13 October 2008

The Lawyer

  • A&O and co’s marriage disavowals

    13-Oct-2008

    MERGER RUMOURS

  • A&O revisits HSBC tower sale with debt refinancing brief

    13-Oct-2008

    Allen & Overy (A&O) has scored the lead role on a deal to refinance the debt from the sale of the UK’s most expensive building, the HSBC Skyscraper at Canary Wharf.

  • Abu Dhabi media city hires first GC

    13-Oct-2008

    The Newly launched Abu Dhabi media city twofour54 has turned to Dubai-based pay-TV ­operator Showtime Arabia for its first general counsel.

  • Addleshaws cuts 16 jobs across its offices

    13-Oct-2008

    Addleshaw Goddard made 16 employees redundant this year, including two fee-earners - the highest single number made since 2003.

  • Addleshaws names managing associates

    13-Oct-2008

    Addleshaw Goddard has promoted 22 lawyers to the role of managing ­associate.

  • Addleshaws’ scran élan

    13-Oct-2008

    Tulkinghorn has never attended the Great ­Northern Cook-Off. But if he did, he would try to get onto Addleshaw Goddard’s team. The lawyers took the competition by storm, winning four awards, despite calling themselves The Inedibles.

  • Bittersweet

    17-Oct-2008

    Bittersweet17 October 2008 With the credit crunch causing a commotion in the legal world, there's nothing quite like a holiday in the tabloids to brighten the mood.

  • BLG taps Allen & Overy for first COO

    16-Oct-2008

    Barlow Lyde & Gilbert (BLG) has hired Allen & Overy global head of knowledge management David Jabbari to become its first chief operating officer.

  • Browne Jacobson

    13-Oct-2008

    UK 200 Position: 74UK ...

  • Cadwalader restructuring partner to join Latham

    15-Oct-2008

    Cadwalader Wickersham & Taft has suffered its third defection since it laid off 96 lawyers in July this year.

  • CC's surprising redundancies

    15-Oct-2008

    Clifford Chance's announcement yesterday that it was making 20 lawyers redundant in New York and Washington DC is not the first time lawyers in the US have faced the chop this year (see story).

  • Challinors adds bodies to aid expansion

    13-Oct-2008

    Midlands firm Challinors has appointed a new management team as it bids to expand its footprint in the region. Helen Jarvis has joined the senior management team as HR director, while Jonathan Gamble has been appointed finance director. Both are former employees of regional rival Fraser Brown.

  • City firms scramble to offload office space as market drops

    13-Oct-2008

    City law firms moving to new premises are facing the uncomfortable reality of paying above-market rents on new office buildings while struggling to sublet existing premises.

  • Cleary handed Fortis sale

    13-Oct-2008

    Cleary Gottlieb Steen & Hamilton has joined in the sale of struggling Benelux bank ­Fortis, securing the instruction for BNP Paribas on its €14.5bn (£11.3bn) offer.

  • Clegg Manuel

    13-Oct-2008

    For a small property firm founded just eight years ago, these could be dangerous times. But being small has its advantages, says Simon Manuel, joint ­managing partner at Clegg Manuel.

  • Clifford Chance makes US litigation layoffs

    14-Oct-2008

    Clifford Chance announced it was laying off 20 associates in its US offices.

  • Cobbetts

    14-Oct-2008

    Turnover crept forward at Cobbetts this year by just over one per cent. Managing partner Michael Shaw claims that the firm was focusing on profitability and average PEP is up by 25 per cent, hitting £300,000 and so fulfilling Shaw’s 2006 pledge to reach that target within two years. But then that goal is easier to achieve if you reduce headcount and overhaul your partnership system. Cobbetts lost 83 fee-earners last year, while the equity has become slimmer. Twenty-eight out of 93 partners, ...

  • Coca-Cola legal head takes GC role at William Grant

    17-Oct-2008

    Whisky company William Grant & Sons has created a global general counsel role, hiring rated Coca-Cola Enterprises legal chief Eva Bishop to lead its new-look legal team.

  • Conyers sets up Mauritian outpost

    13-Oct-2008

    Offshore firm Conyers Dill & Pearman has opened in Mauritius in a bid to bag work coming out of Asia.

  • Crunch widens law firm gap

    13-Oct-2008

    What an astonishing month it’s been.

  • Curtis Mallet-Prevost opens in Dubai

    16-Oct-2008

    New York firm Curtis Mallet-Prevost Colt & Mosle is the latest international firm to open in the United Arab Emirates through the launch of an office in the Dubai International Financial Centre (DIFC).

  • Davenport Lyons steers yachting sale

    13-Oct-2008

    Davenport Lyons has acted for yacht brokerage company Yachting Partners International (YPI) in its sale to BRS Yachting.

  • Davis Polk advises UK Govt on banking bailout

    14-Oct-2008

    Davis Polk & Wardwell is advising the UK government on US aspects of its financial institution bailout.

  • DLA Piper makes Kuwaiti connection

    13-Oct-2008

    DLA Piper has expanded its presence in the Gulf through a joint venture with the international division of Kuwaiti firm Al Wagayan Al Awadhi & Al Saif.

  • Downturn puts squeeze on staff numbers

    13-Oct-2008

    More than a fifth of law firms have had to lay off staff as a result of the economic ­climate, a new study has found.

  • DWF bags second Weightmans team in a month

    14-Oct-2008

    Weightmans team in a month" /A seven-strong team is to leave Weightmans for DWF, joining six insurance partners that announced last month they were making an identical move.

  • Eversheds’ pensions dept gains Leeds chief

    13-Oct-2008

    Eversheds has hired one of the partners who left Hammonds at the end of its lock-in period to head its Leeds pensions group.

  • Federal reserve leaves Wachovia deal in stasis

    13-Oct-2008

    It was literally a last-minute intervention. At 11.59am on Wednesday 8 October, the Federal Reserve extended its standstill on Citigroup’s lawsuit over Wells Fargo’s bid for US bank Wachovia.

  • Finger pickin’ good

    13-Oct-2008

    Tulkinghorn has seen law firms sponsor some strange events in his time, but he thinks ­Midlands firm Needham & James Solicitors may have trumped everyone.

  • Fladgate

    13-Oct-2008

    West End firm Fladgate showed its confidence for the future with the decision this year to into a new office for the first time in its 248-year history. It will take on an extra 10,000ft of space in Great Queen Street.

  • Focus: Philip Trott, Taking the rap

    13-Oct-2008

    Bates Wells & Braithwaite head of immigration Philip Trott has made a name for himself standing up for rappers’ rights

  • Four Bircham Dyson Bell lawyers face axe

    14-Oct-2008

    Bircham Dyson Bell lawyers face axe" /Bircham Dyson Bell has made three lawyers redundant, while another is in redundancy talks.

  • Freshfields installs new financial institutions co-head

    13-Oct-2008

    Freshfields Bruckhaus Deringer banking partner Sean Pierce has been appointed co-head of the firm’s financial institutions group (FIG) following the departure of previous co-head Perry Noble last month.

  • Global Islamic finance chief quits DLA Piper

    13-Oct-2008

    DLA Piper’s Dubai-based head of global Islamic finance Oliver Agha has left the firm, taking a three-lawyer team with him.

  • Go East

    15-Oct-2008

    It's difficult being a UK lawyer if you have the fear of redundancy hanging over your head. But all hope is not lost. For those willing to make the move, the Middle East can be a safe haven for your career - not to mention your bank balance.

  • Graduate recruitment details for Bircham Dyson Bell

    14-Oct-2008

    FirmAddress:Web:Telephone:Email:The Lawyer UK 200Ranking:Turnover:Profit per eq...

  • Hammonds - Payback Time?

    13-Oct-2008

    When Hammonds rev-ealed last June that it was suing 14 of its former partners for £3m of overdrawings, one of the firm’s insiders predicted that “there’s going to be an almighty spat”. His forecast has come true.

  • Irwin Mitchell strengthens partnership

    13-Oct-2008

    Irwin Mitchell strengthens partnership" /Irwin Mitchell has boosted its ranks with the hire of Bracher Rawlins ­litigation partner Jeremy Marshall and Davenport Lyons employment partner John Hayes in London.

  • Italy

    13-Oct-2008

    It seems there’s never a dull moment in Italy at present, and the legal market is no different.

  • Judicial appointments diversity failure prompts calls for more solicitor input

    13-Oct-2008

    The Judicial Appointments Commission (JAC) has reinforced its call for more women and black minority ethnic (BME) ­people to apply to become judges after five places in the latest competition were allocated to women but no BME person was given a seat.

  • Katten Muchin Rosenman makes 21 redundant

    17-Oct-2008

    Katten Muchin Rosenman has become the latest US law firm to announce layoffs.

  • Kennedys takes eight from DLA’s Brum office

    13-Oct-2008

    Insurance firm Kennedys has raided DLA Piper’s Birmingham office for eight fee-earners to ramp up its liability and ­professional negligence capabilities in the region.

  • Kirkland & Ellis’ City base wins five partners in latest round

    13-Oct-2008

    US firm Kirkland & Ellis has made up five partners in London this year as part of a global round that saw 67 promoted.

  • Kirkland launches Asia fund practice

    14-Oct-2008

    Kirkland & Ellis has launched an Asia funds practice, moving UK and US partners moving to Hong Kong.

  • Know your rights

    13-Oct-2008

    If you have been given the unfortunate news that you are “at risk” of redundancy what are your entitlements? And what should you do if you believe your rights have been breached? Here's a quick guide.

  • Law ambiguous if client money gets lost in the crunch

    13-Oct-2008

    Trawling through the Solicitors Account Rules (SAR) is not fun, even for a hardened managing partner, general counsel or director of risk. But that is exactly what most of them have been doing in the past few weeks in an attempt to deal with the possibility that the money held by law firms in client accounts could be unprotected in the event of a bank insolvency.

  • Layton takes Clifford Chance corporate crown

    16-Oct-2008

    Clifford Chance private equity partner Matthew Layton will today be voted into the post of global corporate head.

  • Legal aid climate puts paid to Peel Court

    13-Oct-2008

    Manchester-based common law set Peel Court Chambers, headed by Northern Circuit leader Richard Marks QC, is to ­disband as a result of the legal aid crisis.

  • Lord Hunt to lead Law Society review

    16-Oct-2008

    The Law Society has appointed Lord Hunt of Wirral to lead a wide-ranging review of how the profession is governed.

  • Lovells checks in for Deloitte to aid on buy-to-let hotel group wind-up

    13-Oct-2008

    Lovells has been drafted in by liquidator Deloitte to advise on the administration of buy-to-let hotel group GuestInvest.

  • Magic circle defies downturn as top billers bump up hourly rates

    13-Oct-2008

    Hourly partner rates at the UK’s largest firms have hit £750 on average this year despite the economic crisis, research carried out for The Lawyer has found.

  • Maples Teesdale sets US Embassy up in new site

    13-Oct-2008

    A trio of firms have sealed the US Embassy’s move south of the Thames from its iconic 20-34 Grosvenor Square location in Mayfair.

  • Mixed ­troubles

    13-Oct-2008

    Tulkinghorn has noted that the credit crisis and the unstable economic ­climate have different ­consequences for different firms. At Davies Arnold Cooper (DAC) the turmoil has hit the in-house ­football league the hardest.

  • Moves roundup: 13 October 2008

    13-Oct-2008

    •Former McGrigors partner Christopher Shaw has left the Scottish firm to join the London office of Mintz Levin Cohn Ferris Glovsky and Popeo.

  • Ofgem brings in 20 Essex Street barrister

    13-Oct-2008

    Energy watchdog Ofgem has recruited 20 Essex Street barrister Colleen Hanley as the second-in-command of its legal team.

  • Opinion: Law firms need to take advantage of tough conditions

    13-Oct-2008

    The current downturn is starting to bite hard on the legal profession following a near 15-year bull run. The position looks bleak, and this will be brought home when firms prepare first-half figures and realise that the second half will, for most, be worse.

  • Orrick brings Heller veterans on board

    13-Oct-2008

    Orrick Herrington & Sutcliffe has become the latest firm to snap up a group of lawyers from collapsed firm Heller Ehrman.

  • Pack mentality

    13-Oct-2008

    The management information circulated to law firm partners is frequently of limited value – but its potential for driving behaviour means firms could benefit from taking a fresh look at what they are handing out, argues Jeremy Black.

  • Partnerships

    13-Oct-2008

    These days being a partner at a law firm can be a strange experience.

  • Partnerships: Age-old questions

    15-Oct-2008

    The need to effectively manage the workforce is the most common justification given by firms for having a fixed retirement age. But, argues Peter McMaster, it is far from being watertight under current legislation.

  • Paul Marsh: Downs

    13-Oct-2008

    Who would you least like to be stuck in a lift with and why?Gordon Brown. No ­explanation needed.

  • Paulson chooses Simpson Thacher to mastermind US bank bailout

    13-Oct-2008

    Simpson Thacher & Bartlett has won a beauty parade to advise the US government on its $700bn (£412bn) financial markets bail-out package.

  • Pills and thrills: Alex Thrower, Teva

    13-Oct-2008

    As legal affairs director of the biggest supplier of drugs to the NHS, Teva’s Alex Thrower believes that, when it comes to practising law in-house, prevention is better than cure.

  • PwC recruits ex-HMRC tax litigation head

    13-Oct-2008

    PricewaterhouseCoopers (PwC) has recruited former ­Freshfields Bruckhaus Deringer lawyer Ebrahim Ali to its tax ­litigation team.

  • Reed Smith Brum soloists aim for rapid expansion

    13-Oct-2008

    Reed Smith Brum soloists aim for rapid expansion" /The managing partner of Reed Smith’s Birmingham office, which is set to split from the firm in ­January next year, has set his sights on achieving rapid expansion.

  • Regional property firms in second wave of culls

    13-Oct-2008

    Several regional ­residential conveyancing practices have begun a ­second round of redundancies, taking the total number of job cuts in The Lawyer’s UK 200 to 730.

  • Salans on course for 20 per cent revenue jump

    13-Oct-2008

    Salans has boosted its turnover by 20 per cent in the first three quarters of 2008, bringing in e150m (£117.97m) in its first year of reporting in euros. For the same period last year the firm’s revenue was £94.38m.

  • Samsung appoints European GC to create centralised command

    13-Oct-2008

    Korean technology company Samsung Electronics has created the position of European general counsel, hiring Jeremy Shewring from French IT provider Steria to fill the post.

  • Separated at birth

    13-Oct-2008

    Famed for his England strike partnership with Alan Shearer, footballer Teddy Sheringham has made an unconventional move into the legal industry. Footballers generally open pubs once they retire from the beautiful game, but Sheringham, in the guise of Walkers marketing man David Byrne, has opted for a new challenge.

  • Shackleton squares up to Manches' Ward on Madonna divorce

    17-Oct-2008

    The battle for the assets from Madonna and Guy Ritchie’s marriage is to be fought out by heavyweight family lawyers Helen Ward of Manches and Fiona Shackleton of Payne Hicks Beach.

  • Shearman bulks up arbitration in Washington, DC

    16-Oct-2008

    Shearman & Sterling has bulked up its US international arbitration group, moving Singapore partner John Savage to its Washington DC office.

  • Shearman loses partner in Germany - again

    16-Oct-2008

    Shearman and Sterling has lost another partner in Germany, leaving its Munich office with just one partner.

  • Shearman sends NYC partner to head Europe

    16-Oct-2008

    Shearman & Sterling has named New York M&A partner Creighton Condon as its European managing partner.

  • Small is beautiful for Freshfields, but it isn’t enough to crack the US

    13-Oct-2008

    The list of Freshfields’ referral firms makes for fascinating reading, says Julia Berris.

  • Sonnenschein makes second round of redundancies

    17-Oct-2008

    Sonnenschein Nath & Rosenthal has laid off 24 lawyers as well as support staff in its second round of staff cuts this year.

  • Splash course

    13-Oct-2008

    Tulkinghorn considers ­himself to be one of the most environmentally friendly people he knows, on account of him not ­owning anything electrical, or moving much beyond his drawing room.

  • SRA and Law Society face off over review

    13-Oct-2008

    The Solicitors Regulation Authority has accused the Law Society of overstepping its remit by launching a review of the regulation of the profession.

  • Stay flexible

    16-Oct-2008

    Flexible working is as necessary now as it was in the boom.

  • Steeles Law takes F1 chief’s privacy battle to Europe

    13-Oct-2008

    Norfolk-based Steeles Law has been retained by Formula 1 chief Max Mosley to take his privacy case to the European Court of Human Rights.

  • The zero options

    13-Oct-2008

    As the dissolution of Heller Ehrman shows, the reality of trading conditions can overtake even the largest law firms. But what courses of action are open to you if it’s your firm’s future that’s at stake?

  • Thring Townsend at centre of foot and mouth action

    17-Oct-2008

    Bath firm Thring Townsend Lee & Pembertons has launched a £1.5m claim for 14 farmers against the two laboratories at the centre of last year's foot and mouth outbreak.

  • TLT Solicitors

    17-Oct-2008

    UK 200 Position: 68UK ...

  • Trio breaks away from A&O's Indian alliance firm

    16-Oct-2008

    Allen & Overy's Indian referral firm, Trilegal, has lost three of its 10 partners, with the trio leaving to set up an independent firm with a senior banking partner from Indian firm Kochhar & Co.

  • Two ton test

    13-Oct-2008

    The creation by merger of two 100-plus lawyer firms looks set to test the decade-long dominance of the top three Italian practices.

  • Wachtell and SullCrom step up for Morgan Stanley

    13-Oct-2008

    Wachtell Lipton and Sullivan & Cromwell have snared the lead roles on Morgan Stanley’s $9bn (£5.2bn) injection.

  • Wall St Woes: Banking it

    17-Oct-2008

    A good chunk of New York’s elite firms shied away from the US Treasury bailout mandate because of conflicts.

  • Wall St Woes: Dodging Rodgin

    14-Oct-2008

    Careful conflict checking is more relevant than ever on Wall Street.

  • Wall St Woes: Leaving litigation

    15-Oct-2008

    News that Clifford Chance is to lay of a fifth of its US litigation workforce was met with amazement by the Stateside legal community. Hardly surprising given that the firm has shed a total of 20 litigation associates at a time when litigation is expected to grow.

  • Web Week

    13-Oct-2008

    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.

  • Wedlake Bell lays off

    13-Oct-2008

    Wedlake Bell has launched a redundancy ­consultation with six lawyers and 11 ­support staff.

  • Wharf waiting for...

    17-Oct-2008

    Good news at last: someone’s hiring.