Paris walk out: Gide hires nine partner team from Morgan Lewis

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Strategic recruitment Gide Loyrette NouelMorgan, Lewis & Bockius

The highly fluid Paris market has seen nine partners and ten associates walk out of Morgan Lewis & Bockius’ regional office to join Gide Loyrette Nouel, leaving the US firm with just three local partners.

Senior exits include Paris managing partner Anne Tolila and partner Jean Leygonie, who both left De Pardieu Brocas Maffei & Leygonie to launch Morgan Lewis’ Paris office in 2004.

Tax partner Christian Nouel, who only joined Morgan Lewis in September last year from Paris-based STC, having previously headed Latham & Watkins Paris tax practice, is among those leaving the firm.

The beautiful game: Cleary advises Inter Milan on sale of 70% stake to Indonesian tycoons

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Corporate Cleary Gottlieb Steen & Hamilton

One of Italy’s most successful football teams, Inter Milan, has turned to Cleary Gottlieb Steen & Hamilton as it becomes the latest European football club to be taken over by foreign investors.

The club has sold a 70% stake to International Sports Capital (ISC), which is indirectly owned by Indonesian billionaire Erick Thohir and prominent Indonesian investors Rosan Roeslani and Handy Soetedjo.

Ashurst says no to Geffen for chairman in surprise election result

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Leadership Ashurst

A popular long term board member with the social skills needed to pull together a newly-merged transcontinental firm, Ashurst’s announcement today (16 October) that outside runner, dispute resolution partner Ben Tidswell has been elected as chairman, is nonetheless a shock defeat for incumbent firm head Charlie Geffen.

After a simple ‘one partner, one vote’ election, the emergence of Ashurst Australia’s competition and consumer protection partner Peter Armitage as a contender for the top job had turned the election into a three horse race.

However, Geffen, whose current senior partner title was subsumed by the new chairman role after newly-merged Ashurst Australia revised its corporate strategy in July, was widely expected to be re-elected.

Coming of age: Mishcon’s inaugural management elections see Gold voted in

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Leadership Mishcon de Reya

If formal management elections are a sign of a firm coming of age then Mishcon de Reya, the second fastest growing firm in terms or organic revenue over the past five years, is all grown up, with Kevin Gold and two department heads formally elected for a further term.

The 254-lawyer firm has given its vote of confidence to incumbent head of corporate Nick Davis and disputes leader Kas Nouroozi, although, given that neither Gold nor the department heads faced any challengers, the inaugural election appointments have more of the symbolic than the victorious about them.

Training for tomorrow – SRA outlines outcomes-focused approach to legal education

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Education

‘While the current education and training system has served us well, technology, changing consumer demands and the regulatory system itself are shaping the ways in which legal services are delivered. Legal education and training must adapt to reflect these wider changes.’

So says the Solicitors Regulation Authority (SRA) in today’s (15 October) ‘Training for Tomorrow’ report, which proposes moving to an outcomes-focused approach to legal education, with less input from the regulators on how to achieve competence and ongoing training.

It’s a wrap – Penningtons acquires Manches after PWC brokers sale of business and assets

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Financial management Penningtons ManchesPwC

In what was initially billed as merger talks but has turned out to be far more of a takeover Penningtons yesterday acquired the trading operations of Manches in a deal brokered by PriceWaterhouseCoopers as administrators.

Under the business transfer agreement, 265 Manches employees, including 46 partners will now move to Penningtons. However, in a reflection of the fact that, despite their contrasting recent profitability the firms are close in lawyer size and revenues, the combined firm will be called Penningtons Manches.

Key real estate and construction hires for Macfarlanes, Taylor Wessing and Withers

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Strategic recruitment MacfarlanesTaylor WessingWithers

Property and construction lawyers are taking advantage of being back in vogue with a number of high profile moves in the sector this week including Ashurst partner Anthony Burnett-Scott’s move to Macfarlanes, Nabarro’s head of infrastructure Matthew Jones to Taylor Wessing and Wither’s hire of Fenwick Elliott real estate partner Julie Teal.

At Taylor Wessing, Jones will join the construction and engineering group, working closely with the firm’s real estate group, its planning, funds and tax teams and its banking group in relation to real estate acquisitions and development finance.

BPO – Wragges transfers 65 support staff to Intelligent Office as 26 staff take redundancy

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Restructuring Gowling WLG

Following an extensive review of its legal support services in May, Wragge & Co has made 26 full time equivalent (FTE) staff redundant with a further 65 roles transferred across to business process outsourcing (BPO) group Intelligent Office.

The BPO arrangement sees staff from across all four of the 502-lawyer firm’s legal groups – corporate, commercial, finance and projects; real estate; human resources; and dispute resolution – transfer to form a new document production centre, concierge hubs and a ‘docucentre’ for reprographics, post and archiving, all managed on site by Intelligent Office.

Vodafone develops Indian LPO as former Linklaters lawyer takes over as UK external affairs director

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In-house Vodafone

As Vodafone replaces outgoing UK corporate and external affairs director Justine Campbell with group legal director for corporate and commercial, Helen Lamprell, the telecoms giant has been focusing on developing a new relationship with the legal process outsourcing (LPO) arm of Indian law firm Qui Prior Law Associates (QP).

Vodafone in March signed up with QP, which is run by senior in-house lawyer of 20 years Rajiv Sarin, who has worked in senior positions in companies such as Coca-Cola, Unilever and HCL-Hewlett Packard, to initially take on work including basic contract review.

Guest blog – Innovation in law: are you one of us?

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Guest blogs

Debates about innovation in law can be a bit tribal. The Creative Destroyers decry the billable hour. They mock Big Law as a broken model and see law as a dusty rule book in need of big data and a scientific reinvention. Law is vastly complex and inefficient. More traditional folk point to the resilience of law, and law firms. They snigger, not always unfairly, at the self-serving evangelism of the new model insurgents. And they comfort themselves, unwisely I suspect, with any signs that the current crop of innovators are failing. The singularity may not be near, but that does not mean that it is far.