Baker McKenzie and Linklaters have sealed an agreement between brewing company Carlsberg and soft drinks producer Britvic, after the latter rejected two acquisition offers from its suitor. The £3.3bn takeover comes after Britvic rejected Carlsberg’s last offer of £3.1bn on 11 June as well as a first offer that was made on 6 June. Bakers […]
Taylor Rose MW has refreshed its leadership team with eight senior-level appointments including the firm’s first chief operating officer and first director of professional standards. The news follows what was a rocky 2023 for the firm after it launched a redundancy round last September to “carefully manage costs” in a difficult economic climate. According to […]
Any City firm wanting to get serious in the transactional legal market has to be prepared to make considerable investments into its private equity practice, whether by attracting key hires or wooing big-ticket clients. But as firms compete for the attention of a Blackstone or EQT, Orrick Herrington & Sutcliffe is staying out of the […]
Burges Salmon and Covington & Burling have led the listing of US-based medical technology group AOTI on the AIM market, as the London IPO space picks up. Burges Salmon corporate partners Dominic Davis and AJ Venter led for AOTI on the main ECM piece, along with associate Dan Wood. Support was provided by senior associate […]
Concerns over Royal Mail’s £3.5bn takeover by Czech-owned business EP Group have bubbled up over the weeks since the agreement was announced, with each side’s legal team coming up against a range of issues. Slaughter and May corporate partner Claire Jackson has been leading the transaction for Royal Mail’s parent company International Distribution Services (IDS) […]
American firms in London have seen a sharp slowdown in their City headcount growth rate, according to The Lawyer’s latest US 50 report. After the last five years saw the US firms reliably adding some 300 to 800 lawyers to their ranks annually, 2023 brought on all of 22 additional lawyers to the overall mix. […]
Following the raft of newly-qualified salary rises in recent weeks, Slaughter and May is holding its pay for NQs at £125,000 – at least until November this year. Slaughters reviews its salary scales bi-annually in April and November and in its most recent review decided to keep pay for its most junior lawyers as is. […]
Pinsent Masons is the latest firm preparing to increase its newly-qualified (NQ) solicitor salary from September, with a 5 per cent rise in London. The move means that NQs in the London office will receive a salary of £97,000 upon qualification, up 5.4 per cent from the current £92,000 rate. Regional rates will also go […]
Addleshaw Goddard, Freshfields Bruckhaus Deringer and Paul Hastings have all scored roles on the Co-operative Bank’s £780m sale to Coventry Building Society (CBS). CBS made its cash offer to the banking company after months of exclusive talks between the two parties. As a result, Co-op will be expected to see a mass rebrand of its […]
Skadden Arps Slate Meagher & Flom and McDermott Will & Emery are among firms housed in 22 Bishopsgate that have begun a competition to see who is the most environmentally sustainable tenant in the building. The initiative involves 22 Bishopsgate collecting data concerning heating and cooling, water filtration status, and light usage via the building’s […]
Freshfields has been appointed as the lead law firm acting on the administration of online car company Cazoo. Advising joint administrators Matthew Mawhinney and David Soden from Teneo Financial Advisory, the magic circle finds itself sorting out the collapse of one of its longstanding retail clients. It was announced this week that the retailer had […]
Three firms have won spots on High Speed Two railway’s (HS2) latest panel worth £4m. Burges Salmon, Gowling WLG and Sharpe Pritchard have all won spots on the panel, which is for the provision of procurement, commercial and general legal services. Burges Salmon is the only firm to be re-appointed from the previous panel, having […]