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  • 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 8, 2008 |

    Complacent law firms get a helping Hand

    ‘Law firms to sell shares’. It is the kind of headline we are currently seeing a lot of as the ‘legal Big Bang’ gets ever closer.In…

    1 minute read

  • June 5, 2008 |

    Linklaters stands firm in face of criticism over CEE office pullout

    In the end it may not have been a surprise, but Linklaters' decision to split with four offices across Central and Eastern Europe (CEE) has certainly sparked a debate among senior lawyers in the region. The decision to pull out of Budapest, Bucharest, Bratislava and Prague, which will leave the magic circle law firm with bases in just Moscow and Warsaw, has been met with surprise from rivals.

    1 minute read

  • June 4, 2008 |

    City trio fuel cross-border sale of Pearl energy to Abu Dhabi investment vehicle

    Simmons & Simmons, Allen & Overy (A&O) and Lovells have landed roles on the $833m (£421m) sale of Singapore energy company Pearl Energy to Abu Dhabi Government-owned investment vehicle Mubadala Development Company. Simmons advised regular client Aabar Energy, the Abu Dhabi-based upstream oil and gas company that sold Pearl to Mubadala. The firm fielded a team headed by Abu Dhabi corporate and projects partner George Booth.

    1 minute read

  • June 4, 2008 |

    Technology, media and telecoms: Under the influence

    Among the various disputed origins for the word lobbying, the 18th President of the United States Ulysees S Grant claims the most noteworthy. He apparently coined the term at Washington DC's Willard Hotel, using it to describe the machinations of political hustlers who frequented the hotel's lobby, where Grant habitually enjoyed a cigar and brandy, to gain an audience with the him. Big money is now commonplace in day-to-day lobbying in Washington DC, and few are more successful than those major law firms that have a substantial presence within the shadow of Capitol Hill. As the 50 highest-grossing lobbying practices in the US were recently reported to have passed $1bn (£505m) in annual revenues for 2007 - a new landmark - the specialist lobby shops in the top 50 were notably outpaced by Washington DC law firms. Akin Gump Strauss Hauer & Feld ranked number one on the list with $89.8m (£45.3m) in lobbying income, just ahead of Patton Boggs with $89.3m (£45.1m).

    1 minute read

  • June 2, 2008 | International Edition

    Cleary joins Links on Bradford & Bingley deal

    Cleary Gottlieb Steen & Hamilton has taken a lead role opposite City giant Linklaters as struggling UK lender Bradford & Bingley (B&B) sells a stake to US buy-out giant TPG. The pair is advising the private equity group, formerly Texas Pacific Group, which today announced it was taking a 23% stake in B&B after the lender was hit by losses relating to its mortgage exposure.

    1 minute read

  • June 2, 2008 |

    Cleary joins Links on Bradford & Bingley deal

    Cleary Gottlieb Steen & Hamilton has taken a lead role opposite City giant Linklaters as struggling UK lender Bradford & Bingley (B&B) sells a stake to US buy-out giant TPG. The pair is advising the private equity group, formerly Texas Pacific Group, which today announced it was taking a 23% stake in B&B after the lender was hit by losses relating to its mortgage exposure.

    1 minute read

  • June 1, 2008 |

    Global 100: restructured Freshfields smashes into PEP elite

    Last year it was Linklaters that proved you could be big and global and among the most profitable firms in the world. This year it looks like Freshfields’…

    1 minute read

  • June 1, 2008 |

    Only Links boosts FTSE 100 clients in Q2

    Linklaters was the only City firm to increase its FTSE 100 client tally over the last quarter, according to the latest quarterly rankings from Hemscott. The firm gained two FTSE 100 clients over the quarter running from 6 Feb to 9 May, taking its tally to 21 with a market cap of £588bn. The firm's position was bolstered through the listing of Kazakhstan mining company Kazakhmys and Tate & Lyle and Alliance Trust, which entered the FTSE 100 over the quarter.

    1 minute read

  • May 29, 2008 |

    Global 100 countdown: CC outstrips Skadden by half a billion

    Clifford Chance (CC), the world’s largest law firm barring a market-shattering performance from Linklaters, announced its revenues for the last financial…

    1 minute read