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  • UK firm Allen & Overy announced that it is to merge with 65-lawyer Italian firm Brosio, Casati e Associati. Meanwhile, Haarmann Hemmelrath & Partner has become the second German firm to open an office in Italy. In the last year the following foreign firms have all opened in Italy or added to an existing presence: Clifford Chance, Freshfields, Simmons & Simmons and Cleary, Gottlieb, Steen & Hamilton.
  • Price Waterhouse has linked with new Polish law firm Krzysztof Wierzbowski into its international network. In addition, the big six professional services firm has organized a close relationship with new Belgian firm Bogaert & Vandemeulebroeke. Both law firms were formed by lawyers leaving leading practices in their own country, and will maintain a degree of independence to avoid offending their local bar associations.
  • New York-based Skadden, Arps, Slate, Meagher & Flom is set to open an office in Silicon Valley, California. It will be the centre of Skadden's high technology practice as well as focusing on mergers and acquisitions and intellectual property (IP) issues, capital market transactions and litigation matters.
  • Denton Hall has opened a New York office and appointed two insurance partners from Dibb Lupton Alsop. The new office will specialize in insurance and reinsurance, both contentious and non-contentious, as well as developing its commercial litigation and arbitration practice.
  • • Dechert Price & Rhoads has won the services of Susan Ervin, former deputy director and chief counsel of trading and markets at the Commodity Futures Trading Commission, the US derivatives regulator. Ervin joins the firm's Washington DC office as counsel.
  • The market for Brazilian sovereign debt is becoming increasingly attractive for international banks. By Walter Douglas Stuber and Adriana Maria Gödel of Amaro, Stuber e Advogados Associados, São Paulo
  • A number of foreign firms have left and are likely to leave Hungary, pushed out more by a change in the work on offer than by the planned amendments to the bar rules for foreign lawyers. Richard Forster reports
  • Despite turbulence on the markets, Malaysia's investment-led infrastructure development programme looks quite promising. By Winston Bernard Silva, advocate and solicitor, Singapore
  • Anne Counihan of National Treasury Management Agency, Ireland talks to Diana Bentley
  • In a very hard year for the Czech economy, the former overly-optimistic comments about the economy have been replaced by more realism and pessimism. But many of the remaining law firms continue to prosper. Paul Lee reports