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Barclays overhauls legal team to create global litigation and financial crime group

Barclays has overhauled its legal function to create a streamlined global litigation group reporting directly to its general counsel and has also launched a new global financial crime team. The bank has promoted current senior lawyer Stephanie Pagni to a newly created role as global litigation head and put current litigation and investigations director Jonathan…

Olswang bulks up Munich patent team with former Eversheds partner

Olswang has hired seven lawyers for its German patent team, including the former head of legacy Hammonds’ Munich office, Herbert Kunz. Kunz has joined the firm as a partner, alongside five other lawyers from his boutique firm Dr Kunz & Kollegen. Olswang has also hired Tobias Reker as a legal director from an in-house role…

China’s Fangda poaches second Freshfields partner

Chinese firm Fangda has hired Freshfields Bruckhaus Deringer’s China antitrust head Michael Han as a partner in Beijing, its second lateral hire from the magic circle firm in two years. Han joined Freshfields’ Beijing office in November 2007 as a senior counsel after spending a year and a half with the firm’s US antitrust practice…

Partners give approval to Patton Boggs Squire Sanders merger

Partners at Squire Sanders and Washington DC-based Patton Boggs have agreed to merge the firms and new outfit Squire Patton Boggs will launch within a week. The combined firm will have 1,700 lawyers in 45 offices across 22 countries. It will give Patton Boggs the international platform its clients are increasingly demanding and Squire Sanders…

Ashurst advises Genworth on Australia's largest IPO of 2014

Ashurst has advised Genworth Mortgage Insurance Australia Limited (Genworth Australia) on its initial public offering (IPO). Genworth Australia was listed on 20 May 2014 with a market capitalisation of around $1.7 billion at listing, and will be included in key Australian indices. The IPO, which is the largest in Australia to date in 2014, is…

Ashurst former senior partner hired as strategic adviser by Chinese ally

Ashurst’s former senior partner Geoffrey Green has been appointed as a strategic adviser by its Chinese alliance firm Guantao as the firm puts its long-term strategy under review. Green, who was as Ashurst’s senior partner between 1998 and 2008, will advise Guantao on management, strategic planning and business development issues. The part-time role will not…

Linklaters advises on first Chinese RMB bond issuance in the Eurozone

15 May 2014 – Linklaters has advised the Bank of China on its first offshore Renminbi (RMB) ‘Schengen bond’. This bond, which will be listed on the Euro MTF market of the Luxembourg Stock Exchange, means that the Bank of China to be the first Chinese mainland company to issue RMB bonds in the Eurozone….

Weightmans promotes first non-lawyer partner after gaining ABS licence

Weightmans has announced the promotion of seven partners, including its first non-lawyer partner, marketing director Sarah-Jane Howitt. Howitt is promoted to the fixed-share partnership alongside six lawyers from across the firm’s offices and practice areas. Weightmans became one of only a handful of top-50 firms to gain an ABS licence late last year (23 December…

Addleshaws transaction services chief quits for DWF

Addleshaw Goddard’s former employment head, client relationship manager and the mastermind of the transaction services offering, Andrew Chamberlain, is to join DWF as employment head. The shock move comes just days after the firm voted in John Joyce as managing partner (16 May 2014) succeeding Paul Devitt who stood down from the role a year…

Ashurst advises Berenberg Bank on the financing of the acquisition of confectionery group Hussel

Ashurst advised Joh. Berenberg, Gossler & Co. KG (Berenberg Bank) on the financing of the acquisition of confectionery specialist Hussel by Munich-based private equity fund Emeram Capital Partners. The loan agreement was signed on 25 April 2014. Berenberg acted as super senior lender. The loan was provided by debt fund Avenue Capital in the form…