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International Edition

Norton Rose adds partner to Shanghai base with A&O hire

Norton Rose has bolstered its Shanghai office with the hire of a new partner from Allen & Overy (A&O). A&O of counsel Lynn Yang (pictured) is set to join the firm's corporate team as a partner on 1 July.
2 minute read

International Edition

Linklaters to renew push into boardrooms under new broom

Back to basics, the once-unloved mantra of the Conservative Party, seems to be getting a new lease of life at Silk Street as Linklaters' corporate practice hauls itself out of the recession. The message coming from new head of corporate Jeremy Parr is that Linklaters will be looking to "refresh and replenish" its client base as it repositions its practice for a tougher global deal market. In part, this illustrates that Linklaters' protracted push with the investment banking community is largely a completed project. Even the less generous of its peers concede that the firm's corporate practice has established a commanding position with the banking community over the last decade. This success, coupled with the now-distant challenge of keeping up with the deal boom, arguably led to a little less focus on the quality that originally made the team's reputation: obsessively cultivating top quality boardroom connections. In the rush of the deal boom, by common consent, some of the firm's traditional focus on strategically building out its client base was less in evidence. And while Linklaters typically gets respect from its clients, the robust line it has taken on pricing during the recession hasn't always endeared it to those who look for a deal team to share their pain.
4 minute read

International Edition

After the flood

Recovery was the buzzword at last month's Legal Week Private Equity Forum; recovery, that is, from a low level and in an environment clouded by credit shortages and regulatory uncertainty. "It's looking a bit brighter, but it's not anywhere close to the situation three years ago," said Stephan Grillmaier, a partner at private equity advisers MVision, speaking at the event, held at the Chancery Court Hotel in Holborn, central London.
5 minute read

International Edition

Orrick rules out SJ Berwin merger in email to firm's partnership

Orrick Herrington & Sutcliffe has decided against a merger with SJ Berwin, according to an email sent by chairman Ralph Baxter to the firm's partnership on Monday night (3 May), writes the Am Law Daily. The email does not give offer specific reasons why Orrick is abandoning a potential deal but it does confirm that the two firms had considered a tie-up.
2 minute read

International Edition

Freshfields checks in for antitrust role on $3bn United-Continental tie-up

Freshfields Bruckhaus Deringer has taken a role alongside a trio of US firms on the $3bn (£2bn) tie-up of United Airlines and Continental Airlines, reports The Am Law Daily. The deal, which has created the world's largest carrier by passenger traffic, will see the newly-merged company retain the name United. Both carriers had previously considered a merger two years ago, but that deal collapsed over concerns about oil prices and $537m (£353m) in first-quarter losses by United that year.
3 minute read

International Edition

CC seals corporate boost with hire of top-rated Macfarlanes M&A partner

Clifford Chance (CC) has secured a major boost for its corporate team with the hire of Tim Lewis from Macfarlanes. M&A partner Lewis has worked on a number of key deals for Macfarlanes, including the $9bn (£5.5bn) acquisition of Vin & Spirit by Pernod Ricard and the £8bn buyout of UK building materials company Hanson by HeidelbergCement.
1 minute read

International Edition

Elite trio take top roles on US Treasury's Citigroup share sale

Simpson Thacher & Bartlett is advising the US Treasury on its plan to unload 7.7 billion government-owned Citigroup shares in a series of sales rather than all at once, reports The Am Law Daily. The US Government has retained Morgan Stanley to prepare the sale and place the initial batch of 1.5 billion Citi shares on the market, with Davis Polk & Wardwell and Cleary Gottlieb Steen & Hamilton sharing the job of advising Morgan Stanley.
3 minute read

International Edition

Holman hires Blake Dawson partner for Singapore practice

Holman Fenwick Willan has hired a Blake Dawson partner in a boost for the UK law firm's corporate and projects practice in Singapore. James Donoghue will join Holman Fenwick from the Australian leader's Jakarta office on 1 May. Donoghue, whose practice focuses on the energy and resources sector, has been involved in many of the electricity privatisation programmes in Australia, including taking a lead role in advising Queensland Government-owned Tarong Energy on its joint venture with Mitsui and the Tokyo Electric Power Company on the Tarong North Power Station.
1 minute read

International Edition

Memery Crystal replaces MP role with new chief exec

Memery Crystal has appointed corporate partner Lesley Gregory to the newly-created role of chief executive, as the City law firm phases out the managing partner position. Gregory has been appointed to the top role for a three-year term, replacing existing managing partner Harvey Rands, who will step down on 30 April.
2 minute read

International Edition

Travers and Burges Salmon advise on millionaire's Bath Rugby buyout

Travers Smith and Burges Salmon have taken lead roles on the acquisition of Bath Rugby Club by multi-millionaire supporter Bruce Craig. Travers corporate head Chris Hale led the team advising Craig, who purchased the club from English entrepreneur Andrew Brownsword, who has been the majority shareholder of the club for the past 14 years. Hale was joined by senior corporate associate James Renahan and banking partner Andrew Gregson.
2 minute read

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