31 January 2005
EEF undertakes the legal work of large businesses but is structured like a trade union. Joanne Harris reports on an employment lawyer’s Shangri-la
Last year saw some massive court actions and precedent-setting decisions, as well as a ‘sea of interpretative uncertainty’
Washington DC’s Arnold & Porter has continued its expansionist strategy with an eight-partner raid on Dorsey & Whitney’s New York office.
Ashurst is to send out private equity partner Simon Beddow to head up its German practice.
A group of eminent international lawyers gathered at the Law Society last Monday (24 January) to face the might of the UK legal press. Fresh from a trip around the House of Lords, the delegation included a US Supreme Court justice, the American Bar Association president and the Law Society’s own Ed Nally.
Lovells is losing Berlin-based tax and real estate partner Nikolaus Ley, who resigned formally on 21 January. It is understood that Ley is not affected by the firm’s radical plans to axe 25 partners in a bid to improve flagging profitability. According to a well-placed source, Ley is planning to launch his own practice with former Lovells partner Klaus Racky, who retired from the firm last October. First revealed on www.thelawyer.com 24 January
Berwin Leighton Paisner (BLP) is planning to open an office in the Middle East after a year of success for its new energy practice in the region.
The increased use of broadband as a connection method amongst UK internet users will provide a boost for employers wishing to take advantage of the internet as a recruitment tool. OfCom figures show that broadband now accounts for approximately one third of all domestic internet connections. The figures also show that 7.5% of the UK population have access to broadband. This compares to 15.8% in Holland and 6.1% in Spain (the top and bottom ranked countries on which data is available) and ...
Clyde & Co announced last week that partners Jonathan Wood and Derek Hodgson have both been named as chairs at the International Bar Association (IBA). Hodgson, joint head of maritime at Clydes, becomes the chairman of the IBA’s maritime and transport law committee, while Wood has become chairman of the IBA’s international committee. The latter examines legal issues fundamental to the development ...
Private equity specialist Markus Strelow joined the Frankfurt office of Mayer Brown Rowe & Maw as a partner on 1 January. Strelow was formerly a partner at Ashurst and is known for his work on leveraged buyouts.
Clifford Chance has strengthened its relationship with Kohlberg Kravis Roberts & Co (KKR) after landing a first-time UK instruction to advise the high-profile US buyout house on the £1bn acquisition of Travelex.
Magic circle firm rejects borrowing experiment out of hand; balance sheet benefits to tune of millions
The offspring of celebrated lawyers are getting everywhere these days.
The European Court of Justice (ECJ) will this week hear arguments in a case that will determine the legality of tax laws across the Continent.
Dechert has unveiled a strong set of results for 2004, with global turnover rising 8.6 per cent.
Deutsche Bank is to launch a review of its UK law firm panel for leveraged finance deals in a bid to slash its annual legal spend.It is understood that Deutsche will use the review to persuade external lawyers to write off legal fees more readily when a deal collapses.
DLA Piper Rudnick Gray Cary has secured German insurance capability for the first time with the hire of Clifford Chance insurance expert Dr Herbert Palmberger.
Tulkinghorn was terribly amused when he heard the story about the Lovells finance partner who recently received a call from a headhunter. The partner, who shall remain nameless to save him from blushes, was called in connection with a vacancy for a conveyancing lawyer at a Dover-based firm.
Denton Wilde Sapte (DWS) will rebuild its London contentious insurance and reinsurance practice after losing its five-partner group to Chadbourne & Parke.
An alliance of three global business organisations has called for widespread changes to the EU’s proposed directive on unfair commercial practices, saying the current draft “undermines legal certainty and confidence in cross-border trade”.
Ronald Greenspan, the trustee of Brobeck Phleger & Harrison’s bankruptcy estate, has issued a barrage of law suits against former partners, including ex-chairman Tower Snow, in a bid to recover some $275m (£146.3m) in distributions and bonuses.
On the wall of Druces & Attlee’s reception is a portrait of a grave-looking man in neat, black legal clothes. Charles Druce still watches over the firm that bears his name.
Mayfair firm Forsters has raided Kirkpatrick & Lockhart Nicholson Graham to bolster its private client team.
Property venture capital company Palmer Capital Partners (PCP) has appointed a raft of real estate finance lawyers from four firms to advise on investments under its new real estate investment funds. Real estate finance specialists from Berwin Leighton Paisner (BLP), Forsters, South East firm
More snippets have reached Tulkinghorn following the riotously successful Hot 100 party on 19 January. The favourite so far is the case of mistaken identity that left Travers Smith’s Charles Barter fuming: “F**k off, I’m not Charles Martin.”
Washington DC powerhouse Gibson Dunn & Crutcher has unveiled its 2004 financial results with turnover rising by 7.5 per cent to US$693.2m.
Gide Loyrette Nouel is further strengthening its London finance capability with the hire of a tax partner from Cadwalader Wickersham & Taft.
BLP halfway to happiness
Hammonds has lost yet another construction lawyer as its respected head of private finance initiatives (PFI) and public private partnerships (PPP), Nigel Proctor, leaves for Addleshaw Goddard.
Hammonds is reducing partner drawings by an average of 12 per cent in anticipation of a "significant" drop in UK profitability.
Hempsons has poached Irwin Mitchell partner Ross Clarke to create a new corporate team in Manchester.
Washington DC’s Hogan & Hartson and Scotland’s Dundas & Wilson have worked together on a string of high-profile hotel deals, including the recent acquisition of the Savoy Hotel.
Linklaters Brussels head of IP Carl De Meyer has defected to US firm Howrey Simon Arnold & White. De Meyer will be the US firm’s first IP partner in the Brussels office, which until now has concentrated purely on antitrust, although Howrey does already have IP expertise in London and Amsterdam. Howrey managing partner Bob Ruyak said his firm’s focus on contentious IP meant that De Meyer was a good fit ...
Linklaters has lost its Brussels head of IP Carl De Meyer to US firm Howrey Simon Arnold & White.
Ince & Co is moving from ageing premises to spanking new offices in London's as part of a significant ramp-up of its property portfolio.It has just signed heads of agreement to take over the lease of the two top floors of International Hous...
Jomati, the legal management consultancy run by former Clifford Chance and Andersen Legal managing partner Tony Williams (left), has announced a strategic alliance with US consultants Altman Weil. Both Jomati and Altman Weil have recently advised on transatlantic mergers, with Jomati advising on the Kirkpatrick & Lockhart-Nicholson Graham & Jones tie-up and Altman Weil handling the
French independent De Pardieu Brocas Maffei has snagged a leading tax lawyer from Jones Day in Paris. Emmanuel Chauve joins De Pardieu to head its tax practice, bringing with him a team that includes two senior tax associates from Jones Day and one from Freshfields Bruckhaus Deringer. Chauve was a partner ...
Kirkland & Ellis has raided Gibson Dunn & Crutcher to secure the firm’s high profile restructuring head, Rick Cieri.
Recently merged Anglo-American firm Kirkpatrick & Lockhart Nicholson Graham has taken six partners from the recently dissolved Testa Hurwitz & Thibeault.
Latham & Watkins has continued its winning streak after unveiling impressive financial results for 2004.
Latham & Watkins has secured a coup with the hire of Herbert Smith’s head of public international law, Robert Volterra.
A group of law school friends have taken the idea of pro bono one step further and set up a charity to help develop awareness of Aids in developing nations.
The Law Society and the Bar Council are urging for radical reforms to the way judges are appointed.
When they returned they looked like raspberry-ripple ice-cream: the Lawyer was white from the shock of the prices on the footballers’ estate, and Subbie was red in the face from shouting that it wasn’t fair, and she’d never be happy again if they didn’t live there.
Lewis Silkin has filed an appeal on behalf of its client Stephanie Villalba, the former investment banker who lost her sex discrimination case against Merrill Lynch in December.
Lewis Silkin has elected a new managing partner as part of a wide-ranging management shake-up.
Linklaters has appointed Paris managing partner Jean-Marc Lefèvre as its new European managing partner.
Lovells has concluded a consultation exercise on plans to overhaul the firm’s lockstep.
Lovells’ decision to refocus its German offices along practice sector lines contributed to the departure of Berlin managing partner Nikolaus Ley.
Watford-based Matthew Arnold & Baldwin (MAB) is in preliminary merger talks with 20-partner media and entertainment firm Goodman Derrick.
As part of the biggest shake-up in legal education for decades, the Law Society’s Standards Board has voted through far-reaching proposals that will allow students to sit final exams without having to undertake vocational or accredited courses.
Top Dublin firm McCann FitzGerald has bolstered its London office by sending a second partner to the UK.
Morrison & Foerster (M0Fo) has named Larren Nashelsky, who chairs the firm’s bankruptcy and restructuring practice, as its new US managing partner. New York-based Nashelsky succeeds Laurie Hane, who will return to her technology transaction practice in San Francisco on a full-time basis. Nashelsky will share management responsibilities with the firm’s two other managing partners, Mark Danis ...
Norton Rose has won a raft of new clients in the Middle East, which is growing in importance for the firm.
Ofgem, the gas and electricity regulator, has launched a full-scale review of its external legal panel.
The preparation of witnesses contrasts significantly on either side of the Atlantic
Insurance distribution company Primary Group has appointed Barlow Lyde & Gilbert partner David Arthur as Group Corporate Counsel.
Cable & Wireless’s (C&W) former associate general counsel has resurfaced at the Royal Bank of Scotland (RBS).
RHM Foodbrands, the main operating company which owns Mr Kipling cakes, Hovis Bread and Bisto Gravy group, has raided the AA for its new legal chief.
She’s had a hard time of it recently, but EastEnders’ Little Mo should be applauded for her grit. She’s battled the worst that life can throw at her and bounced back stronger than ever – and now she’s left Albert Square behind to bring her words of wisdom to the UK legal market. And not before time. Just before Christmas the plucky diminutive Cockney sparrer, under the stage name Margaret Manning of internet development company Reading Room, warned lawyers that around three-quarters ...
Shearman & Sterling has recorded a 6.8 per cent increase in global revenues, with turnover reaching $780m for 2004.
Simmons & Simmons has closed its first deal for Banco Santander Central Hispano after advising the Spanish bank on its first managed collateralised debt obligation (CDO), and is in line for repeat instructions on the programme.
Simmons & Simmons has settled an anti-Semitism claim with rebel partner Robert Schon. The City firm has stated that tribunal proceedings are no longer continuing. It is understood that Schon will remain a partner with the firm. As revealed by The Lawyer last year, Schon, a tax partner, filed his claim against Simmons on 19 July, in which he alleged anti-Semitism. First revealed on www.thelawyer.com 24 January
Speeches can turn anyone to jelly. Clare Willis provides a few pointers to keep you talking straight
Justin Spendlove has been appointed firmwide managing partner at Fried Frank Harris Shriver & Jacobson less than a year after joining the US firm.
The behemoth music industry bash threatens to metamorphose into a white elephant. By Matt Byrne
Two of the biggest jobs in the French legal market have been filled, with France Telecom and Thales both appointing new general counsel. Thales’ group general counsel Pierre Charreton takes charge of the 500-lawyer department at France Telecom, while former Alstom general counsel Andrew Hibbert has taken up the reins at 160-lawyer Thales.
Even in the heart of London, peaceful spots can still be found for a bit of solitary mastication.
A jurisdiction-by-jurisdiction rundown on the key legislative developments in the offshore world in 2004 and 2005
Companies Amendment Act 2004A new definition of 'charges' has been provided in order to better capture all security interests. The term 'charge' now includes any interest created in property by way of security, including any mortgage, assignment, pledge, lien or hypothecation.
Gibraltar's legislature has been busy recently, introducing a myriad of changes to its indigenous legislation in order to protect and enhance its burgeoning financial centre.
During 2004, significant amendments were made to the Protection of Investors (Bailiwick of Guernsey) Law 1987 in order to prohibit market abuse.
The Irish funds industry, through its representative body the Dublin Funds Industry Association (DFIA), is striving to broaden the range of investment fund products that can be established in Ireland and to maintain its position as one of the main investment fund domiciles of choice.
The years 2003, 2004 and 2005 will be seen as the period when the Isle of Man laid down new foundations to take its economy forward to meet the challenges of a globalised and, theoretically, more transparent world. Accordingly, the changes that occurred in 2004 should be seen as part of a strategy that is being rolled out by the island’s authorities. ...
The Financial Services (Amendment No. 2) (Jersey) Law 2005 came into force on 21 January this year. The amendment brings general insurance broking within the scope of regulation by its inclusion within the definition of ‘financial service business’ for the purposes of the Financial Services (Jersey) Law 1998.
The common experience of nations acceding to the EU is an avalanche of new legislation. Malta is no exception. Although preparations have been in progress for more than 10 years, at least since 1993, it was inevitable that more should have been done by 1 May 2004. Fortunately, the main legislative infrastructure was already harmonised to EU law and ...
It is tempting, but incorrect, to group Monaco with the number of ‘offshore’ jurisdictions that offer products and services to individuals or groups situated elsewhere. Monaco is not offshore in the sense that there are no offshore International Business Corporations (IBCs) or similar vehicles available in Monaco.
A proposal to modify the household tax regime to mitigate an increase in the tax rate for married couples’ aggregate income, and to change the tax treatment of deemed rental income from real estate owned for personal use, was rejected by public vote on 16 May 2004. However, those issues remain in the pipeline for modifications in 2005.
The proposed new law seeks to provide for cooperation between the Cayman Islands and other jurisdictions in relation to the exchange of information regarding taxation matters.
Steven Booth, managing partner, IBB Solicitors
The Criminal Cases Review Commission is fighting on behalf of wrongly convicted prisoners – but is also fending off criticism for not being proactive enough. Jon Robins investigates
More than a third of law firms say they will never convert to limited liability partnership (LLP) status, according to a new survey.
Hammonds’ beleagured IP and construction practices have suffered another blow with the departure of three more partners.
Baker & McKenzie (Marc Mariani, Isabel King-Cabot, Stephanie Prud’hon) advised Morgan Stanley Real Estate Fund IV and the Fonciere des Regions fund on their acquisition of IBM France’s property portfolio. IBM France advised by Jones Day.
Reed Smith’s UK revenues comfortably outstripped the rest of the firm with turnover rising 29 per cent during the last year to $36.2m compared with a 19 per cent rise across the whole firm.
It looks like 2005 is set to be the year when unfashionable firms come good, if preliminary year-end figures from the US are anything to go by.
White & Case has cemented its relationship with Land Securities Trillium (LST), the property outsourcing arm of Land Securities Group, after helping to secure a novel outsourcing arrangement with Barclays Bank.
White & Case has unveiled its new look partner compensation system after concluding its sweeping remuneration review earlier this year.
White & Case’s London office has claimed an astonishing 73.9 per cent profit rise in 2004, with several other US firms also reporting impressive year-end results for their UK outposts.
White & Case is predicting a stellar set of financial results for 2004 with an increase in global revenues of almost 20 per cent.