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International Edition

Norton Rose partner joins Cleary to head up new Hong Kong law practice

Cleary Gottlieb Steen & Hamilton is set to launch a Hong Kong law practice next year with the hire of Norton Rose's China corporate finance head. Freeman Chan will join Cleary to lead the new practice early next year, when the US firm intends to start practising local law. The practice will focus on Hong Kong-listed initial public offerings, capital market transactions, private equity and M&A.
2 minute read

International Edition

Quartet of top Australian firms win roles on multibillion-dollar rail IPO

Four of Australia's largest law firms have lined up on the A$6.7bn (£4.2bn) listing of rail company QR National, marking the second-largest initial public offering (IPO) ever seen in the country. Allens Arthur Robinson advised the Queensland Government with a team including infrastructure partner John Greig, M&A partners Erin Feros, Kylie Brown and Stuart McCulloch and energy partner Grant Anderson.
2 minute read

International Edition

CC adds high-profile lateral to City corporate with hire of Ashurst's Fox

Clifford Chance (CC) has made a high-profile hire for its London corporate practice with the addition of Ashurst corporate finance partner Steven Fox. Fox, who also headed Ashurst's Madrid office between 2003 and 2007, has been a partner in the firm's City corporate department since 2000. His practice focuses on international corporate finance and M&A, including equity capital markets, public company takeovers and cross-border deals.
2 minute read

International Edition

Hogan Lovells and Eversheds set to act on Flybe LSE listing

Hogan Lovells and Eversheds are in line to pick up lead roles on domestic airline Flybe's proposed flotation on the London Stock Exchange (LSE). The airline is understood to be handing the main role on its planned listing to longstanding adviser Eversheds. London-based corporate partner Simon Masters is expected to lead the team advising on the listing, which is set to value the company at around £200m.
2 minute read

International Edition

Kaye Scholer expands London arm with Hogan Lovells and DLA Piper hires

Kaye Scholer has ramped up its London platform with the hire of Hogan Lovells securities head Katherine Mulhern and DLA Piper corporate partner Sean Scanlon, who will both join the firm as partners before the end of the month. Mulhern, a New York-qualified securities lawyer specialising in international equity and debt capital markets, joined Hogan Lovells in 2005 from Freshfields Bruckhaus Deringer, following a secondment to the equity capital markets group of Merrill Lynch.
2 minute read

International Edition

Linklaters takes role for GM investor as car maker launches $23bn IPO

Linklaters and Jenner & Block have won roles as General Motors this week increased the number of shares on offer in its landmark initial public offering (IPO), reports The Am Law Daily. The car maker, which is being advised by US firm Jenner, has responded to strong market demand by expanding the IPO by 31%, helping the company to raise $23.1bn (£14.4bn) in what could be the largest IPO ever.
2 minute read

International Edition

Hong Kong shines as global IPO market evolves

Despite the volatility of markets since the global financial crisis, companies have more choices than ever when deciding where to go to raise capital. One of the big trends in capital markets over the past decade has been the increasing willingness of companies to list outside their home country. This affords them an opportunity to expand into other markets, bolster their international reputation, tap new investors and take advantage of higher valuations and liquidity. According to data published by Ernst & Young, cross-border deals accounted for 72% of the total funds raised on the top four exchanges - Hong Kong, London, New York Stock Exchange and National Association of Securities Dealers Automated Quotations (NASDAQ) - in 2009.
4 minute read

International Edition

Ashurst hires Dewey ECM partner in Frankfurt

Ashurst has enhanced its European equity capital markets (ECM) team with the hire of a Dewey & LeBoeuf partner in Frankfurt. Matthias Von Oppen, who will join the firm next month (1 December), has spent three years as a corporate partner at the US firm's Frankfurt base. After qualifying at White & Case in Frankfurt in 1999, he was seconded to Swiss banking giant UBS, as well as the firm's London office. He made partner in 2004 and moved to Dewey in 2007.
2 minute read

International Edition

Capitalism's next frontier - outside investment in law

A little before 10:30am on 3 June 2020, Derek Boone took a deep breath and swung open the glass doors of his law firm's 49th floor conference room. As the managing partner of Chicago-based Trale Blaser & Stern, Boone had conducted hundreds of meetings in this room, but today was different. Private equity firm SilverKnight Partners had made an unprecedented $200m (£124m) investment in Trale Blaser the day before, transforming the law firm from a traditional partnership into a privately-held corporation with an equity value of $600m (£373m). Boone had just become the chief executive and in a few minutes would lead the inaugural board meeting.
18 minute read

International Edition

Skadden and Linklaters win roles on Russian company's London listing

Linklaters and Skadden Arps Slate Meagher & Flom have lined up on the $420m (£260m) initial public offering (IPO) of Russian food retailer O'Key, in one of the first listings by a Russian company in London since the financial crisis. Skadden advised O'Key, fielding a team including corporate finance partner Pranav Trivedi, who splits his time between London and Moscow, and Moscow-based M&A partner Dmitri Kovalenko.
2 minute read

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