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International Edition

Commercial and Chancery Bar

Ben Rigby covers the recent pay war at the Bar as Gareth Tilley and James Mather look at a career in Chancery...
1 minute read

International Edition

Paul Weiss posts increased profits for 2009 despite revenue drop

New York litigation leader Paul Weiss Rifkind Wharton & Garrison increased its profitability in 2009 despite a slight fall in revenues, writes The Am Law Daily. Although the firm's gross revenue slipped by 3.8%, from $692m (£432m) in 2008 to $665.5m (£416m), profits per equity partner (PEP) hit $2.69m (£1.68m), up from $2.65m (£1.65m). Notably, the firm achieved its results without resorting to layoffs. Lawyer headcount increased slightly, from 647 to 653.
2 minute read

International Edition

Hogan Lovells names global heads for five core practices

Lovells and Hogan & Hartson have finalised the leadership line-up for the merged firm's five core practice areas. Hogan Lovells will have two leaders - one in the US and one in Europe - for its corporate, finance and disputes practices, while the remaining two streams - government and regulation and intellectual property (IP) - will have a single chief.
2 minute read

International Edition

Bribery Bill will enhance role of in-house lawyers

The traditional role of the lawyer is changing. Unprecedented levels of new, complex legislation and an increasing gap between innovation and developments in the law are creating sources of additional legal risk. Lawyers, and particularly in-house lawyers, have an opportunity to enhance their role, taking on broader and more dynamic responsibilities as regulation becomes increasingly principles-based, focused on outcomes. This is particularly apparent in the developing area of anti-corruption law.
3 minute read

International Edition

Cutting out the middleman

As clients and lawyers alike look to snip off a few excess pounds here and there, it was inevitable that the well-trodden path of referrals between the Bar and instructing solicitors would come under scrutiny. Although the long-hoped-for influx of litigation work as a result of the recession may have remained elusive, the majority of top sets and private practice firms are at last noticing an upturn in their contentious workload. However, with limited work to be had and clients under pressure to keep outside legal spend to a minimum, solicitors have been aggrieved to find an increased number of would-be clients skipping the middleman and going straight to barristers.
10 minute read

International Edition

Shearman makes up City litigator to partnership in promotions round

Shearman & Sterling has promoted one lawyer to its partnership in London, with the firm making up seven lawyers worldwide. The annual promotions round has seen litigator Richard Kelly made up in the City, taking the number of partners in the office to 26.
2 minute read

International Edition

Barclays litigation team pilots move to build links with chambers

Barclays' in-house litigation team is tightening its relationships with the Bar, with the bank asking select chambers for flexible billing arrangements and value-added services. The banking giant is calling on chambers to take on work using alternative billing arrangements such as conditional fee agreements (CFAs) and fixed fees, as well as providing additional services such as secondees and dedicated client teams in return for more work.
3 minute read

International Edition

Halliwells equity partner seeks advice in dispute over exit terms

Halliwells is set to lose its last equity partner in London, with outgoing City corporate recovery head David Grant turning to Herbert Smith for advice relating to a potential dispute with the firm over exit terms. The news comes as it emerges that Halliwells is seeking a multimillion-pound loan in order to pay its January 2010 tax bill.
2 minute read

International Edition

Herbert Smith helps Sky to court victory in long-running IT dispute

Herbert Smith has secured a major court victory for BSkyB which could see the broadcaster receive more than £200m in damages from IT supplier Electronic Data Systems (EDS). The long-awaited judgment, handed down by Mr Justice Ramsey in the Technology and Construction Court yesterday (26 January), found that EDS made false and negligent misrepresentations and was in breach of contract regarding a customer relationship management system it undertook to design and build.
2 minute read

International Edition

Lovells brings in former Reed Smith partner to build Middle East practice

Lovells has hired former Reed Smith partner Stephen York to head up its Middle East dispute resolution practice. York, who left Reed Smith's London office last autumn, will join Lovells next week (1 February) as a consultant, with a brief to grow the firm's regional disputes practice.
2 minute read

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