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What is the difference between a solicitor and a barrister?

If you’ve been researching the legal industry you’ve probably come across the terms barrister and solicitor countless times. You might be wondering what they mean and how they differ from each other in terms of role and responsibilities. 

In very simple terms, the difference between the two is that a barrister stands up and represents clients in court while a solicitor prepares legal documents and mostly works in an office setting. Of course, there are some exceptions to this rule. 

Solicitors 

Most of the time, when people need legal advice, they’ll go and see a solicitor first. Then, if the case or matter needs to go to court, the solicitor will instruct a barrister. If the case deals with a specialist area of law, a solicitor might also ask a barrister to write an ‘opinion’ or a piece of legal advice on the subject.  

Solicitors who work in contentious practice areas, such as litigation, family or employment will do much of the preparatory work, including drafting documents and submitting them to the court, ahead of a hearing.  

Sometimes, litigation solicitors will stand up in court and represent their clients themselves – this is called advocacy. More frequently though, they will instruct a barrister who specialises in a particular area of law to do this on their behalf. 

Many solicitors, particularly those in corporate or City law firms, don’t do any contentious work at all and will never go near a court room. This is common in transactional practice areas such as finance or corporate. A property solicitor specialising in conveyancing (the process of buying and selling houses) is also very unlikely ever to go to court. 

Solicitors are typically employed by a law firm (private practice) or company (in-house) and will receive a monthly salary. Solicitors who have climbed up the ranks of a law firm to become an equity partner will also share in the profits of the firm. 

The career path of a solicitor is roughly as follows: 

Private practice: trainee solicitor – solicitor/associate – senior/managing associate – salary partner – equity partner. 

In-house: trainee solicitor – (junior) legal counsel – senior legal counsel – general counsel. 

Barristers 

Barristers are typically instructed by solicitors to represent a client in court. The solicitor will provide the barrister with details of the case, which the barrister will then study and analyse before presenting their argument in court. 

You may have seen that barristers sometimes wear wigs and gowns in court. This was historically an easy way to distinguish between the different types of lawyer in the court setting. As of 2007, wearing a wig is no longer a requirement in family and civil court proceedings, although some barristers continue to do so.  Barristers in the criminal court still wear wigs. 

Barristers are typically self-employed and work in a chambers or set alongside a number of other barristers. They are responsible, with the help of their clerks, for finding their own work, and each case or matter will be paid for separately.  

Some very experienced barristers will eventually become King’s Counsel (KC). This is a title which can usually only be obtained once a barrister has at least 10-15 years’ experience. KCs are informally referred to as ‘silks’ because of the silk gowns they wear. A KC takes precedence over other barristers in a court setting. 

Training 

The routes to becoming a solicitor or a barrister are different too. 

A solicitor will need to do an undergraduate degree in law or a non-law subject, followed by the Solicitors Qualifying Examination and then a training contract or period of recognised training. 

A barrister will need to undertake a Bar training course after completing their undergraduate degree. Non-law graduates who want to be barristers will also need to do the Graduate Diploma in Law. 

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What is a pupillage?

What is a pupillage? 

Pupillage is the last step of training before qualifying as a barrister. Pupillage starts after you have completed your barrister training course. 

Pupillage lasts 12 months and is split up into two six-month stints, known as ‘first six’ and ‘second six’. Occasionally, pupils also undertake a ‘third six’ before qualification.  

Pupillage is usually undertaken at barristers’ chambers. 

You will be assigned a pupil supervisor for the duration of your pupillage. At some barristers’ chambers you will have several supervisors and you will rotate around them, gaining exposure to different areas of law.

At the end of the 12 months, you will hopefully be offered tenancy at the chambers and be called to the bar. 

 

Breakdown 

The first six is ‘non-practising’ and will typically see you spend six months shadowing a more senior barrister. You will likely accompany your supervisor to court, assist them with research tasks and have a go at drafting documents and court submissions. 

During your second six, you may start to take on your own cases under supervision. The amount of work you will be allowed to take on will depend on your set.  

At large commercial sets the cases may be too complex and high-profile for you to manage yourself, so you will continue to assist your supervisor. But at smaller and more specialist sets, you could be allocated your own small caseload. 

If you are not offered tenancy after your second six, or you decide to change practice areas or chambers, it is sometimes possible to undertake a third six (at a different set). 

When to apply 

Before you can start your pupillage you will need to have completed an undergraduate degree (law or non-law) followed by a Bar training course. The old Bar Professional Training Course (BPTC) has been replaced by a number of new courses, the names of which vary according to the providers. 

Non-law graduates will also have to undertake the Graduate Diploma in Law (GDL) before embarking on a Bar course. 

Law undergraduates should apply for pupillage in the final year of their studies, whilst non-law undergraduates should apply for pupillage during the GDL.  

The Pupillage Gateway is the main recruitment portal for the Bar. The gateway will be open for prospective pupils to browse vacancies from 28 November 2022. Applications open on 4 January 2023 and close on 8 February 2023.

Competition for pupillage is fierce, so if you do not obtain one at this stage, you can of course continue applying after you’ve finished your legal education.

Pay 

You are in training during your pupillage (hence the job title ‘pupil’), but you will still be paid.  

Your pay will come in the form of a pupillage award, and the amount will vary depending on the type and size of chambers at which you are working. Check a set’s website for details of the exact amount of their pupillage award. 

As of January 2022 the rate for the minimum pupillage award is £19,144 for a 12-month pupillage in London and £17,152 outside London. 

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Travers Smith Presentations/Open Evenings 2022

Travers Smith is hosting presentation mornings/evenings over the next couple of months.  The talks will be held at universities and at the firm’s London office. See below for details and dates:

“An award-winning independent City law firm with an entrepreneurial and innovative culture, we are looking for law and non-law students wanting to be challenged from the start of their career.

Join us for a short presentation in which we will cover more about the firm, practical tips for a successful application, and how to impress at interview.

This will be followed by an opportunity to chat informally with partners and trainees over drinks and canapés”

13 October – University of Exeter

13 October – University of Cambridge

18 October – University of Durham

19 October – University of Warwick

25 October –  London

27 October – University of Edinburgh

27 October – University of Oxford

27 October – University of Bristol

3 November – London

 

 

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Norton Rose Fulbright called to Qualcomm’s £480m class action defence as Quinn’s London team drops out

Norton Rose Fulbright (NRF) has been called up to a new-look legal team for Qualcomm as it defends itself from a class action brought by UK consumer charity Which?.

The dispute hinges on a Which? claim that wireless technology company Qualcomm breached competition law, and in doing so inflated the royalties paid by smartphone manufacturers for Qualcomm’s technology, which in turn led to increased prices for customers.

In May this year, the Competition Appeal Tribunal (CAT) certified the collective action, worth £480m. Which? will represent roughly 29 million consumers who purchased certain Apple and Samsung smartphones since October 2015.

Qualcomm had previously been represented by a London-based competition litigation team from Quinn Emanuel Urquhart & Sullivan, namely department head Kate Vernon and of counsel Maria Campbell. However, recent filings from the CAT show that Qualcomm is now being advised by NRF and a Brussels-based Quinn Emanuel team.

NRF’s team is comprised of head of antitrust and competition Mark Simpson, partners Caroline Thomas and Helen Fairhead, as well as a team of ten associates and trainees.

The new Quinn Emanuel team consists of Brussels EU competition partner Miguel Rato, counsel Mark English, counsel Marixenia Davilla, of counsel Athena Kontosakou, associate Hyunseok Doh and associate Maria Belen Gravano.

Quinn Emanuel and NRF instructed Brick Court Chambers’ Nicholas Saunders KC, Mark Howard KC, Tony Singla KC, and David Bailey, Alexandra Littlewood of Monckton Chambers and Tom Foxton of One Essex Court.

Which? meanwhile is being advised by Hausfeld, with a team made up of partners Nicola Boyle, Wessen Jazwari, Lucy Rigby, four associates and a legal intern. Hausfeld instructed Jon Turner KC, Anneli Howard KC, Michael Armitage and Ciar McAndrew, all of Monckton Chambers.

Quinn Emanuel declined to comment. NRF has been approached for comment.

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This article first appeared on Legal Business.

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How do I research a law firm and when should I start?

The training contract application process can be quite long winded. Before you commit yourself to it, you will need to be confident that this is a career path you want to pursue. So when should you start your research and how can you  find out which law firm might be the best fit for you?

Early doors

It’s never too early to start researching.

Many firms run open days or insight schemes for prospective trainees. Often there are targeted events for first-year students, regardless of degree subject, so you really can start to learn about a firm as early as you want.

If you’re thinking about a career in law or want to show your dedication to becoming a lawyer, sign up for an open day. It’s the perfect opportunity to learn about the firm and the legal industry more widely. It also shows the firm in question that you’re keen!

Read up

A law firm’s website is a good place to start your research. You can also consult guides such as Future Lawyers and The Legal 500 to find out what a firm’s specialisms, strengths (and weaknesses!) are.

Law/careers fairs

Most universities will have a law or careers fair, usually in the autumn term. Attending one of these fairs is a good way to start your research as there will be many firms exhibiting in the same place at the same time.

Law firms will usually send a variety of people to represent them at the fair. This could be a mix of trainee solicitors, graduate recruitment managers and sometimes NQs.

Have a look at the attendees ahead of time and start narrowing down which firms you might like to speak to. Once you have made a list of which firms you want to approach, jot down a few questions you might like to ask them.

When it comes to filling out an application form, you could mention that you met representatives from the firm at the law fair, so be sure to get their names!

Vacation schemes

If you’re a second-year law student or a final year student in another subject, you can start applying for vacation schemes. A vacation scheme is normally one to two weeks long and is essentially a period of work experience but where you are assessed throughout. There will probably be an interview at the end of the scheme too.

Although this may seem daunting, spending a week or two at a law firm is a great way to get to know the business. It’s also a chance for you to experience life as a solicitor and to decide whether you can see yourself doing it long term.

Some law firms run autumn or winter vacation schemes. The applications for these will usually close in September or October.

Most firms run summer vacation schemes and you will normally need to apply for these by the end of January.

Check our vacation scheme deadline table for exact dates.

Talk Talk

Find out as much as you can from other people. Do you know anyone who works in the legal industry? If so, ask them to meet up for a coffee or a chat.

Of course, not everyone has contacts in the legal industry so you might have to think outside the box.

A friend of a friend, a classmate’s sibling, or one of your neighbours could all be of help. You could also ask your university’s careers service.

Slowly does it

You need to leave enough time to do your research before you start filling out application forms.

And if you don’t get a vacation scheme in your first year of trying, don’t give up! You can continue applying in subsequent years and once you have graduated.

Just remember that every application form or interview is good practice.

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Revolving doors: Kirkland adds more magic circle partners as Akin Gump strengthens restructuring team

As the pound reached a record low against the dollar, US firms have continued to wield their hiring power in the City, adding several high-profile laterals to their ranks.

Kirkland & Ellis bolstered its infrastructure funds practice with two magic circle hires. It recruited the Legal 500-ranked leading individual James Boswell from Clifford Chance and Paul Sampson (who was described by Jon Ballis, chairman of Kirkland’s executive committee, as a ‘a rising star in the European funds world’) from Allen & Overy. These hires follow the arrival of A&O’s global co-head of infrastructure Sara Pickersgill last week.

Meanwhile, Akin Gump welcomed restructuring partner Sam Brodie back to the firm after 18 months at Shearman & Sterling. Brodie first joined Akin Gump as counsel as part of a team from Bingham McCutchen led by James Roome and was promoted to the partnership in 2018. He re-joins as Roome readies to retire, marking an end of an era for the City restructuring practice.

Of his return, Brodie told Legal Business: ‘It was a really compelling opportunity for me to rejoin Akin Gump not only to help manage the ever-increasing client demand, but also to help develop the restructuring and special situations practices, as well as to help bring on the next generation of talent within the team.’

Elsewhere, CMS’s co-head of construction has joined Clyde & Co after more than 28 years at the firm. Victoria Peckett, who was promoted to partner in 2002, has a breadth of contentious and non-contentious experience, including in projects in sub-Saharan Africa and Latin America.

Clyde & Co’s chief executive officer Matthew Kelsall said: ‘Construction is one of our core sectors and we have ambitious plans to continue to grow the practice globally in both depth and breadth, as contractors face both huge opportunities and significant risks as they continue to navigate today’s challenging business environment. Attracting a lawyer of Victoria’s calibre is clearly aligned with that focus on growth.’

Osborne Clarke added corporate energy partner Matt Lewy from Womble Bond Dickinson. He has more than a decade of experience in renewable energy and infrastructure M&A having previously worked at CMS and Baker Botts. Lewy is the fifth partner to join the firm’s renewable energy sector group this year following the arrivals of projects partners Hugo Lidbetter (who joined in January from Fieldfisher) and John Deacon, Hannah Roscoe and Dominic O’Brien, who all joined from Orrick in March.

Finally, in Madrid, Pinsent Masons strengthened its European finance capabilities with the addition of José Millán from Penningtons Manches Cooper, where he headed the banking and finance team. This follows the launch of the firm’s financial services-focused Luxembourg office in July.

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This story first appeared on Legal Business.

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‘A significant loss’: Litigation leaders convene as Google fails in critical €4.1bn antitrust appeal

Google’s parent company, Alphabet, suffered a serious setback this week as the European Union General Court upheld a European Commission antitrust ruling against the company worth €4.125bn.

The case centred on whether Google has used its Android operating system to effectively bar competition. According to the original decision, in 2018 the Android operating system was installed on 80% of all mobile devices in Europe. It stated that Google required developers of mobile devices to pre-install its search engine and browser (Chrome) apps as a pre-condition of receiving a license to use its app store, Play.

While the Court upheld the European Commission’s original 2018 decision, it did marginally revise the fine down from €4.34bn to €4.125bn.

The court stated it: ‘Largely confirms the European Commission’s decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices and mobile network operators to consolidate the dominant position of its search engine.’

The decision will have been keenly observed by the UK’s competition claimant Bar, who, notwithstanding a further Google appeal, will be eyeing lucrative follow-on damages claims. One prominent contentious EU competition partner commented: ‘There is obviously going to be some follow-on action – this decision will encourage it. This is unquestionably a significant loss for Google. They will probably appeal to the European Court of Justice which will delay prospective litigation, but if [the Court doesn’t] overturn it, they should be braced for impact.’

Tom Smith, partner at Geradin Partners and former Competition Markets Authority legal director, added: ‘For arguably the first time, the Court focuses on the way in which a big tech firm uses its ecosystems to insulate itself from competition. It also dismisses Google’s paternalistic arguments that it needs to be in control of everything that happens in its wider ecosystem, and it endorses the Commission’s findings on a status quo bias whereby users tend to stick with the app that is pre-installed. These aspects will be really helpful for the Commission and claimants in future cases.’

In a statement, Google said: ‘We are disappointed that the Court did not annul the decision in full. Android has created more choice for everyone, not less, and supports thousands of successful businesses in Europe and around the world.’

Google fielded an impressive legal line-up, with a team that included Cleary EU antitrust partner Nicholas Levy. He was joined by Allen & Overy partner and co-head of antitrust Jürgen Schindler, Garrigues EU and competition partner Alfonso Lamadrid de Pablo and White & Case competition partners James Killick, Assimakis Komninos and Genevra Forwood.

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This article first appeared on Legal Business.

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Deal Watch: activity powers on as Latham and A&O lead on $19bn energy joint venture

Despite the inevitable slowdown in the spring following Russia’s invasion of Ukraine, deal activity rebounded over the summer with an unusually busy August. Latham & Watkins, Kirkland & Ellis and the magic circle were among the firms taking the lead on billion-pound private equity, energy and tech deals.

Latham advised EIG on its $4.8bn acquisition of a 25% stake in Repsol Upstream, a newly formed global exploration and production company comprising the entire global upstream oil and gas business of Spanish energy company Repsol.

London corporate partners Sam Newhouse and Simon Tysoe, and London associate George Venables led the Latham team that included London associates Emily Smith and Saavan Shah, and Madrid associates Marta Portuondo and Carmen Esteban.

Repsol instructed an Allen & Overy (A&O) team led by Madrid partners Iñigo del Val, Ignacio Ruiz-Camara and Tom Wilkinson, and London partner John Geraghty.

Tysoe told Legal Business: ‘It’s a great opportunity for Repsol to monetise its existing upstream assets and be able to prioritise the cash for the development of non-oil and gas energy in its portfolio. At the same time, EIG has a great track record of optimising the performance of portfolios, bringing cutting-edge, ESG-focused techniques to them and successfully getting them to a point where it can exit, such as through an IPO. It is a great combination of talents and shows there are still really good opportunities out there for private investment in oil and gas on a big scale.’

Staying on the theme of ESG, Macfarlanes and Sidley landed roles on MetLife Investment Management’s acquisition of specialist ESG investment manager Affirmative Investment Management (AIM).

Macfarlanes’ Tim Redman, who acted for AIM on its strategic investment from Sumitomo Mitsui in 2020, led on the sale. He noted: ‘We’re seeing ESG as an increased focus for all of our clients, regardless of what sector they are operating in, and this is a great example of a global institution strengthening their offering. In this case MetLife will be doing so by combining AIM’s expertise in ESG with its existing commitment to sustainable investing.’

Redman was assisted by corporate and M&A associate Luis Soares de Sousa, while senior counsel Sarah Shucksmith and associate Beth Leggate advised on tax aspects. MetLife instructed a Sidley team led by partners Jonathan Kelly, James Wood and Eleanor Shanks.

Elsewhere, Simpson Thacher, Kirkland and Eversheds Sutherland advised on Oakley Capital’s £1bn acquisition of testing, inspection, certification and compliance sector company Phenna Group.

Eversheds global corporate co-head Richard Moulton led on the matter for Phenna and said: ‘The business has grown significantly with Inflexion’s ownership and support. With a lot of acquisitions around the globe, it has been turned into a truly global testing, inspection and certification business. For Inflexion, it is a significant sale as the company has attained a value of over a billion under its stewardship, meaning a 5.5 times return on its money.

‘What we are seeing is that for very good assets – and this is one of them – there’s still appetite to invest with plenty of liquidity and private equity dry powder in the market. There has, however, been broader caution in the PE market, certainly across consumer-facing sectors.’

Moulton was assisted by tax and banking partners Colin Askew and Christopher Akinrele, principal associates Russell Naglis in corporate and Charlie Markillie in competition as well as tax senior associate Matthew Cummings and corporate associates Megan Irons and Philip Smith.

On the buy side, Simpson Thacher’s corporate partners James Howe and Ben Spiers led the M&A team, which included associates Chris Vallance, Jenny Leung, Nishita Vasan, Alex Ward, Jewel Zhu, Beanka Chiang and Oliver Heighton. Funds partners Jason Glover and Robert Lee; antitrust partner Étienne Renaudeau; Washington DC-based national security regulatory practice head Mick Tuesley, and head of UK tax Yash Rupal also advised.

A Kirkland team led by debt finance partners Neel Sachdev and Kanesh Balasubramaniam advised Oakley Capital on banking aspects. On tax matters, partners Peter Abbott and Gal Shemer assisted.

Meanwhile, Cleary Gottlieb and Jones Day acted on Macquarie’s €2.4bn acquisition of Vigie’s (formerly Suez) UK waste business from Veolia Environnement. The transaction was part of an antitrust divestment program following the 2021 merger of Veolia and Vigie.

A Cleary team led by partners Pierre-Yves Chabert in Paris and Nallini Puri in London represented Veolia Environnement on the sale. Also in London, partners Jackie Holland and Paul Gilbert, senior attorney John Messent and associates Courtney Olden and Fay Davies advised on competition aspects. Jones Day’s Vica Irani and Ben Larkin led on the acquisition for Macquarie.

Finally, A&O and Cleary are advising Canadian software company OpenText on its $6bn offer for Micro Focus, the UK-based enterprise software provider. Partners Seth Jones and Annabelle Croker are leading for A&O, while Cleary’s M&A team includes Jim Langston, Chris Moore, Dan Tierney, Andrew Wood and Sam Connor.

For Microfocus, a Slaughter and May team is being led by partners Paul Dickson, Harry Hecht and David Johnson, and includes associates Warwick Brennand, Thomas Fletcher, Thomas Whitney, Matthew Atkinson and Emily Galvin.

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This article first appeared on Legal Business.

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Dealwatch: Ashurst and Travers double up on McColl’s and Ideagen acquisitions as Freshfields energises offshore wind deal

A trio of City firms acted on the sale out of insolvency of McColl’s to supermarket chain Morrisons, in a week that also saw significant mandates in the renewable energy and software sectors.

The transaction, which was structured as a pre-pack sale following the initiation of administration proceedings by McColl’s board on 6 May, ensured all employees would avoid redundancy, while also protecting all pension schemes.

Convenience store and newsagent operator McColl’s maintained roughly 1,200 sites across the UK, employing some 16,000 people.

Travers Smith represented McColl’s. Restructuring and insolvency head Edward Smith and corporate lead Andrew Gillen headed up the team which also included associates Kirsty Emery and Fabian McNeilly.

Morrisons was advised by Ashurst, with the team led by longtime adviser Tom Mercer and restructuring partner Olga Galazoula in addition to Giles Boothman and Inga West. The firm also provided a comprehensive service through a cross-practice team of partners; Nigel Parr (competition), Lynn Dunne (contentious restructuring and insolvency), Ruth Buchanan (employment), Tim Rennie (global loans), Sarah Sivyour (real estate), Nicholas Gardner and Paul Miller (tax) were all involved in the deal.

The transaction is the second high-profile acquisition in which the firm has represented Morrisons in the past year, having also acted for the supermarket chain in its £7.3bn takeover by Clayton, Dubilier & Rice in October 2021.

PwC instructed Hogan Lovells to represent it as joint administrator of seven companies within the McColl’s group. Insolvency duo Debbie Gregory and James Maltby led the team, which also included Oliver Humphrey, Oliver Chamberlain, Katie Banks, Stefan Martin, Tom Brassington and Angus Coulter, who advised on litigation, real estate, pensions, employment, corporate and competition expertise respectively.

Gregory commented: ‘This is a fantastic outcome for McColl’s and all its stakeholders and we are pleased to have played our part in securing a rescue for this neighbourhood retailer which has been part of communities across the UK for over 100 years.’

Travers and Ashurst were also instructed on the £1.06bn purchase of Ideagen plc by Rainforest Bidco Limited, a company indirectly controlled by funds managed by Hg Pooled Management Limited (Hg).

Ideagen has a strong foothold in the regulatory and compliance software space, operating across the life sciences, finance, insurance and health sectors. With offices in London, Munich and New York, Hg has over 20 years’ experience of investing in the software industry.

The Travers team that advised Ideagen was led by corporate partner Richard Spedding. Head of incentives and renumeration Mahesh Varia also acted on the deal, as did competition lead Nigel Seay. The transaction builds on the firm’s relationship with the company after it first advised on a £103.5m fundraise in December 2021.

Linklaters represented Hg. Corporate duo Chris Boycott and Alex Woodward headed up the deal team, which also included fellow partners Bradley Richardson, Neil Hoolihan and Oliver Sceales, who respectively advised on employment, antitrust and debt financing.

Lazard and Houlihan Lokey, which are acting as financial advisers to Ideagen, were represented by Ashurst. Karen Davies and Tim Rennie led the transaction.

Finally, Global Infrastructure Partners (GIP) has acquired wpd offshore, the offshore wind arm of wpd AG. Active in 14 European and Asia Pacific markets, the target company has an extensive portfolio of offshore wind projects which includes a development pipeline of roughly 30GW, with 7GW developed so far.

The cross-office Freshfields team which advised GIP was led by Natascha Doll (Hamburg) and Patrick Ko (London), assisted by Richard Lister (London) and Torsten Schreier (Frankfurt). Michael Josenhans (Frankfurt) and Pascal Cuche (Paris) provided finance expertise; David Beutal (Munich) advised on tax matters; Paul van den Berg (Amsterdam) and Martin J. McElwee (London/Brussels) led on antitrust; employment issues were handled by Boris Dzida, Klaus-Stefan Hohenstatt (both Hamburg) and Christel Cacioppo (Paris); and Michael Ramb (Düsseldorf/Berlin) assisted with environment, planning and regulatory.

Wpd was represented by Bremen-based renewables specialists Blanke Meier Evers. Thomas Heineke and Jochen Rotstegge led on the deal with assistance from Rainer Heidorn and Andreas Hinsch.

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This article first appeared on Legal Business

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Dealwatch: City players drill down on Siccar Point Energy sale as US elite act on IFS and WorkWave deal

Significant deals in the pharmaceutical, energy and software space have got the market talking over the last week, as City and US giants scored major mandates.

Ithaca Energy is acquiring Siccar Point Energy, best known for operating the Cambo oil and gas field in the North Sea, for $1.5bn. The buyer will pay $1.1bn up front, with the potential for $360m of additional payments dependent on future developments and commodity prices.

The transaction is intended to increase Ithaca’s daily production levels ahead of its IPO, penciled in for later in the year. The takeover is expected to boost Ithaca’s production by up to 9,500 barrels of oil equivalent per day.

Freshfields Bruckhaus Deringer advised Siccar Point as the seller, as well as its sponsors, Blackstone Energy Partners and Blue Water Energy. Partners James Scott and Graham Watson led the deal team alongside partner-elect Alon Gordon.

Ithaca Energy was represented by Pinsent Masons. Global oil & gas head Rosalie Chadwick led a cross-practice team that also included partners Michael Smith and Giles Warrington. The acquisition is the latest in a string of deals the firm has handled for the company in recent years, having also worked on its $2bn acquisition of Chevron North Sea Limited.

Elsewhere, a collection of Global London firms advised on Hg’s investment in IFS and WorkWave. The transaction, which saw the New York-bred private equity house become a significant minority shareholder, values IFS and WorkWave at $10bn. EQT remains the majority shareholder.

Headquartered in Sweden, IFS produces cloud software programmes relating to the distribution of goods, while WorkWave’s suite of products provide cloud-based software solutions to businesses.

Latham & Watkins advised TA Associates as the seller. London corporate partner Paul Dolman led the deal team, while Nicola Higgs provided regulatory advice.

Hg was represented by Skadden, with London duo Richard Youle and Katja Butler leading the team.

IFS and its shareholders, including EQT, were advised by an international team from White & Case. Led from Stockholm by Patrik Erblad, the deal team included partners from the London, Frankfurt, Düsseldorf, Brussels and Luxembourg offices. Kirkland & Ellis, led by partners Roger Johnson and Aneeq Durrani, assisted WorkWave.

Speaking to Legal Business Erblad said: ‘We were acting as advisers to the company and its shareholders, including EQT, Skadden was advising Hg on the buyer side. We also had Latham advising TA. So, it was a lot of US firms. I think that’s really what was required; for everyone to come together to get this deal done to a tight timetable.

‘What we have seen in the last month is that software and tech has been very hot. There is a lot of interest around the real quality assets. The companies that show consistent growth and are delivering profit are in high demand among private equity companies.’

Finally, Allen & Overy, Latham & Watkins and Linklaters acted on the $1.2bn acquisition of Theramex by private equity giants PAI Partners and Carlyle from CVC.

Initially created through a carve out of a group of women’s health pharmaceuticals, Theramex has grown into a premier pharmaceutical company specialising in women’s health.

Linklaters advised Carlyle and PAI Partners as acquirers. Private equity partners Alex Woodward and Chris Boycott led the deal team, which also included tax counsel Jamie Coomber, employment specialist Sinead Casey, IP lawyer Yohan Liyanage and TMT partner Marly Didizian. Adam Zecharia and Robin Harvey spearheaded a team from A&O that handled the financing aspects.

CVC Capital Partners and Theramex were represented by Latham, which also advised on the formation of the original Theramex Group in 2018. London duo Robbie McLaren and Linzi Thomas led on the corporate aspects of the deal, while Gail Crawford Fergus O’Domhnaill handled tech and finance respectively. Eveline Van Keymeulen provided regulatory advice from Paris.

Taylor Wessing advised the Theramex management team. Head of private equity Emma Danks was the lead partner.

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This story first appeared on Legal Business