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  • January 8, 2008 |

    A&O eyes multimillion-pound Courts fees windfall

    Allen & Overy (A&O) is set for a major fees windfall from its role advising on the administration of failed furniture retailer Courts after it emerged the firm and other advisers have billed a total of more than £18.5m since the company collapsed in November 2004. An administrator's progress report filed with Companies House late last year revealed that the failed company has paid out £18.5m to legal and professional advisers since it went bust. The sum has been pocketed for the most part by A&O, which is advising the administrator KPMG and investment bank NM Rothschild, which is acting as financial adviser.

    1 minute read

  • January 7, 2008 | International Edition

    One in, one out at Norton Rose in Asia

    Norton Rose has gained one partner in Asia and lost another, including hiring a new head of asset finance in Hong Kong. Energy partner Stephen Begley rejoins Norton Rose from City rival Lovells, where he was of counsel, and will lead the firm's Hong Kong asset finance group.

    1 minute read

  • January 7, 2008 |

    One in, one out at Norton Rose in Asia

    Norton Rose has gained one partner in Asia and lost another, including hiring a new head of asset finance in Hong Kong. Energy partner Stephen Begley rejoins Norton Rose from City rival Lovells, where he was of counsel, and will lead the firm's Hong Kong asset finance group.

    1 minute read

  • January 2, 2008 | International Edition

    City giants lead Emap's £1bn B2B sell-off

    Ashurst and Freshfields Bruckhaus Deringer are advising Guardian Media Group and private equity house Apax on their £1bn takeover of the business-to business arm of publishing giant Emap. The terms of the recommended cash offer, announced on 21 December, together with a £1bn special dividend payable to shareholders following the sale of Emap's consumer and radio divisions, effectively value the company at £2bn.

    1 minute read

  • January 2, 2008 |

    City giants lead Emap's £1bn B2B sell-off

    Ashurst and Freshfields Bruckhaus Deringer are advising Guardian Media Group and private equity house Apax on their £1bn takeover of the business-to business arm of publishing giant Emap. The terms of the recommended cash offer, announced on 21 December, together with a £1bn special dividend payable to shareholders following the sale of Emap's consumer and radio divisions, effectively value the company at £2bn.

    1 minute read

  • December 17, 2007 |

    Simpson, Skadden scoop $10bn Trane sale

    Elite New York firms Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom have bagged lead roles on the $10.1bn (£5.2bn) acquisition of air conditioning company Trane by US conglomerate Ingersoll-Rand. Simpson Thacher advised Ingersoll-Rand, a long-term client of the firm, while Skadden advised the target on a deal that was announced earlier today (17 December).

    1 minute read

  • December 16, 2007 |

    Black gold rush takes Norton Rose to Riyadh

    With one-fifth of the world's oil reserves under Saudi Arabia's desert sands, it might seem unnecessary to ask what exactly attracts international law…

    1 minute read

  • December 13, 2007 |

    Simmons urges veterans to take non-law roles

    Simmons & Simmons is set to formally encourage partners nearing retirement to take on roles outside of the law, as ageing partnerships continue to raise issues for major UK law firms.

    1 minute read

  • December 12, 2007 |

    Accenture names new panel firms

    Consultancy giant Accenture has put the finishing touches to its long-awaited panel line-up, with six firms thought to have won coveted mandates. It is understood that the company has retained four of its previous advisers - Allen & Overy, Field Fisher Waterhouse, Baker & McKenzie and its main corporate adviser, Clifford Chance.

    1 minute read

  • December 12, 2007 |

    Can A&O turn 'lucky year' into that elusive M&A breakthrough?

    Just like claims that India's legal market is about to liberalise, predictions that Allen & Overy's (A&O's) corporate practice was to take its place among Europe's M&A elite have been one of commercial law's most reliable false dawns.

    1 minute read