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  • March 22, 2012 |

    New York Bar association to review block on non-lawyer ownership of law firms

    The New York State Bar Association (NYSBA) is set to review the issue of outside ownership of law firms, but has confirmed that at present lawyers practising in New York cannot be part of a foreign firm in which non-lawyers hold a stake. The NYSBA has launched a taskforce, chaired by former State Bar president Stephen Younger, to reconsider its "historical opposition" to non-lawyer ownership of law firms. The 77,000-member association, founded in 1876, is the largest voluntary state Bar association in the US.

    1 minute read

  • March 15, 2012 |

    Jones Day and Fasken advise on $1.25bn settlement in Africa mining dispute

    Jones Day and Fasken Martineau have taken lead roles on Eurasian Natural Resources Corporation's (ENRC) $1.25bn (£1bn) settlement with First Quantum Minerals in the dispute over the Kolwezi copper mine in the Democratic Republic of Congo (DRC). The dispute, which concerns Canadian mining company First Quantum's stake in the Kolwezi project, kicked off after the mine was seized from First Quantum by the DRC Government in 2009. ENRC subsequently purchased a majority stake in the mine in 2010, prompting its former owner to launch litigation proceedings.

    1 minute read

  • March 15, 2012 |

    Commercial litigation in 2011 - the 10 cases you need to know

    Macfarlanes sizes up the 10 key commercial litigation judgments of 2011

    1 minute read

  • March 15, 2012 |

    Aggressive US firms push London partner hiring to five-year high

    Partner hiring by US firms in London increased by over 25% in 2011, with firms adding more partners to their City bases than at any time over the last five years. Legal Week's annual survey of hiring trends at the City operations of some of the largest US and transatlantic firms found there were 116 partner hires during 2011 across the 45 firms taking part in the survey. The overwhelming majority of these (101) were partners at their previous firms.

    1 minute read

  • March 12, 2012 |

    The Transfer Window: recent moves including SNR Denton, Jones Day and Dickinson Dees

    SNR Denton has seen the departure of its London telecoms head Rod Kirwan, who has left to take up a new role as regional general counsel for the Caribbean at Cable & Wireless Communications. Kirwan left SNR Denton in January this year and will now be based in Barbados with Cable & Wireless. TMT partner Jan Willem van den Bos has taken over the leadership of SNR's City telecoms team.

    1 minute read

  • March 8, 2012 |

    DLA's Mexico entrance flags up growing interest in burgeoning LatAm markets

    Robust insurance and infrastructure sectors are drawing legal advisers to Mexico and Brazil. Rose Orlik reports

    1 minute read

  • March 7, 2012 |

    Weil billings on Lehman near $400m as bank exits bankruptcy protection

    Weil Gotshal & Manges' fees on the Lehman Brothers administration have reached almost $400m, as the bank emerges from bankruptcy more than three years after its abrupt collapse, reports The Am Law Daily. Lehman officially exited from bankruptcy protection on Tuesday morning (6 March), after its September 2008 fall prompted the largest Chapter 11 case in US history.

    1 minute read

  • March 1, 2012 |

    With all the buzz around UK tie-ups, will US firms head Down Under anytime soon?

    "Not a week goes by that we are not approached by an international firm" - as Australia shoots up the agenda for UK firms, will US rivals end their resistance to the Oz push?

    1 minute read

  • March 1, 2012 |

    Nomura M&A chief heads back to private practice with Jones Day move

    Jones Day has strengthened its London restructuring team with the hire of Matthew French from Japanese investment bank Nomura. French, who joined the US firm this week, spent nearly three years at the bank, where he was global managing director for M&A and head of restructuring for Europe, the Middle East and Africa...

    1 minute read

  • March 1, 2012 |

    White & Case posts modest revenue gain in 'year of investment'

    White & Case saw gross revenue rise 4% to $1.33bn (£841m) in 2011, while profits per equity partner fell about 5% to $1.475m (£934,000), writes The AmLaw Daily. Preliminary results from the top 20 US law firm show that revenue per lawyer, meanwhile, stayed roughly even at $700,000 (£443,000). The firm is the latest in a line of major US practices to announce rises in revenue for the 2011 period despite lingering concerns regarding the global economy and a general slowdown in transactional activity in the second half of the year.

    1 minute read