Bird & Bird is the latest firm to be the target of a lawsuit from its former clients, we report today. The firm is facing a professional negligence case brought by British Virgin Islands client Orientfield Holdings, which aborted the purchase of a £25m property in St Johns Wood. Orientfield lost a £2m deposit when […]
A combined team of partners and associates from the corporate and finance groups of Ogier’s Cayman office has advised Gatehouse Bank on its joint venture with Sigma Capital, for the construction of an initial 927 rental homes, with a total development cost of approximately £110m. Gatehouse Bank is a London-based investment bank specialising in Shariah-compliant […]
Bird & Bird is facing a £2m negligence claim from British Virgin Islands (BVI) company Orientfield Holdings in relation to Orientfield’s aborted purchase of a £25m property recently bought by Elisabeth Murdoch. Orientfield Holdings is pursuing its adviser for the loss of a £2m deposit after it pulled out of buying the seven-bedroom investment in […]
Thomas Cook group general counsel Craig Stoehr has been given the additional role of chief corporate officer at the company, effective immediately. Stoehr, who took up his role as the company’s first group general counsel in April 2013, is serving as part of the company’s four-person group executive committee. As chief corporate officer, Stoehr will […]
The life sciences sector is generating millions of pounds of revenue for lawyers despite the worldwide decline in healthcare budgets and stringent regulation worldwide. With regulators closing in and costs climbing higher – is the bubble set to burst? The European Medicines Agency (EMA) has pledged to publish clinical trial data alongside clinical trial reports […]
Sir Nigel Knowles’ claim that the legal market would soon be unrecognisable was the most read article by readers in June. Other highlights included a discussion around stress, magic circle salaries and US mergers. Clifford Chance boosts salaries, raising three-year PQE pay to £93.5k Clifford Chance boosted its three-year PQE salaries in June, beating Slaughter […]
“That was the true Light, which lighteth every man that cometh into the world.” Yes, it’s a tenuously Christmassy-themed Briefings Digest this week and that gospel quote (John 1:9, as if you didn’t know) heralds one of the most-read briefings this week: Dentons’ summary of the Law Commission’s report on rights to light. In short, the […]
DLA Piper has advised real estate company Octagon Residential S.à.r.l. on the refinancing of a German residential portfolio. Octagon was refinanced by a comprehensively secured senior loan by Deutsche Pfandbriefbank in the amount of 36 million Euro and a subordinated secured mezzanine tranche. The residential portfolio is located on seven sites in West Germany, including […]
DLA Piper has agreed a 15-year lease for new office premises in Manchester. The firm will relocate from 101 Barbirolli Square, where it has been based for almost 20 years, to One St Peter’s Square as of September 2016. One St Peter’s Square is a landmark 273,000 sq foot, 13-storey building. DLA Piper will share […]
Shoosmiths has topped five categories and featured in another five in Target Jobs’ Inside Buzz rankings. Target Jobs set up the rankings so law graduates can get the ‘inside buzz’ on what trainees really think of the firm they work for, providing them with a comprehensive view of what it is like to work there. […]
DMH Stallard has swallowed up Guildford-headquartered firm AWB Partnership in a merger deal that will be completed in 1 January 2015. This is the firm’s third merger in six years, having taken over legacy company commercial firm Courts & Co in 2008 (14 January 2008) and Surrey-based legacy Callaghans two years ago (3 September 2012). […]
Kirkland & Ellis debt finance partner Stephen Gillespie is leaving the firm to join Gibson Dunn & Crutcher, to become the Californian firm’s fifth high-profile recruit this year. Gillespie’s hire by Gibson Dunn follows the hire of a series of leading UK partners over the course of 2014 as the California-headquartered firm pours investment into […]