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Greenberg Traurig lures Dentons real estate co-head with new management slot

US firm Greenberg Traurig has hired Dentons’ global real estate co-head Eric Rosedale to fill a new management position in London. Rosedale, who joined the firm’s London office yesterday (16 June), has taken on a new position as chair of the firm’s international real estate practice. The job essentially means he will be responsible for…

China Life to buy Clifford Chance HQ for £780m

China’s biggest life insurer China Life is set to buy Clifford Chance’s Canary Wharf headquarters in a £780m deal, according to media reports. The state-owned Chinese investor is said to be in high-level talks with property owner Canary Wharf Group (CWG) to buy the 32-floor 10 Upper Bank Street property. There are currently 16 vacant…

Second Ashurst exit in a week as finance partner Thrower quits for Simmons

Finance specialist Simon Thrower has become the latest partner to depart from Ashurst, taking up a new role in Simmons & Simmons’ financial markets team. Thrower, who has been a partner at Ashurst since 1999, has particular expertise in corporate and leveraged acquisition finance, syndicated corporate debt facilities and debt restructuring. Recent transactions have included…

Magic circle among firms to win roles on bumper £2.9bn B&M IPO

A raft of firms including Clifford Chance and Freshfields Bruckhaus Deringer advised on the IPO of discount store chain B&M – the biggest London listing of 2014 so far. The Liverpool-based business saw its shares soar by 6.9 per cent yesterday morning (12 June) to give the company a market capitalisation of about £2.9bn –…

Allen & Overy Aussie head to leave the firm

Allen & Overy’s (A&O) Australian senior partner Grant Fuzi is to leave the firm at the end of this year, four years after he launched the magic circle firm’s offices down under. The announcement regarding Fuzi’s retirement from the firm’s partnership was made internally on Wednesday 11 June. He will remain at the firm for…

Reed Smith managing partner Thomas retains role after contested election

Reed Smith’s global managing partner Alexander “Sandy” Thomas has been re-elected following a contested election. Thomas took over as head of the US firm late year, after long-time incumbent Greg Jordan quit mid-way through a three-year term (3 October 2013). A spokesperson at the time insisted that Thomas had “stood unopposed” for the managing partner…

Kenya takes first steps towards legal market liberalisation

Kenya’s notoriously closed legal market is taking the first steps towards liberalisation with confirmation that a committee has been established to review its Advocates Act. The review could pave the way for foreign firms to open their own offices in the jurisdiction. Currently, independent firms associated with foreign outfits are not permitted to use the…

Thorntons secures three-way Scottish merge

Scottish law firms Thorntons, Murray Donald and Steel Eldridge Stewart are to merge later this year to create the largest law firm in eastern Scotland. The expected £20m firm will be headed up by joint Thorntons managing partners Craig Nicol and Scott Milne and be known as Thorntons. No jobs will be lost in the…

Clydes launches fifth US office with Orange County base

Clyde & Co has hired two partners from US firm Keesal, Young & Logan to establish its fifth US office in Orange County, Southern California. Marine partners Joe Walsh and Frances Keeler launched the office with two associates in temporary office space in Newport Beach today. Walsh will head the team, which will focus on…

Stephenson Harwood and Travers Smith advise on P2PGI IPO

Stephenson Harwood and Travers Smith took key roles on the launch and flotation of peer-to-peer (P2P) loans business P2P Global Investments (P2PGI) on the London Stock Exchange’s main market. The IPO has made P2PGI the first ever UK-listed company dedicated to investing in loans originated by global P2P and online lending platforms. P2P lending platforms…