28 May 2007
Former Beatle Paul McCartney's and model Heather Mills' lawyers have no doubt been eagerly awaiting the outcome of the largest-ever contested divorce.
US class action firm Cohen Milstein Hausfeld & Toll has recruited Anthony Maton to establish its London office. Maton joins from McGrigors, were he was a dispute resolution partner.
Addleshaw Goddard and Osborne Clarke have increased average profit per equity partner (PEP) above the £500,000 mark for the first time ever.
Addleshaw Goddard is planning to launch what is arguably the most novel graduate recruitment initiative to date.
The Court of Appeal has ruled that 'unless orders' must be explicit and "mean what they say", with the consequences of non-compliance taking effect automatically in accordance with the terms of the order. In the case of Marcan Shipping v Kefalas & Ors (2007), the court, however, held that it has the power to grant relief from a sanction if the party in default applies for such relief under Civil Procedure Rule 3.8. Graham Charkham of 20 Essex Street was instructed by Thomas ...
Arnold & Porter appointed the first non-US partner to head its London office last week.
Ashurst kicks off plan to 'consign PQE to history'" /Ashurst managing partner Simon Bromwich has called for the abolition of PQE as a measure of progress, with the majority of the UK's largest firms seeking to dismantle associate lockstep systems.
Baker & McKenzie is challenging plans by UK regulators to force mobile phone operators to charge less for connecting calls to its network because of concerns that the changes threaten its path to profitability.
The Bar Standards Board (BSB) has lashed out at the Bar Council’s proposals to limit BVC places in submissions made to the Entry to the Bar working party.
The Vice-chair of the Bar Council Timothy Dutton QC will be the last in his post to work for free.
After the oil crash of the 1980s, the Saudi Arabian legal market is returning to its glory days. But will International law firms realise the potential and have the skills to benefit, asks Andreas Haberbeck
Bristows has made up its first partner in almost two years, promoting real estate lawyer Teresa Edmunds.
CMS Cameron McKenna is advising Enterprise Inns, the UK's second-largest pub owner, in its bid to allow landlords' beer money to be used to form a real estate investment trust (Reit).
The head of the immigration team at CMS Cameron McKenna has left to join accountancy firm PricewaterhouseCoopers (PwC) as Camerons merges its immigration and HR practice groups.
The future of Norton Rose's Islamic finance business rests on Neil Miller's shoulders. By Julia Berris
Canon Europe's new legal chief David Bateson has altered the company's legal team without any delay, changing its structure and driving regional panel reviews in key European jurisdictions.
•Cardiff and London firm Capital Law has hired the vice-president of satellite communications giant Inmarsat Debbie Jones as a non-executive director. Jones served at Inmarsat during its acquisition by private equity houses Apax and Permira and during the 2005 London Stock Exchange float that placed the business in the FTSE250. The post of non-executive director was previously held by Langley Davies, who has stepped down to pursue other projects.
Kodak spin-off Carestream Health has taken six former Kodak lawyers to set up its European in-house team.
•Clifford Chance HR head Liz Bunce is to leave the firm at the end of June, with her replacement yet to be announced. Bunce, who joined the magic circle firm from Allen & Overy in 2003, has successfully streamlined Clifford Chance's HR provision during her spell at the firm, bringing the various ...
Clifford Chance has secured a second deal in the lucrative shipping market, advising container vessel company CMA CGM on a bond issuance. The magic circle firm advised lead arrangers JPMorgan, Barclays and BNP Paribas on CMA CGM's upsized issuance of €500m (£341.35m) in senior notes. The notes are a follow-on from last year's $300m (£152.31m) worth of senior notes. The lead partner at Clifford ...
London's City Law School has launched two internships with telecoms giant BT.
Wall Street might finally have got its way. Reports in the US claim class action stormtrooper Bill Lerach may have cut a deal with investigating authorities to leave his practice in return for his firm Lerach Coughlin Stoia Geller Rudman & Robbins getting off scot free. See story.
Clifford Chance has seen its average profit per equity partner (PEP) break £1m for the first time.
Dechert's decision to hike LPC maintenance grants by 43 per cent to £10,000 has received a mixed reaction from rival firms as they assess the impact of the shock move.
DLA Piper is set to launch its first-ever international trainee secondment programme following revelations that it was one of only two UK firms that did not offer them.
DLA Piper has scored a victory for BBC television programme Mythbusters, which was dragged to court by an author of children's books who claimed the show used his reputation as a platform for the show.
DLA Piper takes on US class action firms" /DLA Piper is attempting to see off a US attack on the UK competition market by launching its own team representing both defendants and claimants in private and class actions.
South East firm DMH Stallard is to merge with 18-partner London-based KSB Law in what is DMH's second merger in as many years.
•Denton Wilde Sapte has reported a 6 per cent increase in turnover, from £147.5m up to £155.7m, for the 2007 financial year. After the 2006 profit per equity partner (PEP) increase of 37 per cent to £375,000, this year's growth in PEP slowed, rising by 10 per cent to £411,000. Managing partner Howard Morris said he was confident about the firm's international capabilities, with international work contributing 20 per cent to overall turnover, a figure he hopes to boost to ...
The European Court of Human Rights (ECHR) has upheld a House of Lords ruling that the UK Government did not act unlawfully by refusing to pay widows’ benefits to two widowers.
The performance of Essex Court's Gordon Pollock QC during the BCCI supercase has become a real millstone, ahem, milestone.
The Lord Chancellor Lord Falconer today (31 May) outlined plans that will see lawyers who cause delays to court cases replaced.
Field Fisher Waterhouse (FFW) has continued its expansion in continental Europe with the hire of two new IP/IT partners in Hamburg.
Field Fisher Waterhouse (FFW) has launched an Italian arm, signing up its former European Legal Alliance member firm La Scala for an exclusive relationship.
Bristows is relaxing after scoring a crucial trade mark win for 80’s pop combo Frankie Goes to Hollywood against ex-lead singer Holly Johnson.
It's 1984. Brian Cordery is 11 years old and has a Frankie Goes to Hollywood poster and a Welcome to the Pleasure Dome tape blaring out of the stereo in his bedroom.
Freshfields Bruckhaus Deringer has stunned the market by boosting average profit per equity partner (PEP) nearly 25 per cent from £831,000 last year to £1.036m.
Freshfields Bruckhaus Deringer has undertaken a wholesale review of how it accepts mandates.
Freshfields Bruckhaus Deringer has landed the lead role on the flotation of Spain's biggest savings bank La Caixa, prompting an associate hiring spree in the Barcelona office.
Allocating risk on non-recourse or limited recourse financings within the petrochemical business can be tricky, say Bimal Desai and Emil Pellicer
Canterbury-headquartered Furley Page has expanded with a new office in the Thames Gateway area.
A top General Electric lawyer has filed a $500m (£252m) sex discrimination class action against the company and its chief executive officer.
•Hammonds has promoted banking partner Jonathan Edwards to head its 26-partner Manchester office. Edwards takes over from Liam Buckley, who is returning to full-time fee-earning as a partner in the property team after five years in the role. Edwards has been a partner in Hammonds' banking practice since 1999 and was the firm's national head of banking between 2001 and 2006.
Fifa's rulebook has been put to the test by the sports groups at Brabners Chaffe Street and Hammonds. Hammonds advised Scottish football club Heart of Midlothian (Hearts) on its landmark dispute with Wigan Athletic over former player Andy Webster's contract, with Brabners advising Wigan. Webster left Hearts to play for Wigan last season, taking advantage of a Fifa rule known as Article ...
Philip Green's Arcadia Group has poached its new general counsel from arch-rival Mohamed Al Fayed's Harrods. In-house lawyer Mary Geraghty will join Arcadia in July as group general counsel after working her notice at Harrods.
The International Criminal Court (ICC) has issued arrest warrants for two suspected Sudanese war criminals, marking the first time people involved with the violence in Darfur have faced sanction from the world's criminal court.
The UK's largest mutual life and pensions company Royal London has scooped a new group legal director and company secretary from Kaupthing Singer & Friedlander.
Kaye Scholer has acted for Robeco Institutional Asset Management on the formation of a hedge fund management company.
The size zero debate has had an interesting side effect. No, lawyers aren't turning to Weight Watchers or taking dieting pills. In fact, one law firm appears to be getting fatter off the onslaught of libels against celebrities.
The Law Society is lobbying Pakistani president General Pervez Musharraf to push for the independence of the country's judiciary.
Research into levels of employee satisfaction among UK white-collar workers found that nearly a quarter are unhappy at work. This equates to around 6.9 million office professionals seriously dissatisfied with their jobs and possibly contemplating a change of employer, or even profession. What may be surprising to many is that lawyers were found ...
One of the most influential class action lawyers in the US, William Lerach, is considering leaving the firm he founded only three years ago.
Linklaters reaped around £15m in fees from Experian's demerger from retail group GUS last year.
Linklaters has piloted maternity coaching in an attempt to retain more of its female staff.
•Linklaters' profit-related bonus has gone up by £100 to £2,500 this year. All staff in London will receive the bonus, while legal employees across the globe will receive the market equivalent for their jurisdictions. The dividend is in addition to the performance-related bonus, by which lawyers can receive up to an additional 40 per cent of their salaries.
Linklaters is undergoing an overhaul of its computer systems after it awarded a multi-million pound contract to IT outsourcing company Unisys.
A workshop instructing judges about the letter of procedural law was held by the London Solicitors Litigation Association (LSLA) last week (21 May).
Global real estate business Cushman & Wakefield has put Lovells and Pinsent Masons on alert as it launches a European panel review.
Lovells and Denton Wilde Sapte (DWS) are celebrating a High Court victory that will almost certainly ensure the continuation of the £2bn redevelopment of London's King's Cross, one of the city’s largest-ever property developments.
•Birmingham-based Martineau Johnson has promoted two new lawyers to the partnership. Kavita Patel becomes a partner in the firm's funds team, while Michael Lawrence is promoted to partner in the property disputes group. Patel joined Martineau sixyears ago and has advised on public fund raisings and private equity investments in emerging ...
Dubai remains the undisputed ‘hot spot’ of the Middle East, with UK firms, such as Herbert Smith and Lovells looking to bolster their presences in the Emirates.
Does this sound familiar? Apparently the UK legal profession will shrink to around 20 firms. There will be some niche players in specialist areas, but the City mid-market will be engulfed in a frenzy of consolidation.
Ever the art lover, Tulkinghorn commends Herbert Smith on its new acquisitions, which are prominently hanging in its client meeting room corridors. Such accomplishment; the brushwork hinting at the very quiddity, the very simian Sein and Dasein, of monkeys. The playful, nay diabolical, glint in the left monkey's eye somehow undercuts the quizzical upturn of the head, while ...
Slaughter and May can add a new plc to its client list with the creation of Thomas Cook Group (TCG).
Tulkinghorn has been lucky enough to be given a guided tour around Lawrence Graham's - sorry, LG's - sparkly new building in Sarf Larndon. Although the firm has saddled itself with a confusing name (flatscreen TV anyone?) it has to be admitted that its Foster-designed newbuild next to Tower Bridge is something else.
From wooing magic circle firms from rivals to spearheading diversity initiatives, the College of Law's Nigel Savage has lifted the organisation from its lowest point back into the limelight
•Norton Rose has hired Clifford Chance senior associate Susanne Ullrich as a corporate finance partner to ramp up its Frankfurt office. Ullrich, who specialises in M&A and financial institutions, will be followed to Norton Rose by Clifford Chance associate Nico Naumann.
Norton Rose is launching a dispute resolution practice in Dubai, with Hong Kong partner Patrick Bourke relocating to head the group.
Norton Rose has seen its profit per equity partner (PEP) break the £500,000 mark for the first time.
Oman's real estate sector is booming and, after Sultani Decree No 12/2006, foreign investors are all after a piece of it, says Paul Sheridan
Only 4 per cent of the top 20 City firms' partners are black or minority ethnic. The Black Solicitors' Network aims to rectify this with a new approach to networking
Southampton firm Paris Smith & Randall has hired an in-house planning expert, becoming one of the first South East firms outside London to do so.
Arrrrrrrrr, shiver me timbers. If it wasn't Freshfields Bruckhaus Deringer that raised the Jolly Roger on not one, but two boats when out sailing last weekend. With notions of sportsmanship and fair play blown out of the water, the rigs, captained by David 'Hook' ...
Pinsent Masons has won its first piece of IT outsourcing work from Royal & SunAlliance after joining its panel last year.
Last week Lawyer News Daily asked who was acting for Chelsea manager Jose Mourinho's dog Leya. And the result was so amusing that the tail (arf, arf) needs telling again for those who may have missed it.
African wild beasts everywhere breathed a sigh of relief after the inimitable silhouette of DLA Piper competition partner and keen marksman Mike Pullen was seen retreating from the Kalahari horizon last week, gun and quarry over his shoulder.
The launch of the Qatar Financial Centre (QFC) Civil and Commercial Court has been welcomed by international businesses and law firms keen to advance in the Middle East and benefit from the fast pace the financial centre has developed in recent years.
Dear oh dear. How could have this footballing faux pas made it past The Lawyer's Web Week editor? "In your article 'Laying the ground rules' (21 May), you mention that both St Mirren and Dumfermline were relegated from the Scottish Premier LEague. Actually, St Mirren secured SPL survival on the penultimate day of the season, with a 3-2 win over Motherwell (making at least one City lawyer very happy). Kind regards, Ian Williamson,
Darragh Fagan of Italian energy company Eni has been appointed as assistant general counsel at Reuters for the Europe, Middle East and Africa regions.
The Dubai Financial Services Authority is increasingly aligning the Dubai International Financial Centre with the UK on investment fund legislation. By Mark Watterson and Tim Coak
With a population set to hit almost 50 million by 2050, the Saudi Arabian government is spearheading a flood of infrastructure projects. By Leroy Levy and Rachel Rayfield
London's Bircham Dyson Bell has promoted seven lawyers to the partnership.
Sharia-compliant funds are one way to get a foot in the door in the Mena region, say Neil Miller, David Baylis and Judy Kawaf
The New York office of Dewey Ballantine has suffered a three-partner exodus to Sidley Austin.
SJ Berwin is advising hotel group Vector Hospitality on its £2.64bn IPO on the London Stock Exchange's official list. The newly created company will list as a real estate investment trust (Reit), one of the first property companies to be set up as a Reit rather than converting to one. The deal is being financed through a mixture of debt, consisting of listed convertible bonds, term loans and equity. ...
•SJ Berwin has hiked associates' salaries, with a 16 per cent rise on its newly qualified rate. The £9,000 increase, up to £64,000, is in keeping with other City firms' raises, such as Ashurst, which announced the same increase on 22 May. First-year trainees at SJ Berwin now receive £36,000, while salaries paid ...
Alternative routes to qualifying as a solicitor will not be piloted this year as planned, the Solicitors Regulation Authority (SRA) has revealed.
Stephenson Harwood corporate partner Andrew Sutch has been re-elected for a second term as the firm's senior partner.
The Law Society of Scotland has been involved closely in the review and reform of the legal profession in Scotland. It is therefore disappointing that Which? did not contact the society or engage on the important issues raised by the consumer watchdog's super-complaint of legal rules in Scotland working against consumer interests.
What was your first-ever job?Packing frozen beefburgers - an experience that almost turned me vegetarian.
Having trimmed his team and cut legal spend, Nestlé's general counsel for Europe Trevor Brown has put firms on high alert with his first panel review in four years. By Ben Moshinsky
The award for stating the bleedin' obvious goes to the following: "I enjoyed reading The Lawyer's article on 21st May about how DLA Piper are doing a great job in preserving the Cutty Sark. Shame about the timing of it." Indeed.
Bird & Bird's revenue figure has exceeded the £100m mark to hit £115m, translating to a rise of 20 per cent.
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.
Weil Gotshal & Manges has scored the week's largest private equity deals on both sides of the Atlantic.
Clifford Chance's end-of-year financial results are spectacular. Two years ago, the firm's average profit per equity partner (PEP) lagged behind all of its magic circle rivals but successive 25 per cent growth spurts show just what can be achieved when you put your mind to it. See story.