16 May 2005
Addleshaw Goddard's profit per equity partner (PEP) has smashed the psychological £400,000 barrier for the first time.
Having survived four takeovers, Universal Pictures' business is now booming. Deborah Rothfield reports
ING Barings' UK head of legal Adrian Marsh is a sucker for punishment. Between 24 May and 4 June he's going to embark on a cycle ride from Land's End to John O'Groats to raise money for the Breast Cancer Campaign.
Norton Rose's entire securitisation group has resigned for Baker & McKenzie, leaving the top ten firm with no capital markets capability at partner level in London.
National firm Beachcroft Wansbroughs has made five associates up to partner, as well as promoting 19 assistants to associate status.
Human rights specialists Birnberg Peirce and Brick Court Chambers’ Sir Sydney Kentridge QC have won a significant European court victory for a Kurdish leader sentenced to death in Turkey.
Berwin Leighton Paisner (BLP) has won former client Isis Equity Partners back from Olswang after advising the private equity house on its exit from clothing company Fat Face to Advent International for approximately £100m.
National law firm Halliwells has been added to Cancer Research UK's pro bono panel. The firm joins key players Freshfields Bruckhaus Deringer, which works on major projects, Field Fisher Waterhouse, which advises on general commercial work and provides more day-to-day involvement, and Landwell, ...
The International Format Lawyers Association (IFLA) was launched on 7 May 2005.
Olswang has promoted Iain Stansfield and Stephen Hignett to the partnership in the firm's IP and tax departments respectively. For the past 12 months, Stansfield has headed the IP team in the firm's Thames Valley office, while Hignett has been part of Olswang's tax department and e-commerce group for five years.
Channel Islands firm Carey Olsen has scored a first by successfully persuading a Guernsey court to put a protected cell company (PCC) into administration.
Clifford Chance and Shearman & Sterling have scooped adviser roles on Malcolm Glazer's successful bid for Manchester United, The Lawyer can reveal.
Clifford Chance is celebrating after landing the lead role advising Barclays Bank on its biggest-ever foreign acquisition. The magic circle firm, which is on Barclays' legal panel, is advising the bank on its £2.9bn recommended acquisition of South African bank Absa. Absa is being advised by Linklaters, while South ...
Clifford Chance and its client The Children's Investment Fund (TCI) have claimed the scalps of two senior executives at Deutsche Börse, in a landmark victory for German investors.
The Centre for Effective Dispute Resolution (Cedr) is introducing a new initiative designed to encourage lawyers from ethnic minorities to become mediators. Cedr, in association with the Law Society and the Bar Council, will run a five-day course in November this year to train new mediators. The organisation says it has seen a shortage of ethnic minority mediators despite more requests for mediators from ethnic backgrounds.
The Legal Services Complaints Commissioner has criticised a lack of progress in the Law Society’s handling of consumer complaints.
Browsing the High Court cause list the other day, Tulkinghorn was amused to see that the Force has reached the Royal Courts of Justice.
Clifford Chance's corporate department will hope to make headway following panel appointments to FTSE100 clients such as Cable & Wireless, Reuters and Shell. Slaughters will expect the cream of the corporate work coming out of the first two companies, but Shell is an interesting case in point.
Six months on from its US merger DLA Piper Rudnick Gray Cary has posted a profit rise for Europe and Asia of 13 per cent off the back of a turnover increase of 18 per cent.
So you think you need an overseas office to land overseas clients? Think again. By John Grimley
There was good news for Margaret Cole at White & Case the other week. That's both of them.
Thanks must be passed on to the beautifully-named 'uwan*ers' on Greedyassociates.com for the following advice to a US lawyer looking to come over here: "As for requalifying, don't worry about that... it only takes around three months to sit the QLTT (qualified lawyers transfer test). You're eligible to sit the exam since you're coming from a 'common law' jurisdiction.
THE EUROPEAN Commissioner in charge of enlarging the EU has called on Turkey to redouble its judicial reforms as it approaches negotiations on becoming a member state.
THE EUROPEAN Parliament looks unlikely to heed the concerns about EU money laundering legislation's erosion of client confidentiality, with its key civil liberties committee strengthening lawyers' duties to inform the authorities about suspicious dealings.
Hearty thanks go to Lovells for another stellar press party, which included Flamenco dancing and some truly wonderful sausages. Possibly a little too stellar for one of Tulkinghorn's scribes, who, in a rather tired and emotional state, found herself locked out of the house and embarked on a futile trek across London in a bid to find her keys.
Field Fisher Waterhouse (FFW) has leveraged its relationship with nominated adviser Nabarro Wells to advise the first Cypriot company to list on AIM.
The Clementi Review has opened the way for law firms to float, but what are the dangers? Matt Byrne reports
"From our offices you look out on to Haldon Hills, and you can see all the way down the Exe Estuary down to Exmouth and the sea," says Andrew Lovell, practice director at South West law firm Michelmores. He claims that the delights of living in Devon are a powerful lure for lawyers from City firms who want to swap metropolitan living for a quieter life. "You get the ...
Five lawyers have reached the finals of awards designed to reward the achievements of Asian women. The women feature in three of the nine categories in the Asian Women of Achievement Awards.
Fox Williams has elected a new senior partner. Tina Williams (left) succeeded Ronnie Fox last Tuesday (10 May). Williams and Fox founded the firm 16 years ago and it now has 15 partners specialising in commercial, corporate, employment and partnership law. Fox has been senior partner since the firm's foundation.
Taylor Wessing's 'local' feel ideal for media guru
Early profit predictions show mixed fortunes for regional firms, with some recording a dip in fortunes while others are beginning to close the gap with their national mid-market rivals.
Ashurst will be shut out of French corporate and investment bank Calyon's forthcoming panel review thanks to its work acting against one of its subsidiaries in a mammoth litigation that settled last year.
Following a wave of departures, Heller Ehrman is rebuilding its venture capital practice with the hire of two partners from Wilson Sonsini Goodrich & Rosati.
Rosenblatt Solicitors has landed a major instruction to defend Tlais Enterprises, the Cypriot incorporated company that is being sued by international cigarette manufacturer Gallaher Group.
Herbert Smith last week found itself directed to carry out a further search of potentially disclosable documents relating to the Equitable Life case, as defence counsel called for a significant part of the claim to be thrown out.
Holman Fenwick & Willan has promoted five associates to the partnership, all in London. Jim Cashman is qualified as a master mariner as well as a solicitor and specialises in wet shipping work, including salvage cases. Shipping insurance specialist and former barristrer Julian Clark is also made up. The other promotions are transport specialist Craig Neame, corporate and commercial expert Samanatha Roberts and insurance and reinsurance lawyer Nigel Wick.
Freshfields and CC scoop trophy clients as magic circle sews up banking M&A
The International Bar Association (IBA) has opened its first international office in São Paolo, Brazil.
Dutch financial services giant ING is reviewing its relationship with external lawyers and will be meeting up with all the firms on its global banking panel.
Linklaters’ Tokyo office has raided Clifford Chance for a new securitisation partner.
Linklaters is reporting a massive 22 per cent hike in profits for the last financial year as the firm celebrates its best set of results for years.
Lovells private equity team is celebrating after closing its first ever deal for Guy Hands’ investment vehicle Terra Firma.
Lovells has signalled its commitment to the US after signing up for new premises in New York a move that will give it 67 per cent more space.
He's the most powerful man in M&A. The Takeover Panel's director-general Richard Murley speaks out on virtual bids and the pensions regulator - and warns lawyers not to be too legalistic. By Helen Power
The Law Society reported a £6.4m loss for 2004 last week, as the solicitors' body published its annual accounts.
Media boutique MLaw is celebrating a successful appeal for Hello! magazine against rival publication OK! in highly-publicised litigation over ownership of Catherine Zeta-Jones and Michael Douglas’s wedding photographs.
Competition and EU specialist Monckton Chambers has been joined by commercial law specialist Heriot Currie QC, previously a member of Flynn Stable in Edinburgh, and public law junior Ian Rogers from 3 Hare Court. The set reported a slight increase in turnover between 2003 and 2004, from £8.7m to £8.9m, although revenue per barrister dropped from £273,000 in 2003 to £247,000 last year. First revealed on www.thelawyer.com (12 May)
Clifford Chance and Slaughter and May best friend Nauta Dutilh have landed the lead roles on the potential multibillion-pound offer by Danish shipping group Möller-Maersk for Royal P&O Nedlloyd.
It's been a frustrating time for Lovells and Norton Rose, with both displaced on signature deals for major financial institution clients. Instead, the magic circle cleaned up. Longtime Norton Rose client HSBC gave Freshfields the key mandate for the $1.1bn (£590m) Ping An job, while Barclays opted for Clifford Chance ...
The growth in the computer game market is leading to real legal issues in virtual worlds
Orrick Herrington & Sutcliffe has dealt a devastating blow to Coudert Brothers after acquiring all eight London-based partners.
Osborne Clarke has posted an impressive 27 per cent profit increase for the last financial year.
Pillsbury Winthrop Shaw Pittman has scooped seven attorneys from Houston-based environmental boutique Campbell George & Strong.
Pinsent Masons has made up 18 new partners in its first round of partner promotions since the recent merger of legacy firms Pinsents and Masons. Of the promotions, nine new partners are based in London, taking the number of partners in the firm's Clerkenwell and City offices to more than 100. Meanwhile, the firm has made up one, three and four partners in Manchester, Leeds and Birmingham respectively. ...
Richards Butler has picked up an instruction from Winterthur Group, the insurer claiming millions of pounds from law firms involved in collapsed claims management firm The Accident Group (TAG).
Reynolds Porter Chamberlain (RPC) has poached a Pinsent Masons partner to boost its regulatory and brokers team.
Commercial and chancery set Serle Court has taken on two new tenants. Commercial junior and the set's tenth qualified mediator Geraldine Clark joins from 4/5 Gray's Inn Square. Also joining is David Casement, who is also a member of North West set Exchange Chambers. First revealed on www.thelawyer.com 10 May
Freshfields Bruckhaus Deringer partner Sandy Shandro has taken over from Peter Bloxham as head of the restructuring and insolvency group.
Simmons & Simmons has voted in a third partnership track for lawyers, which will form the summit of the firm's revolutionary plans for an alternative career track.
SJ Berwin’s real estate funds team has secured a major instruction to advise star fund manager Nicola Horlick on her bid for London’s Trocadero centre.
Slaughter and May has more than 50 per cent more FTSE100 clients than its nearest competitor Linklaters, while Clifford Chance languishes in tenth place, with just four FTSE100 clients.
Stephenson Harwood has signed up former Lovells partner Guy Liddle to its aviation finance practice. Liddle, who joined the Lovells partnership in 1998, has acted for clients such as HSH Nordbank, HypoVereinsbank and large aircraft leasing companies, and on manufacturing and privatisation projects in Central and Eastern Europe.
Brick Court Chambers' Jonathan Sumption QC has won his second battle of 2005 against old rival Lord Grabiner QC, head of chambers at One Essex Court.
Takeover Panel director-general Richard Murley has dealt a further blow to the hostile bid, telling The Lawyer that companies will not be able to make formal takeover bids conditional on clearance from the new pensions regulator.
Taylor Wessing has completed a radical overhaul of its partnership, which will see 12 partners leave the equity over the next two years.
The Law Society council last week voted to completely separate its regulatory and representative functions ahead of the implementation of Sir David Clementi's recommendations for legal reform.
Never let it be said that Mayer Brown Rowe & Maw (MBR&M) senior partner Paul Maher doesn't take every venture he embarks upon seriously. Very seriously. Last Wednesday, he assembled a squad of MBR&M lawyers, clients and one of Tulkinghorn's scribes for a training session in Regent's Park.
Desperately looking for a legal angle to the recent election of Cardinal Joseph Ratzinger as Pope Benedict XVI, Tulkinghorn was delighted to stumble upon one last week.
Readers who travel by London Underground may have noticed a rash of advertisements appearing on trains recently. "Are you thinking what we're thinking?" they ask.
Bill Perry, head of litigation ans dispute resolution, Charles Russell
Travers Smith Braithwaite has won its first instruction from Ulster Television (UTV) on the television and radio company's acquisition of Wireless Group.
Burgeoning Newcastle firm Watson Burton has raided local and national rivals for four new partners.
Weil Gotshal & Manges has secured its first instruction from Indian private equity house Chatterjee Group to advise on its role in the acquisition of chemical group Basell.
BPP Law School's London branch is on the verge of losing its 'excellent' Law Society rating. If a recent audit, first revealed by The Lawyer last week (9 May), is confirmed, then the legal education provider will be classified as merely 'very good'.