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.
Magic Circle firms Freshfields Bruckhaus Deringer and Slaughter and May have rejuvenated longstanding client relationships to win lead roles on Swiss pharmaceuticals giant Novartis’ $13bn sale to GlaxoSmithKline (GSK) of its minority stake in their consumer healthcare joint venture.
Slaughter and May and Freshfields Bruckhaus Deringer have landed key roles on Vodafone’s €18.4bn buyout of Liberty Global European assets, as Vodafone expands its European services.
Freshfields Bruckhaus Deringer has become the first Magic Circle firm to pay its newly-qualified (NQ) solicitors £100,000 a year. The pay rise will take effect from 1 May.
Two opposite developments in the UK high street have seen City and US firms advise as food chain Pret A Manger acquired rival Eat and high-profile British chef Jamie Oliver’s restaurant business went into administration.
Freshfields Bruckhaus Deringer has become the latest firm to increase the amount of financial provision offered to its soon-to-be trainees.
The rundown of this week’s top news stories.
In the customary rush to get deals over the line before the summer lull, the City and US elite have this week lined up on big-ticket transactions including the sale of Moody’s Analytics to Equistone and Slug & Lettuce owner Stonegate’s $3bn acquisition of pub company Ei Group (EIG).
Magic Circle firm Freshfields Bruckhaus Deringer has announced its latest retention rate, with 85% of the February 2013 intake set to remain at the firm. Of the 48-strong cohort, 44 received offers, which 41 of those accepted. This retention rate is a slight improvement on this time last year, when 35 of the firm’s 44 trainees (80%) were retained.
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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