Online January 2013
A command of international antitrust and EU competition rules is an essential element of any successful business strategy in today’s global economy.
Louis Flannery and Benjamin Garel from Stephenson Harwood in London compare the costs of arbitration at eight major arbitration institutions.
This briefing covers a judgment of the European Court of Justice.
The Banking and finance litigation update is published monthly and covers current developments affecting DLA Piper’s area of practice and its clients during the preceding month.
In January 2013, the Croatian Competition Agency, for the second time in its practice of imposing direct fines, fined four private companies involved in a cartel agreement.
The inaugural meeting of the Council for State Aid in BiH (the ‘council’), a body formed thanks to the Law on State Aid in Bosnia and Herzegovina (the ‘law’), was held at the end of last year.
Welcome to the first edition of Stephenson Harwood’s Data Protection Update, a regular bulletin on key data protection developments.
DLA Piper has represented Fosun International in its private equity investment in Peak Reinsurance Holdings Limited, a Bermuda reinsurer with operations in Asia.
DLA Piper has announced several office leadership appointments in the US.
DLA Piper has represented Fibra UNO, Mexico’s first publicly traded REIT, in its third global public offering before the Mexican Stock Exchange and in the international markets, valued at approximately US$1.7bn.
ESCO financing — an overview download
This note from DLA Piper discusses the ‘ESCO’ financing model of implementing energy-efficiency projects.
The Kingdom of Saudi Arabia (KSD) has issued five finance laws, which — according to the head of Al Tamimi’s Corporate and Commercial Department in Riyadh — have been keenly anticipated for some time.
Krogerus has advised AVIC International Investments on the Finnish law aspects of its acquisition of naval architecture and engineering company Deltamarin.
Krogerus has acted has lead counsel in the reorganisation of Handelsbanken’s Nordic life insurance business.
Krogerus has advised SOK Corporation on its 60 per cent divestment of the shares in Finnish agribusiness Hankkija-Maatalous to DLA International Holding, a subsidiary of the DLA Group in Denmark.
Landis+Gyr, which specialises in smart metering, has appointed Walker Morris as its sole legal adviser for employment law in the UK.
Martina Huppertz has been promoted to partner in MOLITOR Avocats à la Cour’s banking and finance practice.
The OFT has launched a market study to examine whether the UK defined-contribution workplace pension schemes deliver the best value for money for savers.
The decision in Interserve Industrial Services Ltd v ZRE Katowice SA highlights the importance the court places on the dispute resolution mechanism in the main contracts between the parties.
While 2012 was marked by parliamentary elections and the formation of the new government in July, the financial markets in Serbia seem likely to offer investors some very interesting opportunities in 2013.
Shoosmiths has advised August Equity’s SecureData Europe on its acquisition of Quadrant Networks.
Claire Rowe looks ahead to 2013.
Shoosmiths’ work with clients’ customers who have mental health issues has put it in line for a top customer satisfaction prize.
Shoosmiths has been ranked number three in the UK Experian Corpfin Advisor League Tables and M&A for volume of deals done in 2012.
Shoosmiths has recorded its best month for new homes plot sales since the firm started formally recording data nearly nine years ago.
Simon Airey — Head of Corporate Crime, Investigations and Compliance Director, National Tax Investigation
Simon was a barrister in private practice for 12 years before joining DLA Piper and has extensive experience of a broad range of litigation at all levels of the court system.
An increase in commercial property work has led Walker Morris to boost its real-estate group with three new appointments.
Walker Morris has launched its latest Little Green Book of Real Estate in ibook and ebook formats and a printed pocket-sized version.
Walker Morris sports lawyers have advised on Wilfried Zaha’s transfer deal from Crystal Palace to Manchester United.
Walker Morris has announced that its Corporate Group completed more than 120 deals in 2012 — a 24 per cent increase on the previous year.
There’s good news, bad news and utterly unrealistic news in this HR-themed issue of The Lawyer Management, the first of 2013, in which we’re focusing particularly on the issue of pay and performance. First, something to raise a smile in this gloomy January. As reported yesterday on The Lawyer, research from legal market management recruitment consultancy Totum has found that salaries for most business ...
The MoJ’s implementation of the Jackson reforms has been chaotic and will result in a raft of satellite litigation, says LSLA president Francesca Kaye
Allen & Overy (A&O) and McCann Fitzgerald have won lead roles as Ireland’s state-owned energy provider Bord Gáis Éireann (BGE) prepares to sell off its energy business in the first major asset sale by the Irish government.
Allen & Overy partner Michael Reynolds has been elected as the new president of the the International Bar Association (IBA).
Allen & Overy (A&O), Baker & McKenzie and Freshfields Bruckhaus Deringer have advised as the proposed €5.2bn (£4.2bn) takeover by UPS of Dutch delivery group TNT Express collapses after failing to get past the European Commission (EC).
Former 39 Essex Street silk Rohan Pershad QC, who is facing allegations of VAT fraud, thought his chambers paid his VAT bill for him, a jury has heard.
Addleshaw Goddard’s highest paid partner received a profit share of £592,789 in 2011/12, up by nearly 27 per cent on the previous year’s top payout of £467,580.
Addleshaw Goddard, Hogan Lovells and Linklaters all had roles on US private equity house Cerberus Capital Management’s £200m acquisition of pub group Admiral Taverns from Lloyds Banking Group.
The Cobbetts administration highlights the importance of partners knowing their firm’s financial position, say Rita Lowe and Andrew Jackson
AIG Asia assistant general counsel Aaron Le Marquer has swapped his in-house career for private practice after joining Thai firm Tilleke & Gibbins as a consultant in Bangkok.
Akin Gump has opened an office in Singapore, with two lawyers relocating from the US to lead the base.
Singaporean firm Allen & Gledhill, Clyde & Co and City shipping boutique Waterson Hicks are embroiled in a lawsuit filed by a Swiss Bank against the Singaporean firm over alleged negligent advice.
Support staff across Allen & Overy’s (A&O) US and European offices will have their jobs moved to Belfast as the firm beefs up the role played by its Support Services Centre.
Appleby has become the second major offshore firm to elect a female head, picking Hong Kong partner Frances Woo as its new chairman.
Ashurst and SNR Denton have been appointed to advise on the administration of camera seller Jessops.
Ashurst has added Italian antitrust veteran Denis Fosselard as a new partner in its European competition team.
Ashurst and a group of Malaysian firms have advised on the RM1.8bn (£373m) sale of Aviva’s Malaysian joint venture CIMB-Aviva to Sun Life Financial and Khazanah.
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.
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.
Two of South East Asia’s largest firms, Rajah & Tann and Zaid Ibrahim & Co, have announced plans to expand into Myanmar.
Australian national firm Gadens Lawyers has hired a Clifford Chance Singapore-based counsel to lead the launch of its Singapore office.
Baker & McKenzie has elected IP partner Paul Rawlinson to succeed Gary Senior as managing partner of its London office.
Baker & McKenzie has appointed Korean lawyer Seong Soo Kim as a partner in its banking and finance and Korea practices in Hong Kong.
It’s been a week for landmark judgments.
Pinsent Masons is on the brink of signing a deal with Balfour Beatty that will see it become the sole legal provider for at least some areas of its external needs.
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.
Competition between barristers and solicitors is on the rise, and the friction is starting to show between the profession’s representative bodies.
One of the country’s smallest local authorities could be the first to bring defamation proceedings under the Localism Act 2011.
Bevan Brittan partner Iain Miller is advising the SRA on the fallout of Cobbetts’ demise after the firm today confirmed that it plans to call in the administrators (30 January 2013).
Bindmans is taking the Tony Nicklinson ‘right to die’ case to the Court of Appeal (CoA) after his wife Jane was given permission to proceed with her late husband’s legal battle.
Bingham McCutchen has elected two lawyers to its London partnership as part of a 13-strong global promotions round.
Birmingham Law Centre has turned to Birmingham City Council as it fights for its future, warning that without local support it could close.
The Supreme Court has refused to extend legal privilege to accountants offering tax advice.
Nabarro took the lead advising Google on the acquisition of a site for its new headquarters at Kings Cross, while Berwin Leighton Paisner (BLP) and Hogan Lovells advised the landowners.
Italian firm Bonelli Erede Pappalardo and White & Case have taken the lead roles as Italy’s largest insurer Generali acquires a 49 per cent stake in joint venture partner PPF Group, a Czech and Dutch private equity group.
This time last year the news was all about new boutiques. Oddly enough, history has repeated itself and 2013 has started with announcements about several more.
Brazilian boutique Brandi Partners is going international with offices in Paris and Dubai as well as associations in Portugal and Turkey.
Bredin Prat partner Olivier Puech has picked up a mandate from collapsed French entertainment company Virgin Megastore just days after joining the firm from Gide Loyrette Nouel.
French firm Bredin Prat has made its first lateral hire for 18 months, picking up Gide Loyrette Nouel restructuring partner Olivier Puech.
Nadia Eweida’s success at the ECHR doesn’t mean that wearing religious symbols in the workplace is an automatic entitlement, says Cherie Booth QC
Bristows client Sony Computer Entertainment Europe (SCEE) has been fined £250,000 by the Information Commissioner’s Office (ICO) after hackers gained access to the personal details of millions of online gamers via the PlayStation Network in 2011.
Canadian firm Gowlings used its partnership conference at the end of last year to prepare its partners for life at a global business as the firm eyes up merger opportunities.
Outsourcing giant Capita is set to enter the legal process outsourcing (LPO) market after running a successful pilot with Pinsent Masons.
Cardiff-based Hugh James has landed a place on Cardiff University’s revised legal panel alongside Eversheds, Geldards, Morgan Cole and SGH Martineau, which have all been reappointed.
Channel Islands-headquartered firm Carey Olsen has entered into an association with two-partner British Virgin Islands (BVI) outfit Hempel & Boyd in a bid to strengthen its Caribbean offering to clients.
A popular member of the Inner Temple who went missing has returned safe and sound.
Charles Russell’s partner wage bill dropped from £3.3m to £245,844 in 2011/12 as a result of the firm overhauling its partnership structure in 2011.
Christmas is behind us, the new year is upon us and new leadership has taken the helm here in China, so it seems to be a good time to take a look at what the foreign firms in China may have on their regulatory wish-list for the coming year.
K&L Gates has promoted 47 lawyers to its partnership across 21 of its offices, with 10 new partners coming in from Europe but no new partners named from London.
Job losses in the City reached the highest level since the peak of the financial crisis in 2008, data obtained by Pinsent Masons has revealed.
A City litigator has won back nearly £600 in data roaming charges incurred on holiday in Australia after successfully fighting T-Mobile over her new mobile phone contract.
The former chairman of the Competition Commission is to leave US firm Cleary Gottlieb Steen & Hamilton to take up the post of chairman at the Competition Appeal Tribunal (CAT) as the judicial body appoints four to the panel of chairmen.
Clifford Chance has hired former Allen & Overy (A&O) Australian competition partner Dave Poddar, its first lateral partner hire since its 2011 launch in Australia.
Clifford Chance senior partner Malcolm Sweeting has joined with CBI president Roger Carr and Virgin Group Founder Richard Branson to call on the Government to stay in the European Union to help bolster business.
Clyde & Co and Eversheds have both launched sector-focused social networking programmes aimed at increasing business development activities, particularly among the firm’s associates.
Clyde & Co has become the latest firm to announce a redundancy consultation in 2013, with fewer than 10 support staff jobs at risk.
Clyde & Co has expanded in the US with the addition of a three-strong team to its New Jersey office.
Clyde & Co partner James Burns will succeed Michael Payton as senior partner of the firm after he stood unopposed, The Lawyer can reveal.
Clyde & Co took a loan of £23.6m in the 2011/12 financial year to help fund the firm’s move to new offices in London.
It had to happen eventually. As we reported last year, one of the City’s longest-serving law firm heads, Clyde & Co senior partner Michael Payton, is stepping down in 2013. Today, his replacement has been unveiled.
CMS Cameron McKenna partners put an extra £7.7m into the business in 2011/12, the firm’s LLP accounts have revealed.
CMS Cameron McKenna has today launched a review of its UK and CEE business that has placed 40 roles in the UK at risk of redundancy.
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.
CMS Cameron McKenna, Morgan Lewis & Bockius and local firm Asters have been retained as legal advisers on the Ukrainian side of several aspects of a 50-year production sharing agreement (PSA) deal between Royal Dutch Shell and the Ukrainian government to develop the country’s untapped shale gas resources in a bid to put an end to its dependence on Russian gas supplies.
The Court of Appeal has allowed a claimant to depart from her stated costs budget in the first case to test budgeting in defamation proceedings.
Manchester firm Cobbetts has confirmed its intention to appoint administrators and is actively seeking a buyer for its business. Here we look back at the events that led the firm from a merger-hungry North West leader in 2004 to a firm on the verge of collapse in 2013.
Cobbetts’ Saudi Arabian alliance partner has been left in limbo following the Manchester firm’s decision to file notice to appoint administrators on Monday.
Manchester firm Cobbetts is set to enter administration and is looking for buyers after filing a notice to appoint administrators on Monday.
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.
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.
With the New Year comes partner promotion season, and the names of the lucky lawyers chosen to rise up the ranks are flooding into our inboxes from across Europe.
The boardroom battle over Liverpool Football Club has attracted criticism from the Court of Appeal after the club’s former owners, Tom Hicks and George Gillett, attempted to delay the start of the High Court trial (see judgment).
Is English law bank-friendly? Should it be the policy of the English courts to support financial market stability?
The head of Debevoise & Plimpton’s litigation practice Mary Jo White is expected to be named by President Barack Obama today as the new head of the Securities and Exchange Commission (SEC).
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.
The rumour mill tells us that Dickson Minto is about to move into the 22nd century by launching a super-modern website with individual partner profiles, but there are some ways in which the Anglo-Scottish firm is being even more zeitgeisty than its rivals.
A number of chambers have signed up to the new Barco initiative, which has now been approved by the FSA.
DLA Piper has hired Shearman & Sterling counsel Yu Jin Tay in Singapore as a partner and global co-chair of its international arbitration practice.
DLA Piper will launch its South Korea office tomorrow after getting approval from the country’s Ministry of Justice to practise international law there.
DLA Piper has hired a group of five finance and projects lawyers led by partner Carolyn Dong from King & Wood Mallesons in a bid to strengthen its relationships with major Chinese energy companies.
DLA Piper has confirmed that it will shut its Glasgow office in the coming months and is on the cusp of agreeing deals with takers for its defendant insurance practices following the conclusion of a collective consultation.
DLA Piper UK head Andrew Darwin is transferring to Australia to become the firm’s country managing partner.
Scottish firm Dundas & Wilson has teamed up with Cass Business School to launch a legal project management and business programme for its partners and staff.
DWF has rescued ailing firm Cobbetts in a pre-pack deal confirmed by DWF’s managing partner Andrew Leaitherland in an email to staff earlier this afternoon.
DWF has acquired professional indemnity practice Fishburns as the North West firm continues to seek out another bolt-on in Scotland.
DWF is understood to be reviving tie-up talks with Cobbetts, after the latter filed notice to appoint administrators on Monday.
The biggest challenge facing the Myanmar market centres on problems in raising financing for large ticket deals.
EMW, Morgan Cole and Shoosmiths have all won headline roles as WestBridge Capital backs the £6m management buyout (MBO) of Cambridge-based Anglia Business Solutions in return for a 43 per cent stake in the business.
The Lawyer Awards 2013 in association with Travelers is open for entry, and the biggest night in the legal profession’s calendar has got even bigger.
Estonian law firms Glikman & Partnerid and Alvin Rödl & Partner have announced their decision to merge to form Law Firm Glikman Alvin & Partners.
All the latest partner hires and other appointments within Continental European firms and offices.
All the latest partner hires and other appointments within Continental European firms and offices.
Eversheds chief executive Bryan Hughes has told The Lawyer in an exclusive interview that “everything we’ve done has had culture at the heart”, as news broke that 166 staff at the firm face the axe.
It’s beginning to look like commercial law firms alone could threaten Britain’s fragile recovery in employment – jobseeker numbers dropped from 7.8 per cent to 7.7 per cent in the three months to November 2012 – with more firms every week announcing redundancy consultations.
Eversheds paid down nearly £20m of its debts in 2011/12, as the firm’s top line returned to growth for the first time in three years.
Eversheds has hired the former general counsel of collapsed electrical goods retailer Comet as extra support in its dispute resolution team.
Eversheds has named a new managing partner for its Vienna office, as the incumbent steps down after completing his two-year term.
Eversheds has taken on a team of four employment lawyers from the Shanghai office of Salans, which is to merge with SNR Denton in the coming months.
Up to 166 jobs are at risk across Eversheds’ UK and Asia offices, with the firm’s Copenhagen office set to disappear altogether, as the firm seeks to realign itself under its new strategy.
An in-house lawyer at mobile network operator Everything Everywhere has relaunched the Lawyers’ Secular Society (LSS).
A man who worked at US firm Fried Frank Shriver & Jacobson has been charged with stealing $376,000 worth of copy-machine toner from the firm’s New York office.
Farrer & Co has launched a redundancy consultation, with 12 staff, including one fee-earner, facing the axe.
US firms Fenwick & West and O’Melveny & Myers and Israel’s Herzog Fox & Neeman have landed roles as Cisco acquires Israeli software maker Intucell for an estimated $475m (£300m).
Field Fisher Waterhouse (FFW) and Mayer Brown have won roles advising on a deal that sees Russian billionaire Roman Abramovich invest £4.3m in a small gas-to-liquids technology company.
The former owners of Liverpool Football Club Tom Hicks and George Gillett have settled their High Court battle with the club’s former board of directors and financier RBS.
The managing partner of Follett Stock has been accused of bullying a female lawyer, an employment tribunal has heard.
A courtroom battle relating to Liverpool Football Club settled last week after the Court of Appeal (CoA) refused to vary an order for the claimants, former LFC owners Tom Hicks and George Gillett, to surrender in excess of £10m by way of security for costs.
Former 39 Essex Street silk Rohan Pershad QC will today face allegations of VAT fraud at Blackfriars Crown Court.
Forster Dean has confirmed that more than a dozen lawyers and staff have left the firm following a redundancy consultation.
Personal injury and conveyancing firm Forster Dean has announced a redundancy consultation with up to 13 jobs under threat.
French corporate and litigation firm Arago has launched a Dubai office and signed a partnership with UAE firm Bin Shabib & Associates.
Freshfields Bruckhaus Deringer and Slaughter and May have advised on the £1.5bn sale of Stansted Airport.
Freshfields Bruckhaus Deringer has appointed corporate partner William Woo from Orrick Herrington & Sutcliffe’s Hong Kong office.
Freshfields Bruckhaus Deringer has shut its leisure sector group and merged its subsidiary parts into real estate and TMT.
A team of senior lawyers from Freshfields Bruckhaus Deringer’s Milan office has left the firm to join former colleagues at Italian boutique Orsingher.
Freshfields Bruckhaus Deringer paid out £2.9m to a departing partner in the 2011/12 financial year, as staff costs at the firm rose more than 10 per cent.
David Bowie is not a name that’s synonymous with litigation – excepting a copyright spat with 90s rapper Vanilla Ice over the bass line to Ice Ice Baby that never quite made it to court – but the title of his new single ‘Where Are We Now’ (look, we had to shoehorn that in) provides a perfect segue to look at The Lawyer’s Top 20 Cases of 2013, and how the commercial courts will fare in the year ahead.
Keystone Law founder James Knight has claimed there is an “epidemic” of frustration among lawyers at traditional firms as his firm continues its hiring spree by adding 10 lawyers from the likes of Ashurst, DLA Piper, SNR Denton and Speechly Bircham.
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).
Singapore has continued the opening of the legal market to foreign firms. Singapore firms will need to be agile and alert to navigate these sea changes.
Gateley is set to join media specialists Sheridans and Wiggin as new members of BT’s UK legal panel.
Psst. Want to buy a used car? Get yourself over to Ashurst.
An employee of US firm Gibson Dunn and Crutcher will face trial charged with stealing more than £33,000 from the firm in alleged false overtime claims.
US firm Gibson Dunn & Crutcher has secured approval from China’s Ministry of Justice to open a representative office in Beijing, almost 10 years after the firm closed its China presence.
Switzerland’s oldest private bank Wegelin & Co is to close after admitting in a New York court yesterday that it had helped its clients evade taxes.
US firm Goodwin Procter has said it remains committed to opening a Beijing office, despite withdrawing its application for a representative office in the city last year.
The Government Procurement Service (GPS) has finally named the 48 firms to win spots on its revamped Legal Services framework panel, which replaces the previous Legal Services and ‘LitCat’ panels.
Almost half of law firm partners think they should be paid more than they are currently, a survey on partner pay and performance by BDO has found.
DLA Piper is to offload its Manchester and Sheffield defendant insurance practices to Hill Dickinson.
Baker & McKenzie has welcomed back lawyer and investment banker Lance Chen as a partner and head of its US securities practice group in Hong Kong and China.
Manchester insurance litigation firm Horwich Farrelly has become the latest top 200 UK firm to gain an ABS licence.
Say what you want about Eversheds, but it is a firm with a plan.
In 2013 Devereux Chambers’ Ingrid Simler QC (scroll down for video interview) will take on HM Revenue & Customs when she examines the tax authority’s relationship with Goldman Sachs.
The delightful Tim Lord QC of Brick Court Chambers (scroll down for video interview) is a winner with clients for his affable and charming personality.
Houston-based Bracewell & Giuliani has moved to expand its London office with the hire of two energy lawyers including Simmons & Simmons partner Julian Nichol.
Howard Kennedy and Finers Stephens Innocent have officially merged into a £39m firm.
Pre-merger Howard Kennedy has raided City firm Devonshires again to launch an affordable housing team.
In my mind Shanghai will become the New York of China in the next 10-15 years.
Top human rights barristers are awaiting a significant judgment on four landmark religious liberty cases this week.
The Bar Council has called on the Indian Bar to end its refusal to represent a group of men accused of carrying out a gang rape in Delhi.
Irwin Mitchell has hired four commercial property partners from DLA Piper together with a team of 10 lawyers and staff in a significant boost for its Manchester office.
News release9 January 2013 iStorage USB flash drive achieves IT security ultimate seal of approval datAshur awarded critical US data security benchmark FIPS 140-2 Level 3 certification
Italian employment firm Lablaw has hired partner Sharon Reilly from competing boutique hELP - Persiani, boosting its strength in international matters.
Italian labour law firm hELP - Persiani has launched an office in London in a rare move for a boutique European firm.
Employment firm network Ius Laboris has appointed Claeys & Engels senior partner Chris Engels as its new chairman.
US employment firm Jackson Lewis is to open an office in Puerto Rico, marking its first base outside of mainland US.
K&L Gates’ Sydney office has taken on corporate partner Andrea Beatty, the first partner to join the firm following its 1 January merger with Australian firm Middletons.
Kennedys’ net debt at 30 April 2012 was almost double what it was at the same date in 2011, as the firm took out a tax loan for the first time to ease the pain of paying a lump sum in January.
Kirkland & Ellis is yet to see the back of a long-running lawsuit between the producers of a Spider-Man musical and the show’s ex-director Julie Taymor, as a US judge sets a May trial date nearly five months after the pair announced a tentative settlement.
KPMG Abogados has hired former Garrigues tax specialist Pedro Pablo Rodés, making him the firm’s third lateral hire in the past eight months.
Brecher managing partner Nicky Richmond resists the urge to visit a favourite curry haunt and tries out La Porte des Indes at London’s Marble Arch instead. She lives to regret the decision, though.
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.
The Law Society is on a collision course with the Bar Council after the solicitors’ body told its members that new barrister contracts would put them at a disadvantage.
Firms need to have targets to improve the number of women in management roles, the president of the Law Society Lucy Scott-Moncrieff has said
The civil courts will be dominated by credit crunch litigation and professional negligence battles in 2013, The Lawyer reveals today, while London’s courts continue to attract the wealthiest of litigants (see The Lawyer Top 20 Cases).
A tried and tested coping strategy to make it through January’s gloom is to book a summer holiday to give yourself something to look forward to on those cold, dark mornings.
Lawrence Graham (LG), Norton Rose and White & Case all advised on Starwood European Real Estate Finance’s (Seref) £228.5m IPO on the London Stock Exchange.
Linklaters and White & Case have landed the lead mandates as Bupa makes its first foray into the Polish healthcare market by acquiring the country’s largest healthcare provider LuxMed Group from Mid Europa Partners for €400m (£326m).
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.
Linklaters has appointed Allen & Overy (A&O) partner Juan Barona as a partner in its Spanish banking practice.
Linklaters has been instructed by both the administrators and the banks as high street entertainment company HMV enters administration following rejection of a new funding deal.
The latest firm to be granted an ABS licence said it now plans to develop its clinical negligence and personal injury practice.
Rudy Giuliani’s 2008 presidential bid turned out to be one of the greatest US political mysteries of our time. Among the favourites when he announced his candidacy in 2006, largely on the back of his popularity in New York City, the former Big Apple mayor ended up pulling out of the Republican nomination race with two opponents still left.
The Legal Services Board (LSB) has expanded its panel to include six law firms and three chambers.
Luxembourg firm Wildgen has elected litigation head Pierre Metzler as its first managing partner.
The preliminary hearing of the posthumous trial of Russian lawyer Sergei Magnitsky has been postponed after his family and their lawyers refused to take part in the trial.
Irish firm Mason Hayes & Curran has appointed a new London office head after the previous holder of the role John Kettle moved to Brisbane firm McCullough Robertson.
Leading silks at Matrix Chambers are set to go head-to-head as MP Chris Huhne’s partner Carina Trimingham takes on the Daily Mail.
Mayer Brown JSM and Slaughter and May have taken advisory roles on Cable & Wireless Communications’ (CWC) agreement to sell its controlling stake in a Macau telecom company to CITIC Telecom International for $750m (£466m) in cash.
London-based White & Case partner Alistair Graham will be joining Mayer Brown’s commercial disputes team as of next week, The Lawyer can exclusively reveal.
Taylor Wessing German restructuring head Matthias Kampshoff is set to join US firm McDermott Will & Emery in its Düsseldorf office.
The lead singer of Mishcon de Reya’s in-house rock group has jumped ship to Field Fisher Waterhouse, creating an uncertain future for the band.
Mishcon de Reya is the latest firm to take on Addleshaw Goddard client Boris Berezovsky after the firm was instructed for the oligarch’s ex-partner Yelena Gorbunova in a battle for his reduced wealth.
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.
Nabarro’s Spanish ally Roca Junyent has signed a cooperation agreement with 14-lawyer white-collar crime boutique Molins & Silva.
Eversheds will be forced to defend a professional negligence claim from Newcastle International Airport (NIA) in the Court of Appeal (CoA) after NIA was given the green light to take the case to the appellate court.
Nixon Peabody has become the latest US firm to announce a round of partner promotions, naming eight new female partners in a US-centric promotion round of 13.
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.
Nottingham-headquartered Nelsons Solicitors has swallowed up Derby’s Bakewells, as the firm looks to become a dominant force in the East Midlands legal market.
The Olswang partner who advised News International against allegations of phone-hacking is advising a group of Apple users who claim that Google secretly tracked their browsing habits between September 2011 and February 2012.
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.
Osborne Clarke has announced five partner promotions for its international offices, with the majority coming from its recently merged Spanish and Italian offices.
US firm Paul Hastings is set to hire former Dewey & LeBoeuf Italian energy star Lorenzo Parola in a boost for the firm’s corporate energy practice.
City firm Payne Hicks Beach has launched its new construction and energy practice with the hire of Julian Critchlow from construction specialist Fenwick Elliott.
Pillsbury Winthrop Shaw Pittman has posted a 10 per cent increase in average profit per equity partner (PEP) for the 2012 financial year along with a near 7 per cent growth in revenue.
Pinsent Masons has boosted its City litigation practice, taking on a senior legal counsel from BP.
Miranda Correia Amendoeira & Associados has announced its decision to expand into the Democratic Republic of Congo (DRC) via an association with local firm MBM-CONSEIL, giving the firm its eighth outpost on mainland Africa.
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).
Pre-merger Finers Stephens Innocent (FSI) posted a profit figure of £5.6m in 2011/12, according to its LLP accounts.
Bristol, Manchester and Newcastle City Councils have published their proposed budgets for 2013/14, exposing further cuts on spending for government legal departments.
Pump Court Chambers barrister Ruth Arlow has been appointed as the first female chancellor of the diocese of Norwich.
Quinn Emanuel Urquhart & Sullivan’s London office revenue grew by 30 per cent last year, the firm’s provisional financial results have revealed.
A recorder and criminal silk has been removed from judicial office for practising without a certificate.
Cobbetts was recruiting associates as recently as December 2012, with many recruiters that work with the firm expressing shock that it is planning to go into administration.
If God ran a mobile network provider it would probably be called Everything Everywhere. So there’s a nice ring to EE in-house lawyer Charlie Klendjian answering the call to relaunch the Lawyers’ Secular Society.
The managing director of a Newcastle personal injury firm is expecting to generate a salary package of £10m by the end of the financial year, making him one of the most highly remunerated members of the profession.
Cheltenham-headquartered firms Rickerbys and Harrison Clark are set to merge in a move that will create a £20m firm.
Former Herbert Smith senior partner David Gold has been hired by Rolls-Royce to lead a review of its corporate governance structure.
Google subsidiary Motorola has asked the US International Trade Commission to drop two patent infringement claims from its complaint against Microsoft, putting to rest part of a case that has pitted Motorola counsel Ropes & Gray against Sidley Austin.
Former New York mayor Rudy Giuliani yesterday outlined both the scale of his firm’s ambitions for the UK legal market and the extent to which the ‘shale revolution’ could transform the world’s supplies of energy.
Salans has advised restructuring specialist Hilco in its purchase of HMV’s £176m debt.
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.
Salaries for most business support professionals in UK law firms rose last year despite the ongoing tough economic climate, new research has found.
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.
The Serious Fraud Office (SFO) spent more than £1.3m in legal costs on its doomed investigation of the Tchenguiz brothers.
Royal Dutch Shell is reviewing its global legal panel for the first time in three years.
Walking to The Lawyer’s West End offices off London’s Oxford Street has become a depressing experience, with chain after chain joining the sick list. Last night’s latest casualty was HMV, which failed to avoid administration after eleventh-hour talks with its lenders.
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.
Littleton Chambers has lost the head of its commercial group to 11 Stone Buildings.
Simmons & Simmons is set to launch an office in Munich later this year, marking the firm’s third base in Germany.
Simmons & Simmons has consolidated its position in LGB charity Stonewall’s annual rankings of the most gay-friendly employers, improving from 10th place in 2012 to ninth this year.
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.
Slaughter and May’s incumbent Hong Kong senior partner Richard Thornhill will retire from the firm on 30 January with partner Peter Brien taking over the role.
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.
Slaughter and May is abandoning its rigid associate lockstep to put more emphasis on performance when determining its most senior legal employees’ pay.
Slaughter and May joined Dutch duo De Brauw Blackstone Westbroek and Stibbe and a host of additional firms on Philips Electronics’ sale of its lifestyle entertainment business to Japanese company Funai Electric.
SNR Denton has announced that it is entering into an association with local lawyer Jamal Ahmed Al-Shehab, replacing its existing association with International Legal Group (ILG).
Average staff numbers at SNR Denton’s UK LLP were down almost 10 per cent in 2011/12, as costs dropped and pre-tax profit rose nearly 40 per cent.
The head of the trade and export finance group at SNR Denton is leaving the firm to launch the London office of US firm Sullivan & Worcester.
Is SNR Denton slimming down before its big day? The firm’s UK LLP accounts certainly tell the story of a firm that’s been canny with its finances as a
Merger activity in the US legal market last year was dominated by small firms, data produced by management consultant Altman Weil has revealed.
South African independent Edward Nathan Sonnenbergs (ENS) has added an office in Uganda to its growing pan-African footprint by bolting on local firm Synergy Solicitors & Advocates.
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.
The head of Akin Gump’s antitrust and unfair competition practice Mark Botti has joined Squire Sanders in the US alongside two colleagues, antitrust partners Brady Dugan and Anthony Swisher.
Squire Sanders has hired DLA Piper’s head of regulated procurement as a regulatory partner in its Birmingham office.
The former secretary-general of legacy Herbert Smith’s European alliance Olivier Clevenbergh has joined forces with a colleague from Stibbe and a partner from Benelux firm NautaDutilh to launch a Belgian corporate boutique.
Schillings has scored a victory for Kate Winslet’s husband Ned RocknRoll after the High Court agreed to block Simons Muirhead & Burton’s client The Sun from printing private pictures of him at a fancy dress party in 2010.
Osborne Clarke’s digital business sector head Mike Turner is joining rival Taylor Wessing as UK head of TMT.
A team of four clerks has left 4-5 Gray’s Inn Square to join 39 Essex Street just months after 24 barristers did the same.
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We all know the platinum rule of merger votes: if you’re not going to get the answer you want, don’t put it to the partners. Just ask Herbert Smith, which got snubbed when its European allies Gleiss Lutz and Stibbe ran a poll on whether to pursue a three-way merger.
Across the City and beyond litigators are starting to consider what the Jackson reforms will mean for their firms. The judiciary too is being trained in the art of controlling costs - although half a day may seem a bit measly for such a mammoth change. Mr Justice Peter Smith is one judge who pulls no punches when it comes to directing cases. A prime example is when he
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The Lawyer today names the lawyers who will shape the profession in 2013 in the eagerly anticipated Hot 100 feature.
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After a year in which media law became the subject of a judicial inquiry you might be forgiven for thinking that celeb litigants would want to steer clear of controversial cases.
Competition law must “get real, get simple, get credible” according to one of the newly elected chairmen of the Competition Appeal Tribunal.
Are law firms finally waking up to the power of Twitter? If the recent investments made by Eversheds and Clyde & Co into harnessing the power of the retweet is anything to judge by then the answer is ‘yes’. Both firms have spent several thousand pounds recently on bringing in external consultants to educate their lawyers on how to get the most out of Twitter and other social ...
Scottish firm Tods Murray’s LLP accounts show that the firm had a tough year in 2011/12, with revenue dropping by nearly 10 per cent and profit down by more than a quarter.
Firms’ LLP accounts have generally made for depressing reading this year so perhaps it’s only natural that a firm would want to present a positive take on its results.
By Tim Skipper, founder, Totum
It’s training contract interview season now, but candidates have reasons to be fearful. Firms are cutting their trainee numbers left, right and centre, meaning that when the current cohort of successful applicants start at their firms in two years’ time, they could be part of much smaller groups.
Wedlake Bell is holding senior partner elections, with three candidates vying for the job to succeed Martin Arnold who is set to become managing partner of the firm.
US firm Dechert has made up 12 lawyers to its partnership, including three in its London office.
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.
The High Court has refused to throw out misuse of private information claims brought by celebrity Katie Price against her ex-husband Peter Andre, ex-manager Claire Powell, and ex-friend Jamelah Asmar.
The Royal Charter is an archaic and undemocratic device and its use is not matched to the purpose of creating an effective and independent press regulator, says Amber Melville-Brown
The University of London has hired the Wellcome Trust’s longstanding general counsel John Stewart as head of legal services.
Baltic firm Varul has relaunched an office in Latvia following a merger with local Riga outfit BDO Zelmenis & Liberte.
Veale Wasbrough Vizards has announced it has hired education employment specialist Alice Reeve to join the firm’s education practice group.
Veale Wasbrough Vizards and Hewitsons have announced their decision to end merger talks six months after they were initiated.
The European Court of Human Rights (ECHR) has delivered a mixed verdict in four landmark religious liberty cases this morning, finding that British Airways (BA) discriminated against a cross-wearing employee but dismissing the other three appeals.
Watson Farley & Williams (WFW) has hired Ashurst Munich-based counsel Marcus Nothhelfer as a partner to launch a German desk in Bangkok.
North West firm Weightmans has elected partners John Schorah and Dan Cutts as its new managing and senior partners, replacing Patrick Gaul and Ian Evans respectively.
Weil Gotshal & Manges has successfully negotiated a settlement between the estates of bankrupt broker MF Global in the US and UK that could lead to the start of payouts for creditors of the company.
The head of capital markets and hedge funds at Weil Gotshal & Manges’ London office has left the firm for the City base of Paul Hastings.
White & Case and WilmerHale have scooped the lead roles as Sberbank forms a joint venture with Russian search engine Yandex, a deal that kickstarts the two companies’ plans for a new online payment service.
White & Case has entered into an association with Indonesian firm MD & Partners six years after ending its association with local firm Ali Budiardjo Nugroho Reksodiputro (ABNR).
White & Case has added to its presence in the mining sector with the appointment of BHP Billiton lawyer Rebecca Campbell as a partner in its London office.
Wilson Sonsini Goodrich & Rosati client Google has agreed to change some of its search practices in the US after an investigation into anti-competitive behaviour by the US Federal Trade Commission (FTC) concluded that harsher charges would not be necessary.
A pre-trial hearing in Moscow related to charges of hooliganism against Russian businessman Alexander Lebedev has been postponed due to the absence of Lebedev’s lawyers.
Not enough women know which paintings adorn the walls of their firm’s boardrooms. That was the conclusion of an international summit and report presented at a Law Society and Interlaw Diversity Forum event last night.
Empathy is severely lacking in law firm recruitment, says Motive Legal’s Mark Brandon, who has come across partners who take three months to make a decision - and even those who go as far as to blank their HR manager
The highest-earning partner at Wragge & Co took home £648,000 in 2011/12 – a 12 per cent drop from the year before.