19 May 2003
UK firms in New York have had disappointing years.
Further revelations from last week's Variety Club legal bash: Nabarros' Nick Collins thought he was doing his bit for charity when he convinced Hugh Fearnley-Whittingstall to donate a ready-frozen River Cottage Hogget as a prize in the auction. That's right - a whole sheep.Mind you, after a few drinks Collins went that bit further for charity and bought the whole thing back for £600 (which Tulkinghorn understands was somewhat cheaper than the naughty ...
Dutch national airline KLM has chosen Allen & Overy (A&O) as its new lead adviser following a review that was prompted by its dramatic fallout with De Brauw Blackstone Westbroek.
ABN Amro forced to drop magic circle firm after protest from Wm Morrison
The reconstruction of post-war Iraq calls for a delicate balance between the obligations of the occupying forces and the sanctions imposed by the UN. Anita Esslinger reports
A judge has ruled that the claimants costs in the massive Alder Hey organ retention group litigation ought to be capped after finding that they are "excessive and exaggerated".Mr Justice Gage found that the claimant solicitors, Alexander Harris, substantially over estimated the number of hours of work required on so-called general issues relating to the action. There are 2,100 potential claimants, while 369 have registered.He found that solicitors vastly overestimated ...
Altheimer & Gray has been hit by the shock resignation of the chairman of its international practice. Louis Goldman, the partner primarily responsible for the firms expansion in Europe, has resigned as the Chicago firm continues its internal restructure. It is understood that it had already been decided that responsibility for the firms international expansion would become part of managing partner Jeffrey Smiths remit, although it is not clear whether ...
Heavyweight personal injury (PI) firms, including Leigh Day & Co and Pannone & Partners, have signed up as shareholders of Manchester firm Amelans' TV-advertised claims company injurylawyers4u.
Berwin Leighton Paisner has started to turn its profitability around, posting a 17 per cent hike and lifting average profits per equity partner to £303,000.
Brick Court Chambers has recruited Tim Lord from 2 Temple Gardens. Lord has focused on personal injury and insurance work in the past, but has been signed to assist Brick Court with its banking and financial services work. He spent 10 years at 2 Temple Gardens after qualifying at Slaughter and May.
CMS Cameron McKenna has announced that it will cut 16 staff from its London office. Five lawyers will go, together with nine support staff. The cuts follow the loss of 11 London support staff in January and the closure of the firm's Beijing office, which resulted in 40 redundancies. Camerons also streamlined its Hong Kong office, transforming it into a niche insurance practice.
Julia Cahill examines the finance axis which propelled the merger talks between the two firms
Canary Wharf group legal counsel Michael Ashley Brown is standing by Clifford Chance over the drafting of the Telegraph Group lease that is the subject of a High Court claim.
Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have emerged as the two most consistent performers in the magic circle, and Linklaters the most erratic, as profit levels look set to fall back to 1999-2000 levels.
The City Disputes Panel (CDP) has launched an employment support service offering clients alternative dispute resolution (ADR) options specifically for HR disputes.
You have to admire DLA's enthusiasm. Not content with telling the City how great it is, the firm has spent thousands on an advert in The Times telling the whole world. Entitled 'In praise of the magic circle', DLA says nice things about the "five or six" law firms that occupy the higher echelons of the City but says they are, in fact, quite expensive. But not DLA. It does lots of work at reasonable prices. The firm even quotes The Lawyer when we said that it's approach ...
Manchester and Leeds-based Cobbetts has formed an alliance with Belgian trade law boutique Stanbrook & Hooper to provide its clients with EU law advice. The firms were introduced through their common membership of the State Capital Global Law Firm Group.
Colin Ng & Partners has wooed back a team of three corporate lawyers that left the firm a year ago to join local rival Khattar Wong & Partners.The team is led by partner Tan Min-Li, who returns to co-head the firms corporate finance practice.Managing partner Colin Ng described the returns as significant, adding: "They will further strengthen our corporate and regional profiles."The return of the team takes the firms total number of lawyers in its ...
The shift of public services to the private sector has increased the need for regulatory bodies, but as their power grows, Neil Gerrard asks: who's regulating the regulators?
Bevan Ashfords non-lawyer chief executive Ann Conway-Hughes has resigned after just 18 months in the role. She will be replaced by partner and board member Stuart Whitfield.Conway-Hughes joined from engineering conglomerate GKN in late 2001 to lead an ambitious overhaul of the Bristol, Birmingham and London profit centre.However, there has been no movement in that time on the relationship with the separate West Country arm of the firm. A recently-concluded review has ...
Michigan-based firm Cummings McClorey Davis & Echo has become the first US firm to open an office in Ghana.
Audited profit figures released by DLA show a15 per cent hike in the firms turnover to £234m for the last financial year, with 21.1 per cent of the firms fee income being distributed as equity partner profits. However, profits per partner (PPP) remained relatively static at £460,000, an increase of just 2 per cent from last year. DLA has seen exponential increases in PPP over the last few years, but saw growth slow down in the face of tough economic conditions ...
DLA is continuing its drive into Asia after striking a deal to take over Singapore firm J Koh & Co.The corporate and commercial practice, which has been part of the DLA Group, an exclusive association of law firms, since 2000, will see its seven Singapore-based lawyers transfer to DLAs local office. In Thailand the Bangkok office of J Koh & Co, which contains five lawyers, will be subsumed into DLA and will be headed up by partner Chulapong Yukate. Commenting ...
Eversheds has continued its steady growth in turnover, increasing gross fee income by 13 per cent to £285m in the last 12 months."The firms had a good year, particularly when viewed in the context of current economic conditions," said managing partner David Gray. "Weve had significant growth in all practice groups, including corporate, with particularly strong performances in HR, ...
Former Stephenson Harwood partner Tony Stockwell has resurfaced in an in-house role at Carbon Trust, the Government-backed and business-led company that is helping business and the public sector to cut carbon emissions. Stockwell retired from Stephenson Harwood in January this year, after spending 25 years as a partner there. He joins Carbon Trust as legal adviser and company secretary.
This week's happiest in-house legal team has to be BSkyB. Well, it will be just so long as the team of legal secretaries there starts spreading the wealth.A syndicate of BSkyB legal secretaries was last week laughing all the way to the bank after winning just over half a million pounds on the Lotto. The lucky syndicate of 10 had all six numbers drawn on Saturday 10 May. Surprisingly, this was only the syndicate's sixth attempt at the draw. Less surprisingly, the ...
Farrer & Co is anticipating an influx of work after the Government announced last week that it would back London's bid to host the 2012 Olympic Games.
Field Fisher Waterhouse has shaken up its property practice following a strategic review. The firm has now merged its two former property groups into one.Newly-appointed head of property Moira Gilmour said the divisions, which saw the practice divided into a hotels and leisure group and an industrial group, were largely historic. The new structure creates a single group with strong ...
Latham & Watkins (Tracy Edmonson) acted for Owens-Brockway Glass Container in the sale of $450m (£278.6m) of its 7.75 per cent senior secured notes, due 2011, and $450m of its 8.25 per cent senior notes, due 2013, in a private offering. The initial purchasers were Deutsche Bank Securities, Bank of America and Citigroup, represented by
You'd think the HRA was there to promote freedom of expression and you'd be right - so long as you're a politician and not an artist or in business, that is. Sam Grodzinski reports
Barclays Bank has made a provisional decision to add Freshfields Bruckhaus Derin-ger to its core banking panel after a four-month review. All the firm's current firms have avoided the chop.
French firm Gide Loyrette Nouel is opening an office in Morocco in July and also plans to open in Algeria.
Herbert Smith's litigation group has overhauled its strategy in a bid to align itself more closely with the firm's growing corporate and banking departments.
A senior High Court judge has said that parties are increasingly likely to take their disputes to French courts rather than the Commercial Court because of its poor facilities.
The Indian Bar Council and government are considering proposals to enable domestic law firms to increase the size of their partnerships from 20 to 50.
North East firm Jacksons has split its core areas of business into two new firms. The firms insurance practice will be spun-off into a separate practice comprising managing partner Richard Clarke and six other partners.The firms commercial and private client practice will have 10 partners, including senior partner Kevin Fletcher.Clarke said: "The benefit to the firm and our clients will be a more focused, efficient and dynamic environment in which ...
Hong Kong's largest law firm Johnson Stokes & Master has announced measures to cull its headcount and employees' salaries with effect from 1 June. Exact figures were unavailable when The Lawyer went to press. The firm said in a statement that all groups have carefully reviewed Johnson Stokes's strategy and, where appropriate, practice groups have consolidated and restructured to allow a headcount reduction. Johnson Stokes is also reducing salaries to bring them in line with current market ...
Jones Day Gouldens is slashing ten per cent of its fee-earning staff in London as it becomes the latest City firm to institute a redundancy programme.The move, which was announced internally today (23 May) will initially affect up to 25 associates and paralegals, but may be followed by a proportionate reduction in secretarial staff. Partners will not be affected. Jones Day Gouldens London ...
Jones Day Reavis & Pogue is continuing to expand its Asian practice by hiring Denton Wilde Sapte's Asia senior partner Steven Goodman.
Fried Frank Harris Shriver & Jacobson has lost its second corporate partner to Kirkland & Ellis just weeks after the New York firms talks with Ashurst Morris Crisp fell through.Thomas Christopher is joining Kirkland one month after Stephen Fraidin, one of Fried Franks most senior partners, left for the same destination in a move that shocked the New York legal market.
KSB Law has seen a 21 per cent rise in fee income, taking the firm's gross billings to £12m. Average profits per partner remain static at £100,000, with bottom of equity at £85,000 and top of equity at £140,000.
Lawrence Graham head of construction Alan Hart has moved to Kennedys. Hart said he left Lawrence Graham to look for new challenges. "I joined Lawrence Graham to set up a new construction department, which I did with some success. Having achieved this, I needed a fresh challenge," he said. Kennedys ...
Tulkinghorn has become something of a telly addict in recent weeks. Thanks to Mrs Tulkinghorn's obsession with the jungle antics in I'm Not a Celebrity, Get Me a Career, the Tulkinghorn television has been firmly switched to the 'on' position.And it shows no signs of being switched off now that a merry band of lawyers from Theodore Goddard (now Addleshaw Goddard) ...
It costs at least £150,000 to create a single lawyer. And a whole lotta love, of course. In one fell swoop, then, when Denton Wilde Sapte took the decision to retain just 20 of its 48 trainees, the firm was throwing away about £4m worth of investment
Paul Hastings Janofsky & Walker has ramped up its London real estate practice by poaching senior Linklaters partner Jeffrey Bailey. Bailey joins Nigel Heilpern, who was recruited from Nabarro Nathanson in 2001, and US partner Mark Eagan. Bailey will head Paul Hastings' European real estate practice.
Mayer Brown Rowe & Maw has made up seven partners in London, taking the partnership to 100. The new partners are Michael Brown in litigation and dispute resolution, Gary Cooper and Richard Smith in corporate, Christopher Fisher in employment, Nick Henchie in construction and engineering, Jonathan Moody in pensions and David Morrison in corporate/restructuring and insolvency. This is the second round of ...
John Bevan QC's 2 Harcourt Buildings and 7 Bedford Row have been appointed to the Metropolitan Police's panel for work stemming from the new Proceeds of Crime Act.
Bank wins first round against Lawrence Graham's disgraced former partner
Minter Ellison has rocked the Adelaide office of Phillips Fox by poaching almost 25 per cent of its lawyers.
Morrison & Foerster (MoFo) has won a major instruction from German media giant Bertelsmann, advising on a high-profile $500m (£309.6m) US private placement.
Remember 'Chance, Clifford Chance' - the magic circle firm's West Coast advertising slogan, designed as an 'amusing' take on James Bond? Well now it seems the firm has become increasingly jealous of its right to James Bond spoof material.The firm used to sponsor Rowan Atkinson's Aston Martin Zagato in charity races in which the actor took part, but has ...
HarperCollins's Simon Dowson-Collins loves sport so much he once went to a QPR game while he was still on a BBC shift. Alex Wade meets the fittest lawyer in publishing
In the 24 March issue of The Lawyer, there appeared a report on a very important piece of EU legislation about to be brought into force. That has now happened: the Insurers (Reorganisation and Winding Up) Directive was introduced in the UK on 20 April 2003, by means of the Insurers Reorganisation and Winding Up Regulations 2003
Lovells' IT team has received a helping hand from the firm's property department to advise on one of the largest IT outsourcing deals of the year.
A leisure and property management team of one partner, three associates and a consultant has quit Masons for niche insolvency and property firm Sprecher Grier Halberstam.
John Rink, former managing partner of Allen & Overy (A&O), is to take an advisory role with legal management consultancy Hildebrandt. Rink, who had been managing partner of the magic circle firm since 1994, resigned in October 2002 and stepped down as a partner on 31 April this year. He will remain on the A&O management board for a further year as a consultant.
The Law Society may be backing the Lord Chancellor's proposals to get rid of barristers' archaic uniforms, but some solicitors aren't so sure.One young female litigation partner recently told Tulkinghorn that she is particularly fond of the diminutive black mourning hood junior barristers wear cast over the left shoulder of their gowns, as they have done since the death of Charles II in 1685. "Sometime juniors go off on completely the wrong tack in court. ...
Shearman & Sterling has scooped instructions from new Linklaters client Robert Tchenguiz, because the magic circle firm was conflicted out after advising on a competing bid for luxury department store chain Selfridges.
The Law Society of Singapore has approved a plan to create an organisation similar to the Solicitors Pro Bono Group in London.
SJ Berwin has become the latest in a string of City firms to make redundancies, cutting 16 staff across various departments.
SJ Berwin has scored a significant coup in Paris by wooing a four-lawyer leveraged buyout team from Clifford Chance, led by corporate partner Christophe Digoy.
Slaughter and May will boost its Paris finance team this summer by relocating Andrew Maclean, who is currently on secondment at best friend Hengeler Mueller, to the French capital.
US firm Squire Sanders & Dempsey is launching a full-scale operation in the Middle East, following the successful establishment of an affiliation with Kuwaiti firm MM Al Ghazali & Partners.
Stamford Law Corporation is launching in Beijing and Guangzhou, following a bulk hire of Chinese specialist lawyers from rival Singapore firm Colin Ng & Partners. Tan Chong Huat, who leads the team, will join Stamford as a director (the equivalent of a partner) and is bringing with him around six other lawyers. They will all join the firms Chinese practice.Premises for the new offices have already been found, with an opening date imminent. Initially they will be ...
My, my. Clifford Chance and its Singapore joint venture partner WongPartnership really have scored a coup by hiring Choo Wai Hong from Allen & Gledhill. According to Singapore's The Business Times the "comely" Wai Hong really is "multi-talented". Not only is she the "queen of unit trusts", but she is also quite a ballroom dancer and a fine cook to boot. How many Clifford Chance partners ...
The idea of working for themselves lured three young lawyers to set up on their own
When Laurie Adams joined ABN Amro, he set about restructuring legal and compliance to align it with the rest of the business. Now, it is a reliable safety net. Husnara Begum reports
The issue of public inquiries - particularly their cost and whether they should be held in public or private - is becoming almost as controversial as the types of issue they must deal with. Richard Smith investigates
Bank Restaurant Group, the company that employs the wife of Pinsent Curtis Biddle's senior partner as a director, is suing her husband's firm for negligence.
Spanish firm Uría & Menéndez, best friend to Slaughter and May, has taken the highly unusual move of acting for both buyer and seller in the e204m (£145.2m) sale of a 50 per cent stake in Portuguese shopping centre Vasco da Gama.
Weil Gotshal & Manges' European operation has nearly doubled its turnover over the last financial year, outstripping the firm's revenue growth in the US.
Watson Farley & Williams has bolstered its French practice with the appointment of two partners from the new Paris office of Weil Gotshal & Manges. Gilles Cervoni and Lucien Rapp will join Watson Farley's Paris office on 1 June.The departures come only five months after Weil Gotshal merged with Serra Leavy & Cazals, where Cervoni and Rapp were both partners. Their hire will bring the number of partners in Watson Farleys Paris office to four.Cervoni ...
David Blunkett's proposed guidelines for the higher sentencing of murderers has reignited the battle between judges and Parliament over who should hold sway over the courts. Jon Robins asks whether politics should ever enter the courtroom
Wilmer Cutler & Pick-ering has taken on former Deputy Attorney General Jamie Gorelick as a partner in its litigation practice.
Fears for the future of the Young Solicitors Group (YSG) have been raised after it emerged that the Law Society is planning to slash its annual grant from £40,000 to around £30,000.