5 June 2006
News reaches The Lawyerthat Denton Wilde Sapte (DWS)is finally going to appoint a partner who will havespecific responsibility for diversity.
Allen & Overy (A&O) is consolidating its shaky relationship with acquisitive Icelandic retail investor Baugur Group as it considers a cash offer for listed department store company House of Fraser.
Allen & Overy (A&O) has reaped immediate benefits from its renewed corporate focus on the Middle East, closing its first mandate after sending a senior corporate partner to Dubai.
Two clear days with no booze. That's the succinct and deeply useful advice picked up by former Maclay Murray & Spens corporate partner-turned-Latham & Watkins star Graeme Sloan when advising on a deal north of the border.
Addleshaw Goddard has boosted its profit per equity partner (PEP) by 16.7 per cent, but has fallen short of managing partner Mark Jones' ambitious £500,000 target.
Adidas has won its High Court challenge against the dress rules of the International Tennis Federation, and will be allowed to include its 3-stripes design on tennis clothing at Grand Slam tournaments.
With only weeks to go before the start of the Wimbledon tennis tournament, sporting goods company Adidas-Solomon has challenged the dress code of the International Tennis Federation (ITF) in the High Court.
Offshore law firms Appleby Spurling Hunter and Bailhache Labesse are to merge on 1 September, creating a firm with six offices and more than 600 employees.
The Bar Council will call for three major changes to the draft Legal Services Bill today (8 June) as it gives evidence to the joint committee scrutinising the new legislation.
Meanwhile, the Law Society and Bar Council have been working hard in an attempt to open up further the Chinese legal market to UK firms.
4 Stone Buildings is an increasingly unusual animal in a consolidating barristers market. It has remained small and prides itself on providing very high quality work in a number of niche areas.
Bird & Bird has plundered Eversheds' IP and life sciences department for head of department Sally Shorthose.
Berwin Leighton Paisner (BLP) has gone down under to recruit associates for its projects practice due to a lack of capacity in the UK market.
The rehabilitation of the Technology and Construction Court (TCC) is under way. But the court seems incapable of grabbing the headlines without a dollop of controversy.
Clifford Chance has not let Cleary Gottlieb Steen & Hamilton's troubles cast doubt on its ambitious plans for Tokyo.
Australian construction giant Multiplex has won its bitter battle with steel contractor Cleveland Bridge over work at the new Wembley Stadium, with Mr Justice Jackson ruling the Multiplex had acted legally.
Clifford Chance is to increase its global pro bono efforts after senior partner Stuart Popham told its partners' conference that he wants the firm to have a greater focus on the external community.
Clifford Chance and New York firms Milbank Tweed Hadley & McCloy and Skadden Arps Slate Meagher & Flom advised on the $2.1bn (£1.12bn) acquisition of Prisma Energy by Ashmore Energy. Prisma, a subsidiary of disgraced energy giant Enron, holds Enron's energy assets in Latin America, Turkey, ...
A trio of firms have secured the mandate to advise Goldman Sachs and Macquarie on the ongoing Eurotunnel restructuring.
Singer & Friedlander has hired a new legal chief who is building up the bank’s legal function from scratch. Lorraine Cushnie reports
Things are not so rosy for Cleary Gottlieb Steen & Hamilton, which officially shut the doors on its underperforming Tokyo office for the last time in late April.
DaimlerChrysler has hired the former legal chief at General Motors Europe for its new general counsel for Europe, Africa and Asia.
The bitter feud between DLA Piper Rudnick Gray Cary and Orrick Herrington & Sutcliffe over Coudert Brothers' Beijing office has reached boiling point as the rivals prepare to face each other in court.
DLA Piper boosts Asia and Europe PEP figure" /DLA Piper Rudnick Gray Cary has generated an average profit per equity partner (PEP) of £604,000 from the Europe and Asia offices for 2005-06.
DLA Piper Rudnick Gray Cary has acted for longstanding client Barclays Leveraged Fina-nce on a £138m refinancing for Tragus Holdings that is set to return £27m to its investors.
DLA Piper Rudnick Gray Cary's pro bono arm has picked three international projects and announced how many hours its lawyers will commit to pro bono work this year.
Despite a reportedly frosty initial reception from some in Government, the Pensions Commission's report from last autumn has finally borne fruit in the shape of the Pensions White Paper published on 25 May.
Tulkinghorn is famed throughout the legal land for his hard- headed approach to life and the law. But even he was moved (to the bar, actually) after a quick squizz at the pics that accompanied the following message:"Dear Tulkinghorn,I though you might enjoy some photos of my young daughter Lucy (aged seven months) devouring The Lawyer while she waited for her bath ...
Pharmaceutical company GlaxoSmithKline has poached eBay's lead IP counsel Jo Grist to fill its head of trademarks position.
If you look hard enough, mild comedy can be found anywhere. Tulkinghorn is not above finding a giggle in the email addresses of law firms, with Bird & Bird's 'Twobirds' a constant source of amusement over the years (and one that received a new lease of life when the firm's building was invaded by a burlesque club in the basement).
Setting up diversity training and awareness sessions for partners and staff was one of the first issues addressed by the inclusivity group at Herbert Smith following its formation in 2004.
Freshfields Bruckhaus Deringer has nudged ahead of Ashurst in the battle to takeover UK airports operator BAA.
Field Fisher Waterhouse has converted to limited-liability partnership (LLP) status, starting from today (5 June). Managing partner Moira Gilmour said: "LLP is becoming the model for professional services partnerships as the conventional structure is no longer suitable ...
A new pro bono scheme offering representation for people facing bankruptcy petitions is being launched this week by five barristers' chambers.
The sports group at Fladgate Fielder has vowed to crack Premiership club clients after scooping a lead role on Crystal Palace FC's claim against ex-manager Iain Dowie.
Baker & McKenzie, Norton Rose and Trowers & Hamlins have been embroiled in a ...
It is no wonder local law firms are so aggrieved given the amount of headline grabbing IPO work farmed out to foreign firms within the region in recent weeks.
Freshfields Bruckhaus Deringer and New York-based Cleary Gottlieb Steen & Hamilton were the principal advisers on Nationwide Mutual Insurance Company's sale of fund manager Gartmore to Oxford Acquisition III, a company formed by private equity fund Hellman & Friedman. Freshfields advised Nationwide ...
Freshfields Bruckhaus Deringer's Paris office was the first of the firm's 28 foreign offices to open, in 1972. Initially the office was staffed with UK lawyers, but Freshfields quickly realised that it needed a French law capability. In 1980 the first French avocats joined the firm and it has never looked back.
Fried Frank Harris Shriver & Jacobson has finalised a merger between the firm’s Paris office and niche bankruptcy litigation firm Lantourne.
Geldards insolvency head Ian Williams has become the first lawyer outside North America to be elected as a director of the American Bankruptcy Institute (ABI), which analyses and promotes education on insolvency. Williams has been appointed to help the ABI's European expansion. He is also co-chair of the ABI's international committee.
Electra Partners Europe has raided Gibson Dunn & Crutcher's London office for its first in-house counsel, just days after the US firm lost a corporate finance partner to Barclays.
Gide Loyrette Nouel is continuing its push into Asia with the launch of a new office in Hong Kong.
Hackney Council is threatening to sue sportswear giant Nike over an allegation that the company has used its logo without permission.
Lord Falconer, the Lord Chancellor, has bolstered the panel advising him on legal services and legal education with the appointment of four practising solicitors.
Mainland China and Hong Kong confirmed their positions as expansion hot spots over the past couple of months with a slew of international firms launching presences in the region.
Despite promises of reform, the rule of law in Egypt is far from guaranteed. President Hosni Mubarak continues to suppress political opposition as he has for many years, and his opponents face intimidation and arrest.
Italian stock exchange Borsa Italiana has appointed Chiomenti Studio Legale as its sole legal advisor for talks with Euronext bosses about a possible merger.
Paul Darling QC has become the first lawyer to be appointed as a non-executive member of the Horserace Totalisator Board. The appointment begins on 1 July and will last for up to two years. A barrister at Keating Chambers since 1985, Darling has been a QC since 1999. Among his other interests, racehorse owner Darling is also a director of a family-
US firm Kirkland & Ellis has been rocked by the departure of Chicago-based superstar and head of bankruptcy and restructuring James Sprayregen.
Landmark Chambers has picked Christopher Katkowski QC as its new head of chambers. Katkowski, known by everyone within the set as 'Kit Kat', will be responsible for continuing the consolidation of the merger that formed Landmark four years ago.
As the university lecturers' strike spills into June, pressure on the Law Society and Bar Council to relax their stringent rules and allow students unable to graduate entry onto the LPC and BVC has stepped up a gear.
The Court of Appeal last week (26 May) propped up LeBoeuf Lamb Greene & MacRae's Chinese walls following a conflict of interest row with a client.
Sordid affairs, doping scandals, 'bung' payments, 'handbags' on the pitch...the FA's legal and compliance gurus have their work cut out - and that's even before a ball has been kicked at the World Cup
Barrister-turned-politico Lord Falconer unveiled the future of the law late last month with the draft Legal Services Bill. As proposed in October's White Paper, the different legal professions will soon be regulated by an overarching regulator, the Legal Services Board (LSB), and a complaints-handling board, the Office for Legal Complaints (OLC).
Forget lacing up the boots - leave that for the players. Instead, replace the batteries in the TV remote, put out the cat and stock the fridge full of beer (or, if you dare, Champagne). If you’re one of the lucky ones, pack your passport and double, triple and quadruple check you’ve got your tickets. It’s time for the World Cup, and for the first time, from Frankfurt to Fetter Lane, Cologne to Canary Wharf, this is Tulkinghorn’s World Cup Blog. All the drama a ...
Lewis Silkin is celebrating a staggering 40 per cent increase in average profit per equity partner (PEP) after two years of plummeting profits.
Linklaters' three-way senior partner race will formally begin this month as the candidates put the finishing touches to their manifestos.
Lovells has introduced a pro bono trainee seat at the international charity Save the Children.
The London securitisation team at Mayer Brown Rowe & Maw(MBR&M) must be an unruly lot. As first reported onwww.thelawyer.com (2 June), the firm has just appointedBruce Bloomingdale and Dominic Griffiths as co-headsof the practice. Nothing unusual in that, ...
Three city councils in the Midlands are undertaking a joint panel review for barristers' chambers.
Australian firm Minter Ellison and US firm Paul Weiss Rifkind, Wharton & Garrison emerged as the winner of the hotly contested battle to operate Singapore's first casino after client Las Vegas Sands was selected as the successful bidder.
Property litigation specialist Daniel Levy, who joined Eversheds in September 2005 from Lovells, has left the firm for Mishcon de Reya. Levy joins Mishcons on 3 July to launch the firm's property litigation team. The property group has also recruited CMS ...
Associates are always grumbling about having to work too much. It's a fact of legal life. But it seems it's not just the juniors putting in the hard yakka.
Financial figures for last year continue to trickle in and while there are few striking increases, most sets have performed solidly in an often-difficult climate. Seven Bedford Row saw turnover rise by 9 per cent, breaking through the £15m barrier for the first time. With 71 of the set's 77 members practising throughout the year, revenue per barrister went up by 5 per cent to a respectable £216,000.
Domain name disputes are often David and Goliath affairs,but rarely Bank and Cat. When Morgan Stanley noticedthat someone had registered mymorganstanleyplatinum.com, it called in trademark specialist Baila Celedonia of top New York firm Cowan Liebowitz & Latman.
Husnara Begum reports on the three-way battle to take over the London Stock Exchange
Leading Dutch firm Nauta Dutilh has backed away from plans to introduce a bonus for its equity partners.
Eversheds chief executive David Gray was reported to be "in ebullient mood" over the firm's financial results (The Lawyer, 29 May). However, news reached Tulkinghorn recently that suggests it was not the figures that cheered the Grayster, but something altogether more fundamental.
Pinsent Masons, Newcastle’s Ward Hadaway and Scots firm McGrigors have landed spots on the new-look legal panel for regional development body One North East while Eversheds and local firms
Orrick Herrington & Sutcliffe is gearing up to double the size of its London office after launching a search for larger premises.
Osborne Clarke recorded a solid 18 per cent increase in average profit per equity partner (PEP) from £360,000 in 2004/5 to £425,000 for the last financial year.
Pinewood Shepperton, the owner of the studios where the James Bond films are made, has hired its first counsel.
The Royal Mail has created two new in-house legal positions after a board-level review found that the company's IP capability needed updating.
Construction and engineering firm Shadbolt & Co has a new chair.
Simmons & Simmons continues to target senior associate lateral hires for its ambitious growth strategy with the appointment of three senior lawyers into its partnership.
SJ Berwin’s senior planning and environment partner Pat Thomas is quitting the firm to take on a consultancy position at the national regeneration agency, English Partnerships.
Norton Rose has lost one of its newest partners to the London office of Skadden Arps Slate Meagher & Flom. Arbitration and litigation specialist Bruce Macaulay was one of 23 associates promoted to the partnership with effect from 1 May 2006. Instead, he is due to join Skadden later this year. ...
Slaughter and May's French litigation head Edouard Bertrand has found a new home at French independent Campbell Philippart Laigo & Associés.
Edward Nathan and Sonnenberg Hoffmann Galombik are merging to create South Africa’s largest law firm.
A lively close-season transfer market has buoyed City sports practices, with Couchman Harrington and Slaughter and May doing well out of Chelsea FC's and Arsenal FC's team-building plans.
News that a group of senior tenants from Hollis Whiteman Chambers were moving out to set up alone broke in February this year. It took the five Hollis Whiteman tenants, plus co-conspirators Edmund Lawson QC of 9-12 Bell Yard and 23 Essex Street's Nicholas Purnell QC, another three months to find a new home in which to establish themselves. And they have ...
Taylor Wessing storms ahead of PEP predictions" /The UK end of Taylor Wessing has posted a 28 per cent rise in average profit per equity partner (PEP), becoming the latest mid-market firm to break the £500,000 barrier for partner remuneration.
The enduring trend for law firms to launch profile-raising initiatives by advertising at sports events has continued this summer. London property boutique Pemberton Greenish has sponsored the Surrey County Cricket Club Academy for three years now, while among the more targeted efforts was Simmons' tilt at reaching the monied military types. The firm's light blue-on-white logo was - eventually - ...
Nabarros corporate partner Andrew Inkester's clients include Spirit Group, InnSpired Group, Punch Taverns and Pubmaster Group. So ha he had a few too many when typing out his website CV? Instead of 'acting for', he's typed "actomg fpr". It looks as though Inkester's right hand had moved one key to the right to get that combo of key strokes.
Travers Smith has elected former managing partner Alasdair Douglas as its new senior partner, replacing the retiring Christopher Bell. Douglas takes up his new role on 1 July and will also continue fee-earning in the tax department. He was previously managing partner between 1995 and 2001, before being replaced by Chris Carroll. Bell has been senior partner at Travers since 2000, having formerly ...
South East firm IBB Solicitors has posted an 8 per cent increase in turnover, with total revenue hitting £13m. However, profit remained static at £231,000 due to a £1m investment in new premises and lateral hires. IBB is targeting a slot in the UK's top 100 firms based on turnover. It has seen a revenue increase of 54 per cent over the past five years, while profit per equity partner has grown 44 per cent ...
A controversial new scheme in the Technology and Construction Court (TCC), which will see judges mediating settlements for the first time, has sparked a blazing row in the alternative dispute resolution community.
Demand from US law firms is holding up the European legal office lettings market after overall demand dropped by 16 per cent last year.
Vinson & Elkins has settled to the tune of $30m with Enron’s bankruptcy estate in a deal which staves off the threat of civil litigation from the company.
Watson Burton cracks £700,000 PEP barrier" /Watson Burton has posted its highest-ever profit and turnover results, putting it well clear of its regional competition and ahead of most national rivals. Average profit per equity partner (PEP) for 2005-06 was up by 38 per cent, from last year's £515,000 to an ...
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Mr Justice Jackson will this morning (5 June) hand down his judgment in the bitter battle between Multiplex and Cleveland Bridge over the construction of the new Wembley Stadium.
The liberalisation of the Indian legal market may still be years away, but the UK market for India-related deals is already hotting up.
White & Case has radically overhauled its London banking and finance practice groups in a restructuring that has seen the capital markets team wholly integrated into the finance team.
Offshore law firm WSmiths has launched an office in Uruguay, which marks its second foreign opening in less than six months.