Ashurst has lost a second senior partner in Germany as Nikolaus von Jacobs leaves to head up McDermott Will & Emery's Munich private equity practice, citing a growing interest among US private equity funds in European investment opportunities.
Von Jacobs, who previously headed Ashurst's local private equity team, specialises in venture capital, public and private M&A as well as private equity. One of his main clients is independent Luxembourg-based fund Palero Capital.
The former head of legal for The Times newspaper, Alastair Brett, has been suspended from practising for six months by the Solicitors Disciplinary Tribunal (SDT) for misleading a court and 'failing to act with integrity' in litigation over the naming of anonymous Nightjack police blogger Detective Richard Horton in 2009, an SRA statement confirmed this morning (6 December).
Brett was suspended yesterday (to take effect from 16 December) after the Solicitors Regulation Authority (SRA) told the tribunal that in June 2009, while conducting litigation in the High Court on behalf of The Times, Brett 'knowingly or recklessly allowed a witness statement to be served in support of its defence which created a misleading impression'.
'Wragge & Co was the Mishcon of its day.' That statement from a former veteran of the Midlands giant sums it up in many ways.
In the late 1990s Wragges wasn't just the best law firm the English regions had bred, it was a firm that broke the rules. The mix of flair, quality lawyering and an ability to astutely break away from the herd had few if any direct comparisons at the time. Wragges had a recognition and respect in the City absent from most national and regional competitors. More than that, Wragges stood out from rivals and could quicken the professional pulse in a way that Mishcon de Reya does today.
Following a competitive tender process between five of its panel law firms, AIG has awarded its bulk contract work to Bond Dickinson, as the insurance giant's general counsel for Europe, the Middle East and Africa, Chris Newby focuses his team on more strategic, higher level legal work.
AIG concluded its main panel review in September, appointing a 25-strong list of advisers, including Freshfields Bruckhaus Deringer, Berwin Leighton Paisner and DLA Piper.
A secondary tendering process was conducted among five panel firms for the job of updating and modernising hundreds of medium risk, high-volume but low-value contracts with AIG's providers.