20 August 2007
Things are looking grim for Barlow Lyde & Gilbert (BLG). With partners leaving left, right and centre, BLG could find itself saddled with the tag 'the new Norton Rose'. Luckily the figures aren't quite so bad that it inherits the really unwanted sobriquet 'the new Hammonds'.
US firm Dechert is hoping to expand its international capabilities by launching in the Middle East. While the firm has built up a strong client base in the United Arab Emirates (UAE), it is yet to have a presence on the ground in any of the jurisdictions.
It definitely pays to be a law firm that employs a Harman sister. Three firms at which Harriet Harman's sisters are working received almost £650,000 in legal aid and legal services payments, according to the now defunct Department of Constitutional Affairs' (DCA) last resources account.
Covington & Burling has hired Mark Young as an associate in its European technology, media and communications group. Young joins from the London office of Denton Wilde Sapte, where he trained andqualified. Covington has also hired associate Janet Kidd in its European life sciences group from Wragge & Co, where she was a junior associate.
Simpson Thacher & Bartlett is used to leading the pack when it comes to salary rises. Now it’s doing the same with charge-out rates: the two are not unconnected.
Allen & Overy scooped the lead role advising on the first ever sukuk programme in Kuwait.
Underscoring its current focus on mainland China, Allen & Overy (A&O) has moved to relocate four of its Hong Kong-based lawyers to Beijing while hiring a senior associate for its Shanghai office.
It's well known that moving Western lawyers to Saudi Arabia and keeping them there isn't an easy thing to do.
Former special counsel at the Securities and Exchange Commission Laura Badian has joined Arnold & Porter.
South East firm ASB Law has made two partner hires from local rivals, both of them heads of department.
It's not all nose to the grindstone in the City, you know. Tulkinghorn learnt the other day that those lovely chaps over at Ashurst recently gave one of its IP lawyers enough time to eat, sleep, see daylight occasionally and pen her first book.
Howrey is set to shift its associate compensation away from lockstep and towards a skills-based system.
Managed equipment service provider Asteral has hired a project finance lawyer from Lovells, its first dedicated in-house lawyer.
Birmingham was traditionally the market into which ambitious South West firms would expand. Now London is the more attractive option
Baker & McKenzie has reported global turnover growth of 20 per cent in the 2007 financial year, with total income rising to $1.83bn (£910m).
Bookseller Barnes & Noble has raided IBM to appoint Jennifer Daniels to the newly created post of general counsel, vice president and secretary to the board.
Newly-wed barrister Owen Prys Lewis of 9 Park Place Chambers received £100 compensation from his wife after she hit him over the head with a bottle of pinot grigio, a court heard.
Beachcroft, Brabners Chaffe Street, Clyde & Co and Eversheds have secured places on DHL's first official employment panel.
It’s all the buzz of the internet super-highway: Linklaters’ New York summer associates are not happy bunnies – allegedly.
Berwin Leighton Paisner (BLP) won a beauty parade to advise on the first successful securitisation in the United Arab Emirates (UAE). The firm advised new client Arabian Real Estate Investment Trust (Areit) on its $63m (£30.9m) commercial mortgage-backed security via a special purpose vehicle. The proceeds were used to finance the purchase of a tower in the Dubai Technology and Media Free Zone. Tamara Box, the partner leading the BLP team, said: "We gained this ...
Berwin Leighton Paisner, Jones Day and Nabarro have secured places on the coveted UK general panel of one of Australia's largest industrial real estate investment trust Goodman International.
In a bolshy move, US law firm Bryan Cave has claimed to be the biggest American outfit in relation to running class actions “day in day out”.
Bridge equity challenges the traditional approach of banks in financing transactions, offering them new opportunities - and new risks. By Tihir Sarkar and Jeffrey Karpf
CMS Cameron McKenna has been hit by another partner departure, with the London office of Missouri-headquartered Shook Hardy & Bacon picking up commercial partner Mark Tyler.
Magic circle firms Clifford Chance and Linklaters have scored another win advising on the sale of £2.84bn of Eurotunnel debt.
Clifford Chance has returned to Berwin Leighton Paisner (BLP) to plunder its real estate practice for a second time in the latest instalment of an uneasy tit-for-tat rivalry.
Over to Outer Temple Chambers, which recently won the dubious accolade of being the highest-ranked team of barristers in the London Triathlon.
US class action specialist Cohen Milstein Hausfeld & Toll is set to ramp up its international best friends network as magic circle firms Freshfields Bruckhaus Deringer and Linklaters decide on the best strategies for defending UK companies.
DLA Piper sets 150-lawyer target for Germany offices" /DLA Piper is embarking on an ambitious growth strategy in Germany, drawing up plans to boost its number of lawyers in the region by 50 per cent.
Garden centre Dobbies turned to Dickson Minto over regular adviser Tods Murray for the £156m bidding war that saw Tesco emerge as the likely victor.
Denton Wilde Sapte (DWS) is looking to Africa and the Middle East along with its strength in energy and natural resources to save an ailing banking practice by channelling its energies into the project finance market.
Denton Wilde Sapte (DWS) has underscored its dedication to emerging markets by advising on the largest-ever loan in the Ukraine. The DWS team, led by banking and finance partner Jonathan Solomon, advised BNP Paribas as lead arranger on the $1.5bn (£740m) loan for Ukrainian mining and metals group Metinvest. Solomon said: "The deal is significant because the Ukraine hasn't seen a loan of this size before. Quite a lot of work went into making sure the loan was bankable." ...
ESPN Star Sports (ESS) has been left looking for a new associate general counsel after European sports rights company Sportfive poached Ed Floydd to head its legal team.
Ian Welland has become a partner at Fishburns Solicitors after moving from Robin Simon earlier this month.
South West firm Foot Anstey Solicitors has merged with Plymouth's Serpell Eaton Solicitors.
Hammonds settled with at least four of its former partners before kicking off its £3m profit dispute against 14 other ex-partners in June, it emerged last week.
Freshfields Bruckhaus Deringer's tribunal woes will stretch out until the end of 2007.
The Law Society will launch a diversity charter in October that will make FTSE100 companies force law firms to provide diversity data before being appointed to panels.
For those few plucky readers still in the office, take heart: can you imagine the culture shock your ostensibly sensible holidaying colleagues will suffer on their return?
Hammonds has kick-started a strategic push in its private equity group to capture a bigger slice of the high-value deals market with the hire of Travers Smith senior associate Mark Robson.
Herbert Smith has scored a Court of Appeal victory that leaves banks that act as both the arranger and underwriter on a syndicated loan immune to legal redress.
Herbert Smith is increasing its focus on the international graduate market with the expansion of its Indian and Australian internship programmes.
HSBC is set to join the highly competitive market for talent in the Middle East by embarking on a recruitment drive to boost its legal team in the United Arab Emirates (UAE) in response to the buoyant financial markets in the region.
Cardiff-based Hugh James is to launch its first office in London and has recruited Pillsbury Winthrop Shaw Pittman outsourcing partner Phillip Rees for the launch.
A parliamentary committee has launched an inquiry into allegations of torture by British troops in Iraq and allegations that British forces were told that human rights law did not apply there.
What lawyer would willingly enter into an agreement of any complexity that was not written down? So what is different about the web of rights and obligations that we inherit as citizens of the UK and subjects of the Crown? Yet, in defiance of almost every other country in the world except New Zealand, the British are taught, almost ...
The Sovereign Chambers barrister who is accused of drunkenly beating a man at a wedding shortly after exposing himself has told a jury that he acted in self-defence.
K&L Gates has scored the lead role advising world cricket governing body the International Cricket Council (ICC) on the sale of its global media rights.
Keoghs is broadening the range of skills within its intelligence services with a number of recent hires.
A succession of ownership changes has made Gartmore general counsel Kevin Crosset's life a busy one. But all aspects of his work are a challenge, he tells Margaret Taylor
Real estate giant Land Securities has shelved its plans to recruit a group general counsel.
Memery Crystal, K&L Gates" /Memery Crystal and K&L Gates have played key roles advising on the AIM flotation of oil and gas company Leed Petroleum.
Legal woes might yet scupper the £3.75bn London flotation of Rusal, the aluminium giant.
Richard Lissack QC of Outer Temple Chambers has become involved in the foot and mouth outbreak.
Los Angeles-based entertainment powerhouse Loeb & Loeb has launched a fashion and luxury brand industry group on the back of the proposals of new copyright laws protecting the industry in the US.
Lovells is relocating to larger premises from its current Rome and Milan offices to accommodate a recent rapid growth in numbers.
Tulkinghorn has been trying to console Norton Rose employees after, as they say, they "woz robbed" of a place in the final of the Softball Law Firm League by Lovells.
Mayer Brown Rowe & Maw (MBRM) has been hit by yet another claim resulting from the bankruptcy of commodities trader Refco.
Transatlantic giant Mayer Brown Rowe & Maw has become the latest firm to opt for an abbreviated name, rebranding as the shortened Mayer Brown.
Allen & Overy has further ramped up its New York office with the hire of two partners from Mayer Brown Rowe & Maw.
Travers Smith and White & Case were embroiled in a slanging match last week with US lawyers for the 'NatWest Three'.
Norton Rose has been raided by South African law firm Deneys Reitz, losing senior associate Steven Gamble from its banking group.
Norton Rose’s lawyers are set to spend less time and money travelling as the firm introduces a new £1.9m integrated IT communications system.
The beauty of partnership is that it's not just a business relationship, it's personal. The most colourful off-the-record briefings are reserved for partner departures. It never ceases to amaze just how many faults one can find in a partner who was a glittering example of good lawyerliness just one day before they handed in their notice.
Advocate and funds specialist Richard Thomas took the chair at the Jersey Funds Association AGM in July after Gary Clark stood down. Thomas, a partner at offshore law firm Ogier, has extensive experience advising on investment funds, securitisation and banking and corporate matters. He has been involved in the creation of Jersey's regime for protected and incorporated cell companies.
Orrick Herrington & Sutcliffe has strengthened its Korea group through the appointment of Debevoise & Plimpton international counsel and Korean law specialist Mark Lee.
If the US Food & Drug Administration is to function effectively, its offices need to work together. By Jim O'Neal
The new footy season kicked off last week to collective relief around the country, as legions of blokes now have something to do again on a Saturday.
The Premier League's sole in-house lawyer Oliver Weingarten has doubled the size of the in-house legal function with his first hire of a commercial lawyer.
The Legal Complaints Services (LCS) has launched a ‘pre-consultation study’ into its plans to publish the complaints handling track records of law firms.
With new legislation, the US government hopes to make foreign investment more easily accessible and accountable - something it considers to be important for a safer and more prosperous future. By David Marchick and David Fagan
Clifford Chance has been struck by what is thought to be the first UK discrimination claim against a law firm on the grounds of sexual orientation.
Twelve UK firms have top equity partners on more than £1m, up from eight last year as the top end of the market benefits from record transactional levels in 2006-07. The figures are revealed in the publication of The Lawyer UK 200 Annual Report, out on 3 September.
Salans has boosted its reach into the Polish legal market with the signing of a relationship agreement with Krupa Srokosz Patryas in southern Poland.
Scottish law firm Muir Myles Laverty (MML) has blamed bosses copying the brash style used by Sir Alan Sugar on television programme The Apprentice for the rise in the caseload of employment tribunals.
Is Holman Fenwick & Willan's recent return to financial form, with net profit soaring by more than 20 per cent and turnover at record levels, at risk?
While having a surf on the worldwide web superhighway, Tulkinghorn came across this interesting choice of profile picture for barrister Diane Chanteau of common law set 55 Temple Chambers.Tulkinghorn mused why anyone would want their work portrait to be of them having a smoke while in chambers.Either way, Tulkinghorn would advise that the photo be changed, as the smoking ban means one can no longer smoke in chambers.
The New York office of Simpson Thacher & Bartlett has increased its charge-out rate for top performing partners to $1,000 an hour.
SJ Berwin has underlined its commitment to the infrastructure sector, advising on the closing of RREEF Infrastructure’s latest fund.
British Airways (BA), advised by Slaughter and May, yesterday pleaded guilty to price-fixing in the US, admitting to two counts of engaging in conspiracies with other airlines to fix prices of fuel surcharges on passenger and cargo flights.
When it comes to law firm financials we all know that profit per equity partner (PEP) is just one measure of many. But let’s face it – it’s still the most eyecatching.
Here's the exclusive picture of Carlos Tevez signing for Manchester firm Brabners Chaffe Street after a long legal battle. Sports head Maurice Watkins is on his right with Manchester United FC CEO David Gill to his left. Taking up the rear are Tevez's agent and Brabners partner Matthew ...
The lawyers for beleaguered Russian oil company Yukos were given a boon yesterday by Switzerland’s highest court, which denied a request by the Russian Federation to access key bank documents.
It really is August, despite the rain.
Underground maintenance company Tube Lines is on the hunt for a new general counsel after previous legal head Nicola Geoghegan moved back to Australia.
The US is the undisputed biggest economy and legal market in the world, and politics is omnipresent.
Growing demand for patent litigation expertise has led to a goldrush for lawyers in the US.
Little emphasis is placed on the voice, but it can define and influence how you come across to others. When a client or colleague meets you for the first time, they make a judgment based on how you speak. Therefore it makes sense to invest time in making your voice sound professional and as you would like to have it heard.
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