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Ben Wheway
Ben joined Legal Week from the Press Association in 2005 and has since held a number of roles including news editor, online managing editor, production editor and bassist in Legal Week's in-house covers band The Scoops.
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June 28, 2012
Sullivan leads for Barclays on $450m fine for interest rate manipulation
Sullivan & Cromwell has taken the lead role for Barclays on its $450m (£290m) settlement over charges that it attempted to manipulate interest rates and made false reports to benefit its derivatives trading positions, reports The Blog of Legal Times. The US Commodity Futures Trading Commission (CFTC) and the Department of Justice (DoJ) Criminal Division brought the charges against the bank, with $200m (£130m) of the penalty going to resolve the CFTC's civil case — the agency's biggest-ever fine — and $160m (£100m) to settle the DoJ fraud case.
By Ben Wheway
1 minute read
June 18, 2012
Dechert continues London recruitment with White & Case finance partner hire
Dechert has continued its recent London recruitment spree with the hire of real estate specialist Jeremy Trinder from White & Case. Trinder, who was made up to partner during White & Case's 2010 promotions round, will join Dechert's finance and real estate practice in the City.
By Ben Wheway
1 minute read
June 18, 2012
Dechert continues London recruitment with White & Case finance partner hire
Dechert has continued its recent London recruitment spree with the hire of real estate specialist Jeremy Trinder from White & Case. Trinder, who was made up to partner during White & Case's 2010 promotions round, will join Dechert's finance and real estate practice in the City.
By Ben Wheway
1 minute read
June 18, 2012
Eversheds posts 14% partner profits hike as revenues rise 3%
Eversheds has unveiled its 2011-12 financial results, with turnover rising 3% to £366m and profits per equity partner (PEP) up 14% to £632,000 The firm cited financial services dispute resolution and capital assets as headline practice areas, with revenues in each group up 16% and 20% respectively, while revenues in energy and natural resources rose by 19%.
By Ben Wheway
1 minute read
June 18, 2012
Eversheds posts 14% partner profits hike as revenues rise 3%
Eversheds has unveiled its 2011-12 financial results, with turnover rising 3% to £366m and profits per equity partner (PEP) up 14% to £632,000 The firm cited financial services dispute resolution and capital assets as headline practice areas, with revenues in each group up 16% and 20% respectively, while revenues in energy and natural resources rose by 19%.
By Ben Wheway
1 minute read
June 13, 2012
Ex-Dewey partner sues firm's former leadership for fraud and deceit
Former Dewey & LeBoeuf partner Henry Bunsow has accused the firm's leadership - including former chairman Steven Davis - of committing fraud by lying about the true state of the now-bankrupt firm's finances, reports The Am Law Daily. In a 14-page lawsuit filed in San Francisco Superior Court, patent litigator Bunsow claims that Davis and other former Dewey leaders engaged in a years-long pattern of deceit aimed at portraying the firm as stronger financially than it actually was in order to pursue a lateral hiring spree that the complaint likens to "running a Ponzi scheme."
By Ben Wheway
1 minute read
June 7, 2012
From the magic circle's sick man to a robust revival – CC's deal team shows renewed vitality
"Even CC's harshest critic would find it hard to dispute that, at a time when M&A activity remains in the doldrums, the firm has managed to secure an impressive run of roles on some of the most high-profile deals of the year..."
By Ben Wheway
1 minute read
June 7, 2012
CC leads on $1.5bn Chinese coal producer IPO
Clifford Chance (CC) and Chinese law firm Jingtian & Gongcheng are advising on a planned $1.5bn (£1bn) Hong Kong listing by one of China's largest coal producers. CC Beijing partners Tim Wang and Jean Yu are advising Inner Mongolia Yitai Coal on what is set to be one of the largest Hong Kong initial public offerings (IPOs) so far this year. Jingtian, meanwhile, is acting as the company's Chinese counsel.
By Ben Wheway
1 minute read
June 7, 2012
Ashurst Asia growth continues with launches set for Seoul and Beijing
Ashurst is gearing up to launch in Seoul as the firm's Asia expansion plans gather pace, with the firm also applying for a licence to practise in Beijing. Asia regional managing partner Geoffrey Green is currently putting together a four-lawyer team to staff a representative office in the Korean capital. The team will be led by one partner, with the firm aiming to attract Korean clients with a focus on outbound work into Australia and India.
By Ben Wheway
1 minute read
June 7, 2012
Sullivan, Freshfields and Slaughters advise on £1.7bn takeover of UK IT leader
Sullivan & Cromwell, Freshfields Bruckhaus Deringer and Slaughter and May have taken lead roles on the £1.7bn takeover of UK IT services company Logica by Canadian rival CGI. Sullivan took the lead role for the acquirers, fielding a team led by European M&A head Tim Emmerson and fellow corporate partner Ben Perry.
By Ben Wheway
1 minute read
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