22 January 2007
Speak to most managing partners of top 50 firms and they will wax lyrical about 'competency frameworks' that they are rolling out for their associates. Most programmes are variations on a theme: band associates by experience, then for each band have various soft skills that are expected.
Clausen Miller has hired senior solicitor Celso de Azevedo for its London office. De Azevedo, who specialises in South American reinsurance and marine practice, joins from Eversheds.
BPP Law School has joined forces with a law firm for the first time to launch a groundbreaking diversity initiative.
Pinsent Masons has completed its first piece of work for new client Alliance & Leicester after winning a pitch to advise on a telecoms outsourcing deal for the group with BT.
It's all kicking off in New York. Yesterday, Simpson Thacher & Bartlett cunningly stole a march on its Wall Street competitors by raising associate salaries by 10 per cent to $160,000. (That’s £81,000 in real money.)
Linklaters' 'realignment'" /When Tony Angel steps down as managing partner he will have presided over a revolution at Linklaters that has influenced the way in which global law firms operate for ever.
AOL is set to complete the restructuring of its 22-lawyer in-house legal team by the end of February, coinciding with the financial close of the final leg of its three-part, $1.96bn (£1bn) European disposal.
Appleby Hunter Bailhache has launched an office in Mauritius, the firm's fifth offshore location. The two-partner outpost is expectedto deal primarily with African and Asian-focused funds, with India a particular target. The office will open for business in February with Mauritius partner Gilbert Noel and Malcolm Moller, who is transferring from Appleby's Bermuda office. It will also include two associates ...
ASB Law is celebrating its biggest deal to date after advising First Choice Holidays on its £120m takeover of Salford-based hotel booking website LateRooms.com. The firm, led by corporate partners Helen Mead and Matt Newman, advised its longstanding client as it did when the tour operator purchased Travel Class last year. LateRooms, owned by private equity firm ECI Partners, was advised by Eversheds ...
As 2006 turned into 2007, the assault by UK firms on the Indian market continued unabated as pressure for the deregulation of the legal industry grows. Pundits have been kept guessing as to when exactly this deregulation will take place, but with yet another taskforce on the plane seemingly every other week, the signs are that the day of reckoning is approaching with increasing pace.
Confidential and legally privileged material belonging to the Campaign Against the Arms Trade (CAAT) has been leaked to BAE Systems, ahead of CAAT’s court battle with the government.
King & Spalding has bolstered its burgeoning Dubai operation with the hire of three associates from US rival Baker Botts.
Baker & McKenzie has strengthened its ties with cosmetics company L’Oreal after winning a trade mark battle in the Court of Appeal.
The Bar Council has kickstarted a consultation into new arrangements for handling fee-sharing under the current legal aid reforms.
Bird & Bird is hiring international partners at a rate of more than one a month, the latest being the appointment of Araoz & Rueda finance partner Andres Lorrio.
Blackstone Chambers scored a landmark victory today for Nomura as the Court of Appeal rejected all grounds of appeal in a long-running six-figure sex discrimination case against the bank.
Barlow Lyde & Gilbert (BLG) has bagged a three-lawyer team from international law firm Gide Loyrette Nouel for its expanding aerospace division
Barlow Lyde & Gilbert (BLG) is undergoing a substantial overhaul, with the restructuring and expansion of its commercial litigation team along with the revival of its recently scrapped outsourcing practice.
Midlands firm Browne Jacobson has launched a specialist emergency services group for 'blue light' clients in the fire, ambulance and police services. The new team will seek to align 35 lawyers practising property, employment, commercial, property litigation and liability law. The group is led by environmental and governance partner Richard Barlow, who explained that emergency services faced specialist ...
Cadwalader Wickersham & Taft has scored a High Court victory for the bond insurer in the ongoing Eurotunnel restructuring dispute.
CMS Cameron McKenna has overhauled its equity partnership, introducing a new level of salaried partner.
When CMS Cameron McKenna last made a lateral hire, managing partner Dick Tyler told The Lawyer that the firm’s all-equity partnership was “a big carrot” in attracting laterals.
Thanks to Clifford Chance's Marcus Hannah for pointing out the 'deliberate' mistake in last week's diary page:"Dear Tulkinghorn, I wanted to express my surprise that the new Slaughters wind turbine appears to be on the roof of the Clifford Chance office in Coleman Street. Is this a carbon-neutral partnership of which we have not been told?"
Clifford Chance’s US partner in charge of pro bono has slammed the US attorney general Alberto Gonzales, who recently blamed law firms for the delay in bringing Guantanamo inmates to trial.
Clifford Chance partner Warren Feldman came out all guns blazing today. See story
Clifford Chance is the first UK-headquartered firm to raise its associate base salaries in America.
The interest in the mainland China and Hong Kong legal markets continues unabated. Earlier this month (www.thelawyer.com, 12 January) Clifford Chance boosted its mainland corporate China practice by hiring four associates to its Shanghai office, driving forward its ambitious plan to double in size ...
M&A transactions in China have a few more layers then practitioners in the West are used to. Franki Cheung and Erik Leyssens report
Transport logistics company Christian Salvesen has restructured its in-house legal department to better split the focus between commercial and company secretarial duties.
The Citizens Advice charity has slammed reforms to the legal aid system, claiming they will deny legal assistance to thousands of vulnerable people.
Lawyers have raised serious concerns about the workability of the new Fraud Act, just seven days after it came into force.
The rush by Russian companies to list in London is benefiting US firms.
The Law Society has awarded all five of the College of Law's branches top marks after a recent assessment visit.
The Competition Commission (CC) today released the first comments from its investigation into supermarkets and has said that it will not tolerate an abuse of dominant position.
Dewey Ballantine is the first US firm to announce that its recent pay hike for associates will apply firmwide, including in London.
DLA Piper's Sheffield office is to host former US vice-president Al Gore at a climate change conference in the city next month.
Ah, the perils of the double negative. Hogan & Hartson London managing partner Garry Pegg had clearly been spending too long in an over-lawyerly meeting when Tulkinghorn asked him how he was the other day."Not unsatisfactory," replied Pegg. "Actually," he admitted, "I once said that to one of our partners in New York. He asked me, 'Is that good?'."
US private equity specialist Dow Lohnes has picked up its second high-profile media and communications deal in as many months, with the New York Times Company's $575m (£292.85m) disposal of its broadcast arm to private equity house Oak Hill Capital Partners. Dow Lohnes picked up an instruction from Oak Hill Capital, while US firms Covington & Burling and Morgan Lewis & Bockius were joint legal ...
Philadelphia-headquartered Duane Morris has confirmed its intention to open in Vietnam, becoming only the second US firm there. The firm is to launch offices in Hanoi and Ho Chi Minh City by March.
The European Commission has meted out its biggest-ever fine against a single company for cartel involvement by landing German conglomerate and Gleiss Lutz client Siemens with a €396m (£261m) penalty.
City insurance boutique Elborne Mitchell has snared first-time instructions from North Korean dictator Kim Jong-Il.
Freshfields Bruckhaus Deringer’s finance team has been rocked by the departure of three partners.
Eversheds is turning the tables on its clients with a training course on how they should manage their panels.
Fifa has fired its top lawyer in charge of marketing contracts, after a New York district judge ruled it had acted wrongly in sponsorship negotiations with MasterCard.
Freshfields Bruckhaus Deringer is close to completing a major overhaul of its support services teams.
Partner departures have in recent months become a regular feature of life at Freshfields Bruckhaus Deringer, with several leaving 65 Fleet Street to take advantage of favourable pension terms.
Fulbright & Jaworski’s London office has promoted its first associate to the partnership after 30 years in the capital.
Rumours that Dewey partners were deserting the firm like rats were flying around last week, despite the firm having broken off relations with Darth Baxter at the last minute two weeks previously.
Following her appointment as chair of the General Counsel 100 (GC100), National Grid general counsel and company secretary Helen Mahy has told The Lawyer that the lobby group will be expanded to include company secretaries.
GE Commercial Finance has named Lorna Curry as the replacement for Kevin Dunn, the general counsel for European corporate finance. Dunn has been promoted to European head of leveraged finance.
Clifford Chance is embroiled in controversy as one of its Frankfurt-basedpartners faces the prospect of criminal charges. Corporate partner Kersten von Schenck is to face the German publicprosecuter later this year. In 2003, Schenck who acted as notary to Deutsche Bank, shredded the firstdraft of the meeting notes, which related to the bank’s Annual General
Lord Goodhart QC has been elected the chair of the council of Justice, a human rights organisation.
Canon Europe has taken a wide-angled lens approach to business on the Continent. Joanne Harris asks general counsel Gordon Stewart how the legal team found its focus
The government has responded to the judicial review threat hanging over the Serious Fraud Office (SFO) that alleges its decision to drop a BAE-Saudi Arabia investigation was unlawful.
Last week the Government announced a new initiative aimed at making the UK the world leader in terms of carbon offsetting schemes. But it appears Simmons & Simmons needs no such help.
The Guardian News and Media (GNM) group's legal department is set for a massive restructuring of its legal department, which will lead to expansion and the team splitting into two legal divisions. The newly created divisions will be headed by director of editorial legal services Nuala Cosgrove, who will report directly to the editor Alan Rusbridger and Sarah Davis, who, as director of commercial legal services, will report to managing director of GNM Tim Brooks. The in-house group will ...
West Coast US firm Heller Ehrman is set to launch an office in London with three of its own partners, after failing to secure a UK merger.
West coast firm Heller Ehrman has pulled off the hire of former PricewaterhouseCoopers global general counsel, Lawrence Keeshan, tempting him out of reitrement.
Herbert Smith has moved to fill the gap left by Dundas & Wilson’s raid on the firm for property litigation head Martin Thomas, promoting an internal candidate who has been partner for less than 12 months.
London-based Horsey Lightly Fynn has promoted Nick Cockcroft as its new managing partner. Cockcroft joined the firm early last year to develop its corporate and commercial practice after working as head of private equity at Pinsent Masons in Birmingham. He also previously headed Beachcroft's corporate practice in Bristol.
Once again The Hot 100 celebrations last Tuesday (16 January) took its place high in the running for party of the year. The glittering Royal Exchange was the high-ceilinged venue and by 7pm the former trading floor was crammed with Hot 100 stars past and present.
Inchcape's UK office has appointed two new members to its executive committee, including Claire Chapman from Reuters, who joins as general counsel and group company secretary.
LeBoeuf Lamb Greene & MacRae's Paris office has continued the European hiring spree the firm has enjoyed of late, adding its first dedicated real estate lawyer with the hire of Linklaters associate Valérian Conrad-Bruat as counsel. The hire comes as the Paris office moved to larger premises over the weekend to accommodate the growth spurt that has seen the firm add former
Dewey Ballantine London-based capital markets rainmaker Camille Abousleiman has quit the firm for LeBoeuf Lamb Greene & MacRae. The move continues the exodus of key Dewey partners surrounding the failed merger discussions with Orrick Herringtn & Sutcliffe. Abousleiman and capital markets colleague Louise Roman Bernstein are both joining LeBoeuf, with Abousleiman heading London capital markets. They both specialise in emerging markets.
Linklaters favourite falls short in race for top job" /The battle to replace Linklaters managing partner Tony Angel has taken a surprising turn as the frontrunner, banking head John Tucker, has been dropped from the race.
Marks & Spencer (M&S) has ramped up its legal department with two crucial hires that will put the team at the centre of chief executive Stuart Rose's new expansion strategy.
City stalwart Macfarlanes will boost its trainee recruitment rate by 20 per cent in the next year as part of a recruitment strategy that will focus on entry-level lawyers rather than partner hires.
Macfarlanes has made a rare lateral hire by poaching public law partner Ian Ginbey from Jones Day.
Grave charges indeed have been levelled at the New York office of Wall Street stalwart Sullivan & Cromwell.
Leeds-based sports and media specialist McCormicks is to split following a management buy-out by six equity partners to form their own practice.
McDermott Will & Emery has lost its head of pensions and incentives, Danny Tsang, to the London office of Kirkpatrick & Lockhart Preston Gates Ellis (K&L Gates).
Like many international firms that rushed into the Italian market, McDermott Will & Emery had trouble establishing itself there. Its merger with respected Italian independent firm Carnelutti fell apart after two years, ending in October 2005.
Dewey Ballantine is facing a pensions deficit totalling $89m (£45.18m), The Lawyer can exclusively reveal.
Class action specialists Milberg Weiss Bershad & Schulman has lost another two partners, the heads of its competition team, to New York class action boutique Pomerantz Haudek Block Grossman & Gross.
New York firms Cadwalader Wickersham & Taft, Paul Weiss Rifkind Wharton & Garrison and Sullivan & Cromwell have moved quickly to match Simpson Thacher & Bartlett in offering pay hikes across all associate levels.Yesterday’s announcement from Simpson ...
The Olympic Delivery Authority (ODA) has started talks to devise a dispute resolution process in anticipation of a flood of legal challenges over the infrastructure for the 2012 Olympic Games.
Paul Hastings Janofsky & Walker’s has bagged an Orrick Herrington & Sutcliffe partner for its Tokyo office.
Bristol-based Osborne Clarke has appointed Simon Beswick as managing partner for another four-year term following an uncontested election.
Paul Weiss Rifkind Wharton & Garrison is being sued to the tune of $80m by a former Citigroup executive who claims the firm breached conflict of interest rules.
Equal pay litigation is likely to be a hot area for the public sector for the next few years, as previous decisions are appealed and new problems are uncovered. By Shirley Wright
Allen & Overy and Clifford Chance were no doubt relieved by an apology from Pentagon official Charles Stimson on Wednesday last week (17 January) after he suggested that corporate clients should boycott them.
One of Switzerland's largest firms, Pestalozzi Lachenal Patry, is locked in a dispute with one member of a group of five partners expelled last year over strategic and management differences.
Pinsent Masons has signed a three-year deal to farm out its bulk typing and transcription services to South Africa as part of a move to change the role of its secretaries.
The complaints of in-house lawyers are manifold, but chief among them is that they too often sit outside the decision-making within their companies. To be fair, their concerns have been justified in many cases. There are plenty of corporate horror stories that could have been avoided if the lawyers had been allowed in earlier.
With the use of private companies for public sector work, the tricky issue of insolvencies has been raising its head. Victor Tettmar reports on the issue of the taxpayer not only paying for poor service, but paying again to save the underperforming provider
Boom times are "in the rear-view mirror" and firms' corporate teams need to refocus as restructuring outfits, according to Cadwalader Wickersham & Taft.
Law students care about pro bono and are increasingly getting in on the act. The Lawyer investigates how youthful idealism can work in practice
The pace of change in public sector law is gathering, with shifts occurring both internally in legal teams and in the way in which they interact with each other.
The Court of Appeal’s will be forced to make redundancies during the next year due to financial restraints.
Herbert Smith has scooped Russia's leading tax lawyer in a dual raid on Salans' Moscow office at a time when tax issues are critical to corporations operating in the country.
Texas firm Andrews Kurth is to pay out $18.5m to settle with the Enron bankruptcy estate and stave off the threat of civil litigation from the company.
China’s emergence as a global player as heralded a reinvigoration of the Asian securitisation market. By Michelle Taylor
Simmons & Simmons has managed to retain its leading role on one of the Ministry of Defence’s biggest ever outsourcing deals, despite being booted off the panel last year.
Simpson Thacher & Bartlett has hiked associate salaries by 10 per cent as the battle for New York talent hots up.
Skadden Arps Slate Meagher & Flom's London office has scooped its first-ever mandate to advise Ford on its multimillion-pound disposal of the Aston Martin luxury car range.
General Electric (GE) has made an acquisitive start to the year, buying Vetco Gray from a private equity consortium for $1.9bn (£967.67m), as first reported by The Lawyer (15 January). In the UK the purchase was handled by regular UK and Europe adviser Slaughter and May, with relationship partner Frances Murphy leading on the US conglomerate's £2.1bn acquisition of the aerospace division ...
Chicago-headquartered firm Sonnenschein Nath & Rosenthal has made the first step of an ambitious growth strategy exclusively revealed in The Lawyer by opening an office in Silicon Valley in March.
Stibbe is launching what is thought to be the first MBA designed specifically for the needs of an individual law firm in Europe.
Stringer Saul and Reed Smith have taken the lead roles on the proposed sale of SkyePharma's legal injectables business in a deal expected to be worth in excess of £41.8m. The firms advised longstanding client SkyePharma on the disposal of DepoBupivacaine to Blue Acquisition Corporation. Stringer Saul, led by partner June Paddock, acted on the UK aspects, while Reed Smith dealt with the US issues. An ...
A host of US firms, mainly New York-based, rushed to increase their US associate salaries last night.
Manchester-based firm The Hardman Partnership was founded by managing partner John Hardman in 1993. The firm has since grown to eight assistants and two partners and has developed from providing predominantly corporate and commercial advisory work to branching out into a wider range of practice areas.
Barristers hoping to take silk felt the pressure over the Christmas period by the need to prepare for the current selection wave. Launched on 12 December 2006, the process was originally meant to give them around a month to prepare, but that deadline has since been extended by two weeks. Even so, preparations have been tight. Candidates need to tee-up ...
Clarke Willmott's revolving door still spinning
What was your first-ever job?Data checker at OE Mcintyre in Liverpool.
Norton Rose dispute resolution partner Philip Reed has left the firm to join Threadneedle Investments, the UK's fourth-largest retail investment funds manager, as general counsel. The general counsel position is a newly created role for the company that will have board influence and will oversee the combined legal and compliance functions - a total in-house team of 32. Mark Cooper will remain head ...
The Linklaters managing partner race is really hotting up. As we reveal today in The Lawyer, former frontrunner John Tucker has dropped out as the international board narrows the candidates down to two: capital markets head Nick Eastwell and corporate partner Simon Davies.
You are the new policeman on the block and you want to come across as a caring and sharing regulator. What better way of kicking off on a high note than coming up with a hot 'new' business development opportunity for solicitors?The Solicitors Regulation Authority's (SRA) populist proposal to open up higher courts to all solicitors is one that should, ...
Worrying times for general counsel in the US. In a week when Computer Associates ex-general counsel Steven Woghin was sentenced to two years in prison for his role in a scheme to artificially boost quarterly revenue statements through backdated sales contracts, several others have had the spotlight turned on them as the stock options scandal rushes on.
Recruitment is tough for US firms eyeing Spain, but it's well worth the effort, says Ben Moshinsky
Vinson & Elkins has moved to bolster its London-based corporate finance and securities practice with a raid on US rival Shearman & Sterling.
North East firm Ward Hadaway has boosted turnover by 18 per cent at the financial mid-year point.
Newcastle-based Watson Burton has hired the operations director of the National Federation of Builders, the construction industry trade federation.
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Wedlake Bell has successfully defended the Badminton World Federation (BWF) after a bitter membership dispute between the sport’s governing body and the Russian Badminton Federation.
White & Case lost its legal challenge to avoid extradition to the United States for retired businessman Ian Norris on charges of price-fixing and obstructing justice.
Current changes to Chinese employment law look set to improve relationships between workers and their bosses - although the inevitable bones of contention remain. Andreas Lauffs and Jeffery Wilson report
Experts have warned that one-third of office staff admit to gambling online during working hours costing businesses £300m in lost productivity. Exclusive research produced by Tulkinghorn shows that lawyers are among the worst affected.