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Bar Council apologises over 64 per cent tenancy stat gaffe

The Bar Council has issued an apology over its Bar Barometer report, released this week, which erroneously stated that the number of new tenancies had fallen by 64 per cent in a single year. The 2014 version of the annual report surveys the Bar and BPTC students on a number of factors including ethnicity and…

Herbies launches Australian secondment scheme

Herbert Smith Freehills will extend its international secondment network to cover its Australian offices, allowing trainees in London and Hong Kong to visit the jurisdiction. The firm will also start seconding young Australian lawyers to its other offices. Large London player Herbert Smith merged with Australian firm Freehills in October 2012 to create a firm…

Current status of temporary capital restrictions in the Cyprus banking system

Cyprus continues to implement a series of temporary capital restrictions measures, with the aim to support the banking sector and safeguard the stability of the Cypriot banking system. The temporary Cyprus restrictive measures were implemented through decrees issued by the Minister of Finance pursuant to the provisions of the Restrictive Measures on Transactions in case…

Patton Boggs vows to defend 'below the belt' claims from US giant Chevron

Washington lobbying firm Patton Boggs is facing a legal battle against oil giant Chevron following a US court ruling that the New York court had jurisdiction to hear fraud claims being pursued against the firm. On Monday US District Judge lewis Kaplan has said he had “difficulties” with Patton Boggs’ argument that the New York…

Eversheds' German ally launches in Berlin as full merger mooted

Eversheds’ German arm Heisse Kursawe Eversheds has launched a Berlin office, ahead of a possible full merger between the firms. The new office will be headed by employment partner Stefan Kursawe and will cover all areas of commercial law, particularly public law, procurement and real estate. It will be staffed by around 10 lawyers, a…

African in-house market set for rapid expansion, predict GCs

In-house counsel in African companies are quickly gaining prominence and control over their businesses’ legal function, The Lawyer research has shown. General counsel at major African organisations believe that like their counterparts in the UK and US, they are increasingly able to control their legal spend and bring work in-house. ”Across the board, in-house teams…

DLA and Freshfields among firms advising on £600m Mersey Gateway Project

DLA Piper, Ashurst, Freshfields Bruckhaus Deringer and Allen & Overy are among the firms to have advised on the construction of a new six-lane toll bridge over the Mersey. The project, which will connect the towns of Runcorn and Widnes, is believed to be worth in the region of £600m. Having kicked off almost a…

Eversheds beefs up Africa presence with Morocco bases

Eversheds is formalising a three-year cooperation agreement to launch two offices in Morocco. The firm is opening in Casablanca and Tangier through a tie-up with associated firm CWA, run by former Eversheds associate Mohamed Oulkhouir. The offices will be known as Eversheds CWA Morocco and will be led by Oulkhouir as managing partner. The firm…

Linklaters PE associates offered £40K golden handshake by White & Case

White & Case offered Linklaters private equity (PE) associates up to £40,000 in ’golden hellos’ to join star PE partners Richard Youle and Ian Bagshaw when they quit the magic circle firm. The US firm attempted to lure away up to 10 associates with hefty sign-up fees in a bid to build up its London…

Clifford Chance names banking partner Abraham as new Middle East head

Clifford Chance has named banking and finance partner Robin Abraham as new Middle East managing partner to replace current head Graham Lovett. Abraham will start his four-year term on 1 May after a regional partner vote. He will take over from Lovett, who continues as regional head of litigation and dispute resolution. Abraham won a…