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  • September 18, 2009 |

    Bakers, Lovells and White & Case advise on GM's Opel stake sale

    Baker & McKenzie, White & Case and Lovells are among the firms advising on a deal that will see a Canadian-Russian consortium acquire a 55% stake in GM's Opel auto unit, writes The American Lawyer. The deal, agreed after three months of negotiations, has been lauded by the German government, which is gearing up for elections at the end of this month and is keen to avoid mass layoffs at Opel, which has received billions in government aid in recent months.

    1 minute read

  • September 10, 2009 |

    McDermott set for City private client practice launch with two senior hires

    McDermott Will & Emery is to launch a private client practice in the City through a double partner hire, including LG's former senior partner. Martyn Gowar will join McDermott from Penningtons, where he has been a part-time consultant since April 2008. He was previously a partner with Lawrence Graham (now LG) for 33 years, including a stint as senior partner between 1997 and 2002, and is a consultant on LG's website. Once he joins McDermott, however, he will no longer consult at LG.

    1 minute read

  • September 9, 2009 |

    NCTM recruits from A&O to drive China ambitions

    Italy's NCTM has taken a first step towards launching in China with the hire of Hermes Pazzaglini from Allen & Overy (A&O) in Shanghai. Pazzaglini, who was a senior associate with A&O, has joined the expansive Italian law firm as a salaried partner. He will remain in China and split his time between the mainland and Hong Kong. NCTM does not yet have offices in mainland China.

    1 minute read

  • August 14, 2009 | International Edition

    Bakers London office set for 33% profits drop-off as revenues fall

    Baker & McKenzie's City office looks set to take almost twice the hit on profits per equity partner (PEP) as the rest of the firm, with London PEP expected to have fallen by a third in 2008-09. The international firm's results show that firmwide revenues fell by 3% to $2.11bn (£1.27bn), with PEP falling by 17% to $992,000 (£598,000). However, Bakers expects London turnover to dip by 3.4% to £115.7m, with PEP set to plunge by 33.5% from £572,000 to £380,000.

    1 minute read

  • August 14, 2009 |

    Bakers London office set for 33% profits drop-off as revenues fall

    Baker & McKenzie's City office looks set to take almost twice the hit on profits per equity partner (PEP) as the rest of the firm, with London PEP expected to have fallen by a third in 2008-09. The international firm's results show that firmwide revenues fell by 3% to $2.11bn (£1.27bn), with PEP falling by 17% to $992,000 (£598,000). However, Bakers expects London turnover to dip by 3.4% to £115.7m, with PEP set to plunge by 33.5% from £572,000 to £380,000.

    1 minute read

  • August 4, 2009 |

    Weil Gotshal and Bakers lead on €250m private equity sell-off

    Weil Gotshal & Manges and Baker & McKenzie have taken lead roles on the €250m (£212.2m) private equity disposal of two European food distribution companies. South African trading and distribution company Bidvest is to acquire the Czech Republic's Nowaco and Poland's Farutex from funds associated with JP Morgan, and managed by CCMP Capital Advisors, and from Bancroft Private Equity.

    1 minute read

  • 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