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Covington continues City white-collar crime hiring with new lateral
Covington & Burling has made a second consecutive anti-corruption lateral hire in London, with Steptoe & Johnson partner David Lorello joining the US firm this week (15 May). Lorello, who made partner at Steptoe in 2010, is US-qualified and focuses on US, UK and European regulatory issues.Irwin Mitchell chair among senior working party advising on contingency fees reform
A working party led by Irwin Mitchell chairman Michael Napier QC has been launched by the Civil Justice Council (CJC) to explore issues surrounding changes to contingency fees set to come into play next year. The 11-member panel, which met for the first time yesterday (17 April), has been asked to consider the conflicting interests regarding damage-based agreements (DBAs) and make any recommendations over regulations that should be introduced.FSA enforcement chief joins PwC as UK GC
PricewaterhouseCoopers (PwC) has hired the Financial Services Authority's (FSA's) former director of enforcement and financial crime, Margaret Cole, as its new UK general counsel. Cole, who will join the accounting giant in the autumn after serving a period of gardening leave, will take over from Owen Jonathan when he retires from the professional services giant in December.Bird & Bird advising group of RBS shareholders on £2.4bn legal action
Bird & Bird is advising a group Royal Bank of Scotland (RBS) shareholders on a £2.4bn lawsuit brought against the bank and a group of former directors including former chief executive Fred Goodwin. The firm is representing the RBoS Shareholders Action Group, which said it is bringing the lawsuit as a "last resort" after the Financial Services Authority (FSA) had failed to help them recover losses incurred by a 2008 rights issue.Herbert Smith set for lead role on multibillion-pound Lloyds lawsuit
Herbert Smith and McGuireWoods are set to take lead roles on a multibillion-pound lawsuit brought against former Lloyds TSB directors for allegedly misleading investors over its merger with Halifax Bank of Scotland (HBOS) in 2008. The case will be launched in the coming weeks, dependent on funding being obtained by the claimants - shareholder group Lloyds Action Now (LAN) - with the action expected to reach trial in the next two years.Firms set to compete for services of outgoing FSA chief Margaret Cole
Margaret Cole's seven-year spell at the Financial Services Authority is set to come to an end next month, with many City partners predicting a lucrative future in private practice for the respected litigator.Norton Rose corporate finance partner quits for Winston & Strawn
Norton Rose is to see a fourth partner leave for a US firm in as many months, with London and Moscow-based corporate finance specialist Andrei Yakovlev set to join Winston & Strawn. Yakovlev has been a partner with Norton Rose since 2007, when he joined the top 10 City firm after a two-month stint at Baker Botts. He had previously worked at legacy Dewey BallantineThe Transfer Window: recent moves including Norton Rose, Orrick, Salans and Gide
Former Slaughter and May partner Lucy Wylde has been appointed as general counsel of the Government's Efficiency and Reform Group (ERG). Wylde left Slaughters in April last year to take up a position as GC of the Asset Protection Agency, which was set up by HM Treasury in the wake of the credit crunch to stabilise financial institutions affected by the downturn.Jones Day and Covington recruit for London white collar crime teams
Jones Day and Covington & Burling have become the latest US law firms to bolster their white collar investigations practices in London, making hires from the Serious Fraud Office (SFO) and Baker Botts respectively. Jones Day is bringing in Glyn Powell, who has headed up the fraud business area at the SFO since 2004.K&L Gates hires Addleshaws partner for City white collar crime launch
K&L Gates has become the latest US firm to launch a white collar crime and criminal defence practice in London, bringing in Addleshaw Goddard business crime specialist Elizabeth Robertson. Robertson has been a partner with Addleshaws since 2007 and was a member of the national firm's fraud and regulatory team until handing in her notice earlier this month. She specialises in international and domestic corporate crime and regulatory investigations, including corruption and financial services enforcement.TRENDING STORIES
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