Ashurst celebrates the ‘First 100 Years of Women in Law’

International law firm Ashurst marks the centenary of women in law, in support of the First 100 Years initiative, with a photomosaic portrait of Ada Evans, the first Australian woman to graduate with a Bachelor of Laws.

The First 100 Years is an inspirational history project, supported by the Law Society of NSW and Women Lawyers Association of NSW, charting the journey of women in law since enactment of enabling legislation throughout Australia in the early 1900s.

This year marks the 100th anniversary of the Women’s Legal Status Act 1918 (NSW) which allowed women to practise as lawyers and to stand for parliament for the first time in NSW. Laws were changing throughout Australia from the early 1900s onwards. Victoria was the first state to allow women to practice law in 1903, with other states following soon after.

Commenting on the project and the launch of the photomosaic, Ashurst partner Sarah Dulhunty said:

“We are delighted to have partnered with the First 100 Years project team on this initiative to recognise and celebrate the contribution women have made to the legal profession. The photomosaic initiative has been a great way to mark this significant centenary and reflects our continued support for progressing gender equality within the profession. Thank you to all our staff, clients and affiliates who participated in this fantastic initiative.”

White Case advises JBIC on loan for acquisition of Shire plc

Global law firm White & Case LLP has advised the Japan Bank for International Cooperation (JBIC) in relation to its loan agreement with Takeda Pharmaceutical Company Limited (Takeda), amounting up to US$3.7 billion (JBIC’s portion), to finance part of the funds required for acquiring Shire plc (Shire) in Ireland.

The total amount required for acquisition is approximately £46 billion. The loan is co-financed by private financial institutions, bringing the total co-financing amount to US$15.7 billion equivalent. The loan supports the overseas business deployment of Takeda by providing necessary long-term foreign currency funds for M&A by the Japanese company, assisting its overseas expansion of existing business, as well as new business deployment, and contributing to maintaining and strengthening the international competitiveness of Japanese industries.

Through the acquisition of Shire, Takeda aims to strengthen two focus areas – gastroenterology and neuroscience – as well as establishing a leading position in pharmaceuticals for rare diseases and plasma-derived therapies, which can accelerate transformation to a global R&D-driven pharmaceutical company headquartered in Japan. In addition, Shire has a large sales proportion in the US market, which is the largest market in the world and projected to continue to grow at a high rate. The acquisition will therefore drive further growth overseas and is expected to make Takeda one of the top ten pharmaceutical companies in the world based on sales.

The White & Case team which advised on the transaction was led by partners Toshio Dokei and Simon Collins (both Tokyo), and included partners Philip Broke and Jacqueline Evans (both London), supported by associates Keisuke Nishimura (Tokyo) and Christopher Beardmore (London).

London City

White & Case’s London rampage continues with finance hire

White & Case has continued its hiring spree in the City, this time calling in Taylor Wessing’s financial services regulatory head Jonathan Rogers. This is the first US firm Rogers has worked at, having spent 10 years at Taylor Wessing, and seven years as an associate at Hogan Lovells before that.

Mayer-Brown

Mayer Brown’s global promotions hit seven-year high

Mayer Brown is to make up 34 lawyers to partner next year, its highest global round since 2012 when 39 promotions took effect.

Four City partners have been made up; employment lawyer Giles Bywater, banking and finance lawyer Merryn Craske and litigators James Morris and James Whitaker. Morris trained at Nabarro and Craske at Baker McKenzie, with the other two being Mayer Brown lifers.

Elsewhere, the firm promoted five lawyers in Hong Kong – the most since 2011 – and six in Washington, DC, a 12-year high.

Last year Mayer Brown also made up four partners in the City, halting a five-year run when no more than two UK lawyers were promoted at once.

mayer-brown-promotions-2019

Mayer Brown partner promotions 2019: in full

Europe

  • Giles Bywater, employment, London
  • Merryn Craske, banking & finance, London
  • James Morris, dispute resolution, London
  • James Whitaker, dispute resolution, London
  • Maud Bischoff, real estate, Paris
  • Régine Goury, employment, Paris

USA

  • Marina Aronchik, corporate, Chicago
  • Christopher Chubb, banking & finance, Chicago
  • Aaron Gavant, restructuring, Chicago
  • Jennifer Kratochvil, banking & finance, Chicago
  • Marjorie Margolies, tax controversy, Chicago
  • Richard Nowak, dispute resolution, Chicago
  • Claire Gibson Ragen, corporate, Chicago
  • Stephanie Vasconcellos, employment, Chicago
  • Michael Word, intellectual property, Chicago
  • Joaquin M. C de Baca, restructuring, New York
  • Colin Carley, corporate, New York
  • Geoffrey Collins, tax controversy, New York
  • Michael Rayfield, dispute resolution, New York
  • Michael Weiss, real estate, New York
  • Peter Wolf, corporate, Northern California
  • James “Tripp” Fussell III, intellectual property, Washington DC
  • Daniel Jones, dispute resolution, Washington DC
  • Justin Ilhwan Park, dispute resolution, Washington DC
  • Oral Pottinger, dispute resolution, Washington DC
  • Tori Shinohara, financial services regulatory & enforcement, Washington DC
  • Jad Taha, corporate, Washington DC

Asia

  • Pheona S.Y. Chow, real estate, Hong Kong
  • Cindy W.S. Kao, corporate, Hong Kong
  • Alvin L.Y. Yeung, real estate, Hong Kong
  • Vivien S.K. Yip, dispute resolution, Hong Kong
  • Dion K.Y. Yu, banking & finance, Hong Kong

South America

  • Thais Bandeira de Mello Rodrigues, tax, Rio de Janeiro
  • Débora H. Yanasse, corporate, Rio de Janeiro

Fellow US firm Pillsbury also announced its promotions this morning, with one London lawyer made up: data protection, IP and international trade specialist Steven Farmer. He joins 12 other colleagues, all US-based, who have joined Pillsbury’s partner ranks

Pillsbury partner promotions 2019: in full

  • Steven Farmer, global sourcing & technology transactions, London
  • Brian Nash, intellectual property, Austin
  • Gurpreet Bal, corporate, Silicon Valley
  • William Fork, Energy, Washington, DC
  • Alexander Ginsberg, government contracts & disputes, Northern Virginia
  • Matthew Jeweler, dispute resolution, Washington, DC
  • Breann Robowski, tax, Silicon Valley
  • Aryeh Kaplan, dispute resolution, Miami
  • Jessica Lutrin, executive compensation & benefits, New York
  • Melissa Jones-Prus, finance, New York
  • Ngai Zhang, intellectual property, Northern Virginia
  • Meighan O’Reardon, global sourcing & technology transactions, Washington DC
  • Craig Saperstein, public policy, Washington DC
Japan

William Fry takes on new pensions head from Eversheds

William Fry has appointed a new head of pensions, taking partner Ian Devlin from Eversheds Sutherland.

Ian Devlin

Devlin had been at the Dublin office of Eversheds for 18 years, having trained at the firm at the turn of the Millennium.

At Eversheds, he advised employers, pension scheme trustees and pension providers on pension issues. He was formerly a chairman of the Association of Pension Lawyers in Ireland and is currently a member of the DC sub-committee of the Irish Association of Pension Funds.

Devlin replaces William Fry’s former head of pensions, Liam Connellan who has since become head of pensions at ByrneWallace.

Spotlight on Dublin

Brexit has created fresh business opportunities for Irish law firms. In April 2015, William Fry moved to what is dubbed Dublin’s “Silicon Docks”, a formerly derelict area within the Grand Canal Dock. During the green pastures of Ireland’s economic uptick, the area has ripened from a flood of tech employees, including the European headquarters of Google, Facebook and Airbnb.

Barclays, Bank of America, Citigroup and JPMorgan are among the financial institutions that also plan to establish or expand their Irish operations.

Last year, it was announced that Trinity College Dublin is planning to build a technology-focused campus at at the Grand Canal Dock as part of €1bn plans to develop the area as an “innovation district”. The initiative aims to make Dublin ranked among the top 20 most innovative cities in the world by 2030.

One of the key events that rocked Ireland’s legal market in 2017 was the opening of several new offices by international law firms in Ireland, and in particular Dublin. With Brexit looming, firms in the UK have directed their gaze towards Ireland.

The first of the pack to set up shop was Dechert, which launched its Dublin office in July 2010 with the hire of William Fry Declan O’Sullivan.

In May this year, DLA Piper finally confirmed its launch in Dublin, taking on William Fry partner David Carthy. Its launch came hot on the heels of Simmons & Simmons, which officially opened its office the same month.

In June 2017, Pinsent Masons became the first UK firm to announce its plan to launch an office in Dublin since the UK’s Brexit vote, taking on a three partner team from Walkers. Lewis Silkin and US firm Covington & Burling followed shortly after.

Eversheds’ Belfast operation is currently undergoing a period of growth. In August, it released plans to double its headcount to 30 by 2020, with a focus on litigation, real estate, employment and banking. Having originally set up as a satellite office 2015 with just six employees, it now has 15 employees including three partners.

The firm’s Dublin office currently employs 275 people including 34 partners.

It entered the Irish market back in 2005 through an alliance with legacy Irish firm O’Donnell Sweeney. In 2011, the firm, which was known as Eversheds O’Donnell Sweeney, rebranded and dropped O’Donnell Sweeney from its name.

DHH launches a presence in Seattle (双语)

The Opening Ceremony of Beijing DHH Law Firm Seattle Office was held at the Safeco Plaza Building on 4th Avenue in downtown Seattle, which witnessed the establishment of the 47th office of Deheng Law Group as well as the 9th overseas office.

On the opening ceremony, the Seattle office of Beijing DHH Law Firm and DHH Washington D.C. Law Office held the seminar on the recognition and enforcement of U.S. judgments in China, and Chinese judgments in the U.S., as well as on the parallel litigation.

Beijing DHH Law Firm and DHH Washington D.C. Office co-launched the Seattle Initiative calling for both sides to make more efforts to stop any malicious flight of debts and transfer to abroad.

Hufriz Wadia and Suharsh Sinha promoted as partners by AZB Mumbai

AZB & Partners has promoted banking counsel Hufriz Wadia and insolvency consultant Suharsh Sinha as partners in its Mumbai office.

Wadia had joined AZB around a year ago as a counsel from Kochhar & Co in Chennai.

The 2002 KC Law College graduate had worked in Dubai as a banking lawyer at law firm Al Tamimi & Co for five years, before returning to India, joining Juris Corp in Chennai. In January 2014, she had joined Kochhar in Chennai.

Sinha has been with AZB as a consultant since September 2016, having joined from the Reserve Bank of India and the Bankruptcy Law Reform Committee (BLRC), for both of which he’d been working as a consultant for a year.

The NLSIU Bangalore graduate, who also holds a masters in in law and finance from Oxford University (2014-15), an Wharton Business and Law LLM from the University of Pennsylvania (2011-12), and has completed an Indian School of bridge programme in business (2008).

Between 2008 and 2009, he had worked at McKinsey & Co as a business analyst, followed by more than five years at Linklaters in London until 2014.

Their promotions took effect on 1 October 2018.

In April, AZB’s Delhi partnership promoted five to partner, while in March 2018, AZB Mumbai promoted a total of four.

Addleshaws Scots private client team breaks away to join local firm

Ten-strong team leaves Edinburgh firm Morton Fraser

 

 

 

 

 

 

 

 

 

 

Addleshaw Goddard has cut ties with its 10-strong Edinburgh private client team, with the two-partner-led team leaving to join Scots firm Morton Fraser.

Addleshaws private capital head Gregor Mitchell leads the exit, and is joined by legal director Euan Fleming, alongside a team of support staff, including solicitors, consultants, paralegals and executive assistants.

Costs mount as KWM administration rumbles on

Progress report from administrators of KWM’s former European arm reveals payments made to advisers in last six months

 

 

 

 

 

 

 

 

 

 

The latest progress report from the administrators of King & Wood Mallesons’ (KWM) former European arm has revealed the payments made to advisers in the last six months, as the winding up of the collapsed firm continues.

The report reveals that administrator Quantuma received £113,830 for its work on wrapping up the firm’s limited liability partnership and its employee holding services company during the period from 17 January to 16 June this year.

DLA Piper offloads stake in ALSP to Big Four accounting firm EY

The Big Four’s march into Big Law territory continues as accounting giant EY has taken over Riverview Law, an alternative legal services provider backed financially by DLA Piper.

EY’s acquisition of Riverview Law means DLA Piper has offloaded its stake in the ALSP, which focuses on fixed-fee, process-driven work through managed services, legal operations and technology offerings.

The Big Four accounting firm said that the purchase—which will create a new company called EY Riverview Law—will help it to provide a more efficient service to clients by improving transparency and reducing the costs of routine legal activities.

“Legal managed services is one of the fastest growing segments of the legal market,” said Cornelius Grossmann, EY’s global law leader. “This acquisition underlines the position of EY as a leading disruptor of legal services; it will provide a springboard for current EY legal managed services offerings and bolster the capabilities that we can help deliver for EY clients.”

“We recognise the expertise that Riverview Law has in this growing market area, which when married with the global EY footprint and legal understanding will help drive significant opportunities for EY clients.”

Riverview launched in 2012 with financial backing from DLA Piper, which initially took a 21 percent stake in Riverview’s parent company, LawVest. That ownership stake has reduced over time to 14 percent.

A number of senior DLA Piper partners also had personal investments in LawVest, including former joint CEO and managing partner Sir Nigel Knowles—now chairman at DWF—who is non-executive chair of Riverview and held shares amounting to a 0.9 percent stake in the business. Those partners have now also sold their shares as part of the deal, The American Lawyer affiliate Legal Week has reported.

A DLA Piper spokesperson said “We can confirm that the firm has sold its minority shareholding in Riverview Law and we wish them every success in their next venture.”

DLA has, however, retained a small stake in Kim Technologies, an artificial intelligence platform that was acquired by Riverview in 2015 but demerged from the company in September 2017.

Chris Price, EY’s global head of alliances for tax, led the team advising on the Riverview acquisition and will become CEO of EY Riverview Law once the transaction is complete, which is expected to take place at the end of August.

A Manchester-based Fieldfisher team, led by corporate partner Tom Ward, advised EY on cross-sector issues across Fieldfisher’s technology and outsourcing teams alongside the rest of its M&A team. Technology partner Sam Jardine advised on technology and software matters, with Ward being supported by corporate solicitor Rachel Leigh and tax and structuring counsel Andrew Loan, who led on tax matters.

EY now has more than 2,200 legal practitioners in member firms across 81 jurisdictions. The accountancy giant has recruited a number of partners from private practice competitors in recent years, including former Addleshaw Goddard managing partner Paul Devitt and corporate head Philip Goodstone, who now serves as head of law for the UK and Ireland.

The news comes after Deloitte last month became the final member of the Big Four to receive an alternative business structure license, as the accountancy giants continue to make inroads into the legal services market. Deloitte’s UK arm also recently agreed to an alliance with US immigration firm Berry Appleman & Leiden, a deal that has seen it acquire the law firm’s operations outside of the United States.