• News

News

Latest News

Global business firms lead the international pack in African relationships

The largest global business firms, such as Baker & McKenzie, Dentons, DLA Piper, Herbert Smith Freehills (HSF) and Norton Rose Fulbright, have the deepest relationships with African independents, research by The Lawyer has indicated. Leading independent firms interviewed for The Lawyer Africa Elite 2014, published on Monday (31 March) named those international firms adopting a…

Irwin Mitchell taps trio of banks for £90m funding facility

Irwin Mitchell has secured a £60m rolling banking facility along with an additional £30m buffer in a joint deal with HSBC, Lloyds and Royal Bank of Scotland (RBS). The finance package replaces the firm’s existing overdraft and is committed for a four-year period initially. According to the firm’s latest LLP filing, its overdraft facility increased…

Elite 'red circle' firms Zhong Lun and Jun He plot merger as consolidation grips China legal market

China’s top-tier firms Jun He and Zhong Lun are in discussions about a possible merger, in a move that would create the largest firm by revenue in China. Insiders said the firms had recently signed a confidentiality agreement about the merger, with talks reaching the due diligence stage. Senior partners at both firms have been…

Minter Ellison appoints former PwC Australian senior partner as new chief

Australian firm Minter Ellison has appointed former PricewaterhouseCoopers (PwC) Australian senior partner and chief executive Tony Harrington to succeed outgoing chief executive John Weber. Harrington’s appointment comes four months after the formal announcement of Weber’s decision to step down from the top management role in November 2013 (28 November 2013). He has been at the…

Zhong Lun targets Chinese top three with 22-partner Kaiwen acquisition

Chinese firm Zhong Lun has bolstered its domestic practice through the acquisition of legacy Beijing firm Kaiwen, two years after the firm agreed a merger with Beijing-based capital markets boutique Grandway. The large-scale bolt-on was approved by Zhong Lun’s partnership during its annual partnership conference earlier this month and will add a team of 22…

European M&A dominated by US firms in Q1 2014 as market bounces back

The European M&A market has ballooned by more than a third in the first quarter of 2014 compared to the same period last year, with US firms dominating the rankings. According to Thomson Reuters’ preliminary rankings for Q1 2014, the European market increased in value by more than 37 per cent on the first quarter…

Contenders emerge to take Freshfields London corporate crown

Freshfields Bruckhaus Deringer has is about to kickstart the hunt for a London corproate head with former Asia managing partner Simon Marchant and deal-maker Julian Makin emerging as early frontrunners. The consultation process to appoint a new leader will kick off in the next few weeks with the aim of filling the position by mid…

Paul Weiss brings in London practice chief to look after best friends network

The London office of Paul Weiss has hired a practice development specialist to manage its referral relationships in the UK. The New York firm, which does not currently have any English law capability, operates a best friends network with firms that include Slaughter and May, Nabarro and Macfarlanes. Former Baker & McKenzie business development manager…

Morgan Cole and Blake Lapthorn to create £72m firm post July merger

Blake Lapthorn is set to merge with Morgan Cole on 1 July 2014 to create a firm with a combined turnover of £72m. The merged firm will be named Blake Morgan. It is to be led by Blake Lapthorn managing partner Walter Cha, who has overseen four mergers at his firm since 2001. Blake Lapthorn…

Clifford Chance, Simpson Thacher and Travers Smith advise on Pets at Home IPO

Clifford Chance, Simpson Thacher & Bartlett and Travers Smith have all scooped roles on the £1.2bn IPO of Pets at Home. The company’s private equity owners KKR turned to long-time adviser, Simpson Thacher corporate partner Adam Signy, for the listing. Simpson Thacher and Clifford Chance have been jostling for position on the private equity house’s…