Dewey Ballantine is taking on its first German lateral following a recommendation from investment bank UBS. Philipp von Ilberg, a capital markets and corporate finance lawyer, is moving to the US firm from Clifford Chance Pünder, which he joined in 1997 before becoming a partner in 2001. Von Ilberg is the firm’s first German hire since setting up a German capability 18 months ago, when Geza Toth-Feher joined from Weil Gotshal & Manges. First revealed on www.thelawyer.com/lawyernews 26 August
Firms rebuff captive insurance funds
Contrary to predictions last autumn, law firm uptake of captive insurance funds has been minimal, despite huge rises in professional indemnity (PI) insurance in 2001 and 2002.A study by Aon Professional Risks, which holds 25 per cent of the market for law firm PI insurance, found that while larger firms have investigated shifting to captives, there has been […]