15 May 2006

Linklaters smashes £1m PEP barrier

Linklaters average profits per equity partner (PEP) has broken the £1m mark for the first time following an impressive 26 per cent increase in PEP. The magic circle giant’s average PEP reached £1.062m for the 2005-06 year, up from £843,000 in 2004-05. This places Linklaters in direct competition with Slaughter and May – the only […]

Freshfields and Lovells scoop Advent-RWE deal

Freshfields Bruckhaus Deringer and Lovells have advised on the EUR1.7bn sale of an RWE subsidiary to US private equity house Advent International. German utility RWE has sold its energy services subsidiary, RWE Solutions Group, to Advent. The acquisition includes SAG, Nukem, RWE Industrie-Lösungen, RWE Space Solar Power and Lahmeyer International which generated combined net sales […]

Orrick launches Roman corporate practice

Orrick has launched a corporate practice in Rome, snapping up corporate boutique Tantalo & Associati. Managing partner Pietro Tantalo joins Orrick as head of the Italian corporate and brings along a team of five associates. Rome managing partner Patrizio Messina told The Lawyer: “He is a well-known lawyer in the Rome corporate finance and private […]

Legal executives win advocacy right

Legal executives will be allowed to appear in a range of new courts, after being granted extended rights of audience by the Lord Chancellor. The Institute of Legal Executives (ILEX) president, John Wells, announced that the Lord Chancellor has approved ILEX’s application for the extended rights yesterday. The decision means that legal executives will now […]

Law Soc slashes staff as cost-cuts begin

The Law Society is beginning a programme of cost-saving redundancies, citing the results of a recent consultation as the catalyst. The society’s representative side, which employs around 300 staff, has told 11 people that they are likely to be made redundant as well as freezing a further 12 posts which were due to be advertised. […]

A&O scoops O’Melveny partner in NYC

Allen & Overy has further bolstered its New York presence with the hire of banking specialist Elizabeth Leckie from O’Melveny & Myers.Leckie’s hire follows that of structured finance partners Howard Goldwasser and Lawton Camp from the New York office… Allen & Overy (A&O) has further bolstered its New York presence with the hire of banking […]

North West boom helps Brabners to record year

Brabners Chaffe Street has broken through two significant financial barriers as North West firms continue to post strong end-of-year results. The firm’s turnover rose by 20 per cent to £21m, with average profit per equity partner (PEP) soaring by 30 per cent to a predicted £340,000, up from £260,000 last year. The announcement comes just […]

BLP fights drought with first order in 11 years

Berwin Leighton Paisner (BLP) has moved to help turn off taps across the South East with its water utilities practice securing the first drought order in 11 years. The firm, led by water sector practice group head John Hurdley, advised Sutton and East Surrey Water in the drought order application. BLP assisted the water utility […]

SIF chief elected Law Soc deputy VP

Solicitors Indemnity Fund (SIF) chair Paul Marsh has been elected as the next deputy vice-president of the Law Society, beating candidates including former Beachcroft managing partner Bob Heslett and maverick Council member Christopher Digby-Bell. Marsh’s election was announced this morning (18 May). A property lawyer with Kingston firm Carter Bells, Marsh has been chair of […]

BOC to launch first MBA for in-house counsel

Global industrial gases group BOC is poised to launch the UK’s first ever MBA designed specifically for in-house lawyers. BOC is planning to launch the MBA-style course, which is the brainchild of group legal director and company secretary Nick Deeming, later this year. “As an in-house lawyer you can end up looking like your external […]

BLG unveils poor financials as revenue dips

Barlow Lyde & Gilbert (BLG) is bracing itself for a drop in turnover despite being involved in a number of high-profile cases including Equitable Life. Senior partner Richard Dedman told The Lawyer that preliminary results for the past financial year showed that income was down by two per cent, meaning revenues dip to around £78m […]

OC reshuffles management and Rendell gets London job

Osbourne Clarke has placed IT partner Simon Rendell in charge of its London office, after former head Tim Birt was elected senior partner. As part of the management reshuffle, Paul Gardner replaces Rendell as head of the firm’s commercial practice group. Gardner is a specialist in the video games and interactive entertainment industry. Simon Beswick, […]

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