12 February 2007

Talking in tongues

p>Today’s stories have an international flavour, with Shearman’s growth plans stalling, Heller Ehrman making its next steps in London and the news, which hit late last night, of Linklaters’ latest efforts to rebuild its Italian practice.

London Met targets banks for LPC push

London Metropolitan University is to offer its Legal Practice Course (LPC) at Canary Wharf in a bid to capture paralegals at investment banks. The law school’s LPC director for Canary Wharf, Mark Blakely, explained: “We are aiming to attract people working full-time at Citibank and the other investment banks, as well as students with childcare […]

Heller continues London growth with Slaughters hire

Heller Ehrman has recruited Slaughter and May senior associate Douglas Lahnborg to augment the hire of three corporate partners from WilmerHale earlier in the week. As revealed on www.thelawyer.com (12 January), Heller hired a three-partner corporate technology team from the City arm of WilmerHale. The firm plans to have three prongs to its London practice […]

Shearman hit by downbeat financial results

Shearman & Sterling has reported stagnant 2006 revenue figures both globally and in London, falling short of many of its US-headquartered rivals. The New York heavyweight recorded gross global revenue of just $842m (£457.6m) last year, less than 1 per cent up on the previous year’s figure of $835 (£468.7m) The London office met a […]

Hammonds takes tentative recovery steps

Hammonds has recruited a barrister for its safety, health and environment (SHE) group, as well as two new lawyers as the firm takes the first steps of its comeback strategy. Barrister Penny Jewkes specialises in planning and environmental law is joining the firm’s SHE group in London. Most recently Jewkes has been working for the […]

Linklaters attempts to rebuild Italy with Pedersoli raid

Linklaters has snatched star banking partners Andrea Arosio and Dario Longo from Pedersoli e Associati, as the firm continues to rebuild its Italian offering. The move comes two weeks after the hire of banking and finance partner Davide Mencacci from Allen & Overy’s Milan office. Linklaters Milan partner Sarosh Mewawalla said: “Effectively our strategy is […]

Paul Hastings: Associates do it better

Paul Hastings has bounced back from a hell of a year with a whopping 84 per cent growth in London revenue. Following the loss of real estate partners Jeff Bailey and Nigel Heilpern to DLA Piper and Fried Frank Harris Shriver & Jacobson respectively, the firm has focused on recruiting associates rather than glitzy (and […]

DLA Piper wins third world debt fight with vulture fund

DLA Piper has won a moral victory for the Zambian Government today as the High Court delivered a scathing attack on the claimants in a judgment that will have widespread repercussions for debt in the Third World. Investment funds company Donegal International brought proceedings in the Commercial Court to enforce a claim again the Republic […]

CC and Cleary reprise LCH-Euronext roles

LCH.Clearnet and Euronext have turned to their respective longstanding advisers to steer them through their restructuring, instructing Clifford Chance and Cleary Gottlieb Steen & Hamilton. Clearing house LCH.Clearnet, advised by Clifford Chance, has agreed to buy out Euronext, which is its biggest shareholder with a 41.5 per cent stake. The agreement will see this stake […]

CC revamps London capital markets team

Clifford Chance is set to overhaul its London capital markets practice in a move which will see the firm combine three of its specialist capital markets groups. The magic circle firm has announced plans to widen its capital markets practice to include its debt and equity capital markets, structured debt and corporate trusts groups. A […]

High Court downs Govt nuclear programme

Environmental boutique Harrison Grant blew the Government’s nuclear power plan to pieces today (15 February) as the High Court ruled the Department for Trade and Industry’s consultation process into alternative energy resources was “seriously flawed”. Harrison Grant, acting on behalf of Greenpeace, challenged the Government’s decision to support new nuclear power stations as part of […]

Paul Hastings’ London revenue rockets 84 per cent

Paul Hastings Janofsky & Walker has reported a staggering 84 per cent increase in London revenues, conclusively surpassing the results of many of its US rivals. The London office reaped in gross revenues of $21.4m (£11.6m) in 2006 up from $11.6m (£6.4m) the previous year. Chairman Seth Zachary said the office was the firm’s “busiest” […]

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