5 February 2007
Huntsman's legal chief Michael Maughan and Dickinson Dees have advised the company on the sale of its European chemicals and polymers business. Huntsman sold the £810m arm to Saudi Basic Industries Corporation. Partner Simon Watts led the Dickinsons team. Macfarlanes, led by partner Matthew Blowes, advised Saudi ...
Memery Crystal, led by corporate partner Alex Read, is acting for Syndicate Asset Management on a £5m placing and the acquisition of EPIC Investment Partners. Syndicate purchased EPIC and the minority interests in its principal subsidiaries from BRIT Insurance for up to £17.8m in cash, shares, loan notes and a deferred cash consideration.
Turner & Debenhams has hired Richard Brooks as a solicitor in its St Albans property team. Prior to joining the firm Brooks was senior partner at Woolley & Weston before joining Sherrards.
Times have changed and 20 years ago the US and UK were just getting to know each other…
Allen & Overy (A&O) has appointed an associate to its global management team as part of its ongoing associate retention scheme.
Allen & Overy has launched a sweeping new international pro bono policy.
Allen & Overy (A&O) has scored a high-profile victory, advising a US-based consortium on its £470m acquisition of Liverpool Football Club.
Addleshaw Goddard has moved to bolster is City-based private equity capability by relocating star performers from its northern offices to London.
The murder of a journalist in Turkey has brought one of the country's most controversial laws further into the spotlight.
A new approach needs to be taken in arbitration clauses and the construction of jurisdiction in international commercial situations, the Court of Appeal has ruled in a landmark decision.
The Beatles' record label, Apple Corps, has dropped its appeal against a decision taken in its High Court trademark dispute with Apple Inc.
Arent Fox is the latest non-New York firm to bow to pressure to increase salary for associates.
Washington DC-based Arnold & Porter has created a new senior partner for pro bono position. James Sandman, the firm's former managing partner from 1995 to 2005, will work alongside pro bono committee chair Philip Horton. The firm has also established an award to honour two of the firm's lawyers for pro bono achievement, each of whom will select a pro bono provider to receive $15,000 (£7,660) in their honour. The firm has also committed lawyers to spend 15 per cent of their time on pro ...
The senior management at Arnold & Porter is in the final stages of completing a new strategy that could see the firm dramatically build up its London office and expand its presence in Asia.
Ashurst has revamped its associate career path, introducing the position of counsel as an alternative or added step to partnership across its entire international network.
Ashurst has further bolstered its growing energy practice with the star hire of the head of Norton Rose’s energy practice in the Middle East.
Ashurst's raid on Norton Rose's crumbling Middle East practice illustrates perfectly two firms moving in opposite directions.
More details have emerged about what BEA Systems' Europe, Middle East and Africa general counsel Nils Breidenstein calls the "highly unusual" split with Bird & Bird.
Beachcroft is to launch flexible working arrangements to free its lawyers from attending the office.
Bevan Brittan brings in education head" /Bevan Brittan has bagged John Clarke, partner and head of education and charities at 20-partner Cheltenham firm Rickerbys, as its new head of education. Clarke will join the new firm on 1 May and will work alongside the firm's head of government Bethan Evans. Evans ...
Bindman & Partners (B&P) is to battle with the Department of Work and Pensions (DWP), in the first judicial review case of its kind, on whether a minister can ignore decisions of a parliamentary ombudsman.
Barlow Lyde & Gilbert (BLG) veteran Kennan Michel is stepping down from his position as managing partner after 15 years.
Berwin Leighton Paisner (BLP) has scooped the lead role to advise Loudwater Trust on its admission to trading on AIM and the associated share placing, which raised £75m. Corporate finance partner Benjamin Lee led the BLP team advising Loudwater. The main investor in the fund is HBOS. Hammonds acted for Panmure Gordon, which is nomad and broker to IPO. Corporate partner Giles Distin led ...
Tulkinghorn was suitably impressed by Clifford Chance partner Warren Feldman's two-fisted defence of the firm's pro bono effort for Guantanamo inmates (www.thelawyer.com, 23 January 2007).
Brown Rudnick has entered into an exclusive referral relationship with Indian law firm Poovayya & Co giving the US-based firm a foothold into the booming Indian market.
General Electric (GE)’s recent acquisition of a Vetco International subsidiary threw up an overseas bribery scandal that had to be cleared up before the deal could be completed, it has emerged.
Skadden Arps Slate Meagher & Flom has taken Cadwalader Wickersham & Taft's head of antitrust along with two of his partners.
CMS Cameron McKenna and SJ Berwin have teamed up to secure the £630m purchase of London’s iconic Gherkin building in the UK’s largest single building property transaction to date.
Clifford Chance has moved to bolster its real estate practice with the hire of a Canadian partner with close links to property developer Paul Reichmann.
Clifford Chance has won a headline instruction from the private equity consortium circling around Sainsbury’s.
Sir David Clementi last night controversially backed the Lord Chancellor’s push to have the head of the Legal Services Board (LSB) appointed by the secretary of state.
Clifford Chance has boosted its Tokyo finance practice with the hire of a Freshfields Bruckhaus Deringer partner.
Consumer organisation Which? has instructed Clyde & Co on the class action it is threatening to bring against JJB Sports in front of the Competition Appeals Tribunal (CAT), the first of its kind.
The Naval Legal Service has a daunting remit, but Commodore Robert Fraser is relishing the variety. By Amy Dry
In the wake of its failed merger, Dewey Ballantine is continuing its management overhaul by creating a new supervisory committee for its five European offices.
DLA Piper has become quite a one for the grand statement in recent years, and today's 66 promotions to the partnership was heralded with some fanfare.
DLA Piper has promoted 66 to its partnership globally, taking the firm’s total partnership above 1,200. The firm has added 39 new partners in the US with the remaining 27 spread across Europe and Asia.
You can tell a lot about an individual or organisation by their business card. Ashurst's use of different coloured fonts and complete aversion to capital letters perhaps suggest quirkiness and subversiveness. DLA Piper's single curved edge hints at thinking outside the box - we think. It's either that or a hint that they're ...
Edwin Coe has kickstarted a legal battle against its flamboyant convicted fraudster client Terry Ramsden.
Music giant EMI general counsel Charles Ashcroft has stepped down from his role after 10 years in the company’s top legal position.
Green is good, and going carbon-neutral is the next big thing. But how much of it is hype?
Essex Court Chambers has strengthened its employment practice by snaring junior counsel to the Crown David Craig.
Eversheds' private equity team makes great strides" /Eversheds' focus on its London corporate group is starting to pay off after its private equity group bagged four new clients, including a mandate from private equity house Phoenix Equity Partners, which was previously loyal to
Former Asia chief Simon Davies has officially won the battle to become Linklaters’ firmwide managing partner, replacing incumbent Tony Angel.
Law firms must reach out to school children if Britain wants to have a diverse judiciary, the Lord Chancellor said last week.
US firm Bryan Cave's London office has picked up corporate partner Robert Wieder from Field Fisher Waterhouse (FFW). The firm's London managing partner Anthony Fiducia confirmed the hire of Wieder, who has been with FFW for nine years. Many of Wieder's clients in China and the US were demanding attention, with the experienced corporate lawyer citing Bryan Cave's international jurisdiction ...
Controversial cricket umpire Darrell Hair has instructed Finers Stephens Innocent to bring his allegations of racial discrimination against the sport’s governing body and Pakistani authority.
The legal world is slowly coming to terms with women in the workplace. Inevitably, however, it's not the City trailblazing a path here.
By this time next week the outcome of the battle for the London Stock Exchange (LSE) will be known, as Nasdaq's £2.7bn bid will formally expire on 10 February. Freshfields Bruckhaus Deringer corporate partner David Higgins is working with Cravath Swaine & Moore to defend the LSE from Nasdaq's advances, which have become increasingly hostile. Nasdaq has instructed
Manchester's winning bid to house the UK's first 'super-casino' has left a slew of firms, including Clifford Chance, Denton Wilde Sapte (DWS) and Norton Rose, out in the cold.
The bustling Shanghai legal market has welcomed three new firms in the past seven days.
Fountain Court Chambers is set to cultivate its business strategy and ramp up its marketing with the creation of a head of business development position.
India's largest law firm Fox Mandal Little has teamed up with the UK-based outsourcing firm Centric to launch an offshore outsourcing firm for Western law firms in the Indian capital.
Barthélémy feud forces boss into forming CapstanAnd you think you have stress. Imagine being at the helm of one of your country's most successful firms only to have the founding partner come out of retirement and cause a civil war.
How do you get rid of 100 partners? Ask Freshfields. In what is the biggest cull in law firm history, the magic circle firm will have axed 20 per cent of its equity partnership by the end of this financial year. And it will have refashioned itself into an overtly corporate-led firm, with any pretensions to finance leadership finally out of the window.
Freshfields Bruckhaus Deringer will have axed 100 equity partners by the end of the financial year, The Lawyer can reveal.
Freshfields Bruckhaus Deringer has picked up the mandate to advise UK pub group Marston's on the purchase of smaller Dorset-based rival Eldridge Pope from entrepreneur Michael Cannon.
The chair of the General Counsel 100 (GC100) has called for barristers working in-house to be recognised as the equals of those working at the bar.
Gibson Dunn & Crutcher has poached a corporate partner for its New York office from transatlantic rival Mayer Brown Rowe & Maw (MBRM).
Olswang chief executive Jonathan Goldstein has quit the firm. He will leave at the end of his third three-year term this April to join Olswang client Heron International as joint managing director.
Last Friday (2 February) Simon Davies sent shockwaves throughout 40-somethings in the magic circle by becoming, at the tender age of 39, Linklaters' youngest-ever managing partner.
Leading Spanish independent firm Gómez-Acebo & Pombo has appointed four new partners in the latest round of promotions, boosting its partnership by 10 per cent.
Up to 2,000 local government lawyers' jobs are in the balance - twice the anticipated number - following a wave of merger bids by county and district councils.
The joint head of Harbottle & Lewis’ employment practice, Dermot Scully, has quit to form his own niche employment law firm, Dermot Scully Solicitors.
Indian conglomerate and Herbert Smith client Tata emerged triumphant in an eight-hour, £6.7bn auction for Anglo-Dutch steelmaker Corus. The auction concluded a strung-out battle for Corus that pitched Tata against Brazilian miner Companhia Siderúrgica Nacional (CSN), which was advised by Macfarlanes. Cravath Swaine & Moore also scored a role by advising CSN on the financing of its bid. Corus instructed ...
Last Monday (29 January) Tulkinghorn ran a story about Herbert Smith planning partner Matthew White's plan to abstain from the evils of alcohol for two months, motivated by the promise of a bottle of wine if successful.
Diplomacy is key to managing those tricky European alliances, but it can so often be broken up by a simple misunderstanding.
Ince & Co has lost head of corporate insurance David Coupe to its rival Clyde & Co. Coupe leaves Ince after 18 years to join Clydes, where he previously worked as a solicitor in the 1980s. Coupe, who specialises in regulatory insurance and competition work, will join Clydes' four-partner corporate insurance team. ...
Appointment of Mahy, company secretaries see GC100 power upThe General Counsel 100 (GC100) knew that it needed a new chair when Barclays legal chief Mark Harding came to the end of his term.
Lord Justice Maurice Kay has been appointed the new chair of the Judicial Studies Board (JSB).
Justice, the law campaigner regarded as 'the conscience of the legal profession', is briefing House of Lords peers to ensure the upper chamber scuppers Government proposals to try serious fraud without a jury.
Latham & Watkins has raided US rival Howrey for two competition partners from its Brussels office.
The Law Commission has kicked off its tenth public consultation into legal reforms through the launch of an web forum.
It's been a long time coming, but the Eurotunnel restructuring is almost done. By Ben Moshinsky
Linklaters private equity swoop leaves Clifford Chance bemused" /Last week (29 January) The Lawyer reported a trio of major hires by Linklaters, all plundered from magic circle firms. In rapid succession Linklaters ...
Torex Retail has appointed magic circle firm Linklaters ahead of usual go-to firm Wragge & Co to act on its behalf in an investigation by the Serious Fraud Office (SFO).
Lovells has revamped its management structure in France, appointing employment head Philippe Thomas as managing partner.
Lovells has become the latest firm to overhaul its associate career path by launching a new senior associate role across its entire global network.
Lovells has raided Denton Wilde Sapte (DWS) for a three-partner team to launch an office in Dubai.
Lovells has added litigation capability to its Moscow operation with the hire of a Herbert Smith disputes lawyer from Paris.
Lovells partners have shunned plans to make further changes to the firm’s partner remuneration system designed to reward exceptional performers.
The House of Lords has put an end to Australian entrepreneur Neal Macrossan’s bid to patent his business software, refusing him leave to appeal his Court of Appeal defeat against the UK patent office.
Art is an extraordinarily subjective thing: one man's Picasso is another man's junk.
Mayer Brown Rowe & Maw (MBRM) has strengthened its footprint in Europe by entering a strategic alliance with Spanish law firm Ramon & Cajal. The announcement comes a year after the US firm launched its alliance with Rome-based Tonucci & Partners. MBRM partner in charge of the Paris office Jean-Philippe Lambert said: "The tie-up will bring a lot of cross-selling between the firms and also a level of ...
Milbank Tweed Hadley & McCloy’s London corporate team is in tatters as European head of M&A and private equity partner Michael Goroff follows Tim Emmerson out of the exit door this summer.
The UK LLP is finding favour not just in the UK, but also in its treatment by foreign authorities. Jane Jarman reports
Morrison & Foerster (MoFo) has raided Lovells’ New York office for a two-partner restructuring team.
Hewlett Packard (HP) has replaced its general counsel with a long-term external adviser, who specialises in litigation and government relations, as the embattled technology company looks to put the pretexting scandal behind it.
Five North East boroughs have merged their external legal spend, appointing Newcastle-based firms Dickinson Dees and Ward Hadaway to their new panel.
Here's a postscript to the Orrick Herrington & Sutcliffe and Dewey Ballantine merger talks. Last weekend Orrick's partners met in New York for their conference. This was supposed to be the first time that the fast-growing West Coast-originated legal leviathan had sat down with its new East Coast solid and stolid new brothers in arms from Dewey.
Pannone has launched a 'green team' to investigate the steps needed for the firm to become carbon-neutral.
Allen & Overy (A&O) represented longstanding client Imperial Tobacco on its first US acquisition, the $1.9bn (£974m) cash offer for Commonwealth Brands.
As the introduction of the Legal Services Bill looms yet closer on the horizon, partnership structures have begun to consume an ever-increasing amount of lawyers' and managers' time.
Top Spanish independent firm Perez-Llorca has been a staple name in the European deals tables during the past 12 months, and now the firm is trying to build on that reputation.
Pinsent Masons is in pole position to advise William Hill on its online gambling plans after putting together an outsourcing agreement for the bookmaker.
Tulkinghorn happened to catch up with one of Leboeuf Lamb Greene &MacRae's latest recruits last Tuesday (30 January) in the shape of former Dewey Ballantine capital markets star Camille Abousleiman.
White & Case has joined the flurry of US-based firms reporting robust financial results for 2006, with gross revenue up 13 per cent.
The deadline for QC applications passed last Monday (29 January) and the QC appointments committee has kicked off the next stage of the selection process.
Risk touches on every area of an organisation's operations, and both legal practices and in-house lawyers have in recent years become exceptionally conscious of the importance of risk management. Law firms in particular face a myriad of perils, any of which could close their businesses. Risk management isn't a question of just ticking boxes - firms ...
Insurance group Royal & SunAlliance is understood to be renegotiating the terms and conditions of its law firm panel with key advisers.
Early billing and keeping a tight rein on cashflow will protect your firm from financial penalties and poor on-paper performance, says Peter Noyce
Simpson Thacher & Bartlett’s marquee private equity client Blackstone has emerged victorious in the battle to lead the world’s biggset takeover.
Slaughter and May client Barratt emerged victorious in the £2.13bn battle for Wilson Bowden, which gifted lead roles to much of the magic circle.
Slaughter and May has scooped a mandate to advise bus giant FirstGroup on the £1.9bn acquisition of Laidlaw, America’s biggest operator of yellow school buses.
High street firms are set for a difficult 2007. David Miles offers suggestions on how best to beat the odds
Starbucks is embroiled in a trademark dispute with Ethiopian farmers, drawing the ire of Oxfam over its actions at a time when the US-based coffee chain is in the midst of a crucial restructuring of its Europe, Middle East and Africa (Emea) in-house legal department.
Ashurst with AJB Bergh's Mölnlycke sale" /Ashurst handled its first major Swedish deal since merging with Stockholm boutique AJB Bergh last December, advising on the €2.85bn (£1.88bn) private equity disposal of healthcare company Mölnlycke.
The discrimination suit filed by a Sullivan & Cromwell associate against his firm took an unusual turn on Thursday (1 February) when the Manhattan stalwart filed its own papers against Aaron Charney, the M&A lawyer at the centre of the scandal.
Symantec's CSR drive goes global" /Symantec Corporation's former head of legal is set to launch an environmental taskforce as part of the company's global corporate social responsibility (CSR) strategy.
The Takeover Panel is set to study schemes of arrangement and will clarify its position later this year.
Taylor Wessing has snared Hammonds partner Tom Cartwright to bulk up its corporate practice. Cartwright is expected to provide additional expertise in financial services and leisure and hospitality. His recent track record includes advising Compass Group on the acquisition of Keith Prowse, Marriott International on its European hotel programme and Abbey on the sale of its factoring, block discounting ...
It was never a question of 'if', but of 'when'. Lovells' protracted lockstep review has claimed its first US victims.
The work-life quiz: Sonya Branch
Charging by the hour has become a comfort blanket for lawyers. It provides certainty for the lawyer that every minute of time, within reason, can be recovered.
Here's a mild warning for firms not to spin any departures.
DWF has lost its third partner since its merger with Ricksons on 1 January, with the firm's head of property moving to Hill Dickinson.
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US firm Foley & Lardner intends to become the latest entrant to mainland China and has poached Weil Gotshal & Manges' China IP head in preparation for a launch in Shanghai.