Latest

The latest legal news from The Lawyer, covering UK and international deals, disputes, lateral hires and updates on law firms and the Bar.

Homebase hands first-time mandate to Kirkland on restructuring bid

Kirkland & Ellis has won a first-time mandate from struggling DIY chain Homebase, which earlier today confirmed it was planning a company voluntary arrangement (CVA). Homebase is the latest retailer to announce such a move and follows in the wake of similar CVAs entered into by New Look, Prezzo and Mothercare. A CVA can be used by […]

Royal Mail

Ashurst client Royal Mail hit with £50m fine for competition breaches

Royal Mail, advised by a team from Ashurst, has been unable to fend off a £50m fine from Ofcom, after an investigation into the business’s practices in 2014 found the delivery giant had “abused its dominant position in bulk mail delivery”. Three-partner firm Towerhouse advised Whistl, then known as TNT, which was trying to break into […]

cars

Slaughters and Weil lead on £1.2bn bid for Sheilas’ Wheels owner

Weil Gotshal & Manges and Slaughter and May have advised on the £1.2bn buyout of esure to Bain Capital in one of the largest insurance deals of the year so far. Slaughters led for esure, the owner of insurance brand Sheilas’ Wheels and former owner of price comparison website Gocompare.com. The deal team was led by corporate […]

Perth

Clifford Chance’s Perth head decamps for Norton Rose Fulbright

Clifford Chance’s Perth managing partner has left the firm for Norton Rose Fulbright in the latest high-profile exit from the magic circle firm’s Australian office. Paul Lingard, a partner in Clifford Chance’s mining group, is moving over to Norton Rose Fulbright, alongside Herbert Smith Freehills executive counsel Miriam D’Souza. She too is joining Norton Rose’s corporate […]

New York City

Mishcon’s New York revenue recovers for first time since 2014/15

Mishcon de Reya more than doubled the top line of its New York office over 2017/18, bucking a three-year trend of declining revenues in the firm’s sole office outside of London. Revenues dropped 64 per cent between 2014/15 and 2016/17 from a high of £6.7m to £2.4m. However, the firm’s fortunes reversed in the US in the […]

Lights

CMS eyes ambitious headcount growth in disputes tech arm

Over a year into its tripartite merger with Nabarro and Olswang, CMS is plotting further growth in its in-house technology business to cut down on time-intensive data tasks in its litigation department. Unit leader Chris Baldwin told The Lawyer it expects to grow its litigation technology unit, CMS Evidence, by nearly eight-fold in the next three […]

London

Jones Day bulks up in London with Ashurst and Dentons hires

Jones Day has snared two finance partners from Ashurst and Dentons following a raft of exits from its London office since the start of the year. Partner Ewen Scott left Ashurt’s global loans group last week and will join Jones Day’s banking, finance and securities practice at the end of August. He will be joined by Dentons finance partner Lee […]

Santiago

Dentons deepens South American presence with Chilean tie-up

Dentons has encroached further into South America through a merger with Chilean firm Larrain Rencoret Urzua (LRU). The latest tie-up comes three months after Dentons became the first global firm to enter Hawaii, following a merger with independent player Alston Hunt Floyd & Ing, which saw it add almost 50 lawyers to the firm’s US platform. […]

Ince hunts for new senior partner after Heuvels steps down

Ince & Co international senior partner Jan Heuvels has resigned from his role at the firm, six months before the completion of his first term in charge. Heuvels was elected to the role in November 2014, beginning his role the following January. Having resigned from the role, he will now oversee the firm’s growth plan […]

Deals

BoxPark

Trio of firms lead on latest Wembley development

Bryan Cave Leighton Paisner, CMS Cameron McKenna Nabarro Olswang and Womble Bond Dickinson are acting on a joint venture between Boxpark and Quintain to create a sprawling 50,000sq ft food, beverage and events complex in Wembley Park. CMS advised property investment and development company Quintain, led by real estate partner Marie Scott and associate Richard Cameron. Quintain is leading the Wembley […]

House of Fraser

City firms on call in last-ditch attempt to save House of Fraser

A host of firms, including Freshfields Bruckhaus Deringer and RPC, have been on call this morning following the news that Sports Direct’s Mike Ashley is to buy House of Fraser through a pre-pack administration. The collapse marks the end of 169 years of solvent trading and puts 17,500 jobs at risk. A team from Freshfields […]

money

The battle for Sky: A&O to reap £20m in 21st Century Fox offer

Legal advisers working on the high-stakes bidding war for Sky are set to pick up fees of around £65m, according to documents published by competing bidders 21st Century Fox and Comcast. Allen & Overy (A&O) is set to pick up £20m in fees for its work advising 21st Century Fox in the high-stakes bidding war with […]

High Court

Brick Court overhauls clerking structure as senior duo step aside

Brick Court Chambers has announced a reshuffling of its clerking structure after its senior clerking vanguard of Julian Hawes and Ian Moyler were replaced by Tony Burgess and Paul Dennison. Hawes will stay on at Brick Court where he will become its director of clerking, while Moyler has left the set after four decades to […]

road, countryside, lorry, motorway

Addleshaws kicks off £5bn trucks litigation in CAT tribunal first

Backhouse Jones, alongside Addleshaw Goddard, has filed an application on behalf of 3,500 clients in proceedings against nine truck manufacturers which, if successful, could be worth as much as £5bn. The two firms have filed the joint application for a collective proceedings order (CPO) with the Competition Appeal Tribunal (CAT). Should the CAT give the […]

Freshfields partner swaps private practice for the Bar

Freshfields Bruckhaus Deringer restructuring partner Nick Segal is switching private practice for the Bar, taking on a new role at Erskine Chambers. Segal is set to join the chambers as a barrister in September, after he has been successfully admitted to the Bar. Segal joined Freshfields in 2006 on his return to the UK from […]

barrister bar bptc

Crisis averted as criminal barristers accept £15m legal aid offer

The Criminal Bar Association (CBA)’s feud with the Ministry of Justice (MoJ) has ended with 51.55 per cent of members voting to accept the £15m offer that was put to them two weeks ago. The offer was accepted through a slim majority voting in favour of the reforms with an 85 per cent turnout from […]

money finance

MoJ offers £15m to Criminal Bar after fees dispute

The Ministry of Justice (MoJ) has offered the Criminal Bar Association (CBA) £15m as the government entity seeks to end the increasingly tense standoff between the two bodies. The deal is said to be an entirely new investment and will include an £8m cash injection for barristers who have lost money through a change in […]

Global News

CMS bulks up in Hong Kong with eight-lawyer team hire

Months after agreeing a new tie-up in Hong Kong, CMS has increased lawyer headcount in the region after snaring an eight-lawyer team from RPC. Partners Andrew Horton and Steven Wise are leading the move to CMS, which earlier this year struck up a new association with Hong Kong firm Shirley Lau & Co increasing its capacity to offer […]

Beijing

Cooley bulks up Beijing office with Kirkland hire

Cooley is beefing up its Beijing office with newly-appointed partner Henry Yin from Kirkland & Ellis. Yin was previously a Hong Kong partner at Kirkland & Ellis, which he joined in 2014, and started his career at Skadden Arps Slate Meagher & Flom’s New York office in 2009. He deals with corporate matters such as […]

dollars money roll

Quinn Emanuel dethroned as world’s biggest litigation firm

Quinn Emanuel Urquhart & Sullivan has lost its place as the top-ranked firm for disputes income, after another US giant posted a total litigation revenue of nearly $1.3bn. Kirkland & Ellis has secured the number one spot for the first time, after posting a total disputes revenue of $1.266bn. Rank 2018 Rank 2017 Firm Disputes […]

Reed Smith bets on Singapore growth with office move

Reed Smith has announced its move to a new office in Singapore, the latest in its increasing expansion in Southeast Asia. The law firm has moved its Singapore hub to a bigger space located inside the Ocean Financial Centre building in Raffles Place to accommodate an ever-increasing team as part of a long-term commitment to […]

Global Features

Robert Darwin

Dechert revives corporate life sciences group with Hogan Lovells hire

Dechert has continued its hiring spree in London, hiring new partner Robert Darwin from Hogan Lovells. Darwin joins a growing team and is the third strategic lateral hire since April. In June, Roger Burlingame joined the firm’s global investigations and white collar crime practice from Kobre & Kim. In July, Dorothy Cory-Wright joined as head […]

London

White & Case boosts litigation practice with double-partner hire

White & Case has drafted in two new litigation partners from Bryan Cave Leighton Paisner (BCLP) and Cadwalader Wickersham & Taft. International arbitration partner David Robertson has joined the firm from BCLP, while commercial litigation partner Steven Baker will also boost the practice after his arrival from Cadwalader. Baker – whose practice focuses largely on […]

chicago

Morgan Lewis poaches seven partner IP team from McDermott

Morgan Lewis & Bockius has nabbed a seven partner intellectual property litigation team from McDermott Will & Emery, who will be spread between three of its US offices. The IP hiring spree sees five of the new partners – Jeff Gargano, Krista Vink Venegas, Shon Lo, Hersh Mehta and Kevin Shortsle – take up residence in Morgan Lewis’s […]

Exit sign

Latham snares restructuring duo from Sidley Austin

Restructuring duo Yen Sum and Jennifer Brennan are leaving Sidley Austin after less than two years, swapping the US firm for Latham & Watkins‘ London office. Sum decamped from Linklaters to Sidley at the end of 2016 and was quickly followed by Brennan, then a managing associate at the magic circle firm. The pair join […]

Paul Martenstyn Vannin

Vannin names Fountain Court clerk as its new MD

Litigation funder Vannin Capital has hired Fountain Court Chambers deputy senior clerk Paul Martenstyn as managing director and he will join its London office this October. Martenstyn has spent the last decade at Fountain Court, joining in 2008 as a clerk before being named to his current role three years later. Prior to joining the […]

Reed Smith rebuilds in Middle East with Pinsents team hire

Reed Smith has reinvigorated its Middle East practice, six months after the firm lost a team of construction lawyers to Eversheds Sutherland. Pinsent Masons’ former head of the Middle East region, Sachin Kerur, has been brought over to lead Reed Smith’s Dubai and Abu Dhabi office, having led Pinsents’ offering since 2008. He will be joined […]

Mayer Brown

Mayer Brown bulks up in white-collar with double hire from Norton Rose Fulbright

Mayer Brown has hired two partners from Norton Rose Fulbright’s London office as the firm looks to strengthen its global white-collar and investigations practice. Norton Rose Fulbright head of business ethics and anti-corruption Sam Eastwood will join the firm on 20 August, while dispute resolution and investigations partner Jason Hungerford joins Mayer Brown with immediate […]

Dechert recruits Middle East duo from King & Spalding

Dechert has hired its first lateral partner in Dubai for over 18 months, after taking on two real estate lawyers from its US rival King & Spalding. King & Spalding partner Stephen Kelly is joining Dechert. He will be joined by counsel Sarah Mahood who joins as a national partner. Prior to King & Spalding, […]

Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

Switzerland maintains its globally leading position in international arbitration

By Michael Feit Switzerland has a long-standing tradition to serve as the seat for international disputes. Thanks to its very arbitration friendly legal framework, and overall encouraging factors such as Switzerland’s neutrality, stability and business-friendly environment, Switzerland has remained a top choice for international arbitration for parties from all over the world…

New provisions concerning critical infrastructure in Romania

By Irina Radu One of the major objectives of the EU is reducing the vulnerabilities of critical infrastructure and increasing their resilience. An adequate level of protection must be ensured and the harmful effects of disruptions on the society and citizens must be limited as far as possible. Critical infrastructures extend across many sectors of the […]

CEE: Keeping track of data processing

By Gelu Maravela and Daniel Alexie Depending on the size of the operator, the frequency of processing activities, and the character of the data that is processed, keeping records of all processing activity should be deemed necessary for a considerable number of operators. From our point of view, only operators that process personal data in […]

Kazakhstan introduces new ‘Squeeze-Out’ mechanism for major shareholders

On 2 July 2018, Kazakhstan adopted the Law No. 166­VI “On amendments and changes to certain legislative acts of the Republic of Kazakhstan on Insurance and Insurance Activities, the Securities Market” (the “Law”). The Law entered into force on 15 July 2018 (with the exception of certain provisions, which will come into force later). Among […]

Amendments to the Hungarian Data Protection Act

By Dorottya Gindl The Hungarian Parliament has recently adopted legislation with the aim of harmonising the national data protection rules with the rules of the GDPR, and supplementing the national rules in areas not regulated by the GDPR. The Parliament adopted Act XXXVIII of 2018 (“Amendment“) in an extraordinary session and the new regulations entered […]

Changes to Entrepreneurs’ Relief: What do you need to know?

By Mark Braude A significant and welcome change to the Entrepreneurs’ Relief (ER) rules was announced in the Finance Bill 2019 last month. It is aimed at shareholders who would otherwise lose their entitlement to ER as a result of being diluted below the 5% required shareholding…

FCA publishes evaluation of Guaranteed Asset Protection intervention

By Alanna Tregear The Financial Conduct Authority (the FCA) said, as part of its 2018/2019 Business Plan, it wished to investigate the effectiveness and impact of its interventions into certain markets and industries. The FCA intends to conduct three pilot evaluations, the first being an evaluation of the FCA’s September 2015 intervention into GAP insurance. […]

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