Online July 2012
Federal agencies and Congress accelerate defence against cyber attacks — every private company will be affected download
Cyber attacks by both private actors and nation states against US critical infrastructure and individual communications users are on the rise.
39 Essex Street silk Rohan Pershad QC has been charged with a £600,000 VAT fraud.
A 39 Essex Street silk accused of VAT fraud has withdrawn his membership of the set in the face of criminal charges against him.
Lincoln’s Inn set 4 New Square has expanded its costs practice with the addition of two 39 Essex Street barristers, Robert Marven and Benjamin Williams.
DLA Piper chief Sir Nigel Knowles’ personal investment in alternative business structure (ABS) LawVest was a thorny issue at DLA Piper. As The Lawyer revealed earlier this year, pockets within the firm’s partnership were outraged after learning that Knowles and a number of other partners and directors had personally invested in the ABS without declaring ...
Addleshaw Goddard has drastically reduced the number of hurdles that lawyers have to jump before becoming partner as part of a wider scheme to streamline management at the firm.
Addleshaw Goddard and Freshfields Bruckhaus Deringer have landed roles advising on Barclays Capital’s much-vaunted sale of its stake in University Partnerships Programme (UPP) to Dutch pension fund manager PGGM.
Allen & Overy and Freshfields Bruckhaus Deringer have scooped lead roles on a €4.3bn (£3.3bn) debt refinancing deal for Germany property owner Deutsche Annington Immobilien.
The late drama, climactic finales and last minute appeals – this is the Olympics, litigation style
Exeter-based Ashfords and South East firm Thomas Eggar have both had a relatively flat year, in terms of revenues with 2011-12 turnover remaining largely unchanged while average profit per equity partner (PEP) increased by a double-digit figure.
Ashurst and SNR Denton have landed UK roles on a finance agreement that sees Citibank provide an affiliate of Brazilian oil and gas group Petra Energia with an estimated $703.6m (£452.6m) credit line to fund its exploration projects.
Baker & McKenzie is set to launch an office in Casablanca next month with a four-lawyer team from French firm August & Debouzy.
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.
Berwin Leighton Paisner (BLP) and DLA Piper were the lead firms on Blackstone’s £400m sale of its Nido Student Living business to Round Hill Capital – one of the largest real estate deals so far this year.
Berwin Leighton Paisner (BLP) and Taylor Wessing advised as The Great Victoria Partnership (GVP) secured an £80m refinancing loan on an Oxford Street property from Canada Life Investments.
London Mayor Boris ‘BoJo’ Johnson is as much of a gift to lawyers as he is to the media. Indeed he has a love-hate relationship with both.
Google is being advised by Bristows over its admission that it did not delete users’ personal data that was gathered during its Street View research.
The Stibbe partner who was in charge of Herbert Smith’s now defunct international alliance is leaving the firm to establish his own boutique firm after deciding to seek a new challenge.
Charles Russell partners Mary Bagnall and Ian Lynam have been instructed for bookmaker Paddy Power to take action action against London 2012 Olympics organisers LOCOG.
Charles Russell has secured a popular victory for Irish bookmakers Paddy Power after Olympics organisers LOCOG backed down over an advert campaign.
As the London Olympics gets into full swing, Robert Lewis reflects on the work that went in to making Beijing 2008 a success
Clifford Chance and Linklaters have taken lead roles on an agreement that will see Lloyds Banking Group offload 632 of its branches to the Co-operative Group, a move that gives Co-op around 7 per cent of the UK current account market.
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.
Clifford Chance has named Eiichi Kanda as the new managing partner of its Tokyo office as incumbent Peter Kilner relocates to Hong Kong.
Clifford Chance, Sheppard Mullin Richter & Hampton and Ropes & Gray have become the first three firms to receive permission from South Korea’s Ministry of Justice to open a foreign legal consultant office in the country.
Clifford Chance and White & Case have both fielded London teams to advise opposite each other on two emerging-market bond issues.
Clyde & Co is set to become the first international firm to open a base in post-Gaddafi Libya after it hired Libyan Investment Authority (LIA) general counsel Albudery Shariha.
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.
The CMS network, which includes UK firm CMS Cameron McKenna, is considering dropping the ‘CMS’ identity as part of its hunt for a US member.
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.
Collyer Bristow partner Rhory Robertson and One Brick Court’s David Glen have successfully defended London mayor Boris Johnson against a libel claim brought by union chief Bob Crow.
Cooley has opened an office in Los Angeles with the hire of media, technology and entertainment partners from DLA Piper and Gibson Dunn & Crutcher as well as entertainment firm Morris Yorn Barnes Levine Krintzman Rubenstein & Kohner.
A lawyer from Iberian firm Cuatrecasas Gonçalves Pereira is one of the latest high-profile figures to be questioned in relation to a data-trafficking scandal that first came to light in Spain last year.
Cuatrecasas Gonçalves Pereira partner Sonia Cortés has defected to labour boutique Abdón Pedrajas & Molero.
Weil Gotshal & Manges has leveraged its relationship with the bankrupt parent company of American Airlines to take the lead role advising on the carrier’s plans to pick a merger partner.
Lawyers responding to a Department of Health tender have hit out at the government department after it ditched the process due to underestimating how much the work would cost.
Devereux Chambers has been hit with a barrister defection with Suzanne McKie QC quitting the set for Littleton Chambers.
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.
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.
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.
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.
DLA Piper’s non-US business has released its results for the 2011 calendar year, with turnover rising by just over 13 per cent to £701.6m.
DLA Piper chief Sir Nigel Knowles’ investment in alternative business structure (ABS) LawVest has been revealed by a Companies House filing, showing he holds around a 1 per cent stake in the company.
The banking scandals have highligted the need for ethics in business. Now’s the time for the Law Society to make its mark, says Mark Brandon
The Court of Appeal is to welcome four new appellate justices next term after the latest round of promotions by Downing Street.
Dundas & Wilson’s new managing partners, who were formally elected last month, have wasted no time getting stuck into their new roles, establishing a pool of paralegals to support the firm’s practice areas by doing drudge work on the cheap.
Profit at Dundas & Wilson dropped by 35 per cent in the 2011-12 financial year, with average profit per equity partner (PEP) also falling by 35 per cent and turnover dipping by 12 per cent.
Dundas & Wilson has launched a Legal Services Unit (LSU), billed as a ‘firm within a firm’, to do routine work cheaply for clients.
North West personal injury firm Edwards Hoyle has revealed its most bizarre personal injury claims from the last year.
Essex Court Chambers’ Toby Landau QC and David Joseph QC will go head-to-head at the Singaporean High Court next week in a mammoth $300m legal battle for Malaysian tycoon Ananda Krishnan and the Indonesian conglomerate Lippo Group.
Fenwick & West and Gunderson Dettmer have landed roles on Cisco’s acquisition of cloud security startup Virtuata.
Irwin Mitchell has boosted its national business legal services team as it edges closer to converting to ABS status.
Freehills has named its Perth head Jason Ricketts as its new Australia managing partner, with incumbent Gavin Bell preparing to take on global responsibilities at the merged firm Herbert Smith Freehills as joint CEO.
Freshfields Bruckhaus Deringer has appointed London banking head David Trott as head of its global finance practice, succeeding Alan Newton in the senior role.
Technology giant Apple must run a series of adverts in the national press alerting consumers that its rival, Samsung, did not copy the iPad, the High Court has ordered.
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.
Freshfields Bruckhaus Deringer has appointed former Dewey & LeBoeuf Beijing partner Yuan Gang as China head of energy and natural resources.
Litigation is proving a hot topic in Europe this week with Linklaters announcing that it is poaching litigation partner Alessandro Villani from Italian law firm Gianni Origoni Grippo & Partners to spearhead its new Italian litigation practice in Milan.
Spanish firm Gómez-Acebo Pombo will launch an office in New York this autumn.
Herbert Smith and Freehills, which will merge on 1 October, have confirmed the full membership of the enlarged firm’s global executive team, which is made up of 13 members with six from Freehills and seven from Herbert Smith.
Herbert Smith and Norton Rose joined a raft of Canadian and US firms advising on the $15.1bn (£9.7bn) acquisition of Canadian oil and gas producer Nexen by China National Offshore Oil Company (CNOOC).
The Serious Fraud Office (SFO) has been hit with further criticism from the High Court in a judgment handed down today in relation to an investigation into businessmen brothers Vincent and Robert Tchenguiz.
Hill Dickinson is aiming to open a Hong Kong base by the end of the financial year.
The House of Commons justice select committee has launched an inquiry into how Applied Languages Solutions (ALS) was awarded a contract to act as the sole supplier for court interpreters throughout England and Wales.
Ince & Co has expanded its Greater China footprint with the launch of a third office in Beijing.
Irwin Mitchell and Mishcon de Reya have both won lead roles acting for new clients on Almacantar’s £109m purchase of two London midtown properties from Tishman Speyer.
A Chinese law firm based in Guangdong province’s manufacturing hub Dongguan has filed a lawsuit against Jones Day alleging that the US firm has damaged its reputation in an ongoing tussle over their Chinese brands.
Kennedys has won a role acting for the administrators of Town Centre Restaurants, the company behind the Café Giardino chain.
Keystone Law is aiming to more than double its turnover within three years to £25m by attracting 50 new lawyers to its ranks.
The former head of Herbert Smith’s China M&A practice Simon Meng will join King & Wood Mallesons in Shanghai as a partner in the coming months.
Football’s world governing organisation Fifa has instructed Kirkland & Ellis partner Michael Garcia to investigate allegations of corruption alongside German judge Hans-Joachim Eckert.
Latham & Watkins and White & Case have landed roles on one of Qatar’s largest-ever dollar-denominated Islamic bond issuances.
The Law Society is looking to renovate its Carey Street offices at the same time as increasing its practising certificate fees for solicitors by nearly 5 per cent.
Lawrence Graham has scooped the magic circle to lead an independent investigation into Libor for the British Banking Association (BBA).
I met someone the other day who told me how happy he was with his current law firm, he told me he was was happy with the fees they charged and he was happy with the service they provided -- and then I woke up, I was dreaming.
It’s a good job Pinsent Masons’ head of sport Trevor Watkins is not a Team GB athlete.
Kingsley Napley, DLA Piper and Russell Jones & Walker (RJW) have been instructed to represent eight senior journalists and executives charged over the News of the World phone-hacking scandal.
The Supreme Court has told the Government that its current immigration practices are unlawful.
Lawrence Graham (LG) has posted its financial results for the 2010-11 financial year, revealing that turnover at the firm has fallen by 5 per cent and profit per equity partner (PEP) has plummeted by 26 per cent.
Linklaters and Slaughter and May have won lead roles advising on Japanese advertising agency Dentsu’s £3.2bn acquisition of UK rival Aegis Group.
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 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.
Litigation funder Burford has appointed Time Inc associate general counsel Melissa Sobel to help manage the company’s investment portfolio.
Lloyds Banking Group’s company secretary and general counsel Harry Baines is set to retire later this year with the bank’s group general counsel tipped to take on his mantle.
Scotland-headquartered firm Maclay Murray & Spens has called on Deloitte to carry out a strategic review of its operations as it weighs up its options for the future.
Manchester-headquartered Kings Chambers is set for significant expansion with the launch of a new base in Birmingham.
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.
British Land (BL) has turned to Mayer Brown for the £130m acquisition of a Mayfair estate, with Olswang advising the sellers.
Mishcon de Reya has launched a root and branch review of its international strategy in preparation for a new three-year growth plan due to be launched next year.
Morrison & Foerster (MoFo) has appointed longstanding bankruptcy partner Larren Nashelsky as its elected chair
The Ministry of Justice (MoJ) must devise a successful objective justification defence if it is to defeat a discrimination claim being pursued against it by a part-time judge, the Supreme Court has said.
Morgan Lewis & Bockius and Norton Rose have scooped roles on Sprint Capital’s acquisition of a potash business in Kazakhstan.
Nabarro has landed a plum job advising a joint venture between Lend Lease and London & Continental Railways on a £1.3bn project to transform the Olympic Park into a mixed-use development.
There is no doubting that Lord Neuberger’s appointment as Supreme Court president has been well received, even if it is a job that a few years ago some thought he would never take up.
The Master of the Rolls Lord Neuberger has been named the next Supreme Court president, succeeding Lord Phillips, who will officially step down in September.
Clifford Chance shipping finance head Simon Lew has left the firm to join Norton Rose after 16 years as a partner at the firm.
Norton Rose has launched a 40-lawyer Canadian North and Arctic (CNA) group across its Canadian network.
Norton Rose has recruited its first London criminal law specialist with the hire of longstanding Bindmans partner and crime head Neil O’May.
Novartis has announced the results of its first panel review since the company’s $40bn takeover of Alcon, with three magic circle firms – Allen & Overy, Freshfields Bruckhaus Deringer and Linklaters – securing spots on the global roster along with two US firms.
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.
Offshore firm Bedell Cristin is to launch in Singapore to underpin its operations in the British Virgin Islands (BVI).
Preiskel & Co’s David Allen Green, 25 Bedford Row’s John Cooper QC and 2 Hare Court’s Sarah Przybylska have overturned a conviction in the high-profile Twitter ‘menacing tweet’ case.
Global airline Qantas has appointed Allens corporate partner Andrew Finch as general counsel succeeding the long-standing incumbent Brett Johnson who will retire in October.
There are likely to be redundancies at Midlands firm Shakespeares as a result of its £50m merger with Harvey Ingram, the firm’s management has confirmed.
Riverview Law has attracted four new members to its divorce and family team, including silk Christopher Pocock QC of 1 King’s Bench Walk.
The Serious Fraud Office (SFO) has appointed former judge Geoffrey Rivlin QC to advise it on bringing cases to court.
The merger of Midlands firm Shakespeares with regional neighbours Harvey Ingram is official, but will go live a month later than planned.
A Shearman & Sterling City team has advised alongside Australian firm Corrs Chambers Westgarth on a A$20m (£13.2m) deal under which Tanzanian miner African Barrick Gold (ABG) will buy Aviva Mining’s Kenyan assets.
Shoosmiths has announced that 86 jobs will go following a redundancy consultation.
Simmons & Simmons has increased the number of women on its 12-member board to three when non-executive directors are included following its recent elections.
Simmons & Simmons managing partner Jeremy Hoyland has put a Singapore launch at the top of the firm’s agenda for international expansion.
Singaporean firm Stamford Law has hired an arbitration partner apiece from international rivals DLA Piper and Clyde & Co, bucking the trend of international firms poaching lawyers from local firms.
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.
Paul Hastings, Slaughter and May and Wilson Sonsini Goodrich & Rosati have secured roles for longstanding clients on Samsung Electronics’ $310m (£198m) acquisition of UK chipmaker CSR’s mobile technology development business.
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.
Iberian firm Cuatrecasas Gonçalves Pereira has put 28 non-equity partners on notice that they must improve their performance or leave the firm, just months after announcing plans to to move to an all-equity partnership.
Speechly Bircham has posted a fall in revenue for the 2011-12 financial year, with total fee income down by 3 per cent from £59.5m to £57.6m.
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).
Stewarts Law has established a corporate investment vehicle to allow its equity partners to invest in litigation in a tax-efficient manner.
The Stibbe partner who was in charge of managing Herbert Smith’s international alliance before it disbanded in 2011 is leaving the firm to establish a boutique.
Bath firm Stone King has hired education specialist John Clarke from Maitland Walker, making him the firm’s second high-profile hire in this sector in a matter of months.
Seven years of litigation came to an end last week when a US District Court judge dismissed Novell’s antitrust case against longstanding Sullivan & Cromwell client Microsoft.
Sports lawyers are in demand this summer with London hosting the Olympic Games. Yesterday’s High Court ruling in Leeds United FC v West Yorkshire Police over who should pick up the tab for policing matches is expected to keep the footballing lawyers busy this summer.
Brecher managing partner Nicky Richmond is somewhat underwhelmed by the food-as-art at Texture
The bar has always relied on solicitor contacts for work referrals, but that tide is turning, says Katy Dowell
What a choice: pay the Dewey & LeBoeuf estate up to $3m (£1.9m) each or risk years of litigation as creditors seek payment.
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.
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.
The Treasury Committee has turned to Devereux Chambers corporate and financial crime silk Jonathan Fisher QC to advise it on an investigation into the ongoing fallout from the Libor scandal.
Trowers & Hamlins’incoming senior partner has vowed to refresh the firm’s brand when she takes office next year.
Birmingham-based firm Anthony Collins Solicitors has posted a nine per cent increase in turnover for 2011-12.
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.
Weil Gotshal & Manges has continued the expansion of its London restructuring team with the hire of Hogan Lovells partner Alexander Wood.
Withers has announced a bumper round of partner promotions, with five added to its partnership.