10 November 2008

The Lawyer

  • A private matter

    10-Nov-2008

    The Cayman Islands is acting to tackle money laundering and tax evasion, while also respecting clients’ right to confidentiality. By Ziva Robertson

  • A question of trust

    10-Nov-2008

    A recent landmark decision clarifies the extent to which offshore courts can enforce foreign matrimonial orders. By James Gleeson

  • A&O flies bankruptcy star back to New York

    10-Nov-2008

    The hike in restructuring work in New York has forced Allen & Overy (A&O) to relocate senior restructuring partner David Frauman after his six-year secondment in London.

  • A&O growth rate dips by 39 per cent

    10-Nov-2008

    Allen & Overy’s growth rate has decreased by 39 per cent according to its 2008-09 half-year results.

  • Access all areas

    10-Nov-2008

    As the financial crisis bites, a well-timed ruling from the Isle of Man means that the territory now recognises administrators from other jurisdictions. By Rob Long

  • Akin Gump promotes 15 including one in London

    14-Nov-2008

    Akin Gump today (Friday 14 November) announced the promotion of 15 of its lawyers to the partnership

  • Arbitrary agreement

    10-Nov-2008

    Inserting arbitration clauses as standard into trust deeds may well be a waste of time, argues Ian Meakin

  • Ashurst, Milbank, Slaughters land roles on Porterbrook sale

    10-Nov-2008

    Ashurst, Milbank, Slaughters land roles on Porterbrook sale" /A trio of City firms have scooped instructions on one of the largest leveraged buy-outs this year, after a consortium of banks and investors bought rolling stock leasing company Porterbrook Leasing Company from Abbey.

  • Battling on

    10-Nov-2008

    Despite criticism of its regulatory regime, the British Virgin Islands is working hard to keep its house in order, says Terrence Williams

  • Bingham hires Clifford Chance DC head

    13-Nov-2008

    Bingham McCutchen has raided Clifford Chance to bulk up its US litigation capabilities, hiring the magic circle firm's Washington DC office head as well as two litigation partners.

  • BLP’s corporate ambitions still burn, but the hunt for a rainmaker goes on

    10-Nov-2008

    Trophy clients are vital if the firm is to compete with Ashurst and Herbert Smith.

  • BLP's revenues stagnate at the half-year point

    14-Nov-2008

    Berwin Leighton Paisner has posted flat growth for the first six months of the 2008-09 financial year, attracting £84m in fee income over the period.

  • Bonus blight

    12-Nov-2008

    Bonus season kicked off yesterday with McDermott Will & Emery announcing its associate bonus advances (see story).

  • BT, IBM help firms address gay issues

    10-Nov-2008

    Law firms grappling with how to support lesbian, gay, bisexual and transgender staff in jurisdictions where homosexuality is ­illegal or taboo can learn from organisations with greater international experience.

  • Burges Salmon creates new career path

    10-Nov-2008

    Burges Salmon creates new career path" /Bristol-headquartered Burges Salmon is revamping its legal ­hierarchy and creating the roles of senior associate and legal director.

  • Cadwalader partners to lose $3m from Lehman fund

    12-Nov-2008

    A group of partners at Cadwalader Wickersham & Taft stand to lose significant sums in an investment made in a Lehman Brothers private equity fund.

  • Camerons´ insurance switch: timely change or risky business?

    10-Nov-2008

    CMS Cameron McKenna has taken a leap of faith in its decision to relaunch its insurance practice with a focus on ­contentious work, as revealed by The Lawyer last week (3 November).

  • Channel 4 legal chief goes it alone in private practice

    13-Nov-2008

    Channel 4's controller of legal and compliance Jan Tomalin has quit after 20 years at the station to start up her own legal practice.

  • Cleary Gottlieb promotes eight to partnership

    10-Nov-2008

    Cleary Gottlieb Steen & Hamilton has promoted eight lawyers to partner and two to counsel in the firm’s latest round of promotions.

  • Clifford Chance plans pro bono boost

    14-Nov-2008

    Clifford Chance plans pro bono boost" /Clifford Chance aims to increase the number of lawyers doing pro bono work by 10 per cent in the next year.

  • Cohen Milstein loses Hausfeld to form new boutique

    10-Nov-2008

    A new claimant law firm based in Washington opened its doors today and immediately announced plans to expand across the US and into London.

  • Daily Mail chief slams judge

    10-Nov-2008

    Mr Justice Eady has come under attack from the Daily Mail editor-in-chief Paul Dacre for bringing privacy laws in by the back door.

  • Dentons set for South African alliance

    10-Nov-2008

    Denton Wilde Sapte is preparing to launch an alliance with 13-partner South African firm Glyn Marais. The firm has already established links with firms in nine African countries, including Botswana, Kenya, Mauritius, Uganda and Zambia. The move gives Dentons its first base in South Africa. Glyn Marais has offices in Sandton, Cape Town and Pretoria. Dentons’ ­international presence also covers the Gulf and the CIS, both of which are significant growth regions for the firm.

  • Do the right thing – or else

    10-Nov-2008

    I spent several days last week in the company of around 100 general counsel at The Lawyer’s in-house summit in Berlin. It’s one of the most illuminating events of the year, because it’s almost the only way the rest of us have to get a feel for in-housers’ collective thinking.

  • DWF revenues up 12.5 per cent

    11-Nov-2008

    DWF has posted a 12.5 per cent rise in fee income at the half-year stage, bringing in £28m over the six months compared to £24.5m over the same period last year.

  • EMW´s £50m ambition starts with London tie-up

    10-Nov-2008

    Milton Keynes firm EMW Law has merged with London international ­corporate boutique Picton Howell, taking the first step in its radical expansion plan.

  • End of the road?

    10-Nov-2008

    Legislation had already eroded some of the benefits of investing offshore, but is the credit crunch the final nail in the coffin? Gary Telford and Helen Bucktrout report

  • Eversheds axes 31 lawyers

    14-Nov-2008

    Eversheds axes 31 lawyers" /Eversheds is in the final stages of its first redundancy consultation and is expected to axe a total of 31 lawyers.

  • Eversheds launches fresh redundancy talks

    12-Nov-2008

    Eversheds launches fresh redundancy talks" class="inline_image inline_image_left" src="/pictures/web/images/14763_david-gray-eversheds.jpg" /Eversheds has launched a second round of redundancy talks with 45 lawyers and related support staff.

  • Eversheds wins Hinduja power project in India

    10-Nov-2008

    Eversheds has been appointed by the Hinduja Group on international aspects of India’s Vizag power project and will work alongside local firm FoxMandal Little.

  • FFW media head joins NBC Universal

    10-Nov-2008

    NBC Universal has hired a Field Fisher ­Waterhouse partner to launch the legal ­department of its new ­International Television Production business.

  • Freshfields launches pro bono network

    14-Nov-2008

    Freshfields Bruckhaus Deringer is to launch an international pro bono network in an effort to encourage greater coordination between offices doing pro bono work.

  • Get in line

    10-Nov-2008

    New legislation brings Luxembourg into line with international law and should have investors queuing up, says François Pfister

  • Glass half empty? Half year results

    10-Nov-2008

    Given the current market turmoil, reasonable half-year results are allowing many managing partners to breathe a sigh of relief – but some might be hiding bad news.

  • Global firms praise Russia’s courts for progress made in cleaning up their act

    10-Nov-2008

    A report has found that the Russian court system has made great strides to entice oligarchs and businesses back to the country, months after it came under fire for lacking independence.

  • Hackney hires Hillingdon lawyer

    10-Nov-2008

    The London Borough of Hackney has recruited senior social service lawyer Suzanne Bond from the London Borough of Hillingdon.

  • Halliwells posts revenue drop; Hill Dickinson and WFW both up

    14-Nov-2008

    Hill Dickinson and WFW both up" /Halliwells has reported a three per cent drop in fee income for the first six months of the 2008-09 financial year.

  • Hammonds redundancy consultation to hit 95

    14-Nov-2008

    Hammonds has confirmed that it is to axe up to 95 employees with most job losses expected to be in the corporate and real estate groups.

  • Herbies raises associate salaries

    14-Nov-2008

    Herbert Smith has hiked its associate salaries at the half-year stage with £2,000 being added to annual salaries as of the beginning of November.

  • Hickinbottom J urges firms to let solicitors sit as recorders

    10-Nov-2008

    Mr Justice Hickinbottom, a former McKenna & Co solicitor, has launched an attack on law firm ­managements, claiming they create unnecessary hurdles for solicitors trying to join the judiciary.

  • Howrey, Reed Smith snap up Thelen teams

    12-Nov-2008

    Howrey and Reed Smith have become the latest US firms to acquire remnants of collapsed firm Thelen.

  • Into Africa

    10-Nov-2008

    After signing tax treaties with China, the United Arab Emirates and a number of African countries, Mauritius is fast emerging as the ideal investment platform. By Anthony Whaley, Nicolas Richard and Sameer Tegally

  • Jackson LJ drafted in to investigate litigation costs 10 years after Woolf

    10-Nov-2008

    The cost of bringing ­litigation is under greater scrutiny than ever after the Master of the Rolls Sir Anthony Clarke appointed Lord Justice Rupert Jackson to conduct a year-long review.

  • Jersey calling

    10-Nov-2008

    Changes to the UK corporate tax regime have prompted some businesses to set up shop in Jersey. By Mike Jeffrey

  • Jobless lawyers thrown holiday lifeline

    13-Nov-2008

    Lawyers have been offered a discount on around-the-world trips if they prove they have been made redundant.

  • King & Spalding makes up 12 to partner

    10-Nov-2008

    US firm King & Spalding has promoted 12 associates to ­partner level, including two in London. The firm has made up eight partners across its US offices, two in Abu Dhabi, where the firm opened in March (The Lawyer, 24 March), and two in ­London. In the UK Michael Rainey and Pulina Whitaker join the partnership. Rainey joins the finance practice, while Whitaker, who heads the London employment and benefits practice, will join the ­corporate group.

  • Lehman law firm creditors missed off official list

    10-Nov-2008

    Law firms owed millions of pounds by Lehman Brothers have been missed off a list of trade creditors issued last Tuesday (4 November) by administrators PricewaterhouseCoopers (PwC).

  • Lehman’s City lawyers abandon sinking ship

    10-Nov-2008

    Nomura set to inherit half of bank’s team as 60 lawyers quit

  • London takes a back seat as Freshfields makes up 11 more

    10-Nov-2008

    Freshfields Bruckhaus Deringer has made its third round of global counsel ­promotions this year, with London picking up just one of the 11 promotions.

  • Lovells gets Iceland brief in banking row

    10-Nov-2008

    The Icelandic government has appointed Lovells as it ­considers legal action against the British Government over its reaction to the country’s ­banking crisis. Iceland has ­criticised chancellor Alistair ­Darling’s decision to put the UK subsidiaries of Kaupthing and Landsbanki into administration and freeze their assets, and has turned to Lovells corporate partner Richard Brown for legal advice.

  • Lovells wins pro bono rape case

    13-Nov-2008

    Lovells’ pro bono team has won a landmark case for a rape victim whose accused attacker had his conviction quashed.

  • LSC job cuts spark fears for access to justice

    10-Nov-2008

    The Law Society has warned that access to justice could be adversely affected after the Legal Services Commission (LSC), which runs the legal aid scheme, cut 600 jobs.

  • Luthra scoops four-lawyer IP team from Anand

    10-Nov-2008

    Indian firm Luthra & Luthra has scooped a four-lawyer team from Indian IP specialist firm Anand & Anand.

  • McDermott launches new bonus scheme

    12-Nov-2008

    McDermott Will & Emery has announced associate bonuses for the first time since overhauling its bonus structure in February.

  • Mid-market firms opt to retrain and redeploy

    10-Nov-2008

    Mid-market firms including Addleshaw ­Goddard and Trowers & Hamlins are learning from the magic circle and ­sharing out work from busier ­practice areas rather than making large-scale ­redundancies.

  • Mincoff Jacksons

    10-Nov-2008

    The merger this summer of longstanding Newcastle-area firms Jacksons and Mincoffs (TheLawyer.com, 18 June) created a new player in Newcastle’s usually steady second tier.

  • Mishcons joins Queen Mary pro bono centre

    13-Nov-2008

    Mischon de Reya has signed up alongside Field Fisher Waterhouse and Reed Smith to give pro bono advice through a newly-launched advice service at Queen Mary, University of London.

  • More jobs to go in South West

    13-Nov-2008

    "These are tough times, I'm just trying to steer us through," one Bristol managing partner sighs.

  • Morgan Lewis hires 18th lawyer in two days

    11-Nov-2008

    Morgan Lewis has hired the former head of Hogan & Hartson’s Brussels office as a new partner in New York.

  • Movember: 'tache of the Titans - week two

    10-Nov-2008

    Tulkinghorn and all of his male scribes are gearing up to grow moustaches for Movember, a charity scheme set up for everyday people to become 1970s legends and raise some money for prostate cancer in the process.

  • Moves roundup: 10 November 2008

    10-Nov-2008

    Eloise Walker has this month joined the London office of Pinsent Masons as a tax partner. She leaves ­Linklaters, where she was a senior associate, to take up the role. Walker said: ­“Linklaters specialised in ­corporate tax, but I wanted to do more asset finance and funds work. I just fancied a bit of a change.”

  • Muckle donates 1 per cent of profit to charity

    12-Nov-2008

    Muckle donates 1 per cent of profit to charity" /Newcastle firm Muckle is celebrating its sixth year of distributing 1 per cent of total firm profit to charity.

  • Necessity: the mother of re-invention

    11-Nov-2008

    News that CMS Cameron McKenna is to transform its legacy insurance practice into a dispute resolution group is yet more evidence that the legal market is having to re-invent itself to keep pace with changes in the wider economy.

  • New compromise

    10-Nov-2008

    Guernsey’s new Companies Law means that compromise agreements are now more aligned with English law. Nick Gamble and Mathew Newman report

  • Norwich Union legal staff facing costs cull

    10-Nov-2008

    Norwich Union is to ­radically overhaul the legal team of its life insurance business, slashing 20 per cent of its annual budget.

  • Obama: What Kind of Change in the Courts?

    11-Nov-2008

    In keeping with the theme of ‘change,’ the US presidential election has sparked a slew of commentary, including speculation on the future composition of the US Supreme Court.

  • Offshore offensive

    10-Nov-2008

    A stringent new offshore tax bill in the US, backed by Barack Obama, could have serious implications for any territory that finds itself on Washington’s blacklist. Stephen Platt reports

  • Offshore Special Report

    10-Nov-2008

    The historic election of Barack Obama as the next US president could create a pivotal moment in how offshore firms operate globally. This Offshore Special Report examines the looming political and economic challenges facing the sector.

  • Olswang fees up 4 per cent at half year stage

    13-Nov-2008

    Olswang fees up 4 per cent at half year stage" /Olswang has posted growth of four per cent for the first six months of the 2008-09 financial year.

  • Opinion: Lawyers have what it takes to be school governors

    10-Nov-2008

    Overloaded, overcomplicated and ­overlooked. That’s not a description of a day in the life of a corporate lawyer, but one of the key findings to come out of a new ­Business in the Community (BITC) report on school governors.

  • Orrick lays off 40 lawyers in latest US round

    13-Nov-2008

    Orrick Herrington & Sutcliffe has become the latest US firm to announce layoffs.

  • Outward bound: Simon Gildener, Howden

    10-Nov-2008

    Simon Gildener of insurance brokers Howden is an in-house legal chief with a difference – in what may prove a legal business model of the future, he’s there to advise the company’s clients as much as his own board.

  • Pannone posts 8 per cent revenue hike

    13-Nov-2008

    Fee income at Pannone has risen eight per cent in the first six months of the 2008-09 financial year compared with the same period last year.

  • Paul Weiss joins cast of Hexion-Huntsman

    10-Nov-2008

    Paul Weiss Rifkind Wharton & Garrison has won a leading role on the high-profile dispute between chemicals companies Hexion and Huntsman.

  • Pinsents tightens AIM stranglehold as downturn hits market capitalisations

    10-Nov-2008

    Pinsent Masons continues to lead the way in terms of the number of AIM clients, with DLA Piper and

  • Plea to ministers as pro bono week begins

    10-Nov-2008

    The Law Society joined forces with the Bar Council and the Institute of Legal Executives this morning to launch the seventh annual Pro Bono Week.

  • Pressing concerns

    11-Nov-2008

    Pressing concerns11 November 2008 The Daily Mail has caused a storm.And its editor-in-chief Paul Dacre has sparked a flurry of hot-blooded comments on TheLawyer.com after he poured scorn on leading privacy judge Mr Justice Eady.

  • Re Jahre judge’s arrest brings the curtain down on 67-year-old case

    10-Nov-2008

    Clifford Chance, together with offshore firms Appleby and Charles Adams Ritchie & Duckworth, has settled one of the world’s longest-running cases – 67 years after the initial ­hearing in 1941.

  • Redeeming features

    10-Nov-2008

    The financial crisis has sparked a flurry of investors seeking to redeem their investments. Funds with adequate safeguards in place will be the ones that survive, say Sandie Corbett and Caroline Williams

  • Reference point

    10-Nov-2008

    The Turks and Caicos Islands appeal court has given the green light to an inquiry that is set to probe into the heart of the islands’ government. David Phillips QC and Patrick Patterson report on how the court reached its decision

  • Simmons bolsters global real estate team

    10-Nov-2008

    Simmons & Simmons has hired two partners and a ­managing associate for its international real estate practice. Commercial property specialist Rachel Francis-Lang has joined the London office as a partner from Eversheds, while Phillip Beer joins the firm as partner from Herbert Smith, where he was of counsel.

  • Simmons copies Linklaters by slashing client count

    10-Nov-2008

    Linklaters by slashing client count" /Simmons & Simmons is planning a Linklaters-style strategy of cutting the ­number of its key global clients in the wake of the financial crisis.

  • Simmons in Wachovia, Links raids for China duo

    10-Nov-2008

    Simmons & Simmons has hired a senior legal counsel from Wachovia Bank to expand its China financial markets group.

  • SJ Berwin helps Noho Sq developer swap way out

    10-Nov-2008

    SJ Berwin has advised Christian Candy’s CPC Group on a swap with ­Icelandic bank Kaupthing, allowing the property developer to exit Noho Square in Fitzrovia, London.

  • Slow judges cause Admin Court delays

    10-Nov-2008

    The Administrative Court is facing a massive backlog of cases due to a shortage of specialist judges.

  • SRA launches debate on foreign lawyers

    11-Nov-2008

    The Solicitors Regulation Authority has today launched the final consultation into the new qualified lawyers transfer scheme.

  • Sun, sea and silks

    10-Nov-2008

    Many companies are finding that the Caribbean legal systems make the region an ideal destination for dispute resolution, says Seamus Andrews

  • 'tach of the Titans: the greatest moustache of the law

    14-Nov-2008

    Some of history’s greatest figures have utilised the power of the moustache.

  • Taylor Wessing half-year: turnover down 1 per cent

    12-Nov-2008

    Taylor Wessing's half-year UK revenues have decreased by 1 per cent on the same period last year to £42.6m.

  • Trio scores Mitsubishi sale

    13-Nov-2008

    Hammonds, Macfarlanes and Paul Weiss have lined up on a rare £1bn deal as Mitsubishi Rayon swoops for UK chemicals company Lucite.

  • Tulkinghorn: The Itchy & Scratchy show

    10-Nov-2008

    Tulkinghorn thought his readers would like an update on how his ­Movember Moustache Team was getting on.

  • Two UK firms fall victim to the crunch

    13-Nov-2008

    The economic crisis has claimed its first two substantial victims in the British legal sector.

  • Unlicensing laws

    10-Nov-2008

    New regulations mean that private trust companies no longer need to obtain a trust licence to act as trustees, allowing the Cayman Islands to maintain its competitive edge, reports Sara Collins

  • Walker Morris brings in pensions partner

    10-Nov-2008

    Leeds firm Walker Morris has scooped Addleshaw Goddard’s only Manchester pensions partner in a bid to beef up its capacity for non-cyclical work.

  • Wall St Woes: Labor data

    11-Nov-2008

    The dramatic drop in legal jobs last month is an indicator that recession is more than just looming.

  • Wall Street Woes: Hiring and firing

    14-Nov-2008

    The credit crunch rollercoaster keeps on chugging along. Yesterday Orrick launched a round of 40 lay-offs, just weeks after taking a large chunk of the now defunct firm Heller Ehrman.

  • Web Week: 10 November 2008

    10-Nov-2008

    The Lawyer’s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@thelawyer.com.

  • White & Case axes Bangkok office

    13-Nov-2008

    White & Case is set to close its third office in less than a month as Thailand follows departures from Italy and the German city of Dresden.

  • White & Case slashes jobs across international network

    11-Nov-2008

    White & Case is cutting three per cent of its workforce including a handful of associates in London and around 70 across its US offices.

  • Whole new world

    10-Nov-2008

    As London and New York lose their status as leading financial centres, Peter Bubenzer asks: should offshore firms look to pastures new?

  • WilmerHale launches in Frankfurt

    14-Nov-2008

    WilmerHale launches in Frankfurt" /US firm WilmerHale has opened in Frankfurt after poaching four Mayer Brown partners.

  • Work Life Quiz: Bill Jones, JMW Solicitors

    10-Nov-2008