A&O joins other magic circle firms with student grant boost

first_imgAllen & Overy has confirmed it will increase the maintenance grant it awards for future trainees taking the legal practice course (LPC) – the last of the magic circle firms to do so.The firm said its grant will be increased by 43%, from £7,000 to £10,000. It will be backdated to the January 2018 LPC class.Claire Wright, graduate recruitment partner at A&O, said the increase is in ‘recognition of the fact that living costs have increased and as part of our overall commitment to social mobility’.She added: ‘We have a responsibility to ensure our profession is attractive and accessible to talented people who have the potential to succeed. We don’t want financial considerations to be a barrier to entry.’Last week Slaughter and May and Linklaters signified their intention to increase the grant from £7,000 to £10,000. Earlier this year, Clifford Chance and Freshfields Bruckhaus Deringer also boosted the grants by the same amount.All five magic circle firms cover LPC course fees.last_img read more

Mets sale: Steve Cohen makes astonishing $2 billion bid; A-Rod, Lopez still in the fray

first_img FOLLOW US COMMENT Sreehari Menon First Published: 10th July, 2020 13:57 IST MLB franchise New York Mets are looking for potential buyers since the Wilpons announced they were selling the team in December 2019. The first round of Mets bid is in, and billionaire hedge fund manager Steve Cohen has reportedly submitted an offer to buy the Mets for $2 billion. The Steve Cohen Mets bid comes in after his previous $2.6 billion takeover fell through in the 11th hour, due to a five-year window of ownership. The Steve Cohen Mets bid could make the Mets sale the most expensive in MLB history. Also Read: Alex Rodriguez, Jennifer Lopez To Make Second Pass At Buying New York Mets: ReportsNew York Mets sale: Steve Cohen makes astonishing $2billion Mets bid According to reports by Charles Gasparino, Wall Street mogul Steve Cohen has registered a massive $2 billion bid plus an additional $2 billion for SportsNet New York (SNY) as the Mets own a 65 percent controlling interest in SNY. Jon Heyman had reported earlier that first-round bids for the Mets sale were likely to be accepted by the Wilpons, and Steve Cohen was amongst the handful bidders interested. Others include Josh Harris and David Blitzer, Alex Rodríguez and Jennifer Lopez, and the Reuben brothers.The Steve Cohen Mets bid comes in after the 64-year-old saw his protracted takeover fall through with the Wilpons trying to change terms last minute. According to NBC Sports,  Fred Wilpon bought a 50 percent stake in the New York Mets for $81 million in 1980 and bought the other half in 2002 for $391 million. While the first-round bids for the Mets sale are non-binding, the Steve Cohen Mets bid suggests that the Mets owners are likely to collect a windfall. Also Read: Angels’ Anthony Rendon Expects MLB Stars To Find Groove Fast Last Updated: 10th July, 2020 13:57 IST Mets Sale: Steve Cohen Makes Astonishing $2 Billion Bid; A-Rod, Lopez Still In The Fray Mets sale: Billionaire hedge fund manager Steve Cohen has made an astonishing $2 billion bid for the MLB franchise; Alex Rodriguez, JLo still in the hunt. New York Mets sale: Steve Cohen Net WorthThe Steve Cohen net worth is an astonishing $14 billion according to Forbes’ real-time net worth metric. The 64-year-old manages Point72 Asset Management, a $16 billion hedge fund firm that started managing outside capital in 2018. The Steve Cohen net worth marks him 77th on the Forbes list of billionaires. Cohen was forced to shut down his previous hedge fund SAC Capital after the firm pleaded guilty to insider trading charges that cost him $1.8 billion in penalties. The magazine reports that Cohen has given $715 million to philanthropic causes over his lifetime, including causes related to veterans and children’s health.Also Read: Who Is Mike Repole? Alex Rodriguez, Jennifer Lopez Add New Billionaire Partner To Buy MetsNew York Mets sale: J Lo and Alex Rodriguez still in the hunt despite Steve Cohen Mets bid According to the New York Post, Jennifer Lopez and Alex Rodriguez have the necessary funding and can outmatch the Steve Cohen Mets bid. A-Rod’s bidding group had reportedly offered $1.7 billion for the Mets. The $1.7 billion bid by J Lo and Alex Rodriguez was in the range of what Philadelphia 76ers and New Jersey Devils owners Josh Harris and David Blitzer offered, according to reports. The Steve Cohen Mets bid has to be $250 million more than his next bidder to buy the Mets after his previous unsuccessful attempt. The New York Post further reports that Wilpon prefers selling the Mets to A-Rod rather than Cohen, and will consider their bid if it is anywhere close to the best bid at the end of the auction. Also Read: Mets Optimistic About Céspedes When Baseball Returns(Image Credit: Point72careers, Alex Rodriguez Instagram) WATCH US LIVE Written By Prospective Mets buyers are supposed to have bids in by tomorrow. Steve Cohen, the hedge fund guy from Great Neck, is back to being seen as perhaps the favorite. He’s believed to have patched up any previous differences w/Mets ownership. Plus, he’s reportedly worth $10B plus.— Jon Heyman (@JonHeyman) July 8, 2020 LIVE TV SUBSCRIBE TO US In addition to Steve Cohen, others thought to be interested in the Mets include Josh Harris-David Blitzer, A-Rod/J-Lo (with Mike Repole, Vinny Viola, others), the Reuben Bros. and at least 1 or 2 mystery bidders. $2B seems like a reasonable target price, more if SNY is included.— Jon Heyman (@JonHeyman) July 8, 2020last_img read more