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International Edition

Down Under, not out - Herbert Smith has a lot to prove post-Freehills

For a firm that has at times appeared near-paralysed by indecision, division and lack of leadership, Herbert Smith is certainly making an emphatic statement with its full financial merger with Freehills. True, the firm procrastinated in Europe to the point where belated attempts to make ground ended in public reversal.
3 minute read

International Edition

Herbert Smith moves to reinvent itself for new global elite with full Freehills union

One response to the news that City thoroughbred Herbert Smith has at last sealed a major international merger sums up the mood. "The most poignant thing is what it means for the culture of Herbert Smith. This is a firm where all hell broke loose over the decision to drop '& Co' from its name," says one ex-partner, referring to a debate that ruffled feathers back in the innocent days of 1986.
8 minute read

Legal Week

Down Under, not out - Herbert Smith has a lot to prove post-Freehills

For a firm that has at times appeared near-paralysed by indecision, division and lack of leadership, Herbert Smith is certainly making an emphatic statement with its full financial merger with Freehills. True, the firm procrastinated in Europe to the point where belated attempts to make ground ended in public reversal.
7 minute read

International Edition

Firms position their pieces for a world economy shifting towards the East

No one wants to be left behind in the race to exploit an increasingly international-focused China, says Anthony Lin
5 minute read

International Edition

Bain Capital credit arm set to assemble European adviser panel

Bain Capital's credit affiliate Sankaty Advisors is set to create an informal panel of law firms in Europe, with Kirkland & Ellis (pictured), Ropes & Gray and Ashurst among those hoping to benefit from the move.
2 minute read

International Edition

Field Fisher and LG reject merger deal as talks over £150m tie-up end

Field Fisher Waterhouse and LG have called off merger talks that could have created a firm just outside the UK top 20 with combined revenues of £150m. The talks, which started in October last year and were confirmed in May, ended earlier this month before anything was formally taken to partners.
3 minute read

International Edition

Herbert Smith Freehills to go live as partners vote through merger

Herbert Smith and Australia's Freehills are set to merge on 1 October after partners at both firms voted in favour of a union under the banner Herbert Smith Freehills. Voting on the tie-up closed this morning (28 June), with the firms now planning a full financial merger from the autumn.
5 minute read

International Edition

CC and Sullivan advise as LatAm merger creates $14bn airline

Clifford Chance (CC) and Sullivan & Cromwell have taken lead roles on Chilean airline Lan's merger with Brazilian rival Tam. The deal completed last week (22 June) after nearly two years of negotiations, creating one of the largest airlines in the world with combined revenues of around $14bn (£9bn). With more than 51,000 employees initially servicing around 150 destinations, the merged airline will be known as Latam.
2 minute read

International Edition

Pinsents set for first redundancy round since McGrigors merger

Pinsent Masons is set to cut around 40 back office jobs across the firm in light of its recent merger with Scotland's McGrigors. The redundancies are expected to be made in the firm's HR, IT, facilities and business development functions, with no fee-earner roles affected by the cuts. The news was first reported on RollOnFriday today.
2 minute read

International Edition

Shoosmiths to open in Scotland with Edinburgh merger

Shoosmiths is to become the latest firm to enter the Scottish market via a merger, with the firm agreeing a union with Edinburgh's Archibald Campbell & Harley. The deal, which will go live in the autumn subject to regulatory approval, will take the top 40 firm's office count to nine - adding Edinburgh to its eight bases in England.
2 minute read

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