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

money finance

Freshfields and HSF to pocket £45m in fees for Comcast’s Sky bid

Freshfields Bruckhaus Deringer, Davis Polk & Wardwell and Herbert Smith Freehills (HSF) are set to pick up nearly £45m in fees for their work in the high-profile bidding war for Sky between Comcast and 21st Century Fox. The figures are printed in a formal offer document published by Comcast, which yesterday revealed it would be scrapping its […]

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, […]

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 […]

David Pollitt

DAC posts double-digit growth across the board with record PEP figure

DAC Beachcroft has posted a strong set of results for the 2017/18 financial year, showing double-digit growth in turnover and profit as well as posting a record-high in profit per equity partner (PEP) of £530,000. An 11 per cent increase in turnover from 2016/17 saw the firm rise from £207m to £230m, while a 21 per […]

Ashurst

Ashurst concludes redundancy consultation with 54 roles lost

Ashurst has cut 54 secretarial roles in its London office, after the firm decided to scrap the position of executive assistants (EAs) in favour of a new role called “practice executive”. The firm revealed in May that 80 roles were at risk as part of the shift, with practice executives set to cover a broader line […]

barrister holds a wig, illustrates the successful QC appointments

Fountain Court completes new-look Tchenguiz legal team

With less than three months to go to trial, Fountain Court Chambers has been brought in to act for Robert Tchenguiz in his feud with Grant Thornton after he swapped incumbent adviser Stephenson Harwood for Debevoise & Plimpton. It is understood that Fountain Court silks Stephen Rubin QC and Charles Béar QC are now being instructed by […]

Deals

Piccadilly circus bus theatreland

BCLP builds on Crown Estate win with new City development

Bryan Cave Leighton Paisner (BCLP) is advising the Crown Estate on a sprawling mixed-use development in the heart of St James, nine months after it was appointed as the prodigious property company’s sole adviser. Head of non-contentious construction Mark Hanson is leading in the construction of The Marq, a 46,000sq ft development, looming behind Fortnum & […]

London

Clydes leads as Cheesegrater 2 gets go-ahead

Clyde & Co is advising Hong-Kong based developers Lai Sun Development Company in the construction of 100 Leadenhall – a skyscraper that is set to be London’s third tallest tower. Real estate partner Martin Quicke, who specialises in advising property companies and overseas investors from Hong Kong and South east Asia, is leading for Lai […]

telecoms

Freshfields and Paul Hastings lead on €260m telecoms sale

Freshfields Bruckhaus Deringer and Paul Hastings have picked up lead roles on the latest bumper deal in the increasingly active telecoms sector. The magic circle firm has been advising South African company MTN Group on its sale of subsidiary company MTN Cyprus to Monaco Telecom for approximately €260m. Paul Hastings is representing the buyer Monaco […]

Google

Clifford Chance secures victory over Cleary in landmark Google dispute

Cleary Gottlieb Steen & Hamilton-represented Google has been hit with a record £3.8bn (€4.3bn) fine by the European Union Commission (EC) for breaching EU antitrust rules. This is the second record EC antitrust fine that Google has been hit with in two years, following a £2.1bn (€2.4bn) fine in 2017, both of which were pursued […]

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Clifford Chance to streamline use of chambers in litigation shake-up

Clifford Chance is set to reduce the number of chambers it instructs, after an internal survey of its litigation practice revealed it was instructing too many individual sets. The Lawyer understands that senior management at the magic circle firm surveyed the entire practice to better understand the range of sets that were being instructed. A […]

High Court

Pinsents slammed for “shameful” treatment of defendants in Aeroflot case

A High Court judge has slammed Pinsent Masons for its actions following the death of Russian oligarch Nikolay Glushkov, accusing the firm of having lost “sight of any basic standard of decent and compassionate behaviour” in a long-running case brought by Russian airline Aeroflot. The litigation centered around allegations made against, among others, the late Russian oligarch […]

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 […]

Hodge Malek

39 Essex’s Hodge Malek QC leads four-strong team to 3VB

3 Verulam Buildings (3VB) has taken Hodge Malek QC and four junior barristers from 39 Essex Chambers, along with three international lawyers who join as associate members. Malek – who acted for Alexandra Tolstoy and her children during the mammoth case against Russian oligarch Sergei Pugachev last year – will join the set today bringing barristers […]

Global News

US firms grab roles as Praxair closes in on $45bn merger

A raft of firms have been called up as Praxair completes the next step of its proposed billion-dollar merger with German oil and gas giant Linde. McDermott Will & Emery took the lead for New York-listed Praxair in the €5bn sale of its European gases business to Tokyo-listed Taiyo Nippon Sanso. The divestment comes as Praxair eyes […]

Binary code bursts from phones held by people with a matrix style overlay of glowing electronic numbers.

A&O and Freshfields take the lead on £2bn telecoms buyout

Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have advised telecoms giants Veon and CK Hutchison on the £2.2bn buyout of Italian mobile phone venture Wind Tre. A&O’s global managing partner Andrew Ballheimer, TMT partner Simon Toms and global head of telecoms Tom Levine led the deal for Veon. Global co-head of antitrust Antonio Bavasso and senior associate Ross Ferguson provided […]

Gianni Origoni joins rivals in Shanghai

Italian heavyweight Gianni Origoni Grippo Cappelli & Partners is launching an office in Shanghai in its first international expansion for four years. The Shanghai office is Gianni Origoni’s eleventh office globally, and its second in Asia. It launched in Hong Kong in 2014 and signed a formal alliance agreement with Chinese firm Han Kun Law […]

Luxembourg

Ashurst bets on Europe with Luxembourg launch

Ashurst has been given the go-ahead to open in Luxembourg after receiving approval from the local bar association. The new office, focusing on finance and funds, will open in October this year, with corporate partner Isabelle Lentz at the helm. Lentz is currently the head of Ashurst’s Luxembourg desk in London, which was set up […]

Brazil

HFW strengthens LatAm presence with new Brazilian association

HFW has announced a new formal association with Brazilian firm CAL, while also hiring aviation partner Julio Costa from Mayer Brown‘s associate firm in the South American country. Costa left Tauil & Chequer Advogados to set up CAL alongside insurance partner Gustavo Lasalvia and six fee-earners. The new firm is expected to gain regulatory approval […]

Mark Shaw

Wildgen opens first international office with London launch

Benelux firm Wildgen has opened its first overseas office with the hire of former hedge fund in-house lawyer Mark Shaw to head up its UK operations. The firm has set up a small one-partner office in Mayfair, though will look to move into space in the City once it begins to expand. Speaking to The Lawyer, […]

Global Features

Frankfurt

Latham partner moves to DLA’s Frankfurt office

DLA Piper has snared a corporate partner from Latham & Watkins‘ Frankfurt office, as the firm continues to bolster its capital market divisions in Germany. Roland Maass will be joining the firm from Latham, where he has been a partner since 2006. His practice mainly focuses on capital markets transactions, advising domestic and international companies […]

Cyber attack warning. Man securing computer data base by pressing alert sign for cyber attack on digital display.

Hogan Lovells joins war for data privacy talent with new hire

Hogan Lovells has made a bid to remain at the top of the data protection boom, with a new hire in its privacy and cybersecurity practice. Privacy partner Nicola Fulford has been brought in to join the firm’s 12-strong team from Kemp Little, four years after the launch of Hogan Lovells’ privacy and cybersecurity practice. […]

Ashurst

Ashurst in disputes push with Mayer Brown construction hire

Mayer Brown construction and arbitration partner Tom Duncan has left the firm after six years for Ashurst‘s London disputes group. Duncan joined Mayer Brown in 2001 and made partner at the firm 10 years later. He will join Ashurst’s disputes team as the seventh new hire to the group globally this year. Other new joiners in […]

Stephen Besen

A&O snares Shearman & Sterling M&A veteran

Allen & Overy has strengthened its M&A practice in New York with the hire of a partner from Shearman & Sterling’s corporate practice. Stephen Besen joins the magic circle firm after 17 years at Shearman & Sterling, further bolstering its US M&A practice. Besen began his legal career in 1983 at Weil Gotshal & Manges. At […]

moves, lateral hires and exits

Macfarlanes loses PE partner to White & Case

White & Case has hired its second lawyer from Macfarlanes in just over a year, adding private equity partner Emmie Jones to its team in London. Jones was a partner at Macfarlanes for five years after her promotion in 2013. She had spent her entire legal career at the City firm, having started as a […]

London

Pinsents competition litigation head decamps for US firm

Pinsent Masons head of competition litigation Ben Lasserson has joined US firm Strange & Butler as head of its London office and fourth partner globally. Lasserson trained and qualified at magic circle firm Freshfields Bruckhaus Deringer before moving to Skadden Arps Slate Meagher & Flom in 2007. He joined Pinsents as a partner nearly four years […]

Stewarts

Stewarts enters financial crime market with QC hire

Stewarts will launch a new financial crime practice following the hire of 2 Bedford Row white-collar silk Richard Kovalevsky QC as a partner into its London office next month. Kovalevsky has been practising for 35 years after being called to the Bar in 1983, taking silk two decades later. He will bring the firm’s partner […]

BWB gains new COO from Linklaters

Bates Wells Braithwaite (BWB) has hired Linklaters global finance and projects division business manager Sally Procopis as its next chief operating officer. Procopis, who was at Linklaters for nearly a decade, will take over from outgoing partnership executive officer Peter Bennett. Bennett is retiring from the firm after 12 years. Procopis will coordinate all of […]

A&O

A&O lures back partner after two-year Cleary stint

Allen & Overy (A&O) has rehired its former head of non-contentious financial services regulation, two years after he left the magic circle firm for Cleary Gottlieb Steen & Hamilton. Bob Penn spent nearly a decade in the A&O partnership and was a member of its financial services regulation team before leaving to join the US firm in September […]

Latest Briefings

The Commercial Agents Regulations: a step behind the times?

By Alex Williamson The Commercial Agents (Council Directive) Regulations 1993 (the Regulations) are 25 years old this year. An evaluation by the European Commission concluded in 2015 that the underlying Commercial Agents Directive (the Directive) still met its objectives and functioned well. However, a recent Court of Appeal decision has shown that the legislation is struggling to […]

Exclusion clauses under the spotlight: UCTA reasonableness

By Perran Jervis In decisions handed down one day apart, the Court of Appeal concluded that a far-reaching exclusion clause which limited liability for negligence was reasonable under the Unfair Contract Terms Act 1977 (UCTA), whereas an exclusion clause in a lease (in the form of a non-reliance clause) was not. The decisions emphasise that […]

Currency, cost calculations and contractual clarity

Walker Morris’ Head of Commercial Dispute Resolution, Gwendoline Davies, highlights the importance of dealing comprehensively and clearly with matters of currency and calculation in cross-border contracts…

Belgian draft Trade Secrets Act: opportunities for the life sciences sector

On 8 June 2016, the EU Trade Secrets Directive was adopted. The main purpose of the Directive was to harmonise and enhance the protection of trade secrets EU-wide and to thus create an innovation-friendly environment for businesses. The EU Member States had to implement this Directive by 9 June 2018. Belgium missed the deadline, but […]

Initial coin offerings in Jersey – regulatory guidance issued

By Sara Johns Following recent growth in initial coin offerings (ICOs), the Jersey Financial Services Commission (the Commission) has issued a guidance note setting out certain minimum standards and requirements in respect of ICOs. The guidance note is a measured and pragmatic clarification of the Commission’s approach to, and expectations of, Jersey companies issuing tokens/coins […]

Changes in Serbian employment legislation 2018

The beginning of the summer brought amendments to several employment­related laws. The most notable changes are presented below: The Law on the Employment of Foreigners The Law on the Conditions for the Secondment of Employees on Temporary Work Abroad The Law on Financial Support to Families with Children The Law on the Peaceful Resolution of […]

Supreme Court of Canada: The mid-year review

By D. Lynne Watt Given the popularity of our annual SCC Year in Review article, we thought we would provide a mid­year update to check in on what the Court has been doing so far this year and what we can expect for the balance of the year…

3 benefits for lawyers using the cloud under GDPR

By Teresa Matich Under the General Data Protection Regulation (GDPR), all businesses, including law firms, have a lot more responsibility when handling their clients’ personal data. Luckily, cloud-based solutions make it a lot easier to ensure you’re following best practices and staying GDPR compliant. This means you can spend less time poring over technical details related […]

Shape your digital services ecosystem to deliver better services to clients

McCann FitzGerald is one of Ireland’s premier law firms, with offices in Dublin, London, New York and Brussels. The award-winning firm, which traces its history back to the 1820s, is owned by the partners and comprises 75 partners and over 380 lawyers and professional staff. The firm has always had a significant focus on international […]

How to cope with rapid growth and increasing regulation

Global infrastructure and real estate investment manager InfraRed Capital Partners is a business accustomed to the challenge of change. Acquired by HSBC at the dawn of the new millennium, then rebranded after a management buyout in 2011, it has since grown rapidly across the network, from New York to London to Sydney. Laurence Hayes, associate […]

EU: Your web doctor will see you now – software as a medical device

Patients nowadays have access to an enormous range of medical knowledge through social media, websites and health apps (in combination with wearables). The latter have become increasingly popular in recent years because of their ability to monitor in real time pulse, blood pressure, blood glucose levels and other parameters. Doctors are also intrigued by the […]

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