Clifford Chance’s US practice has been hit with its second partner loss in less than a week, as its co-leader of the banking and financial restructuring group departs. Robert Finley, the former managing partner of the pre-merger Clifford Chance New York office, is leaving for King & Spalding. The announcement of his departure comes just […]
US firm Orrick Herrington & Sutcliffe has swooped for Alan D’Ambrosio, a former senior partner of Winston & Strawn. D’Ambrosio joins the firm as a partner in Orrick’s New York corporate practice. His practice will focus on IT and outsourcing and European corporate work. D’Ambrosio’s European experience has mainly been advising French and Italian companies […]
Osborne Clarke has launched a property practice in Thames Valley with the transfer of senior associate Andrew Clayton from the Bristol office. The firm already has corporate, banking, commercial and employment practices in the region. Clayton will initially handle all property matters in the Thames Valley on his own, however the firm is looking to […]
In an interview with CNBC TV this week, Ely Place silk Jonathan Goldberg QC announced the ambition of his client, Asil Nadir, to become the president of Northern Cyprus. As you’ll remember, Nadir founded the Polly Peck empire, which collapsed spectacularly in the early 1990s. He escaped prosecution by the Serious Fraud Office (SFO) by […]
Wragge & Co has won out against the Treasury Solicitor’s department in a bizarre dispute over the Napster domain name. The UK’s internet names organisation Nominet has ruled that the Treasury Solicitor department held an abusive registration of the domain name www.napster.co.uk. Napster was the world’s first popular music file-sharing system but was shut down […]
Delayed cash collection and insufficient credit checks are continuing to blight UK law firms, according to research by PricewaterhouseCoopers (PwC). The accountancy firm’s annual “Financial Management in Law Firms” survey reveals that 84 per cent of respondents, that included 47 of the top 100 UK firms, are taking on average 60 days to collect fees. […]
Allen & Overy (A&O) has lost Hong Kong-based litigation partner Cameron Scott to the Accountancy Investigation & Discipline Board (AIDB) in London. Scott, who focuses on insurance, professional indemnity and insolvency litigation, will be replaced by London litigation partner Angus Ross. Ross, an Australian and English-qualified lawyer, is due to relocate in a couple of weeks. Andrew Jeffries, A&O […]
Despite the political rhetoric that labels it ‘jackpot justice’, the average US class action award has been holding steady, says a recent study by two law school professors. Cornell University’s Theodore Eisenberg and the University of New York’s Geoffrey Miller found that the average price of class action settlements and the average fee to attorneys have seen no […]
The legal movers and shakers behind our national newspapers are the Fleet Street lawyers, who despite their power like their anonymity. Naomi Rovnick blows their cover
Spain has a new regulation creating more transparency in corporate governance. Fernando Vives and Javier Ybañez report
O’Melveny & Myers has welcomed back Citigroup’s former chief operating officer (COO) as senior partner of its New York office more than a decade after his departure from the firm. Michael Masin is returning to O’Melveny after taking on a number of high profile executive roles that most recently saw him as vice president and […]
Ryanair has turned to Weil Gotshal & Manges for extra help against the European Commission over a state aid case involving the cut-price carrier and Brussels’ Charleroi Airport. Although Ryanair has previously instructed the firm’s Frankfurt and Paris offices, this is the first time it has used its Brussels practice. Irish corporate firm A&L Goodbody […]