31 January 2005

Latham swoops for Herbert Smith star

Latham & Watkins has secured a coup with the hire of Herbert Smith’s head of public international law, Robert Volterra. Volterra is regarded as the UK’s market leader in public international law and was responsible for spearheading Herbert Smith’s practice, which has become widely recognised as preeminent in the UK. While at Herbert Smith, Volterra […]

Linklaters appoints new European managing partner

Linklaters has appointed Paris managing partner Jean-Marc Lefèvre as its new European managing partner. In taking up the role, Lefèvre will hand over management responsibilities for France to Thierry Vassogne, although he will continue as co-head of Linklaters’ Paris office. Lefèvre took up his new responsibilities on 1 February for an initial period of three […]

Kirkland raids Gibson Dunn for restructuring star

Kirkland & Ellis has raided Gibson Dunn & Crutcher to secure the firm’s high profile restructuring head, Rick Cieri. Cieri is best known for his work for debtors and secured creditors and was debtors’ counsel in a host of Chapter 11 cases and restructurings including those of Solutia, Napster and Trans World Airlines. He joins […]

Hammonds prepares for profit crash

Hammonds is reducing partner drawings by an average of 12 per cent in anticipation of a “significant” drop in UK profitability. The firm is also carrying out a programme of redundancies among fee-earners and support staff. Hammonds’ management made the announcement to partners earlier this week as part of a wide-ranging review designed to cut […]

White & Case overhauls remuneration system

White & Case has unveiled its new look partner compensation system after concluding its sweeping remuneration review earlier this year. As exclusively revealed by The Lawyer (15 November, 2004), White & Case kicked off the review last year with the establishment of a remuneration committee. The group, headed up by New York partner Kevin Barnard […]

Ashurst sends troubleshooter to Germany

Ashurst is to send out private equity partner Simon Beddow to head up its German practice. Beddow, has been troubleshooting in the firm’s Paris office since last year. He was sent over to France in the wake of the departure of rainmaker Thomas Forsbach to Latham & Watkins. Beddow takes up his new position on […]

Lewis Silkin files Villalba appeal

Lewis Silkin has filed an appeal on behalf of its client Stephanie Villalba, the former investment banker who lost her sex discrimination case against Merrill Lynch in December. The firm had 42 days to appeal against the December decision of the Croydon employment tribunal, which found that Merrill Lynch had not discriminated against Villalba on […]

DLA gains German insurance capability with CC hire

DLA Piper Rudnick Gray Cary has secured German insurance capability for the first time with the hire of Clifford Chance insurance expert Dr Herbert Palmberger. Palmberger was counsel at Clifford Chance in Dusseldorf and will be based in DLA’s Cologne office. Prior to joining CC, Palmberger worked inhouse at a range of insurance and reinsurance […]

Broadband is a boost for online recruitment

The increased use of broadband as a connection method amongst UK internet users will provide a boost for employers wishing to take advantage of the internet as a recruitment tool. OfCom figures show that broadband now accounts for approximately one third of all domestic internet connections. The figures also show that 7.5% of the UK […]

Forsters bolsters private client team with Kirkpatrick hire

Mayfair firm Forsters has raided Kirkpatrick & Lockhart Nicholson Graham to bolster its private client team. Partner Carole Cook and consultant Eliza Mellor joined Forsters today (1 February), increasing the firm’s private client team to seven partners and two consultants. Cook and Mellor specialise in providing tax and trust advice to individuals, trustees and companies, […]

Lovells concludes lockstep review

Lovells has concluded a consultation exercise on plans to overhaul the firm’s lockstep. Partners at the firm were given until Monday (31 January) to submit their comments to a working party, headed by senior partner John Young, on how the lockstep should be restructured. As first revealed in The Lawyer (10 January), Lovells is considering […]

UK revenues show the way for Reed Smith

Reed Smith’s UK revenues comfortably outstripped the rest of the firm with turnover rising 29 per cent during the last year to $36.2m compared with a 19 per cent rise across the whole firm. UK profit per equity partner for 2004 was up 6.8 per cent to $768,500 (£407,000). Total firm revenue in 2004 was […]

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