Issues

This week’s top 15 legal briefings – 10 February 2015

If you’re on social media, one of the things you’ll see going viral every couple of years is The Lawyer Colouring Book . Sadly not affiliated with The Lawyer magazine, it contains a number of line drawings with captions like ‘This is my suit. Colour it grey or I will lose my job’. But all […]

Wragge Lawrence Graham & Co partner Greg Standing named in Motor Finance Power 50

Partner Greg Standing has been named as a leader in the world of vehicle finance. The Motor Finance Power 50 celebrates the most important, influential and notable members of the motor finance industry. Standing features in the Top 50 list alongside the likes of Chancellor of the Exchequer George Osborne and Mark Carney, Governor of […]

Cadwalader’s profit per partner drops by 15 per cent as revenue stalls at $481m

Cadwalader Wickersham & Taft saw its gross revenue remain flat in 2014, with a minimal dip from $481.7 to $481.5m. The figure follows three years of consecutive revenue growth for the New York-based firm, which suffered particularly heavy losses during the economic downturn. The firm’s profits per partner dropped more substantially last year, by 15.3 […]

New partner for Eversheds El Heni in Tunisia

The Tunisian office of Eversheds, Eversheds El Heni, has made Emna Louati a partner. Louati has experience in advising local and international companies in areas of business law including M&A, privatisations, competition, IP and IT, and in connection with strategic, complex and cross-border project finance and restructuring transactions.

Ogier guides lenders on Waterlogic take-private deal

Ogier has advised the lenders on the £122.6m acquisition of Waterlogic plc by Castik Capital.  The lenders include GE Capital, HSBC, ING, Santander and Societe Generale, and together they provided £113m of senior debt facilities supporting the take-private by private equity fund Castik of the UK-based provider of mains-fed drinking water purification and dispensing systems. Edward […]

Matrix, Monckton and Blackstone triumph as tribunal rules against GCHQ for first time

The Investigatory Powers Tribunal (IPT) has declared that the legal framework governing UK intelligence services’ receipt of communications intercepted by the NSA violated Articles 8 and 10 of the European Convention on Human Rights. The ruling marks the first time the tribunal – which considers complaints brought against GCHQ, MI5 and MI6 – has ruled […]

Money

Akin Gump reports 12.8 per cent profit rise to $356m

Akin Gump Strauss Hauer & Feld’s net profit rose 12.8 per cent from $315.5m to $356m in 2014, with growth across the board. The firm’s gross revenue grew by 4.8 per cent to $868m from $828.5m the previous year. Revenue per lawyer also increased from $1.025m to 1.056m in 2014. In the UK the firm’s […]

dfs

Freshfields and Weil win seats as DFS lists on the London Stock Exchange

Freshfields Bruckhaus Deringer and Weil Gotshal & Manges have won key roles on the initial public offering of DFS on the London Stock Exchange. The furniture retailer is aiming to raise £105m through the listing process, which it will use to reduce debts and future financing costs. Weil is advising longstanding client Advent International, which […]

Addleshaws

Addleshaw Goddard latest to moot contract lawyer initiative

Addleshaw Goddard is in the process of establishing a contract lawyer offering in the mould of those set up by Eversheds, Berwin Leighton Paisner (BLP) and Pinsent Masons before them. According to Addleshaw Goddard managing partner John Joyce the project has been on the table for sometime but kicked into action six months ago when […]

corut

High Court dismisses $3.7m claim against Mishcon over allegations of dishonest assistance

The High Court has dismissed a $3.7m claim against Mishcon de Reya over an embezzlement scandal involving former partner Kevin Steele. Mishcon stood accused of dishonestly assisting a client who spent money meant to refinance a hotel resort in Orlando on cars and jewellery. Had the case been successful, the claimants had planned to sue Mishcon […]

Locke Lord chair Jerry Clements on life after merging

US firm Locke Lord has just completed its third merger in 25 years. Its tie-up with Edwards Wildman Palmer is its biggest yet, and chair Jerry Clements is pretty happy with the result. In this week’s leadership interview, Clements says that it was an “honour and a privilege” to lead the firm through the tie-up, […]

Lloyd's of London

Novae Group appoints RSA lawyer as first group general counsel

Insurance underwriter Novae Group has appointed Alexandra Moon as its first-ever group general counsel. The move will also see her join Novae Group’s executive committee, reporting into its chief executive Matthew Fosh. Novae Group, which has been listed on the London Stock Exchange since 1998, is a specialist Lloyds insurer. Moon joined on 2 February […]