28 July 2008
Four barristers from 5 Raymond Buildings (5RB) have been fighting it out in the Court of Appeal after Random House sought to defend itself against proceedings brought by boxer Ricky Hatton’s former promoter Frank Warren.
Manchester-based 8 King Street Chambers has collapsed after failed merger talks with common law set 18 St John Street Chambers.
Allen & Overy (A&O) has edged out magic circle competitor Clifford Chance to win the lead role advising Spanish airline Iberia on its proposed merger with British Airways (BA).
Addleshaw Goddard has bagged the lead role acting on the e745m (£591.86m) project financing of a Dutch liquefied natural gas import terminal.
Norfolk-based Steeles Law has been retained by Formula 1 chief Max Mosley as he launches libel proceedings against the News of the World.
Alston & Bird has secured its much-anticipated merger with west coast firm Weston Benshoof Rochefort Rubalcava & MacCuish.
Alston & Bird is targeting a simultaneous launch of two offices this week on the US west coast.
Tens of thousands of low paid local council and NHS workers could claim equal pay compensation following a landmark decision handed down in the Court of Appeal today (29 July).
Ashurst has poached Lovells projects and infrastructure partner Jason Radford for its own growing team.
Criminal defence set 25 Bedford Row has warned that the payment system for publicly funded ‘one case, one fee’ (Ocof) work is putting too much power in the hands of solicitors.
Bevan Brittan’s credibility hinging on improved profit" class="inline_image inline_image_left" src="/pictures/web/images/12989_80_whitfield.gif" /Bevan Brittan has set itself a challenge – and boy, what a challenge it is.While going through a management shake-up (21 July), the Bristol-headquartered firm is targeting ...
Cadwalader Wickersham & Taft is making a second major round of redundancies, laying off 96 lawyers across its offices in the US and UK.
Cadwalader Wickersham & Taft has axed 20 per cent of its London lawyers as part of the cull of 96 lawyers across the firm.
Clyde & Co has shaken up its pure lockstep to a three-gated remuneration structure based on merit.
Cobbetts has entered redundancy consultations with staff in its real estate practice, including partners. The firm is aiming for a single figure headcount reduction, across all levels and practice areas of its Leeds and Manchester real estate departments.
Class action firm Cohen Milstein Hausfeld & Toll is considering launching legal proceedings on behalf of a million Equitable Life policyholders after the parliamentary ombudsman Ann Abraham urged the Government to compensate them for losses incurred after Equitable almost collapsed eight years ago.
Guernsey offshore firm Collas Day is to open a London office as part of a broader expansion plans.
Last week 150 sixth-formers congregated at the University of Warwick to attend the first-ever Pathways to Law National Conference.
Following years of review and consultation with insurance and reinsurance industry stakeholders in the EU and Bermuda, reinsurance supervisory bodies are well on the way to implementing separate but similar approaches to solvency margins.
US firm Covington & Burling has launched its first office in Asia, with former management chair Stuart Stock heading a team in Beijing. Joining Stock will be former Warner Bros Entertainment executive Ellen Eliasoph and Cao Yu, a former partner of Chinese firm Haiwen & Partners. Both will act as resident senior lawyers.
Davies Arnold Cooper (DAC) has vowed to push its turnover through the £40m barrier by the end of this financial year as it scouts for another merger following its deal with KSB Law earlier this year.
Two US firms have snared lead roles on Swiss pharmaceutical group Roche’s $43.7bn (£21.88bn) bid for US drug giant Genentech.
Three former lawyers from Dewey & LeBoeuf’s French office have broken away to form a dispute resolution boutique during a period of intense activity in the French legal market.
Results at most purely regional North East firms for the 2007-08 financial year have been underwhelming, with some having to scale back their ambitions.
DLA offs1-August-2008 Thank God it’s Friday. The legal market has had a tough week.
DLA Piper has made five lawyers redundant in its technology, media and commercial group.
Anti-money laundering regulations in the BVI are tightening in line with international opinion and all must comply or face the toughest criminal penalties.
City firm dangles early partnership carrot in bid to build Dubai, Qatar and Saudi Arabia
Denton Wilde Sapte has appointed former Ernst & Young chairman Nick Land as its external non-executive board member.
Who’d want to live in the Middle East? Not quite enough of you, it would seem. On paper it should be an easy sell. Work in London is dropping off and the growth is overseas – what better protection from all those redundancies masquerading as performance reviews?
We may be living in economically turbulent times, but the evolving role of sovereign wealth funds, coupled with private equity’s shift in focus from mature to emerging markets, means there are still plenty of opportunities abroad
Eversheds has frozen associate base salaries in London and the regions as the firm fully enforces its new performance-related remuneration structure.
Eversheds has hired Addleshaw Goddard partner Andrew MacCulsh to head the firm’s construction team in Nottingham.
DLA Piper has lost its status as Abbey’s sole employment adviser after Eversheds joined the bank’s panel.
Shearman & Sterling's former German legacy firm, Schilling Zutt & Anschütz (SZA), has re-hired corporate partner Stephan Brandes from McDermott Will & Emery six months after he left.
IT provider Fujitsu Services is revamping its European legal strategy, giving more autonomy to local general counsel and hiring its first full-time lawyer in Portugal.
Jersey’s ability to move with the times has made it a destination of choice for funds and it is now after a share of the unregulated market.
GlaxoSmithKline (GSK) has turned to the US for its new general counsel, hiring Sidley Austin life sciences partner Dan Troy following a seven-month search.
Heller Ehrman has recruited IP partner Richard Penfold from DLA Piper to boost its year-old London office as speculation over an impending merger with Baker & McKenzie persists.
The Bar Council of India has lifted restrictions on law firm websites, allowing Indian lawyers to launch their own websites giving basic information about themselves to prospective clients.
After being made up to head of legal while still in his twenties, Lloyd’s of London general counsel Sean McGovern has exceeded the insurance giant’s expectations.
Kennedys absorbs RPC’s Tiverton insurance office" /Kennedys has today (28 July) taken over the Tiverton office of its insurance rival Reynolds Porter Chamberlain (RPC) and plans to move the staff to Taunton.
Kirkland & Ellis has snared a restructuring partner from US rival Weil Gotshal & Manges to bulk up its New York restructuring capabilities.
US firm Faegre & Benson’s London office has been raided for the fifth time this year, with LG recruiting corporate real estate partner Malcolm Headley.
Bryan Cave’s new London office may be all bells and whistles, but it’s not for everyone. The US firm moved into its shiny new home at 88 Wood Street earlier this summer and threw a swanky party to mark the occasion.
Many lawyers acting for brand owners will have felt the shockwaves emanating from Google’s recent controversial change to its policy regarding the use of trade marks as keywords in the UK and Ireland.
Investors in BVI-held companies need to be aware of what can happen when things go wrong and think seriously before doing business offshore.
The Law Lords have upheld an appeal by the Serious Fraud Office against a High Court ruling that it acted unlawfully in terminating a probe into a BAE Systems arms deal.
Microsoft has introduced a pioneering financial bonus scheme to reward its 17 panel firms for hitting diversity targets.
Mishcon de Reya to put investment before profit" /Mishcon de Reya has reported limited growth in 2007-08 as the firm’s partners prepare to invest heavily in new offices and growing the litigation arm.
Moore Blatch has joined the consolidation trail in the South West and is looking for a merger partner.
Professional negligence barrister David Yates has moved to Pump Court Tax Chambers. He leaves Four New Square.
The Court of Appeal has cleared Nelson Mandela's long-serving lawyer, Mohammed Iqbal Meer, of conspiracy to defraud the Zambian government.
New Law Society president Paul Marsh has vowed to make the business of law the overarching theme of his 12 months in office.
As home to many offshore funds, Guernsey has amended companies law to take account of the troubled economic times. Mark Helyar reports
Newcastle firm Muckle has entered redundancy talks with up to 20 of its staff.
The compression of the market brought on by the global credit crisis has left hedge funds feeling the squeeze. But with no quick fixes to hand, a period of consolidation at the end of what has been a boom period has to be the best option, argues
After a relatively quiet first half to the year, the offshore legal profession is on the move again.
The European Court of Justice (ECJ) recently gave judgment in Coleman v Attridge Law (2008). In so doing, it clarified the remit of the Framework Directive (2000/78/EC), which was adopted in November 2000 to combat discrimination in the workplace on grounds of religion or belief, disability, age or sexual orientation.
Orrick chief Ralph Baxter has never made a secret of his desire to grow the firm globally. Such is his eye for a merger opportunity that even the current market turmoil hasn’t dampened his plans
With the lines between offshore and onshore firms becoming increasingly blurred, the special relationship between the two has become ever more important. Onshore firms are the lifeblood of their offshore counterparts and when the latter move ...
Personal injury (PI) lawyers have slammed the Ministry of Justice (MoJ) for its failure to implement far-reaching reform of the claims process.
Pictons has not had a stellar financial year, with turnover dropping by 4 per cent from £7m in 2006-07 to £6.7m in the last financial year.
Pinsent Masons has scored its first major deal for bookmakers William Hill since a June panel review, ;advising ;the company on a deal to upgrade its online betting service.
The Royal Court of Jersey’s ruling concerning BetOnSport.com founder Gary Kaplan’s actions has shed light on the status of protector powers.
If a movie was being made about your life, which actor would play you?A very young Omar Sharif.
Reed Smith is to launch an office in Silicon Valley after hiring Morrison & Foerster Palo Alto partner Rich Scudellari.
Clifford Chance’s new office in Abu Dhabi, the capital of the United Arab Emirates, will open with three partners and eight associates.
Regular visitors to Tulkinghorn’s page will recall that a few weeks ago he reported the plight of Thomas Eggar managing partner Tony Edwards, or “fat lawyer on a hike” as he has labelled himself.
A recent ruling found that there was no breach to the European Convention on Human Rights in the Sark legislation case, raising some important legal issues surrounding Crown dependencies.
Shearman & Sterling has appointed structured and leveraged finance partner Clifford Atkins to head the firm’s European finance group, taking over from Anthony Ward. Ward will step down from 1 August to focus on his posts as London managing partner and member of the global policy committee.
The world’s elite firms are jostling for position on Kohlberg Kravis Roberts’s (KKR) landmark dual listing in Amsterdam and New York.
The Solicitors Regulation Authority is set to change its Code of Conduct in reaction to the regulatory demands of the Legal Services Act.
Birmingham-based set St Philips has posted a turnover of £27m – down by 15.6 per cent on the previous year’s £32m.
Litigation firm SimmonsCooperAndrew has struck down George Lucas’ High Court battle for ownership of the IP rights to the Star Wars stormtrooper helmets.
The Isle of Man’s Aircraft Registry has proved to be a soaring success for the local economy
New York firm Thacher Proffitt & Wood has won a leading role in relation to the collapse of US bank IndyMac, while Sullivan & Cromwell is advising US mortgage group Fannie Mae on its possible government bailout.
South East firm Thomas Eggar is moving six partners and 11 fee-earners to its new Southampton office from early September in a drive to focus on business development in the city. The group will practise in areas including commercial, dispute resolution and real estate. The lawyers will be accompanied by 13 support staff. Managing partner Tony Edwards said he planned to increase the office’s fee-earner ...
Bath firm Thring Townsend Lee & Pembertons is set to step up its recruitment programme after hiring two partners for its London practice.
The Law Society’s send-off for its recently departed president Andrew Holroyd may not have quite lived up to his expectations.
At some points in a legal career, the humiliating tasks outnumber the fun ones. Tulkinghorn has heard through his network of spies that Nabarro has just added to the former with its Nabarro Day.
St Albans firms Turner & Debenhams and Ottaways will merge on 1 September to create a firm with a combined turnover of around £8m. The new firm will be called Debenhams Ottaway and will comprise 17 partners and 120 staff. The firm will move into Turners’ current offices.
The failure of a Jersey law discretionary trust to act in a non-partisan manner in relation to a 2006 divorce case in the English High Court led the Royal Court of Jersey to direct that the trustee give effect to the English court’s order.
US M&A lawyers with cross-border practices have cautiously welcomed moves in China and India to introduce new antitrust legislation based on the European Union model.
Vinson & Elkins has underscored its dedication to its United Arab Emirates strategy by relocating key partners to the region.
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WATSON FARLEY & WILLIAMS
A recent ruling by the Royal Court of Guernsey has modified the law governing guardianship, ushering in a quasi-statutory wills regime in the process.
White & Case’s entire global network is being scrutinised by management consultants ;McKinsey & Company as part of a worldwide strategic review of the firm’s business.
The EU’s draft white paper on anti-money laundering competence has drawn fierce criticism for its arbitrary methodology.
Wragge & Co opens Munich IP base" /Wragge & Co is to open an IP litigation office in Munich by September, though it will maintain its relationship with German best friend Graf von Westphalen, which also has a Munich presence.