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  • January 31, 2007 |

    Macquarie-style US push could show lawyers the way

    Given the insecurity that has dogged projects teams at top London firms in recent years, evidence of a revival in the sector will be manna from heaven for hard-pressed partners. The year-end tables from Infrastructure Journal make clear the extent of that revival with the global value of projects in 2006 up 35% against 2005, and the number of deals rising from 323 to 437. Add in surging investment in renewable energy and it was the best year in projects since the 1990s.While much of the attention has focused on the wealth of projects work coming out of the Middle East and intense competition for infrastructure assets in Europe, it is interesting to see Allen & Overy (A&O) highlight the opportunities opening up in the US. This revolves around the drift towards European-style project finance structures. To the very casual observer, this appears odd given the maturity, size and sophistication of the US market. But for the private sector, the backbone of the US projects market has always been power. Backed by a highly-efficient system of federal funding and tax breaks, transport/infrastructure work has largely been financed, and built, through public money.

    1 minute read

  • January 31, 2007 | International Edition

    CC handed plum role by Candover for first Italian and Spanish acquisitions

    Clifford Chance (CC) has advised Candover on the private equity giant's first acquisitions in Italy and Spain.CC advised regular client Candover on its acquisition of luxury yacht manufacturer Ferretti in a deal thought to be worth more than €1.5bn (£987m). The deal, which closed last week, saw Candover acquire Ferretti from Permira and the company's chairman, Noberto Ferretti. The sellers were advised by Italian firm Grimaldi. Permira and Noberto Ferretti re-invested to take a 40% stake.

    1 minute read

  • January 31, 2007 |

    CC handed plum role by Candover for first Italian and Spanish acquisitions

    Clifford Chance (CC) has advised Candover on the private equity giant's first acquisitions in Italy and Spain.CC advised regular client Candover on its acquisition of luxury yacht manufacturer Ferretti in a deal thought to be worth more than €1.5bn (£987m). The deal, which closed last week, saw Candover acquire Ferretti from Permira and the company's chairman, Noberto Ferretti. The sellers were advised by Italian firm Grimaldi. Permira and Noberto Ferretti re-invested to take a 40% stake.

    1 minute read

  • January 30, 2007 |

    CC gets Govt backing for maternity rights push

    Clifford Chance (CC) is set to bring in a series of flexible working initiatives aimed at retaining female staff as the City giant moves to ramp up the proportion of women in its partnership.The magic circle firm today (30 January) announced a shake-up of its maternity policies as part of its application to a new Government-backed kitemark for employers showing a commitment to reducing the gender pay gap...

    1 minute read

  • January 29, 2007 |

    Public interest or private club?

    As we awaited the results of the Law Society’s absurdly long investigations into whether Allen & Overy (A&O) and Freshfields Bruckhaus Derigner…

    1 minute read

  • January 29, 2007 |

    Linklaters returns to Italy with A&O partner hire

    Linklaters has bolstered its fledgling Italian practice with the hire of Allen & Overy (A&O) finance specialist Davide Mencacci.Mencacci, who was a partner in A&O's Milan office, focuses on leveraged and real estate finance as well as global loans and restructuring. He had been a partner with the firm since 2005.

    1 minute read

  • January 26, 2007 | International Edition

    Freshfields facing finance exodus as three partners exit

    Three Freshfields Bruckhaus Deringer finance partners are to leave the firm, it has emerged today (26 January), with one joining magic circle rival Linklaters and two moving to Morrison & Foerster (MoFo).David Ereira - one of Freshfields' most senior finance partners - is expected to join Linklaters in April. His focus is primarily on acquisition finance and he is known to work closely with buy-out houses including Apax.

    1 minute read

  • January 26, 2007 |

    Freshfields facing finance exodus as three partners exit

    Three Freshfields Bruckhaus Deringer finance partners are to leave the firm, it has emerged today (26 January), with one joining magic circle rival Linklaters and two moving to Morrison & Foerster (MoFo).David Ereira - one of Freshfields' most senior finance partners - is expected to join Linklaters in April. His focus is primarily on acquisition finance and he is known to work closely with buy-out houses including Apax.

    1 minute read

  • January 26, 2007 |

    CC and A&O match New York pay-rises

    Allen & Overy and Clifford Chance have raised their US associate salaries as the Manhattan pay war gathers pace.

    1 minute read

  • January 25, 2007 |

    Less fudge leaves Freshfields finance team with smaller seat at the table

    To think it was only a few years ago that Freshfields Bruckhaus Deringer was doing all it could to promote its low-profile finance offering in the City.Million-pound…

    1 minute read