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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.

News

Hong Kong

KPMG muscles in on Hong Kong legal market with six-lawyer team

Big Four accountancy firm KPMG has extended its legal services network to Hong Kong, targeting a headcount of 20 lawyers for its newly-established legal outfit in the region. The new firm called SF Lawyers is being set up by former Harneys counsel Shirley Fu, who started her professional services career with KPMG back in Australia in 2004. […]

Gowling WLG sells Monaco office in shift from private client work

Gowling WLG’s Monaco office has been acquired by an advisory firm, nearly two decades after legacy firm Lawrence Graham launched private client-focused operations in the principality. The office has been acquired by advisory firm Maitland, with the new entity being renamed as Maitland Advisory (Monaco). It will be led by former Gowling partner Peter Walford, who will now […]

paris

Signature ups stakes in international disputes with Paris launch

Litigation boutique Signature has launched its second overseas office with two lawyers from Hogan Lovells, including its former head of Paris disputes. The firm has hired Hogan Lovells partner Thomas Rouhette to establish a three-partner site in the French capital. Rouhette had been head of litigation at the international firm and is joined by Hogan […]

Fieldfisher

Fieldfisher debuts stand-alone funds firm to skirt panel conflicts

Fieldfisher has debuted a new firm that will focus exclusively on the hedge fund market and work with businesses in the alternative investment management area. Located at 1 Mayfair Place, a hedge fund hub, specialist firm Cummings Fisher has been launched to deal with derivatives and investment funds and will be helmed by Claire Cummings, […]

London town

MoFo launches first London real estate practice with Reed Smith hire

Reed Smith’s head of private equity real estate, Oliver s’Jacob has left to join US counterpart Morrison & Foerster as its first real estate partner in London. s’Jacob becomes MoFo’s first and only real estate partner in London, following on from the arrival in late 2017 of partner Florian Ehrich, who joined to build out the real […]

Norton Rose Fulbright

HSF takes £40m alternative legal services hub to New York

Herbert Smith Freehills (HSF) is to launch its first alternative legal services centre in New York, with the firm’s in-house tech unit now generating over £40m worth of revenue worldwide. The firm is opening in New York with a new e-discovery team, as well as a smaller operation in Hong Kong. Building on its existing e-discovery capabilities […]

Jaguar Land Rover

Legal cutbacks expected in Jaguar Land Rover’s company-wide purge

Legal employees at Jaguar Land Rover face uncertainty at the company after it announced it was embarking on a programme to slash 4,500 jobs worldwide. The job cuts across the vehicle manufacturer, which are part of its £2.5bn plan to reverse losses, will begin with a voluntary redundancy programme in the UK. The bulk of the cull will […]

Dubai

Dechert’s former Dubai co-head moves to new firm in London

Dechert’s former Dubai co-managing partner Gavin Watson has left the firm for Pillsbury, where he will work as a partner in its London office. Watson has relocated from the Middle East to London, with a focus on cross-border corporate transactions in the oil and gas space. He joined Dechert in 2012 from defunct firm Dewey & […]

Deliveroo

Deliveroo legal chief among raft of high-level exits from startup

Deliveroo has reshuffled its in-house legal team after the departure of chief legal officer Rob Miller, who has left the food delivery service after just 12 months. Miller joined Deliveroo at the start of 2018 from tech startup Improbable, where he led its legal team for a year too. The former Fieldfisher lawyer also held […]

money finance

Knights completes third acquisition since listing

Revealing today double-digit revenue growth in its first six months as a listed firm, Knights is also looking to streamline its management functions with a new COO from Procter & Gamble. The appointment of Richard King as the firm’s first COO means Knights CEO David Beech can focus more on increasing the firm’s top line, new […]

Deals

New Look restructuring saga continues with new firm line-up

Latham & Watkins is one of the heavy hitting City firms that have been ushered in to advise on the next chapter of New Look’s restructuring saga, following the arrival of Sidley Austin’s Yen Sum last year. Sum, who moved to Latham after a short spell at Sidley in 2018, won a place for the bondholders […]

Flybe

Morgan Lewis’ latest recruits come good as firm joins trio on Flybe sale

Herbert Smith Freehills and Morgan Lewis & Bockius are representing a consortium in its rescue of troubled Flybe Airways for £2.2m. The consortium is formed by Connect Airways, a joint venture company owned by Cyrus funds, Stobart Aviation and Virgin Atlantic. Morgan Lewis partner Georgia Quenby has been leading for Connect and Cyrus, along with […]

bbc

Eversheds and Hogan Lovells take top roles on new BBC development

Eversheds Sutherland and Hogan Lovells are acting on the development of the BBC’s new studios, as part of the £1bn regeneration of the cultural and education district of London’s Olympic Park. Real estate partner Ian Barker at Eversheds is advising the London Legacy Development Corporation (LLDC), alongside senior associate Hugo Jay and associate Ezra Mackenzie. The LLDC […]

Jason Yardley

The 60 second interview: “London cannot rest on its laurels in the global disputes market”

Jenner & Block partner Jason Yardley, one of the 30+ speakers at last year’s Managing Risk and Litigation conference, talks to The Lawyer about the newly established commercial courts across Europe and their potential impact on English Commercial Courts, and whether costs will have a greater impact on London as a preferred forum for international disputes. Will […]

barrister holds a wig, illustrates the successful QC appointments

4 Pump Court arbitration silk decamps for magic circle set

4 Pump Court silk Alexander Gunning QC has joined magic circle chambers One Essex Court in a key boost to the set’s arbitration group. Gunning was first called to the Bar in 1994, taking silk six years ago with a practice focused heavily on international arbitration, as well as commercial in the energy, insurance, construction […]

Global News

The cream of the Continental crop: The Lawyer European Awards shortlist 2019

Lawyers from the top European firms will converge on Grosvenor House on Tuesday 19th March 2019, for The Lawyer European Awards – an unrivalled celebration of excellence across the Continent. The shortlist, published today, spans firms large and small, from European giants to specialist boutiques. Last year Danish firm Kromann Reumert was crowned European Law […]

Luxembourg

Clifford Chance expands in Luxembourg with second hire in a month

Clifford Chance has ramped up recruitment efforts in Luxembourg with a second partner hire so far this year, taking on magic circle rival Linklaters’ funds partner Emmanuel-Frédéric Henrion this time. Henrion joins Clifford Chance as a partner in the investment funds practice in Luxembourg. This is the firm’s second lateral partner hire in the European […]

Norton Rose Fulbright forms alliance to expand Singapore offering

Norton Rose Fulbright has become the latest global firm to expand its Singapore law practice as it enters into a formal law alliance (FLA) with Singapore litigation boutique Ascendant Legal. The FLA, operating under the brand of Norton Rose Fulbright Ascendant, has recently received the approval from the Singapore Ministry of Law. It is set […]

Frankfurt

Pinsents swoops into Frankfurt with six-partner team

Pinsent Masons is to open its third office in Germany, hiring partners from a number of different firms for its latest international launch in Frankfurt. The office will be its third location in Germany, after Munich and Düsseldorf, and will focus on the technology, energy and real estate sectors. The founding team have been recruited from […]

Luxembourg

Clifford Chance beefs up in Luxembourg with DLA hire

Clifford Chance has brought in its latest new recruit to its Luxembourg office, hiring DLA Piper’s local tax head Geoffrey Scardoni to the team. The move highlights the growing importance of Luxembourg as a hub for financial services companies and asset managers, particularly as the UK prepares to leave the European Union this March. In response to […]

Global Features

Exit sign

Fried Frank plugs finance gap with Milbank hire

Plugging a gap in its leveraged finance offering in the City, Fried Frank Harris Shriver & Jacobson has secured a new partner in London from Milbank Tweed Hadley & McCloy. Neil Caddy has been a partner at Milbank for over six years, joining in 2012 from Mayer Brown. His practice focuses on leveraged financing and restructuring, […]

moves, lateral hires and exits

Further DWF defections as real estate finance duo leave firm

Partners continue to trickle out of DWF ahead of its proposed £1bn IPO, with the latest two leavers being snapped up by Fieldfisher. Iain Thomas and Christian Francis are to join Fieldfisher’s real estate finance practice. Thomas led the real estate practice at DWF, where he has been since 2014. He was previously a partner at […]

A&O partner takes top UK job at Deloitte Legal

Deloitte Legal has ended its nine-month long search for a leader of its new UK legal arm, with the appointment of a new managing partner from Allen & Overy. The role, which for months was believed to have targeted a general counsel, has by contrast fallen to A&O banking partner Michael Castle, who has spent […]

Exit sign

Jones Day hit with two exits from its project finance team

Two members of Jones Day’s project finance team have decamped from its London office, one of whom has resurfaced at Baker Botts. Nick Collins has joined Baker Botts’ growing London offering, while Myles Mantle’s next role has not yet been lined up, The Lawyer understands. Both left the US firm at the end of last year. Collins […]

Baker McKenzie

Rare loss for White & Case as Bakers hires capital markets duo

Baker McKenzie has taken on two new partners from White & Case’s London office, after a series of hires into its banking and finance teams last year. Capital markets partners Rob Mathews and David Becker will join Bakers’ corporate finance practice. Both partners, who specialise in high yield, were partners at US outfit White & Case for […]

barclays

Barclays incentives head decamps to magic circle firm

Barclays head of incentives law Andrew Patterson has joined magic circle firm Clifford Chance as a partner, having been with the bank for nearly nine years. The former Ashurst associate went in-house to Barclays incentives team in 2010 after spending over six years with the City firm, qualifying in 2006. Patterson joined the bank as […]

Luxembourg

Dechert makes strategic pre-Brexit hires in Dublin and Luxembourg

Dechert has started off 2019 with two partner additions, recruiting funds expertise into both its Dublin and Luxembourg office. The US firm has hired Maples & Calder’s Carol Widger as its new managing partner of Dublin, a financial services lawyer that advises companies on services to investment funds. She replaces Declan O’Sullivan in the role, […]

Norton Rose Fulbright pair leave for KPMG

KPMG is continuing its push into the legal market with the raid of two partners from Norton Rose Fulbright‘s international network. The hires include corporate tax partner Angela Savin, who has joined KPMG’s tax litigation and disputes team in London, and Sydney -based Zein El Hassan, who helmed the firm’s financial services risk advisory team in Australia […]

Latest Briefings

All aboard the bond wagon: SEBI board meeting decisions

The Securities and Exchange Board of India (SEBI) in its meeting held on 18 August 2018, besides reviewing the total expense ratio of the mutual fund schemes and agreeing to introduce united payment interface with ASBA facility for public issues, has also paved the way for further stimulating the bond market by removing the requirement […]

Brexit: What happens next?

By Trudy Feaster-Gee, Sue Harris Now that the House of Commons has overwhelmingly rejected the government’s Brexit deal, we take a look at what happens next and what it means for businesses. On Tuesday 15 January 2019, the House of Commons voted overwhelmingly to reject the Brexit deal negotiated between the government and the European Union. A […]

Implying ‘Braganza’ duties into mortgage contracts

By Christina Gill A recent High Court case has shed some light on the extent to which the courts may imply additional duties into mortgage agreements requiring lenders to make decisions by way of processes that would be “lawful and rational in the public law sense”. Banking Litigation specialist Christina Gill explains UBS AG v Rose Capital […]

The International Comparative Legal Guide to: Private Client 2019

By Philippe Pulfer, Olivier Sigg Welcome to the 2019 edition of The International Comparative Legal Guide to Private Client which I am delighted to introduce this year. The Guide covers a comprehensive and diverse range of articles that would pique the interest of any domestic or international practice client adviser. The publication is designed to provide readers […]

Portugal: An introduction to public law

By Catarina Pinto Correia, Ana Marta Castro, Pedro Fontes 2018 begins with a general positive feeling, since, in 2017, Portuguese economy grew – for the fourth year running – at a projected rate of approximately 2.5%. This growth follows a deep recession experienced between 2011 and 2013, years that were also marked by a significant decrease […]

Portugal: An introduction to insurance

The insurance M&A activity during 2017 followed the consolidation trend of the previous years, with a number of sales procedures of insurance companies being completed or initiated during this period. Similar to the previous years, these sales procedures attracted mainly foreign investors (particularly China-based), thus the control of the insurance sector has become more and […]

Property owner prosecuted for spread of Japanese knotweed

By Angus Evers, Lucy Shepherd Bristol City Council has used its powers under the Anti-Social Behaviour, Crime and Policing Act 2014 to prosecute a property owner for allowing the spread of invasive plant species Japanese knotweed. The Anti-Social Behaviour, Crime and Policing Act 2014 (the ‘Act’) enables local authorities to take action for anti-social behaviour, which […]

The legal hub – Create the ideal state for your corporate legal team

Corporate legal teams are under constant pressure to deliver more value to their organisations. Growing demand and changing expectations from the business mean that legal departments are adapting to embrace innovation and requiring their network of external counsel to do the same. Generally, corporate legal teams are adopting new technologies and adapting to changing pressures […]

Russian sanctions against Ukraine: Ban on the import of certain commodities

A ban on the import into Russia of certain commodities, the country of origin of which is Ukraine or which move through the territory of Ukraine was introduced by the Decision of the Government of the Russian Federation dated 29 December 2018 No. 1716-83. The list of the commodities prohibited for import is provided in […]

Draft patent (amendment) rules, 2018 published for objections and suggestions

The Ministry of Commerce and Industry has published Draft Patent (Amendment) Rules, 2018 (Draft Rules) for objections and suggestions. The key highlights of the Draft Rules are broadly set out below: International Applications: Patent agents will be required to file all documents, including scanned copies of documents, only by electronic transmission at the time of […]

Amendment to S. 197 of companies act, 2013 notified: Government approval no longer required for enhancement of managerial remuneration

In a long awaited move, the Ministry of Corporate Affairs (MCA) has notified the provisions of the Companies (Amendment) Act, 2017 (CA Amendment Act), relating to managerial remuneration, which are now in force with effect from 12 September 2018. By way of a notification, the amendments to Section 197 and Schedule V of the Companies […]

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