6 August 2007

The Lawyer

  • David meets Goliath in US base race

    6-Aug-2007

    As Clifford Chance ramps up its presence on the US East Coast, a Czech firm has stepped in to fill the void on the West Coast.

  • People

    6-Aug-2007

    Offshore firm Ogier has appointed Nick Gamble as partner in its Guernsey office.

  • A&O and CC top Thomson M&A rankings

    10-Aug-2007

    Allen & Overy (A&O) and Clifford Chance have topped the latest league tables of European M&A advisers for the year to date.

  • Addleshaws to challenge US rivals with class action move

    6-Aug-2007

    Addleshaw Goddard is looking to take on the might of the US law firms by setting up its own class action practice.

  • Alliance Boots plots legal team expansion

    6-Aug-2007

    Alliance Boots will bolster its in-house legal team over the next year and will recruit a dedicated head of M&A to cope with its expansion plans.

  • And the winner is.....................

    6-Aug-2007

    It's been one of the longest election processes in law firm history. And one of the longest goodbyes.

  • Bakers nets £500m Arqiva-ITV deal

    7-Aug-2007

    Baker & McKenzie has advised communications company Arqiva in a deal with ITV-owned subsidiary SDN.

  • Bakers scores $860M saudi flotation

    6-Aug-2007

    Baker & McKenzie has bagged a lead role advising on the IPO of Saudi private investment company Kingdom Holding Company. The company floated on the Saudi Stock Exchange and is expected to raise a total of $860m (£422.9m). Edward Bibko, lead partner on the Bakers team, said: "This IPO is interesting because of the profile of the company. It has holdings in Saudi Arabian, Middle Eastern and international companies and has been extremely successful." Bibko explained ...

  • Bakers scores second Arqiva deal in a week

    9-Aug-2007

    Baker & McKenzie has secured its second contract this week for communications company Arqiva, advising on a deal with Digital 3 and 4.

  • BLG rocked as Singapore boss quits for rival's launch

    7-Aug-2007

    Aviation boutique Gates & Partners has poached Barlow Lyde & Gilbert (BLG) partner and head of its Singapore office David Johnston to head its new Singapore base.

  • Brabners' Scouse teams to cohabit

    6-Aug-2007

    North West firm Brabners Chaffe Street has combined its two offices in Liverpool by moving into larger premises in the city. The firm's 220-strong Liverpool staff has moved to Horton House in the Exchange Flags complex in the city centre. Brabners managing partner Michael Brabner said: "It's always been the plan to move into one office. The leases on both of the old buildings had expired ...

  • CC overcomes panel omission to advise Co-op on merger

    6-Aug-2007

    The Co-operative Group has ventured outside its recently revised panel and appointed Clifford Chance to advise on its £9.5bn merger with fellow co-operative Rochdale-based grocer United Co-operatives.

  • CC raids Sidley as US drive intensifies

    6-Aug-2007

    Clifford Chance has underlined its commitment to the US by poaching a three-partner litigation team from US rival Sidley Austin.

  • CEDR takes international arbitrations to task

    6-Aug-2007

    A Commission co-chaired by Lord Woolf, which will look into how settlements can be used more effectively in international arbitrations, has named the 45 global organisations it will consult.

  • Champagne flows as A&O tops M&A charts

    10-Aug-2007

    There's every sign that the party's coming to an end. The world's markets got one hell of a wake-up call this morning when billions of dollars were wiped off share values.

  • Claim it on the boogie

    6-Aug-2007

    Finance partners are obviously under a lot of pressure these days to secure the key deals in this highly liquid and competitive market, but Tulkinghorn had no idea of the lengths it is now necessary to go to to secure the top mandates.

  • Cleary gives boost to Akzo bid

    10-Aug-2007

    Cleary Gottlieb Steen & Hamilton is the latest firm to land a role in the ICI and Akzo Nobel saga, which is now set to run until Monday (13 August).

  • Covington facilitates US biotech player's AIM float

    6-Aug-2007

    Covington & Burling has scored the lead advisory role on the AIM listing of US biotechnology company Northwest Biotherapeutics.

  • Crutes targets North East rivals with director swoop

    9-Aug-2007

    North East firm Crutes has appointed its first-ever commercial director in chartered accountant Tim Robinson.

  • DAC elbows aside DMH to acquire KSB

    7-Aug-2007

    London and St Albans firm KSB Law has broken off merger talks with South East firm DMH Stallard and is in discussions with Davies Arnold Cooper (DAC).

  • De Beers set for legal rejig as corporate head moves

    6-Aug-2007

    Diamond giant De Beers has lost its head of corporate legal, with incumbent Merlie Calvert landing a position as commercial director of the De Beers Group's newly separated marketing business.

  • Dewey Ballantine rejigs corporate finance team

    7-Aug-2007

    Dewey Ballantine yesterday (6 August) announced the appointment of Donald Murray and Frank Adams as co-managing partners of the firm's corporate finance group.

  • Dewey raids Bakers for European assault

    6-Aug-2007

    US firm Dewey Ballantine has swooped on Baker & McKenzie to fill the new position of European head of capital markets.

  • DLA Piper boosts West Coast with Asia tech team

    7-Aug-2007

    DLA Piper has bolstered its US practice with the addition of two corporate and securities partners to its Silicon Valley office.

  • DLA Piper picks up DWS asset finance partner

    9-Aug-2007

    Denton Wilde Sapte (DWS) asset finance partner Stephen Marais is set to join DLA Piper as a partner in the finance and projects group.

  • DWS keen on Milton Keynes

    6-Aug-2007

    Denton Wilde Sapte has signed up to move into swanky new offices in Milton Keynes, with senior management saying the firm wants to launch a finance and corporate practice to compete with regional firms.

  • Entertainment UK snaps up first in-houser from Cushman

    6-Aug-2007

    Home entertainment and mobile telephone retail giant Entertainment UK has poached its first-ever in-house lawyer from global real estate business Cushman & Wakefield.

  • Equal pay guru puts Govt stats on the rack

    6-Aug-2007

    The scourge of the public sector Stefan Cross has forced the government employment watchdog into a humiliating revision of its official statistics, forcing it to admit that it had underestimated the number of 2006-07 equal pay claims by more than 600 per cent.

  • Exchange in drive to double Manchester barristers

    6-Aug-2007

    Exchange Chambers is gearing up to double the size of its Manchester arm to make it one of the the largest in the North, rivalling St Philips and No5 Chambers.

  • Fasken boosts AIM team

    6-Aug-2007

    Fasken Martineau Stringer Saul has strengthened its AIM business with the addition of partner Nicholas Narraway. Narraway has joined the firm from Kerman & Co. He spent two years at Kerman, before which he was a partner at Eversheds, where his role included a spell in-house with ...

  • Finers advises mobile porn kings on Sport acquisition

    8-Aug-2007

    Finers Stephens Innocent and Manchester outfit Nexus Solicitors have bagged the lead roles on the £50m sale of red-top newspapers the Daily and Sunday Sport.

  • Finers loses its innocence

    8-Aug-2007

    In a world where Hitler was a woman, a World War II bomber is found on the moon and a monkey can land a plane, anything’s possible. Even a City law firm offering the Daily Sport and Sunday Sport as reading material in its offices is conceivable. Finers Stephens Innocent has embraced new client Sport Media Group after it advised the adult content mobile provider as it branched out into adult content newspapers in the shape o

  • Firms braced for cost hit of new money laundering regulations

    6-Aug-2007

    More than half of the UK's law firms are gearing up for new Money Laundering Regulations, despite the guidelines not yet being finalised, a study has revealed.

  • Flame drilled

    6-Aug-2007

    There was some rather curious synchronicity last Tuesday (31 July) as a fire drill at Freshfields coincided with an alarm at Tulkinghorn's offices.

  • Football's cash influx provides win-win situation for lawyers

    6-Aug-2007

    Fans might find it nail-biting, but the lawyers are loving every minute.

  • Freshfields boosts German associate salaries

    9-Aug-2007

    Junior associates at Freshfields Bruckhaus Deringer's German arm will be some of the best paid in the country once a salary boost of €10,000 (£6,800) kicks in this autumn.

  • Freshfields cements cinven ties

    6-Aug-2007

    Freshfields Bruckhaus Deringer has completed a further healthcare acquisition for Cinven, with corporate partner David Higgins leading. The private equity house bought Spain's USP Hospitales chain off Mercapital for E657m (£442.7m). USP owns 13 hospitals and 16 outpatient centres across Spain. Mercapital turned to Allen & Overy, while USP's management was advised by Cuatrecasas. Higgins is fresh off advising Cinven on its £1.5bn ...

  • Freshfields' M&S saga: O'Brien admits conflict and accepts fine

    6-Aug-2007

    Barry O'Brien's fate as the sole Freshfields Bruckhaus Deringer partner shouldering the blame for a 2004 conflict of interest was sealed as early as January.

  • Freshfields stands by O'Brien after conflict case

    6-Aug-2007

    Freshfields Bruckhaus Deringer consultant Barry O'Brien will retain his role as head of corporate finance despite admitting a conflict of interest at the Solicitors Disciplinary Tribunal last week.

  • Friends reunited in Dubai

    7-Aug-2007

    With UK firms "cutting their own throats" (© Stephen Parish, Norton Rose) in Dubai, it was never going to be long before estranged partners faced each other over the negotiating table.

  • Futures vision

    6-Aug-2007

    Scotland is looking for alternatives to PFI and PPP funding and the Scottish Futures Trust could well be the answer, say Rhona Harper and Claire Donald

  • Latham bolsters New York with O'Melveny hire

    6-Aug-2007

    Latham & Watkins' New York office has made its second lateral partner hire in a week for its corporate department, luring Taurie Zeitzer from O'Melveny & Myers.

  • Latham makes its mark in Spain as Carlyle relationship pays off

    6-Aug-2007

    Latham & Watkins has hit the Spanish market in style, advising private equity house Carlyle Group on its 1.5bn (£1.01bn) acquisition of engineering company Applus.

  • Law firms consulted on leveraged loan agreement update

    6-Aug-2007

    The Loan Market Association (LMA) will consult with law firms to draft an updated version of the leveraged loan agreement document this summer. This is in response to the rapid development of the leverage loan market.

  • Lawyer at foot-and-mouth company has no US licence

    9-Aug-2007

    The general counsel for US animal research company Merial, one of the companies at the heart of the investigation into the foot-and-mouth outbreak in Surrey, has not had an active US legal licence since 2000, it has emerged.

  • Lawyers caught on the hop by foot and mouth outbreak

    9-Aug-2007

    Lost: one strain of foot and mouth, one law firm and one licence to practice law. Last seen in Surrey.

  • Linklaters boosts India practice by strengthening Singapore

    6-Aug-2007

    Linklaters has underscored its commitment to India with the transfer of London-based India group partner Arun Balasubramanian to Singapore.

  • Links thinks pink

    6-Aug-2007

    Despite Tulkinghorn being long in years and increasingly wide of girth, he appreciates innovation as much as the next man.

  • Lip service?

    6-Aug-2007

    Since the Treasury proposed the introduction of equity funding competitions into PFIs it has remained strangely tight-lipped on the issue. By John Smith and Al Goodwin

  • Lovells selects new chief for US regions

    6-Aug-2007

    Lovells has named a new US regional managing partner for the first time in 12 years, with litigator Marc Gottridge taking over from Joe McCullough last week (1 August).

  • Lovells team reunited with DWS in Dubai

    7-Aug-2007

    The Middle East teams at Denton Wilde Sapte (DWS) and Lovells have landed lead roles on the first rated sukuk issued by a Qatari corporate.

  • Mayer Brown claimant sued by Refco creditor

    9-Aug-2007

    The scandal surrounding the bankruptcy of insolvent commodity trader Refco took a new twist yesterday when a creditor's trustee sued Thomas H Lee, the private equity house that itself filed a claim against Mayer Brown Rowe & Maw (MBRM) two weeks ago.

  • Memery Crystal's turnover up by 8 per cent

    6-Aug-2007

    Memery Crystal has boosted its turnover by £1m this year to hit £13.9m, but average profit per equity partner (PEP) inched up by just £2,000 to £520,000 after a slower year on its key market, AIM.

  • Michelmores ramps up litigation and tax

    6-Aug-2007

    Michelmores has made two lateral hires to strengthen its litigation and tax departments. Commercial litigator Kathleen Wilson joins the firm as a partner from Speechly Bircham, were she was a partner for 12 years. Former RadcliffesLe

  • Micklethwaite quits Bingham to launch human rights boutique

    8-Aug-2007

    Bingham McCutchen financial services and litigation partner Neil Micklethwaite has announced his departure to launch a litigation and human rights boutique.

  • Moscow chief elected chairman at White & Case

    6-Aug-2007

    White & Case has implemented a long-debated three-tier management system with the election of project finance and banking partner Hugh Verrier as chair.

  • Nelsons seals tax victory for family businesses

    6-Aug-2007

    East Midlands-based law firm Nelsons has scored a landmark victory that could stop HM Revenue & Customs (HMRC) from forcing thousands of small family firms to pay more tax.

  • Ofgem: The three degrees

    6-Aug-2007

    Tackling climate change has been a longstanding issue for Ofgem's legal team, but it's just one of many challenges facing the regulator

  • OFT upgrades cartel team to build on £270m BA rap

    6-Aug-2007

    The Office of Fair Trading (OFT) is ramping up its cartel and criminal practice just days after hitting British Airways (BA) with a multimillion-pound price-fixing fine.

  • Ogier expands with Freshfields hire

    6-Aug-2007

    Offshore firm Ogier has appointed Nick Gamble as partner in its Guernsey office. Gamble joins from Freshfields Bruckhaus Deringer, where he was a partner in the finance practice. The firm has also promoted Raulin Amy and Dan Richards to its partnership in the business and trust law group in Jersey, effective from 1 September. They were previously managing associates.

  • Peter Fleischer: Google

    6-Aug-2007

    Google’s global privacy counsel Peter Fleischer is on a crusade to uphold the company’s stance against governments breaching users’ right to privacy. By Malar Velaigam

  • Pinsents bags Abbey corporate legal head

    6-Aug-2007

    Pinsent Masons has hired the head of the corporate legal team at Abbey Bruno Geiringer.

  • Project finance

    6-Aug-2007

    This year could see some belt-tightening at UK PFI practices as the Government seeks to rein in PFI spending. This was made clear by Treasury Solicitor Paul Jenkins, who has prohibited government departments from deviating from the new Catalist super-panel of law firms.

  • Project finance: Eastern assist

    6-Aug-2007

    Sub-Saharan Africa is ripe for development - and China is making the first moves. By Corinna Mitchell and Michael Foundethakis

  • Protestors force Musharraf to reinstate chief justice

    6-Aug-2007

    Lawyers and pro-democracy activists have struck a victory for the rule of law in Pakistan after succeeding in having the country's chief justice Iftikhar Chaudhry reinstated.

  • Ropes & Gray launches in Japan

    8-Aug-2007

    Boston-headquartered Ropes & Gray will launch an office in Tokyo, its first international office.

  • Rosenblatts wins Beachcroft finance whiz

    6-Aug-2007

    Rosenblatt Solicitors is building up its finance capability with the hire of Beachcroft head of financial services Nigel Frudd. Frudd, who has been a partner at Beachcroft for five years, will take up his new role as head of Rosenblatts' financial services department later this year. Rosenblatt managing partner Ian Rosenblatt said: "He's an extremely experienced lawyer, having worked in private ...

  • Rowe Cohen split puts serious dent in revenue

    6-Aug-2007

    Manchester-based Rowe Cohen has seen its revenue dip by nearly 40 per cent since it split in February this year.

  • Scotland must prepare for Clementi

    6-Aug-2007

    2007 is an important year for Scottish lawyers. It has seen the passing into law of the Legal Professions and Legal Aid (Scotland) Act and it will in all probability see the passing into law of the Legal Services Bill.

  • Scots hail OFT's call to relax restrictions

    6-Aug-2007

    Scotland's legal profession has welcomed calls from the Office of Fair Trading (OFT) for the Scottish legal regulators to relax the restrictions over legal services.

  • Second Life bar elects real life UK partner as president

    6-Aug-2007

    Field Fisher Waterhouse (FFW) partner David Naylor has been elected president of the Second Life Bar Association (SLBA) in the virtual world group's first-ever elections.

  • Separated at birth

    6-Aug-2007

    "This is no time for soundbites, but I feel the hand of history on my shoulder." Yes, you might well think that these words were spoken by our illustrious former Prime Minister Tony Blair about the Northern Ireland peace process, but in fact they came from the mouth of Sackers senior partner Ian Pittaway upon discovering his firm had made it into The Lawyer's top 100 for the first time ever.

  • Simpson Thacher seals landmark Blackstone fund

    10-Aug-2007

    The Blackstone Group has turned to regular adviser Simpson Thacher & Bartlett for the raising of its latest fund, the $21.7bn (£10.67bn) Blackstone Capital Partners V.

  • Simpsons wins residential property team

    6-Aug-2007

    Scottish firm Simpson & Marwick has acquired a residential property team from Aberdeen-based firm Paull & Williamsons (P&W). The team will join Simpsons' established Aberdeen-based residential property group in November this year. While the firm is keen to expand its residential property capabilities in the city, P&W will be focusing on its corporate and commercial and energy services. P&W chairman Bruce Smith said: "It was a very successful team for us, but the firm's moving ...

  • Skadden assists Weil with Lion's Russian juice deal

    7-Aug-2007

    Clifford Chance, Skadden Arps Slate Meagher & Flom and Weil Gotshal & Manges have played key roles in Lion Capital’s leveraged acquisition of Russian juice producer Nidan Soki.

  • Smith makes Twig snap

    6-Aug-2007

    Spare a thought for Simon Twigden, the Addleshaw Goddard litigation partner at the centre of the dispute with Mr Justice Peter Smith over a £750,000-a-year job at the firm.

  • Solicitors' code leaves bar owed

    6-Aug-2007

    The poor old bar is having a rough time when it comes to getting paid.

  • Speechly growth necessitates office shift

    6-Aug-2007

    Speechly Bircham is moving to new offices at 6 New Street Square, New Fetter Lane next summer. The firm has grown by 50 per cent in both turnover and fee-earner numbers over the past three years.

  • Stand by your man

    6-Aug-2007

    This has been the week of standing up for your colleagues. Freshfields stood right by its man Barry O'Brien as he faced the Law Society firing squad; British Airways (BA) backed its trusty adviser Slaughter and May despite the whopping £270m fine that's soon to be followed by a class ...

  • Tales from the Cripps

    6-Aug-2007

    Tulkinghorn was pleasantly surprised to note that, far from having died in an aeroplane crash in France in 1942 as is commonly believed, legendary US swing band leader and clarinetist Glenn Miller has been discovered alive and well at Tunbridge Wells-based Cripps Harries Hall.Congratulations to Mr Miller, his family and the firm.

  • The evolution of professional training

    6-Aug-2007

    Making changes to any profession's education or training scheme is always hazardous: some will interpret the suggestion of change as a slur on existing systems, while others will consider anything short of revolution as hopelessly timid.

  • The Howard Kennedy remedy

    6-Aug-2007

    It's time for the inaugural The Lawyer 200 spin awards, and an early entry is London's very own Howard Kennedy.

  • Thring Townsend to represent farmers over foot and mouth

    10-Aug-2007

    South West firm Thring Townsend was instructed yesterday (9 August) by the National Farmers’ Union (NFU) in relation to a potential action for losses suffered by farmers as a result of last week's foot and mouth outbreak.

  • Tyco breakaways name new counsel

    6-Aug-2007

    Tyco Electronics and Tyco International's former healthcare division Covidien have named their European general counsel following the companies' split from Tyco International in early July.

  • Web week

    6-Aug-2007

    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 webweek@ thelawyer. com.

  • Work Life Quiz: Ian Forrest, Hammonds

    6-Aug-2007