Denton Wilde Sapte has scooped its third major insolvency case this year. The firm has been appointed by accountants Kroll Buchler Phillips to work on the collapse of AIM-listed company SignCorp, which has got bank debts of between £8-10m. The amount owed to trade creditors has yet to be established.
Lloyd’s of London has appointed 29-year-old Sean McGovern as head of its in-house legal team. McGovern is currently in charge of finance and international and will take over as director of legal services when current head James Butler leaves to become head of legal at Egg bank on 1 April. McGovern joined Lloyd’s from Clifford Chance three years ago.
McDermott Will & Emery, the Chicago-based firm, has set up a share scheme under which partners will take a stake in clients that are raising funds. The shares will then be put into a pool, with the profits divided up among partners and assistants. The move is said to have started a trend, with several other US firms considering similar moves.
Cameron McKenna’s Dutch CMS alliance member Derks Star Busmann Hanotiau has lost corporate partner Frits van Hees to Ernst & Young. Van Hees is the second senior lawyer to leave the firm in as many months. The departures are the latest in a series of setbacks for the CMS alliance, which recently lost Swedish member Tisell & Co, also to Ernst & Young.
Bird & Bird is expanding its Hong Kong office with Julian Gyngell, a partner in the intellectual property and telecoms department. Gyngell is joining for six months and is expected to progress Bird & Bird’s expansion policy in Asia. He is expected to hire local lawyers to boost the Hong Kong operation.
Allen & Overy acted for Schroder Exempt Property Unit Trust on its £40m purchase of business park Kensington Village from Rysbridge Estates. Lovells advised the seller.
Cobbetts, the Manchester-based firm, has appointed a new financial director. James Boyd moves from Peter Rickson & Partners, where he developed financial, personnel and information technology strategies. Boyd will develop the finance function at Cobbetts, including management of the credit control department.
Freehill Hollingdale & Page has voted ahead of schedule to adopt a national partnership structure. As revealed in The Lawyer (28 February), partners were discussing abandoning its federated structure. They have now voted to create one national partnership by 1 July. Melbourne managing partner Peter Hay will become national executive chairman.
Cottrill Stone Lawless, the Manchester firm, has set up a non-personal injury road accident team in response to instructions from insurers 1st Automotive.The four person team will handle all non-personal injury claims, covering policy excess, car hire charges and repair costs.
Simmons & Simmons. Following the story in last week’s issue, “Simmons moving to ‘most expensive’ HQ”, we would like to clarify that the rent Simmons & Simmons is paying for its new offices at City Point EC2 is less than that already paid by a number of its competitors for their existing premises.