law firms

Debevoise & Plimpton worked on $9.7bn of secondaries transactions in 2019, all in private equity, according to Secondaries Investor's latest legal survey.

Proskauer advised on $20.9bn of secondaries deals last year, one of the most active law firms in the market.

The law firm advised on more than 150 secondaries transactions in 2019 with a value of $17.5bn, according to Secondaries Investor's annual law firm survey.

Clarity on withholding tax issues for non-US investors means secondaries trades can now be conducted with greater ease, write Macfarlanes’ James McCredie and Florence Barnes.

Four Kirkland & Ellis secondaries lawyers have been promoted to partner out of 15 across the investment funds team worldwide.

The two law firms were the first- and second-most active in the secondaries market last year.

The appointment is the latest in a series of hires over the last 18 months at the law firm giant.

Four lawyers – including three secondaries experts from Dentons, Debevoise & Plimpton and Kirkland & Ellis – discuss GP-led secondaries, ESG and the latest developments shaping private equity.

GPs should be aware of right of first refusal clauses and PTP issues when processing transfer requests from LPs brought about by the covid-19 crisis.

Individual portfolio companies may now need an injection of capital via secondaries processes, say lawyers from the legal firm.