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Pinsents Masons’ incurred a one-off property charge of £9m in 2010-11, cutting profit available for discretionary division between partners from £63.3m to £54.3m according to limited liability partnership(LLP) accounts recently filed with Compani...
10 Feb 2012 | 16:25
Orrick announces 2012 promotions, with two partners made up in the CityOrrick Herrington & Sutcliffe has announced its 2012 partner promotions with two made up in the City. The US firm has promoted 16 lawyers to the partnership effective 1 January 2012, doubling the eight it made up last year.
10 Feb 2012 | 15:14
Irwin Mitchell LLPs highlight ABS shake-up as Squire Sanders top earner makes £500k
Irwin Mitchell LLP paid £5.8m of its profits into Irwin Mitchell Holdings, the company it set up as part of plans to restructure as an Alternative Business Structure (ABS), according to limited liability (LLP) accounts recently filed with Companies H...
10 Feb 2012 | 15:05
Clifford Chance (CC) and White & Case have advised on Russian oil explorer RusPetro’s $250m (£159m) London listing in one of the first premium-level initial public offering (IPO) on the London Stock Exchange since July last year. The deal, which...
10 Feb 2012 | 00:00
Norton Rose has taken the lead role for HSBC on the THB17.5bn (£349m) sale of its Thai banking and wealth management business to Thailand’s Bank of Ayudhya (BAY). Hong Kong corporate partner Richard Crosby led a six-strong team working out of Ho...
10 Feb 2012 | 00:00
Freshfields Bruckhaus Deringer is gearing up for a relaunch in Singapore, almost five years after the firm shut down its former office in the region. The magic circle firm is planning to open the new arm this autumn, with the move expected to be di...
10 Feb 2012 | 00:00 | 1 comment
Allen & Overy (A&O) is abolishing its mandatory partner retirement age of 60 as a growing number of major City law firms move away from compulsory retirement dates for partners in the UK. The City giant’s move comes as research by Legal Week foun...
10 Feb 2012 | 00:00 | 1 comment
Allen & Overy (A&O) and Linklaters have won roles relating to German car part manufacturer Schaeffler’s new €8bn (£6.6bn) credit agreement. A&O is advising the company on the loan as well as a €2bn (£1.7bn) high-yield bond programme, which ...
10 Feb 2012 | 00:00
LawVest, the holding company part-owned by DLA Piper, is gearing up for a formal launch of its legal services operation later this month. The much-touted company, which was initially set up in May last year to take advantage of opportunities presen...
10 Feb 2012 | 00:00
Herbert Smith has set out details of its international expansion plans, with the City law firm hoping to open three offices in Germany in addition to a base in New York in the wake of its failed merger bid with former European alliance partners Gleiss...
10 Feb 2012 | 00:00
BT has pushed back a long-awaited review of its global legal panel in a move that extends the terms of existing panel firms by 12 months. Advisers had been gearing up for BT’s first review under general counsel Dan Fitz, who replaced former group...
10 Feb 2012 | 00:00
The McGrigors brand name is to disappear from the UK legal market when the Scots law firm formally ties up with national practice Pinsent Masons later this year. The two firms confirmed their merger earlier this week (6 February) following a vote b...
10 Feb 2012 | 00:00 | 2 comments
Eversheds has added three partners to its London pensions practice with the hire of two laterals from Squire Sanders and an of counsel from Freshfields Bruckhaus Deringer. The Squire Sanders partner duo, Emma King and Sarah Franklin, both join from...
10 Feb 2012 | 00:00
Weil Gotshal & Manges and KPMG have reached a groundbreaking agreement in the MF Global administration that will see money returned to clients without the need for a court order. Weil Gotshal is advising administrator KPMG on the high-profile insol...
10 Feb 2012 | 00:00
Herbert Smith has taken a lead role opposite potential merger partner Freehills on the A$375m (£254m) sale of Australian pharma company Ascent Pharmahealth to US company Watson Pharmaceuticals. Herbert Smith advised the majority seller, Indian pha...
10 Feb 2012 | 00:00
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