9 July 2007
Latham & Watkins has hired Sarah Nappi as counsel in Washington DC. She joins from Miller & Chevalier, where she was a partner.
Allen & Overy (A&O) has taken a Norton Rose partner for its Thailand office, making him counsel.
Allen & Overy (A&O) has strengthened its restructuring capabilities through a newly formed association with French insolvency firm SCP Santoni Paccioni et Associes.
Allen & Overy (A&O) has caught up with the rest of its magic circle rivals, posting an incredible 31 per cent increase in average profit per equity partner (PEP) and a 20.5 per cent rise in turnover, it was revealed today.
Allen & Overy (A&O), Freshfields Bruckhaus Deringer and Linklaters have scored key roles advising on a Middle Eastern banking mega-merger.
Allen & Overy (A&O) may not have quite regained its position as the most profitable City firm after Slaughter and May, but it’s certainly had the biggest PR campaign.
The Dutch Supreme Court has ruled that Dutch bank ABN Amro does not require shareholder approval to sell US arm LaSalle to Bank of America (BoA).
Japan's Asahi Law Offices has lost another partner as it struggles to regain its footing following the sale of its international business to rival Tokyo firm Nishimura & Partners (now Nishimura & Asahi).
Baker & McKenzie has broken the £600,000 average profit per equity partner (PEP) figure, with UK net profit rising by 18 per cent to £35.1m.
Barclays Bank has modified its panel structure and has appointed 10 new firms in response to its rapidly expanding global business.
The BBC's director of business and legal affairs Sarah Cooper has been promoted to chief operating officer (COO) at BBC Worldwide.
Cushman & Wakefield's Ben Bennett has found a role that makes use of both his legal and business skills. By Jon Parker
Bircham Dyson Bell has posted a turnover of £31.5m for 2006-07, up 7 per cent from last year's £30.1m. But average profit per equity partner (PEP) is projected to slump by around 12 per cent, from £310,000 to £270,000.
The case of Peter Bloxham against Freshfields Bruckhaus Deringer took a dramatic twist in the final moments of Bloxham’s cross-examination today, as it was claimed that Freshfields knew the risks of mixing pension reforms with a huge restructuring.
Freshfields Bruckhaus Deringer has been accused of insufficient consultation leading up to its 2006 partners’ pension reform and forcing out its former insolvency partner Peter Bloxham, an employment tribunal heard today.
Freshfields Bruckhaus Deringer's former insolvency partner Peter Bloxham is understood to be seeking £4.5m in damages.
Scottish firm Brodies has posted its seventh year of double-digit growth, boosting its revenue by a huge 43 per cent this year.
CMS Cameron McKenna will be the first City firm to launch in the Ukraine when it opens a 30-lawyer office in Kiev in September.
The Centre for Effective Dispute Resolution (CEDR) today launched its Commission on Settlement in International Arbitration.
China's Ministry of Justice has outlined plans to allow experienced lawyers to set up private law firms under newly proposed legal reforms.
And the Toys and Prams Team Award goes to… Sullivan & Cromwell, who collectively left the floor in a massive flounce the moment they realised they hadn’t won International Law Firm of the Year at this year’s Lawyer Awards. The incident caused much sniggering among the nearby tables and even made The Times.
City firm CMS Cameron McKenna is to slash its IT staff count by two-thirds as part of its plan to outsource more of its work.
Although the new Code of Conduct has brought few surprises, it should not be dismissed by the profession, say Katherine Rees and Rebecca Armstrong
An unhealthy obsession with carpets seems to have spread across the magic circle, from Freshfields Bruckhaus Deringer to Allen & Overy (A&O).
Eversheds has snared Denton Wilde Sapte’s (DWS) head of its India group as part of its strategy to expand further into the Indian market.
Low-performance, low-potential employees make up one-tenth of most businesses' workforces, a statistic that, naturally, has grave implications for UK businesses. Shedding staff, even underperforming staff, in a climate where law firms are desperate to find talent seems, at best, counter-intuitive. Nevertheless, retaining for the sake of retaining damages both the long-term health of the firm and the career progression of the individual and will not help solve the skills shortage.
DLA Piper has overhauled its partnership constitution following a wholesale review that gives the board power to axe equity partners with 12 months' notice.
DLA Piper has merged its litigation and regulatory teams, creating one super group for the Europe, Middle East and Africa (Emea) region.
The European Court of Justice (ECJ) has rejected an attempt by Belgian bar associations to declare an EU money laundering directive illegal.
Michael Todd QC of Erskine Chambers has been elected as the new chairman of the Chancery Bar Association (ChBA). Todd replaces the former head of New Square Chambers Charles Purle QC, who stepped down as chair last month to join the bench as a specialist chancery judge on the Midlands circuit. Todd becomes the ChBA chair after standing unopposed ...
Eversheds distances itself from NQ salary war" /Eversheds has refused to bow to pressure from its national rivals by raising its salaries for newly qualified lawyers (NQs) to just short of the City rates of DLA Piper and ...
Eversheds has slashed its regional managing partner positions as part of a national management overhaul.
Eversheds has refused to bow to pressure from its national rivals by raising its salaries for newly qualified lawyers (NQs) to just short of the City rates of DLA Piper and Pinsent Masons.
It's all kicking off this week down at the London Central Employment Tribunal. At the hearing today (see story) it emerged that several senior figures in Freshfields' management - including senior partner Guy Morton and chief executive Ted Burke - will be called as witnesses.
Linklaters has scored the lead EU and US roles on Rio Tinto's $34bn (£16.75bn) bid for Canadian aluminium company Alcan.
Superheroes and Grey Panthers: no, not a new cartoon series but just two of the constituencies in the Freshfields Bruckhaus Deringer partnership, according to former partner Peter Bloxham.
Freshfields Bruckhaus Deringer’s managing partner divulged today (13 July) that the firm was in an ongoing dispute with one of its retired partners.
Freshfields Bruckhaus Deringer's firmwide partner conference sought to draw a line under the past year's strife by tabling new priorities.
Freshfields Bruckhaus Deringer co-senior partner Guy Morton admitted that changing the demographics of the magic circle firm was a consideration, if not a motivation, of the recent pension reforms that have sparked an age discrimination claim against the firm.
Freshfields Bruckhaus Deringer will go before the Solicitors’ Disciplinary Tribunal (SDT) at the beginning of August for its role in the Marks & Spencer (M&S) takeover bid three years ago.
Fried Frank is set to launch an equity capital markets (ECM) practice in Germany with the hire of a partner from Allen & Overy’s Frankfurt office.
Scottish firm Gillespie Macandrew has acquired specialist housebuilder firm Haig Scott & Co. On the back of the merger Gillespie will now be setting up a dedicated housebuilder team to further fortify its place as one of the leading mid-tier firms in Scotland. The merger marks the property firm's fifth such deal in the past three years and is expected to contribute to the firm's target ...
Gordons has completed its acquisition of Bradford practice David Yablon Solicitors. The deal, which sees Gordons' headcount boosted by five partners, 37 fee-earners and 21 support staff, increases the firm's fee income by more than £2m. Gordons managing partner Paul Ayre said the acquisition focuses the firm's aim to be a major presence in Yorkshire. Gordons plans to retain David Yablon's office, which is less than 100 yards away from its own.
Hammonds has become the latest firm to join the associate pay war, announcing pay rises for all its newly-qualified solicitors (NQs).
Harbottle & Lewis has promoted four associates to the partnership.
Hogan & Hartson has taken its third partner this year from Freshfields Bruckhaus Deringer in Paris, hiring former office head James Vaudoyer.
Ince & Co has boosted its real estate and aviation practices with the hire of Thomas Cooper partner Tim Scorer and associate Trevor Garrood from Simmons & Simmons. Scorer joins the aviation practice as a consultant. He will specialise in aviation claims and insurance disputes and is looking to expand Ince's aviation group. Garrood joins the firm as a real estate partner in the business and finance ...
Judges will no longer wear wigs in civil and family disputes, after the Lord Chief Justice introduced sweeping changes to court working dress.
East Anglian firm Kester Cunningham John has posted a growth in revenue of just less than £1m as it targets the commercial, private client and property markets in the region.
Kilpatrick Stockton is definitely not shutting down its London IP practice, despite the loss of department head Helen Newman. Honest. The fact that the partner who's assuming leadership of the City group, Chris Woods, is based in New York is a mere detail.
The $1.7bn (£844.14m) secondary buyout of luggage company Samsonite by CVC Capital Partners has strengthened Kirkland & Ellis's ties with key private equity client Bain Capital.
Shareholder activism is by no means a new concept. There have been activist funds around for a considerable period of time, although their targets have often been smaller companies struggling to cope with their listed status. City law firms would not traditionally have been a natural place from which such funds would obtain legal advice, but the situation has now changed.
The Legal Services Complaints Commissioner Zahida Manzoor today (10 July) raised concerns that the Law Society was not handling complaints in line with its own policies.
The Law Society hosted a roundtable discussion last month (25 June) to promote wider peace talks in Colombia.
The Law Society will pay out up to £100,000 to sick miners after their law firms provided inadequate professional services in relation to the British Coal compensation scheme.
The 25 June edition of The Lawyer ran a story about my appearance before the Competition Appeal Tribunal. The headline said "CAT raps Sullivan over non-qualified lawyer role". The article then asserted that the firm had received a "slap on the wrist over a fundamental procedure rule".
Linklaters continued its hiring spree today with Italian lawyer Giovanni Pedersoli and Claudia Parzani joining the firm's Milan office.
Linklaters planning team has won government consent for the ‘Walkie Talkie,’ the 177m tower development at 20 Fenchurch Street, London.
Capital markets and securitisation specialist Mitsuhiro Yasuda has quit Linklaters' Japanese operation in favour of newly formed firm Nishimura & Asahi.
Linklaters' stunning returns put CC's crown within reach" /Clifford Chance must be looking over its shoulder after arch-rival Linklaters' revenue broke the billion-pound mark for the first time.
Lovells has hired its second Italian partner in as many months, boosting its Rome arm with the hire of SJ Berwin competition partner Gianluca Belotti.
Lovells has landed a multi-jurisdictional role advising Advanced Metallurgical Group (AMG) on its IPO on the Euronext Amsterdam stock exchange.
Lovells has created the new role of European business development manager, appointing Jill Warren from Freshfields Bruckhaus Deringer.
The Lawyer's Management Team of the Year winner and Simmons managing partner Mark Dawkins outlines his ambitious three-year strategy for the firm, starting with a £600K PEP target for next year
Mayer Brown Rowe & Maw (MBRM) has advised consultancy group WS Atkins on the disposal of its UK-based property agency business Lambert Smith Hampton (LSH) to De Facto 1498. The purchaser is a company backed by LSH Management and Bank of Scotland Integrated Finance (BoSIF). MBRM corporate partner Richard Page led the team with assistants Stephen Beales and Gabriel Olearnik, with advice from tax ...
Respected former Pearson and 3 general counsel Paul Vickers has re-emerged at burgeoning publishing company Mecom.
Microsoft UK has restructured its legal department, promoting commercial lawyer Dervish Tayyip to manage the legal group.
Mills & Reeve enjoys 14 per cent turnover hike to £57m" /Mills & Reeve has cracked the £50m turnover mark for the first time, the firm's financial year-end results reveal.
When Clyde & Co held its seminar in the Middle East there was an unexpected attendant.
The London office of US firm Morrison & Foerster (MoFo) has scored a life sciences double, advising on an $825m (£409.52m) licensing deal for drug researcher Renovo and on the float of Amsterdam Molecular Therapeutics (AMT) on Euronext.
Monckton Chambers has scored a European Court of Justice (ECJ) victory that will see investment trusts collectively receive a £300m tax refund in addition to making annual savings of £40m.
The Lawyer Awards’ dinner was cut short for one guest, private equity partner Richard Youle of Linklaters, who had to dash off to close a deal even before the petits fours were served. He must have been the swishest person in the meeting room, as he was still wearing his black tie.
Mr Justice Peter Smith came out fighting after the Court of Appeal rebuked the judge for blighting his judgment with personal feelings in a recusal application.
Nabarro associates have taken a proactive approach to coming up with the firm's alternative career path structure.
The UK Patent Court has been thrown into disarray with the promotion of leading patent judge Mr Justice Pumfrey to the Court of Appeal.
Norton Rose has advised project company Mesaieed Power Company on the $2.4bn (£1.19bn) financing of a gas-fired power generation facility in Qatar. The company is owned jointly by Marubeni Corporation, Qatar Petroleum and Qatar Electricity and Water Company. The facility will receive feedstock gas from Qatar Petroleum. The project, known as 'Mesaieed A', is to be the largest power project to ...
Bristol-based Osborne Clarke has scooped projects partner Richard Temple from the London office of Washington DC-based Hogan & Hartson.
The man known as 'the king of the libel bar' Richard Rampton QC is standing down as the head of One Brick Court, making way for Andrew Caldecott QC in a move that will be watched closely by media lawyers.
US firm Paul Hastings Janofsky & Walker has vowed to concentrate on growing its London office despite the recent departure of its City-based German group, led by Geza Toth-Feher.
US firm Paul Hastings Janofsky & Walker has matched Weil Gotshal & Manges by upping its London newly qualifieds’ salary to £90,000.
Pinsent Masons has acted for the majority shareholders of Living Ventures on the £28m sale of the Living Room business to Ultimate Leisure Group. Corporate partner Joanne Ellis led on the deal, which saw Living Ventures offload Living Room restaurants and bars, which operate from 13 sites across England and Scotland. The company's Blackhouse Grill and Est Est Est restaurants were not sold ...
Last week (1 July) saw the introduction of the Solicitors' Code of Conduct. After five years in the making there were few surprises; however, the code does place increased emphasis on risk management and claims avoidance.
The risk of prosecution from another jurisdiction has grown exponentially in today's global marketplace, making caution, risk management and insurance key planks for any adviser, says Matt Andrews
Eighty one per cent of the UK's top law firms have no black partners, with just 3.7 per cent of partners coming from ethnic minorities, according to the Black Solicitors Network's (BSN) 2007 diversity league table.
The bar is often criticised for being elitist, Oxbridge dominated and simply outdated, but a glossary of clerking speak shows that the bar can be ‘down with the kids’.
It appears there's a bit of a legal 'love-in' going on since Baroness Scotland was appointed attorney general. Scotland, who was a founding member and former head of chambers of 1 Gray's Inn Square, has received accolades from across the legal profession.
Semple Fraser gears up for remuneration overhaul" /Scotland's Semple Fraser is reviewing its remuneration structure in a bid to attract talent at the top of the equity.
New York-based Shearman & Sterling has opened an office in Shanghai, the firm's third base in China.
If Simmons & Simmons is permitted to open a Beijing office later this year, the firm is considering making it a life sciences hub.
SJ Berwin has lured an LG (Lawrence Graham) investment funds partner to join its expanding financial markets group.
SJ Berwin has landed a role advising Elliott Bernard and Sir Stuart Lipton's Chelsfield Partners on the acquisition of London's Kensington High Street Commonwealth Institute site for redevelopment. The value of the acquisition has not been disclosed. The deal saw Chelsfield team up with Addison Developments, a company controlled by the site's freeholder the Ilchester Estate, to develop the site. ...
Have you ever wondered why sometimes it feels like barristers' clerks are speaking a completely different language?
Mr Justice Peter Smith and Addleshaw Goddard were in negotiations that would have seen the judge join the firm in a £750,000-a-year package for him and a court assistant, which would have equated to the top of the Addleshaws' equity.
The Solicitors Regulation Authority (SRA) is considering updating its confidentiality code of conduct following a hard-hitting market abuse study from the Financial Services Authority (FSA).
Standard Chartered Bank has overhauled its in-house legal function by combining the wholesale banking legal team with the central legal function.
The Corporate Homicide Bill has promised to bring about change in relation to managers' and directors' accountability for health and safety issues
There's one story that has absolutely flabbergasted the legal world this week - the Court of Appeal's savaging of Mr Justice Peter Smith.
A staggering amount of lawyers have had enough, but they're sticking around for the money. And it makes no difference if you're young or old, male or female, in-house or in private practice - the figures show consensus across the board
Travers Smith is the latest firm to announce its financial results, posting a solid 15 per cent rise in both turnover and average profit per equity partner (PEP).
Belgian firm Verhaegen Walravens has hired a five-lawyer corporate team from rival firm Elegis, boosting its numbers in the wake of the firm's split with Field Fisher Waterhouse (FFW).
Will the new Business Court spell the end of the great divide? Nina Goswami reports
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City firm Wedlake Bell has promoted two lawyers to the partnership, bringing the number of partners at the firm to 42. Michael Ridsdale and Michael Morris are now partners in the corporate tax and property departments respectively. Ridsdale, who has been at Wedlake Bell since 2005, advises on M&A, joint ventures and management buyouts. Morris will be advising clients on high-value residential ...
Linklaters and White & Case have landed lead roles on CVC Capital Partners' planned leveraged buyout (LBO) of tobacco company Altadis.
Private client specialist Withers has hired its second partner in as many months, swooping for Addleshaw Goddard media and public law partner Jennifer McDermott.
Birmingham-based Wragge & Co has promoted eight lawyers to director level, the firm's intermediate tier of seniority between associate and partner.
The plot is thickening at the Freshfields age discrimination hearing. Yesterday (10 July) we had cartoon heroes. Today we have talk of a conspiracy theory. As we report today, it was claimed that Freshfields ‘knew' the risks of mixing its pension reforms with its partnership restructuring, dubbed ‘Size and Shape'. See story. This afternoon co-senior partner Guy Morton and managing partner Peter Jeff