Real Estate

Burges Salmon set to cut up to 31 jobs and freeze salaries

By Legal Week | August 24, 2009

Burges Salmon is set to launch its second redundancy consultation this year, with 31 jobs under threat. The firm announced today (24 August) that up to 27 support roles could go following a business services staffing review which began in March. In addition, the firm is also consulting on four fee earner roles in its property practice as a result of the ongoing market slowdown. Both redundancy consultations will formally commence next week.

1 minute read

Mishcons finalises redundancy consultation with 16 staff laid off

By Legal Week | August 11, 2009

Mishcon de Reya has completed its second redundancy consultation with 16 people losing their jobs. The consultation, which concluded in July, has seen eight support staff lose their jobs alongside eight fee earners in the firm's corporate and real estate groups. No salaried partners were affected by the redundancies.

1 minute read

Linklaters real estate partner quits Berlin office

By Legal Week | July 30, 2009

Linklaters is set to lose a partner in Germany as Berlin-based real estate partner Jens Bock quits to join a local firm. Bock is leaving the magic circle firm to join Clifford Chance (CC) spin-off Sammler Usinger, along with M&A counsel Thomas Rieger. The duo will both join Sammler as partners, with Bock making the move on 1 September and Rieger on 1 November.

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Bevan Brittan boosts partner profits by 35% as revenue remains static

By Legal Week | July 16, 2009

Bevan Brittan has seen profits per equity partner (PEP) increase by 35%, the firm announced today (16 July). PEP for 2008-09 stood at £222,000 compared with £164,000 in 2007-08, with the increase coming against a marginal dip in turnover to £41.1m compared to £41.6m the previous year. Overall profits increased by 56% to £8.6m.

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Career Clinic: Do big firms really care about staff development?

By Legal Week | July 16, 2009

"I'm six months qualified, but have more than the usual amount of experience in my chosen area of law. I gained paralegal experience in the public sector, trained at a small firm and then joined an international firm as an NQ. I thought things were going really well - I'd been praised by clients and the partners in my department and had made all my targets. I was even going to extra seminars, helping out with CSR and networking.

1 minute read

Linklaters tops global projects rankings but market plunges in first half of 2009

By Legal Week | July 16, 2009

Linklaters has edged ahead of magic circle rivals Allen & Overy (A&O) and Clifford Chance (CC) to top the global project finance rankings by market share for the first half of 2009. New research from Infrastructure Journal (IJ) shows that the firm leads the global rankings by value for the first six months of this year after scoring roles on 15 deals worth $7.623bn (£4.7bn). The tally gives the firm a market share of just over 5% - marginally ahead of CC.

1 minute read

Nabarro in second redundancy round as profits fall

By Legal Week | July 15, 2009

Nabarro has reported a 9.7% drop in revenue for the 2008-09 financial year while profits per equity partner (PEP) have fallen by 35%. Unaudited figures from the firm show that revenue for the last financial year stood at £126.5m, down from last year's equivalent figure of £140.1m. PEP fell to £375,000, down from last year's equivalent figure of £574,000.

1 minute read

GE appoints CC and Ashurst to Europe adviser roster

By Legal Week | July 2, 2009

General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles, including Clifford Chance and Ashurst. DLA Piper, Weil Gotshal & Manges and Baker & McKenzie are also among the firms appointed to GE's 80-firm roster.

1 minute read

Lovells shakes up property team with sector focus

By Legal Week | July 2, 2009

Lovells has refocused its City real estate practice along sector and work-group lines in a bid to target more profitable instructions while the property markets continue to suffer. Lawyers within the group will now work across 13 different sub-groups, with partners taking responsibility for each area and leading initiatives to win new clients and work.

1 minute read

Addleshaws targets four key sectors for growth in five-year strategy plan

By Legal Week | July 2, 2009

Addleshaw Goddard is to align its business around four key sector groups as part of its new five-year strategy. The national firm has highlighted financial services, public sector, retail and consumer and real estate for growth, with the firm hoping the focus will help strengthen ties with existing clients as well as attracting new clients. The sectors will run alongside Addleshaws' existing four main practice divisions – real estate, contentious and commercial, and finance and projects and corporate.

1 minute read

Daily Business Review

The Next Generation of Attorneys Are Studying Environmental Law

By Raychel Lean | August 29, 2022

"People are coming with that on the top of their list, whereas before we had very few or we had people who got here and then learned about the topic," said one environmental law professor at the University of Miami.

12 minute read

Daily Business Review

South Florida Sea Level Rise in Pictures: Which Communities Are Projected to Flood?

By Raychel Lean | August 29, 2022

Click right on the graphic below to see the extent to which sea level rise is expected to impact buildings across Miami-Dade County.

1 minute read

Daily Business Review

'It's a Big Problem': The Insurance Industry Is the Harbinger of South Florida's Climate Change Risks

By Raychel Lean | August 29, 2022

"If there's a direct-hit Category 5 storm that hits Miami, you're going to see 20 insurance companies go bankrupt and are not going to be able to pay claims. It's become a big problem," said South Florida insurance broker Joseph Gendelman.

12 minute read

Daily Business Review

South Florida's Business Leaders Could Become Global Pioneers in Climate Change Adaptation. Here's How

By Raychel Lean | August 29, 2022

"Can Miami not only rise to the occasion, pardon the pun, to address sea level rise for our own sustainability, but could we in fact become a transformative community that becomes a leader in mitigating these problems for the world?"

9 minute read

Daily Report Online

Troutman Pepper Adds 2 Partners Amid Higher Demand in Real Estate Transactional Practices

By Jacob Polacheck | August 26, 2022

Heath Linsky and Mary Katherine Rawls, who joined Troutman from Morrison & Foerster, said all of their clients will be joining them.

3 minute read

Law.com

AG's Office: Virginia Landlord Ordered to Pay $10K in Restitution to Tenants Who Were Misled About Low-Income Programs

By Allison Dunn | August 26, 2022

"We will not tolerate landlords who take advantage of Virginians seeking affordable housing by violating and ignoring laws designed to protect Virginia consumers," Miyares said in a written statement. "My office is dedicated to protecting vulnerable Virginians from such abusive practices, and we will continue to hold bad actors accountable."

3 minute read

Daily Business Review

Do Condo Associations Benefit From Retaining Multiple Law Firms for Litigation?

By Melea VanOstrand | August 26, 2022

"As long as there are clearly defined roles it's not something that I would perceive as a challenge. It should be collaborative as long as everyone is going in the same direction," said Lauren Fallick, a partner at Miami-based litigation firm Kluger, Kaplan, Silverman, Katzen & Levine.

4 minute read

Texas Lawyer

As Courts Split, Novel Question for 5th Circuit Centers on Quid Pro Quo

By Adolfo Pesquera | August 25, 2022

"Ruel Hamilton gave money to members of the Dallas City Council. He received nothing tangible in return," the Fifth Circuit said.

5 minute read

Daily Business Review

Prison Real Estate Company Accused of Misleading Investors Over Litigation Alleging Immigrant Detainees Paid $1 a Day

By ALM Staff | August 25, 2022

This lawsuit was surfaced on Law.com Radar. Read the complaint here.

1 minute read

Daily Business Review

Miami Voters Deliver Win for Developers as Riverside Wharf's Lease Is Extended 50 Years

By Melea VanOstrand | August 25, 2022

"We are giving the city of Miami more than just a walkable dining and hospitality experience. We are talking about many employment opportunities and neighborhood revitalization," said Alex Mantecon, co-developer of Riverside Wharf and co-founder of Breakwater Hospitality Group.

2 minute read