Six partners gone, revenue low – but BLP bullish over projects saga
This has not been a good year for Berwin Leighton Paisner’s projects team. The department lost six partners over the course of 12 months.
F&C harasses tribunals
McDermott Will & Emery employment partner David Dalgarno has pitched himself squarely against the Employment Tribunal. Dissatisfied with its decision to uphold Gillian Switalski’s £13.4m sexual harassment claim against his client, F&C Asset Management, Dalgarno took the case to the Employment Appeal Tribunal to have the judgment quashed. But F&C lost. Despite losing in two […]
Lovells rolls up for Rock ruck
The ongoing Northern Rock saga has provided rich pickings for legal advisers, what witha liquidity crisis followed by a proposed sale, then a nationalisation and now a judicial review.A plethora of firms, from Freshfields Bruckhaus…
Trio of firms seal Russian vodka deal
A trio of US firms have been handed roles as UK private equity house Lion Capital buys Russia’s biggest vodka brand in a deal worth $600m (£303m). Weil Gotshal is representing Lion Capital, with London-based corporate partner Ian Hamilton working alongside Michael Francies and tax partner Sarah Priestley. Russian Alcohol, which makes Green Mark Vodka, […]
Dundas & Wilson in landmark High Court pension win
The London office of Dundas & Wilson has won a High Court victory for the Pension Protection Fund (PPF) that will have wide-reaching implications for thousands of pensioners in insolvent companies. Sitting in the Chancery Division, Mr Justice David Richards found in favour of the PPF in a long-running case relating to asbestos producer Turner […]
Olswang pleased with ‘comforting’ financial results
Olswang has posted an 11.2 per cent increase in revenue over the past year, up to £92.4 million from 83.1m the year before. The firm’s commercial team reported growth of 28 per cent in 2007 while the corporate group grew 12 per cent year-on-year. The figures show a steady growth but will not help block […]
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£13.4m Switalski claim upheld; F&C to appeal
The challenge against the ex F&C Asset Management legal chief’s multi-million pound discrimination claim has failed.
Clifford Chance leads on $1.15bn Kuwaiti LSE float
Clifford Chance has snared a lead role on a $1.15bn (£580m) Kuwaiti listing on the London Stock Exchange. Clifford Chance partners Simon Sinclair and Robert Trefney led the firm’s team advising Kuwaiti investment company Global Investment House on the listing of global depository receipts in London. This is the first listing of its type for […]
Cravath, Paul Weiss advise in $9.25bn media deal
US firms Cravath Swaine & Moore and Paul Weiss Rifkind Wharton & Garrison snared lead roles on Time Warner’s $9.25bn spin off of its cable television operations.Long standing advisers Cravath advised Time Warner on the deal, which will see the…
Latham names new finance chief
Latham & Watkins has today (Thursday 22 May) announced the appointment of David Heller as the new global chair of the firm’s finance department. Heller is currently co-chair both of Latham’s insolvency and Latin American practice groups. A restructuring specialist, Heller has represented senior and junior secured and unsecured lenders in workouts and bankruptcy proceedings […]
Harbottle & Lewis tax chief elected managing partner
Media and entertainment firm Harbottle & Lewis has appointed a new managing partner, with tax partner Glen Atchison taking over from Lawrence Abramson. Atchison will take up his new role at the start of June, after leading the tax practice for 10 years. He has been on the firm’s management committee since 2006. Atchison said: […]
Class conscious
One of the areas most likely to see the introduction of new forms of collective claim is the field of antitrust damages claims. On 2 April the European Commission published a white paper setting out concrete proposals to make antitrust damages claims easier to bring. The Office of Fair Trading (OFT) also published its own […]