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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.

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 […]

mobile phones

Fieldfisher launches “feedback app” to promote positive comments

Fieldfisher has launched an app that allows lawyers to exchange positive feedback on each other’s performances, after concerns were raised that a disproportionate amount of negative views are expressed in law firms. Bfrank, which was created by the firm’s audio and visual support technician Billy Reid and debuted last week, allows workers to praise colleagues […]

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 […]

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 […]

Deals

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 […]

Arsenal

Clifford Chance and Freshfields clients go head-to-head in Arsenal FC bid

Clifford Chance, Freshfields Bruckhaus Deringer and Slaughter and May are advising on the £600m takeover tussle for full control of Arsenal FC. The deal is between majority shareholder Stan Kroenke and Russian billionaire Alisher Usmanov. Kroenke currently owns 67 per cent of the Premier League club through his company Kroenke Sports Enterprises (KSE). A team at Clifford Chance, […]

Virgin Money

City heavyweights to rake in £9m on Virgin Money takeover

Allen & Overy (A&O) and Clifford Chance are among the firms in line to pocket up to £9m in fees after the £1.7bn takeover of Virgin Money. According to documents published this week, legal fees expected to be incurred by Virgin Money total £4.7m. Virgin Money is being represented by A&O partners David Broadley and George […]

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

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

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. […]

Asset management and investment funds update

On 30 July 2018, ESMA published its final report following its peer review of the compliance and supervisory framework of six national competent authorities (NCAs) with aspects of the UCITS framework for Efficient Portfolio Management (EPM). The review covered the NCAs for Ireland, the UK, Luxembourg, Germany, France and Estonia and was limited to assessment […]

Employers: Capability procedures explained

By Michael Briggs This month, in our Breaking Down the Handbook series, we look at capability policies and why they are a useful tool for employers to have when it comes to dealing with poor performance…

Company reforms private limited liability company guide

Luxembourg private limited liability companies (Sarls) need to consider what changes should be made to their articles of association following the modernisation of the Luxembourg law on commercial companies and the Grand-Ducal regulation on the coordination and renumbering of the Luxembourg law on commercial companies (the New Companies Act)…

Liable for violations by overseas subsidiaries

By Kieran Laird There have been several cases in recent years in which the courts have considered whether it is permissible to bring a tort claim against a UK parent company in relation to alleged human rights breaches by its overseas subsidiary. The Court of Appeal has again considered the issue in AAA & Ors. […]

Health Canada invites public comments on new regulations

By Ben Pearson The medical device industry in America and perceived shortcomings in the US Food and Drug Administration’s (“FDA”) approval process have recently come under scrutiny in popular media. An often­cited concern with the FDA’s approval process relates to the 510(k) pathway, whereby a medical device may reach the market with a lesser amount […]

Competition law & director disqualification

The UK’s Competition and Markets Authority (“CMA”) is consulting on proposed revisions to its current guidance on director disqualification in competition law cases (the “Current Guidance”). The consultation on the CMA’s proposed revised guidance (the “Draft Revised Guidance”) closes at 17:00 GMT on Thursday 13 September 2018, and follows the director disqualifications secured by the CMA […]

Digital asset business act marks a new chapter in Bermuda’s fintech revolution

By Chris Garrod Bermuda’s recently passed Digital Asset Business Act, 2018 (“DABA”) adds a new layer to the Island’s fintech transformation. The legislation, which is likely to come into force in September, covers the licensing of entities which will carry on digital asset business in or from Bermuda. It is completely separate from the new […]

The law on Russia’s counter-sanctions against the USA and other states came into force

On 4 June 2018, the Federal Law ‘On the Measures (Countermeasures) in Response to Unfriendly Actions of the USA and(or) other Foreign States’ (hereinafter – the ‘Law’) was published and came into force. The Law provides for the right of the Government of the Russian Federation (RF Government) based on the decision of the President […]

Simplification of the procedure for state registration of medicines in Russia

On 17 May 2018, amendments to the Federal Law ‘On the Circulation of Medicines’ (hereinafter – the ‘Draft Law’), which simplify the procedure for registration of medicinal products for foreign manufacturers of medicines, were adopted in the third final reading. According to the amendments are aimed to shorten the terms for accessing by medicines the […]

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