21 May 2007

The Lawyer

  • Duane Morris seeks City suitor

    21-May-2007

    Philadelphia-headquartered Duane Morris was putting on its top hat, tying up its white tie and brushing down its tails last week, hoping to impress the City's glitterati in what might lead to the greatest transatlantic hook-up since Jones Day met Gouldens. (Or not.)

  • People

    21-May-2007

    US firm LeBoeuf Lamb Greene & McRae has recruited real estate partner Stuart Saft into its New York office. Saft joins from Wolf Haldenstein Adler Freeman & Herz.

  • A&O suffers Italian exodus to Linklaters

    22-May-2007

    The stream of lawyers leaving Allen & Overy’s (A&O) Milan office for arch-rival Linklaters increased with another banking associate making the move.

  • A&O ties help secure New Look auction instruction

    21-May-2007

    An old relationship has gifted Allen & Overy (A&O) a key mandate to advise on the auction of high street retailer New Look.

  • Addleshaws, DLA Piper land roles on Leeds Bradford Airport sell-off

    21-May-2007

    Addleshaw Goddard and DLA Piper have acted on the £145m sale of Leeds Bradford International Airport by five West Yorkshire councils.

  • Ashurst catches up with rivals' NQ salaries

    22-May-2007

    Ashurst has increased its associate salaries by 16 per cent to catch up with its City rivals.

  • Associated Newspapers settles over Knightley anorexia claim

    25-May-2007

    Schillings has scored a settlement for Hollywood star Keira Knightley over her libel claim against the Daily Mail over a story which suggested she was responsible for the death of an anorexic teenager.

  • Aussie law firm listed today; 8m shares traded

    21-May-2007

    Australian firm Slater & Gordon became the world's first law firm to float on a stock exchange today.

  • Bakers' corporate team sidesteps Linklaters to win Rio Tinto work

    21-May-2007

    Baker & McKenzie's London competition team has gifted the firm's corporate partners their first instruction from Rio Tinto.

  • Bar Council vice-chair wins judge's salary

    23-May-2007

    Vice-chair of the Bar Council Timothy Dutton QC will be the last in his post to work for free.

  • Bircham promotes seven to partnership

    23-May-2007

    London’s Bircham Dyson Bell has promoted seven lawyers to the partnership.

  • Bird & Bird launches Spanish employment team

    22-May-2007

    Bird & Bird has launched a Spanish employment practice with the hire of Uría Menéndez senior associate Daniel Cifuentes.

  • Blake's heaven

    21-May-2007

    The other day one of Tulkinghorn's scribes found himself with SJ Berwin senior partner Jonathan Blake discussing the topic of what were the most undesirable trainee tasks.

  • BLP's projects team dealt second exit blow

    21-May-2007

    Berwin Leighton Paisner's (BLP) projects practice has been thrown into disarray after it lost its second partner this year.

  • Burges Salmon posts 10 per cent growth

    21-May-2007

    Bristol-based Burges Salmon has increased turnover by 10 per cent, its year-end financial results reveal.

  • Camerons boosts newly-qualifieds' pay

    21-May-2007

    Associates at CMS Cameron McKenna were enjoying the firm's largesse as it upped newly qualified lawyers' (NQs) salaries by 18.5 per cent.

  • Charles Russell: Private life

    21-May-2007

    Charles Russell has never been easy to pigeonhole; new managing partner James Holder on why his firm isn't just about private clients and cathedral cities

  • Chelsea wins appeal over Mutu compensation

    23-May-2007

    Hammonds has won a victory for Chelsea Football Club against disgraced Romanian striker Adrian Mutu, who could be ordered to pay the club as much as £15m in compensation.

  • Cobbetts' PEP up by a fifth as mergers tell

    21-May-2007

    North West firm Cobbetts has announced an 8 per cent increase in turnover to £58.5m for the 2006-07 financial year.

  • Conyers hires QC for Cayman office

    21-May-2007

    Offshore firm Conyers Dill & Pearman has expanded its Cayman Islands operation with the hire of Nigel Meeson QC of Quadrant Chambers.

  • Covington leads banks through energy deals

    21-May-2007

    Covington & Burling has advised India's second-largest bank ICICI and Standard Chartered as lead arrangers for two large-scale energy projects.

  • Cripps boosts PEP by 23 per cent

    21-May-2007

    Kent firm Cripps Harries Hall has increased its average profit per equity partner (PEP) by 23 per cent. The firm's 2006-07 year-end figures show that PEP has risen by £36,000 to hit £191,000 from £155,000 in 2005-06.

  • Cuatrecasas looks to Herbert Smith to see how it's done in China

    21-May-2007

    Cuatrecasas has enlisted the help of best friend Herbert Smith to develop its China strategy, sending a senior associate to the UK firm's Shanghai office.

  • Dechert raises maintenance grants by 40 per cent

    24-May-2007

    Dechert has stunned its City rivals with a whopping 42.9 per cent hike in the LPC maintenance grants the firm pays to its future trainees.

  • Developer threatens DWS over land deal

    21-May-2007

    Property developer Crest Nicholson is suing Denton Wilde Sapte (DWS) over a property deal that has ended up in the High Court.

  • Dickinson Dees recovers with 14 per cent PEP rise

    25-May-2007

    Newcastle-based Dickinson Dees has posted a 17 per cent rise in turnover to £56m for the 2006-07 financial year along with a 14 per cent increase in average profit per equity partner (PEP), to £366,000.

  • Diversity debate needs diversity

    21-May-2007

    Is the diversity debate going off on the wrong tracks? Inclusivity and diversity are about ensuring that an organisation has a healthy mix of people who feel motivated to succeed, regardless of background. If people feel comfortable and valued in the workplace, they'll perform better.

  • DLA Piper boosts tax and hedge fund expertise

    22-May-2007

    DLA Piper has boosted its corporate practice with the additions of tax partner Richard Woolich and associate David Williams, who specialises in hedge fund formation.

  • DLA Piper fills overseas secondment gap

    22-May-2007

    DLA Piper is set to launch its first-ever international trainee secondment programme following revelations that it was one of only two UK firms that did not offer overseas secondments.

  • DLA Piper offers trainees the world

    22-May-2007

    It's good to see that DLA Piper has finally got its act together on overseas secondments. See story.

  • DLA Piper plays pro bono role in Cutty Sark preservation

    21-May-2007

    DLA Piper plays pro bono role in Cutty Sark preservation" /DLA Piper has helped to secure a lease for the trust preserving the Cutty Sark in Greenwich, one of the world's oldest ships and the only surviving 'tea clipper'.

  • DLA Piper pledges to hit back after Cutty Sark fire

    21-May-2007

    DLA Piper has pledged to "do whatever is necessary" to help The Cutty Sark Trust in the wake of the fire that has gutted the 19th century ship, including prosecution if the blaze turns out to have been started by arsonists, as police fear.

  • DLA Piper recruits Zeughauser partner for management team

    21-May-2007

    DLA Piper has hired Jolene Overbeck as global chief marketing officer from consultancy the Zeughauser Group, where she was a partner.

  • DLA Piper to roll out £10m financial reporting system

    21-May-2007

    DLA Piper is set to launch a bespoke global financials system designed to streamline reporting across the entire firm.

  • DLA Piper up in arms as Cutty Sark is set ablaze

    21-May-2007

    Tragic timing. The very day that The Lawyer pays tribute to DLA Piper's fine work in assisting the restoration of the Cutty Sark, one of the UK's most treasured vessels, the ship is gutted by what police fear was arson.

  • DWS reveals 6 per cent turnover rise

    23-May-2007

    Denton Wilde Sapte (DWS) has reported a 6 per cent increase in turnover, from £147.5m up to £155.7, for the 2007 financial year.

  • Employment

    21-May-2007

    Employment law is in a state of flux. There has been an onslaught of employment legislation, such as the new age discrimination laws and the Transfer of Undertakings (Protection of Employment) (Tupe) rules.

  • Employment: Care warn

    21-May-2007

    New legislation gives carers the right to request flexible working. Jane Moorman and Howard Lewis-Nunn on a case that could push the UK's laws even further

  • Employment: No smoke without fire

    21-May-2007

    The smoking ban may stop claims over second-hand smoke, but will the smokers themselves start claiming it's all too unfair? ask David Harper and Anya Switalski

  • Employment: When in Rome…

    21-May-2007

    Companies hoping to save money by outsourcing their operations abroad need to do their research, says Martin Warren

  • EU ministers thrash out Rome II regulation for non-contractual disputes in EU

    21-May-2007

    Agreement has been struck on the final shape of the long-discussed Rome II regulation, which establishes guidelines on choosing court jurisdictions for non-contractual disputes within the EU.

  • FFW, SJ Berwin get teeth into Hammer comeback

    21-May-2007

    Field Fisher Waterhouse (FFW) and SJ Berwin have clinched a new media client after raising Hammer Film Productions from the dead in a $50m (£325.24m) leveraged buy-in.

  • First sharia-compliant private equity fund goes way of Dechert

    21-May-2007

    Dechert" /Dechert has scooped a key role as lead adviser for the first sharia-compliant private equity fund, CMH Enterprise Fund I.

  • Fox Hayes growth sees turnover top £10m

    21-May-2007

    Leeds-based Fox Hayes has broken through the £10m turnover barrier for the first time, posting a 23.5 per cent increase in turnover of around £2m to reach £10.5m.

  • Freshfields acts for Ashley on Newcastle United bid

    24-May-2007

    Freshfields Bruckhaus Deringer has scored another key role on the latest Premiership football takeover, advising sportswear entrepreneur Mike Ashley on his daring £133.1m cash bid for Newcastle United FC.

  • Freshfields restructure: final bill to top £55m

    21-May-2007

    The cost of Freshfields Bruckhaus Deringer's restructuring has topped £55m, nearly 40 per cent more than was budgeted.

  • GE launches first European M&A panel

    21-May-2007

    UK and Continental advisers under microscope as US giant kicks off review

  • George Scott: Scottish Re

    21-May-2007

    After a recent investor cash boost Scottish Re's first UK in-house lawyer George Scott is happy to play his role in the reinsurer's return to prominence. By Nina Goswami

  • Global investment hits Herbies' profit

    21-May-2007

    Herbert Smith is predicting a drop in profit for the last financial year, while revenue looks set to rise by between 12 and 13 per cent.

  • Hammonds appoints Edwards as new Manchester head

    21-May-2007

    Hammonds has appointed a new head for its 26-partner Manchester office.

  • Hammonds, Chelsea and cocaine

    23-May-2007

    A nice win today from the strangely low-profile Hammonds: it's just acted for Chelsea FC in getting compensation out of £15m striker Adrian Mutu, binned in 2005 after he tested positive for cocaine. See story.

  • HBJ takes over Boyds as expansion gathers pace

    21-May-2007

    Anglo-Scottish firm HBJ Gateley Wareing has merged with Glasgow and Edinburgh firm Boyds Solicitors, the firm's second merger in as many months.

  • Heller completes first deal since London launch

    23-May-2007

    Heller Ehrman has completed its first major deal in London since opening for business in the capital in February, floating internet search engine Blinkx on AIM.

  • Herbies lays down the law on diversity

    21-May-2007

    It seems not everyone at Herbert Smith was enthusiastic about the firm's diversity initiative. So much so that, when the firm began its diversity training for partners, it had to make it compulsory. So said partner Martina Asmar, head of inclusivity at the firm, at The Lawyer conference on diversity on 16 May.

  • Jeffrey Green partner launches boutique

    21-May-2007

    Hilmi has left the firm to launch new boutique Partners Legal. Hilmi, whose primary focus is on investment and development work, has worked on City property deals, including advising City Site Estates on its £55m acquisition of 51 Eastcheap from British Land and advising onHobhouse's £34.5m purchase of Hobhouse Court in St James's from the Crown Estate.

  • Jose Mourinho's dog finds a lawyer

    24-May-2007

  • JPMorgan to reward firms for diversity commitment

    21-May-2007

    JPMorgan is about to kick off its panel review, bringing in diversity as a criteria for UK law firms for the first time.

  • Judges absent from MoJ launch party

    25-May-2007

    The launch party for the Ministry of Justice (MoJ) on Wednesday night (23 May) had a few notable absentees – namely judges.

  • Judiciary sides with Winston Smith on new MoJ

    25-May-2007

    It was just like a teddy bears' picnic except with no teddy bears.

  • K&L gates scoops Devonport selloff

    21-May-2007

    Kirkpatrick & Lockhart Preston Gates Ellis (K&L Gates) has advised a consortium of companies on the sale of the entire issued share capital of Devonport Management.

  • Keeper's finders

    21-May-2007

    Apparently international firms are going to great lengths to make sure their top partners stay put and don't get lured by rival firms.

  • Kirkland opens inaugural trainee scheme in City

    21-May-2007

    Kirkland & Ellis is planning to offer training contracts in its London office, underlining the Chicago-based firm's commitment to the future of its UK practice.

  • Law firm chambers: the model setup for the 21st century or just a gimmick?

    21-May-2007

    Two years on and only one firm has followed Herbert Smith into the courtroom. Nina Goswami asks why

  • Law Society restructuring continues with management shake-up

    22-May-2007

    The Law Society has expanded it secretariat with the appointment of a new director of Law Society services and a communications director.

  • Lawyer's beef with burger

    21-May-2007

    Tulkinghorn's scribes are no strangers to luxury, having feasted on many a Ginsters Deep Fill sandwich over the years. But too much of a good thing and one can get spoilt.

  • Linklaters commits to Italy with London secondee programme

    21-May-2007

    Linklaters is preparing to welcome lawyers on secondment from its Milan and Rome offices for the first time in London as the firm's Italian expansion gathers momentum.

  • Linklaters London staff get small bonus hike

    24-May-2007

    Linklaters’ profit-related bonus has gone up by £100 to £2,500 this year.

  • Lovells' financial results underline poor year

    21-May-2007

    Lovells has been hit by disappointing financial results, with average profit per equity partner (PEP) rising by just 2 per cent and turnover increasing by 7 per cent.

  • Maclays opens Aberdeen private client arm

    21-May-2007

    Maclay Murray & Spens has launched a private client practice in its Aberdeen office.

  • Mayer Brown boosts London and Brussels with tax trio

    21-May-2007

    Mayer Brown Rowe & Maw has strengthened its corporate tax practice with the addition of two London partners and a Brussels-based tax adviser.

  • MBRM closes public law department

    24-May-2007

    Mayer Brown Rowe & Maw's (MBRM) last remaining public law partner has left. Anna Forge is set to join McGrigors next month.

  • MBRM names new chief for Chicago HQ

    21-May-2007

    Mayer Brown Rowe & Maw has appointed Frederick Thomas as the partner in charge of its headquarters in Chicago, while office managing partner Debora de Hoyos is to take a position on the firmwide management committee.

  • Mishcon snares Faegre employment head

    21-May-2007

    The London office of US firm Faegre & Benson has lost the head of its employment team, and its sole employment partner, to Mishcon de Reya.

  • Moore Blatch: look, no ands

    21-May-2007

    Will the name changes never end? Hot on the heels of Nabarro Nathanson's groundbreaking decision to crop its name to just Nabarro, and Lawrence Graham's even more radical 'LG', comes news of another revamp.Southampton's Moore & Blatch, in a canny spot of zeitgeist recognition, has also plumped for ...

  • Nabarro, travers bag rugby estates float

    21-May-2007

    Nabarro and Travers Smith have advised on the £50m London Stock Exchange float of the Rugby Estates Investment Trust. Formed to take advantage of the UK's new real estate investment trust (Reit) regime, Rugby Estates intends to assemble a portfolio of investment properties in the UK. It will acquire privately owned ...

  • Norton Rose boosts PEP to £500k despite investments

    21-May-2007

    Norton Rose has seen its average profit per equity partner (PEP) break the half-a-million mark for the first time.

  • OFT proposals risk disturbing the balance in damages claims

    21-May-2007

    On 18 April the Office of Fair Trading (OFT) published a discussion paper on the ways in which damages claims for breach of competition law could be encouraged. This follows a green paper on the subject published by the European Commission at the end of 2005.

  • Olswang beats FFW on trademark filings

    21-May-2007

    Olswang has leapfrogged Field Fisher Waterhouse (FFW) to become the UK's most active law firm for trademark filing, applying for 154 trademarks in 2006.

  • Olswang promotes five to the partnership

    21-May-2007

    Olswang has made up five new partners. They are real estate lawyers Julien Allen and Alan Karsberg, litigator Alex Gerbi, tax specialist Cliona Kirby and IP lawyer Stephen Reese.

  • Olswang takes real estate fund onto aim

    21-May-2007

    Olswang has advised real estate fund Dawnay Day Sirius on its €300m (£205.09m) admission to AIM. The company acquires large mixed-use commercial real estate in Germany to develop as workspaces. The IPO was targeted at both UK and international investors and should help the company build a target portfolio of assets worth up to €750m (£512.73m) over the next 12-18 months.

  • Partnership snub sparks mass counsel walkout at Shearman

    21-May-2007

    US firm Shearman & Sterling is struggling with an exodus that has seen nine counsel quit the firm since it introduced the role to reward associates who do not make partner.

  • Paul Hastings rolls out global secondment programme

    21-May-2007

    US firm Paul Hastings Janofsky & Walker is launching a secondment programme for its associates across the firm, starting with a pilot scheme this summer.

  • Peters & Peters advises Mourinho’s dog

    24-May-2007

    Peters & Peters partner Elizabeth Robertson has bagged the lead mandate in the fight over Chelsea manager Jose Mourinho’s dog, a Yorkshire terrier puppy called Leya.

  • Prentice slams firms' 'disgraceful' response to diversity reporting

    21-May-2007

    Justice Minister Bridget Prentice has once again called on the UK's biggest law firms to publish their diversity statistics, branding the response from the profession as "disgraceful".

  • Rosenblatt's MoD nuclear claim gathers momentum

    21-May-2007

    Rosenblatt Solicitors says it believes it has found "the silver bullet" that could pave the way for a multibillion-pound class action against the Government in relation to sailors used as human guinea pigs in nuclear tests in the 1950s.

  • Salans drops dollars to report in euros

    21-May-2007

    Salans is planning to change its reporting currency from dollars to euros next year in a bid to reflect the changing geographical coverage of the firm.

  • Schillings fights Mail over Knightley anorexia articles

    24-May-2007

    Media law firm Schillings sued the Daily Mail’s publisher for libel today (24 May) on behalf of Pirates of the Caribbean star Keira Knightley.

  • Settling the bill

    21-May-2007

    Law Society president Fiona Woolf is banging the drum for a radical shift of the legal market, but some firms have already changed

  • SJ Berwin hikes associate pay

    23-May-2007

    SJ Berwin has become the latest firm to announce its salary increases, with a 16 per cent hike to its newly qualified (NQ) rate.

  • Skadden and Cleary advise Nasdaq on OMX deal

    25-May-2007

    New York’s junior market Nasdaq has turned to trusted advisers Skadden Arps Slate Meagher & Flom to guide it through its $3.7bn offer for Nordic stock exchange operator OMX.

  • Slater & Gordon becomes first law firm to float

    21-May-2007

    Today (21 May) the world, or at least the world's legal market, has changed forever. While in the UK the legislative process rumbles onwards towards a post-Clementi world, lawyers on the other side of the world at the first law firm to get an IPO away are popping the champagne corks.

  • Staying competitive in the regions

    21-May-2007

    As the partner promotion season reaches its height, many senior associates, and indeed salaried partners, will be considering their options and possibly career moves.

  • Stones falters as reorganisation grips

    21-May-2007

    TURNOVER at South West firm Stones has remained all but static, inching up by just £100,000, from £7.8m to £7.9m, following a year of reorganisation.

  • Taylor Wessing rebuilds in Berlin with Graf raid

    24-May-2007

    Taylor Wessing has hired a team of four lawyers for its resurgent Berlin office.

  • The work-life quiz with Tom Brooke

    21-May-2007

    What was your first-ever job?A goatherd in the Massif Central, France.

  • Trowers reveals 21 per cent increase in turnover

    21-May-2007

    Trowers & Hamlins has boosted its revenue by more than a fifth, with turnover soaring by 21 per cent, from £56.4m to £68.1m.

  • Universal Pictures rejigs UK legal department

    25-May-2007

    Universal Pictures International Entertainment (UPIE) has restructured its UK legal team with the appointment of a new director and head of legal and business affairs.

  • Uría taps into Central and Eastern Europe with new Warsaw office

    21-May-2007

    Uría Menéndez is gearing up to launch its first new office in 10 years, targeting the Polish capital Warsaw as a foothold in Central and Eastern Europe (CEE).

  • Very similitude

    21-May-2007

    Tulkinghorn is aware that the vogue is for new job titles among the serried ranks of legal drones, but congratulations are surely due to the PR team at Leboeuf Lamb Greene & MacRae for coming up with yet another post.

  • Web week

    21-May-2007

    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.

  • Wedlake gives up fight over Cobbetts' City launch

    21-May-2007

    Wedlake Bell's attempts to disrupt Cobbetts' London office launch have failed after the firms' gardening leave dispute was settled out of court.

  • Weil Gotshal scoops £3.2bn Terra Firma mandate on EMI deal

    22-May-2007

    Weil Gotshal has snared a historic win advising Terra Firma on the £3.2bn takeover of music publishing giant EMI after a hard-fought auction.

  • Weil wins biggest deals on both sides of Atlantic

    22-May-2007

    Weil Gotshal & Manges scooped its second major private equity acquisition of a household name this week, advising Goldman Sachs on the $25bn (£12.6bn) acquisition of US wireless operator Alltel.

  • Wife keeps £48m Charman award

    24-May-2007

    Manches scored a first in English legal history when the Court of Appeal today (24 May) upheld the largest-ever contested divorce settlement.

  • Wife topping

    21-May-2007

    Shame on the anonymous tipster who pulled the plug on Ogier partner Gray Smith's hopes of concealing his budding TV stardom.