NEXT
Sign in to follow

International Edition

Stronger economy and healthy half-year revenues fuel confidence boost at top firms

Buoyed by a surge in transactional activity and a stronger economic outlook, business confidence among partners at the top law firms is at its highest point for several years. Results of Legal Week's latest Big Question survey show 94% of partners expect to see revenues climb at their own firm over the next 12 months, while just 4% anticipate a drop in turnover and 2% think it will remain static. Partners also expect revenue across the UK top 50 as a whole to grow in the coming year, with 50% predicting combined revenues will increase by up to 5%. Just 6% of respondents are anticipating a fall in revenue across the group, while 14% believe average turnover will be static. Almost three out of ten are even more optimistic and expect revenues across the group to grow by between 5% and 10%.
4 minute read

International Edition

K&L Gates and Sidley lead on Philippines 'largest ever' IPO

K&L Gates and Sidley Austin have advised Robinsons Retail Holdings on its $622m IPO on the Philippine Stock Exchange. The offering, which closed earlier this month, is thought to be the largest-ever IPO in the Philippines. K&L Gates advised the issuer on the US law aspects of the listing, fielding a team of four led by Hong Kong-based corporate partner David Johnson.
2 minute read

International Edition

CC and Latham advise on Hong Kong IPO of China's Huishang Bank

Clifford Chance has acted opposite Latham & Watkins on the $1.2bn Hong Kong IPO of China's Huishang Bank, as a string of Chinese lenders begin to list in the city. The IPO is the third by a Chinese bank in the last month, following that of Huirong Financial, which raised $106m on the exchange, and Bank of Chongqing, which raised $546m.
2 minute read

International Edition

DLA beefs up structured finance team with hire of CC partner

DLA Piper has sealed the hire of Clifford Chance (CC) leveraged finance partner Tony Lopez for its structured finance team. Lopez, who is US-qualified, joined CC's Manhattan office in 2006, brought in from Cahill Gordon & Reindel, before relocating to the magic circle firm's London office in 2011.
1 minute read

International Edition

Milbank makes second key hire from A&O in Asia this year

Milbank Tweed Hadley & McCloy has made a second key hire from Allen & Overy in Asia this year with the appointment of the firm's head of international capital markets for the region and Philippines group leader James Grandolfo. The US outfit, which also recruited the magic circle firm's Tokyo managing partner and project finance expert Aled Davies in May, has recently been building up its partners in Asia following the departure of some key figures.
2 minute read

International Edition

Simpson takes lead role as Alibaba looks to list in US

Simpson Thacher & Bartlett has scored the lead role on Alibaba's US IPO following a decision by the world's largest online e-commerce company not to list in Hong Kong. Hangzhou-based Alibaba, whose plans for a Hong Kong IPO emerged earlier this year, is now expected to list in New York, which would allow the company founders to retain control over board nominations.
3 minute read

International Edition

White & Case, Norton Rose act on Indonesia's $1.5bn sukuk offering

White & Case and Norton Rose Fulbright have advised on the Republic of Indonesia's (ROI's) latest sukuk offering of $1.5bn (£943m). This is the largest ever issuance of Shariah-compliant securities by the country, and part of a government-led initiative to boost its foreign-exchange reserves and promote Islamic finance in the region.
2 minute read

International Edition

Davis Polk and Simpson Thacher check in for $1.25bn Hilton IPO

Davis Polk & Wardwell and Simpson Thacher & Bartlett have advised on hotel operator Hilton Worldwide's plans for an initial public offering (IPO). The hospitality company, which is owned by private equity firm Blackstone Group, is hoping to raise up to $1.25bn (£790m) through the listing, the proceeds of which will be used to pay down debt and for general corporate purposes.
2 minute read

International Edition

White & Case and Dentons lead $1bn Ghana bond issue

The London offices of White & Case and Dentons have taken lead roles on a $1bn (£645m) bond issue for the Republic of Ghana. The bond, which was listed on the Irish and Ghana Stock Exchanges, comprised a standard $750m (£484m) issue of new notes at 7.875%, and a $250m (£161m) note exchange for bonds issued in 2007.
2 minute read

International Edition

CC and Simpson Thacher lead on $1bn Hong Kong IPO of China dairy company

Clifford Chance and Simpson Thacher Bartlett are advising on the planned $1bn Hong Kong IPO of China milk producer Liaoning Huishan Dairy. The company, which is expected to begin premarketing this week, is looking to raise funds to increase its herd of cattle and boost production, according to media reports.
2 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • AI-Powered Deposition and Medical Record Summaries: Low Risk, High Reward

    Brought to you by Parrot

    Download Now

  • Aligning Client Needs with Lawyer Growth and Profitability

    Brought to you by BigHand

    Download Now

  • Technology to Make E-Discovery Smarter, Not Harder

    Brought to you by Nuix

    Download Now

  • Does Generative AI Have the Power to Transform Legal Services?

    Brought to you by HaystackID

    Download Now