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International Edition

BPP Law School backs £300m takeover by US bidder

The parent company of top UK law school BPP has accepted a £303.5m takeover offer from a US education provider in a move that will be closely watched by the legal profession. BPP Holdings today (8 June) made an announcement on the London Stock Exchange that the all-cash offer by Apollo Global worth 620p per share - a premium on Friday's closing price of 567p - had been agreed by the board of BPP, subject to a shareholder vote.
3 minute read

International Edition

Cleary, Shearman confirm jobs for September NQs

Cleary Gottlieb Steen & Hamilton is to keep on all six of its September 2009 qualifying trainees in the City while Shearman & Sterling has offered jobs to nearly two thirds of its qualifiers. Cleary has continued its record of retaining every qualifying trainee since it introduced its trainee programme in the City in 1997. One trainee will focus on tax while the remainder will keep a broader corporate practice.
2 minute read

International Edition

Career Clinic: Redundancy - what next?

"Earlier this year I was made redundant from my role as a mid-level corporate lawyer at a US law firm, before which I spent a couple of years at a magic circle firm. I have good academics and my performance reviews have always been good, but I am finding it impossible to find a new role at any firm (both small West End firms and large UK firms). "I've thought about studying, but don't think that I can finance this. My attempts to find non-legal temporary admin roles have been futile so far. I have played out the scenarios and am torn between chasing what few roles there are out there in the hope that I can beat the competition, or starting again, which I really don't want to do as I did enjoy my job as a corporate lawyer.
2 minute read

International Edition

Dentons and Squire Sanders mull over transatlantic tie-up

Squire Sanders & Dempsey has held merger discussions with Denton Wilde Sapte, it has emerged, as the top 100 US law firm continues its search for a transatlantic tie-up. The two firms have held discussions regarding a merger at management level with expectations a deal could be put together this autumn if the talks proceed well. The proposed union has not yet been generally discussed at partner level within Dentons, as the talks are at relatively early stages. Dentons has been looking to broaden its coverage in emerging markets while Squire Sanders is looking to widen its UK and European capabilities.
3 minute read

International Edition

SJB, Oppenhoff hire German magic circle partners

SJ Berwin has expanded its German corporate practice with the hire of a capital markets partner from Clifford Chance (CC). Dietmar Anders joined SJ Berwin's Frankfurt arm earlier this week (1 June). The hire comes a month after the top 20 UK law firm saw the departure of local corporate head Michael Roos, who left to set up his own practice.
2 minute read

International Edition

Elite firms take lead roles on Rio's $15bn rights issue and BHP JV

Linklaters, Slaughter and May and Herbert Smith have all advised on Rio Tinto's $15.2bn (£9.5bn) rights issue and joint venture with one-time merger partner BHP Billiton. The roles come in the wake of this week's collapse of Rio's $19.5bn (£12.1bn) deal with Chinese resource giant Chinalco, with Rio opting against a tie-up after shareholder concerns that the deal was not in the best interests of the mining company.
2 minute read

International Edition

Field Fisher names new senior partner after election

Field Fisher Waterhouse has named corporate partner Nicholas Thompsell as its new senior partner following a contested election. Thompsell saw off competition from dispute resolution partner Stephen Gibbs to replace Jon Fife in the role.
2 minute read

International Edition

Dorsey boosts City corporate arm with hire of Addleshaws partner

Dorsey & Whitney has bolstered its City corporate practice with the hire of Addleshaw Goddard partner Matthew Doughty. Doughty, who is set to start at the US firm's London office later this month as a partner in the corporate team, joins the Minneapolis-headquartered firm after only two years with Addleshaws. He previously worked in the London office of O'Melveny & Myers.
2 minute read

International Edition

Eversheds extends arms to Mauritius and Albania

Eversheds has expanded its international presence into Mauritius and Albania after adding two new offices to its Eversheds International network. The firm has opened an office in Mauritius, through South African Eversheds International member firm Routledge Modise, and an office in Albania through Italian arm Eversheds Piergrossi Bianchini.
2 minute read

International Edition

Career Clinic: Has the crunch killed the corporate jobs market?

"I am a mid-level corporate/commercial lawyer at a good Australian firm, but I want to move to the UK, mainly for personal reasons but also to give my career a push along. All the news I read is that the bigger firms are in retrenchment mode, and not hiring, but has the entire corporate sector dried up? I suspect, but don't know, that even in a recession there must be work for commercial lawyers with good training and academics..?"
1 minute read

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