15 December 2008

Paul Hastings lawyer suspended over insider dealing claims

Paul Hastings Janofsky & Walker lawyer Eric Holzer has been suspended from the firm over his alleged part in suspected insider trading at Lehman Brothers. Holzer, a tax associate in the New York office of Paul Hastings, is accused of being part of an insider trading ring with Lehman traders Jamil Bouchareb, Daniel Corbin, Frederick […]

Trio of firms advise on Shard of Glass financing

Eversheds, Norton Rose and Rosenblatt have snared key roles in a deal to secure a new funding package for construction of Europe’s tallest building. Eversheds, Norton Rose and Rosenblatt Solicitors have snared the key roles in a deal to secure a new funding package for the construction of Europe’s tallest building – the Shard of […]

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Channel 4 names new legal head

Channel 4 has promoted Prash Naik to the role of controller of legal, replacing Jan Tomalin, who has left to set up her own firm. Naik will be responsible for all legal and compliance issues at Channel 4, reporting to finance director Anne Bulford. Previously Naik was deputy head of legal. Naik has been with […]

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Leeds’ Lupton Fawcett takes over Fox Hayes

Leeds’ Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, as it seeks to more than triple in size in three years. Lupton Fawcett takes over Fox Hayes” />Leeds firm Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, […]

Promotions down at Dechert and Reed Smith

US firms Dechert and Reed Smith have shown their confidence in the London market by making up new partners in the City, despite making fewer promotions overall than last year. Dechert made up a single UK partner, London-based funds specialist Gus Black, alongside five promotions in its US offices. Last year, from nine promotions at […]

Over and out

According to the rumour mill, once one of the 95 Hammonds employees currently in consultation has been told they’re out, they’re shown the door. Literally that day. No time to finish off any work they’ve got on – just enough to clear their desks. One source close to Hammonds tells The Lawyer he was surprised […]

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MoFo promotes 10 to partnership

Morrison & Foerster has added 10 to its partnership in its latest round of promotions. The US firm more than halved the number made up year-on-year, having promoted 27 in 2007. Of the promotions, the London office has received one this time round. The firm’s US offices received the highest number of new partners with […]

BLP signs alliance with leading Russian lawyers

Berwin Leighton Paisner (BLP) is set to create an alliance with part of Moscow-based Pepeliaev Goltsblat & Partners (PGP). PGP is set to split due to the firm’s name partners taking different views on the tie-up with BLP, according to Russian media. A BLP spokesman confirmed that the firm is in the advanced stages of […]

CC, O’Melveny advise on £1.8bn fund raising

Clifford Chance and O’Melveny & Myers have jointly advised emerging markets private equity house Actis on a rare fundraising in persistently challenging markets. Actis, which focuses exclusively on emerging market investments, has raised a total of $2.9bn (£1.88bn) for Actis Emerging Markets 3. At Clifford Chance, partners Jason Glover and Ed Gander and associate Peter […]

Beachcroft’s LLP filing reveals profit drop in 2007-08

Profits at Beachcroft dropped by £4m during the 2007-08 financial year, from £29.3m to £25.1m, as revenue remained static at £114m. According to the firm’s LLP accounts for the period, tangible fixed assets increased in value by £2.6m over the same period. The firm moved into new offices in Bristol in April 2008. Cash at […]

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Firms give out New York holiday as Xmas present

Manchester firms JS Miller and Geoffrey Miller Solicitors have defied the credit crunch and taken all staff on holiday to New York for a Christmas party. The move bucks the trend of law firms cancelling Christmas parties in response to the economic downturn. Jeanette Miller, senior partner of both firms, said: “I promised this trip […]

Former Thacher partners lobby to retrieve cash

Former partners of Thacher Proffitt & Wood have formed a pressure group to campaign for more transparency during the US firm’s merger talks with King & Spalding. The group formed after the two firms were rumoured to be exploring a possible merger. Former partners with a significant financial interest in the firm are concerned about […]

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