21 October 2002

Clifford Chance New York slammed by its own associates

13 page documents details Clifford Chance associates’ grievances that range from the firm’s billable hours target to poor communication The memo, which has been seen by The Lawyer, identified the following primary areas that associates are dissatisfied with. They are:the 2420 annual billable hours target; a perceived sense of chaos with the; assignment system; a […]

Camerons appoints new Moscow managing partner

Former managing partner seconded to CMS German member, Hasche Sigle, to strengthen M&A capability CMS Cameron McKenna has replaced its Moscow managing partner, John Hammond, with Moscow banking and corporate finance partner David Griston. Hammond has now been seconded to the German member of Camerons’ CMS network, Hasche Sigle. He has been charged with strengthening […]

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White & Case has bumped up its capital markets capacity after recruiting a structured finance specialist from Linklaters. David Barwise will join White & Case¹s capital markets practice as a partner under the direction of Rich Reilly who has a strong background in Collateralised Debt Obligations (CDO) and has acted for the likes of Morgan […]

Ashursts attacks Japanese market with bengoshi hires

Ashurst Morris Crisp follows Sidley Austin’s lead in establishing Japanese joint venture Ashurst Morris Crisp has joined international competitors with a push into Japan, by appointing two Japanese bengoshi from Blakemore and Mitsuki. Shoji Ushijima joined the Ashurst’s office in October and will be joined by colleague Yukiko Mitsuhashi in November. Both bengoshi specialise in […]

European Court of First Instance slams Competition Commission

Commission’s decision to block Schneider-Legrand merger severely criticised by European Court of First Instance; decision on Tetra Laval expected next week The European Court of First Instance has dealt the Competition Commission a major blow overturning the EU regulator’s decision to block the Schneider-Legrand merger just months after slating the regulator’s decision in the Airtours […]

Insurers to gain extra £55m from law firms

Solicitors’ professional indemnity premiums rise from £141m to £221m in a year Insurers will earn an extra £55m from solicitors this year as a hardening market forces up total premiums by 25 per cent to £221m. Figures released by Zurich Professional, obtained from the Law Society Assigned Risks Pool (ARP), show that the 9,500 law […]

Firms await Telia-Sonera merger

Telia general counsel Jan-Henrik Ahrnell is to head the Telia-Sonera legal department following the largest Nordic merger in history. Sweden’s Telia launched its offer to Sonera shareholders two weeks ago and looks set to dominate the new partnership. Telia’s legal department outnumbers Sonera’s department, with 55 lawyers to Sonera’s 20. The merger will spark a […]

Ford forces firms into bidding war

The Lawyer has learnt that Ford Motors has asked 20 firms to pitch for its new panel as it battles to curb its £10m annual legal spend and improve the quality of service it receives. According to a City source, the ailing automotive giant has said it is determined to slash its annual UK legal […]

OFT gets tough on sportswear cartels

The Office of Fair Trading (OFT) has launched an investigation into possible price-rigging across the branded sportswear sector. Should the investigation proceed, the law firms and barristers already involved on the related football shirt price-rigging investigation stand to rake in hundreds of thousands of pounds extra in fees. An OFT spokesperson told The Lawyer: “We’ve […]

Charity acts

Always one to lend his support to charity, Tulkinghorn recently found himself at a fete run by DJ Freeman to raise money for the Royal Marsden breast cancer campaign. Although the event sported a wide range of stalls and auctions, Tulkinghorn’s particular interest focused on the evening’s entertainment, starring a number of partners strutting their […]

Film bluffs

Tulkinghorn realises that City law firms should grab every available opportunity to associate themselves with the cool and glamour of Hollywood, but Allen & Overy’s (A&O) latest desperate attempt falls short in every department. Picture the scene. Marketing executives and partners enter a huddle to decide the name for their seminar on the wireless industry. […]

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