31 July 2006
Maclay Murray & Spens may have its issues by growing its private equity team in London after the loss of high-flying partner Graeme Sloan to Latham & Watkins, but it has had no difficulty at all growing its profit last year.
Barnetts Solicitors has hired senior fee-earner Laura Gill into its conveyancing team from London-based firm Knox Ukiwa & Co, where she worked as a trainee solicitor.
John Hand QC has been head of chambers at 9 St John Street in Manchester since 1988 and in his years of service he has never had a year quite like this one.
Congratulations to Peter Crisp. The BPP Law School chief executive plans to marry his partner of 20 years, Jeremy Crouch, at Camden Town Hall next month in a civil partnership ceremony. Crouch, a tax accountant, romantically informed Crisp that "there are very sound tax reasons for doing it".
Allen & Overy (A&O) has raided magic circle rival Clifford Chance for a new competition law specialist.
Allen & Overy (A&O) and Clifford Chance have been called up for a second time to advise Manchester United and JPMorgan on a £660m debt refinancing that increased the amount of money borrowed against the club's assets, but reduced its exposure to payment-in-kind notes (Piks).
Slaughter and May has shown its strength in the pub operator market, acting for Whitbread on the sale of 239 pubs to Allen & Overy (A&O) client Mitchells ...
As chats over lunch go, it was pretty casual. There was no presentation, no pie charts, no powerpoint. But when the Allen & Overy (A&O) management lightly floated the idea of combining forces, Freshfields' reaction was a polite no.
A fundamental attraction of AIM as an alternative to more mainstream investment markets has been its flexibility resulting from its lighter regulatory regime. So, it perhaps was not surprising that the advent of the EU Prospectus Directive in July 2005, designed to harmonise securities offers across the European Economic Area (EEA), was greeted with a degree of trepidation as a result of fears about the negative impact this additional level of regulatory requirement would have on the market.
Midmarket firms often bandy about the old cliché 'punching above our weight', but partners Robert Amsterdam and Dean Peroff regularly take on opposition that larger firms would not dare to touch.
Ashurst grows in Middle East via International Power link-up" /Ashurst is expanding its fledgling presence within the Middle East off the back of its growing relationship with new client International Power.
The Lord Chief Justice, Lord Phillips of Worth Matravers, has scheduled a summit meeting with commercial judges to plan groundbreaking reform of case management procedures, following the record length of the BCCI trial.
Norton Rose is outsourcing its solicitor-advocate training to BPP Professional Development in an exclusive deal.
The proposed merger between Bryan Cave and Squire Sanders & Dempsey has collapsed after the two firms failed to reach agreement over the structure of the tie-up.
South West firm Burges Salmon has seen its profit per equity partner (PEP) fall below rival Osborne Clarke for the first time in five years despite posting a 13 per cent rise in PEP.
Burness has brought to an end a period of almost four years without a managing partner at the same time as introducing a complete new management structure.
CMS Cameron McKenna has made a rare lateral hire, scooping Howrey's renowned London IP head Isabel Davies.
Clifford Chance will advise the Olympic Delivery Authority (ODA) on the £250m construction of the main London 2012 stadium. Construction partner Tim Steadman will lead the team. The confirmation ends speculation on which of the five firms on the ODA's panel, announced ...
Celebrity libel actions have more than doubled during the last year as the English courts have witnessed a dramatic increase in the total number of defamation cases.
Clifford Chance is strengthening its relationship with client Permira by teaming up with the private equity house to offer free legal advice.
The PPP market may not be as lucrative as global infrastructure project financings, but it remains vitally important for law firms looking to run successful project finance practices.
The Department of Trade & Industry has axed Cobbetts from its panel for the Insolvency Service for England and Wales in favour of a selection of regional rivals.
The new unified court services is costing £1.5bn to run, its first annual report revealed last week (25 July). Her Majesty's Court Service (HMCS) was set up in April 2005 to integrate the running of magistrates' courts, Crown courts and country courts, as well as the Royal Courts of Justice. It covers 650 courts in total. In 2005-06 the cost of running the courts was almost £1.5bn. HMCS made £538m from various sources, including court fees and fines, meaning the net cost to the Government ...
DLA Piper Rudnick Gray Cary is to create an international corporate and social responsibility (CSR) committee to help drive forward its global pro bono effort.
DLA Piper Rudnick Gray Cary is acting for Mother Bidco, the consortium which has pushed aside a rival bidder to place recommended offer for retirement home developer McCarthy & Stone.
SJ Berwin oversee first instances of 'roof tax' system" /Denton Wilde Sapte's (DWS) and SJ Berwin's real estate departments have advised on the first commercial development to utilise a 'roof tax' system that could form a model for an alternative to the Government's controversial planning gain supplement tax.
Eversheds equity partners will share out £12.5m in extra profit over the next eight years thanks to new accounting rules.
Eversheds is beefing up its London finance capability by relocating real estate finance head Nick On from Newcastle to the capital.
Two Lancashire firms, Napthens and Roscoes, are merging to create a new £7m corporate and commercial outfit headquartered in Preston. Both firms are more than 200 years old. However, last year each independently conducted strategic reviews, both of which concluded that a merger was necessary if they were to achieve their strategic ambitions. On Friday 21 July, the partners of Napthens and Roscoes signed ...
Fladgate Fielder has launched a German private equity practice with the hire of Allen & Overy senior associate Alex Kaufmann.
Fladgate Fielder has suffered a rare partner departure with property specialist Adrian Leavey joining Trowers & Hamlins.
Linklaters and Freshfields Bruckhaus Deringer advised on the $1.5bn (£822m) flotation of mining company Nikanor, the largest-ever AIM listing. Nikanor is the holding company of a copper and cobalt mining group in the Democratic Republic of Congo. Most of the funds raised will be used for the redevelopment ...
The Financial Services Compensation Scheme (FSCS) has expanded its in-house legal team with a raid on Eversheds following a shake-up of its internal function.
The UK Gambling Commission's new general counsel Neil McArthur has vowed to start preparations to ensure a smooth transition in preparation for the UK Gambling Act, which is due to come into force in a little over a year.
The General Medical Council (GMC) has dropped Eversheds and Mills & Reeve from its panel, retaining Field Fisher Waterhouse (FFW) as its sole adviser.
There are over-achievers, and then there's Jill Parker. The Berwin Leighton Paisner (BLP) associate recently qualified for the Great Britain triathlon team for the World Championships in September - all while holding down her full-time property finance group role. BLP partner Mark Waghorn told Tulkinghorn that Parker had only realised she might be in with a shot of a serious athletics career ...
Hammonds is celebrating after its fight with the Football League finally came to an end today (4 August).
Hammonds has lost its fourth equity partner in a week, with finance star Alex Dell quitting the firm for DLA Piper Rudnick Gray Cary.
Congratulations to the boys from 3 Serjeants' Inn, who emerged victorious from a sun-baked The Lawyer Legal Fives football tournament on Sunday 16 July.
Herbert Smith has decided not to act for clients suing the big four accountancy firms after losing the Equitable Life case last year.
West End firm Howard Kennedy is launching a dedicated planning department with the appointment of English Heritage's legal chief.
The government was last week embroiled in a row with the committee charged with the pre-legislative scrutiny of the draft Legal Services Bill.
South East firm IBB Solicitors has secured Dolce & Gabbana as a new client, advising the designer Italian fashion house on a lease agreement for new showroom premises in London.
The newly merged Fox Mandal Little (FML), India's largest law firm, has petitioned the Indian government to open up the country's legal market to foreign law firms, proposing five steps that could speed up the process.
The year of the outsized outsourcing project continues apace. In the private sector greater power has shifted to buyers of IT systems. BAE Systems' $1.9bn (£1.03bn) contract with Computer Sciences Corporation (CSC) allows the defence company to go back to the market to find new suppliers for different elements of its IT operations if it is unhappy with CSC's performance.
Kirkpatrick & Lockhart Nicholson Graham sealed a groundbreaking run of innovative AIM deals earlier this month when it advised the first Japanese company ever to have its shares admitted to the exchange.
Former Mayer Brown Rowe & Maw (MBR&M) securitisation star Mark Nicolaides has resurfaced at Latham & Watkins to spearhead the firm's drive into the European asset-backed ...
Latham & Watkins advised scooter manufacturer Piaggio, the maker of the iconic Vespa, on its f315m (£214.95m) global offering of almost 119 millon ordinary shares, plus almost 18 million additional ordinary shares (pursuant to an overallotment option exercised on 18 July 2006). Piaggio was advised by London-based corporate partner Michael Immordino. Milan firm D'Urso Munari Gatti Studio Legale ...
The first-ever conference on diversity in the UK legal profession, organised by The Lawyer, took place last week as the Government indicated it was becoming increasingly impatient at law firms' responses to the issue.
Polish independent Wardynski & Partners has become Poland's sole representative in the Lex Mundi network. The 19-partner Wardynski has offices in Warsaw, Poznaƒ and Brussels and specialises in project financing, corporate M&A and taxation. Wardynski senior partner Pawel Cieçwierz said: "Our membership with Lex Mundi is an opportunity for our firm to cooperate even closer with renowned law firms across the globe. I'm confident that our clients will be the first and foremost beneficiaries ...
Lupton Fawcett nets Gordons partner" /Leeds-based commercial firm Lupton Fawcett has bagged the head of insolvency at Gordons. David Smyllie joins his new firm as a director and will work in the insolvency and corporate recovery department. Before joining Gordons, Smyllie was a partner at
Maclay Murray & Spens chief executive Magnus Swanson said the firm "beat expectations" as it released its end-of-year results on Friday (28 July).
It is not just corporate lawyers that have reason to cheer the M&A boom. The increasing use of capital markets to raise funds for acquisitions has given a fillip to the debt markets.
As attitudes towards outsourcing become more refined, lawyers need to ensure they are up to speed. Michael Chissick and Belinda Doshi report
White & Case has furthered its bid to develop a dedicated financial regulation advisory team with the hire of John Reynolds from the London office of US rival McDermott Will & Emery.
McDermott Will & Emery is set to land Baker & McKenzie securitisation partner Paul-Michael Rebus for its London office.
Mirza Ahmed leads the charge at the UK’s largest local authority, Birmingham City Council. By Jon Parker
Things just keep getting worse for BetonSports. Now it emerges that Mishcon de Reya dumped it as a client in a rare example of a law firm turning down money.
Mishcon de Reya has won damages of over £800,000 for a company secretarial assistant who was bullied by fellow employees at Deutsche Bank.
Changes are afoot in the process for settling patent disputes across Europe, with two new models battling it out for supremacy. But don't hold your breath, say Nick Gardner and Sebastian Moore
Pinsent Masons has appointed Rosemary Jay to head the firm’s information law practice.
Perhaps the biggest criticisms of the new silk appointment process have come from those who acted as referees. Initially positive reactions from hour-long telephone conversations with recruitment consultants turned to disbelief when written references were sent for approval. It seems that our learned friends had trouble understanding the new process and became terribly upset when their comments were sent back to them. Recruiters Odgers Ray & Berndtson say they were only following instructions.
Norton Rose ramps up European teams" /Norton Rose has made significant reinforcements to its European finance offering, with a triple hire in Paris and the arrival of another partner in Rome.
There are signs that the old guard of the bar are gradually making way for youthful successors following a month of changes at the top.
Pillsbury Winthrop Shaw Pitman's London office is targeting the AIM market following a raid on Osborne Clarke.
Hammonds has lost its fifth equity partner in two weeks as Manchester corporate head Stephen Levy joins Pinsent Masons.
Pinsent Masons has scrapped its chosen markets strategy, replacing it with a core-sector scheme targeting 10 client industries.
Simmons & Simmons has axed its four-lawyer private capital team, which will join Lawrence Graham in September.
The Revenue & Customs Prosecutions Office (RCPO) has successfully recovered £21.5m of criminal assets in its first year of operation.
Allen & Overy (A&O) approached Freshfields Bruckhaus Deringer for a merger earlier this year, The Lawyer can reveal, as the former moves its strategic ...
After a three- year break silk appointments have hit record numbers and 7 King's Bench Walk has come out on top
Clifford Chance has strengthened further is New York presence with the hire of Brynn Peltz from Simpson Thacher & Bartlett as a corporate finance partner.
Good financial performances are not just the preserve of the top 10 sets, with a few smaller chambers showing signs of a lucrative year. Employment set 11 King's Bench Walk (11 KBW) grew turnover by 21 per cent, from £11.2m to £13.6m, signaling the start of an expansion push and a search for new offices.
South Korea is usually a model of adherence to the rule of law. But amid the continued anxiety to contain the threat posed by North Korea, standards have recently slipped.
Quadrant Chambers’ head Nigel Teare QC is to become the newest High Court judge, the Department for Constitutional Affairs (DCA) announced yesterday (31 July).
Lovells has maintained its relationship with private equity house Terra Firma to advise on a landmark securitisation, even though the firm lost the original partner on the deal to Clifford Chance.
Tulkinghorn loves his spies, especially those that send in unlooked-for nuggets. Such as this gem, which popped up last week while the sun was at its fiercest.
Law firms need to deliver learning and development opportunities that grow and motivate their people, support the business and help provide the best service for clients. My role at Clifford Chance is to help create that solution throughout the firm's network.
What was your first-ever job?Door-to-door salesman selling loft insulation.
Thirty partners are set to quit Freshfields Bruckhaus Deringer on 1 November to take advantage of favourable pension terms.
While many chambers celebrated upturns in revenue and new silks for the first time in three years, collapsed Birmingham common law set Three Fountain Court had an altogether more turbulent month.
Five sets of chambers have picked off new tenants from the dissolved Three Fountain Court in Birmingham. England's two largest regional sets, St Philips and No 5 Chambers, have taken the bulk. St Philips has agreed to take on 18 members, with a further two understood to still be negotiating. No 5 has picked up 17 Three Fountain Court barristers, and smaller sets St Ive's Chambers, Citadel Chambers and Cornwall Street Chambers have hired three tenants each. Three Fountain Court officially ...
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. If you want to direct us to useful links, email firstname.lastname@example.org.
A former US tax partner at New York firm Willkie Farr & Gallagher has been suspended from practice for one year after being caught billing clients $30,000 worth of personal phone calls.
Evidence that some of the lawyers at the increasingly profitable Taylor Wessing have skills that go beyond the merely legal was provided to one of Tulkinghorn's hacks last Friday (21 July).
Withers has poached corporate tax partner Andrew Terry from the London office of LeBoeuf Lamb Greene & MacRae. Terry joins the newly formed funds, investment and business tax group and will focus on international corporate tax planning. The 16-strong group focuses on the alternative funds sector, including hedge and private equity funds as well as property and art investment vehicles.
Outsourcing nowadays is much more than just IT and this is reflected by law firms' increased focus on providing advice on business process outsourcing. By Alistair Maughan
The World Bank is pumping $21.6m (£11.67m) into Azerbaijan's judicial system after it emerged that petroleum multinationals and other international companies have little faith in the local judges.