23 October 2006
Irwin Mitchell has hired Lisa Pitts as a public law and human rights solicitor from Fisher Meredith.
A full quarter of 7 Bedford Row tenants are now silks after the civil and criminal set poached Hollis Whiteman Chambers fraud specialist Gareth Rees QC.
Tulkinghorn is delighted to flag up another charity event. On 23 November, in the common room at the Law Society, NGO and international network of lawyers Protimos will be putting on a quiz night in aid of its work in Southern Africa. Protimos uses law to protect the environmental and cultural rights of small communities in Southern Africa and South East Asia. It also provides legal and environmental education to communities to enable them to use the law for themselves.
Allen & Overy has lost its Turin office, after its final partner in the city Carlo Pavesio left the firm to set up his own boutique.
Contrary to expectation, Allen & Overy client Macquarie finally emerged triumphant in the long-running auction for Thames Water by German utilities group RWE. The favourite was Qatar Investment Authority and UBS, advised by Herbert Smith. By 10 October it had reportedly upped its bid to £10bn. Macquarie's successful offer included agreeing to pay £1bn for the utility and paying off £7bn of debt. ...
Slaughter and May, Allen & Overy and Davis Polk & Wardwell scored roles on the £1.21bn flotation of investment manager Ashmore, a new client for Slaughters, on the LSE. Corporate partner Jan Putnis led the team ...
Life sciences investment group Abingworth has hired a new general counsel, poaching John Heard from Intel’s venture capital arm, Intel Capital.
Non-contentious trademark issues are losing their appeal for magic circle firms. By Ben Moshinsky
With the help of general counsel Andrew Garner, ABP has successfully navigated its way through a stormy takeover. By Jon Parker
A&O rocked the City with the news that it was to hike associate pay and introduce bonuses. The Lawyer can now reveal how the City's finest measure up
Baker & McKenzie has broken the $1.5bn (£801.44m) revenue mark for the first time, placing it among the five largest firms in the world. Bakers' revenue hit $1.52bn (£856m) during the 2005-06 financial year, up by 13 per cent from $1.35bn in 2004-05. Meanwhile, net profit rose by an impressive 24 per cent to $565m (£318m). Chairman John Conroy attributed the results to a four-pronged strategy: ...
A high-powered working party has kicked off a review of access to the Bar, with the aim of increasing diversity among barristers.
Almost a third of the bar's biggest civil sets will pay pupil barristers £40,000 by this time next year as they keep up the heat on solicitor rivals in the war for young talent.
Slaughter and May moves in with best friends
Nottingham firm Berryman has elected a new managing partner.
BHP Billiton chief legal counsel and head of external affairs John Fast took a $300,000 (£160,000) pay cut this year, but still managed to rake in a package worth some $1.85m (£988,000), before long-term incentives.
Allen & Overy client United Biscuits has finally agreed to be sold to a private equity consortium comprising Blackstone and PAI for £1.6bn.The deal created roles for Freshfields Bruckhaus Deringer, which represented Cinven and MidOcean, the former co...
Berwin Leighton Paisner (BLP) has joined the wave of firms moving to bolster its financial regulatory capacity, hiring Hunton & Williams London financial services head Jonathan Marsh.
In line with many law firms, Norton Rose has had a chargeable-hours-based bonus scheme for associates for a number of years. About two years ago we amended the scheme to include an additional element called 'knowledgemanagement time'. This was intended to promote a greater investment of time ...
Brabners Chaffe Street has appointed corporate partner Mark Brandwood as managing partner of its Manchester office.
Many thanks to the wonderfully monikered Romana St Matthew-Daniel, press officer for the International Bar Association (IBA), for the classy response to a 2 October diary story on the organisation's latest get-together in Chicago.
Clifford Chance has confirmed Mark Campbell and David Dunnigan for another four years as heads of banking and capital markets respectively.
Clifford Chance has put regulation at the heart of its strategy as it rolls out its contentious and non-contentious practice across the globe.
With its crude, all-or-nothing approach, insurance law has come under the scrutiny of the Law Commission. Francis Mackie and James Heyhoe report
Clifford Chance, DWS handed roles on LSE sukuk flotation" /Clifford Chance and Denton Wilde Sapte (DWS) scored lead roles on the flotation of a $225m (£120.38m) Islamic bond, or sukuk, on the London Stock Exchange (LSE), only the second sukuk to have done so.
Clyde & Co has scored a European victory for a Lancashire dairy fighting for survival over its method of testing milk.
Clyde & Co has appointed Dominic Lee as its first managing partner of its growing Hong Kong and China practice.
Former Clifford Chance arbitration consultant Pierre Mayer has joined Dechert’s Paris office, rejoining his former Coudert Brothers partners.
Berwin Leighton Paisner (BLP) has claimed the moral victory, but still emerged with egg on its face after a spat with a former client ended up in the Court of Appeal.
Cuatrecasas has reshuffled its New York office management, bringing co-managing partners Víctor Xercavins and Javier Asensio back to Barcelona
Davies Arnold Cooper (DAC) has taken over Manchester-based construction boutique Moore & Co. Moores managing partner, Colin Moore and partner Phillip Fry join the new firm as equity partners. Moores, which has offices in Manchester and London, turned over £500,000 during the 2005-06 financial year. Clients include JCB, mechanical contracts company NG Bailey and Chester City Council. DAC also boosted its corporate group this month by poaching Winward Fearon's head of corporate David ...
Herbert Smith ally Stibbe's new shareholder activist group has got the firm terrifically excited. So much so that the other day it hosted a one-day symposium in Amsterdam to discuss the issues raised by the string of highprofile battles between major corporates and their shareholders.
DAS Legal Expenses Insurance Company has launched an extensive review of its legal panel, following the appointment of Kathryn Mortimer as its new head of legal services.
The management and executive committees of Dewey Ballantine and Orrick Herrington & Sutcliffe have recommended the firms’ merger to their respective partnerships.
DLA Piper has strengthened its EU competition and trade practice following the hire of the European Commission’s top trade negotiator.Miriam Gonzalez joins DLA Piper’s London office as a senior consultant. DLA Piper’s EU competition and trade t...
DWF has appointed its first head of private client in Manchester, poaching Emma Gaudern from Irwin Mitchell. Gaudern joins DWF's Manchester office as an associate and specialises in wills, tax planning and trusts, acting for individuals in receiverships and court protection matters. Gaudern joins from Irwin Mitchell, where she was an associate running the private client team. Gaudern told The Lawyer: "My move was really to move back into a firm which has a broader spectrum of ...
US-based oil, coal and utility companies are preparing to defend hefty lawsuits as trial attorneys in the world’s most litigious society launch class actions to sue over global warming.
In-house energy lawyers are among the best paid in the country, according a new salary survey that shows their average wage outstrips that of their counterparts in the banking sector for the first time.
Eversheds is the surprise inclusion on insurance giant Axa's first global legal panel.
Field Fisher Waterhouse (FFW) and the General Medical Council (GMC) have successfully fought for the regulator’s right to discipline expert witnesses after a Court of Appeal case.
A consortium of French legal organisations are fighting the French government over its implementation of a controversial money-laundering law.
Freshfields Bruckhaus Deringer's management has kick-started a radical partner de-equitisation programme in a bid to boost profit.
Freshfields Bruckhaus Deringer has lost IP/IT and litigation specialist Gerwin Janke, who is launching his own firm.
Fulbright & Jaworski has moved to expand its strong energy offering with the hire of Skadden Arps Slate Meagher & Flom energy counsel Brian Bradshaw.
The GC100, the body of general counsel of FTSE100 companies, will meet industry minister Margaret Hodge on Monday (30 October) to demand an explanation as to why last-minute disclosure clauses were added to the Companies Bill on 16 October without warning.
Slaughter and May has won a landmark, multi-billion pound battle in the House of Lords for client Deutsche Morgan Grenfell (DMG) to claim back taxes from HM Revenue and Customs paid before a six-year limitation.
UK partners are gearing up for the news of their firms' half-year results next week. Most are privately expecting a stormer while - publicly - cautiously predicting solid results.
Olswang's US alliance partner Greenberg Traurig is the latest firm to confirm that it is actively looking at launching a presence in China.
It was carnage on Essex Street last Monday (16 October) when a procession of freshly scrubbed and over-excited barristers trooped along to Westminster Hall to get silked.
Hammonds has hired another associate into the partnership as it attempts to bulk up following the torrent of partners leaving the firm.
Media firm Harbottle & Lewis is making hay as the West End musical scene shines. Partner Neil Adleman's theatre group was picked to lead on licence negotiations for Dirty Dancing, appearing across the table from big boys Sony BMG and film studio LionsGate.
Herbert Smith has won its first instruction from private equity house CVC Capital Partners through the firm's alliance with Stibbe, bolstering both firms' equity and capital markets practices.
Infrastructure deals continued apace with the £1.62bn takeover of Northern Irish electricity supplier Viridian by Bahraini private equity firm Arcapita Bank, with Herbert Smith and Linklaters benefiting. Corporate partner Anthony Macaulay led a team at Herbert Smith for Viridian, which owns Northern Ireland Electricity. The FTSE250 company regularly instructs Herbert Smith and
When it comes to screening fraudulent insurance claims, the personal injury lawyer is best placed to spot vital inconsistencies, says Mark Burton
The insurance market is in the midst of worldwide change, but London continues to be a leading centre for work. That means the UK authorities often turn their eye on the way the market operates.
The staff at leading Japanese law firms Nishimura & Partners and Asahi Koma Law Offices are mourning the death of legendary founder and senior counsel of Nishimura & Partners, Toshiro Nishimura, who passed away at the end of last week.
Judge David Mackie QC has been selected as the first head of the London Mercantile Court, which opened its doors last week (17 October) in an effort to resolve less complex cases more quickly. Mackie, the former head of Allen & Overy’s litigation practice before he became a judge two years ago, will head the new court which is situated at the Royal Courts of Justice. The London Mercantile Court has been established under new rules which came into effect on 1 October.
Latham & Watkins, France" /Politics matters in France, even for a US-headquartered firm as big as Latham & Watkins. It is, then, with no small interest that Latham's France managing partner Olivier Delattre is watching the French presidential and parliamentary elections.
While today's news of Latham & Watkins' low-key Spanish launch hardly compares to yesterday's Dewey Orrick scoop, it is encouraging for Latham.
Latham & Watkins is edging towards opening in Spain, and is in talks with Cuatrecasas corporate partner Jose Luis Blanco Ruiz for the launch.
Latham & Watkins, Clifford Chance and Bonelli Erede Pappalardo have all scored lead roles in the latest rejig of the Italian banking sector, which will see Banca Generali float for an estimated Eu1.5bn (£1bn) on the Milan bourse.
More than half the nation's law schools are now involved in pro bono work, new research reveals.
Field Fisher Waterhouse (FFW) has boosted its employment practice with the hire of partner Peter Holt from the London office of LeBoeuf Lamb Greene & MacRae. Qualified barrister Holt specialises in employment issues arising from PFI and public-private partnership matters.
Linklaters has continued its dominance of the mining sector, with the firm understood to be advising Peruvian silver miner Hochschild Mining on its proposed IPO and listing on the London Stock Exchange (LSE).
Linklaters’ New York office has continued its aggressive lateral hiring by scooping King & Spalding head of private funds and asset management in its New York office.
Groundbreaking new research by The Lawyer reveals that Linklaters offers the most generous associate bonuses in the City.
Linklaters has bolstered its Asian capital markets team, following an internal reshuffle of partners in the London and Hong Kong offices.
It's like musical chairs at Linklaters at the moment.
Ukrainian firm Magister & Partners and Russian litigation boutique Legas Legal Solutions are to unify operations from 1 November.
Manches Oxford IT head Christine Reid has left the firm to set up her own consultancy practice from home, prompting Manches to raid Burges Salmon for a new IT partner.
Birmingham-based firm Martineau Johnson has a new senior partner, electing head of funds and growth companies Roger Blears to the role.
US firm Milberg Weiss Bershad & Shulman, currently under investigation for alleged fraud, has lured a new senior partner from Fried Frank Harris Shriver & Jacobson to troubleshoot Milberg through its legal worries.
In an interesting development for Norwich-based Mills & Reeve, the firm has launched a general practitioner (GP) services group.
Mills & Reeve has overhauled its management team with new managing and senior partners.
There is a minor theme in this issue of The Lawyer, and it follows on from last week's stories on the A&O new bonus and career structure.
The departure of half of Norton Rose's Dubai partners to City rival Herbert Smith left the firm reeling last week, prompting banking head Stephen Parish to fly out to the Middle East on an emergency damage-control mission.
The most popular (by number of hits) story of today is news of Andrew Nulty’s escape from the long arm of the law.
Nottingham firm Berryman has launched a reorganisation and recovery team with two hires from HBJ Gately Wareing.
The Olympic Delivery Agency (ODA) has appointed projects and infrastructure expert Celia Carlisle as head of legal.
Eversheds' associated Irish firm O'Donnell Sweeney has hired Gavin McGuire as a partner from Barlow Lyde & Gilbert (BLG) to boost its corporate tax team.
Penningtons appoints employment head" /Penningtons has a new head of employment. Jon Heuvel, who became a partner at the firm in 2001, replaces incumbent Paul Hadow, who has retired after 30 years at the firm. Heuvel's practice includes contentious and non-contentious employment work including tribunal, ...
Eversheds" /Pinsent Masons has intensified its battle for regional talent with rival Eversheds, raiding its Manchester office for the third time in a year.
A European directive that would have forced AIM companies to disclose more financial information has been averted following successful lobbying by the Quoted Companies Alliance (QCA).
The merger between chancery sets 11 New Square and 11 Old Square in June this year saw another stage in the continued consolidation of the Bar. The combined set, Radcliffe Chambers, is the fourth-largest chancery set by size, with 46 tenants, and is aiming to grow in size and reputation over the next few years.
Reed Smith eyes Chicago with Sachnoff tie-up" /US firm Reed Smith has secured its long-sought-after Chicago presence, agreeing to merge with mid-sized US firm Sachnoff & Weaver.
Reed Smith finally secured its long-sought-after Chicago merger this week when it completed a deal with 140-lawyer Sachnoff & Weaver (see page 12).
Groundbreaking new research by The Lawyer reveals that Linklaters offers the most generous associate bonuses in the City.
Russia - the home of vodka, fluffy hats and James Bond supervillains. But Russia is also home to some of the world's richest men. And in a country where the rule of law can often be sidestepped by political connections and power broking, ambitious rich men controlling mega-rich companies make for contentious clients for law firms from the Western world.
Sidley Austin has poached Clifford Chance M&A partner Georg Rutzel to boost its Frankfurt corporate and finance department.
Simmons & Simmons has started to rebuild its China offering following the devastating raid by Fried Frank Shriver & Jacobson last month.
Slaughter and May's best friends in Italy and Germany will become flatmates in London, at a time when confidence is high in the European independent firms' network.
Supermarket Somerfield has vowed to retain Linklaters as its key corporate adviser despite the departure of relationship partner Raymond McKeeve to Kirkland & Ellis.
South Africa's leading firms are well positioned to cash in on an expected increase in project work in the country, following the commercial completion of a $3.3bn (£1.77bn) Gautrain rapid rail link public-private partnership (PPP).
Collyer-Bristow and London firm Kerman & Co have secured Court of Appeal victory in a highly unusual case concerning an alleged coup in Equatorial Guinea.
Stephenson Harwood has strengthened its corporate team with the hire of a senior associate from Lovells. Dan Holland joins Stephenson Harwood from Lovells' corporate department, having spent the past 16 months acting as European counsel for Owens-Illinois, a major manufacturer of glass bottles and containers. Holland's practice has acted for confectionery giant Mars and Chelsea Football Club. ...
The rise of shareholder activism has prompted Dutch corporate heavyweight and Herbert Smith ally Stibbe to launch a new corporate litigation group aimed at defending its clients against attack.
Stone Buildings' John Reeder QC is setting out to promote the use of the Lloyd's Open Form Salvage Agreement following his new appointment as appeal arbitrator for the insurance market.
Like the song, The Lawyer Rising 50 is coming around again. Next month, The Lawyer publishes its annual collection of the 50 largest firms by revenue outside the top 100.
What was your first-ever job?I had a Saturday job in the local newsagent.
Bristol-based TLT Solicitors has bolstered its growing London office by hiring Denton Wilde Sapte (DWS) insolvency solicitor James Forsyth as a partner.
Hackney Council chooses dozen for panelIt took them the best part of the year, but Hackney Borough Council has finally unveiled its brand-new barristers' panel.
The UK’s richest lawyer, Andrew Nulty of Warrington firm Avalon Solicitors, was yesterday (26 October) let off charges of actual bodily harm by a local magistrates’ court.
After the catastrophic events of the past two years
Allen & Overy" /Just over a week ago, as many of you will have read in The Lawyer, Allen & Overy announced an innovative new career and reward structure for its London associates.
The Lawyer's Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week's blogs. If you want to direct us to useful links, email webweek@ thelawyer.com.
Willkie Farr & Gallagher has claimed its first instruction from pharmaceutical giant Sanofi-Aventis, two years after advising shareholder Total on the EUR57.7bn (£38.6bn) merger that formed the company.
Wilson Sonsini Goodrich & Rosati landed instruction on the landmark acquisition of YouTube by Google for $1.65bn (£880m).Doubt surrounded which side the firm would choose to fall on, given that both YouTube and Google are longstanding Wilson Sonsini clients. Most signifcantly, Wilson Sonsini represented Google on its $2.7bn (£1.44bn) IPO two years ago. This time, rather than act for the behemoth, the firm decided to plump for the underdog and is representing video-sharing website YouTube. ...
They may have done a few things in South Africa over the years that seemed backwards to the outside world, not least chasing down 434 to beat Australia in a one-day international cricket match in February, but it appears that they have at least got one thing the right way around.