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International Edition

Overworked corporate counsel cut back on use of outside firms

Corporations are using fewer law firms because short-staffed corporate legal departments have little time to manage outside firms, according to new research. The study, carried out by BTI Consulting Group, canvassed 550 companies with average revenues of £16bn and average annual legal spend of £12m.
2 minute read

International Edition

Halliwells corporate trio quit London office to join DAC

Halliwells is to lose a heavyweight corporate trio to Davies Arnold Cooper (DAC), leaving the national firm with just one corporate partner in London. Former senior partner Clive Garston - currently a consultant at the top 40 firm - is set to join DAC in September alongside London corporate partners Ian Brent and Steven Raize. They will be joined by Halliwells corporate solicitor Melissa Needham.
2 minute read

International Edition

Weil Gotshal, DLA and Links lead on $2bn Middle East media merger

Weil Gotshal & Manges, DLA Piper and Linklaters have taken roles on a $2bn (£1.2bn) merger which will create the largest pay TV company in the Middle East and North Africa, reports The Am Law Daily. Weil Gotshal, which opened its first office in the Middle East this January in Dubai, advised Showtime Arabia on the deal, which sees it join forces with TV company The Orbit Group.
2 minute read

International Edition

Freshfields and A&O advise on $3.4bn China green energy deal

Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have taken roles on the largest Chinese M&A deal so far this year, reports The Am Law Daily. The deal, which is set to close this week, sees Chinese power company GCL-Poly Energy acquire leading solar-cell parts manufacturer Jiangsu Zhongneng Polysilicon Technology Development for $3.4bn (£2.1bn).
2 minute read

International Edition

Bevan Brittan boosts partner profits by 35% as revenue remains static

Bevan Brittan has seen profits per equity partner (PEP) increase by 35%, the firm announced today (16 July). PEP for 2008-09 stood at £222,000 compared with £164,000 in 2007-08, with the increase coming against a marginal dip in turnover to £41.1m compared to £41.6m the previous year. Overall profits increased by 56% to £8.6m.
2 minute read

International Edition

Top law firms drafted in to advise on Liberty's £510m buyout of Pearl Group

A raft firms have landed roles advising on the £510m buyout of Pearl Group by acquisition vehicle Liberty International. Freshfields Bruckhaus Deringer, Simpson Thacher & Bartlett, Lovells, Clifford Chance (CC), Olswang and Greenberg Traurighave all won roles on the deal, which reduces Pearl's debts.
2 minute read

International Edition

DLA and Dickson Minto advise on Southampton FC sale

DLA Piper has advised administrator Begbies Traynor on the sale of Southampton Football Club to Switzerland's Markus Liebherr. The deal, which was announced last week (8 July), saw DLA Piper London restructuring head Michael Fiddy advising Mark Fry and David Hudson - the administrators to Southampton Leisure Holdings - on its sale of Southampton FC to Liebherr, for an undisclosed sum.
2 minute read

International Edition

Dentons partner quits to set up new firm with barrister

Former Denton Wilde Sapte corporate partner Richard Hierons has left the firm's partnership to launch a boutique. Hierons left the City firm's partnership last month to set up the boutique along with barrister Richard Southall, who joins from an in-house position.
2 minute read

International Edition

Top law firms drafted in to advise on Liberty's £510m buyout of Pearl Group

A raft firms have landed roles advising on the £510m buyout of Pearl Group by acquisition vehicle Liberty International. Freshfields Bruckhaus Deringer, Simpson Thacher & Bartlett, Lovells, Clifford Chance (CC), Olswang and Greenberg Traurig have all won roles on the deal, which reduces Pearl's debts.
2 minute read

International Edition

Dealmaker: Ashar Qureshi

Cleary Gottlieb corporate partner Ashar Qureshi unleashes his penchant for untrammelled eloquence
4 minute read

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