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May 28, 2008 | International Edition

Beyond borders

Given the instability of credit markets, the slowdown in activity among domestic M&A buyers and the low US dollar, the US emerged as an attractive destination in 2007 for in-bound, cross-border deals. As foreign buyers increase, foreign law firms and lenders could also benefit. Since 2003, the beginning of the global merger boom, there has been a steady increase in the number of US acquisitions made by foreign companies. Their share of such deals has increased to 20%, from 11% in 2003, according to Dealogic. Some of these foreign buyers are looking to the US as an opposite hedge to investing in emerging markets. The US is seen as a market where there are stable companies, with good investment environments.
7 minute read
May 28, 2008 | International Edition

US firm names London managing partner

Nixon Peabody has named Stavros Adamidis as the managing partner of its London office. Adamidis, a finance partner, takes responsibility for the office with immediate effect, heading up the US firm's only foreign outpost.
1 minute read
April 16, 2008 | International Edition

Nixon Peabody nabs partner from Bingham

Nixon Peabody has boosted its US contentious practice with the hire of a partner from domestic rival Bingham McCutchen. Business litigation partner Robert Ebe joins the firm's San Francisco office as a partner from Bingham, where he led the West Coast distribution and franchise group.
2 minute read
March 28, 2008 | International Edition

US Briefing: Summer associate hiring wilts in '08

Summer associate ranks look thinner for the upcoming season as many of the nation's law firms have pulled back from the record-breaking hiring of 2007. A sampling of summer associate programs at several top firms shows a decrease in the number of students that they plan for this year. With last year's summer associate tallies representing all-time highs at some of those firms, they appeared more guarded at recruiting time last fall. And as the economy has taken a dramatic downturn since on-campus interviews that began in August 2007, some law firms could find a mismatch in the supply of summer associates and their demands for full-time starters.
3 minute read
February 14, 2008 | International Edition

US quartet post healthy revenue rises for 2007

US firms Sidley Austin, Nixon Peabody, Dechert and King & Spalding have all posted positive results for 2007.Top 10 firm Sidley Austin announced an 11% increase in revenues to reach $1.39bn (£709m) compared to $1.25bn (£638m) in 2006, while profits per equity partner (PEP) grew by 5.7% from $1.31m (£667,000) to $1.38m (£704,000).
2 minute read
February 13, 2008 | International Edition

Nixon Peabody ramps up partnership by nine

Nixon Peabody has appointed nine new partners across the firm with effect from 1 February, 2008. The firm's Rochester office gained three new partners, while Boston gained two. The Albany, Silicon Valley, Washington DC and Chicago offices got one new partner apiece. The promotions were spread across seven different practice groups, with the firm's employment practice and venture capital group gaining two new partners.
1 minute read
January 23, 2008 | International Edition

US five make Fortune's list of best employers

Arnold & Porter and Bingham McCutchen are among five US law firms to have retained places in Fortune magazine's latest annual list of the 100 best companies to work for, writes The Recorder, with both firms hailed for the diversity of their employees. The duo are joined on the list, published earlier this week (22 January), by Atlanta firm Alston & Bird, Nixon Peabody and Perkins Coie - the same five firms that made the list last year.
2 minute read
November 23, 2007 | International Edition

US Briefing: Baker Botts Iraq oil deal questioned

Ever since oil first gushed in Texas, Houston-based Baker Botts has represented wildcatters. While those deals were always risky, even Baker may not have anticipated that the deal made by the firm for its latest wildcatter - Hunt Oil Co, a longtime client hungry for oil in Iraq - was risking quite so much. Both the US and Iraqi governments are annoyed by the Hunt contract and the Bush administration claims that the deal may hurt peace prospects in the region.
4 minute read
October 19, 2007 | International Edition

...Legal Week Lunchbox: Weekend Special 19/10/07...

The five most popular articles on legalweek.com today; the pick of the day's posts; and all the usual fun in a bumper pre-weekend Lunchbox
2 minute read
October 18, 2007 | International Edition

Nixon Peabody links up with boutique for City launch

Nixon Peabody has today (18 October) unveiled its long-planned City arm, handing the top 100 US law firm its first foreign outpost. The new seven-lawyer branch will be overseen by New York-qualified financial services specialist Stavros Adamidis, with four partners to be based permanently in the UK.
2 minute read

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