Pui Guan Man

January 24, 2013 | International Edition

Jones Day and Withers have won leading roles on the 51% acquisition of British designer label Christopher Kane by French luxury goods group PPR. The transaction, for an undisclosed sum, sees PPR – the parent company of Gucci and Yves Saint Laurent – enter into a partnership with Kane (pictured) to grow the brand.

By Pui-Guan Man

2 minute read

January 24, 2013 | International Edition

Linklaters and Allen & Overy (A&O) have dominated Thomson Reuters' global legal rankings for bank roles on debt capital markets transactions in 2012, as the value of debt deals grew by 11.3% over the period. The data, cut off at 21 January, shows Linklaters toppling A&O from the global top spot after advising managers on 524 straight debt deals globally in the 2012 calendar year, generating proceeds of $394bn (£248bn).

By Pui-Guan Man

3 minute read

January 24, 2013 | International Edition

Allen & Overy (A&O) is set to make up to 43 back office redundancies across its New York and European offices, as the firm prepares to transfer support roles from its international network to its Belfast support services centre. The move affects support services staff in A&O's New York, Amsterdam, Antwerp, Brussels, Frankfurt, Luxembourg, Milan, Paris and Rome offices. It will not affect fee-earning roles.

By Pui-Guan Man

3 minute read

January 24, 2013 | International Edition

Magic circle duo Freshfields Bruckhaus Deringer and Slaughter and May have posted marginal drops in trainee retention rates for their spring intakes, posting figures of 85% and 86% respectively.

By Pui-Guan Man

3 minute read

January 23, 2013 | International Edition

The Supreme Court has ruled against extending legal professional privilege (LPP) to accountants, in a closely watched case relating to tax advice. By a majority of five to two, the court confirmed that LPP can only apply to advice provided by solicitors, barristers and foreign lawyers, including in-house lawyers...

By Pui-Guan Man

6 minute read

January 22, 2013 | International Edition

Allen & Overy (A&O) has become the latest to confirm its spring trainee retention rates, with the magic circle firm seeing the number staying on dip to 70%. The firm offered 38 of its 53 newly-qualified (NQ) lawyers a role, with 37 of these accepting.

By Pui-Guan Man

2 minute read

January 21, 2013 | International Edition

Partners at CMS Cameron McKenna contributed £7.7m of capital to the firm's business in the 2011-12 financial year, as accounts filed with Companies House show the firm's highest earner pocketed £1.15m.

By Pui-Guan Man

3 minute read

January 18, 2013 | International Edition

Taylor Wessing has hired a senior partner from UK rival Osborne Clarke (OC) to head its UK technology, media and telecommunications (TMT) group.

By Pui-Guan Man

2 minute read

January 17, 2013 | International Edition

Skadden Arps Slate Meagher & Flom and Clifford Chance (CC) are among a line-up of firms advising on asset manager BlackRock's acquisition of Credit Suisse's exchange traded funds (ETF) business. The terms of the deal are undisclosed, but the transaction is reportedly worth between $200m (£124m) and $300m (£186m). The ETF business has around CHF16bn (£10.8bn) of client assets under management.

By Pui-Guan Man

2 minute read

January 17, 2013 | International Edition

The Law Society has called on law firms to introduce targets to boost the number of female lawyers in senior roles, in a wide-ranging report canvassing almost 1,200 lawyers around the world. The recommendation is one of a number of proposals put forward in the report by the representative body, which last week presented the survey's findings at a women in law summit held at its City base.

By Pui-Guan Man

3 minute read