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  • 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

  • June 6, 2008 |

    CC litigator seals Siemens in-house move

    Telecoms giant Siemens has appointed Clifford Chance (CC) partner Anke Sessler as its new chief counsel of litigation. Sessler will take up her new post on 1 September after spending 10 years as a litigation and dispute resolution partner at CC's Frankfurt office.

    1 minute read

  • June 5, 2008 | International Edition

    Euro delivers seven-figure boost to firm profits but drawings squeezed

    Leading City firms have seen multimillion-pound revenue boosts in their latest financial year thanks to the soaring rise in value of the euro against the pound. Some of the City's biggest players, including Freshfields Bruckhaus Deringer, confirmed that the rising value of the euro had gifted them seven-figure uplifts from their Continental offices.

    1 minute read

  • June 5, 2008 |

    Euro delivers seven-figure boost to firm profits but drawings squeezed

    Leading City firms have seen multimillion-pound revenue boosts in their latest financial year thanks to the soaring rise in value of the euro against the pound. Some of the City's biggest players, including Freshfields Bruckhaus Deringer, confirmed that the rising value of the euro had gifted them seven-figure uplifts from their Continental offices.

    1 minute read

  • June 5, 2008 |

    Ashurst secures senior CC telecoms hire

    Ashurst has expanded its communications practice in the City with a senior hire from Clifford Chance (CC). Dhana Doobay is set to leave CC - where she was director of the international telecommunications projects - and join Ashurst as a partner by mid-August.

    1 minute read