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International Edition

Counsel slams "excessive" Proskauer and Dewey fees on MF Global bankruptcy

Fee requests filed by Proskauer Rose and legacy Dewey & LeBoeuf in the administration of derivatives broker MF Global have been labelled "excessive" in a US court. In an objection filed yesterday, a counsel to the administration rejected the applications and recommended Proskauer reduce its fee from $5m (£3.1m) to $3.25m (£2m) and Dewey drop its request from $3.75m (£2.3m) to $3m (£1.9m).
3 minute read

International Edition

Taylor Wessing appoints new Middle East managing partner

Taylor Wessing has appointed Mark Fraser as its new Middle East managing partner to succeed Christopher Dixon when he steps down next month. Dubai-based construction partner Fraser joined Taylor Wessing in 2010 from Hammonds, a legacy firm of Squire Sanders.
2 minute read

International Edition

Eversheds launches second Iraqi base in Erbil

Eversheds has expanded its presence in Iraq with an office opening in Kurdistan. The firm merged with Middle Eastern law consortium KSLG in 2011, giving the firm an office in Baghdad through an association with local outfit Sanad Law Group.
2 minute read

International Edition

Freshfields' Tim Jones scores GC role for Rugby World Cup organiser

Freshfields Bruckhaus Deringer partner Tim Jones has been appointed as England Rugby 2015's general counsel. The corporate star, who will remain at Freshfields as an adviser on certain corporate matters, is understood to be moving to a consultant role at the magic circle firm. He will start the England Rugby 2015 role on 1 November.
2 minute read

International Edition

Ashurst elects Australia chief Padbury as new vice chair

Melbourne IP partner and Chairman of Ashurst Australia has been elected as the firm's first global vice chair. Padbury will serve a five-year term under chair-elect Ben Tidswell, who produced a shock result by beating current senior partner Charlie Geffen in a vote earlier this week.
2 minute read

International Edition

Client focus is the key as Bakers' new chief aims to compete with the City elite

"Before the recession, we were ranked among the City mid-tier; now, we are generally in the top 10 international firms in London. I'd like to see us referred to in the same breath as the magic circle by the end of the three years..."
5 minute read

International Edition

Watson Farley sizes up Dubai for first Middle East opening

Watson Farley & Williams is considering opening in Dubai in what would be its first venture into the Middle East. A Dubai launch could come in the next 12 months after the firm began taking advice on legal and regulatory matters related to entering the market.
2 minute read

International Edition

Dechert's top earner in London took home £2.9m in 2012

Dechert's top City earner netted £2.9m in profits in 2012, according to accounts filed for the firm's UK limited liability partnership (LLP). However, the Companies' House filing states that despite considerable year-on-year increases in profit and income, 2012's highest grossing partner took home 7% less than the previous year, when one partner was entitled to a £3.1m profit share.
2 minute read

International Edition

Litigation funder in talks with 30 UK firms over hybrid DBA model

Litigation funder Burford Capital has launched a new form of hybrid damages based agreement (DBA), offering to share risk with law firms. In what the company claims is a first for the UK legal services market, the 'Burford Hybrid DBA' allows firms to strike a private risk-sharing agreement with the funder, thereby circumventing lawyers' concerns over the regulation of direct DBAs with clients.
2 minute read

International Edition

Geffen ousted as Tidswell wins Ashurst chair election

Ashurst's dispute resolution partner Ben Tidswell (pictured) has been elected as the new chair of Ashurst, replacing current senior partner Charlie Geffen in the firm's top management position. Tidswell - who will take up the role from 1 November - ran against Geffen and legacy Blakes competition and consumer protection partner Peter Armitage. Voting closed at 12pm yesterday (Tuesday) and it is understood that Tidswell won the support of the majority of partners in the first round of voting.
3 minute read

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