Addleshaw Goddard is leading for DIY retailer Homebase as it collapses into administration. On the other side of the table, Browne Jacobson is advising The Range’s owner CDS Superstores in its acquisition of the Homebase brand, a move that safeguards nearly 1,500 jobs. Addleshaws’ team for Homebase is led by Manchester-based restructuring partner Tim Taylor. […]
A&O Shearman and Paul Hastings have scored roles on Macquarie’s sale of AGS airports operating in Aberdeen, Glasgow and Southampton. The asset manager instructed A&O Shearman to lead on the seller side of the transaction. On the other side, Paul Hastings is leading for longstanding client PSP Investments and AviAlliance as the buyers. A&O’s team […]
Freshfields is leading on the UK Government’s investment arm’s sale of shares in NatWest Group, while Linklaters is advising its longstanding bank client on the transaction. The Linklaters team is headed by corporate partner Lucy Reeve and managing associate Mackenzie Hewett. Linklaters is leveraging its enduring relationship with the UK bank. A few months back, […]
Weeks after losing partners from its pensions and tax practices, Travers Smith is set for a further departure as its incentives head moves to Allen & Overy Shearman. Mahesh Varia, the head of Travers’ incentives and remuneration team, is making the move. Varia served on Travers’ partnership board and has been with the firm for over […]
Following Sidley Austin’s sweep of seven finance partners from Latham & Watkins, both firms – and their rivals – are preparing for a surge in recruitment activity as associates mull their next move. Sources told The Lawyer they expect there to be “a stream of people joining Sidley in the next few weeks and months”. […]
Latham & Watkins is acting for mining giant Anglo American, a relatively new relationship struck by the US firm’s London office. A team from Latham is advising Anglo American in the sale of its minority interest in Jellinbah to investment management giant Zashvin. Latham’s team was led by London corporate partners Sam Newhouse and Emily […]
Kirkland & Ellis is leading for KKR in its acquisition of a 25 per cent stake in Eni’s biofuel business. The Kirkland team is led by London corporate partners Toby Parkinson, Sara Pickersgill, Nick Appleton, Serra Tar and associates Claudia Carr, Melissa Sawyer and Shaun Boyle. They are supported by debt finance partners Sinead O’Shea, […]
In order to remain competitive, firms are having to come up with new solutions to remunerate their star partners better – with Clifford Chance no exception. The firm is understood to have modified its lockstep, enabling it to pay its top partners in excess of £10m. The Lawyer understands that the top of Clifford Chance’s […]
Squire Patton Boggs has become the latest firm to announce a pay rise for its newly qualified (NQ) solicitors. The US firm will hike NQ salaries in the City by 10 per cent from £100,000 to £110,000 at the start of 2025, two years on from its last increase. NQs in the firm’s regional offices […]
DLA Piper has announced a new-look executive committee as Charles Severs readies himself to take the reins as global managing partner and co-CEO. The new executive committee includes deputy managing partner and managing director for international practice groups Sandra Wallace, managing director for clients Benjamin Parameswaran, managing director for sectors Mark O’Conor, managing director for […]
Senior lawyers at Simmons & Simmons are being encouraged to work on an ad hoc basis from client offices in a new initiative to boost external connections. Starting this financial year, the firm is strongly encouraging managing associates and partners to work offsite, outside of regular billable hours. This firmwide initiative is aimed at building […]
Linklaters, with the former managing partner of Shearman & Sterling at the helm, is acting for long-standing client Rio Tinto in its all-cash acquisition of Arcadium Lithium. The magic circle firm’s transatlantic team was led by New York partners George Casey, Pierre-Emmanuel Perais and London partners James Inglis and Lisa Chang. The team was supported […]