Friederike Heine
June 07, 2011 | International Edition
Shearman London office keeps on all bar one of September qualifiersShearman & Sterling has become the first firm in the City to announce its September retention rates, with the US firm set to retain 11 of its 12 of its qualifying trainees. Shearman has offered 11 positions to its September qualifiers, equating to a retention rate of 92%. All trainees who were offered a job accepted the offer.
By Friederike Heine
2 minute read
June 06, 2011 | International Edition
Field Fisher signs up to £18.5m facilities outsourcing dealField Fisher Waterhouse has signed an £18.5m deal to outsource its European facilities department to Rollright Facilities. The five-year contract, which was agreed last month and will take effect as of today (6 June), will see facilities management company Rollright manage the top 30 UK firm's 20-person facilities team in London, as well as giving the firm access to Rollright's staff across Europe.
By Friederike Heine
2 minute read
June 06, 2011 | International Edition
Ashurst signs up Fried Frank finance partner for NY baseAshurst has added a partner to its US operations with the hire of Fried Frank finance specialist Damian Ridealgh. The hire of Ridealgh, who is joining Ashurst in New York, will take the number of partners in the office to nine.
By Friederike Heine
2 minute read
June 06, 2011 | International Edition
Bakers and Addleshaws advise on merger of Jones Lang and King SturgeBaker & McKenzie and Addleshaw Goddard have taken lead roles on the £197m merger between global real estate firm Jones Lang LaSalle and property consultancy King Sturge. Bakers was instructed by longstanding client Jones Lang LaSalle on the deal, which will create the largest property consulting group in the UK and continental Europe.
By Friederike Heine
2 minute read
June 03, 2011 | International Edition
Hogan Lovells recovers Grierson money and reports matter to policeHogan Lovells has reported former litigation partner Christopher Grierson to the City of London Police for allegedly defrauding the firm of £1m in false expenses claims, it has been confirmed. The firm notified the police of the alleged fraud within the last 48 hours. Grierson, who is best known for working on the high-profile BCCI litigation, has repaid the full amount to the firm over the last two days.
By Friederike Heine
3 minute read
June 03, 2011 | International Edition
Freshfields, Norton Rose, Ashurst advise on Betfred's Tote purchaseFreshfields Bruckhaus Deringer, Norton Rose and Ashurst have taken lead roles on UK-based bookmaker Betfred's winning bid for state-owned betting company Tote Sport in a deal worth £265m. Freshfields advised the winning bidder Betfred, the UK's fourth largest bookmaker by outlets. The betting group will make an initial payment for Tote of £150m, with £115m in deferred payments. London corporate partner Barry O'Brien led the team on the bid.
By Friederike Heine
2 minute read
June 01, 2011 | International Edition
Jones Day adds three partners to London base with Ashurst team hireJones Day has added three partners to its City arm with the hire of a US securities team from Ashurst. The trio comprises US-qualified partners Daniel Bushner, Eric Stuart and Marie Elena Angulo. Bushner and Angulo started at the US law firm at the beginning of last week (23 May), with Stuart set to remain at Ashurst until the end of June to conclude several client matters.
By Friederike Heine
2 minute read
June 01, 2011 | International Edition
Sullivan, Shearman and Hogan lead on £1bn Jaguar high-yield bondSullivan & Cromwell, Shearman & Sterling and Hogan Lovells have lined up on Jaguar Land Rover's (JLR) first high-yield bond offering since it was taken over by Tata Motors in 2008, in a deal valued at £1bn. The company – which appointed Hogan Lovells and Shearman as joint counsel on UK and US aspects respectively – will use the proceeds of the bond sale to refinance debt and to help develop new vehicles and technologies.
By Friederike Heine
2 minute read
June 01, 2011 | International Edition
White & Case chair Verrier set for clear run for second term at helmWhite & Case's partners have been notified that current firmwide chair Hugh Verrier is set to run uncontested for another term in the role once his four-year stint elapses in March 2012. The US law firm's partnership was notified by email last month that no-one will stand against Verrier, despite speculation that New York-based banking chief Eric Berg and London project finance partner Philip Stopford would contest the role.
By Friederike Heine
2 minute read
June 01, 2011 | International Edition
US law firms score high marks for London vacation schemesThree US firms have been rated among the best vacation scheme providers in the UK market, with Legal Week research also seeing Allen & Overy (A&O) identified by students as the most prestigious global law firm for the second year running. The Legal Week Intelligence 2011 Law Student Report saw Latham & Watkins and Baker & McKenzie take the top two spots for UK vacation schemes, with Cleary Gottlieb Steen & Hamilton coming in fourth place behind Ashurst.
By Friederike Heine
3 minute read
