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International Edition

Ashurst, CC, DLA advise on £300m Dr Martens sale

Ashurst, Clifford Chance (CC) and DLA Piper have landed roles on the £300m sale of iconic shoe manufacturer Dr Martens to private equity firm Permira. CC acted for longstanding client Permira, which has agreed to buy R Griggs Group, the parent company of the Dr Martens brand. CC fielded a team led by corporate partner David Pearson and banking partner Robert Lee.
2 minute read

International Edition

Field Fisher powers up on Nintendo UK online shop launch

Field Fisher Waterhouse has won a proze mandate advising the European arm of Nintendo on the launch of an online retail store for UK consumers. The firm worked with the Japanese entertainment company's commercial and legal teams on the venture, which stocks products including games consoles such as the Wii U, Wii Mini and Nintendo 3DS.
2 minute read

International Edition

Merger delay for Kennedys and Simpson & Marwick

Kennedys proposed merger with Scottish firm Simpson & Marwick has been delayed, with the firms admitting its initial timetable had been "ambitious". The tie-up, which would created an Anglo-Scottish firm with a combined projected turnover of more than £160m, had been due to go live next Friday (1 November).
2 minute read

International Edition

Government must go boldly by building new launchpad for £9bn space sector

"Growing at almost 10% a year, as fast as the Chinese economy," is the speed at which science minister David Willetts described the growth of the UK space sector at the recent Conservative party conference. He complimented the sector as being "a remarkable success story of high-tech innovation". Yet I doubt the general public, or the City, would perceive the UK space industry to be one whose growth will help lead the UK out of recession. In fact, I doubt they think about it much at all.
5 minute read

International Edition

OC shakes up private client practice after partner exits

Osborne Clarke (OC) has embarked on a drastic restructuring of its private client practice after its existing team jumped ship for Bond Dickinson this week. In response to the departures of private client and charity law partner Mark Woodward and property partner Robert Drewett, OC has outlined plans to create a small private wealth practice focused on high-net-worth (HNW) entrepreneurs and executives. Pensions partner and board member Paul Matthews will oversee the process. It is expected the firm will hire at least one new partner to head the team.
2 minute read

International Edition

Pulling against the tide – rethinking billing practices in the age of IT

The conservative practice of law has generally had an uneasy relationship with technology. That is only too evident in attempts to measure, analyse, direct and thus overall manage the performance of lawyers at the individual, group and firm level. No doubt, anyone who has been around lawyers for the last decade can recall many stories of partners ignoring, deriding or sabotaging policies about billable-hour targets, time-entry procedures, inventory cycles, and – with particular vigour – any form of numerical analysis and reporting of their performance.
8 minute read

International Edition

Law Society scoops A&O's Stephen Denyer for senior international role

The Law Society has appointed Allen & Overy (A&O) global markets partner Stephen Denyer as its new head of City and international. Denyer, who is based in Frankfurt, oversees the firm's approach to markets where the firm has not established a presence and coordinates its ties with relationship firms. He represents A&O with regulatory and professional bodies including the International Bar Association.
2 minute read

International Edition

Mayer Brown continues hiring spree with BLP and White & Case duo

Mayer Brown has hired a further two partners in its London banking and finance group, with the recruitment of Berwin Leighton Paisner partner Trevor Wood and White & Case senior associate Mayank Gupta, who joins as partner. The pair - who are expected to join by the end of the calendar year - bring Mayer Brown's senior lateral hire count to six in the last month, and follow the appointments of securitisation partners Richard Todd and David O'Connor from BLP and Allen & Overy respectively.
3 minute read

International Edition

Weil and Travers take centre stage in £450m theatre group sale

Weil Gotshal & Manges and Travers Smith have taken the leading roles on US buyout firm Providence Equity Partners' acquisition of Ambassador Theatre Group (ATG). Providence bought the stake in the live-theatre operator, which hosts West End musicals including The Lion King and Wicked, from a group of current investors led by Exponent. The deal is estimated to be worth around £450m.
2 minute read

International Edition

Bingham takes Jones Day competition head in rare City hire

Bingham McCutchen has made a rare hire in London, with the recruitment of Jones Day's London competition practice head Frances Murphy, who represents clients including AstraZeneca and the London Metal Exchange in contentious and non-contentious EU and domestic competition matters, brings the London office's competition team to three partners.
2 minute read

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