11 June 2007

The Lawyer

  • DLA Piper finds figures to fit in

    11-Jun-2007

    Not to be outdone by the flurry of results announcements coming out of the legal community, DLA Piper, which reports on a calendar-year basis, has come up with unaudited figures for the UK financial year.

  • People

    11-Jun-2007

    Hull firm AMJ Solicitors has appointed David Hall as a senior solicitor in its shipping and -transport team. He joins from Newcastle-based Rayfield Mills, where he was principal assistant to founding partner Stephen Mills.

  • 1 Pump Ct leads fight for Zimbabwe rule of law

    11-Jun-2007

    Common law set 1 Pump Court has kick-started a campaign by UK lawyers to save Zimbabwe's rule of law after one of the country's barristers was abducted and beaten by the country's police.

  • A&O raids Simmons to launch in Abu Dhabi

    15-Jun-2007

    Allen & Overy (A&O) has opened its second Middle Eastern office in a month, raiding Simmons & Simmons to launch an office in Abu Dhabi.

  • A&O, CC advise on first Kuwaiti sukuk

    12-Jun-2007

    Clifford Chance and Allen & Overy (A&O) have both landed roles on the first Kuwaiti convertible sukuk.

  • A&O, CC go head-to-head on record Middle East private equity deal

    11-Jun-2007

    Allen & Overy (A&O) has helped secure the largest-ever Middle Eastern private equity transaction.

  • A&O's Italian exodus continues

    15-Jun-2007

    The Milan office of Allen & Overy (A&O) has lost yet another associate, this time to Bonelli Erede Pappalardo.

  • After Litvinenko: special measures for Russia

    11-Jun-2007

    The UK's request to Russia to extradite Andrei Lugovoi, who is implicated in the poisoning of former Russian agent Alexander Litvinenko, was flatly refused by Moscow. Article 63 of the Russian Constitution, cited by Russian officials, prohibits extraditions in political cases.

  • Amnesty accuses Israel of international human rights law violations

    11-Jun-2007

    Israel has been criticised by human rights group Amnesty International for its "blatant violation of international law" in the West Bank.

  • Baker & McKenzie: Gary Senior

    11-Jun-2007

    Under the leadership of Gary Senior Baker & McKenzie's London office has pulled itself out of a post-9/11 slump, but the managing partner's aspirations don't stop there

  • Bakers and Links bullish on Ferrexpo IPO

    14-Jun-2007

    Baker & McKenzie and Linklaters are confident that the London IPO of Ukrainian iron ore company Ferrexpo will go ahead despite legal wranglings in Moscow.

  • Bakers makes up five new partners in London

    15-Jun-2007

    Baker & McKenzie has made up five partners in its London office, bringing the total number in London to 84. They will assume their roles on 1 July.

  • Banking & Finance: Sukuk succour

    11-Jun-2007

    It’s not just pro-Muslim sentiment that is fuelling the emerging Islamic finance market, Government legislation is lending a helping hand too. By Farmida Bi

  • Banking and finance

    11-Jun-2007

    The financial markets have been buoyant for four years and although many commentators predict a downturn, it does not seem to be approaching any time soon.

  • Bar Standards Board sets three-year plan for overhaul

    13-Jun-2007

    The Bar Standards Board (BSB) is set to overhaul the code of conduct for barristers for the first time, setting aside three years for the project.

  • Boxing catch

    11-Jun-2007

    It's the usual story: you launch a chambers, you want to tell people about it, you have a great marketing idea: and in the case of Surrey-based Casalier Chambers, which specialises in sports and equine law, the idea was a horsebox. A luxury horsebox, in fact, presumably complete with luxury straw.

  • Boyes Turner revenue sees 4 per cent rise

    11-Jun-2007

    Boyes Turner has posted a turnover increase of just 4 per cent for 2006-07.

  • Bryan Cave European quest sparks Germany launch

    11-Jun-2007

    US firm Bryan Cave is set to open its first office in Germany, and is eyeing further launches in Brussels, Madrid and Paris as part of an ambitious European expansion plan.

  • CC advises banks on first-ever European climate bond

    11-Jun-2007

    Clifford Chance has won a pan-European mandate to advise the underwriters of the first-ever climate awareness bond, which is expected to be worth up to e1bn (£680m).

  • CC and Freshfields advise banks on Parmalat litigation

    14-Jun-2007

    Clifford Chance and Freshfields Bruckhaus Deringer are preparing for court as the only UK firms to have bagged lead roles advising banks in the Parmalat saga.

  • CC gets busy on PIK documentation

    11-Jun-2007

    Documentation for payment in kind (PIK) loans is undergoing a make over at the moment following pressure from market participants.

  • Charles Russell takes Yamana Gold from AIM to LSE

    12-Jun-2007

    Charles Russell has scored a role advising Canada's Yamana Gold on its graduation from AIM to the London Stock Exchange's main market.

  • Clarkslegal suffers turnover downturn

    11-Jun-2007

    Thames Valley's Clarkslegal saw turnover fall by 3.5 per cent to around £9.9m last year.

  • Clementi begins to take effect

    11-Jun-2007

    Four years ago, when to most people the name Clementi still meant the man from the Pru, Russell Jones & Walker (RJW) snapped up the brand name, call centre technology, website and telephone numbers of the claims manager then dubbed ‘Shames Direct’.It’s a very different legal market now from the one in which RJW struck its deal for Claims Direct. With ...

  • Clifford Chance eyes £40m windfall with Canary Wharf rental scheme

    11-Jun-2007

    Clifford Chance eyes £40m windfall with Canary Wharf rental scheme" /Clifford Chance is seeking to boost its coffers by around £40m in the next 15 years by renting out additional floor space in its Canary Wharf premises.

  • Competency assessment retains talent

    11-Jun-2007

    To grow and develop as effective practitioners, associates must know what is expected of them. Yet in most firms they are left to figure out for themselves the key to professional advancement. Salaries are generally linked to PQE, so are determined by seniority, with limited reward for skills development until associates are considered for partnership. ...

  • DAC reports underwhelming PEP growth

    11-Jun-2007

    Davies Arnold Cooper (DAC) has seen average profit per equity partner (PEP) nudge up by just 4 per cent this year, an indication that the downturn in legal action continues to hit the litigation-focused firm.

  • David Partridge and Robert Evans: Argent

    11-Jun-2007

    Having no specialist team means Argent is relying on its legal ties as it redevelops London's King's Cross area. By Jon Parker

  • Dawsons punches through £10m mark

    11-Jun-2007

    Lincoln's Inn firm Dawsons Solicitors has posted record figures for the past financial year, with turnover breaking through the £10m barrier for the first time.

  • DLA Piper confirms Munich entrance

    13-Jun-2007

    DLA Piper is set to add to its empire of offices with a launch in Munich, in a bid to crack the German IP/IT market.

  • DLA Piper moves to boost German regulatory team

    12-Jun-2007

    DLA Piper has boosted its Hamburg office with the appointment of a high-profile professor from the city's Bucerius Law School.

  • DWS hikes salaries by 17 per cent

    13-Jun-2007

    Denton Wilde Sapte (DWS) is the latest firm to announce salary increases, with a 17 per cent rise for newly qualified (NQ) lawyers.

  • DWS scoops Dubai energy exchange launch role

    11-Jun-2007

    Denton Wilde Sapte (DWS) has landed a lead role advising on the launch of the Dubai Mercantile Exchange (DME), the first energy and futures exchange in the Middle East.

  • East Anglia

    11-Jun-2007

    Competition increased in East Anglia recently when two major firms opened offices there.

  • Eversheds farms out IT systems

    11-Jun-2007

    Eversheds has outsourced its IT systems to Computacenter Services in a £27m deal.

  • Eversheds rocks in hendrix appeal case

    11-Jun-2007

    Eversheds has won in the Court of Appeal for Experience Hendrix, the estate of Jimi Hendrix. Purple Haze Records reproduced one of Hendrix's Swedish shows without permission, but the court held that performers who died before the Copyright Act 1989 came into force are entitled to have their rights asserted, even if the show was in a country not in the EU at the time of the performance. Eversheds ...

  • Figure plugging

    11-Jun-2007

    Tulkinghorn was feeling unusually charitable last week.

  • Fladgates beats Camerons to secure Palace victory

    15-Jun-2007

    Fladgate Fielder has scored a win for Crystal Palace FC against former manager Iain Dowie.

  • Freshfields and Cleary act on £3.1bn German bank disposal

    15-Jun-2007

    The German offices of Freshfields Bruckhaus Deringer and Cleary Gottlieb Steen & Hamilton have scooped lead roles on the federal state of Berlin's €4.6bn (£3.1bn) sale of an 81 per cent stake in Landesbank to Deutsche Sparkassen-und Giroverband öK.

  • Freshfields scoops Permira role on Valentino deal

    13-Jun-2007

    Freshfields Bruckhaus Derringer has underscored its position advising on borrower financing in the private equity market by landing the lead role on Permira's acquisition of Valentino.

  • From Tiger Tim to Tree-hugger Tony

    13-Jun-2007

    The day after Tim Henman crashed out in the first round at Queen’s, his family firm was busy having a clear out of its own.

  • FSA actions market abuse investigation

    11-Jun-2007

    The Financial Services Authority (FSA) is conducting an investigation into insider dealing that will force lawyers to abide by the Market Abuse Directive 2005.The City watchdog is scrutinising four major corporate deals after it estimated that insider dealing takes place on between a quarter and a third of all public transactions. As part of the project, which is due to report its findings next month, the FSA picked three deals in which it suspected that insider ...

  • German trio boosts Lovells litigation team

    14-Jun-2007

    Lovells has boosted its dispute resolution team in Germany with the hire of a team from German independent Aderhold von Dalwigk Knüppel.

  • Gomez-Acebo divorces Portuguese ally

    11-Jun-2007

    Gomez-Acebo & Pombo has split from its Portuguese ally Vieira de Almeida & Associados, following a review of its international strategy.

  • Govt builds team to fend off the vultures

    11-Jun-2007

    The dreaded phrase 'vulture funds' last week reared its ugly head last week after the G8 summit brought the world's attention back to the plight of African countries. Apparently, the best legal minds in the UK are being brought together to ensure that the situation in Zambia never happens again.

  • Hammonds in bid to shore up regions

    11-Jun-2007

    Hammonds is embarking on a major overhaul of its regional business, kicking off with a £9m root-and-branch upgrade of its 26-partner Birmingham office.

  • Hammonds lays down gauntlet to ex-partners

    12-Jun-2007

    After several months of threats, Hammonds finally filed its claim against a bunch of former partners who have failed to repay a share of the firm's profit previously distributed to them. See story.

  • Hammonds sues 14 former partners

    11-Jun-2007

    Hammonds has followed through on its threat to sue a group of 14 partners who it alleges owe the firm money.

  • Harper Macleod strives to reduce lock-up with billing overhaul

    11-Jun-2007

    Scottish mid-sized firm Harper Macleod has introduced a shake-up of its billing process aimed at improving its working capital position.

  • Henmans pulps eight tonnes of client files

    13-Jun-2007

    Oxford-based Henmans has turned over eight tonnes of client files into household tissues, after a clearout and recycling drive at its old offices in the University town.

  • Herbies' Gold says 'no' to Gleiss-Stibbe merger

    11-Jun-2007

    Herbert Smith senior partner David Gold has outlined his plan to drive the firm's European alliance forward, but has ruled out the need for a merger.

  • Herbies scoops Lehman's Mifid expert

    14-Jun-2007

    Herbert Smith has hired a senior lawyer from Lehman Brothers as a non-contentious regulatory specialist for the firm’s growing financial services regulatory (FSR) practice.

  • Hogan hires Freshfields’ French IP head

    12-Jun-2007

    Freshfields Bruckhaus Deringer has lost its second European partner to a US firm in a week after Paris IP head Xavier Buffet Delmas defected to Hogan & Hartson.

  • Holman increases profit as PEP stalls

    11-Jun-2007

    Holman Fenwick & Willan's net profit has grown by more than 20 per cent for the second year in a row, but growth in average profit per equity partner (PEP) has slowed.

  • Howrey wins Lovells antitrust star

    11-Jun-2007

    Howrey has launched a London antitrust practice after raiding Lovells for competition litigation partner Tom McQuail.

  • Irwin Mitchell fights coroners in court

    11-Jun-2007

    The date has been set for what could be a landmark legal action for Irwin Mitchell in relation to decisions made by coroners.

  • It's all about the money honey

    15-Jun-2007

    The market's been buzzing all day about the latest massive salary hike by a US firm. As we reveal today, Weil Gotshal & Manges has raised its newly qualified salary to £90,000 - within shouting reach of London's other big payers Latham & Watkins (£96,000) and Cleary Gottlieb Steen & Hamilton (£92,000).

  • Kallipetis launches Independent Mediators

    15-Jun-2007

    Former Littleton Chambers head Michel Kallipetis QC and chief executive David Douglas have reunited to launch a mediation outfit known as Independent Mediators.

  • Kirkland scoops Change Capital sale

    11-Jun-2007

    Kirkland & Ellis is advising longstanding private equity client Change Capital Partners on the sale of portfolio company Hillarys Blinds to Bellotto Acquisition. London-based corporate partner Matthew Hurlock is leading the deal. Kirkland was lead counsel for Change Capital, a privately owned company that focuses on mid-market deals throughout Western Europe, when it bought Hillarys from ...

  • Kirklees Council selects chambers for first barrister panel

    11-Jun-2007

    Kirklees Metropolitan Council in West Yorkshire has created a panel for barristers, becoming one of the first local authorities in England and Wales to do so.

  • Law firms pledge to go green in wake of World Environment Day

    11-Jun-2007

    Dozens of law firms showed off their green credentials last week by embracing the normally low-profile UN World Environment Day (5 June).

  • LeBoeuf bags Jacko lawyer for media launch

    11-Jun-2007

    LeBoeuf Lamb Greene & MacRae has merged with the entertainment boutique of one of pop star Michael Jackson's lawyers and plans to expand the entertainment practice globally.

  • LeBoeuf wins Chadbourne project finance team

    11-Jun-2007

    LeBoeuf Lamb Greene & MacRae has raided Chadbourne & Parke, poaching a London-based project finance team led by Nabil Khodadad.

  • Legal profiles climb, but City nears limit on tall building development

    11-Jun-2007

    BLP, Herbies and Linklaters have dominated thus far - so what next? asks Jon Parker

  • Linde legal chief quits for 'new challenge'

    11-Jun-2007

    Linde chief legal officer Nick Deeming is to step down this September, stating that he is "looking for a new challenge".

  • Lovells fails with super-casino challenge

    11-Jun-2007

    The British Casino Association (BCA) challenge against the Government's super-casino regulations has failed in court.

  • Lovells offers secondments to bulk up in Dubai

    11-Jun-2007

    Lovells is seeking to beef up its Dubai presence a month after opening in the Emirate as well as offering trainees a seat in the office from September. From its launch on 1 May the office has had five partners, headed by banking and project finance specialist Shibeer Ahmed, and eight associates. A further seven associates, who have already been recruited, are set to arrive periodically between now and the start of October. Ahmed is also conducting further interviews.

  • Lovells outdoes Becks' appeal

    11-Jun-2007

    The Lawyer's thanks go out once again to Lovells for its annual press bash, thrown last Wednesday (6 June).

  • Lovells' Prof-Media relationship blooms

    11-Jun-2007

    Lovells has cemented its relationship with Russian media company Prof-Media, advising on its purchase of Wayfarer Media, the holding company of MTV Russia and VH1 Russia.

  • Lovells' Tokyo boss quits for Australia’s AAR

    12-Jun-2007

    Australian firm Allens Arthur Robinson (AAR) has swooped for Lovells' Tokyo managing partner Tim Lester.

  • Maples and Calder boosts associate numbers

    11-Jun-2007

    Offshore firm Maples and Calder has promoted finance and capital markets associate Stacey Overholt to the partnership.

  • Michelmores turnover leaps 19.5 per cent

    11-Jun-2007

    South West firm Michelmores continued its impressive turnover growth in 2006, posting a 19.5 per cent increase to £13.5m, from £11.3m in 2005. The 32-partner Exeter-based firm, which also has an office in London’s Piccadilly, exceeded that growth with its average profit per equity partner figure, which increased by 37 per cent to £248,800. Thirteen of Michelmores’ partners are full equity, ...

  • Morgan Cole profit defies stagnant turnover

    11-Jun-2007

    Wales-based Morgan Cole has recorded a disappointing turnover for the second year running, while achieving a second year of increased average profit per equity partner (PEP).

  • No 5 appoints new family head

    11-Jun-2007

    Lorna Meyer QC has returned to No 5 Chambers' Birmingham office to head the family law group, having first been a member of the group almost 20 years ago.

  • Norton Rose beats A&O to advise UK-Netherlands electricity tie-up

    11-Jun-2007

    Norton Rose has scooped the advisory role for a multimillion-pound tie-up between the UK's National Grid and Dutch electricity supplier TenneT.

  • Olswang ushers New Star on to LSE

    15-Jun-2007

    Olswang has acted for longstanding client New Star Asset Management on its return of £364m to shareholders and admission to the London Stock Exchange’s official list.

  • Partner-power is back in vogue

    11-Jun-2007

    After years of telling us they wanted to be seen more as corporations than partnerships, the latest trend for law firms seems set to reverse this. Well, that is if Herbert Smith senior partner David Gold can be seen as a trendsetter.

  • Public takeovers: The battle for AWG

    14-Jun-2007

    Another high-profile listed company was taken private when AWG was taken over by a consortium of infrastructure investors. Freshfields Bruckhaus Deringer’s Simon Weller gives a blow-by-blow account of the deal

  • Racing ahead

    11-Jun-2007

    East Anglia has become a development hot spot. Law firms need to create specialist teams to keep up with the changes, says Laura Holdaway

  • Raft of firms win aquarium roles

    11-Jun-2007

    Linklaters, Ashurst, Stephenson Harwood and Hempsons have advised on a deal sealing the construction of Biota, the new public aquarium to be built at Silvertown Quays in London's Docklands. The £90m scheme is being undertaken ...

  • RJW goes all out for post-Clementi campaign

    11-Jun-2007

    Russell Jones & Walker (RJW) is heralding the relaunch of its Claims Direct business by spending £5m on an advertising campaign that will include daytime television commercials.

  • Robert Muckle recruits from local rivals

    11-Jun-2007

    Newcastle-based Robert Muckle has raided its local rivals for two new partners, hiring Dickinson Dees senior lawyer Alan Grisedale and Ward Hadaway partner Matt Collen.

  • Seeing the lite

    11-Jun-2007

    Banks might be reluctant to get involved with covenant-lite deals, but strong demand from private equity funds is set to change this. By Chris Howard and Christopher Davis

  • Shepherd & Wedderburn enjoys 13 per cent turnover growth

    13-Jun-2007

    Shepherd & Wedderburn has posted a 13 per cent increase in fee income for the second year running.

  • Simmons knocked from UK top 10 as revenue rise falls short

    11-Jun-2007

    Turnover at Simmons & Simmons has increased by 10 per cent, from £227m to £250.6m, during the last financial year.

  • Slaughters and Weil seal Terra Firma's Thresher divestment

    11-Jun-2007

    Slaughter and May and Weil Gotshal & Manges have secured key roles advising on Terra Firma's sale of the Thresher Group to a consortium led by private equity and pensions investor Edmund Truell.

  • Spain's Ramón & Cajal bulks up to align with alliance partner MBRM

    11-Jun-2007

    Spanish firm Ramón & Cajal Abogados has boosted its corporate, litigation and labour law practices to help service its new alliance with Mayer Brown Rowe & Maw (MBRM).

  • Sperm aside

    11-Jun-2007

    What impression should a law firm's reception give its clients? Competitive? Creative? Productive? Team player? Upwardly mobile? All of the above, Tulkinghorn reckons. And what better represents those qualities than a big group of sperm?And so it is that Cornelius Medvei, Eversheds art-loving head of London, Cambridge and Norwich, has installed a picture of the little swimmers in the reception of ...

  • Stephenson Harwood PEP hits record levels

    11-Jun-2007

    Stephenson Harwood PEP hits record levels" /Stephenson Harwood has reported record figures for the second year running with a 30 per cent increase in average profit per equity partner (PEP).Last year PEP increased by 45 per cent up to £407,000 from £208,000 the year before. This year ...

  • Stephenson Harwood trains partners to communicate with trainees

    14-Jun-2007

    Stephenson Harwood has launched a partner training scheme in a bid to strengthen relationships between partners, associates and trainees

  • Stones' figures on the up after rejig

    11-Jun-2007

    South West firm Stones Solicitors' year of reorganisation, during which it closed its under-performing Sidmouth office, saw its turnover inch up by £100,000 to £7.9m.

  • Taylor Wessing's global turnover tops £160m

    14-Jun-2007

    Taylor Wessing has revealed its finalised global figures for 2006-07, posting an increase in total revenue of 13 per cent to £161.1m.

  • Taylor Wessing's lucky 13

    14-Jun-2007

    Taylor Wessing is the latest firm to release financials for the 2006-07 period, posting an increase in total revenue of 13 per cent. See story.

  • The revolution begins: MBRM embraces a new culture

    11-Jun-2007

    The new management team at Mayer Brown Rowe & Maw (MBRM), which was officially crowned last week, has already vowed to push forward the revolution in the firm's partnership culture.

  • The work-life quiz with Boyan Wells

    11-Jun-2007

    What was your first-ever job?Paper boy.

  • Third partner jumps ship from McDermott London

    11-Jun-2007

    McDermott Will & Emery has lost its third London partner within a month after IP litigator Duncan Curley quit the firm to set up his own consultancy.

  • Top of the PEPs

    12-Jun-2007

    Maclays leaves the tartan behindFor years, Maclay Murray & Spens has been one of the hardest Scottish firms to penetrate financially (apart from the law unto itself that is Dickson Minto, that is).

  • Tour de force

    11-Jun-2007

    Anyone who knows K&L Gates partner Warren Phelops will testify that the corporate lawyer has long been known as one of the fittest of his ilk in the City. Many are the miles that Phelops has clocked up on his trusty ergo.

  • Trainees get their way

    14-Jun-2007

    You might think that when you join a law firm you’re the smallest cog in a very large machine. But trainees have a bit more of a voice than you might think.

  • Treasury Solicitor demands Catalist compliance

    13-Jun-2007

    The Treasury Solicitor has told governmental departments that they must use the new Catalist super-panel of law firms, which OGCbuying.solutions has extended to 48 firms with an expected legal spend of £48m over the course of its four-year lifespan.

  • Trowers & Hamlins: the swan emerges

    11-Jun-2007

    From housing association champion to Middle East king: Trowers & Hamlins may appear to have an odd form, but it has proved its unusual mix of practices can work, and work well

  • Turcan Connell calls for Scots ABS

    11-Jun-2007

    Scottish private client leader Turcan Connell has written to the Law Society of Scotland demanding it provide alternative business structures for law firms to meet client needs.

  • Value judgment

    11-Jun-2007

    More companies are releasing value from their real estate assets thanks to the Opco/Propco model. By Lucy Wolley Dod and Sean Crosky

  • Veale Wasbrough makes triple promotion

    11-Jun-2007

    Bristol based law firm Veale Wasbrough has grown its partnership by promoting three of its lawyers. Commercial litigation specialist Michelle Rose becomes partner and head of estates and tax planning.

  • Walker Morris claims healthy results after practice sell-off

    11-Jun-2007

    North West firm Walker Morris has reported an increase in average profit per equity partner (PEP) of 11 per cent and a turnover increase of a little more than 5 per cent for the 2006-07 financial year.

  • Web week

    11-Jun-2007

    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.

  • Weil Gotshal ups NQ pay to £90k

    15-Jun-2007

    Weil Gotshal & Manges’ London associates now earn more than their counterparts in New York after a 20 per cent pay hike in London.

  • Who is top of the PEPs?

    11-Jun-2007

    This week The Lawyer is launching Top Of The Peps, a rolling blog on www.thelawyer.com on this year's financial results from the UK's top 200 law firms.The commentary, by editor Catrin Griffiths and associate editor Matt Byrne, will include regularly updated charts on revenues and average profit per equity partner.It will provide the definitive inside track on the performance of the UK's biggest law firms - and the stories behind the figures.

  • Woolf places Blackstone at heart of BAE furore

    12-Jun-2007

    Blackstone Chambers has found itself at the centre of the BAE Systems controversy with member Lord Woolf set to lead the BAE independent ethics committee while some of Blackstone’s leading barristers lead the legal fight against the defence company.

  • YouGov poll reveals US firms lack pulling power

    15-Jun-2007

    UK firms could be winning the battle for talent, as exclusive research by The Lawyer reveals that only 7 per cent of associates found US firms to be the most attractive employers.