7 November 2005

The Lawyer

  • The bar

    7-Nov-2005

    Joanne Harris on the month at the bar:All change for managementCircuits return to work amid the legal aid crisisBarristers prove that business is still booming as record earnings are revealedPrashar brought in for diversity push

  • Asia

    7-Nov-2005

    The boom in the Chinese market is also leading to a rapid growth in the use of offshore vehicles. Vicki Hazelden reports

  • Author of Fish Sunday Thinking quits the law

    7-Nov-2005

    Paul Wragg, the former Hammonds assistant who made waves this summer with his novel depicting sex and scandal in a solicitors' firm, has quit the law to become a full-time author.

  • Baxter v Knowles

    7-Nov-2005

    The two most aggressively expansionist firms in the world are going head-to-head in the race to go global - and there's no love lost between them. Steve Hoare reports on the clash between DLA Piper and Orrick

  • Bermuda

    7-Nov-2005

    A slew of legislative changes has improved the outlook for Bermuda's investment industry. Vanessa Lovell Schrum reports

  • Berrymans elects new senior partner

    9-Nov-2005

    Berrymans Lace Mawer senior partner Paul Taylor is stepping down after 14 years at the helm of the insurance heavyweight, to be replaced by Terry Renouf.

  • Bird & Bird projects 20 per cent PEP rise at half-year

    10-Nov-2005

    Bird & Bird’s continued European expansion has helped it to a 22 per cent increase in revenues at the half-year point.

  • Brick Court QCs in Euro employment face-off

    7-Nov-2005

    Brick Court Chambers has both won and lost a case that could ban companies from outsourcing work to cheaper jurisdictions in other parts of the EU.

  • British Virgin Islands

    7-Nov-2005

    A boom in Russian involvement in the BVI is leading to a flood of work for local litigators. Simon Gray reports

  • Careers: In brief

    7-Nov-2005

    The Law Society is developing a product to enable solicitors to prepare home information packs (HIPs) for consumers who are selling their homes. The Government plans to introduce HIPs in 2007. Speaking at the Law Society Property Section Annual Conference in London, Law Society president Kevin Martin said: "The pack will have numerous advantages, including a fast, efficient online service which will require nothing more than a PC and an internet connection. I want to emphasise the point ...

  • Careers: People

    7-Nov-2005

    Kirkland & Ellis has hired Natasha Watson, formerly of Baker & McKenzie, and Helena Potts, formerly of Weil Gotshal & Manges, as associates in its London-based European restructuring group.

  • Carlyle turns to Latham for China LBO

    7-Nov-2005

    Latham & Watkins is acting for longstanding client Carlyle Group on the largest leveraged buyout in China - the $371m (£210m) takeover of Xugong Group Construction Machinery, China's largest construction equipment producer.

  • Cayman islands

    7-Nov-2005

    The role of the Cayman special purpose company is under scrutiny. Owen Jones reports

  • CCB flotation heralds China and Hong Kong IPO goldrush

    7-Nov-2005

    China and Hong Kong have become global hot spots for IPOs following the recent closure of the $8bn (£4.52bn) IPO of the China Construction Bank (CCB).

  • Chadbourne swoops on Coudert Russian team

    8-Nov-2005

    New York firm Chadbourne & Parke has doubled its Russian presence, securing a three-lawyer team and the St Petersburg offices of Coudert Brothers.

  • Charles Russell half-year revenues rocket 25 per cent

    8-Nov-2005

    Charles Russell has reportedly increased gross revenues by 25 per cent during the first half of the fiscal year.

  • Cleary prepares for Beijing office launch with Cravath partner hire

    7-Nov-2005

    Cleary Gottlieb Steen & Hamilton has poached Cravath Swaine & Moore senior securities and capital markets partner Clayton Johnson for its new Beijing office.

  • Crisis meeting saves Nauta's Rotterdam office from the axe

    7-Nov-2005

    Dutch giant Nauta Dutilh has headed off a call to close its 30-partner Rotterdam office at a crisis meeting called by the management board last Wednesday (2 November).

  • Darby's does Dallas

    7-Nov-2005

    This year The Rising 50 - The Lawyer's look at smaller-turnover firms - has thrown up no end of revelations, but none are as miraculous as the identity of Oxford firm Darby's marketing manager. He is none other than Mr Kennedy. Mr John Kennedy. Middle initial 'F'. And yes, he's known as JFK.

  • Deacons partner joins Kendall Freeman

    7-Nov-2005

    Kendall Freeman has made a rare lateral hire, taking Deacons partner Martin Lister for its international corporate insurance practice.

  • Dentons half-year PEP rebounds after partner exodus

    9-Nov-2005

    Denton Wilde Sapte is predicting its profit per equity partner to move back above the psychogically-important £300,000 milestone by the end of the financial year but revenues are likely to suffer.

  • Dewey steers Investcom through first-ever DIFX flotation

    7-Nov-2005

    Dewey Ballantine has landed a role on the largest ever stock market flotation to come out of the Middle East and the first on the Dubai International Financial Exchange (DIFX).

  • Direct bar access under threat as Law Soc challenges Bar Council

    7-Nov-2005

    The Bar Council and the Law Society were at loggerheads in the Court of Appeal last week in a case that could determine the future of the bar's direct access scheme.

  • DLA boosts Brussels further with Gide hire

    7-Nov-2005

    DLA Piper Rudnick Gray Cary has bolstered its Brussels regulatory team with a new hire from Gide Loyrette Nouel.

  • DMH Stallard wins location battle for football club

    7-Nov-2005

    The combined forces of South East firm DMH Stallard and 2-3 Gray's Inn Square have won the campaign to get planning permission for Brighton & Hove Albion FC's new stadium.

  • Dutch spilts caused by Continental Shift

    7-Nov-2005

    Crisis meetings, office closures, partner walkouts: it doesn't sound much like the Netherlands. But UK legal culture is infectious. De Brauw and Nauta Dutilh are finally starting to grapple with the strange concept of profitability.

  • Euronext, Deutsche Börse ponder tough LSE bid conditions

    7-Nov-2005

    The Competition Commission has given the green light for Euronext and Deutsche Börse to bid for the London Stock Exchange (LSE), but imposed some tough conditions that many believe are potential deal-breakers. Following a seven-month inquiry, the commission found that both bids would "substantially lessen competition" and ruled that the deals would only get the go-ahead if the buyers agreed to reduce their control over the LSE's clearing house after a merger. The commission believes ...

  • Eversheds partner departure compounds Birmingham woes

    7-Nov-2005

    Large cracks are forming in Eversheds' Birmingham office after the departure of yet another partner.

  • Eversheds ramps up fraud team with SFO hire

    8-Nov-2005

    Eversheds has scored a major coup for its fraud team with the hire of Serious Fraud Office (SFO) deputy director Peter Kiernan as a partner.

  • Eversheds secures role on Rosemary Nelson Inquiry

    7-Nov-2005

    Eversheds' inquiries and investigations team has won the coveted role of adviser to the inquiry into the death of Northern Irish solicitor Rosemary Nelson.

  • Firm profile: Withy King

    7-Nov-2005

    Withy King" /Managing partner: Martin Powell Turnover: £10.5m Total number of partners: 29 Total number of fee-earners: 110 Main practice areas: Commercial; personal injury and clinical negligence; probate, wills, trusts and conveyancing ...

  • Fried Frank set for merger with Paris boutique

    8-Nov-2005

    Fried Frank Harris Shriver & Jacobson is going head-to-head with the Paris elite as it launches an association with bankruptcy litigation boutique Lantourne.

  • Gibraltar

    7-Nov-2005

    A ruling in favour of the Transport and General Workers' Union has opened up UK government departments to legal action within Gibraltar. Conn MacEvilly reports

  • Goodbodys, Dillons top Ireland's funds league table

    7-Nov-2005

    A&L Goodbody and Dillon Eustace have scooped the bulk of Ireland's funds work as the value of funds services there approached the $1tr (£566bn) mark.

  • Grapevine

    7-Nov-2005

    Stadlen slams Pollock and LovellsThe speech of Fountain Court's Nicholas Stadlen QC at the close of the epic BCCI trial on Wednesday 2 November was so good we decided to print it in its entirety. Well, nearly in its entirety. Here are the edited highlights of his masterful 6,901-word blast:"Today the claimants have, by their discontinuance, publicly conceded that the claim against the Bank [of England] is hopeless and that it cannot succeed. After ...

  • Guernsey

    7-Nov-2005

    Interest in Guernsey-based investment funds is rocketing following a relaxation of regulation. Ben Morgan reports

  • Halliwells and Addleshaws cash in on Allsports sale

    7-Nov-2005

    Halliwells and Addleshaw Goddard won roles on last week's sale of sports retailer Allsports to the John David Group. Addleshaws Manchester partner John Joyce acted for new client John David, owner of JD Sports, on the £18m acquisition. Halliwells corporate recovery partners Gavin Jones and Richard Wolff advised BDO Stoy Hayward, Allsports' adminstrators. Allsports went into administration on ...

  • Hammonds' Aston Villa relationship strengthened by takeover mandate

    7-Nov-2005

    Hammonds has confirmed its longstanding relationship with Premiership football club Aston Villa by advising it on a takeover approach from a consortium led by Birmingham businessman Michael Neville.

  • Hammonds on course for turnaround at half-year stage

    9-Nov-2005

    Hammonds has reported strong growth in turnover and profitability for the first six months of the current financial year, with half-year revenues estimated at £65m.

  • Hearsay

    7-Nov-2005

    Which in-house PR gatecrashed a party, attended by the Norwegian Royal family, at the Guildhall?

  • Imperfect timing

    7-Nov-2005

    Lordy! It would appear the curse of the press party has struck again. Remember Herbies' ill-timed bash hosted by its once-feared litigation team last month, just days after its embarrassing defeat in Equitable? Now it's the turn of Deloitte.

  • International eye: Italy

    7-Nov-2005

    Husnara Begum on the month in Italy: McDermott and Carnelutti go their separate ways Taylor Wessing takes its first steps into the region Tonucci's giant merger is stalled CC wins back former chief for Italian renaissance Parmalat rages on

  • International report: Sheppard Mullin Richter & Hampton, Los Angeles

    7-Nov-2005

    Los Angeles-based Sheppard Mullin Richter & Hampton has seen a tenfold growth in its eastern presence in the past year, but that is only stage one of the firm's expansion strategy.

  • Introduction

    7-Nov-2005

    The Lawyer's latest global offshore report reveals the most important developments taking place in the offshore world. This report also includes the widest geographical spread of jurisdictions so far in one issue - a reflection of the growth in offshore work.

  • Isle of man

    7-Nov-2005

    A bilateral agreement between the Netherlands and the Isle of Man could benefit the wider offshore market. Daniel Mackelden reports

  • Jenner & Block opens for business in New York

    7-Nov-2005

    US litigation powerhouse Jenner & Block opens in New York today (7 November) as the firm moves to broaden its national base.

  • Jersey: mediation

    7-Nov-2005

    Jersey is catching up fast on the UK's appetite for ADR. Gillian Robinson reports

  • Jersey: trustees

    7-Nov-2005

    Trustees are no longer unpaid amateurs, but effective remedies against those that overcharge are as vital as ever. Paul Tracey reports

  • Kilpatrick Stockton braces for more layoffs in London

    7-Nov-2005

    Kilpatrick Stockton is set to conduct a swathe of compulsory redundancies as part of its ongoing bid to slash its London office.

  • Lawyers query Company Law Reform Bill proposals

    7-Nov-2005

    Lawyers have welcomed the publication of the new Company Law Reform Bill, but doubts remain over some of its proposals.

  • Legal Widow

    7-Nov-2005

    With a hard winter predicted, the Lawyer has sent a pre-emptive letter to the council despairing of the potholes in the road. Of course, the last thing a hardworking lawyer wants to feel beneath the wheels of his new executive saloon is the bump and grind of a hardworking road, and the Lawyer believes that his taxes entitle him to a better ride.

  • Lovells ramps up in Moscow with White & Case hire

    8-Nov-2005

    Lovells has hired former White & Case senior associate Suren Gortsunyan as a partner in the firm’s Moscow office.

  • Lowenstein beats US elite to Chapter 11 litigation

    7-Nov-2005

    New Jersey firm Lowenstein Sandler has beaten US heavyweights Reed Smith, Sonnenschein Nath & Rosenthal and Winston & Strawn to advise the unsecured creditors committee in a Chapter 11 bankruptcy matter.

  • Man v Freightliner ruling eases auditors' duty of care responsibilities

    7-Nov-2005

    The settlement of Equitable Life's negligence claim against Ernst & Young (E&Y) meant that the legal world was denied a judgment on the thorny issue of auditors' liability. But the massive MAN v Freightliner case has turned up to fill that gap. MAN Group, represented by

  • Meic Sullivan-Gould: London Borough of Hackney

    7-Nov-2005

    After years of neglect, the London Borough of Hackney is finally getting the TLC it needs. And the passion of its deputy director of legal is helping the reform. Lorraine Cushnie reports

  • Mishcons India leads Godrej on its first UK acquisition

    7-Nov-2005

    Mishcon de Reya's India team, led by corporate partner Nick Davis, has advised Godrej Consumer Products on its first UK acquisition. Godrej, one of India's fastest-growing fast-moving consumer goods companies has bought Keyline Brands. Keyline, which boasts revenues of £16.7m, manufactures, sells and distributes cosmetics and toiletries to the likes of Boots, J Sainsbury and Tesco.

  • Monckton head appointed Public Law Commissioner

    9-Nov-2005

    The Department for Constitutional Affairs (DCA) has appointed Monckton Chambers’ joint head Kenneth Parker QC as the new Public Law Commissioner.

  • Mother's ruin is lawyer's shoo-in

    7-Nov-2005

    The concept of work-life balance is really being embraced these days among lawyers. Few, though, have done as well at marrying business and pleasure than former Addleshaws partner Susannah Sheppard.

  • Nice guys are the right guys

    7-Nov-2005

    The image of top lawyers as legal automatons is being eroded by a better working culture. By Neil Paterson

  • Norton Rose releases four-partner Bakers team six months early

    7-Nov-2005

    The four-partner securities team leaving Norton Rose for Baker & McKenzie will now quit the firm at the end of November, The Lawyer can reveal.

  • Onshore tax

    7-Nov-2005

    EU countries are moving towards lower corporate tax, while the introduction of holding company legislation has increased their attractiveness. Wynne Thomas reports

  • Opinion

    7-Nov-2005

    Barristers in the North are anticipating much-improved chancery and mercantile capabilities

  • Paul Hastings boosts private equity with Milbank hire

    8-Nov-2005

    Paul Hastings Janofsky & Walker has appointed former Milbank Tweed Hadley & McCloy of counsel Kathryn Brown as a partner in its London office.Brown is a private equity specialist who regularly advises investment banks and private equity houses on leveraged buyouts and cross-border transactions throughout Europe.Paul Hastings corporate department chair Robert Miller said Brown’s hire would enhance the firm’s private equity practice capabilities in London.

  • Peacock buyout sees Sullivan, Freshfields land advisory roles

    7-Nov-2005

    Freshfields Bruckhaus Deringer and Sullivan & Cromwell have scooped advisory roles on the take-private of discount clothing retailer ...

  • Pension rules augur hike in bankruptcies

    7-Nov-2005

    Lawyers have warned of a rise in bankruptcies due to the pressure on companies to plug pension deficits within only a few years.

  • Pigment of one's imagination

    7-Nov-2005

    The busy Tuesday evening continued for several of Tulkinghorn's hacks as they gamely trooped over to Holborn for Lawrence Graham's annual Halloween party.Sadly, they arrived too late for a 'colour reading', a type of fortune telling that reveals inner personality. Legal Network TV presenter Caroline Davies made it, though - to be told she was a witch.

  • Pinsents lands £100m Kent schools initiative

    7-Nov-2005

    Pinsent Masons' PFI lawyers have secured the firm's first major deal for Kent County Council.

  • Pollock, Lovells come under fire after dropping £850m BCCI claim

    7-Nov-2005

    After 256 days in court, the £850m misfeasance claim, brought by the liquidators of the Bank of Credit & Commerce International (BCCI) against the Bank of England, sensationally collapsed last Wednesday (2 November).

  • Quotes of the week

    7-Nov-2005

    'We were looking for a cost-effective solution. We didn't feel we needed a solicitor.'

  • Salans set for firmwide management elections

    7-Nov-2005

    Salans is gearing up for management elections that could result in wholesale management change at the firm's 14 worldwide offices, including the UK.

  • Senior judges threaten legal action against Government

    7-Nov-2005

    Relations between bench and DCA at all-time low as both sides instruct Wilberforce silks over Judicial Pensions Bill

  • Separated at birth

    7-Nov-2005

    Last week was a tough one for Ross Kemp. The actor, who plays EastEnders hardman Grant Mitchell, saw his missus banged up after she allegedly walloped him in the chops after a night on the tiles - well, dinner with David Blunkett. So Kemp, who also goes by the name of Peter Lawson when moonlighting as Motorola's general counsel, was relieved to try and repair the damage ...

  • Shearman opts for yearly pay reviews

    7-Nov-2005

    Shearman & Sterling's associates will no longer enjoy six-monthly pay reviews following an overhaul of the London office's salary system.

  • Sidley KPMG tax shelter fine settles at $45m

    7-Nov-2005

    A US federal judge has granted preliminary approval to a multimillion-dollar class action settlement against Sidley Austin Brown & Wood and KPMG over abusive tax shelters that KPMG sold to wealthy individuals.

  • Six-month PEP up 30 per cent at Taylor Wessing

    9-Nov-2005

    Taylor Wessing is anticipating at least a 30 per cent rise in profits at its half-year stage. The firm’s UK managing partner Michael Frawley said figures were yet to be finalised but average profit per equity partner (PEP) could rise as much as 35 per...

  • SJ Berwin wins Oakmayne and Londonewcastle property deal

    7-Nov-2005

    SJ Berwin has strengthened its fledgling relationship with residential property developer Londonewcastle and picked up new client Oakmayne Properties on the joint purchase of Embassy Court, a seven-storey 1960s residential block in St John's Wood. Embassy Court was bought by the developers for £23.7m. A landmark £70m residential scheme is planned for the site. Plans for the development in London's prestigious ...

  • Southern Africa benefits from DLA Piper's human rights plan

    7-Nov-2005

    DLA Piper's human rights plan" /DLA Piper Rudnick Gray Cary lawyers have helped to set the standards of human rights advocacy in southern Africa with the publication of a new litigation manual.

  • Stephensons bags sixth finance partner in a year with Lovells raid

    7-Nov-2005

    Stephenson Harwood has hiked its banking and asset finance capabilities with the hire of Lovells partner David Lacey as head of non-contentious trade finance.

  • Super six months as SJ Berwin revenues rise 19 per cent

    9-Nov-2005

    SJ Berwin is on track to bolster its turnover for the third year running, after reporting a 19 per cent increase in gross revenue at the half-year mark.

  • Switzerland

    7-Nov-2005

    Switzerland may still have the reputation for discreet banking, but dubious funds can no longer take advantage of Swiss banking secrecy laws. Michael Fisher reports

  • The Lawyer global offshore report

    7-Nov-2005

    The UK Government's more rigorous approach to tackling fraud has created unexpected challenges for offshore advisers. Helen Ratcliffe reports

  • The real spiel

    7-Nov-2005

    Tulkinghorn happened to find himself on Denton Wilde Sapte's (DWS) website the other day and spotted a list of what were clearly the firm's core values: services, practice areas, intelligence, expertise, legal advice. All good, commendable stuff. But whoever decided it was a good idea to arrange them as an acrostic to spell out 'Spiel' was either having a Radox or hadn't watched enough Only Fools and Horses.

  • The work-life quiz

    7-Nov-2005

    Matthew Williams, partner, Hunton & Williams

  • Top of the crass

    7-Nov-2005

    The new chair of the Judicial Appointments Commission appears to be very proud of her titled status. Apparently, her email address begins 'baroness.prashar'.

  • Track and yield

    7-Nov-2005

    It was over to Ken's house on Tuesday 1 November for Tulkinghorn as Clintons' sports team threw a bash to celebrate London's victory in its Olympics bid.

  • Two Field Court head defects to Landmark Chambers

    7-Nov-2005

    Civil set Two Field Court has been plunged into confusion by the imminent departure of its head of chambers Ashley Underwood QC to Landmark Chambers.

  • Wragges' new leadership will have to boost corporate

    7-Nov-2005

    As Wragges loses rainmaker Metcalfe to management, what next for corporate? By Donna Sawyer