3 July 2006

Herbies raids Lovells for Paris finance team

Herbert Smith has raided Lovells’ Paris office for a two-lawyer team to strengthen its acquisition finance offering. Lovells equity partner Jacques Bertran de Balanda and senior associate Regis Oreal will both join Herbert Smith as partners in its finance practice. Finance chief Jason Fox told The Lawyer: “This is a very exciting development for the […]

BLP faces £3m client refund

Berwin Leighton Paisner (BLP) may be forced to pay back up to £3m to long-standing client Alpha Airports for damages claimed to have arisen from the firm’s advice on a £7.5m catering contract with Icelandic charter airline Excel Airways. Alpha had its shares suspended in April until this week and has seen three top executives […]

Travers turnover up 25 per cent

Travers Smith has posted significant increases in both total revenues and profits for the 2005-06 financial year. Turnover at the City firm rose 25 per cent to £68.1m while average profit per equity partner smashed the £700,000 barrier, at £705,000. Managing partner Chris Carroll said trading conditions had been “very benign”. He said the increase […]

SJ Berwin strengthens TDR bond with billion-pound fund

SJ Berwin has firmed up its relationship with private equity house TDR Capital following former corporate finance partner Blair Thompson’s appointment as the group’s chief cooperating officer (COO) in May. The silver circle firm advised the private equity house on its successful €1.75bn TDR Capital II fund raising. The fund, which follows TDR’s first €550m […]

Cadwalader turns to A&O to fill tax gap

Cadwalader Wickersham & Taft has finally filled the vacancy in its tax group hiring a senior associate from Allen & Overy after the firm’s last appointment was convinced to stay at Clifford Chance. Adam Blakemore will join Cadwalader’s London office as a partner in August. He specialises in the tax aspects of securitisations and structured […]

DWS snares French ally for insolvency push

Denton Wilde Sapte has launched an association with French independent Poulain & Associés to strengthen its French insolvency expertise. The two firms began working together on 1 July, pooling their knowledge in restructuring and private equity work. The association is to be run by Poulain partner Philippe Matignon and Dentons partner Constantin Achillas. The new […]

Hogan swoops on Shearman London for M&A star

Shearman & Sterling’s London office has been hit by the departure of highly rated M&A partner Jonathan Coppin for the UK arm of Hogan & Hartson. Coppin, who joined Shearman four years ago from Norton Rose following a protracted search for a senior M&A partner, will head up Hogan & Hartson’s developing London M&A and […]

Spanish independents repel Anglo-Saxon competition with record year

London’s magic circle has profited from a buoyant legal market in Spain, but is still a long way from challenging Madrid’s local elite. This year Garrigues strengthened its position as Spain’s largest law firm, growing 10 per cent to record revenues of €193m for the year. Clifford Chance was the UK’s top representative in Spain. […]

Norton Rose PEP and revenue inch up

Norton Rose has recorded a sluggish year of growth, with turnover up just 3.5 per cent and average profit per equity partner (PEP) up by 4.7 per cent. The firm’s PEP for the last financial year was £445,000, up from £425,000 in 2005. Turnover was £210m, a 3.5 per cent rise from last year’s £203m. […]

A&O confirms 20 per cent PEP rise

Magic circle firm Allen & Overy (A&O) has posted double digit growth in both its turnover and profit but it still lags behind its magic circle rivals. As first revealed in The Lawyer on Monday (July 3) A&O has seen average profit per equity partner (PEP) jump by 20 per cent from £656,000 to £787,000 […]

LeBoeuf raises NQ salaries in London to match US peers

LeBoeuf Lamb Greene & MacRae has matched other US firms in London by raising its newly qualified (NQs) salary to £75,000. The US firm has raised its NQ salary by £10,000 on its previous rate, and increased trainee salaries up from £33,000 and £37,000 for first and second years to £36,000 and £39,000 respectively. This […]

CC appoints ‘people partner’ to aid career development

Clifford Chance has picked its first people partner to help drive forward the firm’s HR policy as well having overall responsibility for career development. New York employment partner Blair Soyster will take up her new full time global role from September. She will report to the managing partner David Childs. Childs said: “We believe that […]

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