17 March 2003

Charles Russell slashes 19 in staffing review

Charles Russell has made eight lawyers and eleven other staff redundant across its three offices in London, Guildford and Cheltenham. No associates, the grade above assistant at the firm, or partners have been affected. See next Monday’s issue of The Lawyer for more details.

Kendall Freeman snubs Clydes' merger offer

Clyde & Co is leaving the door open to a possible merger with newly formed firm Kendall Freeman, despite the insurance and litigation boutique vowing that merger is not on the cards.DJ Freeman’s insurance and litigation partners, soon to be known as Kendall Freeman, were in negotiations with Clydes at the same time as the […]

CC asset finance team reunites at DWS

Denton Wilde Sapte (DWS) has boosted its asset finance group with the appointment of new partner Serge Sergiou, an aircraft and rail specialist from Clifford Chance.The appointment sees Sergiou, previously a senior associate, reunited with three of his former Clifford Chance team, including Nick Chandler, who now heads the DWS asset finance team, Paul Holland […]

Bahamas gives green light to controversial investment vehicles

A controversial Bahamian draft bill is likely to lead to the introduction of investment foundations, the vehicles sometimes associated with fraudsters such as Robert Maxwell.For years Liechtenstein has borne the brunt of international concerns over these foundations, which many believe are not audited properly and not transparent because they do not have to disclose the […]

Olswang planning chief quits ahead of DJ Freeman deal

Olswang head of planning Richard Max is leaving to set up his own firm, opening the door for DJ Freeman’s head of planning Karen Howard to take over the reins.Ironically, Max is a former DJ Freeman partner, although it is understood that his decision was made before the announcement of Howard’s imminent arrival at Olswang.Max […]

TXU: A&O's Chinese wall protocol stalled by own client

Allen & Overy’s (A&O) attempts to get the Commercial Court to rubber-stamp its decision to act for a number of competing creditors on the TXU Europe administration have been scuppered by one of its own clients. A&O is acting for TXU joint administrator KPMG, TXU’s banks, TXU power company creditor Barking and the bankers for […]

Trowers ups alert in Bahrain ahead of war

Trowers & Hamlins has placed its Bahrain office on near full alert in response to the escalation of tension in the region.The office is now on level four alert, giving staff the option to leave if they wish. At level five, the highest level, all but a skeleton staff must leave and those who remain […]

Fraud set born from 4KBW seeks image overhaul

The new specialist fraud set launching on 1 April from members of Robert Rhodes QC’s 4 King’s Bench Walk (4KBW) will abandon the traditional practice of having a chambers head in a bid to create a more corporate, less stuffy image.Based in Clerkenwell, the new set will be called Lombard Chambers and will comprise all […]

A&O cashes in on extra £6m as Marconi fees spiral

Allen & Overy (A&O) could be in line for an additional £6m in fees for its role on the complex restructuring of Marconi, on top of the estimated £25m the firm is expected to gain from the deal.Details from Marconi’s draft scheme of arrangement, published today (18 March), show that as well as the total […]

Norton Rose Bahrain chief vows to stay in the country

Staff from Baker & McKenzie and Norton Rose are staying in Bahrain despite warnings from the Foreign and Commonwealth Office (FCO) to evacuate all British nationals except for those whose “presence is essential”.The FCO has itself reduced its Bahrain Embassy staff to core level, which will seriously restrict consular services. Yesterday (Monday 17 March) the […]

Freshfields, Goodbodys in £15m Eircom sweep

Magic circle firm in fee bonanza; £9m bill on Eircom and £11m on Carnival It has emerged that Ireland’s biggest ever take private Eircom yielded almost £15m in fees for the two main advisers to the victorious Valentia consortium: Dublin firm A&L Goodbody and Freshfields Bruckhaus Deringer. Goodbodys billed e8.5m (£5.8m) in fees on the […]

Legal Widow

Because she is too young to go on marches, Subjudice is registering her opposition to any forthcoming war by engaging in civil disobedience She liberated some crucial equipment: a roll of clingfilm, several plastic shopping bags and Liability’s bucket and spade, and spent a quiet Saturday morning digging up the garden. I thought she had […]

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