0 results for 'Cleary Gottlieb Steen & Hamilton LLP'
Linklaters and Cleary lead on Fortis takeover
Linklaters and Cleary Gottlieb Steen & Hamilton are continuing to cash in on the turmoil in the global banking markets, with the pair taking leading roles as BNP Paribas' takes control of Fortis.Linklaters is advising stricken Benelux financial services group Fortis on the €14.5bn (£11.2bn) deal, announced today (6 October), which will see BNP Paribas take over the main banking and insurance operations of Fortis. Brussels corporate partners Jean-Marie Nelissen Grade and Eric Pottier is leading the team for the magic circle firm.Commentary: Linklaters finds many silver linings on Wall St's cloud
With every day last week seemingly heralding news, or at the least rumours, of another shock bank collapse/rescue, there are clearly better times to be a lawyer in the financial services sector. But for Linklaters it seems this particular cloud has a silver lining. Rafts of firms have managed to win substantive roles in the transactions but in the UK, only Linklaters has managed to secure key positions on all three deals to date.The firm has a team of around 20 partners acting for PricewaterhouseCoopers as UK administrator on Lehman Brothers' collapse in addition to a separate team advising Lloyds TSB on its takeover of HBOS. The firm is also advising Merrill Lynch on UK aspects of its takeover by Bank of America.Cleary confirms exclusive College of Law deal
Cleary Gottlieb Steen & Hamilton's City arm has sealed an agreement with the College of Law that will see the College become the firm's exclusive provider of the Graduate Diploma in Law, the Legal Practice Course (LPC) and the Professional Skills Course (PSC). The agreement will start in September 2009 when Cleary will send 12 of its future trainees to the College for the LPC. The trainees will be able to study in any of the College's centres around the UK, although most are expected to attend the Moorgate centre, where the LPC and PSC electives will be taught in firm-specific groups.Cleary joins Links on Bradford & Bingley deal
Cleary Gottlieb Steen & Hamilton has taken a lead role opposite City giant Linklaters as struggling UK lender Bradford & Bingley (B&B) sells a stake to US buy-out giant TPG. The pair is advising the private equity group, formerly Texas Pacific Group, which today announced it was taking a 23% stake in B&B after the lender was hit by losses relating to its mortgage exposure.Commentary: Pressure is on for Kirkland as McKeeve heads for the exit
For many in the private equity community it was only a matter of time, but last week's announcement that one of its most-trumpeted signings, Raymond McKeeve, had resigned leaves Kirkland & Ellis facing awkward questions about its UK strategy. Rumours, which partners had conceded internally were not baseless, had been circulating for months that all was not well with the firm's private equity team. Even ignoring claims that McKeeve's informal style was not playing well within a conservative partnership and judging the team purely on performance, the situation did not look good, with many questioning whether McKeeve and his ex-Linklaters colleague Graham White had deliveredHiring trends at US firms in London fail to match 2005 five-year high
US firms hired 67 partners across the City in 2007 - a slight dip on the recruitment peak of 2005, despite last year's booming markets. Legal Week research into hiring trends at 24 of the US' biggest players in the UK found that while recruitment activity was up on 2006 - when 60 partners joined US practices - it failed to match 2005's five-year high of 72.Much of the activity came in the mid-market. Mayer Brown was the biggest lateral recruiter of 2007, with the firm bringing in nine partners, including two high-profile names - McDermott Will & Emery corporate partner William Charnley and Ashurst real estate partner Gary Watson.CC celebrates $14bn Chinalco corporate coup
Clifford Chance (CC) has won a high-profile mandate to advise the Aluminium Corporation of China (Chinalco) on its joint acquisition with Alcoa of a 12% stake in Rio Tinto for around $14bn (£7bn). The deal marks CC's first instruction from the client and is thought to represent the largest-ever overseas investment by a Chinese company. The move could block the efforts of Anglo-Australian mining company BHP Billiton to buy Rio Tinto.Freshfields and A&O latest to enter US bonus war
Freshfields Bruckhaus Deringer and Allen & Overy have become the latest firms to announce they will be paying one-off bonuses to their New York associates. Both firms have met market rates, with associates at Freshfields to be given from $10,000 (£4,900) to $50,000 (£24,400) depending on seniority, in addition to the firm's scheduled bonus of between $35,000 (£17,000) and $65,000 (£31,700). The special bonus will be paid at the end of this month, with a year-end bonus being paid on 31 December.Cleary makes up eight in latest partner round
Cleary Gottlieb Steen & Hamilton has elected eight new partners and a raft of counsel in its latest promotion round - although the firm's London arm misses out on the promotions altogether. The New York leader announced today (12 November) that it had made up 11 new counsel as well as the eight partners, with those given the nod stepping up to their new roles from 1 January, 2008.Cleary's City veteran Curran to call it a day
Cleary Gottlieb Steen & Hamilton's most senior UK partner, Andrew Curran, is to retire at the end of this calendar year. Curran joined Cleary from Lovells as a partner in January 1997 to launch the New York firm's English-law practice. He had spent more than 25 years with Lovells in London, where he qualified into the tax practice.Countdown to Compliance: SEC Private Fund Reforms
Brought to you by Ontra
Download Now
Top 10 Compliance Concerns for Private Fund Managers
Brought to you by Ontra
Download Now
The Top 10 Terms in Private Equity NDAs
Brought to you by Ontra
Download Now