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  • June 19, 2008 | International Edition

    Barclays protects partners against weak pound

    Barclays is launching a new service to let law firm partners individually protect their earnings against exchange rate fluctuations. The service, which is to be rolled out in a matter of weeks, will allow partners to hedge their earnings against currency fluctuations individually rather than through their firms, as is currently available.

    1 minute read

  • June 19, 2008 |

    Barclays protects partners against weak pound

    Barclays is launching a new service to let law firm partners individually protect their earnings against exchange rate fluctuations. The service, which is to be rolled out in a matter of weeks, will allow partners to hedge their earnings against currency fluctuations individually rather than through their firms, as is currently available.

    1 minute read

  • June 19, 2008 |

    Magic circle M&A teams hold steady as credit squeeze hits deal markets

    European M&A activity levels have held up across the magic circle despite the downturn in the credit markets. Statistics compiled for Legal Week by Mergermarket show that volume levels fell by a third across magic circle advisers in the first calendar quarter of 2008, compared with Q1 2007. Despite the significant drop, the firms put in a better performance than many would have expected given the slowdown in overall deal activity.

    1 minute read

  • June 18, 2008 |

    Legal Week Strategic Technology Forum: Joining the IT crowd

    Talk about playing to the crowd. The recent Legal Week Strategic Technology Forum featured a pre-recorded interview between David Morley, senior partner of Allen & Overy, and Jeremy Hand, chairman of the British Private Equity and Venture Capital Association (BVCA), on the future of legal services.Hand, whose private equity firm, Lyceum Capital, is targeting the legal market for investment, said he believed technology personnel would fare better than some lawyers in the 'brave new world' heralded by the Legal Services Act (LSA).

    1 minute read

  • June 18, 2008 |

    Ashurst, Kirkland and Bonelli lead on PE trio's E1bn share purchase

    Ashurst, Kirkland & Ellis and Bonelli Erede Pappalardo have advised a consortium of private equity houses on their acquisition of a E1.1bn (£869m) stake in a telecoms company. The firms advised Apax, TA Associates and Madison Dearborn Partners on the deal, which saw the three houses come together to buy a 10% stake in holding company Weather Investments.

    1 minute read

  • June 12, 2008 |

    BLP hikes NQ pay to £65,000

    Berwin Leighton Paisner (BLP) has handed its newly qualified (NQ) solicitors a salary hike of around 5%, taking its rates close to magic circle levels. The above-inflation rise takes NQ pay at the top 20 UK firm to £65,000 - putting it on par with Allen & Overy, which this year froze NQ rates.

    1 minute read

  • June 12, 2008 |

    Nabarro, DLA set new pay standard for associates

    Nabarro and DLA Piper have both announced their associate salary rates for the year, with regional offices at both firms seeing the biggest boost. From September, newly-qualified (NQ) lawyers at Nabarro's City arm will earn £64,000 - an increase of around 2.5% from the current rate of £62,500. NQs in Sheffield will see an 8.5% increase from the same date - taking pay from £37,720 to £41,000.

    1 minute read

  • June 12, 2008 |

    Linklaters' Swedish arm shrinks further as office head departs

    Linklaters' former Stockholm head, Joergen Durban, is set to leave the firm in November, as it emerges that the magic circle firm's Swedish partnership has shrunk by more than a fifth since its original merger with Lagerloef & Leman in 2001. Durban, who has been with Linklaters and legacy firm Lagerloef for 23 years, headed the office until September last year when Peter Hoegstroem took up the reigns.

    1 minute read

  • June 12, 2008 |

    Ashurst and Latham get long-awaited licences for Abu Dhabi

    Ashurst and Latham & Watkins have received the go-ahead to open in Abu Dhabi after obtaining their licences to practise. Ashurst's office will be headed by energy, transport and infrastructure partner David Wadham, who will initially be the only partner.

    1 minute read

  • June 9, 2008 |

    Camerons faces A&O on £3bn Informa merger bid

    CMS Cameron McKenna has landed a lead advisory role opposite magic circle firm Allen & Overy (A&O) on the proposed merger between United Business Media (UBM) and business data provider Informa - with the deal set to create a media giant with a combined value of more than £3bn. Camerons is understood to be acting on behalf of Informa, with corporate partner Gary Green thought to be leading the team.

    1 minute read