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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.

Shane Gleghorn, Taylor Wessing

Taylor Wessing names new managing partner to replace Tim Eyles

Taylor Wessing‘s co-head of international litigation Shane Gleghorn has been announced as the firm’s new managing partner. Gleghorn will take up the role on 1 October, replacing Tim Eyles. Last December, The Lawyer revealed Eyles would step down in June 2018 at the conclusion of his third term at the helm of the firm. Eyles […]

Businessman Examining Invoice With Magnifying Glass

Matrix branches out from law with crisis management team launch

Matrix Chambers has launched a new chambers-wide initiative designed to involve its barristers at an earlier stage to provide impartial advice during regulatory investigations. Integrity+ is a new service available to clients which will see Matrix barristers provide objective advice on issues such as the correct choice of law firm or accountant representation in the first […]

Leapfrog takes on new general counsel after Linklaters exit

Emerging markets investment firm Leapfrog Investments has hired a new general counsel, three months after GC and Linklaters corporate partner Stuart Bedford exited to return to full-time private practice. Leapfrog has appointed Frances Holliday, who was general counsel at asset manager Kazimir Partners, to oversee the legal function of the London-based company. Holliday previously spent nearly a […]

money finance

Browne Jacobson hits £73m revenue in eighth year of growth

Browne Jacobson has grown its top line by 9.2 per cent, rising from £66.8m to £73m in the 2017/18 financial year and mirroring its performance in 2015/16. With last year’s results, the firm has now grown its top line by £23m, or 46 per cent, since 2012/13 and its eighth consecutive year of revenue growth. […]

UBS

UBS weighs up new formal EMEA litigation panel launch

UBS EMEA head of litigation Susy Bullock is deliberating whether to formalise a legal panel for the investment bank’s work in the region to mirror those already in place the Americas and Asia Pacific. The panel would be Bullock’s first in the role after having joined UBS from Gibson Dunn & Crutcher as an associate […]

Deals

City Gherkin

Addleshaws wins instruction from Chinese government on embassy move

Addleshaw Goddard has acted for the Chinese government in its acquisition of the historic Royal Mint Court from property management company Delancey. Head of real estate Leona Ahmed led for Addleshaws, representing the People’s Republic of China in securing the 5.5-acre site along the eastern verge of the City. Here, China will house its new embassy, adjacent […]

Deal

Skadden and HSF lead opposite magic circle in Cinven double bill

A raft of corporate players won work on two Cinven deals announced this morning, with Clifford Chance and Freshfields Bruckhaus Deringer scooping the lead roles for the private equity house. Clifford Chance partner Chris Sullivan led the firm’s team for Cinven in its purchase of laundry company JLA to HgCapital. He was supported by debt […]

Property technology

Freshfields and Simpson Thacher lead on £2bn Zoopla sale

Freshfields Bruckhaus Deringer has acted opposite former partner Ben Spiers, now at Simpson Thacher & Bartlett, on the private equity sale of Zoopla’s owner ZPG. The magic circle firm advised ZPG, which owns property website Zoopla and comparison site Uswitch. The team was led by partners Mark Austin and Piers Prichard Jones, who also advised […]

High Court

Addleshaws calls on Clydes to defend professional negligence claim

Addleshaw Goddard has called on Clyde & Co to defend the firm over advice given to big four accountancy firm Deloitte by its Scottish arm, legacy HBJ Gateley, before its 2017 merger. Deloitte was originally drafted in during the collapse of a caravan park business owned by the now-defunct Scottish business Arthur Holgate & Son, […]

oil

US firms on call to advise after new SFO Unaoil charges

Brown Rudnick and White & Case have been drafted in to defend new charges brought against two key figures in the Serious Fraud Office (SFO)’s Unaoil investigation. Unaoil Iraq partner Basil Al Jarah and Unaoil Iraq territory manager Ziad Akle have both been charged with conspiracy over alleged corrupt payments in order to secure a […]

money finance

Former Locke Lord partner struck off for “flagrant breach of trust”

A former Locke Lord partner has been struck off and ordered to pay a £70,000 fine for breaching rules set by the Solicitors Regulation Authority (SRA), causing “immeasurable” harm to the profession’s reputation. Jonathan Denton left the firm in 2015 and his actions saw his former firm struck with a record £500,000 fine from the Solicitors […]

Barristers strike

Criminal Bar issues harsher proposals to combat fee cuts

The gulf between the Criminal Bar Association (CBA) and the Ministry of Justice (MoJ) has continued to grow as the CBA ramps up pressure to reject work falling under the Advocates Graduated Fee Scheme (AGFS). In an announcement issued on 13 May, the CBA encouraged its members to continue rejecting any form of work falling […]

CC

Clifford Chance throws down gauntlet to the Bar with bid to ban brief fees

As part of a push for greater transparency, Clifford Chance has started telling some of the UK’s most prominent commercial sets that it will look to scrap some traditional fees as part of a revamped approach to pricing. Global head of dispute resolution Matthew Newick and London head of dispute resolution Helen Carty have made it […]

Fountain Court

Landmark, Littleton and 7KBW among chambers appointing pro bono champions

Chambers are appointing ‘pro bono champions’ as part of a new initiative to encourage barristers to take on not-for-profit work. The move is a result of the Bar Pro Bono Unit’s ‘FABFeb’ campaign which ran over the course of February. The Unit contacted all heads of chambers, senior clerks and chambers directors, at sets with […]

Global News

The Lawyer Awards trophy

The 60 second interview: Dentons on winning at The Lawyer Awards

Ahead of 2018 The Lawyer Awards in association with Travelers, Dentons UK and Middle East CEO Jeremy Cohen talks to The Lawyer about the impact of winning International Law Firm of the Year last year. What were the initiatives that led you to win International Law Firm of the Year? During the previous year we […]

China

Freshfields hires KWM “rising star” to join management in China

Freshfields Bruckhaus Deringer has hired King & Wood Mallesons (KWM) Beijing partner Hazel Yin to co-head the competition practice in China. Yin has worked at KWM for most of her career, and was promoted to partner in February 2013. In her new role, she will work alongside China co-head Ninette Dodoo. At KWM, Yin built […]

Shanghai urban network - Stock image China - East Asia, Shanghai

Linklaters gains China law capability through best friends tie-up

Linklaters has become the latest firm to secure Chinese law capability, sealing the deal for joint operations with Shanghai-based boutique Zhao Sheng. Following government approval, Linklaters becomes the first magic circle firm to take advantage of the Shanghai free trade zone scheme (SFTZ), building on the relationships it has already established in the region. The firm struck up a […]

Hogan Lovells makes up first new global IP head in 15 years

Hogan Lovells has appointed IP partner Burkhart Goebel as its first new global head of intellectual property in 15 years, as the leadership baton moves across from Germany to Spain. Goebel, who is based in Madrid and Hamburg, will step down from his role as regional managing partner for Continental Europe to head the IP practice […]

Frankfurt

Slaughters Italian best friend BonelliErede launches in Frankfurt

Italian firm BonelliErede has become the latest firm to open up in the German financial centre of Frankfurt with a hub in the offices of its German best friend Hengeler Mueller. BonelliErede banking partner Giuseppe Rumi will head up the new office. Rumi also coordinates the best friends European financial institutions group, which includes Slaughter […]

Hong Kong

CMS agrees Hong Kong tie-up with local firm

CMS Hong Kong has entered into an association with new firm Shirley Lau & Co, providing the firm with local law capabilities in the region. The group is formed of members of Troutman Sanders’ Asia offices, including partner Shirley Lau and seven other senior corporate and litigation associates. Earlier this year, Troutman confirmed it would be pulling out of […]

Global Features

global networks

The future of networks

Networks believe they are winning their battle with global law firms as advances in technology and cultural awareness play into their hands

Roger Barron Linklaters

Linklaters M&A star exits for Paul Hastings

Linklaters heavyweight M&A partner Roger Barron is exiting the firm after 17 years to join Paul Hastings in London. This move comes exactly a week after Paul Hastings announced the hire of DLA Piper partner Anu Balasubramanian. Barron featured in The Lawyer Hot 100 2018, sealing his place in this year’s Hot 100 following his work closing […]

moves, lateral hires and exits

Norton Rose hit with mass defection as 15-strong team exit to Reed Smith

A team of 15 lawyers across four different Norton Rose Fulbright offices in the US have decamped to join Reed Smith. The team includes global head of life sciences and healthcare Rick Robinson, Washington partner Lesley Reynolds, Austin partners Jeff Layne and Ben Koplin and New York partner Cori Goldberg. Two Norton Rose associates, Washington […]

Kathy Honeywood

Clifford Chance corporate partner exits for Bakers

Clifford Chance corporate partner Kathy Honeywood, who led the magic circle’s South East Asia Pacific corporate practice since 2015, is leaving the firm to join Baker McKenzie in London. Honeywood, who was at the magic circle firm her entire career, will join Bakers’ energy, mining and industrials (EMI) practice. She specialises in complex M&A transactions, corporate […]

Anu Balasubramanian

Paul Hastings launches dedicated City PE practice with DLA hire

DLA Piper partner Anu Balasubramanian is joining Paul Hastings as the firm prepares to take on the increasingly competitive private equity market in the City, The Lawyer can reveal. Balasubramanian will be Paul Hastings’ first dedicated London private equity partner and is also the second DLA partner to be enticed by the US firm after […]

DLA Piper takes the plunge with long-awaited Dublin launch

DLA Piper has finally confirmed its launch in Dublin after months of speculation that it was looking to join other new entrants in the market, such as Pinsent Masons and Simmons & Simmons. William Fry partner David Carthy is the first partner to join the firm in Dublin. He made partner at the local firm […]

Nicola Dagg

Kirkland strikes at A&O strategy with hire of IP head Dagg

Allen & Overy’s (A&O) international litigation expansion strategy has been dealt a heavy blow today, as Kirkland & Ellis lands the hire of global head and London IP star Nicola Dagg. This is the first IP litigation hire for Kirkland in London, and Dagg is expected to help service Kirkland’s existing US clients and bolster […]

munich germany

Latham recruits second magic circle partner in a week

Latham & Watkins has hired its second magic circle partner in a week, this time from Clifford Chance’s finance practice in Germany. It brings welcome respite for Linklaters, which lost financial regulation partner Carl Fernandes to Latham’s London office last week, along with finance counsel Antongiulio Scialpi who joined the firm in Madrid. Clifford Chance […]

Lateral hires London

The US law firm dominating the London lateral market is…

Reed Smith has made more lateral hires in the UK last year than any of its competitors in the top US law firms ranking, The Lawyer can reveal, bringing in a total of 16 new partners. Eight of the new arrivals joined Reed Smith from King & Wood Mallesons (KWM), the AsiaPacific-headquartered firm that went […]

Shearman raids three firms for Houston launch

Shearman & Sterling has opened its second Texas office, bringing in six partners to Houston in a strategic bid to bolster its oil and gas transactions and projects work. Senior partner David Beveridge has been keen to cultivate Shearman’s corporate presence in the US since he took the role at at the beginning of March. […]

Latest Briefings

Update on EC proposals to amend UCITS, AIFMD, EuVECA and ELTIF to facilitate cross-border distribution

On 12 March 2018, the European Commission issued a proposal for a new regulation (the Regulation) and a new directive (the Directive) concerning the cross-border distribution of collective investment funds amending inter alia UCITS (the UCITS Directive), AIFMD, EuVECA and EuSEF (the Proposals). Please find below a summary of the main changes under the Proposals. What will change under the Proposals?

MEES: What information is required to register an exemption?

By Maria Connolly Since 1 April, it has been unlawful for a landlord to let a property with an EPC rating of below E, unless an exemption has been registered on the PRS Exemptions Register. The government has released guidance on the evidence required to register an exemption on the PRS Exemptions Register…

Getting the Deal Through: Fund Management 2018, Luxembourg edition

Fund Management traces the regulatory and legislative obligations facing fund managers balancing the need to maximise investment returns whilst also ensuring adequate investor protections in an increasingly challenging regulatory environment. Topics are written by leading experts and include: authorities responsible for fund regulation; licensing processes; territorial scope of regulation; required authorisations of fund marketing activities; […]

Financial Regulatory News Updates – April 2018

The Financial Regulatory News Updates: an overview in which Loyens & Loeff’s Banking and Finance Practice Group highlights recent legislative developments and publications of supervisory authorities in the financial markets…

Dutch coal exit proposed by new draft bill

On 19 May 2018 the Minister of Economic Affairs and Climate Policy (hereinafter: ‘the Minister’) published its draft bill (in Dutch only) on the Prohibition of the use of coal by power producers for public consultation (hereinafter: ‘the draft bill’). The basis of the draft bill derives from international (the Paris Agreement in 2015) and national (the […]

What does your emoji say about you?

By Orla Shevlin In an ongoing UK case, a defendant has alleged that the posting of a sad emoji face as part of an update to customers was a breach of contract. Phones 4U Limited (in administration) v EE1 Limited concerns a dispute involving the termination of a contract between mobile phone retailer, Phones 4U Limited […]

Digital age of consent for children’s data to be set at 16

By David Cullen The Irish government has been defeated on its proposal to set the digital age of consent for the processing of children’s data at 13. We discussed this government proposal in a previous article. During a recent debate on the Data Protection Bill 2018, which is due to be signed into law shortly, an […]

Angola: Natural gas legal framework

Presidential Legislative Decree 7/18, of 18 May 2018 (“PLD 7/18”) enacted the Angola Natural Gas Framework Law, which lays down the legal and tax principles applicable to the activities of prospecting, exploration, appraisal, development, production and sale of natural gas in Angola…

Mozambique: National minimum salaries 2018-19

Every year, the Mozambican Government readjusts the national minimum salaries applicable to groups of employees whose working conditions justify their protection being ensured… …In turn, article 108(5) of the Employment Law, approved by Law no. 23/2007 of 1 August, provides that “the Government, after hearing the Employment Consultative Committee, establishes the national minimum salary or […]

Life Sciences: product regulation and liability in Romania

One recent legal development in the pharmaceutical field is the change of methodology for establishing prices for medicinal products which are totally or partially paid for by the social security system. However, already representatives from associations of medicine producers are pushing for this methodology to be revised, claiming that its overall impact on the market […]

Parallel import guidance clarified by CJEU

By Charlie Bond and John Coldham The Court of Justice of the European Union (CJEU) has issued a ruling clarifying what you can, and cannot, do if you wish to import goods from one Member State of the EU to another. In summary, it has ruled that the trademark owner cannot oppose the further commercialisation of […]

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