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International Edition

Partners predict market consolidation as downturn drives merger interest

Two out of three partners believe the recession will present attractive opportunities to secure opportunistic mergers, suggesting that the UK market could be set for a run of consolidation. The latest Big Question survey found that 68% of partners believe the downturn will present attractive opportunities to secure domestic mergers. A further 28% thought there may be such deals, leaving only 4% claiming such unions were unlikely.
4 minute read

International Edition

Magic circle duo lead on £41bn mega-merger

Linklaters and Freshfields Bruckhaus Deringer have won lead roles as mining giants Anglo American and Xstrata discuss a potential merger worth £41bn. Anglo-Swiss group Xstrata confirmed this week (21 June) that it had approached the board of Anglo American about a possible union.
2 minute read

International Edition

Mishcons merges practices with Libson to head new group

Mishcon de Reya has merged its corporate & commercial and employment practices and, in an unusual move, installed former litigation head James Libson to lead the newly-combined group. The shift gives the combined corporate and employment group 18 partners and 38 other fee earners, of which five partners and around 14 other fee earners come from employment.
2 minute read

International Edition

City firms line up on £553m LBO as debt market hints at revival

A handful of City firms have won roles on the largest European leveraged buyout (LBO) so far this year. Ashurst, Allen & Overy (A&O), Macfarlanes and Dickson Minto all advised on as Charterhouse Capital Partners' £553m LBO of Candover-owned energy consultancy Wood Mackenzie.
2 minute read

International Edition

Linklaters and Freshfields lead on £41bn mining mega-merger

Linklaters and Freshfields Bruckhaus Deringer have won lead roles as mining giants Anglo American and Xstrata discuss a potential merger worth £41bn. Anglo-Swiss group Xstrata confirmed yesterday (21 June) that it had approached the board of Anglo American about a possible union, describing a merger between the two as "highly compelling".
2 minute read

International Edition

DLA Piper lays off 9% of workforce in Middle East offices

DLA Piper has launched a second round of job cuts in the Middle East, with the firm cutting 9% of staff in the region, including one partner. In total, 22 staff will lose their jobs in the region, including nine fee earners. Staff were informed last week, with the cuts taking effect immediately.
2 minute read

International Edition

Skadden takes front seat on GM's Saab sell-off

Skadden Arps Slate Meagher & Flom has advised Sweden's Koenigsegg on its acquisition of General Motors' loss-making brand Saab. The deal, which was backed by Norwegian and US investors, saw Skadden field a team including City corporate finance partner Pranav Trivedi.
2 minute read

International Edition

Wembley legal chief blows final whistle on tenure

Wembley Stadium's head of legal and corporate affairs Darren Berman is stepping down from his role at the company. The move comes as the Football Association (FA) integrates with subsidiary companies including Wembley National Stadium Limited (WNSL). Alistair Maclean, previously the FA's head of legal services, has been appointed as the group legal director and company secretary for the newly-restructured FA Group.
2 minute read

International Edition

BLP completes redundancy consultation with 85 staff laid off

Berwin Leighton Paisner (BLP) has completed its redundancy consultation, with the firm laying off 85 members of staff. More than half of the cuts (47) were compulsory, with 32 staff opting for voluntary redundancy and six choosing to take early retirement.
2 minute read

International Edition

Gibson Dunn set for Sao Paulo office launch

Gibson Dunn & Crutcher is set to launch an office in Brazil - joining the growing ranks of law firms with bases in Sao Paulo. The firm is set to relocate one of the three New York-based co-chairs of its Latin America practice group, Lisa Alfaro, to head the new office, which will launch as soon as it receives a licence.
2 minute read

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