6 October 2008
Every now and then a judge hands down a ruling that should make the profession sit up and take note.
Akin Gump Strauss & Hauer has opened its first office in Abu Dhabi, sending in lawyers from its US and UK offices for the launch.
K&L Gates, Mayer Brown offer crisis management" /There is nothing like a crisis to rally the troops, particularly if those troops have been forced to watch the action from afar. Just ask Akin Gump Strauss Hauer & ...
The Bar Council is warning that it has not endorsed a data protection company offering to register sets with the Information Commissioner’s Office (ICO).
London charity specialist Bates Wells & Braithwaite has hosted a poetry breakfast with Cornish poet Sally Crabtree in advance celebration of National Poetry Day today.
Bates Wells & Braithwaite partner Philip Trott is launching a complaint against the police after he was separated from rapper client Busta Rhymes at gunpoint.
Blake Lapthorn has announced a redundancy consultation with 43 members of staff across both fee-earning and non-fee-earning roles.
Brabners Chaffe Street has bagged a lead role acting for West Ham United on the club’s appeal against a £30m payout to Sheffield United.
BT Group has held its second video conference on diversity for in-house legal teams and law firms, with general ;counsel ;Anne Fletcher leading the session.
Her Majesty’s Courts Service (HMCS) is to take more space in the Rolls Building to create London’s new Business Court after initially underestimating the amount of space needed.
CMS Cameron McKenna has filled the final places on its new-look management board.
Capsticks" /Founded 26 years ago from the ashes of a former NHS in-house department, Capsticks is probably enjoying 2008 more than many other firms.
Linklaters" /Linklaters’ Central and Eastern Europe (CEE) spin-off firm is gearing up for its launch next month, calling itself Kinstellar.
The litigators have been called in for a dispute over the purchase of US bank Wachovia between potential buyers Citigroup and Wells Fargo.
Several major City law firms are considering changing their terms of business in client engagement letters to take account of the current banking crisis.
A raft of top City lawyers have been called on to advise on the Government's £50bn bank rescue scheme.
Cleary Gottlieb wins role in Fortis bank sale" /Cleary Gottlieb Steen & Hamilton has joined in the acquisition of struggling Benelux bank Fortis, bagging the instruction for BNP Paribas on its €14.5bn (£11.3bn) offer.
Cobbetts is the latest property-heavy firm to announce further redundancies following double-digit layoffs expected at Wragge & Co and Eversheds.
US firms Covington & Burling and Kirkland & Ellis have both announced their partnership promotion rounds, with Covington making record promotions in London.
Ireland’s race to bring its infrastructure into line with its post-boom economy means there is still plenty for projects lawyers to be getting on with.
For a firm lacking a wide network of overseas offices, a surprising number of Pillsbury Winthrop Shaw Pittman’s clients are international.
Davis Polk & Wardwell, Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell have scored roles on Citigroup’s acquisition of Wachovia’s banking operations.
Mirroring the residential property market boom, conveyancing practices inflated in size like helium-filled balloons.
DLA Piper is set to launch an office in Romania, hiring senior associate Marian Dinu from the former Bucharest office of Linklaters to lead the venture.
DLA Piper has expanded its presence in the Gulf through a joint venture with the international division of Kuwaiti firm Al Wagayan, Al Awadhi & Al Saif.
If Tulkinghorn casts his mind back he can still recall the global financial meltdown of the late 1920s and 1930s. Back then, of course, one could always find solace in a good book.
EMW Law has made a further 17 members of staff redundant, bringing the total number of redundancies at the firm to 21.
Eversheds curbs travel in bid to cut costs" /Eversheds has called on its staff to restrict the amount they travel in a bid to cut down costs.
A year on from the merger of Dewey Ballantine and LeBoeuf Lamb Greene & MacRae, their integration is not quite complete – but M&A head Mort Pierce has the global top 10 firmly in his sights.
Germany’s industrial economic strength means its lawyers are optimistic despite the downturn – and the German offices of UK firms are coming good too
Up to 43 members of staff are set to lose their jobs at Leeds firm Fox Hayes, taking the total number of UK 200 redundancies to 722.
Former partners locked in drawings battle accuse firm of holding back vital documents
Five more partners have left US firm Heller Ehrman, which recently announced its dissolution (TheLawyer.com, 26 September).
Herbert Smith’s corporate practice is unlikely to threaten the magic circle this year, but the firm has won enough mandates on big-ticket deals to make its rivals sit up and take notice.
Blackstone Chambers silk David Pannick QC has been made a non-party political peer by the House of Lords’ appointments commission.
It enjoyed an economic boom in the 1990s that was the envy of its neighbours. Now much of the growth in Ireland may have dried up in the midst of a looming recession, but lawyers lucky (or bright) enough to work in two increasingly important markets are still smiling.
It's alive! 10 October 2008A classic Mary Shelley moment today as the Law Society has discovered that the monster it created is alive and kicking.
A judge has hit out at the participants in a four-year dispute over the construction of Wembley Stadium after they racked up £22m in costs.
Fox Williams has recruited corporate partner Nick Sayers from Lane & Partners, which has just merged with Bird & Bird.
Latham & Watkins poaches seven A&O Hong Kong partners" /Allen & Overy (A&O) has lost a quarter of its Hong Kong office partners as seven corporate partners including its regional corporate head have defected ...
The Law Society has issued a practice note to clarify the position of firms that deposit client money in a bank that goes bust.
The Law Society has commissioned a review which could see solicitors at large corporate firms fall under a separate regulatory regime from those on the high-street.
The Legal Services Board (LSB) has appointed Chris Kenny as its first CEO. Kenny is currently project director of the transition team that is establishing the Legal Services Board.
And then there were more.
The last month’s upheavals in the credit markets are “seismic”. And with each new tectonic shift in the world’s financial map, lenders, borrowers, and agent banks have been closely re-reading the “boilerplate” provisions of the typical US credit agreement.
London sports firm Couchman Harrington Associates has won a choice mandate from pensions company Aegon to advise on its sponsorship of the Lawn Tennis Association (LTA).
National firm Irwin Mitchell is planning a radical overhaul its training programme, centralising its first-year training budget as part of the scheme (The Lawyer, 29 September).
White & Case has secured a mixed ruling on one of the most anticipated judgments on competition law from the European Court of Justice (ECJ).
•Capital markets partner Reiko Sakimura has joined Clifford Chance in Tokyo from Linklaters.
Penningtons has appointed a new chief executive who has pledged to double the firm’s profit within four years.
Shoosmiths has boosted its Birmingham income by 20 per cent just six months after hiring a social housing team from Cobbetts.
Dewey & LeBoeuf, Norton Rose and Travers Smith have all won roles on investment bank Nomura’s extended roster of preferred firms.
When politicians discuss the financial markets they generally appear to be talking about a parallel world. Pro or anti-regulation? Pro or anti-screwdriver? What matters is what the tool is used to achieve. Pro or anti-speculation? Speculation, or trading, is what markets are for – it is trading that makes a market work. ...
Orrick Herrington & Sutcliffe has become the latest firm to snap up a group of lawyers from collapsed firm Heller Ehrman.
The former UK legal director of Paramount Home Entertainment has launched a boutique media firm.
As the days here get colder and shorter, are you worried that the bonus won’t quite stretch to a sojourn next to the azure waters of the Caribbean? Or that there won’t be a job left for you when you return?
Tulkinghorn likes the entrepreneurial spirit in people. And, as a result, he is full of admiration for this year’s intake of trainees at Scottish firm Burness.
Reed Smith has launched a London investment funds practice with the hire of former Nabarro partner and barrister Dale Gabbert.
Reed Smith's Birmingham office goes it alone" /The Birmingham office of Reed Smith is to split with the firm and branch out on its own in a bid to focus on the regional market.
Litigation firm Reid Minty, now RMPI, is suing three former employees for breach of fiduciary obligations, alleging that the trio took three substantial clients with them when leaving the firm.
If a movie was made about your life, which actor would play you and why?Tom Cruise (for the height) and Boris Karloff (for the looks). Charlie Chaplin should do the stunts.
The Law Society of Scotland has appointed a new chief executive. Lorna Jack, who takes up the post after six years working in Boston as Scottish Development International’s Americas president, will replace outgoing chief Douglas Mill. Jack said she was looking forward to leading the organisation through a period of “unprecedented change”.
After 18 years of pitting his wits against Paul Merton on BBC panel show Have I Got News For You, Ian Hislop has jumped ship to work as a litigation partner at Roythornes’ Spalding office, in the guise of former Malletts Solicitors practitioner Chris Parslew.
The Serious Fraud Office (SFO) is to appeal the High Court’s ruling that one of the Government’s longest and most expensive prosecutions should be dropped.
SJ Berwin has set up a firmwide associate focus group to decide whether an of counsel role should be introduced.
Ashurst, Salans, SJ Berwin and Speechly Bircham have been handed leading roles in the rescue of troubled home furnishing MFI with an eleventh hour management buyout.
Following five consecutive years of falling rates, lawyers have been shocked to find that professional indemnity (PI) insurance rates have doubled for the 2009 renewal season. Hardest hit are those already facing a myriad of economic challenges: small firms, sole practitioners and conveyancing practices.
Tulkinghorn has sent a few excitable scribes along to parties at Lovells in his time, and has always been impressed by their reports of great food and cocktails.
Sonnenschein Nath & Rosenthal has opened its second office in Europe with the acquisition of Zurich-based hotels and hospitality boutique, Bloch & Partner.
The Solicitors Regulation Authority has attacked the Law Society for over-stepping its remit in launching a potentially dramatic review into the regulation of the legal profession.
Sullivan & Cromwell and Davis Polk & Wardwell have secured roles on US insurance giant AIG’s additional $37.8bn funding.
Eversheds, which is rarely off Tulkinghorn’s radar, accompanied a handful of Tulkinghorn’s acolytes to the Royal Shakespeare Company’s latest production of Hamlet, with the meet-and-greet helping to ease new managing partner Bryan Hughes into the media stewpot.
Victoria Prais travelled to Armenia to train newly qualified judges on the ins and outs of Article 5 of the European Convention on Human Rights – and found encouraging signs that the legislation is making an impact.
Article 5 of the European Convention on Human Rights (ECHR) often makes headlines in the UK.
Ashurst, Herbert Smith and Slaughter and May have all won leading roles on Bradford & Bingley’s (B&B) rescue.
Denton Wilde Sapte, Freshfields Bruckhaus Deringer and Slaughter and May have snared key roles as the UK arms of two Icelandic banks at the heart of the ...
Over lunch yesterday at Bingham McCutchen’s midtown Manhattan office, the firm’s co-head of its financial restructuring group seemed proud - to say the least - of his firm’s efforts during the current meltdown.
It was literally a last-minute intervention. At 11.59am yesterday (8 October), the Federal Reserve extended its standstill on Citigroup's lawsuit over Wells Fargo's bid for US bank Wachovia.
Almost a year on from the launch of the single electricity market, Ireland’s potential in the wind power sector means firms that have built up their energy practices are positioned to reap the rewards.
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Wedlake Bell lays off 17" /Wedlake Bell has launched a redundancy consultation with six lawyers and 11 support staff.
You have just been given the news that you are in the dreaded “redundancy consultation pool” – what should you do next?
As legal counsel at private equity house Aureos Advisors, Sarah Clinch often has to work in countries with little, if any, legislation for financial deals.
Where there's a loser, there's usually a winner. So far in credit crunch terms, most of the winners are hard to pinpoint. But in the aftermath of the collapse of Heller Ehrman, the most successful vultures are already making themselves known.
Awards ceremonies are difficult to deal with for the losers, but sometimes even harder for the winners – especially if you’re a barrister. All that pressure to come up with a speech that does your oratorical skills justice can sometimes prove too much.
Full marks to Wragge & Co. Not only is it proposing paying three times the statutory minimum to the 30 fee-earners currently in a redundancy consultation - a sum that rollonfriday reported as comparing favourably with some of its meaner rivals - but its doing its best to find them all jobs afterwards.