22 September 2008
Bird & Bird has boosted its corporate and litigation practices, sealing a merger with 30-lawyer London firm Lane & Partners.
Allen & Overy (A&O) is to open its fifth German office in Munich next month.The new office will be headed by Shearman & Sterling’s current Munich chief Gottfried Breuninger, who is also Shearman’s global co-head of tax. He will join with Munich M&A partner Astrid Krüger, who was made up at Shearman in 2006.
Jams, the largest private provider of alternative dispute resolution (ADR) services in the world, is to open in London.
The City’s banks are clamouring for the cream of Lehman Brothers’ in-house lawyers, with many setting up special processes to deal with the demand.
US insurance giant AIG drafted in Sullivan & Cromwell to advise it on its $20bn (£11.23bn) lifeline from ;New ;York ;State regulators.
A&O senior partner David Morley has become the first lawyer on London Mayor Boris Johnson's International Business Advisory Council.
Ashurst advises CarVal on Lehman's £100m salary lifeline" /Ashurst has advised the lender on a £100m emergency loan that will ensure the London staff of Lehman Brothers get paid at the end of September.
Baker & McKenzie, Mayer Brown and Orrick Herrington & Sutcliffe are among the contenders to take large chunks of US firm Heller Ehrman, which announced plans to dissolve yesterday.
Cravath Swaine & Moore and Davis Polk & Wardwell won places advising on the creation of the $70bn (£39.29bn) liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse.
Blake Lapthorn Tarlo Lyons has dropped the ‘Tarlo Lyons’ from its title two years after merging with the London-based firm.
Birmingham City Council, the largest local authority in the UK, is set to launch a panel review to revamp its roster of 21 firms.
Bain Capital and Hellman & Friedman have turned to longstanding advisers for their joint acquisition of Lehman Brothers’ investment management unit.
Clifford Chance has hired a Linklaters capital markets partner for its Tokyo office.
Clifford Chance, Herbert Smith, Shepherd & Wedderburn and Slaughter and May have tied up the £12.5bn sale of power giant British Energy to EDF.
The Commercial and Chancery arena is in for a busy new term, with two of the biggest cases for this year starting in the courts – the Buncefield litigation and Tajik Aluminium.
Family lawyers are already seeing an increase in work as a growing number of women seek to secure assets as the economic boom turns to gloom.
What with all the talk of financial apocalypse, more and more firms are following their clients to emerging markets.
The race to become Ashurst senior partner is entering its final day today (Monday 22 September) as the firm’s partners conclude their voting.
Dispute resolution is set to rise sharply, according to four independent reports published this week.
DLA Piper is sending its Europe and Asia senior partner to the Gulf to marshal the firm’s expansion in the Middle East.
DWF has snared a six-partner insurance team for its fledgling London office from regional rival Weightmans, including London office head Mark Whittaker.
Fifteen-partner exodus proves last straw. By the time you read this, Heller Ehrman may be no more. Take a moment to absorb the news. Shed a tear, perhaps. As this column was being written last week, the beleagured firm was facing the prospect of liquidation as the rate of partners deserting the firm accelerated.
Eversheds hires Heller chief for Hong Kong" /Eversheds has recruited Heller Ehrman Asia chief Nick Seddon to launch an office in Hong Kong.
Reynolds Porter Chamberlain (RPC) has raided Field Fisher Waterhouse (FFW) for a four-lawyer team to ramp up its real estate group.
London firm Finers Stephens Innocent is set to cut more than a fifth of jobs in its real estate practice, starting a four-week redundancy consultation.
Kennedys senior partner Nick Thomas has been quick off the mark to react to insurer clients’ demands with a series of takeovers. And he predicts further consolidation to come in the sector
The discrimination claim filed by Field Fisher Waterhouse trademarks head John Olsen lifts the lid on a partnership riven with disputes over clients, money and status
Bar Council chairman Timothy Dutton QC is set to become Fountain Court Chambers new head of chambers, replacing Michael Brindle QC.
Freshfields Bruckhaus Deringer has launched an international arbitration group in its Washington DC office, transferring a Paris-based partner for the purpose.
Freshfields Bruckhaus Deringer has joined the raft of firms advising on Japanese bank Nomura's acquisition of Lehman Brothers' investment banking business in Europe, the Middle East and Asia.
Ashurst private equity head Charlie Geffen has won the race to succeed Geoffrey Green as senior partner, beating litigation partner Ed Sparrow to the job.
Halliwells has become the latest firm to launch a redundancy consultation across its real estate practice, potentially cutting as many as 40 staff.
Heller Ehrman has formed a dissolution committee to oversee the winding down of the firm which is due to start as early as today (26 September).
Heller Ehrman up for grabs 26 September 2008Some usual suspects are circling Heller Ehrman as the fire sale of its various practices kicked off in earnest after news of the West Coast firm's dissolution.
Yesterday the advocate-general to the European Court of Justice rejected the first major challenge to the right of employers to make people retire at 65. The Heday case, brought by the charity Age Concern, has been running since 2006 to clarify the laws governing age discrimination around retirement.
Lloyds of London's broker, Howden, has appointed Simon Gildener as a client-facing general counsel.
Lehman, AIG, Merrill Lynch, HBOS and, we are told, more to come. The recent acceleration of turmoil in international financial markets is a familiar, yet no less unsettling headline by now. Less reported, however, are the potential strains on insolvency systems around the world.
Irwin Mitchell managing partner Howard Culley has announced that he has decided to retire from the firm – just eight months after being re-elected to the role.
It’s no accident that the Chancery Division and the Commercial Court are separate entities – and that’s how they should stay, argues Geoffrey Zelin.
Commercial enterprises thrive on saving time and costs, which is why mediation is threatening to take over from traditional litigation.
Taylor Wessing has lost its court battle to prevent US firm Nixon Peabody poaching 13 partners from its Paris office.
New York-based Katten Muchin Rosenman has recruited bankruptcy specialist Ken Noble from Mayer Brown. Noble joined Katten on 16 September after 15 years at Mayer Brown, where he was a partner.
In-house lawyers in the United Arab Emirates (UAE) are being paid more than ever because of a lack of suitable candidates.
Much has been written over recent months about the prospects for a wave of credit crunch related litigation in London similar to that experienced in the US.
LG has entered into a redundancy consultation with 21 support staff, with the firm blaming “overcapacity” rather than wider market conditions.
Linklaters has finalised its 20-strong US team advising PricewaterhouseCoopers on the Lehman Brothers bankruptcy.
The Linklaters breakaway firm in Central and Eastern Europe is set to unveil an innovative structure to bring in capital investment when it launches in November.
It was Linklaters’ week. Landing the Lehman administration with PricewaterhouseCoopers (PwC) and two days later acting for Lloyds TSB on its rescue of HBOS would have sent those faltering utilisation rates through the roof.
Linklaters and Cleary Gottlieb Hamilton & Steen have each bagged their fourth major instruction in relation to the fall-out on Wall Street.
The sweet sound of good brandy splashing into a crystal glass is music enough to Tulkinghorn’s ears, but the managing partners of the UK’s biggest firms demand something a little louder. And clad in leather. Madonna, to be precise.
What was your first-ever job?Mr Whippy ice-cream salesman.
Manoj Ladwa set up MLS Chase in 2002 because he felt there was a gap in the UK market for a firm that focused solely on the Indian market. Since then India has become big business for City firms – but according to Ladwa his firm is still the only one that has a pure focus on the subcontinent.
Norton Rose has hired former DLA Piper head of private equity in Italy, Davide Proverbio. He will be based in the firm’s Milan office.
Newcastle firm Muckle has deferred the start date of its September 2008 trainees by a year.
The past decade has seen the North West’s six biggest firms open London offices in bids to develop national brands. But by moving away from their roots, are they inadvertently doing themselves a disservice?
Sixty-seven years on from its initial hearing in 1941, the epic Re Jahre litigation is nearing what could prove to be its last, decisive chapter. But don’t hold your breath.
A new report was published today assessing perceived corruption levels in 180 countries.
Like elsewhere in the country, a buoyant first half helped North West firms ride out the economic slowdown during the past six months.
Norton Rose bags Freshfields green adviser" class="inline_image inline_image_left" src="/pictures/web/images/13679_P5_nortonrose.jpg" /Norton Rose has poached Freshfields Bruckhaus Deringer associate Giedre Kaminskaite-Salters to head the firm’s regulatory and policy practice on climate ...
Calls for a merger of the Chancery Division and the Commercial Court have right – and the interests of litigants – on their side, says Lawrence Cohen QC
US firm Orrick Herrington & Sutcliffe and German firm Hölters & Elsing have sealed their merger after holding partnership votes last week.
The court system needs to address the high costs of lower-end commercial disputes if it wants to service the business community effectively.
The Professional Negligence Lawyers Association (PNLA) has launched the largest after-the-event (ATE) insurance group scheme outside of the personal injury sector.
Ashurst senior partner" /Ashurst's new senior partner elect, Charlie Geffen, said today that the future of Ashurst's business lies overseas, pledging a major expansion in Asia.
Ashurst’s senior partner elect, Charlie Geffen, said that the future of Ashurst’s business lies overseas, pledging a major expansion in Asia.
Linklaters bagged the biggest UK instruction on the Lehman collapse, advising four Pricewaterhouse-Coopers (PwC) partners on the administration of Lehman Brothers International (Europe).
Liverpool-based criminal chambers 25 Castle Street has been dissolved, leading to its 30 tenants being picked up by rival sets 7 Harrington Street and Chavasse Court Chambers.
While DLA Piper is riding out the credit crunch in Wembley Stadium, the firm’s nemesis, Eversheds, is getting its partners to make the music.
In these cost-conscious times, there’s a lot to be said for not splashing the cash unnecessarily. And Carol Hui, general counsel of road and rail infrastructure support services giant Amey, couldn’t agree more.
Television fans will be sad to see Dale Winton leave the medium to take a leap into the world of law.
Shearman & Sterling is seconding one of its London corporate partners to its Abu Dhabi office to strengthen its ties with sovereign wealth fund clients in the region.
Shearman & Sterling’s New York office advised longstanding client Merrill Lynch on its $50bn (£28.06bn) sale to Bank of America (BofA) over the weekend.
Finance remains the focus but grand plan to take on the magic circle bites the dust.
A team from Simmons & Simmons is advising hedge fund RAB Capital on the first of what is expected to be a series of cases against the European administrators of Lehman Brothers.
Skadden Arps gets Nomura mandate in Lehman Asia buy" /Skadden Arps Slate Meagher & Flom has advised Japanese bank Nomura on its winning auction bid for Lehman Brothers' Asian operations.
Slaughter and May has become the latest firm to target China’s fast-growing economy by announcing it is to open an office in Beijing.
Law firms in the South East and London have laid off more staff than those in any other region in England and Wales, with real estate departments bearing the brunt of the impact.
One of the lawyers charged with attempting to extort £4.25m for the safe return of a Da Vinci masterpiece has had his firm closed down and is being investigated by the Solicitors Regulation Authority (SRA).
‘Training contracts to face abolition from Law Soc’ was the headline run by The Lawyer’s student magazine Lawyer 2B in summer 2004. So you would be forgiven for thinking we have been here before.
Regular readers will know that Tulkinghorn’s scribes frequently see some rather strange sights at some rather strange parties. A Lycra-clad John Young suspended from the ceiling at a recent Lovells party springs to mind.
Sullivan & Cromwell and Munger Tolles & Olson have snared the lead roles on Warren Buffett’s $5bn (£2.7bn) cash injection in Goldman Sachs, announced yesterday (23 September).
Sullivan & Cromwell chairman Rodgin Cohen has landed a role advising JPMorgan on its acquisition of failed US bank Washington Mutual.
Law firms need to implement solid talent management schemes to get through the credit crunch intact – the main theme at a major London conference organised by The Lawyer.
The groans of the US’s fourth-largest bank and a Scottish heavyweight as they unceremoniously fall to their knees. The rustle of papers in cardboard boxes as they are carried through swishing revolving doors.
Tulkinghorn has often been described as dapper, even wearing nothing but a smoking jacket and a smile. But solicitors and barristers alike have been taking style to new levels.
Football fans have been amazed by the recent high-profile employment conflict between Kevin Keegan and Newcastle United, which resulted in failed late-night discussions at St James’ Park to convince Keegan not to walk out on his job.
Both America and Great Britain are perceived as becoming more corrupt, according to a new world ranking by Transparency International.
Sullivan & Cromwell chairman Rodgin Cohen has deservedly garnered headline after headline in recent weeks.
Ward Hadaway to cut 30 jobs, delay training contracts" /North East firm Ward Hadaway will make up to 30 job redundancies, and has deferred the training contracts of two of its 12 trainees by a year.
Willkie Farr & Gallagher's Frankfurt office has damaged Fried Frank's German presence with a star partner hire.
Wragge & Co to make 30 lay-offs" /Wragge & Co has launched a consultation to identify 30 redundancies across its Birmingham and London offices.