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  • US firm Skadden Arps Slate Meagher & Flom is advising UK Cable company NTL on its aquisition of part of the business of Cable & Wireless communications. Travers Smith Braithwaite are advising NTL on UK law.
  • The proposed three way merger between Clifford Chance, Rogers & Wells and Pünder is set to create the world’s largest law firm. Ben Maiden reports on the reaction of City firms
  • The leading US firms in London talk candidly about the strengths and weaknesses of their capital markets practices. By Rob Mannix
  • US firms have been hired to advise on Europe’s biggest and most recent high yield issue.
  • LeBoeuf, Lamb, Greene & MacRae LLP
  • Pünder Volhard Weber & Axster
  • British telecoms company Cable & Wireless (C&W) has bought Japanese telephone business International Digital Communications (IDC) in the country’s first successful hostile takeover.
  • Bermuda-based Tyco, one of the world’s leading underwater telecommunications providers, is to buy Raychem, a US company that designs, manufactures and distributes electronic components, for $2.87 billion
  • The presence of major international firms is stirring up competition in the Dutch market. Ben Maiden reports on the mergers, alliances and partner poachings which characterize the new Dutch legal market
  • Japan’s Long-Term Credit Bank (LTCB) is selling $11 billion-worth of loans to the GE Capital Corporation, a US financial services group