Charlotte Edmond

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  • August 7, 2008 |

    Travers Smith lands Goldman Sachs as client as private equity practice grows

    Travers Smith has gained a clutch of new clients, including investment banking giant Goldman Sachs, as the City firm continues to make inroads into the private equity arena

    By Charlotte Edmond

    1 minute read

  • August 6, 2008 |

    Dundas and Freshfields lead the queue on RBS's £950m Tesco finance sell-off

    Dundas & Wilson and Freshfields Bruckhaus Deringer have won roles advising on the £950m buy-out of Tesco's personal finance arm.Dundas has taken the lead for the Royal Bank of Scotland (RBS) as it sells its 50% stake in Tesco's consumer banking arm back to Tesco. The Scots law firm fielded a team led by Edinburgh corporate partner Kenneth Rose, with IT partners Paul Graham and Allan Wardhaugh also advising. Freshfields, meanwhile, was instructed by regular client Tesco, with corporate partner Claire Wills leading a team that also included partners from the firm's intellectual property, competition, employment and real estate teams.

    By Charlotte Edmond

    1 minute read

  • August 4, 2008 |

    Pinsents pips Norton Rose to top spot in AIM client rankings

    Pinsent Masons has knocked Norton Rose off the top spot as adviser to the largest number of clients on London's Alternative Investment Market (AIM) after a strong Q2 performance. Pinsents leads the rankings, advising 59 AIM-listed clients during the last quarter, according to data complied by Hemscott. The national firm has gained three new AIM client this quarter, climbing two places from third spot in Q1.

    By Charlotte Edmond

    1 minute read

  • August 1, 2008 |

    DLA faces job cuts as effects of crunch continue to take hold

    DLA Piper has become the latest firm to be hit by the market downturn, with the international giant currently consulting on a number of possible redundancies in its London office. The firm is in talks with a number of City fee earners in its technology, media and commercial (TMC) group over job cuts, while further discussions could also see the group's secretary pool affected. It is understood that five fee earners have been affected so far.

    By Charlotte Edmond

    1 minute read

  • July 31, 2008 |

    Olswang introduces director position as partner alternative

    Olswang has become the latest law firm to introduce an alternative to partnership, ushering in a new legal director position.The role, which will be taken up for the first time in September, is designed to be an alternative to the traditional partner route rather than a stepping stone. However, it will still be possible for legal directors to receive a further promotion into the partnership.

    By Charlotte Edmond

    1 minute read

  • July 31, 2008 |

    MoJ India liberalisation spending totals £100k

    The UK Ministry of Justice (MoJ) has spent more than £100,000 over the last five years on trips to India, as part of its ongoing efforts to liberalise the local legal market.The government department has spent more than £75,000 sending representations to India over the period, according to figures released to Legal Week under a Freedom of Information Act request.

    By Charlotte Edmond

    1 minute read

  • July 31, 2008 |

    Former PwC partner Hughes to take up non-exec role on Simmons board

    Simmons & Simmons has revamped its board and appointed former PricewaterhouseCoopers (PwC) partner Rodger Hughes as a non-executive director.

    By Charlotte Edmond

    1 minute read

  • July 31, 2008 |

    Olswang recruits new pensions team head

    Olswang has continued its recent hiring spree, taking Beachcroft partner David Farmer in a boost for the firm's pensions practice.

    By Charlotte Edmond

    1 minute read

  • July 30, 2008 |

    Commentary: Travers rides the cycle down - but no change of lane

    For a crude barometer of market activity, you can do worse than Travers Smith. Naturally aligned to UK corporate M&A, the City firm's profitability is closely tied to activity in upper-mid market private equity and the Alternative Investment Market (AIM). Small wonder, then, that year-end results announced by Travers earlier this month have shown growth suffer at the hands of prolonged credit turmoil and tumbling business confidence. Although still a highly profitable outfit - profits per equity partner comfortably outstrips many rivals with a similar income - the firm has nonetheless reported a 7.6% drop in profits to £755,000, down from £817,000 last year. Turnover, meanwhile, has edged up 3% to sit at £81m for the year.

    By Charlotte Edmond

    1 minute read

  • July 30, 2008 |

    Shearman and Weil to advise on GE's Abu Dhabi investment tie-up

    Shearman & Sterling and Weil Gotshal & Manges have come together to advise on a multibillion-dollar partnership between Abu Dhabi's state investment vehicle, Mubadala, and General Electric (GE). Shearman's New York office has taken the lead role for Mubadala, which last week (22 July) announced it is set to become one of GE's 10 largest institutional investors through the agreement, which will also see each company invest $4bn (£2bn) in a jointly-owned financial services company based in Abu Dhabi.

    By Charlotte Edmond

    1 minute read

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