21 January 2008
No sooner had Indian bank ICICI launched its UK operations than it got cracking on its US launch. UK legal head Priti Shetty is working with the ICICI management to recruit a seven-strong legal team based on the ground in New York.
Retired High Court judge Sir Peter Cresswell has been snapped up by commercial set 3 Verulam Buildings (3VB) as an arbitrator.
Commercial set 4 Pump Court has appointed Jeremy Storey QC and Nigel Tozzi QC as joint heads of chambers
Last week Tulkinghorn brought news of the humiliation experienced by trainees at the Leeds and Manchester offices of Eversheds, as they were strong-armed into an eye-watering 12-minute cover of Take That's Never Forget as an offbeat farewell to the firm's Leeds buildings. Dressed as choirboys.
The race for Allen & Overy's (A&O) future management is on, as a total of four candidates have stepped forward to take over the top two roles at the firm.
The future direction and management of Allen & Overy’s global litigation practice has been transferred to a new global steering group.
After the departure of Nineham, is Lovells a wounded animal?
What was your worst experience as a trainee?Being locked in the office with my supervising partner and his wife on a snowy Christmas Eve.
Withers has scored a Court of Appeal victory allowing Iran possession of 18 ancient artefacts taken from the country's tombs.
Arnold & Porter has snared the former general counsel of Body Shop and Gap to bolster its London corporate team.
Ashurst Germany has enticed a corporate counsel away from Hengeler Mueller, Slaughter & May’s German best friend.
Slaughter and May's best friends have welcomed the appointment of corporate head Chris Saul as the firm's next senior partner.
According to some, the onset of the Legal Services Act is an apocalypse on a par with the Big Bang. But could it be true that some lawyers are inclined towards exaggeration?
Bingham McCutchen's London office has announced a 4 per cent increase in turnover from $31.2m at the end of 2006 up to $32.5m at the end of 2007.
Berwin Leighton Paisner (BLP) has moved to establish new procedures to prevent a repeat of the errors that led to the resignation of real estate partner Vinay Veneik last week.
Three senior associates have quit Bristol firm Burges Salmon to launch niche agricultural property firm Loxley.
With its massive structured finance practice, layoffs at Cadwalader were not a matter of if, but when. The hard-nosed firm is reaping the credit crunch whirlwind
Clifford Chance is putting retiring partners firmly on its 2008 agenda after amending its pension package to remove all references to age.
The group, which is headed by competition partner Liz Morony and corporate partner Kathy Honeywood, has been established just weeks after the firm launched its lesbian, gay, bisexual and transgender (LGBT) network.
The new chairman of CMS Derks Star Busmann, the Dutch CMS firm, has thrown his weight behind plans to integrate the CMS alliance.
Work carried out by external cost assessors can be taken into account by firms calculating success fees on conditional fee arrangements (CFAs), the Court of Appeal has ruled.
Firms should take note of the Commercial Court's new - and hopefully improved - methodology, as it could soon be coming to a court near you.
The credit crisis marks a need for a return to the old school and tried-and-tested methods.
The most significant development is that, for the first time, the elite New York firm has appointed a London-based partner, Tom Reid, as chair of its international committee.
NEWCASTLE-BASED Dickinson Dees has won the mandate to sell the first-ever Ikea homes.
How do attitudes towards recruiting and retaining people with disabilities compare with gender and ethnic equality? Karin Pappenheim, CEO of Employment Opportunities examines the latest developments in diversity employment in the legal sector.
DLA Piper has boosted its Paris office with the hire of two partners from Denton Wilde Sapte’s French arm, marking the sixth partner hire for the branch this month.
Denton Wilde Sapte (DWS) has won a joint instruction from five central and local government bodies to help divide £160m of investment into Thames Gateway transport.
Lincoln's Inn-based Edwin Coe has taken on three non-equity partners to boost its non-core practices while at the same time developing its traditional areas of insolvency and litigation.
Eversheds has merged with parliamentary agents Rees & Freres to provide a one-stop shop for planning clients.
Now, why on earth is Eversheds snapping up a firm of parliamentary agents?
One year on, Eversheds’ Tyco deal is setting a standard that others are trying to follow. By Nina Goswami
Being self-confident and self-assured certainly comes with the territory of a legal career.
Field Fisher Waterhouse (FFW) has advised Croskeep on the purchase and management of the Maylord Orchards Shopping Centre in Hereford.
Art exhibitions, music festivals and ballet performances: generally the typical high-culture events that one expects law firms to fall over themselves to sponsor.
Third-party litigation funders and brokers seem to be flooding the UK market. But what is it about the local market that is causing others to enter the legal arena?
"We have a reputation for taking on cases that other firms can't handle," boasts Harris Cartier's chief executive Paul Norris, "and for taking them up to a satisfactory conclusion."
Christian Salvesen's group general counsel, Ed Peppiatt, is to step down next month.
As a result of associate pressure, last year many of the firm's associates received market-leading pay-rises as well as promotion to the newly created of counsel position.
FRESHFIELDS Bruckhaus Deringer's corporate practice is upping its focus on mobility as the internationalisation of the legal profession continues.
The Financial Services Authority (FSA) has launched its first criminal prosecution for insider dealing, accusing the former general counsel at telecoms company TTP Communications of profiting from insider information.
Texan firm Fulbright & Jaworski has increased its Middle East capabilities, hiring one partner and reassigning another to its Dubai office.
Yorkshire-based firm Gordons has recruited two partners and its managing partner Paul Ayre has vowed to join the cream of Leeds' crop.
Heller Ehrman has snared a Sidley Austin corporate partner to bolster its London corporate practice.
Herbert Smith won work on the sale of a Tyneside factory after a trip to Silicon Valley with alliance partners Gleiss Lutz and Stibbe.
The House of Lords will today begin hearing the case of Ian Norris, determining conditions under which a UK citizen can be extradited to the US.
In 2005, when gay rights campaign group Stonewall published its first Workplace Equality Index, six firms in the top 100 asked to remain anonymous, concerned about the implications of being associated with the list.
Ian Pittaway, senior partner at Sacker & Partners, the City's coolest pension specialist, says it is the very arcane nature of the firm's work that means it can flourish
Over the past decade or more, inward foreign investment (FDI) by foreign multinational companies has played a significant role in Ireland’s economic development.
The 2007 CEDR Audit suggests mediator pools are in danger of becoming stagnant as users learn how to mediate unilaterally. The forecast for 2009, however, looks more encouraging.
Technology boutique Kemp Little has helped to improve mobile phone coverage for people on the T-Mobile network, advising the company on an outsourcing agreement with Ericsson.
Atlanta-based firm King & Spalding has beefed up its London office with the addition of a partner and a counsel.
UK law firms made an estimated £1.2bn from the private equity sector last year, according to new figures released by British Private Equity and Venture Capital Association (BVCA).
The Law Society is set to meet Pakistan’s High Commissioner to call for the release of lawyers and judges imprisoned in the country.
Lawyers who rock25-Jan-2008The appointment of Chris Saul as Slaughter and May's senior partner has set tongues wagging in the legal market. Not least when he declared in his first interview as managing partner: "I want to make sure we have fun."
French independent Lefèvre Pelletier & Associés has hired the head of real estate from Berwin Leighton Paisner's (BLP) former US ally Kramer Levin Naftalis & Frankel.
Splits are often said to be “amicable”. For the lawyers at Anderson Kill & Olick, let’s hope it’s especially true in their case.
Linklaters’ shock ‘New World’ partner cull sparked by magic circle fight for supremacy
Several hefty litigations are kick-starting 2008, including mass claims such as Buncefield, The Accident Group and the dreaded bank charges. Add in the emergence of class actions, the expected fallout from Northern Rock and the credit crunch, and one can see why litigators are forecasting a busy year.
Terra Firma is set to become the sole defendant in the case brought by French Bank Ixis over the collapse of television rentals company Boxclever.
Lovells has created five new liaison groups to ensure that all staff have a direct line to central management.
Matthew Arnold & Baldwin (MAB) has hired Jay Das as a partner and planning and environment head from Beachcroft's planning team, where she was an associate.
Manches is set to pursue insurance magnate John Charman through the Bermudian Courts to recover the £48m he owes his ex-wife as part of their divorce settlement.
Caymans-based Maples and Calder and Channel Islands-based Carey Olsen are the latest offshore giants to team up following in the footsteps of Walkers and Mourant du Feu & Jeune, who are in merger discussions.
Mayer Brown is beefing up its restructuring and insolvency practice with the appointment of Allen & Overy (A&O) senior associate Ashley Katz.
UK FIRM McGrigors has elected corporate partner Richard Masters as its next managing partner, with the incumbent Colin Gray set to step down after two terms.
Nabarro has bagged its first major instruction from the Mayor of London's London Climate Change Agency (LCCA).
Eight French lawyers have left their firms to set up a corporate boutique called Redlink, consisting of five partners and three associates.
Marks & Clerk, the UK's biggest patent and trademark attorney firm, has appointed its youngest-ever chairman and committed to a strategy of international expansion.
The government’s equal pay programme for public sector bodies is at risk of being overwhelmed by discrimination claims.
It could be the dawning of a new era for Nixon Peabody. The US firm announced the election of New York-based finance head Richard Langan to managing partner, replacing the handsomely named Harry Trueheart III.
Norton Rose is leading a call for law firms to get involved with the UK Government's scheme to boost sustainable development and carbon market investment in Africa.
The Legal Practice Course (LPC) at Nottingham Law at Kaplan Law School has been given the highest grade by the Law Society.
CMS Cameron McKenna has hired Diane Gwynne as director of people and development, replacing HR consultant Barbara Capstick, who was interim head of the department.
A controversial bill to cap lawyers' fees at e70 (£53) per hour has been dropped by the new Polish government.
US firm Proskauer Rose has claimed that European legal systems will become Americanised during 2008.
Prudential general counsel Peter Maynard has replaced the National Grid general counsel, Helen Mahy, as chair of FTSE100 in-house group, the GC100.
HMRC has drawn up complex new guidelines that could slap income tax on late-night taxis home for lawyers and support staff, as first revealed on www.thelawyer.com (11 January).
Reed Smith has today secured its long-awaited deal to ramp up in New York with the hire of 55 lawyers from 120-lawyer Anderson Kill & Olick.
ISS does more than just clean - it manages whole buildings. And its expansionist attitude has driven general counsel Richard Reade to employ some help.
Russell Jones & Walker (RJW) is to outsource its family practice following the departure of head of private client and family Jeremy Abraham.
It is feared by lawyers as much as the dreaded Novovirus. Once caught, there's no escape.
United Company Rusal, the biggest aluminium producer in the world, has hired BP’s former Russian general counsel to head up its legal team.
Sainsbury's has discarded a host of firms, including Biggart Baillie, Dickinson Dees, Eversheds,
Salans has boosted its London office with the hire of corporate partner Rob Askew from US firm Hunton & Williams. Askew's practice focuses on equity capital markets, M&A and private equity, with an emphasis on advice to nominated advisers and brokers on AIM transactions. His appointment follows the promotions of 15 new partners at Salans, giving the firm a total of 176 partners.
Salans has launched an arbitration practice in London.
Two new programmes will be launched at the end of January with the intention of encouraging undergraduates and 13 to 17-year-olds from black and ethnic minority (BME) backgrounds to apply to law firms.
The Scottish Legal Complaints Commission (SLCC) has named its first board of commissioners with Scottish legal services ombudsman Jane Irvine as chair.
As Jim Rishwain gears up for a full-blooded attack on the UK market, it's fair to say that a level-head and a degree of tact are paramount to the future success of his firm.
The attorney general department's senior civil servant Jenny Rowe is to be the first chief executive of the new UK supreme court, the Lord Chancellor and Justice Secretary Jack Straw has announced.
Ninety-eight lawyers have been made up to Queen’s Counsel, the Lord Chancellor and Justice Secretary Jack Straw announced today (22 January).
Although the US's new energy bill offers some much-needed mandates for energy efficiency, targets for renewable energy fall disappointingly short.
The SEC is reeling after a second court decision dismissing allegations of hedge fund fraud.
Over the past decade London has maintained its pre-eminence as a centre for arbitration by offering a progressive and arbitration-friendly regime that allows the parties to agree how their disputes are resolved. Key to this was the enactment of the Arbitration Act 1996. The act put in place a clear framework, the object of which "is to obtain fair resolution of disputes by an impartial tribunal without unnecessary delay or expense".
In a world where law professionals are busier than ever, keeping one's knowledge base and skills set up-to-date is a challenge. With that in mind, firms are increasingly turning to e-learning to train staff.
Most people already know that the Chancellor’s pre budget report in October scored an own goal in its attempt to simplify capital gains tax. In the case of inheritance tax (IHT), a tax which given the cost of collection has more to do with politics than UK fiscal and economic need, the announcement of transferable allowances, for married couples and those in civil partnerships, has the appearance of a marginally benign, relatively pointless, headline seeking measure.
Last month President Bush signed the Energy Independence and Security Act of 2007. This apparently radical legislation will introduce many changes into the US energy policy, but does it go far enough? As this US Special Report argues, it is hard not to think that the US government has missed yet another opportunity to make its energy policy more forward-looking.
Touching the void
Savage will replace managing partner Michael Greville, who has been interim head since June last year after O'Melveny & Myers snared the firm's head of litigation David Kavanagh to head its own litigation group.
White & Case's London office has boosted revenue 37 per cent from $172.2m in 2006 to $235.7m in 2007 despite market volatility in the second half of the year.
Private client specialist Withers is to open in Hong Kong, focusing on cross-border legal and wealth planning.