15 May 2006
Allen & Overy (A&O) has awarded star finance partners Tim Polglase and Robin Harvey extra points on its 15-year lockstep as it closes ranks following the departure of Stephen Gillespie to
Allen & Overy has further bolstered its New York presence with the hire of banking specialist Elizabeth Leckie from O’Melveny & Myers.Leckie’s hire follows that of structured finance partners Howard Goldwasser and Lawton Camp from the New York office...
Allen & Overy’s (A&O) London office has lost another partner, this time seeing corporate partner Vanessa Blackmore defect to Sullivan & Cromwell.
South East firm ASB Law has announced a profit increase of almost a quarter for the last financial year, but it is less bullish about its turnover. Profit per equity partner has shot up by 24 per cent to £161,000, compared with £130,000 for the previous year. However, the firm declined to reveal its fee income, claiming that it was "steady". In 2004-05 the firm generated a turnover of £18.2m and last year reorganised, cutting 11 jobs across its offices. ASB also suffered the departure ...
The banking and finance market is in a constant state of flux as new technologies, markets and products are developed. This Banking & Finance Special Report reflects those changes, looking at the new innovations in the market. In banking, the demand for leveraged buyouts (LBOs) has grown exponentially in the past few years, with the size of deals increasing at the same rate. There is so much competition in the market that banks have relaxed their lending terms to win mandates. The LBO ...
The Bar Council is poised to launch an investigation into the conduct of the barristers during the BCCI trial, The Lawyer can reveal.
Barclays has boosted its in-house team with the appointment of a corporate finance partner from Gibson Dunn & Crutcher.
RAF lawyer Michaela Strowger argues that the armed services offer unparalleled career development
The influx of US investors into European leveraged finance has paved the way for a convergence between the two markets. Barbara Choi reports
The influx of new sources of money, together with a reinvigorated interest in investment, has prompted a flurry of leveraged buyouts. Chris Howard analyses the trend and what it means in the long term
Barlow Lyde & Gilbert (BLG) is bracing itself for a drop in turnover despite being involved in a number of high-profile cases including Equitable Life.
Berwin Leighton Paisner (BLP) has moved to help turn off taps across the South East with its water utilities practice securing the first drought order in 11 years.
Global industrial gases group BOC is poised to launch the UK’s first ever MBA designed specifically for in-house lawyers.
The London managing partner of US firm Bryan Cave has stepped down after six years.
Offshore law firm Conyers Dill & Pearman has reorganised its management structure following the appointment of a new chief executive.
Clifford Chance has strengthened its strategic alliance with New Zealand M&A firm Chapman Tripp by hiring star partner Paul O'Regan as its new head of corporate in Tokyo.
Clifford Chance has followed the lead of the other magic circle firms by raising salaries for newly qualified lawyers to £55,000.
Clifford Chance has backed away from radical plans to create an all-equity partnership model in favour of a structure designed to give junior partners a stronger voice in the running of the firm.
Clifford Chance is strengthening further its relationship with Barclays by teaming up with the bank to offer free legal advice, marking the first time the firm has set up a pro bono partnership with a client.
Microsoft is awaiting the verdict of its appeal against the European Commission's record antitrust fine. Donna Sawyer talks to director of law and corporate affairs Chris Parker about the issues at stake
Cleary Gottlieb Steen & Hamilton has shut down its underperforming Tokyo office, bringing to an end the US firm's 18-year local presence in Japan.
Dechert" /Weil Gotshal & Manges has lost two corporate and securities partners to Dechert in a rejig of the corporate team following the trophy hire of Lovells partner ...
The London Borough of Haringey has plans for major regeneration. Legal head Davina Fiore tells Jon Parker about her role in boosting the area and the legal team's reputation
Herbert Smith has drawn first blood in the race to win the real estate investment trust (Reit) war, securing the first public mandate to convert Hammerson from a listed company to a Reit.
FFW and Osborne help BBC with magazine sell-offField Fisher Waterhouse (FFW) and Osborne Clarke advised and BBC Worldwide's sale of publisher Origin and all of its non-BBC related titles in a management buyout (MBO). BBC Magazines will retain the BBC-branded titles previously produced ...
DLA Piper Rudnick Gray Cary has poached a five partner banking and finance team from Germany’s Luther Menold as it continues its international expansion.
DLA Piper Rudnick Gray Cary is set to roll out a standard approach to cross-border transactions across its global network, based on a system developed by the UK real estate team.
The College of Law has given accreditation to DLA Piper Rudnick Gray Cary's restructuring and recovery training programme. The diploma will be offered by DLA Piper's business support and restructuring group (BS&R). This is the first time that the College of Law has accredited an in-house restructuring and recovery training programme, and the firm says it gives its lawyers a significant advantage over ...
Denton Wilde Sapte (DWS) has added a law firm in Mauritius to its Africa alliance as it looks to capitalise on the jurisdiction's burgeoning reputation as an offshore destination for African companies.
The Supreme Court has unanimously set aside judgment in favour of eBay in its patent dispute with MercExchange, which may make it harder for claimants to win permanent injunctions against patent infringers.
The ever-growing entity that is patent and trademark attorney firm Marks & Clerk may hide a myriad of mysteries, at least to the lay (ie non-IP spod) person.
Eversheds has won a High Court victory for the family of Bob Marley against the singer’s former guitarist, Aston “Familyman” Barrett.
The former legal director of Lastminute.com David Hickson (left) has joined The Legal Desk, which describes itself as a "new virtual law firm". Hickson was Lastminute.com's lawyer for five years. He said he was attracted by the firm's technology-led delivery of advice and the strategy of only recruiting former in-house lawyers. The Legal Desk was founded last year by former BT in-house lawyers Alyson Jackson and Tara Trower. Its lawyers work from home in various locations throughout ...
The legal department at F&C Asset Management has launched its first-ever customer service survey, which will question both external and internal clients of the legal function with the aim of getting a better measure of its performance.
Last year Judges brought in sweeping changes to the way it operates its business.
Freshfields Bruckhaus Deringer has scooped a mandate to advise longstanding client Xstrata on its US$18.1bn hostile bid for Falconbridge.
Freshfields Bruckhaus Deringer and Lovells have advised on the EUR1.7bn sale of an RWE subsidiary to US private equity house Advent International.
Linklaters has scooped the lead advisory role on British pharmaceutical giant Astra Zeneca’s £702m offer for Cambridge Antibody Technology (CAT) after Freshfields Bruckhaus Deringer was conflicted out of the deal.
Property star Julian Holy lost his appeal to the High Court last week (11 May) against the Law Society's decision to strike him off the solicitors' roll.
Niche gaming firm Harris Hagan has hired of former Shadow Gaming Minister and qualified barrister Nick Hawkins. Hawkins, a Conservative MP between 1992 and 2005, also held the roles of Shadow Solicitor-General and Shadow Home Office Minister during his time in the House of Commons. He left the front bench in 2004 and served on the committee scrutinising the Gambling Act 2005, before standing down from his Surrey constituency at the General Election. Hawkins will work as an employed ...
Germany's Hengeler Mueller has raised its associate salaries, with newly qualified lawyers set to earn up to €90,000 (£62,000).
Holman Fenwick & Willan's profit has rocketed by 30 per cent after a year of focus and consolidation.
Hunton & Williams has taken a six-lawyer, multi-office team from White & Case to bolster its international trade practice, bringing capability to Asia for the first time.
David Middleton on the month in-house
Pillsbury Winthrop Shaw Pittman has overhauled its management team in an attempt to further integrate Pillsbury and Shaw Pitman after the two firms' merger last year.
Size matters as Fidal enjoys profitable 2005Former KLegal firm Fidal was the first Gallic firm to reveal its financial results for 2005, announcing a turnover rise of 8 per cent. The giant firm, which has more than 1,400 fee-earners, now brings in E265m (£181.7m), and but tax law remains integral to its success.
Egorov Puginsky Afanasiev & Partners, the largest domestic law firm in Russia, has its sights set on opening in London.
Bristows senior partner David Brown has retired after 40 years at the firm, to be replaced by real estate partner Michael Rowles.
Kennedys has raided Australian firm Minter Ellison for an insurance team as it launches new offices in both Sydney and Dubai.
The Law Society is beginning a programme of cost-saving redundancies, citing the results of a recent consultation as the catalyst.
Legal executives will be allowed to appear in a range of new courts, after being granted extended rights of audience by the Lord Chancellor.
The RAC is dramatically slashing its Bristol-based Legal Services division in a move that affects 90 lawyers and staff.
Today Margaret Mountford is a household name. But the former Herbert Smith partner, who shot to fame after starring in the hit BBC2 TV show The Apprentice with Amstrad tycoon Sir Alan Sugar, says she "absolutely hates" being recognised all the time.
Linklaters average profits per equity partner (PEP) has broken the £1m mark for the first time following an impressive 26 per cent increase in PEP.
Macfarlanes debt finance star Tom Speechley is leaving the silver circle firm to join Dubai-based Abraaj Capital.
Macfarlanes has completed its first deal for Oaktree Capital Management, advising the US private equity fund on its £182.2m acquisition of Nestlé and Treats ice-cream maker Richmond Foods.
The Law Society has been landed a £250,000 penalty by the Legal Services Complaints Commissioner Zahida Manzoor after she found its complaints handling plan inadequate.
Nabarro Nathanson has made two head of department lateral hires, bolstering its construction and finance practices.
Skadden Arps Slate Meagher & Flom is bolstering its London-based capital markets capability by relocating star partner Richard Muglia from New York.
Sharia-compliant sukuks have been attracting notice on the international financial markets, but a regulatory framework is essential if they are to realise their potential, says Roger Wedderburn-Day
Tulkinghorn did the honourable thing and accompanied his jittery scribes through the looming arches of the Royal Courts of Justice to Court 61 after they found themselves in a spot of bother recently.
Brabners Chaffe Street has broken through two significant financial barriers as North West firms continue to post strong end-of-year results.
Osbourne Clarke has placed IT partner Simon Rendell in charge of its London office, after former head Tim Birt was elected senior partner.
Olswang breaks through £500K profit benchmark" /Olswang has crashed through the £500,000 barrier for average profit per equity partner (PEP) for the first time since 2000.
The Govt must use the 2006 Energy Review to capitalise on the UK's unrivalled renewable energy potential
Orrick has launched a corporate practice in Rome, snapping up corporate boutique Tantalo & Associati.
The Government has approved the first professional qualification specifically for paralegals.
With law firms piling into Dubai like there's no tomorrow, competition in the region is hotting up. Now it has emerged it is even spilling over to law firm parties.
Lester Aldridge has appointed Brett Martelli as a solicitor in the Southampton insolvency team. He joins from the London Borough of Havering.
The changing European commercial real estate market is stealing a march on the US, with Basle II, German banks' divestment and new funds investing driving the shift, says Conor Downey
Blackberry manufacturer Research In Motion (RIM) has dropped Howrey as its lead litigation counsel in favour of Kirkland & Ellis for its patent fight with Visto.
Last year witnessed the first significant wave of Russian companies floating on the London Stock Exchange (LSE) since the high-profile Lukoil IPO in 2002.
Scottish firm Shepherd + Wedderburn has posted robust financial figures for 2005-06, with annual fee income rising 13 per cent to £34.6m.
Mayer Brown Rowe & Maw securitisation star Mark Nicolaides has shocked the market by leaving the firm after more than 20 years.
Last week The Lawyer revealed how a bunch of no-hopers were transformed into winners thanks to the skills of a cunning Svengali. Debenhams was taken from its retail doldrums a few years ago to its £1.7bn IPO heights this year, and it's all thanks to one man (apart, that is, from all the others who worked on the deal). Yes, Pop Idol's Simon Cowell, moonlighting as Freshfields Bruckhaus ...
Shoosmiths' new head of CSR to augment pro bono offering" /Shoosmiths has appointed personal injury unit head Judith Dorkins to head the firm's corporate social responsibility (CSR) programme, giving the firm a coordinated approach to pro bono work for the first time.
Sidley Austin has been brought in to advise troubled transport group Sea Containers on its restructuring.
Solicitors Indemnity Fund (SIF) chair Paul Marsh has been elected as the next deputy vice-president of the Law Society, beating candidates including former Beachcroft managing partner Bob Heslett and maverick Council member Christopher Digby-Bell.
Simpson Thacher & Bartlett has secured the lead advisory role on Kohlberg Kravis Roberts' (KKR) plans to create and float an investment vehicle on the Amsterdam stock exchange.
John Lewis, advocate, Collas Day
After 13 years of litigation, the BCCI liquidators’ case spectacularly collapsed. In its first interview, the Bank of England’s legal team relives the trial’s dramatic finale. By Joanne Harris
Lawyer luvvie Mark Stephens continued his good run of form last week with the release of his 158th book, International Libel and Privacy Handbook.
Running a law firm is a lot like parenting - all that positive reinforcement, setting boundaries and telling the little darlings to tidy up their mess. But the trickiest issue is how you make child number one still feel wanted when number two arrives.
Staying with guitars, it was over to Lovells on Wednesday (10 May) for its annual press shindig. The firm may not be firing on all cylinders at the moment - the long-awaited private equity star replacement for Marco Compagnoni has yet to surface for a start - but at least it can point to its real estate team, headed by axeman Bob Kidby, if it needs brownie points.
Richards Butler's business development supremo Meirion Jones is a published author of some repute in the health and beauty industry. Apparently one of his first books, The Amino Revolution, is of great use for all those suffering from anxiety, stress, or alcoholism, so it could be of use to a fair few lawyers Tulkinghorn knows.