18 April 2005
Partner promotions at Allen & Overy (A&O) have slumped to a three-year low as news emerges that the magic circle firm has invited just 14 associates to join the partnership. Last year the firm promoted 21 associates, while in 2003, 29 were made up.
Cleary Gottlieb Steen & Hamilton is advising ABN Amro on its audacious bid to acquire Italian bank Banca Antonveneta.
Reed Smith is continuing its expansionist streak in London with the hire of Akin Gump Strauss Hauer & Feld partner Richard Hierons, at the same time as the Texan firm embarks on its own hiring spree.
Washington DC's Arnold & Porter has continued its attack on the New York market with the hire of two Thelen Reid & Priest partners.
South West-based law firm Ashfords has won a national tender by the London Borough of Wandsworth for litigation work.
Baker Botts LLP has opened a Dubai office to expand its Middle East and North Africa practice.
BPP Law School has hired Chris Maguire as its first director of quality assurance and enhancement. Maguire joins from the Bar Council, where he has worked for the last 11 years monitoring legal education.
Solace Enterprises and CEDR Solve have launched a mediation scheme for local authorities. It will cover cases under £50,000 where litigation proceedings have commenced or are expected, and all other disputes relating to service provision, relationships with external organisations or differences between officers or with members (excluding litigation in excess of £50,000 or employment tribunal cases). They aim to offer a big discount on normal rates. Solace managing director Andrew Coleman ...
Clifford Chance has found just one partner willing to stand for the top job in its US practice as the American partnership votes on a replacement for former head John Carroll.
The Spitzer price-fixing investigation could spell big changes for the insurance industry. Aspen Re's David Curtin is keeping a close eye on the outcome. By Joanne Harris
Morris in wholesale review of strategy as average profits per partner set to dip below £300K
Merger is not a strategy. Howard Morris knows this, but Denton Wilde Sapte's history seems to suggest otherwise. In 1998 the Denton Hall side embarked on comic three-way negotiations with Theodore Goddard and Richards Butler. That would never have created the most dynamic firm in the world, but it probably would have been the politest. Wilde Sapte was in talks with Andersen Legal around the same time, and we know where that ended up.
Denton Wilde Sapte's embattled technology, media and telecommunications (TMT) department has scooped its first lateral hire since the group was hit last year with a damaging wave of departures.
Gianni and Bonelli lose out as US firm triumphs in Italian telecoms contest
The legal proffesion has finally realised that diversity is the key to success. By Chris Parry
For those who thought life in Australia was all surfing, barbies and VB tinnies at the Coogee Bay Hotel, some distressing news has emerged from down under. It seems Aussie law firms are looking more and more like boot camps than the legal paradise envisioned by many a City associate.
Partnership law experts are warning that the issue of part-time work for partners is an "unexploded bomb" that could have a serious effect on law firms in the future.
RHM Foodbrands' former interim legal head has instructed Bates Wells & Braithwaite to represent him in his legal dispute with the company,
Norton Rose Greece" /"There were lots of words of dire warning but the Games went off without a hitch," reports Chris Hobbs, who manages Norton Rose's Athens and Piraeus offices, of last year's Olympic Games. The cynics might have doubted the Greeks' ability to play host to a world-class tournament, ...
FLAG Telecom's general counsel has quit after four years to move into the healthcare sector.
GE Consumer Finance Home Lending has taken GE Consumer Finance Europe's David Carson as its new legal counsel.
Ashurst hire" /GE has hired rising star Andreas Hoffmann from Ashurst as part of an ambitious growth strategy for its legal operation in Germany.
Lovells did its bit for charity on 7 April. The firm hosted a glamorous reception to promote Street League, a charity that uses football to promote social inclusion, crime reduction, conflict resolution and education.
Clifford Chance has been decorating its Docklands office with trendy modern art since it moved into the building 18 months ago. The ground floor is adorned with large sculptures that wouldn't be out of place in the Tate Modern; and the walls are covered in bright, abstract prints.
Hammonds has won a new role as the global legal adviser for SSL International.
Herbert Smith has swooped on Goldman Sachs to boost its US securities capability in Hong Kong.John Moore, a former senior counsel and executive director at Goldman Sachs, joined Herbert Smith yesterday (19 April). Whilst at Goldman Sachs, Moore was responsible for the legal needs of the bank’s Asian investment banking division. Moore will work alongside Hong Kong partner Kevin Roy and the London-based head of US securities, Jim Wickenden.
Herbert Smith has racked up almost £10m in fees after advising the Department of Trade and Industry (DTI) on the launch of the Nuclear Decommissioning Authority (NDA).
Herbert Smith's acquisition finance team is celebrating after landing its first instructions from Bank of Ireland and Scotia Group as senior debt providers for Legal & General Ventures' acquisition of healthcare manufacturer Verna Group.
Tulkinghorn, being a fly-fishing man himself, was naturally happy to show his support in person at The Lawyer's Fishing Club Annual Beginners' Day on Saturday 9 April.
There is a story doing the rounds of the Dublin legal market at the moment about the price bid for a recent deal on a beauty parade. A firm pitching for the work, the securitisation of a tranche of loans, bid what it considered a "competitive bid". It lost, but was astounded to discover that the winning firm's price was 10 times lower, at under €10,000 (£6,800).
The International Commission of Jurists (ICJ) is calling for wholesale reform of the Kenyan judiciary after discovering evidence of widespread corruption in the country.
Financing has been secured for a new international programme creating 10 alternative dispute resolution tribunals in Albania, Bosnia and Herzegovina, Macedonia and Serbia and Montenegro over the next four years.
Interbrew UK is gearing up to launch a review of its external lawyers following the restructure of its in-house legal function.
Northern set Kings Chambers has reported a turnover increase of 20 per cent while slashing its chambers contributions by 3 per cent between 2003 and 2004.
In an unusual move, mid-size City firm Lawrence Graham is making nobody up to partnership this coming financial year.
Some 50 Law Centre lawyers, plus clients and supporters, marched on 11 Downing Street this month to call on Gordon Brown to protect the civil legal aid budget and improve funding for community law projects, for which it has been a bad year. "Sadly, Humberside Law Centre was closed this year, leaving that community without recourse to independent legal advice for employment, discrimination and immigration issues," says Steve Hynes, director of the Law Centres Federation. "Can you imagine ...
Linklaters has made up 32 of its associates, outstripping the 30 promotions announced by global rival Clifford Chance last week.
Lovells has elected 12 new partners with the bulk of the associates invited to join the partnership based in the firm’s overseas offices.The firm’s London, German and Asia practices produced three partners each. Meanwhile, Lovells’ Chicago, New York and Milan offices have each gained one new partner.The promotions are split fairly evenly between each of Lovells’ five practice streams. However, no London-based corporate partners have been made up.The appointments take ...
Nabarro Nathanson is to shut its Reading office, following a strategic review of the firm.
Whether it be for dinner or across the negotiating table, Lord Grabiner QC is not a man you stand up lightly. But that's exactly what Norton Rose and Grabiner's opposition counsel 20 Essex Street's Stephen Morris QC did in Brussels last week.
Moy v Pettman Smith should provide comfort to those advising clients at the ‘door of the court’
Following a period of protracted negotiations, Paul Hastings Janofsky & Walker has at last made its Italian debut with the hires of Norton Rose Italian founder Roberto Cornetta and Parmalat head of legal Bruno Cova.
Jurisdictional choice has become a key battleground in reinsurance conflicts. Ian McKenna and John Vishneski provide the lowdown on both sides of the Atlantic
Since the FSA was handed the remit to oversee the insurance sector, a hands-off approach was never really on the cards. Raj Parker and Nathan Willmott report on developments
The Equitable Life trial is a week old today (18 April) and those packing out Court 76 have settled down for the months of hearings ahead.
Eversheds has helped Schroders Investment Management to launch an employee forum, which can be consulted on policy and initiatives affecting staff.
Ch ch ch chaaaanges... John McDonnell QC, aka David Bowie, loves to reinvent himself.
Latham & Watkins has launched its first outpost in mainland China with the opening of a two-partner Shanghai office.
Six young lawyers, six entirely different career paths. The law doesn't have to be predictable. Over the next few years The Lawyer will be tracking the progress of six lawyers under 30. By Jon Robins
Skadden London partner tops European deals table" /Corporate partners at Skadden Arps Slate Meagher & Flom, Clifford Chance and Weil Gotshal & Manges have emerged as the top European rainmakers.
China and India were rated as the most attractive emerging markets for UK businesses in a report detailing the role required of general counsel in emerging markets.
The heat is on for insurers to discuss policy details upfront and disclose any contingency commissions. Ashley Prebble on the FSA's response to the Spitzer investigation
Julian Cuppage, managing partner Weblake Bell
The Law Society is proposing to scrap the minimum salary requirement for trainees, it emerged last week.
South East firm Vymans Solicitors has succeeded in reinterpreting the Land Registration Act to bring it in line with the Human Rights Act.
A new item this week: Borenius & Kemppinen corner. Each week Tulkinghorn will profile lawyers from this delightfully bonkers Finnish firm (note: make certain to look at the Latvia site), beginning today with the delightful Zane Krecere.