Suzi Ring
April 27, 2011 | International Edition
Clydes forms new India tie-up after partners split from best friends firmClyde & Co has ended its relationship with India best friend ALMT Legal and set up ties with a breakaway group of partners from the firm. Five partners have left ALMT to set up a new boutique, Clasis Law, with Clydes set to continue to operate in the region via a relationship with the new firm.
By Suzi Ring
2 minute read
April 27, 2011 | International Edition
Herbert Smith makes up 13 to partnership including City sixHerbert Smith has announced its annual partner promotions with more than half of the new partners made up outside of the City. The firm has promoted 13 lawyers to its partnership, including six in London. The promotions are effective as of 1 May.
By Suzi Ring
2 minute read
April 21, 2011 | International Edition
Pannone launches white label unit in LSA pushPannone has launched a separate business unit to offer its legal services through organisations such as retailers and insurers, to take advantage of opportunities under the Legal Services Act (LSA).The national firm has formed a white label division that will see it carry out legal work for organisations wanting to sell legal services to customers under their own brand names.
By Suzi Ring
3 minute read
April 21, 2011 | International Edition
Long-serving BLP partner to exit firmBerwin Leighton Paisner (BLP) banking and capital markets partner Mark Waghorn is set to leave after 21 years at the firm. Waghorn has handed in his notice and will officially leave the partnership next week (28 April), but will continue to serve as a consultant partner for a short time to assist in handing over client matters. He will not be based in the office during this time.
By Suzi Ring
2 minute read
April 21, 2011 | International Edition
Freshfields appoints local China chair and relocates two partners to regionFreshfields Bruckhaus Deringer has signalled its commitment to its China practice with the firm relocating two partners from London and appointing its first-ever local chairman. China managing partner Teresa Ko is set to take on a new client-facing role as chairman of the China practice on 1 May, with her local management responsibilities passing onto Asia managing partner Rob Ashworth.
By Suzi Ring
2 minute read
April 21, 2011 | International Edition
Herbert Smith names corporate partner to governance councilHerbert Smith has made a new appointment to its governing body, electing London corporate partner Alex Bafi to the firm's partnership council. Bafi was voted onto the council earlier this month and will replace corporate partner Gareth Roberts as one of four City-based partners elected to sit on the nine-partner committee. He will take up his new position on 1 May.
By Suzi Ring
2 minute read
April 21, 2011 | International Edition
Clydes recruits DLA Piper partner for insolvency practiceClyde & Co has bulked up its City restructuring practice with the hire of DLA Piper partner Stewart Perry. Perry is set to join Clydes next month as the second partner in the firm's insolvency and reorganisation team. He leaves DLA Piper's City base two years after making partner in 2009.
By Suzi Ring
2 minute read
April 21, 2011 | International Edition
Travers to select line-up to handle future outsourced work for firmTravers Smith is set to draw up a formal list of organisations to outsource legal work to in anticipation of growing client demand. The firm will review its options over the coming months and put together a list of three organisations it can use when requested by clients.
By Suzi Ring
2 minute read
April 21, 2011 | International Edition
Trio of City firms lead on Battersea Power Station debt restructuringAshurst, Clifford Chance (CC) and Linklaters are among a raft of firms to have advised on the £1.96bn debt restructuring of the ownership of Battersea Power Station. The deal will see the iconic power station transferred to a new holding company, with £437m of debt converted to equity. Ashurst took the lead role for the power station's owner, property company Real Estate Opportunities (REO), with a team led by corporate partner Nigel Stacey alongside finance partners Sarah Watkinson and Dan Hamilton and tax partners Richard Palmer and Simon Swann.
By Suzi Ring
2 minute read
April 20, 2011 | International Edition
Norton Rose wins role to advise Irwin Mitchell on ABS investment plansIrwin Mitchell has taken its next steps towards becoming one of the first alternative business structures (ABS) with the appointment of Norton Rose as its legal adviser and Espirito Santo Investment Bank as its financial adviser. Espirito Santo will advise Irwin Mitchell on its options to raise external capital over the coming months as the UK top 30 firm gears up to take advantage of the implementation of the Legal Services Act (LSA) later this year.
By Suzi Ring
2 minute read
