Going nuclear – Herbert Smith advises EDF on £16bn power plant deal

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Corporate Herbert Smith Freehills

The UK government’s game-changing decision to build the first nuclear power plant for a generation has seen Herbert Smith Freehills advise longstanding client EDF Energy on the deal.

The £16bn agreement to build two European pressurised reactors at the Hinkley Point C site in Somerset is the culmination of two and a half years of negotiations between the two parties and Julia Pyke (pictured), a Herbert Smith partner and co-head of the firm’s nuclear group, told Legal Business ‘It has been immensely satisfying to reach this milestone.

Growth plans: Osborne Clarke continues lateral hiring spree

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Strategic recruitment Osborne Clarke

Osborne Clarke (OC) has made its 25th lateral hire in 18 months, while managing partner Simon Beswick has revealed plans for the firm to continue to build out internationally.

Former Pinsent Masons partner Andrew Normington, who will join 600-lawyer OC’s infrastructure and project finance team, specialises in providing advice to sponsors and financial institutions with particular focus on European economic infrastructure and energy projects.

Comment: More for more – growing pains and questions as in-house comes of age

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In-house

Confident. That’s the mood as Legal Business conducts its second annual poll of in-house counsel. For all the talk of the ‘more for less’ agenda, our special illustrates that there is robust demand for legal services at most sizeable companies and that the growth story of corporate legal teams continues.

More than two thirds of responding in-house legal teams have seen growth over the last five years. Law Society figures underline the wider extent of that growth with the in-house profession growing by 137% between 2001 and 2011. Law firms continue to feel the pinch in part because in-house teams have become determined to retain matters internally.

Another headline finding: law firms have to a considerable extent listened to client demands on value and service; over 90% of clients believe their advisers offer good or fair value, while 81% believe their advisers are appropriately staffing their matters.

Bind and drive: Freshfields’ Tim Jones to join England Rugby 2015 as GC

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In-house Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer corporate partner and former City head Tim Jones has been hired as general counsel to England Rugby 2015 ahead of next year’s Rugby World Cup.

Established by the Rugby Football Union, whose current legal and governance director is Karena Vleck, England Rugby 2015 will employ the corporate heavyweight three days a week, beginning on 1 November. Jones, however, will also continue to work on a part-time basis for the Magic Circle firm, and carry on with client matters.

In-house: A&O, Ashurst and Eversheds on Morrisons first-ever legal panel

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Adviser reviews Morrisons

One of the UK’s largest supermarket chains, Morrisons, has revealed its first-ever legal panel, with Allen & Overy (A&O), Ashurst, DAC Beachcroft and Eversheds are among the 15 firms selected, which was overseen by the company’s recently appointed general counsel Mark Amsden.

40 firms made the long list, which was whittled down to a shortlist of 22. Amsden divided the panel into six categories: employment, property, personal injury, licensing and regulatory as well as one panel covering ‘everything else’ – corporate, commercial, litigation, pensions and intellectual property. One more panel covers Scotland, with DWF and MacRoberts selected.

‘I could walk away but I don’t want to’: Mansfield QC explains launch of virtual chambers following Tooks closure

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The Bar

The recent dissolution of Tooks Chambers was widely regarded as a sign of the times, as legal aid cuts coupled with a turbulent economy have hit publicly funded sets at the Bar harder than most. Now, however, former chief Michael Mansfield QC has embarked on plans to reinvent a low-cost, virtual version of the civil liberties set.

While Tooks closed its doors in Farringdon Street last Friday (11 Oct), 15 of the 55-strong set are expected to join Mansfield Chambers, as it will be known. Although the official launch is expected to take place in February next year, the new set began operating out of serviced offices at 5 Chancery Lane on Monday (14 Oct).

Ashurst leadership contest – Mary Padbury for vice chairman

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Leadership Ashurst

The latest instalment of Ashurst’s senior management elections has seen Ashurst Australia’s chair Mary Padbury voted in as vice chair of the newly-merged firm just days after partners said no to incumbent head Charlie Geffen for the chair role in favour of Ben Tidswell.

Padbury, who was widely-tipped for the vice chair post, held a number of management roles at legacy Australia Big Six firm Blake Dawson, which formally merged with Ashurst in September, including as the firm’s resident London partner from 2001 to 2003 and as an executive partner with responsibility for the firm’s national corporate, competition and intellectual property practices from 2003 to 2005.

Revolving Doors: Strategic hires for WilmerHale, Eversheds, Irwin Mitchell and DWF

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Strategic recruitment DWFIrwin Mitchell

As former co-head of Bird & Bird’s London-based international life sciences sector group and rated intellectual property (IP) litigation partner Trevor Cook joins WilmerHale’s New York office, Irwin Mitchell this week took on Pinsent Masons former dispute resolution and litigation head Nigel Kissack and Squire Sanders IP partner Alex Newman, while in Birmingham, Eversheds and DWF pulled in international rail partner Andrew Herring and real estate partner Melanie Williams respectively.

Linklaters private equity ambitions dealt a blow by departure of Bagshaw and Youle

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Strategic recruitment LinklatersWhite & Case

Linklaters‘ now decade-long effort to carve a credible position in the private equity market has been dealt a serious blow as co-heads Ian Bagshaw (pictured) and Richard Youle leave to join White & Case.

The high profile pair, long-term friends having started their careers together at Eversheds, had to build the Magic Circle firm’s private equity practice almost from scratch after the departure of Graham White and Raymond McKeeve in 2007, although it has been an enduring irony that their own reputations in private equity exceed that of the firm.

Comment: The social contract – what is the law firm but the people?

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Guest blogs

The market for legal services will never be the same again. Mergers, alternative business structures, multi-disciplinary practices, law firm failures, onshoring, offshoring and the continual advance of technology all signpost change, and will continue to drive change in the future. But as we all jostle for market position and attempt to make sense of this ongoing maelstrom, how much thought is being given to the lifeblood of the profession: the lawyers of tomorrow?