14 November 2005
Addleshaw Goddard and Eversheds have scooped a joint instruction from private equity house 3i on its sale of Encon to Wolseley UK.
After months of delay Dutch investment banking giant ABN Amro has kick-started its long-awaited panel review.
Addleshaw Goddard and Scottish firm Biggart Baillie have joined forces to crack a Chinese generic agrochemical manufacturing ring, slapping 19 injunctions on companies in one fell swoop at an industry event.
They say a merger is a marriage contract, but surely carrying out a ceremony is taking things a little too far?Nevertheless, Tulkinghorn couldn't refrain from dabbing at his eyes with a lacy hanky at the news that Sean Twomey, Norton Rose's unflappable PR chief, has tied the knot with Allen & Overy (A&O) employment ...
Florida-based law firm Akerman Senterfitt is to launch in New York next Monday (21 November) at the same time as it expands its Washington DC presence.
Law students will be among the first to sit a new-look A-level due to be launched next year.
Manches has won a Court of Appeal case that releases it from liability for a £40m arbitration claim.
Ashurst beats City rivals to secure £435m Hikma Pharmaceuticals IPO" /Ashurst has beaten 10 of the City's top firms in a beauty parade to secure the lead role advising Hikma Pharmaceuticals in relation to its £435m IPO on the London Stock Exchange.
Ashurst has fallen further behind its City competitors, reporting a low 5 per cent increase in turnover during the first half of the financial year.
Latham & Watkins is putting preparations in place for one of the biggest European high-yield bond issues to date.
The Bar Council has selected the General Medical Council’s Standards Committee chair Ruth Evans as the first chair of the bar’s Standards Board.
Bird & Bird has recruited Richards Butler rated film finance associate David Quli and promoted him to partner.
A group of Birmingham lawyers and businessmen is fighting the Government for the right to have High Court judges resident in the city.
BERWIN Leighton Paisner's (BLP) real estate team has led the firm's half-year 17 per cent growth in revenue, with the Robert MacGregor-led department up 26 per cent on its 2004 figures.
Bristol-based Bond Pearce has strengthened its commercial property department with the appointment of Nick Huddert as a partner in the Exeter office. Huddert joined from Scottish firm McGrigors, where he was a director (the equivalent of a salaried or fixed-share equity partner). He is the sixth partner-equivalent to leave the firm's London office in the past year. Huddert will manage Exeter's property ...
The Institute of Legal Executives (Ilex) has welcomed the positive measures being taken by the Government and included in the new Compensation Bill to protect the public from unregulated claims management companies (CMCs).
DLA Piper Rudnick Gray Cary has appointed James Cameron as a partner in its aviation finance team. Cameron joins from Freshfields Bruckhaus Deringer's finance group.
Clifford Chance partners are predicting a record financial year for 2005-06 as revenue for the first six months looks set to top £500m and average profitability rockets by at least 20 per cent.
New York law firm Chadbourne & Parke has doubled its Russian presence, securing a three-lawyer team and the St Petersburg offices of Coudert Brothers to complement its other Coudert hires in Moscow and Almaty, Kazakhstan.
Welcome to The Lawyer's first-ever monthly legal intelligence feature, covering the most significant developments in the M&A/private equity market over the past four weeks. Lawyers and bankers alike were celebrating in October following a dramatic upturn in corporate activity with several big ticket M&A deals hitting the headlines on the last day of the month, including Telefonica's £18.29bn recommended takeover of mobile telecommunications business O2 and the £410m management buyout of ...
Houston-based Lanier Law Firm has launched in New York with four lawyers, with the aim of expanding the presence to eclipse its headquarters within three years.
Clifford Chance’s offices in New York and Asia have undergone a change of management with the chief operating officer and finance director roles changing hands.
Cobbetts has announced half-year income of £24.2m, up 18 per cent from the same period last year.
The life-coaching industry has a valuable role to play in preparing for court. By Gerald O'Donovan
Shearman & Sterling advised Daimler-Chrysler on its purchase of its final stake in MTU Friedrichshafen, a manufacturer of large diesel engines. Daimler-Chrysler already owned 88.35 per cent of the business and bought the final 11.65 per cent from the founding families. The purchase followed a disagreement between the two parties over the sale of the business to utilities vehicle group MAN.
Wilberforce Chambers invited a select group of clients and The Lawyer along for a night of 10-pin bowling last Thursday (3 November).
Dechert partner Diane Sullivan has scored a major victory for Merck & Co in the ongoing battle over rheumatoid arthritis drug Vioxx.
Dechert has landed the senior counsel of private equity group 3i as a partner in its Munich bureau.
Over a quarter quit Ashurst, A&O, SJ Berwin; recruiters warn turnover rate to soar as M&A boom kicks in
DLA Piper Rudnick Gray Cary is to launch its new Dubai office in the New Year and has raided Denton Wilde Sapte (DWS) for its first high-level appointment in the region.
Denton Wilde Sapte's (DWS) half-year figures revealed an astounding 29 per cent jump in average profit per equity partner (PEP) on the same period last year.
Eversheds pulls off hire of SFO deputy director" /Eversheds has scored a coup for its fraud team with the hire of Serious Fraud Office (SFO) deputy director Peter Kiernan as a partner.
North West set Exchange Chambers has added two door tenants to its list of more than 80 members. Littleton Chambers' Philip Bartle QC, who specialises in mediation, is joining the set with the aim of developing a mediation practice in Liverpool. Meanwhile, 2 Bedford Row junior Keith Mitchell is also becoming a door tenant in order to build up his fraud practice in the North.
Two former partners from Haarmann Hemmel-rath's Munich office have set up their own practice after leaving the firm earlier this year.
Spotted by one of Tulkinghorn's spies last week: "Welcome to the Irwin Mitchell Website. Irwin Mitchell is one of the top 10 UK law firms."Which top 10 would that be? Tulkinghorn wondered of the 22nd-placed, 200-lawyer firm?
Manches has snapped up Farrer & Co's Lesley Hall to strengthen its technology and IP group. She is currently a partner in Farrers' IP team and will join on 1 November. Hall has specialised in non-contentious IP and IT procurement, working with a number of IT clients as well as in the food and retail industries. Former Farrers corporate partner Felicity Jones also joined Manches in October.
Instead of viewing LLP audit requirements as a cost burden, the thorough going over of one's accounts can bring great peace of mind. By Jeremy Black
Managing partner: Keith Gallon Turnover: £8m Total number of partners: 19 Total number of staff: 70 Main practice areas: Art, aviation and travel, commercial, commercial property, construction, corporate finance, insurance, IP and litigation/arbitration Key clients: ABB, Estée Lauder, Hyundai, Thames Water and Vodafone Number of offices: One Location: London
Law firms' and chambers' commitment to pro bono is a major lure in attracting the best students, according to a new survey. Some 2,140 students at the College of Law took part in major new research, which sounded out students on their views about their future careers.
When litigation goes on for over a decade, the costs mount up, and BCCI is no exception. It is, however, highly unusual for the defendants to rack up higher legal fees than the claimants. In the recent Equitable Life case, settled only three years after being launched and after less than a year in court, Equitable Life had amassed fees of around £40m, with defendants Ernst & Young clocking up a bill of approximately £25m.
Linklaters to review associate workload" /Freshfields Bruckhaus Derringer and Linklaters have overhauled their systems for allocating work to corporate associates in response to the boom in M&A.
Freshfields Bruckhaus Deringer is lagging behind key competitors Allen & Overy at the half-year stage.
Fried Frank Harris Shriver & Jacobson is going head-to-head with the Paris elite as it launches an association with bankruptcy litigation boutique Lantourne.
Spanish firm Garrigues has scooped former European Commission legal service lawyer Jose Luis Buendia Sierra to head up its Brussels office.
Gide Loyrette Nouel had a bumper October after landing its second IPO for the French government this year in the form of the long-awaited partial privatisation of Electricité de France (EdF).
The downscaling of Kilpatrick Stockton's London office continues, with further partners opting to jump ship before the official cull begins.
Miami-based law firm Greenberg Traurig plans to consolidate on its recent rapid growth by expanding its network into both Austin and Seattle.
Tulkinghorn simply adores those old-fashioned lawyers who still dare to be marvellously indiscreet. True, they're a rarer breed in these corporate-led days, but when one finds oneself in their company it remains a delight with few equals.
Halliwells has contin-ued its raid on DLA Piper Rudnick Gray Cary's Liver-pool office with the hire of a fourth partner in 10 months.
Hammonds is on course to recover from last year's disastrous performance after its locked-in partners made solid progress during the first half of the current financial year.
Hammonds' negotiations with its dissenting Italian partners have stalled after both sides failed to agree on the terms of a transition agreement to retain its profitable Hammonds Rossotto branch.
Howes Percival Solicitors partner Andrew Barnes has been elected as the firm’s new managing partner.
Donna Sawyer on the month in China: China opens door to Hong Kong lawyers Cleary identifies Beijing as next outpost DLA Piper bigs itself up in China and Singapore Foreign firms make most of Chinese M&A boom Chinese IPOs surge on back of bank float International roundup Coming up: Europe: 21 Nov US: 28 Nov Europe: 5 Dec asia: 12 Dec
Managing partner: Françoise Ciaudo-Ginestié Turnover 2004: €10m (£6.8m) Estimated turnover 2005: €15m (£10.1m) Total number of partners: 18 Total number of fee-earners: 60 Main practice areas: Commercial, corporate, employment and tax Key clients: ...
Is there anything closer to the heart of lawyers than the structure of their own partnerships? Numerous changes to the structure of partnerships are currently being debated,with forces at play such as the Government's proposals to introduce multidisciplinary partnerships (MDPs),which were unveiled last month (17 October).The recommendationsgo a step further than those made by Sir David Clementi last December.
As takeover fever sweeps the City, partners should spare a thought for the poor corporate associates who are working around the clock to ensure the deals get done.
City insurance boutique Kennedys has picked up SJ Berwin senior assistant Ian Reid in a boost for its construction team.
South East firm Lester Aldridge is planning to double the size of its Southampton office over the next two years as it embarks on an aggressive expansion campaign.
Legal networks Lexwork International and Great Lakes Law have merged to create a transatlantic network. The enlarged network will operate under the name Lexwork International. It sees the link-up of 28 mid-sized independent firms with more than 1,600 lawyers across Europe and North America. Local members of the enlarged network include Bircham Dyson Bell and Gillespie MacAndrew.
Linklatersis celebrating its first successful instruction from TDR Capital after advising the private equity house on the IPO of restaurant group PizzaExpress.
Linklaters has continued to resurrect its financial performance, reporting a 16 per cent increase in revenues during the first half of the financial year.
LINKLATERS has been forced to dump a number of clients after it was discovered that the firm had a direct conflict of interest with the UK Government on the controversial Crossrail project.
Insolvency set 3/4 South Square is mourning the death of its distinguished co-head of chambers Lord Alexander of Weedon QC. Lord Alexander died last Sunday (6 November) aged 69. He was called to the bar in 1961 and was appointed silk just 12 years later. Lord Alexander was highly respected as an advocate, acting on cases such as the controversial Spycatcher dispute and for Jeffrey Archer in his libel trial against the Daily Star. In recent years, Lord Alexander's practice focused on ...
Tom Rose and Fenella Gentleman had lunch on Tuesday 8 November. These titans of legal PR rule the roost at Herbert Smith and Lovells respectively. But the two firms have just - famously or infamously, depending on your point of view - been on the wrong side of the most devastating and embarrassing litigation defeats in recent memory (BCCI and Equitable Life, in case you'd forgotten).
Palmer Capital Partners legal director Christopher Digby-Bell is returning to the Law Society Council two years after being voted out of his City of London seat.
McDermott Will & Emery has poached a five-partner IP team from Morgan Lewis & Bockius in a major coup for its New York office.
Nabarros targets European best friends relationships" /Nabarro Nathanson is set to shun the US, overhaul its European best friends network and expand it to Italy and Spain.
Spotted at Nabarros, the inappropriately-named property partner Tim Herbert-Smith.
Norton Rose has agreed in principle to convert to a limited liability partnership (LLP).
Is the Lords' decision on success fees the beginning of the end for freedom of expression?
South East firm Penningtons has won an appeal to allow reality TV contestant Makosi Musambasi to stay in the UK as a refugee.
Motorola has emerged from its troubles in 2000 leaner and meaner thanks to global general counsel Peter Lawson's tough stance on external legal costs. By David Middleton
Pinsent Masons has had a phenomenal first half to the year as a merged firm, with its average profit per equity partner (PEP) expected to leap by more than 40 per cent by the year's end.
Reed Smith is actively stepping up its search for separate Chinese, Texan and Chicago-based merger partners, following the finalisation of its French launch.
Lorraine Cushnie on the month in the South West: Ashfords celebrates split from Bevan Brittan Bond Pearce appoints new managing partner Osborne Clarke boosts London team Thring Townsend takes on Laytons' Bristol practice Monthly column Coming up: In-house: 21 Nov Management: 28 Nov The bar: 5 Dec Regional: 12 Dec
The Office of Fair Trading (OFT) is expected to deliver its much-anticipated decision regarding the pending merger of bookstore chains Waterstone's and Ottakar's. HMV Group, which owns rival bookstore chain Waterstone's, made a formal £96.4m takeover
Salans has scored a coup for its banking and finance team with the hire of a five-lawyer team from the Paris office of Clifford Chance (CC).The group is led by former CC of counsel Frederic Gros and Philippe Max, who both join as partners, and includes Isabelle Maury, who joins Salans as of counsel.The team joined Salans on 2 November.
Regulatory changes are threatening the future of lockstep. Could this see the return of goodwill payments when becoming a partner? Peter Ashford and Simon Bevan report
Blue Velvet. I Left my Heart in San Francisco. Let's Fall in Love. Ahh, who can beat the silky voice of the silver-haired crooner. Well, that was what we thought until Tony Bennett, who also goes under the name of Andrew Wright in his secret life as a partner at Cobbetts, admitted he couldn't sing. "I'm tone deaf," he tells The Lawyer in his Work-Life Quiz. If that's ...
Shearman & Sterling has represented Credit Suisse as the sole bookrunner in the $750m (£429.6m) offering of US dollar bonds by the Vietnamese government.
Shearman & Sterling last month signed off one of Italy's largest-ever corporate deals - Allianz's €(£3.85bn) takeover of insurance group Riunione Adriatica di Sicurtà. It is understood that the US firm led on the Italian aspects of the deal after Shearman's Allianz contact partner and German head Georg Thoma persuaded the client to use the Italian arm. Domestic Italian firm Chiomenti, led ...
Liverpool boutique Silverbeck Rymer is set to pursue an aggressive growth strategy after more than doubling its turnover during the past three years.
Simmons & Simmons is on track to achieve its ambitious profit target for next year after revenue for the first half was up by 10 per cent.
'Supersilk' status beckons as Stadlen is showered with plaudits for seeing off Pollock. By Joanne Harris
South East law firm Taylor Walton has triumphed in a beauty parade to provide legal services to Timpson, the shoe repair and key-cutting chain.
The European expansion of Taylor Wessing continued in November with the launch of a local law capability in Brussels.
With new age discrimination legislation due next year, partnerships will have to review their lockstep structures or leave themselves open to litigation. By Alan Watts
Moira Gilmour, mananging partner-elect, Field Fisher Waterhouse
The new Compensation Bill may look tough
Weightmans has raided local rival Keoghs for property partner Anne Dobie in a continued push to bolster its real estate practice.
White & Case has poached a five lawyer team from Haarmann Hemmelrath to launch its new Munich office.
The exodus from Kilpatrick Stockton continues, with White & Case joining the swath of firms recruiting from the Atlanta-based firm’s downsizing London office.
One of the UK's top media and entertainment boutiques Wiggin has unveiled a bizarre strategy that will see it effectively cease growing in two years.
US West Coast giant Wilson Sonsini Goodrich & Rosati has elected 12 new partners across the firm. Wilson Sonsini, which is a bellwether for the health of the West Coast's technology-focused firms, promoted just seven last year. Chief executive John Roos said the promotions would be effective from 1 February 2006 and reflected the firm's diversity. Of the 12 new partners, four are women. Six are in the firm's corporate and securities practice, with one of those based in New York, while ...