14 April 2003
As the role of the trustee has evolved, the question of liability has become more prominent. Sophie Mazzier reports on a Law Commission paper that has addressed issues of protection
Allen & Overy (A&O) has scooped the role of European counsel to Australia's national airline and flag carrier Qantas after beating Freshfields Bruckhaus Deringer in a pitch.
Allen & Overy has promoted 29 associates to partner for 2003. There are nine new partners in the banking department, nine in corporate, five in capital markets, four in litigation, one in tax and one in employment, pensions and incentives. The partners work in the firm's offices in Amsterdam, Antwerp, Brussels, Budapest, Frankfurt, Hamburg, London, Milan, New York and Paris.
With new regulations encouraging disclosure of money laundering, Robert Brodrick and Clive Cutbill warn that private client practitioners need to keep everything above board
Year-long hunt leaves legal function rudderless; bank set to raid own panel firms.
Bird & Bird has raided Stanbrook & Hooper in Brussels, taking a team of three competition lawyers.
The number of UK associates promoted to partner at US firms dropped by 10 per cent to 60 per cent last year, according to a new survey.
Chubb Commercial Insurance (CCI), a division of Chubb Insurance Company of Europe, has hired David Casement of CMS Cameron McKenna as its new general counsel. The new role is to help CCI in multiple jurisdictions. Casement has experience in both contentious and non-contentious insurance work, having practised in the London market for six years. First revealed on www.thelawyer.com/lawyernews 9 April
Clifford Chance has slimmed down on partner promotions this year, making up 31 lawyers compared to 39 equity entrants in 2002. London, like last year, announced the largest number of partner promotions with nine associates joining the partnership. However, this was down on last year, when 15 lawyers were made up. Last week The Lawyer revealed that Clifford Chance was, like
Defendant lawyers involved in a unique competition case brought by a penniless former shipowner against several major shipping companies are due to return to court to fight for their £6m in fees in what is expected to be an important costs test case.
The former co-general counsel of Citigroup has left for Bank One Corporation, just two months after the bank recruited the former chairman of Wilmer Cutler & Pickering as overall head of legal.
Australian firm Clayton Utz has scored a leading international arbitration academic as a consultant to the firm's growing practice. Professor Michael Pryles is currently on the panel of arbitrators of the World Bank, a commissioner with the UN Compensation Commission and president of the Australian Centre for International Commercial Arbitration. The appointment comes at the same time that Clayton Utz has joined forces with other Australian firms to boost the profile of Sydney as an internationa
CMS Cameron McKenna's Robert Derry-Evans is stepping down as chief executive of the UK practice to become executive partner at the CMS international network to spearhead its launch as an integrated law firm.
The Court Service has said it will draw up a business plan for a new Commercial Court building by the autumn.
Clifford Chance is in the process of axing approximately 20 corporate lawyers and support staff in its London office.
Washington DC firm Covington & Burling has posted a 12 per cent increase in worldwide turnover and a 2.9 per cent boost in average profits per partner.
Cripps Harries Hall has been dropped from a claim brought by farmer John Hoath in relation to a 10-year saga over his bankruptcy.
Bonelli Erede senior partner denies conflict in Schemaventotto’s Autostrade takeover
Denton Wilde Sapte has still not served its official notice of withdrawal from Denton International (DI), as the European alliance now looks set to collapse.
Denton Wilde Sapte has won a contract from the Ministry of Defence (MoD) to advise on its £5bn IT outsourcing.
Newcastle giant Dickinson Dees has posted a 14 per cent rise in both turnover and overall profits.The firm saw 2002 revenues hit £35.8m, up from £31.5m in 2001, but average profits per partner rose less dramatically, from £280,000 to £300,000. Dickinson Dees managing partner Neil Braithwaite said the lower profits per partner increase was due to a rise in the number of ...
Berwin Leighton Paisner has re-elected Neville Eisenberg (left) as its managing partner in an equity partner vote. No other partners stood for election. Eisenberg's second term will begin on 1 May. He was first elected managing partner of what was then Berwin Leighton in November 1999. His appointment was reaffirmed at the time of the merger with Paisner & Co on 1 May 2001.
Eversheds is understood to be in the final stages of negotiations to establish an alliance with highly-rated Cologne firm Cornelius Bartenbach Haesemann & Partners.
Eversheds is set to convert to a UK limited-liability partnership (LLP) at the beginning of the new financial year, The Lawyer can reveal.
Cadwalader Wickersham & Taft (Paul Biggs) acted for the Maputo Port Development Company and a consortium of investors, including the Mersey Docks and Harbour Company, Skanska BOT and Liscont Operadores de Contentores on financing agreements for the $72m (£46.4m) privatisation of the Maputo Port. The local partners were the Mozambique government and the National Port and Rail Organisation of Mozambique, advised in-house. The lenders included Standard Corporate and Merchant Bank, DBSA and ...
The Bar Council has claimed that law firm First Law could be in breach of competition law by negotiating rates for barristers which are below levels set under the graduated fee scheme.
Washington DC's Arent Fox Kintner Plotkin & Kahn has lost another group of partners, this time to Sonnenschein and Sidley Austin Brown & Wood.
The European Commission is threatening France with massive daily recurring fines that could exceed E20,000 (£13,000), over its alleged failure to comply with an order of the European Court of Justice (ECJ) to liberalise its legal profession.
Rosalind Wright is to replace George Staple QC as the chair of the Fraud Advisory Panel. The panel's main role is to publicise damage to the economy as a consequence of fraud. Wright is currently the director of the Serious Fraud Office. She will replace Staple when he steps down in May. First revealed on www.thelawyer.com/lawyernews 8 April
Are Freshfields' finance partners really ready to hustle for work?
Freshfields Bruckhaus Deringer has emerged as the surprise leader in a series of Europes largest rights issues. According to research conducted by The Lawyer (see table), the firm has dominated as issuer counsel by acting on four out of the 10 largest cash calls since 2000, when media group Pearson launched its massive £1.7bn rights issue. Commenting on ...
Fried Frank Harris Shriver & Jacobson has been hit with the departure of one of its most senior partners, just as the firm prepares to finally vote on its merger with Ashurst Morris Crisp.Corporate partner Stephen Fraidin is leaving Fried Frank after 40 years to join Kirkland & Ellis New York office. Fraidin informed Valerie Ford Jacob and Paul Reinstein, co-managing partners ...
Backing from the Asian and asset finance practices puts Giles ahead in a tough-fought competition.
Tulkinghorn cannot help noticing that Berwin Leighton Paisner managing partner Neville Eisenberg is in need of some lessons in etiquette, or at the very least a bit of revision on how to work his electronic diary.Cancelling drinks with a legal journalist once is perfectly forgivable, even though it was at the last minute. Twice even, is not a punishable offence. Clients come ...
Jones Day has suffered another massive blow to its worldwide bankruptcy ambitions after losing the chair of its practice to Gibson Dunn & Crutcher. Richard Cieri, the highly-rated chairman of Jones Days entire bankruptcy group, has already taken up an equivalent role at Gibson Dunns New York office, where he will oversee the business restructuring and reorganisation department. ...
Jones Day Gouldens is making a bid to build a transatlantic bankruptcy and restructuring group by taking on SJ Berwin's Adam Plainer, but has at the same time suffered a blow by losing a high-profile New York partner to Weil Gotshal & Manges
The International Chamber of Commerce (ICC) has made claims that global trade is being hampered by large companies' uncertainty about which national courts might hear a case regarding a contested contract.
Proactive law firm KSB Law has changed more than just its name
West Yorkshire firm Last Cawthra Feather has made the legal panel of the Best Practice Network, the technology arm of Business Link West Yorkshire and UK Online.
Latham & Watkins has hired a third Simmons & Simmons partner for its London office.Private equity partner Martin Saywell is leaving Simmons to join the US firm. He follows Charles Fuller, a former corporate partner and co-head of private equity, and John Houghton, who previously headed Simmons' corporate recovery practice. The pair quit Simmons in October 2002.
We went to a birthday party the other night where the vast majority of the guests - and their spouses - were solicitors
Linklaters has finally given up on its US merger plans. In a U-turn in strategy, it has now opted to grow its New York practice through organic growth.
Linklaters is relocating a banking and projects partner to Italy for the first time in anticipation of a major growth in business opportunities.
Linklaters has secured Chinese walls between its dual roles on Xstrata’s multimillion pound rights issue and acquisition of Australia’s MIM Holdings. The firm is acting for JPMorgan and Deutsche Bank, the joint sponsors, financial advisers and underwriters to mining giant Xstrata’s £900m rights issue, the proceeds of which will be used on its £1.3bn takeover of MIM. Linklaters has erected ...
Macfarlanes has lost its longstanding role as adviser to the trustees of the British Airways (BA) pension schemes to Eversheds.
Scottish giant Maclay Murray & Spens is launching an Aberdeen office to target oil and gas sector clients.
Tulkinghorn's cartoonist Fran Orford spent yesterday running the London Marathon to raise money for Children With Leukaemia. As part of his fundraising activities, throughout April Fran is undertaking commissions and donating the fees to charity. You can also purchase the originals of strips that have already appeared in Tulkinghorn. Go to www.francartoons.com for more details.
Masons is set to abandon lockstep in favour of a merit-based remuneration system.
Mishcon de Reya has brought in Barlow Lyde & Gilbert to defend it against negligence claims stemming from its work on a bizarre deed of co-habitation. Mishcons and a second firm Gawor & Co face a total claim of £500,000. The claim is being brought by Mark Sutton, the former gay lover of a rich Swedish businessman, Geurt Staal. Staal instructed Mishcons to set up the deed, ...
2003 has seen the first reported case where the terms of a pre-marital agreement have been upheld. William Massey examines the increasing prominence of such contracts
Holman Fenwick & Willan has appointed Greg Gray as the first managing partner in its history as part of an overhaul of the firms structure. At the same time, senior partner Robert Wilson has been replaced by Roderick OSullivan.New managing partner Gray will replace the existing management committee. He is responsible for forming a board with practice group heads. He said: "The changes reflect the partners' strong backing for a management structure that ...
It is not just the economic gloom that means the days of secret six-figure bonuses are over. All non-rational unwritten bonus schemes are now high risk, however large the sum
Osborne Clarke employment partner Ralf Nathan is leaving the London office to join service provider Centrica, as the downsized Bristol firm promotes five to the partnership.
The Office for the Supervision of Solicitors (OSS) has slashed the number of firms on its intervention panel by almost 75 per cent, following a tendering process carried out over the past five months.
Orrick Herrington & Sutcliffe has lost well-known San Francisco litigator Jeffrey Wohl to Paul Hastings Janofsky & Walker. Wohl headed Orricks San Francisco employment law group and also served for 10 years as the firms general counsel.Wohl will continue his representation of major national and regional companies in employment litigation and counselling at Paul Hastings San Francisco office. His practice includes individual and class action discrimination, ...
Pillsbury Winthrop is continuing to grow in Silicon Valley with its eighth lateral hire this year. Cooley Godward partner Deborah Ludewig specialises in corporate, securities and intellectual property, with experience in emerging public and private companies and venture capital investors. First revealed on www.thelawyer.com/lawyernews 9 April.
Pitmans has made two senior appointments to boost its commercial property and private client departments. Bill Howard has left Wilson Howard to join Pitmans' commercial property department as a partner. David Ainslie has joined the firm as a director, heading its private client department. Ainslie joined from Towry Law, a financial services company, where he was consultancy services director. First revealed on www.thelawyer.com/lawyernews 8 April
Preston Gates & Ellis, the Seattle firm established by the father of Microsoft founder Bill Gates, has pulled the plug on merger talks with Luce Forward Hamilton & Scripps.
Fiona Shackleton, the grande dame of family law, was slammed after Burrellgate. Was she a victim of palace machinations or should she have stood her ground? Jon Robins reports
Pinsent Curtis Biddles Birmingham office has lost another property partner to Lee Crowder. Eleanor Deady is due to join the Birmingham-based firm in June. Last month Pinsents lost property partner Jon Austin who resigned to join Lee Crowder as its new property department head.Deady, who has been a partner at Pinsents for over ten years has extensive experience in all aspects of commercial property, with particular focus on major town centre and brownfield regeneration ...
Oops. Last week Tulkinghorn pointed out that a sharp-eyed reader of The Lawyer had spotted the likeness between Denton Wilde Sapte partner Paul Holland and comedian Dominic Holland. Unfortunately, The Lawyer team was not so quick to spot the likeness, accidently publishing a photo of Paul Holland's colleague Michael Doble as last week's Separated at Birth. As readers will see, this week the two brothers are a lot more similar.
Shoosmiths chairman Andrew Tubbs is relocating to the national firm's fledgling Birmingham office. His move coincides with the firm taking new premises in the hub of the city's legal community in Colmore Row. Tubbs said his relocation demonstrates the firm's commitment to Birmingham.
Slaughter and May is playing the field in the Netherlands by reviving its relationship with old flame and former Linklaters ally De Brauw Blackstone & Westbroek, while at the same time maintaining links with existing best friend Nauta Dutilh.
Stephenson Harwood's ruling partnership committee has been reduced from 13 members to just four. There are no longer any Sinclair Roche & Temperley lawyers left on the key committee.
Taylor Wessing has hired CEA Capital Partners investment director Ernst-Albrecht von Beauvais as a partner in its Düsseldorf office. Von Beauvais is a media specialist who previously worked for Bertelsmann Group; he also worked as head of business development at German pay-TV station Premiere. At Taylor Wessing he will concentrate on international M&A and leveraged ...
Tulkinghorn's email is plagued by a whole host of quickly discarded nonsense, but few are as persistent as Poppleston Allen's eNews.It arrives, with unerring consistency, three or sometimes four times a month. Until now Tulkinghorn has ignored this offering, not convinced that a specialist licensing firm based in Nottingham can really generate that much genuine news. Then, last week, an urge to see just what was going on in the world of licensing overcame him. ...
You wouldn't think Anthony Cann or Tony Angel are a couple of Trotskyites, but given the permanent revolution at Linklaters, I'm having my doubts. Managing out dozens of partners and associates, that cash call last year, up to £30m spent on a new IT system, and perhaps most damaging for the old amour-propre, coming bottom of The Lawyer 100 magic circle profits table with £650,000 - which was also less ...
Steptoe & Johnson's London office had has a string of departures. Emma Vere-Jones asks: can managing partner Maury Shenk turn it around?
Addleshaw Booth & Co and Theodore Goddard have voted to merge on 1 May 2003.The merged firm will be called Addleshaw Goddard, with Addleshaws managing partner Mark Jones and senior partner Paul Lee retaining their titles to run the new firm. Theodore Goddard senior partner Paddy Grafton Green will be partnership chairman while his chief operating officer Nigel West will return ...
As Eversheds managing partner David Ansbro prepares to hand over the reins to David Gray, Julia Cahill talks to the men themselves and finds out where the firm was, where it is and where it intends to be
Robert Rhodes QC and his set 4 King's Bench Walk (4KBW) are considering taking legal action against the Bar Council after the council's allegations of mismanagement and payment of commissions for work were last week found to be untrue by a Bar disciplinary tribunal.