National law firm Eversheds is being sued by London & Capital Group over its handling of the collapse of a £220m property transaction in February. The investment and fund manager is claiming £300,000 plus interest from the firm, alleging it was negligent is carrying out instructions after an agreement to purchase the private property company […]
Coudert Brothers is set to pick up the remaining vestiges of Freshfields Bruckhaus Deringer’s Bangkok office, axed after this year’s Asian practice review. Under a deal finalised yesterday, partners Stephen Bennett and Surasak Vajasit will be joined by a group of Freshfields associates and support staff at Coudert Brothers. The US firm is also expected […]
Norton Rose’s Cologne office appears to be on the verge of joining CMS Hasche Sigle. It is understood that CMS Hasche Sigle is conducting due diligence on the office, the former Cologne branch of Gaedertz which joined Norton Rose in 2000. According to German legal magazine Juve, at this stage it is not clear if […]
The first trans-Atlantic of the year is going ahead as partners at Nicholson Graham & Jones and Kirkpatrick & Lockhart have voted through a tie-up. The merger will go live on 1 January 2005, creating a 950-lawyer firm spanning 10 US cities and London… The first trans-Atlantic merger of the year is going ahead as […]
Denton Wilde Sapte is the latest City firm to be gripped by election fever, as it gears up for its management elections at the end of the year. Up for grabs are two non-executive board positions and the chief executive’s role. Virginia Glastonbury, the firm’s chief executive for the past six years, has indicated she […]
Parisian private equity star Thomas Forschbach is being joined by six lawyers from former firm Ashurst at his new home Latham & Watkins. Forschbach, who shocked the private equity market with the announcement of his surprise move from Ashurst to Latham, as exclusively revealed by The Lawyer (26 August), will move with partner Nathalie Alibert […]
Morrison & Foerster is blazing ahead with the expansion of its Tokyo office after scooping a senior finance partner from Milbank Tweed Hadley & McCloy. Tsugumichi Watanabe has worked in both New York and Tokyo and has over 20 years on acting on complex financing transactions. Morrison & Foerster is also taking on an extra […]
Dechert’s string of partner losses has lengthened further after another partner prepares to leave the firm. In an internal email circulated around Dechert late last week, the firm revealed that it had reached a mutual agreement with property partner Michael Hallowell over his departure. It is understood that a date for Hallowell’s last day at […]
Plans to evacuate scores of lawyers and staff from the Cayman Islands have been scrapped as law firms today (22 September) restart operations in the wake of Hurricane Ivan that devastated the island. Firms were planning to restart their Cayman operations in either London, the US, and neighbouring Caribbean islands unaffected by Ivan. However, with […]
Trowers & Hamlins has targeted South East firm Kidd Rapinet’s private client department to acquire the head of the practice. David Semmens joins Trowers as a partner in the firm’s developing private client department, under the direction of head of the group Luke Valner. His appointment brings the private client team to 11 lawyers. Although […]
Bevan Ashford has boosted its Birmingham property capability with the hire of a new partner. Former Kent Jones & Done partner Amanda Hanmore joined the firm earlier this month. Birmingham lead partner Sara Woffenden said Hanmore will be instrumental in helping the firm enhance its position in the Midlands property market. The hire takes to […]
Banks worldwide are pouring funds into fighting money laundering, investing 61 per cent more funds over the past three years. A study by accountancy firm KPMG has found an upturn in focus on anti-money laundering systems with nearly two thirds of banks surveyed seeing combating money laundering as a high-profile issue. There has also been […]