It’s big, it’s here – King & Wood Mallesons SJ Berwin launches and unveils global management team

It’s big, spanning continents, oceans, hugely disparate cultures and a complex governance and profit-sharing model and it’s going live today (1 November) – welcome to King & Wood Mallesons SJ Berwin.

The firm has now confirmed who will be taking on the task of managing the newly-merged giant after announcing the line-up of global practice heads and its new management committee. (For lawyers who spent their summer in a cave, the firm is the combination of top 25 UK practice SJ Berwin and Asia-Pacific giant King & Wood Mallesons).

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More news from Asia – Clydes first to enter South West China under JV deal

Long a trailblazer in the insurance sector, Clyde & Co has now become the first international law firm to launch in southwest China after setting up a joint law venture (JLV) in China with local practice West Link Partnership in Chongqing.

Clydes this week became the first among its peers to launch an office in South West China after local regulators permitted the London-headquartered practice to form an association with West Link.

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Getting proprietorial – the client view as the battle to secure IP rages on

From smartphone patent wars to online piracy, companies have never been more focused on protecting their intellectual property. In this special report, Legal Business teamed up with Bristows to gauge client attitudes to IP

It’s been a truism of the business world that protecting your intellectual property (IP) is an important part of success since the first laws on copyright were inked in the early 18th century. IP has not suddenly emerged as a key to a company’s long-term prospects. But, undoubtedly, numerous forces have emerged in recent years that have driven companies to more carefully consider how they protect, enforce and monetise their IP. Whether talking about the world of ‘hard’ IP, ie patents, or the ‘soft’ areas – trade marks, copyright and designs – the IP landscape has never been so dynamic or high impact.

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Knowledge is power – the future of legal tech

Effective use of technology and knowledge management tools are higher on a law firm manager’s agenda than ever before. Here we track the key developments that will shape the future of legal tech

For insight into how important the role of the IT specialist is to the modern law firm, just ask Balfour Beatty’s head of group legal Keely Hibbitt. The infrastructure giant made a significant splash in April, when it announced a radical overhaul of its panel arrangements, selecting Pinsent Masons as its sole adviser for all its ‘business as usual’ legal work.

The three-year contract, which will cover all repetitive and predictable legal work that the client faces on a daily basis, is a major coup for the law firm. But while the mandate reflects Pinsents’ ability to offer a single-supplier model effectively, it would have floundered were it not for the work of IT director Colin Smith and his team.

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Guest post: R (PressBoF) v Culture Secretary: the hearing

I was in court 68 at the Royal Courts of Justice yesterday morning (30 October) to hear the Press Standards Board of Finance’s (PressBoF) urgent application for interim relief – an injunction – to stop the government from getting the cross-party press regulation Royal Charter granted by the Queen in Privy Council this afternoon. The Privy Council was due to ‘meet’ at 5.30pm (these are very short meetings in which everyone stands, I’m told; the meeting would be a constitutional formality); the hearing began at 10.30am.

Right from the start, Lord Justice Richards made clear he thought the court could deal not only with the application for the injunction, but with the question whether permission for judicial review should be granted. That surprised me, and I suspect some others in court.

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‘We own the time’ – the Africa 2020 vision

Africa map clock

‘I’m standing saying that those who miss the boat now, will miss it forever. So if you want to be in Africa, think about investing,’ said Nigerian finance minister, Ngozi Okonjo-Iweala, earlier this year in a public speech.

Before most foreigners had become bullish on Africa, Stephen Jennings, founder of Renaissance Capital, who successfully bet on the opportunities in post-Soviet Russia, put it more pithily when he was quoted in 2007 as saying: ‘If Russia was a once-in-a-lifetime opportunity, sub-Saharan Africa is a second once-in-a-lifetime opportunity.’ Continue reading “‘We own the time’ – the Africa 2020 vision”

Davis Polk and Cleary act on big four Booz takeover as PwC re-shuffles legal leadership

Major accountancy and advisory groups are always nice clients for law firms to have so Davis Polk & Wardwell, Cleary Gottlieb Steen & Hamilton and Linklaters have some cause for cheer after having been instructed on one of the biggest deals in the professional services sphere for years.

The deal sees big four accountancy and advisory group PricewaterhouseCoopers (PwC) seal an acquisition of New York-based Booz & Company, one of the proudest names in strategic consulting.

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A ‘landmark’ baby step towards filming the courts welcomed by all

The long campaign for domestic courts to be opened up to filming today (30 October) secured an (actually pretty minor) victory with the Court of Appeal letting in television cameras. With the Court of Appeal (Recording and Broadcasting) Order 2013 coming into force, the ban on cameras in courts in England and Wales that has been in place since 1925 has been somewhat eased.

After years of lobbying by the BBC, ITN, Press Association and Sky News, who are funding the scheme, cameras have been placed in five courts in the Court of Appeal. ‘I salute those in our organisations who have worked tirelessly over many years to overturn the ban,’ said John Hardie, chief executive of ITN. Continue reading “A ‘landmark’ baby step towards filming the courts welcomed by all”

Tough on the high street – 153 law firms enter last chance saloon after failing to gain cover

In further evidence of the intense pressure facing small practices, the Solicitors Regulation Authority (SRA) today (31 October) announced that 153 law firms are at threat of closure after having failed to secure professional indemnity insurance (PII) cover.

Under the new PII arrangements – introduced this year to replace the old assigned risks pool – these solicitor firms will now enter a 60-day ‘cessation period’ in which firms can only deal with existing instructions while they seek an insurer. Those failing to gain cover by 29 December will be required to close.

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Old and new faces: Squire Sanders re-elects UK and US heads while Dentons appoints new chief executive

Squire Sanders has re-appointed Peter Crossley and Stephen Mahon to their respective European and firm-wide managing partner roles in a week that has also seen Dentons elect its Warsaw managing partner, Tomasz Dabrowski, as the new European chief executive seven months after its tripartite merger went live.

For Squire Sanders, the re-election of Crossley and Mahon, which were appointed by the firm’s UK and US LLP management committees, will see the duo undertake a further three-year term beginning 1 January 2014.

Having served two terms as legacy Hammonds’ managing partner, Crossley took up the role of European managing partner when the firm merged with US firm Squire Sanders & Dempsey in January 2011. Continue reading “Old and new faces: Squire Sanders re-elects UK and US heads while Dentons appoints new chief executive”

Addleshaw stands by its men as two partners face SDT hearing

The legal profession has seen a handful of high profile cases of commercial lawyers caught out in allegations of fraud or questionable behaviour in recent years, a process that often involves the employing law firm rapidly turning on its own staff.

But while the Solicitors Regulation Authority (SRA) has referred two partners of Addleshaw Goddard to the Solicitors Disciplinary Tribunal (SDT) following an investigation into disbursements, the firm looks to be standing by its men.

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Forget Dewey – in Wall Street star power is greater than ever

I flew into Manhattan to The New Yorker chronicling the death of Big Law with a pacey dissection of the fall of Dewey & LeBoeuf. Three days later I flew out to The New York Times covering the fee bonanza for Wall Street lawyers generated by J.P. Morgan’s regulatory nightmare.

There you have it – Manhattan’s legal market remains as contradictory and seductive as ever. Eighteen months since Dewey collapsed, it’s not apparent that the world’s largest legal failure has had much impact at all. Certainly, there has been no discernible hard look in the mirror or serious questioning of the elevation of the star system that contributed – combined with a score of other failings – to Dewey’s final chapter.

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Deal Watch: Hogan Lovells and CC lead on AMC Networks’ $1bn buyout

Clifford Chance (CC) and Hogan Lovells have plugged into the renaissance in US television production after advising on a $1bn (€750m) buyout by US entertainment group AMC Networks of Chellomedia, the international content division of media company Liberty Global.

The acquisition announced on Monday (28 October) provides the entertainment group with 68 new television channels distributed to more than 390m households in 138 countries, and the opportunity to distribute its programming worldwide, including celebrated shows like Breaking Bad, Mad Men, and The Walking Dead.

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Guest post: Prerogatives, power and press regulation

I make no apology for returning to the question of the Royal Charter on Self-Regulation of the Press. This was discussed in my earlier post of 14 October, which concluded by noting: ‘Perhaps the Charter will somehow be challenged before the courts. Unless that happens, the existence of a prerogative power to regulate the press is likely to become accepted given that the Charter itself effectively claims a prerogative right to do so by using the words: “Now know ye that we by our prerogative royal …..will, ordain and declare ….” It might then be wondered what might be ordained and declared at some time in the unknown future when some further need for State Control over some activity is perceived.’

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UPDATED: BLP launches independent review of finance practice after team head departs

Berwin Leighton Paisner‘s (BLP’s) head of banking and finance Matthew Kellett is to leave the firm, it was confirmed today (30 October), with BLP launching an independent review of its finance practice.

A spokesperson for the firm said: ‘Matthew Kellett has decided to leave BLP to pursue his business and other interests. Matthew will stay in his role until a successor has been appointed. The finance team continues to retain significant clients and is involved an increasing amount of international and multi-practice work.

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Consolidation update – Dentons and McKenna chiefs back tie-up with November partner vote to follow

Dentons looks set to secure another substantive merger after management of the firm and US suitor McKenna Long & Aldridge this week approved proposals for its mooted union, clearing the way for partners to vote on the tie-up in November.

With both having confirmed the merger discussions in late September, the impending union looks set to create a firm with more than 3,100 lawyers around the world and push revenues through £1bn.

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Guest post: Chasing PLCs in corporate crackdown – it’s still all about the money

In response to criticism that the Serious Fraud Office (SFO) does not go after a sufficient number of corporates, SFO director David Green QC made clear recently that there is no ‘fear’ within the SFO to do so in appropriate cases.

The announcement last week (which we reported here) that the SFO has charged Smith and Ouzman Limited over alleged bribery and corruption underscores the point.

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Deal Watch: CC and DLA Piper step up on £300m Dr Martens buyout

It has become a cliché among deal professionals to say that – even in these risk-averse times – there is still the confidence and financing to make acquisitions with a solid story. Securing one such deal are DLA Piper and Clifford Chance (CC), who have taken lead roles advising on the £300m sale of Dr Martens – the iconic footwear brand – by the shareholders of parent group and licensee of the brand R Griggs Group. The company was sold to an investment vehicle backed by London-based private equity house Permira.

DLA fielded a Birmingham-based team for R Griggs, the majority of which is owned by the Griggs family who have run the brand for more than 50 years. DLA’s team was led by partner Noel Haywood and included senior associate Ceri Williams-Jones and associates Simon Wright and Rosie Hendon.

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A question of confidence – Russians strive to keep high stakes disputes at home

Moscow silhouette skyline with London reflection

Given that domestic litigators in Russia and the CIS regularly see their clients’ largest commercial disputes go abroad, usually to be resolved under English law, they treat the outflow of work with unexpectedly good grace. This is mostly based on the realisation that this exodus of high-value litigation not only reflects what clients want, but also what they need. But what’s best for clients isn’t always best for advisers’ bottom lines.

‘The tendency for cases to go to the UK High Court will remain for the next two or three years,’ says Markian Malskyy, head of alternative dispute resolution (ADR) at Ukrainian law firm Arzinger. ‘Normally the bigger Ukrainian law firms would try to exclude the domestic courts from any potential disputes. One party will usually hope that the UK courts will accept jurisdiction. This looks like a good platform for objective justice – still hard to find in the CIS.’ Continue reading “A question of confidence – Russians strive to keep high stakes disputes at home”

As Brazil cools Latam heat – Garrigues moves into Colombia; SJB primes Saudi move

With Brazil’s economy continuing to disappoint during 2013, there is increasing focus on other economies across Latin America. Moving to meet that demand Iberian giant Garrigues has announced that it is to acquire Colombian outfit Zarama y Asociados.

Garrigues has secured the signatures of Zarama y Asociados sole partners, Fernando Zarama and Camilo Zarama, along with the rest of the fee earners at the firm. The deal allows Garrigues to make a significant play in one of the fastest growing and most touted of Latin America’s economies, combining the practice with the Spanish firm’s Bogota branch.

Continue reading “As Brazil cools Latam heat – Garrigues moves into Colombia; SJB primes Saudi move”