11 April 2005
One UK lawyer had the shock of his life when he walked into the office of a star partner in New York.
Osborne Clarke is, understandably, delighted with its flash new London Wall digs, complete with outdoor barbie area and sweeping views over St Paul's and towards... erm... Clifford Chance's old Aldersgate Street offices and over the glorious roofs and air-conditioning units of the Barbican.
Allen & Overy (A&O) is overhauling its band of salaried partners in a move that will result in the abolition of local partner status.
Addleshaw Goddard has invited 10 lawyers to join the partnership with effect from 1 May.
Poor appraisals are more than just a waste of time - they're a missed opportunity. By Nick Jefferson
Ashurst rising star Andreas Hoffmann has resigned after just over a year with the firm to become GE’s first general counsel in Germany.
The Legal Services Commission (LSC) has won a case securing repayment of £179,000 from a specialist e-commerce barrister who was overpaid more than a decade ago.
BPP Law School has recruited its first ever director of quality assurance and enhancement.Chris Maguire was previously at the Bar Council, where he spent 11 years monitoring quality factors related to legal education.The hire comes as BPP continues its development, with the opening of new law schools in Manchester and Leeds.BPP chief executive Peter Crisp said Maguire’s appointment would help maintain the school’s reputation for innovative courses and high standards.
In the minds of many partners, the importance of business development is on a par with biscuits at meetings. But as Matt Byrne reports, some of the bigger firms are acquiring a taste for it
CMS Cameron McKenna is gearing up to exploit Russia's nascent PPP/PFI market with the hire of five lawyers to its Moscow office.
The Professional Services Marketing Group has ratified a decision to launch a major research study on measuring the effectiveness of business development (BD). Co-chair Chris Hinze said the board was in "universal agreement" on designing a study for professional services firms to measure the return on investment in BD. Mark King, co-chair and marketing director at Lewis Silkin, said the problem was ...
Kirkpatrick & Lockhart Nicholson Graham has hired Jonathan Lawrence as a banking partner as part of its programme of growth in banking and real estate finance. He joins after four years at Allen & Overy, where he worked in real estate finance.
Clifford Chance has made up 30 new partners in a round of promotions covering 11 of the firm’s offices - the highest number at any UK firm so far this year.
The Co-operative Insurance Society (CIS) is set to slash its panel of external legal advisers by two-thirds.
Clyde & Co's respected head of corporate David Page has quit the firm following a strategic review of its corporate practice.
Deutsche Bank's legal department has suffered a double blow following the departure of two senior in-house lawyers. Legal counsel Sajid Hussein and Francis Dickinson have quit the German bank to join Bank of America and Barclays Capital respectively.
DLA Piper Rudnick Gray Cary has boosted its Hong Kong office with the hire of two new partners.
Many explanations have been mooted for the partner haemorrhage at Denton Wilde Sapte (DWS). One factor common to the defections of the high-billing media/IP team was dissatisfaction with the merit-orientated remuneration system. The firm is now embarking on a wholesale review of the system, albeit as part of what managing partner Howard Morris calls a "holistic" examination of all aspects of partnership.
The sale of Elton John's management company Twenty-First Artists to the Sanctuary Group became a partner reunion for the defunct London firm Frere Cholmeley Bischoff.
Exchange Chambers has won instructions on both sides of the forthcoming criminal trial over the deaths of 21 Chinese cockle pickers in Morecambe Bay last year.
Liverpool and Manchester set Exchange Chambers has become the first barristers' chambers to report its 2004-05 income.
Frankfurt-based Greenfort was launched on 1 April to offer medium-sized companies and financial investors an alternative source for obtaining legal advice.
Gulf International Bank (UK) (GIB UK), the UK subsidiary of Bahrain-based Gulf International, is poised to launch a full-scale review of its legal panel.
The Lawyer's weekly Grape-vine email has always been popular (it currently has 35,467 subscribers) and often generates opinionated feedback.
Goodyear Dunlop Tyres has appointed Dominque Golsong as its European legal chief.
There's no ART to insurance
Greenberg Traurig has made its Asian debut after opening a Tokyo office and forging an exclusive alliance with Landwell-tied firm Hayabusa Kokusai Law Offices.
Hammonds is making up a record 15 new partners this year, following a year of turmoil at the firm that has seen 14 partners quit since January.
Scottish firm Harper Macleod has launched an innovative benefits package aimed at offering employees of the firm's key clients a range of services at discounted rates.
Niche Stoke-on-Trent firm Heatons has appointed corporate finance specialist Matt Fleetwood as its new managing partner, replacing David Beech. Beech quit Heatons last month to join London-based corporate finance investment house Arev. During his time at Heatons, he advised Icelandic investor Baugur on a number of multimillion-pound deals. First revealed on www.thelawyer.com 6 April 2005
Herbert Smith has landed a second silk as the City firm forges ahead with plans to launch its own set of chambers.
Herbert Smith has won its first instruction from Fortune Brands, the US group that has teamed up with Pernod Ricard to take over Allied Domecq. It is understood that the mandate came following a US referral. Allied Domecq is being advised by Linklaters, while Pernod Ricard has instructed longstanding adviser Macfarlanes. ...
Holman Fenwick & Willan has hired a partner and two assistants from Stephenson Harwood to develop its ship finance practice. John Forrester, who was a partner at both Stephenson Harwood and legacy firm Sinclair Roche & Temperley, joins with assistants Ruth Allcoat and Adam Shire. His clients include some of the world's largest ship finance lenders. First revealed on www.thelawyer.com 6 April 2005
Cabinet Cousté & Cousté, one of France's leading biotechnology and IP firms, will join Howrey Simon Arnold & White, making it the US firm's fourth European IP office. Managing partner and chief executive officer Robert Ruyak (left) said: "We're now well positioned to answer our clients' antitrust, litigation and IP needs." Marina Cousté founded the Paris firm in 1984; she will be joined by François Jonquères and Amaury de Saint Amand. The Paris office is scheduled to open on 1 May.
When the newly established pensions regulator released its guidance on the M&A pensions regime, private equity lawyers joked that it was no coincidence that the new rules came out on April Fool's Day.
Irwin Mitchell has added a consultant to its expanding Midlands employment team. Sue Massey joins from Black Country firm Manby & Steward, where she was head of employment. Massey's hire brings the number of employment lawyers across Irwin Mitchell's offices to 14, including five partners. Fergal Dowling, Birmingham employment head, called Massey's arrival a "strategic appointment", adding that her ...
Latham & Watkins has launched its first outpost in Mainland China, with the opening of a two-partner Shanghai office.
French lawyers are gearing up for the launch of Europe's answer to AIM. Alternext will be launched on the Bourse de Paris (the French stock exchange) on 17 May, and firms are already beginning work on potential flotations.
Sarbanes-Oxley is forcing pharma company Provalis to delist from Nasdaq just as its US business starts to take off. As Husnara Begum finds, the move is keeping its sole lawyer busy
The canteen staff have been headhunted en masse, and the firm is in disarray.
The Liberal Democrats' shadow attorney-general John Burnett MP is to join South West firm Stephens & Scown following the forthcoming general election.
After a busy first quarter, Linklaters emerged as the leading firm in the Spanish M&A marketplace, climbing from fifteenth place to first in Thomson Financial's European rankings for completed deals.
Gianni Origoni set to take lion's share of adviser payouts in insolvency bonanza
Legal fees for the London Underground PPP totalled more than £70m, according to the latest Public Accounts Committee report.
One of the partners who led the campaign to introduce fair pay for part-time partners has quit Lovells as the firm moves to overhaul its remuneration system.
Lovells has advised longstanding client ING on the sale of Baring Asset Management 10 years after helping the Dutch financial services giant to buy the business.
Andrew Skipper has been confirmed as Lovells’ new head of corporate, taking over from Hugh Nineham.
Niche Stoke-on-Trent firm Heatons has raided Martineau Johnson for a new head of litigation.
Mayer Brown Rowe & Maw (MBR&M) has cemented its relationship with Sloane Capital, the property fund of Irish horseracing magnates John Magnier and JP McManus, after advising on Standard Chartered's sale and leaseback of 35 Basinghall Street.
Wilmer Cutler Pickering Hale and Dorr has posted an average profit per equity partner (PEP) of $870,000 (£463,100) in its first full financial year as a merged firm. The results compare favourably with the average PEP of $780,000 (£415,200) at the pre-merger Wilmer Cutler and $810,000 (£431,200) at Hale and Dorr. Turnover for 2004 was $750m (£399.2m), up an impressive 14 per cent on a combined total for Wilmer Cutler & Pickering ($334m (£177.8m)) and Hale & Dorr ($325m (£173m)) in 2003. ...
The Jubilee Line fraud case fiasco has left jurors affronted and taxpayers £60m out of pocket. Jon Robins reports on the latest nail in the coffin for trial by jury
New chief executive stakes all on radical overhaul of controversial profit system
The Government's corporate manslaughter proposals are to be applauded - now for the rest
Paul Hastings Janofsky & Walker has made a dramatic Italian launch, with the hires of the founder of Norton Rose's Italian operation Roberto Cornetta and Parmalat head of legal Bruno Cova.
Howard Johnston has so far successfully fought off his ex-girlfriend's attempts to save frozen IVF embryos from destruction. He has always maintained that he neither wanted the financial or emotional burden of a child with Natalie Evans. She argued that the frozen embryos offered her the only chance to have children after her ovaries were removed to avoid a cancer threat.
Gulf International Bank's (GIB) UK head of legal and compliance Dominic Bacon has discovered a rather novel method for picking a nanny involving a process that could easily have been mistaken for speed dating.
RHM Foodbrands, the main operating company of Mr Kipling cakes and Hovis Bread, has become embroiled in a spat with its former interim head of legal.
Theatre-goers in the West End earlier this year will have been treated to the Olivier-winning performance of none other than Norton Rose chief operating officer Kevin Mortell. Mortell was starring in the hit musical The Producers, a show all about making money by putting on a show that flops. Modestly, Mortell adopted the stage name of Nathan Lane, which he'll also be using when the show becomes a film ...
A certain Clifford Chance corporate partner has been the recipient of a particularly critical review under the magic circle firm's upward appraisal system. One associate anonymously appraising the partner merely wrote: "YOU DON'T NEED TO SHOUT AT US SO LOUD!"
Sidley Austin Brown & Wood has secured its first London acquisition finance partner with the hire of Ashurst partner Stephen Clark, as the firm continues its lateral hiring spree.
New York's Simpson Thacher & Bartlett has stormed to the top of Thomson Financial's US M&A deals table for the first quarter of 2005.
Slaughter and May will announce six new partners on 1 May 2005. Simon Nicholls, David Watkins and Benita Yu will be made up in corporate and M&A; Mark Dwyer and Matthew Tobin, in corporate andfinance and Claire Jeffs in competition.
Slaughter and May is advising Goldman Sachs Capital Partners on a Nordic private equity bid following a major charm offensive with the house.
Sullivan & Crowmell corporate partner Garth Bray has topped the individual partner league tables (by value) for the past 12 months.
Taylor Wessing has won a landmark victory for libel defendants by securing a costs-capping order for Associated Newspapers.
Julian Yarr, head of London office, A&L Goodbody
TLT opens in London with boutique merger" /Bristol's TLT Solicitors has landed a foothold in the London market after securing a merger with 11-partner firm Lawrence Jones.
The Treasury Solicitor's Office has unveiled two new legal panels as it reviews the way it provides services to clients.
The merry-go-round in the sportswear sector is in full swing as iconic football kit manufacturer Umbro loses its general counsel to Reebok.
Arts Council England has unveiled its first formal law firm panel as part of a bid to obtain better service and value for money from its external lawyers.
Weightmans’ former Manchester head of corporate Jonathan Shorrock has found a new home at Bolton firm Kippax Beaumont Lewis (KBL).