12 February 2007
Barlow Lyde & Gilbert (BLG) is bracing itself for a flat profit at the end of the fourth financial year in a row. The firm, best known for insurance and professional indemnity-related litigation, has posted an average profit per equity partner (PEP) of £380,000 each year since 2004.
Jersey-based Ogier has appointed Nick Kershaw as managing partner of its Jersey practice, replacing Sarah Fitz.
ADR is on the up, and litigators are finding themselves having to adapt. By Nina Goswami
Russell Jones & Walker is set to become the first law firm to take advantage of the legal reforms recommended by Sir David Clementi, with a radical overhaul of its entire business structure.
WilmerHale was hit by a thunderbolt late last Friday (9 February) when its three leading corporate partners quit to help set up the London office of US firm Heller Ehrman. See story.
"Good morning Berwin Leighton Paisner," (BLP) is the sound that has greeted thousands of eager - and probably anxious - clients over the past year, the soothing yet professional clear tones of a warm and welcoming switchboard operator at one of London's preeminent law firms.
The Bar Standards Board (BSB), the new regulatory body for barristers, has appointed two new heads.
BLG, one of the City's most old-fashioned firms, is playing catch-up with the rest of the more nimble legal market. Will the overhaul pay off?
Bircham Dyson Bell has moved out of social housing. Well, the practice area at least. The firm's Victoria offices are quite nice, actually.
The beginning of 2007 has been a busy period, both for the Benelux region and for the wider European area influenced by legislation coming out of Brussels.
At least 18 of the largest US-based firms have announced growth in both profit and turnover for 2006.
DLA Piper and Wragge & Co have won significant new instructions from Birds Eye Iglo, the frozen food manaufacturer that was spun out of Unilever for £1.16bn in November last year.
So, Olswang is facing up to a future without its wunderkind Jonathan Goldstein. Publicly everything is, if not rosy, then at least amicable, with the firm's senior partner Mark Devereux wishing Jonny well at every opportunity.
Bristol-based Bond Pearce is in the midst of a radical overhaul of its career structure.
Burges Salmon appoints senior partner" /Bristol-based Burges Salmon has elected commercial property chief Stephen McNulty as its new senior partner. McNulty was appointed to the position at the firm's annual conference last month (January), replacing Bob Smyth, who will continue as a partner in the firm's ...
LCH.Clearnet and Euronext have turned to their respective longstanding advisers to steer them through their restructuring, instructing Clifford Chance and Cleary Gottlieb Steen & Hamilton.
All eyes last week were on a private equity consortium that made its interest known in Sainsbury's. It turned out that Clifford Chance won the instruction from the consortium, which comprises Blackstone, CVC Capital Partners and Kohlberg Kravis Roberts (KKR). Clifford Chance global head of private equity James Baird has a tight relationship with CVC, including leading the advice for the private ...
Clifford Chance is set to overhaul its London capital markets practice in a move which will see the firm combine three of its specialist capital markets groups.
Clifford Chance has restructured the management of its Spain branch, creating the new role of senior partner.
International Lawyers for Africa (ILFA) is preparing for its first intake of African lawyers, with City firms Allen & Overy, Clifford Chance and Linklaters all involved in the project.
Sir David Clementi stunned the legal profession last week when he backed the Government on the two most contentious aspects of the ongoing reform of legal services.
With the recent marginalisation…sorry… repositioning, of Freshfields Bruckhaus Deringer's banking practice, the firm's corporate partners must be feeling a concentration of power of late. Which is why it is all the more interesting to see, as has just ...
Two of the longest-running and most high-profile IP cases ended last week, after The Beatles' record label Apple Corps settled its dispute with Apple Inc and the House of Lords blocked Neal Macrossan's attempt to patent his business software.
The European financial services industry is about to be shaken up with a host of new legislation, says Bart Joosen
Freshfields is currently mourning the death of its associate Matthew Courtney, who fell to his death at the Tate Modern last weekend. A statement from the firm reads: "Matt was a terrific person and a very promising lawyer. His death is a shock to us all, and he will be sadly missed. Our thoughts and sympathies are with his family and friends." At The Lawyer we tend to leave these stories alone. Our editorial ...
The founder of Dewey Ballantine’s private equity practice and its head for 22 years is stepping down to make way for his second-in-command.
DLA Piper has promoted 66 to its partnership globally, taking the firm's total partnership past 1,200. The firm has added 39 new partners in the US, with the remaining 27 spread across Europe and Asia.
DLA Piper helps African farmers set up carbon-trading deals" class="inline_image inline_image_left" src="/pictures/web/images/7371_11_probono.gif" /DLA Piper’s international pro bono affiliate New Perimeter has begun work on a project helping subsistence farmers in Africa to sell carbon credits created by tree-planting projects.
LeBoeuf Lamb Greene & MacRae has moved to bolster its Russian practice with the hire of a DLA Piper Moscow founding partner.
DLA Piper has won a moral victory for the Zambian Government today as the High Court delivered a scathing attack on the claimants in a judgment that will have widespread repercussions for debt in the Third World.
DWF has hired a litigation partner from Brabners Chaffe Street after losing three Ricksons partners since the two firms' merger earlier this year.
Denton Wilde Sapte (DWS) defeated Olswang by winning a favourable ruling for the British Horseracing Board (BHB) in a case that slipped through Addleshaw Goddard's fingers.
Music giant EMI has elected Chris Ancliff to replace Charles Ashcroft as general counsel. Ashcroft was replaced by Ancliff, the former associate general counsel, last month (January) due to health reasons. Ancliff has been tasked with heading EMI's legal affairs group and will report directly to chief executive Eric Nicoli. He will also take on a communications role as government relations officer. EMI, which is the world's largest independent music company, reported a revenue of £867.9m ...
M&A rainmaker Tim Emmerson has landed his first major deal since moving from Milbank Tweed Hadley & McCloy to US rival Sullivan & Cromwell.
Linklaters chief takes up charity role" /The former senior partner of Linklaters Anthony Cann has been appointed as chair of body disfigurement charity Changing Faces. Cann, who started off at the magic circle firm as a trainee in 1970, had been senior partner for five years before handing over the reins to ...
For Express Solicitors’ founding partner James Maxey, the name of the law firm was of paramount importance. “I chose the name ’express’ because I wanted to show that we’re a modern law firm,” says Maxey. “We’re not trying to be a traditional high street firm.”
London’s legal centre was crippled this morning (12 February) after a flood led to power cuts closing the Royal Courts of Justice (RCJ) and many chambers in the nearby vicinity.
These are busy times for recruiters.
Simmons & Simmons has scored its second instruction on the float of a closed-end fund, working on the first one ever to be listed on the London Stock Exchange (LSE).
Freshfields Bruckhaus Deringer has scooped the mandate to advise Sports Direct International on its admission to the London Stock Exchange.
Freshfields Bruckhaus Deringer has revamped its management in an attempt to manage conflicts of interest.
The General Counsel 100 (GC100) has warned company boards not to fall foul of the new directors’ duties provisions in the Companies Act after it published new guidelines to help board decision-making.
Olswang’s soon-to-be former chief executive Jonathan Goldstein is in rare contemplative mood when The Lawyer meets him.
Hammonds scored the first advisory role for retail entrepreneur John Shannon's newly formed company, which has bought Adams childrenswear.
Hammonds has recruited a barrister for its safety, health and environment (SHE) group, as well as two new lawyers as the firm takes the first steps of its comeback strategy.
Hammonds has unveiled a new strategy aimed at staging an international fightback after three disastrous years of falling profit, financial mismanagement and an exodus of partners.
Heller Ehrman has recruited Slaughter and May senior associate Douglas Lahnborg to augment the hire of three corporate partners from WilmerHale earlier in the week.
It's not the usual publicity that banking lawyers are after, but Herbert Smith partner Ewen Fergusson makes a splash in not one but two papers today.
Herbert Smith has secured a departure date for two Dubai-based Norton Rose partners after several months of negotiation.
Environmental boutique Harrison Grant blew the Government’s nuclear power plan to pieces today (15 February) as the High Court ruled the Department for Trade and Industry’s consultation process into alternative energy resources was “seriously flawed”.
West End firm Howard Kennedy is shaking up its practice. It is adding a new department, expanding its corporate team and refocusing its employment division.
Hewlett-Packard (HP) has appointed long-term external adviser Michael Holston as general counsel. Holston, a partner at Morgan Lewis & Bockius, is replacing Ann Baskins, who quit last September. Holston had been an external adviser to HP for more than a decade and joins as the embattled technology company looks to put the pretexting scandal behind it. Specialising in litigation and government relations, Holston will oversee privacy and ethics matters, as well as heading the company's ...
Managing conflicts and bullying in the workplace is a hot topic. Correct and diplomatic management of difficult situations is imperative in ensuring that staff are not subjected to bullying from colleagues or associates.
Brewing giant InBev has appointed Western Europe general counsel Deepak Malhotra to head its corporate legal team as part of an extended role.
Irwin Mitchell to double size of Manchester offering" /Irwin Mitchell has unveiled plans to double the size of its Manchester office by adding new departments.
Jones Day has lost the head of its Munich patent team, partner Matthias Ricker, who is joining German IP boutique Wallinger & Partner
Law Society president Fiona Woolf has said slammed the draft regulations on the Third Money Laundering Directive as unworkable.
LCH.Clearnet, the London clearing house, has appointed Iona Levine as general counsel.
LeBoeuf Lamb Greene & MacRae's London office has continued its rapid growth, posting a 35 per cent increase in turnover for 2006.
Linklaters has snatched star banking partners Andrea Arosio and Dario Longo from Pedersoli e Associati, as the firm continues to rebuild its Italian offering.
Linklaters’ has secured a victory for long-standing client Vodafone on its fierce battle for India’s fourth largest mobile operator, Hutchison Essar.
Local authorities are to be consulted on new qualifications for local government lawyers.
London Metropolitan University is to offer its Legal Practice Course (LPC) at Canary Wharf in a bid to capture paralegals at investment banks.
Lovells, led by partner Tim Goggan, has advised Insurance Australia Group (IAG) on the £570m acquisition of Equity Insurance Group (EIG). IAG also announced an underwritten equity placement of A$600m (£236.67m) to fund the acquisition, with the balance of the funds provided by a share purchase plan, internal funds and subordinated debt. Osborne Clarke, led by partner Keir Barry, acted for the warranting ...
Lovells has raided Denton Wilde Sapte (DWS) for a three-partner team to launch an office in Dubai.
Maclay Murray & Spens is in the early stages of merger discussions with Aberdeen firm Iain Smith & Co, which would help with ramping up the Scottish heavyweight's office in the city significantly.
Goldstein quits Olswang as Davies lands top job at Linklaters
Mayer Brown Rowe & Maw will move into new premises at 201 Bishopsgate, having agreed non-binding heads of terms with the British Land Company.
Mayer Brown Rowe & Maw's (MBRM) Spanish alliance firm Ramón & Cajal is about to launch a new office in Barcelona.
McGrigors has bulked up its corporate capacity with the hire of technology specialist Gary Anderson from Dundas & Wilson.
The way we assess mental incapacity is about to change and the market will no longer be dominated by lawyers and doctors. By Suzanne Marriott
London and South West firm Michelmores has launched a financial services and markets practice at the firm's London and Exeter offices.
The growing ties between Dubai’s and the UK’s legal markets have been strengthened as Middle East companies look west for in-house expertise
Nabarros, Trowers strengthen relationships with Locog" /Nabarro Nathanson and Trowers & Hamlins are to attend the London Organising Committee for the Olympic Games' (Locog) weekly meetings.
The transatlantic team of lawyers made up by Freshfields Bruckhaus Deringer and Cravath Swaine & Moore has seen off a second attack by Nasdaq on the London Stock Exchange (LSE) in a year.
US-based technology company NetApp is boosting its European legal team by 40 per cent to support its aggressive growth policy in Europe, the Middle East and Africa (Emea).
Those trying to avoid paying tax now have to count nights as well as days when claiming they are not domiciled in the UK. Clare Maurice reports
Five North East boroughs have merged their external legal spends in response to the Gershon report on public sector efficiency. Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton councils have appointed Newcastle-based firms Dickinson Dees and Ward Hadaway to their new panel. The councils ...
Bristol-based Osborne Clarke has hired CMS Cameron McKenna senior associate Kalpesh Tanna as a corporate partner. Tanna, who specialises in corporate finance and M&A, left Camerons at the end of last November and began work at Osborne's London office this month. He said: "Osborne Clarke is fast coming up on [Camerons'] ...
Norton Rose’s head of banking has lashed out at his firm’s UK rivals after a series of raids decimated the firm’s presence in Dubai.
Lovells partners have rejected plans to reward exceptional performers as part of its partner remuneration review.
Paul Hastings Janofsky & Walker has reported a staggering 84 per cent increase in London revenues, conclusively surpassing the results of many of its US rivals.
Paul Hastings Janofsky & Walker launched its China offices in quick succession, having established its first Asia presence in Tokyo in 1988.
Paul Hastings has bounced back from a hell of a year with a whopping 84 per cent growth in London revenue.
Twenty per cent of Pinsent Masons' staff have said their practice groups' business plans are not clear to them, while a quarter said they did not understand how they were rewarded in relation to their peer groups, according to an internal survey reviewing ...
Private client and family lawyers are experiencing a flurry of change, including the Government's planned extension of financial rights to cohabiting couples.
Slaughter and May and Linklaters have landed the lead roles on Prudential's binding agreement to sell its internet banking subsidiary Egg to Citigroup. Slaughters advised Prudential on the £575m disposal, led by partner William Underhill, who also advised Prudential on its £217m takeover of the remaining 22 per ...
Indeed, the above story reminds Tulkinghorn of the almost tangible feeling of oneupmanship and the edginess in the air last week between the two men that represent Linklaters and Clifford Chance. At the launch of Managing the Modern Law Firm (an excellent study available from all good bookshops now) in Clifford ...
Spanish independent firm Rodes y Sala Abogados is planning to triple the size of its Madrid office with a view to forming an exclusive alliance with a UK firm.
Wiggin & Co have been instructed by the publishers of Grazia magazine to fight libel claims alleged by actress Kate Winslet.
Shearman & Sterling has reported stagnant 2006 revenue figures both globally and in London, falling short of many of its US-headquartered rivals.
Tulkinghorn heard rumours recently about the conversation between partners ahead of Freshfields' recent weekend ski retreat in Austria for its private equity team. Apparently the chat was not concentrated on business, or even whether skiing would be possible given the the low European snowfall, but instead the hot topic was what they would be wearing to the retreat's Sound of Music-themed party on the Saturday night.
Slaughter and May client Barratt Homes emerged victorious in the £2.13bn battle for Wilson Bowden, creating a £5bn FTSE100 company. Freshfields Bruckhaus Deringer acted for longstanding client Wilson Bowden. HSBC led the financial advice. Barratt, advised by Kathryn Davis at Slaughters, offered ...
More than a year on from the UK's first civil partnerships the first wave of separations is anticipated, with the courts likely to adopt a stance broadly similar to that when dissolving a conventional marriage. Diane Benussi reports
Birmingham-based St Philips Chambers has become the first major set to guarantee its pupils tenancies.
pToday’s stories have an international flavour, with Shearman’s growth plans stalling, Heller Ehrman making its next steps in London and the news, which hit late last night, of Linklaters’ latest efforts to rebuild its Italian practice.
We've had the abstract discussions, but now the real fun is beginning. This year the Legal Services Bill will reach its final stages, but despite years of debate there has never been much in the way of vision. Isn't this a bit odd? In most other industry sectors the prospect of a fundamental shake-up would be seen as a massive business opportunity: scary, yes, but exciting ...
Much has been written about the problems faced by young people in becoming barristers. Some barristers have responded to these concerns by saying that it was never meant to be easy to become a practising barrister, because only those with the greatest talent are required. There is truth in both sides of the argument.
Tulkinghorn was amazed to learn the other day of a particularly high-profile lawyer who owned a Ferrari. Okay, the Italian speed machines might now be ten-a-penny in these high-rolling days, but they still retain certain racy, flashy, wide-boy connotations. But surely they're the beloved of the private equity, hedge fund or even property boys? Not blue-blood ...
What was your first-ever job?Petrol pump attendant in the days before self-service petrol stations were invented.
This may not quite be an example of 'from the sublime to the ridiculous', but it's at least from one extreme to the other. Regular readers of Tulkinghorn may recall that last month (15 January) we told a tale of lights so bright at Allen & Overy's (A&O) purpose-built Bishops Square headquarters that they were causing dozens of the firm's staff to complain of migraines.
Hackney Learning Trust is turning the poor borough's education record around. And head of law Tom Brooke is at the heart of the improvement. By Jon Parker
Travers Smith has scooped a major role on the £185m sale of manufacturer and retailer Jimmy Choo to private equity firm Towerbrook Capital Partners, reinforcing the firm's ongoing relationship with the luxury shoe business.
Threat of banks sparks associate salary warThe loudest noise in the US legal market pre-Christmas was generated by associate bonus announcements. Bonuses largely stayed static on last year.
US firms continue to storm the international debt capital markets sector, with Sidley Austin, Sullivan & Cromwell and Davis Polk & Wardwell topping the 2006 rankings.
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Weil Gotshal & Manges’ London office has fallen behind its US rivals, reporting only a 4 per cent rise in gross revenue.
White & Case’s London office has reported a staggering 67 per cent increase in profit per equity partner (PEP).
Heller Ehrman has raided US technology rival WilmerHale for a three-partner team to kickstart its newly-opened London office.