24 October 2005

The Lawyer

  • 15 New Bridge St celebrates soaring turnover

    24-Oct-2005

    Criminal chambers 15 New Bridge Street is celebrating a hugely successful first year after its demerger from civil set Hardwicke Building.

  • 2 Harcourt lures Stone Chambers senior clerk to spark set expansion

    24-Oct-2005

    Planning and public law set 2 Harcourt Buildings has poached Stone Chambers' senior clerk Paul Coveney as it prepares to move into bigger premises next year.

  • A&O wins direct Hungarian corporate eurobond

    24-Oct-2005

    Allen & Overy (A&O) has landed a role on the first eurobond to be issued directly by a Hungarian corporate.

  • A&O wins M&A first from BSkyB

    25-Oct-2005

    Allen & Overy has secured its first M&A instruction from BSkyB, on its recommended takeover of the pan-European broadband network company, Easynet Group.

  • A&O's very own deadlock

    24-Oct-2005

    Tulkinghorn is on the telly this week. As readers will know, the great man began his career as the faithful lawyer to Sir Leicester in Charles Dickens' Bleak House. As viewers can see on the Beeb, while being impersonated by Charles Dance, Tulkinghorn discovers that Lady Dedlock has something to hide and will not rest until he has unearthed the secret and has her in his power.

  • ABP appoints First Choice GC

    26-Oct-2005

    Former First Choice Holidays general counsel Andrew Garner has jumped ship to take the helm of Associated British Ports’ legal functions.

  • Arnold & Porter to defend Da Vinci Code

    24-Oct-2005

    The London office of Washington DC's Arnold & Porter and London firm Orchard Solicitors are preparing to do battle over Dan Brown's bestselling novel The Da Vinci Code.

  • Baby boomers

    24-Oct-2005

    Contrary to popular opinion, the youth of the bar are holding their own. Declan Redmond argues why 'baby juniors' offer a unique and valuable service

  • Baker Botts advises Liberty Global on new stake in Telenet

    24-Oct-2005

    Baker Botts advised broadband cable company Liberty Global on increasing its stake in Belgium's largest broadband cable operator Telenet Group Holding to 20 per cent through an IPO worth €160m (£109.5m). The purchase reinforces Liberty Global's reputation as having the world's largest broadband cable subscriber base outside the US, with around 23.5 million homes serviced. Baker Botts corporate partner Paul Landen led the deal, which will see Liberty Global purchase 7.7 million shares ...

  • Bakers boosts CIS team with more Coudert hires

    24-Oct-2005

    Baker & McKenzie has boosted its global M&A and energy practices by mopping up two of the few remaining Coudert Brothers partners yet to find a home.

  • Bar Council appointments announced with Vos vice-chair

    25-Oct-2005

    The Bar Council today (25 October) announced that Geoffrey Vos QC of 3 Stone Buildings is to succeed 6 Pump Court’s Stephen Hockman QC as vice-chairman.

  • Bingham re-elects Zimmerman as chairman

    24-Oct-2005

    Bingham McCutchen has re-elected Jay Zimmerman as its chairman. The partnership selected Zimmerman to serve his fourth term and also re-elected San Francisco partner Donn Pickett as vice-chairman. Under Zimmerman's leadership, Bingham McCutchen has grown from a regional law firm based in Boston to a national firm specialising in corporate, finance and litigation. First revealed on www.thelawyer.com, 17 October

  • Blake Dawson pulls out of London as billings dry up

    24-Oct-2005

    AUSTRALIAN law firm Blake Dawson Waldron will close its London office after it stopped generating its own revenue.

  • BLG's new regulatory team scoops place on Bupa panel

    24-Oct-2005

    Barlow Lyde & Gilbert's (BLG) new financial services regulatory team has scooped a place on private healthcare giant Bupa's legal panel.

  • Bryan Cave takes eight lawyers to boost trade group

    26-Oct-2005

    US firm Bryan Cave has expanded its international trade practice by raiding national rivals White & Case and Katten Muchin Rosenman with eight hires to its Washington DC, Chicago and Los Angeles offices.

  • Campbell judgment rules out CFA means-tests

    24-Oct-2005

    The House of Lords last week decided that lawyers are not required to means-test clients for conditional fee aggreements (CFAs), even if they are wealthy celebrities.

  • Careers: In brief

    24-Oct-2005

    The Law Society last week welcomed plans for the implementation of the Clementi reforms to enable new forms of legal practice and external investment in law firms. The society warned that it was important that the new regulatory framework should not lead to disproportionate regulatory burdens on the legal profession. "The legal profession has an important role in standing up for individuals against the state and defending the rule of law generally," said Law Society president Kevin ...

  • Careers: People

    24-Oct-2005

    TLT Solicitors has hired two new lawyers. Nicola Howell, who joins from Tesco, has joined the firm's regulatory team, while Sally Olsen, who joins from Laytons Solicitors in Bristol, will strengthen the banking and financial services litigation team.

  • CAT-Abbott settles on morning of appeal

    26-Oct-2005

    The IP dispute between Cambridge Antibody Technology (CAT) and Abbott Laboratories has reached a shock settlement ahead of a Court of Appeal hearing due to start today (26 October).

  • CC takes Heinz merger to Competition Commission

    27-Oct-2005

    Clifford Chance is set to argue its case for the completed acquisition by Heinz of the HP Foods Group after the Office of Fair Trading (OFT) referred the takeover to the Competition Commission.

  • Chessa returns to CC Rome after two-year break

    28-Oct-2005

    Clifford Chance’s former joint Italian managing partner Luigi Chessa has rejoined the magic circle firm’s Rome office as of counsel just two years after quitting.

  • Cleary advises Bank of America on maximum stake in IPO-bound CCB

    24-Oct-2005

    Cleary Gottlieb Steen & Hamilton will represent Bank of America after it was given the all-clear to increase its stake in China Construction Bank (CCB) to almost 20 per cent ahead of the Chinese bank's IPO.

  • Coudert Bros struggles with $11m debt

    24-Oct-2005

    Disbanding firm Coudert Brothers is struggling to pay debts estimated at more than $11m (£6.2m) after the sale of the firm's most valuable assets.

  • Criminal bar strike off as Carter talks pay off

    27-Oct-2005

    Criminal barristers who have been refusing instructions in the row over legal aid are returning to work, it emerged today (27 October).

  • DLA Piper bolsters Moscow with more Coudert hires

    27-Oct-2005

    DLA Piper Rudnick Gray Cary has made another raid on Coudert Brothers, this time taking two partners from its Moscow office.

  • Dundas triple hire continues London expansion

    24-Oct-2005

    Dundas & Wilson is continuing a City hiring spree with the appointment of three new partners, bringing the total number of London lateral hires to five this year. Pinsent Masons construction partner Mark Tiggeman, Watson ...

  • DWS scoops TMT partner from Taylor Wessing

    24-Oct-2005

    Denton Wilde Sapte (DWS) has raided Taylor Wessing, recruiting Ingrid Silver as a partner for its London-based technology, media and telecoms department. Silver joined Taylor Wessing in May 2003 following previous positions with Ashurst, Froriep Renggli (Geneva) and the European Commission. She specialises in the provision ...

  • EAT finds Herbies guilty of sex discrimination

    24-Oct-2005

    Herbert Smith has lost an appeal against an employment tribunal ruling which found it had discriminated against a part-time manager at the firm.

  • Exchange dumps Olpas recruitment method

    24-Oct-2005

    North West set Exchange Chambers is ditching traditional methods of choosing pupils in favour of designing its own recruitment programme.

  • Ex-Olswang Reading chief emerges at Steptoe

    24-Oct-2005

    Marshall Leopold, Olswang’s former Reading managing partner, has resurfaced at US firm Steptoe & Johnson.

  • Firm profile: Henmans

    24-Oct-2005

    Managing partner: Julie Iball Turnover: £7.8m Total number of partners: 21 Total number of fee-earners: 72 Main practice areas: Commercial litigation, employment, personal injury, private client, professional negligence and property Key clients: BMW, Cancer Research, RSPCA and Guide Dogs for the Blind, ...

  • Flu adieu

    24-Oct-2005

    Tulkinghorn's heard a lot of excuses over the years for not being able to get hold of partners, but the one from Tarlo Lyons' switchboard last week has to be the best yet.

  • Frozen out

    24-Oct-2005

    When an extension to the standard freezing order was sought to cover real property in Perry, a number of issues were exposed. Paul Reed and James Watthey report

  • General counsel pay soars post-Sarbanes

    24-Oct-2005

    General counsel in the US are seeing their salaries rise as corporations fight to keep legal talent despite an increased workload.

  • Gibson Dunn rejigs hiring process to hike leverage

    24-Oct-2005

    US firm Gibson Dunn & Crutcher is set to overhaul its partnership and fee-earner recruitment process following the decision to increase the firm's global leverage to three lawyers for every partner.

  • Gloves come off as Lovells duo decamps to Sidley

    24-Oct-2005

    Lovells tears into defectors as US firm aims to rival top two German firms. By Lorraine Cushnie

  • Grapevine

    24-Oct-2005

    Despite hitting the self destruct button two months ago, the Coudert Brothers name will live on in Hong Kong for some time yet.

  • IFPI wins back legal star from BPI

    24-Oct-2005

    Leading music industry lawyer Geoff Taylor is to rejoin IFPI as general counsel and executive vice-president little more than 12 months after leaving for the British Phonographic Industry (BPI).

  • Inn the know

    24-Oct-2005

    After establishing Thirteen Old Square one year ago, John McDonnell QC offers his views on the ideal environment for a barrister in the modern legal world

  • Irwin Mitchell and Marks & Clerk set for MDP conversion

    24-Oct-2005

    Irwin Mitchell and Marks & Clerk set for MDP conversion" /Irwin Mitchell and Marks & Clerk Solicitors are set to lead the first wave of law firms to take advantage of a radical regulatory change for the legal profession in new legislation outlined by the Government.

  • Jones Day Latin America head joins Gibson Dunn

    24-Oct-2005

    Gibson Dunn & Crutcher has hired the chair of Jones Day's Latin America practice Steve Guynn. Guynn will join the New York office as a partner in the firm's capital markets and Latin America paractice groups. Gibson Dunn managing partner Ken Doran said Guynn will play a key role in building the firm's capital ...

  • Judge orders English court to move to Zambia for fraud case

    24-Oct-2005

    The paraphernalia of an English court is due to be moved to Zambia next year in the face of a ruling handed down by Mr Justice Peter Smith.

  • Judges threaten mass walkout over new pension tax laws

    24-Oct-2005

    The Government is facing a mass resignation of High Court judges if it fails to implement a bill aimed at exempting them from changes to new laws on pension rights.

  • Keal departs A&O one month into notice with KKR in tow

    24-Oct-2005

    Allen & Overy's (A&O) legendary leveraged finance partner Tony Keal has left the firm just one month into the standard six-month notice period, taking his entire book of business with trophy client Kohlberg Kravis Robert (KKR) to new firm Simpson Thacher & Bartlett.

  • Law Society row ends in LPC U-turn

    24-Oct-2005

    The Law Society has been forced into a U-turn on its controversial plans to make the LPC non-compulsory following a furious row at the Legal Education Training Group's (LETG) annual general meeting.

  • Legal Widow

    24-Oct-2005

    The Lawyer has been complaining about the firm's new pro bono scheme: 52 hours per year, minimum. Just one a week, the equivalent of two tea breaks, according to the bosses.

  • Let's get quizzical

    24-Oct-2005

    Quiz mania appears to have struck, at least at Tulkinghorn Towers.

  • Linklaters all smiles as Somerfield sell-off is finally realised

    24-Oct-2005

    Linklaters will no doubt be delighted that the protracted £1.1bn takeover of supermarket group Somerfield completed last week. According to reports, the seven-month auction had to overcome last-minute hurdles regarding the financing of the takeover. Linklaters, led by private equity partner Raymond McKeeve, advised the purchasing consortium, which comprised Apax Partners, Barclays Capital and the Tchenguiz ...

  • Linklaters in place for BP- Sinopec link-up in China

    24-Oct-2005

    Linklaters is in line to benefit from a pending partnership between oil giant BP and China's biggest producer of refined oil products Sinopec.

  • Lord's sword restored

    24-Oct-2005

    Back in July, Beachcroft Wansbroughs advised betting company Betex on its appointment to manage the state lottery for the Chinese province of Guizhou. The deal meant a visit to the UK by a group of Chinese prosecutors, one that was disrupted by the July terrorist attacks on London.

  • Lovells overhauls international executive

    27-Oct-2005

    Lovells has appointed regional managing partners for Continental Europe and London and a practice stream leader for commerce as the City firm puts the finishing touches to its new-look international executive.

  • Manches faces SEB in Appeal Court row

    24-Oct-2005

    Manches was in the Court of Appeal last week fighting a multimillion pound claim over its involvement in an ongoing arbitration.

  • Matrix recruits 2-3 Gary's Inn director

    24-Oct-2005

    Matrix Chambers has poached 2-3 Gray's Inn Square's chambers director Lindsay Scott as its new chief executive.

  • Mayer Brown snaps up Coudert trio

    24-Oct-2005

    Mayer Brown Rowe & Maw is the latest firm to benefit from Coudert Brothers' implosion, hiring partner Paulette Vander Schueren and two other lawyers. Vander Schueren has joined Mayer Brown's Brussels office and specialises in international trade law and remedy issues. She will be joined in Brussels by trade lawyers Nikolay Mizulin and Madelein Perrick. Vander Schueren said: "At a difficult time for ...

  • McDermott and Carnelutti call time on two-year tie-up

    24-Oct-2005

    McDermott Will & Emery's merger with Italian firm Carnelutti has failed, with the firms splitting just two years after their merger.

  • Media team up with Lords to fight religious hatred bill

    24-Oct-2005

    The national media's in-house departments have teamed up with an all-party group of peers in an attempt to force amendments to the Racial and Religious Hatred Bill, which they believe prohibits the right to freedom of expression.

  • Michael Hausfield brings class actions to the UK

    24-Oct-2005

    Michael Hausfeld is on a mission to take the US class action ideology across the world. Can he do it? Clifford Chance for one seems to be interested. By Jon Robins

  • Michaud withdraws as Freshfields votes for joint senior partners

    26-Oct-2005

    The candidates for the position of senior partner at Freshfields Bruckhaus Deringer were reduced to five today (26 October) when French partner Jean-Luc Michaud withdrew from the race.

  • Mourant set to launch Guernsey office

    24-Oct-2005

    Offshore law firm Mou-rant du Feu & Jeune is launching a Guernsey office in January as it expands its multi- jurisdictional capabilities.

  • Nabarros leads derivatives deal for Quintain

    24-Oct-2005

    Nabarros leads derivatives deal for Quintain" /Nabarro Nathanson has advised Quintain Estates and Development on a £15m property index-linked return swap with Barclays Bank.

  • Norton Rose Brussels to be led by associates

    24-Oct-2005

    Norton Rose Brussels to be led by associates" /Norton Rose is moving to refocus its Brussels-based competition team as an associate-led practice in the wake of its second high-profile partner loss in 18 months.

  • O'Melveny confirms Ashworth hire

    28-Oct-2005

    O’Melveny & Myers has confirmed the hire of Ashurst corporate heavyweight Chris Ashworth to create the firm’s first M&A capability in Europe.

  • Opinion

    24-Oct-2005

    Cetelem v Roust Holdings leaves tension over the court's powers to support arbitration

  • Orrick strikes groundbreaking outsourcing deal

    28-Oct-2005

    Orrick Herrington & Sutcliffe has struck an innovative outsourcing deal in the US that will see 35 employees transfer to business process outsouring provider Williams Lea.

  • Past, present and future

    24-Oct-2005

    Identifying mistakes and learning from them is the key to success. By Patricia Wheatley Burt

  • Penningtons hires employment chief

    24-Oct-2005

    Penningtons hires employment chief" /Penningtons Solicitors has poached Goodman Derrick's David Bickford (left) to head its employment law practice in Basingstoke. Bickford joined Penningtons as a partner specialising ...

  • Pinsent Masons wins IP star from Codemasters

    24-Oct-2005

    Pinsent Masons has snared Codemasters Group head of legal Nav Sunner for its Birmingham IP and technology practice. Sunner joined the firm to advise on IP, commercial and media issues, as well as on issues relating to data protection, e-commerce and general IT. Pinsent Masons' group head of outsourcing and technology Clive Seddon said: "Sunner's experience complements our existing team and will ...

  • Revealed: Freshfields' £4m cash pot for partner payoffs

    24-Oct-2005

    Pot could rise to £16m for 50 partners; full-scale review to shake up City firm's global partnership

  • Revolution in the air at Freshfields

    24-Oct-2005

    Next week hundreds of Freshfields alumni will all get together for a big party. They may not recognise the firm they left.

  • Sandelson confirmed as CC London head

    26-Oct-2005

    Clifford Chance London litigation and dispute resolution head Jeremy Sandelson has been confirmed as the firm’s new London managing partner following an uncontested vote.

  • Separated at birth

    24-Oct-2005

    Sometimes things are so good they have to be repeated.

  • Settling in the city

    24-Oct-2005

    The commercial and chancery bar has taken alternative dispute resolution to its bosom, making London the foremost jurisdiction for mediation in the world. Eileen Carroll reports

  • SJ Berwin commits to German growth

    24-Oct-2005

    SJ Berwin commits to German growth" /SJ Berwin has vowed to beef up its German operation over the next two years despite the resignation of Uwe Steininger, its joint managing partner in the region.

  • Skadden scoops Linklaters partner for Hong Kong push

    27-Oct-2005

    Skadden Arps Slate Meagher & Flom has raided Linklaters to bolster its developing Hong Kong corporate finance and M&A capability.

  • Slaughters conflict hands A&O £1.2bn Ericsson-Marconi deal

    25-Oct-2005

    A Slaughter and May conflict has gifted Allen & Overy (A&O) a mandate to advise Swedish telecoms equipment company Ericsson on its £1.2bn deal to buy the bulk of Marconi’s assets.

  • Stewart Wright: Child Poverty Action Group

    24-Oct-2005

    It started as a research organisation, but Child Poverty Action Group has developed into a campaigning heavyweight setting legal precedents. Joanne Harris reports

  • SWIP brings in Latham for asset management deal

    24-Oct-2005

    Latham & Watkins' London outsourcing team has completed an innovative £87.5bn asset management deal for new client Scottish Widows Investment Partnership (SWIP) with US bank State Street.

  • Takeover Panel makes Terra Firma live up to East Surrey promise

    24-Oct-2005

    Clifford Chance had good reason to celebrate last week after the Takeover Panel's decision to throw out Terra Firma's application to lapse its £453m offer for water and utilities company East Surrey Holdings. The ruling effectively forces ...

  • Taylor Wessing draws up Italian shortlist

    24-Oct-2005

    Taylor Wessing remains on track for an Italian launch and has drawn up a shortlist of five candidate firms for either a full merger or mass lateral hire.

  • Taylor Wessing in Twist assist

    24-Oct-2005

    Staying with Dickens, Roman Polanski's Oliver Twist may have taken a beating at the hands of the critics, but there's at least one City firm that thinks it's just great.

  • Taylor Wessing plunders Haarmann for M&A head

    24-Oct-2005

    Taylor Wessing has raided German rival Haarmann Hemmelrath to boost its Munich corporate practice with two new partners, including the German firm's head of M&A Heinrich Rodewig.

  • Taylor Wessing scoops deal hat trick for HSH Nordbank

    24-Oct-2005

    Taylor Wessing has completed a hat trick of finance deals for HSH Nordbank of Germany. The firm advised HSH on a £27m loan facility, which was made available to a special purpose vehicle subsidiary (SPV) of German fund Doric Asset Finance to acquire a building in Newgate Street, London. Taylor Wessing also advised HSH on a senior facility totalling £36m, which was made available to an SPV subsidiary ...

  • The commercialisation of the bar

    24-Oct-2005

    Times are changing at the bar as it catches up with a more commercial and more varied market. But who has actually benefited? Marcus Rutherford reports

  • The work-life quiz

    24-Oct-2005

    Andrew Wright, partner, Cobetts

  • Uproar as Brobeck papers set for shredder

    24-Oct-2005

    A bitter row has broken out over the future of millions of documents left behind by the now-defunct Brobeck Phleger & Harrison.

  • US merger creates IP powerhouse

    26-Oct-2005

    US IP specialists Merchant & Gould and Welsh & Katz are set to merge, creating a 160-lawyer firm with six offices.

  • Vive la chancery

    24-Oct-2005

    The Chancery Court may be no more, but the Chancery Division is still providing a world-leading service in business disputes. By Carolyn Walton

  • Weil Gotshal leads Premier Foods' sale of Typhoo

    24-Oct-2005

    Weil Gotshal & Manges has scooped an instruction from regular client Premier Foods on the £80m sale of its Typhoo tea brand to Indian conglomerate Apeejay Surrendra Group. In addition to buying Typhoo, the businesses acquired by Apeejay also include London Fruit & Herb, Lift, QT and other associated brands. Weil Gotshal's team was led by corporate partners Ian Hamilton and Andrew McLean. ...

  • Weil Gotshal's new pro bono regime sets legal benchmark

    24-Oct-2005

    Weil Gotshal & Manges is to increase its lawyers' minimum pro bono contribution to 50 hours per year. It has also relaunched its pro bono strategy in an attempt to change "the worldwide pro bono model that law firms use".