Dentons hires high profile energy partner Charles July and Eversheds’ banking partner Michael Wainwright

Increased optimism within the business sector at the start of 2014 is being reflected in a flurry of lateral hires as high profile energy partner Charles July joins Dentons as a partner in the energy, infrastructure and project finance City practice.

July joins from Watson, Farley & Williams, where he was head of the firm’s projects, commodities and export finance group in London. He joined the firm as a partner in May 2010, before which he was at Magic Circle firm Freshfields Bruckhaus Deringer for 28 years, latterly heading the energy and infrastructure group for the Middle East and North Africa region. He also led the firm’s Abu Dhabi launch in 2008, and was former head of the firm’s Asia project finance practice as well as Singapore office head between 1992 and 1998. Continue reading “Dentons hires high profile energy partner Charles July and Eversheds’ banking partner Michael Wainwright”

High energy – Bracewell & Giuliani continues City push with CC partner hire

With shale gas emerging as one of the most touted new markets for advisers, one of the leading US players in the sector this week continued its well-publicised City push with Bracewell & Giuliani recruiting Clifford Chance (CC) energy and construction partner Tracy London.

The appointment is the eighth senior London hire this year for the 485-lawyer Bracewell, which is best known in the US for its energy work and the addition of former New York mayor and US presidential candidate Rudolph Giuliani (pictured) as a name partner in 2005.

Continue reading “High energy – Bracewell & Giuliani continues City push with CC partner hire”

Going nuclear – Herbert Smith advises EDF on £16bn power plant deal

The UK government’s game-changing decision to build the first nuclear power plant for a generation has seen Herbert Smith Freehills advise longstanding client EDF Energy on the deal.

The £16bn agreement to build two European pressurised reactors at the Hinkley Point C site in Somerset is the culmination of two and a half years of negotiations between the two parties and Julia Pyke (pictured), a Herbert Smith partner and co-head of the firm’s nuclear group, told Legal Business ‘It has been immensely satisfying to reach this milestone. Continue reading “Going nuclear – Herbert Smith advises EDF on £16bn power plant deal”

The $6.4trn question – as legal advisers jostle for position, can shale gas live up to the hype?

Jaishree Kalia assesses the big hopes and big risks facing the emerging shale gas industry

Every few years a new sector or niche comes along that promises huge opportunities for law firms that can tactically position themselves. Such hyped sectors often turn out to disappoint, but there is no doubt that the shale gas industry has become the latest – and hottest – touted market.

It’s not hard to see why interest has been piqued. In a little over a decade, shale gas has transformed the energy dynamics of the world’s largest economy, now constituting over 20% of US energy production. Having turned the US into an energy exporter, it is expected to exceed 40% of US energy output by 2035. Continue reading “The $6.4trn question – as legal advisers jostle for position, can shale gas live up to the hype?”

Texan draw: Dentons opens in Houston as shale gas draws players in

Partly thanks to the shale gas energy phenomenon Texas has become one of the most attractive markets in the US and it is little surprise that Dentons yesterday (24 September) announced it is to open in Houston.

Home to energy giants Baker Botts, Vinson & Elkins and Jones Day, the widening draw of Houston was affirmed in 2010 when Latham & Watkins opened an office with the hire of lawyers from Baker Botts and Akin Gump Strauss Hauer & Feld, including former energy head Michael Dillard. In 2011 Norton Rose was reportedly looking at the region: that ambition was achieved this year with its merger with Houston-founded leading energy firm Fulbright & Jaworski. Continue reading “Texan draw: Dentons opens in Houston as shale gas draws players in”

Reappointing and renewables – the newly-merged Norton Rose Fulbright and Bond Dickinson in again on Crown Estate energy panel

Norton Rose Fulbright and Bond Dickinson have been reappointed to the Crown Estate’s energy and infrastructure panel in what will be regarded as an important win for both law firms.

The Crown Estate said that the move ‘consolidated legal advice across an extremely diverse portfolio’, cutting the body’s previous specialist panel from five to two advisers after a competitive tender process. The appointments will be considered as trophy roles for both firms, in particular underlining their credentials in the renewable energy sector, which remains a coveted area for advisers despite protracted challenges in Europe’s sustainable energy sector. Continue reading “Reappointing and renewables – the newly-merged Norton Rose Fulbright and Bond Dickinson in again on Crown Estate energy panel”

Can you be sure of Shell? Coveted oil giant unveils new panel

Eleven firms, including Allen & Overy (A&O) and Baker & McKenzie, have been successful in winning a place on Shell’s new global legal panel, which was unveiled yesterday (22 May).

The tender, which kicked off in March, went out to 357 firms in 20 jurisdictions. The aim, according to legal director Peter Rees QC, was to find between two and five suitable firms for each practice area in each jurisdiction who would then be ‘pre-qualified’ for Shell legal work and who would compete with each other for significant mandates. Continue reading “Can you be sure of Shell? Coveted oil giant unveils new panel”

Andrew Carr – Sellafield

Andrew Carr

Head of legal services

Sellafield

 

Andrew Carr is modest about the pressures of being one of the most high-profile general counsel in the country, but few industries have experienced the dramatic swings and roundabouts of the nuclear sector. It is important for Carr that external counsel understand the unique demands of the industry.

Continue reading “Andrew Carr – Sellafield”

Russia: pipelines east

legal-business-default

The Russian legal market can be an unpredictable beast. A history of interfering politicians, corruption and debt crises, both internal and external, have meant that since the collapse of the Soviet Union, law firms in Moscow have struggled to maintain a steady grasp on just what might be around the corner. Despite all the variables, however, there is one constant, and that is the energy and natural resources sector, which dominates Russia’s foreign exports – in 2011 oil and gas revenues accounted for 10.4% of Russia’s GDP (up from 7.6% in 2009). Provided that commodity prices don’t drop for a sustained period of time – particularly crude oil, which has been strong since going above $50 a barrel in 2005 – a decent volume of work can be assured.

This was underlined in 2010, when the Russian state-owned oil producer Rosneft launched projects in the Kara and Barents Seas after obtaining licences to explore four blocks in Russia’s Arctic shelf. Three major joint ventures with the Western energy companies Exxon Mobil, Statoil and Eni were subsequently signed in 2011 and 2012. Continue reading “Russia: pipelines east”

Energy boost

Other practice areas may be having a tough ride but energy lawyers are flying. LB maps the trends driving the sector

There are many sectors of the economy that governments can afford to scrimp on when times get hard, but luckily for power, oil and gas companies, energy is not one of them.

Power is as vital to economic function as oxygen is to breathing; fuelling transport, communication, defence programmes and health services. In addition, the political and economic instability attached to the supply of oil and gas ensures that energy security continues to dominate national agendas.

Continue reading “Energy boost”