NEXT
Sign in to follow

International Edition

CC, Freshfields and Shearman line up on Barclays stake sale

Clifford Chance (CC), Freshfields Bruckhaus Deringer and Shearman & Sterling have taken the lead roles on the high-profile sale of a stake in Barclays.
2 minute read

International Edition

Commentary: Pinsents/Salans find the way but do they have the will to succeed?

In a claim that could also be made of many of its national rivals, there has been a sense in recent years that Pinsent Masons has been struggling to strike the right tone in its international strategy as the firm shifts its practice towards a more cosmopolitan outlook. After all, its recently-announced tie-up with Salans is not the UK firm's first attempt to link with an international player. The question is whether this will deliver the solution the firm is looking for.
5 minute read

Legal Week

Commentary: Pinsents/Salans find the way but do they have the will to succeed?

In a claim that could also be made of many of its national rivals, there has been a sense in recent years that Pinsent Masons has been struggling to strike the right tone in its international strategy as the firm shifts its practice towards a more cosmopolitan outlook. After all, its recently-announced tie-up with Salans is not the UK firm's first attempt to link with an international player. The question is whether this will deliver the solution the firm is looking for.
12 minute read

International Edition

Elite firms take lead roles on Rio's $15bn rights issue and BHP JV

Linklaters, Slaughter and May and Herbert Smith have all advised on Rio Tinto's $15.2bn (£9.5bn) rights issue and joint venture with one-time merger partner BHP Billiton. The roles come in the wake of this week's collapse of Rio's $19.5bn (£12.1bn) deal with Chinese resource giant Chinalco, with Rio opting against a tie-up after shareholder concerns that the deal was not in the best interests of the mining company.
2 minute read

International Edition

Top UK duo lead on £323m Debenhams share issue

Herbert Smith and Freshfields Bruckhaus Deringer have taken lead roles on a £323m capital raising by UK retailer Debenhams. The share issue is intended to cut the company's debt and improve its ability to refinance in the future.
2 minute read

International Edition

CC and Ashurst lead on property group's £220m IPO

Clifford Chance (CC) and Ashurst have won roles on Europe's largest initial public offering (IPO) of 2009 – the £220m listing of Max Property Group. CC took the lead for Max Property Group, which last week listed on London's Alternative Investment Market (AIM) and the Channel Islands stock exchange (CISX). Equity capital markets partner Simon Thomas and corporate partner Adrian Levy led the CC team.
1 minute read

International Edition

Commentary: A&O bank shake-up - nothing special about specialisation

As the dust settles on Allen & Overy's (A&O's) firmwide restructuring and the separate shake-up of its banking practice, the post-Lehman trajectory for one of the top finance brands in global law is becoming clearer. Discussing the changes with A&O, three themes emerge. Firstly, A&O intends to go forward with a substantially smaller practice in the City. Secondly, the firm is tilting from specialisation towards broader, more flexible groups. And thirdly, Canary Wharf looks set to be the focus of its core banking franchise.
3 minute read

International Edition

Shearman in top gear on GM's Hummer sell-off

Shearman & Sterling has won a lead role on the acquisition of General Motors' Hummer brand by a Chinese industrial manufacturer. Shearman advised China's Sichuan Tengzhong Heavy Industrial Machinery (Tengzhong) on its purchase, in a deal reportedly worth up to $250m (£151m).
2 minute read

International Edition

Shearman leads on €3bn Danone rights issue

Shearman & Sterling and Bredin Prat have taken lead roles on French dairy and water company Danone's €3bn (£2.6bn) rights issue. The company, whose flagship products include Evian, Activia and Actimel, launched a public offering in France and Switzerland yesterday (1 June) accompanied by an international private placement in a bid to reduce its debt.
2 minute read

International Edition

Cravath takes top role on AOL-Time Warner split

Cravath Swaine & Moore has taken the lead role on Time Warner's split from AOL, signalling the end of a $124bn (£77bn) tie-up that in 2000 was the biggest deal ever
2 minute read

More from ALM

More from ALM

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

Resources

  • The Role of Evolving Support Structures in Optimizing Legal Talent

    Brought to you by BigHand

    Download Now

  • Corporate Monitorship Advisory Services

    Brought to you by HaystackID

    Download Now

  • 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