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.)
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.
The stream of lawyers leaving Allen & Overy’s (A&O) Milan office for arch-rival Linklaters increased with another banking associate making the move.
An old relationship has gifted Allen & Overy (A&O) a key mandate to advise on the auction of high street retailer New Look.
Addleshaw Goddard and DLA Piper have acted on the £145m sale of Leeds Bradford International Airport by five West Yorkshire councils.
Ashurst has increased its associate salaries by 16 per cent to catch up with its City rivals.
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.
Australian firm Slater & Gordon became the world's first law firm to float on a stock exchange today.
Baker & McKenzie's London competition team has gifted the firm's corporate partners their first instruction from Rio Tinto.
Vice-chair of the Bar Council Timothy Dutton QC will be the last in his post to work for free.
London’s Bircham Dyson Bell has promoted seven lawyers to the partnership.
Bird & Bird has launched a Spanish employment practice with the hire of Uría Menéndez senior associate Daniel Cifuentes.
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.
Berwin Leighton Paisner's (BLP) projects practice has been thrown into disarray after it lost its second partner this year.
Bristol-based Burges Salmon has increased turnover by 10 per cent, its year-end financial results reveal.
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 has never been easy to pigeonhole; new managing partner James Holder on why his firm isn't just about private clients and cathedral cities
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.
North West firm Cobbetts has announced an 8 per cent increase in turnover to £58.5m for the 2006-07 financial year.
Offshore firm Conyers Dill & Pearman has expanded its Cayman Islands operation with the hire of Nigel Meeson QC of Quadrant Chambers.
Covington & Burling has advised India's second-largest bank ICICI and Standard Chartered as lead arrangers for two large-scale energy projects.
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 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 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.
Property developer Crest Nicholson is suing Denton Wilde Sapte (DWS) over a property deal that has ended up in the High Court.
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.
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 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 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.
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" /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 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 has hired Jolene Overbeck as global chief marketing officer from consultancy the Zeughauser Group, where she was a partner.
DLA Piper is set to launch a bespoke global financials system designed to streamline reporting across the entire firm.
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.
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 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.
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
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
Companies hoping to save money by outsourcing their operations abroad need to do their research, says Martin Warren
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.
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.
Dechert" /Dechert has scooped a key role as lead adviser for the first sharia-compliant private equity fund, CMH Enterprise Fund I.
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 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.
The cost of Freshfields Bruckhaus Deringer's restructuring has topped £55m, nearly 40 per cent more than was budgeted.
UK and Continental advisers under microscope as US giant kicks off review
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
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 has appointed a new head for its 26-partner Manchester office.
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.
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 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.
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.
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.
JPMorgan is about to kick off its panel review, bringing in diversity as a criteria for UK law firms for the first time.
The launch party for the Ministry of Justice (MoJ) on Wednesday night (23 May) had a few notable absentees – namely judges.
It was just like a teddy bears' picnic except with no teddy bears.
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.
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 & 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.
Two years on and only one firm has followed Herbert Smith into the courtroom. Nina Goswami asks why
The Law Society has expanded it secretariat with the appointment of a new director of Law Society services and a communications director.
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 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’ profit-related bonus has gone up by £100 to £2,500 this year.
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.
Maclay Murray & Spens has launched a private client practice in its Aberdeen office.
Mayer Brown Rowe & Maw has strengthened its corporate tax practice with the addition of two London partners and a Brussels-based tax adviser.
Mayer Brown Rowe & Maw's (MBRM) last remaining public law partner has left. Anna Forge is set to join McGrigors next month.
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.
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.
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 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 has seen its average profit per equity partner (PEP) break the half-a-million mark for the first time.
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 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 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 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.
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.
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 partner Elizabeth Robertson has bagged the lead mandate in the fight over Chelsea manager Jose Mourinho’s dog, a Yorkshire terrier puppy called Leya.
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 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 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.
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.
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 has become the latest firm to announce its salary increases, with a 16 per cent hike to its newly qualified (NQ) rate.
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.
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.
As the partner promotion season reaches its height, many senior associates, and indeed salaried partners, will be considering their options and possibly career moves.
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 has hired a team of four lawyers for its resurgent Berlin office.
What was your first-ever job?A goatherd in the Massif Central, France.
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 International Entertainment (UPIE) has restructured its UK legal team with the appointment of a new director and head of legal and business affairs.
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).
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.
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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 has snared a historic win advising Terra Firma on the £3.2bn takeover of music publishing giant EMI after a hard-fought auction.
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.
Manches scored a first in English legal history when the Court of Appeal today (24 May) upheld the largest-ever contested divorce settlement.
Shame on the anonymous tipster who pulled the plug on Ogier partner Gray Smith's hopes of concealing his budding TV stardom.