I'm the City editor. I oversee our reporting of deals and am responsible for the weekly Deals Insider email newsletter that comes out every Monday, covering client relationships, legal fees and data-led market trends. I also write stories and analysis on the top City law firms, with a focus on the magic and silver circle and in-house matters at big banks and corporates. Come to me with news about top firms, deals, legal panels and my pet subject, the collapse of US law firm Dewey & LeBoeuf. Follow me at @TheLawyerJoshua.
The UK Market Register shows the extent to which US firms, notably Baker & McKenzie, Latham & Watkins and White & Case, are now entrenched in the UK legal market.
41-50 segments: extracts subscription
We examine the UK’s top 50 law firms in groups of 10 – here are some extracts from the full report
Legal fees on UK public M&A are dwarfed by those paid to investment bankers on the same deals, with lawyers billing up to 70 per cent less on takeovers during the first half of 2013, according to research by The Lawyer.
Lawyers vs bankers subscription
Bankers stand head and shoulders above lawyers in the M&A fee stakes but growing deal complexity means the gap is closing
Legal fees on public M&A in the UK fell to just £26.1m in the first six months of 2013 after a relatively buoyant 2012, according to research by The Lawyer.
Internet TV service YouView is set to launch its first formal panel of external lawyers by the autumn, under a year after hiring a new legal chief from Virgin Media.
The Federation Against Copyright Theft (Fact) has taken on Group Lotus in-house lawyer Byron Jacobson as its first permanent general counsel.
Change in the air for Barclays panel subscription
Barclays is on the brink of a big change in the way it uses outside advisers
FFW and OC: near as dammit to a merger subscription
How close can you get without actually merging? Ask FFW and OC
YouView head of legal: Vitale statistics subscription
From a blank screen to being in hundreds of thousands of homes in a year, YouView is a catch-up TV phenomenon, as proud legal boss Toni Vitale is keen to emphasise
Clifford Chance has posted a 2.5 per cent drop in revenue for the 2012/13 financial year against a 9 per cent drop in average profit per equity partner (PEP).
Field Fisher Waterhouse (FFW) has sealed a Chinese tie-up that gives the firm its first major outpost in Asia and ramps up its capacity for fast international expansion through a newly launched Swiss Verein.
Norton Rose's Martocracy subscription
Norton Rose Fulbright’s expansionist strategy is based on strong leadership by CEO Peter Martyr – too strong for some
Latham & Watkins and Slaughter and May have taken the lead roles on Carlyle Group’s acquisition of global packaging supplier Chesapeake, marking Latham’s first deal for the trophy private equity client since hiring relationship partner David Walker from Clifford Chance earlier this year.
SJ Berwin is in the early stages of talks to outsource its document production unit amid a surge by City firms to seek out more efficient ways of operating.
Linklaters has claimed a 1 per cent like-for-like increase in global revenue to £1.195bn against a 6.5 per cent rise in average profit per equity partner (PEP).
Ashurst has posted a 9 per cent drop in average profit per equity partner (PEP) for the 2012/13 financial year alongside a roughly flat global revenue figure.
Norton Rose Fulbright’s global revenue has grown to £845.3m excluding its newly acquired US arm, with the firm describing the hike as a 4 per cent like-for-like rise.
SJ Berwin has turned to management consultancy giant McKinsey & Company for the hire of its first chief operating officer (COO).
Slaughter and May has been appointed to advise the Treasury on the break-up of the Royal Bank of Scotland (RBS) following a competitive pitch process.
Clifford Chance has posted a 4.5 per cent drop in revenue for Germany ahead of the firm’s announcement of its global financial results next week.
Morgan Lewis & Bockius is to launch in Dubai with a three-partner team from US rival Vinson & Elkins (V&E) including Middle East managing partner Ayman Khaleq.
General Electric finalises cut-down European panel subscription
Details have emerged of wranglings between General Electric (GE) in-house lawyers and the group’s procurement team over a slimming-down of its European legal panel earlier this year.
SJ Berwin property partner Edward Page is being tipped to become the firm’s next UK head of real estate amid speculation that current chief Simon Ricketts could stand down from the role.
Slaughters’ work safari subscription
Slaughter and May is developing its natural resources focus, cultivating links with clients looking to that new kingdom of hope – Africa. By Joshua Freedman
Financial Times (FT) general counsel Tim Bratton is set to leave the newspaper after nearly ten years at the helm of the publishing business’s legal team.
Brown Rudnick is advising a campaign representing up to 15,000 Co-operative Bank retail bondholders raising concerns about the lender’s £1.5bn restructuring.
Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters are among at least eight law firms advising on the high-profile bidding to take Eurasian Natural Resources Corporation (ENRC) private.
Hong Kong firm Ho Tse Wai & Partners has been revealed as the legal team acting for American whistleblower Edward Snowden.
Linklaters and German firm Hengeler Mueller have advised on Vodafone’s €7.7bn (£6.6bn) takeover of Kabel Deutschland.
Barclays calls lawyers in for cost-cutting summit subscription
Barclays’ external legal advisers are expecting widespread spending cuts by the bank’s legal function as part of its Transform Programme to drive efficiency and improve the UK lender’s image.
Dentons has voted in favour of closing its Kuwait office following a review but has stopped short of saying whether it would continue its association in the state.
Clifford Chance has selected Frankfurt partner Oliver Felsenstein as the new global head of its private equity practice following the exit of David Walker to Latham & Watkins.
Addleshaw Goddard, Eversheds, Hogan Lovells and Travers Smith have advised on Phoenix Equity Partners’ £50m investment in low-cost gym operator The Gym.
TLT has sealed a third partner hire for its new Manchester office by recruiting DLA Piper IP disputes specialist Graeme Orchison.
Field Fisher Waterhouse (FFW) has ratcheted up its City partner recruitment by hiring three lawyers from a trio of firms covering corporate, finance and tax.
Clifford Chance has hired Norton Rose Fulbright corporate insurance partner Ashley Prebble, who joins the magic circle firm’s London practice.
DWF is to take a team from DLA Piper following the latter’s wide-reaching restructuring, with a three-person corporate team in Edinburgh resigning to join the expansive firm.
Taylor Wessing is set to put nearly 100 London roles in redundancy consultation as part of a restructuring of its secretarial function.
Allen & Overy (A&O) has turned to an in-house lawyer again for a senior hire, taking on Visa Europe general counsel and executive vice president Vanessa Turner as an antitrust partner in Brussels.
You have to be good to worry about fee rates subscription
Mid-market firms fret about their image, while the elite focus on pricing
Herbert Smith Freehills (HSF) tax litigation partner Rupert Shiers has quit the firm to join Hogan Lovells as head of its direct tax disputes practice.
Allen & Overy (A&O) and Linklaters have taken headline roles advising on the Co-operative Group’s £1.5bn debt restructuring that will see bondholders offered shares in the bank through a so-called ‘bail-in’.
SJ Berwin has reported a 2.5 per cent rise in revenue for the latest financial year against an anticipated drop in average profit per equity partner (PEP) of roughly 10 per cent.
Ashurst has its reasons for choosing Glasgow subscription
There’s more to Ashurst’s Scottish venture than a quest for the lowest cost
Lacking Middle Eastern promise subscription
A tough Middle East market means setting up an outpost there requires an alternative approach
Norton Rose Fulbright name clarification/confusion subscription
Norton Rose Fulbright naming clarification meets US bar rules. Bar rules win
Norton Rose Fulbright has been forced to retain its legacy Fulbright & Jaworski banner as its registered name in the US temporarily for regulatory reasons.
Linklaters goes back to Bakers for latest Asia hire subscription
Linklaters has added to its Hong Kong competition practice by hiring Baker & McKenzie partner Clara Ingen-Housz.
Macfarlanes has continued its recent uptick in lateral partner hiring by taking on Shearman & Sterling real estate specialist Clare Breeze.
Ashurst to open low cost support base in Glasgow subscription
Ashurst is set to transfer a large proportion of its London support staff to a new low-cost office in Glasgow headed by high-profile former Dundas & Wilson partner Michael Polson.
Paul Hastings’ London office has taken an advisory role for the corporate finance group behind a plan to distribute shares in RBS and Lloyds Banking Group to the public as part of the banks’ planned privatisations.
Dentons partners are set to vote on the termination of the firm’s office in Kuwait, with the news coming alongside New York outfit Curtis Mallet-Prevost Colt & Mosle’s closure of its own short-lived base in the Middle East state.
Baker Botts is in talks to take on a large chunk of Norton Rose Fulbright’s Dubai operations amid a rift between the legacy UK and US arms of the post-merger firm’s team in the emirate.
US firm Davis Polk & Wardwell has been hit by a $1.4m (£900,000) lawsuit from a legal headhunter demanding unpaid fees for his alleged role in the hire of a two-partner Hong Kong disputes team from Clifford Chance.
Leaders at Norton Rose Fulbright are battling to avert a potential crisis in a large chunk of its Dubai operation that could lead to the entire legacy Fulbright & Jaworski arm in the emirate quitting to join a rival.
Linklaters and Kerman & Co are the big winners in the latest quarter’s rankings of law firms by number of listed clients, with the former’s FTSE 100 client count jumping by four to put it ahead of Freshfields Bruckhaus Deringer.
Lloyds Banking Group has still not informed its external advisers about the timescale for its customer-pay panel review, after partners at law firms originally expected the process to kick off earlier this year.
May was a good month for big players as Linklaters advised mega-miner Glenstrata on its first post-merger bond issue while CC and Freshfields both grabbed a piece of the £1.4bn Partnership IPO action.
Norton Rose Fulbright has outlined its intention to extend its network to African jurisdictions such as Angola, Egypt, Kenya, Mozambique and Nigeria amid the firm’s fast global expansion.
SJ Berwin is set to put its potential merger with Asia-Pacific firm King & Wood Mallesons to partners this weekend (8-9 June) for the first partnership-wide discussion on the deal since tie-up talks began.
Eversheds has seen a further exit from its partnership with equity capital markets (ECM) head Neil Matthews leaving to join Field Fisher Waterhouse (FFW).
Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May have taken key advisory roles on the IPO of state-owned Royal Mail, described as the largest UK privatisation for decades.
Travers Smith has reached a financial settlement with former trainee Katie Tantum, who last month won a high-profile pregnancy discrimination case against the firm.
Bristol firm TLT has posted a 10 per cent increase in revenue for the 2012/13 financial year to nearly £50m, with the news coming alongside the firm’s planned office opening in Manchester this summer.
Pinsent Masons has hired Bircham Dyson Bell projects partner Robbie Owen as a partner and head of its infrastructure planning and government affairs group.
Ashurst has increased junior associates’ pay levels by up to 4 per cent as part of an annual remuneration review that has seen newly-qualified (NQ) lawyers’ salary levels frozen.
Kingsley Napley and Simmons & Simmons have won new spots on the SRA’s expanded litigation and legal advice panel, but Field Fisher Waterhouse (FFW) has left the roster.
Clifford Chance has increased all of its trainee and associate pay rates in the annual review of its salaries bands, raising newly-qualified (NQ) lawyers’ remuneration to £63,500.
Field Fisher Waterhouse (FFW) has agreed a deal to move its entire London operations into one site overlooking the River Thames after originally considering two other buildings in the City.
Osborne Clarke (OC) has completed the launch of its Brussels office, hiring a two-partner team from former Belgian ally De Wolf & Partners.
Linkaters has reshuffled its international board, with four partners voted onto the senior governance body including City capital markets specialist Paul Lewis.
Information barriers - approach with caution subscription
The ‘Chinese walls’ technique is still widely used at top firms, especially on private equity deals. Did the great M&S conflict debacle of 2004 really change anything?
Why Linklaters won't go for an alliance in Canada subscription
No tie-up: Linklaters knows Canada is a different kettle of fish from SA and Oz
Norton Rose Fulbright has granted just over 25 per cent of positions on its two key governance bodies to US partners, meaning legacy Fulbright & Jaworski is almost as well represented on the management groups as the UK.
Clifford Chance, Hogan Lovells and Proskauer Rose are advising on the IPO of New York’s Empire State Building, which now looks set to go ahead after more than a year of wranglings with investors.
Taylor Wessing has reported a 7 per cent increase in global revenue for the 2012/13 financial year, with fee income rising from £212m to £228m.
Ashurst has appointed external members to its UK and Australian management boards for the first time, in a move that demonstrates the slow but increasing trend for City law firms to bring in non-executive directors to provide outside experience.
Simmons & Simmons is set to add a fourth partner to its low-cost Bristol base with the hire of Burges Salmon funds specialist Mahrie Webb.
Linklaters has confirmed the make-up of its Seoul office following its regulatory go-ahead earlier this month, with the firm transferring four Hong Kong lawyers to staff the newly-launched base.
Is SJB bulking up for a US partner with the KWM deal or is the pull of non-funds muscle enough? And what of the illustrious name?
Norton Rose has unveiled the leaders of its three main global practice groups ahead of its merger with Houston-headquartered Fulbright & Jaworski next month, with corporate and disputes both receiving new bosses.
Freshfields Bruckhaus Deringer, Kirkland & Ellis and Kaye Scholer are advising on the multi-billion debt restructuring of German real estate group IVG Immobilien, expected to be the largest such case in the country this year.
Linklaters has taken the lead role for Glencore Xstrata on its first post-merger bond issue, confirming the magic circle firm as the combined group’s primary adviser following the $64bn (£42bn) mining tie-up.
Simpson Thacher & Bartlett has snared a key Clifford Chance funds senior associate with close ties to private equity houses Apax Partners and BC Partners.
Simpson Thacher & Bartlett has taken a lead advisory role alongside Silicon Valley firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian on Yahoo!’s acquisition of blogging site Tumblr for $1.1bn in cash.
Ashurst and Slaughter and May have advised on online retail group Ocado’s delivery deal with supermarket chain Wm Morrison Supermarkets.
SJ Berwin is gearing up for a vote on a global merger with Asia-Pacific firm King & Wood Mallesons (KWM) that would see the UK outfit’s name disappear.
Freshfields leads the way on pay subscription
Firm’s merit-based remuneration system sees it top the pay league
Allen & Overy has held associate pay levels at 2012/13 rates after unveiling its first increase in trainee salaries for the first time since 2010.
Shearman & Sterling has hired a three-strong private equity team in London from Weil Gotshal & Manges including high-profile partner Mark Soundy.
Travers Smith and Ogier take further roles on planned £1.4bn float
Herbert Smith Freehills (HSF) has taken the lead role for longstanding client Severn Trent on a potential bid from a Canadian, Kuwaiti and UK consortium reportedly valuing the target at £5bn.
Morgan Lewis & Bockius Beijing co-head Ingrid Zhu-Clark is to leave the firm, becoming the first ex-Dewey & LeBoeuf partner to exit the US outfit since a team of nearly 20 partners joined from the bankrupt firm last year.
Linklaters’ policy of handing out branded umbrellas to students on campus to spread the firm’s name appears to have paid off after Coleen Rooney was pictured on the pitch after a Manchester United home match carrying a giant brolly with the magic circle outfit’s logo on it.
Dundas & Wilson is pushing to secure a London merger following a string of exits in the City and failed talks with Bircham Dyson Bell in 2011.
Henderson Global Investors’ UK in-house legal team has shrunk by nearly 30 per cent in the past year following a shift to farming out more of its lower-level work to law firms.
Aviva takes tough line in panel review subscription
A&O joins Slaughters on Aviva’s plc roster; insurer insisted on discounts
Links odds-on to get Glenstrata work subscription
Glencore dominance in super-miner sees Linklaters take pole advice position
Tech flight: April deals roundup subscription
IT was the place to be in April, with Shearman involved in the sale of the ‘Chinese Twitter’ and Hogan Lovells in on the biggest corporate bond offering the world has ever seen, at Apple
Freshfields Bruckhaus Deringer has frozen its associate pay rates following the introduction of a merit-based system, with trainee salaries kept static for the fifth year running.
Linklaters Washington DC tax partner Joseph Pari has left for KPMG, roughly a year after moving to the magic circle firm ahead of the collapse of Dewey & LeBoeuf.
Barclays deputy general counsel Michael Shaw is understood to be leading the race to replace Mark Harding as the bank’s legal chief.
Nokia Siemens Networks (NSN) has appointed Tetra Pak general counsel Maria Varsellona as its new legal chief following the exit of Joyce Norcini from the Finnish telecoms group.
Freshfields Bruckhaus Deringer London chief and high-profile Red Knight Mark Rawlinson has praised outgoing Manchester United manager Alex Ferguson as a “spiritual heir to Matt Busby” who “hates losing but uses adversity as a fuel”.
Linklaters has added two partners to its nascent Washington DC office with the hire of Bingham McCutchen tax duo David Brockway and Jasper Howard.
Stephenson Harwood has become the first UK law firm to enter the Myanmar market after striking an association deal with local firm U Tin Yu & Associates.
A group of Fulbright & Jaworski partners in London have negotiated a reverse lock-in that ringfences them against Norton Rose’s UK business for two years from the firms’ merger next month, The Lawyer has learnt.
Bird & Bird has hired two franchising partners from Field Fisher Waterhouse (FFW) following the recruitment of high-profile IP and IT head Mark Abell.
Ashurst has moved six partners down from its so-called super-plateau, marking the first time that the firm has removed members from the 65-point level since it was introduced in 2007.
Iglo Group general counsel Anthony Barratt is set to leave the Birds Eye owner later this year as the private equity-owned business kicks off a search for a replacement.
Payne Hicks Beach (PHB) has hired Dundas & Wilson partner Carl Asser as part of the Lincoln’s Inn firm’s construction push follow its practice launch earlier this year.
Game of lockstep and ladders subscription
Senior Ashurst staff have good reasons to want integration roles
IT malfunction subscription
Operational functions are returning in-house in what could be a sea change
Glencore GC appointed as Xstrata merger goes live subscription
Glencore Xstrata has appointed Glencore general counsel Richard Marshall as its overall legal chief following the $64bn merger that created the mining giant.
Osborne Clarke (OC) has made up three lawyers to partner from yesterday (2 May) including two in Bristol and one in London in its first UK partner promotions round for two years.
RBS kicks off Emea panel review ahead of July start subscription
The Royal Bank of Scotland (RBS) is carrying out a review of its Emea legal panel that will see it unveil a new roster for the region from 1 July.
Ashurst German corporate head Lutz Englisch is set to join US firm Gibson Dunn & Crutcher in Munich.
Osborne Clarke (OC) has confirmed one redundancy following its major move away from outsourcer Integreon, which has resulted in 80 staff members returning to the firm.
The Pension Protection Fund (PPF) is gearing up to unveil its new-look legal panel following a delayed process to shrink its 27-firm roster.
DAC Beachcroft has made up five lawyers to partner after promoting the same number last year.
Health and social care specialist Capsticks has promoted two lawyers to the partnership in its Birmingham office.
Hogan Lovells and Simpson Thacher & Bartlett have advised on Apple’s $17bn (£10.9bn) bond issue, described as the largest corporate bond offering in history.
Stephenson Harwood has made up four lawyers to partner from today (1 May), with the promotions coming alongside its seventh partner hire from Dentons in two years.
Stephenson Harwood has launched in Beijing and set up an exclusive association in Singapore in a double move to boost its Asian presence.
Burges Salmon has promoted three lawyers to partner in its Bristol headquarters from 1 May including two with an energy and environment emphasis.
Baker & McKenzie, Clifford Chance and Osborne Clarke (OC) have advised on Best Buy’s £471m exit from Europe
Osborne Clarke (OC) has swelled its UK partnership headcount to 100 after signing up its eighth City partner this year in the shape of Speechly Bircham restructuring specialist Keith Bordell.
SJ Berwin has paid out partners’ profit distributions in full after holding back February earnings due to a sizeable tax bill.
Liverpool firm Hill Dickinson is kicking off a business review that could lead to job cuts in a move blamed on the tough economic climate.
Lawrence Graham (LG) has promoted three lawyers to partner from 1 May after making up four last year.
Financial mis-selling claims specialist All Square Treasury has appointed Optima Legal non-standard debt litigation head Melanie Dickinson Denby as legal director.
Ashurst has appointed its first CFO with the selection of Allen & Overy (A&O) London CFO Brian Dunlop to replace longstanding financial director Nigel Morland.
Linklaters has made up 24 lawyers to partner in this year’s promotions round, including six in London.
Allen & Overy (A&O) threw away more money invested on trainees than any other top 20 UK firm, according to research by The Lawyer that shows that trainee attrition last year cost magic circle outfits more than £10m between them.
Amey is considering introducing a formal legal panel within a year following the infrastructure support group’s merger with rival Enterprise.
Taylor Wessing has made up just one London associate to partner in a 16-strong annual promotions round, with the news coming alongside Mills & Reeve’s addition of six new partners ahead of its merger with George Davies.
Baker & McKenzie has introduced a target of 30 per cent female equity partners as part of a push to increase women’s involvement at the firm’s highest levels.
The Federation Against Copyright Theft (Fact) is gearing up to unveil its first-ever general counsel, whose appointment is expected to be announced in the coming week.
US firms Fried Frank Harris Shriver & Jacobson and Proskauer Rose have advised on a duo of funds amassing close to £4bn that indicate the mixed success of private equity houses’ fundraising efforts.
A former Cobbetts partner reportedly owed £365,000 by the failed firm has been appointed to the defunct Manchester outfit’s creditors’ committee.
Field Fisher Waterhouse (FFW) and 4 New Square have taken headline roles in relation to allegations of racehorse doping by Godolphin trainer Mahmood Al Zarooni.
Freshfields Bruckhaus Deringer has won the lead role acting for Betfair in relation to a £910m takeover bid from private equity group CVC Capital Partners.
Mills & Reeve is set to merge with Manchester firm George Davies on 1 June after their respective partnerships voted in favour of a tie-up yesterday afternoon (23 April).
Norton Rose has made up 33 lawyers to partner in its annual promotions round, including five in London.
Former Dewey & LeBoeuf chairman Steve Davis is set to pay $511,145 (£335,000) to the defunct firm’s liquidation trust to resolve claims against him in relation to the US outfit’s dramatic collapse last year.
Ashurst has made up 12 lawyers to partner from 1 May in its annual promotions round, with seven sitting in the London headquarters.
Ropes & Gray has added to its London and Hong Kong offerings with a double partner hire from Fried Frank Harris Shriver & Jacobson covering finance, capital markets and corporate.
Latham, Linklaters and Joelson Wilson have advised on Carlyle Group’s purchase of London minicab group Addison Lee, a deal reported to be worth £300m.
A boost for Freshfields in Germany? subscription
Mettenheimer’s fancy new job could see Freshfields grab more work in Germany
After a testing time with CVC, Clifford Chance now seems poised to lose Carlyle. David Walker’s departure means young guns must step up if the team is to stay strong
Freshfields and Hengeler have taken lead roles on CVC Capital Partners’ €3.1bn acquisition of energy metering group Ista from private equity rival Charterhouse.
SJ Berwin has promoted five lawyers to partner including two in its London headquarters.
Network Rail has cut its core legal panel from 12 firms to five following a review that has seen Dentons win a new spot on the roster.
Freshfields Bruckhaus Deringer has made a rare lateral hire in London with the addition of Shearman & Sterling finance partner Tim Pick.
Former Nabarro senior partner Simon Johnston has joined designer outlet manager McArthurGlen as deputy chair after standing down from his leadership role last year.
Former Freshfields Bruckhaus Deringer senior partner Konstantin Mettenheimer is set to join asset manager Edmond de Rothschild Group this summer as its Germany chairman.
The world’s largest bank by market capitalisation, Industrial and Commercial Bank of China (ICBC), is overhauling its European legal panel and has sent out pitch invitations to a broad range of firms.
How to tell who's boss after a merger subscription
‘Merged’ firms’ board make-up and partner status show who really took over who
Last week’s news that Clifford Chance global head of private equity David Walker is leaving to join Latham & Watkins in London marks yet another major departure from the magic circle firm’s practice, following six previous key partner exits from the firm’s funds, tax or buyouts teams since 2009.
Clifford Chance finance partner Claude Brown is set to join Reed Smith in the latest boost to the US firm’s structured products and derivatives practice in London.
Dundas & Wilson has seen another partner exit the firm with City corporate specialist Julian Mathews joining Wedlake Bell as part of double hire for the London firm.
Field Fisher Waterhouse (FFW) senior partner Matthew Lohn and Old Square Chambers’ Jennifer Eady QC have been appointed to the Pensions Regulator’s determinations panel.
Camerons is to introduce a revamped partner pay system that will see junior partners make equity faster but be put under more scrutiny once on the lockstep.
Pinsent Masons is set to make roughly 13 lawyers redundant in its employment practice in its third round of layoffs since merging with Scottish firm McGrigors last year.
Vehicle incident management group FMG has become the latest business to launch an ABS in a bid to offer legal services.
CMS Cameron McKenna is to move into City site Cannon Place, with the news coming just over a year after it turned down a relocation to a new-build skyscraper on the fringe of London’s financial centre.
Thomas Eggar is set to merge with 40-lawyer London firm Pritchard Englefield, boosting its revenue by 17 per cent to roughly £42m and doubling the size of its City base.
Mishcon de Reya has beefed up its private equity practice with the hire of Dundas & Wilson partner duo Simon Sale and Nadim Meer.
Clifford Chance global private equity head David Walker is set to join Latham & Watkins in a major hire for the US firm’s London office.
Dentons and Linklaters have led the advice on the sale of HMV to Hilco UK, which was confirmed three months after the retailer went into administration.
Ashurst, CMS Cameron McKenna and Norton Rose have advised on the £260m IPO of closed-ended infrastructure fund Greencoat UK Wind.
Macfarlanes has announced the promotion of four lawyers to partner, including two in its corporate practice.
Bird & Bird has added 11 lawyers to its partnership including one in London in its annual promotions round.
The administrators of Manchester firm Donns have extended the administration period by six months to ensure there is time to pay dividends to creditors.
Fees tight on law firm administrations subscription
Law firms don’t get rich advising on the demise of other law firms
Inn business subscription
Insolvencies ruled the roost at the turn of the year, but now deals work is emerging from casualties. March saw the sale of Malmaison and Hotel du Vin, Dreams and Blockbuster’s UK stores.
Eversheds and Osborne Clarke (OC) have taken the lead UK roles on networking giant Cisco’s $310m (£205m) acquisition of Swindon-based technology group Ubiquisys.
Cobbetts’ administrators are set to work with the SRA to assist a potential investigation into the conduct of the failed firm’s partners, a report by KPMG reveals.
Insurer Ageas launches ABS with Cardiff's NewLaw subscription
Insurance group Ageas UK has become one of the first insurers to set up an ABS to provide legal advice.
A female partner in Linklaters’ employment practice has endorsed quotas for women on executive boards
FFW leads on fresh Hillsborough inquest subscription
Field Fisher Waterhouse (FFW) public law partner Martin Smith has been hired to advise on the fresh inquest into deaths of the 96 victims of the 1989 Hillsborough disaster.
Field Fisher Waterhouse (FFW) made up six lawyers to partner, with four of the promotions coming in its London headquarters.
Shoosmiths has made up six lawyers to partner in its annual promotions round, covering employment, litigation, corporate, regulatory and real estate.
Bird & Bird has re-elected CEO David Kerr and chairman Michael Frie for a further three years.
Senior Herbert Smith Freehills (HSF) litigator Ted Greeno has joined the ranks of partners leaving the firm’s disputes practice by resigning to join US outfit Quinn Emanuel Urquhart & Sullivan.
Man Group head of legal Jasveer Singh has been appointed as the FTSE250 group’s general counsel following the exit of former Clifford Chance partner Stephen Ross.
Osborne Clarke (OC) is to scale back use of Integreon by transferring most of its support services back into the firm in a move that could put a small number of jobs at risk.
Ashurst is considering sending more partners to its Australian offices for rolling periods of up to six months.
BLP creates international business partner role subscription
So what does BLP’s new ‘international business partner’ do?
Firms find most fertile hunting ground in AIM subscription
There’s been some client jostling in the FTSE 100 and 250 markets but firms have hooked more clients in the alternative index, show the latest quarterly adviser rankings
Speechlys and Withers in talks over £170m merger subscription
Speechly Bircham and Withers are in merger talks in a bid to create a £170m City firm of roughly 500 lawyers.
Royal Dutch Shell is set to scrap its global legal panel in favour of individual relationships with firms in different countries.
Field Fisher Waterhouse (FFW) finance team head Alan Hodgson is leaving the firm to join Ince & Co amid a rejig within the latter’s senior business team.
Slaughter and May has made up two associates to partner in this year’s promotions round, with two London lawyers making the cut.
Barclays GC pockets £3.6m bonus as retirement nears subscription
Barclays general counsel Mark Harding cashed in shares worth over £3.6m in what is expected to be his final bonus payout before retiring from the bank.
Berwin Leighton Paisner (BLP) has confirmed David Collins as the firm’s new head of corporate following the appointment of incumbent John Bennett as international business partner.
Ashurst and SNR Denton took lead roles on the sale of Malmaison and Hotel du Vin to a US private equity group.
Freshfields Bruckhaus Deringer is set to amalgamate its IP and IT practice into its corporate and disputes groups.
Longstanding Berwin Leighton Paisner (BLP) corporate head John Bennett is to step down from the role and take on a newly-created position overseeing the firm’s international expansion.
Slaughter and May has extended its lead at the top of the FTSE 250 client rankings for the first quarter of 2013 in a market that has seen little change at the top end.
Clifford Chance has won a trophy mandate to represent the organisational body of the 2022 World Cup in Qatar, almost two years after opening an office in the emirate.
CMS and Herbies share nearly £1.5m in fees from a £203m energy takeover that saw two law firms put up Chinese walls to prevent potential conflicts.
Clifford Chance hopefuls line up subscription
It’s London vs Paris as Bickerton and Wehrli are early favourites for the top job at CC
Field Fisher Waterhouse (FFW) has confirmed it has delayed its latest quarterly payout to partners due to the firm’s “conservative” financial approach.
AIG is considering a reverse auction for law firms pitching to win places on part of its legal panel amid a review of its Emea advisers.
The selection of Cardinal Jorge Bergoglio as Pope has placed the spotlight on a German lawyer appointed last month to head the embattled Vatican Bank.
Clifford Chance has recruited Norton Rose disputes partner Dorian Drew, who acted for former Barclays CEO Bob Diamond in relation to the Libor scandal.
US firm Locke Lord has grown its Hong Kong offering by sealing an association with Cheung & Lee, a local firm formed earlier this year by lawyers from Gide Loyrette Nouel, K&L Gates, Stephenson Harwood and Winston & Strawn.
Dundas seals hire of 12-strong Semple Fraser team subscription
Dundas & Wilson has confirmed the hire of 12 lawyers from collapsed firm Semple Fraser, with five joining as consultants.
Dundas exits continue as two partners quit firm subscription
Dundas & Wilson has received resignations from a further two partners including former managing partner candidate Colin Massie.
Macfarlanes is to reposition its practice by increasing the firm’s focus on advisory work, disputes and investigations, after being over-exposed to the deal market during the downturn.
Former Ashurst senior partner Geoffrey Green is to retire after 34 years and return to London to work with the firm on integration with legacy Australian firm Blake Dawson.
CC gets it together in Saudi Arabia subscription
Trailblazer firm tests mixed partnership water in the desert kingdom
Freshfields Bruckhaus Deringer corporate star Mark Rawlinson has been brought in to advise the London Stock Exchange (LSE) on its revised €536m (£463m) offer for a controlling stake in clearing house LCH.Clearnet.
Big product names are in the frame again in our regular round-up of the deals and legal personalities of the month, including the sales of Dell and baked bean superstar Heinz
Ashurst’s partner conference in Paris took a surprise turn last week when a German partner made an impromptu speech comically maligning the firm’s leadership.
CMS and FFW battle it out for City office space subscription
CMS Cameron McKenna and Field Fisher Waterhouse (FFW) are both vying for office space in City site Cannon Place as the two firms continue in their plans to move buildings.
RPC boosts corporate group with SJ Berwin hire subscription
RPC has made a further addition to its corporate practice with the hire of SJ Berwin partner Anthony Shatz.
Addleshaws and Nabarro call off merger talks subscription
Addleshaw Goddard and Nabarro have called off merger talks after entering early-stage negotiations over a £280m tie-up.
Irwin Mitchell has signed up former DLA Piper Birmingham managing partner Chris Rawstron as head of its business legal services team in the city.
Clifford Chance is to establish a mixed local and foreign lawyer partnership in Saudi Arabia by transferring longstanding co-operation firm Al-Jadaan’s two-partner transactional practice into the magic circle firm.
Baker & McKenzie has held high-level merger talks with leading United Arab Emirates law firm Habib Al Mulla & Co.
LG partner joins Abu Dhabi Investment Authority subscription
Former Lawrence Graham (LG) technology partner Peter Brudenall has joined the Abu Dhabi Investment Authority (ADIA) in its in-house legal team.
Coller Capital expands with Slaughter and May hire subscription
Private equity group Coller Capital has added a fourth in-house lawyer with the hire of Slaughter and May associate Giles Lawson.
Berwin Leighton Paisner (BLP) and Morton Fraser have won new spots on Heathrow Airport Holdings’ legal panel following a review by the company formerly known as BAA.
Norton Rose has warned selected partners to improve their performance or risk being asked to leave or be moved down the lockstep.
SJ Berwin is consulting with partners about the firm’s capital structure in a process that could lead to it altering its capital requirements from members.
British Land takes first steps towards legal panel subscription
FTSE 100 property giant warms to more formal way of instructing firms
Mayer Brown and SJ Berwin have advised on a Chinese property developer’s £152m acquisition of Stephenson Harwood’s offices from Invesco Real Estate.
Osborne Clarke moves HQ to London subscription
After 25 years Bristol-born Osborne Clarke calls London office home
Linklaters is set to lose three partners, a consultant and an associate from its Paris capital markets team to US firm White & Case.
RPC has become the latest firm to win a mandate amid the recent spate of UK high-street casualties after being appointed by Sports Direct to advise on its purchase of Republic.
Dewey administrators seal deal to pay UK creditors subscription
Firm’s UK administrators strike a deal with defunct firm’s US LLP to keep back some London and Paris partners’ clawbacks for creditors of the UK LLP.
Nabarro, Stephenson Harwood and Weil Gotshal & Manges have taken key advisory roles on the sale of healthcare group UK Specialist Hospitals (UKSH) to Care UK.
US firm Locke Lord has taken a role advising the group tasked with preparing Republic for a sale after the clothing chain went into administration earlier this month.
Listed Australian firm Slater & Gordon has announced a 46.5 per cent increase in its half-year revenue following its takeover of Russell Jones & Walker (RJW) last year.
Osborne Clarke (OC) has hired former Eversheds UK corporate head Mark Spinner in a move that gifts the Bristol-headquartered firm its 50th London partner.
North West firm Marsden Rawsthorn has been acquired by its partners in a management buyout (MBO) after going into administration.
Amazon prepares ground for first formal Europe panel subscription
Amazon is carrying out an overhaul of its external legal advisers in Europe that will see it launch a formal panel in the region for the first time.
Firms on tenterhooks over Lloyds panel revamp subscription
Lloyds Banking Group has delayed the review of its customer-pay panel, with law firms left in the dark over the timescale for the process.
HSF on board in new FFW partner row subscription
Here we go again at FFW, as HSF is drafted in to sort out yet another partner row
LLP analysis: top firms' figures laid bare subscription
The LLPs lay out the state of the market in black and white. It’s not always pretty reading
Salans, SNR Denton and Canada’s Fraser Milner Casgrain (FMC) have confirmed 28 March as the launch date for their triple merger.
Former Linklaters US head Larry Byrne has left the firm to join Pepper Hamilton alongside a five-person disputes team from the magic circle firm’s New York office.
Clifford Chance names new managing partner for Spain subscription
Clifford Chance has announced corporate specialist Jaime Velázquez as managing partner of its Spanish offices following a vote, succeeding longstanding country chief Ignacio Ojanguren.
Firm sends senior figures to Australia to seek a combination with a local firm as it aims to become the latest foreign outfit to enter the market.
Ex-Dewey partner sues Barclays over capital loan subscription
A former Dewey & LeBoeuf partner is suing Barclays for allegedly inducing him to enter into a $540,000 loan agreement.
Abell brings in Herbies as FFW dispute escalates subscription
Ex-Field Fisher Waterhouse (FFW) IP and IT head Mark Abell has hired Herbert Smith Freehills (HSF) in a partnership dispute with his former firm.
Herbies and Hogan Lovells win first-time spots on Land Securities’ legal panel following a review of the £20m advisory roster.
Real estate teams lead on supermarket chain’s acquisition of 49 stores from administrators
Travers' new boss to focus on London subscription
Chris Hale to shore up London HQ as Travers Smith senior partner
Former Travers trainee claims firm discriminated against her by not granting her a permanent job because she was pregnant.
Norton Rose has appointed Sydney partner Adrian Ahern as global chairman, with the corporate partner replacing Canada-based Norman Steinberg.
Firm moots adding natural resources to current roster of five industry groups.
Stephenson Harwood has launched a Paris disputes practice following the termination of its longstanding association with former touted merger suitor BCTG & Associés.
K&L Gates hires Fulbright partner for Houston launch subscription
K&L Gates has launched in Houston with the hire of Fulbright & Jaworski securities head Charles Strauss ahead of the latter’s merger with Norton Rose.
Field Fisher looks to downsize into single City site subscription
FFW is considering moving into premises at 10 Aldermanbury off London Wall as the clock ticks on the lease for its current City headquarters.
OC turns to Wragges for latest City hire subscription
Osborne Clarke (OC) has added another London partner with the hire of Wragge & Co litigator Tom Ellis.
Goodwin Procter adds Travers Smith partner Paul Lyons to its growing London office.
Ashurst to restart paying partner distributions subscription
Ashurst will pay distributions to partners this quarter after holding back profits in the last quarter.
Senior Barclays in-house lawyers have emerged as the frontrunners for the bank’s general counsel job.
Ashurst ends pay freeze subscription
Management aims to complete profit payouts within a year of the financial year-end
Eurostar GC: Track record subscription
In his short time as Eurostar’s GC, Scott Marshall has steered the company through a panel rationalisation and a High Court defence case
Insolvency mandate analysis: Unhappy snaps subscription
In the first of our regular round-ups of the deals and legal personalities of the month just passed, casualties of the credit crunch were to the fore, including Jessops
Safety first for Barclays' quest subscription
Bank tipped to replace GC Mark Harding with internal candidate after Libor scandal
OC turns to Stephenson Harwood for City partner hire subscription
OC has recruited Stephenson Harwood commercial and outsourcing partner John Buyers in the latest hire into its City base.
Senior Herbert Smith Freehills (HSF) litigation partner Simon Bushell is set to join the London office of US firm Latham & Watkins in the latest exit from the firm.
Firm’s net debt increased by more than 350 per cent to £3.3m in the 2011/12 financial year, LLP accounts show.
Travers Smith elects Hale as new senior partner subscription
Travers Smith has chosen corporate head Chris Hale as its new senior partner, replacing Chris Carroll who stands down this year.
Fried Frank and Shearman join host of firms advising on the $23.3bn (£14.9bn) takeover of Virgin Media.
Debevoise & Plimpton, Hogan Lovells, Simpson Thacher & Bartlett and Wachtell Lipton Rosen & Katz have taken advisory roles on the $24.4bn (£15.5bn) leveraged buyout (LBO) of Dell, reported to be the biggest take-private since the financial crisis.
Freshfields and Herbies advise on the £164.5m takeover of Sutton & East Surrey Water by Japan’s Sumitomo Corporation.
Field Fisher Waterhouse (FFW) has announced a new leadership structure that will see acting chief Michael Chissick take on the managing partner role in full.
Private equity house HgCapital has appointed former Clifford Chance senior associate Andrew Jessop as its general counsel in a move that sees former legal chief Alison Hampton move to a compliance role.
Travers Smith has unveiled a 1.5 per cent increase in its half-year revenues for the first six months of the 2012/13 financial year.
Ashurst’s Australia managing partner John Carrington has maintained that the firm’s partner headcount will not change “in any substantial way” as he deflects reports of a major partnership cull in the jurisdiction.
Gateley is set to join media specialists Sheridans and Wiggin as new members of BT’s UK legal panel.
Senior lawyers at other regional firms have suggested that a lack of clear strategy and failure to capitalise on rapid growth in 2003 and 2004 may have contributed to Cobbetts’ financial difficulties.
Olswang has placed six jobs at risk of redundancy following an internal review that prompted the firm to carry out “structural changes” in its finance and employment practice groups.
Former Ashurst Madrid corporate chief and longstanding partner Jesús Almoguera is set to leave the firm after standing down from the practice head position late last year.
Linklaters boosts litigation with Herbert Smith hire subscription
Linklaters has made its second financial regulatory hire from Herbert Smith Freehills (HSF) in less than six months with the recruitment of partner Nikunj Kiri.
Pump Court Chambers barrister Ruth Arlow has been appointed as the first female chancellor of the diocese of Norwich.
Addleshaw Goddard, Ashurst and Nabarro will share the bulk of up to £6.85m in legal fees for their advice on the joint takeover bid for online betting outfit Sportingbet by William Hill and GVC Holdings, official filings have disclosed.
Ladbrokes GC lays down the law to panel firms subscription
Spurs fan Ladbrokes GC tackles panel firms where it hurts
Ashurst raised more than £500,000 by selling off company cars during the 2011/12 financial year after only a small number of partners opted into a car scheme.
SJ Berwin’s net debt rose by 321 per cent between 2010/11 and 2011/12 on the back of a large tax bill caused by rising profitability.
Osborne Clarke has announced five partner promotions for its international offices, with the majority coming from its recently merged Spanish and Italian offices.
FSCS adds former A&O and Aegon lawyers to board subscription
Former Allen & Overy (A&O) partner Charles McKenna and former Aegon UK general counsel Marian Glen have been unveiled as new non-executive directors on the board of the Financial Services Compensation Scheme (FSCS).
Ladbrokes has slashed its legal panel from around 50 firms to 22 after carrying out a major review that has also seen the FTSE 250 company appoint a non-lawyer to oversee panel relationships and call for firms to end hourly billing by January 2015.
Ashurst is sounding out partners on a US merger amid attempts by the firm’s management to get buy-in for the idea of a Stateside tie-up.
Salans partners in London are being asked to contribute 50 per cent of their previous year’s remuneration as capital when the firm merges with SNR Denton and Canada’s Fraser Milner Casgrain in the coming months.
Slaughter and May has taken a lead advisory role alongside US firms Davis Polk & Wardwell and Willkie Farr & Gallagher and Benelux outfit De Brauw Blackstone Westbroek on UK insurer Aviva’s disposal of its remaining stake in Dutch rival Delta Lloyd.
Five rules of the insolvency game subscription
As the high street suffers, lawyers pick up mandates from administrators
Norton Rose is considering offloading its Middle East offices to the legacy Fulbright & Jaworski arm of the firm when the UK and US outfits merge on 1 June.
Freshfields names new real estate chief as group absorbs part of closing leisure practice subscription
Freshfields Bruckhaus Deringer has shut its leisure sector group and merged its subsidiary parts into real estate and TMT.
Slaughter and May is abandoning its rigid associate lockstep to put more emphasis on performance when determining its most senior legal employees’ pay.
Soon-to-be merged Dentons is set to delay indefinitely the integration of partners into geographically defined profit pools following the union of Salans, SNR Denton and Fraser Milner Casgrain (FMC).
CMS Cameron McKenna has been instructed to advise the administrators of DVD and video rental chain Blockbuster’s UK arm, which today became the fourth British high-street casualty in two months and the second in a week.
Morrison & Foerster (MoFo) has taken a role advising a group of creditors on the administration of HMV, as reports surface suggesting the music retailer could still be rescued by a buyer.
Houston-based Bracewell & Giuliani has moved to expand its London office with the hire of two energy lawyers including Simmons & Simmons partner Julian Nichol.
Addleshaw Goddard’s launch of an Oman office has been overshadowed by allegations from the former firm of the two partners it is hiring that the duo breached their partnership agreements.
Siemens has given new panel places to Eversheds and Osborne Clarke as the engineering and technology group completes a major slimming-down of its UK legal roster.
Barclays has delayed its panel review planned for this summer by 12 months as the banking giant embarks on a plan to scrap its practice of reassessing law firm rosters on a two-yearly basis.
Dickson Minto is set to receive a bonus of more than £1m from client AG Barr when the drinks company’s merger with Britvic completes after the firm agreed a conditional fee for its advice on the deal.
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Our latest in-depth analysis of UK M&A legal bills reveals a good performance by smaller firms and success fees on the rise
Royal Dutch Shell is reviewing its global legal panel for the first time in three years.
Ashurst and SNR Denton have been appointed to advise on the administration of camera seller Jessops.
Dewey's US LLP seeks to recover £36.7m from UK arm subscription
Dewey & LeBoeuf’s UK arm has been hit by a £36.7m claim from the firm’s US LLP, as the latest report filed by administrators reveals more than £40m sought by unsecured creditors.
Taylor Wessing German restructuring head Matthias Kampshoff is set to join US firm McDermott Will & Emery in its Düsseldorf office.
Freshfields' trip subscription
Latest M&A data puts Freshfields ahead of Linklaters on the global stage
Advisers working on the US bankruptcy of Dewey & LeBoeuf have racked up fees of more than $14m (£8.6m), according to new filings.
SJ Berwin has appointed former Dechert London managing partner Steven Fogel as a non-executive director on its partnership board.
RPC victorious in bid to advise Ofcom on 4G auction subscription
RPC has won a three-way pitch to advise Ofcom on the bidding process for the auction of 4G mobile broadband bandwidth.
SJ Berwin has launched an office in Luxembourg with a double partner hire from local firms in the jurisdiction.
The Government is set to roll out a legal apprenticeship scheme in conjunction with BPP Law School from next year, enabling budding lawyers to qualify as solicitors without going to university.
Gibson Dunn advises UBS on Libor settlements subscription
US firm Gibson Dunn & Crutcher has advised UBS on settlements with UK, US and Swiss regulators totalling SFr1.4bn (£940m) concerning allegations that figures at the bank manipulated the key Libor interest rate.
Documents published by Deloitte have revealed that five law firms were instructed to advise the administrators of high-street electricals chain Comet, with legal fees since the company filed for administration on 2 November hitting £100,000.
Leaders at Dewey & LeBoeuf have been sued by UK insurance group Aviva in connection with a bond issued by the now-defunct US firm in 2010.
A handful of sports fans attempting to vote by mobile phone for their choice of BBC Sports Personality of the Year on Sunday night (16 December) were surprised to find that their calls were directed to Clifford Chance.
Linklaters has held onto its position as the most prolific adviser on UK M&A, as annual deals data for 2012 shows US firms stealing a march on their City competitors.
Bond Pearce has announced the hire of four oil and gas partners in Aberdeen from Scottish firm Maclay Murray & Spens as it prepares for its merger with Dickinson Dees.
Clifford Chance has been instructed by Autonomy founder Mike Lynch amid allegations of accounting irregularities prior to the UK software group’s takeover by Hewlett-Packard (HP) last year.
Allen & Overy (A&O), Berwin Leighton Paisner (BLP), Kirkland & Ellis and Linklaters have secured a deal to end the long-running debt restructuring of European Directories that sees private equity group Triton take control of the company.
Ashurst has made an undisclosed number of job cuts in Australia as it reacts to market conditions in the country.
Barclays is set to undergo a minor restructuring of its in-house legal team following the appointment of former FSA CEO Hector Sants as head of the bank’s compliance function.
Freshfields Bruckhaus Deringer has scored a key appointment from HSBC to advise the banking giant on its record $1.921bn (£1.19bn) fine from the US authorities over its failure to comply with money laundering and sanctions laws.
Clifford Chance has reversed a decision to delay its announcement of newly qualified (NQ) lawyer appointments until January after concern from trainees forced management into a U-turn.
Weil bills £15m on MF Global administration subscription
Legal fees incurred by the administrators of the UK arm of global broker MF Global have breached the £18m mark, with US firm Weil Gotshal & Manges taking the bulk by billing over £15m.
Linklaters has ended its cooperation agreement with Brazil’s Lefosse Advogados in response to the Brazilian bar’s decision to uphold rules preventing foreign firms from practising local law.
Weil Gotshal & Manges has made another high-profile City hire with the recruitment of Freshfields Bruckhaus Deringer high-yield head Gil Strauss.
Linklaters’ new South African alliance partner Webber Wentzel is set to incorporate the Linklaters name into its own and take on the UK firm’s branding, it has emerged.
Stephenson Harwood has clinched the hire of Lawrence Graham (LG) energy and natural resources head Tom Nicholls in a boost for its City corporate practice.
Bond Pearce prepares for vote on Dickie Dees merger subscription
Bond Pearce partners are set to vote tomorrow (7 December) on a planned merger with Dickinson Dees, nearly three months after the two firms announced they were in talks over a combination.
SJ Berwin has moved to bulk up its contentious competition practice with the hire of Ofcom head of legal Sarah Turnbull and Berwin Leighton Paisner (BLP) partner Elaine Whiteford.
RPC is set to bulk up its corporate practice with the hire of a three-partner City team from Wragge & Co including former managing partner Richard Haywood and current corporate chief Maurice Dwyer.
Hogan Lovells and Linklaters have leveraged relationships with Barclays and Graff Diamonds respectively to advise on a $450m (£280m) refinancing deal that pumps funds into the London jeweller following its pulled IPO earlier this year.
Herbert Smith Freehills (HSF) is set to expand its Belfast-based legal support unit to include corporate due diligence and real estate work.
Herbert Smith Freehills (HSF) and US firm Skadden Arps Slate Meagher & Flom were among the lead advisers on a deal that sees Chelsea FC owner Roman Abramovich’s investment company acquire a stake in Russian metal producer Norilsk Nickel.
Clifford Chance to slash 2015 trainee intake subscription
Clifford Chance has confirmed that it will be cutting its trainee intake for 2015 from up to 120 to a maximum of 100.
Norton Rose enlists PwC GC as senior adviser subscription
Norton Rose is to bring in longstanding PricewaterhouseCoopers (PwC) general counsel Owen Jonathan in the role of senior adviser to the global executive committee.
Linklaters has agreed an exclusive alliance with South African law firm Webber Wentzel, with the deal set to go live early next year.
Canadian firm Gowlings has made a double hire in its London restructuring team, with the move including the recruitment of former Osborne Clarke practice co-head David Wright.
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The argument that currency fluctuations affect revenue figures is pretty thin
Local links subscription
Opening in Washington DC suits some Linklaters partners surprisingly well
Bakers expected to win spot on new-look EDF panel subscription
EDF Energy is set to appoint a raft of firms including Baker & McKenzie, Eversheds and Herbert Smith Freehills to a revamped legal panel expected to be finalised in the coming weeks.
Mediation between former Halliwells partners and the failed firm’s liquidators has been adjourned after proceedings kicked off in April this year.
Clifford Chance adds Italy head to management team subscription
Clifford Chance Italy managing partner Charles Adams has been elected to the firm’s management committee for a four-year term starting on 1 January 2013.
Partners at Salans, SNR Denton and Canadian firm Fraser Milner Casgrain (FMC) have ratified the firms’ three-way merger in votes taking place today.
Freshfields Bruckhaus Deringer and Linklaters have taken prized mandates on Siemens’ £1.7bn acquisition of UK engineering group Invensys’s rail division.
First-half revenue flat at Stephenson Harwood subscription
Stephenson Harwood has announced flat revenues for the first half of the 2012/13 financial year, with income unchanged at £51.4m.
Linklaters has reopened in Washington DC, 10 years after shutting its representative base in the US capital.
Clifford Chance has added its name to the growing roster of advisers on Russian mobile phone group MegaFon’s London IPO, winning a mandate from BNY Mellon in its role as depository bank.
Salans, SNR Denton and Canada’s Fraser Milner Casgrain (FMC) are gearing up to approve the firms’ three-way merger today in a process that sees Salans partners forced to announce how they vote to their colleagues.
Network Rail has invited 20 firms including Clifford Chance, Eversheds and Simmons & Simmons to pitch for its external legal panel as the transport infrastructure group’s new general counsel prepares to review its roster of advisers.
Slaughter and May has elected disputes head Richard Clark as its new executive partner from 1 May next year, replacing incumbent Graham White.
DLA Piper and Freshfields Bruckhaus Deringer are set to share an estimated £775,000 in legal fees after winning advisory roles on British Telecommunications’ (BT) acquisition of IT services company Tikit.
Macfarlanes has made a rare lateral partner hire by re-recruiting Speechly Bircham international tax and wealth structuring head Charles Gothard.
Ashurst partners will not receive distributions this quarter after the firm decided to defer profit payments.
Norton Rose risks alienating US buddies after merger subscription
The Houston lift-off for Norton Rose Fulbright will create a huge firm on paper, but some worry about the effect on transatlantic referrals
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As firms’ focus moves to Dubai, Simmons says Abu Dhabi base is secure
Ashurst reveals 6 per cent H1 revenue slump subscription
Ashurst has announced a 6 per cent like-for-like drop in revenues for the first half of the 2012/13 financial year, with total half-year billings standing at £145m.
Kaye Scholer is set to launch a London structured finance practice early next year with the hire of Freshfields Bruckhaus Deringer partner Stuart Axford.
King & Spalding is set to add to its Middle East capability with the hire of Simmons & Simmons regional disputes and construction head Adrian Cole.
Freshfields Bruckhaus Deringer, Morrison & Foerster (MoFo), Norton Rose and Olswang have advised as the Daily Mail and General Trust (DMGT) sells its regional newspaper arm Northcliffe Media to a consortium led by former Mirror Group CEO David Montgomery.
Ashurst, Freshfields Bruckhaus Deringer and SJ Berwin were among the advisers on the acquisition of residential property company Annington Homes by Guy Hands’ private equity group Terra Firma.
Norton Rose CEO Peter Martyr has brushed off claims that next year’s merger with Fulbright & Jaworski will jeopardise the firm’s referral relationships with other US outfits, as concerns emerge among parts of the UK-headquartered firm that the tie-up could have a negative effect on some partners’ practices.
Allen & Overy posts revenue dip in first half subscription
Allen & Overy (A&O) has announced a 3 per cent drop in its revenue for the first half of the 2012/13 financial year, turning over £566m in the six months from 1 May.
Norton Rose hires Allen & Overy IP litigator subscription
Allen & Overy (A&O) IP litigator Huw Evans is set to leave the firm to join Norton Rose as a partner.
Norton Rose’s UK arm will retain control of partner remuneration decisions for the firm’s Emea offices following next year’s tie-up with America’s Fulbright & Jaworski.
Irreconcilable differences subscription
Deep-seated disparities caused FFW-Osborne Clarke merger talks to fail
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Norton Rose has confirmed its intention to launch offices in Brazil and Mexico after it merges with Texan firm Fulbright & Jaworski next year.
Field Fisher Waterhouse (FFW) and Osborne Clarke have called off their merger talks after failing to agree a £200m combination.
Norton Rose is set to merge with US firm Fulbright & Jaworski, the firms have announced, with the deal going live on 1 June 2013.
Clyde & Co is considering launching a second Saudi Arabia base in Jeddah, as it emerges that the firm has delayed transferring partner Ben Cowling to the country’s capital Riyadh amid a logistical hitch.
DLA Piper has put 251 staff in consultation in one of the biggest rounds of redundancies yet in the UK legal market’s recent spate of layoffs.
Deloitte is set to become the last of the so-called Big Four accountancy firms to launch its own legal offering in Germany by acquiring 100-lawyer national firm Raupach & Wollert-Elmendorff.
Freshfields loses corporate partner to BP subscription
Freshfields Bruckhaus Deringer has seen Düsseldorf corporate partner Hildegard Bison leave to join the European arm of longstanding client BP in a senior in-house role.
Ashurst is set to launch in Jeddah through an association with local in-house lawyer Faisal Adnan Baassiri as the firm aims to kick off its expansion in Saudi Arabia.
SJ Berwin has held talks with King & Wood Mallesons (KWM) over a transformational tie-up with the Asia-Pacific giant.
SNR Denton global chair Joe Andrew has pledged to make post-merger Dentons the “most multi-cultural” firm when Salans, SNR Denton and Canada’s Fraser Milner Casgrain (FMC) combine early next year.
Baker & McKenzie London managing partner Gary Senior is set to step down from the role next year after 10 years as the US firm kicks off a process of choosing his successor.
Osborne Clarke and FFW: it just might work? subscription
There is more to FFW’s corporate practice than prominent client BBC Worldwide to make it an attractive partner for Osborne Clarke. A deal could create a serious mid-market contender
Norton Rose has appointed London partner Donald Warnock as head of its construction and engineering practice following the retirement of longstanding group chief Christopher Hill.
Three-way Dentons merger to go live in 2013 subscription
Salans, SNR Denton and Canadian firm Fraser Milner Casgrain (FMC) have confirmed their plans for a three-way merger, which will go live early next year under the Dentons name.
Slaughter and May is set to axe 32.7 full-time equivalent (FTE) jobs in its secretarial team after finalising a round of redundancies.
Salans and SNR Denton are set to vote at the end of this month on a three-way merger with Canadian firm Fraser Milner Casgrain (FMC).
SJ Berwin has added to its City corporate practice with the hire of Field Fisher Waterhouse (FFW) CIS specialist Alex Woodfield.
Allen & Overy (A&O), Clifford Chance and Linklaters are among the firms winning advisory roles on a joint €1.5bn (£1.2bn) bid for Germany’s Douglas Holding by private equity group Advent International and the high-street retailer’s founding family.
JPMorgan has confirmed the revamped structure of its in-house legal team following the merger of its investment bank and treasury and securities units, with senior London-based lawyer Karen Linney taking on a broader role as Emea general counsel for the overall business.
Wragge & Co has won a lead role alongside Gateley on the administration of Manganese Bronze, the stricken company behind London’s world-famous black cabs.
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Slimmer pickings for firms on public sector rosters
Ashurst, Berwin Leighton Paisner, CMS Cameron McKenna, Eversheds, Osborne Clarke and Stephenson Harwood have been appointed to Lloyds Banking Group’s own-account legal panels following a review.
Osborne Clarke hires YouView legal head subscription
Osborne Clarke has turned to digital TV provider YouView for a hire in its digital business group, bringing aboard legal chief John Davidson-Kelly.
Clifford Chance, Freshfields Bruckhaus Deringer and Simmons & Simmons took roles advising on the acquisition of a 10 per cent stake in Heathrow Airport by a subsidiary of China Investment Corporation (CIC).
US firm Locke Lord has added a 16th partner to its nascent London office with the hire of Fox Williams corporate finance specialist James Channo.
Slaughter and May has announced a cut to its bonuses for associates, trainees and support staff, citing market uncertainty for the decision.
Latham & Watkins and Skadden Arps Slate Meagher & Flom have taken advisory roles on Walt Disney’s $4.05bn (£2.5bn) acquisition of Star Wars maker Lucasfilm.
Clifford Chance and Travers exit revamped TfL panel subscription
Transport for London (TfL) has cut its legal panel from 12 firms to 11 following a review, with Clifford Chance and Travers Smith among four firms to exit the roster.
Mayer Brown has seen another partner departure from its City base, with high-profile reinsurance litigator Ian McKenna leaving to join US rival Locke Lord.
Freshfields Bruckhaus Deringer and Slaughter and May have advised alongside four US firms on a deal between Pearson and media rival Bertelsmann to combine the companies’ publishing units, Penguin Group and Random House.
General Electric’s (GE) external legal advisers are on standby as the US conglomerate finalises a process to review its European panels.
Pinsent Masons has extended its lead at the top of the rankings of law firms by number of AIM-listed clients, bringing its client count close to 50.
FFW gears up to take Osborne Clarke talks forward subscription
Senior management figures at Field Fisher Waterhouse (FFW) are set to report back to partners about the firm’s potential £200m merger with Osborne Clarke at its annual partnership meeting next month as tie-up talks steamroll ahead.
Scourge of the external advisers subscription
If in-house cost-cutting king Nick Deeming joins one of your client companies, good luck
Freshfields Bruckhaus Deringer is considering opening an office in Australia as the magic circle firm aims to follow its UK and US rivals into the country.
Lloyds Banking Group has delayed the completion of its legal panel review until November, extending the current terms of the agreement for firms on the roster by a month.
Transocean general counsel Nick Deeming has resigned with immediate effect less than two years after joining the Swiss offshore drilling group.
Slaughter and May has moved to strengthen its sub-Saharan African law firm relationships by hosting a conference for 27 firms from 16 countries across the continent.
Nabarro has elected corporate partner Graham Stedman as its new senior partner, defeating real estate specialist Ciaran Carvalho in a contested leadership vote.
Field Fisher Waterhouse (FFW) has axed its salaried partner ranks in a restructuring that leaves it with two classes of partner.
Linklaters and Slaughter and May have advised as Santander pulls out of a £1.65bn deal to buy 316 branches from the Royal Bank of Scotland (RBS).
Osborne Clarke will switch to a December financial year-end for internal purposes as part of a move to integrate its expanded European operations.
SJ Berwin is planning to introduce widespread changes to improve staff and partner engagement after admitting that it has traditionally struggled to keep its workforce motivated.
Ex-Dewey trainee deported in wake of firm's collapse subscription
A Dewey & LeBoeuf trainee in the defunct firm’s London office was forced to leave the country this summer because his visa expired, it has emerged.
Let's get ready to grumble subscription
Partners may not like it, but new banking rules will affect their borrowings
Sitting on defence subscription
Whatever happened to the BAE-EADS deal, the lawyers were going to be okay
US firm Davis Polk & Wardwell’s newly-launched UK law team has won an appointment for the French government on negotiations with aerospace groups BAE Systems and EADS over their €36bn (£29bn) merger, which was called off yesterday (10 October).
Clifford Chance, Linklaters and Mills & Reeve have advised on a bond issue by the University of Cambridge, the second in a recent spate of attempts by UK higher-educational institutions to tap the capital markets.
Dewey finally gets go-ahead for partner settlement subscription
Bankrupt US firm Dewey & LeBoeuf’s settlement with former partners has won approval from a New York court, ending months of attempts to green-light the deal since the firm collapsed in May.
Revenue per lawyer (RPL) at the top 30 US firms’ London operations was nearly 50 per cent higher than at the leading UK firms, new data shows.
Weight Watchers has launched a tender process for a UK and Europe healthcare panel as the slimming group prepares to expand its business of working with state and commercial organisations in the sector.
Morgan Lewis has appointed Pinsent Masons partner Nick Thomas as a partner in its London labour and employment practice.
Kelway GC: Tech msgr subscription
Tim Ross, GC at trendy and fast-growing IT supplier Kelway, says legal life is getting interesting as the company expands abroad
Special relationships subscription
Why UK banks are appointing more US firms to their rosters
Several US and international law firms suffered website malfunctions yesterday (4 October) after a hosting error, with some still not accessible from certain parts of the world this morning.
Clifford Chance distributed an average of £1.19m to partners and employees on its management committee during the 2011-12 financial year, totalling a payout of £19m for its 16 members.
Stephenson Harwood eyes Paris disputes launch subscription
Stephenson Harwood is planning to launch a disputes practice in Paris as the UK firm looks to broaden its offering in the French capital, where it currently only carries out transactional work.
Motoring group the AA to follow Saga into ABS arena subscription
The AA has applied for a licence to become an ABS as it considers entering the legal market by offering its own services to customers.
Stewarts employment duo quits to launch boutique subscription
Stewarts Law employment partner duo Gareth Brahams and Arpita Dutt are set to leave the litigation boutique to launch their own practice, less than a year after Dutt joined the firm.
SNR Denton has added to its London technology and outsourcing practice with the hire of Field Fisher Waterhouse (FFW) partner Andrew Lucas, a specialist in public procurement.
Deutsche Bank unveils revamped global panel subscription
White & Case is among a raft of firms to be reappointed to Deutsche Bank’s global legal panel following a review of the German banking giant’s list of advisers.
Osborne Clarke is considering adding a second representative base in the US with the potential launch of an office in New York.
Dewey dues subscription
Many Dewey ex-partners have paid into the contribution plan; some still have not
Vogue element subscription
An arbitration partner is this year’s must-have
Norton Rose international arbitration head Joseph Tirado has quit the firm to join US outfit Winston & Strawn, with fellow London disputes partner Steve Abraham quitting for Baker & McKenzie.
Osborne Clarke is laying the groundwork for a launch in Brussels as the firm continues its European expansion amid merger discussions with Field Fisher Waterhouse (FFW).
Stephenson Harwood has added to its international arbitration practice with the hire of Reed Smith London partner Shai Wade.
Clifford Chance has seen a further exit from its structured finance practice, with partner Matthew Cahill leaving to join US firm Sidley Austin in London.
SJ Berwin is set to ask a proportion of its partners to leave in a restructuring aimed at streamlining the City firm.
Freshfields Bruckhaus Deringer has hired former Sullivan & Cromwell litigation partner Michael Lacovara for its US litigation practice.
Travers launches associate pay review subscription
Travers Smith has launched a review into its associate pay system as it looks to assess how its rigid lockstep for legal staff compares with the rest of the market.
Firms could be obliged to disclose client money levels to the professions’ watchdog more regularly instead of just once a year under plans being developed by the Solicitors Regulation Authority (SRA).
The odd couple subscription
On the face of it Field Fisher Waterhouse has the most to gain from a possible merger with Osborne Clarke, but given their differences it’s a long shot
CC in front seat at Carlyle subscription
The flurry of deals undertaken by private equity giant Carlyle this year has provided rich picking for a number of big firms
Mayer Brown has confirmed that it has begun a redundancy consultation in London among its support staff, four months after announcing separate plans to cut lawyers and staff from the City.
Ashurst has hired Nabarro real estate litigation head Iain Travers in a move to bulk up its property disputes offering, which was hit by the departure of practice head Michael Madden last year.
Clifford Chance has asked capital markets associates in its Singapore office to take voluntary sabbaticals until the end of the year as the firm reacts to a downturn in work in the region.
SJ Berwin hit by double disputes exit to US firms subscription
SJ Berwin is set to lose disputes partners Tim Beale and Justin Michaelson in a double London raid by two US firms.
Travers Smith managing partner Andrew Lilley has been appointed to the role for a further two years, with the City firm chief set to return to fee-earning at the end of 2014.
Salans, SNR Denton push back merger vote subscription
Salans and SNR Denton have delayed a vote on a merger, with partners now expected to be polled on the potential combination next month at the earliest.
Clifford Chance structured finance partner Neil Hamilton is set to join US firm Paul Hastings’ London office.
SJ Berwin and US firm Paul Hastings have joined forces to lead private equity group Patron Capital through the closing of its latest fund.
Freshfields' sporting bet subscription
Marathon Olympics gives Freshfields chance to sprint ahead
Pinsent Masons and a City team from US firm Locke Lord have advised on the sale from administration of the UK subsidiary of motorcycle clothing and accessories retailer Hein Gericke.
Allen & Overy (A&O), Linklaters and Slaughter and May are advising as the Royal Bank of Scotland (RBS) plans to float Direct Line Insurance in one of the biggest IPOs of the year.
Nabarro senior partner Simon Johnston is set to stand down from the position roughly three years earlier than planned, the firm has announced.
Clifford Chance and Freshfields Bruckhaus Deringer have won roles alongside a string of local firms on the potential tie-up of European defence giants EADS and BAE Systems.
Squire Sanders’ UK legacy firm Hammond Suddards was involved in the process of “review and alteration” of police officers’ recollections about the 1989 Hillsborough disaster, a report into the tragedy has found.
Yorkshire firms Lee & Priestley and Lupton Fawcett are in merger talks, with a tie-up potentially marking the latter’s third major consolidation deal in under four years.
Latham among lineup on BP's latest US sell-off subscription
Latham & Watkins has joined Texan firm Gardere Wynne Sewell advising on BP’s $5.5bn (£4.3bn) sale of its interests in a range of oil and gas fields in the Gulf of Mexico to US petroleum rival Plains Exploration & Production.
Linklaters has beaten Freshfields Bruckhaus Deringer in a pitch to win a first-time role for China National Gold on its talks to buy a stake in UK-listed African Barrick Gold (ABG) from Canada’s Barrick Gold.
Firms may see work from football clubs flowing back as strict FIFA rules kick in
Firm boosts capital in bid to synchronise UK, Australian capital structures
Stephenson Harwood is set to receive an uplift after completing a two-year deal for an energy client to which it charged more than half of the fees conditional on the transaction closing.
Takeovers of UK-listed companies generated legal fees totalling almost £80m in the past year, working out as an average of £1.6m per deal, research by The Lawyer reveals.
Earning curve subscription
The Lawyer reveals who has put in the highest legal bills for UK public M&A deals since the revamped Takeover Code came in a year ago
CMS Cameron McKenna regulatory and disputes head Liam O’Connell is set to join Norton Rose as a partner in its insurance litigation practice.
Locke Lord hires Salans partner in London subscription
Salans has lost another partner to US firm Locke Lord, with corporate specialist Rob Askew joining the Texan firm’s recently-launched London office.
HSBC adds trio of US firms to expanded global panel subscription
Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown have won first-time roles on HSBC’s expanded global legal panel after the bank introduced a sub-roster of US firms.
Dewey CFO finds new home at Florida firm Greenspoon subscription
Former Dewey & LeBoeuf CFO Joel Sanders has resurfaced in the same role at Florida law firm Greenspoon Marder.
A former Dewey & LeBoeuf partner is attempting to block Citibank securing a summary judgment against him by arguing that the bank colluded with the now-defunct firm to entice lateral hires in the run-up to the firm’s collapse this year.
BLP picks up Norton Rose corporate star Stanier subscription
Norton Rose corporate specialist Julian Stanier has quit the firm to join Berwin Leighton Paisner (BLP) as a partner.
California dreaming subscription
LG misses out on US presence as one-time merger prospect FFW opens in Palo Alto
Field Fisher Waterhouse (FFW) has launched a representative office in Silicon Valley in a bid to clinch work originating in the Californian technology hub.
CMS Cameron McKenna, DLA Piper and Herbert Smith were among seven firms to win roles on the merger of Scottish oil group Melrose Resources and Irish rival Petroceltic International, a deal that gifted an estimated £2.36m in external lawyers’ fees.
Sun City subscription
Our list of the summer’s big deals shows how London law firms kept busy with work from Asia as well as more familiar sources
Dewey & LeBoeuf’s wind-down team has filed a motion calling for court approval of its settlement deal for former partners, arguing that financial commitments were obtained in a short space of time despite the “shock, anger and dismay” resulting from the firm’s collapse.
Clifford Chance has added to its US disputes practice with the rehire of arbitration partner Ignacio Suárez Anzorena from Chadbourne & Parke’s Washington DC office.
Birchams exits NFU panel as 15 firms reappointed subscription
Bircham Dyson Bell has left the National Farmers Union’s (NFU) external legal panel “by mutual consent”, as 15 firms have won places on the reviewed roster of advisers.
Linklaters projects partner Clive Ransome has quit to join Milbank Tweed Hadley & McCloy, becoming the latest in a string of magic circle partners to join the US firm’s London office.
Cadwalader Wickersham & Taft has added a structured finance partner to its London base with the hire of Stephen Day from Mayer Brown.
Salans and SNR Denton have reached the advanced stages of negotiating a £760m merger, with the two partnerships gearing up to approve the deal in a vote next month.
Clifford Chance and Linklaters were part of a string of City firms advising on private equity group Cinven’s £465m acquisition of generic drugs company Mercury Pharma from HgCapital.
Norton Rose is set to axe two of its six trainee seats, including its compulsory international seat, as part of a restructuring of the way it runs its programme for prospective lawyers.
Slaughter and May has taken a lead role alongside Cravath Swaine & Moore and Sullivan & Cromwell on drinks company Diageo’s potential acquisition of the tequila brand Jose Cuervo.
BP’s Russian joint venture partner Renova Group has made a high-profile addition to its in-house team with the hire of ex-Simmons & Simmons Moscow chief Konstantin Orlov as its legal number two.
Clifford Chance, Freshfields Bruckhaus Deringer and Kirkland & Ellis have advised on a deal to reduce Travelodge’s debt by transferring control of the hotel chain to three investors.
Herbert Smith and Pinsent Masons have taken lead roles advising on the combination of West End financial advisers James Hambro & Partners and Calkin Pattinson, a merger that sees the latter consumed into Hambro’s partnership.
Dewey & LeBoeuf’s settlement plan to raise funds for the defunct firm’s estate and absolve former partners of future liability has passed the $50m (£32m) threshold required to keep the case out of Chapter 7 bankruptcy.
Davis Polk & Wardwell, Debevoise & Plimpton, Simpson Thacher & Bartlett and Weil Gotshal & Manges have all snapped up roles advising on the Carlyle Group’s acquisition of Getty Images from US private equity rival Hellman & Friedman.
O’Melveny & Myers and SJ Berwin led alongside Scottish firm Burness on Lloyds Banking Group’s sale of £1.05bn of private-equity assets to secondary specialist Coller Capital.
Linklaters’ UK real estate head Anne Byrne is to join property investment company Capital & Counties Properties (Capco) as its first legal chief.
Dewey tweaks partner settlement plan again subscription
Dewey & LeBoeuf’s bankruptcy team has offered former partners further changes to the firm’s settlement plan, a week after telling them an amended deal was final.
Ashurst, Burges Salmon, Eversheds and Herbert Smith are among the firms to have advised in the bidding war for the contract to manage the West Coast rail franchise, with FirstGroup today (15 August) revealed as the winning candidate.
Cleary Gottlieb Steen & Hamilton and Linklaters have taken advisory roles on Bank of America Merrill Lynch’s SFr860m (£565m) sale of its non-US wealth management business to Julius Baer Group.
Hogan Lovells and Latham & Watkins have advised on the establishment of a $300m (£191m) European commercial paper (ECP) by Russia’s B&N Bank.
Clifford Chance, Duane Morris and Freshfields Bruckhaus Deringer joined Austrian firm Schoenherr advising on Swedish private equity outfit EQT Partners’ $270m (£172m) acquisition of IT company UC4 Software from the Carlyle Group.
Magic circle: doing the trick subscription
International strategies pay off
Burges Salmon has started paying out to partners following a scheme that saw the firm hold back capital to fund its move into new headquarters.
Firm hopes internal transparency will tighten lock-up
The Financial Services Authority (FSA) has confirmed that Tracey McDermott, a former litigator at legacy Dechert firm Titmuss Sainer Dechert, has been appointed director of enforcement and financial crime.
Dewey & LeBoeuf’s wind-down team has amended the bankrupt firm’s controversial settlement deal, with partners now being enticed into the plan by a discount based on how much they bring back to the firm in receivables in the coming weeks.
Linklaters is in talks with South African firm Webber Wentzel with a view to rolling out an alliance with the local leader in a deal similar to its recent joint venture with Australia’s Allens Arthur Robinson (now Allens).
Slaughter and May and Sullivan & Cromwell have won roles advising Standard Chartered Bank following allegations by a New York regulator that it had concealed $250bn of transactions with the Iranian government.
Former staff of Dewey & LeBoeuf’s London office have been invited to grill a representative of the bankrupt US firm under oath at a meeting in New York next week.
Former Dewey & LeBoeuf partners have been given an extra week to sign up to a settlement absolving them of liability from the firm’s estate, with bankruptcy chiefs currently battling to iron out concerns that have caused the plans to raise up to $90.4m (£57.9m) to stall.
SJ Berwin has delayed approving an amended remuneration mechanism that would have built individuals’ success at cross-selling into the partner pay system.
Freshfields Bruckhaus Deringer has replaced Hogan Lovells to advise the senior lenders on the debt restructuring of waste management company Biffa, with Latham & Watkins and Linklaters also winning a role on the high-stakes negotiations.
Field Fisher Waterhouse (FFW) is set to reshuffle its sector-based approach in a decision that sees it move away from a formal focus on its troubled public-sector practice.
Linklaters, DLA Piper and US firm Zeichner Ellman & Krause (ZEK) are among a raft of foreign firms setting their sights on Israel in response to the liberalisation of its legal market earlier this year and a potential upturn in M&A in the country.
Allen & Overy (A&O) and a London team from Norton Rose have advised on a deal that sees by the World Bank’s (WB) investment arm buy shares worth $100m (£64.4m) in pan-African banking group Ecobank Transnational.
Freshfields loses traction with Porsche subscription
Former go-to adviser takes a back seat as rivals overtake in car race
The promising land subscription
Israel is relaxing the protectionism of its legal market, but most think global and local firms will work hand-in-hand rather than going head-to-head
Clifford Chance wins RBS role on IT failure review subscription
Clifford Chance has been instructed by the Royal Bank of Scotland (RBS) to carry out a review into a computer failure that left customers without access to information about their accounts.
Linklaters global managing partner Simon Davies has hinted that the firm has exchanged due diligence information with potential alliance targets in South Africa as discussions with outfits on the ground continue.
Linklaters has launched a focus group targeting alternative credit providers (ACPs) such as investment managers and corporate lenders in a bid to clinch new sources of fees amid the slowdown in traditional banking work.
Ashurst adds Tokyo partner with SNR Denton hire subscription
Ashurst has rehired SNR Denton project finance partner Myles Mantle for its Tokyo office.
Dewey & LeBoeuf paid special bonuses totalling $1.1m each to CFO Joel Sanders and executive director Steve DiCarmine in the months running up to the firm’s collapse, bankruptcy filings reveal.
Virgin Media general counsel Scott Dresser has resigned “for personal reasons” a little more than 18 months after taking on the role.
Freshfields Bruckhaus Deringer has appointed London banking head David Trott as head of its global finance practice, succeeding Alan Newton in the senior role.
Dewey & LeBoeuf’s London and Paris operations had unsecured creditors who were owed a total of £5.2m, with almost none of this amount set to be paid, according to a report by the defunct US firm’s UK administrator.
Ashurst reverse secondments pay off subscription
Secondment scheme pays off for Ashurst
Dewey employees seek reimbursement subscription
Former Dewey staffers’ long and winding road to notice period payments
Dewey & LeBoeuf’s wind-down chiefs have asked former senior management figures to top up their contributions to the estate as part of the defunct US firm’s bankruptcy settlement.
Norton Rose has recruited its first London criminal law specialist with the hire of longstanding Bindmans partner and crime head Neil O’May.
Barclays Bank is refusing to consider a group attempt by former partners of Dewey & LeBoeuf to strike a settlement with the UK lender over debt from loans used to fund capital contributions.
CMS Cameron McKenna and Linklaters have won roles advising on the acquisition of UK gas company Wales & West Utilities by Cheung Kong Infrastructure (CKI), part of Hong Kong billionaire Li Ka-shing’s business empire, for £645m.
Baker & McKenzie is set to launch an office in Casablanca next month with a four-lawyer team from French firm August & Debouzy.
Slaughter and May has drawn up a list of four preferred local firms to work with in Australia in the wake of Linklaters’ alliance deal with Allens.
Mayer Brown’s City team has been appointed to advise the administrators of clothing chain Ethel Austin, which has been put into administration for the fourth time since 2008.
SJ Berwin has ditched plans to let out office space in its City headquarters after initially trying to find a tenant to occupy the unused floorspace.
Emailvision GC: Private view subscription
Manoj Paul, GC at cloud computing specialist Emailvision, is keeping a close eye on evolving data privacy law around the world
O’Melveny & Myers and offshore firm Ogier have won roles advising private equity group Coller Capital on the closing of its $5.5bn (£3.5m) secondaries fund.
Small-frying tonight subscription
Single-partner law firms are suffering as lenders withdraw support
What’s that in real money? subscription
Currency conversion rate change sows seeds of discontent among UAE staffers
The deadline for partners to opt in to a settlement deal absolving former Dewey & LeBoeuf partners of their liabilities has been delayed after concerns were raised about its contents.
Clifford Chance has approved plans to scrap its period of grace of up to a year for underperforming partners before they are asked to leave.
Linklaters is planning to launch in South Africa through a joint venture with a local firm, with domestic leader Webber Wentzel emerging as the lead candidate to enter a tie-up with the magic circle outfit.
Freshfields picks Rome partner as new Italy chief subscription
Freshfields Bruckhaus Deringer has elected Rome partner Tommaso Salonico as its Italy managing partner, with the competition specialist taking over from Marzio Longo on 1 August.
Travers Smith has posted a 16 per cent increase in turnover for the 2011-12 financial year, with average profit per equity partner (PEP) jumping 24 per cent despite a static equity partner count.
Clifford Chance shipping finance head Simon Lew has left the firm to join Norton Rose after 16 years as a partner at the firm.
Creditors of Dewey & LeBoeuf’s London and Paris arm are lining up to claim dues from the defunct firm, with a subsidiary of insurer Axa demanding more than £600,000 from the failed firm’s estate.
CMS Cameron McKenna has appointed a bank panel guru to commoditise its applications for client roster places, as the firm responds to the increasingly administration-heavy nature of pitch processes.
Berwin Leighton Paisner (BLP), CMS Cameron McKenna and Reed Smith snatched roles on the acquisition of hardware chain Robert Dyas by Dragons’ Den star Theo Paphitis.
Kennedys has won a role acting for the administrators of Town Centre Restaurants, the company behind the Café Giardino chain.
Stephenson Harwood has announced a 3 per cent turnover hike for the 2011-12 financial year, with the rise coming amid an 18 per cent drop in the firm’s average profit per equity partner (PEP).
Dewey & LeBoeuf’s US bankruptcy chiefs may attempt to sell the defunct firm’s $103m settlement deal to London ex-partners today (13 July), as it emerges that some former City partners are likely to snub the proposal.
Linklaters is set to launch an Italian litigation practice with the hire of Milan partner Alessandro Villani from former ally-turned-adversary Gianni Origoni Grippo Cappelli & Partners.
Linklaters and Slaughter and May have won lead roles advising on Japanese advertising agency Dentsu’s £3.2bn acquisition of UK rival Aegis Group.
Former Dewey & LeBoeuf partners including those in London will be asked to pay up to $3m (£1.9m) each as a settlement to grant them relief from being sued, it was revealed today.
Norton Rose has taken on a six-lawyer team from Canada’s Gowling Lafleur Henderson, with the UK firm adding four partners to its Toronto base.
Clifford Chance has won a role advising Barclays Bank on its investigation into claims that it fixed the London interbank offered rate (Libor) to boost its trading position.
Ashurst and Norton Rose have won roles on Australian gold miner St Barbara’s A$556million (£366m) takeover of Allied Gold Mining.
Osborne Clarke has confirmed the make-up of its new international management structure in the wake of its European mergers, with four UK figures taking roles on two separate oversight groups.
Proskauer Rose has boosted its London offering with the hire of a capital markets quartet including Kaye Scholer City partner Katherine Mulhern.
Bahrain humbug subscription
Norton Rose claims it is still committed to kingdom as lawyers quit
CC shrugs off downturn blues subscription
Along with A&O, firm leads the way in magic circle turnover rises
Corporate service provider Jordans Limited has applied to convert to an alternative business structure (ABS) in a bid to provide legal services to companies and win outsourced work from City law firms.
Macfarlanes has posted an 8 per cent increase in turnover and a 20 per cent hike in average profit per equity partner (PEP) for the 2011-12 financial year, with fee income exceeding £100m for the first time since 2008.
Linklaters capital markets partner Brigid Rentoul has left the firm to join Winton Capital Management as legal chief amid a restructuring of the West End hedge fund manager’s in-house team.
Freshfields Bruckhaus Deringer and Linklaters have announced broadly flat headline financials for 2011-12, with the figures showing that Clifford Chance has increased its turnover lead on its magic circle rivals.
Ashurst, DLA Piper, Eversheds, Norton Rose and Rosenblatt Solicitors have advised on the construction of the Shard, which is set to be unveiled today.
DWF’s Newcastle chief John Flynn is set to leave the firm just over a year after joining to set up the firm’s practice in the North East city.
Field Fisher Waterhouse (FFW) has announced a 20 per cent drop in average profit per equity partner (PEP) alongside a 4 per cent increase in revenue for the 2011-12 financial year.
Clifford Chance: US is still on the agenda subscription
Clifford Chance has refused to rule out another US merger as the magic circle firm presses ahead with growth in the region.
Ashurst has announced a 3 per cent increase in average profit per equity partner (PEP) for the 2011-12 financial year, with plateau partners enjoying a million-pound payout for the second year running.
Ashurst finance partner Ugo Giordano has quit the firm for Paul Hastings’ London base just over two years after joining the UK firm from now-defunct Dewey & LeBoeuf.
Linklaters capital markets partner Alan Davies has left the firm to join Simmons & Simmons, which has announced a double City hire from the magic circle outfit.
Clifford Chance has announced a 7 per cent increase in both revenue and average profit per equity partner (PEP), becoming the second magic circle firm to post a small hike in fee income.
Partners at SJ Berwin are set to vote this month on whether to bring in a new remuneration system designed to promote client sharing at the firm.
Since associate general counsel Adrienne Seaman arrived at CME Group, conflicts and new regulation have forced massive changes
Dewey trainee facing deportation over visa issues subscription
A former London trainee at Dewey & LeBoeuf is at risk of being deported to his home country because he has not found another firm to sponsor his visa.
Clifford Chance’s management has urged partners to help boost its corporate practice by leveraging the firm’s prized banking relationships and fostering a culture of cross-referrals.
Herbert Smith has posted a 3 per cent increase in turnover and a 7 per cent drop in average profit per equity partner (PEP) for the 2011-12 financial year.
Banks that issued professional practice loans to Dewey & LeBoeuf partners to fund their capital contributions are negotiating an extension to the debt.
Former Dewey partners gear up for tax bill battle subscription
Former partners of Dewey & LeBoeuf’s London base are attempting to minimise their financial blow from the US firm’s collapse by using its 2012 losses to slash their tax bill.
Corp competency subscription
Corporate may be stuck in the global doldrums but the teams up for this year’s The Lawyer Awards remained admirably calm in the face of adversity.
Silver circle firm posts revenues of £180m after tough year for corporate work
Davis excluded from Dewey settlement deal subscription
Liability issues emerge as key in high-stakes conference call; six-week deadline imposed by bankruptcy advisers
Scotland-headquartered Dundas & Wilson has launched a probe into a sector head who obtained confidential information about a client that prejudiced a tender process.
In knots over tie-up? subscription
Field Fisher Waterhouse link to Lawrence Graham at odds with former policy
Stephenson Harwood has added another three City partners including a further two from SNR Denton as the firm continues its lateral hiring trend.
Former Dewey & LeBoeuf chairman Steve Davis has hired disgraced former New York Governor Eliot Spitzer’s PR adviser as media attention on the US firm’s former boss persists.
Dewey's Riyadh team resurfaces at Patton Boggs subscription
Dewey & LeBoeuf’s Riyadh practice has joined Patton Boggs to set up a affiliate office for the US firm consisting of one partner and four associates.
Dewey & LeBoeuf’s senior management ran a Ponzi scheme for the purpose of self-enrichment and maliciously misrepresented the firm’s finances, according to a lawsuit brought by a former partner.
State of Dewey's Middle East finances revealed as local partners battle over unpaid dues subscription
A former partner of Dewey & LeBoeuf’s Dubai base has instructed counsel in a fight over unpaid dues as a row escalates over claims made against the defunct US firm.
Ashurst has picked up two Frankfurt partners from now-defunct Dewey & LeBoeuf, with corporate lawyer Benedikt von Schorlemer and employment specialist Andreas Mauroschat both joining the UK firm.
Charles Russell has confirmed that it is in consultation with nine staff members, with the employees at risk representing just under 2 per cent of the firm’s total headcount.
Midlands firm Knights Solicitors has taken a cash injection from high-profile entrepreneur and former Dragons’ Den investor James Caan’s private equity house in a bid to grow the business into a top-100 UK practice in three years.
Former Dewey & LeBoeuf London managing partner Peter Sharp has been appointed co-head of Morgan Lewis & Bockius’s City base.
SJ Berwin’s senior management has called on partners to work more closely as a team across its network as the firm continues in its attempts to shed its reputation as a firm of siloed individuals.
Stephenson Harwood has hired real estate litigator Andrew Myers from SNR Denton as the City firm continues its spree of partner hires from the City rival.
We can Birkett out subscription
Birketts and Birkett Long rivalry intensifies with tit-for-tat mergers
Whining out subscription
Ex-Dewey partners gather their strength… in a wine bar
Ashurst prepares for launches in Seoul and Beijing subscription
Ashurst is close to applying for licences to practice in South Korea and Beijing as the top 15 UK firm moves ahead with its Asian growth plans.
Revenue nudges down at merger-hungry Morton Fraser subscription
Scottish firm Morton Fraser has posted a 2 per cent drop in revenue and a 7 per cent profit hike for 2011-12 in a year in which it de-equitised three partners.
Salans has appointed Berlin partner Hermann Meller as head of its Shanghai office as the firm moves to plug the gap left by the resignation of its two remaining China partners.
Salans has been hit by the loss of a high-level Shanghai duo in a move that leaves the firm without any partners in its dwindling Chinese practice.
Glencore general counsel Richard Marshall and Xstrata chief legal counsel Benny Levene are expected to stay on in a joint position as co-heads of the combined companies’ in-house legal team following the mining giants’ proposed $90bn (£59bn) merger.
Basildon-based firm Birkett Long has expanded its offering in its home town by merging with local outfit Brian Ruff Angus and Jewers (BRAJ).
Woman chastener subscription
Freshfields unveils plan to address lack of female partnership candidates
Osborne Clarke has posted its financial results for the 2011-12 financial year, revealing an 8 per cent rise in revenue and a 1 per cent increase in average profit per equity partner (PEP).
Clifford Chance has slightly increased pay bands for associates with one, two and three years’ post-qualification experience (PQE) as the firm announces a freeze on trainee and newly qualified (NQ) salary levels.
Former Dewey & LeBoeuf London managing partner Peter Sharp has claimed that the firm’s New York chiefs “ignored” his plans to save the City office as he moved to refute allegations that he left his former colleagues high and dry.
A matter of principals subscription
Should they have stayed or were they within their rights to go? The hasty exits of top Dewey partners prior to the firm’s dissolution hardly looks like the honourable path
Freshfields Bruckhaus Deringer is considering introducing targets for the number of female candidates put forward for partnership promotion each year.
Dewey London to shut down this Friday subscription
Dewey & LeBoeuf’s London operation is set to go close this Friday as the firm’s UK LLP edges closer to administration.
Linklaters unveils revamped international board subscription
Linklaters has confirmed its new-look international board, with corporate big-biller Charlie Jacobs among the three London partners stepping down from the senior governance committee.
Proskauer Rose has added four litigation partners from Dewey & LeBoeuf including vice chair Ralph Ferrara in the firm’s latest raid on its US rival.
SJ Berwin and Mayer Brown in talks over £900m tie-up subscription
SJ Berwin has held exploratory talks with US firm Mayer Brown with a view to joining forces to create a £900m business.
Film-maker Paramount Pictures has taken an axe to its London in-house legal team, with the US company reducing its headcount in the city from seven to two.
A fine romance subscription
…with no kisses (or bust-ups) as Salans and SNR Denton stall on getting hitched
Building a career subscription
Stand up, you lawyers who would rather be brickies - we know you’re out there
CC’s fast-track exit strategy subscription
As firms look to slim their equity, Clifford Chance is poised to catch up its rivals, or even overtake them
Proskauer hires Dewey City steering group duo subscription
Dewey & LeBoeuf London restructuring partners Mark Fennessy and Hazel Miller are set to join Proskauer Rose, meaning that all but one of the firm’s London steering group will have found new homes.
Freshfields Bruckhaus Deringer is rolling out a scheme to tap into its alumni network as a way of sourcing fee-earning staff at busy periods.
Field Fisher and LG moot £150m merger subscription
Field Fisher Waterhouse (FFW) and Lawrence Graham (LG) are in the early stages of merger talks to create a £150m business that would bring the combined entity on the brink of the top 20 UK firms by revenue.
Norton Rose has announced its unaudited financial results for the 2011-12 financial year, with the turnover figure of $1.32bn (£833m) representing a 9 per cent like-for-like increase on last year.
Dewey's Hong Kong team to join DLA Piper subscription
Dewey & LeBoeuf’s Hong Kong team is set to join DLA Piper as the firm’s office in the city prepares to wind down.
Travers Smith welcomes eight to partnership subscription
Travers Smith has announced an increased promotions round this year, with eight associates, including one part-time lawyer, stepping up to the partnership.
Dewey turns to Camerons for advice on UK wind-down subscription
Dewey & LeBoeuf’s London office has hired CMS Cameron McKenna to advise on its wind-down as it emerges that the UK LLP has delayed filing for administration following discussions with advisers and creditors.
Dewey & LeBoeuf has effectively shut its New York base, with the US firm’s head office now practically devoid of lawyers.
Greenberg Traurig has taken a team of more than 50 lawyers from Dewey & LeBoeuf to launch in Poland including key partners Jaroslaw Grzesiak and Lejb Fogelman as well as London partner duo Frank Adams and Federico Salinas.
Linklaters real estate partner Joe Conder is leaving the firm to join Goodwin Procter’s London office.
Clifford Chance is shifting all its mainstream London corporate team to the same floor of its Canary Wharf building to raise cash in a move that also sees the firm trial an open-plan setting.
Ashurst is planning to hold management board meetings outside Europe for the first time, with the move following the election of the first Asia partner to its committee.
Dewey’s ‘secret’ culture subscription
A 2009 employment discrimination case hints at poisonous politics at firm’s heart
Regulation weight subscription
Why don’t top US firms have in-house City regulatory funds practices?
Former Dewey & LeBoeuf London corporate partner Stephen Walters has joined Bird & Bird’s Paris office.
Slaughter and May executive partner Graham White is set to retire next year, with the news coming as the City firm announces that its top management team has been re-appointed for a further three years.
Ashurst, Freshfields Bruckhaus Deringer and SNR Denton are among the firms to win places on Société Générale’s UK panel, with Ashurst’s appointment understood to be a new client win.
Dewey & LeBoeuf is negotiating the future of its European property as it looks to pay off creditors in the face of the imminent dissolution of the London office.
Dewey & LeBoeuf is set to lose members of its top management team for the first time since the new group was introduced, with litigation head Jeffrey Kessler quitting for Winston & Strawn as part of a 22-partner defection and Richard Shutran joining O’Melveny & Myers.
Ashurst turns to Asia in management board shake-up subscription
Ashurst has rejigged its management board following a vote, with Singapore managing partner Matthew Bubb replacing Paris partner Laurent Mabilat to become the committee’s first Asia-based member.
TLT is set to expand into Scotland and launch in Northern Ireland, with the Bristol-based firm announcing plans to merge with Scottish firm Anderson Fyfe.
Dewey & LeBoeuf today told its remaining London associates that it cannot ensure it will pay their salaries beyond the end of this month.
Stricken US firm Dewey & LeBoeuf has warned US employees that their jobs are under threat, admitting that the current difficulties could result in the firm shutting its doors.
Clifford Chance is planning to abolish an arrangement that allows underperforming partners up to a year’s grace before they are forced to leave, in a move aimed at allaying the negative cultural impact of axing partners.
A number of former Dewey & LeBoeuf partners are grouping together in London and the US with a view to taking action to recover unpaid profit shares.
$6m man: can he rebuild it? subscription
Dewey’s Bienenstock might yet warrant his profit share
Herbert Smith corporate insurance duo Adam Levitt and Hammad Akhtar have quit the firm to join Ashurst.
Linklaters has done away with its two-year freeze on associate salary bands, announcing small increases for lawyers with one, two and years’ post-qualification experience (PQE).
Dewey & LeBoeuf is bracing itself for further European losses as it emerges that City finance partner Bruce Johnston has decided against Akin Gump Strauss Hauer & Feld in favour of joining Morgan Lewis & Bockius alongside the struggling US firm’s entire Moscow team.
Linklaters, Mills & Reeve and Weil Gotshal & Manges have won roles advising on the acquisition of a 60 per cent controlling stake in Weetabix by state-owned Chinese company Bright Food.
Dewey & LeBoeuf corporate star Mort Pierce is leaving the firm to join White & Case with a team of up to 10 partners.
Scottish firm Harper Macleod has announced an unaudited turnover rise of 14 per cent for the 2011-12 financial year, becoming one of the first UK firms to post its figures for the year.
Dewey & LeBoeuf is set to lose members of its German base for the first time since this year’s global partner exodus started, with the entire Frankfurt team close to agreeing a deal to join rival firms.
Dewey & LeBoeuf’s London office is preparing for a potential administration amid a top-level reshuffle that has seen the City managing partner role split up into a five-person steering committee.
SJ Berwin has added five associates to its partnership, including four in London, in a round of promotions that is significantly smaller than last year’s.
Slaughter and May has kept the majority of its associate pay bands steady at last year’s levels, with the magic circle firm announcing a slight increase in the pay taken home by associates with two years’ post-qualification experience (PQE).
Stephenson Harwood welcomes three to partner ranks subscription
Stephenson Harwood has announced three new partners as part of its annual promotions round, a slight decrease on last year’s count of four.
Norton Rose has ratcheted up its City finance offering with the hire of former Allen & Overy (A&O) partner David Shearer.
Dewey & LeBoeuf’s former chairman Steve Davis has become the subject of a criminal investigation by the Manhattan district attorney’s office, with the news coming amid reports that the US firm has called off talks about a possible merger with Greenberg Traurig.
Field Fisher unveils new-look supervisory board subscription
Field Fisher Waterhouse has appointed a corporate partner as chairman of its new supervisory board, the group aimed at keeping the firm’s senior management in check.
Dewey & LeBoeuf’s senior management is working on a major restructuring of the embattled US firm that could see it prepare the business for a takeover or shut down its international network.
Dewey & LeBoeuf’s Italian partners are attempting to leave the firm’s US LLP as a way of strengthening their position if the troubled firm goes under.
Berwin Leighton Paisner (BLP) has made up 11 lawyers to its partnership, a small drop on last year’s 13-strong promotions round.
Pippa Middleton's gun buddy is Shearman associate subscription
The man photographed brandishing what appeared to be a gun while driving Pippa Middleton in Paris is an associate at Shearman & Sterling who has acted for a small arms manufacturer, it has emerged.
Dewey & LeBoeuf has been hit by another eight partner losses, with a New York energy and infrastructure team set to join Hunton & Williams.
Dewey & LeBoeuf is set to lose up to 11 further lawyers in Dubai as a team of fee-earners follows a four-partner capital markets exodus to US rival Dechert.
Dewey & LeBoeuf is set to lose four partners in London and the Middle East including City capital markets rainmaker Camille Abousleiman, in the latest string of departures from the embattled US firm.
Dewey & LeBoeuf has lost a further two City partners, with recently-recruited private equity duo Mark Davis and Russell Van Praagh quitting to join McDermott Will & Emery.
Dishing the debt subscription
The ill-fated tie-up between debt-laden Dewey Ballantine and LeBoeuf Lamb Greene & MacRae has seen the merged firm career from one crisis to another. Can a new management team save Dewey & LeBoeuf from going under?
Field Fisher Waterhouse (FFW) is considering taking outside investment to fund its high-cost personal injury and medical negligence business in a move to reduce the amount of partner capital spent on the practice.
In through the out door subscription
Shearman influence spreads as lawyer becomes GC at client Citigroup
Two specialist technology firms lined up alongside Hogan Lovells on the acquisition by Zynga of the maker of Draw Something, an app that allows users to play a Pictionary-style game on their smartphones.
Dewey unveils incentive scheme to stem partner exits subscription
Dewey & LeBoeuf is planning to roll out an incentive plan to keep partners that would see the embattled US firm distribute profits over the course of several years.
Freshfields Bruckhaus Deringer has appointed real estate lawyer Annette Byron as its partner in charge of social mobility.
Travers Smith’s highest-earning partner made just over £1.3m in the 2010-11 financial year, the firm’s latest accounts show.
Linklaters has appointed corporate lawyer Simon Branigan as one of its two graduate recruitment partners.
Dewey & LeBoeuf has lost a further two partners, with New York corporate duo John Altorelli and Alexander Fraser leaving to join DLA Piper.
Shearman & Sterling senior partner Rohan Weerasinghe has quit to join Citigroup as general counsel.
Freshfields Bruckhaus Deringer’s entire Frankfurt employment team has exited to launch a boutique, with the magic circle firm sending in a two-lawyer team from Cologne to plug the gap.
Ashurst, Dundas & Wilson, Macfarlanes, McGrigors, Memery Crystal and SJ Berwin all won roles advising on the acquisition of the Garden Centre Group from Lloyds Banking Group by Guy Hands’ private equity house Terra Firma Capital Partners.
SJ Berwin has appointed a former senior UBS banker as a non-executive director in a move to replace Tony Angel following his departure to DLA Piper.
Five partners appointed to Dewey & LeBoeuf’s new senior management team have agreed to take profit share cuts of up to $3.5m (£2.2m) per year each as the US firm renegotiates its deals with star partners on guarantees.
Burges Salmon has announced the largest round of partner promotions in its history, with seven associates joining the ranks on 1 May.
Linklaters advises on Game Group administration subscription
Linklaters has leveraged its longstanding relationship with PricewaterhouseCoopers (PwC) to win an appointment as legal adviser to the administrators of Game Group.
Slaughter and May is preparing to overhaul its relationships with Australian firms if Linklaters goes ahead with an exclusive alliance with local leader Allens Arthur Robinson (AAR).
Allen & Overy has announced the largest round of 2012 promotions by any City firm so far, with 23 joining the partnership on 1 May.
Macfarlanes has made up five associates to its partnership in a round that included its first corporate promotion for five years.
Slaughter and May has announced a drop in its partner promotions for this year, with two associates joining the ranks.
Stephenson Harwood joins majority as LLP subscription
Stephenson Harwood partners have approved the firm’s plans to convert to a limited liability partnership (LLP).
Monckton Chambers has added Allen & Overy competition lawyer Alison Berridge in a move to strengthen the set’s merger control group.
Ashurst has announced its partner promotions for this year, with the firm significantly increasing its partner count in the City.
Dewey & LeBoeuf is set to vote on further changes to its management structure early next year, as the US firm unveils an overhaul of the way it is run.
Freshfields Bruckhaus Deringer has added 20 lawyers to its partnership, with the number of City associates promoted nearly halved since last year’s round.
Former Herbert Smith senior partner David Gold has been appointed to lead an inquiry into the Conservative funding row, after the party’s co-treasurer was filmed offering private dinners with the Prime Minister in return for cash.
Dewey & LeBoeuf is relocating its chairman to London as part of a management overhaul following a string of partner exits at the US firm.
Dewey & LeBoeuf has seen a further six partners leave the firm, with a team of insurance and tax lawyers quitting to join Sutherland Asbill & Brennan in New York.
Field Fisher advises on Thomas Pink's India entry subscription
Field Fisher Waterhouse (FFW) has won a role advising on a franchising deal for Thomas Pink with a subsidiary of India’s largest company that will result in the luxury shirt brand opening offices stores across India.
Court orders liquidation of London firm Atlantic Law subscription
A West End law firm fined £400,000 two years ago for its involvement in a boiler room share scam is being liquidated following a winding-up petition brought by a former employee.
Howard Kennedy has admitted a partner to its equity for the first time in three years, with corporate recovery and reconstruction head Vernon Dennis joining the ranks.
CC to plug funds practice gap subscription
Magic circle firm aims to boost partner count as associate ranks thin
Stephenson Harwood (SH) has elected a new senior partner after a contested vote, with litigator Roland Foord taking over for a five-year term on 1 May.
Clifford Chance is set to axe a string of associates in London, in the latest sign that top-level firms are feeling the pinch from the economic downturn.
The Metropolitan Police has taken an axe to its external legal panel in a cost-cutting move that has seen nine firms exit the roster.
Allen & Overy, Eversheds, Nabarro and Norton Rose are among 13 firms appointed to Qatari Diar Real Estate Investment Company’s first-ever legal panel.
The New York Bar has banned lawyers in the state from becoming an employee of a firm in which non-lawyers hold a stake, effectively preventing UK firms with New York bases from seeking external investment.
Outer Temple takes on Doughty Street silk subscription
Doughty Street Chambers’ Christopher Gibson QC has defected to rival set Outer Temple Chambers.
Ashurst has appointed Paris banking partner James Collis as its new managing partner, replacing Simon Bromwich in the role.
Clifford Chance and Linklaters are advising on talks between Game Group and its lenders, with the company today announcing its intention to file for administration.
Linklaters and Sidley Austin have taken European roles on Swiss commodities trader Glencore’s acquisition of Canadian grain trading company Viterra in a deal that has given advisory roles to a raft of firms in Australia, Canada and the US.
Reed Smith instructed on WorldSpreads administration subscription
Reed Smith has won the role acting for the administrators of WorldSpreads, the spread-betting operator being wound up after accounting irregularities were found in its finances.
Old Mutual GC takes EMEA role at Neuberger Berman subscription
Neuberger Berman, the investment manager that was bought by Lehman Brothers and subsequently sold after the bank’s collapse, has appointed a new legal head for Europe, the Middle East and Africa (EMEA).
Ambitious vision at SJ Berwin subscription
New senior partner Kon commits to international growth
FTSE100 engineering, project management and consultancy company AMEC has installed strategic development director François-Philippe Champagne as acting general counsel following the incumbent’s departure less than a year into the role.
SJ Berwin’s senior partner-elect is putting international expansion at the centre of his strategy, with a US merger a “work in progress” and a Singapore launch and expansion in Dubai firmly on the agenda.
Field Fisher moots options for ABS valuation subscription
Field Fisher Waterhouse is considering bringing in an outside company to value the business as it considers options for a conversion to an alternative business structure (ABS).
SJ Berwin EU and competition head Stephen Kon has won the race to be the firm’s next senior partner, defeating litigation partner Hilton Mervis in a two-man contest.
SJ Berwin has brought forward the result of its senior partner election to tomorrow because only two candidates are running.
Macfarlanes has made an addition to its corporate practice with the hire of Addleshaw Goddard partner James Dawson.
Ropes & Gray’s new funds team has received an early boost, with the firm snatching the role for Nordic Capital on its latest €4.3bn fundraising from White & Case mid-matter.
Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters are among a raft of firms to have won roles advising on an investigation into the accountancy sector that was started by the Office of Fair Trading (OFT) but has now been passed to the Competition Commission.
White & Case is set to lose a second member of its City funds practice, with global securitisation head Richard Reilly joining DLA Piper in the US.
Ashurst issues ultimatum to plateau partners subscription
Ashurst management has given partners at the top of equity a warning to keep up their game if they want to stay at that level of the lockstep.
Deutsche Bank is set to promote general counsel Richard Walker to its management board as part of a top-level reshuffle.
Stephenson Harwood has taken the rare step of announcing that it has beaten Eversheds to a mandate after a “robust” competitive tender process with a pitch whose “quality and cost” impressed the client.
CC: onwards and upwards subscription
Firm not resting on its laurels with Continuous Improvement initiative
HSBC panel banks on e-petition subscription
Campaign against bank’s roster cull gathers steam
Ashurst sets sights on Netherlands launch subscription
Ashurst is eyeing the Netherlands, with a launch in the jurisdiction an option on the horizon.
Travers Smith is reviewing its relationships with US firms in response to its current best friends expanding their London presence.
Stephenson Harwood is set for a vote on its conversion to a limited liability partnership (LLP) on 28 March, with a result expected to be announced the following day.
Slaughter and May has teamed up with an inner-city school in a bid to help give students a better chance of winning places at top universities.
Freshfields Bruckhaus Deringer and Norton Rose have become the latest firms to win roles on a potential deal with banking software company Misys, joining Allen & Overy (A&O), Herbert Smith, Kirkland & Ellis and Swiss firm Homburger in the bidding war.
Rangers FC company secretary Gary Withey has left Collyer Bristow for “family and personal reasons”, the firm has confirmed.
GDF Suez delays launch of inaugural legal roster subscription
GDF Suez has delayed finalising its first-ever external legal panel, with the energy company still working on agreements with potential panel firms.
Clifford Chance wins role on first Swiss CoCo subscription
Clifford Chance won a role alongside Carey Olsen and Swiss firm Homburger advising UBS on the issue of a $2bn (£1.25bn) low-trigger contingent convertible (CoCo) bond, the first such product to come out of Switzerland.
Links’ balancing act hits real estate subscription
Move from core practice area matches competitors’ strategies
Riddle of the brands: the secret formula of kudos subscription
The value of a firm’s brand is tough to put a figure on, but a system used by other industries claims to be able to do just that.
Too many chiefs? subscription
Freshfields has created yet another corporate management role
A raft of firms won roles advising on the establishment of a UK start-up designed to produce energy from organic waste.
White & Case puts partner billing in the spotlight subscription
White & Case is set to crack down on partner performance by stepping up its emphasis on partners hitting billable hours targets.
The Ministry of Justice has confirmed the appointment of Mr Justice Charles as a president of the Upper Tribunal.
Freshfields creates role of London M&A head subscription
Freshfields Bruckhaus Deringer has introduced the role of London M&A head, appointing former Asia managing partner Simon Marchant and TMT co-head Ben Spiers.
Former Proskauer Rose funds partner William Yonge has joined Morgan Lewis & Bockius’s London office in the latest in a string of moves in the City funds market.
Jones Day hires ex-Lovells restructuring partner subscription
Jones Day has hired former legacy Lovells restructuring partner Matthew French from Nomura, where he held a senior M&A role.
Kirkland & Ellis’s London team has won its first corporate role acting for private equity house Cinven after winning the client from Ashurst.
Linklaters corporate partner takes role at Milbank subscription
Linklaters corporate partner Mark Stamp is leaving the firm to join US firm Milbank Tweed Hadley & McCloy.
Clifford Chance revamps partnership council subscription
Clifford Chance has reshuffled its partnership council, with Dubai banking partner Robin Abraham and Italian banking partner Giuseppe De Palma winning new places.
Linklaters is understood to be in tie-up talks with Slaughter and May’s Australian best friend Allens Arthur Robinson (AAR), The Lawyer can reveal.
Freshfields Bruckhaus Deringer has appointed London dispute resolution partner Jonathan Isted as joint head of its consumer and healthcare sector group.
Even US firms leave associates cold subscription
Bonus freeze hits ’New York rates’ in London
UK firms’ funds work slips away subscription
US firms in London grab lucrative contracts from silver circle
Uncomfortable chair vote subscription
Norton Rose partners force extension to nomination period for chairman
Weil Gotshal & Manges’ new City funds team has snatched a role for private equity giant BC Partners on its $8.6bn (£5.5bn) fundraising, one of the firm’s first major funds mandates since its four-partner raid on Clifford Chance last year.
Clifford Chance and Lawrence Graham (LG) have won roles advising on Royal Dutch Shell’s £992m bid for Africa-focused oil and gas group Cove Energy.
A former Macfarlanes partner has been freed from jail a month into his one-year sentence for drink-driving.
Freshfields Bruckhaus Deringer, Hogan Lovells and SJ Berwin won mandates on Westfield’s sale of its share of three non-core shopping centres to Hermes Real Estate, in which the property fund manager acquired Westfield’s half share in the £400m portfolio covering complexes in Belfast, Guildford and Tunbridge Wells.
Field Fisher hires Wedlake Bell corporate chief subscription
Field Fisher Waterhouse (FFW) has hired Wedlake Bell corporate partner and practice head Tim Bird.
Sidley Austin has hired Linklaters partner Stephen Blackshaw for its City corporate practice.
Osborne Clarke’s Spanish alliance member has launched in Madrid with a five-partner team in a move that almost doubles the size of the firm.
Wright Hassall launches sports management business subscription
Midlands firm Wright Hassall has launched a sports management arm for professional athletes and snared an Aston Villa player as its first client.
SJ Berwin dangles Asia MP role as recruitment carrot subscription
SJ Berwin has decided to retire its Asia managing partner position temporarily and hold it back to lure in a senior hire in the region.
Freshfields Bruckhaus Deringer has moved to strengthen its Asian disputes practice by sending two of its most senior litigation and arbitration partners to Hong Kong.
Kirkland joins advisers moving in on Misys subscription
Kirkland & Ellis has snatched a role for a US private equity group muscling in on banking software company Misys’ agreed merger with Swiss rival Temenos.
SJ Berwin is set to vote on major changes to its partnership deed under which members’ rumuneration will better reflect their ability to refer work across the firm.
Texan firm Locke Lord has voted to change its partnership agreement to allow London partners to sit on its management boards following a seven-partner City launch.
Our roundup of the biggest deals so far of 2012 points to healthy activity.
Number crunching: Norton Rose subscription
The all-singing, all-dancing Norton Rose global network has held up well in international corporate work, especially since mergers in Australia, Canada and South Africa gave it access to key energy and resources markets.
Linklaters is taking its firmwide managing partner election to its annual partnership conference after incumbent Simon Davies failed to obtain enough votes for re-election.
SJ Berwin litigation partner Hilton Mervis has decided to have a second stab at winning a managerial role by standing against favourite Stephen Kon in the firm’s upcoming senior partner vote.
Clifford Chance has become the first foreign law firm to submit a preliminary application to launch an office in South Korea, with the magic circle firm potentially opening in the country this year.
Eight partners and former partners of Field Fisher Waterhouse (FFW) are set for a payment of roughly £35,000 each when the lease ends on the premises of a media boutique it took over in the 1990s.
Norton Rose hands second term to chairman Parish subscription
Norton Rose has re-elected Stephen Parish as chairman of its LLP after a three-year term in the role.
Salans and SNR Denton are in talks over a potential tie-up that would create a transatlantic giant with a combined turnover in the region of £760m.
Ropes & Gray is set to become the latest US firm to launch a London funds team with the hire of White & Case partner and practice head Matthew Judd.
Salans consumer finance partner Bill McCaffrey is set to surface at CMS Cameron McKenna after originally resigning to join US firm Locke Lord.
Mandates minefield subscription
When clients get together, who gets the work?
BT has given Bird & Bird, CMS Cameron McKenna and Freshfields Bruckhaus Deringer an extra year on its commercial panel before it carries out a review originally due for next month.
Herbert Smith plans triple German launch in 2013 subscription
Herbert Smith is set to launch in Germany in early 2013, with Frankfurt, Düsseldorf and Munich top of the agenda.
Former England manager Fabio Capello’s employment contract probably entitled him to select the team captain, according to a London sports lawyer.
A&O and Herbies lead on major software merger subscription
Allen & Overy (A&O), Herbert Smith and Swiss firm Homburger have won lead roles on the proposed £2bn merger of Misys and Temenos, two major European banking software companies.
Manches sues celebrity chef's wife for unpaid fees subscription
Manches is claiming over £200,000 in unpaid fees from the wife of celebrity chef Marco Pierre White after she instructed the firm on the couple’s divorce.
Ashurst’s highest-earning partner took home £1.052m in the 2010-11 financial year, marginally down on last year’s figure, according to the firm’s latest LLP accounts.
Parabis plans acquisitions with private equity cash subscription
Insurance firm Parabis Group is set to receive a £50m war chest to fund up to five acquisitions by the end of this year through an investment from private equity house Duke Street.
Hogan Lovells and SJ Berwin advise on Parabis deal subscription
Hogan Lovells and SJ Berwin are understood to have won roles advising on the acquisition of a stake in insurance law firm Parabis Group by Duke Street.
Freshfields: jolly good sports subscription
Firm has made the most of its close association with London 2012
Field Fisher Waterhouse (FFW) has made two London lawyers redundant in the firm’s public and regulatory group following a consultation period.
Numis Securities GC: Battle star subscription
The few remaining mid-market brokers are locked in a fight for clients and investors - just ask Michael Lee, general counsel at Numis Securities
Weight Watchers has appointed a new high-level in-house lawyer to focus on matters outside of the US with the hire of ISS UK general counsel Richard Reade.
SJ Berwin senior partner Jonathan Blake has decided not to stand for re-election, with competition head Stephen Kon tipped as his replacement.
Taylor Wessing is planning to spin off its in-house due diligence division in a deal that could raise £5m for the firm.
Norton Rose takes currency bets with £55.6m loan subscription
Norton Rose borrowed £55.6m in the 2010-11 financial year while its net debt increased by £9.7m, the firm’s latest LLP accounts show.
US firms Fenwick & West and Simpson Thacher & Bartlett have won the key roles advising on Facebook’s long-awaited IPO.
Freshfields Bruckhaus Deringer and Linklaters have won lead roles on the potential $82bn (£51.8bn) merger of mining giants Glencore and Xstrata, a groundbreaking transaction in the resources industry.
McGuire Woods picks up Norton Rose corporate partner subscription
Norton Rose corporate partner Simon Cox is leaving the firm to join US outfit McGuire Woods’ London office.
Hogan Lovells loses ECM head to Latham & Watkins subscription
Latham & Watkins has hired Hogan Lovells corporate partner Richard Brown for its City office.
Ashurst chief Bromwich to step down six months early subscription
Ashurst managing partner Simon Bromwich is set to stand down in May and will take over the role of head of litigation.
Linklaters picks Gray as new leveraged finance chief subscription
Linklaters has appointed former Freshfields Bruckhaus Deringer partner Brian Gray as co-head of its leveraged finance practice, replacing global banking head Gideon Moore.
Expedia is currently without a legal head after European general counsel Keith Krasny left the online travel booking operator.
LG and Macfarlanes have won advisory roles on the sale of Russell Jones & Walker (RJW) to listed Australian firm Slater & Gordon.
GDF Suez has not appointed Clifford Chance to its inaugural legal panel, despite the magic circle firm’s relationship with the energy giant’s £17bn tie-up partner International Power.
What’s in a domain name? Everything or nothing, it seems.
It says plenty about Britain that most of the public buzz around Sir Fred Goodwin is about the threat to his knighthood.
Stocks and ’mares subscription
IPOs may often land new clients but they don’t bring in much money and can also fail altogether. Are they worth the bother?
Norton Rose has appointed local ‘champions’ as go-to people for partners around the world if they need someone to work on a deal with.
Linklaters won the lead role advising China Investment Corporation (CIC) on its acquisition of a stake in Thames Water’s parent company Kemble Water.
Macfarlanes is set to second a partner to Slaughter and May’s Chinese best friend as part of a move to strengthen its relationship with the firm.
Osborne Clarke has elected two corporate partners as new heads of its London and Thames Valley offices after contested elections in both locations.
Field Fisher Waterhouse (FFW) is set to scrap its senior partner position and introduce an elected supervisory board to keep management in check as part of a wholesale overhaul of the way the firm is run.
Freshfields Bruckhaus Deringer’s turnover dropped nearly 4 per cent in the 2010-11 financial year, audited figures show.
Germany's Luther launches City office subscription
German independent Luther is launching a representative office in London, joining a number of other German firms present in the UK
SJ Berwin is set to lose its grip on one of its biggest-billing clients following the defection of a two-partner funds team to Proskauer Rose.
Macfarlanes bolts on boutique in funds boost subscription
Macfarlanes has made a significant addition to its funds practice with the hire of a nine-strong team from a West End hedge fund boutique.
Linklaters’ partnership restructuring is set to be more widespread than previously thought, with partners higher up the food chain now bracing themselves for a cull.
Land of opportunity? subscription
British Land wants thoroughly modern relationships with its advisers
Number crunching: Barclays subscription
Barclays might have one of the biggest bank panels in the world, but that doesn’t prevent it from having close relationships with select firms.
Linklaters managing partner Simon Davies is set to stand uncontested for re-appointment after the deadline for challengers’ nominations passed.
SJ Berwin is set to make a further addition to its energy and infrastructure practice with the hire of Greenberg Traurig Maher (GTM) partner Stuart Jordan.
Ashurst is set to lose heavyweight City projects partner John Inglis to Shearman & Sterling in a move by the US firm to bolster its energy and resources practice.
Taylor Wessing adds Orrick partner to finance team subscription
Taylor Wessing has boosted its finance practice with the hire of Orrick Herrington & Sutcliffe partner Elisabeth Gaunt.
Gateley raids Cobbetts for Leeds launch subscription
Regional firm Gateley has raided the Leeds office of Cobbetts to launch in the Yorkshire city, hiring two partners, one in restructuring and one in disputes.
Number crunching: Blake Dawson subscription
Now for one of those factoids that everyone assumes is true: Ashurst’s merger with Australian firm Blake Dawson is all about energy and infrastructure.
Burges Salmon spent £9.7m on its new offices in the 2010-11 financial year, hiking the total cost of its move to Bristol’s Temple Quay to £20.7m.
Nabarro real estate partner quits for Norton Rose subscription
Another Nabarro real estate partner has left the firm, with Neil Biswas resigning to join Norton Rose.
Reed Smith has made up two energy partners and two shipping partners in London as part of a 22-strong global round of promotions.
Skadden Arps Slate Meagher & Flom has turned to a US rival Weil Gotshal & Manges for a London restructuring hire, scooping partner Dominic McCahill.
Ropes & Gray has boosted its London corporate real estate practice with the hire of former Clifford Chance partner Iain Morpeth.
Stephenson Harwood builds up with Nabarro hire subscription
Stephenson Harwood has further boosted its real estate practice with the hire of Nabarro partner James Trundle.
SJ Berwin adds GTM partner to City energy team subscription
SJ Berwin has moved to bolster its energy practice with the hire of a senior City lawyer from Greenberg Traurig Maher (GTM) as part of the recruitment of four partners across Europe.
Taylor Wessing has beefed up its data protection practice with the hire of Vinod Bange as a partner from Speechly Bircham.
RPC opens in Bristol following raid on Camerons subscription
Reynolds Porter Chamberlain (RPC) has formally launched in Bristol with 18 lawyers from CMS Cameron McKenna, with the full extent of the firm’s raid on the City firm now revealed.
New Corporation is close to appointing a senior Washington DC litigator as its new general counsel, some six months after the previous legal head stood down.
Herbert Smith and its former European alliance partners suffered a considerable drop in their share of the M&A market in 2011, new data shows.
The magic circle duo dominate the list of Goldman Sachs’ ECM advisers - and when they’re not acting for the banks they’re likely to be found on the issuer side instead.
Gleiss in government negligence case subscription
Advice for a previous German federal state government comes back to haunt Gleiss
Number crunching: Numis Securities subscription
Mid-market equity capital markets brokers tend to spread their mandates quite evenly, so it is hardly surprising that no single firm stands out on inspection of City investment bank Numis Securities’ recent deal list.
Opportunist knocks SJ Berwin subscription
Reed Smith’s corporate hires signal renewed City push
Shearman & Sterling former London managing partner Kenneth MacRitchie is set to leave the firm to join UK Green Investments (UKGI) as general counsel.
Macfarlanes and Travers Smith have won roles on the long-awaited takeover of London mid-cap stockbroker Collins Stewart Hawkpoint by Canadian bank Canaccord Financial.
A former Macfarlanes partner who recently resigned from the firm’s LLP has been found guilty on two counts of drink-driving and two further charges and has been taken to hospital before being sentenced in January.
Former Macfarlanes partner Francis Bridgeman is alleged to have lied to police that he had been kidnapped in order to get out of a drink-driving charge, a court has heard.
Weil Gotshal taps Gide for Paris finance partner subscription
Weil Gotshal & Manges has bolstered its Paris practice with the hire of Gide Loyrette Nouel partner David Malamed.
Osborne Clarke has posted a 10 per cent increase in turnover for the first half of the 2010-11 financial year.
Former SJ Berwin managing partner candidate Perry Yam has quit the firm to join Reed Smith in one of the longest-awaited moves in the City legal market.
A&O, CC, Freshfields: no Links-style cull subscription
Allen & Overy (A&O), Clifford Chance and Freshfields Bruckhaus Deringer have vowed not to carry out a partnership cull in response to the latest downturn.
Allen & Overy (A&O), Clifford Chance and Freshfields Bruckhaus Deringer have vowed not to carry out a partnership cull in response to the latest downturn, as it emerges that Linklaters is set to cull over 30 partners globally as part of its biggest restructuring in three years
Manches construction head moves to Taylor Wessing subscription
Taylor Wessing has made its second construction hire this year with the scoop of partner Joanne Kelly from Manches, where she formerly headed the firm’s London construction practice.
Linklaters is set to cull over 30 partners across the network as part of the firm’s biggest round of layoffs since the New World restructuring in 2009.
Co-op set to become ABS pioneer subscription
Co-operative Legal Services (CLS) has announced that it intends to apply to become an alternative business structure (ABS) on 3 January, the day on which the Solicitors Regulatory Authority (SRA) finally begins accepting applications.
Herbert Smith is set to kickstart its international strategy following the collapse of its European alliance by launching in New York, with openings in Korea and sub-Saharan Africa also in the pipeline.
Camerons duo quit firm to launch tax boutique subscription
Two CMS Cameron McKenna partners have left the firm to launch a West End tax boutique.
Ex Dundas & Wilson energy head joins Bird & Bird subscription
Former Dundas & Wilson infrastructure head Andrew Renton has resurfaced at Bird & Bird after leaving the Scottish-headquartered firm in October.
US firm Greenberg Traurig is set to become the first foreign law firm to open an office in Israel staffed by full-time lawyers after announcing a launch in Tel Aviv.
Allen & Overy (A&O) and Californian firm Fenwick & West won key roles alongside a raft of firms in the US and Europe on software maker SAP’s $3.4bn (£2.2bn) acquisition of cloud-based human resources provider SuccessFactors.
Reed Smith has continued its hiring spree with the arrival of Holland & Knight’s Abu Dhabi managing partner Donald Moore.
Chinese firm King & Wood has voted in favour of merging with Australian firm Mallesons Stephen Jaques, giving the green light for the deal to go ahead next year.
Ashurst is set to deploy rail head Lee McDonald and a City finance partner to Australia as part of its merger with local firm Blake Dawson, after deciding against sending infrastructure star Logan Mair Down Under.
Clifford Chance has beamed itself into the intergalactic market by winning a role on the establishment of an organisation that could help uncover secrets about life beyond Earth.
UK firm in discussions with Beijing’s Broad & Bright in wake of Mallesons-King & Wood deal
Influential IP boss quits FFW board subscription
Field Fisher Waterhouse (FFW) IP/IT head Mark Abell has resigned from the firm’s management board in a move seen as representing a loosening of the practice’s grip on the firm.
Macfarlanes gets BATS green light on Chi-X buy subscription
Slaughter and May and Macfarlanes have secured competition clearance for the takeover of Chi-X Europe by US exchange BATS Global Markets after originally winning corporate roles on the deal.
Norton Rose chief executive Peter Martyr was re-elected for a three-year term in an uncontested vote in July, it has emerged.
Ashurst has created the role of global human resources (HR) director in a move to formalise the firm’s international HR operations.
Linklaters’ top-earning partner in the 2010-11 financial year took home £2.2m, the firm’s latest LLP accounts show.
Hogan Lovells has hired an IP partner in Shanghai to bolster its Chinese practice.
Stephenson Harwood is set to launch on the ground in Indonesia through a tie-up with local firm Christian Teo Purwono & Partners.
The highest-earning partner at Holman Fenwick Willan took home £1m in the 2010-11 financial year, the firm’s LLP accounts have revealed.
Martineau has posted a 7 per cent turnover hike for the first half of the 2011-12 financial year as it gears up for a merger with Sprecher Grier Halberstam.
CMS Cameron McKenna partners have re-elected Duncan Weston as managing partner following a vote on Friday (25 November).
Herbert Smith’s plans for a German launch following the collapse of its alliance with Gleiss Lutz face delay due to a 12-month non-compete clause in the alliance agreement.
Will Macquarie panel solve mandate mystery? subscription
Baker & McKenzie, Clifford Chance, Freshfields all in the running to win coveted places on the inscrutable bank’s first-ever legal roster. By Joshua Freedman
Financial Services Authority (FSA) lawyer Sarah Clarke is returning to the bar to join 3 Serjeants’ Inn.
Orrick Herrington & Sutcliffe is set to start its recovery in the City with the hire of corporate partner Anthony Riley from Norton Rose.
Field Fisher Waterhouse (FFW) is bracing itself for a string of redundancies as it emerges that the firm is in consultation with four lawyers in the public and regulatory group and has terminated the contracts of several fee-earners in the team.
Slaughter and May’s German best friend Hengeler Mueller is set to roll out a more flexible part-time working scheme that will allow both male and female equity partners to reduce their working hours.
Stephenson Harwood has posted a turnover rise of 3.6 per cent to £51.4m for the first half of 2011-12.
Herbert Smith is set to end its alliance with German firm Gleiss Lutz and Benelux firm Stibbe after the European outfits voted against a merger.
Clydesdale Bank and Yorkshire Bank have rolled out a reviewed set of regional legal panels following a revamp of their national rosters earlier this year.
SJ Berwin posts flat revenues at half-year stage subscription
SJ Berwin has announced static turnover for the first half of the 2010-11 financial year, with total fees billed coming in at £84m, the same figure as last year.
Mallesons Stephen Jaques and King & Wood are are likely to target further deals if their proposed merger wins the backing of their respective partnerships.
Legal process outsourcer Global BPO has hired former Charles Russell managing partner James Holder as chairman of the company.
Ashurst partner Alex Cunliffe has become the latest member of the firm’s real estate and construction teams to leave the City outfit.
The Law Society spent roughly £150,000 on shutting down the website Solicitors from Hell but faces a latest setback as it has emerged that similar websites attacking UK firms are appearing online, with some said to be hosted abroad to protect them from the British authorities.
Herbert Smith has admitted it is considering what will happen next with its European alliance after German firm Gleiss Lutz and Benelux firm Stibbe rejected a merger proposal.
All-female line-up put forward after UK firm pushes for more diverse management board
Focus: Legal Process Outsourcing - Distance earning subscription
LPO is booming, but as a new report highlights, there is more to consider when going outside than cost savings
Linklaters and in-house lawyers at Rabobank advised on the first tier-one bank bond compliant with Basel III since the new regulatory regime came in.
Virgin Media GC: Piece work subscription
Virgin Media’s quest to install a top-class transatlantic advisory panel is putting general counsel Scott Dresser’s problem solving credentials to the test. By Joshua Freedman
White & Case is planning an overhaul of its offshore operations that would see it transfer much of its business services to Eastern Europe and pilot legal process outsourcing (LPO) in its Philippines base.
HP unveils new-look global legal panel subscription
Baker & McKenzie, Cleary Gottlieb Steen & Hamilton, Cravath Swaine & Moore, Freshfields Bruckhaus Deringer and Gibson Dunn & Crutcher, have won roles on Hewlett-Packard’s (HP) new global panel of external advisers.
Taylor Wessing has elected real estate partner Adam Marks as senior partner to replace Martin Winter, who has stood down after six years at the helm.
Clifford Chance and Freshfields Bruckhaus Deringer won advisory roles on the management buyout of Barclays Bank’s private equity arm.
Camerons augments Integreon tie with HR hire subscription
CMS Cameron McKenna has appointed a former colleague of DLA Piper senior partner Tony Angel as director of people to manage the relationship with its HR operation, which has been outsourced to Integreon.
Clifford Chance, SJ Berwin and SNR Denton won roles on the joint acquisition and redevelopment of an office site in the heart of the City.
Macquarie to name first panel outside Australia subscription
Aussie bank to set up dedicated roster as subsidiaries come of age
Stephenson Harwood acts for new US client subscription
Stephenson Harwood has scooped a new corporate client, winning work from New York-listed Duff & Phelps opposite Eversheds on the financial adviser and investment bank’s biggest non-US acquisition yet.
Former Slaughter and May tax partner Richard Carson is poised to resurface at Taylor Wessing after retiring from the magic circle firm in April.
Half-year revenues up 12 per cent at Ashurst subscription
Ashurst’s half-year financial results have shown a 12 per cent firmwide increase in turnover on the same period last year and a 2 per cent increase in average partner count.
German shipping boutique Ehlermann Rindfleisch Gadow (ERG) has launched in London with the hire of a partner from Watson Farley & Williams.
Macfarlanes and Slaughter and May have won key roles advising on Anglo-French electrical goods retailer Kesa’s sale of its 250 Comet stores to private equity house OpCapita.
Camerons loses pensions partner to Osborne Clarke subscription
Osborne Clarke has hired CMS Cameron McKenna pensions partner Keith Webster for its Bristol practice.
Co-op gets the ABS ball rolling with new recruits subscription
The Co-operative’s hire of three senior family lawyers as directors to kick-start its conversion to an alternative business structure (ABS) (TheLawyer. com, 2 November) could be the first of many such launches in the consumer sector.
Three partners have left Taylor Wessing in the latest string of departures from the City firm.
O’Melveny & Myers has won a role on popular digital filesharing business Dropbox’s latest major fundraising, aimed at allowing the Californian upstart to compete with Apple and Google in the cloud computing sphere.
UK firm falls prey to US outfit as banking and real estate chiefs lead seven-partner defection
SJ Berwin: we’ll be a finance firm by 2015 subscription
SJ Berwin is planning to reposition itself as a finance firm within three years and aims to double the partner count in its City finance team.
US firms dominate Virgin Media panel subscription
Latham & Watkins, Linklaters and Sullivan & Cromwell are among seven firms to gain new work from Virgin Media as part of the telecoms company’s first external legal panel.
The Co-operative is set to enter the family law market with the hire of a partner duo from London firm TV Edwards, including the firm’s managing partner Jenny Beck.
Ashurst and Weil Gotshal & Manges have won key London roles after broker MF Global filed for Chapter 11 bankruptcy protection in the US and went into administration in the UK.
Ashurst restructuring partner quits for Kaye Scholer subscription
Ashurst restructuring partner David von Saucken is leaving to join US firm Kaye Scholer, splitting his time between London and Frankfurt.
The abandonment of security giant G4S’s acquisition of ISS and a related £2bn rights issue has hit Herbert Smith, Linklaters, Norton Rose, Slaughter & May and Danish firm Bruun & Hjejle, all of which had roles on the deal.
Slaughter and May has cut the size of the bonus it pays to trainees as part of a salary review that sees associate pay rates frozen.
A&O’s National Grid panel win pays off subscription
Allen & Overy (A&O) acted on its first instruction for National Grid since its appointment to the power giant’s revamped legal panel earlier this year.
Ashurst, Cleary Gottlieb Steen & Hamilton and Linklaters are understood to be among the firms to win roles on the bidding process for frozen food operator Iceland Foods - leveraging off their relationships with supermarkets, private equity houses and the failed Icelandic banks.
Linklaters snares first fundraising role for Cinven subscription
Linklaters’ funds team has secured its first key role on a fundraising for private equity house Cinven after winning the client from Ashurst.
Memery Crystal holds fast to top AIM ranking subscription
Memery Crystal has retained its position as the top firm for the number of Aim-listed clients, holding on to the position it won for the for the first time the previous quarter.
Slaughters ponders enhanced LPO options subscription
Slaughter and May is considering northshoring and farming work out as it identifies its legal process outsourcing intentions.
Weil wins struggle for CC funds lawyer subscription
Weil Gotshal & Manges has won the battle to hold on to star funds associate Stephen Fox after a secondment at private equity house Apax Partners threatened to stall his move from Clifford Chance to the US firm.
Linklaters’ funds team has won its first key role on a fundraising for private equity house Cinven after winning the client from Ashurst.
Former 3i GC takes on role at City of London Group subscription
City of London Group (COLG) has appointed former 3i Group general counsel Tony Brierley as a non-executive director.
Jones Day aids Alcuin on Krispy Kreme buy subscription
Jones Day lined up opposite Macfarlanes and Shoosmiths advising on the £25m acquisition of the UK business of Krispy Kreme by private equity house Alcuin Capital Partners.
Mates’ rates: how to get ahead in exchange work subscription
Stock exchange work can be a slow burner, but the mandates can be lucrative for the firms in the know, says Joshua Freedman
Herbert Smith, Norton Rose, Slaughter & May and Danish firm Bruun & Hjejle have won roles advising on G4S’s £5.2bn acquisition of cleaning and security group ISS from private equity houses EQT and Goldman Sachs Capital Partners.
Quinn Emanuel Urquhart & Sullivan has vowed to fight an attempt by Bank of America (BoA) to boot the US firm off its $10bn (£6.3bn) litigation with insurer AIG over an alleged conflict of interest.
Herbert Smith, Norton Rose, Slaughter & May and Danish firm Bruun & Hjejle have won roles advising on G4S’ £5.2bn acquisition of cleaning and security group ISS from private equity houses EQT and GS Capital Partners.
Hogan Lovells, Olswang, SJ Berwin and Travers Smith won advisory roles on BBC Worldwide’s £121m sale of magazine titles including Radio Times and Top Gear to Exponent Private Equity.
Links dismisses talk of employment group rift subscription
Employment and incentives may not be the words that get most people’s hearts pumping, but for Linklaters the practice area has been a source of strife of late.
Taylor Wessing ready to go Dutch subscription
Taylor Wessing is turning its attention to the Netherlands and aims to have a presence in the country by this time next year.
Ashurst partner Michael Madden has joined US firm Winston & Strawn as head of its commercial litigation practice in London.
Taylor Wessing launches LGBT property network subscription
Taylor Wessing has launched a network for lesbian, gay, bisexual and transgender (LGBT) people working in the property industry.
Ashurst litigation trio Michael Madden, Arundel McDougall and Wilson Thorburn are set to leave the firm, with practice head Madden believed to be joining another firm in the City, McDougall retiring from the partnership and Thorburn heading off to join JPMorgan.
Taylor Wessing has hired Edwin Coe’s hotels and hospitality head Ronald Graham as it aims to strengthen its hotels group.
Camerons associates score Swiss MBA slots subscription
CMS Cameron McKenna has awarded three associates places at the IMD business school in Lausanne, Switzerland as part of its associate appraisal scheme.
A host of firms won roles advising on the £282.5m refinancing of hotel chain Malmaison.
Clifford Chance finally exhausts £26m special fund subscription
A pot of nearly £26m used to finance Clifford Chance’s partnership restructuring has at last run out, eight years after it was made available.
Linklaters sends Middleditch to HK to shore up Asia subscription
Linklaters has turned to the strategy of deploying senior relationship partners to emerging markets, sending three seasoned corporate rainmakers to Asia.
Links plugs employment team gap subscription
Linklaters has reshaped its employment and employee incentives practice following the departure of global practice head Janet Cooper.
Macfarlanes wins role on latest Trafigura job subscription
Macfarlanes successfully pitched to win a role advising Trafigura opposite Norton Rose on the disposal of a stake in Puma Energy International.
Norton Rose Canada tie-up promises global push subscription
Two Canadian mergers in the space of a year says a lot about a firm’s plans for North America.
The imminent merger between Clyde & Co and Barlow Lyde & Gilbert (BLG) faces a snag as the firms have delayed signing the agreement.
Norton Rose is to gain a presence in South America for the first time after confirming its merger with Canadian outfit Macleod Dixon.
US-headquartered bank Moelis & Company has hired former Linklaters senior partner David Cheyne in a high-level business development and advisory role.
Weil Gotshal & Manges’ new City funds team may have to start life without star associate Stephen Fox if the Clifford Chance hire does not return from a secondment at Apax Partners.
Ashurst, Clifford Chance and Freshfields Bruckhaus Deringer have won key roles advising on the takeover of clearing house LCH.Clearnet.
Uncertain times cast doubt on corporate growth subscription
Big deals remain few and far between as the Greek crisis hits corporate hard.
Ashurst loses NY finance partner to Jones Day subscription
Jones Day has hired Ashurst partner Alice Yurke for its New York finance practice.
Osborne Clarke has shored up its London team with the hire of two lawyers as partners and two as consultants.
Outgoing Linklaters senior partner David Cheyne will stand down as a partner of the firm and continue as a consultant when his term at the helm comes to an end this month.
SJ Berwin has made up four funds partners to plug the gap left following the exit of partners Nigel van Zyl and Oliver Rochman to Proskauer Rose.
Stephenson Harwood has turned to Ashurst again for a City hire, snatching employee incentives partner Barbara Allen.
Ashurst has confirmed a tie-up with Australian independent Blake Dawson that will see the firms combine their Asian operations early next year and merge by 2014.
Links, Slaughters lead on De Beers’ Botswana move subscription
Linklaters and Slaughter and May took the lead roles advising on an agreement between the world’s largest producer of diamonds and the government of Botswana.
Norton Rose lures Links employment specialist subscription
Norton Rose has hired Linklaters employment partner Catrina Smith, filling the gap left by the departure of former practice head Peter Talibart.
Corporate partner Neil Foster is leaving Field Fisher Waterhouse (FFW) to joins Baker Botts, becoming the latest in a string of partners to leave the UK firm this year.
Ashurst corporate partner Alastair Holland has taken over as the firm’s Abu Dhabi managing partner following the transfer of energy partner David Wadham to London.
Australian firm Minter Ellison teamed up with Indian independent Amarchand Mangaldas to advise opposite Clifford Chance on GVK Group’s $1.26bn (£807m) acquisition of a majority stake in Australian coal mines owned by Hancock Group.
Dewey moves in on Orrick's City restructuring team subscription
Dewey & LeBoeuf has continued its raid on Orrick Herrington & Sutcliffe’s London restructuring team following the recent hire of two partners from its US rival.
Skadden Arps Slate Meagher & Flom is launching a City funds practice with the hire of partner Stephen Sims from Macfarlanes.
Olswang has become the first firm to sign up to a pilot scheme run by Acculaw, a business that will recruit its own trainees and second them to firms.
Thirteen members of the Norton Rose retail leasing team including partner Cameron Cooling have left the firm’s Australian real estate team for independent outfit Gadens.
Four insurance and reinsurance partners are set to leave the Bristol office of CMS Cameron McKenna in a mass defection to Reynolds Porter Chamberlain (RPC).
Private equity house Advent International has hired Weil Gotshal & Manges private equity co-head James Westra as managing director and chief legal officer.
Betfred has turned to Freshfields Bruckhaus Deringer’s competition team as the Office of Fair Trading (OFT) considers referring the bookmaker’s £265m acquisition of the Horserace Totalisator Board (the Tote) to the Competition Commission (CC).
Dundas and Eversheds prime Clyde pumps sale subscription
Dundas & Wilson and Eversheds snatched the lead roles as Scotland’s richest man sold a heavy pumps maker for £750m just four years after acquiring it for £45m.
Taylor Wessing has launched a Brazil group run out of Hamburg and London to focus on the dealflow between Brazil, Europe, China and India, and has hired a senior counsel from a São Paulo firm to co-head the practice.
Travers adds a year to full equity path subscription
Travers Smith has increased the number of years salaried partners have to spend in the role before they become full equity partners.
Ashurst loses second energy partner in a month subscription
Ashurst equity partner Louise Eccleston has left the firm to return to Australia, becoming the firm’s second energy partner in less than a month to head down under.
Brabners corners football transfer market subscription
Sports lawyers were waiting up for the UK football transfer window to close last night as the final touches were made to last-minute deals.
Taylor Wessing has signed an alliance with Singapore firm RHT Law as part of the City firm’s expansion project in Asia.
The mass exodus from Hogan Lovells in Germany has continued with the departure of a team of 13 Hamburg-based media lawyers to Bird & Bird.
CC appoints new Tokyo corporate head subscription
Clifford Chance has shipped Hong Kong partner Andrew Whan into the firm’s Tokyo office as local head of corporate/M&A to replace Alan Kitchin, who has left the magic circle firm.
Norton Rose in four-partner Oz swoop subscription
Norton Rose has scooped three partners from Australian firm Clayton Utz and one from an in-house position as it beefs up its capacity down under.
Burges Salmon has beefed up its agriculture offering by netting farming litigator Kevin Kennedy from Clarke Willmott.
Goldman Sachs chief executive Lloyd Blankfein has instructed Steptoe & Johnson’s white-collar defence team as pressure mounts over allegations that the bank misled clients before the financial crisis hit.
Slaughters advises on another Arsenal transfer subscription
Arsenal Football Club has turned to Slaughter and May once again for the transfer of midfield player Samir Nasri to Manchester City.
A raft of US firms lined up alongside Clifford Chance to advise on a €393.5m mezzanine loan issued by Swedish alarm maker Securitas Direct to fund its buyout by two private equity houses.
Ecclestone returns to Withers for QPR stake sale subscription
Queens Park Rangers shareholder Bernie Ecclestone has turned to Withers for advice on the sale of his stake in the Premier League football club to Tony Fernandes.
Norton Rose revamps Australian management subscription
Norton Rose has appointed employment partner Wayne Spanner as the new head of its Australian operations.
Allen & Overy, Hogan Lovells and Australian firm Arthur Allens Robinson have been retained as advisers on SABMiller’s takeover bid for Foster’s, which went hostile today.
Bredin Prat and Vinson & Elkins lined up alongside Linklaters on the proposed €2.3bn acquisition of a stake in GDF Suez by China Investment Corporation (CIC).
Linklaters' HR director to retire from firm subscription
Linklaters is to lose a second senior member of its HR team, with HR director Jill King set to leave the firm at the end of October.
Arsenal turns to Slaughters for Fàbregas sale subscription
Slaughter and May partner Andrew Jolly has advised Arsenal Football Club on the sale of captain Cesc Fàbregas to FC Barcelona.
Cleary Gottlieb Steen & Hamilton, Wachtell Lipton Rosen & Katz and Dewey & LeBoeuf snatched lead advisory roles in Google’s $12.5bn (£7.7bn) acquisition of Motorola Mobility.
Squire Sanders Hammonds has bolstered its Birmingham corporate offering with the hire of Edward Dawes from Wragge & Co.
Clifford Chance sends NY high yield partner to City subscription
Clifford Chance has beefed up its London high yield practice with the relocation of a partner from its New York office.
Freshfields Bruckhaus Deringer has been instructed to advise Tesco as the retailer fights a fine of £10m imposed by the Office of Fair Trading (OFT) over alleged price-fixing.
Ashurst energy partner heads down under to AAR subscription
Ashurst energy partner Anthony Patten has left the firm to return to Australia, where he will join the Perth office of Allens Arthur Robinson (AAR).
Ashurst demotes seventeen in lockstep overhaul subscription
Seventeen Ashurst partners were moved down the firm’s lockstep in the last financial year, while the number of partners at the top of equity almost trebled.
Tables show firms AIM to make good friends subscription
Firms hope AIM clients will stay true as they move on, but not all do. Joshua Freedman looks at the latest rankings
Taylor Wessing eyes HK, Singapore tie-up prospects subscription
Taylor Wessing is pressing ahead with plans for offices in Hong Kong and Singapore, and has sent delegations to the jurisdictions in its search for a merger partner.
US pair scout City for London launches subscription
Locke Lord Bissell & Liddell and Troutman Sanders are gearing up for London launches, joining the ranks of US firms intent on conquering the City market.
Linklaters is considering a review of its lockstep that could see partners at the top of equity moved down the scale.
Media specialist Wiggin has bolstered its film and television offering with the hire of a Reed Smith partner and a senior in-house lawyer from Walt Disney Pictures.
Memery Crystal has beaten LG, Norton Rose and Pinsent Masons to storm to the top of a ranking of firms by number of Aim-listed clients for the first time.
Ashurst pushes for ‘yes’ vote on Blakes tie-up subscription
Ashurst is edging closer to a merger with Australian outfit Blake Dawson as the UK firm’s management presses for a vote in early autumn.
Because they’re worth it? Why firms use buy-backs subscription
Buy-backs can be an effective tool to retain partners. But as Joshua Freedman asks: are they just bodge-it jobs?
Proskauer Rose has continued its London expansion with the hire of funds partner Kate Simpson from Kirkland & Ellis.
Norton Rose has announced that it is opening in Casablanca, following a trend set by Allen & Overy (A&O) and Clifford Chance.
Nabarro adds 'softer' element to partner pay subscription
Nabarro has increased its emphasis on soft factors such as keeping clients happy and sourcing new work when slicing up equity to partners.
SJ Berwin loses duo of funds partners to Proskauer subscription
Up-and-coming funds star Nigel van Zyl has quit SJ Berwin for the City firm’s former merger suitor Proskauer Rose, bringing fellow funds partner Oliver Rochman with him.
Baker & McKenzie and Cravath Swaine & Moore have taken lead roles on the multi-billion takeover of chemicals company Nalco Holding Company by Ecolab, a leading developer of cleaning products.
Linklaters has appointed leveraged finance co-head Gideon Moore as global head of banking, replacing restructuring specialist Robert Elliott.
Norton Rose seals triple listing for mining outfit subscription
Norton Rose capitalised on its expansion into Canada and Australia to guide Allied Gold Mining through a triple listing on the London, Toronto and Australian stock exchanges.
Slaughters, Macfarlanes secure Chi-X sale brief subscription
Slaughter and May won a competitive tender to advise alongside Macfarlanes on the acquisition of equity exchange Chi-X Europe by BATS Global Markets.
Linklaters litigation partner John Turnbull has been instructed to advise News Corp’s management and standards committee, which has the mandate to oversee post-Hackgate investigations.
Linklaters corporate partner David Barnes retired at the end of last month following 36 years at the firm.
Allen & Overy (A&O) and Linklaters took the advisory roles in the London IPO of Africa-focused oil and gas company Ophir Energy.
Camerons spurned City for a cheaper address subscription
CMS Cameron McKenna turned down a building in the heart of the legal district for its new City offices in favour of a cheaper alternative in Shoreditch.
Clifford Chance and SJ Berwin scooped headline roles as British Land acquired 17 Virgin Active racket clubs for £179m from health club chain New Esporta Holdings.
Burges Salmon has hired former Clifford Chance partner Kari McCormick for its litigation practice.
Stephenson Harwood has scooped Weil Gotshal & Manges energy and renewables head Andrew McLean for its corporate practice.
Lawyers take fee hit as News Corp abandons BSkyB bid subscription
Competition lawyers advising News Corp on its bid for BSkyB have taken a blow after Rupert Murdoch’s media giant pulled its bid.
Brown Rudnick has hired insolvency partner Adrian Harris from Chadbourne & Parke for its City office.
Linklaters has appointed structured finance and securitisation partner Jim Rice head of its finance and projects division, replacing John Tucker.
Former McDermott partner joins Davenport Lyons subscription
West End firm Davenport Lyons has hired financial regulatory partner Abesh Choudhury, who was formerly at McDermott Will and Emery.
Allen & Overy (A&O), Herbert Smith and Skadden Arps Slate Meagher & Flom have all held on to leading advisory roles as News Corp’s bid for BSkyB heats up.
Big Brother maker plans first roster subscription
Endemol, the company behind Big Brother, is mulling its first external panel amid an in-house personnel change.
Life is Tweet for Ashurst social media junkies subscription
Ashurst has bowed to pressure from the Twitterati in its ranks and lifted a ban on staff using social media websites during work hours.
Swiss duo advise on wealth manager deal subscription
Two Zurich firms advised on the acquisition of an independent wealth manager for high net-worth individuals by a family bank dating back to the 1880s.
Turnover and PEP up at Macfarlanes subscription
Macfarlanes has posted is financial results for the 2010-11 financial year, with turnover increasing 2.5 per cent from £92.4m to £94.7m.
Travers Smith has announced its preliminary financial results for the 2010-11 financial year, with average profit per equity partner (PEP) falling 8 per cent from £705,000 to £650,000.
Freshfields Bruckhaus Deringer and Linklaters have posted their financial results for the 2010-11 year, revealing that the top four UK firms are now neck-and-neck with each other in turnover terms.
SJ Berwin has re-hired real estate partner Michael Scott after he had an 18-month stint at Scottish firm Shepherd & Wedderburn.
Petronas Energy Trading, the European arm of the Malaysian energy giant’s gas trading business, has appointed its first in-house lawyer.
Ashurst has announced a 3.5 per cent increase in turnover for the 2010-11 financial year and a 5 per cent hike in average profit per equity partner (PEP).
Satellite operator Inmarsat has promoted its group general counsel Rupert Pearce to CEO, leaving the company’s senior legal position open.
Norton Rose banking partner Tomas Gärdfors has returned to London after eight years in the firm’s Frankfurt office.
Linklaters has suffered rare partner losses in Germany with the departure of high-flying equity capital markets (ECM) partner Christoph Vaupel.
Clifford Chance has posted a 2 per cent increase in global revenue for the 2010-11 financial year, with the figure rising from £1,197m in 2009-10 to £1,219m.
Clifford Chance funds associates Stephen Fox and David Irvine have quit the firm to join Weil, Gotshal & Manges.
Amsterdam managing partner Martijn Koopal has pulled out of the race to become head of Linklaters’ global banking practice.
CC rallies the troops for massive Asian onslaught subscription
Strategy aims to double Asia and Australasia turnover by 2014
Kirkland, White & Case lead on Securitas sale subscription
Kirkland & Ellis and White & Case snatched key roles advising on EQT Funds’ SEK21 (£2.04m) sale of security products maker Securitas Direct to a private equity consortium.
Volume down, value up subscription
Firms are hunting those few, precious megadeals as rankings show deal numbers are falling. By Joshua Freedman
Sullivan revamps European management team subscription
Sullivan & Cromwell has revamped its European management, appointing one London managing partner in place of the current two.
Nabarro unveils minor drops in turnover and profit subscription
Nabarro has announced a slight drop in revenue and profits for the 2010-11 financial year.
German lawyers urged to claim for 'overtime' subscription
Associates across Germany have been sent a letter from a niche employment firm urging them to claim hundreds of thousands of euros from their employers for overworking them.
Slaughter and May and Linklaters have seen sizeable drops in their share of the UK M&A market, according to figures for the first half of 2011.
DLA hires seven-strong Hogan Lovells Munich team subscription
Hogan Lovells has seen further losses in Germany with the departure of seven Munich lawyers to DLA Piper.
SNR Denton loses funds co-chief to Norton Rose subscription
Norton Rose has hired SNR Denton’s financial institutions and funds co-head as part of an asset-based lending push.
Linklaters and Herbert Smith successfully fought UBS and British Land’s battle against an attempt to grant listed status to the Broadgate Estate, which threatened to scupper the bank’s plans for a move to the City site.
Norway’s Statoil rejigs in-house legal line-up subscription
Norwegian oil company Statoil has revamped its in-house team, appointing SEB Enskilda CEO Hans Henrik Klouman as overall legal head.
SJ Berwin, Nabarro nab £141.5m City property deal subscription
SJ Berwin and Nabarro snatched roles on Invesco Real Estate’s acquisition of Stephenson Harwood’s offices.
Travers Smith called in on Southsea wind-up subscription
Travers Smith has been hired to advise on the liquidation of a small mortgage lender that has become the first British bank to be wound up for more than two years.
Clifford Chance has seen an 8 per cent turnover hike for its German offices for the financial year 2010-11.
Clifford Chance and Slaughter and May snatched lead advisory roles in The Carlyle Group’s £1bn acquisition of RAC from insurance giant Aviva, which was announced today.
Norton Rose creates deputy managing partner role subscription
Norton Rose has introduced a deputy managing partner role, appointing corporate head Tim Marsden to the position as part of a global management overhaul.
Leeds firm Gordons has launched an apprenticeship scheme for school leavers that will enable them to become legal practitioners without going to university.
Addleshaws, Jones Day seal £154m Hill Hire sale subscription
Addleshaw Goddard and Jones Day were on opposite sides of the table in Ryder System’s £154m acquisition of Bradford-based truck leasing company Hill Hire from Lloyds Banking Group.
Nabarro partner heads off to Whale Rock subscription
Nabarro corporate partner Elliot Shear is to leave the firm to become managing director of an outsourcing boutique for clients’ in-house legal functions.
Osborne Clarke bulks up in Bristol with BLP hire subscription
Osborne Clarke has hired Berwin Leighton Paisner (BLP) funds partner Tim Simmonds as a partner in its Bristol office.
Herbert Smith has hired Taylor Wessing’s financial services regulatory head Clive Cunningham as its second non-contentious financial regulatory partner.
CMS Cameron McKenna plumps for Principal Place subscription
CMS Cameron McKenna expects to move into a new skyscraper in Principal Place in early 2015, the firm announced today.
Former Ashurst finance partner Richard Kendall has been appointed CEO of Glendevon King Asset Management (GKAM).
RPC promotes two to equity partnership subscription
Reynolds Porter Chamberlain has promoted two lawyers to the partnership, one down on the three it made up last year.
Norton Rose has announced a £47m increase in turnover for its entire international operations since it merged with Australian firm Deacons last year.
Herbert Smith, CMS Cameron McKenna, Linklaters and Stephenson Harwood all landed roles on TUI Travel’s cost-cutting pension schemes revamp.
Links hauls in 21 associates in Oz recruitment spree subscription
In one of the biggest recruitment coups of recent times Linklaters has hired 21 associates from Australia and New Zealand, just two years after it cut more than 200 jobs in London.
Proskauer picks up a pair from White & Case subscription
Proskauer Rose has hired a corporate duo for its Hong Kong office, increasing the firm’s partner count in the city to six.
Clifford Chance has followed magic circle rival Freshfields Bruckhaus Deringer by announcing small hikes in associate salaries.
Former Cleary managing partner joins Lazard in Paris subscription
Cleary Gottlieb Steen & Hamilton New York partner Mark Walker has moved in-house to Lazard, taking up a role in the investment bank’s Paris office.
Freshfields Bruckhaus Deringer has lost both its Düsseldorf real estate partners to German outfit Noerr.
Addleshaw Goddard and Baker & McKenzie took the prime advisory roles on the merger of Jones Lang LaSalle (JLL) with fellow real estate giant King Sturge.
Ashurst raids Fried Frank for NY partner subscription
Ashurst has bolstered its US offering by scooping a New York lending partner from former merger suitor Fried Frank.
Freshfields breaks top two’s FTSE stranglehold subscription
Change in legal markets happens on a geological timescale, or at least that is how the received wisdom has it.
SJ Berwin remains committed to securing a transatlantic merger as the dust settles on its failed attempt to pair up with Proskauer Rose last year.
Freshfields Bruckhaus Deringer client Betfred has won the bid to acquire the state-owned Horserace Totalisator Board (the Tote), after fighting off a rival tender from former Liverpool FC chairman Sir Martin Broughton.
Camerons to raise £5m through partner cash call subscription
Partners at CMS Cameron McKenna have been asked to contribute an extra £1,000 per equity point as part of a capital increase approved at last month’s partner meeting.
Macfarlanes has scooped a Clifford Chance structured finance partner as it looks to bolsters its debt capital markets and acquisition finance offering.
Freshfields Bruckhaus Deringer has broken into the top two firms ranked by number of FTSE 100 clients, overtaking rival Linklaters.
Sports specialist Couchmans has won a role alongside Freshfields Bruckhaus Deringer and Linklaters advising on bids to acquire bookmaker the Horserace Totalisator Board (the Tote).
SJ Berwin jubilant as PEP skyrockets by 40 per cent subscription
SJ Berwin has shown a strong recovery following its aborted merger with Proskauer Rose, posting a 5 per cent increase in income and a 40 per cent rise in average profit per equity partner (PEP).
Slaughters, Travers lead on £140m Umeco sale subscription
Slaughter and May and Travers Smith have taken leading roles in Umeco’s sale of its supply chain business to a private equity buyer.
CMS Camerons sees revenue and PEP rise in 2010-11 subscription
CMS Cameron McKenna has announced a five per cent increase in turnover, representing a rise from £214m in 2009-10 to £225m in 2010-11.
Turnover and profit up at Taylor Wessing subscription
Taylor Wessing has posted an eight per cent increase in global revenue, citing Dubai and China as large sources of growth.
Norton Rose transfers Aussie energy partner to Tokyo subscription
Norton Rose has further strengthened its Australasian practice with the relocation of an energy, mining and projects partner from Brisbane to Tokyo.
Osborne Clarke, Skadden bag Motorola-Nokia deal subscription
Osborne Clarke won a role opposite Skadden Arps Slate Meagher & Flom on Motorola’s $975m (£600m) sale of its wireless network infrastructure assets to Nokia Siemens Networks.
Proposals to introduce a digital copyright exchange may be wishful thinking and could create a two-tier system of IP protection, according to sector experts.
Kingsley Napley has launched a four-partner regulatory and professional discipline team, making up two new partners in the process.
Clydesdale Bank has revamped its national panel, with 14 firms appointed.
Five West Yorkshire councils are set to appoint a panel of barristers as part of an arrangement worth up to £10m.
Burges Salmon, Charles Russell and Sharpe Pritchard are among the firms appointed to four West Country councils’ joint panel.
Barlow Lyde & Gilbert’s (BLG) former CEO Clint Evans has joined Reynolds Porter Chamberlain (RPC), taking on the role of director of brand and talent.
Shearman & Sterling has appointed EMEA project finance and development head Nicholas Buckworth as London managing partner, replacing banking colleague Anthony Ward.
Clifford Chance has seconded two senior lawyers to its Saudi partner firm Al Jadaan & Partners, in an attempt to strengthen its relationship with the Riyadh outfit.