Hints and tips:
...The proposed deal represents the first merger between a London-based magic circle firm and an American rival since Clifford Chance joined up with Rogers & Wells in 2000....
...After abandoning a merger with Los Angeles firm O’Melveny & Myers in 2019 following a failure to agree a valuation, A&O had been going it alone — opening offices in Boston, San Francisco, Los Angeles and...
...In 2019, talks between London-based “magic circle” law firm Allen & Overy and Los Angeles group O’Melveny & Myers collapsed after the two sides failed to agree on a valuation for the combined business....
...Both firms had also learned lessons from previous failed mergers: in A&O’s case, collapsed talks with California-headquartered O’Melveny & Myers, which ground to a halt in 2019 after 18 months of negotiation...
...After abandoning a merger with Los Angeles firm O’Melveny & Myers in 2019 following a failure to agree a valuation, A&O has struck out on its own in the US in recent years....
...Since abandoning a merger with US law firm O’Melveny & Myers in 2019, Allen & Overy has backed its American ambitions with investment....
...the largest global firms, such as Baker McKenzie ($2.9bn) or DLA Piper ($2.8bn), generate big revenues but are far less profitable, while annual turnover at the UK’s “magic circle” elite firms such as Clifford...
...Clifford Asness, the founder of one of the world’s biggest hedge fund groups AQR, says blaming quantitative strategies for the recent market turmoil is “insane”....
...Clifford Chance, another member of the magic circle, merged with New York firm Rogers & Wells in 2000....
...Clifford Chance acted as legal advisors to CIC....
...It is the eve of the Big Bang and on the floor of the London Stock Exchange gentlemen stockbrokers from firms such as Seligman Harris, Phillips & Drew, Capel Cure Myers and Quilter & Co give orders to jobbers...
...(WSJ) David Jones has agreed a A$2.15bn (US$2bn) takeover by South African retailer Woolworths, which trumps a merger approach from rival Australian department store group Myer....
...Last week, a case was dismissed in a New York court brought by Jacoby & Myers, a personal injury firm....
...“These are the industries that are most heavily covered by analysts in the US, and where companies can get the best valuations,” said Alex Lloyd, a partner at Clifford Chance in Hong Kong....
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