14 May 2007
Last week (7 May) The Lawyer ran a piece on how London-headquartered firms had trouble opening offices in Saudi Arabia. So hats off to Allen & Overy (A&O) for being one of the tiny number of firms to stake a claim in the kingdom. The magic circle firm announced on 11 May that it would be launching in Riyadh through an association with local firm Abdulaziz AlGasim - the only avenue open to foreign ...
South East firm IBB Solicitors has made four promotions to the partnership. They are Jeff Elphee in commercial development and construction, Jon Mowbray in real estate and dispute resolution, Joanne Gibbons in crime and Paul Murray in childcare
Canadian aluminium producer Alcan has turned to Freshfields Bruckhaus Deringer for the £16.54bn takeover approach by US rival Alcoa.
Ashurst has advised on the $155m (£77.83m) purchase of two oil assets in the troubled Democratic Republic of Congo (DRC).
South Yorkshire firm Atteys Solicitors has sealed a merger with Doncaster-based rival Richmonds Solicitors.
Baker & McKenzie London managing partner Gary Senior has been re-elected to the post for a second term.
Beachcroft has cracked the £100m turnover mark for the first time, the firm’s financial results reveal.
Bedfordshire-based firm Park Woodfine and Northamptonshire firm Heald Mellows are merging to create Park Woodfine Heald Mellows. The new firm will make combined fees of £4.2m and will have its head office in Bedford. Park Woodfine, which will specialise in property and commercial law, has promoted associate Annamarie Petsis Jones to the 11-strong partnership. The firm's managing partner Rae Levene said: "The merger of Park Woodfine and Heald Mellows is a result of the professional ...
The London office of US firm Bingham McCutchen has mitigated the flow of recent departures in its finance group by hiring a Shearman & Sterling lawyer.
Bircham Dyson Bell has discarded the traditional use of PQE as the key component in grading solicitors. The firm has replaced it with a performance-based structure called the Career Development Framework (CDF). The CDF establishes four levels of seniority based on the achievement of specified criteria, comprising solicitor, associate, senior associate and partner. Since the implementation of ...
Berwin Leighton Paisner (BLP) has increased its salaries for trainee and newly qualified solicitors (NQs).
US media company NBC Universal has snapped up the general counsel of the British Phonographic Institute (BPI), the trade association of the UK’s music industry.
SJ Berwin's financials" /CMS Cameron McKenna has announced a disappointing set of financial year-end results.
Canadian firms were rejoicing as the country became the centre of last week's frenzied M&A activity, with two mega-mergers worth an aggregate of £25bn being announced in one day.
Canon Europe has a new legal chief, scooping Fujitsu’s former Europe, the Middle East and Africa head of legal services David Bateson to replace Michio Suzuki.
Addleshaw Goddard is slowly making inroads with its attempts to penetrate the private equity sector. The firm's big catch was Andrew Carpenter, who joined the team from O'Melveny & Myers last December to build up the practice area in London and create stronger links with private equity houses in the capital.
The accession of Romania and Bulgaria to the EU at the start of the year has provided yet more opportunities for the many international firms operating in Central and Eastern Europe (CEE).
The Chartered Institute of Arbitrators (CIArb) has published the world's first guidelines on the inter-national standards that should be met in order to become an arbitrator.
Top City firms are squaring up in the battle for music publishing group EMI.
The Southampton office of Bristol-based Clarke Willmott has launched a private client practice following a three-partner raid on Southampton-based Moore & Blatch.
South East law firm ASB Law has become the latest firm to prepare for the post-Clementi legal world by launching a standalone volume business.
CMS Cameron McKenna has shunned the glitzy surroundings of a country club or West End hotel to host its associate away-day, instead plumping for East London’s Hackney Empire last Friday (11 May).
The Southwark coroner delivered a verdict of accidental death in the case of Matthew Courtney, the Freshfields Bruckhaus Deringer associate who fell to his death at the Tate Modern gallery in February.
US firm Curtis Mallet-Prevost Colt & Mosle has ramped up its emerging market presence by launching its first office in Istanbul. The firm, which has recently expanded its offices in Frankfurt, Paris and London, is hoping to build its client base in South Eastern and Central Europe as well as the Middle East with the new office. Managing partner of the Istanbul office, Ali Gursel, said: "It’ll help us to better support our clients in these jurisdictions. We’ve always ...
West End-based Davenport Lyons has helped saved the UK-produced St Trinian's remake from the scrapheap with its first foray into film financing.
Dewey Ballantine has lured a partner away from its former merger partner Orrick Herrington & Sutcliffe.
DLA Piper has landed a major victory for the Zambian government. The English High Court held that the country's former president Frederick Chiluba and four senior aides conspired to rob the government of $46m (£23.08m). Mr Justice Peter Smith held that Chiluba took part in two separate conspiracies to siphon off the money, laundering it through two London law firms - Meer Care & Desai and Cave ...
Philadelphia-headquartered firm Duane Morris is in preliminary merger talks with a number of London firms.
Scots giant Dundas & Wilson has hired former Lord Advocate Colin Boyd QC to head a new public law group.
Jailed Russian oil baron Mikhail Khodorkovsky's lawyer, Genrikh Padva, has launched a joint venture in London.
Denton Wilde Sapte (DWS) has lured back two legacy Wilde Sapte asset finance lawyers for its overseas offices.
Arch rivals Denton Wilde Sapte (DWS) and DLA Piper will square off in the fight between Sheffield United FC and the Premier League over the controversial Carlos Tevez affair.
The EU's new energy treaty is giving the Balkan states something to aim for with regard to utility companies. By Peter Solt
Eversheds has cracked the half-million profit per equity partner (PEP) mark for the first time, the firm’s financial year-end results reveal, as first revealed by The Lawyer (7 May, 2007). The figures reveal PEP having risen 20 per cent for the second year running, bringing this year’s figure to £502,000 after 2005-06’s £422,000.
Fasken Martineau Stringer Saul has represented longstanding client Antisoma on a global licensing agreement with pharmaceutical firm Novartis. The deal concerns Antisoma's vascular disruption drug AS1404, which is in development for the treatment of lung, ovarian and prostate cancers. If all requirements are met Antisoma could receive up to $890m (£446.91m) in addition to royalties on sales. Initially $75m (£37.66m) will be paid, with a further $25m (£12.55m) due when the drug ...
Field Fisher Waterhouse (FFW) has landed a High Court ruling that sees a top Taiwanese TV presenter being awarded substantial compensation after being horrifically injured in the Potters Bar rail crash.
The Financial Services Lawyers Association (FSLA) was launched last week by some of the most influential lawyers in the financial services sector.
A raft of firms across Europe have been drafted in to advise on the €3bn (£2.04bn) auction of Endemol, the makers of the Big Brother reality television series.
Freshfields Bruckhaus Deringer and Macfarlanes have both won new clients to score key roles in the £7.85bn takeover of building materials company Hanson by German rival HeidelbergCement, announced this week.
"Go back to 1997," said Tony Blair last week. "Think back. No, really, think back." With such an exhortation, how could we resist? If you were a newly qualified solicitor in 1997 then you were part of a blessed generation that benefited enormously from the pace of change within the profession.
Herbert Smith is advising India's Tata Steel on its new long-term financing for the takeover of Anglo-Dutch steelmaker Corus. The company will borrow £3.67bn, the largest-ever loan for an Indian company. The Herbert Smith team, which has developed a strong relationship with the company since its first acquisition bid in October last year, was led by partner Clive Barnard. Tata's £6.6bn bid for Corus was expected to be funded by a high-yield bond facility arranged by Deutsche Bank, ...
Herbert Smith is attempting to reverse the trend of corporatisation of law firms, with its management being decentralised and handed back to the partners.
THE Head of shipping at Hextalls Dominic Lang has been appointed as the firm's new chief executive.
Renewed interest in real estate investment in Russia and new legislation governing town planning is seeing the market – and the country’s dilapidated residential housing – receive a facelift. By Andrei Soukhomlinov
Hugh Peart’s love of innovation has driven him to find new ways to decrease legal spend and streamline work. By Jon Parker
There's nothing we like more than an all-rounder. And so we applaud former Swedish Linklaters lawyer Joacim Bjork for his excellent creative efforts.
Senior judges have backed the Lord Chief Justice Lord Phillips’ criticisms of the new Ministry of Justice (MoJ) after an emergency meeting of the Judge’s Council was held yesterday (15 May).
Feathers have been more than ruffled at the Bar Council since a former chairman decided to rejoin the membership, it appears.
With all the pirate CDs that music industry groups the BPI and IFPI have nabbed between them, there's no shortage of possible theme tunes for the game of musical chairs going on in their office.
Latham & Watkins has cemented itself as the go-to firm for Russian companies listing in London, landing a key role on the world's biggest IPO this year.
Lawyers are the happiest professionals in the UK, according to a recent survey by a recruitment consultancy.
LeBoeuf Lamb Greene & MacRae has beefed up its Russian presence with the lateral hire of Cleary Gottlieb Steen & Hamilton associate Dan Coppel.
Swedish independent firm Lindahl has made a push into the public M&A sector with the hire of Mats Beckman, general counsel at the OMX Nordic Exchange.
Linklaters has lost its finest musical talent to a client, after Stockholm associate Joacim Björk signed up to join Linden Gruppen as senior counsel.
Linklaters' reshuffle continued today (18 May) with the announcement of new national heads for the litigation and arbitration practices for the UK and Belgium.
There is a general consensus within the legal profession that there has been a downturn in commercial litigation, the judiciary claimed otherwise last week, but now it is not so sure.
Lord Woolf and Tony Blair’s brother William Blair QC are flying in to Qatar to launch the country’s first civil and commercial court as part of its drive to become one of the world’s most prominent financial centres.
Lovells has hiked its associate salaries by 19.8 per cent and introduced a bonus to reward its own trainees for making associate.
Lovells has strengthened its life sciences group with the addition of former Merck Sharp & Dohme legal director Marc Dalby.
Lovells is closing in on a new corporate partner for its Milan office, and is voting on whether ex-Ernst & Young partner Paolo Tanoni can join the partnership.
Lovells' Dubai office has made a new hire and announced its intention to push the practice over the 20-lawyer mark in the next few months. Lovells London-based corporate partner Tom Brassington will join global Islamic finance head Rahail Ali and his four-partner team in Dubai next month - four weeks after the office launched on 1 May, as revealed by The Lawyer (26 March). Ali, who joined from Denton Wilde Sapte (DWS) with the rest of his team, said: "We've been very busy since ...
Macfarlanes is to overhaul its top-tier management when its senior and managing partners both step down next year.
Mayer Brown Rowe & Maw has announced a rejig of its internal management as Paul Maher relinquishes the role of London senior partner.
The High Court of Malawi has declared the death sentences on all prisoners on death row unconstitutional in a landmark judgment that spells the end of the automatic death penalty.
The under-fire law firms representing sick miners in the British Coal compensation fiasco have accused the Government of hypocrisy after its costs topped £2bn.
Nabarro boosted turnover by 13 per cent in the last financial year and expects a 20-plus percentage point increase in average profit per equity partner (PEP). If the firm has achieves the PEP increase it will have hit its target of reaching £500,000 by the end of the 2006-07 financial year. Last year PEP stood at £451,000. Nabarro senior partner Simon Johnston said: "We had a very aggressive budget ...
Tulkinghorn is a discerning personage of impeccable taste, but he must admit to liking the odd smattering of puerile humour as much as the next man. And we can trust our US cousins to raise a smile when times are bleak.Law firm Stroock & Stroock & Lavan has an uncommon moniker itself, but guffaws were heard across Tulkinghorn Towers when it became apparent which partners were part of a group defecting to O'Melveny & Myers: Gerald Bender and Doron Lipshitz, Tulkinghorn salutes you.
Norton Rose continued its rapid expansion of its Paris office today with the hire of Orrick tax partner Stéphane Salou.
Olswang has released provisional figures that show an increase in turnover of around 9 per cent to £83m for the last financial year.
Olswang has boosted its IP team, hiring respected IP academic Jeremy Phillips as a consultant from Slaughter and May.
Sports boutique Onside Law has launched a litigation practice, bringing in Chris Walsh from Lyndhurst Racing to head the new group.
Sports boutique Onside Law has picked up a brace of football sponsorship deals as the FA Cup Final clash between Chelsea and Manchester United draws closer.
Pinsent Masons has boosted turnover by 12 per cent, hitting £192m.
There's a growing confidence at Pinsent Masons. Late last night (14 May) news of the firm's 12 per cent rise in turnover hit The Lawyer. See story.
As experienced readers will know, there is no escape from Tulkinghorn's spies. They are everywhere. Including at local newspaper the Mid-Devon Star, which is how it came to pass that the great man learnt of the cricketing legacy of South West firm Ashfords.
As the nursery rhyme has it, sugar and spice are the main ingredients of little girls, while their brothers tend to be more partial to slugs and snails and puppy dogs' tails.
Justice minister Bridget Prentice has implored firms to not pigeonhole their female or ethnic minority lawyers.
Tulkinghorn had been following newly qualified barrister Tom Brennan's high-profile fight against NatWest for alleged extortionate charges for breaching overdraft limits with much interest.
Nabarro head of restructuring and insolvency Patricia Godfrey has been appointed president of R3, the association of business recovery professionals. Godfrey's appointment to R3, which stands for Rescue, Recovery and Renewal, comes at a time when bankruptcy in the UK has ...
It's not every day that a well-known finance partner admits to engineering regulation to create work for himself. But that's exactly what one prominent US partner did when discussing recent proposals to change the UK Insolvency Act (1986), announced last week.
More than 80 different firms and organisations appear in the shortlist for this year's Lawyer Awards.
It looks as though Tulkinghorn's long-time favourite axeman, Lovells property guru Bob Kidby, has competition.
Russian law firm Smal and Partners issued court proceedings for $22.5bn (£11.4bn) against the Bank of New York (BoNY) in relation to what has been dubbed "the case of the long-gone cash".
The Law Society of Scotland and the Faculty of Advocates have criticised the consumer group Which? for "jumping the gun" when filing a super-complaint against the Scottish legal profession.
Shearman & Sterling and Canadian firm Torys have advised on their second major transaction in a week for financial data provider Thomson Corp.
Congratulations to the boys from One Essex Court, who just edged out Blackstone Chambers on penalties in the final of this year's Clerk's Cup.
The Ministry of Justice today (15 May) announced six new QCs for Northern Ireland.
SJ Berwin has advised new client Citigroup Property Investors and existing client Arax Properties on their joint €95m (£64.64m) purchase of six properties in North and North East Germany from DIAG Gruppe. The SJ Berwin team was led by Frankfurt real estate partner Sebastian Gronstedt, assisted by associates Thomas Fluegel and Ulrike Janssen. The firm also advised Citigroup and Arax in respect of ...
SJ Berwin hopes Indian intake will help build ties" /SJ Berwin is the latest firm preparing to establish a foothold in the Indian market, with four Indian trainees joining its London office in September.
Private equity deals rely on personal relationships, so SJ Berwin should be worried, says Margaret Taylor
Slaughter and May is further reinforcing its relationship with private equity house 3i by advising on the proposed flotation of its latest vehicle.
Speechly Bircham has posted a 17 per cent increase in revenue for 2006-07, taking turnover to £40m for the first time.
The debate surrounding litigation funding has intensified, with a new provider hitting the market.
Tulkinghorn is delighted to report, as promised, the result of Burness chairman Philip Rodney's brave attempt to liven up an AGM with a spot of rock (see last week's issue if you're confused)."The Tap clip went down a treat at our annual review to staff," says Rodney. "Being such a cool firm, of course it would. Our credo for the next year is '11 is louder than 10'."Rodney added that he was off to get a haircut in case anyone thought he was one of the band. Probably.
Russia's tax system is undergoing a raft of changes designed at improving both its procedures and fairness, but there is still more to be done. By Oleg Konnov
Taylor Wessing has posted a UK turnover increase of 14.3 per cent for 2006-07, with the firm registering double-digit growth across all three of its core jurisdictions.
Never has there been so much workplace joviality since Doc and his other six vertically challenged mining colleagues whistled hi-ho.
What was your first-ever job?As a lawyer, trying to get an injunction for The Beatles to stop the unauthorised sale of their Hamburg performances.
Bristol-based TLT Solicitors has hired a new head of financial services regulation and a specialist compliance lawyer.
Diversity and inclusion are growing in importance for the UK legal profession as firms expand and seek to penetrate the global marketplace. An ability to connect with clients and see things from a diverse cultural and business perspective now requires lawyers to step up a gear within the diversity field if they wish to win, retain and extract business ...
Malcolm Iley, Trowers & Hamlins' so-called Godfather of local government lawyering, has stepped down as the firm's head of public sector.
A five-year shareholder dispute - the largest securities class action settlement by a single corporate defendant - has seen Tyco International pay out $3bn (£1.51bn).
A growing number of UK law firms are contemplating a listing, according to the corporate finance house behind the 2001 AIM float of patent and trademark practice Murgitroyd & Company.
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.
A number of firms are embracing new technologies as a way to build closer ties with both their own lawyers and clients alike - but the new methods cut no ice with the traditionalists
What the ****?! Don't you just hate it that those wacky US lawyers are always one step ahead when it comes to selling themselves? Take North Carolina outfit Helms Mulliss & Wicker. It's just unveiled a new way of reaching potential clients, raising its profile and spreading the good news about its brand.
Bracewell & Giuliani’s triumphant entry into the London market has stalled after it was snubbed by White & Case capital markets partner Peter Epp, who had been earmarked to launch the firm in the UK capital.
White & Case has snared a lead role advising on the largest Russian real estate IPO to date.
The recent judicial review proceedings by the Black Solicitors Network (BSN) and the Society of Asian Lawyers (SAL) is one of four that have been brought against the Carter proposals. Opposition has come from unlikely sources such as the judiciary and City firms. There were also parliamentary concerns shown in the recent report by the Constitutional Affairs ...
Birmingham-based Wragge & Co has boosted turnover by 11 per cent, from £101.3m last year to £112.6m. The firm's year-end financial results also revealed that average PEP was £410,000, up by less than 4 per cent from £395,000. Total profit is up by 9 per cent, from £41m to £45m, while the profit margin has remained stable at a respectable 40 per cent. Senior partner Quentin Poole said Wragges has an ...