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International Edition

McGrigors boosts City offering with hire of Eversheds corporate finance specialist

McGrigors has expanded its City arm with the hire of Eversheds corporate partner Carsten Rumberg.
2 minute read

International Edition

CC, Freshfields and Shearman line up on Barclays stake sale

Clifford Chance (CC), Freshfields Bruckhaus Deringer and Shearman & Sterling have taken the lead roles on the high-profile sale of a stake in Barclays.
2 minute read

International Edition

True blue

Currently, in the legal world, I am a corporate partner at City law firm SJ Berwin. In the political world, I am a shadow minister for the Department of Business, Enterprise and Regulatory Reform (BERR), and also shadow Solicitor General.
7 minute read

International Edition

Northern Ireland: 12 months of strife, but things are looking up

Twelve months ago I wrote an article in these pages attempting to predict how Northern Ireland's (NI) law firms would fare in the short and medium term. My conclusion was that initially there would be a levelling out of growth but mid-term well-balanced firms should continue to be able to grow. So, how have we done and how far off the mark was I?
4 minute read

International Edition

Nomura completes in-house revamp in wake of Lehman takeover

Japanese banking giant Nomura has completed an overhaul of its in-house legal team following last year's takeover of Lehman Brothers' European and Middle Eastern equities and investment banking businesses. The combined legal department is to be overseen by European general counsels Mark Chapman and Piers Le Marchant, who was previously managing director of legal at Lehman.
2 minute read

International Edition

Davis Polk to close Frankfurt office as local chief steps down

Davis Polk & Wardwell has opted to close its Frankfurt office when resident partner Patrick Kenadjian retires at the end of August, reports The Am Law Daily. Kenadjian informed the firm earlier this spring that he intended to retire at the end of this year. In the meantime, the office's designated successor, London-based partner Harald Halbhuber, decided to leave the firm for personal reasons, according to managing partner John Ettinger. The Frankfurt office, which was launched in 1991, has long focused on cross-border securities and M&A work. In January, Kenadjian headed a team advising Oesterreichische Kontrollbank on its offering of $1.25bn (£770m) in global notes.
2 minute read

International Edition

BPP Law School backs £300m takeover by US bidder

The parent company of top UK law school BPP has accepted a £303.5m takeover offer from a US education provider in a move that will be closely watched by the legal profession. BPP Holdings today (8 June) made an announcement on the London Stock Exchange that the all-cash offer by Apollo Global worth 620p per share - a premium on Friday's closing price of 567p - had been agreed by the board of BPP, subject to a shareholder vote.
3 minute read

International Edition

Cleary, Shearman confirm jobs for September NQs

Cleary Gottlieb Steen & Hamilton is to keep on all six of its September 2009 qualifying trainees in the City while Shearman & Sterling has offered jobs to nearly two thirds of its qualifiers. Cleary has continued its record of retaining every qualifying trainee since it introduced its trainee programme in the City in 1997. One trainee will focus on tax while the remainder will keep a broader corporate practice.
2 minute read

International Edition

Career Clinic: Redundancy - what next?

"Earlier this year I was made redundant from my role as a mid-level corporate lawyer at a US law firm, before which I spent a couple of years at a magic circle firm. I have good academics and my performance reviews have always been good, but I am finding it impossible to find a new role at any firm (both small West End firms and large UK firms). "I've thought about studying, but don't think that I can finance this. My attempts to find non-legal temporary admin roles have been futile so far. I have played out the scenarios and am torn between chasing what few roles there are out there in the hope that I can beat the competition, or starting again, which I really don't want to do as I did enjoy my job as a corporate lawyer.
2 minute read

International Edition

Dentons and Squire Sanders mull over transatlantic tie-up

Squire Sanders & Dempsey has held merger discussions with Denton Wilde Sapte, it has emerged, as the top 100 US law firm continues its search for a transatlantic tie-up. The two firms have held discussions regarding a merger at management level with expectations a deal could be put together this autumn if the talks proceed well. The proposed union has not yet been generally discussed at partner level within Dentons, as the talks are at relatively early stages. Dentons has been looking to broaden its coverage in emerging markets while Squire Sanders is looking to widen its UK and European capabilities.
3 minute read

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