13 March 2006

Freshfields managing director quits

Freshfields managing director Kirk Stephenson has resigned from the magic circle firm in the first internal shake-up since its management election last year. Stephenson’s resignation, which will be seen as marking a break from the old management team, was announced to partners yesterday. Stephenson joined Freshfields as finance director in 1999 after spells as FD […]

Lovells scores £9bn Vodafone deal for SoftBank

Lovells’ Tokyo arm has scooped the lead advisory role for SoftBank on the Japanese internet service provider’s £9bn purchase of Vodafone’s flagging mobile telecoms business. Vodafone has rejected proposals by private equity firms Cerberus and Providence and Kohlberg Kravis Roberts, instead deciding to proceed with its advanced negotiations with SoftBank. Lovells corporate partner Tim Lester […]

CC appoints new London head for key tax group

Clifford Chance has elected a new London head for its tax pensions and practice as its gears up for elections for two new executive partner jobs. Nick Sherwin takes over the role from 1 April from Robin Tremaine. Sherwin has been a partner at Clifford Chance since 1993 and currently heads the pensions group within […]

Slaughters under fire after British Energy probe

Slaughter and May racked up fees of £7m advising the government on the British Energy restructuring, it emerged today (17 March) – but the National Audit Office (NAO) has criticised the way the firm was appointed. In its report on the restructuring, the NAO criticised the Department of Trade and Industry (DTI) for not running […]

Clydes in fresh push on Dubai

Clyde & Co has beefed up its Dubai office with the transfer of a key equity capital markets partner from the UK. Catherine Moss will relocate to the Dubai office, taking the number of partners there to 11. She is the second Clydes partner to move in recent months following the relocation of partner Brian […]

Baker & McKenzie lands lead role on Body Shop takeover

Baker & McKenzie has scooped the lead advisory role on the agreed £650m cash offer by L’Oreal and Body Shop. The firm won the instruction from long-term client The Body Shop. L’Oreal is also a Baker & McKenzie client, but the French cosmetics giant waived the conflict to allow the firm to act on the […]

McGuireWoods finalises US merger

McGuireWoods has sealed its second US merger in as many months. The 750-lawyer Richmond-based firm, which posted revenues of $344m in 2004, plans to takeover 40-lawyer Los Angeles-based Van Etten Suzumoto & Becket. In January the firm also agreed a merger with Chicago-based Gordon & Glickson. That deal boosted McGuireWoods’ Chicago office to around 150 […]

Proskauer makes four-partner DC raid on Heller

West Coast giant Heller Ehrman has lost four life sciences and IP partners to New York-based Proskauer Rose. Colin Sandercock, formerly co-chair of Heller’s patents & trademark group, John Isacson, Paul Booth and David Laub all come from Heller’s office in DC, and will join Proskauer’s office in the same city. John Isacson practices US […]

Institute of Arbitrators and Disputes Panel forge alliance

The Chartered Institute of Arbitrators and the City Disputes Panel are to pool resources in a new cooperative agreement announced today (16 March). The agreement is for an initial three-year period and will see the City Disputes Panel move from its current Fleet Street offices to the institute’s headquarters in Bloomsbury. The two organisations, which […]

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Fennemores collapses as three more partners quit

Fennemores is set to dissolve this autumn after three partners and a large team of lawyers announced they were joining rival Milton Keynes firm Geoffrey Leaver Solicitors. The embattled £11m turnover firm has been hit by a series of departures during the past months, beginning with the resignation of three partners in November 2005 to […]

Freshfields sues CC for MFI

Freshfields Bruckhaus Deringer is representing MFI Furniture Group in their £10m lawsuit against magic circle rival Clifford Chance. Furniture retailer MFI and its joinery business Howden are suing Clifford Chance for up to £10m in damages for its alleged role in the furniture group’s £207m pension deficit. It is understood that MFI is claiming that […]

Eversheds loses Leeds pensions head to raid by Pinsents

Pinsent Masons has raided Eversheds’ Leeds pensions team, snaring head of pensions Jacqui Timmins and her colleague Anthea Whitton for its Leeds office. The pair are set to join Pinsents as partners, with Timmins becoming head of the pensions team in Leeds. The announcement is in line with the firm’s strategy to grow its pensions […]

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