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  • April 18, 2007 |

    Commentary: A&O's LBO team finds bank balance strangely hard to find

    Where does Allen & Overy's (A&O's) notoriously bank-led leveraged finance practice stand? After all, the criticism articulated of the firm's sponsor-light practice when Kohlberg Kravis Roberts relationship partner Tony Keal quit for Simpson Thacher & Bartlett was damaging back in 2005. Two years down the line, with the negotiating power of private equity borrowers growing seemingly by the week, the question of how A&O's most influential team has adapted to the market is all the more pertinent.

    1 minute read

  • April 16, 2007 | International Edition

    Linklaters leads as RBS closes in on ABN

    Linklaters is acting for longstanding client RBS on the bank's approach for Dutch rival ABN Amro. The magic circle firm - the bank's main corporate counsel for a number of years - is understood to be fielding a team that includes Dutch corporate partner Peter Goes. The firm's main relationship partner for RBS in London is restructuring head Robert Elliott, while corporate partners Matthew Middleditch and Anne Drummond also handle work for the client.

    1 minute read

  • April 16, 2007 |

    Linklaters leads as RBS closes in on ABN

    Linklaters is acting for longstanding client RBS on the bank's approach for Dutch rival ABN Amro. The magic circle firm - the bank's main corporate counsel for a number of years - is understood to be fielding a team that includes Dutch corporate partner Peter Goes. The firm's main relationship partner for RBS in London is restructuring head Robert Elliott, while corporate partners Matthew Middleditch and Anne Drummond also handle work for the client.

    1 minute read

  • April 16, 2007 |

    A&O raids Latham for Moscow boost

    Allen & Overy (A&O) has strengthened its Moscow offering with the hire of Latham & Watkins capital markets partner Varun Gupta, it was announced today (16 April). Gupta, who had been with Latham since 2003 after joining from New York firm Cravath Swaine & Moore, focuses on initial public offerings and debt transactions.

    1 minute read

  • April 13, 2007 |

    Pay war looms as City giants raise salary stakes

    City firms are on the verge of a pay war with the news that Allen & Overy (A&O) is set to raise its associate salaries for the second time in recent months, as magic circle rivals prepare to announce new payment packages for junior lawyers. An increase in City associate salaries had been expected since last October, when A&O announced a 15% hike in pay for London associates. However, news that the firm is set to raise rates again will put pressure on magic circle rivals to review their own proposed increases.

    1 minute read

  • April 12, 2007 |

    CC fires payrise starting gun with 15% NQ hike

    Clifford Chance (CC) is to increase its associate and trainee salaries by up to 15%, with newly-qualified lawyers taking home an extra £7,500 from 1 May. The magic circle firm announced today (12 April) that newly-qualified solicitors' salaries will rise from £55,000 to £63,500. One-year post-qualification experience (PQE) associates will see their salary go up from £60,000 to £66,000; two-year PQE lawyers go from £70,000 to £79,000; and three-year PQE salaries will climb from £81,000 to £89,000.

    1 minute read

  • April 12, 2007 | International Edition

    US duo land latest Nestle-Novartis deal

    Mayer Brown Rowe & Maw and Cravath Swaine & Moore have landed lead roles on the $5.5bn (£2.8bn) acquisition of Novartis' baby food brand by foodstuffs giant Nestle - the second major deal between the two companies in recent months.Mayer Brown is advising regular client Nestle as it agreed to acquire the Gerber baby food brand from Swiss drug maker Novartis - a deal announced earlier today (12 April). Corporate partner David Carpenter is leading the Mayer Brown team from the firm's Chicago hub.

    1 minute read

  • April 12, 2007 |

    US duo land latest Nestle-Novartis deal

    Mayer Brown Rowe & Maw and Cravath Swaine & Moore have landed lead roles on the $5.5bn (£2.8bn) acquisition of Novartis' baby food brand by foodstuffs giant Nestle - the second major deal between the two companies in recent months.Mayer Brown is advising regular client Nestle as it agreed to acquire the Gerber baby food brand from Swiss drug maker Novartis - a deal announced earlier today (12 April). Corporate partner David Carpenter is leading the Mayer Brown team from the firm's Chicago hub.

    1 minute read

  • April 11, 2007 |

    CC joins Nauta on latest Dutch mega-deal

    Clifford Chance (CC), Benelux leader NautaDutilh and French M&A boutique Darrois Villey Maillot Brochier have bagged roles on the Netherlands' latest multibillion-euro M&A deal - the €11.2bn (£7.6bn) merger between Unibail and Dutch investment company Rodamco. Nauta teamed up with Darrois to advise French property investment giant Unibai, while magic circle giant CC is advising Rodamco.

    1 minute read

  • April 5, 2007 | International Edition

    CC promotes 38, including lucky 13 in London

    Clifford Chance (CC) has elected 38 new lawyers to the partnership, just 13 of whom are in London, it was announced today (5 April). The result - up one from last year's figure of 37 - sees 12 new partners made up in the magic circle firm's corporate department, including six in CC's City hub.

    1 minute read