11 December 2006
Think US law firms are throwing around big packages to lure star lateral partners? Well, yes, they may be. But their efforts pale into insignificance next to the recruitment carrot Apple Computer dangled in front of new general counsel Donald Rosenberg, who the company lured from IBM after his 30 years there.
Bermuda-based reinsurer Harbor Point has named Carol Rivers as general counsel. Rivers joins from Axis Capital Holdings.
Hurrah! Some Christmas cheer. Travers Smith's gentlemanly managing partner Chris Carroll has been re-elected.
One thousand local government lawyers' jobs will be affected by a wave of county councils that are planning to merge with district councils.
Alliance Boots has radically overhauled its legal and company secretariat functions following the multibillion-pound merger of Boots and Alliance UniChem last summer.
Sport makes people, even lawyers, do strange things. Addleshaw Goddard litigation head Simon Twigden was full of confidence ahead of the Ashes and heartily engaged in email banter with one of Tulkinghorn's (numerous) Australian scribes.
Ashurst gets the China bug" /Last month in The Lawyer Global 100 we highlighted 'the Chinese question'. As we pointed out, the allure of China for the world's leading international firms has never been stronger. The past year has seen a wave of firms applying for licences to practise in Hong Kong, Shanghai and Beijing, ...
Ashurst to go global as China goldrush beckons" /Ashurst is overhauling its international strategy to focus on ramping up its Asia presence, including launching in mainland China or Hong Kong, in a break with the firm's traditionally Eurocentric strategy.
Ashurst, Slaughter and May and Weil Gotshal & Manges have all scored lead roles on the £1bn approach for RHM by Premier Foods.
Baker & McKenzie has followed up the first international offering by a Georgian company with a $250m (£126.43m) offering from a leading Ukrainian poultry producer. Bakers acted as US, English and Ukrainian counsel to Myronivsky Hliboproduct on its offering of high-yield notes and its 10.25 per cent listing on the London Stock Exchange.
The Bar Standards Boards (BSB) has issued a consultation into the extent barristers should be allowed to entertain solicitors and other professional clients.
Would-be QCs have just one month from today (12 December) to submit applications as the 2007 silk appointments round gets underway.
Bindman & Partners has won a House of Lords judgment supporting the public’s right to free speech.
US firm Bingham McCutchen has acquired a 22-lawyer firm in Tokyo, continuing its push into Asia.
Bonelli Erede Pappalardo has made up two partners in its Milan office, boosting its litigation and financial services regulation practices.
North West firm Brabners Chaffe Street has launched a private client department in its Manchester office.
French independent Brandford-Griffith & Associés has just celebrated its fifth birthday with the hire of a new partner. Roland Poirier joins the firm from Orrick Rambaud Martel to replace Pierre Ullman as head of tax after the latter moved to Willkie Farr & Gallagher.
A crucial decision handed down by the appeals chamber of the International Criminal Tribunal for Rwanda (ICTR) earlier this year is set to help bring justice to the victims of the country's 1994 genocide.
England's second-largest unitary authority Leeds City Council has received more than 200 applications for places on its new legal panel.
London-based carbon credit trading company Camco International has hired its first in-house lawyer as renewable energy and carbon credit trading companies gain scale and prominence in the City.
Travers Smith has elected Chris Carroll as its managing partner for a third term, making him the second partner to have won three successive elections at the firm.
Clifford Chance and Denton Wilde Sapte (DWS) have bagged lead roles advising on the world’s largest ever Islamic bond.
Eurotunnel’s ongoing restructuing deal to slash its £6.2bn debts was finally approved last night.
Clifford Chance has finally made the switch to a UK limited-liability partnership (LLP) almost seven years after becoming a New York LLP upon its merger with Rogers & Wells. Just six of the firm's 29 offices will operate as LLPs, with the rest operating as sub-entities ...
Italian firm Chiomenti Studio Legale has made its new partner promotions, making up four. The promotions give 185-strong Chiomenti its first competition head since 2000, with Stefania Baratti filling the hole left by Luca Radicati di Brozolo. Rome scooped the lion's share of the promotions, taking three new partners, while Milan corporate expert Vincezo Cariello was promoted. As well as Baratti, who spends much of her time in the Brussels office, the Rome office now has a new corporate ...
Cleary Gottlieb Steen & Hamilton has bagged a lead role advising on the A$11.1bn (£4.43bn) takeover offer for Qantas Airways.
Companies operating in a number of jurisdictions must ensure their policies are legally sound in all of them, say Peter Frost and Anne Harrison
The business law firm presence on the Paris Bar Council has been swelled with the election of partners from Bredin Prat, JeantetAssociés, Latham & Watkins and Taylor Wessing.
Corruption, and how to tackle it, is a major issue on the international stage right now. The Bribe Payers' Index, published in October by Transparency International, the anti-corruption watchdog, once again highlights the deficiencies in the efforts to tackle international corruption. Last month a special police taskforce was launched to investigate money laundering ...
Ashurst has scooped a key role advising Countrywide on a 3i-led management buyout of the company.
US firms Covington & Burling and Kirkpatrick & Lockhart Nicholson Graham have picked up roles on the introduction of a groundbreaking electronic settlement system to AIM and on its first use by a company admitted to the junior bourse.
New York firm Cravath Swaine & Moore announced its associate bonuses last night (11 December), with its associates pocketing between $30,000 and $60,000 (£15,160-£30,321) ahead of Christmas.
CREDIT Suisse First Boston (CSFB) head of Italian legal affairs Raffaele Rizzi has quit to join Italy's third-largest bank as general counsel.
Dickinson Dees has established its first base in Yorkshire, following a merger with York-based corporate boutique Philip Ashworth & Co.
The legal profession must base its recruitment strategy solely on the ability of the candidates, not on their backgrounds, says Gary Slapper
Diversity is arguably the most contentious issue currently facing firms, as protective rules on the basis of age, gender, sexual orientation, religious beliefs and social backgrounds mount.
Dutch independent Van Doorne has appointed Onno Boerstra as its new managing partner with effect from 1 January 2007.
Northern firms DWF and Ricksons are set to merge, creating a firm with an annual turnover of £51m with around 800 staff.
Five East London authorities have founded a joint working group to maximise the opportunities presented by the Olympics.
It's all go in the East. As we report today, those friendly souls at Linklaters have headhunted two senior lawyers out of Freshfields' Budapest office to bolster its Central and Eastern Europe offering.
SJ Berwin's management met with the firm's associates last week to inform them that salaries would be raised to equal the magic circle as the firm looks to ease public debate over the firm's bonus shake-up.
Companies spend an average of £277,000 on resolving an employment dispute, but could cut costs dramatically if cases were mediated early.
Firms using tailored LPC schemes have hit out at a Department for Constitutional Affairs (DCA) report on diversity, which suggests that the courses may hinder entry into the legal profession.
In recent years there has been an increase in the number of organisations adopting flexible working practices, from the simple opportunity to work occasionally from home to full cross-organisational home or mobile-worker initiatives.
Freshfields Bruckhaus Deringer has scored the lead role advising Japan Tobacco on its £7.5bn bid for British tobacco company Gallaher.
Fried Frank Harris Shriver & Jacobson has launched a second raid on Simmons & Simmons as it launches its Hong Kong office.
As London & European's first head of legal, Gemma Sampson's panel review will eschew the magic circle in favour of medium-sized and regional firms. Vanessa Arora reports
Italian firm Gianni Origoni & Grippo is launching its first Belgian office, luring an official from the European Commission to oversee the opening.
As Google's push to take over the world gathers pace, the company has moved to split its top legal management in the US, at about the same time it has near a dozen vacancies in its UK legal team.
Andrew Gowers' review into IP was published last Wednesday (6 December), potentially heralding the largest shake-up of IP law in the UK for decades.
Taylor Wessing has been having a good ride for the past couple of years, with its profit heading significantly north. So perhaps it was only a matter of time before it suffered a reversal.
Halliwells has begun its assault on China by setting up a team dedicated to the Far East and has scooped a lead role advising on a Chinese AIM listing.
Herbert Smith has negotiated a settlement with the Accountants’ Joint Disciplinary Scheme on behalf of PricewaterhouseCoopers (PwC) which will see the Big Four accountant pay out fines totalling £500,000 plus costs of £1m in relation to the collapse of TransTec.
Herbert Smith has won a notable passing off battle in the High Court today (11 December) for key client BSkyB.
Herbert Smith has continued its hiring spree by raiding Lovells for a heavy-hitting environment partner.
Following a period of deafening silence from the QC appointments secretariat in order for the new silks system to be tweaked somewhat, the 2007 competition has been at long last unleashed (see story).
Hewlett-Packard (HP) has dumped Silicon Valley firm Wilson Sonsini Goodrich & Rosati from its role as primary outside counsel in the wake of the identity fraud scandal surrounding the company.
Technology boutique iLaw Legal Services is aiming to attract associates by offering to pay them more than half of their billings.
JPMorgan Chase & Co has hired WilmerHale’s highly-rated co-chair of securities Stephen Cutler as worldwide general counsel.
The Court of Appeal this morning (Tuesday 12 December) rejected an application to have the Government’s decision to invade Iraq examined by judicial review.
Human rights organisation Justice has raised concerns over the Lord Chancellor’s plans to allow judges to return to practice after leaving the bench.
The Legal Services Bill had its second reading in the House of Lords last week (6 December). The bill received a lively reception, with several distinguished lords and ladies getting up to have their say on the 'Clementi-isation' of the legal profession - they even invented a new word.
Kirkpatrick & Lockhart Nicholson Graham confirmed last night (14 December) that it is to merge with US firm Preston Gates & Ellis.
The Kite Consultancy has bolstered its strategic consultancy service with the appointment of former DaimlerChrysler general counsel Chrissi Evans.
Another 38 members of staff at the Law Society were made redundant as its cost-cutting campaign continues. Last Monday's (4 December) redundancy announcement follows an earlier redundancy programme in May this year when 11 members of staff were made redundant and a further 12 vacant posts were frozen. The cuts only affect the society's representative function and not the Solicitors Regulation Authority.
Allen & Overy and its client BAE Systems were celebrating this morning after the Serious Fraud Office (SFO) sensationally dropped its investigation into the company’s involvement with the Al Yamamah defence contract with Saudi Arabia.
November witnessed unprecedented M&A activity on both sides of the Atlantic, gifting some of the world's top law firms a number of big-ticket mandates. US heavyweights Sidley Austin, Cahill Gordon & Reindel and Cravath Swaine & Moore profited from the boom, each scoring a place on at least two of the five most high-profile deals announced last month.
One of Tulkinghorn's scribes was delighted to meet a lawyer the other day who is able to see the sunny side in any given situation. Literally.
Linklaters and a new Indian firm have drawn up a referral arrangement contract that could lead to the magic circle firm having more access to the Indian market.
Linklaters has raided Freshfield Bruckhaus Deringer’s Budapest office of two corporate specialists, bagging a new head of corporate for its own office.
News reaches Tulkinghorn that Addleshaws' new PR chap in London Mark Morley used to perform similar duties for the Catholic church in the UK.
Mayer Brown Rowe & Maw has become the first firm to pounce upon Hammonds’ departing Brussels partners, hiring trade specialist Edward Borovikov and a team of six associates.
McDermott Will & Emery has almost doubled its partner numbers in Italy, hiring three partners from Trivoli & Associati to launch a tax practice.
Milbank Tweed Hadley & McCloy is the first US firm to announce its year-end bonuses, which will match the firm’s bonus rates for its New York counterparts.
Mishcon de Reya consolidated its longstanding relationship with limited company Business Environment (BEL), the serviced office accommodation provider, by landing a lead advisory role on a corporate reconstruction and a £102m refinancing with Nationwide Building Society. Partner Nick Davis led the Mischcons team, which included corporate partner Kevin McCarthy and corporate assistant Mark Hirschfield. ...
Midlands firm Needham & James has moved to new premises in Stratford-upon-Avon.
After just two years at the Court of Appeal, Lord Justice Neuberger is to become the country's youngest Law Lord at the age of 58.
The incoming chairman of the Bar Council Geoffrey Vos QC announced a consultation into who should be regulated by the Bar following the changes expected when the Legal Services Bill is passed.
Norton Rose eyes Sweden as Ashurst takes the plunge" /Norton Rose is sending a promotional taskforce to Sweden to build its profile in the country just as Ashurst confirmed its Stockholm launch last week.
O’Melveny & Myers has promoted a record 18 of its associates to the partnership with the two lawyers elected in London marking the first newly elected lawyers based in its London office.
Paul Hastings Janofsky & Walker is targeting dramatic growth in London in a bid to build the office into the firm's second largest, outgrowing its Los Angeles base.
New York firm Paul Weiss Rifkind Wharton & Garrison has promoted three associates to its partnership, half the number in 2005.
Thanks to Linklaters for inviting Tulkinghorn down to its annual - and by now surely traditional - Christmas party at Hamleys last Tuesday (5 December). As usual the champagne flowed and the gathered clients, lawyers and occasional hack mingled among the toys.
The Environment Agency's legal services team, Taylor Wessing and Scottish firm Semple Fraser, were in court last week to resolve a dispute over the incineration of waste fuels.
Becoming a gay-friendly workplace is quite simply good for business. Stephen Frost reports
Shearman & Sterling is to rebuild its London office with the hire of two partners from Freshfields Bruckhaus Deringer following a string of high-level partner losses.
Pinsent Masons is ramping up its Scottish projects practice after a record year left its Edinburgh and Glasgow offices bursting at the seams.
A new Business Court in Fetter Lane to replace the Commercial Court will be developed by Delancy and Invista Real Estate funds, which has been advised by SJ Berwin’s real estate practice.
Lovells' Tokyo office has acted for longstanding client Softbank Group on its refinancing of its acquisition of Vodafone Japan.
David Spens QC will succeed Fountain Court Chambers' Timothy Dutton QC as leader of the South Eastern Circuit in January 2007. Spens was chair of the Criminal Bar Association in 2004-05 and also sits on the Bar Council. He joined Garden Court Chambers earlier this year from 6 King's Bench Walk. Spens will hold the position for two years in a revision of the circuit's constitutional arrangements. Previously the leader spent three years in office.
Stringer Saul, a 20-partner London firm best known for its life sciences practice, is to become the London office of Canadian giant Fasken Martineau DuMoulin, as first reported on www.the lawyer.com (4 December).
Law firms are not well enough prepared for the impact of the new age discrimination legislation, which came into force in October, according to a new survey.
Law firms, reasonably enough, will strive for any competitive advantage they can get. Paul Hastings, being absolutely no different from any of the rest, appears to have taken the strategic decision to intimidate rivals by hiring a swathe of towering giants.
Taylor Wessing has been rocked by the departure of almost half of its 40-lawyer Berlin office after they quit for US firm Kirkpatrick & Lockhart Nicholson Graham.
To the Barbican, where Tulkinghorn found himself very much at home among the elite of the legal world at the Bar Standards Board (BSB) launch. That's a launch party a year after the BSB was established - but nobody praises barristers for their speed.
It took two years, but yesterday confirmation came that the last remnants of the once proud name Nicholson Graham & Jones is to disappear.
What was your first-ever job?Working as a Saturday girl in Boots in Woodbridge,Suffolk.
Vinson & Elkins is on the verge of ending its Enron nightmare after the lead plaintiffs in the multi-billion dollar Enron Corporation securities litigation class action filed a motion seeking to dismiss the Texan firm as a defendant.
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Head of legal Polly Joseph has left Westfield Shoppingtowns after nearly six years as the chief lawyer for the UK operations of the retail property giant Westfield Group.
Bulgaria and Romania are to join the EU on 1 January 2007. On the horizon Croatia, Turkey and Macedonia are lobbying for accession and could join at some point in the next few years.