6 April 2009
Now that recession panic appears to have lost its stranglehold on the collective consciousness of lawyers, something interesting is starting to emerge. It’s an anti-strategy trend; the freedom to be opportunistic without three sets of position papers and a partner vote.
The cessation of war and abundance of rich natural resources have oiled the wheels of recovery in Angola and Mozambique and are making them attractive to Portuguese law firms.
The rewards of doing business in Africa far outweigh the challenges, especially for investors in the ITC market.
A foray to foreign shores such as Nigeria could reap rich rewards for UK law firms, says Andrew Holroyd
As a London firm that once had clients on its books including Ingrid Bergman and ex-Kenyan president Jomo Kenyatta, Ambrose Appelbe has a rich history.
What car do you drive?A battered VW – it looks and sounds like a taxi.
Bingham McCutchen chairman Jay Zimmerman has refused to rule out a salary cut for the firm’s associates.
The Brazilian member of Affinitas, the South American alliance led by Garrigues, has left the network to maintain its independence.
North West firm Brabners Chaffe Street will merge with Liverpool firm Bremners Solicitors on 1 May to create a social housing powerhouse for the region.
US firm Bryan Cave is on the hunt for a UK merger partner to expand its presence in London.
Clifford Chance, Lovells and Slaughter and May have all frozen salaries, with all staff remaining on current wages until the end of the 2009-10 financial year.
Clyde & Co is to launch in Riyadh after forming an alliance with Islamic finance specialist Abdulaziz Al Bosaily.
Spanish firm Cuatrecasas Gonçalves Pereira has announced a 7 per cent revenue hike for the 2008-09 financial year.
Chief puts internal communication at top of agenda ahead of major shake-up
DLA Piper has extended its redundancy consultation, which was due to finish on 20 March.
Yoplait, the maker of Petits Filous yoghurts, has bought out its joint venture partner Dairy Crest, leading to instructions for Eversheds and Nabarro.
?A trio of UK law firms has landed the leading roles advising on the restructuring of the investment vehicle for the multibillion pound King’s Cross Central regeneration scheme in Central London.
Hard times, hard decisions - they’re like food and drink to Bart Winokur, the chairman of US law firm Dechert. And despite several rounds of layoffs, he’s looking forward to eating the recession for breakfast
Two out of four exiting partners have departed Withers for Forsters despite the former threatening legal action.
Hill Dickinson has recruited shipping partner Justin Draeger from Holman Fenwick Willan, where he was a partner. Draeger specialises in bill of lading and charterparty disputes. Hill Dickinson head of marine law Maria Pittordis said: “To have attracted someone with Justin’s skill and client following is a major coup for the firm.”
Insurance boutique Hextalls has lost a team of eight, including two partners, to Kennedys.
Kirkland & Ellis and Maitland Chambers have secured a High Court ruling that has clarified the position for creditors of Financial Services Authority (FSA)-regulated companies that deal with client money.
Linklaters has seen off competition from Slaughter and May to advise platinum miner Aquarius on its $191m (£134.67m) fund-raising and all-share offer for rival Ridge Mining.
Morrison & Foerster chairman Keith Wetmore does not subscribe to the increasingly prevalent view that the current economic downturn will leave the world’s top law firms irrevocably changed.
Nabarro has spiced up its vacation scheme application process by introducing a speed-dating inspired networking exercise to its assessment centres.
The Smedley review of the regulation of corporate legal work reflects increasing concerns about the current regulatory regime, with City firms expressing dissatisfaction for several reasons.
Offshore firm Ozannes is to break with tradition by looking to expand into new jurisdictions following the appointment of Peter Ferbrache to senior partner.
The ramifications of the seemingly cursed £5bn Pearl bid for Resolution continue to rumble on.
Insurance group Pearl is cutting back its legal function following its £5bn takeover of rival Resolution.
Pensions boutique Sacker & Partners maintained its turnover during the 2008-09 financial year, although profit dipped slightly.
Edward Samwel, a legal counsel with Barclays Bank Tanzania, spent six months with a magic circle firm in London through International Lawyers for Africa. As part of our Postcards From… series, he describes his experience:
SJ Berwin has reinforced its move towards becoming an international firm by setting up an office in Dubai less than a month after launching in Hong Kong.
The Madoff scandal may be bad news for Switzerland’s fraud record, but at least it’s providing plenty of work for Swiss lawyers.
Private equity partner Tim Eyles has been elected managing partner of Taylor Wessing. He takes over from Michael Frawley, who has been managing partner since 2004.
During the 2007-08 hiring round, law firm graduate recruitment teams’ focus centred on accommodating the demands of Generation Y. Fast forward one year and the mood on campus could not be any more different.
The new Cheshire West and Chester Council, one of nine unitary authorities launched on 1 April, has hired Simon Goacher to run its 50-strong legal team.
White & Case is to relocate a number of London-based lawyers to Africa as part of a push into the continent.
White & Case’s London partners have been left in the dark about the criteria being used to cut partners in the firm’s global partner cull.
DP World legal counsel Jane Douglas says the company is riding on the crest of a wave.