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  • April 29, 2008 |

    Bullish Linklaters leads on pay but will others follow?

    It certainly wasn’t a forgone conclusion but Linklaters set the agenda for the City pay round today (30 April) when it confirmed that it was lifting…

    1 minute read

  • April 29, 2008 |

    A&O has best law firm website, finds poll

    Allen & Overy (A&O) is the law firm with the website most likely to win business, according to the findings of a new survey. The magic circle giant finished with the highest overall score in the Intendance Fast 50 annual survey ahead of Nabarro, Freeth Cartwright and Herbert Smith.

    1 minute read

  • April 29, 2008 |

    A&O in for HBOS on £4bn rights issue

    Allen & Overy (A&O) has landed a plum role advising HBOS on a £4bn rights issue. The bank announced the plans to raise the capital today (29 April) as UK lenders continue to wrestle with turbulent market conditions. The team from A&O is led by London-based corporate partner David Broadley alongside HBOS relationship partner Alistair Asher. They are being assisted by senior associates Ben Jacobs and Nick O'Donnell.

    1 minute read

  • April 28, 2008 |

    National trio picked for first Man United panel

    National trio Halliwells, Beachcroft and Pinsent Masons are among the firms to have scored spots on the new panel of legal advisers drawn up by Manchester United. The panel is the first of its kind at the football club, with the appointments taking effect from 1 May.

    1 minute read

  • April 24, 2008 |

    Firms to hold off on major pay hikes in wake of crunch

    Associates are in line for slim pay increases this year as top City firms try to avoid making the first move. Partners with City giants including Linklaters and Clifford Chance (CC) - normally early movers - told Legal Week they are not expecting to see significant increases this year, as they feel the impact of the credit crunch.

    1 minute read

  • April 24, 2008 |

    Shearman parts with German arm over pay

    Shearman & Sterling's Mannheim office has broken away from the US law firm after months of debate. The split will see the 30-lawyer office, which includes nine partners, reverting back to the name it operated under before its 2000 tie-up with Shearman - Schilling Zutt & Anschuetz.

    1 minute read

  • April 24, 2008 |

    Wary LBO lawyers wonder if banks can revive market

    Is that light at the end of the tunnel or just another false dawn? Leveraged finance teams certainly hope the latest attempts to unblock the leveraged finance market, as institutions such as Citi and Deutsche Bank put together deals to sell off their leveraged loans portfolio, will start to get things moving.But acquisition finance counsel, probably the City lawyers hardest hit by the prolonged turmoil in credit markets, are feeling too edgy to get hopeful just yet. After all, hopes of a revival emerged in October as debt was moved on two flagship deals - First Data and Alliance Boots N and credit spreads began to narrow. But it was not long before gloomy US economic news and a string of fresh bank writedowns took their toll, largely closing the market for £500m-plus mandates.

    1 minute read

  • April 24, 2008 |

    O'Shea takes top role at A&O New York following management re-jig

    Allen & Overy (A&O) has overhauled its management in the US, putting in place a new managing partner in New York. The firm has selected commercial real estate partner Kevin O'Shea (pictured) as the office's new managing partner, while Dan Cunningham will continue for another three years as New York senior partner.

    1 minute read

  • April 23, 2008 |

    BLP secures top role opposite A&O on E1bn property investment mandate

    Berwin Leighton Paisner (BLP) has secured a role advising fund management and property development group Letterstone on a €1bn (£808m) property investment venture with Starr International.Corporate partner Tim Simmonds headed the team advising the London-based fund manager on the deal.

    1 minute read

  • April 23, 2008 |

    Central and Eastern Europe: Centre of attention

    Law firms that invested in Central and Eastern Europe soon after the fall of the Iron Curtain are enjoying the region's enduring economic boom and seeking shelter from the London gloom. Dominic Carman speaks to partners across the region, from Vienna to Kiev

    1 minute read