City lateral hires pick up pace as Baker McKenzie and DWF make moves while Reed Smith expands in the US

City lateral hires pick up pace as Baker McKenzie and DWF make moves while Reed Smith expands in the US

City recruitment kept pace last week as a trio of firms made City hires, led by Baker McKenzie’s corporate hire from Clifford Chance, while Reed Smith made big plays in the US.

Baker McKenzie added to its London bench with the hire of Kathy Honeywood to its energy, mining and industrials practice. Honeywood joins from Magic Circle firm Clifford Chance, bringing experience in M&A transactions, corporate finance and joint ventures.

Baker McKenzie London managing partner Alex Chadwick (pictured) commented: ‘With almost 20 years of M&A experience and strong client relationships, Kathy is well placed to enhance our Corporate EMI practice and to capitalise on the huge opportunities in the energy industry. This plays straight into our strategy of bolstering and growing our key transactional practices in London.’

Meanwhile, London independent Wedlake Bell bolstered its corporate and capital markets practice with two senior hires from Watson Farley & Williams in Nigel Taylor and Martin Thomas. Taylor specialises in private equity transactions, M&A and corporate structuring while Thomas works on IPOs and secondary offerings of equity and debt on the London capital markets.

Martin Arnold, managing partner of Wedlake Bell, said: ‘They will add real value and depth to our thriving corporate and capital markets practice. These appointments reflect the firm’s commitment to growth and the further strengthening of our specialist offering in key sectors to meet client demand.’

DWF also made hires in the City, bolstering its real estate arm with the hire of Andrew Edwards from American firm Greenberg Traurig. Edwards will work with DWF’s regional clients and particularly private equity houses, fund managers, property companies and high net worth individuals.

Elsewhere in the UK, Womble Bond Dickinson (WBD) recruited competition partner Andrij Jurkiw from Mishcon de Reya, where he had been since 2013 and served as head of competition. Jurkiw will join WBD in Bristol, and focuses on UK & EU competition law, with particular experience in food, building materials, pharma and real estate.

Meanwhile in the US, Reed Smith made a spate of hires which brought five new partners to its Washington, Austin and New York offices, all from Norton Rose Fulbright.

In Washington, the firm landed Frederick Robinson and Lesley Reynolds in its litigation practice. Further south in Texas, the firm recruited Ben Koplin and Jeff Layne. Layne has experience in government and internal investigations and related litigation, representing health care and life sciences companies. Koplin, meanwhile, focuses on health care compliance and the regulation of health care providers. The pair’s arrival sees Reed Smith add a new office in Austin.

Rounding off the hires, Reed Smith brought in Cori Goldberg in New York. Goldberg has experience handling Food and Drug Administration (FDA) and regulatory compliance issues, as well as government and internal investigations.

Commenting on all the hires, co-chair of the firm’s life sciences group Scot Hasselman said: ‘This is a fantastic group of lawyers. It will bring together two historical health care and life sciences practices with the accompanying relationships and experience.’

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Taylor Wessing finalises leadership overhaul as litigation chief succeeds veteran managing partner Eyles

Taylor Wessing finalises leadership overhaul as litigation chief succeeds veteran managing partner Eyles

Taylor Wessing has completed its management reshuffle with the election of the law firm’s litigation co-head Shane Gleghorn (pictured) to managing partner.

Gleghorn succeeds veteran managing partner Tim Eyles, who announced in December he would be stepping down days before the 1,000-lawyer firm elected Dominic FitzPatrick as its new senior partner, replacing Adam Marks after six years.

Eyles had been managing partner for nine years and was widely seen as effective at raising the top UK law firm’s profile and driving international expansion. Gleghorn’s election is effective from October on a three-year term.

Gleghorn joined the firm in 2006 and sits on its UK board. Eyles took Taylor Wessing’s helm in 2009 in the middle of a recession, and is credited with hugely expanding its international network and improving its brand. In the UK, the business grew 41% under Eyles’ watch, viewed as a credible performance for a top 50 practice, despite lagging the kind of expansion seen as broad peers such as Osborne Clarke and Fieldfisher.

Growth has also slowed lately. In the year to 30 April 2017, Taylor Wessing saw profit available for division among LLP members fall to £46.9m from £49.9m, despite a small 2% increase in turnover to £129.3m. The firm’s international businesses largely operate under separate profit centres.

Gleghorn’s appointment follows FitzPatrick’s election as senior partner, effective from December last year. Fitzpatrick is a private equity specialist and former head of the firm’s energy group, who has been a partner at the firm for 27 years.

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Bird & Bird Brand Ambassador Blog- George Rickman

Bird & Bird Brand Ambassador Blog- George Rickman

George Rickman, a Campus Brand Ambassador for Bird & Bird, explains why the ambassadorships are a great way to learn about the firm. 

The Application Process

I applied for the campus ambassador role at Bird & Bird because I wanted to gain an insight into a fast-moving city firm, and wanted to help provide the students at my university with the same insight through the events I was able to hold on campus.

The application process was really straightforward; I probably spent more time worrying about it than it actually took to complete – so if you are nervous about applying, then I would definitely say that you should go for it! Essentially, I had to answer a few questions about myself, what I would bring to the role, and what I wanted to gain from the experience, and then conduct a short video interview.

This experience definitely helped me when it came to my vacation scheme applications, because I was already comfortable answering questions on camera, and I knew what was expected of me with regards to the written aspect of the application.

The role and why it’s important

The requirements for the role are really quite fun if you are an outgoing and sociable person! Essentially, it is your job to promote the firm to your fellow students through both social media and on-campus events. For instance, I would use Twitter to inform my followers about upcoming vacation scheme deadlines, and with my fellow ambassadors at the University of Leicester, I hosted a ‘Get To Know The Firm’ evening for prospective applicants.

The evening was a really fun and informal event, where the attendees gained a lot of information about the firm in a genuinely relaxed manner. Many students prefer the casual and friendly ambassadorial events to the more formal ones hosted by some firms, because they don’t feel the same pressure to ‘perform’, and thus gain more from the event as a result. From my experience, this is definitely true of students from a non-law background who are considering applying for the GDL, because they often feel that they are at a disadvantage in the applications process when this is not the case at all.

Undoubtedly, the most valuable aspect of the experience to me was the extent to which it allowed me to engage with the great team at Bird & Bird. It genuinely felt like a partnership where my ideas and thoughts were valued and appreciated, and I was in regular contact with all of the graduate recruitment staff at the firm. Not only did this provide me with a great insight into the inner workings of a top law firm, it also gave me an invaluable opportunity to develop my communication skills, both over video calls and email, which are increasingly vital in the legal sector today.

Although it wasn’t my primary concern when I applied, it is unquestionable that an ambassadorial role will not only provide you with insight and experience, it will also be a huge credit to your CV. It’s so important to think about this when you are still at university, because it will help to differentiate you from other potential Vacation Scheme/Training Contract applicants. Being a campus ambassador demonstrates your desire to work in the legal sector, and exemplifies your enthusiasm for the subject; the fact that you would take the time out of your busy university schedule to work with a law firm is testament to your character, and is looked upon exceptionally favourably by top firms.

My advice!

If I were to offer any final words of advice to prospective campus ambassadors, it would definitely be to just go for it! It really is a great way to gain an insight into the workings of a top law firm, and will be an invaluable asset to your CV for years to come.

Deal watch: Ropes & Gray advise on £1.3bn private equity deal as White & Case and Eversheds score major mandates

Deal watch: Ropes & Gray advise on £1.3bn private equity deal as White & Case and Eversheds score major mandates

Major transactions continue to flow after Ropes & Gray’s London arm acted on the largest-ever UK private equity software buyout while White & Case and Eversheds Sutherland also landed on sizable deals.

Private equity powerhouse Helen Croke led a team from Ropes & Gray advising Intermediate Capital Group (ICG) on a £1.3bn joint partnership investment. The investment, alongside HG Saturn Fund, is in IRIS, a business-critical software provider for the UK accountancy, education and business market.

Ropes & Gray finance partner Alex Robb advised on the debt aspects of the transaction. The same team of Croke and Robb advised ICG in June last year, when the private equity house acquired Visma in a $5.3bn consortium buyout – Europe’s largest-ever software takeover.

Elsewhere, Eversheds has acted for the shareholders of UK engineering company John Guest Holdings on its £687m sale to Australia-based plumbing supplies group Reliance Worldwide Corporation (RWC).

John Guest Holdings is a family-owned company and ranks as one of Europe’s largest suppliers of plastic fittings for the engineering and plumbing sectors.

Eversheds’ team was led by M&A partner Chris Halliday, while support was provided by employment partner Elizabeth Graves, tax partner Ben Jones and real estate partner Iftkhar Ahmed.

Halliday told Legal Business the firm had known the family-owned business for a while. He commented: ‘The time was right to sell. We are seeing a very busy M&A market at the moment with a number of deals closing and in the pipeline. The wider sector is seeing plenty of activity in goods and services so all the drivers for M&A are in place.’

Wrapping up the week, White & Case advised private equity firm CVC Capital Partners on the €1.01bn loan financing of a consortium buyout of Finnish private healthcare provider Mehiläinen.

White & Case’s team acting consisted of private equity partner Martin Forbes and banking partner Justin Wagstaff.

Forbes said the firm had a ‘proven track record advising on both private equity and healthcare transactions’, and the deal ‘will propel Mehiläinen into its next growth phase.’

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Government backs ‘under-funded’ legal AI and data technology with £20m contestable R&D fund

Government backs ‘under-funded’ legal AI and data technology with £20m contestable R&D fund

A £20m government fund for the development of artificial intelligence (AI) and data analysis in law, accounting and insurance is being welcomed as a positive step for what is ‘under-funded and under-thought’ research and development (R&D) in the legal tech space.

Earlier this month, the government launched the fund as part of a wider drive to address challenges through research funding agency UK Research and Innovation and its Innovate UK arm. It is the latest development in the Industrial Strategy Challenge Fund which focuses on improving UK science and business innovation.

As part of this, AI and the data economy is one of the strategy’s four ‘Grand Challenges’: the AI and data challenge is focused on legal services, accountancy and insurance because they are high-value and data-driven.

The £20m is open to both legal tech companies and law firms, and split into a £4m research programme aimed at solving technological challenges in legal services and a £16m programme designed to support research and development in businesses.

In addition, smaller projects can get up £400,000 in funding for more specific developments within a single business, which could include developing new AI driven products within law firms.

Alex Smith, innovation hub manager at Reed Smith, welcomes the initiative, saying: ‘Research and development is under-funded and under-thought in the legal tech space. If it’s about how AI can fix the legal ecosystem rather than how we can make money out of commercial law, then it’s a good thing.’

Smith believes innovation in the legal industry does not require a close proximity to law, adding: ‘People say “the Government doesn’t understand what lawyers need”, but they can do it. If you have the right people, structures and professionals, it won’t be a problem. Legal doesn’t even know what its needs are.’

As part of the programme, a series of briefing events are being held throughout the UK in June, covering London, Manchester, Cardiff, Edinburgh and Belfast.

The fund is an alternative to some of the accelerator and incubator style models at law firms, such as Mishcon De Reya’s MDR LAB or Allen & Overy’s Fuse.

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News round-up, 23 May

News round-up, 23 May

Need help with commercial awareness? The Lex 100 rounds up some interesting news stories from around the web.

1. Google sued by Apple iPhone users for collecting their personal data [via The Week]

2. Smart traffic lights which always turn green to be trialled on Britain’s roads [via The Telegraph]

3. Marks & Spencer to close 100-plus stores by 2022 in ‘radical’ plan [via The Guardian]

4. Mum convicted of tricking daughter, 17, into marrying older man [via Sky News]

5. Sony to pay £1.7bn for control of EMI Music Publishing [via Sky News]

6. Who is to blame for ‘self-driving car’ deaths? [via BBC News]

Looking east: Linklaters gets long-awaited Shanghai approval as CMS launches Hong Kong association

Looking east: Linklaters gets long-awaited Shanghai approval as CMS launches Hong Kong association

Linklaters and CMS Cameron McKenna Nabarro Olswang have shown Asia is still high on the agenda of global law firms after each made moves to expand their presence in the region.

The Magic Circle firm announced today (21 May) its lawyers will be able to practise local law in the Shanghai Free Trade Zone (FTZ) through a joint operations agreement with local firm Zhao Sheng. FTZ rules allow international players to tie-up with domestic firms and practise local law.

The announcement has been on the cards for some time after the two firms formed a ‘best friends’ alliance in April last year, which saw three partners and 16 lawyers move from Linklaters to Zhao Sheng.

‘Market shifts indicate that outbound work and high-end domestic transactions will become ever more important for our business,’ said Linklaters head of China William Liu. ‘The joint operations will help us to protect our competitive advantage both in China and globally.’

Other firms to have entered the FTZ include Hogan Lovells, through its association with Fidelity Law in October 2016 and Baker McKenzie, which a year earlier became the first international firm to launch a joint office in the area with Beijing firm FenXun Partners. Holman Fenwick Willan, meanwhile, formalised a local partnership with Wintell & Co in April 2016.

The move follows CMS announcing last Friday (18 May) it had formed an alliance with Hong Kong firm Shirley Lau & Co, again with a view to practice local law.

CMS partner Tim Elliott will move across to the newly established firm to become its office managing director alongside three other lawyers. The firm was launched by former Troutman Sanders M&A veteran partner Shirley Lau, who brought a six-strong corporate and litigation team with him from the US firm’s local operations.

CMS Hong Kong managing partner Nicolas Wiegand said: ‘Since our launch in 2016, we have been steadily growing the team and developing our practice in a number of strategic areas including dispute resolution, particularly international arbitration, banking and finance, as well as energy.’

Hong Kong made legal headlines recently as the location of Slaughter and May’s third ever lateral hire. In April, the Magic Circle firm recruited former Hong Kong Securities and Futures Commission director of enforcement Wynne Mok to its investigations and litigation team.

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CMS, Fieldfisher and NRF among firms awarded spots on social housing regulator’s panel amid regime shake-up

CMS, Fieldfisher and NRF among firms awarded spots on social housing regulator’s panel amid regime shake-up

CMS Cameron McKenna Nabarro Olswang, Norton Rose Fulbright (NRF) and Fieldfisher have been appointed to the Regulator of Social Housing’s (RSH) inaugural legal panel.

Trowers & Hamlins, Devonshires and Mills & Reeve will also be in the roster of firms advising the government body, announced 18 May, for a four-year term.

The RSH started life in January, when the Homes and Communities Agency branched into a development and regulatory entity as the government tried to expedite the delivery of affordable housing.

The new entity, Homes England, will work on the delivery side, while the RSH will assist on commercial law and regulation, as well as a new special administration regime for social housing providers.

Under the new regime, if a registered provider is insolvent the administrator will try to keep its assets for use in the social housing sector.

Fieldfisher and Devonshires will advise specifically on regulatory, corporate and financial law, while CMS and NRF will work on insolvency and special administration law, with the other firms on the panel advising on both.

‘As a firm, we have extensive experience of advising on special administrations and in the social housing sector, and we look forward to deploying this in helping RSH,’ said CMS’ Glen Flannery, member of Restructuring Team of the Year at the latest Legal Business Awards. The firm’s real estate partner Candice Blackwood will also be part of the team advising the RSH.

This is the second panel appointment this week for Fieldfisher, which was among a group of seven firms appointed by Co-Op on Monday (14 May) to work alongside primary advised Allen & Overy.

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BCLP unveils foray into legal tech start-up scene with contract negotiation platform

BCLP unveils foray into legal tech start-up scene with contract negotiation platform

Newly merged Bryan Cave Leighton Paisner (BCLP) has launched a ‘home-grown’ legal tech start-up which produces a non-disclosure agreement (NDA) for £5.

The online contracting tool, called Swiftagree, is the firm’s first technology product launch following its April merger, and is said to precede a number of other offerings it will launch this year. BCLP partner Barry Gross and the firm’s legal technologist Bruce Braude developed the concept.

Swiftagree aims aim to increase the efficiency of contract procedures by ensuring parties need only agree on negotiable points of a contract before finalising the negotiation through the platform. It is focused on English law contracts, though is expected to scale to contracts governed by US law.

The firm claim the start-up will ensure a contract is unbiased, and reduce the adversarial nature of traditional contract negotiations as only a few key terms are up for negotiation. The cost is unspecified for broader agreements, but an NDA is £5.

Braude commented on the launch: ‘Swiftagree combines legal and technology trends to create a proposition that delivers material benefits to clients. We believe there is significant potential to further broaden its application and technology capabilities as we progress.’

The start-up will be based internally with a team working within the firm, however external assistance has been given by Surely Group, a provider of technology platforms. Gross believes developing the start-up differs from incubation models seen at other firms, which focus on including third party companies within a law firm’s space.

Gross told Legal Business the firm had been working on the tool for months: ‘This a home-grown BCLP concept. As is always the case with software development, it takes a bit of time.’

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Kirkland & Ellis boosts LPC grant to £10,000

Kirkland & Ellis boosts LPC grant to £10,000

US heavyweight Kirkland & Ellis has upped its Legal Practice Course (LPC) maintenance grant to £10,000 for incoming London-based trainees.

From July 2018, new joiners to the firm will benefit from an additional £2,000 to their maintenance account – a 25% increase from the £8,000 trainees from previous cohorts were given to cover living expenses.

Those receiving the increased sum will have to complete an accelerated version of the LPC at The University of Law and conclude the course in seven months.

Kirkland & Ellis now joins large firms including Allen & Overy, Hogan Lovells and Slaughter and May who similarly boosted their LPC grant to five figures earlier this year.