Emma Sadowski

September 16, 2008 | Corporate Counsel

More than 50 U.K. lawyers at Lehman Brothers are searching for work in the wake of the bank's shock bankruptcy filing. Specialist in-house recruiters are now working in and around the bank's London offices amid widespread expectations that Lehman's 5,000 U.K. staff will be made redundant. Recruiters working with Lehman lawyers said that there had been no formal notice of redundancy for the group's lawyers, but it is expected that a U.K. legal team estimated at between 50 and 60 lawyers will lose their jobs.

By Leigh Jackson and Emma Sadowski

4 minute read

June 01, 2009 | Corporate Counsel

Dell, ING, CMA, and LV= are all reviewing outside legal providers.

By Alex Aldridge, Jeremy Hodges, and Emma Sadowski

5 minute read

February 20, 2009 | The Recorder

Allen & Overy plans to reduce headcount by more than 400 jobs, plus freeze salaries.

By Emma Sadowski and Sofia Lind

4 minute read

February 06, 2009 | Corporate Counsel

A raft of London firms have won places on Societe Generale's global legal panel, in a review that has seen Freshfields Bruckhaus Deringer, White & Case and Orrick Herrington & Sutcliffe lose out. The bank has cut the number of global panel firms from nine to eight, with Paul Hastings Janofsky & Walker and Salans winning places on the roster. Allen & Overy, Clifford Chance, Gide Loyrette Nouel, Shearman & Sterling, Linklaters and Norton Rose were also reappointed.

By Emma Sadowski

2 minute read

November 25, 2008 | Corporate Counsel

A trio of London firms has seen a mega-mandate come to an end, after the collapse of the $66 billion hostile takeover of Rio Tinto by BHP Billiton. BHP pulled out of its bid to take over its rival mining company Tuesday, citing risks to shareholder value in the wake of the economic crisis. Slaughter and May, Linklaters and Allen & Overy had all taken headline roles on the multibillion-dollar bid, which was set to become the second-largest M&A deal of all time.

By Emma Sadowski

2 minute read

July 15, 2009 | Law.com

U.K. firm Lovells has bolstered its Italian capital markets practice with the addition of a two-partner team from Simmons & Simmons. Corrado Fiscale and Federico Del Monte, who both specialize in structured finance and securitization work, will join Lovells in Milan along with two associates and will co-head the firm's Italian capital markets practice. Fiscale and Del Monte spent five years as partners with Simmons, which they joined in 2004 from Magic Circle firm Clifford Chance.

By Emma Sadowski

2 minute read

September 19, 2008 | Corporate Counsel

Lloyds TSB confirmed on Thursday that there could be legal job losses as a result of its $22.1 billion takeover of stricken lender HBOS. The bank, which unveiled details of the union early Thursday, said it is expecting to make cost savings of around $1.8 billion a year through the merger by 2011. Head office operations including legal, HR, risk and finance departments are among those facing consolidation at the two U.K. banks, which are acknowledged to have substantial crossover between their operations.

By Emma Sadowski

3 minute read

September 24, 2008 | Corporate Counsel

Skadden Arps Slate Meagher & Flom has landed the top role advising Nomura on its $230 million acquisition of Lehman Brothers' European and Asian businesses. The firm is advising the Japanese bank from the firm's London and Hong Kong offices, with a team including Hong Kong corporate co-head Nick Norris, London restructuring partner Lynn Hiestand and London corporate partner John Adebiyi.

By Emma Sadowski and Jeremy Hodges

2 minute read