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Dispute Resolution
Stories and digests covering a variety of angles to ADR, whether on key issues of law or notable parties
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Tony Allen: Commercial mediation US-style is another country
By Legal Week | June 18, 2009
Returning from the American Bar Association dispute resolution conference I was struck by how simple life seems here by comparison. It came as a shock to hear a mediator in her forties confide that she had done 3,200 mediations. I calculate that this means most days she mediates around eight disputes. That is not commercial mediation as we know it in the UK.
1 minute read
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Cobbetts records 16% decrease in fee income for financial year
By Legal Week | June 16, 2009
National firm Cobbetts has posted a 16% drop in fee income for the last financial year. The firm saw fee income fall to £48.5m for 2008-09 from £58m the previous year, a dip of 16.3%.
1 minute read
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Hammonds partners complete sale of debt litigation spin-off Drydens
By Legal Week | June 16, 2009
Hammonds' partnership has completed the multimillion-pound sell-off of debt litigation practice Drydens. Drydens, which was set up in 1984 as a unit within Hammonds and spun off in 2003 as a separate law firm headed up by former Hammonds assistant Rachael Charmbury, has been sold to insolvency practitioner Philip Holden for several millions of pounds. The sale was completed last week (12 June) after the business - which turns over approximately £7m a year - was put up for sale in February.
1 minute read
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Kennedys set to break into UK top 50 with 30% revenue rise
By Legal Week | June 15, 2009
Commercial litigation specialist firm Kennedys looks set to have propelled itself into the UK's top 50 law firms, posting a 30% increase in revenue for 2008-09. The firm's revenue reached £67.3m during the last financial year compared to the previous year's total of £51.5m. Meanwhile, profits per equity partner increased by almost 17% to £350,000, from a mark of £300,000 in 2007-08. The vast chunk of the firm's revenue came from the firm's litigation practice, which accounted for £58.3m of total revenue. London made up £53.2m of turnover, while Asia contributed £13.4m.
1 minute read
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Stephenson Harwood records flat turnover and PEP for 2008-09
By Legal Week | June 15, 2009
Stephenson Harwood has held firm against the recession, posting flat turnover of £85.1m for the 2008-09 financial year. Profits per equity partner (PEP) dipped marginally by 1.6% to £610,000 from £620,000. Over the last five years the firm's PEP has grown from £280,000 to £610,000, representing a 54% increase over the period.
1 minute read
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Appleby secures Isle of Man launch with local merger deal
By Legal Week | June 15, 2009
Appleby has become the first global offshore firm to launch an office on the Isle of Man with a merger with local firm Dickinson Cruickshank. The tie-up, set to go live on 1 October, will gift Appleby an additional 38 lawyers, including 11 partners, taking its total partnership to 73 across its nine offices.
1 minute read
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Eversheds secures Tyco-style mandate from Smiths Group
By Legal Week | June 11, 2009
Eversheds has been appointed as the preferred legal adviser for technology company Smiths Group in Europe, the Middle East and Africa. The law firm will provide commercial, litigation, employment, real estate and company secretarial advice across the region, with London-based head of international litigation and dispute management John Heaps acting as the relationship partner to Smiths. Eversheds will use its global account management system - first developed for its relationship with Tyco - with the London Stock Exchange-listed Smiths.
1 minute read
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Freshfields Olympic team gets on track as work gathers pace for 2012 Games
By Legal Week | June 10, 2009
Freshfields Bruckhaus Deringer has stepped up its involvement in the London 2012 Olympics, with dispute resolution partner Raj Parker playing a hands-on role in drafting anti-doping regulations for the Games. Parker is one of a number of Freshfields partners to get involved since the firm was appointed as the official law firm to the Olympics at the beginning of February by the London Organising Committee of the Olympic and Paralympic Games (LOCOG).
1 minute read
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CC litigation trio join Gibson Dunn in New York
By Legal Week | June 10, 2009
Gibson Dunn & Crutcher has hired two litigation partners from Clifford Chance's (CC's) New York office, including the magic circle firm's former global litigation head Mark Kirsch. The firm has recruited Kirsch and fellow partner Joel Cohen, with CC counsel Christopher Joralemon also joining as a partner.
1 minute read
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Senior legal figures join forces with accountants for mediation group
By Mark Goddard | June 9, 2009
Lord Woolf and Cherie Booth QC are heading up a scheme in association with the Institute of Chartered Accountants in England and Wales (ICAEW) which will see accountants and lawyers mediating alongside each other. The ICAEW has put together a group of senior lawyers and accountants who will work together to advise on high-value business disputes for FTSE 250-level companies.
1 minute read
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