join the top 20 City firm in September. His appointment takes the leveraged finance team to four partners and the wider finance group to 11 partners. Borman, a partner in A&O's leveraged team for five years, has worked on deals including last year's bank financing of Gas Natural's E19bn (£16.4bn) takeover bid for Union Fenosa.

    1 minute read

  • July 14, 2009 |

    Baker & McKenzie slashes UK partner promotion round

    Baker & McKenzie has promoted only one lawyer to its London partnership, compared with six in last year's promotion round.

    1 minute read

  • July 9, 2009 | International Edition

    International law firms: Batten down the hatches

    If ever there was a market to test the commitment of international firms to their London office, this would be it. Plummeting workloads and high operating costs have meant more so than ever the City is proving an expensive toehold.

    1 minute read

  • July 9, 2009 |

    International law firms: Batten down the hatches

    If ever there was a market to test the commitment of international firms to their London office, this would be it. Plummeting workloads and high operating costs have meant more so than ever the City is proving an expensive toehold.

    1 minute read

  • July 9, 2009 |

    GE appoints CC and Ashurst to Europe adviser roster

    General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles including Clifford Chance, Allen & Overy (A&O), Ashurst and Norton Rose.

    1 minute read

  • July 9, 2009 |

    CC scales down CEE operations with Budapest spin-off but keeps Romania and Ukraine focus

    Clifford Chance (CC) has become the latest magic circle firm to retrench in Central and Eastern Europe (CEE), with the firm opting to close in Budapest. The Hungary office will spin off from CC at the end of July to form Lakatos Koves & Partners, which will continue to work with CC in a 'best friends' relationship. The spin-off practice will see all 29 Hungary-based fee earners, as well as staff, join the new firm.

    1 minute read

  • July 9, 2009 | International Edition

    Foreign firms put merger hopes on hold to hunker down for recession

    The number of international law firms in London looking for a tie-up has fallen to its lowest level in five years, as firms batten down the hatches in their City outposts during the downturn. Only 21% of non-UK headquartered firms in London said they would consider a merger with a UK firm according to Legal Week's annual survey of international law firms in London. The result marks a sharp decline from last year when 45% of firms said they would consider a UK deal.

    1 minute read

  • July 9, 2009 |

    Foreign firms put merger hopes on hold to hunker down for recession

    The number of international law firms in London looking for a tie-up has fallen to its lowest level in five years, as firms batten down the hatches in their City outposts during the downturn. Only 21% of non-UK headquartered firms in London said they would consider a merger with a UK firm according to Legal Week's annual survey of international law firms in London. The result marks a sharp decline from last year when 45% of firms said they would consider a UK deal.

    1 minute read

  • July 7, 2009 |

    Sullivan & Cromwell finalises first UK corporate Rio Tinto deal

    Sullivan & Cromwell has completed its first UK corporate deal for Rio Tinto, acting opposite Baker & McKenzie on the $1.2bn (£742,058) disposal of Rio's Alcan Food Americas division to US packaging company Bemis. The US firm was instructed by Rio Tinto last year following a beauty parade and fielded a team from London and New York led by London M&A partners Tim Emmerson and Nikolaos Andronikos, assisted by tax partner Michael McGowan.

    1 minute read

  • July 6, 2009 |

    Bingham McCutchen acquires McKee Nelson

    Bingham McCutchen is to acquire McKee Nelson , with the two firms to merge from the start of next month, writes The American Lawyer. Partners at both firms were told of the merger this morning (6 July), with the combined firm, which will be called Bingham McCutchen, to take on all of McKee Nelson's lawyers.

    1 minute read