July 05, 2012 | International Edition
Simmons and Hogan Lovells advise on £1.24bn sale of Veolia UK water businessSimmons & Simmons and Hogan Lovells have taken the lead roles on utility giant Veolia's sale of three of its UK water businesses in a deal worth £1.24bn.
By Pui-Guan Man
2 minute read
July 05, 2012 | International Edition
CC corporate revival continues as firm secures top M&A rankingsClifford Chance (CC) has overcome the continued slowdown in the M&A markets to dominate Mergermarket's global, European and UK rankings by value for the first half of 2012.
By Pui-Guan Man
4 minute read
July 05, 2012 | International Edition
India business leaders and top lawyers back legal market liberalisationAn overwhelming majority of India's top legal professionals and business leaders have come out in support of the liberalisation of the country's legal market, according to new research. A recent survey run by YouGov and Allen & Overy (A&O) – which polled more than 300 senior Indian business figures, including 100 top executives and 100 GCs from the country's largest companies - showed 96% of respondents believe the Indian legal market should be liberalised.
By Pui-Guan Man
3 minute read
July 04, 2012 | International Edition
Simmons posts double-digit PEP hike as turnover grows 3.6%Simmons & Simmons has reported increases in both turnover and profits per equity partner (PEP) for the 2011-12 financial year. The firm saw total revenue rise by 3.6% to £251.7m from £243m, alongside a PEP figure of £528,000, up 15% from £460,000 the previous year. The firm has also reported a net profit figure of £66.1m.
By Pui-Guan Man
2 minute read
July 03, 2012 | International Edition
CC sees headline financials rise 7% as revenues reach £1.3bnClifford Chance (CC) has posted 7% increases in both revenue and profits per equity partner (PEP) for the 2011-12 financial year. The magic circle firm announced today (3 July) that revenues climbed from £1.219bn to £1.303bn during the year, with PEP also rising by 7% from £1.005m to reach £1.078m. Total profits climbed 13% on 2010-11 to £431m.
By Pui-Guan Man
3 minute read
July 03, 2012 | International Edition
Simmons recruits Linklaters duo for London capital markets practiceSimmons & Simmons has added two partners to its London capital markets team with a double hire from Linklaters. The firm has recruited partner Alan Davies and managing associate Piers Summerfield from the magic circle firm, with both joining as partners, taking partner count in the capital markets team to 10.
By Pui-Guan Man
2 minute read
July 03, 2012 | International Edition
SJB recruits partners in Frankfurt and MadridSJ Berwin has announced two lateral partner hires for its continental European offices, one of which marks the launch of its new Frankfurt litigation practice. The firm has recruited litigation partner Francis Bellen to help establish the new Germany team, and is also strengthening its nine-partner Madrid practice with the addition of finance partner Joaquin Sales.
By Pui-Guan Man
2 minute read
July 02, 2012 | International Edition
Freshfields joins New York trio on AB InBev's $20bn Modelo acquisitionSkadden Arps Slate Meagher & Flom, Sullivan & Cromwell, Cravath Swaine & Moore and Freshfields Bruckhaus Deringer have all landed roles on Anheuser-Busch (AB) InBev's $20bn (£12.8bn) acquisition of the Mexican brewer behind brands including Corona, Grupo Modelo. The deal sees AB InBev, which already owned a stake of around 50% in Grupo Modelo, buy up the remaining shares to take control of the company.
By Pui-Guan Man
2 minute read
June 28, 2012 | International Edition
Global ambitions see firms shift promotions focus as City partnership prospects dropLondon partner promotions across the top 50 have dropped this year, as the UK's largest law firms continue to shift their traditional City-centric focus to a more international outlook.
By Pui-Guan Man
3 minute read
June 27, 2012 | International Edition
K&L Gates continues Paris growth with double partner hireK&L Gates has bulked up its five-partner Paris office with the addition of two new lateral hires. Judith Beckard-Cardoso has joined the US firm's labour and employment team from Canada's Fasken Martineau, where she spent almost two years after making partner in a move from Debevoise & Plimpton in November 2010.
By Pui-Guan Man
2 minute read
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