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International Edition

Herbert Smith brings forward start dates of deferred Hong Kong NQs

Herbert Smith Freehills has asked two qualifying trainees in Hong Kong to bring forward their start date at the firm, after initially asking them to defer due to the slowdown in capital markets work in the region. The firm is taking on five newly-qualified corporate lawyers, but asked three of the intake to delay their start date from 1 September until 1 January. However, the firm has now asked two of the trio to bring their start dates forward again.
3 minute read

International Edition

Capital markets commitment pays off as Cleary scores run of Russia deals amid tough market

Navigating the rough waters of Russia's deal markets is notoriously difficult, but Wall Street leader Cleary Gottlieb Steen & Hamilton has been reminding rivals of late how effective it is at securing and executing these kinds of deals.
4 minute read

International Edition

Asia M&A sector holds up despite economic gloom as IPO work dips

Given the investment that international law firms have poured into Asia, there will be no shortage of partners reading the latest deal statistics to gauge the impact that the cooling of the region's major economies has had on bid activity. The good news is while M&A activity is not thriving, in global terms Asia is faring better than most.
5 minute read

International Edition

Travers and Field Fisher make legal team for Rangers AIM listing

Field Fisher Waterhouse and Travers Smith have both taken roles advising on Scottish football club Rangers' proposed £20m float on the Alternative Investment Market (AIM). Field Fisher is advising Rangers on the listing led by London corporate partner Christine Phillips, while Travers is acting for Cenkos Securities, the securities adviser on the float, led by corporate finance and M&A partner Philip Cheveley.
2 minute read

International Edition

Squire Sanders ramps up MENA presence with acquisition

Squire Sanders has expanded its Middle East practice with the acquisition of El-Khoury & Partners' Middle East and North Africa (MENA) business in Saudi Arabia. The Riyadh-based practice, which formerly operated as EK Partners & Al-Enezee, has been renamed Al-Enezee in association with Squire Sanders.
2 minute read

International Edition

Mills & Reeve line up with magic circle duo on Cambridge Uni bond issue

Mills & Reeve has taken a lead role alongside Clifford Chance (CC) and Linklaters on the University of Cambridge's 40-year, £350m bond issue. Morgan Stanley, HSBC and Royal Bank of Scotland are joint-managing the offering from the university, which last week received an AAA credit rating from Moody's. The move marks the university's first foray into the public market in its 800-year history.
2 minute read

International Edition

Taylor Wessing and RPC confirm new launch plans for Asia

Taylor Wessing and Reynolds Porter Chamberlain (RPC) have confirmed plans to open new bases in Asia, as UK law firm interest in the region shows no sign of abating.
2 minute read

International Edition

Herbert Smith transfers Hong Kong ECM associates to grapple with IPO slump

Herbert Smith has transferred associates from its equity capital markets team in Hong Kong to alternative practice areas and other regional offices, as it struggles to grapple with the slump in Asia's once flourishing IPO market.
2 minute read

International Edition

Norton Rose and Simpson act on C$1.1bn Apax Canada acquisition

Norton Rose and Simpson Thacher & Bartlett are among a line-up of firms on Apax Partners' C$1.1bn (£700m) acquisition of Canadian company GardaWorld Security Corporation.
2 minute read

International Edition

CC asks Singapore lawyers to take sabbaticals amid Asia slowdown

Clifford Chance (CC) has asked associates from its capital markets team in Singapore to take voluntary sabbaticals as the firm moves to cope with the dramatic slowdown in Asian securities work. The magic circle law firm is understood to have met with staff this week to offer them a percentage of salary and benefits if they accept the offer of leave between now and early 2013. It is unknown how many staff will be affected by the cost-cutting measure, but sources close to the matter indicate that it will be less than 10.
3 minute read

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