20 November 2006

New Turin boutique throws down gauntlet to rivals

The managing partner of Turin-based Bin Avvocati Associati will set up his own corporate boutique, taking three Bin Avvocati partners with him. Fabio Alberto Regoli, who was at Allen & Overy (A&O) before he became Bin’s first managing partner in 2004, will set up his own independent firm to go head-to-head with his former A&O […]

SJ Berwin’s new bonus structure’s a bit rich

SJ Berwin associates are going to have a nice weekend. As we exclusively reveal today (see story), the silver circle firm is putting in place a bonus structure where associates can earn up to 75 per cent of base salary. Yes, you read that right. The increase means that a two year-PQE associate earning £66,000 […]

O’Melveny London star defects to Addleshaws

O’Melveny & Myers has lost private equity star Andrew Carpenter, who is to join Addleshaw Goddard. Carpenter will head Addleshaw’s private equity group, giving the firm six partners, three of whom are based in London, and a high profile presence in the market. Carpenter was one of the founding partners of O’Melveny’s London relaunch in […]

SJ Berwin associates in line for giant bonus

SJ Berwin has overhauled its pay structure, handing its associates bonuses of up to 75 per cent of base salary.The increase means that a two-year PQE associate earning £66,000 could be eligible for a bonus of up to £49,500, boosting their total earni… SJ Berwin has trumped Allen & Overy’s market-shaking associate salary shake-up, overhauling […]

Shearman’s new Paris head targets growth

Shearman & Sterling’s new Paris office head Emmanuel Gaillard has pledged to dramatically increase the firm’s French corporate offering. Gaillard, previously international arbitration head, takes over from Robert Treuhold as Paris managing partner, several years after handing over to Treuhold. Speaking to The Lawyer, Gaillard said he wants to double the size of the corporate […]

Sidley, Cahill and Cravath cash in on M&A frenzy

The last seven days has seen unprecedented M&A activity on both sides of the Atlantic, gifting work to a slew of the world’s top firms. More than £50bn has been put on the table in just five deals since 17 November. US heavyweights Sidley Austin, Cahill Gordon & Reindel and Cravath Swaine & Moore have […]

Falconer: Legal privilege to extend to non-lawyers

Accountants and other professions will be given legal professional privilege if they work in partnership with lawyers under the terms of the Legal Services Bill, published today (24 November). The shock news is one of the few major changes to the draft legislation which was published in May this year. It follows scrutiny to the […]

£48m Charman divorce case set for appeal

The Court of Appeal is set to hear one of the UK’s largest divorce cases, Charman v Charman, after John Charman was granted leave to appeal. In July Charman was forced to pay out £48m to his estranged wife Beverley Charman, one of the largest ever sums to be awarded in the UK divorce courts. […]

US in-house counsel lose out on bonuses

US-based general counsels have seen their base salaries rise by an average of 8 per cent during 2006, according to the latest survey of corporate legal counsel salaries. Deputy general counsels fared almost as well, seeing their average base salaries rise by 7 per cent during 2006. The change in base salary saw US general […]

Bristows loses IP team to start-up boutique

Bristows is bracing itself for the departure of a five partner IP litigation team, who are leaving to set up their own boutique. The partners are serving out their notice period, which ends in March next year. Pat Treacy, Bristows joint managing partner, said: “We’re sorry that they’re leaving but we still feel Bristows will […]

Simmons left red-faced over green gaffe

Simmons & Simmons is being very naughty. We’re all for going green, but the City firm has been spinning a little too much in its latest release. It’s claiming to be the first international law firm to go carbon-neutral. Wrong. Let’s hope managing partner Mark Dawkins doesn’t pursue that line too much. It’s rather offended […]

Simmons joins green bandwagon

Simmons & Simmons is to become carbon neutral, after an environmental audit revealed that the firm had to spend £114,000 in green projects to offset its carbon footprint. The firm’s five-person environmental committee – created two years ago, with members from across the firm, not just lawyers – will decide on Monday (27 November) how […]

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