11 July 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.
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.
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,
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.
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" /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 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 McCutchen has bolstered its New York office with another raid on Fried Frank Harris Shriver & Jacobson.
Bird & Bird has opened its twelfth international office in Rome just two weeks after announcing its launch in Frankfurt.
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.
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.
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.
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.
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.
The collaterised debt obligation (CDO) market, on which many highly profitable practices are based, is facing mounting criticism for its volatile and risky nature.
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.
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.
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 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.
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.
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 ...
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.
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.
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 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 senior partner Anthony Salz is to retire - plunging the magic circle firm into its first set of leadership elections for five years.
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 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.
London lawyers rise to terror attack challenge
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.
It may be time to take a realistic appraisal of your push for partnership, argues William Cook
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
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 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, patent agents and trade mark attorneys will have the chance to become judges under changes designed to increase diversity in the judiciary.
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!"
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
The House of Lords has overturned a decision made 25 years ago that has governed the way creditors are paid in insolvency cases.
Twenty-one per cent slide in partner profits last year prompts radical plans to boost performance
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 ...
The independent QC selection panel today launched the application process.
Lawyers for London's Olympic bid vowed to go full steam ahead with the Olympic plans, despite the terrorist attacks on London last week.
Camerons' managing partner on why lockstep remuneration benefits clients and partners. By Dick Tyler, managing partner, CMS Cameron McKenna
Osborne Clarke has advised private equity group 3i on its successful bid to buy parking services and traffic management company NCP for £555m.
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.
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 is more than holding its own against corporate and finance rivals. By Joanne O'Connor
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.
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
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.
Tough economic conditions and continuing controversy have left the pension sector in crisis, but new legislation could turn things around. Brendan Brown reports
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" /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.
Niche litigation practice Spring Law has scored a victory against Denton Wilde Sapte (DWS) in a High Court case brought against yachtswoman Tracy Edwards.
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.
Corporate partners from Sullivan & Cromwell, Skadden Arps Slate Meagher & Flom and Chiomenti Studio Legale have emerged as the top European rainmakers.
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
David Tyson, head of litigation, Keoghs
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.
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.
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.