Allen & Overy (A&O) has boosted its New York litigation department, hiring former name partner of Milberg Weiss Bershad & Shulman Patricia Hynes. Hynes joins A&O as senior counsel, focusing on the magic circle firm’s white collar crime and financial services regulation practice. She is one of the most prominent lawyers to leave Milberg Weiss […]
Scottish firm Burness has reshuffled its management team, after promoting former head of property Ian Wattie to managing partner at the start of August. Partner Richard Rennie becomes the new head of property, with head of banking Scott Wilson elected onto the newly-created governance and strategy board. Wilson joins Wattie and firm chairman Philip Rodney […]
Fulbright & Jaworski has developed a landmark innovation in public-private financing in the US, in the process ensuring that the New York Mets baseball team will have its long-awaited new stadium for the 2009 season. Fulbright’s public finance, tax securities and asset finance practices worked to develop the payment in lieu of tax, or ‘PILOT’ […]
Dickinson Dees has won a competitive tender to bag the key role advising Standard Life on its entire national commercial conveyancing portfolio. Under the three-year contract announced today (22 August), the Newcastle-based firm expects to handle over 350 cases a year across England and Wales for the pension and investment specialist. Commercial property associate Joe […]
Latham & Watkins has bolstered its Singapore office, adding Davis Polk & Wardwell corporate attorney Rajiv Gupta as of counsel as the firm moves to ramp up its offering to India. Gupta previously worked in Davis Polk’s Hong Kong office, and specialises in representing investment banks and issuers on debt, convertible bonds and derivatives products. […]
Herbert Smith has and scooped corporate rivals Freshfields to strengthen its ties with IT supplier LogicaCMG, after advising on its £882m purchase of Sweden’s WM-data. LogicaCMG retains both Herbert Smith and Freshfields for transactional work, but has given the last two deals to Herbert Smith. In September last year Herbert Smith advised Logica on its […]
Clifford Chance and Freshfields Bruckhaus Deringer have taken the lead roles on the £675m sale of Travelodge, the second time the two firms have acted on the hotel groups’ sale. Clifford Chance, led by corporate partner Matthew Layton, advised Permira Funds on its sale of the hotel chain to private equity firm Dubai International Capital […]
Blake Lapthorn Linnell has won Porsche Cars GB as a client, advising the company on all its European events. The instruction is the first major appointment for the firm’s new travel unit, established to advise on travel and tourism law. Part of the firm’s personal injury and clinical negligence group, the unit is seeking to […]
Silicon Valley-based firm Cooley Godward has ended its long-running search for a merger partner, announcing a tie-up with New York litigation boutique Kronish Lieb Weiner & Hellman. The merger, which will be effective from 1 October, will to create a 550-lawyers national US firm to be known as Cooley Godward Kronish. Cooley Godward, which is […]
Media communications and market research company Aegis Group has appointed Mark Biddle as its group general counsel from Aviva. Biddle was previously general counsel for RAC from 2004 until Aviva acquired the company last year. The RAC dramatically slashed its Bristol-based legal services division following Aviva’s takeover, choosing to outsource its solicitors’ practice and uninsured […]
Linklaters has more partners than any other firm in the City earning in excess of £1m a year, exclusive research has revealed. The firm has a stunning 124 partners who pocketed upwards of £1m during the past financial year. Slaughter and May was the magic circle firm’s closest rival, with 90 partners earning more than […]
Average partner profits have outstripped associate salaries over the last six years, according to new research by The Lawyer. Average partner profits at the UK’s top 10 firms jumped by 32.2 per cent between 2000 and 2006, from £568,300 to £751,700. In contrast, in the same period the average salary paid to newly qualified solicitors […]