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  • March 7, 2008 |

    CC Russia bags Barclays' Expobank deal

    Clifford Chance (CC) has scooped the lead advisory role for Barclays on its £373m acquisition of Russian retail and commercial lender Expobank. Corporate partner Alex Erasmus lead a Moscow-based team for CC advising Barclays, a longstanding client of the magic circle firm.

    1 minute read

  • March 6, 2008 | International Edition

    A&O senior partner and Freshfields' Crisp secure senior positions after law

    Allen & Overy's (A&O's) outgoing senior partner, Guy Beringer, has taken up a non-executive role at investment house Fleming Family & Partners as he prepares to retire from the magic circle firm. Beringer took up the position of non-executive director at the firm earlier this year, becoming one of five non-executive board members, alongside former cabinet minister Lord Waldegrave and former Standard Chartered UK/Europe chief executive Gareth Bullock.

    1 minute read

  • March 6, 2008 |

    A&O senior partner and Freshfields' Crisp secure senior positions after law

    Allen & Overy's (A&O's) outgoing senior partner, Guy Beringer, has taken up a non-executive role at investment house Fleming Family & Partners as he prepares to retire from the magic circle firm. Beringer took up the position of non-executive director at the firm earlier this year, becoming one of five non-executive board members, alongside former cabinet minister Lord Waldegrave and former Standard Chartered UK/Europe chief executive Gareth Bullock.

    1 minute read

  • March 5, 2008 | International Edition

    Expansive Addleshaws deals with rising costs for pensions and staff

    Addleshaw Goddard had a total pensions deficit of £8.4m last year, with each legacy firm involved in its 2003 merger having sizeable shortfalls. Both legacy firms' schemes have significant deficits, with the Addleshaw Booth & Co scheme reporting a deficit of £5.7m, while the Theodore Goddard scheme had a deficit of £2.7m.

    1 minute read

  • March 5, 2008 |

    Expansive Addleshaws deals with rising costs for pensions and staff

    Addleshaw Goddard had a total pensions deficit of £8.4m last year, with each legacy firm involved in its 2003 merger having sizeable shortfalls. Both legacy firms' schemes have significant deficits, with the Addleshaw Booth & Co scheme reporting a deficit of £5.7m, while the Theodore Goddard scheme had a deficit of £2.7m.

    1 minute read

  • March 5, 2008 |

    Dealmaker: Michael McDonald

    Michael McDonald is one of the leading M&A partners in Cleary Gottlieb's City arm

    1 minute read

  • March 5, 2008 |

    Commercial and Chancery Bar: Centre point

    In an article entitled 'Starting from Scratch' on 29 March, 2007, Legal Week reported on the ambitious plans for the Dubai International Financial Centre (DIFC) and its Court. In the subsequent year the world's leading financial institutions have continued to pour into the centre and the list of law firms with a presence in the DIFC now include Akin Gump, Allen & Overy, Al Tamimi & Co, Ashurst, Clifford Chance, Conyers Dill & Pearman, Denton Wilde Sapte, Freshfields Bruckhaus Deringer, Linklaters, Lovells, Maples and Calder, Norton Rose, Reed Smith Richards Butler, Simmons & Simmons and Walkers. In addition, the UK law firms Kennedys and Clyde & Co, which are based in greater Dubai, have also been active in the DIFC Court. It is notable that in January the International Bar Association (IBA) established its Middle East office in the DIFC. The opening of the office was timed to correspond with the IBA's Arab regional forum's conference on Islamic finance in the Middle East. The DIFC has set its sights on becoming the world centre for Islamic finance and is itself an active investor. In June 2007, DIFC Investments listed a $1.25bn (£630m) sukuk on the Dubai International Financial Exchange, taking the total value of sukuk listed on the exchange to $10.43bn (£5.26bn) - the highest of any exchange worldwide. The DIFC has also been an active investor in international markets and acquired a 2.2% stake in Deutsche Bank, which, according to publicly-available market data, makes it the largest external strategic shareholder in the international investment bank.

    1 minute read

  • March 3, 2008 | International Edition

    Eversheds to splash £30m on City HQ revamp

    Eversheds is set to plough more than £30m into additions and improvements for its new London headquarters, it has emerged. Eversheds' limited liability partnership (LLP) accounts reveal that the national giant spent around £7.6m on general improvements and equipment across its offices in the 2006-07 tax year, with the firm expecting to invest a further £30m-40m this year in its new London headquarters near Bank.

    1 minute read

  • March 3, 2008 |

    Eversheds to splash £30m on City HQ revamp

    Eversheds is set to plough more than £30m into additions and improvements for its new London headquarters, it has emerged. Eversheds' limited liability partnership (LLP) accounts reveal that the national giant spent around £7.6m on general improvements and equipment across its offices in the 2006-07 tax year, with the firm expecting to invest a further £30m-40m this year in its new London headquarters near Bank.

    1 minute read

  • February 28, 2008 | International Edition

    A&O spends £108m on Bishops Square HQ

    Allen & Overy spent £108m fitting out its new Bishops Square headquarters after securing a sizable rent free period, it has emerged. Accounts recently filed with Companies House reveal that the magic circle firm spent £55.7m on office improvements over the 2006/7 financial year, in addition to £14.8m on furniture and fittings and more than £10m on computers. The LLP is also benefiting from a rent free period.

    1 minute read