7 January 2008

Harneys promotes record four to partnership

Offshore firm Harneys has made up a record four lawyers to partner-level in the latest round of promotions, boosting its partnership to 14. Tim Clipstone and Ross Munro have been promoted in the firm’s investment funds practice in the British Virgin Island (BVI). Chris Young has been promoted to the partnership in the BVI litigation […]

The meter’s running on tax-free taxis.

The meter’s running on tax-free taxis.11-Jan-2008Soon hordes of lawyers will roam the City’s streets after dark and clog up the Underground (that’s a big tunnel with a train in), trying to find their way home. The time-honoured perk of a free taxi home is under attack from those pesky Revenue bureaucrats. Soon hordes of lawyers […]

Links’ German head steps down amid restructure

Linklaters‘ German management structure overhaul is nearing completion with the managing partner position disappearing as Markus Hartung steps down. Hartung, who has led the German practice since 1999, is to focus on his lititgation and arbitration fee-earning work. Plans for the new management structure, which will see Michael Lappe continue as German senior partner as […]

BLG bags OFT lawyer for competition push

Barlow Lyde & Gilbert has ramped up its competition team with the hire of Office of Fair Trading (OFT) lawyer Sheila Tormey. Tormey, who joined BLG at the beginning of the year, leaves the OFT after three years. During her spell there she led a number of investigations, including an inquiry into newspaper and magazine […]

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Law firms ready themselves for huge taxi bill

Free taxis home for late-working lawyers could be under threat from new guidance published by HMRC. The guidance could expose firms paying for employees’ taxi journeys to significant tax charges, because taxi journeys could be classed as an income taxable “benefit in kind”. One magic circle tax partner said: “To be honest, the new guidance […]

A&O scoops Italian banking team

Allen & Overy partner Stefano Sennhauser has raided his former firm Freshfields Bruckhaus Deringer for a team of six banking associates in a move that heralds a renewed focus on Italy by A&O. Sennhauser, who quit Freshfields in October 2007, has now arrived at A&O as a banking partner in the firm’s Milan office. He […]

Eversheds advises JP Morgan on Northern Rock deal

Eversheds is the latest firm to land a role on the Northern Rock saga, advising JP Morgan in the purchase of £2.2bn-worth of mortgages from the stricken lender. This is the first time the firm has done transactional work for the investment bank. The deal, announced today (11 January), sees JP Morgan take on Northern […]

Clifford Chance revamps partnership council

Clifford Chance revamps partnership council” />Clifford Chance has elected four new members to its partnership council with each set to serve a two-year term. Three of the four, Esther Cavett, Andrew Forryan and Alex Panayides, have joined as representatives of London and Dubai with the remaining electee, Amsterdam-based Jeroen Koster, representing continental Europe. In welcoming […]

Appleby bolsters Jersey offering with three hires

Offshore giant firm Appleby has raided rival Ogier to hire Jeremy Leese into its corporate and commercial practice group. He rejoins the firm as an associate in Jersey after a short stint at Ogier. He previously worked in Appleby’s Bermuda and Hong Kong offices in the late 1990s and early 2000s. Leese said the move […]

Howrey takes Simmons and Taylor Wessing partners

Howrey has boosted its London IP group with two new partners, taking Marjan Noor from Taylor Wessing and Paul Inman from Simmons & Simmons. The hires continue Howrey’s London IP expansion and mark its second raid on Taylor Wessing. Last year the firm brought in life sciences partner Mark Hodgson from Taylor Wessing as well […]

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SRA rejects referral fees ban

The profession will escape a full ban on referral fees but tighter measures will be introduced to cut down abuse of the system. It follows a year-long review of the system after the Law Society found there to be “significant breaches of the referral arrangement rules, including the core principles”. The SRA board said its […]

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Clarke Willmott and Lovells settle Equitable Life claims

More than 400 claimants have settled a mis-selling claim against Equitable Life because of the financial complexities of the case. The 407 claimants, who had an average age of 74, alleged Equitable Life sold them life insurance annuities between 1990 and 2000 but failed to explain the risks involved with the financial product. They also […]

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