23 May 2005
Allen & Overy (A&O) has called on its fellow City firms to join a new scheme in which the interest on client accounts is donated to prop up the increasingly thin civil legal aid budget via the London Legal Support Trust. "We expect this new avenue for raising funds to generate donations from Allen & Overy in excess of £200,000 over the next three years," comments senior partner Guy Beringer. "We hope ...
Hello! lawyer slams OK! Magazine for 'grand folly' after Court of Appeal ruling
The Law Society's handling of consumer complaints came under renewed fire last week as the Legal Services Complaints Commissioner published the findings of an audit report into the issue.
Norton Rose's securitisation group has resigned for Baker & McKenzie (B&M), leaving the top 10 firm with no capital markets capability at partner level in London.
In their first interview since they joined Herbert Smith, Murray Rosen QC and Ian Gatt QC argue that the in-house silk model is here to stay. By Jon Robins
Beachcroft Wansbroughs has made five associates partners and promoted 19 assistants to associate status. Chris Doran is being made up in the construction team, while Campbell Dye becomes a commercial litigation partner. Insolvency specialist Giles Hindle has also been promoted, along with Helen Faulkner in the professional and financial risk department and Corinne Slingo in the clinical risk team. The firm recorded an 8 per cent turnover growth to £88m and expects a profit rise of around ...
Human rights specialists Birnberg Peirce and Brick Court Chambers' Sir Sydney Kentridge QC have won a European court victory for a Kurdish leader sentenced to death in Turkey. The European Court of Human Rights found that Abdullah Ocalan's sentence amounted to inhuman treatment. The court also said that his right to a fair trial had been violated and said a retrial would be an appropriate form of redress. It directed that costs of e120,000 (£82,500) be paid to Ocalan's lawyers. First ...
Taylor Wessing and Barlow Lyde & Gilbert (BLG) have brokered an amicable settlement in relation to a pensions dispute between Crédit Lyonnais and Watson Wyatt.
Berwin Leighton Paisner (BLP) has fought off competition from Speechly Bircham to win Israeli company Metal-Tech as a new client.
The MyTravel case saw the court steer bondholders to fall in with the group's restructuring package. Zubin Randeria reports
The Centre for Effective Dispute Resolution (Cedr), which trains mediators and runs industry mediation schemes, has announced an initiative to encourage people from ethnic minorities to train as mediators within the civil justice system. The announcement was made on 14 May at the Minority Lawyers' Conference at the Law Society in London.
Reynolds Porter Chamberlain (RPC) has appointed two new partners to its corporate group. Oliver Bray and James Mee joined the partnership on 1 May. Bray, a specialist in branding and advertising law, joined RPC from Pinsents in 2003, while Mee practised at Freshfields Bruckhaus Deringer ...
Clifford Chance Italy managing partner Nick Wrigley has thrown his hat into the ring for the post of global head of corporate - ensuring that Clifford Chance has a contested election for the first time in three years.
Cleary Gottlieb Steen & Hamilton has scooped a €7bn (£4.82bn) deal advising new client AEM on its acquisition of Italian energy company Edison.
Clifford Chance’s revenues have slumped for the third year in a row, with gross fees down to £915m.However, the magic circle firm has posted a profit rise of almost 15 per cent for the last financial year, suggesting that its war on costs has paid dividends. The firm’s provisional results show average profit per equity partner (PEP) at £644,000, up 14.6 per cent on the previous year’s ...
Clyde & Co is moving into the railway sector with the hire of an insurance partner from Halliwells. Partner Victor Rae-Reeves starts work at Clydes today (23 May) with the aim of building up the firm's expertise in a growing area of insurance law.
Cobbetts has made two new appointments to its growing Manchester social housing department. Trowers & Hamlins assistants Sarah Hodgson and Catherine Wormleighton are both joining, with Hodgson becoming a partner. The social housing team now has seven partners and 14 associates and assistants. It acts for landlords and local authorities across all areas of the practice. Hodgson said the move ...
The College of Law is to open a new branch in Moorgate to run its new bespoke City LPC courses.
Having tried it on with Bird & Bird, Olswang and SJ Berwin among others, Orrick finally found its London mate last night. And it ended up with Coudert Brothers' London office. Orrick may not have pulled the most glamorous firm, but at least ...
Orrick lands eleven partners in massive cross-border London and Moscow raids; Coudert defectors slam low global profits
Coudert Brothers has called in one of New York’s fiercest litigators to advise it on the departure of the 12 London and Moscow partners who quit for Orrick Herrington & Sutcliffe last week.
Unfamiliarity with a 2002 EC regulation means European insolvencies remain fraught with difficulty. David Mohyuddin reports
DLA Piper brings ex-RBS, Virgin lawyers into the fold" /Two senior in-house lawyers have resurfaced at DLA Piper Rudnick Gray Cary after three months in the wilderness.
Dundas & Wilson managing partner Chris Campbell has quit the Scottish firm to join the Royal Bank of Scotland (RBS).
Euroclear's group general counsel Kristen Geyer is leaving the European securities clearing house and returning to the US for family reasons.
DLA Piper (no prizes for correctly guessing that the Rudnick Gray Cary wouldn't even see out the year) rose to the challenge magnificently last Wednesday (18 May) at its annual understated results jamboree.
Farrer & Co has scooped a role advising organic chocolatier Green & Black's on its first major corporate for almost six years.
Earlier in the year, Samantha Roberts, the widow of the first UK soldier to die in action in Iraq, won her long campaign to force the Ministry of Defence (MoD) to accept liability for her husband’s death. “There were lots of things happening in Iraq that were avoidable, even in a wartime situation,” comments Geraldine McCool, a partner who specialises ...
Freshfields Bruckhaus Deringer partner Sandy Shandro has replaced Peter Bloxham as head of restructuring and insolvency. Shandro has been chairman of the Insolvency Committee of the City of London Law Society for the past two years and co-chaired the INSOL congress in Sydney this year. Bloxham, who has headed the group since its inception six years ago, remains in the restructuring ...
An international team from Freshfields Bruckhaus Deringer has scored a victory in a crucial arbitration between a US energy corporation and the Argentinian government.
Which Newcastle partner was so drunk at a firm party that he claimed to have no recollection of snogging his male assistant the night before?
The European Commission's Regulation on Insolvency Proceedings has been taken up in a number of cases. Lyndon Norley and Richard East report on how it has been interpreted
It's been a busy week for lawyers doing sporty things for charity. On Tuesday 10 May, a bunch from The City of London Solicitors' Company took part in a swimathon for the Lord Mayor's Appeal, organised by the Royal Institute of Chartered Surveyors.
The Financial Services Authority and Markets Tribunal has slashed the £1.1m penalty imposed on Legal & General (L&G) by the Financial Services Authority (FSA).
A dark-haired man is sleeping in a hotel bed. The plasma screen in the corner, the heavy gold curtains, the empty half-bottle of champagne on the floor: they all mark him out as an important man. A magazine, The Lawyer, lies open at the 'sits vac' page at the foot of the bed. He must be a solicitor. All is quiet, save for the soft rise and fall of the man's chest.
Clifford Chance has made a rare partner hire from a magic circle rival with the recruitment of Linklaters real estate expert Mark Payne.
Linklaters has arrested several years of indifferent financial results and is reporting a massive 22 per cent rise in profits this year.
Linklaters' Tokyo office has raided magic circle rival Clifford Chance, taking the firm's head of Asian capital markets.
Lovells is celebrating after advising Guy Hands' investment vehicle Terra Firma on Germany's biggest ever private equity deal.
The Government may be updating insolvency law, but unless it marries its new legislation with the existing regime, further reform will be just around the corner. By Richard Peat
Alternative career paths are all the rage these days, with high-flying lawyers losing interest in the law and heading off in other directions.
Dutch firm Van Doorne has raided the London office of rival Nauta Dutilh, hiring well-known banking and securites partner Dirk Blaisse.Blaisse, who began his career with the Dutch heavyweight in 1989, joins on 1 July and will become managing partner of Van Doorne’s London office. He has been a partner with Nauta since 1998 and has been based in London since 1996. Roel Botter, the head of Van Doorne’s banking and finance practice, said Blaisse’s exposure to the London market ...
New York capital markets rainmaker Rohan Weerasinghe has emerged as the official candidate for Shearman & Sterling’s forthcoming senior partner elections.
Iberia's use of structured finance capital markets could herald a new era for airline finance
Osborne Clarke has posted an impressive 27 per cent profit increase for the last financial year. Average profit per equity partner (PEP) at the Bristol-based firm has hit £360,000, up from £303,000 the previous year, while revenues at the firm rose by 8 per cent to £67m. The results follow a period of tight financial management, which saw radical cuts to the firm's cost base, including a wave of ...
Pillsbury Winthrop Shaw Pittman has hired seven attorneys from Houston-based environmental boutique Campbell George & Strong.
Pinsent Masons has lost its entire Brisol-based real estate practice to South West firm Clarke Willmott.
Slaughter and May is doing its damndest to shed its stuffy image. Last week one of Tulkinghorn's scribes was hauled in to meet partners Christopher (Chrissie Boy) Saul and Andrew (A-Man) Ryde for a top-level, full and frank discussion. The topic: the merits of Rick Astley's Never Gonna Give You Up.
Sources close to Malcolm Glazer have moved to play down the burden imposed on Manchester United by the controversial payment in kind (Piks) notes used by the Floridian businessman to finance his bid for the club.
Reynolds Porter Chamberlain (RPC) has poached a Pinsent Masons partner to boost its regulatory and brokers team. Insurance restructuring partner Miriam Bartlett has been hired to help RPC cope with an increasing flow of corporate insurance work. Bartlett's clients include ING, which she advised ...
J Sainsbury's head of group legal services David Thurston has quit the struggling supermarket group after 18 years.
Living in Devon, making a pile and avoiding the crush of oiks on the Tube.
Shearman & Sterling's London office has scooped an instruction to advise the lead managers on the first Tier 1 issue of preference shares since the late 1990s.
His BT colleagues told him he was mad to join, but eBay UK legal chief Robert Miller is totally sold on the company. By Steve Hoare
SJ Berwin bags major Trocadero instruction" /SJ Berwin's real estate funds team is advising star fund manager Nicola Horlick on her bid for London's Trocadero centre. The firm, led by partner John Eldridge (left), advised on the establishment of Horlick's Bramdean Asset Management group. If successful, the ...
Speechly Bircham has become the latest firm to post record profits based primarily on a stellar performance by its property team.Average profit per equity partner (PEP) smashed through the £300,000 barrier, rising 40 per cent from £265,000 to £365,000, the firm’s best-ever performance. Turnover rose more modestly, up 16 per cent to £29m.Revenues from the property group increased as ...
Taylor Wessing is set to open in Italy by the end of the summer as the firm pushes through its ambitions to grow its international network.
After months of deliberation, the nominations are in, with only five weeks to go until the premier event in the legal calendar
Robert Kidby, head of internatiol property, Lovells
Personal injury specialist Lawfords is to dissolve its partnership on 1 July, The Lawyer can reveal.
Latham has recruited Barry Bryer, a partner in Wachtell’s corporate department since 1980, for its New York office.
Newcastle-based firm Ward Hadaway has predicted aggressive growth in its preliminary year-end results, with profit per equity partner (PEP) up 50 per cent on last year at around £350,000 and turnover up 17 per cent to £20.3m.
Watson Farley & Williams has announced modest year-end results with average profit per equity partner (PEP) rising by 9.3 per cent to £390,000.
Work-life balance is one of the main buzz issues - but does it matter to men? By Richard Collier
CMS Cameron McKenna has promoted Aberdeen partner Penelope Warne to lead its energy, projects and construction group following the departure of former head Mark Moseley.