3 July 2006
New Square, just off Chancery Lane, is a good place to find an IP barrister if you ever need one. The picturesque quad is home to specialist sets 3 New Square, Hogarth Chambers and 8 New Square.
Magic circle firm Allen & Overy (A&O) has posted double digit growth in both its turnover and profit but it still lags behind its magic circle rivals.
Allen & Overy (A&O) has put a second partner into its Beijing operation after it emerged that the firm had poached Freshfields Bruckhaus Deringer's former ...
Allen & Overy (A&O) is expected to reveal double-digit growth in both turnover and profit when the magic circle firm publishes its limited-liability partnership (LLP) accounts later this week.
The NHS has received one of the biggest-ever bills for legal work in the public sector, breaking all records for a major project, with more to come as the National Programme for IT in the NHS has yet to complete.
Addleshaw Goddard has linked with Cranfield School of Management to help the law firm develop a system of key accounts management similar to that used by major corporations.
Lawyers have warned that the US Equal Employment Opportunity Commission's (EEOC) long-running age discrimination lawsuit against Sidley Austin could signal the end of current partnership structures.
It sounds like the plot for another bad Hollywood movie: Arnold Schwarzenegger on a mission to China, accompanied by, err, his lawyer.
There were celebrations at Ashurst, Jones Day and Lovells on 19 June after the Competion Appeal Tribunal (CAT) upheld their clients' appeals on interchange fee arrangements. The CAT set a September 2005 Office of Fair Trading (OFT) decision aside after the OFT had made the unprecedented move of withdrawing its decision ...
The battle for BAA has ended with Ferrovial - and Freshfields - as the winners. Husnara Begum reports
The Court of Appeal has this morning (5 July) reduced the fine imposed on railway company Balfour Beatty for health and safety breaches leading to the Hatfield rail crash.
Bar chair Stephen Hockman QC and Desmond Browne QC, chair of the bar's Legal Services Bill Response Group, gave evidence to the joint committee scrutinising the draft bill last month.
Women account for nearly half of all new barristers each year, but are still failing to make up ground in the profession as a whole. This sobering news comes courtesy of the Bar Council's annual statistical report, which is a more gloomy affair each year.
A US influence is pervading Japanese business, opening up a whole new litigation market for the country's law firms. Dominic Roughton reports
Beijing-based Jun He Law Offices has become the third Mainland China-headquartered law firm to open in Hong Kong.
As the World Cup goes on, the winner for the bar is clearly Blackstone Chambers' Michael Beloff QC, appointed as the UK representative on Fifa's ad hoc arbitration panel. Beloff is there to advise teams with problems and disputes.
Berwin Leighton Paisner (BLP) may be forced to pay back up to £3m to long-standing client Alpha Airports for damages claimed to have arisen from the firm's advice on a £7.5m catering contract with Icelandic charter airline Excel Airways.
Boodle Hatfield has strengthened its private client and tax team with the appointment of litigator Sofie Hoffman. Hoffman joins the firm's contentious trusts and probate team from the legal services department of Lloyd's of London. Hoffman joined Lloyd's in 2001 from Allen & Overy's specialist trust, asset-tracing and fraud claims group, a part of the firm's banking and finance litigation team. ...
Edinburgh-based firm Brodies is to merge with fellow Scottish firm Bishops next month, creating a Caledonian big-hitter boasting 47 partners and over 200 fee-earners.
Birmingham firm Buller Jeffries has merged with commercial property and private client firm Dawkins & Grey. Judy Bonegal and Roger Williams join as partners. The merger coincides with the promotion to partner of Clive Vernon, head of Bullers' commercial property and private client department, who will head the newlyenlarged team.
Cadwalader Wickersham & Taft has been caught up in a shareholder dispute with Northwest Airlines after it was revealed the firm was paid $1m (£550,000) for bankruptcy advice before the airline even filed for Chapter 11 protection.
Cadwalader Wickersham & Taft has finally filled the vacancy in its tax group hiring a senior associate from Allen & Overy after the firm's last appointment was convinced to stay at Clifford Chance.
Clifford Chance has picked its first people partner to help drive forward the firm's HR policy as well having overall responsibility for career development.
Clifford Chance has hired rated China corporate partner Rupert Li from Morrison & Foerster, continuing the spate of high profile moves by the magic circle in Asia.
Clifford Chance Wong, the firm's Singapore partnership, set a new standard there last month when it advised on the world's first Morgan Stanley Capital International (MSCI) India exchange-traded fund to be listed in the country.
Shanghai-headquartered firm Chen & Co has become the second People's Republic of China-based law firm to be granted a foreign law firm licence in Hong Kong. Managing partner Frank Chen will oversee the new office, which will only offer China advice. King & Wood is the only other China firm to have been approved by the Law Society of Hong Kong as a registered foreign firm.
Clyde & Co is making a play for the US litigation market with the hire of four partners from US firm Condon & Forsyth and with new offices in New York and Los Angeles (LA).
Berwin Leighton Paisner (BLP) has potentially landed its largest client, Tesco, in hot water with the Competition Commission.
The bar is becoming increasingly commercial and clients are starting to take advantage of that, particularly in the public sector.
Hammonds' victory over the Football League in the High Court was swiftly followed this week by its best results for some time. The firm does not yet know if it has to fight the Football League on appeal. The Football League, citing the World Cup as its excuse for needing more time, succeeded in obtaining six weeks to file its application.
Czech Republic firm Peterka & Partners has opened an office in Kiev, its second international office, as it looks to expand across Eastern Europe.
Polish independent firm Domanski Zakrzewski Palinka and Scandinavian firm MAQS Law Firm have linked up to help service the increasing amount of cross-investment between the countries.
It's hoped that China's accession into the WTO should prove lucrative for foreign organisations
North West firm DWF has promoted seven associates to partner after a record year. Insurance litigation specialist Robert Gray and industrial disease specialist Daren Charlton are made up in Manchester. In Liverpool, insurance specialists Tim Hoy and Juliet Herzog are promoted alongside property lawyer Andrew Nichol, corporate expert Philip Whitehurst and resourcing sector head Emma Harvey. Managing partner Andrew Leaitherland said the promotions underlined the firm's continued growth ...
Two former Denton Wilde Sapte (DWS) energy partners have joined Texas-based energy giants.
Denton Wilde Sapte has launched an association with French independent Poulain & Associés to strengthen its French insolvency expertise.
It has been a wonderful World Cup but for now, Tulkinghorn is sulking....
Eversheds has taken on Denton Wilde Sapte (DWS) planning partner Stephen Webb as the national giant aims to ramp up its planning offering.
French independent Jeantet Associés and Australian national firm Clayton Utz have joined forces in a unique secondment relationship.
French firm Gide Loyrette Nouel has continued its push into Asia by launching an office in Hong Kong.
Freshfields Bruckhaus Deringer's latest lateral hire has raised a few eyebrows. As first revealed on www.thelawyer.com (28 June), Freshfields announced that insolvency star Nick Segal is flying back to the UK after a three-year stint in the New York office ...
The stub equity structure used in Ferrovial Group's successful £12bn takeover of BAA appears to have become something of a trademark for the Spanish construction group's legal adviser Freshfields Bruckhaus Deringer.
Freshfields Bruckhaus Deringer has sought to play down the departure of long-serving Cologne corporate partner Jürgen Sieger, who has left for Cleary Gottlieb Steen & Hamilton.
There isn't a bigger IPO in Asia this year than the estimated $12bn (£6.59bn) Industrial & Commercial Bank of China (ICBC) flotation. Perhaps unsurprisingly, Freshfields Bruckhaus Deringer ace corporate lawyer Teresa Ko features prominently on yet ...
Freshfields Bruckhaus Deringer's partners have voted in favour of ditching the magic circle firm's cherished all-equity partnership model.
Linklaters land LSE bond issue appointments" /Freshfields Bruckhaus Deringer and Linklaters have bagged roles in the debut bond issue by the London Stock Exchange (LSE) as the bourse remains ...
Technological developments are slowly permeating every aspect of business in Asia and law firms would be well advised to keep up, says Lindsay Esler
Partners at Garrigues have unanimously re-elected managing partners José María Alonso Puig and Miguel Gordillo Moro to serve another four-year term.
Gazprom Market and Trading, the UK subsidiary of the Russian natural gas giant, has appointed a new head of legal.
General Motors (GM) has appointed Jenner & Block head of corporate Robert Osborne as its new general counsel. Osborne, who has advised the company for more than 20 years, will join in September. He replaces Tom Gottschalk, who will remain with the company as head of law and public policy. Osborne will report to Gottschalk and GM chairman and chief executive Rick Wagoner.
Today's younger lawyers need to feel their career has clear direction and that they are guaranteed support in their professional progression. Reputation and loyalty alone are no longer enough to attract or retain employees, and law firms need to make a recognisable commitment to employees' career development.
Law firms could soon list on the stock exchange. The Lawyer assesses the prospects of five UK practices to see whether the move would make good financial sense
Hammonds has seen profit per equity partner (PEP) rise by 61 per cent to £328,000 after a year of tough management. Turnover rose by 4 per cent to £132.7m. Hammonds is now running with a profit margin of 23 per cent, up 7 per cent on last year's 16 per cent. Hammonds has also reduced its borrowings by 38 per cent and plans to continue to cut its overdraft, which in the past has been as high as £30m.
Herbert Smith has raided Lovells' Paris office for a two-lawyer team to strengthen its acquisition finance offering.
Hextalls has appointed head of employment Jane Liddington as its first non-executive chair as part of a new management structure. Liddington will be responsible for mentoring Hextalls' staff, as well as for internal and external communications. Matthew Clark continues as the firm's chief executive - he is due to visitthe US later this year ...
Shearman & Sterling’s London office has been hit by the departure of highly rated M&A partner Jonathan Coppin for the UK arm of Hogan & Hartson.
Howard Kennedy and Brick Court Chambers' Andrew Lydiard QC have found themselves the target of a claim brought by a former client who says he suffered loss of opportunity following their advice.
Hunton & Williams has vindicated its approach to domestic energy work with its role advising Gazprom on the Russian gas giant’s move into the UK market.
Large-scale insolvencies and restructurings have been largely absent from the UK market over the past few years. However, lawyers working in this area are having to get to grips with a number of new factors that have changed the way they go about their work.
Irwin Mitchell assists BA class action" /Irwin Mitchell is joining forces with US class action specialists Cohen Milstein Hausfeld & Toll in its fight against airlines charging passengers fuel surchages.
Italian lawyers have taken part in an exercise designed to reassure investors and other market participants in the Italian capital markets following changes to securities law in the wake of scandals such as that involving Parmalat.
PricewaterhouseCoopers’ (PwC) associated law firm Landwell has rebranded in an effort to ally itself more closely with the Big Four accountant.
The Law Society has moved in to defend Denton Wilde Sapte (DWS) against accusations that it was involved in the prosecution of a Ugandan opposition politician.
The Law Society's annual deficit rose again last year to nearly £8m, its recently published accounts reveal.
LeBoeuf Lamb Greene & MacRae has matched other US firms in London by raising its newly qualified (NQs) salary to £75,000.
Linklaters has topped the European M&A tables for the first half of 2006, advising on $259.3bn (£140.4bn) worth of deals in 136 transactions, according to data from Thomson Financial.
Linklaters set up in Madrid six years ago and since then it has pursued a strategy of cherry-picking leading corporate, banking and commercial lawyers from local firms.
Lovells has won a major House of Lords victory for Barclays over the bank's duty of care in situations where a freezing order has been made.
Clifford Chance scooped the top prize at The Lawyer Awards last week, winning Law Firm of the Year after a stellar 12 months.
Mayer Brown Rowe & Maw's (MBR&M) Paris office has bagged a partner from French independent Veil Jourde, boosting the firm's corporate team.
An exasperated Microsoft is edging closer to fines of e2m (£1.4m) a day for breaking EU competition rules, despite following the European Commission's plan for compliance.
Milbank Tweed Hadley & McCloy has scooped an instruction to advise Macquarie Bank on its acquisition of Stagecoach's London bus operations.
Alternatives to pre-pack administrations are being sought in a bid to find a better solution for creditors of insolvent business. Carolyn Swain reports
Wales-based law firm Morgan Cole has increased profit by an extraordinary 30 per cent, while recording a slump in turnover.
Norton Rose has recorded a sluggish year of growth, with turnover up just 3.5 per cent and average profit per equity partner (PEP) up by 4.7 per cent.
London's legal education market has just got hotter than ever before. Not only will the College of Law and BPP Law School be opening second sites in London in September to house a further 1,500 students, but rival Nottingham Law School (NLS) is planning to launch in the capital in conjunction with US business training giant Kaplan ...
Orrick Herrington & Sutcliffe has swooped on Cadwalader Wickersham & Taft for two structured finance partners, including the high-profile James Croke, for its New York office.
Orrick Herrington & Sutcliffe is set to introduce a formal pilot secondment programme in a bid to better integrate the firm's growing international network.
With the pensions issue back in the headlines, companies undergoing restructurings would do well to consider the latest legislative developments. Richard Tett and Catherine Derrick report
Midlands firm Freeth Cartwright has appointed its 100th fee-earner. Adam Watson joins its Nottingham commercial property team from Warwickshire firm Lodders.Sheffield firm Wake Smith's trust, tax and probate partner Michael Tunbridge has repl...
AOL UK head of legal Phil Whall believes the internet has crossed a frontier and is just starting to fulfil its potential. Matt Byrne reports
At a time when the Government's desire to be tough on terrorism has witnessed a series of events that have increased tensions between it and the UK's Muslim community, it is heartening to see continued Government support for one success story: the growth of London as a centre of excellence for the development of the Islamic finance industry.
Richards Butler is preparing to launch a new office in Dubai, The Lawyer can reveal, just days after the firm signed an association with Swiss firm Chabrier & Partners.
Royal Mail has transformed its in-house legal team, scooping former Exel legal chief Doug Evans to replace longstanding general counsel Catherine Churchard.
The University of Salford is building a new law school to compete with local rivals BPP Law School's Manchester branch, the University of Manchester Law School and Manchester Metropolitan University Law School.
Pinsent Masons, Linklaters and Scottish firms Dundas & Wilson and Shepherd and Wedderburn advised on the £352.2m South Lanarkshire Schools PFI project. The scheme is the third-largest bond-financed schools project in ...
Simmons & Simmons is looking to overhaul its remuneration system to encourage cross-border team work and cross-selling across jurisdictions.
SJ Berwin has firmed up its relationship with private equity house TDR Capital following former corporate finance partner Blair Thompson’s appointment as the group’s chief cooperating officer (COO) in May.
After what has been one of the most tempestuous courtships of recent times, Mittal Steel has finally succumbed to Arcelor. The deal has been an epic battle for the companies and, of course, their law firms. Mittal, advised by Cleary Gottlieb Steen & Hamilton, first approached Arcelor at the end of January. Arcelor, advised by a
London’s magic circle has profited from a buoyant legal market in Spain, but is still a long way from challenging Madrid’s local elite.
The Far East has generated a swathe of newspaper headlines in recent months. While Japan maintains its status as Asia's largest and most sophisticated financial market, Allen & Overy is putting its Tokyo office under review and Cleary Gottlieb Steen & Hamilton was forced to close its underperforming Tokyo office ...
What was your first-ever job?
Travers Smith has posted significant increases in both total revenues and profits for the 2005-06 financial year.
Travers Smith and New York-based Milbank Tweed Hadley & McCloy acted for ClinPhone's London Stock Exchange IPO. ClinPhone is a specialist supplier of technology solutions to the clinical trials industry. It will have a market capitalisation of £94m on listing. The IPO included a £60m placing of new and existing shares. Investec acted as sole sponsor, financial adviser and underwriter. Travers ...
The mergers just keep coming. On the same day as 11 New Square and 11 Old Square joined to become Radcliffe Chambers, Two Field Court and 17 Bedford Row merged to form Field Court Chambers.
George W Bush has sought to portray the US-led 'war on terror' as a struggle for democratic values, yet for the past four years the US has held 480 men in Guantánamo Bay without trial. Only 10 have even been charged with a crime. Nineteen-year-old Mohammed El Gharani, seized at age 14 from a Karachi mosque, is not one of those 10. Kept in solitary confinement, he languishes in jail with no hope of trial and has attempted suicide twice this year.
MEANWHILE, India remains firmlyin the minds of the UK firms, witha range of mid-market operations now setting their sights on the lucrative work available in the country. Lawrence Graham set the tone when it closed a $25m (£13.7m) acquisition in India within the past month. The firm also featured on one of the highest-profile deals out of the country in recent times, advising nominated adviser ...
The map of the offshore market will have to be redrawn again following the decision by Walkers to merge with Jersey-based Crills Advocates to create a 33-partner offshore powerhouse with offices in the Caribbean, the Channel Islands, the Middle East and Asia.
The make-up of company creditors is ever-evolving and the legal implications must be considered carefully, say Swati Patel and Mark Fennessy
Newcastle's Watson Burton has raided Field Fisher Waterhouse (FFW) for a construction and PFI team to boost its new London office.
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.
With that odd mixture of arrogance and insecurity, the most ambitious City partners are constantly comparing themselves with their rivals. It's par for the course in an industry stuffed with type-A overachievers, and it's at its most acute during the financial reporting season.
White & Case has raided Ashurst to hire M&A and corporate finance specialist Philip Broke as its new co-head of the UK corporate practice.
White & Case has won the instruction to advise the lead arrangers providing the financing of Mittal Steel's €26.9bn (£18.59bn) acquisition of rival Arcelor.
Media boutique Wiggin has recruited Olswang head of sports Michael Brader as head of corporate. Brader, who has been a corporate partner at Olswang since 1998, is set to join the firm in September. Brader advises clubs, rights holders and sports rights management and investment companies on all forms of fundraising, joint ...
Willkie Farr & Gallagher has raided Freshfields Bruckhaus Deringer to take Paris antitrust and competition head Jacques-Philippe Gunther.