Legal Business

Consolidation in the City: Hogan Lovells mulls moving headquarters

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Hogan Lovells has called on real estate giant Cushman & Wakefield to find the firm 350,000 sq ft of office space to consolidate its three City offices into one.

The firm currently has its main base at Atlantic House but occupies two further buildings on Holborn Viaduct, with 1,400 people employed across the three buildings including more than 630 lawyers and 150 partners.

Hogan Lovells’ lease expires in 2026, but has break clauses in 2019 and 2023. The firm has previously moved a number of UK roles into a legal services centre in Birmingham which opened at the end of 2014, for handling low cost legal work. A spokesperson said the firm is also looking at an option of reconfiguring its current Atlantic House space to consolidate all three offices into one. 

Several other law firms are currently reviewing property options. Freshfields Bruckhaus Deringer has scouted out options for a new Liverpool Street headquarters when its lease expires on Fleet Street. Last year, Ashurst began preparing to move its London operation to a 275,000 sq ft office in Spitalfields by 2019, moving the firm from its main office on Appold Street.

Freshfields also launched plans last year to open up a nearshoring space, instructing Knight Frank to find 100,000 sq ft in Manchester in a move which would considerably cut the firm’s expenditure on UK office space.

Earlier this month Bird & Bird consolidated its London offices into a new workplace at 12 Fetter Lane, giving the tech-focused firm space to grow its City headcount by up to 25%. The new London office space comprises of 147,000 sq ft over 12 floors.

Several law firms are targeting new offices in Dublin, with Pinsent Masons seeking out new office space in the city and Kennedys planning to double the size of its office size to around 13,000 sq ft.

matthew.field@legalease.co.uk

 

Legal Business

DLA innovator Stephen Allen resurfaces at Hogan Lovells

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Hogan Lovells has hired former DLA Piper director Stephen Allen following his exit from the firm in March this year.

Allen was director of delivery and quality at DLA controlling a department of 100 staff responsible for operational initiatives. The team focused on pricing and profitability, flexible lawyering and innovations, including negotiating a relationship with Lawyers on Demand (LOD).

He will take up his role as Hogan Lovells head of legal services delivery in September, with a remit to bring together operations in legal project management and resource allocation such as the firm’s Birmingham legal services centre and its use of alumni and contract lawyers.

Prior to joining DLA in 2014, Allen was head of global legal services transformation at PwC, where he delivered projects such as legal sourcing deals for Balfour Beatty and EoN.

From 2009 to 2012, Allen was director of innovation at Berwin Leighton Paisner, establishing the firm’s Managed Legal Service unit, a multi-source legal platform to deliver greater efficiency and value for clients.

His time at DLA saw the firm highly commended at the Legal Business Awards 2016 for Legal Innovator of the Year. DLA launched its flexible working unit in 2015, an initiative driven by co-chief executive Simon Levine and Allen.

Working with LOD, the venture allows the firm to work with DLA alumni supported by LOD’s team of freelance contractors. Around 50 lawyers are expected to join by the end of 2016, supported by LOD’s pool of 400 lawyers.

Initially launched in the UK, the firm has since expanded its partnership with LOD into Asia-Pacific and Australia, launching in Sydney, Brisbane, Melbourne, Perth, Hong Kong and Singapore to create one of the world’s largest New Law ventures.

Hogan Lovells deputy chief operations officer Darren Mitchell said: ‘Stephen will have a global focus on ensuring that we are being innovative and that we are working as efficiently as possible, whilst maintaining the high quality that clients expect from Hogan Lovells.’

Allen added: ‘I will be looking to expand the team over time and to significantly develop what Hogan Lovells is already doing around legal project management and resource allocation.’

Hogan Lovells has made some recent pushes into legal innovation, developing its Regulatory Accelerator tool launched earlier this month for FinTech companies looking to navigate Financial Conduct Authority regulations.

matthew.field@legalease.co.uk

Legal Business

Hogan Lovells in the driver’s seat for Uber as TfL challenged

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Hogan Lovells is acting for Uber in its legal challenge to new car hire rules issued by Transport for London (TfL).

Uber wants to review the latest guidelines brought in for private hire cars which would introduce stricter rules on the company. Uber has written to TfL challenging the new rules.

The regulations on minicabs include written English tests for drivers – to be introduced from October, insurance for drivers for the entire time that their vehicle is licensed and informing TfL of any changes to Uber’s the operating model or app.

Hogan Lovells partner Paul Dacam is instructing Blackstone Chambers’ Tom de la Mare QC and Hanif Mussa on the challenge.

TfL is being represented by its in-house team and has instructed Martin Chamberlain QC of Brick Court to lead the matter.

The ridesharing company has faced a series of legal challenges to its business model across the globe. Recently its UberPop service was blocked by courts in France and Germany and Uber pulled out of Hungary in July following the imposition of new protectionist legislation on transport apps.

Uber has expanded its legal team in the UK over the past 12 months since the hiring of Matt Wilson as general counsel for UK, Ireland and the Nordics in July 2015.

Wilson, who featured in the 2016 GC Powerlist, has already had to deal with a series of disputes arising from Uber’s model and the challenges of new regulations that aim to preserve London’s black cab industry. In October Uber defeated a High Court challenge from TfL over the legality of its app in London.

A TfL spokesman said: “We responded to Uber’s letter and will be robustly defending the legal proceedings brought by them in relation to the changes to private hire regulations. These have been introduced to enhance public safety when using private hire services and we are determined to create a vibrant taxi and private hire market with space for all providers to flourish.”

matthew.field@legalease.co.uk

Legal Business

In-house: Hogan Lovells, Clifford Chance and Linklaters pick up spots on new EU banking panel

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Magic Circle firms Clifford Chance and Linklaters have been joined by Hogan Lovells and PwC on a new panel created by the new EU authority responsible for winding up banks.

The EU’s Single Resolution Board (SRB) tendered for legal advisers earlier this year, for contracts worth an estimated maximum total value of €15m.

The SRB was established at the start of 2016 with the role of winding up failed Eurozone banks as the key decision making body within the EU’s Single Resolution Mechanism.

According to tender documents seen by Legal Business, the three law firms and PwC’s EU services division will provide advice. The contracts last for two years, with options to renew for up to two 12 month periods.

The documents describe the board as ‘one of the cornerstones of a new architecture in banking supervision and resolution’. It aims to end ‘the toxic cycle of too-big-to-fail’ that led to previous banking crashes.

The SRB serves as the resolution authority within Europe’s banking union to prevent banking failures spilling into a full-blown financial crisis, like those that hastened the collapse of the Greek banking system in 2008 and the Cypriot financial crisis in 2012-13.

The contracted firms will provide advice on areas including corporate law, banking law, capital markets, labour law, real estate and intellectual property.

The SRB’s invitation to tender called for firms to submit CVs of advisers from at least four EU member states and demonstrate significant cross-border experience.

Hogan Lovells Frankfurt-based corporate partner Tim Brandi said: ‘We are proud of our appointment to the legal panel of the Single Resolution Board. We consider this appointment as recognition of our unique bank restructuring experience.’

The SRB was fully operational as of January 2016 as the new regulations on EU banking came into force. It is chaired by the former president of the German financial regulator BaFin, Elke König.

matthew.field@legalease.co.uk

Legal Business

Revolving doors: Willkie and Hogan Lovells add to City offices while A&O continues Europe hiring

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Law firms have attempted to blow away the Brexit blues with new partner hires. Willkie Farr & Gallagher and Hogan Lovells have added to their London offices, while in the Magic Circle Allen & Overy has expanded in Germany and Clifford Chance has boosted its Washington DC practice.

Hogan Lovells has grown its London tax practice to seven with the addition of Elliot Weston who joins from Gowling WLG.

Weston has previously acted on real estate and funds matters, as well as M&A and joint ventures. His past work includes the £100m public listing of student accommodation firm REIT on the London Stock Exchange.

Hogan Lovells tax co-head Karen Hughes said: ‘Given [Elliot’s] significant track record in the real estate sector and in the funds market, I know he will help bring further opportunities across the corporate practice group.’

New York-based Willkie has hired former Herbert Smith Freehills financial services consultant Henrietta de Salis as a partner in its London office.

De Salis joins the firm’s London asset management group and financial services department. She has previously worked at Linklaters in the financial regulation group and as head of capital markets at reinsurer Swiss Re. Willkie recently added Bain Capital Credit’s European GC Mark Fine as a partner in May this year.

In the US, Magic Circle firm Clifford Chance has enhanced its litigation practice by adding Janet Whittaker as a partner, joining from Simpson Thacher & Bartlett.

Whittaker has worked on international commercial arbitrations in energy, oil and gas, IT and private equity and previously acted as legal counsel at the International Centre for Settlement of Investment Disputes.

Clifford Chance Americas litigation and disputes resolution head David DiBari said: ‘We are committed to expanding our US Litigation and Arbitration practice in the US through key lateral hirings and organic growth. Janet is a great addition to our team.’

In Germany, Allen & Overy (A&O) boosted its global antitrust practice, appointing Börries Ahrens in its Hamburg office as partner. Ahrens joins from White & Case, where he became a partner in 2010.

A&O Germany senior partner Neil Weiand said: ‘Ahrens enjoys an excellent reputation in the German market. With his appointment, we are strengthening our German teams in response to clients’ growing needs for advice on antitrust issues.’

Ahrens will work alongside partners Ellen Braun and Jürgen Schindler, and he joins following the appointment of Yvo de Vries as partner based in Amsterdam. De Vries served as head of legal compliance at Philips Lighting.

matthew.field@legalease.co.uk

Legal Business

Eversheds, Hogan Lovells and Bakers secure spots on defence multinational’s first panel

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Eversheds, Hogan Lovells and Baker & McKenzie are among nine firms to have won places on French multinational aerospace, defence and security firm Safran’s inaugural global legal panel.

Weil, Gotshal & Manges, as well as Fieldfisher and Osborne Clarke (OC) have also made the roster, alongside domestic French boutiques Betto Seraglini, Brunswick Société d’Avocats and Courrégé Foreman.

The panel will last two years, expiring at the start of 2018. It was instigated and led by the company’s group general counsel (GC), Adam Smith, who joined Safran in September 2014 after spending four years as chief compliance officer for French industrial group DCNS.

Although there are nine firms on the panel with the same framework agreement, Eversheds, Hogan Lovells and Baker & McKenzie will handle the bulk of legal work for Safran, which has an annual legal spend of around €10m. The rest of the firms have been appointed to the panel for specific or niche mandates, including Weil Gotshal for corporate, Betto Seraglini for arbitration, Brunswick for venture capital work and Courrégé Foreman for white-collar crime.

Fieldfisher is currently on the panel for environmental work, though it could also be used for data protection, IT and intellectual property.

Before Smith joined Safran, the legal team operated an informal adviser roster with around 30 firms and most of the company’s legal spend went outside that panel. However, it was decided that in order to get better rates from law firms as well as value-adds, such as secondees, a formal legal panel would be a better fit.

After initial analysis, over a dozen firms were invited to pitch. The main selection criteria were quality and expertise, knowledge of Safran’s industry, value for money, and innovation in legal solutions and ways of working.

kathryn.mccann@legalease.co.uk

Legal Business

Eversheds, Hogan Lovells and Bakers secure spots on defence multinational’s first panel

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Eversheds, Hogan Lovells and Baker & McKenzie are among nine firms to have won places on French multinational aerospace, defence and security firm Safran’s inaugural global legal panel.

Weil, Gotshal & Manges, as well as Fieldfisher and Osborne Clarke (OC) have also made the roster, alongside domestic French boutiques Betto Seraglini, Brunswick Société d’Avocats and Courrégé Foreman.

Legal Business

‘An ideal partner’: Hogan Lovells boosts Southeast Asian offering with Indonesian association

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Hogan Lovells has made further moves to strengthen its position in Southeast Asia with a new association in Indonesia and a partner hire in Singapore. 

The firm announced that it will enter a new association with Indonesian law firm Dewi Negara Fachri & Partners (DNFP) effective today (1 June). The decision comes after Hogan Lovells ended its three year association with Hermawan Juniarto last year.

The move will combine Hogan Lovells’ 30 years’ experience in Asian markets with the knowledge of DNFP’s founding partners Dewi Djarot and Fachri Fachrul, who have 30 and 20 years legal experience in the region respectively. The firm has three partners in total.

DNFP founding partner Dewi Djarot said: ‘There are many demands and challenges facing Indonesia across energy, infrastructure, telecommunications and healthcare but, despite this, the region is poised to continue to grow.’

Hogan Lovells chief executive Steve Immelt told Legal Business working with Indonesian lawyers who understand the culture and ‘what’s happening on the ground’ was key to clients in the region.

‘Clients considered Indonesia to be something that was important for them, and they were coming to us and saying what do you have? When you are asked that question enough you realise you need to come up with an answer.

‘We thought DNFP would be an ideal partner for us. There is likely to be a fair amount of activity, with infrastructure as an immediate focus and there are significant number of issues with disputes, from insolvency to cross border disputes.’

Immelt added the firm’s strategy was aiming to bring its Asia business closer to the ‘dynamic state’ they enjoy in the US and Europe.

‘It’s required investment – bringing in new people we think will be critical to growing out the practice.’

The LB 100 firm has also hired Noor Meurling as a new partner in Singapore. She previously led Ashurst’s corporate M&A practice in Jakarta, where she has advised on major joint ventures and acquisitions in the region since 1989.

The announcement comes after the firm added new blood to its capital markets practice in Hong Kong this week. The firm added Stephen Peepels from DLA Piper and Sammy Li from Paul Hastings.

The recruitment of Meurling comes as the latest of a series of hires to bolster revenues and expertise in Southeast Asia. Earlier this month, Hogan Lovells hired Berwin Leighton Paisner’s head of international arbitration Kent Phillips to its Singapore office. 

matthew.field@legalease.co.uk

Legal Business

White & Case lands Hogan Lovells rising star Potel as US firm builds corporate practice

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After becoming the first US firm to employ more than 400 lawyers in the City last year, White & Case has added Hogan Lovells‘ star corporate partner Guy Potel (pictured) as it bids to become a corporate force in London.

Potel made partner at Hogan Lovells in 2010, two years after joining as an associate from Slaughter and May. Viewed as one of the rising stars at Hogan Lovells, Potel has done deals for the likes of data centre provider Equinix Telecity, real estate investment company Henderson Group and institutional stockbroker Numis Securities. He specialises in M&A in the financial services, consumer and technology sectors.

Potel has a strong track record of working with private equity houses and venture capitalists. His arrival at White & Case comes as part of a drive at the firm to build out its global corporate practice, with Linklaters’ big-billing Hong Kong partner Chris Kelly arriving in February as the firm’s Asia head of corporate and Clifford Chance private equity infrastructure partner Caroline Sherrell and Debevoise & Plimpton’s Kenneth Barry joining in London last October.

The firm has been gathering M&A momentum in Europe since the arrival of private equity duo Richard Youle and Ian Bagshaw from Linklaters in 2012, with the duo’s mid-market approach adding deals volume in London through a client base including HgCapital, Mid Europa Partners, Triton Partners, Novator and Arle. Potel started his career in 1999 at Clifford Chance, working in the same corporate group as Bagshaw after he joined in 2000.

Jan Matejcek, White & Case’s head of corporate for EMEA, said: ‘Guy…will play an important role in the ongoing development of our London public M&A practice, and there are exciting opportunities to work with our private equity team on portfolio company exits, and our equity capital markets team on issuer IPOs and secondary equity offerings by listed companies.’

Oliver Brettle, the US firm’s executive partner in London added: ‘Our strategy to 2020 includes a focus on profitable growth in London, in M&A and in the global technology industry. Guy’s addition drives us forward in all three areas, and follows the arrival of eight new lateral partners in London since the start of 2015.’

The number of lawyers at White & Case’s London office rose 19% in 2015 to 420, with revenue up 22% to $266m as it edged past US rival Latham & Watkins with its City turnover.

tom.moore@legalease.co.uk

 

Legal Business

Hogan Lovells makes Asia arbitration play with BLP hire

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Hogan Lovells continues to make a play for greater market share in Asia with the hire of Berwin Leighton Paisner‘s (BLP) head of international arbitration, Kent Phillips, to its Singapore office.

The latest in a spate of hires made in Asia by the firm, Phillips will join its litigation and arbitration practice to bolster Hogan Lovell’s offering in the energy sector and Southeast Asia.

Senior disputes lawyer Phillips joined BLP in 2011 from Addleshaw Goddard and shared the global leadership role with Richard Power before the latter moved to Clyde & Co in 2014. He previously acted on the high profile Berezovsky litigation in the English courts and is experienced as counsel and as arbitrator, particularly in the energy sector (including projects and construction) and also in financial services.

BLP London-based partner Jonathan Sacher replaces Phillips as head of international arbitration.

Hogan Lovells has made concerted efforts to boost revenues in the Asia-Pacific region through lateral recruitment. Most recently it expanded its Australia operations with four new partners; Scott Harris from DLA Piper, Richard Hayes from King & Wood Mallesons (KWM), and Gilbert & Tobin duo Andrew Crook and Ros O’Malley.

Hogan Lovells litigation and arbitration head Michael Davison said: ‘Recruiting Kent is a key step in enhancing our international arbitration capability in this important market. Singapore has grown substantively as an arbitration hub for ASEAN making a compelling arbitration offering in Singapore critical for most multinationals. Kent also has specialist knowledge in Indonesia and India which are two important markets to our strategic plans.’

The firm’s disputes head for Southeast Asia, Maurice Burke, added: ‘The team here in Singapore is genuinely excited about Kent joining. I think he is going to be a great fit, and I have no doubt with him on board he will take the arbitration practice to the next level.’

BLP has also made a key Asia hire in Hong Kong with the recruit of private client partner Marcus Dearle from Withers, where he previously helped establish the latter’s family law practice and played a role developing its Hong Kong and Singapore offices where he served as office managing director.

It is no surprise that firms are looking to grab greater market share in disputes within Singapore, as London faces stiff competition from the region alongside Hong Kong and Paris to become the dominant international arbitration hub. Recently in January the Singapore International Arbitration Centre (SIAC) notably launched a representative office in the Shanghai free trade zone, a move underpinning Singapore’s growing status as the major legal hub in Asia. Its third overseas office, following launches in Mumbai and Seoul, SIAC is to target Chinese companies as they increasingly turn to arbitration to solve corporate disputes.

sarah.downey@legalease.co.uk