A heavyweight line-up of Slaughter and May, Freshfields Bruckhaus Deringer, Dentons, Clifford Chance (CC) and Linklaters have mobilised as construction giant Carillion files for liquidation in one of the largest UK insolvencies for years.
As January draws to a close the deal market continues its robust run, with Simpson Thacher & Bartlett leading the advisers on Blackstone’s headline-grabbing Thomson Reuters carve-out while City leaders deploy for Informa’s £3.9bn takeover of UBM.
For the second time this year, legal powerhouse Slaughter and May has bumped up the salary packet for its trainee solicitors.
City heavyweights Slaughter and May and Freshfields Bruckhaus Deringer have taken the driving seat on the proposed initial public offering (IPO) of Aston Martin, a float reportedly valuing the luxury car maker at £5bn.
Freshfields Bruckhaus Deringer and Linklaters have scored lead mandates on the proposed initial public offering (IPO) of small business lender Funding Circle, while Linklaters advised on the £2bn financing of the Triton Knoll wind farm.
Magic Circle titan Clifford Chance (CC) has announced that its future trainees will receive £10,000 to assist with living costs whilst studying for their Graduate Diploma in Law (GDL).
The deal teams of elite City firms have seen a busy end of July amid several multibillion-pound deals, as the London Stock Exchange (LSE) launched a $27bn bid to acquire Refinitiv and Advent International announced the £4bn acquisition of UK aerospace supplier Cobham. Meanwhile, another private equity house investing in the UK aviation industry, CVC Capital Partners, acquired BBA Aviation’s aircraft parts unit Ontic for $1.37bn.
Allen & Overy (A&O) has published a solid trainee retention rate of 91% for spring 2016. From a total intake of 43, 41 trainees applied for newly qualified (NQ) positions at the firm. 39 offers were then made, with all of them being accepted.
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