13 June 2005
Cinven instructs Ashurst on sale of car parks business
And so it fell to Edinburgh-based Brodies to provide the cast for the Scottish legal market's annual summer punch-up this year.
London firm Goodman Derrick has swooped on ASB Law, hiring three partners to strengthen its family and private client teams. ASB's former head of private client and family Ursula Danagher has joined Goodman Derrick. Working with the firm's head of litigation Tim Langton, Danagher will be developing her new firm's existing family practice. In September 2005 two more ASB partners, Lindsey Alexander ...
Ashurst has voted in Clyde & Co's former corporate head David Page as a financial institutions partner. Page specialises in corporate work in the insurance and reinsurance sector and has clients such as Credit Suisse First Boston, Swiss Re and Zurich. First revealed on www.thelawyer.com 6 June
Baker & McKenzie's (B&M) former chair and current policy committee chair Christine Lagarde is leaving to become the French Minister for Foreign Trade. The appointment takes effect immediately. Paris-based Lagarde has been a B&M partner since 1987, holding a number of high-profile roles at the firm. She was Paris managing partner for four years until joining B&M's executive committee in 1995, which ...
Baker & McKenzie and DLA Piper Rudnick Gray Cary are fighting it out to take control of Coudert Brothers.
The negligence claim being brought against Baker & McKenzie (B&M) and Linklaters by two Formula 1 (F1) racing teams has been set down for a trial in January.
Bevan Brittan has reported a profit rise of 2.5 per cent for the last financial year, despite having seen revenues jump by one fifth.
Barlow Lyde & Gilbert (BLG) has brought together its contentious and non-contentious expertise to form a new financial services regulatory team. The team is headed by litigator Chris Warren-Smith and corporate insurance partner Stephen Browning. It will concentrate on preventative compliance, regulatory disputes and investigations. The team's formation follows BLG's work on issues such as the Financial Services Authority's investigation into split capital investment trusts.
“It’s perhaps the biggest miscarriage of justice in today’s system when the guilty walk away unpunished,” said the Prime Minister Tony Blair in June 2002. Dr Michael Naughton, of the School of Law at the University of Bristol, is reminded of that comment as he describes the reasons for setting up the Bristol Innocence Project. The initiative had its official launch last week to tie in with the fourth National Pro Bono Week.
Cadbury Schweppes will overhaul its legal department following the retirement of chief legal officer and group secretary Mike Clark. His role will be split between group M&A director Henry Udow, who will become chief legal officer, and legal director Hester Blanks, who will take over as group secretary. Both will be based in London. The new roles will take effect from 1 July. First revealed on www.thelawyer.com 6 June
Cadwalader Wickersham & Taft has lost finance star Christopher Kandel to White & Case, leaving the firm with no partner-level leveraged finance capability.
Ashurst to win T&F Informa's acquisition of IIR" /CMS Cameron McKenna is celebrating securing the lead role on T&F Informa's $1.4bn (£760m) acquisition of US conference organiser IIR, beating the publishing group's other ...
Jersey firm Sinels, in conjunction with Caversham Fiduciary Services, held a seminar on offshore trusts on 20 May at Lincoln's Inn. The aim of the seminar was to introduce private client solicitors to Jersey trusts. Advocate Philip Sinel highlighted the security involved in local trusts and defended trusts from attack by beneficiaries or outsiders.
Payne Hicks Beach has promoted two lawyers to its partnership. Fiona Brown joins the family group and Jonathan Gatward joins the company and commercial group.
Clifford Chance has unveiled modest pay increases for junior lawyers, with newly qualifieds (NQs) taking home £51,000 annually.
Clifford Chance's Paris office has strengthened its relationship with France Télécom with a role on its e4bn (£2.7bn) disposal of shares.
Partners to vote on axing salaried partner layer and stretching lockstep at lower and upper ends
Clifford Chance and Freshfields Bruckhaus Deringer are celebrating after scooping the lead roles on the £1bn London Stock Exchange (LSE) flotation of satellite operator Inmarsat.
The two contenders for the position of global corporate head at Clifford Chance have published their manifestos as the contest moves into its final days.
Charles Russell has reported indifferent profit per partner (PEP) for the last financial year, at the same time as turnover has inched past the £50m mark for the first time.
Charles Russell is preparing to launch in Oxford at the same time as the firm is looking for new premises in London.
Peter Charlton has emerged as Clifford Chance’s new global head of corporate.
In the biggest move to hit the shipping and insurance sector for years, Clyde & Co is merging with aviation boutique Beaumont and Son to create a £117m business.
Central and Eastern Europe (CEE) is undergoing a boom in telecoms M&A following EU accession, and Dewey Ballantine, CMS Reich-Rohrwig-Hainz and Linklaters have been the first firms to benefit.
National firm Cobbetts has consolidated its relationship with AIM-listed Highland Gold after advising the Russian mining company on a deal with US mining giant Barrick Gold Corporation.
Trowers & Hamlins has landed its first instruction from Coal International after advising the company on its £20m AIM debut.
There was more fallout from Tulkinghorn's inaugural Little League table of large-familied partners.
Debevoise & Plimpton, Herbert Smith and Stibbe have closed a two and a half-year international dispute with an agreement that is expected to improve relations between Ghana and Malaysia.
Mid-sized City firm Lawrence Graham has recorded a 3.5 per cent drop in profits per equity partner (PEP) despite turnover breaking £60m for the first time.
THE EU and Russia have agreed to deepen their cooperation over judicial matters, examining potential joint projects to ensure the independence and effectiveness of both sides' court systems.
Eversheds has finally found a German firm to join its alliance in the shape of Heisse Kursawe, the Munich arm of defunct firm Arcon.
Field Fisher Waterhouse (FFW) has boosted its profit by a massive 19 per cent, from £325,000 last year to £390,000, following a comprehensive strategy overhaul.
Linklaters property partner Sir Robert Finch is leaving the firm once more, this time to take-up the role of chairman of Liberty International, the FTSE 100 shopping centre company.
Senior partner Marlan Higgins claims Turpin Miller & Higgins (TMH) tries to buck the trend. "When people were withdrawing from legal aid we took the approach that we were going to just go for it," he says.
Freshfields Bruckhaus Deringer has landed a place on Barclays' general advisory panel after the conclusion of the banking giant's review of external legal advisers.
So much for lawyers being weedy wets who preferred extra Latin at school to getting muddy on the sports field.
Arsenal fan Boardman defects to Spurs
Hammonds has launched a complete review of its business strategy as part of the ongoing shake-up at the firm.
Herbert Smith has launched an innovative campus manager programme to help strengthen the firm's links with law students at the universities it targets for trainees.
In response to unprecedented pressure for change, the Lord Chief Justice and the Lord Chancellor last week announced sweeping changes to the much-maligned Technology and Construction Court (TCC) and appointed a panel of High Court judges to hear cases in the court.
Ince & Co has appointed its first-ever business development partner. Offshore oil and gas specialist David Steward took up the role on 1 May.Steward, who plans to continue fee earning, said the firm recognised there had not been "sufficient harmony" in its attempts to raise the profile of its six core groups. "There needs to be a more coordinated approach," he added. Steward’s main role will ...
Judge Seymour, the controversial Technology and Construction Court (TCC) judge, has been booted out of the TCC.
US law firm Katten Muchin Rosenman has merged with niche UK hedge funds practice MW Cornish Solicitors to launch in London.
The Law Society has appointed chairs for its two new boards, in preparation for the implementation of Sir David Clementi’s recommendations for the reform of legal regulation.
The law firms advising on the mammoth £1bn Paddington Health Campus (PHC) PFI scheme will reap around £1m in fees for their work on the collapsed project.
Clifford Chance is so in love with the bold move that it's even written into the firm's statement of values. Under the heading of 'Ambition', it says plainly: "Not being afraid to be the first."
The Legal Education and Training Group (LETG) has hit out at the Law Society's plans to revamp legal training in its response to the controversial Training Framework Review.
Your article 'OFT forced to pay costs on Pernod's Bacardi row' (9 May) contained errors, including:
Linklaters is boosting its Iberian expertise with the hire of Spanish corporate partner Sebastián Albella.
Linklaters.gif" alt="Linklaters' PEP knocks Freshfields out of place" /Linklaters has ousted its magic circle rival Freshfields Bruckhaus Deringer from second place in The Lawyer UK 100. A revision of Linklaters' financial ...
Lord Nicholas Phillips of Worth Matravers is to become the new Lord Chief Justice of England and Wales.
Did Allen & Overy (A&O) have any idea what it was letting itself in for when it decided to act for Malcolm Glazer on his bid for Man Utd?
Morgan Cole exit boosts SJ Berwin's ADR dept" /SJ Berwin has hired rated mediator Philip Howell-Richardson, head of Morgan Cole's alternative dispute resolution (ADR) practice. He joins as a consultant in August and will work ...
There was a time when law firms were... well... just law firms. Maybe there was a service company to own the building or employ the staff, but as group structures went, that was pretty much it. All the services they provided were provided by the lawyers themselves. In the offshore world in particular, that included serving as directors and corporate secretaries and personally accepting appointments as trustees or protectors of trusts.
Where a trust is subject to English law, trustees who wish to enter into a particular transaction but who do not have power to do so can apply to the courts for that authority. If the court is satisfied that the transaction would be 'expedient' (in the context of the trust as a whole), it can then confer on the trustees the necessary power.
The undoubted popularity of AIM since its inception in 1995 is clearly demonstrated by the 1,100 companies that are listed on it. March 2005 alone saw 69 companies make their first appearance in the market.
With more than 80 per cent of the world's 8,000-plus hedge funds registered with the Cayman Islands Monetary Authority (Cima), 2004 saw a sizeable increase in investments by institutional and high-net-worth investors in US debt and equity markets carried out through Cayman-based investment funds.
On 1 July the EU directive on the taxation of savings income will come into force. It will also become effective in the Channel Islands via agreements with individual countries within the EU.
In February 2004, the expert fund regime was introduced in Jersey for the establishment of funds aimed at institutional and high-net-worth investors. The introduction of the expert funds regime signified a change in the regulatory environment in Jersey to accommodate the changing requirements of fund promoters and the fund industry in general.
The perennial issues of the illiquidity of property relative to other asset classes and high transactional costs has led, over the years, to a number of innovative structures, through which property investments are held and traded.
Mauritius law firms active in the offshore market say the jurisdiction urgently needs reform of the legal profession to allow access to international firms.
According to figures published by the Swiss Federal Department of Finance in May 2005, there are 339 banks in Switzerland holding deposits from foreign investors with a total value of CHF1,967bn (about £860bn). Switzerland is, and has for a long time been, the world leader in private banking. According to some estimations, 30 per cent of the world's private wealth held ...
The deconstructionist theory ofpolitical history would indicate that, if empirical facts exist at all, they are secondary to the primacy of creating a persuasive and cohesive narrative. New Labour did it with devastating effect in the 1990s to prejudicially encapsulate Conservative rule. Last month's general election shows that the Tories have yet to reciprocate ...
Richards Butler managing partner Roger Parker led from the front last Monday evening (6 June), but his brave display was not enough to beat an in-form team from The Lawyer in an all-star, five-a-side rematch.
With new UK laws outlawing ageism, diversity at law firms is going to be tested to the full
Blackstone Chambers’ David Pannick QC has been instructed by the Commission for Racial Equality to intervene on a high profile racial discrimination case against the Ministry of Defence (MoD).
Paul Hastings Janofsky & Walker has hired a private equity team from Perkins Coie's defunct Hong Kong office. Partner Maurice Hoo and associates Michael Hosokawa and Lung-Chi Lee will cover Asia with a focus on Greater China. Hoo has more than 15 years' experience in cross-border private equity, venture capital and M&A, as well as US corporate and securities transactions. First revealed on www.thelawyer.com 8 June
When Astra merged with Zeneca both legal heads kept their jobs. And with the protection of drugs patents paramount, they are certainly needed. By Joanne Harris
Reynolds Porter Chamb-erlain (RPC) has secured an injunction for publisher Bloomsbury and author JK Rowling, banning anyone from releasing information about the latest Harry Potter book ahead of its July launch.
Reynolds Porter Chamberlain (RPC) has reported a 4 per cent increase in average profit per equity partner (PEP) as turnover breaks the £50m mark for the first time.
Howard Culley, managing partner of improbably profitable firm Irwin Mitchell, certainly knows how to endear himself to the staff at The Lawyer.While on the phone to one of Tulkinghorn's scribes, Culley demanded to know what time said scribe made it in to the office in the morning. "I'm in by 7am," he barked.Does this make him a big swinging dick?
Reinsurance company Scottish Re has hired a second in-house lawyer for its UK legal function.
Managing an international outfit is always problematic - just ask Glenn Hoddle.
Shearman & Sterling's new management is commanding its capital markets group to shape up or face the consequences, as it embarks on a concerted bid to improve profit at the firm.
Simmons & Simmons is continuing to resurrect its Italian operation with the hire of Allen & Overy (A&O) partner Andrea Cristaudi.
Skadden Arps Slate Meagher & Flom’s London office has shored up its relationship with private equity house Doughty Hanson by landing the lead role in the £1bn flotation of its UK food manufacturing arm RHM.
Well. What a to-do about a photo. Last week's picture of Arsenal footballer Ashley Cole was enough to make one shocked lawyer fight a rearguard action on the footballer's defence.
Where there’s people, there’s problems. Rachel Brushfield explains how to beat personality clashes
The Lawyer’s latest look at the main developments taking place in offshore jurisdictions…
European investors failed to claim the $2.4bn that was owed to them from last year's US securities class actions. Jon Robins reports on the firm trying to tap in to this lucrative market
Simon John, senior partner and co-founder, Kester Cunningham John
Ricksons Solicitors boosted turnover by 16 per cent, from last year's £9.1m to £10.6m. The firm predicts that profit per equity partner will range from £110,000-£200,000. Last year Ricksons made five lateral partner hires and made up two associates. First revealed on www.thelawyer.com 6 June
Survey reveals two-thirds of partnerships will welcome non-lawyer participation, but outside investment gets short shrift
Attorney-generals from 29 US states have expressed serious concerns about the impact of the World Trade Organisation's (WTO) landmark ruling on internet gaming.
Swedish firm Vinge has announced the appointment of its first non-lawyer CEO to the Stockholm office.
Global corporates have been put on notice to be vigilant about corporate governance and compliance or risk the ire of their shareholders after a group of investors in Wal-Mart hit out at the company’s legal and regulatory controls.
White & Case’s London head has stood down amid a comprehensive restructure of the firm’s London management.