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  • May 29, 2008 |

    Former Lehman MD joins A&O in New York

    Allen & Overy (A&O) has bolstered its US real estate practice with the hire of a former managing director at Lehman Brothers. David Broderick will join the New York arm of the magic circle giant as a partner on 2 June. He joined Lehman in 1998 and spent 10 years with the bank, most recently serving as managing director of the bank's global real estate team, where he served as senior counsel as well as legal adviser for Lehman's real estate private equity funds and real estate mezzanine debt fund.

    1 minute read

  • May 29, 2008 |

    A&O makes Romania bow with local tie-up

    Allen & Overy (A&O) has launched an outpost in Romania after signing an agreement with local firm Radu Taracila Padurari Retevoescu (RTPR). The association, which takes effect from 1 July, sees the magic circle firm expand its Central and Eastern European (CEE) presence to Bucharest.

    1 minute read

  • May 29, 2008 |

    UBS tasks in-house trio with GC cover

    UBS has appointed a trio of in-house staff to fill Peter Kurer's general counsel role while the bank looks for a replacement for Kurer, who was named chairman last month. Global head of compliance Neil Stocks, group legal head and general counsel for the corporate centre Bernard Schmid and David Aufhauser, global general counsel for investment banking and general counsel of UBS Americas, will act as co-general counsels until the bank chooses a replacement.

    1 minute read

  • May 28, 2008 |

    Norton Rose strikes a deal for HSBC on $1.86bn Saudi project

    Norton Rose has landed a lead role advising HSBC on the refinancing of a $1.86bn (£946m) project in Saudi Arabia. Norton Rose Bahrain chief Dominic Harvey took the primary role for HSBC, with Dubai banking partner Karl Rogers and newly-promoted construction partner Martin Preston also advising.

    1 minute read

  • May 28, 2008 |

    Dealmaker: Richard Browne

    Allen & Overy rising star Richard Browne on the tyranny of hourly billing and the M&A cycle

    1 minute read

  • May 28, 2008 |

    In-house Lawyer: The power of one

    Step into Trevor Faure's corner office at Tyco International's London base and read the writing on the wall. Quite literally. Half of the wall space in Faure's office and the adjoining conference room is covered with floor-to-ceiling whiteboards. He has plenty of space, therefore, to outline the makeup of Tyco International's 40-strong legal team in Europe or brainstorm the latest management theory to catch his attention (currently, neurolinguistic psychology). But if Faure, Tyco's general counsel for Europe, the Middle East and Africa, were to use his whiteboards to diagram his company's outside counsel relationships, it would be a fairly simple picture. At the beginning of 2007, Faure radically overhauled Tyco's legal function and handed Eversheds the vast majority of the company's external work in Europe. Now, after 18 months and another review, Faure has not only renewed the Eversheds contract but fine-tuned it, building in a new range of targets and incentives aimed at bringing the law firm into tighter alignment with its client's goals. It is not surprising, perhaps, that a lawyer who is interested in theories for better engineering human behaviour would have little patience for the established, cosy law firm/client relationships that have long characterised Europe's legal market.

    1 minute read

  • May 28, 2008 | International Edition

    A&O, Wragges rate highly in workplace survey

    Allen & Overy (A&O) and Wragge & Co have been named as the best two workplaces in the legal sector in a new survey. The pair are the only two law firms to feature in the annual rankings of the UK's best workplaces, released today by the Great Place to Work Institute.

    1 minute read

  • May 28, 2008 |

    A&O, Wragges rate highly in workplace survey

    Allen & Overy (A&O) and Wragge & Co have been named as the best two workplaces in the legal sector in a new survey. The pair are the only two law firms to feature in the annual rankings of the UK's best workplaces, released today by the Great Place to Work Institute.

    1 minute read

  • May 23, 2008 |

    Carlsberg rights issue continues A&O hot streak

    Allen & Overy (A&O) has bagged its latest lead role on a major European rights issue, acting for a clutch of banks on the DKK30.5bn (£3.2bn) issue by drinks giant Carlsberg. A&O advised BNP Paribas, Danske Markets, Lehman Brothers and Nordea Bank Denmark as underwriters on the rights issue, which launched last week.

    1 minute read

  • May 22, 2008 |

    Lloyds renews panel as group head steps down

    A raft of City firms have won spots on Lloyds TSB's legal panel after the bank completed a major review of its advisers. Firms including Allen & Overy, Linklaters, CMS Cameron McKenna, Norton Rose, Lovells, Denton Wilde Sapte and Eversheds have all been reappointed to the panel, with each firm's place secure for two years.

    1 minute read