Allen & Overy has swooped on Norton Rose to hire highly rated projects specialist and former Amsterdam managing partner Arent van Wassenaer. The appointment comes just a few weeks after The Lawyer revealed A&O is to slash the number of equity points awarded to its London-based project finance partners in a bid to keep the […]
Associate pay war has broken out in New York, with two more Manhattan majors boosting associate salaries. Paul Weiss Rifkind Wharton & Garrison and Cahill Gordon & Reindel have raised all of their associate salaries by $20,000 (£11,000), matching the emerging benchmark figure of $145,000 (£82,000) for first years. As reported this week (thelawyer.com 9 […]
Structured finance specialist Martin Bartlam has been appointed the new head of Orrick’s London offfice.Bartlam, a former Jones Day head of finance who spent two years as head of structured products at Credit Lyonnais (now Calyon) in London, joined Orrick in December 2004. He succeeds Adrian Harris, whose two-year term as office leader expired at […]
Former Steptoe & Johnson international trade partner Peter Lichtenbaum has returned to the firm after a stint in President Bush’s administration.Lichtenbaum left Steptoe in August 2003 to become assistant secretary of commerce for export administration. His role covered US dual-use export control policy and a variety of governement-related trade and security initiatives. Lichtenbaum was previously […]
Dechert is ramping up its IP litigation practice with the hire of seven new partners from Dewey Ballantine and is also launching a new office in Austin, Texas. Intellectual property litigators James Elacqua, Bryan Farney, Stephen Rosenman, Andrew Thomases, Craig Allison, Noemi Espinosa and Jonathan Baker have joined the firm as partners. Farney will launch […]
Two more New York firms have raised their associate salaries, suggesting the recent wave of rises among West Coast firms is being mirrored in the East. Davis Polk & Wardwell and Milbank Tweed Hadley & McCloy increased associate pay on Wednesday (8 February) by $20,000 (£11,000) across the board, with first-years due to receive $145,000 […]
Herbert Smith has scooped a role defending BAA from the proposed takeover bid by Ferrovial. as the Spanish construction company completes a beauty parade of potential advisers. Herbert Smith, led by corporate partner Gareth Roberts is advising key client BAA on defending itself from Ferrovial’s advances. The BAA board has asked shareholders not to take […]
Cadwalader Wickersham & Taft has scored double digit growth in both turnover and profits for 2005. The New York firm saw revenues increase 16 per cent to $483m (£277m) while profit per equity partner jumped 21 per cent to $2.547m (£1.46m). Average compensation per partner rose 16 per cent to $2.025m (£1.16m). London managing partner […]
Offshore firm Ogier has made two internal partner promotions in its Cayman Islands office. Giorgio Subiotto, a corporate and commercial lawyer who joined the firm in 2002 from Sullivan & Cromwell, has also worked Linklaters and Brazilian firm Pinheiro Neto-Advogados. Colin Mackay advises on mutual fund administration for law firms and banks. Before joining Ogier […]
Competition teams at Allen & Overy and Slaughter and May are celebrating a win after the Office of Fair Trading (OFT) indicated it would clear the pending £8.1bn merger between Pharmaceutical giants Boots and Alliance Unichem. Allen & Overy corporate antitrust partner Mark Friend led the competition side of the transaction for Alliance Unichem, while […]
Outer Temple Chambers has recruited five senior barristers from dissolving set 199 Strand, bringing recruits in the past two months to 10. Patrick Sadd, James Aldridge, Timothy Nesbitt, Rachel Vickers and Eliot Woolf have all agreed to join Outer Temple Chambers. Each barrister focuses on clinical negligence & healthcare, and personal injury. Deputy head of […]
Slaughter and May and Shearman & Sterling have just completed roles on one of the largest ever European high-yield bond issues. Petrochemicals business Ineos issued around EUR2.5bn of high yield bonds to refinance a funding package that helped it to acquire BP subsidiary Innovene in October 2005. Ineos paid $9bn for Innovene and the deal […]