21 August 2006

The Lawyer

  • People

    21-Aug-2006

    White & Case has boosted its finance group with raids on Linklaters and Weil Gotshal & Manges. Tom Schorling joins as a partner in Frankfurt from Weil, while Alan Rockwell joins as a partner in London from Linklaters, ...

  • £1M pay mark: a step too far for FTSE100 lawyers

    21-Aug-2006

    Only two solicitors on the boards of FTSE100 companies have earned more than £1m in salaries and bonuses, not including share entitlements, according to annual reports.

  • Addleshaws, Camerons bag £318m pub sell-off

    21-Aug-2006

    Addleshaw Goddard and CMS Cameron McKenna have both scooped roles advising on Admiral Taverns' purchase of 769 pubs from Enterprise Inns for £318m.

  • Barclays turns to Linklaters for derivatives lawsuit defence

    21-Aug-2006

    Linklaters for derivatives lawsuit defence" /Linklaters has bagged the mandate from Barclays to defend it against a second major derivatives lawsuit in as many years.

  • Biggarts associates gain bonus upgrade

    21-Aug-2006

    Scottish firm Biggart Baillie has introduced a new bonus structure for its assistants and associates that will see its non-partner lawyers increase their remuneration by as much as 20 per cent.

  • Bingham restructuring ace joins Jones Day

    21-Aug-2006

    The London office of Jones Day has poached business restructuring partner Andrew Rotenberg from Bingham McCutchen. Rotenberg, who was based at Bingham's London office and who joins his new firm as a partner, has been involved in insolvencies and restructurings, including those of Mayflower, Jarvis, Cordiant and Transtec.

  • Birchams scraps hours targets in turnover drive

    21-Aug-2006

    Bircham Dyson Bell has abolished annual hours targets for its fee-earners in favour of setting annual revenue targets as part of the firm's aim to reach the £50m turnover mark.

  • BLP goes all Play School

    21-Aug-2006

    Tulkinghorn admits that the relationship between lawyer and client can be a complex one. The law firm is often at pains to spell everything out clearly, but in such a way as not to offend the client.

  • BLP property head one of City's highest earners

    21-Aug-2006

    Berwin Leighton Paisner's (BLP) head of property Robert MacGregor is set to continue to be one of the highest paid partners in the City, with an estimated £1.3m in drawings for the 2005-06 financial year.

  • Bung patrol

    21-Aug-2006

    With foreign bribery attracting the attention of the US authorities, in-house lawyers have to be on their toes to keep their companies safe from the long reach of US laws. By Matt Morley

  • Burness overhauls management team

    23-Aug-2006

    Scottish firm Burness has reshuffled its management team, after promoting former head of property Ian Wattie to managing partner at the start of August.

  • CC and Freshfields lead £675m Travelodge sale

    22-Aug-2006

    Clifford Chance and Freshfields Bruckhaus Deringer have taken the lead roles on the £675m sale of Travelodge, the second time the two firms have acted on the hotel groups’ sale.

  • Cleary instructed by latest bidder in three-way battle for Inco

    21-Aug-2006

    Cleary Gottlieb Steen & Hamilton has jumped into the bidding war for Canadian nickel producer Inco, advising Brazil's Companhia Vale do Rio Doce (CVRD) on its $17.6bn (£11.9bn) counter bid.

  • Cloisters snares No 5 PI specialist

    21-Aug-2006

    Cloisters Chambers has hired personal injury (PI) specialist Martyn McLeish from Birmingham giant No 5 Chambers. McLeish joined Cloisters last week from No 5's London annexe and will help to boost the set's flourishing PI team. His hire is part of a planned expansion process at Cloisters, with other tenants in areas such as employment due to arrive later this year.

  • Cooley Godward secures merger with Kronish Lieb

    22-Aug-2006

    Silicon Valley-based firm Cooley Godward has ended its long-running search for a merger partner, announcing a tie-up with New York litigation boutique Kronish Lieb Weiner & Hellman.

  • Cripps awards double bonuses after posting record results

    21-Aug-2006

    South East firm Cripps Harries Hallhas paid double its anticipated bonuses after a strong financial year.

  • Dickinson Dees in Standard Life conveyancing win

    22-Aug-2006

    Dickinson Dees has won a competitive tender to bag the key role advising Standard Life on its entire national commercial conveyancing portfolio.

  • Dundas gains new property finance chief

    21-Aug-2006

    Dundas & Wilson has hired Field Fisher Waterhouse (FFW) partner Kenneth Maxwell to lead its property finance team. Maxwell will join Dundas's London office after five years as a partner at FFW. He will focus on the mid to high-value property market and will be charged with growing the firm's real ...

  • Energy

    21-Aug-2006

    The future of the UK's energy supply is an issue of critical importance. There was with little wonder, then, at the level of eager anticipation with which lawyers and industry bodies greeted the long-awaited Energy Review from the Government, published in July.

  • FerradaNehme becomes London's first Chilean firm

    21-Aug-2006

    FerradaNehme has opened a representative office in London, becoming the first Chilean firm to do so.

  • Former RAC GC Biddle joins Aegis

    21-Aug-2006

    Media communications and market research company Aegis Group has appointed Mark Biddle as its group general counsel from Aviva.

  • Freshfields lands aviation consultant

    21-Aug-2006

    Freshfields Bruckhaus Deringer has hired the general counsel of air industry body Aviation Working Group (AWG) as a consultant. US lawyer Jeffrey Wool is secretary and general counsel at AWG, the industry body for legal and regulatory issues for aviation financing and leasing. He will continue his role at AWG, joining Freshfields' London office as an adviser.

  • Fulbright assists NY Mets to secure new stadium

    23-Aug-2006

    Fulbright & Jaworski has developed a landmark innovation in public-private financing in the US, in the process ensuring that the New York Mets baseball team will have its long-awaited new stadium for the 2009 season.

  • Green card

    21-Aug-2006

    A resurgence in renewable energy is being helped by transatlantic agreement, but lawyers must be aware of the cross-border legal implications. Michelle Thomas reports

  • Hedge row

    21-Aug-2006

    After the Goldstein decision the extent and method of the SEC's regulation and enforcement over hedge fund managers has been thrown into uncertainty. By Mitchell Nichter

  • Herbies pips Freshfields to LogicaCMG mandate

    22-Aug-2006

    Herbert Smith has and scooped corporate rivals Freshfields to strengthen its ties with IT supplier LogicaCMG, after advising on its £882m purchase of Sweden’s WM-data.

  • Hill Dickinson goes barking mad

    21-Aug-2006

    Good old Hill Dickinson. Not content with supporting local arts by sponsoring Liverpool's role as the 2008 European City of Culture, the firm is going all green-fingered with a new plan to become 'carbon-neutral'.

  • How to keep associates motivated

    21-Aug-2006

    As demands upon fee-earners increase and the mobility within the legal market is greater than ever before, the path to partnership remains a long one in many firms; and indeed it is not a route that the current generation of associates will all necessarily choose to follow. Therefore the question of how to keep bright, ambitious young lawyers motivated is one that many partners, HR and training professionals are currently grappling with.

  • In full boom

    21-Aug-2006

    The buoyant M&A market helped corporate practices enjoy a bumper year, with the magic circle once again rising to the top

  • Katy Swaine: Release

    21-Aug-2006

    A 24-hour helpline, five outreach programmes and valuable drugs campaign work put Release's legal team at the sharp end of charity law. By Jon Parker

  • Latham focuses on India with Davis Polk raid

    22-Aug-2006

    Latham & Watkins has bolstered its Singapore office, adding Davis Polk & Wardwell corporate attorney Rajiv Gupta as of counsel as the firm moves to ramp up its offering to India.

  • Law Soc brings in work-based qualification

    21-Aug-2006

    The Law Society has proposed opening new routes to qualification.The alternative system would enable work-based learning centred on a new portfolio on which all trainees would be assessed. Trainees who wished to follow the new route would be able to register themselves with the Law Society's regulation board, then plan their own portfolio and training with a board assessor. The move is designed to address a shortage of training contracts.

  • Linklaters boasts most £1m-plus earners in City

    21-Aug-2006

    Linklaters has more partners than any other firm in the City earning in excess of £1m a year, exclusive research has revealed. The firm has a stunning 124 partners who pocketed upwards of £1m during the past financial year.

  • Linklaters to probe Interserve's £25m hole

    21-Aug-2006

    Linklaters to probe Interserve's £25m hole" /Linklaters has been appointed by Interserve to investigate a £25m hole in the company's accounts. Interserve has suspended six senior managers from its industrial services division, which has clients including Heathrow Airport and BP, after finding that "control ...

  • Lovells takes on Standard Chartered's bank venture

    21-Aug-2006

    Lovells has advised Standard Chartered (Pakistan) on its acquisition of an 80.9 per cent stake in Union Bank for $413m (£218.73m), marking the biggest deal in the Pakistan banking sector to date.

  • Martineaus wins £1.7m from landlord

    21-Aug-2006

    Midlands firm Martineau Johnson has received a £1.7m windfall from its Birmingham landlord following a breach of covenant.

  • MBR&M's triumphant triumvirate

    21-Aug-2006

    Mayer Brown Rowe & Maw is planning ahead with its innovative new 'office of the chairman', as first revealed on www.thelawyer.com (18 August).

  • Mergermarket sale provides rich pickings

    21-Aug-2006

    Nabarro Nathanson completed a great month for its corporate group as, along with Mayer Brown Rowe & Maw (MBR&M), Freshfields Bruckhaus Deringer and Tr

  • Milberg Weiss former name partner defects to A&O

    24-Aug-2006

    Allen & Overy (A&O) has boosted its New York litigation department, hiring former name partner of Milberg Weiss Bershad & Shulman Patricia Hynes.

  • Mills & Reeve turnover rise sees staff pick up bonus

    21-Aug-2006

    Mills & Reeve has treated all of its staff to a bumper £650,000 bonus pool this year after reporting a sharp 22 per cent rise in turnover to £49m.

  • Mishcons to introduce 'cradle-to-grave' bonus

    21-Aug-2006

    Mishcon de Reya is set to introduce what managing partner Kevin Gold has described as a "cradle-to-grave bonus system" at the beginning of its next financial year, in April 2007.

  • Morgan Lewis secures SunGard's legal chief

    21-Aug-2006

    The chief legal officer of SunGard Data Systems Larry Gross has joined US firm Morgan Lewis & Bockius after the software house was bought by a private equity consortium for $11.4bn (£6.02bn) in April.

  • Nabarros, Richards Butler get £221m sale

    21-Aug-2006

    Nabarro Nathanson and Richards Butler both advised on one of the biggest corporate deals in the publishing sector this year, Euromoney's £221m purchase of Metal Bulletin. Nabarros corporate partner Gareth Jones led the six-lawyer team advising Euromoney, while partner Hywel Phillips at Richards Butler advised client Metal Bulletin. Euromoney stepped in to take Metal Bulletin from publishing rival Wilmington ...

  • Online gaming companies have winning argument

    21-Aug-2006

    It appears that the online gaming industry cannot stay away from the headlines. The feeding frenzy following BetonSports chief executive David Carruthers' arrest was not dissimilar to the fascination prompted by the largest of the online gaming floats last year. There are those who suggest that this arrest spells the demise of the industry. This is highly unlikely.

  • Partner pay growth outstrips newly qualifieds' rate

    21-Aug-2006

    Despite recent moves to raise associate pay, the rate of increase in average partner profits in the UK's top 10 firms has outpaced significantly the growth in newly qualified salaries.

  • Partner profit increase outperforms associate pay

    21-Aug-2006

    Average partner profits have outstripped associate salaries over the last six years, according to new research by The Lawyer.

  • Patent offensive boosts David Grist coffers

    21-Aug-2006

    Bristol litigation firm David Grist Solicitors and St John's Chambers have both shared a £70,000 boost in fees this August after representing shoe distributor Heelys in an aggressive patent enforcement campaign.

  • Porsche turns to Blake Lapthorn

    22-Aug-2006

    Blake Lapthorn Linnell has won Porsche Cars GB as a client, advising the company on all its European events.

  • Premier tax barristers emerge as £2m elite

    21-Aug-2006

    Top tax barristers have become the premier league of the bar, with premier silks charging up to £5,000 an hour and £50,000 for a day-long conference.

  • Richards Butler HK equity pay halved

    21-Aug-2006

    Earnings for the top equity partners at Richards Butler's Hong Kong base are believed to have dipped from £3m to £1.25m over the past three years.

  • Salans guards against weak dollar with euro billing

    21-Aug-2006

    Salans is protecting itself against the increasingly weak US dollar by changing the majority of its offices' billing to euros.

  • Scorned beef sandwiches

    21-Aug-2006

    The prospect of a sandwich lunch in a meeting room never fills Tulkinghorn with joy, but his hopes were lifted recently on arrival to just such a lunch at Eversheds. A platter of sarnies was accompanied by a 'sandwich menu', promising such delights as chicken and parmesan on foccacia, or crayfish and rocket.

  • Sparks fly in DLA Piper-BLG Dixons battle

    21-Aug-2006

    A tug of war for electrical retailer client Dixons looks likely to break out between the rival IT outsourcing teams of DLA Piper Rudnick Gray Cary and Barlow Lyde & Gilbert (BLG).

  • Stock blot

    21-Aug-2006

    Stock options are turning out to be the new area of corporate controversy in the US, with manipulation verging on the illegal becoming rife. Michael Feldberg reports

  • Sullivan unseats Simpson Thacher at top of US M&A deals table

    21-Aug-2006

    Sullivan & Cromwell has knocked Simpson Thacher & Bartlett off the top spot for M&A transactions in the US, racking up a total deal value of $317.95bn (£167.8bn) for the first half of 2006.

  • Tax barristers gatecrash the bar's expanding £2m-a-year club

    21-Aug-2006

    The superstars of the bar are continuing to command extraordinary fees, with 18 commercial and tax silks understood to have earned more than £2m last year.

  • The BlackBerry buriers

    21-Aug-2006

    Earning pots of money is one thing, but how do you know when you've really arrived in the high-rollers' club?Tulkinghorn is referring of course to status, something not easily measured by a scale as obtuse as the equity spread.

  • The Lawyer UK 100: out 4 September

    21-Aug-2006

    The Lawyer is taking a holiday next week but will return on 4 September with The Lawyer UK 100 Annual Report - the definitive guide to the finances of the UK's 100 biggest firms, 30 leading chambers and leading international firms in London.

  • The work-life quiz peter stevens

    21-Aug-2006

    What was your first-ever job?Newspaper delivery boy.

  • Tods Murray lockstep overhaul gathers pace

    21-Aug-2006

    Tods Murray is gearing up for the election of its first remuneration committee in the autumn as part of the Scottish firm's ongoing overhaul of its lockstep system.

  • Toy story

    21-Aug-2006

    Last year it was children. For those with long memories one of Tulkinghorn's finest hours came when the great man decided to rank the UK legal market's best and brightest on a combination of money earned and offspring sired. The result was Tulkinghorn's inaugural 'Lawyer Offspring Survey', which produced the groundbreaking profit per child (PPC) index. The winner was Ashurst partner Ed Sparrow, who stormed ...

  • UK's richest lawyer faces Law Society ban

    21-Aug-2006

    The senior partner of Warrington firm Avalon Solicitors has emerged as the UK's highest-earning solicitor, taking home a profit in the region of £13m last year. But he is now at risk of being struck off due to his role in the controversial miners' compensation scheme.

  • UN pro bono scheme settles on directors

    21-Aug-2006

    Advocates for International Development (A4ID), the City pro bono initiative dedicated to the UN's Millennium Development Goals, has confirmed its board of directors: Chris Marshall, an assistant in the dispute resolution group at Richards Butler, will chair A4ID and lead its trade practice team; Richard Leese, a litigation partner at

  • Unclear power

    21-Aug-2006

    The future of nuclear power in the UK is a contentious issue and the recent Energy Review has done little to clarify things for lawyers, says Paul Ryan

  • United States

    21-Aug-2006

    Transatlantic relations are under pressure. As Deputy Prime Minister John Prescott criticises US handling of the Middle East, UK in-house lawyers are running scared over the prospect of the long arm of US law.

  • US invasion sees rise in £1m partner club

    21-Aug-2006

  • Vinge hire kicks off Cederquist growth

    21-Aug-2006

    Swedish firm Cederquist has hired the managing partner of Vinge's Brussels office to kick off a major expansion push.

  • Waste opportunities

    21-Aug-2006

    Radioactive waste is a major concern with nuclear energy, and strict legal control on any future solutions will be needed to deal with it. Matthew Williams and Lis Blunsdon report

  • Watson Burton chief emerges as Newcastle's top legal earner

    21-Aug-2006

    Watson Burton chief emerges as Newcastle's top legal earner" /Watson Burton's Andrew Hoyle is the best-paid lawyer in Newcastle, The Lawyer UK 100 Annual Report 2006 survey reveals.

  • Wealth club's new member

    21-Aug-2006

    Money, money, money. Go on, admit it, you’ve been gagging to know all the little nuggets revealed in The Lawyer’s very first Money Issue. The UK’s richest lawyer last year was Andrew Nulty of Warrington’s Avalon Solicitors. You might well ask: “Who?”

  • Web week 21/08/06

    21-Aug-2006

    The Lawyer's Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week's blogs. If you want to direct us to useful links, email webweek@thelawyer.com.

  • Weil wins battle for war crime witnesses' anonymity

    21-Aug-2006

    New York-based firm Weil Gotshal & Manges has submitted a successful amicus curiae brief defending the safety of war crime witnesses and their families.

  • WSmiths

    21-Aug-2006

    Duncan Smith has barely had time to pause for breath since he set up WSmiths five years ago. In that short space of time the firm has grown from a one-man outfit to a firm with 13 lawyers. It now has three offices in the British Virgin Islands (BVI), Hong Kong and Uruguay and a turnover in excess of $5m (£2.64m).