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CC, Jones Day and Fried Frank advise on $1.5bn private equity buyout
From legalweek.com Clifford Chance (CC) and Jones Day are among a trio of major firms to have won roles on the $1.5bn (£938m) sale of Alcatel-Lucent’s Genesys business to European private equity house Permira. Alcatel-Lucent announced last week (19 October) that it has received a binding offer for its call-centre software company Genesys from Permira.
CC, Jones Day and Fried Frank advise on $1.5bn private equity buyout
From legalweek.com Clifford Chance (CC) and Jones Day are among a trio of major firms to have won roles on the $1.5bn (£938m) sale of Alcatel-Lucent’s Genesys business to European private equity house Permira. Alcatel-Lucent announced last week (19 October) that it has received a binding offer for its call-centre software company Genesys from Permira.
Orrick recruits CC partner in trio of hires for London and Paris offices
From legalweek.com Orrick Herrington & Sutcliffe has added three new partners to its London and Paris offices with a trio of hires from Clifford Chance (CC), Fried Frank Harris Shriver & Jacobson and Fox Williams. CC banking and finance partner Richard Parolai has joined the US firm’s Paris arm, Orrick Rambaud Martel, after 23 years at the magic circle firm, 15 of which he spent as a partner. Meanwhile, Fox Williams partner Kolvin Stone joined Orrick’s City office last week in the intellectual property and technology transactions practice. He was made up to the partnership at Fox Williams last year and spent a total of eleven years at the firm.
Finally, a decisive step: Ashurst’s long journey to a globally transformative merger
From legalweek.com After more than a decade overshadowed by strategic angst and a string of aborted merger attempts, Ashurst has finally travelled halfway around the globe to secure what it hopes will be a transformative deal. The firm’s tie-up with Australian leader Blake Dawson, which was confirmed in a dual partner vote on Friday (23 September), comes after failed merger talks with Latham & Watkins and Fried Frank Harris Shriver & Jacobson in 2000 and 2003 respectively. There is no doubt that the union, which will see the two firms unite under the Ashurst brand and combine operations in Asia next March ahead of a vote on a full financial merger in 2014, represents a major and high-stakes change of direction for the UK firm, which has previously been seen as a byword for City conservatism.
Herbert Smith set for further capital markets exit as Hong Kong partner heads for US firm
From legalweek.com Herbert Smith is set to lose another Hong Kong capital markets partner with the resignation of Carolyn Sng for Fried Frank Harris 
Shriver & Jacobson. Sng, who is UK-qualified, will join the US firm’s local office in the coming months, with a start date yet to be announced. Her move comes on the heels of the exits of four other capital markets partners from the firm’s global practice, all US-qualified, which has taken partner count in the US securities team from nine partners to five 
since July.
Finally, a decisive step: Ashurst’s long journey to a globally transformative merger
From legalweek.com After more than a decade overshadowed by strategic angst and a string of aborted merger attempts, Ashurst has finally travelled halfway around the globe to secure what it hopes will be a transformative deal. The firm’s tie-up with Australian leader Blake Dawson, which was confirmed in a dual partner vote on Friday (23 September), comes after failed merger talks with Latham & Watkins and Fried Frank Harris Shriver & Jacobson in 2000 and 2003 respectively. There is no doubt that the union, which will see the two firms unite under the Ashurst brand and combine operations in Asia next March ahead of a vote on a full financial merger in 2014, represents a major and high-stakes change of direction for the UK firm, which has previously been seen as a byword for City conservatism.
Linklaters and Latham among firms on Virgin Media’s debut legal panel
From legalweek.com Linklaters, Latham & Watkins and Sullivan & Cromwell are among a raft of firms to have won roles on Virgin Media’s inaugural legal panel. The new panel, which will take effect from next year, also includes Ashurst and US firm Fried Frank, both of which are existing advisers to the company.
Linklaters and Latham among firms on Virgin Media’s debut legal panel
From legalweek.com Linklaters, Latham & Watkins and Sullivan & Cromwell are among a raft of firms to have won roles on Virgin Media’s inaugural legal panel. The new panel, which will take effect from next year, also includes Ashurst and US firm Fried Frank, both of which are existing advisers to the company.
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