26 January 2009
Ashurst plans to shed 15 secretarial jobs" /Ashurst has launched a redundancy consultation that could see up to 15 secretaries lose their jobs.
Baker & McKenzie, Clifford Chance and White & Case have advised on the creation of a e100m (£90.6m) private equity fund on behalf of Kazakhstan’s sovereign wealth fund.
Regulatory lawyers waiting in wings as system is deemed ‘deficient’.
Barclays has revamped the management of its legal function, creating a new chief of staff position to support general counsel Mark Harding.
Blake Lapthorn launches second redundancy round" /Blake Lapthorn has announced a second redundancy consultation, with up to 30 additional members of staff facing the prospect of losing their jobs.
Real estate heavyweight Berwin Leighton Paisner (BLP) has staved off the threat of redundancy by upping its focus on the restructuring sector.
Gloucester-based BPE Solicitors has put 13 members of staff, including three salaried partners, on a four-day week.
Losing seven partners from its City office highlights the frailties of Cadwalader’s global strategy. It also provides a perfect example of what not to do in the current economic climate.
Cadwalader Wickersham & Taft has threatened to sue the seven London partners who are leaving for Paul Hastings, after initially promising an amicable separation.
The New York management of Cadwalader Wickersham & Taft has failed in an attempt to buy back three of the seven London partners who left for Paul Hastings.
Cadwalader Wickersham & Taft has scored a lead role on US drug manufacturer Pfizer’s $68bn (£49.8bn) acquisition of rival Wyeth, the biggest M&A deal in the world for months.
CMS Cameron McKenna has been instructed by the government of the Czech Republic on the privatisation of state-owned carrier Czech Airlines.
Charles Russell moots four-day week to stave off redundancies" /Charles Russell has given lawyers the option of a four-day week as it starts redundancy consultations with an unspecified number of staff.
When it comes to the UK’s banking crisis, if you are not part of the City’s elite it is unlikely that you will win a key role.
On page 3 of last week’s issue of The Lawyer we published a story about US law firm Debevoise & Plimpton suing solicitor Joan Leopold.
Cobbetts restructuring partner William Ballmann is advising David Wilson and Julian Pitt of Begbies Traynor on the administration of North East firm Fox Hayes.
Alderney Renewable Energy has instructed Channel Islands firm Collas Day to construct the world’s first legal framework for a commercial tidal power project in open water.
Dechert has hired a former senior Bear Stearns in-house lawyer to bulk up its corporate and securities group.
Corporate partner Martin Kitchen has been named as the new chairman of Denton Wilde Sapte, following a contested election with a total of three contenders.
DLA Piper has broken its ties with a second Saudi sponsor in six months, exchanging Abdulaziz Al Bosaily for Dr Alaa Naji.
Blackstone Chambers has scooped a brace of leading roles on two high-profile music litigation cases, with co-head Ian Mill QC leading on disputes involving pop groups Duran Duran and Snow Patrol.
Singapore’s legal market is set to welcome two new law firms, with Eversheds and offshore firm Walkers both launching new offices in the country.
DLA’s former global head of Islamic finance Oliver Agha has set up a firm in the United Arab Emirates, establishing a non-exclusive relationship with Pillsbury.
11.46After recent headlines about Links' New World strategy, the firm was in the High Court on Monday to defend a prof neg claim from Baltic telecoms company Levicom. Not good timing.
A group of elite City firms has won roles on a possible private sector investment in Royal Mail, with Slaughter and May advising the potential target.
Tyco's former EMEA general counsel Trevor Faure is to set to take on the global general counsel role at Ernst & Young, leading a team of 300 lawyers.
Freshfields Bruckhaus Deringer is to launch an intensive two-week programme to reassure associates that they have a future with the firm.
Rumours of tie-ups between UK and Indian firms have abounded since Clifford Chance sealed a best friends relationship with top Indian firm AZB & Partners (TheLawyer.com, 14 January).
Mining group Xstrata is set to launch a £4.1bn rights issue, leading to mandates for magic circle rivals Freshfields Bruckhaus Deringer and Linklaters.
Fulbright & Jaworski has reported relatively robust financial figures for the 2008 calendar year, with revenue and profits both rising by around 7 per cent.
If you weren’t a lawyer, what would you have been? Professional bingo caller.
Creating a global firm through alliances is a long and complex business. A two-day conference organised by The Lawyer explored the issues surrounding delivering global legal services.
Greenberg Traurig chief executive office, Cesar Alvarez, has been appointed firm wide executive chairman.
Personal injury boutique Greenwoods is to open a City office as part of ongoing expansion plans.
Herbert Smith is advising Ernst & Young on the administration of the European businesses of Canadian telephone manufacturer Nortel Networks.
Herbert Smith London finance partner Andrew Newbery is relocating to the Middle East to head the firm’s office in Abu Dhabi.
Our scoop on Links redundancies led one reader to ask: 'I only recently signed a training contract with them... should I be worried?" You decide.
K&L Gates and Chicago-based Bell Boyd & Lloyd confirmed the merger of the two firms following a partner vote today.
Linklaters in High Court defending negligence claim" /Former Linklaters partner Andrew Legg gave "careless and negligent advice" in a dispute between two telecoms companies, the High Court was told this week.
Linklaters’ shock ‘New World’ partner cull sparked by magic circle fight for supremacy
Linklaters has confirmed that between 100 and 120 of its City lawyers will lose their jobs, while 130 to 150 members of business services staff will also be affected.
Linklaters is always newsworthy, but TheLawyer.com’s scoop last Friday that it was considering culling its partnership generated heated debate. Some context is required.
Legislation enacted in the wake of 9/11 is now being used to police the financial services sector, and the UK’s recent Landsbanki Freezing Order has led some to fear they may have unwittingly broken the law.
No one could have predicted that UK legislation brought in post-9/11 would be used to force the arm of overseas financial markets.
Efforts to get EU member states to adopt a unified approach to certain areas of law is a tricky business. Kevin Roberts and Alan Owens look at two reports aiming to unify a European-wide strategy.
Magic circle firms are continuing to take on a high proportion of trainees despite the economic turmoil and redundancies, The Lawyer can reveal.
Ukrainian firm Magisters has extended its international presence by opening an office in Kazakhstan.
At least six senior legal roles at Merrill Lynch have been axed as part of the investment bank's global restructuring.
The Middle East has become a hot spot for Western law firms over the past few years, and in recognition of this The Lawyer is hosting its inaugural Business Development in the Middle East Conference in April this year. Tom Phillips sets the scene…
Previously touted as many firms’ saving grace, the Middle East economy has finally started to suffer. Which firms are strong enough to weather the storm and which will be left out in the cold? asks Jonathan Ames
Morrison & Foerster announced today that it is making 53 lawyers redundant across its offices in the US.
US intellectual property boutique Morgan & Finnegan is on the brink after 12 of its 17 partners quit.
Longstanding Travers Smith corporate partner Oliver Barnes has retired. Barnes was a former head of the corporate practice and recently sat on the firm’s LLP conversion committee.
US firm Nixon Peabody has launched an Israel practice group to advise on inbound and outbound Israeli transactions.
Nixon Peabody has elected seven lawyers to its partnership with the group due to take up their new positions on 1 February.
No5 Chambers is set to launch a human rights and immigration practice in Birmingham.
A witty website, including personal anecdotes from the team, aims to present O’Connors as a professional but entertaining law firm.
Olswang: second redundancy round, 45 to go" /Olswang has launched a second redundancy consultation and is proposing to cut 45 jobs.
Life expectancy is rising by 15 minutes every hour. For a 45-year-old partner it will have increased by five years by the time they retire at 65. Partners will, therefore, need to support themselves for 25 years or more after the end of their working lives.
AN “unsustainable” partnership model is driving small firms to the brink of collapse as profit margins tumble, Optima Legal has warned.
Mobile phone giant Orange has left Bevan Brittan out of its new-look panel.
Southampton firm Paris Smith’s senior partner Richard Smith has retired after 10 years at the helm. Nick Vaughan, who specialises in commercial property, lending and charities law, replaced him as senior partner at the beginning of this year.
Pinsent Masons has taken on extra floorspace in Manchester and Edinburgh to allow it to expand its presence in the cities.
Like most aspiring lawyers I have attended numerous interviews, and like many when asked to describe our strengths I would reply “I like to face new challenges”. Yet when I found myself on a flight bound for Almaty to work as a legal assistant for GRATA, there was a small part of me that wished I had answered “I’m quite good with numbers”.
After a decade of high profile cases and escalating payouts, 2009 could herald the reform of arcane divorce laws, says Peter Baughan.
Commoditisation is a reality of 21st Century business – the only way to combat its effects is to accept it, says Michael Alden.
US litigation firm Quinn Emanuel Urquhart Oliver & Hedges has reported one of the best sets of financial results for the 2008 financial year, with revenue up 15 per cent on the previous 12-month period.
Law firm redundancies have continued apace, with Addleshaw Goddard, Ashurst Denton Wilde Sapte and SJ ...
Greenberg Traurig has posted virtually static year-end results, with the 1,800-lawyer firm managing a 0.25 per cent increase in revenue and a 0.5 per cent rise in average profits.
Boston-headquartered Ropes & Gray has announced that it was laying off 106 of its support staff, the equivalent of around 10 per cent of its non-lawyer personnel across all departments in the firm.
Simmons & Simmons has decided to close its Rotterdam office and move all its Dutch lawyers to Amsterdam.
Simpson Thacher & Bartlett has delayed its plans to launch an office in Sao Paulo
Three new private client special reports discuss topical issues affecting the sector. Read here for the details.
As the executive director of human rights charity Reprieve, Clare Algar welcomes President Obama’s focus on the rule of law.
Eversheds’ status as sole external adviser" /The terms of Eversheds’ status as manufacturing company Tyco’s sole external legal adviser are up for review as the contract comes up for a 12-month renewal.
It is not often we get to say this, but last Tuesday history was made.
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 email@example.com.
Wilson Sonsini Goodrich & Rosati has become the latest US firm to announce it is making layoffs, with job cuts totalling 113 employees.