9 March 2009

The Lawyer

  • Addleshaws recruits DLA Piper partner for regulatory strategy

    9-Mar-2009

    Addleshaw Goddard has bulked up its financial regulation group with the lateral hire of a partner from DLA Piper.

  • Ashurst settles on new corporate chief

    9-Mar-2009

    Ashurst has selected private equity partner Stephen Lloyd as managing partner of its corporate practice. He replaces Roger Finbow, who is due to retire at the end of the year. Finbow has been a partner at Ashurst since 1985 and corporate managing partner for five years. He announced that he was going to stand down in January 2008. Adrian Clark remains the ­European head of corporate at the firm.

  • Ashurst to establish funds team in Dubai

    9-Mar-2009

    Ashurst’s funds group is setting up a base in Dubai to attack the Middle East and Asia investment funds ­market.

  • Baker Botts latest US firm to lay off lawyers and staff

    12-Mar-2009

    Texas firm Baker Botts announced today that it is laying off lawyers and staff due to the reduced demand for its services.

  • Bakers launches second redundancy round

    12-Mar-2009

    Baker & McKenzie has launched its second London redundancy consultation in as many months, seeking to make up to 85 staff redundant.

  • Banking & Finance Special Report: Bank checks

    9-Mar-2009

    The recent turmoil in the banking sector has prompted a new regulatory regime aimed at reducing the impact of failed banks. By Nicola Evans

  • Banking & Finance Special Report: Caught short

    9-Mar-2009

    With the temporary ban on short-selling now being lifted, the short-seller is no longer the FSA’s bogey man of the financial world, but transparency will now be incumbent upon those who wish to undertake the practice. By Peter Green and Jeremy Jennings-Mares

  • Banking & Finance Special Report: Crash and learn

    9-Mar-2009

    As financial institutions look back at their restructuring practices, it has become clear that lessons need to be learnt from past mistakes.

  • Blake Lapthorn cuts 20 jobs at end of consultation

    11-Mar-2009

    Blake Lapthorn has laid off 20 people at the end of its second redundancy consultation.

  • Building bridges

    9-Mar-2009

    In restructuring property finance, enforcement is not your only option, says Nicholas Crocker.

  • Building bridges: Ed Gretton, Hanson

    9-Mar-2009

    As legal head of a company with 400 subsidiaries, Hanson’s Ed Gretton had a tough job unifying the dispersed legal team. Tom Phillips reports.

  • Camerons ‘partner’ title up for grabs in London

    9-Mar-2009

    The title of partner at CMS Cameron McKenna is set to be extended way into the associate ranks, heralding a shake-up of its partnership.

  • CC remains defiant in face of US litigation woes

    9-Mar-2009

    The past six months have been tumultuous for Clifford Chance’s US litigation team, which has experienced a raft of associate layoffs and a number of partner ­defections.

  • Cuatrecasas leads the way on Enel’s Endesa takeover

    9-Mar-2009

    Leading Spanish independent firms Cuatrecasas and Uría Menéndez have scored the lead roles on Italian energy company Enel’s e11.1bn (£9.94bn) takeover of Spanish giant Endesa.

  • Deloitte uses DLA Piper on Mosaic work

    9-Mar-2009

    DLA Piper is advising the administrator of Mosaic ­Fashions, which owns retail chains including Karen Millen and Oasis. Deloitte partner Neville Khan turned to DLA restructuring partner Sarah Coucher. Manchester firm Heatons is advising Mosaic’s management. DLA has close ties to Kaupthing after advising it on its exposure to Baugur, which went into administration in the UK in February.

  • DLA Piper anticipates Korean liberalisation

    9-Mar-2009

    DLA Piper anticipates Korean liberalisation" /DLA Piper has boosted its ties with a South Korean ally ahead of the possible liberalisation of the country’s legal market.

  • DLA Piper lambasted by staff over payoffs

    11-Mar-2009

    The scale of unrest at DLA Piper has been revealed in the minutes of a meeting between senior staff and employee representatives regarding the firm’s redundancy programme.

  • Don't ask? Don't get

    9-Mar-2009

    When you’re made redundant from a law firm you know that the firm will do everything it can to stick to its standard financial package. But people are succeeding in getting extras thrown in. The trick is to be imaginative and use every negotiating skill in the book – in the heat of redundancy it can be easy to forget that this is no different from negotiating ...

  • Eisenberg elected for fourth term as BLP chief

    9-Mar-2009

    Neville Eisenberg has been elected unopposed for his fourth term as managing partner of Berwin Leighton Paisner (BLP).

  • Eversheds takes pole in green bike rally brief

    9-Mar-2009

    Eversheds has won a mandate as the sole adviser to the organiser of the world’s first zero-carbon grand prix, which will take place on the Isle of Man TT circuit in June 2009.

  • FFW IP partner makes US switch

    9-Mar-2009

    Field Fisher Waterhouse (FFW) IP partner John Olsen, who took his firm to an employment tribunal, has left to join the London office of US firm Edwards Angell Palmer & Dodge.

  • Flint Bishop

    9-Mar-2009

    Flint Bishop" class="inline_image inline_image_left" src="/pictures/web/images/16627_P7_Flint_Bishop.jpg" /With turnover dropping slightly over the past year, and a forecast for more of the same over the next 12 months, Midlands firm Flint Bishop has felt the effects of the downturn. But managing partner Ken Dixon suggests that the firm’s bank balance looks strong and that there are plenty ...

  • Freshfields gains dual Cattles instruction

    11-Mar-2009

    Freshfields Bruckhaus Deringer has won a double role on the investigation into Cattles' finances, advising the company and leading the review.

  • Freshfields names Marchant as Asia chief

    11-Mar-2009

    Freshfields corporate partner Simon Marchant is to become the firm's Asia regional managing partner, taking on a role vacated by Perry Noble in 2006.

  • Freshfields, Herbies land Wolseley issue

    9-Mar-2009

    Freshfields Bruckhaus Deringer and Herbert Smith are advising on building ­supplies company Wolseley’s upcoming £1bn rights issue.

  • G20 questions

    9-Mar-2009

    On 2 April, the G20 will publish a list of offshore jurisdictions deemed ripe for regulatory overhaul. Politicians set their sights on the offshore world some time ago, but with western economies now in meltdown it has become an urgent matter.

  • Good start for Hausfeld

    11-Mar-2009

    Michael Hausfeld has come a long way in the five months since he was allegedly expelled from his former firm Cohen Milstein Hausfeld & Toll (now Cohen Milstein & Toll) and he has his partner Anthony Maton to thank for it.

  • Halliwells launches fourth round of redundancy talks

    13-Mar-2009

    Halliwells has entered into its fourth redundancy consultation with 30 jobs at stake in the latest round of cuts.

  • Hammonds’ drawings fight nears closure

    9-Mar-2009

    Hammonds has settled with seven out of eight former ­partners involved in a £1.7m profits dispute with the firm, days before a cost hearing was due following a High Court clash.

  • HBJ office move points to headcount boost

    9-Mar-2009

    HBJ Gateley Wareing has taken advantage of the weak property market to move into bigger offices in London. The firm has boosted its office space by 50 per cent after moving from Bishopsgate into Fleet Place House in the City. HBJ currently has 50 staff in London, but plans to hit 75 in the near future ;by ;growing ;its ­corporate and restructuring practices.

  • Hedge trimmers

    9-Mar-2009

    Changes in the restructure and insolvency of hedge funds has led a defining period for lawyers in the Cayman Islands, explains Peter Hayden.

  • ILP appeals for pro bono talent for overseas work

    9-Mar-2009

    The International Lawyers Project (ILP) is looking for City lawyers who have been made redundant to help develop overseas projects.

  • K&L Gates cuts jobs in UK and US

    9-Mar-2009

    K&L Gates has ended several weeks of speculation by announcing a round of layoffs across its US and UK practices.

  • Law enforcement

    10-Mar-2009

    When someone of the standing of Sir Ken Macdonald QC, the immediate past Director of Public Prosecutions, goes on record criticising the country’s record on prosecuting fraud and, in particular, the effectiveness of both the Serious Fraud Office (SFO) and the Financial Service Authority (FSA), his concerns clearly need to be looked at carefully. In the post credit ...

  • Lawyer 2B shows A-level students the way

    9-Mar-2009

  • LG recruits Eversheds property consultant

    9-Mar-2009

    LG has poached Eversheds head of real estate litigation ­Carole Peet for its contentious property team. She joins the firm as a consultant in London.

  • LG stung by rates on £8m bank loan

    11-Mar-2009

    LG is locked into paying 6.27 per cent interest on an £8.2m loan for the next nine years at a time when the UK base rate has dropped to 0.5 per cent.

  • Links HK, China heads vie for top Asia job

    9-Mar-2009

    The battle to succeed Giles White as Linklaters’ Asia managing partner has pitted Hong Kong chief Marc Harvey (pictured) against China managing partner Zili Shao, as a new generation of management pushes through the ranks.

  • Litigation funder Juridica raises £35m on AIM

    10-Mar-2009

    Litigation funding group Juridica has raised £35m through a secondary placing of more than 30 million ordinary shares on AIM.

  • Lord Chief Justice calls for greater judicial diversity

    11-Mar-2009

    A more diverse judiciary would result in a better standard of judges, the Lord Chief Justice declared today.

  • LTV times

    9-Mar-2009

    In restructuring property finance, enforcement is not your only option, says Nicholas Crocker.

  • Macfarlanes turns to Dresdner for rare lateral hire

    13-Mar-2009

    Macfarlanes has recruited a partner from Dresdner Kleinwort bank in an unusual move for the firm, which rarely makes lateral hires.

  • Managing property costs: Lease is the word

    9-Mar-2009

    US firms prefer high-status locations in the City; UK firms, though, are getting better value out of their properties.

  • Mayer Brown to revamp management

    9-Mar-2009

    Mayer Brown chairman James Holzhauer is to step down from the management position after leading the US firm for two years.

  • Mayer Brown, Nabarro, Speechly, TLT end redundancy talks

    10-Mar-2009

    Mayer Brown, Nabarro, Speechly, TLT end redundancy talks" /Nabarro has confirmed that it is laying off a total of 22 people across ...

  • MIPIM blog 1: On the way to Cannes

    11-Mar-2009

    My inbox has been bombarded over recent months with offers of cheap travel and accommodation.

  • MIPIM blog 2: A thought from Boris

    11-Mar-2009

    The London pavilion was packed this afternoon, probably because Boris Johnson made an appearance.

  • MIPIM blog 3: Champagne and freebies

    11-Mar-2009

    Clear blue skies, sun, light breezes, lapping waves – sometimes it’s difficult to remember that there is a real world out there with storm clouds gathering.

  • MIPIM blog 4: The Yachts

    12-Mar-2009

    What do Liverpool, Manchester and Nottingham have in common? The only English cities to have provided European Cup winning teams?

  • MIPIM blog 5: The tragedy of the French waiters

    12-Mar-2009

    Wednesday and Thursday are traditionally the busiest time at MIPIM, so what did Wednesday bring? Possibly a few more people, but it is quite apparent that the crowds of last year are not holding back to make a dramatic late appearance.

  • Moves roundup: 9 March 2009

    9-Mar-2009

    Marriott Harrison has hired Mariel Monk as a litigation partner. She joins from Fasken Martineau in London, where she was a partner and head of litigation.

  • Nick Page, Bond Pearce

    9-Mar-2009

    Who would you least like to be stuck in a lift with? Russell Brand – he thinks he’s funny and I don’t.

  • Norton Rose calls on international team to help with HSBC rights issue

    9-Mar-2009

    Norton Rose has won a trophy mandate from key client HSBC, advising on its £12.5bn rights issue.

  • Norton Rose moots four-day week to save jobs

    12-Mar-2009

    Norton Rose moots four-day week to save jobs" /Norton Rose is to offer staff a four-day working week as part of a year-long contingency plan to cope with the economic downturn.

  • Ogier appoints new managing partner for Jersey

    9-Mar-2009

    Ogier has appointed advocate Matthew Thompson as managing partner of its Jersey office.

  • Orrick bends with winds of change

    9-Mar-2009

    Ralph Baxter says adaptability is key to riding out the recession – and he practises what he preaches.

  • Orrick puts brakes on Middle East launch

    9-Mar-2009

    Orrick Herrington & Sutcliffe has backtracked on plans to open an office in the Middle East as a result of the bleak economic ­outlook for the region.

  • Persimmon brings in Mayer Brown to put finances in order

    9-Mar-2009

    Mayer Brown has steered long-time housebuilding client Persimmon through the renegotiation of its ­existing debt, as well as advising on £1.1bn of new facilities with a consortium of banks.

  • PGP replenishes headcount after BLP raids staff for Moscow office

    9-Mar-2009

    Russian firm Pepeliaev Goltsblat & Partners (PGP) is rebuilding its office following Berwin Leighton Paisner’s (BLP) 70-staff raid on the firm at the beginning of the year.

  • Pitmans pledges to double City lawyer count

    9-Mar-2009

    Reading-headquartered firm Pitmans has vowed to double the size of its London office as it takes over a three-partner private client firm.

  • Private equity debate hijacked by politicos

    9-Mar-2009

    Leading corporate lawyers have spoken out against the politicisation of the debate over regulation of Europe’s private equity and hedge fund industries, which is expected to form a critical part of the agenda in the forthcoming European elections.

  • Private equity: more lawyers in the house

    9-Mar-2009

    Nearly half the lawyers working at private equity houses are having their salaries ;significantly enhanced through receiving shares of fund’s profits.

  • Revealed: A&O to axe half of its leveraged finance practice

    9-Mar-2009

    Dismal market sees banking team hit hardest after banks retreat from the leveraged arena

  • RPC hires White & Case MoD specialist

    9-Mar-2009

    Reynolds Porter Chamberlain (RPC) has hired projects and outsourcing partner Michael Scott from White & Case. Scott was a partner in US firm White & Case’s London energy, ­infrastructure, project and asset finance group.

  • Shipping Special Report: Sea and enemies

    9-Mar-2009

    Piracy is a very real and growing threat and one that can even land the unwary lawyer in hot water. By Tomás Fernández-Quirós and Oscar Morales

  • Sidley lays off more than 100 lawyers

    12-Mar-2009

    Sidley confirmed it would be laying off 89 associates and staff attorneys along with approximately 140 staff in its US offices.

  • Snow praises CC despite being left out in the cold

    9-Mar-2009

    The former Brobeck Phleger & Harrison chairman who masterminded Clifford Chance’s ill-fated US West Coast venture has praised the magic circle firm as he returns to private practice.

  • Southwark Council scrutinises panel firms

    9-Mar-2009

    Southwark Council is preparing to launch a review of its panel firms at the same time as setting up its first-ever barrister panel.

  • Special reports: Banking and Shipping

    9-Mar-2009

    The crisis among financial institutions has created a dearth of groundbreaking and unique work for banking and finance lawyers, much of it coming from the regulators.

  • Stibbe takes on Links tax partner

    9-Mar-2009

    Herbert Smith’s Benelux alliance partner Stibbe has hired Linklaters Brussels partner Thierry Denayer as head of tax.

  • Study reveals lawyers’ IQs are more in line with mere mortals’

    9-Mar-2009

    News that the relative intelligence of the legal profession could be in decline sparked ;a ;storm ;of ;debate ;on TheLawyer.com

  • The Lawyer Legal Summit 2008: Delegates

    12-Mar-2009

    The Lawyer Legal Summit 2008: Delegates

  • The political and the personal

    9-Mar-2009

    "This is an unsettling time for everyone,” runs the Allen & Overy (under)statement. You can say that again. What’s going on in the magic circle at the moment feels savage, but that may just be because of its contrast with the top-of-the-world confidence found at the same ...

  • Tulkinghorn: Slaughters' water torture

    9-Mar-2009

    Slaughter and May’s ­hilarious invisible water feature in the firm’s Bunhill Row office has been the subject of much banter in the City over the years.

  • US quartet advise on $41bn Merck buyout

    9-Mar-2009

    A quartet of US firms has won lead roles on Merck's $41bn acquisition of pharmaceuticals rival Schering-Plough.

  • Web Week

    9-Mar-2009

    What makes a great firm? What makes a market leader? And what makes the market leader? Today’s Web Week is dedicated to a spat between two posters on a couple of last week’s stories, who seek to answer just those questions in a heated debate.

  • White & Case lays off 400 in latest job cut round

    9-Mar-2009

    White & Case announced today it was laying off around 200 associates and 200 administrative and business support staff from its global network.

  • White & Case to cut up to 95 jobs in London

    10-Mar-2009

    White & Case to cut up to 95 jobs in London" /White & Case is expecting to cut between 80 and 95 legal and support staff jobs in London as part of a firmwide round of lay offs that will see 400 people lose their jobs.

  • Who fits the bill? Apax on the hunt for unflappable GC

    10-Mar-2009

    As private equity house Apax embarks on its search for a general counsel, the sector’s lawyers are abuzz with who might land the plum in-house role.