Engineers and theologians know how to find out. I listened with great interest last week to a presentation about a soon-to-be released survey of client attitudes.
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Austrian law student’s case against Facebook results in landmark ECJ decision to scrap safe harbour regime
An Austrian law student has won a legal challenge over the US safe harbour scheme, in a decision which will impact some 4,000 US companies which transferred personal information across the Atlantic.
Legal Services Board green lights removal of annual solicitor endorsements for sole practitioners
The Legal Services Board (LSB) has agreed to the removal of annual solicitor endorsements for sole practitioners, in a move which the Solicitors Regulation Authority said will simplify arrangements.
White & Case steps up private equity march with hires from Clifford Chance and Debevoise
White & Case’s march on the London private equity market has stepped up another gear with the hire of Caroline Sherrell from Clifford Chance and Kenneth Barry from Debevoise & Plimpton.
Q&A: Jenner & Block’s Charlie Lightfoot talks about leadership, White & Case, and ‘getting my hands dirty’
Chicago litigation firm Jenner & Block’s launch of its first overseas office earlier this year in London was as soft as they come. Is there space for another litigation firm or will London be its graveyard? Charlie Lightfoot (pictured), the man tasked with growing the firm’s London office, talks of the firm’s prospects.
Entering Italy: Dentons opens in Milan with 21-strong team from DLA and local boutique
Guest Post: Michael Gove – the barrister’s best friend?
Legal Futures has gained exclusive access to what is believed to be the transcript of a secret meeting held recently between Lord Chancellor Michael Gove (pictured) and a delegation from the Bar Council.
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RPC makes key finance hire with former Worldpay corporate GC
City firm RPC has hired former Worldpay corporate general counsel Matthew Griffith as a partner in its corporate insurance and financial services team, in a bid to ‘sharpen client focus’ in the sector.
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Super Dadds: West End firm rescues Jeffrey Green Russell from pre-pack administration
West End firm Gordon Dadds has rescued another ailing firm by acquiring Jeffrey Russell Green (JGR) following a pre-pack administration, creating a full service firm.
Revolving doors: DAC Beachcroft, Osborne Clarke, Baker & McKenzie among those announcing new recruits
A number of firms including Osborne Clarke, Baker & McKenzie, CMS and Simmons & Simmons made key hires last week.
Watson Farley hires Clyde & Co corporate partner Nigel Taylor
Watson Farley & Williams continues to build its City offering through lateral hires, by hiring Clyde & Co corporate partner Nigel Taylor to join the firm.
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Fragmented and naïve: the profession’s failure to penetrate Whitehall
Two pieces this month touch on a common theme: the profession’s failure to influence government. The first touches on the policy issues that have most commonly put the profession into conflict with government: the provision of legal aid, in our coverage of the unprecedented strike by publicly-funded lawyers. In the second, in our Global 100 debate, Slaughter and May’s Nigel Boardman rightly highlights the profession’s glaring lack of influence in shaping business law, while senior figures cite mounting concerns over the future of the judiciary and courts.
The UK profession’s lack of clout has long been bizarre. English law has huge influence globally both in terms of foreign businesses deploying it and choosing English lawyers and courts but also in terms of soft power. The UK is a global leader in legal services, home to the world’s second-largest legal market and a substantial contributor to exports and tax revenues.
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The fundamental things – SJ Berwin and the problem with legal conglomerates
At the time that SJ Berwin combined with King & Wood Mallesons there were plenty of reasons to be optimistic. The firm had eyed a global merger for years, KWM was a much-fêted Asia-Pacific giant with a commanding position in China’s fast-growing legal market and the deal was in general welcomed by its partnership (in contrast to the smoke and mirrors surrounding the abortive discussions with Proskauer Rose). And yet, as we report this month, the firm has suffered a challenging few years since the deal went live, marked by significant departures.
Part of the problem is the inevitable consequence of the legacy UK firm’s reputation in private equity and funds, areas under siege from US law firms. That is a known quantity and the firm has been proactive in addressing that challenge.
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The Last Word: Fighting your corner
Our recent International Arbitration Summit in London provoked lively discussion and, ahead of a full report on the debate next month, here is a taster of some of the key points
SELF-AWARENESS REQUIRED
‘The once preoccupying debate about what issues you can arbitrate has become of ever-diminishing relevance in the modern world. Almost all commercial disputes today are now arbitral, with fewer and fewer exceptions.
We need to ask ourselves again and again why users are complaining that modern arbitration is, all too often, failing to fulfil the promise of international arbitration as a flexible and streamlined form of dispute resolution, in which the particular process is tailored to the particular issues in play, in a particular case. We need to ask ourselves why mainstream public opinion is often expressing a very open level of criticism about the legitimacy of investment arbitration, which is inevitably spilling over into the commercial arbitration mainstream.’
Constantine Partasides QC, founder, Three Crowns
Sum of its parts: can King & Wood Mallesons match the hype?
After a promising first year for King & Wood Mallesons/SJ Berwin, its UK practice saw a bruising 12 months. Tom Moore reports on its efforts to regain the initiative.
The first 12 months of SJ Berwin’s merger with King & Wood Mallesons (KWM) seemed plain sailing. The expected fallout that often occurs after such a transformative merger hadn’t materialised, with just a handful of partner exits amounting to no more than the average churn at a big law firm. The partnership was supportive of the merger, which went live in November 2013. There were few abstentions and disputes partner Tim Taylor QC even starred in a high-energy dance routine in a Dubai swimming pool to celebrate the merger, becoming a minor viral hit in the process.
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Life During Law: Kevin Gold, Mishcon de Reya
My career has been one of misfortune for others and fortune for me. I had two senior partners that died – one was very young, Alan Rosin at Bayer Rosin – he was in his 40s, I was about 30. As a result of his death, which was a huge tragedy, I inherited a practice.
Bayer Rosin was a unique firm. The partners were either South African or East African. South Africa was just coming through apartheid and so on his death the opportunities presented themselves. Many firms wanted to merge with us as we had a strong practice in the region. One was Mishcon… I brought about half the firm with me, others went their own way. The second person was the then-senior partner Martin Bayer. He came to Mishcon but died a few years after we joined.
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The conservation game – up close with New York’s original inner circle
Amid a changing global legal market, three storied Wall Street firms retain commanding reputations. Legal Business assesses New York law’s enduring inner circle.
‘Almost all absurdity of conduct arises from the imitation of those whom we cannot resemble.’
Samuel Johnson
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Striking out – a desperate profession and the politics of legal aid
It’s over two years since the government announced its controversial next wave of cuts to legal aid. As resentment this year exploded into an unprecedented strike, Legal Business assesses the anger and professional horse-trading.
‘A revolution requires willing fighters with nothing to lose. There may be plenty of legal aid practitioners who fit this description. Revolution also requires a reasonable level of popular support. It is unclear whether the unity of the profession remains sufficiently robust or whether the movement as a whole has the energy it did two years ago. At this early stage, next steps are uncertain. The profession may choose conciliation, combat or a mixture of both – but, with little leverage left, whichever option it selects it must be totally committed to it.’
Tom Smith, The Justice Gap, 2015
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North west clients – The delivery business
To mark our Regional Insight report, we teamed up with Weightmans to assemble a group of senior in-house counsel in the north west.
A discussion over added value in legal services typically begins with a discussion of what the term actually means. Right off the bat, Celia Tierney of Stockport Metropolitan Borough Council points out that the phrase ‘best value’ was coined by the public sector, as local government bodies have been required to provide this in their services for a considerable amount of time. On the other hand, Tyco’s regional general counsel (GC) EMEA, David Symonds, sums it up for most when he says: ‘The primary driver that we are judged by is how much we spend externally.’
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Scottish GCs – The pressure is on
As part of our Regional Insight series, we met with senior in-house lawyers and partners from Brodies in Edinburgh to discuss the key issues facing GCs working in Scotland.
The most heavily-used phrase among in-house counsel and private practice lawyers alike is ‘trusted adviser’, so it is therefore unsurprising that this became the first major topic of discussion on an agenda looking at the key pressure points facing in-house counsel. Stuart Clarke, head of legal at Scottish Enterprise, says it is fundamental to be seen as being at the heart of your organisation’s thoughts on how it is going to deliver its business plan.