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International Edition

A&O and Latham win roles on $1bn KBC sell-off

Allen & Overy (A&O) and Latham and Watkins have taken lead roles on Daiwa Capital Markets' $1bn (£662m) buyout of KBC's bond and derivatives businesses. Daiwa Capital Markets, the investment banking unit of Daiwa Securities, was advised by Latham with the US firm fielding a team led by Hong Kong-based corporate partner Simon Berry.
2 minute read

International Edition

Blackstone recruits Simpson Thacher M&A partner as new top lawyer

Private equity fund The Blackstone Group has appointed a new top lawyer with the hire of John Finley, the co-chair of Simpson Thacher & Bartlett's M&A group, reports The Am Law Daily. Notable transactions that Finley has worked on in recent years at Simpson Thacher include representing Lehman Brothers on the sale of its North American operations to Barclays and Mars's $23.1bn (£15.3bn) leveraged buyout-style purchase of chewing gum manufacturer Wrigley.
2 minute read

International Edition

Stewarts Law seals merger deal with Bakers spin-off firm

Specialist litigation firm Stewarts Law has sealed a merger deal with Baker & McKenzie spin-off Masseys. The tie-up is set to go live next month (2 August) and will see Masseys' four-partner, seven-lawyer firm integrate financially with Stewarts.
2 minute read

International Edition

Clydes recruits Howard Kennedy corporate partner for London arm

Clyde & Co has hired Howard Kennedy partner Martin Davies to its London corporate practice as the firm continues its acquisitive streak. Davies, the 27th hire for the firm in the last 14 months, was head of the international group at Howard Kennedy and joins Clydes to focus on the firm's strategy in the Middle East, particularly Saudi Arabia and Qatar, and separately in North America.
2 minute read

International Edition

Salans hires twelve-strong team from French firm in Paris push

Salans has added to its Paris practice with a team of three M&A partners and nine associates from Lefevre Pelletier & Associes, including its former head of M&A and private equity Jean-Luc Bedos. Bedos, Dimitri Pubellier and Pierre Leveque all joined the firm as partners on 1 July in the M&A and private equity practice, with Leveque also set to take a role in the international law firm's litigation practice.
2 minute read

International Edition

What now for Simmons after Mayer Brown fling?

The breakdown of merger talks between two law firms often proves to be an unsettling moment for both parties. Sometimes it can prove a lot worse than that. When talks between Mayer Brown and Simmons & Simmons foundered last week (29 June), Mayer Brown was keen to get the message across that it, rather than Simmons, had called negotiations to a halt. Partners at Simmons, however, appear relaxed about the affair. "We don't feel like the injured party here," observes one Simmons partner, "but we have no interest in getting into a spin debate in the media." Another partner adds: "Obviously it's not nice to have your firm's name on the front page of every legal newspaper unless it's to do with a new big client win. But internally I don't think people are too upset since the talks were so preliminary and no-one aside from the management had really had a chance to get excited about it."
4 minute read

International Edition

M&A lawyers still waiting on full-blown recovery as deal flux continues in H1

Deal activity managed a modest revival in the first half of the year after a dire start to 2009 but continued market turbulence in the second quarter of 2010 has kept M&A lawyers waiting for a robust recovery. Research from Legal Week's data provider Mergermarket shows that bid activity edged up in the first half of the year. Global deal volume was up 12% against H1 2009, while deal value rose by 6%; in Europe volumes were up 6% over the same period while bid value rose by 23%.
3 minute read

International Edition

CC confirms Tinkler as new head of London corporate practice

Clifford Chance (CC) has elected Simon Tinkler as its new London corporate head after the voting process closed today (6 July). Tinkler succeeds David Pearson, who has served two terms in role after first being elected in 2003.
2 minute read

International Edition

Cuatrecasas launches new office with Malaga merger deal

Cuatrecasas Goncalves Pereira has opened a new office in Malaga through a merger with local boutique Romero & Robles. Founding partners Francisco Romero and Jorge Robles will head up the new base for Cuatrecasas, with Romero taking the managing partner role. Robles previously worked at Cuatrecasas between 1999 and 2006 before setting up the boutique along with Romero after a short stint at law firm RL in Malaga in 2007.
2 minute read

International Edition

Ashurst corporate head steps down as firm names global practice chief

Ashurst corporate head Adrian Clark has stepped down from his role as the firm appoints Stephen Lloyd to the newly-created position of global head of corporate. Lloyd, the former managing partner of the London corporate department, will take up the new role of global head of corporate, which will see him lead the firm's corporate strategy as well as overseeing the day-to-day running of the global corporate practice. At the same time, fellow corporate partner Simon Beddow has been appointed to the new role of European managing partner of corporate.
2 minute read

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