4 August 2008
The purpose of the Ministry of Justice reviewing the personal injury process was because the opinion from both insurers and lawyers alike was that the current process was cumbersome, complex and too costly.
Addleshaw Goddard has hired business support and restructuring partner Alison Goldthorp in London.
South East firm ASB Law has begun a redundancy consultation with 45 staff, including seven fee-earners, after consolidating its Brighton and Horsham offices with its Crawley and Maidstone bases.
Ashurst to send Green to Hong Kong" /Ashurst is to launch its first-ever office in China and has picked current senior partner Geoffrey Green to spearhead the initiative.
Bingham McCutchen has hired four lawyers for its international securities practice, including the managing partner of Heller Ehrman's DC office, Geoff Aronow.
The carnage at Cadwalader Wickersham & Taft, which saw the loss of 96 associate jobs last week, is expected to lead to a number of partner departures.
Cadwalader Wickersham & Taft’s week of woe was caused by a misguided management strategy that its current administration is trying desperately to clean up.
The defection of Weil Gotshal & Manges US restructuring partner Christopher Marcus is the latest in a long line of one-way traffic to Kirkland & Ellis.
Offshore firm Carey Olsen has acted on the first Guernsey special purpose acquisition company (Spac) to be listed on Euronext Amsterdam.
Clifford Chance is holding elections for a new Asia managing partner after Jim Baird (pictured) stepped down due to ill health.
Wilberforce Chambers is pleased with the development of up-and-coming young clerk Reiss Nott, Tulkinghorn has learnt.
In a report published in April by its Financial Crime and Intelligence Division (FCID), the FSA warns that many financial services organisations are still falling substantially short of what it expects of them in safeguarding the security of their customer data, and that this presents a “serious, widespread and high-impact risk” ...
DLA Piper is conducting a firmwide review of staffing levels, resulting in five redundancies in the firm’s technology, media and communications (TMC) group.
DLA Piper sends NQs to Middle East as credit crunch bites
With the High Court currently deliberating over the point at which employers – and their insurers – become liable for asbestos claims, the contract law rulebook could well be rewritten.
Entente uncordial 08-August-2008Further details have emerged about the row between Taylor Wessing and US firm Nixon Peabody that dominated Wednesday's news (see story).
Eversheds has frozen associate base salaries in London and the regions as the firm fully enforces its new performance-related remuneration structure.
Eversheds and Slaughter and May have bagged the lead roles on a $1bn (£502.3m) outsourcing deal for insurance company Aviva.
Former Fladgate corporate head Nicolas Greenstone has been reprimanded by the Solicitors Regulation Authority (SRA) for actions that led to a £27m fraud.
Four elite firms are jostling for position on Kohlberg Kravis Roberts’ (KKR) landmark dual-listing in Amsterdam and New York. Longstanding adviser Simpson Thacher & Bartlett, led by partner Alan Klein, is advising KKR on the listing.
Field Fisher Waterhouse (FFW) has entered redundancy consultations with fee-earners and other staff in its London real estate department.
Fladgate is being sued for negligence after a partner took action that allowed a fraud against shareholders in the former dotcom company Izodia.
Convincing senior associates to leave London for offices in emerging markets isn’t always easy – unless you dangle a partnership carrot, of course.
Claims that the insurance industry can somehow sidestep the meltdown of the US financial market are wide of the mark, say Linda Dakin-Grimm and Patty Quilizapa
The Bar Council of India has lifted restrictions on law firm websites, allowing Indian lawyers to launch their own sites to provide basic information about themselves. The decision comes after local lawyer VB Joshi filed a petition in 2000 challenging the council’s rule that bans lawyers from any type of advertising or soliciting for new clients. Lawyers can now post information including names and addresses, telephone numbers, areas of practice and their academic qualifications.
Kaye Scholer has hired a Brown Rudnick structured finance partner to bolster its New York practice.
Landmark Chambers and 7 King’s Bench Walk (7KBW) have each posted a 5 per cent increase in turnover in the last financial year, while Matrix Chambers’ revenue has stalled.
Latham & Watkins has boosted its Italian arm with the hire of corporate finance partner Antonio Coletti from Gianni Origoni Grippo & Partners.
Linklaters, DLA Piper strengthen Asia groups" /Linklaters is to boost its banking and projects offering in Singapore with the transfer of infrastructure partner Richard Ginks from London.
Linklaters and Lovells are going head-to-head as BP starts its Swedish arbitration proceedings against Russian consortium Alfa-Access-Renova (AAR), which is in a lucrative joint venture with the energy giant.
Linklaters has recruited Federal Trade Commission (FTC) bureau of competition director Jeff Schmidt for its New York office.
Nowadays it’s so easy for vast quantities of data to leave the workplace – on CDs and DVDs, on laptops, on USB sticks. Inevitably some of it is mislaid, lost or stolen. When two CDs went astray containing personal details of 25 million people, businesses realised that if confidential data is going to leave the office it ought to be encrypted.
McDermott Will & Emery has lost the head of its Brussels office after Bird & Bird poached a two-partner competition team from the US firm.
National firm McGrigors has bought out West End litigation boutique Reid Minty after the latter advertised itself for sale in The Lawyer.
Mills & Reeve has continued its insurance recruitment spree, hiring Vizards Wyeth partner Nicolas Oldham for its London insurance team. The firm expects to make another lateral insurance hire by the end of the year. This follows the recent hire of professional indemnity partner Elisabeth Taylor from Halliwells in Manchester.
When Formula 1 boss Max Mosley’s legal team launched libel proceedings against the News of the World, more than one media lawyer was taken aback.
South East firm DMH Stallard has made up four partners. James Regan has been promoted to the head of retail property, while Nick Leavey is made up in real estate, Dominic Travers in corporate and Frank Jennings in technology.
Newcastle firm Muckle has entered redundancy talks with up to 20 staff, including business support employees and fee-earners across the commercial and property services groups. The firm blamed the difficult market conditions for the cuts. Muckle has a total headcount of around 150 and the firm recently moved into new offices to accommodate staff and to reflect its growing corporate client base.
The Court of Appeal’s recent ruling in Tyco v Rolls-Royce means parties to joint-names or composite insurance would do well to insist that the issue of waiver of subrogation is dealt with when contracts are being drawn up.
New York firm Curtis Mallet-Prevost Colt & Mosle has revamped its management team ahead of its expansion into the Middle East.
Offshore firm Ogier is to undergo a management shake up which will see both group chairman Jonathan White step down after 18 years in the role and the creation of a chief executive post.
Los Angeles-headquartered O'Melveny & Myers is to open an office in Singapore after taking two finance and restructuring partners from White & Case.
Tulkinghorn enjoyed the film The Three Amigos and long ago bought a vinyl record of The Three Tenors, but had never heard of The Three Osborne Clarke Partners until a scribe got hold of the above picture.
Two US firms have won the lead roles on the $1.2bn sale of German music giant Bertelsmann’s 50 per cent interest in Sony BMG to Sony.
Pinsent Masons has stormed to the top of Hemscott’s AIM adviser rankings, gaining six new clients in the past six months.
Pinsent Masons has overtaken AIM heavyweights DLA Piper and Norton Rose to become the top legal advisor for clients on the junior market.
Nine years into the job, Michelin UK and Éire head of legal Jane Booth is anything but tired of life with the French giant.
Johannesburg firm Bowman Gilfillan has set up an association with nascent Kenyan firm Coulson Harney, with the tie-up due to take effect at the beginning of September.
By common consent, the 2004 statutory dispute resolution procedures were not a success, and produced an avalanche of satellite litigation. They have been variously described as 'inappropriately inflexible and prescriptive' (Gibbons Report), 'the middle of a manky meat sandwich' (Hansard) and 'rebarbative' (Underhill J).
Radio DJ Simon Bates has gone from strength to strength since leaving BBC Radio in the 1990s. In the guise of Nick Land, he has landed spots on the boards of Vodafone and Royal Dutch Shell, as well as The Lawyer Awards judging panel a couple of years ago, but most recently reached the pinnacle of any career – non-executive board member at Denton Wilde Sapte. Well, it beats the early morning Drivetime shift.
Shearman & Sterling has sacked an associate after a vacation student claimed he sexually harassed her in a West End strip club.
One Essex Court senior clerk Paul Shrubsall went into semi-retirement last Thursday (31 July) and was invited to speak at the Institute of Barristers’ Clerks’ (IBC) annual dinner for his swan song.
As law firms make more and more money, so the lines of snake-oil salesmen gets longer at their doors.
Insurers everywhere are bracing themselves for an upsurge in claims as the global economy slides into recession. And this when the UK insurance market is experiencing some fundamental changes relating to how it handles claims.
Government pledges to involve local communities in the planning system are little more than lip service, if the latest planning bill is anything to go by
Taylor Wessing’s beleaguered Paris office has offered equity partnership to at least four non-equity partners.
Taylor Wessing's French base is suing Nixon Peabody for $5m and punitive damages after the US firm allegedly poached 13 Taylor Wessing partners in violation of a non-disclosure agreement after botched merger talks between the firms.
The lower echelons of the legal market have thrown up some impressive success stories in the 2007-08 financial year, with some firms ;posting ;massive increases in turnover.
Who would you least like to be stuck in a lift with and why? Any Liverpool fan. I support Everton, ‘the people’s club’.
One of Debevoise & Plimpton’s top litigators has swung into action on behalf of beleaguered investment bank UBS.
UBS general counsel David Aufhauser has resigned amid the growing auction rate securities (ARS) fraud that is centred on the investment bank.
Quinn Emanuel Urquhart Oliver & Hedges, Cravath Swaine & Moore and Cooley Godward have brokered a deal that sees the end of a three-year global dispute between Qualcomm and Nokia.
Virgin Media has promoted associate general counsel Scott Dresser to deputy general counsel.
You’d think that, having a strong telecoms and tech practice, Bird & Bird (www.twobirds.com) would have one of the swankiest websites around. But any first-time visitor to the site would have their illusions shattered, with uninspiring graphics and text so randomly placed that even Nostradamus would have trouble making head or tail of it.
Wilsons bags BLP charity head; will open in London" /Salisbury-based charity and private client firm Wilsons has hired Berwin Leighton Paisner's (BLP) head of charity and is to open a London office in ...
Wragge & Co is set to open an IP litigation office in Munich by September, although it will maintain its relationship with German best friend Graf von Westphalen, which also has a Munich presence. Wragges head of IP Gordon Harris said: “Increasingly, if you have European patents, US clients ask themselves whether to enforce in the US or in Germany, and quite frequently the answer to that is Germany.”
Commercial chancery set XXIV Old Buildings has snared Michael Black QC of Two Temple Gardens – the silk who drafted the court procedure ;rules ;for the Dubai International Financial Centre.