Portugal's Largest Law Firm, PLMJ, Recently Suffered the Horror of A

Total Page:16

File Type:pdf, Size:1020Kb

Portugal's Largest Law Firm, PLMJ, Recently Suffered the Horror of A E N G N.83 • 04.04.2019 The Man at the Top SPOTLIGHT ON URÍA MENÉNDEZ’S SALVADOR SÁNCHEZ-TERÁN Outlook WHAT THE FUTURE HOLDS FOR SPAIN AND PORTUGAL’S LAW FIRMS M&A Market AT WAR WITH THE ‘BIG FOUR’ In-house: Portugal LEONOR PISSARRA (NOVARTIS): TALENT SPOTTING In-house: Spain FRANÇOISE PLUSQUELLEC (CITI PRIVATE BANK): BREAKING DOWN BARRIERS LIVING A NIGHTMARE Portugal’s largest law firm, PLMJ, recently suffered the horror of a cyberattack that resulted in highly confidential information being published – with such attacks on the increase, what should law firms do to minimise the risk of becoming victims? LO QUE MEJOR HACEMOS EN EL SUR. EDITORIAL A NEW ERA FOR THE IBERIAN LEGAL COMMUNITY by ben cook Welcome to the all-new Iberian Lawyer magazine! The aim of this new publication is to ‘change the game’ with regard to media coverage of the Spanish Wand Portuguese legal markets. 444 Iberian Lawyer 83 | 3 EDITORIAL Over a number of years, Iberian Lawyer has built a reputation for well-researched authoritative journalism. The new style magazine will aim to further build on this reputation, while, at the same time, combining in-depth analysis with the most up-to-date news from the Spanish and Portuguese legal sectors. In addition, the Iberian Lawyer website will be enhanced in order to create the most up-to-date daily online information platform covering the Iberian legal market. The re-launched magazine and website will breathe new life into what is our fundamental passion: high quality, insightful journalism. The new, re-shaped content will thoroughly modernise legal business writing and use a more innovative method of storytelling to convey ideas OUR EDITORIAL POLICY regarding the major issues that are affecting IS TO COVER ALL THE lawyers in Spain and Portugal. VIEWS, PERSPECTIVES Iberian Lawyer has always prided itself on the strong personal relationships it has with you, our AND OPINIONS WE HEAR readers. We aim to strengthen these relationships AND, IN DOING SO, by paying closer attention to the people that ENSURE WE PROVIDE THE make up the thriving Iberian legal sector. The concept of the Iberian ‘legal community’ is at the MOST COMPREHENSIVE heart of all we do. COVERAGE OF THE IBERIAN Together with you, our readers, the key LEGAL MARKET AVAILABLE protagonists in the story of the Iberian legal community, we will become the number one point of reference for the Spanish and Portuguese legal markets. Our editorial policy is to cover all the views, perspectives and opinions we hear and, in doing so, ensure we provide the most comprehensive coverage of the Iberian legal market available. We hope this gives you an understanding of the unique nature of this project. Together with you, our readers, we are confident we will create a legacy of which we can all be proud. We are very excited to be embarking on this new era for Iberian Lawyer. We are sure you will enjoy the results. Thank you all for your tremendous support and here’s to an exciting future together! 4 | Iberian Lawyer 83 4 | Iberian Lawyer 83 CONTENTSSOMMARIO On the move 08 FORMER SPANISH DEPUTY PM JOINS CUATRECASAS N 83 | 04.04.2019 On the web Chief Editor 18 ALL EYES ON TELECOM [email protected] in collaboration with [email protected] [email protected] M&A Market Group Editor-in-Chief [email protected] 30 AT WAR WITH Managing Editor of Iberian and LatAm publications THE ‘BIG FOUR’ [email protected] Contributors [email protected] Outlook [email protected] [email protected] 42 PREDICTING [email protected] [email protected] THE FUTURE Group Art director [email protected] • kreita.com CYBERATTACKS collaboration from LC Italy Diversity [email protected] 36 LIVING 54 WOMEN INSPIRING Managing Director [email protected] A NIGHTMARE CHANGE Regional Director Iberia & Latin America [email protected] Group Coo In-house: Training [email protected] 62 UPPING YOUR GAME Group Communication and Business Development Director [email protected] International arbitration Projects & Events Coordinator [email protected] 68 REVOLUTION IN THE AIR Sales Director [email protected] Tax report Commercial Director [email protected] 72 DANGEROUS LIAISONS Administration Officer SPOTLIGHT [email protected] THE MAN AT THE TOP Editor 22 Africa report Iberian Legal Group SL Calle Lagasca 138 - 28006 Madrid 84 THE WAITING GAME Tel. +34 91 563 3691 - [email protected] www.iberianlawyer.com - thelatinamericanlawyer.com The publisher and authors are not responsible for the results of any actions (or lack thereof) taken on the basis of information in this publication. Readers should obtain advice from a qualified professional when dealing with specific situations. Iberian Lawyer is published 11 times a year by Iberian Legal Group SL. © Iberian Legal Group SL 2019 - April 2019 Copyright applies. For licensed photocopying, please contact [email protected] Editorial policy Iberian Lawyer provides a window on the Iberian legal profession for domestic and international law firms and general counsel. The IN-HOUSE: SPAIN IN-HOUSE: PORTUGAL magazine is funded by subscribers and advertisers, as well as sponsoring law firms that provide the Legal Updates and Profiles BREAKING DOWN TALENT within the Special Reports. 46 50 Legal Deposit BARRIERS SPOTTING M-5664-2009 6 | Iberian Lawyer 83 SOMMARIO Forty UNDER40 Submission period now open Deadline: 24 May 2019 For more information please visit www.iberianlawyer.com or email [email protected] SAVE THE DATE 26th September 2019 Madrid 6 | Iberian Lawyer 83 ON THE THE MOVE MOVE COMPLIANCE Former Spanish deputy PM joins Cuatrecasas Former Spanish deputy prime minister Soraya Sáenz de Santamaría has joined Cuatrecasas as a partner. Sáenz de Santamaría (pictured) will lead the firm’s corporate compliance practice. With a law degree from the University of Valladolid, Sáenz de Santamaría joined the State Bar Association in 1999. In addition to being the former deputy prime minister, she has been a cabinet minister with responsibility for the Spanish territories. She said: “I am delighted to return to practicing law together with the magnificent team of Cuatrecasas professionals, from whom I hope to continue learning for years to come.” Cuatrecasas senior partner Rafa Fontana said Sáenz de Santamaría was “an exceptional lawyer who has shown her value and great management skills throughout her professional career. The partners of the firm are very happy that she has decided to renew her commitment to the legal profession with Cuatrecasas. We are convinced that her enormous talent will be highly valued by clients who need comprehensive advice in corporate compliance.” ‘BIG FOUR’ Two EY partners leave for Fieldfisher Jausas Fieldfisher Jausas has recruited two partners from EY, banking and finance specialistJesús Estévez (pictured) and tax lawyer Elizabeth Malagelada. Estévez and Malagelada lead a team of seven professionals leaving EY for Fieldfisher Jausas. Estevez was a partner at EY for four years, prior to that he spent four years as a partner at Baker McKenzie. His expertise includes advising financial institutions on structured finance deals. Malagelada spent more than six years at EY. She specialises in providing tax advice to financial institutions. Independent and international WIDELY REGARDED AS ONE OF THE LEADING CORPORATE BOUTIQUES IN SPAIN Banner2018_174x52_AAFFtz.indd 1 25/7/18 20:10 ON THE MOVE M&A Garrigues recruits PLMJ partner Garrigues’ Oporto office has recruited PLMJ’s corporate and M&A partner Tomás Pessanha. MANAGING PARTNER Pessanha has been a partner Dentons appoints Jesús Varela at PLMJ since 2007. He has as Spain managing partner considerable expertise advising private Dentons has appointed Jesús Varela as Spain managing equity funds, as partner for a three-year term. well as having Varela (pictured) is head of the firm’s real estate practice in experience in Madrid. His expertise includes real estate financing, real restructuring estate investment and M&A. and insolvency His clients include banks and other lenders, as well as cases. real estate investors and debt traders. He has significant Pessanha began experience in debt portfolio trades, property financing and his legal career private equity deals in the real estate sector. at José Maria Varela takes over from José María Buxeda, who has Calheiros & served as Spain Managing Partner since 2007. A Dentons Associados statement said that, under Buxeda’s leadership, Dentons before moving achieved “double-digit revenue growth in each of the last to PMBGR - three years”. Pena Machete Varela will continue to advise clients in his new role. The Botelho Moniz Dentons statement added that Varela will “work closely” Nobre Guedes with Nieves Briz, Dentons’ Barcelona office managing Ruiz. He later partner. joined PLMJ and Tomasz Dąbrowski, chief executive officer of Dentons took up the role Europe, said: “As the EU’s fifth largest economy, Spain of head of the offers not only exceptional opportunity for our clients, but firm’s office in also excellent growth potential for our firm – as part of our Oporto in 2009. Europe market position strategy, we will focus intensively on investing in our presence in the Spanish market.” Iberian
Recommended publications
  • Mergermarket League Tables of Legal Advisers to Global M&A for Full Year
    January 10, 2008 mergermarket league tables of legal advisers to global M&A for Full Year 2007 Contacts: Table of Contents: Europe Global League Tables and Data 2-4 Nancy Costantinopoli (deal queries, submissions, etc.) European League Tables 5-13 [email protected] North American Tables 14-17 Asia-Pacifi c League Tables 18-22 Hannah Bagshawe (PR) Global M&A Breakdown 23 [email protected] Criteria 24 Tel: +44 20 7059 6118 About mergermarket 25 North America Jennifer Ruiz (deal queries, submissions, etc.) [email protected] Tel: +1 212-686-3016 Hannah Bagshawe (PR) [email protected] Tel: +44 20 7059 6118 Asia-Pacifi c Carrie Ho (deal queries, submissions etc) [email protected] Tel: + 852 2158 9725 Seye Im (PR) [email protected] Tel: +852 2158 9706 mergermarket M&A league tables of legal advisers 2007 - January 10, 2008 Page 1 Global League Tables of Legal Advisers League Table of Legal Advisers to Global M&A: Value League Table of Legal Advisers to Global M&A: Volume Y/E Y/E Value No of Y/E Y/E Value No of 2006 2007 Company Name (USDm) Deals 2006 2007 Company Name (USDm) Deals 2 1 Sullivan & Cromwell 833,016 162 4 1 Latham & Watkins 409,513 374 1 2 Skadden Arps Slate Meagher & Flom 726,876 271 2 2 Clifford Chance 687,515 360 5 3 Freshfi elds Bruckhaus Deringer 721,579 326 1 3 DLA Piper 74,148 351 10 4 Clifford Chance 687,515 360 3 4 Linklaters 610,947 333 13 5 Allen & Overy 625,862 310 6 5 Freshfi elds Bruckhaus Deringer 721,579 326 4 6 Linklaters 610,947 333 7 6
    [Show full text]
  • 2018-Am-Law-100-Insi
    The Am Law 100’s Hard‐Won Profitability Growth and the Changed Dynamics of Competition Insights for Partners From a Decade of Upheaval Hugh A. Simons and Nicholas Bruch May 8, 2018 1 Hello my name is Nicholas Bruch [email protected] @NicholasBruch Hugh A. Simons [email protected] @SimonsHugh Preview: Today’s storyline Review of the past decade reveals stark changes in how law firms must manage themselves to improve profitability significantly and sustainably. 1. As firms realized the economy wasn’t going to bail them out, most turned to “management”—actively managing partner capacity, leverage, and costs—to get back to rising profitability. 2. “Management” has proven so effective it has undermined long‐held tenets of strategy: • The market is no longer consolidating—a firm doesn’t have to bulk up so as not to be on the wrong side of consolidation. • The market isn’t bifurcating by size or profitability— there are no such fault line firms need to be on one side of. • Mergers aren’t creating advantage: merged firms are under‐performing their peers. • Building out global footprints is weakening, not strengthening, domestic positions. 3 Takeaways for partners 1. Help leaders to not do stupid stuff. 2. Let leaders manage • Particularly: let leaders manage numbers of equity partners and leverage. • Also: encouraging delegation (i.e. leverage in action); controlling costs, etc. 4 1. Don’t do stupid stuff. Go after lightly‐differentiated work with low leverage. Have the range of partner comp be narrower than the range of economics of individual partners’ practices. Grow by planting flags around the globe.
    [Show full text]
  • Law Firm Report Sample Firm
    Law Firm Report Sample Firm NB: Data used in this sample report is for illustration purposes only Disclaimer: All information contained in this report is derived from Legal Monitor research and information available in the public domain. Worldwide Legal Research does not make any representations or warranties, expressed or implied, as to the accuracy or completeness of the data and information provided in this report. While Worldwide Legal Research has made every effort to ensure that the information in this report is correct, it does not assume any liability to any party for any loss or damage caused by the use of this report or any errors or omissions therein. Contents Financial Analysis [Date range (2008-2012)] Revenue 3 Profit 4 People 5 Profit & Loss Account 5 Underlying data table 6 Annual Profit Bridge 7 Law Firm Partner Data [Date Range (2009-2012)] Partners across all regions 8 Partners in Asia 10 Partners in Continental Europe 11 Partners in Eastern Europe 13 Partners in the Middle East 14 Partners in North America 15 Partners in the UK 17 Underlying data table 19 Lateral Partner Analysis [Date Range (2009-2012)] Lateral Partner Hires 2009-2012 20 Lateral Partner Hires 2009 21 Lateral Partner Hires 2010 22 Lateral Partner Hires 2011 23 Lateral Partner Hires 2012 24 Lateral Partner Hires - Data (2009-2012) 25 Lateral Partner Leavers - Data (2009-2012) 26 Partner Promotions Analysis [Date Range (2009-2012)] Partner Promotions 2009-2012 27 Partner Promotions 2009 28 Partner Promotions 2010 29 Partner Promotions 2011 30 Partner
    [Show full text]
  • Anne Jeavons
    3 Verulam Buildings WC1R 5NT DX: LDE 331 Gray’s Inn, London. Telephone: +44(0)20 7831 8441 Barristers regulated by the Bar Standards Board Anne Jeavons Email Address: [email protected] Year Of Call: 2008 Anne has a commercial practice specialising in banking and financial services, civil fraud, civil recovery, insolvency and professional negligence. Anne has been consistently listed in Chambers and Partners since 2013, when she was rated as a ‘Star of the Bar’ (Five Years’ Call and Under). She is described as “Very level-headed, smart, responsive, commercial, good technically and a pleasure to deal with.” Anne is regularly instructed as junior counsel in complex commercial disputes, most recently representing Hertz in Ryanair D.A.C. v Hertz Europe Limited, listed as a Top 20 case of 2018 by The Lawyer. In addition to acting as a junior, Anne also regularly appears as sole counsel in the High Court and County Court, with particular emphasis on banking disputes, debt claims (including Consumer Credit Act agreement claims), possession hearings and 'bank charges' disputes. Anne also has particular experience of retail banking disputes, most recently, advising in respect of allegations of mis-selling of interest rate products. Anne also undertakes a significant amount of asset recovery work, and is a member of the Serious Fraud Office’s Panel of Counsel (Proceeds of Crime). Before coming to the Bar, Anne qualified as a solicitor at Linklaters LLP (2005-2007) and was an associate in the commercial litigation department (2007-2008), where she advised on contractual disputes, commercial fraud, pension disputes and a large Serious Fraud Office investigation, all invariably with a significant international element.
    [Show full text]
  • Change Places for Firms and Vendors
    The Orange Rag www.legaltechnology.com February’s big deals Mills & Reeve select Recommind Mills & Reeve has become the latest UK firm to select Recommind’s Mindserver enterprise search system to power it’s knowledge management platform. Blackadders have a cunning workflow All change places for The private client department at Dundee- based Blackadders has implemented a firms and vendors new Executry/Probate BPM/workflow There’s a lot of movement taking place in law firm and system from FloSuite. The firm says the supplier senior management. At Osborne Clarke, which system, which handles both testate and has just announced a £50 million, 7 year outsourcing deal intestate matters, has already generated with Integreon, among the 75 staff moving from the firm to efficiency gains of around 50% in the Integreon (under the TUPE deal) are chief operating officer processing of executries. Chris Bull, who joins Integreon as European COO with immediate effect, plus the firm’s infrastructure & IT head Two more sign up for Litera Nathan Hayes and head of information services Eleanor Two more UK law firms – Thomas Eggar Windsor. At LexisNexis, Aamir Yusuf, the head of and Freshfields Brickhaus Deringer – have development for the practice & productivity management selected the Litera Corp’s Change-Pro business (aka the old Axxia and Visualfiles operations) has ‘total document comparison’ software. resigned and will join the IRIS Group once he’s cleared his The Litera system is claimed to be the only 3 month notice period. Meanwhile the LexisNexis team product that can compare all aspects of a has been joined by Peter Dye and Matt Gregg as, document, including embedded objects respectively, commercial director (corporate & public (Excel, Visio), and inserted images (jpeg, sector) and head of professional services.
    [Show full text]
  • 3 Hammonds 110 4 Linklaters 109 5 Allen & Overy 102
    Corporate Strategy & Finance Mid-Market M&A - It’s what we do In testing times, Hammonds has continued to be very active in Mid-Market mergers and acquisitions. We were recently recognised for our standing in this market by being ranked third in the Top Mid-Market advisers based on levels of activity over the last three years. POSITION FIRM DEAL COUNT 1 DLA Piper 323 2 Eversheds 175 3 Hammonds 110 4 Linklaters 109 5 Allen & Overy 102 Source: Top 10 UK Mid-Market advisers by volume: 13 July 2006 - 12 July 2009 - published by the Legal Week in conjunction with Mergermarket Berlin Leeds Manchester Hammonds LLP Hammonds LLP Hammonds LLP Unter den Linden 14 2 Park Lane Trinity Court 10117 Berlin Germany Leeds LS3 1ES 16 John Dalton Street Telephone +49 30 7261 68 000 Telephone +44 (0)113 284 7000 Manchester M60 8HS Fax +49 30 7261 68 001 Fax +44 (0)113 284 7001 Telephone +44 (0)161 830 5000 Fax +44 (0)161 830 5001 Birmingham London Munich Hammonds LLP Hammonds LLP Hammonds LLP Rutland House 7 Devonshire Square Karl-Scharnagl-Ring 7 148 Edmund Street London EC2M 4YH 80539 Munich Germany Birmingham B3 2JR Telephone +44 (0)20 7655 1000 Telephone +49 89 207 02 8300 Telephone +44 (0)121 222 3000 Fax +44 (0)20 7655 1001 Fax +49 89 207 02 8301 Fax +44 (0)121 222 3001 Brussels Madrid Hammonds LLP Hammonds LLP Avenue Louise 250 Plaza Marques de Salamanca 3-4 Box 65 28006 Madrid Spain 1050 Brussels Belgium Telephone +34 91 426 4840 Telephone +32 2 627 7676 Fax +34 91 435 9815 Fax +32 2 627 7686 3242/10/09 Paris• Hong Kong• Beijing+ Hammonds Hausmann
    [Show full text]
  • LW3007 P4 Table BW.Indd
    Top 50 special 2008-09 in numbers: firm by firm Rank Firm Revenue Change in Average Change in Revenue per Total Change in Total equity Leverage (07-08) (£m) revenue PEP (£k) PEP lawyer (£k) partners total partners partners ratio: 1 1 (2) Linklaters 1,298.0 0.4% 1,302.0 -9.6% 589.5 499 -4.0% 422 4.2 2 (3) Freshfields Bruckhaus Deringer 1,287.0 9.3% 1,443.0 0.6% 586.6 442 4.7% 415 4.3 3 (1) Clifford Chance 1,262.0 -5.0% 733.0 -36.6% 434.7 637 3.9% 412 6.0 4 (4) Allen & Overy 1,091.0 7.4% 1,000.0 -10.9% 531.7 486 2.7% 370 4.5 5 (5) DLA Piper1 (international LLP) 585.0 16.3% 645.0 -6.4% 251.4 593 3.0% 176 12.2 6 (6) Lovells 531.0 10.9% 586.0 -11.3% 354.0 352 3.2% 240 5.3 7 (7) Herbert Smith 444.0 5.3% 845.0 -18.4% 427.8 238 3.9% 137 6.6 8 (8) Slaughter and May 8 431.6 3.0% 1,540.0 -5.0% 784.7 130 -1.5% 124 3.4 9 (9) Eversheds 365.9 -6.3% 404.0 -26.8% 293.4 334 -2.9% 145 7.6 10 (11) Norton Rose 314.0 5.7% 517.0 -17.3% 315.3 264 7.3% 172 4.8 11 (10) Ashurst 301.0 -6.8% 673.0 -35.3% 356.6 230 16.8% 144 4.9 12 (12) Simmons & Simmons 291.3 0.7% 520.0 -19.6% 378.8 232 2.7% 133 4.8 13 (13) CMS Cameron McKenna 240.0 2.1% 554.0 -15.4% 305.7 194 15.8% 122 5.4 14 (15) Pinsent Masons 215.0 0.9% 310.0 -36.2% 229.0 280 6.9% 117 7.0 15 (21) Bird & Bird 186.3 29.6% 481.0 -6.6% 264.3 202 28.7% 72 8.8 16 (19) Clyde & Co 185.0 17.8% 550.0 0.0% 342.6 151 6.3% 88 5.1 17 (14) SJ Berwin 184.0 -14.4% 410.0 -48.8% 312.4 171 -2.8% 97 5.4 18 (17) Berwin Leighton Paisner 180.0 -2.7% 414.0 -33.2% 241.3 193 10.3% 86 7.7 19 (16) Addleshaw Goddard 173.1 -11.4% 405.0 -30.9%
    [Show full text]
  • The Legal 500 Recommends 2009 Edition
    The Legal 500 recommends Morrison & Foerster (UK) LLP 2009 edition Morrison & Foerster (UK) LLP Morrison & Foerster (UK) LLP This PDF is an extract of the full recommendations for the firm in the 2009 edition of The UK Legal 500. The attached pages contain all the recommendations for the firm. This document relates to your firm only, to see how your firm has performed against your peers and our full editorial analysis please go to www.legal500.com or refer to the printed book. Foreign Firms US firms in London Leading US lawyers at US law firms in London | Dual US/UK law capability - 51-100 fee-earners London Corporate and commercial Flotations - small and mid-cap | M&A - lower mid-market deals, £50m-£250m | Outsourcing and procurement | Venture capital Dispute resolution Commercial litigation Finance Debt capital markets | Derivatives and structured products TMT (technology, media and telecoms) IT and telecoms | Pharmaceuticals and biotechnology ©Legalease 2009 US FIRMS IN LONDON Overview Leading US lawyers at US law firms in London Camille Abousleiman Dewey & LeBoeuf Corporate finance George Barboutis Dewey & LeBoeuf Corporate finance Brian Bates Morrison & Foerster (UK) LLP Corporate finance Mark Bergman Paul, Weiss, Rifkind, Wharton & Garrison LLP Corporate finance Philip Boeckman Cravath, Swaine & Moore LLP Corporate finance Gary Born Wilmer Cutler Pickering Hale and Dorr LLP Arbitration Ian Clark Latham & Watkins Corporate finance Gregory Conway Simpson Thacher & Bartlett LLP Corporate finance Phillip Fletcher Milbank, Tweed, Hadley
    [Show full text]
  • MANCHESTER Exciting – Vibrant - Unique
    MANCHESTER Exciting – Vibrant - Unique The capital for the North of England, Manchester is one of the nations most appealing, youthful and vibrant cities. As the commercial, financial, legal, educational and cultural centre for the region, it is a magnet for company investment and new comers to the area. Manchester has a local population of 2.8 million, with 11 million people living within 1 hours drive. It also hosts one of Europe’s largest student populations!! OVERVIEW: WHAT THE CITY HAS TO OFFER TRANSPORT INFORMATION WHERE TO LIVE (AREAS & HOUSE PRICES) WHERE TO STAY EDUCATIONAL INFORMATION THE LEGAL WORLD IN MANCHESTER OTHER USEFUL INFORMATION WHAT THE CITY HAS TO OFFER CULTURE – Manchester is home to many world-class museums including the Daniel Libeskind’s Imperial War Museum, the Museum of Science and Industry, the interactive Urbis centre, and the Manchester Art Gallery. All these buildings host many wonderful permanent and touring exhibitions. If the theater is more your thing, there are endless options at a variety of venues. Take in a show at the Royal Exchange, the Lowry, the Palace Theatre or the MEN arena- which attracts international performers such as Justin Timberlake, Take That, Beyonce and Lionel Richie to name a few. For more information on up coming performances and exhibitions check out www.visitmanchester.com SHOPPING - With an array of high-street shops in the heart of the city, clusters of independent boutiques in the Northern Quarter and designer stores including Harvey Nichols and Selfridges, Manchester has
    [Show full text]
  • Year End 2008 Legal Advisors.Indd
    press release mergermarket Global M&A Round-up for Year End 2008 8 January 2009, for immediate release Contact: Hannah Bagshawe [email protected] Tel: +44 20 7059 6118 www.mergermarket.com mergermarket Global M&A Round-up Year End 2008 ‘Tumultuous fourth quarter emphasizes challenging year for dealmakers as M&A subsides’ What do dealmakers do in a year that has seen the worst fi nancial crisis since the Great Depression? Not much, as the numbers show. 2008 saw deal values and Contents volumes drop back to the level they were at three years ago with the credit crisis wreaking havoc on the fi nancial services industry. Section 1: M&A for Q408 hits 5-year lows; Asia-Pacifi c M&A overtakes North America for fi rst time The last quarter of 2008 saw plenty of M&A lows not seen for several years with 2,047 announced deals valued at $490bn globally – it was the worst quarter by p. 2 - 8: Global value since Q3 2004 ($343bn); and the worst fourth quarter since fi ve years ago by both value and volume (just over 2,000 deals valued at $367bn in Q4 2003). Section 2: North American deal values dipped a massive 67% compared to the previous quarter (from $302bn in Q3 to just under $100bn in Q4), leaving North American deal values less than the Asia-Pacifi c region for the fi rst time on record. p. 9- 20: Europe Section 3: Asia-Pacifi c sheltered but not immune; good Q4 but overall decreases for the full year In contrast, in the same quarter the Asia-Pacifi c region saw a 37% increase on the previous quarter’s $74bn worth of deals.
    [Show full text]
  • Partner Moves January
    Lateral Partner Moves in London January/February 2011 Berwin Leighton Paisner DMH Stallard The Financial Services Regulatory practice has hired In the London office Jonathan Deverill joined the non-contentious FS partner Jacob Ghanty from Corporate department from Canadian firm Stikeman Pinsent Masons and the former Head of Financial Elliott and Employment partner Blair Adams joined Services at DLA Piper, Daren Allen, joined the from Scottish firm Shepherd & Wedderburn. contentious side of the practice. DWF Berrymans Lace Mawer The North-West firm has increased the London Healthcare Litigation partner Mark Shaw has joined office capacity with the hire of Insurance partners from niche Health-Sector firm Hempsons. Ashley Mahon from Plexus Law and Joseph Arazi from Barlow Lyde & Gilbert. Bird & Bird Media & IP partner Phil Sherrell has moved from the Edwards Angel Palmer & Dodge London office of Eversheds. The corporate department has hired M&A/Private Equity partner Niall McAlister from CMS Cameron Browne Jacobson McKenna and CIS specialist Eero Rautalahti from The London office of the Midlands firm has recruited Curtis-Mallet. Real Estate Litigation specialist Kate Andrews from HBJ Gateley Wareing. Field Fisher Waterhouse Former head of the London office of US firm Charles Russell Howrey, Mark Hodgson, joined as an IP partner. IP partners Ian Wood and Mary Bagnall joined from Mayer Brown. Finers Stephens Innocent Employment partner David Evans has joined from CMS Cameron McKenna Edwin Coe. US qualified Securities lawyer Daniel Winterfeldt arrived from Simmons & Simmons. Fried Frank Harris Shriver & Jacobson The New York firm has recruited Simmons & D Young & Co Simmons Corporate partner and former barrister Ashurst IP Litigation partner Ian Starr and associate Richard May to its London office.
    [Show full text]
  • 288385922.Pdf
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Loughborough University Institutional Repository This item was submitted to Loughborough’s Institutional Repository (https://dspace.lboro.ac.uk/) by the author and is made available under the following Creative Commons Licence conditions. For the full text of this licence, please go to: http://creativecommons.org/licenses/by-nc-nd/2.5/ Balancing London? A preliminary investigation of the “Core Cities” and “Northern Way” spatial policy initiatives using multi- city corporate and commercial law firms Peter J. Taylor, Michael Hoyler, David M. Evans and John Harrison Department of Geography, Loughborough University Loughborough LE11 3TU, UK Abstract This paper reports a preliminary investigation into the economic efficacy of two spatial frameworks – English Core Cities and the Northern Way – recently promoted by national policy makers. We ask whether they are consistent with contemporary economic process in the UK space economy through analyses of commercial multi-city law firms. The latter are treated as an ‘indicator sector’ to define the contemporary UK space economy as practised by law firms. Within this new space of flows, the location strategies of the law firms do confirm the salience of the Northern Way (as trans-Pennine corridor) and Core Cities as part of a larger UK metropolitan space of flows. Conflating the two spatial frameworks leads us to identify hints of a rebalancing of London within a metropolitan UK space. A Manchester polycentric mega-city region is found to be the likely candidate for this role. This finding in no way impinges on London’s dominant global role and we conclude that perhaps mutuality between London and provincial cities is beginning to replace past negative dependency relations.
    [Show full text]