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Asia Deal Digest: December 15, 2011
Corrs Chambers Westgarth leads as an Australian coal giant is conceived; Herbert Smith and Sullivan & Cromwell separately help Sinopec increase its global gas assets; and sweet relief for King & Wood and White & Case as China finally passes a cross-border candy deal.DLA Piper Hires Linklaters Partner for EMEA Corporate Team
DLA Piper has bolstered its Europe, Middle East and Africa corporate practice with the addition of Linklaters partner Jon Hayes. Hayes, who trained at the Magic Circle firm and became a partner in 2001, joined DLA on Tuesday with the aim of boosting client ties with London corporations and international clients. He will work alongside DLA's EMEA corporate head Juan Picon.Sliding Dollar Hurts U.S. firms in U.K.
U.K. firms' profits are up, but the exchange rate hit two dollars to the pound in April � not so appealing for lawyers paid with the former currency.New Assistant GC at Virgin Media Charlotte McMillan Is On the Front Lines
If you're the new in-house lawyer in charge of TV content carriage for a major cable operator, an appreciation for TV can certainly come in handy. After a nearly 15-year career in media and intellectual property law, self-described film and TV enthusiast Charlotte McMillan has joined the U.K.–based Virgin Media Inc. as its new assistant general counsel. At Virgin, she'll report to GC Bryan Hall and establish a team of four attorneys to focus on TV content carriage—meaning she'll have a hand in bringing channels and programs to the company's U.K. ­subscribers.Abu Dhabi: The Desert's New Hot Spot
While tales of Dubai's excesses were de rigueur during the boom years, its neighbor Abu Dhabi, maintained a relatively low profile.Deutsche Bank Relations in Spotlight After White & Case Departures
White & Case is working to renew its relationship in London with key client Deutsche Bank after six partners with links to the client left the firm's banking and capital markets practice over the past 18 months. After key relationship partner Mike Goetz quit for Freshfields Bruckhaus Deringer in March 2008, a further five partners linked with Deutsche Bank in London have left. At its height the relationship was thought to be worth around $25 million a year to the firm's London office.Magic Circle Firms on Pace to Become Among World's Most Profitable
Six months into their current financial year, the United Kingdom's largest firms are continuing an impressive growth spurt. Two Magic Circle firms report that they're on pace to reach or exceed the $2 billion mark for the year; three have confirmed increases of 15 percent to 20 percent over the same period last year. Banks may be facing dramatic losses thanks to the credit crunch, but U.K. law firms continue to enjoy economic conditions that have seen them enjoy huge growth in revenues and profits.Trending Stories
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