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March 09, 2012 |

Ex-Stephenson Harwood CEO Gadhia exits to join Cleary's London base

Cleary Gottlieb Steen & Hamilton has made a notable hire for its London office with the addition of former Stephenson Harwood chief executive Sunil Gadhia. Gadhia, a commercial litigator, has spent his entire career at the UK firm, joining as a trainee in 1988 and making partner in 1997.
7 minute read
July 01, 2011 | International Edition

Elite US trio added to Barclays panel after review of bank's advisers

Barclays has added three US firms to its general advisory panel, following a comprehensive panel review intended to increase value for money from the bank's regular advisers. Cleary Gottlieb Steen & Hamilton, Shearman & Sterling and Sullivan & Cromwell have been added to the bank's main general advisory panel after Barclays decided to include the creation of a US sub-division for the first time.
5 minute read
June 15, 2011 |

Going organic: finding the balance between organic growth and lateral hiring in London

Foreign firms in London still struggle to find that elusive balance between 
organic growth and lateral hiring. Charlotte Edmond charts the latest trends
104 minute read
March 15, 2011 | International Edition

Then we take Manhattan - can Norton Rose really take on the world?

Not too long ago, Norton Rose looked like an also-ran. The London firm, known for its financial institutions practice, stumbled badly after its offices were bombed - twice - by IRA terrorists in the early 1990s. It jumped belatedly on the global bandwagon, establishing a network of European offices that did not turn a profit for half a decade. By the early 2000s, key partners were running for the exits. The magic circle, formerly Norton Rose's closest rivals, had pulled far ahead.
21 minute read
December 03, 2010 |

BLP, A&O and BAE scoop prizes at British Legal Awards

Berwin Leighton Paisner (BLP), Allen & Overy (A&O), and BAE Systems were among the prize winners at last night's (2 December) British Legal Awards 2010, which took place in a snowy London at Old Billingsgate Market.
28 minute read
March 17, 2010 |

Pharmaceuticals: The game changer

The pharmaceutical industry is facing uncertain times as a once-lucrative business model buckles under a globalising world economy. Charlotte Edmond reports on the companies and lawyers battling to secure all-important intellectual property in a rapidly changing market
89 minute read
April 08, 2009 |

Generation why?

When it comes to law firm prestige there is no denying that the magic circle tag still works its, well, magic. And there are few other groups that buy into the brand power of these five firms more so than the student population.Given free choice to name five law firms they would rate highly, students consistently turned to the magic circle group, viewing them as offering the best career options, work-life balance, partnership prospects and training - not to mention prestige - of all law firms.
34 minute read
December 03, 2008 |

Slaughters, SJB lead on BA-Qantas merger talks

Slaughter and May and SJ Berwin have landed leading roles as British Airways (BA) and Qantas enter into merger talks. Slaughters M&A head Stephen Cooke has taken the lead for regular client BA which confirmed yesterday (2 December) that it was exploring a potential merger with Qantas via a dual-listed company structure.
9 minute read
October 22, 2008 |

Macfarlanes advises PE bidder circling beleagured Baugur as asset sale looms

Macfarlanes is among a group of firms in line to benefit as potential bidders emerge for the assets of troubled Icelandic investor Baugur. The firm is advising regular private equity client Alchemy Partners, which is understood to have held talks with Mosaic Fashions, one of Baugur's major British investments. Corporate partners Ian Martin and Simon Perry are leading the Macfarlanes' team advising Alchemy. Mosaic - the company behind High Street names including Oasis, Coast and Karen Millen - has turned to Manchester-based Heatons for advice on any potential bid.
9 minute read
October 09, 2008 |

Banking turmoil sparks wave of takeover work for firms

The ongoing chaos in the banking sector is continuing to generate roles for firms on both sides of the Atlantic as Benelux financial services group Fortis, Italian bank UniCredit and US bank Wachovia join the ranks of financial institutions striking deals.Linklaters and Cleary Gottlieb Steen & Hamilton have taken the lead roles as France's BNP Paribas takes control of Fortis in a E14.5bn (£11.2bn) deal. A Linklaters team lead by Brussels corporate partners Jean-Marie Nelissen Grade and Eric Pottier is advising Fortis on the deal, which will see BNP Paribas take over the main banking and insurance operations. Cleary Gottlieb has taken the main role for BNP Paribas, fielding a team under Paris corporate partner Pierre-Yves Chabert.Allen & Overy (A&O) also scored a role on the transaction, advising the Dutch authorities. The takeover follows an attempt to bail out Fortis through a E11.2bn (£8.9bn) cash injection from the governments of Belgium, Luxembourg and the Netherlands. Herbert Smith ally Stibbe won the lead role advising the Belgian Government as it took a minority stake in Fortis, as well as fellow bank Dexia, and advised on the sale of its stake in Fortis to BNP Paribas. Clifford Chance advised the Dutch central bank, De Nederlandsche Bank, on the purchase by the Dutch Government of Fortis's Dutch banking and insurance subsidiaries.Linklaters also advised Fortis on the unsuccessful cash injection, while Cleary Gottlieb advised Dexia, which is to receive a E6.4bn (£5.1bn) injection from the Benelux governments and shareholders. Cleary Gottlieb has also taken the lead for Italian bank UniCredit in its deal to secure up to E6.6 billion (£5.12bn) of funding. The firm's team is being led by Milan partners Roberto Casati, Michael Volkovitsch and Pietro Fioruzzi.Meanwhile, ongoing rescue negotiations for Germany's Hypo Real Estate have generated roles for Shearman & Sterling, advising the bank itself, as well as German independent Hengeler Mueller, which advised a consortium of financial institutions. Linklaters is also understood to have a role for the lender.In the US, Sullivan & Cromwell has taken the lead on negotiations for the rescue of Wachovia, which has seen both Citi and Wells Fargo bidding. Davis Polk & Wardwell is advising Citi on its bid for Wachovia's banking operations for $2.16bn (£1.16bn), while Wachtell Lipton Rosen & Katz is advising Wells Fargo on its bid to acquire all of Wachovia for $15.1bn (£8.7bn).
21 minute read

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