17 July 2006
The Law Society's new president Fiona Woolf vowed last week to put the interests of City firms "high up the agenda" during her time in office. The former CMS Cameron McKenna partner plans to visit every firm in the top 100 with a view to boosting the society's profile in the City.
South West firm Bond Pearce has promoted six to associate level: Jonathan Bower, Graham Wrigglesworth, Nicholas Seymour, Neil Franklin, Claire Cornish and Charissa Shears.
A record number of lawyers have been appointed silk in the first round of appointments for three years, with 175 new QCs informed of their awards today (18 July).
McGrigors is making a rare hire from the bar as 18 Red Lion Court silk Jonathan Fisher joins the firm's tax litigation and regulatory team. Fisher will start work at McGrigors in September, initially as an employed barrister, but later as a partner when he requalifies as a solicitor. He will advise on business crime and regulation and tax crime and will ...
2 Harcourt Buildings has made its second silk hire in as many months by attracting licensing specialist Simon Mehigan QC.
Sponsors of major sporting events usually consider 'ambush marketing' to be one of the world's greatest evils. Ambush marketing is a term that refers to a marketing strategy of trying to create the impression of a brand being associated with a sporting event when it's not. Famously, Nike refused to pay the rumoured $50m (£27.2m) price tag to ...
2-3 Gray's Inn Square has elected planning specialist Mark Lowe QC as its new head of chambers as the set moves to modernise and grow.
3 Serjeants' Inn has added to its police team with the appointment of Stephen Morley as a member of chambers. Morley, who was called to the bar in 1996, is formerly of Bridewell Chambers and specialises in all aspects of police law. He has appeared for police authorities in jury trials including those concerning false imprisonment, wrongful arrest and misfeasance in office.
Europe moved a step closer to having a fully integrated patent judiciary this week. The draft European Patent Litigation Agreement (EPLA) gained momentum after internal markets commissioner Charlie McCreevy gave his support to the proposal. If implemented, it would create a common litigation court.
Allen & Overy and Slaughter and May celebrated the sale of 239 Whitbread pubs to Mitchells & Butler with a glass of champagne in the early hours of the morning.
A huge warehouse blaze in East London has destroyed hundreds of thousands of legal documents belonging to a number of top City firms.
Texas firm Akin Gump Strauss Hauer & Feld has been ordered to pay a former client $1.1m in damages after being found to have been negligent in its representation. The suit filed by National Development and Research Corporation (NDRC) and its owner Robert Tang did not name any individual lawyers as defendants. The judgement calls for Akin Gump to pay $922,632 in damages, plus at least $194,738 in interest. Akin Gump had made a counterclaim for $225,688 in outstanding ...
US firm Alston & Bird is targeting a launch in both London and Germany following the hire last week of technology partners Trevor Nagel and Lee Van Blerkom from Pillsbury Winthrop Shaw Pittman.
Australian banking giant ANZ has conducted a wholesale review of its legal panel, expanding its roster of external counsel from nine to 32 firms.
Ashurst has strengthened its German capital markets team with hire of a Freshfields Bruckhaus Deringer associate, its second German hire in as many months.
Romania’s Badea & Asociatii has come a long way in a short space of time. Set up in January 2002, the firm now finds itself in an alliance with the world’s largest law firm, Clifford Chance. It is a relationship that looks certain to lead to a full merger in the future.
Baker & McKenzie has released provisional figures for its London office for 2005-06.
South West firm Bond Pearce has poached the head of IP and IT from regional rival Bevan Brittan.
Reed Smith, Richards Butler" /Reed Smith and Richards Butler signed their merger agreement last month and the combination is due to go live on 1 January next year. Reed Smith chairman Greg Jordan led on the deal, but it is Philadelphia-based director of strategic planning Michael Pollack who ...
Cadwalader Wickersham & Taft has lost another lawyer from its New York capital markets practice, this time to Linklaters. Former associate Stan Renas joins the magic circle firm as a partner in its New York structured finance and derivatives practice. He is the fourth partner to join the group since it started in 2004. Renas's departure from Cadwalader follows that of two-partner team James Croke and ...
CMS Cameron McKenna and Linklaters are working on the final stages of the landmark bond from the Wellcome Trust, the first of its kind in the UK market.
Ashurst with Blackstone coup" /Clifford Chance is celebrating after advising private equity house Blackstone Group on the flotation of Southern Cross Healthcare following an 18-month deal frenzy for the care ...
Clifford Chance, Slaughter and May and Travers Smith have secured roles on Permira’s £1bn bid for retirement homes developer McCarthy & Stone.
Bristol-headquartered Clarke Willmott has generated a double-digit rise on both fee income and profit per equity partner (PEP) during a year in which it has taken on new teams in Bristol and Birmingham but downsized in Taunton.
The case of Marr v Lambeth has shown the difficulty in defining where a negligence claim becomes a claim for breach of statutory duty. By Andrew Cooper
The role of local councils in improving the country's infrastructure is being brought into sharp focus by a new Government report and the Lyons Inquiry. Guy Hinchley and Nathan Holden report
In an unprecedented move, the Court of First Instance has overturned the European Commission's decision to clear the merger between Bertelsmann Music Group (BMG) and Sony Music.
As the Eurotunnel saga chugs along, Allen & Overy's client Deutsche Bank has found itself blamed by the company for talks breaking down. Chief executive Jacques Gounon said last week: "I fail to understand how an institution such as Deutsche Bank has maintained its unreasonable demands." It is not the first time the bank, advised by partner David Fraumann, has upset the apple cart. Last month it ...
Newcastle-based firm Dickinson Dees has made up five lawyers to the partnership, its highest number of promotions in four years. Last year the firm made up two partners and brought in two laterals. In 2004-05 the firm promoted four, while in 2003-04 the firm made up two partners. The latest round of promotions brings the firm's partnership to 68, including Alex Rodger, who has been made up after ...
Offshore law firm, Isle of Man-based Dickinson Cruickshank, has added seven lawyers to its commercial team, including partners from Richards Butler and Scottish firm Thorntons.
DLA Piper Rudnick Gray Cary has hired the former general counsel of Shanghai General Motors as a partner in its Shanghai office.
DLA Piper Rudnick Gray Cary has upgraded its Italian technology, media and communications (TMC) practice with the hire of a partner from demerged McDermott Will & Emery firm Carnelutti.
South East firm DMH Stallard has smashed its profit per equity partner (PEP) target despite posting just a 6 per cent rise in turnover during the 2005-06 financial year.
It is not just energy lawyers who will reap the benefits of the Government's review, with the expected surge in newbuild projects likely to create work for planning, construction, corporate and finance lawyers.
The Lord Chancellor Lord Falconer has warned his fellow ministers against interference in the rule of law.
Field Fisher Waterhouse (FFW) advised on the £70m acquisition and AIM flotation of Chinese media outfit Sun TV Shop. The newly formed company will sell Western luxury brands in China through TV shopping channels, the internet and mobile phones. FFW advised Sun TV Shop on the acquisition of a telecoms network and a host of Chinese television rights from Sun Media Group. Sun TV Shop was admitted ...
Field Fisher Waterhouse was in the Court of Appeal last week on behalf of the General Medical Council (GMC), fighting a ruling that protects expert witnesses from disciplinary action.
Field Fisher Waterhouse (FFW) has hired Manches construction partner Chris Fellowes. The hire comes hot on the heels of FFW construction and PFI partner Lawrence Bruce and associate Olivia Bateman leaving for the London office of
Is Linklaters stalking The Lawyer? Last November's three-day conference for the great and good of the in-house market was held at the Hotel Des Arts in Barcelona. Guess which magic circle firm chose the same time and place to hold its annual partner retreat? Clue: it start with an 'L'.
London-based firm Moon Beever likes to focus on high-end fraud matters. “We go in fists flying,” says managing partner Frances Coulson, “because we like to chase the bad guys.”
There are plenty of international initiatives kicking around. Richards Butler is about to launch in Dubai, A&O is reviewing the status of its troubled Tokyo office, while Clifford Chance appears to be embarking on all sorts of associations around the world in apparently random jurisdictions.
France’s leading independent corporate firms Bredin Prat and Darrois Villey Maillot Brochier both saw a drop in income in an otherwise strong financial year in France.
Recent rulings have brought charities to the forefront of public service. By Chris Priestley
Tulkinghorn considers himself a bit of an aficionado of telephone hold music. Most of the large international firms will go for something classy, perhaps some Rachmaninov or Bach, while others may opt for Beethoven's Fifth, as played by a deranged monkey on a Moog synthesiser.
Gibson Dunn & Crutcher has set up a UK employment practice, scooping Ashurst employment partner James Cox for its London office.
The international general counsel of Goldman Sachs Terry Miller is joining the London 2012 Organising Committe for the Olympic Games as its new general counsel.
SJ Berwin real estate partner Nick Minkoff was the leading punter in The Lawyer's World Cup fantasy football competition. A self-proclaimed "tactical genius", who entered his tips only after 11pm while still in the office, Minkoff used all his tactical nous to match his team to that of his rivals, therefore protecting his lead.
Hammonds has strengthened its energy and utilities group with the hire of EDF Energy in-house lawyer Adam Langridge who will join the London-based team as a partner later this month.
Hammonds has ousted DLA Piper Rudnick Gray Cary from its role as supermarket giant Tesco's main employment law adviser.
Harbottle & Lewis has lost the head of its music practice to a rival west-end firm.
Herbert Smith is poised to launch a full-scale review of its system of allocating work to associates in response to the surge in deal activity.
McGrigors and Herbert Smith have taken the lead roles to advise on a $1bn (£542.66m) financing facility for a Scottish oil and gas exploration and production company that will see the development of a massive Indian oil field.
The World Cup Final: what a game, what a day, what a load of lawyers with blagged tickets. Slaughters' Nigel Boardman was there, as was Latham's Andrew Moyle. But what Tulkinghorn really wanted to know was the state of any Italian lawyers who'd either made the game, or even watched it on telly, the day after.
The House of Lords has overturned a Court of Appeal decision directing breweries Courage and Inntrepreneur to pay a former publican damages for dictating the suppliers to his leased pubs.
Just like its footballers, Italy's lawyers have had a roller-coaster ride this year.
Tiscali and Cable & Wireless give short shrift to BPI demands. By Ben Moshinsky
More financial results, which means for some lucky employees it is bonus time. So far the firms that pay flat bonuses on their profit performances are still few and far between. Allen & Overy (A&O) has been doing this for a couple of years to its employees' great satisfaction. This year its profit rose by 20 per cent to £787,000, which meant a bonus pool representing more than 15 per cent of salary ...
Kirkland & Ellis has further ramped up its London private equity capability with the hire of the general counsel and managing director of US hedge fund Shumway Capital Partners.
Russia has changed dramatically since the days of the Soviet Union. However, some areas have made little progress, and among them is the rule of law.
Lawrence Graham seeks to rebuild European ties" /
The legal aid market is set for massive upheaval in a series of reforms that will change the way practitioners work and are paid.
Mr Justice Leveson is to become the latest Court of Appeal judge following the imminent retirement of Lord Justice Brooke.
Littleton Chambers has voted in Andrew Clarke QC and Clive Freedman QC as new joint heads of chambers, after former head Michel Kallipetis QC stepped down.
Italian litigation firm Lombardi Molinari e Associati has shaken up its partnership structure, creating two new positions for associates to aim for.
Lovells has raided White & Case as the City firm attempts to rebuild its private equity practice following the departure of star partner Marco Compagnoni and his team earlier this year.
Lovells has advised key client SABMiller on a trio of deals with a combined value of more than $2bn (£1.09bn) in just one week. Relationship partner John Davidson advised the brewer on a $1.75bn (£950m) Rule 144A bond issue. He also led the team that acted for SAB's Columbian subsidiary Bavaria on the disposal of its fruit juice business to Postobon for $55.3m (£30.01m). Finally, a team led by corporate partner Stephen Jones advised SAB on the acquisition of Sparks and Steel Reserve ...
HgCapital has dropped longstanding adviser Lovells in a shake-up of its legal panel following the raft of recent top-level movements between UK and US firms.
Ukrainian firm Magister & Partners and Russian litigation boutique Legas Legal Solutions have signalled their intention to merge, agreeing to an exclusive alliance that will create a 10-partner firm based in Kyiv and Moscow.
The European Commission has fined Microsoft $280.5m (£193.47m) for failing to comply with its 2004 antitrust ruling, which found the computer software giant in breach of competition rules.
Mills & Reeve has reported a sharp 22 per cent rise in turnover and 11 per cent growth in profit per equity partner (PEP).
Anyone concerned that the current high levels of private equity deals may be trailing off will be reassured by the sighting last weekend of Dickson Minto senior partner Alistair Dickson.
Morrison & Foerster has boosted its London outsourcing practice with the hire of outsourcing partner Jon Edgell from Lawrence Graham.
Niche insolvency firm Moon Beever has hired partner Adrian Hyde from Watford firm Matthew Arnold & Baldwin. Hyde joined Moon Beever at the start of the month from his position as head of insolvency and business recovery at Matthew Arnold. He previously worked in firms including Denton Wilde Sapte. He practises both contentious and non-contentious insolvency law and will particularly ...
Nabarro Nathanson has moved closer to a formal best friends alliance with Macchi di Cellere Gangemi after the Italian firm was invited to join Nabarros' best friends summit last week.
Law Society president Fiona Woolf has hit out at the Lord Chancellor, Lord Falconer, over the draft Legal Services Bill and the powers it gives to the new umbrella regulator.
In the end there were no shocks in the Linklaters senior partner election. Former corporate head David Cheyne cruised majestically to victory, while his rivals - finance head Giles White and banking partner Robert Elliott - graciously accepted defeat. Cheyne's victory ensures a sense of continuity, but the smart money for the next generation of management is on a combination of Elliott as senior partner ...
This year has been kind to the Geordies, with Watson Burton in particular recording blockbusting financials.
Olswang has lured senior patent attorney Robert Stephen away from pharmaceuticals company GlaxoSmithKline to grow its patent prosecution practice.
The head of Olswang's Thames Valley office has quit after six months as the firm's ambitious growth plans have stalled.
Richard Burns has gone missing. The former senior partner of the UK's most troubled firm, Hammonds, officially stepped down from his management role at the beginning of May; but since then little has been seen of him.
Addleshaw Goddard has no partners at the top of the partnership's equity ladder, The Lawyer can reveal.
Houston-based firm Bracewell & Giuliani is becoming a popular place to be. As public debate within the US increases over whether the firm's senior partner and former New York City Mayor Rudy Giuliani will throw his hat into the US presidential election ring next year, an increasing number of lawyers are trying to get a piece of the action.
Lottomatica’s subordinated bond issue looks likely to herald a new wave of finance in Italy. Andrea Novarese reports
The UK public sector is in a state of flux. Central government has instructed local authorities to work together to provide greater efficiencies, while local government, in turn, has long accused central government of hampering its work via a combination of micro-management and a stranglehold on finances.
Weil's US associates pampered? According to one of Tulkinghorn's spies, the female contingent were treated to a pedicure while over here last week. Surely that's sex discrimination?
Reed Smithhas launched a new initiative aimed at encouraging women’s careers just days after the firm came under fire for sacking IP partner Denise Howells in the US.
Unable to find one firm to cover its global needs, Reuters’ head of legal Rosemary Martin tells Ben Moshinsky she is happy going local
The controversy surrounding last Friday's (7 July) pricing of Russian state-controlled oil company Rosneft has given firms a reason to pause before acting on Russian AIM listings. Cleary Gottlieb Steen & Hamilton was advising Rosneft on its London Stock Exchange listing, which is due on Wednesday (19 July). Linklaters ...
Keeping an eye on the legal community is no Monday-to-Friday, nine-to-five job. Last weekend Tulkinghorn was in Regent's Park supporting Mrs Tulkinghorn and The Lawyer girls in a 5k run for Cancer Research. Lo and behold, Ashurst T-shirts were everywhere to be seen thanks to second-year trainee Katie Monk, who organised a team of 19 staff to take part. The firm even stumped up £1,000 in sponsorship ...
Common law set Seven Bedford Row is deepening its unique international alliance with offshore law firm and consultancy group BakerPlatt by taking on six door tenants specialising in chancery work.
Sidley Austin has redoubled its efforts to push into the London insurance market by bringing over two senior lawyers from its US practice following the hire of a DLA Piper Rudnick Gray Cary team for its insurance launch.
The ranks of female and solicitor-advocate QCs have been swelled by a record number of new appointments in the first round of the revamped silk application process.
Simmons & Simmons has poached an Islamic finance specialist from Norton Rose as it looks to capitalise on the growing demand for sharia-compliant products.
SJ Berwin's average profit per equity partner (PEP) figure has been bumped up to above the £700,000 mark following accounting revisions to take into account FRS5, work in progress and the firm's move to new premises. The adjustments have seen the firm's 2005-06 PEP reach £711,000, a 6 per cent rise on the preliminary figure of £670,000.
Chicago-headquartered Sonnenschein Nath & Rosenthal has launched in Phoenix and Brussels after hiring a 10-lawyer hotel and hospitality team from Squire Sanders & Dempsey.
A senior lawyer at the Spanish competition authority is expected to be appointed to the European Commission’s directorate general for competition today.
Standard Chartered group head of legal David Brimacombe is jetting off to Dubai to take up a new position at the bank, leaving the organisation to search for a successor in London.
Miami-based law firm Stearns Weaver Miller Weissler Alhadeff & Sitterson's dreams came true earlier this month when a Miami federal judge awarded it $249m (£135.21m) in fees.
It's a case of third time unlucky for Freshfields Bruckhaus Deringer. The stub equity structure used in Ferrovial Group's €11.7bn (£8.06bn) hostile takeover of BAA was touted as one of the reasons for the airport operator's board eventually recommending the Spanish construction group's bid.
The private equity midmarket is running scared. While Clifford Chance and Simpson Thacher & Bartlett are rubbing their hands in glee as the big boys, such as Permira and Blackstone Group, raise record-breaking buyout funds, there are mutterings of discontent from firms further down the food chain.
A tale reached Tulkinghorn last week of Brown Rudnick and its plush West End offices. While on a visit last week one of Tulkinghorn's scribes was fascinated to learn that the older part of the building boasts 17th century murals protected by English Heritage. A better story, however, came courtesy of London head Scott Burns, who recalled the day Sophie, Countess of Essex, popped in.
Congratulations to Shoosmiths, which won Management Team of the Year at The Lawyer awards. It posted another rise in profit per equity partner this year of 16 per cent, to £396,000 - the fifth consecutive year of profit increase. Turnover was up 23 per cent. Other national firms, take note.
Veale Wasbrough managing partner Simon Pizzey is embarking on a third term after six years already at the helm.
What do you do at weekends?A highlight is watching West Ham with my son, especially the FA Cup Final.
Collapsed Birmingham common law set Three Fountain Court is facing an unfair dismissal claim from its former senior clerk as regional rivals prepare to pounce on its members.
Plenty of US firms have taken a leaf out of Reed Smith's and Richards Butler's book as the two firms look to complete their transatlantic merger following a successful partnership vote last month. But instead of a flurry of tie-ups across the pond, the US market is instead being bombarded by national link-ups.
The death of Enron's former chairman and chief executive Kenneth Lay on 5 July has raised a difficult legal question - whether it will scuttle the US government's $43.5m (£23.62m) forfeiture claim against him.
Wachtell Lipton Rosen & Katz has joined the throng of vocal opposition to a recent ruling rejecting the Securities and Exchange Commission's (SEC) rule requiring hedge fund advisers to register under the Investment Advisers Act.
North East rising star Watson Burton has chosen its new London premises.
Top 50 firm Watson Farley & Williams is aiming to increase dramatically its leverage ratio in a bid to boost its profitability.
It is no secret that good lawyers are hard to find. This is particularly true when you look at new and rapidly growing areas such as international projects, where there is a particular shortage of those with two to five years' PQE.
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.
Wedlake Bell is advising the administrators of The Sportsman newspaper which has put itself into administration just four months after its launch.
Foreign banks have repeatedly been denied access to the Italian market. But a call for increased competition will change all that, say Veronica Pinotti and Jeffrey Greenbaum
Winston & Strawn has expanded its energy practice with the hire of three star partners from White & Case following the closure of the latter's San Francisco office.
Winston & Strawn is boosting its Geneva office with the hire of Orrick Herrington & Sutcliffe corporate partner and head of pro bono Carl Liederman.
Lawyers for Yukos have failed in their High Court bid to block the listing of Rosneft shares on the London Stock Exchange, and have immediately applied to the Court of Appeal.