Durham County Council puts its search for a new general counsel on hold. Durham County Council has rejected mimicking Kent County Council’s ’private practice’ model for its in-house legal team after putting its search for a new general counsel on hold. Local councils around Durham are due to merge into a single authority in April, […]
Durham County Council puts its search for a new general counsel on hold. Durham County Council has rejected mimicking Kent County Council’s ’private practice’ model for its in-house legal team after putting its search for a new general counsel on hold. Local councils around Durham are due to merge into a single authority in April, […]
Hourly rates a thing of the past as elite firm joins the rank and file and offers clients ‘value billing’ Slaughter and May has modified its billing practices to embrace discounts and fixed fees, as in-house lawyers hike the pressure to abandon hourly rates. The firm now mainly uses ‘value billing’, whereby an estimate is […]
Freshfields Bruckhaus Deringer has cemented its relationship with British Land by acting on the group’s £740m rights issue. The company said the issue would firm up its balance sheet but the move sent share prices in the property sector tumbling. Freshfields corporate partners Julian Long and Sarah Murphy led the team, while Linklaters corporate partner […]
Both Hammonds and a group of former partners locked in a profits dispute are hailing a High Court judgment handed down today Mr Justice Warren ruled that the former partners may be bound by the Hammonds partnership deed to pay back anticipated profits which they received over a two year period until 2005. Simon Miller, […]
According to one magic circle trainee there is an unwritten ‘legal dating code of conduct’:1) never date someone from your own firm, and2) always date below your firm’s ranking to increase your chances of getting lucky. The trainee in question claims his foolproof method works, and has even tested it out in a bid to […]
Today is Friday the 13th. But yesterday was the date that was truly unlucky for some. In a few hours on Thursday afternoon, one US firm after another lined up to announce layoffs. DLA Piper cut 180, including 80 lawyers (see story). Goodwin Procter laid off 38 lawyers and a total of 74 positions (see […]
Former Northern Rock shareholders are to appeal today’s High Court decision that the Government does not have to compensate them. Former shareholders in nationalised bank Northern Rock will appeal today’s High Court decision, which found that the Government has no obligation to compensate them. A group of shareholders led by hedge fund SRM Capital, a […]
Barclays has dropped the New York dispute against Bear Stearns that cost Linklaters its client relationship with JPMorgan. Bloomberg reported that Barclays settled the case against former Bear Stearns hedge fund managers earlier this week. JPMorgan, which bought Bear Stearns last year, booted Linklaters off its global panel in June 2008 after the firm continued […]
Allen & Overy’s Indian best friend Trilegal has poached a leading projects partner and team of four associates from Indian firm Hemant Sahai Associates. Allen & Overy’s (A&O) Indian best friend Trilegal has poached a leading projects partner and team of four associates from Indian firm Hemant Sahai Associates. Partner Sitesh Mukherjee, whose practice focuses […]
Until adverts for cheap real estate flooded the British press, I suspect that I was not alone in associating Bulgaria with umbrellas. I’m told that Waterloo Bridge remains on the itinerary of many Bulgarians visiting London. Until advertisements for cheap real estate flooded the British press, I suspect that I was not alone in associating […]
Holland & Knight today confirmed it has cut its associate ranks by 70 and laid off a total of 173 support staff. The US firm has made widespread cuts, totalling 243 employees, across its 21 offices. A statement release by managing partner Steve Sonberg said: “Today we began restructuring our operations to better meet the […]