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Cadwalader, Wickersham & Taft LLP suffered a substantial degradation of its London practice, with seven of its partners departing for Paul, Hastings, Janofsky & Walker (Europe) LLP. These included former office head Michelle Duncan, restructuring litigator Karl Clowry, capital markets partner Conor Downey, and financial services partner Tom O’Riordan. The London office is mostly focused on financial services.

Cleary Gottlieb Steen & Hamilton LLP is an acclaimed market leader on the international scene in private equity and capital markets. It represented Evraz in connection with a US$400m recourse and US$400m non-recourse bridge facility as part of the financing of the acquisition of IPSCO’s North American plate and pipe business from Swedish steel company SSAB.

Debevoise & Plimpton LLP is known for its superb M&A practice, which spans all manner of transactions. Highlights include advising Air France-KLM on its €322m acquisition of a 25% stake in Alitalia. The group also has strength in its insurance, litigation and financial services teams, and recently boosted its dispute resolution capabilities with the addition of former Bird & Bird LLP litigation partner Sophie Lamb.

Gibson, Dunn & Crutcher LLP’s London branch is home to Lord Falconer. The office’s practitioners advise on a broad range of issues including M&A, private equity, finance, capital markets and real estate. The firm represented Heart of La Défense SAS on its debt restructuring.

Hogan & Hartson represented Ford Motor Company on the US$2.3bn sale of its Jaguar and Land Rover subsidiaries to Tata Motors. The London office’s remit includes advising several international clients on a range of matters, such as project finance, M&A, real estate and private clients work.

Kirkland & Ellis International LLP bolstered its restructuring team in the City by adding Jason Salman, who joined the firm as a partner from Cadwalader, Wickersham & Taft LLP, and Paul Atherton, formerly a partner at Sidley Austin LLP. The London team’s strengths mirror those of its US offices, notably in private equity, restructuring and litigation.

McDermott Will & Emery UK LLP made a number of hires during 2008 and 2009, including that of Taylor Wessing LLP’s former UK managing partner, Gary Moss, to head the London intellectual property group. However, four partners and two other senior lawyers from the tax and structured finance practices have recently moved on. The departures left the firm with only one UK-qualified tax partner, London senior partner Peter Nias.

Milbank, Tweed, Hadley & McCloy LLP’s London practice is praised particularly for its track record in capital markets and project finance. Highlights include landing a lead role on the estimated £2bn sale of Abbey’s train-leasing division, Porterbrook, to a consortium led by Deutsche Bank, which was one of the largest leveraged acquisitions of 2008. The firm bolstered its London dispute resolution team with the arrival of Julian Stait from DLA Piper UK LLP.

Originally from San Francisco, Morrison & Foerster (UK) LLP has been in London since 1980. It advises both publicly traded and privately held companies in connection with M&A, TMT, biotech, outsourcing and financial services. Life sciences expert James Halstead was elected to the partnership in January 2009, one of only ten made by the firm in 2009.

Orrick, Herrington & Sutcliffe has recruited seven new partners in 2008 and 2009, with five arriving from Heller Ehrman, including venture capital partners Richard Eaton, Chris Grew and Struan Penwarden. The London team’s expertise spans insolvency, finance and M&A.

Wilmer Cutler Pickering Hale and Dorr LLP’s London group advises US and UK clients on matters as varied as IP, TMT, human resources, arbitration, competition and aviation. Clients include Longbow Capital LLP and YFM Venture Finance Limited.

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Legal Developments in the UK

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  • Student employees – new restrictions on employment

    On 10 February 2010 a Statement of Changes to the Immigration Rules was laid before Parliament which is due to come into force on 3 March 2010.
    - Penningtons Solicitors LLP
  • Landlord & Tenant Briefing

    Dilapidations in commercial premises – ten points to consider
    - Bircham Dyson Bell LLP
  • Being a helpful Landlord may be a mistake!

    Most landlords and their solicitors try to resist the impulse to be helpful, however, in these recessionary times when landlords are concerned to avoid empty space, there may be the temptation to take shortcuts to ensure a letting proceeds. In circumstances where it is intended that Part II of the Landlord and Tenant Act 1954 (the 1954 Act) should not apply to the tenancy, i.e. that the tenant should not have the benefit of security of tenure, then occupation before the lease has been finalised (and the appropriate ‘contracting-out’ steps taken) is a potentially dangerous step and needs to be taken only when the landlord has fully comprehended the potential consequences.
    - Bircham Dyson Bell LLP
  • New regime for approval of major transport projects set to ‘switch on’

    The Planning Act 2008 (the Act) introduces a new regime designed to speed up the planning and, in turn, the delivery of infrastructure projects of national significance. For transport projects, it is one of the most important pieces of legislation in recent years. The new procedure will have to be used for any third runway at Heathrow, amongst other high-profile projects.
    - Bircham Dyson Bell LLP
  • Divorce and the media: the courts, the pay-outs and the speculation

    The rising divorce rate and some well-publicised settlements running into tens of millions of pounds have focused attention on a growing issue in divorce cases: just how far can spouses go to obtain information about their partner’s financial affairs?
    - Schillings
  • Top ten really useful cases of 2009

    If you want your panel solicitor to‘get off the fence’, need to know when a cause of action accrues or wondered whether the judiciary live in the 21st century, the following cases from 2009 provide some really useful guidance. With professional negligence claims on the increase, whether you are giving or receiving legal advice, the cases discussed below highlight practical points for all legal advisers to be aware of.
    - Bond Pearce LLP
  • The twilight zone: legal issues for directors

    there is no legal definition of the term ‘twilight zone’ (perhaps derived from the cult TV series, the writer would like to think), which is now widely used to describe a period of trading when a company has, or is predicted to have, insufficient cash to pay its debts as they fall due. This might be an immediate cash-flow crisis or the problem might be anticipated many months ahead.
    - Holman Fenwick Willan
  • Cloud computing:key issues for SMEs

    Although many definitions exist, broadly speaking ‘cloud computing’ is the outsourcing of specified IT functions via the internet (the cloud) to provide or receive services that would otherwise only be available if the end user had installed the appropriate hardware and/or software on desktops, or on local networks controlled by that organisation itself. Such services may include the use of software over the internet or remote storage of business data by a third-party provider. One benefit of this is that businesses can structure payment for these services differently (for example pay-as-you-go or on a subscription basis), rather than having to pay large sunk costs for long-term software licences, and the purchase and installation of IT infrastructure necessary to support the services locally.
    - SJ Berwin LLP
  • Commission victorious in ‘regulatory holiday’ action brought against Germany

    On 3 December 2009, following an action brought by the European Commission under article 226 of the EC Treaty (now article 258 of the Treaty on the Functioning of the EU) the European Court of Justice (ECJ) confirmed that Germany had failed to comply with its obligations under the European regulatory framework for telecommunications (the Common Regulatory Framework (CRF)). The ECJ’s judgment in European Commission v Germany [2009] confirms that Germany acted unlawfully by adopting a national law excluding ‘new markets’ from regulation – so called ‘regulatory holidays’.
    - SJ Berwin LLP
  • New Commission

    On Friday 27 November 2009 the new European Commission, which will begin its mandate early in 2010, was announced by Commission President José Barroso. This announcement followed a week after the appointment of Herman Van Rompuy and Catherine Ashton as the President of the European Council and the High Representative of the Union for Foreign Affairs and Security Policy respectively, the two new roles created by the Lisbon Treaty, which entered into force on 1 December 2009.
    - Berwin Leighton Paisner LLP

Press releases

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