29 November 2004
Allen & Overy (A&O) has won back Baugur after scooping an instruction to advise the Icelandic retail investor on a key deal.
Addleshaw Goddard is predicting an average profit per equity partner (PEP) of £400,000 after the firm posted a 13 per cent increase in turnover in the first half of the year.
Ashurst bypasses Eversheds to win Stanley Leisure joint venture work" /FTSE 250 gaming company Stanley Leisure has turned to Ashurst over Eversheds on its joint venture with Malaysian casino group Genting.
Australian lawyers have come under attack from the country’s opposition party over claims that high fees are preventing people from accessing the justice system.
Baker & McKenzie’s (B&M) London office has saved itself almost £250,000 on notepaper and toilet roll.
The vice-president of the civil division of the Court of Appeal last week sounded a warning on the future of the civil justice system, saying it was in a state where "things can only get worse".
Wrexham’s largest law firm, Gwilym Hughes & Partners, has been recognised for its expertise in child law. Head of the family law department John Lancaster has been a member of the Law Society-accredited panel for child law for 10 years. He has now been selected as a children’s representative, allowing him to represent not only adults, but also children involved in complex care proceedings.
Cobbetts has made promotions across its offices in Birmingham, Leeds and Manchester. The promotions increase the partner-count from 125 to 132, while 12 solicitors have been promoted to associates. Sefton Collett, Ian Riggs and Adrian Cutler have become salaried partners in corporate while Joel Heap and Andy Leach have become litigation partners. Lesley Smythe becomes a family law partner and Ross Griffiths a public services partner.
Clifford Chance is taking an axe to its entire Berlin office following a management review of profitability.
Clifford Chance and Linklaters have worked on the £391.7m collateralised loan obligation (CLO) of PFI loans – the first ever synthetic risk transfer within that asset class, which will boost the growing secondary PFI market.
Clifford Chance’s protracted battle with the defunct Brobeck Phleger & Harrison has taken another twist with a group of former Brobeck partners and some asbestos lawyers bidding to acquire the claim from the defunct firm.
Herbert Smith has scooped Ripplewood Holdings as a new client following a referral from US best friend Cravath Swaine & Moore.
Judicial reform is the number one priority for Croatia’s bid to improve its civil, government and business systems to prepare for EU membership, the European Bank for Reconstruction and Development (EBRD) has said in its 2004 Transition Report.
A major step towards stamping out inequalities in global trade has been taken with the establishment of a panel of European and US law firms to represent developing countries in World Trade Organisation (WTO) disputes.
Australian and Indian law firms have emerged as unlikely targets for DLA ahead of this Saturday’s (4 December) vote on the merger with Chicago’s Piper Rudnick.
DLA has recruited Pinsents’ head of IP to kickstart its Birmingham IP practice.
A three-way global merger and a DWS team will give DLA a formidable TMT practice. By Steve Hoare
Eversheds has announced plans to consolidate its Midlands offices under one management team following a similar process instituted in the North and South. Birmingham, Cardiff and Nottingham will operate under one banner, the central region, and with one management team from 1 May 2005. Managing partner David Gray said the restructuring means the firm will have less middle-managers and that those freed ...
Eversheds has won a place on the National Grid Transco (NGT) panel for the first time.
Primus Telecommunications’ former European general counsel Ashraf Mohammed has resurfaced at the Asian Development Bank (ADB).
Few firms have set up as easily as Winter Scott did in January 2004. All but one of its fee-earners – ship finance partner Jeff Morgan, who has just joined the firm from Stephenson Harwood – did not even have to move to new offices. They simply stayed at their old desks at ...
Keoghs partner Andrew Underwood has taken up a new role as president of the Forum of Insurance Lawyers (FOIL).
Maitland, the South African trusts advisory group that took on Linklaters partner Rupert Weber, has also hired former Macfarlanes partner Michael Hayes. Formerly a partner in the City firm’s highly rated private client department, Hayes will join as a part-time consultant next month. He retired from Macfarlanes in April, ...
Magic circle firm proposes tougher centralised process for sacking weaker partners; vote imminent
Freshfields Bruckhaus Deringer has been cast aside by longstanding client Scottish Widows Investment Partnership (SWIP) on the development of a new landmark property trust in favour of Dundas & Wilson.
Houston firm Fulbright & Jaworski is hiring Richards Butler litigation partner Lista Cannon as it prepares to launch a UK litigation practice.Fulbright has had a London outpost for two decades, but Cannon’s hire marks a strategic change in direction. It is understood that Cannon has been tasked to build a disputes practice to complement the firm’s extensive litigation and arbitration practice in the US.
Civil court fees are set to rise from 4 January, it was announced this morning (30 November).
DLA finds Gay pride
Tempers were frayed in a New York court room last week as South African mining company Harmony deflected litigation aimed at derailing its hostile bid for rival mining company Gold Fields.
The British Phonographic Industry is coming down hard on filesharers. Geoff Taylor and Simon Baggs report on the culling of the music thieves
Tomorrow is a big day for nine major City firms, which are going to be signing something called the Diversity In Law Statement of Intent. Some big guns will be attending: Tony Angel of Linklaters and Mike Francies of Weil Gotshal, to name but two. (As an aside, it’s interesting A&O is going to be there, given that it apparently doesn’t have a clue about which universities its UK partners went ...
Jones Day finance partner duo quits for Orrick" /Jones Day’s London office is facing the loss of two more legacy Jones Day partners. Finance partners Martin Bartlam (left) and Hazel Miller resigned last week to join Orrick ...
Kendall Freeman is fighting for its right to light as former client Land Securities proposes to build an 18-storey building in Fetter Lane. The firm has filed an application for an injunction to prevent Land Securities from going ahead with the planned 691,000sq ft office building, which is due to be built directly opposite Kendall Freeman’s nine-storey Fetter Lane building. Planning permission was obtained for the project earlier this year. The site is currently occupied by older offices. ...
The Law Society and the Bar Council have agreed on a revolutionary new scheme for the appointment of QCs, it was announced last week.
A landmark court victory for Laytons on behalf of Blackburn Rovers is expected to lead to a flood of claims by sports clubs against insurers.
Its parent company has received a hefty fine from US regulators, but that isn’t why Invesco has beefed up its legal team. Gemma Westacott meets head of legal Michelle Moran
Barclays has appointed Richard Daniel as the banking giant’s first ever chief operating officer (COO) for legal and compliance.
The managing partner unveiled a new training strategy at the recent personal development and motivational weekend. It was held in Dublin – motivation enough for anybody – but lawyers are awfully spoilt. If I was in charge, I’d book the local church hall and they’d have to lump it. Everyone spends the entire weekend in the bar, so they might as well be in the lager-reeking snug ...
Lex Mundi, the association for independent law firms, has admitted two new firms from Belgium and the Netherlands. Belgian law firm Liedekerke Wolters Waelbroeck Kirkpatrick and Dutch law firm Houthoff Buruma have joined following a vote of the board of directors at the association’s annual meeting in Auckland, New Zealand. The appointments bolster Lex Mundi’s membership to 163 firms globally, representing approximately 16,000 lawyers.
Linklaters scoops rare IT services IPO for Phoenix" /Linklaters has won Phoenix IT Group as a new client after advising the company on the first initial public offering (IPO) by an IT services company in more than two years.
A marketing plan is essential for retaining and winning business. But as Rod Sloane writes, focus is the key to making it successful
Mcgrigors has seen a massive upsurge in London work, with City turnover growing by 30 per cent in the past year as firmwide turnover rises by 5 per cent to £42.4m.
A two-year string of departures culminated last week in the exit of Shaw Pitt-man’s last three London partners. The loss of the trio, who are to join vibrant US rival Morrison & Foerster (MoFo), has sparked a rearguard action by the Washington firm to keep any London lawyers.
Last week’s front page story about Lovells’ half-year performance may have sent a shudder down the spines of its partners, but rumours that one has taken up residence outside the firm in a van in order to bill more are believed to be exaggerated. Nevertheless, reports reach Tulkinghorn that there is indeed a mysterious individual living outside the firm in a motorised home (ie a Ford Transit). Suggestions as to his identity gratefully received at the usual address.
The Home Office will be deluged with the mass of legislation proposed in the Queen’s Speech, say lawyers.
Nine top City firms are among a group of organisations launching a ‘common diversity in law’ policy tomorrow (30 November). It comes a week after David Lammy, the Minister for Constitutional Affairs, called on firms and chambers to look outside Oxbridge for recruits.
Norton Rose expands East Europe practice" /Norton Rose is consolidating its presence in Eastern Europe with a raft of high-profile deals as part of its ongoing push on international projects in EU accession countries and beyond.
Shortfalls in the proposed legal budget will make next year’s overhaul of the UK’s licensing system unworkable, the Government has been told.
The big casino players will be clamouring to invest once the Gambling Bill has been ironed out
Osborne Clarke is set to refocus its media finance team following the departure of film finance partner Phil Alberstat. The Canadian lawyer is leaving the firm in December to join the William Morris talent agency in Los Angeles as a film agent.
Manchester firm Pannone & Partners has snapped up a Mace & Jones partner. Andrew Rimmer will head Pannones’ construction team, which numbers seven lawyers. Rimmer specialises in construction disputes and the construction aspects of environment law, remediation contracts, procrurement and commercial developments. Clients including Bardsley Construction and Thomas Barnes & Son are following him to Pannones. First revealed on www.thelawyer.com 23 November
Was it Rich-Knowles that cut the lines? That’s the question reverberating around DLA Towers following last week’s power cut. The official line is that “workmen” digging in the road outside chopped through a cable. But the admission from the DLA top man that the powerless period resulted in fee-earners being more productive because they were forced to stop surfing the web and start dealing with papers has raised serious suspicions. Expect an imminent return to the quill in Noble St.
International firms had their best ever showing in last week’s elections for the Paris Bar Council.
Further steps have been taken towards the establishment of the new regulatory body for accountancy, including the appointment of a senior fraud QC as chairman of its disciplinary panel.Robert Rhodes QC, who has successfully defended a host of claims brought by the Serious Fraud Office, competed for the influential post against 1,000 other applicants.As chairman of the Accountancy Investigation and Discipline Board (AIDB) Rhodes will oversee the largest cases of alleged ...
Voice over Internet Protocol has been a smash hit in the US. But European legislation means it is not getting the same take-up over here. By Robert Bratby
Berwin Leighton Paisner (BLP) has settled out of court with one of its biggest clients Tesco after a dispute about the firm’s handling of a property deal.
City firm democratises management as it grapples with issues of succession
Rob Webster, a senior in-house lawyer at Sky, has been promoted out of the legal department to the newly created role of director, third party channels.
Wilkinson’s bid on behalf of bondholders failed, but the story isn’t over yet
Dutch M&A heavyweight Stibbe is to restructure its IP department and exit patent law following the departure of partners Jan Brinkhof and Kurt Stöpetie.
Tulkinghorn really got to show off his general knowledge at the annual United Kingdom Oil Lawyers’ Group’s quiz night last week. But his determination to prove that he was the brainiest lawyer at his table (hosted by Petro-Canada UK legal counsel Sean Rush) resulted in a rather embarrassing revelation.
The award for pompous correspondent of the week goes to one E Askew, who addressed The Lawyer thus: “Point of order, Liverpool is the North West’s LARGEST city.”
Nick Thomas, senior partner, Kennedys
Masons (Angela Cha) advised insurance company Aviva on the £225m outsourcing of its document services to business process outsourcing provider Williams Lea. Nicholson Graham & Jones (Howard Kleiman) advised Williams Lea.
Lovells is 21 per cent behind budget at the half-year stage. Incoming managing partner David Harris will have some big decisions to make. By Catrin Griffiths
Uefa is radically overhauling its in-house legal function in preparation for Euro 2008, to slash the amount of work it outsources to external advisers.
Partners at UK law firms in France are expected to suffer under the burden of rigorous new tax laws designed to close loopholes for international firms.
Wilmer Cutler Pickering Hale and Dorr has become the latest foreign firm to launch an office on the Chinese mainland.
Now this is more like it. Most weeks Tulkinghorn can be found penning withering words about the inanities and general crassness of most PRs. So how refreshing it is to report that one example of the art has reached his attention which displays the downright mean-spiritedness and back-biting that is so beloved by the journalistic trade – not to mention the legal profession.
Wragge & Co is advising pro bono on the firm’s first-ever death row case.
Birmingham giant Wragge & Co has become the latest firm to resort to managing out partners in a bid to bolster profits, The Lawyer can reveal.
Lawyers should take advantage of the twelve days of Christmas to review their finances. David Dale provides the lowdown on how to extend your festive cheer