11 July 2005

The Lawyer

  • A&O acts for RBS on Trafford CMB issuance

    11-Jul-2005

    Allen & Overy (A&O) advised arranger Royal Bank of Scotland (RBS) on a tranche of commercial mortgage-backed notes (CMBs) issued by Trafford Centre Finance.

  • A&O has £59m cash in reserve

    11-Jul-2005

    Allen & Overy (A&O) has built up a cash surplus of £59m at the end of its financial year, according to provisional LLP accounts seen by The Lawyer.

  • A&O LLP accounts : a milestone in financial reporting

    11-Jul-2005

    Allen & Overy's (A&O) decision to publish its limited-liability partnership (LLP) accounts is a milestone in financial reporting in the legal profession. A&O isn't the first firm to do this: Eversheds, Harbottle & Lewis,

  • Action group takes Law Society Council to task over government links

    11-Jul-2005

    A group of Law Society members has hit out at its representative body for becoming too close to government and out of touch with the needs of the profession ahead of this Thursday's (14 July) annual general meeting.

  • AGS, Clayton Utz top Australian govt's A$174m legal outgoings

    11-Jul-2005

    The top 20 law firms to the Australian government will reap almost A$174m (£73.5m) in legal fees this year, with Clayton Utz taking top spot as the biggest-billing private practice firm.

  • Allen & Overy reveals first magic circle LLP accounts

    11-Jul-2005

    Allen & Overy reveals first magic circle LLP accounts" /Allen & Overy (A&O) is the first of the magic circle firms to release its limited-liability partnership (LLP) accounts, a move that will almost inevitably be followed by Clifford ...

  • Ashurst scores Legoland acquisition

    15-Jul-2005

    Ashurst has secured another leading role for Blackstone Capital Partners, advising opposite Clifford Chance on the private equity group’s EURO375m acquisition of Legoland Parks

  • Bingham launches second raid on Fried Frank

    13-Jul-2005

    Bingham McCutchen has bolstered its New York office with another raid on Fried Frank Harris Shriver & Jacobson.

  • Bird & Bird extends global reach with Rome opening

    11-Jul-2005

    Bird & Bird has opened its twelfth international office in Rome just two weeks after announcing its launch in Frankfurt.

  • Californian firms lose out to US rivals

    11-Jul-2005

    California's top law firms appear to be falling behind their US competitors after most of the state's top firms slid down the US rankings in terms of gross revenue.

  • Careers: In brief

    11-Jul-2005

    The Association of Women Solicitors and the Young Solicitors Group hosted a half-day conference on the practice and practicalities of flexible working within the legal profession. The conference, entitled 'The Flexible Alternative', was held at The Law Society in London on 23 June 2005.

  • Careers: People

    11-Jul-2005

    Bristows has promoted Maria Isabel Manley to partnership. Manley, who advises on both contentious and non-contentious issues, joined the firm in 2003 and specialises in regulatory and competition law.

  • CC takes M&A crown from rival

    11-Jul-2005

    Clifford Chance has scored a triple victory after topping the European M&A league tables published by Bloomberg, Thomson Financial and Mergermarket for announced deals.

  • CC to assist in Deepcut Review case

    11-Jul-2005

    Clifford Chance has been brought on board to assist with the ongoing independent Deepcut Review just days after the investigation missed the original deadline for the delivery of its findings.

  • CDO market under fire as lawyers face court action

    11-Jul-2005

    The collaterised debt obligation (CDO) market, on which many highly profitable practices are based, is facing mounting criticism for its volatile and risky nature.

  • Chadbourne moves in on Coudert's Central Asia business

    11-Jul-2005

    New York firm Chadbourne & Parke became the latest firm to benefit from the disintegration of Coudert Brothers when it took on a team from its Kazakhstan office last week.

  • Click clique

    11-Jul-2005

    The great and the good of Taylor Wessing gathered at the National Portrait Gallery last Monday night (4 July) for a preview of the World's Most Photographed Exhibition.

  • Cooley Godward to launch in Washington

    12-Jul-2005

    West Coast firm Cooley Godward is to open an office in Washington DC following a raid on DLA Piper Rudnick Gray Cary which has included the hire of the former managing partner of Gray Cary’s Washington office.

  • De Brauw, Simpson Thacher scoop $7bn VNU merger

    11-Jul-2005

    De Brauw Blackstone Westbroek and Simpson Thacher & Bartlett are putting the finished touches to the $7bn merger of two market research companies, VNU and IMS Health Incorporated.

  • Deals Comment

    11-Jul-2005

    Linklaters' role advising Montagu Private Equity on the sale of the Actaris group to LBO France is further evidence that the firm did well to secure the lateral hire of private equity expert Michel Frieh last year.

  • Deals round-up

    11-Jul-2005

    Dickson Minto, led by Peter Uni, is advising French equity group PAI Partners on its £800m acquisition of tyre and car parts retailer Kwik-Fit. PAI won the auction over rival bidders Kohlberg Kravis & Roberts, advised by Clifford Chance, and Bridgestone. According to reports, Michelin, the world's number two tyre ...

  • Dundas staff reap £1m in bonus payments after record year

    11-Jul-2005

    Scots giant Dundas & Wilson is to gift staff over £1m in bonus payments after reporting double-digit growth in turnover in the last financial year.

  • Firm profile: Forum Law

    11-Jul-2005

    Most of the big claimant personal injury (PI) firms have “fallen asleep at the wheel”, claims Jeff Zindani, managing director of Forum Law. “They’ve remained static while the market has changed fundamentally, both in terms of what consumers want from their lawyers and the costs base,” he adds.

  • Football friendly

    11-Jul-2005

    The Lawyer Fives five-a-side football championship on Sunday (3 July) once again gave some of the legal market's most highly tuned athletes the chance to show off their silky skills. Teams from all sectors - magic circle, US firms, barristers chambers and even the Metropolitan Police - converged on the Powerleague Five-A-Side Centre in Mill Hill to compete.

  • Freshfields and DWS advise on Rentokil rejig

    11-Jul-2005

  • Freshfields loses chief to World Bank

    11-Jul-2005

    Freshfields Bruckhaus Deringer has lost the head of the firm's project finance group in Asia to the World Bank. At the same time, Kirkland & Ellis has raided the bank for its new restructuring partner.

  • Freshfields set for management shake-up as Salz quits

    11-Jul-2005

    Freshfields senior partner Anthony Salz is to retire - plunging the magic circle firm into its first set of leadership elections for five years.

  • Freshfields wins GSCP's buyout of Pirelli Cavi

    11-Jul-2005

    Freshfields Bruckhaus Deringer has advised Goldman Sachs Capital Partners (GSCP), the US-based private equity arm of Goldman Sachs, on its first major investment into Italy.

  • Gide scoops its first English law deal from Akbank

    11-Jul-2005

    Gide Loyrette Nouel has seen its investment in English law capability pay off with a role on the largest securitisation deal in Turkey, issued by Akbank.

  • Grapevine

    11-Jul-2005

    London lawyers rise to terror attack challenge

  • Icap on the lookout for HK lawyer

    11-Jul-2005

    Specialist intermediary broker Icap is searching for a senior lawyer in Hong Kong to launch the company's first legal capability outside the UK and US.

  • Improving can mean moving

    11-Jul-2005

    It may be time to take a realistic appraisal of your push for partnership, argues William Cook

  • James Healy-Pratt: Amlin

    11-Jul-2005

    US claims keep Amlin's legal team of three on its toes, but it still manages to be one of the few listed Lloyd's insurers and a market leader. Joanne Harris reports

  • Kramer Levin raids Paul Hastings for land use team

    13-Jul-2005

    Berwin Leighton Paisner’s US alliance partner Kramer Levin Naftalis & Frankel has raided rival American firm Paul Hastings Janofsky & Walker to hire a group of six land use specialists.

  • Lawrence Graham in partner U-turn

    11-Jul-2005

    Lawrence Graham has made up a lateral hire to its partnership just weeks after revealing that the firm would not be making up any partners internally this year.

  • Legal executives to join the judiciary

    13-Jul-2005

    Legal executives, patent agents and trade mark attorneys will have the chance to become judges under changes designed to increase diversity in the judiciary.

  • Legal Widow

    11-Jul-2005

    Deminimus asked the Lawyer to photocopy a chapter of a book on monasteries for his class project. "Go on Dad, the photocopier at the library's broken. Your secretary could do it!"

  • Liberty hell

    11-Jul-2005

    A&O associates have pitched in with other legal heavyweights to form the 'Guantanamo Bay Bar Association', helping bring justice a day at a time for a group of Yemeni nationals. By Jon Robins

  • Lords reverses 25-year-old ruling on creditor payment

    11-Jul-2005

    The House of Lords has overturned a decision made 25 years ago that has governed the way creditors are paid in insolvency cases.

  • Lovells puts partners under profit spotlight

    11-Jul-2005

    Twenty-one per cent slide in partner profits last year prompts radical plans to boost performance

  • National pro bono scheme set up for employment law sector

    11-Jul-2005

    The Employment Lawyers Association (ELA) and the Solicitors Pro Bono Group (SPBG) this month announced the launch of a national pro bono scheme to link employment lawyers with those in need of advice. It aims to be the UK’s premier mechanism for allocating employment-related pro bono work, with a panel of 30 firms. The groups have created a panel of assessors, all of whom are senior employment lawyers, to review cases and decide the work required, the assistance needed and whether the ...

  • New QC appointment system launched

    11-Jul-2005

    The independent QC selection panel today launched the application process.

  • Olympic plans shrug off threat of terrorism

    11-Jul-2005

    Lawyers for London's Olympic bid vowed to go full steam ahead with the Olympic plans, despite the terrorist attacks on London last week.

  • Opinion

    11-Jul-2005

    Camerons' managing partner on why lockstep remuneration benefits clients and partners. By Dick Tyler, managing partner, CMS Cameron McKenna

  • Osborne Clarke wins £555m NCP deal

    13-Jul-2005

    Osborne Clarke has advised private equity group 3i on its successful bid to buy parking services and traffic management company NCP for £555m.

  • Pen pinchers

    11-Jul-2005

    Whenever Tulkinghorn visits a firm he feeds his stationery fetish by helping himself to branded pens, pencils and notepads. Indeed, he rather likes the pens in Allen & Overy's (A&O) meeting rooms and often takes a couple of them away with him - with permission, of course.

  • Rambaud Martel in jeopardy as US rivals launch raids

    11-Jul-2005

    US firms Reed Smith and Proskauer Rose have launched a blistering attack on leading French independent Rambaud Martel, splitting the firm in half and throwing its future into doubt.

  • Real estate groups prove their worth in the turnover stakes

    11-Jul-2005

    Real estate is more than holding its own against corporate and finance rivals. By Joanne O'Connor

  • Record year for Browne Jacobson as PEP rises 37 per cent

    13-Jul-2005

    Browne Jacobson has reported a record 37.4 per cent increase in average profit per equity partner (PEP) and a 12 per cent rise in turnover to £27m.

  • Regulators rule

    11-Jul-2005

    With new powers covering anti-avoidance issues, the pension regulator is someone businesses should be taking a lot more seriously. By Peter Murphy and Ian Cormican

  • Republican't

    11-Jul-2005

    Reversing the trend of European lawyers looking towards the glitz of New York, Manhattan solo attorney Livius Ilasz has revealed that he is ready to give it all up in favour of running Poland.

  • Rest easy

    11-Jul-2005

    Tough economic conditions and continuing controversy have left the pension sector in crisis, but new legislation could turn things around. Brendan Brown reports

  • Sidley in joint venture with management consultants

    11-Jul-2005

    Sidley Austin Brown & Wood has embarked on a joint venture with management consultants World Class International (WCI) to offer pharmaceutical companies regulatory advice

  • Skadden tightens Doughty ties

    11-Jul-2005

    Skadden tightens Doughty ties" /Skadden Arps Slate Meagher & Flom's London office has confirmed its place as the lead corporate adviser to Doughty Hanson & Co after landing its second significant transaction for the private equity group in quick succession.

  • Spring Law sinks Tracy Edwards' defence

    11-Jul-2005

    Niche litigation practice Spring Law has scored a victory against Denton Wilde Sapte (DWS) in a High Court case brought against yachtswoman Tracy Edwards.

  • Stop press

    11-Jul-2005

    The QC selection panel will today (11 July) sound the starting gun for the return of silk. It is expected to unveil detailed plans governing the process, including the application deadline. Suspended in 2004, the QC appointment system has been radically overhauled and will have to deal with an anticipated 1,000 or more applicants in its first year.

  • Sullivan star tops European M&A tables

    13-Jul-2005

    Corporate partners from Sullivan & Cromwell, Skadden Arps Slate Meagher & Flom and Chiomenti Studio Legale have emerged as the top European rainmakers.

  • The end is high

    11-Jul-2005

    The Government faces a tough sell in trying to navigate a reduction in the local government pension scheme through a union minefield. By Jane Marshall and Wendy Hunter

  • The work-life quiz

    11-Jul-2005

    David Tyson, head of litigation, Keoghs

  • White & Case leaves Rome to focus on Milan

    11-Jul-2005

    White & Case is to close its Rome branch at the same time as the firm is flying one of its most senior finance partners over from New York to bolster its Milan practice.

  • Wilmer Cutler telecoms star joins Ofcom board

    15-Jul-2005

    Stephanie Liston, the co-head of Wilmer Cutler Pickering Hale & Dorr’s European communications and e-commerce group, has been appointed a non-executive director of Ofcom.

  • Wragges scores Arsenal FC work

    11-Jul-2005

    Wragge & Co has landed Arsenal FC as a new client after winning a mandate to advise the Premiership football club on the multimillion-pound redevelopment of its Highbury stadium.