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  • August 20, 2009 |

    CC and Slaughters take top roles on $15bn debt refinancing deal

    Clifford Chance (CC), Slaughter and May, Skadden Arps Slate Meagher & Flom and Cleary Gottlieb Steen & Hamilton and are among a host of firms to advise on the $15bn (£9.1bn) refinancing of cement producer CEMEX's debt. The company, dual-listed in New York and Mexico, completed the debt restructuring last week (14 August), with the deal involving the agreement of all of the company's participating creditors on debt including syndicated loans, bilateral facilities and US private placement notes.

    1 minute read

  • August 20, 2009 |

    Dentons signs up to exclusive training deal with College of Law

    Denton Wilde Sapte has sealed a deal to send all of its future trainees to study exclusively with the College of Law. The agreement, which starts in September, will cover both the Legal Practice Course (LPC) and the Graduate Diploma in Law (GDL). It will allow those with training contracts with Dentons to study at any of the College's five centres in the UK.

    1 minute read

  • August 18, 2009 |

    Ex-Linklaters advocacy chief Humphries joins SRA board

    Former Linklaters advocacy head Mark Humphries has been appointed to the Solicitors Regulation Authority (SRA) board. Humphries is one of 14 members who will take up four-year posts on the board from January 2010. New entrants from City firms include Norton Rose's global head of competition Martin Coleman and recently-retired Slaughter and May competition partner Malcolm Nicholson.

    1 minute read

  • August 11, 2009 |

    Herbies wins role on Resolution's £1.86bn Friends Provident takeover

    Herbert Smith is the latest firm to land a role advising on the recommended £1.86bn takeover of Friends Provident by Resolution. The top 10 City firm is advising Resolution's banks, including Credit Suisse and Lazard, on the recommended acquisition, which was announced today (11 August).

    1 minute read

  • August 5, 2009 |

    Lovells to keep on 69% of September qualifying intake

    Lovells has retained 69% of its September qualifiers, placing the firm broadly in line with its City rivals. Thirty-six trainees from a qualifying intake of 40 applied for a job at the firm, with a total of 25 taken on.

    1 minute read

  • August 4, 2009 |

    Mayer Brown partner seconded to Merrill Lynch

    Mayer Brown London finance litigation partner Ed Sautter has gone on secondment to longstanding client Bank of America Merrill Lynch. Sautter, who sits within Mayer Brown's City financial institutions group, is currently the only Mayer Brown partner on secondment to a bank and will remain with the client for almost five months until November 2009.

    1 minute read

  • July 29, 2009 |

    Northern Rock shareholders fail in bid to secure improved compensation

    The Northern Rock shareholders have lost their appeal to secure improved compensation following the nationalisation of the lender, with the claimants now prepared to take their case all the way to Europe. A judgment handed down yesterday (28 July) in the Court of Appeal supported a February decision, which scuppered the attempts of more than 150,000 private shareholders to increase their compensation level. The judgment followed a three-day hearing in June before the Master of the Rolls Sir Anthony Clarke, Lord Justice Laws and Lord Justice Waller.

    1 minute read

  • July 23, 2009 |

    Slaughters and Simpson Thacher lead on €250m KKR music deal

    Slaughter and May and Simpson Thacher & Bartlett have landed lead roles advising on a joint venture between media giant Bertelsmann and US private equity house Kohlberg Kravis Roberts & Co (KKR). Slaughters was drafted in to advise the German media group on the arrangement, which will see KKR putting in up to €250m (£214m) to acquire catalogues of songs.

    1 minute read

  • July 23, 2009 |

    Stuck in the middle with you

    Secondments from advisers to clients are supposed to represent the classic professional win-win. The client gets legal talent at a discount, while the adviser gets to know the client better and cement a valuable commercial relationship. And with law firms now left with spare capacity in light of the slump in commercial activity, and many in-house departments struggling to cover work due to recruitment freezes, secondments should - on paper - be the perfect solution.

    1 minute read

  • July 22, 2009 |

    Trio of major firms look to usher in merit-driven pay

    CMS Cameron McKenna, Eversheds and Simmons & Simmons have launched reviews expected to usher in merit-driven pay for assistants. The trio are mid-way through consultations that could see new pay structures in place by the next financial year - joining the growing rank of firms moving away from assistant lockstep.

    1 minute read