9 March 2009
Addleshaw Goddard has bulked up its financial regulation group with the lateral hire of a partner from DLA Piper.
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’s funds group is setting up a base in Dubai to attack the Middle East and Asia investment funds market.
Texas firm Baker Botts announced today that it is laying off lawyers and staff due to the reduced demand for its services.
Baker & McKenzie has launched its second London redundancy consultation in as many months, seeking to make up to 85 staff redundant.
The recent turmoil in the banking sector has prompted a new regulatory regime aimed at reducing the impact of failed banks. By Nicola Evans
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
As financial institutions look back at their restructuring practices, it has become clear that lessons need to be learnt from past mistakes.
Blake Lapthorn has laid off 20 people at the end of its second redundancy consultation.
In restructuring property finance, enforcement is not your only option, says Nicholas Crocker.
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.
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.
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.
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.
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" /DLA Piper has boosted its ties with a South Korean ally ahead of the possible liberalisation of the country’s legal market.
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.
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 ...
Neville Eisenberg has been elected unopposed for his fourth term as managing partner of Berwin Leighton Paisner (BLP).
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.
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" 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 Bruckhaus Deringer has won a double role on the investigation into Cattles' finances, advising the company and leading the review.
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 Bruckhaus Deringer and Herbert Smith are advising on building supplies company Wolseley’s upcoming £1bn rights issue.
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.
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 has entered into its fourth redundancy consultation with 30 jobs at stake in the latest round of cuts.
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 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.
Changes in the restructure and insolvency of hedge funds has led a defining period for lawyers in the Cayman Islands, explains Peter Hayden.
The International Lawyers Project (ILP) is looking for City lawyers who have been made redundant to help develop overseas projects.
K&L Gates has ended several weeks of speculation by announcing a round of layoffs across its US and UK practices.
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 ...
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 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.
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 funding group Juridica has raised £35m through a secondary placing of more than 30 million ordinary shares on AIM.
A more diverse judiciary would result in a better standard of judges, the Lord Chief Justice declared today.
In restructuring property finance, enforcement is not your only option, says Nicholas Crocker.
Macfarlanes has recruited a partner from Dresdner Kleinwort bank in an unusual move for the firm, which rarely makes lateral hires.
US firms prefer high-status locations in the City; UK firms, though, are getting better value out of their properties.
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" /Nabarro has confirmed that it is laying off a total of 22 people across ...
My inbox has been bombarded over recent months with offers of cheap travel and accommodation.
The London pavilion was packed this afternoon, probably because Boris Johnson made an appearance.
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.
What do Liverpool, Manchester and Nottingham have in common? The only English cities to have provided European Cup winning teams?
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.
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.
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 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" /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 has appointed advocate Matthew Thompson as managing partner of its Jersey office.
Ralph Baxter says adaptability is key to riding out the recession – and he practises what he preaches.
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.
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.
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.
Reading-headquartered firm Pitmans has vowed to double the size of its London office as it takes over a three-partner private client firm.
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.
Nearly half the lawyers working at private equity houses are having their salaries ;significantly enhanced through receiving shares of fund’s profits.
Dismal market sees banking team hit hardest after banks retreat from the leveraged arena
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.
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 confirmed it would be laying off 89 associates and staff attorneys along with approximately 140 staff in its US offices.
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 is preparing to launch a review of its panel firms at the same time as setting up its first-ever barrister panel.
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.
Herbert Smith’s Benelux alliance partner Stibbe has hired Linklaters Brussels partner Thierry Denayer as head of tax.
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
"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 ...
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.
A quartet of US firms has won lead roles on Merck's $41bn acquisition of pharmaceuticals rival Schering-Plough.
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 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" /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.
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.