Filter This View

  • October 15, 2007 |

    A&O accepts second role on Northern Rock saga

    Allen & Overy (A&O) has taken on a second role in the Northern Rock saga - advising Sir Richard Branson's Virgin Group on its proposed bid to take over the beleaguered lender. The magic circle firm, a longstanding panel adviser to Virgin, was recently appointed to advise on the approach by the consortium, which is led by Branson and includes insurance company AIG Financial Products and hedge fund group Toscafund.

    1 minute read

  • October 12, 2007 |

    Sidley next to gain from Northern Rock's hard place

    Sidley Austin has joined a clutch of major firms to have landed roles on the high-profile Northern Rock saga, with the US giant advising on the beleaguered lender's securitisation portfolios. City-based London securitisation partner Robert Torch is leading the team for Sidley, which has advised Northern Rock on the majority of its major securitisations, including the £20bn Granite Master Trust in 2005.

    1 minute read

  • October 10, 2007 |

    Eversheds loses out on McDonald's tender to Beachcroft

    Beachcroft has edged aside Eversheds to scoop McDonald's as a high-profile new client for its employment practice following a competitive tender process earlier this year.

    1 minute read

  • October 10, 2007 |

    US legal chiefs blast (and laud) some of the world's top firms

    A raft of top international firms have been held up by a corporate counsel as practices to be actively avoided by clients, according to new research by a US consultancy.

    1 minute read

  • October 10, 2007 |

    Where Angel didn't fear to tread

    For a generation, Skadden Arps Slate Meagher & Flom stood alone globally among law firms in combining mammoth size with regal wealth. Well, move over, Joe Flom. With revenue of £1.121bn and profits per equity partner of £1.294m, Linklaters has surpassed Skadden on both measures. As managing partner Tony Angel's nine-year tenure draws to a close, Linklaters is both big and rich.

    1 minute read

  • October 10, 2007 |

    A&O latest called in for Northern Rock saga

    Allen & Overy (A&O) is acting as Northern Rock's banking counsel, it has emerged, and advised on the embattled lender's latest agreement with the Bank of England yesterday (9 October). The firm is acting alongside magic circle rival Freshfields Bruckhaus Deringer, which is advising on corporate issues. Yesterday the Treasury announced that a guarantee to protect existing deposits will be extended to new deposits made after 19 September.

    1 minute read

  • October 10, 2007 |

    Deal Week Dispatch: 10/10/2007

    Deal Week Dispatch brings readers an early taster of news from Legal Week's unparalleled deals coverage, with Pinsents, Freshfields and Clifford Chance among the movers and shakers

    1 minute read

  • October 9, 2007 |

    GE unveils new European corporate advisers

    General Electric (GE) has named five firms on its first-ever European M&A panel, handing out lucrative mandates to Freshfields Bruckhaus Deringer, Weil Gotshal & Manges, Slaughter & May, Allen & Overy and Ashurst. The quintet, which have all advised GE in the past, will look after its major transactional work in Europe after winning out in the latest plank of a sweeping review of the US company external legal advisers.

    1 minute read

  • October 5, 2007 |

    Freshfields defends position over Northern Rock mandate

    Freshfields Bruckhaus Deringer has insisted that it went through all "appropriate measures" in advising Northern Rock on its current funding crisis despite its long-term relationship with the Bank of England. The law firm is currently advising regular client Northern Rock, which last month secured emergency funding from the Bank of England after panic withdrawals by savers threatened its future in the wake of the summer's credit squeeze.

    1 minute read

  • October 4, 2007 |

    Herbies wins mega private equity role on Northern Rock bid

    Herbert Smith has secured one of its highest-profile roles to date - advising private equity group JC Flowers on its potential approach for beleaguered bank Northern Rock. The firm, which is not a traditional adviser to JC Flowers, is fielding a team including corporate partner Anthony Macaulay and securitisation partner Dina Albagli.

    1 minute read