22 June 2009

The Lawyer

  • Ashurst’s corporate dept misses budget by 20 per cent

    22 June 2009

    Ashurst’s corporate practice missed budget by around 20 per cent for the last financial year, dropping to around £60m.

  • Canada Special report: Canadian shield

    22 June 2009

    Canada’s traditional cautiousness served it well when the crunch hit and its law firms are now taking advantage of their domestic clients’ newfound sense of adventure.

  • CC, Lovells lay groundwork as Segro sets sights on rival

    22 June 2009

    Clifford Chance and Lovells are involved in the preliminary stages of real estate investment trust (Reit) Segro’s proposed takeover of rival Brixton - a move that would create the largest industrial property company in the UK.

  • CMS toasts alliance’s first year as most members escape worst effects of slump

    22 June 2009

    A year after voting for closer integration, the nine firms in the CMS network have hailed the progress of the alliance a success.

  • Councils emulate private practice models in modernisation drive

    22 June 2009

    Local authority lawyers are embracing private practice methods as the sector faces increasing pressure to modernise

  • Dentons’ partnership shrinks by half-a-dozen

    22 June 2009

    Six lawyers have left the partnership at Denton Wilde Sapte across the banking, corporate, dispute resolution and tax departments since the end of March.

  • Dickinson Dees lures County Durham’s head of legal

    22 June 2009

    The interim head of legal at Durham County Council has left to set up a dedicated public law group at Dickinson Dees.

  • DLA Piper slashes 22 staff in Middle East

    22 June 2009

    DLA Piper has cut 9 per cent of its Middle East workforce in a second round of job cuts in the region. A total of 22 people, comprising one partner, eight fee-earners and 13 support staff, have been cut from across the firm’s offices in the region, with Dubai being hit with around a third of the total job losses. A spokesperson confirmed that notice periods varied on a case-by-case basis according to ...

  • DLA, White & Case Moscow offices stormed by police

    22 June 2009

    The perils of operating in the Russian market were highlighted last week when the Moscow offices of DLA Piper and White & Case were raided by government authorities.

  • Eversheds keeps South Central rail deal on track

    22 June 2009

    Eversheds advised the Department for Transport on its £534m South Central rail franchise, which has been awarded to Dickinson Dees client Southern ­Railways.

  • Focus: Greenberg Traurig Maher

    22 June 2009

    Finally, Maher gets to run his own show - with his name on the door. The best thing about setting up Greenberg Traurig’s European operation, says Paul Maher, is the ­autonomy.

  • Gibson Dunn wants its fill of Brazil

    22 June 2009

    Inherent cautiousness means new office is not the product of whimsy.

  • Govt schools body extends legal roster

    22 June 2009

    Partnerships for Schools (PfS), the public body charged with supporting the Government’s Building Schools for the Future (BSF) programme, has launched an expanded panel after placing costs at the centre of the review.

  • Growing football reputation puts Glazer cherry on top for Freshfields

    22 June 2009

    The Premier League continues to attract foreign investors in need of expert legal advice.

  • Hammonds refocuses on financials, global liaisons

    22 June 2009

    Hammonds’ London office has created the role of finance director in a bid to encourage better cash collection by partners, while also naming five international office liaison partners to improve communication and referrals throughout the network.

  • Hammonds shown half-time red card during Portsmouth FC talks

    22 June 2009

    The consortium attempting to take control of Portsmouth Football Club has dumped legal adviser Hammonds midway through the bidding process.

  • Herbert Smith’s retention rate slides

    22 June 2009

    Herbert Smith’s retention rate for trainee solicitors due to qualify in the autumn has dropped to 74 per cent. The top 10 law firm has confirmed that it is holding on to 48 out of 65 of its newly qualified (NQ) lawyers. In contrast, Herbert Smith’s retention rate for September 2008 and spring 2009 qualifiers was 89 per cent and 86 per cent respectively. A growing number of firms have reported plummeting retention rates as a result of the recession, including

  • Herbies and SJ Berwin lead on office sale

    22 June 2009

    Herbert Smith and SJ Berwin have advised on the £127m acquisition of Addleshaw Goddard’s City offices by Al Salam Bank and investment house Evans Randall from UBS Asset Management.

  • Linklaters scoops Community Mark

    22 June 2009

    Linklaters has followed up its success in the Business in the Community (BitC) CSR [corporate social responsibility] Charter by becoming the first law firm to be awarded the Community Mark. Linklaters was one of nine organisations to be given the award, which is assessed by BitC and endorsed by the Prime Minister. The firm spends 0.5 per cent of its pre-tax profit on community schemes, such as the ‘Link ...

  • Litigation funding Special Report: Fund fair

    22 June 2009

    Litigation funding is a complex market, but it’s up to solicitors to ensure they’re able to keep clients fully informed of what’s available.

  • Litigation funding Special Report: War chest

    22 June 2009

    The downturn has proved a fertile environment for the rise of litigation funders. James Delaney examines the evidence

  • Mayer Brown in advanced talks with A&O leveraged finance team

    22 June 2009

    Mayer Brown is in advanced talks with teams from several firms in London to significantly bulk up its capital markets and corporate practice groups in the City

  • Mishcon shifts family into private client

    22 June 2009

    Mishcon de Reya is to revamp its private client practice to bring its flagship family practice into the fold.

  • Monckton hikes turnover by a third

    22 June 2009

    Monckton Chambers has set the bar for other sets to beat after unveiling a 30 per cent jump in turnover to £17.2m at the 2008-09 year-end.

  • Opinion: EU red tape tripping up urgent environmental action

    22 June 2009

    Did you know that as a citizen of the EU it is almost ­impossible for you to challenge decisions made by community institutions in the European Court of Justice (ECJ)? This right is available to individuals and ­environmental organisations challenging decisions in the UK and much of the EU, but not the European Community.

  • People moves

    22 June 2009

    Allen & Overy (A&O) has boosted its IP litigation practice with the hire of Neville Cordell and Huw Evans as partners.

  • Pinsents – first firm to offshore work of qualified UK lawyers

    22 June 2009

    National firm to outsource litigation work to South Africa as offshoring revolution gathers pace

  • Profession welcomes mature students into ranks

    21-Jun-2009

    Many people in their 50s are just getting round to thinking about retirement. But Last Cawthra Feather trainee Steve Willey has other ideas. Willey, who bagged a training contract with the Yorkshire-based firm aged 56, is looking forward to qualifying as a solicitor specialising in employment law in March 2011.

  • Rio Tinto outsources legal work to India

    22 June 2009

    Mining giant Rio Tinto has embarked on an outsourcing project that will see part of its internal and external legal needs outsourced to India.

  • Simmons makes up four to partner

    22 June 2009

  • Slaughters seals £350m rights issue for Punch Taverns

    22 June 2009

    Slaughter and May has advised longstanding client Punch Taverns on a £350m rights issue, the ­second of its kind in the pub industry.

  • Southwark belles

    22 June 2009

    With a raft of issues in her own back yard, Southwark’s legal chief Deborah Collins keeps her team’s focus local.

  • Top London sets circle Singapore

    22 June 2009

    London set 20 Essex Street and members of Essex Court Chambers are in advanced talks to take space in Singapore’s flagship arbitration centre Maxwell Chambers, The Lawyer can reveal.

  • Tulkinghorn: Trick or treat?

    22 June 2009

    Lovells has long coveted magic circle membership and, while the firm’s not quite there yet, senior ­partner John Young has at least come close.

  • UK firms become Cape crusaders

    22 June 2009

    As a topic for conversation, legal outsourcing is as close to yawn-inducing as you can get, but if the IT speak is stripped away it’s clear that there’s something of a quiet evolution going on in the legal market

  • UK-US quartet advise on Barclays deal

    22 June 2009

    Clifford Chance, Linklaters, Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell have led on the $13.5bn (£8.20bn) sale of ­Barclays ­Global Investors to BlackRock.

  • Work Life Quiz: Andrew Owen, Leo Abse & Cohen

    21-Jun-2009

    Where’s the best place to go if youwant to find out what’s really going on in the office?To see the accounts girls.