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International Edition

Liquid lunches, sporting events and the Bribery Act – will City corporate life ever be the same?

It has happened. The Bribery Act 2010 is now in force. And yet corporate entertaining has not come to a cataclysmic end, there was still plenty of City schmoozing at Wimbledon and the restaurants in the Square Mile are still doing a brisk business in three-hour lunches for pin-striped ladies and gentlemen buying and selling their wares.
4 minute read

International Edition

Simmons brings in one partner each for City and Milan bases

Simmons & Simmons has made two partner hires, strengthening its London corporate practice and its Milan litigation team. The firm has hired Travers Smith counsel Caroline Murphy as a partner for its London corporate practice and brought in Hogan Lovells partner Cristina Pagni in Italy. Murphy, who has worked with clients including Bridgepoint Capital and 3i, becomes the fourth partner in Simmons' London private equity team. Prior to joining Travers in 2006, Murphy was general counsel at furniture retailer Habitat, becoming the first person to hold the position when she left Clifford Chance in 2004.
2 minute read

International Edition

Stephenson Harwood adds City corporate funds partner with Simmons hire

Stephenson Harwood has added to a partner to its City corporate funds practice with a hire from Simmons & Simmons. The firm has hired James Tinworth as a partner from Simmons, where he was a managing associate. The hire takes the total number of funds partners at Stephenson Harwood to six.
2 minute read

International Edition

Quartet of US corporate partners quit DLA Piper to join Reed Smith

Reed Smith has recruited a quartet of corporate partners from DLA Piper for its offices on both coasts of the US, reports the Am Law Daily. The group of partners is led by capital markets and M&A lawyer Yvan-Claude Pierre, who joined DLA three years ago from Fulbright & Jaworski.
2 minute read

International Edition

Firms line up on Hong Kong group's £4.7bn Northumbrian Water takeover

Freshfields Bruckhaus Deringer, Hogan Lovells and Ashurst have taken lead roles on the £4.7bn takeover bid for Northumbrian Water by a Hong Kong consortium. Freshfields has won the lead role for the consortium - which is led by Cheung Kong Infrastructure (CKI) - and is fielding a London-based team headed by corporate partners Piers Prichard Jones and Edward Braham (pictured), working alongside Hong Kong corporate partner Simon Weller.
2 minute read

International Edition

Sullivan takes lead role for HSBC on $1bn sale of US branches

Sullivan & Cromwell has taken the lead role on HSBC's $1bn (£615m) sale of 195 US branches to First Niagara Financial Group, reports The Am Law Daily. HSBC, which on Monday (1 August) announced plans to shed 30,000 jobs worldwide, is paring down its US assets as part of a larger cost-cutting initiative.
2 minute read

International Edition

Clydes and Barlows back merger deal after partner votes at both firms

Barlow Lyde & Gilbert and Clyde & Co have confirmed their merger deal following votes in favour of the move from both firms' partnerships, marking the largest-ever tie-up between two UK law firms. The votes, which took place yesterday (28 July) at Clydes and today (29 July) at Barlows, saw the firms achieve the 80% and 75% of 'yes' votes respectively required for a deal to go through.
3 minute read

International Edition

White & Case boosts City base with Latham duo ahead of Milan relaunch

White & Case has strengthened its London capital markets group with the hire of a US securities duo from Latham & Watkins in a move that will also see the US firm re-enter the Italian market. London-based partners Michael Immordino and Ian Clark, who both handed in their notice earlier today (28 July), will be joining White & Case on Monday (1 August) after several weeks of discussions.
3 minute read

International Edition

Trio of UK firms lead on £113m sandwich maker takeover

Eversheds and Stephenson Harwood have won roles alongside Slaughter and May on Greencore Group's £113m takeover of convenience food maker Uniq. Eversheds advised Irish food company Greencore, a longstanding client, on its purchase of Uniq, which is one of the biggest sandwich producers in the UK, supplying retailers including Marks & Spencer.
2 minute read

International Edition

Partner exits on the cards ahead of Clydes-Barlows merger deal

Barlow Lyde & Gilbert is set to ask nearly 10% of its partnership to leave if its merger with Clyde & Co is approved by both firms' partnerships this week. Around 10 of Barlows' 97 partners are expected to be asked to go as part of the terms of the tie-up. Of the remainder, at least 32 are expected to join the equity at the combined firm, compared with a current equity partner count of 64 at Barlows.
3 minute read

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