2 March 2009
Allen & Overy special global counsel Philip Wood has been named an honorary QC for his wide range of activities in the finance field since retiring from the firm's partnership.
Allen & Overy (A&O) and Freshfields Bruckhaus Deringer have joined forces with leading US firms and banks to lobby for the expansion of public private partnerships ...
Addleshaw Goddard managing partner Mark Jones is to become the firm's first chairman after standing uncontested for the position.
Private equity group Apax Partners is set to hire its first global general counsel, joining a growing list of funds employing dedicated in-house lawyers.
Only $10m separates top two firms as The Lawyer reveals full impact of global recession on US firms’ turnovers.
10.22amIt cost $15m, had a cast of thousands and ran for more than three hours. The similarities between the OFT's case against a series of high street banks over account charges and 1950s blockbuster Ben Hur are legion.
The legal chief of the UK’s biggest local council has slammed a “poor-quality” Law Society consultation on the role of monitoring officers, describing it as a “waste of money”.
Blackstone Chambers has won a key age discrimination ruling for the Government in the European Court of Justice (ECJ).
Australian firm Blake Dawson has had its Wikipedia page invaded with an unknown contributor adding details of the firm’s job cuts to the online encyclopedia.
Bristol based Burges Salmon has begun redundancy talks that will see 18 lawyers lose their jobs while trainees are being asked to put off starting their contracts by a year.
Legal head Nick Benson needs to tread a fine line between the Met Office’s status as a public body and a commercial enterprise. Tom Phillips reports
Clifford Chance has bagged a role as the only UK firm on the Abu Dhabi state-owned International Petroleum ;Investment Company’s (Ipic) $2.3bn (£1.58bn) purchase of Canada’s Nova Chemicals Corporation.
Clifford Chance to cut 115 London support staff jobs" class="inline_image inline_image_left" src="/pictures/web/images/16549_cc-london90.jpg" /Clifford Chance is looking to lay off up to 115 business services staff in London after a review of its support staff needs.
The negotiations over the fate of debt-ridden estate agent Countrywide have pulled in a dizzying array of legal advisers.
Davis Polk & Wardwell and Shearman & Sterling have been handed the lead mandates on the restructuring of Ford Motor Company's debt.
US firm Debevoise & Plimpton saw revenues rise by 7 per cent revenue during the 2008 calendar year, up from $709.5m at the end of 2007 to $760.8m.
Dewey & LeBoeuf has launched a redundancy consultation in London with the aim of reducing its associate headcount by approximately 15.
Mosaic Fashions, which owns retail chains including Karen Millen and Oasis, went into administration today, with DLA Piper winning the instruction.
DLA Piper to lose 54 Asian jobs in regional shake-up" /DLA Piper has announced it is to cut 54 staff in Asia as part of a restructuring of its business in the region.
Linklaters" class="inline_image inline_image_left" src="/pictures/web/images/16578_NickEastwellLinklaters90.jpg" /Linklaters stalwart Nick Eastwell has retired from the firm after 20 years as partner, leaving project finance partner Stuart Salt to take over as managing partner of Emerging Europe, Middle East and North Africa (EEMENA).
Former Crystal Palace FC manager Iain Dowie is taking CMS Cameron McKenna to court over fees racked up by the firm when it represented Dowie in defence of a claim brought by the club.
Freshfields has scored an appeal victory for Tesco after the Competition Commission tried to alter the process for approving new stores.
Freshfields Bruckhaus Deringer and Herbert Smith have been called in to advise on building supplies company Wolseley's upcoming £1bn rights issue.
Putting houses in order is becoming the mainstay of law firms’ private equity work, says Kian Ganz.
Leading French firm Gide Loyrette Nouel will launch two new offices in the United Arab Emirates (UAE) this week, opening simultaneously in Abu Dhabi and Dubai.
Glasgow City Council has finalised its new legal panel, awarding places to DLA Piper and Pinsent Masons alongside a host of Scottish firms.
Hammonds has settled with seven out of eight former partners involved in a £1.7m profits dispute with the firm, days before a cost hearing was due following a High Court clash.
Herbert Smith advised Bank of Scotland on a $300m (£206.13m) loan facility to oil and gas exploration and production company Dana Petroleum.
Since winning the first-ever writ against the Ministry of Defence (MOD) in 1987, Hilary Meredith has made a name for herself among the armed forces.
Learning and development teams arguably become even more important for law firms during a downturn as lawyers’ skill sets have to become more transferable. Patrick McCann and Dorothea Bannerman-Bruce reveal 10 steps to achieve effectiveness.
As the nature of lawyers’ client-facing work has evolved, so too should the role of the legal secretary, who can and should be utilised in a more supportive function for a greater number of lawyers. By Clodagh Beaty
Despite a history of high-value deals, Italian law firms have unsurprisingly failed to avoid the crunch and are now reacting defensively in a volatile market. By Kelly Parsons
K&L Gates has come a long way in the international legal market and its global assault is far from over.
Law Society boss Des Hudson has cautioned lawyers deferring training contracts against leaving ‘gaps in their CVs’, urging them to do pro bono work instead.
The Lawyer’s sister title Lawyer 2B is this week hosting a careers event for promising A-level students attending state sixth form colleges who are interested in training as solicitors and barristers.
Linklaters CEE spin-off launches Serbia practice” />Kinstellar, the Central and Eastern Europe (CEE) firm that spun out of Linklaters last year, has launched a Serbia practice with the hire of three former DLA Piperlawyers.
Linklaters has appointed litigation partner Kathryn Ludlow as its first global pro bono partner.
Ashurst swoops for half of US firm’s esteemed structured finance practice.
Last week The Lawyer broke the news of the first legal job cuts in the Middle East. Seven Trowers & Hamlins employees lost their jobs in Dubai, Muscat and Riyadh, six of them associates and most from project finance (23 February).
DLA Piper has hired Costanza Russo as a London partner from Paul Hastings, where she was a senior associate.
Norton Rose takes lead on HSBC rights issue" /Norton Rose has won a trophy mandate from key client HSBC, advising on its £12.5bn rights issue.
Davis Polk & Wardwell, Sullivan & Cromwell and Weil Gotshal & Manges have secured lead roles on the restructuring of US insurance giant AIG.
O'Melveny & Myers is the latest firm to announce layoffs with 90 associates and 110 support staff set to lose their jobs.
Orrick Herrington & Sutcliffe has announced a second round of layoffs, with plans to axe a total of 300 staff.
Boyes Turner partner Adrian Desmond has been elected as chairman of the Forum of Complex Injury Solicitors (Focis). He replaces Richard Vallance of Charles Russell, who has held the role since 2007.
Linklaters has scored the lead role advising the Polish government on the construction of a new national football stadium as the venue for the opening match of the Uefa European 2012 Football Championship, which is beingco-hosted by Poland and Ukraine.
In the latest in our Postcards from... series, Ashurst partner David Wadham discusses schooling, AC and mini-rugby in Abu Dhabi.
The Football Association has revamped its legal panel, handing positions to 11 silks, who will decide on football disputes involving clubs and players.
Chancery set Radcliffe Chambers has boosted its ranks with two new barristers, launching an employment ;litigation practice in the process.
It Is a bit of a strange shopping list: one pair of silk breeches, one set of ruffles, a jabot, one pair of steel buckled court shoes, one pair of white gloves and one full-bottomed wig.
Magic circle firms appear to be experiencing a sense of déjà vu. The figures look like going back to 2004 levels.
Leading international IP firm Rouse has formed a strategic alliance with consultancy Iceberg Transactions to ramp up its non-contentious IP transaction capability.
Shearman & Sterling is to cut 60 support staff jobs in its US and Canadian offices after yesterday announcing redundancies in the UK (3 March).
US firm Shearman & Sterling is to retain just 64 per cent of its London trainees who are due to qualify in September.
Shearman & Sterling has begun a redundancy consultation in its London office which is likely to see the loss 18 secretarial and support staff.
Land Securities has turned to stalwart adviser Slaughter and May on its £755.7m rights issue.
Sonnenschein Nath & Rosenthal has closed its 11-lawyer Charlotte office due to the declining demand for legal services
Italian law firms spent the end of last year scrapping to get deals closed and 2009 has brought more uncomfortable news for M&A lawyers.
CMS Cameron McKenna is advising the receivers of two Antiguan companies owned by Texan billionaire Allen Stanford.
11.37amHammonds managing partner Peter Crossley may well have a little skip in his step this week. Seven of the eight former partners in dispute with the firm over drawings on anticipated profits paid out between 2003 and 2005 have settled.
When The Lawyer published its ranking of the top 50 US firms in 2007 by revenue, we hinted that the following year’s figures were unlikely to be as remarkable as the record-breaking results that had just been posted.
The former Brobeck Phleger & Harrison chairman who masterminded Clifford Chance's ill-fated US West Coast venture has resurfaced in private practice.
Trowers & Hamlins has launched a redundancy consultation with fee-earners in its UK-based real estate team.
Tulkinghorn knows that keeping up to date with events in the legal market is important in difficult economic conditions.
The Allen Stanford case highlights the powerful impact that government can have when agencies join forces to catch criminals.
Over the last 18 months I’ve been listening a lot to managing partners predicting a spate of mergers in the legal sector. But despite all the exploratory phone calls and discreet lunches, there hasn’t been anything that’s come near to an agreement.
Continuing with extracts from TheLawyer.com’s new ‘Postcard from…’ series, this week’s blogger is Anthony Raven, an energy and projects partner in Lovells’ Tokyo office.
Online legal alliance QualitySolicitors.com has joined forces with consumer watchdog Which? to enable users of the former to access the latter’s legal telephone advice service.
White & Case has split with Singapore ally Venture Law as it prepares to launch its own office on the island.
Ashurst has secured a key instruction frm William Hill over its plan to raise £1.2bn in a rights issue and debt facility, alongside Allen & Overy (A&O) and Skadden ;Arps ;Slate Meagher & Flom.