22 May 2006
High oil prices and a focus on diversifying is vying with capacity and cost issues in the Middle East's construction industry to create what promises to be an interesting year ahead for the region. Jeffery Barrett reports
Public law set 2 Harcourt Buildings has swooped on 3 Raymond Buildings for a four barrister team, strengthening its licensing and regulatory expertise.
You will have noticed something different about your copy of The Lawyer today. As we announced last week, we're launching a redesign.
Allen & Overy (A&O) has moved to address its lack of a sponsor finance practice by launching a push into the private equity arena.
Addleshaw Goddard's construction litigation team has beaten Norton Rose and two local firms to win a competitive tender to act for the Bulgarian Ministry of Transport and Communications.
Ex-Altheimer & Gray partner Jessica Learmond-Criqui is setting up a niche firm in London's Hampstead from 1 June. Learmond-Criqui left Altheimer after its collapse in 2003 and joined West End firm Collins Benson Goldhill as a consultant. An employment specialist, she will be practising alongside fellow employment practitioner Jeremy Sokel in a limited-liability partnership to be known as Learmond Criqui Sokel.
Tim Lawson-Cruttenden, the scourge of animal rights activists, has won another victory for Oxford University against protestors seeking to disrupt the construction of a new biomedical research centre.
The Lovells press party a couple of weeks ago continues to throw out nuggets of colour. Such as fragrant capital markets head Sharon Lewis, who apparently has one of the largest handbag collections in the City. One indiscreet lawyer Tulkinghorn was chatting to told him Lewis would think nothing of changing her bag several times a day to suit the occasion. Tulkinghorn, always ...
Caroline Rawes, head of HR, Linklaters
A recent diary piece appears to have ruffled a few rock 'n' roll feathers. Readers may recall a little piece that asked: "Which North East senior partner recently admitted that he used to manage The Undertones, Stiff Little Fingers and The Cure, but jacked it in after his dad told him to 'get a real job'?"Well, it unearthed one Andy Ferguson of Cracks 90, an artist management company, who says that, unless he is mistaken, it is he who manages The Undertones, and it always has been.
The Bar Standards Board (BSB) has appointed senior civil servant Robert Behrens as the new Bar Complaints Commissioner.
Beachcroft has radically revamped its remuneration system to better reward partners' performances, as it undergoes a cultural shift following its conversion to limited-liability partnership (LLP) status.
Barlow Lyde & Gilbert (BLG) is bracing itself for a drop in turnover, despite involvement in high-profile cases such as Equitable Life. Preliminary results for the past financial year showed that income was down by 2 per cent, meaning revenue dipped to around £78m after hitting £80m in 2005. Average profit per equity partner is likely to remain static at around £380,000.First revealed on www.thelawyer.com 18 May
South West firm Bevan Brittan and the South East's Blake Lapthorn Linnell have each promoted three lawyers to their partnerships.
Global industrial gases group BOC is to launch the UK's first-ever MBA specifically for in-house lawyers. It plans to begin the course later this year and will run the MBA in conjunction with other in-house legal functions to make the project viable financially. It has held discussions with potential course providers Ashbridge Business School and Henley Management College and will speak to universities and business schools.First revealed on www.thelawyer.com 18 May
Slaughter and May's best friend in Italy Bonelli Erede Pappalardo, has posted record figures breaking through the €100m (£68.2m) barrier.
TLT Solicitors has become the first of the Bristol-headquartered firms to announce its financial results and it has had a remarkable year.
Bristows senior partner David Brown has retired after 40 years at the firm.
Allen & Overy has been attacked by US firms as it tries to reform its partnership. But as its flagship banking group loses market share, is all this tinkering too little, too late?
Clifford Chance's management has underlined its war on costs with a dramatic reduction in non-fee-earning staff.
Clifford Chance and Speechly Bircham advised on Teletext's purchase of Data Media & Retail (DMR). DMR is the owner of a range of consumer websites, covering subjects including motoring, finance, classified listings and competition. Teletext is a member of the Daily Mail and General Trust group. Clifford Chance advised Teletext, led by the head of the firm's media group Daniel Sandelson. Speechly Bircham advised DMR, led by managing and corporate partner Michael Lingens.
Tulkinghorn has heard it on the grapevine that Brick Court is turning into something of a musical bunch these days.
City firms face the prospect of a year with no trainees after the Law Society refused to allow students unable to graduate because of striking lecturers entry onto the LPC or GDL.
Dubai's new Law Number 7 will revolutionise the emirate's property market and boost the demand for property finance, say Annette Byron and Joe Huse
The Company Law Reform Bill envisages major changes to directors' duties and the ability of shareholders to bring derivative actions against company directors.
Conyers Dill & Pearman has confirmed that it will open its Dubai office in July following its successful application for a licence from the Dubai Financial Services Authority (DFSA).
Denton Wilde Sapte has boosted its average profit per equity partner an astonishing 37 per cent due mainly to a restructuring of the firm’s property portfolio and the closure of its Asian offices.
South East firm Cripps Harries Hall has seen big fee income and profit increases following a year in which it restructured and brought in new management.
Newcastle-based Dickinson Dees has increased its turnover for the tenth consecutive year, hitting £47.8m.
Denton Wilde Sapte (DWS) has been accused of profiteering from political oppression in a case involving the prosecution of an opposition politician in Uganda.
Despite the region's continued economic growth and WTO and Law Society efforts at liberalisation, law firms wishing to expand into the Middle East will not be in for an easy ride. Martin Amison reports
Former Enron chief executives Ken Lay and Jeffrey Skilling have been found guilty of fraud.
Eversheds eyes Central and Eastern Europe" /Eversheds is considering a significant expansion of its international network during the current financial year, with Central and Eastern Europe pencilled in as the most likely new outposts.
North West firm Keoghs is ditching its company and commercial department after its head of corporate quit for Manchester rival Nexus Solicitors less than 18 months after arriving at the firm.
Internet travel company Expedia has lost corporate travel lawyer Flavia Richardson to online competitor Opodo. European general counsel Luisa Edwards said she intends to replace Flavia in the near future. Expedia has a four-person legal team split between London and Paris.
Anderson Strathern is in the throes of change, transforming from a traditional private client practice to a full-service firm in direct competition with the leaders of the Scottish market.
Less than a fifth of the top 100 law firms have complied with Department for Constitutional Affairs (DCA) demands that they publish diversity data on their websites.
South West firm Foot Anstey has seen its turnover shoot up by 27 per cent as it continues on its mission to become the premier firm in the region.
Freshfields Bruckhaus Deringer has lost a German competition partner to the Brussels office of US firm Howrey.
Gide Loyrette Nouel is responding to increased activity in China by flying its Turkish managing partner out to Beijing.
Spanish firm Gómez-Acebo & Pombo has absorbed the Madrid office of Mullerat, led by M&A partner Alberto Echarri.
Goodwin Procter also has its sights set on rising up the Am Law 100 rankings, but rather than utilising a management shake-up, the Boston-based firm has opted for good, old-fashioned rapid expansion. And it has raided Pillsbury to assist its plans.
Barrister Emma Dixon has returned to practise at Blackstone Chambers after four years working with the Government Legal Service (GLS). Dixon specialises in public law, human rights and environmental law. While at the GLS, Dixon helped develop and implement the employment directive and advised the Government on medical ethics. Dixon originally joined Blackstone ...
Italian law firm Grande Stevens has been caught up in one of the biggest football match-fixing scandals to hit the Italian league.
Hammonds has won an injunction for Uefa, in a key case that tested the Copyright Act's strength against internet pirate broadcasters.
HBJ Gateley Wareing has posted a record turnover of £31m on the back of its Anglo-Scottish merger at the beginning of the year.
Herbert Smith's finance chief Jason Fox is a man on a mission. He wants his group to be one of the top five finance practices "by brand and by turnover" in London by the end of his five-year term.
Herbert Smith and Slaughter and May have bagged the lead roles on the negotiations between insurer Resolution and Abbey over the bank's £29bn of closed life fund assets.
The London office of Hunton & Williams has doubled its turnover in a year, breaking the $10m (£5.3m) barrier and outstripping the firmwide performance of 9 per cent growth.
BVC students at the Inns of Court School of Law (ICSL) have been outraged after being told they will have to repeat a crucial advocacy assessment because of a technical glitch with the DVDs they were recorded on.
The world's biggest brewing company InBev has finished its first-ever global panel review, with Clifford Chance, Linklaters and Sullivan & Cromwell the firms on the podium.
San Francisco-based IP firm Townsend and Townsend and Crew was built on the back of the California gold rush, initially servicing goldmining clients. In the 100-odd years since, it has survived not only the end of the rush, but the great San Francisco earthquake of 1906 and the bursting of the dotcom bubble.
Irwin Mitchell’s turnover has grown by nine per cent to £111m after a consistent performance across the firm.
Kirkland & Ellis is hoping to launch an office in Hong Kong within a year, although the ambitious plans are still subject to regulatory approval.
The Law Society is beginning a programme of cost-saving redundancies, citing the results of a recent consultation as the catalyst.
LeBoeuf Lamb Greene & MacRae has made another lateral hire, recruiting a Linklaters partner into its project finance practice.
When LeBoeuf Lamb Greene & MacRae posted a £7m increase in London turnover for 2005, more than a few eyebrows were raised across the City. The reaction within the firm was not quite smug, but they certainly were not surprised.
Linklaters has scooped the lead advisory role on UK pharmaceutical giant AstraZeneca's £702m offer for Cambridge Antibody Technology (CAT) after Freshfields Bruckhaus Deringer was conflicted out of the deal.
Linklaters' average profit per equity partner (PEP) has broken the £1m mark for the first time following a staggering 26 per cent increase.
Olswang's equity club" /Only one of the lawyers that recently joined Olswang from London property boutique Kanter Jules has entered the equity.
Lovells has bounced back from its woeful 2004-05 financial results after reporting a whopping 40 per cent leap in profit.
Lovells has scooped an instruction from Equitable Life as it disposes of £4.6bn of its annuity business to Canada Life. It is a nice piece of work for Lovells, which has been steadily strengthening its relationship with the mutual for the past five years on non-contentious matters. The firm was first brought in to handle a compromise scheme for Equitable, replacing Denton Wilde Sapte as the group's main corporate counsel. The annuity sale follows the end of the litigation ...
It has been swings and roundabouts within the magic circle firms in the Big Apple over the past month. While Allen & Overy (A&O) and Clifford Chance reasserted their presences with more lateral hires, Linklaters suffered its first group defection.
Mayer Brown Rowe & Maw (MBR&M) will start the task of picking a new chairman on 1 June, but debate still centres on whether the firm should have one full-time chairman or two co-chairmen, who would continue fee-earning duties.
Mayer Brown Rowe & Maw (MBR&M) securitisation specialist Mark Nicolaides has left the firm after more than 20 years. It is understood that he is yet to sign with another firm but is in advanced negotiations about his next position. The reasons for his departure are unclear, but sources believe that Nicolaides left to seek a bigger platform for his practice. He has been based in Europe since the 1980s ...
Lawyers will be allowed to practice in partnership with other professionals within firms owned by non-lawyers under new legislation, it was announced today (24 May).
The Middle East is bracing itself for a wave of IPO activity with the opening of a new financial market and a relaxation of traditional barriers. James Robertson and Mustafa Hussain report
Milbank Tweed Hadley & McCloy and Davis Polk & Wardwell advised on the Rs270bn (£3.16bn) IPO of Reliance Petroleum - India's largest-ever IPO. Reliance has been formed to set up a petroleum refinery and polypropylene plant in the state of Gujarat and will comprise part of the world's largest oil refinery complex. Funding for the plant has been provided by Reliance Industries and institutional shareholders, with additional financing from banks and export credit agencies. ...
One of Tulkinghorn's scribes was idling away the time on a choo-choo from the sticks the other day when his attention was drawn to the chap opposite.
Spanish independent Mullerat is to dissolve after a crippling succession of partner losses.
Nasdaq looks to be the dark horse in the race for the London Stock Exchange (LSE), with arch rival the New York Stock Exchange (NYSE) trailing behind. The US technology stock exchange upped its stake in the LSE last week, purchasing two packages of shares to give it a 24.1 per cent overall stake. Skadden Arps Slate Meagher & Flom has taken the lead advisory role for Nasdaq, ...
Ofcom’s chief executive Stephen Carter has stepped down from his role, the Ofcom board has announced.
Orrick Herrington & Sutcliffe has come over all socially responsible and has launched an avian flu legal and communications management support service to help ease the minds of concerned clients.
Pannone has exceeded its turnover target for 2006, bringing in £39m for the last financial year after heavy recruitment.
Those golf-mad dudes at Bryan Cave recently headed west for the firm's annual partners' retreat in the US. Well, at least four of the London office's five UK- qualified partners did. Tulkinghorn hears that, as a relationship-building exercise, it fell some way short, at least for employment partner Sarah Linton, who would probably rather chew off her arm than try to sink a hole in one.
Allen & Overy has promoted three lawyers in Asia. James Grandolfo becomes a consultant in Hong Kong, while Simon Irvine and Ban Leong Oo become consultants in Singapore.Higgs Sons has hired Kelly Davies as an assistant in the family team from Spicketts.
Freshly merged Pillsbury Winthrop Shaw Pittman is hoping to ensure a more dramatic rise up the Am Law 100 rankings next year after taking the dramatic step of overhauling its management.
Royal Bank of Scotland's in-house overhaul has far-reaching implications for the bank's advisers, both in and out of house. Matt Byrne talks to RBS's legal chiefs about introducing a culture of relationship management
Reynolds Porter Chamberlain (RPC) has seen a slight rise in turnover, despite ditching a major client at the start of the last financial year.
While China's economy is rocketing towards G8 status, evidence shows that its attitude to human rights remains firmly in the developing world.
Lovells has been rocked by the departure of veteran corporate partner John Davidson to key client SABMiller. Davidson, Lovells’ relationship partner for SABMiller, joins the brewery group as company secretary and general counsel. He replaces current company secretary Andrew Tonkinson upon his planned retirement in August. Davidson’s departure from Lovells was announced internally today (26 May). It follows a spate of high profile partner losses, which include London-based ...
Lawyers have launched a torrent of criticism at the Prime Minister after he suggested that the Human Rights Act (HRA) could be amended to overrule court decisions.
Herbert Smith partner David Paterson/Tennant has broken new ground. He has seen documents no corporate lawyer has ever seen before. He has travelled through time and relative dimensions in space, in a wholly legal sense. He has a trusty assistant who does all the work. He smiles manically (possibly) and is occasionally seen with a sonic screwdriver and a robot dog (that ...
Scottish firm Shepherd & Wedderburn has posted robust financial figures for 2005-06, with annual fee income rising by 13 per cent to £34.6m.
SJ Berwin targets Taylor Wessing property hire" /SJ Berwin has moved to strengthen its real estate links with Germany by hiring Taylor Wessing partner Rob Thompson.
Solicitors want the Law Society to be a strong representative body over and above providing member services or influencing public policy, a profession-wide consultation has shown.
Speechly Bircham has seen its profit per equity partner (PEP) figure skyrocket by 27 per cent for 2005-06 to £465,000, while increasing its turnover by 17 per cent.
Stephenson Harwood has snared White & Case lawyer Mark Bisset for its London office as part of a push to boost its aviation practice. Bisset, a senior associate at White & Case, has joined the firm's banking and asset finance team as an aviation partner. The appointment is the fifth lateral hire for the ...
Bredin Prat, Cleary Gottlieb Steen & Hamilton and Stibbe have joined forces to represent Euronext which has been at the centre of a multi-billion bidding war by the New York Stock Exchange (NYSE) and Deutsche Borse.
Sullivan & Cromwell is looking to capitalise on the growth in London capital markets work by building an English law corporate practice.
Sullivan & Cromwell has won a trio of multibillion-dollar deals on consecutive days in the first week of May.
The UK's big-four supermarkets are expecting astronomical legal fees in the wake of the Competition Commission's investigation into the grocery sector.
It was the usual fun and games at the Clifford Chance partnership conference at the Marriott Hotel recently. Tulkinghorn's little helper donned a burqa to listen in on some of the sessions and can report that the most controversial moment of the weekend was David Childs' ban on partners watching the FA Cup Final. Happily, the firm managed to avoid a full-scale Hammersmith-style partner revolt by ...
Transport for London (TfL) has appointed Greater London Authority (GLA) head of legal Howard Carter as its new general counsel.
It is terribly fashionable now to back scientific research using animals. Even Tony Blair has signed up to an online petition in support of it, recognising that, under the right conditions, it is a vital tool for medicine.
Sharia-compliant finance vehicles are no fad and law firms would do well do acquaint themselves with the relevant Islamic laws, says Rahail Ali
Due to a technical error, Clifford Chance was omitted from the shortlist for Finance Team of the Year - Capital Markets/Structured Finance and Research in Motion was omitted from In-house TMT Team of the Year. This has now been corrected.
Ask your average Joe on the street what the Middle East means to them and they will probably answer "oil and war". But for the corporate world, the Middle East represents a massive market in various stages of emergence.
What was your first-ever job? I had a paper round when I was 12. It meant getting up at 6am every morning to deliver newspapers for £1 per week.
It's been six years since legal executives were first granted advocacy rights for county, magistrates' and matrimonial courts. Last week those rights were extended to criminal and youth courts and certain crown court cases.
UK law firms are the most confident about the year to come compared with US, Australian and New Zealand firms, according to a new worldwide survey.
End to Eversheds' lockstep could herald growth
Despite the troubled state of the US dollar, our friends across the pond still managed to outshine their UK competitors when the finalised financial results for the top 100 US firms were published last month.
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Revenues at Watson Farley & Williams have broken through £50m mark for the first time.
Withers and family law boutique Family Law in Partnership (FLIP) have won a landmark House of Lords judgment this morning (24 May) on behalf of two women claiming money from their husbands after divorce.