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  • October 5, 2011 |

    The thrill of the race - going offshore the old-fashioned way

    Sailing is a popular competitive sport and leisure activity for people living in the Channel Islands and, together with a longstanding but friendly rivalry between the islands of Jersey and Guernsey, the inter-island yacht race is a compelling event. Given the competitive nature of many of our colleagues and clients, together with widespread participation in sailing, it seemed only natural for Carey Olsen to begin sponsoring the Channel Islands' premier sailing event two years ago. Alternating in direction each year, the course this year ran from St Helier in Jersey to St Peter Port in Guernsey and saw almost 70 yachts compete for overall honours as well as many individual prize categories such as first bilge and long keel boat, first young skipper, first family crew and first non-Channel Islands yacht.

    1 minute read

  • October 5, 2011 |

    Top 50 German law firms post 8% hike in fees in 2010-11 but eurozone fears dampen mood

    CMS Hasche Sigle has overtaken Hengeler Mueller to emerge as the largest German law firm by revenue, with the 10 largest firms in the country seeing an average revenue rise of 4% during their last financial year, according to new research. The rankings, compiled by German legal publication Juve, show Freshfields Bruckhaus Deringer retaining its position as the largest law firm in Germany with turnover of €334m (£286m), while CMS Hasche Sigle has passed Slaughter and May ally Hengeler with 3.9% revenue growth to rank second with revenues of €212m (£182m).

    1 minute read

  • September 28, 2011 |

    Orrick to launch City regulatory team with senior in-house duo

    Orrick Herrington & Sutcliffe is launching a regulatory practice in the City with the hire of two in-house lawyers from London-based liquidity provider Liquid Capital Markets (LCM). The US firm is set to bring in LCM's head of legal, Sam Millar, and fellow legal counsel Tony Katz as partners next month. Millar initially joined LCM from Jones Day in 2008, with Katz following in 2009 from the Financial Services Authority (FSA).

    1 minute read

  • September 26, 2011 |

    Jones Day continues Paris growth with hire of Latham competition partner

    Jones Day has strengthened its French antitrust and competition law practice with a partner hire from Latham & Watkins. Eric Barbier de La Serre is set to join Jones Day's Paris office next month (19 October) as the second partner in its local antitrust and European law practice.

    1 minute read

  • September 23, 2011 |

    Wachtell and Jones Day lead on $18.4bn aircraft manufacturing buyout

    Wachtell Lipton Rosen & Katz and Jones Day have taken lead roles on the $18.4bn (£11.9bn) acquisition of aircraft equipment maker Goodrich by United Techonologies Corporation (UTC), a deal that marks the conglomerate's largest-ever acquisition, reports The Am Law Daily. UTC is being advised by longstanding outside counsel Wachtell on the deal, which will see it pay $127.50 (£83) per Goodrich share in cash to acquire the target company and assume $1.9bn (£1.2bn) in debt.

    1 minute read

  • September 21, 2011 |

    Jones Day makes Simmons and Addleshaws hires for London base

    Jones Day has made a double partner hire in London with the addition of one partner apiece from Simmons & Simmons and Addleshaw Goddard. The US firm has hired Simmons corporate partner Paul Exley for its London energy practice, while Addleshaws financial institutions regulatory partner John Ahern is joining the equivalent team at Jones Day. Exley, who joined Simmons as a trainee and became a partner in 1995, has worked with clients including the Ministry of Defence. His practice focuses on cross-border M&A and commercial work in the energy and infrastructure sector, with a particular emphasis 
on oil and gas.

    1 minute read

  • September 21, 2011 |

    Moving on up - the realities of the journey from Bar to bench

    As the only High Court appointee from a five-strong round this year to already carry a judicial title, Judge Henry Globe QC marks the exception rather than the rule. Called to the Bar at Middle Temple in 1972, Globe started out like most, working with his set, Exchange Chambers, and practising as a junior counsel on the local circuit. Now, having been a circuit judge for the past eight years, Globe is joining the select few who make it as far as the High Court.

    1 minute read

  • September 21, 2011 |

    McDermott adds Paris partner amid busy local lateral market

    McDermott Will & Emery has strengthened its fledgling Paris office with a hire from local firm Jeantet Associes, with the hire marking the latest in a string of partner moves in the city in recent weeks. Jonathan Wohl joined McDermott as a partner in its Paris corporate practice last month from Jeantet, where he was a senior counsel specialising in cross-border M&A. Wohl joined Jeantet as a partner in 2006 after 27 years with now-defunct firm Coudert Brothers. When he moved to Jeantet in January that year he became the final partner from Coudert's flagship Paris office to find a new home in the wake of the firm announcing plans to wind up in the summer of 2005.

    1 minute read

  • September 21, 2011 |

    Weil Gotshal invited to tender for RBS panel after first-ever mandate

    Weil Gotshal & Manges is set to be invited to tender for the Royal Bank of Scotland's (RBS') legal panel next year after completing its first-ever mandate for the bank. The US law firm's London office advised the bank on the $300m (£191m) sale of its shares in luggage manufacturer Samsonite, which floated in Hong Kong in June. Weil Gotshal fielded a team led by London corporate partner Mark Soundy on the transaction, which marks the US firm's first piece of work for the bank.

    1 minute read

  • September 20, 2011 |

    Orrick London restructuring team leaves to join US rival Dewey

    Orrick Herrington & Sutcliffe is set to lose its London restructuring team to US rival Dewey & LeBoeuf. The two-partner team is led by Orrick's European co-head of restructuring and insolvency, Mark Fennessy, who is joining Dewey's seven-partner London business solutions and governance practice alongside fellow restructuring partner Hazel Miller.

    1 minute read