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International Edition

CC on track to achieve Asia revenue targets amid capital markets rush

Clifford Chance (CC) has said it is back on track to achieve its 2014-2015 revenue targets in Asia after seeing a slowdown in the last financial year amid a slump in capital markets and M&A work. The magic circle firm, which recorded a 3% drop in Asia revenues in the financial year 2012-2013, said it had adjusted its expectations to account for market volatility, but was still eyeing revenues close to its original £250m goal.
4 minute read

International Edition

Transfer Window Asia: recent moves including DLA, Clydes and HSF

DLA Piper has boosted its corporate practice in Bangkok with the hire of O'Melveny & Myers lawyer Tim Tan. Tan, who was previously a counsel with O'Melveny in Singapore in the firm's corporate finance practice, focuses on banking and leverage finance, corporate debt and restructuring and special situations investment transactions.
4 minute read

International Edition

Cleary partner joins HK regulator as corporate finance director

Cleary Gottlieb Steen & Hamilton partner Megan Tang has left the firm to join Hong Kong's market watchdog the Securities & Futures Commission (SFC) as director of the corporate finance division. Tang, who joined Cleary's Hong Kong office as a partner in 2008, will begin her new role at the SFC in February this year.
2 minute read

International Edition

Addleshaw Goddard adds third partner in Hong Kong

Addleshaw Goddard has ramped up in Hong Kong with the hire of a third partner, Daniel Wan from Jun He. The firm, which received approval to launch an associated Hong Kong office in August, has also changed its name from Stewien & Co to Francis & Co following the arrival of Nigel Francis, the former head of litigation and employment at Australian outfit Minter Ellison, and has re-located to new premises on the 8th floor of Citibank Tower in Central.
2 minute read

International Edition

Flying the flag for a continent – charting the revival of the South African legal market

Neil Hodge reports on the revival of the South African legal market and the positive impact it is having on the rest of Africa...
8 minute read

International Edition

A&O advises Nationwide on creation of new financial product

Allen & Overy (A&O) has advised Nationwide Building Society on the creation of a new type of financial instrument which will help the mutual plug a £500m capital shortfall.
3 minute read

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

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