Go East

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LAWYER NEWS DAILY - 29/08/2008
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Go East
-----------------------------------------------------------
Unless you've spent 2008 working in a box in the
stationary cupboard, you'll have noticed that firms
are banking on emerging markets to get them through the
credit crunch - key among those markets is the Middle East.

Linklaters is the latest to bulk up in the region, moving
London capital markets partner Richard O'Callaghan and banking
partner James Martin to Dubai (see story http://www.thelawyer.com/cgi-bin/item.cgi?id=134307&d=415&h=417&f=416).

This comes just weeks after Denton Wilde Sapte announced
it is contemplating offering associates partnership in
two years if they agree to a stint in the region;
Clifford Chance, Latham & Watkins and Texas-based Vinson & Elkins
ramped up there; Washington DC-based Hogan & Hartson opened
in Abu Dhabi and New York's Curtis Mallet-Prevost Colt & Mosle
got a licence to open in Dubai. See what we mean?

But while almost everyone is honing in on the region, actual
success is still to play for. As our feature http://www.thelawyer.com/cgi-bin/item.cgi?id=133765
last month revealed, while most of the Sweet Sixteen world-beating
firms now have the necessary local tie-ups in Saudi Arabia,
Linklaters, Latham and Skadden Arps have yet to make ties - and
there are just two major Saudi firms left for the three to woo.

And it's not just about wooing the Saudis. Our UK 200 Annual
Report 2008, included with The Lawyer on Monday and featured
on TheLawyer.com the day after, anticipates a wave of consolidation
in the UK legal market and includes a long list of fantasy mergers.

So who's on the list? We'd love to tell you, but we don't want
to ruin Monday's fun.

-----------------------------------------------------------
lawyernewsdaily@thelawyer.com
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==========================================================
BREAKING NEWS
==========================================================

29-August-2008
Linklaters to move London finance pair to Dubai
http://www.thelawyer.com/item/134307
-----------------------------------------------------------
28-August-2008
Bevan Brittan chief exec voted out; profit plan launched
http://www.thelawyer.com/item/134305
-----------------------------------------------------------
28-August-2008
Knowles seeks new term as DLA chief
http://www.thelawyer.com/item/134304
-----------------------------------------------------------
28-August-2008
McCartney divorce makes Shackleton a household name
http://www.thelawyer.com/item/134303
-----------------------------------------------------------
28-August-2008
Field Fisher boosts IP disputes with DLA hire
http://www.thelawyer.com/134302
-----------------------------------------------------------
27-August-2008
Dentons aviation partner to retrain as pilot
http://www.thelawyer.com/item/134300

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News Briefs

News Briefs Date Sent: Thursday, August 28, 2008		Subscribe/Unsubscribe All Law Mailing Lists
08.28.2008 Supreme Court Litigation Clinic Students and instructors talk about what it's like to participate in the Supreme Court litigation clinic. The yearlong clinic allows students to work on actual Supreme Court cases under the supervision of law faculty and practicing attorneys. 08.22.2008 Another Second-Class Citizen: How the Justice Department Has Been Debasing Immigration Courts for Years Professor David Martin writes about a recent inspector general's report in an op-ed first published by the Legal Times. 08.22.2008 Early Offers Program Would Improve Tort System, According to New Book An "early offers" program in which medical malpractice and product liability lawsuits could be quickly settled would improve a tort system that is often slow, expensive and unfair, according to a new book co-authored by Law School Professor Jeffrey O'Connell. 08.20.2008 Dean Paul Mahoney Welcomes the Class of 2011 Dean Paul Mahoney welcomed the Class of 2011 at orientation Aug. 18. 08.20.2008 Judge J. Harvie Wilkinson III '72 Addresses the Class of 2011 Judge J. Harvie Wilkinson III '72 of the 4th U.S. Circuit Court of Appeals addressed the Class of 2011 at orientation Aug. 18. 08.13.2008 Ruth Payne '02 Joins Law School as Director of Career Services for Clerkships and Programs After more than four years with the U.S. Department of Justice, Ruth Payne '02 returns to the Law School this year as the new director of career services for clerkships and programs. 08.01.2008 Trujillo Returns to Admissions Office as Senior Assistant Dean On July 1, Jason Trujillo was promoted to senior assistant dean for admissions and financial aid, and is now tasked with heading the office that recruits potential students, decides whether they get in and helps admitted students find ways to pay for their legal educations. He replaces Susan Palmer, who left the Law School this summer to take a position as the associate dean for student affairs at the University of South Carolina School of Law. 07.31.2008 Brown-Nagin Workshop: Civil Wrongs Do Not Bring Civil Rights: Civil Disobedience on Trial, 1964-69 Professor Tomiko Brown-Nagin will present a chapter from her forthcoming book, "Courage to Dissent: Courts and Communities in the Civil Rights Movement."
To remove your name from this or any other law list, go to Law Mailing Opt In/Out. All mailing lists can be accessed via the Law School Web site.

New kid on the block

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LAWYER NEWS DAILY - 28/08/2008
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New kid on the block
-----------------------------------------------------------
It's been something of a saga, but the row over Bevan
Brittan chief executive Stuart Whitfield has ended: the
partnership has voted to replace him with a non-lawyer, Andrew Manning
(see story http://www.thelawyer.com/item/134305).

Pledging to reverse the long period of falling profit with
an increase of 37 per cent in his first year, Manning will
try to succeed where Whitfield has failed.

In January, Whitfield came out in defence of the firm's strategy,
telling The Lawyer: "We're reshaping the practice since the
demerger and it takes a while to build things back up."
(The Lawyer, 28th January http://www.thelawyer.com/item/130904)

And it most certainly has.

The "reshaping" has so far involved redundancies including
the head of the firm's Birmingham office, Sharon McCann, as
well as a plummet in the firm's average profit per equity
partner from GBP234,000 to GBP180,000 in the last year alone.

As some posters on TheLawyer.com have argued, having taken
a corporate-style chief executive role rather than one as
a traditional law firm managing partner, Whitfield should
have taken executive responsibility for the failure to
improve and stepped down.

But did he envisage that the "reshape" would put his own
head on the block? We think not.

Bevan Brittan partners are impatient for results. And after
having voted down their leader, they may prove less hesitant
to do so again.

After making some bold promises, former COO, new chief exec
Andrew Manning has a lot of expectations to live up to. He
may live to be nostalgic of his cosy former job.

-----------------------------------------------------------
lawyernewsdaily@thelawyer.com
==========================================================
==========================================================
BREAKING NEWS
==========================================================
28-August-2008
Bevan Brittan chief exec voted out; profit plan launched
http://www.thelawyer.com/item/134305
-----------------------------------------------------------
28-August-2008
Knowles seeks new term as DLA chief
http://www.thelawyer.com/item/134304
-----------------------------------------------------------
28-August-2008
McCartney divorce makes Shackleton a household name
http://www.thelawyer.com/item/134303
-----------------------------------------------------------
28-August-2008
Field Fisher boosts IP disputes with DLA hire
http://www.thelawyer.com/134302
-----------------------------------------------------------
27-August-2008
Dentons aviation partner to retrain as pilot
http://www.thelawyer.com/item/134300
-----------------------------------------------------------
27-August-2008
Manchester firm follows non-doms to Switzerland
http://www.thelawyer.com/item/134299

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Orrick's global ambitions

Thursday 28th August 2008 15.30 GMT Total Recipients: 67,750

Orrick's global ambitions Orrick Herrington & Sutcliffe's hire of Raniero D'Aversa earlier this week signals a major boost to the firm's bankruptcy and restructuring practice on both sides of the Atlantic (see story). D'Aversa was the global co-chair of Mayer Brown's restructuring, bankruptcy and insolvency practice. Though based in New York, his arrival underlines Orrick's ambition for growing the practice globally. Mark Fennessy, a partner in Orrick's London creditors' rights and bankruptcy practice, emphasised the importance of strength in both the City and Manhattan if the firm is to achieve its ambition. "We want to be known for this kind of work," Fennessy told The Lawyer. "To make this happen we have to recruit into our European and US offices with London and New York being critical to the success of the practice." D'Aversa is evidence that the firm is making headway. But it also highlights the fact that Orrick is back in the hunt for global growth, with the little matter of the firm's impending deal with Duesseldorf independent Hoelters & Elsing likely to help a little. Orrick, untypically quiet for 18 months, is stirring.   matt.byrne@thelawyer.com 26-August-08 DLA Piper raids Thelen Reid for eight-partner team 26-August-08 Orrick taps Mayer Brown for restructuring push 26-August-08 Cadwalader's Beijing head defects to A&O 21-August-08 Dewey & LeBoeuf hires Fried Frank employment partner 20-August-08 Cadwalader launches covered bond practice 20-August-08 Kirkland faces US malpractice case

If you have a friend or colleague that you think might find The Lawyer in New York informative, why not forward it to them? New users please register at: http://www.thelawyer.com/register To unsubscribe, please click here and enter your login details. PLEASE DO NOT REPLY TO THIS EMAIL as the return mailbox is not monitored. If you wish to contact us, please send a separate email to matt.byrne@thelawyer.com The Lawyer and The Lawyer.com are part of Centaur Media PLC St Giles House, 50 Poland Street, London, W1F 7AX Copyright © 2008 The Lawyer / Lawyer News Daily

Taking a (permanent) busman's holiday

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LAWYER NEWS DAILY - 27/08/2008
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Taking a (permanent) busman's holiday
-----------------------------------------------------------
City law firms are proud of having high-flyers among their
ranks, but sometimes it can get the better of them. Especially
when they decide to fly the nest that has nurtured them with
subsidised canteen food, partner conference jollies and the
occasional beautician.

So you might expect Denton Wilde Sapte to be put out that its
sole Abu Dhabi-based aviation partner Owain Jones is leaving the
firm for a high-flying role of a different nature - as a
commercial pilot. Not so - head of aircraft finance Nick
Chandler told The Lawyer he's 'really pleased for him'.

See story
http://www.thelawyer.com/item/134300

What next might we ask? Head of media and sport Adrian Barr-Smith
flying down the wing of Manchester United? Or head of
energy, transport and infrastructure Chris McGee-Osborne becoming
a bus driver?

Stranger things have happened.

-----------------------------------------------------------
lawyernewsdaily@thelawyer.com
==========================================================
==========================================================
BREAKING NEWS
==========================================================
27-August-2008
News Corp appoints European legal chief
http://www.thelawyer.com/item/134298
-----------------------------------------------------------
27-August-2008
Manchester firm follows non-doms to Switzerland
http://www.thelawyer.com/item/134299
-----------------------------------------------------------
26-August-2008
BLP hires Barclays banker for finance push
http://www.thelawyer.com/item/134294
-----------------------------------------------------------
26-August-2008
DLA Piper raids Thelen Reid for eight-partner team
http://www.thelawyer.com/item/134296
-----------------------------------------------------------
26-August-2008
Orrick taps Mayer Brown for restructuring push
http://www.thelawyer.com/item/134295
-----------------------------------------------------------
22-August-2008
Hammonds takes two associates as partners
http://www.thelawyer.com/item/134289

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Banking on Harvey

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LAWYER NEWS DAILY - 26/08/2008
===========================================================
Banking on Harvey
-----------------------------------------------------------
Berwin Leighton Paisner is looking to hone its finance sector
expertise with the creation of a consultancy role for ex-Barclays
banker Peter Harvey (see story http://www.thelawyer.com/cgi-bin/item.cgi?id=134294&d=415&h=417&f=416)

The firm's head of finance Simon Allan could certainly do worse than
listen to a few choice words from this Barclays veteran.
Harvey spent 33 years at the bank - one of BLP's clients - in
several management roles.

An expansion of BLP's little black book is not guaranteed through
Harvey's connections, but symbolically the hire says a lot about
the firm's continued aim to expand out of its property base and
into other sectors.

The firm is keen to have it known that its finance practice
has doubled in capacity over the last three years and finance
is one of a number of practice areas, including corporate and
tax, that have seen heavy investment.

However, despite mammoth efforts, the combined share of the
non-property practices as a percentage of total turnover grew
by just 1 per cent this year.

The firm will be banking on Harvey to help change that.

-----------------------------------------------------------
lawyernewsdaily@thelawyer.com
==========================================================
==========================================================
BREAKING NEWS
==========================================================
26-August-2008
BLP hires Barclays banker for finance push
http://www.thelawyer.com/item/134294
-----------------------------------------------------------
26-August-2008
Cadwalader's Beijing head defects to A&O
http://www.thelawyer.com/item/134291
-----------------------------------------------------------
26-August-2008
Orrick taps Mayer Brown for restructuring push
http://www.thelawyer.com/item/134295
-----------------------------------------------------------
22-August-2008
Hammonds takes two associates as partners
http://www.thelawyer.com/item/134289
-----------------------------------------------------------
22-August-2008
Mallesons scoops Aussie rival's UK chief
http://www.thelawyer.com/item/134290
-----------------------------------------------------------
21-August-2008 World's first listed firm boosts revenue by 27 per cent
http://www.thelawyer.com/item/134287
-----------------------------------------------------------
21-August-2008 Ashurst raids Dechert for Islamic finance star Kamalpour
http://www.thelawyer.com/item/134285
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More pain for Cads

Tuesday 26th August 2008 15.30 GMT Total Recipients: 67,760

More pain for Cads Sometimes it appears things can only get worse. The news that New York's Cadwalader has lost yet another lawyer, this time from its Beijing office, has certainly intrigued Manhattan's legal community. As we report today, the firm is now left without a partner in its Beijing office after lead lawyer Mark Roppel left the firm (see story). Roppel announced his departure to the firm in the same week that Cadwalader was forced to lay off a record 96 lawyers last month, a move that followed its January round of redundancies when 35 associates exited for the last time. The bulk of both rounds of layoffs came in the US, but now out in the East Cadwalader's Beijing office has been left with just five associates and no partners. But don't go thinking the embattled firm is about to close the door on China. Oh no. According to a Cadwalader insider, the firm remains "completely committed" to China and, indeed, is out and about in the recruitment market hunting for private equity and restructuring lawyers. Good job it still has one or two associates left to run the show in the meantime.   matt.byrne@thelawyer.com 26-August-08 Cadwalader's Beijing head defects to A&O 21-August-08 Dewey & LeBoeuf hires Fried Frank employment partner 20-August-08 Cadwalader launches covered bond practice 20-August-08 Kirkland faces US malpractice case 20-August-08 UPDATED: Taylor Wessing loses 12 Paris partners to Nixon Peabody 18-August-08 US firms top London retention rankings

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Let me be your fantasy

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LAWYER NEWS DAILY - 22/08/2008
===========================================================

Let me be your fantasy
-----------------------------------------------------------
The Lawyer is joining the rest of its UK readers on holiday on Monday so you won't receive the paper or Lawyer News Daily, but we'll be back in your inbox on Tuesday and back on your desk on Monday 1 September.

The 1 September edition of The Lawyer is a bumper one including our annual opus The Lawyer UK 200 Annual Report.

As ever we've delved behind the figures to find out what's really going on at the UK's top 200 firms, the bar top 30 and the top 30 international firms operating in London. But this year we've had a bit more fun and used the figures as a starting point to look at the future shape of the legal market.

Globalisation and the Legal Services Act are just two factors that make this a unique moment of change and opportunity for the legal market - a sector that leading commentators such as Allen & Overy's David Morley and H4's Alan Hodgart predict will see massive consolidation.

So we've grabbed the chance to play cupid with all from the magic circle to the Rising 100. This year's report contains a guide to your firm's fantasy merger.

Which deal would make your firm bigger and better? Which firms are desperately in need of a merger to save the day? And which firms can approach the new era from a position of strength?

Grab your copy of The Lawyer on 1 September to find out. Have a good weekend, we'll see you on Tuesday.

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lawyernewsdaily@thelawyer.com
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==========================================================
BREAKING NEWS
==========================================================
22-August-2008 Hammonds takes two associates as partners
http://www.thelawyer.com/item/134289
-----------------------------------------------------------
22-August-2008 Mallesons scoops Aussie rival's UK chief
http://www.thelawyer.com/item/134290
-----------------------------------------------------------
21-August-2008 World's first listed firm boosts revenue by 27 per cent
http://www.thelawyer.com/item/134287
-----------------------------------------------------------
21-August-2008 Ashurst raids Dechert for Islamic finance star Kamalpour
http://www.thelawyer.com/item/134285
-----------------------------------------------------------
21-August-2008 Dewey & LeBoeuf hires Fried Frank employment partner
http://www.thelawyer.com/item/134286
-----------------------------------------------------------
20-August-2008 CC and Freshfields lead on GBP13.3bn BAA refinancing
http://www.thelawyer.com/item/134284
-----------------------------------------------------------
20-August-2008 Cadwalder launches covered bond practice
http://www.thelawyer.com/item/134283
-----------------------------------------------------------

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Abradat-cadabra!

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LAWYER NEWS DAILY - 21/08/2008
===========================================================

Abradat-cadabra!
-----------------------------------------------------------
Wow. Sometimes lateral hires provoke little interest for the outsider, but at other times the signature of a high-profile rainmaker can really get the blood racing as one struggles to figure out the consequences. Ashurst's hire of Dechert Islamic finance ace Abradat Kamalpour certainly lies in the latter category. See story. http://www.thelawyer.com/item/134285

For Ashurst, the benefits of scooping the well-connected Kamalpour are obvious. The hire gives its fledgling Middle East presence a real shot in the arm.

For Dechert, Kamalpour's departure robs the firm of one of its real stars in London. Dechert chairman Bart Winokur spoke to us last week about his desire to launch in the Middle East, but it seems that Kamalpour was not prepared to wait while Dechert scopes out the opportunities.

This is a young lawyer in a hurry. Kamalpour was an associate at Norton Rose just three years ago and now he is one of the go-to names in the thriving practice of Islamic finance.

Apparently, Dechert's Islamic finance practice will now be led by New York-based partner Andreas Junius, which says a lot about Dechert's failure to build out a practice around Kamalpour.

A Dechert spokesperson claimed this does not change the firm's "commitment to the Middle East", but it puts a serious dent in Winokur's global ambitions.

-----------------------------------------------------------
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==========================================================
BREAKING NEWS
==========================================================
21-August-2008 World's first listed firm boosts revenue by 27 per cent
http://www.thelawyer.com/item/134287
-----------------------------------------------------------
21-August-2008 Ashurst raids Dechert for Islamic finance star Kamalpour
http://www.thelawyer.com/item/134285
-----------------------------------------------------------
21-August-2008 Dewey & LeBoeuf hires Fried Frank employment partner
http://www.thelawyer.com/item/134286
-----------------------------------------------------------
20-August-2008 CC and Freshfields lead on GBP13.3bn BAA refinancing
http://www.thelawyer.com/item/134284
-----------------------------------------------------------
20-August-2008 Cadwalder launches covered bond practice
http://www.thelawyer.com/item/134283
-----------------------------------------------------------
20-August-2008 SRA accused of institutional racism
http://www.thelawyer.com/item/134282
-----------------------------------------------------------
20-August-2008 Kirkland faces US malpractice case
http://www.thelawyer.com/item/134281
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Bond Street

Thursday 21st August 2008 12.00 GMT Total Recipients: 67,790

Bond Street New York firms are gearing up for this season's hottest new finance trend - covered bonds. Hardly sexy stuff, but the instruments could serve to prop up many a depressed finance practice. Cadwalader Wickersham & Taft, which previously bet its strategy on the securitisation market, launched its transatlantic covered bond practice group earlier this week (see story). Katten Muchin & Rosenman has also mobilised its securitisation teams to take advantage of the next big thing in the US finance world. For Cadwalader the timing could not be more significant. Having focused all its energies on securitisation, leading to a raft of redundancies both sides of the Atlantic, it is desperately in need of a new direction. Let's hope for its sake that covered bonds live up to their "more secure investment" claim - the firm may not survive the bottom falling out of another market. Let's also hope that Cadwalader has learned not to pin all its hopes on one segment of the market.   matt.byrne@thelawyer.com 21-August-08 Dewey & LeBoeuf hires Fried Frank employment partner 20-August-08 Cadwalder launches covered bond practice 20-August-08 Kirkland faces US malpractice case 20-August-08 UPDATED: Taylor Wessing loses 12 Paris partners to Nixon Peabody 18-August-08 US firms top London retention rankings 18-August-08 BarCap rejigs international legal structure

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SRA shame

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LAWYER NEWS DAILY - 20/08/2008
===========================================================

SRA shame
-----------------------------------------------------------
The Solicitors Regulation Authority (SRA) will be hanging its head in shame today after being accused of institutional racism (see story).

The former head of the Commission for Racial Equality Lord Ouseley said in an independent report that the SRA's investigations potentially leave the legal watchdog open to the charge of institutional racism.

Society of Black Lawyers chair Peter Herbert feels the findings are "as serious for the legal profession as the inquiry into the police investigation of the racist murder of Stephen Lawrence was for the Metropolitan Police Service".

Now that's an investigation the SRA will not want to be linked with.

It's unlikely that solicitors will now spend so long debating whether the Legal Services Board should have been brought in as an over-arching regulator of the legal profession.

A regulator to regulate the regulators must now be seen as a welcome move by the Government.

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BREAKING NEWS
==========================================================
20-August-2008 SRA accused of institutional racism
http://www.thelawyer.com/item/134282
-----------------------------------------------------------
20-August-2008 Kirkland faces US malpractice case
http://www.thelawyer.com/item/134281
-----------------------------------------------------------
20-August-2008 Taylor Wessing loses 12 Paris partners to Nixon Peabody
http://www.thelawyer.com/item/134280
-----------------------------------------------------------
19-August-2008 Travers' Barter goes in-house at Bridgepoint
http://www.thelawyer.com/item/134276
-----------------------------------------------------------
19-August-2008 Simmons rejig sees global roles come to London
http://www.thelawyer.com/item/134278
-----------------------------------------------------------
19-August-2008 CC eyes Indian market with Amarchand hire
http://www.thelawyer.com/item/134277
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18-August-2008 Ashurst prepares Protherics for potential takeover
http://www.thelawyer.com/item/134274
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Working from home

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LAWYER NEWS DAILY - 19/08/2008
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Working from home
-----------------------------------------------------------
It's not easy being an international law firm. One of the biggest challenges is making sure the disparate parts of your network feel like part of the family.

Ruling a global empire from head office without keeping foreign branches in the loop is likely to send your overseas lawyers running into the arms of poachers. With this in mind, Simmons & Simmons' latest move is a bold one (see story).

The firm has replaced the only international practice group (IPG) heads based outside of London with City partners. And this only three months after creating the IPG role to emphasise its new global outlook.

The firm insists this is not a deliberate policy, but the result is the same. Around half of Simmons' lawyers work in its international offices. And yet not one of the 10 IPG chiefs, who are responsible for hiring, firing and strategy, works outside of London.

Hardly representative government. Both the outgoing IPG heads will now focus on their own jurisdictions - Job Rietkerk in Holland and Damon Le Maitre-George in Asia, particularly China.

Now that Le Maitre-George has more time on his hands, could the long-awaited Beijing office finally be about to open? It has been three years and counting since Simmons first applied for a licence and, with the Olympics in full flow, the timing could not be more perfect. Better late than never.

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==========================================================
BREAKING NEWS
==========================================================
19-August-2008 Travers' Barter goes in-house at Bridgepoint
http://www.thelawyer.com/item/134276
-----------------------------------------------------------
19-August-2008 Simmons rejig sees global roles come to London
http://www.thelawyer.com/item/134278
-----------------------------------------------------------
19-August-2008 CC eyes Indian market with Amarchand hire
http://www.thelawyer.com/item/134277
-----------------------------------------------------------
18-August-2008 Ashurst prepares Protherics for potential takeover
http://www.thelawyer.com/item/134274
-----------------------------------------------------------
18-August-2008 Lawyers remain happy at work despite increased workloads
http://www.thelawyer.com/item/134272
-----------------------------------------------------------
18-August-2008 Hammonds prepares the ground for US merger
http://www.thelawyer.com/item/134249
-----------------------------------------------------------
18-August-2008 Eversheds chief exec quits role for more time with the missus
http://www.thelawyer.com/item/134250
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UK firm WLTM attractive US firm

Tuesday 19th August 2008 11.30 GMT Total Recipients: 67,814

UK firm WLTM attractive US firm The UK mid tier has big plans in the US. In this week's issue of The Lawyer (18 August) Hammonds managing partner Peter Crossley underscored the firm's dedication to finding a transatlantic merger. While Hammonds is in pursuit of the American Dream, Crossley is realistic about the challenges and the dangers of a rash decision: "Getting it wrong would be disastrous," he said. From this side of the pond, Crossley's realism is echoed. "One thing UK firms should learn is that you can't compromise the firm or the culture," says one US partner. "We have seen with Clifford Chance and Rogers & Wells that adapting the lockstep structure is not sensible. You have to stay true to who you really are." For Crossley a merger would transform Hammonds' £15m US business and he is keen to find an attractive US firm with a presence in Eastern Europe and Asia. Which could be easier said than done. "There really aren't many US merger candidates" says a US partner. "The top-tier US firms do not need to merge so setting your focus on a mid-tier US firm would create more opportunities." Perhaps it is less the American Dream and more the Holy Grail that Crossley is chasing.   matt.byrne@thelawyer.com 18-August-08 US firms top London retention rankings 18-August-08 BarCap rejigs international legal structure 18-August-08 Dechert to go global after Beijing go-ahead 18-August-08 Hammonds prepares the ground for US merger 15-August-08 Weil Gotshal appoints Lyle as new DC head 15-August-08 Beijing gives Dechert green light for global drive

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No Gray days for lawyers

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LAWYER NEWS DAILY - 18/08/2008
===========================================================

No Gray days for lawyers
-----------------------------------------------------------
Lawyers are a cheery bunch. Despite research showing they are now doing more work than they were at the start of the year, what with the credit crunch meaning posts are left unfilled, the majority of lawyers remain satisfied in their jobs (see story).

Just how long this will be the case is another matter, with too-heavy workloads generally leading to an unhappy workforce.

Eversheds chief executive David Gray is perhaps a case in point. As The Lawyer revealed today (18 August), Gray has loved leading the firm for the past six years, but having worked more than his fair share of extra days, he "misses his missus" (see story), so is stepping down from the management position.

Some future partners at Linklaters will have many extra days to work. The magic circle firm has proposed an extended lockstep that will see partners in new practice areas having to climb a few extra lockstep rungs before reaching plateau (see story). That's bound to add up to weeks of extra work.

Still, with only three-quarters of lawyers surveyed by recruiter Badenoch & Clark actually taking their full holiday allowance this of all years, they're obviously not bothered.

-----------------------------------------------------------
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==========================================================
BREAKING NEWS
==========================================================
18-August-2008 Ashurst prepares Protherics for potential takeover
http://www.thelawyer.com/item/134274
-----------------------------------------------------------
18-August-2008 Lawyers remain happy at work despite increased workloads
http://www.thelawyer.com/item/134272
-----------------------------------------------------------
18-August-2008 Hammonds prepares the ground for US merger
http://www.thelawyer.com/item/134249
-----------------------------------------------------------
18-August-2008 Eversheds chief exec quits role for more time with the missus
http://www.thelawyer.com/item/134250
-----------------------------------------------------------
18-August-2008 Linklaters moots lower lockstep rungs
http://www.thelawyer.com/item/1342251
-----------------------------------------------------------
18-August-2008 CC's, Eversheds' outsourcing: greed, or just common sense?
http://www.thelawyer.com/item/134269
-----------------------------------------------------------
18-August-2008 US firms keep a grip on their trainees to go top of the London retention rankings
http://www.thelawyer.com/item/134258
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BPP
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Beijing bound

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LAWYER NEWS DAILY - 15/08/2008
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Beijing bound
-----------------------------------------------------------
In today's Beijing Blog, Norton Rose associate Steven Towell talks about the changing landscape in the Chinese capital as the preparations for the Games gathered pace.

It's probably fair to surmise that he didn't have Dechert's new office in mind when he was writing his blog. Unless, of course, he is one of the lateral hires that the US firm has lined up to staff its latest venture. See story.

Dechert chairman Bart Winokur almost certainly had an eye on the benefits that having the word 'Beijing' in a headline this week could have. He can expect a good few thousand more hits on the news of Dechert's office launch this week than he might have had at any other time during the year.

Talking from New York, Winokur was audibly excited about the opportunities offered by globalisation. And he's not the only one. Check Monday's edition of The Lawyer for a juicy scoop on another firm of a very different hue that's looking at the big picture.

What would you chant at the Beijing badminton? Doubtless something better than Norton Rose's Steven Towell, the latest poster on our Beijing 2008 blog. Plus: separating reality and PR in cutting your carbon; timely new special reports on athlete doping and privacy, international divorce and sovereign wealth fund investment in UK property; and why Australia's lawyers have itchy feet. -----------------------------------------------------------
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==========================================================
BREAKING NEWS
==========================================================
15-August-2008 Beijing gives Dechert green light for global drive
http://www.thelawyer.com/item/134223
-----------------------------------------------------------
15-August-2008 Weil Gotshal appoints Lyle as new DC head
http://www.thelawyer.com/item/134225
-----------------------------------------------------------
14-August-2008 Switalski on course for record compensation payout
http://www.thelawyer.com/item/134222
-----------------------------------------------------------
14-August-2008 Denton Wilde Sapte donates GBP50k to student grants
http://www.thelawyer.com/item/134221
-----------------------------------------------------------
14-August-2008 Baker & McKenzie revenue up a fifth; London lags behind
http://www.thelawyer.com/item/134220
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14-August-2008 BLG announces inflation-busting salary hikes
http://www.thelawyer.com/item/134219
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Dormant grant

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LAWYER NEWS DAILY - 14/08/2008
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Dormant grant
-----------------------------------------------------------
Painting the youth club or teaching kids to read might feel more fun and fulfilling, but there's one kind of pro bono work for which corporate lawyers are frankly far better suited: stumping up some cold hard cash.

And if that money can be found somewhere other than the pay cheques, all the better for the firm.

So kudos to Denton Wilde Sapte for its new pro bono initiative: using dormant client accounts to fund student bursaries at Birkbeck university (see story).

No doubt partly through goading by their PR counterparts, City pro bono teams have long sought ways of helping their own underprivileged neighbours, instead of just The World's.

As such, the firm is spinning the scheme as being centred around East-lying Birkbeck Stratford, though in reality students at Birkbeck in posh Bloomsbury are getting a look-in too.

Still, the more the merrier, and Dentons' assistance to east Londoners isn't really in doubt, given the firm's existing commitments to a local legal centre and a homeless shelter.

Factor in the word 'education' and you have an all-round feel-good story which, before you start posting comments, has been OK-ed by the SRA so is officially guaranteed from blowing back in anyone's face.

None of which is to suggest that this scheme is just about looking good.

But in a market in which the prospect of a salary hike to stay competitive makes managing partners break out in a sweat, any initiative that costs a firm nothing but makes it appear a benevolent organisation, not just a soulless money machine, is good HR thinking.

And much easier than a day's painting at the youth club.

'China's IPO' is how today's poster on our Beijing 2008 blog describes the games - read the post to hear how the event has changed China. Plus our takes on headcount tinkering at Simpson Thacher and Chadbourne & Parke's growth plan, and new special reports on athlete doping and privacy; international divorce and sovereign wealth fund investment in UK property. -----------------------------------------------------------
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==========================================================
BREAKING NEWS
==========================================================
14-August-2008 Denton Wilde Sapte donates GBP50k to student grants
http://www.thelawyer.com/item/134221
-----------------------------------------------------------
14-August-2008 Baker & McKenzie revenue up a fifth; London lags behind
http://www.thelawyer.com/item/134220
-----------------------------------------------------------
14-August-2008 BLG announces inflation-busting salary hikes
http://www.thelawyer.com/item/134219
-----------------------------------------------------------
13-August-2008 Mills & Reeve in Carbon Trust tie-up
http://www.thelawyer.com/item/134215
-----------------------------------------------------------
12-August-2008 Clydes raids Pinsents and Simmons for Middle East talent
http://www.thelawyer.com/item/134210
-----------------------------------------------------------
12-August-2008 Dentons sends newly-made-up partner to Dubai
http://www.thelawyer.com/item/134209
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Takeover talks

Thursday 14th August 2008 15.30 GMT Total Recipients: 67,859

Takeover talks Just days after the much-anticipated merger between Baker & McKenzie and Heller Ehrman was shelved, Bakers has announced robust turnover growth of 20 per cent for the 2007-08 financial year (see story). Which is good news for the firm, if for no other reason than it buys it more time to find a perfect merger partner. That Bakers is in the market for a merger is no secret - firmwide chairman John Conroy told The Lawyer the firm is in talks with a number of firms, having last year outlined his appetite to bulk up in that way (see story). A pairing with Heller seems to have been far from perfect, with the usual gripe of incompatible equity partnerships proving a major sticking point. Heller is clearly still suffering from the loss of a raft of partners since the beginning of last year, but Bakers' robust growth figures ensure it emerges from the failed talks a picture of health. When Coudert Brothers was disintegrating three years ago, Bakers stepped in to rescue much of the New York office after its merger talks with the whole firm failed. Bakers clearly has an eye for a bargain, so who else is on Conroy's radar? A quick glance at The Lawyer's US top 50 first revealed on 24 March, would suggest Holland & Knight as a likely target. It had the weakest revenue growth, the lowest profit per equity partner (PEP) and the third slowest PEP growth. That would seem to fit Conroy's criteria for takeover perfectly.   matt.byrne@thelawyer.com 14-August-08 Baker & McKenzie revenue up a fifth; London lags behind 12-August-08 Dorsey repairs London litigation with Eversheds hire 12-August-08 US firms hit court for JPMorgan/Bear showdown 11-August-08 Simpson Thacher gets tough on associates 11-August-08 Taylor Wessing and Nixon Peabody square up in Paris 'poaching' row 11-August-08 DLA Piper settles into new Abu Dhabi base

If you have a friend or colleague that you think might find The Lawyer in New York informative, why not forward it to them? New users please register at: http://www.thelawyer.com/register To unsubscribe, please click here and enter your login details. PLEASE DO NOT REPLY TO THIS EMAIL as the return mailbox is not monitored. If you wish to contact us, please send a separate email to matt.byrne@thelawyer.com The Lawyer and The Lawyer.com are part of Centaur Media PLC St Giles House, 50 Poland Street, London, W1F 7AX Copyright © 2008 The Lawyer / Lawyer News Daily

A relationship of Trust

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LAWYER NEWS DAILY - 13/08/2008
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A relationship of Trust
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If law firms were shops, Mills & Reeve would be Debenhams: neither upmarket nor down; dependable, respectable but not, frankly, all that exciting.

Which makes it all the more striking to see the firm on the first panel of The Carbon Trust - possibly the trendiest, most topical public body around. See story

The Trust, if you're not aware, is the not-for-dividend company created by the government to help businesses cut their C02 emissions. Which as you'll know, is a key part of that whole avoiding-global-meltdown-thing you've been hearing about.

The Trust is a newsworthy organisation, launching the Carbon Trust Standard to cut through corporate greenwash earlier this summer, and taking the wind out of David Cameron's turbine sails last week by revealing that putting turbines on city homes creates more C02 than it saves.

Anyway, environmental and social responsibility is a cool thing to be aligned with these days - just ask Freshfields, which launched its global CSR policy in February amid great fanfare.

Which makes winning a spot at the forefront of the push for energy that doesn't require climate change, propping up crappy regimes or launching dodgy wars something of a PR coup for Mills & Reeve.

But the irony is that just 12 major organisations have actually received the Carbon Trust Standard so far - and not one of them is a law firm.

So will Mills & Reeve be the first law firm to take the carbon crown? Will Freshfields beat them to it? Or will Linklaters grab the trophy to win CSR respect?

The race is on.

-----------

Plus: The latest post on the Beijing 2008 blog features a perspective on the athlete's experience from an insider - her mum, Clifford Chance's Mary Kok. Don't ever say we don't have access.

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BREAKING NEWS
==========================================================
13-August-2008 Mills & Reeve in Carbon Trust tie-up
http://www.thelawyer.com/item/134215
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12-August-2008 Clydes raids Pinsents and Simmons for Middle East talent
http://www.thelawyer.com/item/134210
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12-August-2008 Dentons sends newly-made-up partner to Dubai
http://www.thelawyer.com/item/134209
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12-August-2008 US firms hit court for JPMorgan/Bear showdown
http://www.thelawyer.com/item/134207
-----------------------------------------------------------
12-August-2008 Dorsey repairs London litigation with Eversheds hire
http://www.thelawyer.com/item/134208
-----------------------------------------------------------
11-August-2008 Beachcroft lands GBP4m for injured football hopeful
http://www.thelawyer.com/item/134151
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11-August-2008 CC to save GBP8m as it takes paralegals offshore
http://www.thelawyer.com/item/134147
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Where it's at

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LAWYER NEWS DAILY - 12/08/2008
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Where it's at
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If any further proof were needed that the Middle East is the place to be for firms hoping to ride out the credit crunch, more came from both Denton Wilde Sapte and Clyde & Co today.

Hot on the heels of its proposed new policy of offering partnership to senior associates willing to move to the region, Dentons is ramping up its Middle Eastern presence by sending a newly-promoted London partner to Dubai (see story).

Paul Stothard will move over from London to head the office's international arbitration unit, and hopes to make a lateral partner hire sometime soon to add extra strength.

Meanwhile Clyde & Co has pinched a four-lawyer team from Pinsent Masons to bulk up in Dubai and Abu Dhabi (see story).

This follows other Middle East expansion from firms including Clifford Chance, Latham & Watkins, Washington DC-based Hogan & Hartson, New York's Curtis Mallet-Prevost Colt & Mosle and Texas-based Vinson & Elkins in recent weeks alone.

But while the reasons for the push east are well known, what's less well known is how to get past the two big stumbling blocks to major success.

The first? Saudi. As our feature earlier this month revealed, while most of the Sweet Sixteen Transatlantic firms are now going steady with local firms in Saudi Arabia - a legal requirement to open there - just two big local firms are left for internationals to woo.

And with quarterbacks like Latham, Linklaters and Skadden all still unattached, seven stone-weakling firms will struggle to get a date for the Saudi prom.

Then there's the problem of getting your lawyers to move to the region.

Dentons is hoping that the lure of partnership will be enough to convince associates to start packing their bags. But as our feature last week revealed, lawyers are divided over whether doling out equity is the right way forward. Share your views here

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Meanwhile our Beijing 2008 blog continues today with news that in Communist China, even the weather is controlled by party officials.

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==========================================================
BREAKING NEWS
==========================================================
12-August-2008 Clydes raids Pinsents and Simmons for Middle East talent
http://www.thelawyer.com/item/134210
-----------------------------------------------------------
12-August-2008 Dentons sends newly-made-up partner to Dubai
http://www.thelawyer.com/item/134209
-----------------------------------------------------------
12-August-2008 US firms hit court for JPMorgan/Bear showdown
http://www.thelawyer.com/item/134207
-----------------------------------------------------------
12-August-2008 Dorsey repairs London litigation with Eversheds hire
http://www.thelawyer.com/item/134208
-----------------------------------------------------------
11-August-2008 Beachcroft lands GBP4m for injured football hopeful
http://www.thelawyer.com/item/134151
-----------------------------------------------------------
11-August-2008 CC to save GBP8m as it takes paralegals offshore
http://www.thelawyer.com/item/134147
-----------------------------------------------------------
11-August-2008 Zurich institutes crackdown on exaggerated PI claims
http://www.thelawyer.com/item/134148
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The Wolf v The Bear

Tuesday 12th August 2008 12.00 GMT Total Recipients: 67,859

The Wolf v The Bear The phrase 'Bear Stearns litigation' has become common currency on Wall St this year. While the bank is currently fighting charges of fraud, conspiracy and breach of fiduciary duty in its case with Barclays, a group of Bear shareholders is also taking on the failed bank and its rescuer, JPMorgan, in a legal battle of its own. Bear directors and JPMorgan yesterday (Monday 11 August) turned to New York's finest - at least in legal circles - to defend against the shareholders' claim of breach of fiduciary duty during the Bear/JPMorgan merger in March (see story). The Lawyer was in court to see a group of elite New York litigators, including Greg Markel of Cadwalader, Sullivan & Cromwell's Vince DiBlasi and Marc Wolinsky of Wachtell battle it out with Daniel Krasner of Wolf Haldenstein during the motions for summary judgment. All the parties now eagerly await New York State Supreme Court Justice Herman Cahn's decision. If denied, Bear and JPMorgan could become embroiled in yet another bitter dispute stemming from the credit crunch. And Manhattan's top trial lawyers will be ready to take centre stage. We can hardly wait.   matt.byrne@thelawyer.com 12-August-08 US firms hit court for JPMorgan/Bear showdown 11-August-08 Simpson Thacher gets tough on associates 11-August-08 Taylor Wessing and Nixon Peabody square up in Paris ‘poaching’ row 11-August-08 DLA Piper settles into new Abu Dhabi base 11-August-08 Paul Weiss wins Sony deal on back of relationship 11-August-08 Bakers seals Saudi miner Ma’aden’s £1.25bn IPO

If you have a friend or colleague that you think might find The Lawyer in New York informative, why not forward it to them? New users please register at: http://www.thelawyer.com/register To unsubscribe, please click here and enter your login details. PLEASE DO NOT REPLY TO THIS EMAIL as the return mailbox is not monitored. If you wish to contact us, please send a separate email to matt.byrne@thelawyer.com The Lawyer and The Lawyer.com are part of Centaur Media PLC St Giles House, 50 Poland Street, London, W1F 7AX Copyright © 2008 The Lawyer / Lawyer News Daily

Let the blog begin

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LAWYER NEWS DAILY - 11/08/2008
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Let the blog begin
-----------------------------------------------------------

TheLawyer.com's Beijing 2008 blog kicks off today with a surprisingly clean post from Beijing-based legal recruiter Rob Metcalf on, er, the women's volleyball and how to chant 'Go Beer!' in Mandarin.

The new blog will continue throughout the games with posts from lawyers and other legal professionals in the city on the Olympic events, the gossip, the law firms and the atmosphere - to read today's post click here, or to send us your own Olympic blog post or picture click here.

Also new on TheLawyer.com is our breakdown of the Shearman & Sterling sexual discrimination row, which continues with new posts about strip clubs, public schools and flirting with vac schemers here.

Plus our interview with Hewlett Packard's UK legal chief James Ormrod; new special reports on the planning bill, on Brazil and on how to deal with foreign investors in UK real estate; Partner of the Year Gideon Benaim on Max Mosley and the right to privacy and our breakdown of just why half of Australia's lawyers have itchy feet.

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BREAKING NEWS
==========================================================
11-August-2008 Beachcroft lands GBP4m for injured football hopeful
http://www.thelawyer.com/item/134151
-----------------------------------------------------------
11-August-2008 CC to save GBP8m as it takes paralegals offshore
http://www.thelawyer.com/item/134147
-----------------------------------------------------------
11-August-2008 Zurich institutes crackdown on exaggerated PI claims
http://www.thelawyer.com/item/134148
-----------------------------------------------------------
11-August-2008 Simpson Thacher gets tough on associates
http://www.thelawyer.com/item/134149
-----------------------------------------------------------
11-August-2008 Dentons hit by GBP300K negligence action
http://www.thelawyer.com/item/134143
-----------------------------------------------------------
11-August-2008 Eversheds name switch hints at full integration
http://www.thelawyer.com/item/134144
-----------------------------------------------------------
11-August-2008 BAE on cusp of appointing legal counsel for India
http://www.thelawyer.com/item/134145
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Entente uncordial

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LAWYER NEWS DAILY - 08/08/2008
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Entente uncordial
-----------------------------------------------------------

Further details have emerged about the row between Taylor Wessing and US firm Nixon Peabody that dominated Wednesday's news (see story).

And as with so many international alliances, it transpires the temporary breakdown of Taylor Wessing France's (TWF) entente cordiale with its European neighbours came down to no more than economics.

TWF's non-equity partners, it seems, were discontented with what they saw as restricted access to the equity and - also fearing a sale of the firm when England's Legal Services Act came through - were prepared to ditch the firm's European union in favour of Nixon Peabody's offer.

Yet after a promise of equity release, two new equity partners and some reassurance from London, Uncle Sam was sent packing and the Europeans were re-united.

But as one Taylor Wessing Germany partner put it "I do a lot of business in the US and I don't even know who Nixon Peabody is."

So was the whole row just a diplomatic coup by the French for a bigger slice of the shared cash?

Call us Eurosceptics, but this all sounds oddly familiar.

Plus: The Lawyer's Beijing 2008 blog kick off next week, featuring comment and humour from our own gold medal class legal posters.

And see TheLawyer.com on Monday for the issue's top stories; HP UK legal chief James Ormrod; Partner of the Year Gideon Benaim on privacy and the world's most comprehensive study of the Australian profession.
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BREAKING NEWS
==========================================================
08-August-2008 Ogier's Jonathan White steps down; chief exec role created
http://www.thelawyer.com/item/134093
-----------------------------------------------------------
08-August-2008 Field Fisher latest to launch real estate redundancy talks
http://www.thelawyer.com/item/134092
-----------------------------------------------------------
07-August-2008 CC to elect new Asia chief as Baird taken seriously ill
http://www.thelawyer.com/item/134090
-----------------------------------------------------------
07-August-2008 UBS legal chief Aufhauser quits amid fraud furore
http://www.thelawyer.com/item/134079
-----------------------------------------------------------
07-August-2008 Bingham raids Heller for DC regulatory push
http://www.thelawyer.com/item/134077
-----------------------------------------------------------
06-August-2008 Taylor Wessing sues Nixon Peabody after merger talks fall apart
http://www.thelawyer.com/item/134082
-----------------------------------------------------------
06-August-2008 NYC's Curtis eyes Dubai launch
http://www.thelawyer.com/item/134084
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A hard act to follow

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LAWYER NEWS DAILY - 07/08/2008
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A hard act to follow
-----------------------------------------------------------

Sad news from Clifford Chance, which has announced impending changes to its hierarchy following the illness of Asia chief Jim Baird.

An old Asia hand who has been in Hong Kong since 1990 and been the firm's Asia managing partner since 2001, Baird's vast local knowledge is going to be missed. See story. http://www.thelawyer.com/item/134090

It goes without saying that getting Asia right - and particularly China - is crucial to CC, which has just celebrated getting its regional revenues over GBP100m for the first time - a tenth of the firm's entire billings.

But who could replace Baird? The firm is going through the motions of a management election, but we reckon there's only one solution.

Give restless corporate head Peter Charlton the job. He likes rolling his sleeves up.

And to replace Charlton as global corporate chief? There's one obvious contender, and that's private equity star Matthew Layton, who probably has a tad more time on his hands than this time last year.

There. No need for an election at all.

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BREAKING NEWS
==========================================================
07-August-2008 CC to elect new Asia chief as Baird taken seriously ill
http://www.thelawyer.com/item/134090
-----------------------------------------------------------
07-August-2008 UBS legal chief Aufhauser quits amid fraud furore
http://www.thelawyer.com/item/134079
-----------------------------------------------------------
07-August-2008 Bingham raids Heller for DC regulatory push
http://www.thelawyer.com/item/134077
-----------------------------------------------------------
06-August-2008 Taylor Wessing sues Nixon Peabody after merger talks fall apart
http://www.thelawyer.com/item/134082
-----------------------------------------------------------
06-August-2008 NYC's Curtis eyes Dubai launch
http://www.thelawyer.com/item/134084
-----------------------------------------------------------
06-August-2008 Kaye Scholer taps Brown Rudnick for NY finance hire
http://www.thelawyer.com/item/134083
-----------------------------------------------------------
05-August-2008 Paul Weiss; Davis Polk on Sony deal
http://www.thelawyer.com/item/134081
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Perfect harmony

Thursday 7th August 2008 10.15 GMT Total Recipients: 67,943

Perfect harmony Think Paul Weiss and, rightly or wrongly, you usually think litigation. But not this week. This week, Sony Music general counsel Mark Khalial has been singing the praises of Paul Weiss's transactional team. In particular, Khalial is the number one fan of corporate partner James Schwab, the man who this week led his firm's charge on Sony's $1.2bn purchase of Bertelsmann's 50 per cent stake in Sony BMG. Schwab, a Paul Weiss lifer, first got to know Sony back in 1991. That was when, as a junior lawyer, he was part of a team at the New York firm advising Time Warner on its Columbia House joint venture with Sony. Since then, Paul Weiss and Sony have regularly been in harmony, with Schwab performing on a number of high-profile deals including the Sony/ATV restructuring in 1995 and, more recently, the original joint venture between Sony and Bertelsmann. A client and lawyer working together in concert, one might say. For more on the back story of the Sony BMG epic, see The Lawyer in New York in next Monday's issue.   matt.byrne@thelawyer.com 06-August-08 NYC's Curtis eyes Dubai launch 06-August-08 Kaye Scholer taps Brown Rudnick for finance hire 06-August-08 Taylor Wessing sues Nixon Peabody after merger talks fall apart 05-August-08 Paul Weiss; Davis Polk on Sony deal 05-August-08 UBS legal chief Aufhauser quits amid fraud furore 05-August-08 Bingham raids Heller for DC regulatory push

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Wessing's not messing

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LAWYER NEWS DAILY - 06/08/2008
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Wessing's not messing
-----------------------------------------------------------
Two multimillion dollar lawsuits in New York, discontented French, secret transatlantic merger negotiations, Brits and Germans left in the dark and allegations of a "surreptitious" managing partner violating his "most basic fiduciary duties".

Not bad for a single story.

Yes, while most Parisians are out of town enjoying les grandes vacances, Taylor Wessing's local arm is in a row with US firm Nixon Peabody that threatens to break the European firm's Paris office asunder (see story).

Like Queen Victoria, Taylor Wessing UK managing partner Michael Frawley was not amused by Nixon Peabody's Napoleonic antics as the row moved a dark cloud over what he might reasonably have expected, credit crunch excepted, to be a carefree time of year.

Still, Nixon Peabody's happy.

"Nixon Peabody looks forward to working with a team of partners from Taylor Wessing France as we expand our international presence to better serve our clients and seek new opportunities in Europe," a statement from the firm read today.

"We desire a prompt resolution of this issue as we move forward with our plans for serving the European market."

You and Frawley both, Nixon.

------------

Is it ever OK for workers to try to woo their juniors? Click here to join the debate.

Plus: how to get associates to leave London; why UBS hired Debevoise's top litigator; trouble at Cadwalader assessed; the 10 firms set to join the top 100, and new special reports on insurance, and one on IT.

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BREAKING NEWS
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06-August-2008 Taylor Wessing sues Nixon Peabody after merger talks fall apart
http://www.thelawyer.com/item/134082
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06-August-2008 NYC's Curtis eyes Dubai launch
http://www.thelawyer.com/item/134084
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06-August-2008 Kaye Scholer taps Brown Rudnick for NY finance hire
http://www.thelawyer.com/item/134083
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05-August-2008 Paul Weiss; Davis Polk on Sony deal
http://www.thelawyer.com/item/134081
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05-August-2008 SA's Bowman links with Kenya's Coulson Harney
http://www.thelawyer.com/item/134080
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05-August-2008 UBS legal chief Aufhauser quits amid fraud furore
http://www.thelawyer.com/item/134079
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05-August-2008 Bingham raids Heller for DC regulatory push
http://www.thelawyer.com/item/134077
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Pick a card...

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LAWYER NEWS DAILY - 05/08/2008
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Pick a card...
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When is a corporate credit card not a corporate credit card?

When it's a Shearman & Sterling corporate credit card.

The firm this afternoon sought to clarify the exact ownership of the card used to pay for entry to a London strip club before the alleged sexual harassment of a vac schemer (see story).

Apparently, it was not a corporate credit card, only a credit card with a corporate logo on it.

A corporate logo that read 'Shearman & Sterling'. And which was arranged by the firm. And which is the same type of card that partners use for client entertainment.

But not a corporate credit card. Oh no. It was a personal corporate credit card that staff pay off themselves. Unless they submit an expense form to accounts. Or the expense is signed off by a senior partner before the jolly.

Even if that is the only type of card the firm provides for its lawyers.

But if alleged sexual harassment has not yet been proven, is attending a licensed strip club without firm sign-off a sackable offence in its own right? Should the firm take some of the blame for the incident?

The debate rages on HERE.

------------------

Plus: Michelin's Jane Booth; how to get associates to leave London; why UBS hired Debevoise's top litigator; trouble at Cadwalader assessed; the 10 firms set to join the UK200; three Insurance Special Reports and one on IT.

And can Kirkland take Weil Gotshal's place as bankruptcy's top dog?

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05-August-2008 Bingham raids Heller for DC regulatory push
http://www.thelawyer.com/item/134077
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05-August-2008 Wilsons bags BLP charity head; will open in London
http://www.thelawyer.com/item/134076
-----------------------------------------------------------
04-August-2008 O'Melveny raids White & Case for Singapore launch
http://www.thelawyer.com/item/134073
-----------------------------------------------------------
04-August-2008 Shearman associate sacked after alleged sexual harassment
http://www.thelawyer.com/item/134072
-----------------------------------------------------------
04-August-2008 Pinsents knocks DLA off AIM top spot (cont.)
http://www.thelawyer.com/item/134070
-----------------------------------------------------------
04-August-2008 Fladgate sued over Izodia fraud
http://www.thelawyer.com/item/134069
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04-August-2008 Latham boosts Italy with Gianni hire
http://www.thelawyer.com/item/134066
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To DC or not to DC

Tuesday 5th August 2008 11.15 GMT Total Recipients: 67,943

To DC or not to DC Another day, another Heller Ehrman exit. Actually, strike that. It should read, another two Heller Ehrman exits. Yesterday (Monday 4 August), Bingham McCutchen beefed up its Washington DC securities team with the hire of four lawyers, including Geoff Aronow, a respected former director of enforcement at the Commodity Futures Trading Commission. Oh, and until last Friday (1 August), managing partner of Heller's DC office (see story). Separately, another Heller lawyer, Tony Mansfield, decided there was a brighter future over at McDermott Will & Emery - no, it's not often we get to write that - and joined the firm as a partner in DC. Now, understandably the lawyers in question spout the "global platform" line when asked about their decision to leave Heller. With Aronow it might even be true. But there can be no doubt that the continuing doubt about Heller's future is a destabilising influence. If you're a Heller lawyer and you're approached about a move to another firm, this would appear to be a good time. Any move by definition is going to be disruptive for the lawyer in question. But if the firm you're at is heading towards a merger then you're looking at changed circumstances, no matter what. As all the signs at Heller continue to point to a deal at some point, its lawyers know better than anyone that there's going to be disruption of the status quo regardless. So, you might as well give a little more thought than usual to another firm's advances. As we reported last Friday (1 August), Heller's hire of IP partner Richard Penfold from DLA Piper in London shows it's not all one way traffic. But the same day departures of Aronow and Mansfield underline that Heller is a firm in need of a deal. High time it got done.   matt.byrne@thelawyer.com 05-August-08 Bingham raids Heller for DC regulatory push 04-August-08 Shearman associate sacked after alleged sexual harassment 04-August-08 Cadwalader partners next to face the chop 04-August-08 McDermott loses two partners as 2Birds swoops 04-August-08 Quinn Emanuel and Cravath end Nokia-Qualcomm dispute 04-August-08 Foreign climbs

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Alleged harassment at Shearman

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LAWYER NEWS DAILY - 04/08/2008
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Alleged harassment at Shearman
-----------------------------------------------------------
Today's news story about the sexual harassment sacking at Shearman & Sterling's City office is the kind of story The Lawyer expected not to feature after, say, the end of the 20th century.

Alleged olde worlde mistake one: a female graduate on a vacation scheme was taken to a strip club on a post-work jolly.

Alleged olde worlde mistake two: vac schemer says she wants to leave said club but is pressured to stay by associate, one of her supposed mentors.

Alleged olde worlde mistake three: associate makes series of lewd remarks.

Alleged olde worlde mistake four: associate touches vac schemer inappropriately.

Where this familiar story differs, refreshingly, from the sexual harassment tales of yore is that the firm took the allegations suitably seriously to sack the associate in question.

Also in its favour, potentially, is that the rest of the jolly went to a different venue and the strip club visit was not, it says, a firm-sanctioned outing.

Even if the associate is alleged to have paid for it with the office credit card.

So does the fact that any associate would consider taking a junior lawyer, let alone a vac schemer, to a strip club suggest bad things about the firm's culture? Or was this alleged harasser a lone problem that the firm has taken care of? Have your say here.

Tough times these, eh? Well, perhaps not so tough for all - like Stewarts Law, where turnover is up 53 per cent, making it one of the ten firms set to break into the UK200. Higher up the food chain, meanwhile, can Kirkland take Weil Gotshal's place as bankruptcy's top dog? Plus: tyres and stars with Michelin's Jane Booth; our guide to how to get associates to leave London; why UBS hired Debevoise's top litigator and yet more rubbish Star Wars puns.

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04-August-2008 O'Melveny raids White & Case for Singapore launch
http://www.thelawyer.com/item/134073
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04-August-2008 Shearman associate sacked after alleged sexual harassment
http://www.thelawyer.com/item/134072
-----------------------------------------------------------
04-August-2008 Pinsents knocks DLA off AIM top spot (cont.)
http://www.thelawyer.com/item/134070
-----------------------------------------------------------
04-August-2008 Fladgate sued over Izodia fraud
http://www.thelawyer.com/item/134069
-----------------------------------------------------------
04-August-2008 Latham boosts Italy with Gianni hire
http://www.thelawyer.com/item/134066
-----------------------------------------------------------
04-August-2008 Mosley's libel manoeuvre puts privacy right in spotlight
http://www.thelawyer.com/item/134064
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04-August-2008 DLA, Links, Lovells see trainee retention dive
http://www.thelawyer.com/item/134024
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DLA offs

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LAWYER NEWS DAILY - 01/08/2008
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DLA offs
-----------------------------------------------------------
Thank God it's Friday. The legal market has had a tough week.

Since the credit crunch hit, firms in regions from the northeast (Dickinson Dees, Muckle,) to the southwest (Bevan Brittan) have laid off lawyers.

City partners, by contrast, have been celebrating record profits and merely murmuring about the slowdown as if it was something that was happening to somebody else.

But this week the slowdown hit the City. DLA Piper today joined Cadwalader Wickersham & Taft in announcing lay-offs (see story).

The five lawyers getting the chop from the former firm's technology group are unlikely to be the last, as DLA reviews staffing levels across all practice areas.

Prior to Cadwalader's structured finance redundancies (see story), much of the pain had been felt in the real estate market.

But DLA, never one to shy away from big decisions, has been the first to acknowledge a more general slowdown.

And where DLA has lead, others will follow. After fearing redundancies, the City now expects them.

Keep logging on TheLawyer.com for how many, who and when.

Plus: why White & Case has called in McKinsey; how Sean McGovern became Lloyd's of London legal chief aged 29; sex, lies and videotape as the reader row on Max Mosley blazes on; Bevan Brittan's challenge; 14 offshore special reports and an interview with Orrick Herrington & Sutcliffe's Ralph Baxter.

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BREAKING NEWS
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01-August-2008 DLA Piper makes London lay-offs
http://www.thelawyer.com/item/134020
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01-August-2008 Reed Smith to open in Silicon Valley with MoFo hire
http://www.thelawyer.com/item/134022
-----------------------------------------------------------
01-August-2008 Heller Ehrman hires DLA Piper IP partner
http://www.thelawyer.com/item/134021
-----------------------------------------------------------
01-August-2008 Ex Shearman German partner rejoins legacy firm
http://www.thelawyer.com/item/134019
-----------------------------------------------------------
31-July-2008 Cadwalader Wickersham & Taft cuts London by a fifth
http://www.thelawyer.com/item/134017
-----------------------------------------------------------
31-July-2008 Star Wars: attack on the clones struck downr
http://www.thelawyer.com/item/134016
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31-July-2008 Nelson Mandela lawyer cleared of fraud charges
http://www.thelawyer.com/item/134018
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Management Forum,
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London
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