Pui Guan Man

January 28, 2014 | International Edition

Bird & Bird and K&L Gates have won the leading advisory roles on Arsenal's lucrative kit provider deal with Puma. The Premier League leaders have signed the a new five-year deal with the German company, which will replace Nike as club's kit provider, bringing to an end a 20-year relationship.

By Pui-Guan Man

2 minute read

January 27, 2014 | International Edition

Eversheds has spent £4.8m on restructuring costs during 2012-13 after a strategic review that led to 116 job cuts last year.

By Pui-Guan Man

2 minute read

January 27, 2014 | International Edition

Dundas & Wilson and CMS Cameron McKenna (CMS) have agreed a two-year partner lock-in as part of its £270m merger, which is set to go live later this year. It is understood that partners have been locked into the partnership for two years on a particular level of pay as a condition of the merger.

By Pui-Guan Man

2 minute read

January 24, 2014 | International Edition

Herbert Smith Freehills'(HSF's) bank borrowings grew by 38% for 2012-13, as the firm's UK fee income dipped by 1.6%.

By Pui-Guan Man

2 minute read

January 23, 2014 | International Edition

Clifford Chance (CC) has become the latest magic circle firm to reveal its spring retention rate, announcing it will keep on 94% of its March 2014 intake of newly qualified (NQ) lawyers. The magic circle firm has offered roles to 45 of 48 potential NQs, with all of them accepting positions.

By Pui-Guan Man

2 minute read

January 23, 2014 | International Edition

Norton Rose Fulbright has becoming the first law firm to form a partnership with Formula 1 team McClaren Mercedes. The firm will work closely with McLaren Group's in-house legal team to advise on corporate and M&A, contractual and intellectual property, real estate and employment law.

By Pui-Guan Man

3 minute read

January 23, 2014 | International Edition

Disadvantaged students considering a career in law may be given greater access to the profession as several top law firms have joined a working group with the aim of adopting a 'contextual recruitment' scheme. The system, which is set to be rolled out later this year, could introduce a new element to recruitment across all industries including law, allowing firms to rate candidates against the average performance of their school, potentially widening the pool of recruits considered. Firms including Clifford Chance, Freshfields Bruckhaus Deringer and Ashurst have teamed up with diversity recruitment and training company Rare to form a working group looking into the new system, which will also allow firms to take into account economic background and personal circumstances, such as whether they are the first generation of their family to go to university, or whether they have spent time in care.

By Pui-Guan Man

4 minute read

January 22, 2014 | International Edition

Freshfields Bruckhaus Deringer and Simpson Thacher & Bartlett have won roles on Guardian Media Group's (GMG's) sale of its 50.1% stake in Auto Trader owner Trader Media Group. The Guardian publisher has offloaded its remaining stake, worth around £600m, to private equity firm Apax. The disposal is subject to regulatory approval and final completion.

By Pui-Guan Man

2 minute read

January 21, 2014 | International Edition

Allen & Overy (A&O) is in talks with a number of high-profile clients over deploying lawyers from its contract law business in-house following a successful soft launch period. The magic circle firm introduced its Peerpoint business last year, initially using only its own alumni working directly for A&O. But it has now spoken to around 10 to 12 clients, including high-profile financial institutions, with a view to offering in-house placements before the end of the year.

By Pui-Guan Man

3 minute read

January 20, 2014 | International Edition

Expensive litigation costs have resulted in significant profit dips for two of the world's biggest investment banks. Deutsche Bank and Morgan Stanley have both had to set aside additional cash for legal expenses arising from the fall-out of the financial crisis.

By Pui-Guan Man

2 minute read