16 June 2008
#LG has carried out an internal restructuring that saw its four departmental heads step down and be replaced by eight new practice heads. Real estate head Stephen Stephens was replaced by joint heads Jon Lloyd and Rabinder Chaggar; head of tax and private capital Andrew Young was replaced by Anthony Thomson; and dispute resolution chief Andrew Dobson by Andrew Witts. The business ...
Tulkinghorn always considers the bigger firms to be better at marketing than the smaller ones, but he admits he can often be wrong. Thanks to the gin.
Allen & Overy has snared a Cadwalader Wickersham & Taft financial regulation lawyer to bolster its New York office.
#Linklaters’ former managing partner Tony Angel has taken on the role of executive managing director at financial market intelligence provider Standard & Poor’s (S&P). In addition, Angel will head S&P’s Europe, the Middle East and Africa (Emea) ...
What might drive two firms to think about going through the considerable effort and upheaval of merging, particularly in the current and unpredictable economic climate?
South East firm ASB Law is closing its Brighton and Horsham offices in a move affecting around 70 staff.
Ashurst, along with Brick Court Chambers silk Sir Sydney Kentridge QC, has scored a Court of Appeal win that will see television company BSkyB pay rival Virgin costs of £40,000.
Axiom Legal’s unique approach does away with partners and billing targets and offers lawyers attractive working conditions. Could it revolutionise the profession?
A couple from Edinburgh being threatened with a law suit by Baker & McKenzie over their son’s 11th birthday present has received offers of Pro Bono advice from three law firms, The Lawyer can reveal.
Baker & McKenzie is the least attractive international firm to work for in Beijing, while Clifford Chance is the most attractive, a survey ...
Norton Rose has won a place on the panel of Chinese sovereign wealth fund China Development Bank (CDB) after advising on its investment in Barclays.
Two former Bear Stearns fund managers were arrested earlier today (Thursday 19 June) for securities fraud.
Plans to give the FSA power to grant immunity to whistleblowers are fine in principle - but clear guidelines are needed, argue Tom Epps and Shula de Jersey.
Berwin Leighton Paisner has suffered a drop of six per cent in its PEP from £660,000 to £620,000 this year, despite a 10 per cent rise in revenue to £186m.
Bond Pearce has begun a restructuring programme that will see it close its Exeter base and transfer 60 staff to offices in Plymouth and Bristol.
Lawyers involved in the £1bn Buncefield litigation have raised concerns that justice may be compromised as a result of the court trying to keep costs to a minimum.
Clifford Chance ramped up its US pro bono credentials last Tuesday (10 June) when the UK-headquartered firm hosted a reception marking the launch of We Will Be Heard - a new book charting the decades-long struggle for constitutional rights ...
Clifford Chance must trade on more than reputation to take Manhattan" /The criticism in New York of Clifford Chance's 1999 merger with Rogers & Wells is like a stuck record. One is tempted to say to Manhattan lawyers: enough already. Clifford Chance has moved on. These days, the UK-headquartered firm ...
Clifford Chance scoops landmark Goldman Sachs SIV bailout" /Clifford Chance is advising Goldman Sachs on its groundbreaking restructuring series of structured investment vehicles (SIVs).
Keeping tabs on the entrepreneurs behind price comparison site Moneysupermarket.com and handling its listing has kept GC Darren Drabble on his toes for the last year.
Davenport Lyons won a favourable decision from the Advertising Standards Authority (ASA) for its client, Bond Street suit maker Sartoriani, allowing it to advertise its suits as "bespoke" even though they have not been made on Savile Row.
Newcastle's largest firm Dickinson Dees has announced growth in the turnover of its core business but its volume business, which is primarily property-based, has been hit by the downturn.
DLA Piper has scored a role in one of the biggest pharmaceutical deals of the year, lining up alongside Skadden Arps Slate Meagher & Flom in the $6.7bn (£3.4bn) merger of US biotechnology suppliers Invitrogen and the Applera Corporation.
Scotland's largest firm Dundas & Wilson has announced a 23.6 per cent revenue hike to £74.8m from £60.8m the year before.
US chemical company DuPont has appointed a new general counsel as top lawyer Stacey Mobley retires after 35 years in-house.
DWF is to launch a niche insurance practice in London, with the hire of two partners from Davies Lavery, following that firm's merger with Kennedys.
Russian law firm Egorov Puginsky Afanasiev & Partners (EPAP) has called for Russia to reform its court system in a bid to entice oligarchs and businesses back to the country.
Former F&C Asset Management head of legal Gillian Switalski has sidelined Withers in favour of Blake Lapthorn Tarlo Lyons due to the spiralling legal costs of her £19m discrimination ...
Eversheds calls for an end to diversity blame game" class="inline_image inline_image_left" src="/pictures/web/images/12414_64_wilson.gif" /CITY law firms and in-house lawyers have backed an Eversheds plan to launch an alliance that would see recruitment agencies having to do more to tackle diversity.
Former Morgan Crucible employee Ian Norris may have avoided extradition to the US, but don’t expect to see judges do the same for everyone, says Anand Doobay.
American lawyers are weeping into their beers this week over the fate of iconic US beer, Budweiser.
Sintons" /Newcastle-based Sintons has shown its commitment to the North East by building up four distinctive practices: commercial, private client, personal injury (PI) and ecclesiastical.
Lawyers from the US and UK lined up last week to back comments made by European Commissioner for Trade Peter Mandelson on the importance of free trade in the context of globalisation.
Berwin Leighton Paisner (BLP), Linklaters and Simmons & Simmons have all scored roles advising on a £635m contract to provide flight training for the Ministry of Defence (MoD). BLP helped the Ascent consortium, comprising VT Group and Lockheed Martin, secure the 25-year deal. BLP finance head Simon ...
Fladgate restructuring chief Rupert Connell is to leave the firm to join Barlow Lyde and Gilbert (BLG).
UK technology company Smiths Group has hired former ICI legal chief Michael Herlihy as its interim general counsel, after the departure of head lawyer David Lillycrop.
Baker & McKenzie has lost its Bologna office six years after it launched in the Italian city with a local merger.
Never one to shy away from a party, Eversheds threw not one but three shindigs to celebrate the launch of the firm's much-heralded new London office. You know, the one with the sheep on the roof.
Tulkinghorn is always wary of mock trials, ever since he spent six years in a mock jail for running a mock underground poker ring. But the employment bods at Ledingham Chalmers see no harm in the practice and are hosting a mock tribunal in Aberdeen.Apparently the delegates will witness a variety of scenarios which, in real life, could lead to an employee suing them at
Herbert Smith has become the second firm in recent weeks to renege on its decision to freeze junior lawyer salaries.
#Detailed proposals for the introduction of alternative business structures (ABS) in the Scottish legal market will be drawn up following a Holyrood debate. The Scottish government's justice secretary Kenny MacAskill introduced a parliamentary debate that will pave the way for legislation on ABS. Last month members of the Law Society of Scotland voted in favour of the structures (The Lawyer, 23 May).First reported on TheLawyer.com, 11 June
Howard Kennedy has parted company with its six-partner media practice, with three of the team poised to launch their own boutique.
Howard Kennedy is to commence a firm wide strategic review which could lead to 50 jobs, including 20 fee-earners, being cut.
K&L Gates bags Bear Stearns managing director" /K&L Gates has snared Bear Stearns managing director and in-house lawyer for its New York office.
Kennedys acquires Davies Lavery" /Kennedys is set to grow a national network of offices after merging with insurance boutique Davies Lavery.
The Law Commission’s attitude to the enforcement of pre-nuptial agreements has been slammed by family lawyers’ association Resolution for its lack of urgency.
THE LAW Society must plough at least £40m into its closed final salary pension scheme in a bid to reduce its massive deficit.
The Financial Services Authority (FSA) has provoked a storm of protest from City law firms with its new rules on short-selling.
The Legal Services Act, allowing law firms to bring in outside investors, presents a powerful opportunity for the bold and a serious threat to the timid.
LG is the latest City firm to take a hit from the credit crunch, reporting a drop in profit per equity partner of 3.4 per cent.
Well you have to hand it to LG's managing partner Hugh Maule.
Lovells has scored its first UK patent litigation instructions from US pharmaceutical company Eli Lilly, scooping the lead role on three disputes set to hit the courts in 2009.
Like the lawyers at Pinsent Masons, Tulkinghorn does most of his reading in the office with the white-tiled floor. The cubicle might be small, but it is a good place to get through a Churchill biography or two.
Freshfields Bruckhaus Deringer and Slaughter and May have been handed places on the £2.2bn merger of market research giants Taylor Nelson Sofres (TNS) and Germany's GfK. Freshfields corporate partner Jeff Roberts led the team representing UK-based TNS. GfK was advised by Slaughters ...
The Health and Safety Executive has estimated that 13.8 million working days are lost due to work related stress each year with an annual cost to employers of £13 billion. Many more working days are lost to other mental health illnesses.
US firm Milberg announced yesterday that it had struck a $75m deal with prosecutors that will see criminal charges laid against it for a kickbacks scam dismissed.
The Ministry of Justice (MoJ) has appointed its first chief executive for Her Majesty's Courts Service (HMCS) since it announced the new court structure in January.
Lawyers are constantly bombarded with warnings concerning any failure to comply with the Money Laundering Regulations 2007 (MLR 2007). The theory of these warnings is simple enough, but when applied in practice, it is all too easy to find yourself in breach of the law.
North West firm DWF has hired four new partners. In Leeds, Rupert Nevin, a founder partner in DLA Piper's regulatory team, becomes head of the new business regulation, health, safety and environment team, while Carol Grundell arrives from Fox Hayes to lead the family law group. In Manchester, James Lonsdale joins as a commercial and IP partner from
Skadden Arps Slate Meagher & Flom partners Paul Schnell and Tom Greenberg have been unveiled as the partners leading the firm on the iconic InBev acquisition of Anheuser-Busch acquisition.
The Scottish father who owns the narnia.mobi domain name insists that it was a present for his 11-year-old son despite the fact that he owns 78 other domain names.
TLT solicitors has fought off competition from Stephenson Harwood to advise on the multi-million-pound redevelopment of the UK's largest fresh produce market.
Two North East firms have merged to create a major player within Newcastle's second tier.
Snapshot of a downturn: newly-qualifieds’ pay reaches up to £66,000, partner profits of more than a million and record trainee retention. I know that the law lags behind the rest of business, but this is ridiculous.
Thousands of lawyers took to the streets of Pakistan last week to demand the reinstatement of senior judges sacked last year.
#Pannone has given one of its independent consultants the role of head of environment after he successfully took work from a major Hammonds client. Pannone had begun advising BASF on corporate work and used Keith Davidson of Environmental Law Consultancy to extend this to environmental work. "I wasn't looking to come into a partnership role," said Davidson. "They said, 'come and secure this very important relationship for us'. Then I realised the potential here." Davidson had ...
Far and away the most dramatic rise in this year's financials round has been the average profit per equity partner (PEP) hike seen at Salans.
A legal dispute between niche property firm Prince Evans and its former senior partner Louis Robert has resolved a week before going to trial, with Robert due to begin a partnership role at Winckworth Sherwood today (16 June).
If Tulkinghorn were a firm, he would be Finers Stephens Innocent. Nowhere else embodies Tulkinghorn's 'turn on, tune in, have a gin and tonic' philosophy quite so much as that London establishment.
In-housers from leading search engine companies have formed an alliance to deal with issues thrown up by Google's revamped keywords policy. Crucially, Google has refused to join.
Fresh from 10 years at the helm of the UK government, former prime minister Tony Blair has turned his attention to the launch of the new Nottingham Law at Kaplan Law School in London, where he is known to colleagues as chief executive Giles Proctor. Having trained as a barrister, Blair has come full circle by returning to legal education. But he is not finding it as easy as heading up the Labour government, and student numbers are lagging 50 per cent behind first-year targets. ...
Simpson Thacher & Bartlett is advising the board of American International Group (AIG) on the exit of its chief executive, Martin Sullivan.
The firm acts in a defendant capacity on PI cases for insurers. In 2007 it was chosen to pilot IT systems to deal with PI claims for insurers at a time when the sector is going through robust reform. The firm says its strong reputation in PI has helped it win national clients such as Zurich and Highway Insurance.
Last week was the turn of smaller and regional firms to share the Top of the PEPs limelight on TheLawyer. com.
The South East is a unique legal region in the UK, in that London squats right in the middle of it. Many firms fish out of their lucrative local ponds, and some have also begun lowering their hooks into London, often at the expense of City-based firms.
#St Philips head of chambers William Davis QC has stepped down after four years and been succeeded by James Burbidge QC. Davis said his decision was made to coincide with the arrival of chief executive Mike Kimmons, adding that he believed the set - which celebrated its 10th anniversary on Saturday (14 June) - would benefit from fresh blood at every level of management. Kimmons said: "Chambers owes William a significant debt of gratitude, as during his time the set has increased ...
Stephenson Harwood has helped a Kuwaiti sovereign wealth fund take advantage of the cheaper prices offered by the market downturn and buy an environmentally-friendly office block.
Stephenson Harwood plateau partners head for £1m" / Top-billing Stephenson Harwood partners are in line to pocket £1m after the firm posted a double-digit jump in profit and revenue.
#The Bar Standards Board (BSB) is considering proposals regarding chamges to complaints-handling and disciplinary proceedings against barristers. The most controversial recommendation is to expand the range of sentencing options. This includes increasing the maximum fine to £15,000 and giving disciplinary tribunals the power to order barristers to sit a professional ethics test. BSB chair Ruth Evans said: "The changes we've announced will make a good system even better."
Taylor Wessing has elected a new managing partner for its French office.
Taylor Wessing's UK financial results have been finalised and show an increase in average profits per partner (PEP) of around 5 per cent to £614,000.
We have reached 2004 in our countdown to The Lawyer Awards 2008. Each week we are taking a look at some former winners and charting how their careers have progressed.
The Lion, the Witch and the trademark 19th-June-2008And then, in the land of eternal winter, Aslan appeared and illuminated everything before him in golden hues.
The South East is one of the most fragmented legal markets within the UK.
Scottish-headquartered firm McGrigors has made up three partners across its UK network a week after it emerged that former managing partner Colin Gray is to leave the firm for a fee-earning role at Eversheds.
The prospect of a downturn is bringing the South East's property investors - and their lawyers - a fresh set of challenges, says Stephen Hedley
Whether you are a trainee or senior partner, when you represent your firm at a business event, the idea of walking into a room full of strangers is generally a very scary experience.
Trowers & Hamlins has bagged Pinsent Masons Birmingham construction head Vijay Bange for its London office as it bids to increase its contentious capability.
The growth of regional commercial hubs in the South East could threaten the traditional high street law firm - only the strong and adaptable will survive, says Gregory Burgess
The number of law students graduating with first or upper second class degrees has rocketed by over 100 per cent during the last 20 years, according to a new survey published this month.
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.
#Watson Farley & Williams (WFW) will open an office in Munich next month through a merger with private equity boutique Oldenbourg Plus. WFW already has an office in Hamburg, also focused on private equity. This brings the total number of partners in Germany to 10 and the number of associates to 20. WFW is also opening an office in Milan focused on private equity (The Lawyer, ...
White & Case and Allen & Overy (A&O) have scooped lead roles on the Islamic financing of a Saudi Arabian retail development.
As businesses start to tighten their belts as the economic slowdown continues, cases are being brought any potential fraudster in a bid to regain some lost cash.
Heller Ehrman has suffered another high-profile partner departure, with San Diego IP specialist John Benassi defecting to Cooley Godward Kronish.
The Lawyer’s survey of leading law firms reveals 7 per cent improvement on last year’s figures.