15 May 2006

The Lawyer

  • A&O fudges lockstep to give banking stars extra points

    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

  • A&O scoops O'Melveny partner in NYC

    18-May-2006

    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...

  • Another star A&O partner quits for another US firm

    15-May-2006

    Allen & Overy’s (A&O) London office has lost another partner, this time seeing corporate partner Vanessa Blackmore defect to Sullivan & Cromwell.

  • ASB Law posts 25 per cent profit hike

    15-May-2006

    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 ...

  • Banking & Finance

    15-May-2006

    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 ...

  • Bar Council set to probe Pollock's BCCI conduct

    15-May-2006

    The Bar Council is poised to launch an investigation into the conduct of the barristers during the BCCI trial, The Lawyer can reveal.

  • Barclays takes new deputy general counsel from Gibson Dunn

    15-May-2006

    Barclays has boosted its in-house team with the appointment of a corporate finance partner from Gibson Dunn & Crutcher.

  • Become a high-flyer

    15-May-2006

    RAF lawyer Michaela Strowger argues that the armed services offer unparalleled career development

  • Best of both worlds

    15-May-2006

    The influx of US investors into European leveraged finance has paved the way for a convergence between the two markets. Barbara Choi reports

  • Big lenders

    15-May-2006

    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

  • BLG unveils poor financials as revenue dips

    18-May-2006

    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.

  • BLP fights drought with first order in 11 years

    18-May-2006

    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.

  • BOC to launch first MBA for in-house counsel

    18-May-2006

    Global industrial gases group BOC is poised to launch the UK’s first ever MBA designed specifically for in-house lawyers.

  • Bryan Cave chief steps down to resume fee-earning role

    15-May-2006

    The London managing partner of US firm Bryan Cave has stepped down after six years.

  • Capital G hire kicks off Conyers revamp

    15-May-2006

    Offshore law firm Conyers Dill & Pearman has reorganised its management structure following the appointment of a new chief executive.

  • CC and New Zealand's Chapman Tripp cosy up with Tokyo corporate hire

    15-May-2006

    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.

  • CC raises NQ salaries to catch up with magic circle rivals

    15-May-2006

    Clifford Chance has followed the lead of the other magic circle firms by raising salaries for newly qualified lawyers to £55,000.

  • CC scraps plans for all-equity structure

    15-May-2006

    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.

  • CC, Barclays lawyers in joint pro bono plan

    15-May-2006

    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.

  • Chris Parker: Microsoft

    15-May-2006

    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 calls time on its Japanese outpost

    15-May-2006

    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.

  • Compagnoni arrival sees duo quit Weil for Dechert

    15-May-2006

    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 ...

  • Council nous

    15-May-2006

    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

  • Deals comment

    15-May-2006

    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.

  • Deals roundup

    15-May-2006

    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 springs E&Y German raid

    16-May-2006

    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 to adopt standard reporting

    15-May-2006

    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.

  • DLA Piper training wins College of Law approval

    15-May-2006

    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 ...

  • DWS adds Mauritian firm to Africa alliance

    15-May-2006

    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.

  • eBay escapes injunction after $35m patent dispute

    16-May-2006

    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.

  • Electric dreams

    15-May-2006

    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 and Marley family defeat Familyman Barrett

    15-May-2006

    Eversheds has won a High Court victory for the family of Bob Marley against the singer’s former guitarist, Aston “Familyman” Barrett.

  • Ex-Lastminute in-houser joins 'virtual law firm'

    15-May-2006

    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 ...

  • F&C law survey tests in-house standards

    15-May-2006

    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.

  • Firm profile: Judge & Priestley

    15-May-2006

    Last year Judges brought in sweeping changes to the way it operates its business.

  • Freshfields advises Xstrata on $18.1bn hostile takeover

    17-May-2006

    Freshfields Bruckhaus Deringer has scooped a mandate to advise longstanding client Xstrata on its US$18.1bn hostile bid for Falconbridge.

  • Freshfields and Lovells scoop Advent-RWE deal

    19-May-2006

    Freshfields Bruckhaus Deringer and Lovells have advised on the EUR1.7bn sale of an RWE subsidiary to US private equity house Advent International.

  • Freshfields conflict hands Links £702m CAT deal

    16-May-2006

    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.

  • Grapevine

    15-May-2006

    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.

  • Harris Hagan lures ex-Shadow Gaming Minister

    15-May-2006

    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 ...

  • Hengeler hikes newly qualified salaries

    15-May-2006

    Germany's Hengeler Mueller has raised its associate salaries, with newly qualified lawyers set to earn up to €90,000 (£62,000).

  • Holmans' profit soars on back of consolidation

    15-May-2006

    Holman Fenwick & Willan's profit has rocketed by 30 per cent after a year of focus and consolidation.

  • Hunton wins team from White & Case

    15-May-2006

    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.

  • In-house

    15-May-2006

    David Middleton on the month in-house

  • Integration gathers pace as Pillsbury rejigs board

    15-May-2006

    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.

  • International eye: France

    15-May-2006

    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.

  • International report

    15-May-2006

    Egorov Puginsky Afanasiev & Partners, the largest domestic law firm in Russia, has its sights set on opening in London.

  • IP legend Brown retires as senior partner of Bristows

    17-May-2006

    Bristows senior partner David Brown has retired after 40 years at the firm, to be replaced by real estate partner Michael Rowles.

  • Kennedys launches in Sydney and Dubai

    15-May-2006

    Kennedys has raided Australian firm Minter Ellison for an insurance team as it launches new offices in both Sydney and Dubai.

  • Law Soc slashes staff as cost-cuts begin

    19-May-2006

    The Law Society is beginning a programme of cost-saving redundancies, citing the results of a recent consultation as the catalyst.

  • Legal executives win advocacy right

    19-May-2006

    Legal executives will be allowed to appear in a range of new courts, after being granted extended rights of audience by the Lord Chancellor.

  • Legal Services team braced for compulsory redundancies as RAC outsources solicitors

    15-May-2006

    The RAC is dramatically slashing its Bristol-based Legal Services division in a move that affects 90 lawyers and staff.

  • Life with Sugar is sweeter than the law for Mountford

    15-May-2006

    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 smashes £1m PEP barrier

    19-May-2006

    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 finance star defects to Dubai's Abraaj Capital

    15-May-2006

    Macfarlanes debt finance star Tom Speechley is leaving the silver circle firm to join Dubai-based Abraaj Capital.

  • Macfarlanes ties up Richmond deal in first mandate for Oaktree

    15-May-2006

    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.

  • Manzoor hits Law Soc with £250,000 fine for shoddy complaints handling

    17-May-2006

    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.

  • Nabarros scoops Travers and Kilpatrick department heads

    17-May-2006

    Nabarro Nathanson has made two head of department lateral hires, bolstering its construction and finance practices.

  • New York move beefs up Skadden's London capital markets

    17-May-2006

    Skadden Arps Slate Meagher & Flom is bolstering its London-based capital markets capability by relocating star partner Richard Muglia from New York.

  • No debt about it

    15-May-2006

    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

  • No grace from gnome

    15-May-2006

    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.

  • North West boom helps Brabners to record year

    18-May-2006

    Brabners Chaffe Street has broken through two significant financial barriers as North West firms continue to post strong end-of-year results.

  • OC reshuffles management and Rendell gets London job

    17-May-2006

    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

    15-May-2006

    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.

  • Opinion

    15-May-2006

    The Govt must use the 2006 Energy Review to capitalise on the UK's unrivalled renewable energy potential

  • Orrick launches Roman corporate practice

    19-May-2006

    Orrick has launched a corporate practice in Rome, snapping up corporate boutique Tantalo & Associati.

  • Paralegal qualification gets go-ahead from Government

    15-May-2006

    The Government has approved the first professional qualification specifically for paralegals.

  • Party politics

    15-May-2006

    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.

  • People

    15-May-2006

    Lester Aldridge has appointed Brett Martelli as a solicitor in the Southampton insolvency team. He joins from the London Borough of Havering.

  • Power shift

    15-May-2006

    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

  • RIM turns to Kirkland for Visto patent battle

    15-May-2006

    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.

  • Rosneft fuels controversy as LSE IPOs flood in from Russia

    15-May-2006

    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.

  • S+W hikes fee income by 13 per cent

    16-May-2006

    Scottish firm Shepherd + Wedderburn has posted robust financial figures for 2005-06, with annual fee income rising 13 per cent to £34.6m.

  • Securitisation star quits Mayer Brown

    17-May-2006

    Mayer Brown Rowe & Maw securitisation star Mark Nicolaides has shocked the market by leaving the firm after more than 20 years.

  • Separated at birth

    15-May-2006

    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

    15-May-2006

    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 aims to keep Sea Containers afloat

    15-May-2006

    Sidley Austin has been brought in to advise troubled transport group Sea Containers on its restructuring.

  • SIF chief elected Law Soc deputy VP

    18-May-2006

    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 lands role on KKR vehicle Euronext flotation

    15-May-2006

    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.

  • The work-life quiz

    15-May-2006

    John Lewis, advocate, Collas Day

  • Time trial

    15-May-2006

    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

  • Too hot to handle

    15-May-2006

    Lawyer luvvie Mark Stephens continued his good run of form last week with the release of his 158th book, International Libel and Privacy Handbook.

  • US hiring spree leads to sibling rivalry

    15-May-2006

    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.

  • What's all the fuzz about?

    15-May-2006

    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.

  • You name it

    15-May-2006

    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.