Friederike Heine

July 12, 2012 | International Edition

"Law firms are having a field day on Libor," comments a London litigation head at a US law firm, summing up the private mood in the week following Barclays' admission to manipulating global interest rates. Even for banking advisers grown used to continually expanding levels of contentious and regulatory work from institutional clients, the furore in the wake of the bank's announcement that it had agreed a $450m (£290m) settlement looks to kick things up to a whole new level, legally speaking

By Friederike Heine

6 minute read

July 12, 2012 | International Edition

The Serious Fraud Office (SFO) has revamped its management team, bringing in Alun Milford - currently head of organised crime at the Crown Prosecution Service (CPS) - as its new general counsel.

By Friederike Heine

3 minute read

July 11, 2012 | International Edition

Norton Rose has secured a high-profile mandate to advise former Barclays chief executive Bob Diamond in relation to the Libor rate-fixing scandal. The City firm is fielding a team of banking disputes and anti-corruption specialists for Diamond, with litigation partner Dorian Drew leading the London-based team.

By Friederike Heine

2 minute read

July 10, 2012 | International Edition

Linklaters' New York corporate team has picked up a lead role for WellPoint on its $4.5bn (£2.9bn) acquisition of healthcare rival Amerigroup. The magic circle firm fielded a US team led by corporate partner Dan Dufner for WellPoint - the second-largest health insurer in the US. He worked alongside US head of employment Bindu Culas, competition partner Jeff Schmidt, co-head of US banking Jeff Norton and tax partner Gordon Warnke.

By Friederike Heine

2 minute read

July 10, 2012 | International Edition

Nabarro has reversed a three-year trend of falling profitability, with the firm confirming a 4.4% rise in profits per equity partner (PEP) in the wake of a restructuring which saw it cut 17 partners from the equity during the last financial year. The firm's PEP figure, which fell from £610,000 in 2007-08 to £318,000 in 2010-11, has crept back up to £332,000 this year following a performance review of the firm's equity partnership which resulted in 17 partners leaving the equity, some of who have subsequently left the firm.

By Friederike Heine

2 minute read

July 09, 2012 | International Edition

National Grid general counsel and company secretary Helen Mahy has announced that she will leave the company at the beginning of 2013 after 11 years with the FTSE 100 energy giant. Mahy, who joined the company through Lattice's 2002 merger with National Grid and took over as global general counsel in 2003, is now set to pursue interests outside of the law.

By Friederike Heine

2 minute read

July 09, 2012 | International Edition

Shoosmiths has posted a 20.5% drop in profits per equity partner (PEP) for 2011-12, with total revenues for the year coming in at just under £84m. The firm, which recently completed a Scottish merger with Edinburgh firm Archibald Campbell & Harley, saw turnover fall 3.4% from the 2010-11 figure of £86.9m.

By Friederike Heine

2 minute read

July 09, 2012 | International Edition

Fried Frank Harris Shriver & Jacobson's London real estate chief is set to leave the firm to join the City office of King & Spalding following the US firm's decision to retrench from UK real estate work. Heilpern - who has been at Fried Frank since early 2006 after joining from rival US firm Paul Hastings Janofsky & Walker - has been given a remit to boost King & Spalding's European real estate practice. He joins alongside senior associate Leo Wilson from Fried Frank.

By Friederike Heine

2 minute read

July 08, 2012 | International Edition

Clifford Chance (CC) is advising both Barclays and the Royal Bank of Scotland (RBS) on the fallout from the Libor scandal, with a Chinese wall set up to avoid potential conflicts. The magic circle firm has been instructed as UK counsel to Barclays alongside US firm Sullivan & Cromwell, which recently advised the bank on its multimillion-dollar settlement with US regulators for interest rate manipulation and false accounting charges.

By Friederike Heine

3 minute read

July 05, 2012 | International Edition

Skadden Arps Slate Meagher & Flom has secured the lead role for News Corporation in the US on its plans to split the $60bn (£48bn) media business into two publicly traded companies.

By Friederike Heine

2 minute read