1 April 2002

The Lawyer

  • 39 Essex St lures five barristers from Eldon

    1-Apr-2002

    Leading common and public law set 39 Essex Street has swooped on Eldon Chambers. Five barristers led by highly-rated senior junior John Pugh-Smith - almost a fifth of the set's tenants - will decamp from Eldon to create a 12-strong environment and planning group at 39 Essex Street in the largest single influx of practitioners the set has seen.The five practitioners are: Martin Edwards, Richard Harwood, Pugh-Smith, Stephen Tromans (formerly a solicitor with Simmons & Simmons), ...

  • A&O and Linklaters land RWE-Innogy instructions

    1-Apr-2002

    Allen & Overy (A&O) and Linklaters have secured the main roles on the biggest M&A deal of the year. A&O is acting as lead adviser to German utilities conglomerate RWE on its e8.5bn (£5.22bn) bid for Innogy, while Linklaters is advising the target.RWE last week put in a bid of e5bn (£3bn) for the Innogy shareholders, plus an offer to take on e3.4bn (£2.1bn) of Innogy's ...

  • A&O elects five new members to board

    1-Apr-2002

    Allen & Overy has appointed the five new directors for its management board, following a competitive election process involving 14 partners.Managing partner John Rink, senior partner Guy Beringer and finance director Ian Dinwiddie were automatically included on the board.The five elected directors are London-based partners Anne Baldock and Jonathan Brayne, Belgian partner Wim Dejonghe, Dutch partner Sietze Hepkema and Germany-based partner Mark Welling.Dejonghe ...

  • A&O taps in to Anglian Water rejig

    1-Apr-2002

    Allen & Overy (A&O) is advising Barclays Bank, Salomon Brothers International and bankers Trustee Company on the restructuring of Anglian Water.The group is being split into two divisions - Anglian Water Group (AWG) and Anglian Water Services (AWS) - in order to consolidate its existing debts, raise new debt and return cash to its shareholders. The restructuring is set to finish by the third ...

  • Ad fab

    1-Apr-2002

    Marina Palomba has certainly set herself a challenge with her new job as sole in-houser at the IPA, but the fast pace of life and the sneak previews keep her going.

  • Andersen Legal Australia to merge with Ernst & Young

    1-Apr-2002

    The future of Andersen Legal's Australian firm has been secured by an Australian merger between Andersen's accounting arm and Ernst & Young. Most of the Andersen Legal staff will join the merged firm, which will operate under the Ernst & Young banner.The firm looked under threat when talks between KPMG and Andersen broke down, making a deal with Deloitte Touche Tohmatsu likely. The deal between Andersen and KPMG fell down partly over conflict issues on the HIH ...

  • Arguably stern

    1-Apr-2002

    Head of chambers at Cloisters Laura Cox QC may have a fearsome reputation, but the only people she argues with these days are her children

  • Bad Company

    1-Apr-2002

    White collar crime may not be victimless, but it can be faceless. Steven Francis and Neil Gerrard investigate

  • Beiten Burkhardt partner defects to Lovells

    1-Apr-2002

    KLegal's Russian firm KPMG Treuhand Beiten Burkhardt has lost one partner and three associates to Lovells' Moscow office. Oxana Balayan, a corporate lawyer and former managing partner of Beiten Burkhardt Mittl & Wegener before the KPMG merger, will join Lovells as a partner on 1 April.

  • Camerons and Dentons lose out in Crown Estate reshuffle

    1-Apr-2002

    CMS Cameron McKenna and Denton Wilde Sapte have both lost out in a rejig of the most important Crown Estate panel.The competitive reten-dering of work for the commercial urban estates of Crown Estate, the most significant asset in the portfolio, saw the two heavyweights lose important ground to smaller players.Berwin ...

  • CC wins top spot on ITV Digital administration

    1-Apr-2002

    Administrator Deloittes opts for CC; Slaughters beats Lovells to advise directors

  • CC's Italian furore takes a twist as Chessa opts to remain with firm

    1-Apr-2002

    Clifford Chance's wranglings with its Italian partners took another turn last week when it emerged that senior banking partner Luigi Chessa has been persuaded to stay with the magic circle firm.Chessa is understood to be a likely frontrunner for the new managing partner role, which Clifford Chance wants to introduce in Italy.However, Italian senior partner Vittorio Grimaldi, M&A ...

  • Cherie defies critics by using No 10 for meetings

    1-Apr-2002

    Cherie Booth QC is continuing to hold client meetings at 10 Downing Street nearly two years after she was first criticised for using Government premises for her practice.Booth, now at Matrix Chambers, was slammed for seeing clients at Number 10 when working on the BCCI case in 2000 while at 4-5 Gray's Inn Square. She was then criticised by the Criminal Law Solicitors Association and several Tory MPs for using Number 10 as an extension of her chambers on that one occasion. ...

  • Claims Direct cuts back on law firms

    1-Apr-2002

    Claims Direct is planning an overhaul of its panel law firms. The personal injury (PI) claims service has decided to reduce the number of firms it instructs as part of a reorganisation and cost-cutting exercise.At one time Claims Direct had around 350 law firms on its panel; now there is an interim panel of around 30 firms in existence.Claims Direct has taken the unprecedented step of inviting former panel firms to submit an application to join the new panel, which will ...

  • Deals Summary

    1-Apr-2002

    CMS Cameron McKenna (Sean Watson) advised Enterprise Inns on its £2bn acquisition by a consortium of investors of the Unique and Voyager pub estates. A consortium comprising Enterprise and private equity investors led by Cinven, acquired Voyager using a special purpose vehicle (SPV). The SPV and Cinven were represented by

  • Deals Summary

    1-Apr-2002

    Nabarro Nathanson (Roger Wakefield, Tony Smith) advised Jarvis Projects on a £20.7m school PFI with Brighton & Hove City Council. Pinsent Curtis Biddle (Chris Kelly, Justin Alford) advised the council.Nicholson Graham & Jones (Wayne Smith) and Dundas & Wilson (Stuart Tait) advised Henderson UK Retail Warehouse Fund ...

  • Deals Summary

    1-Apr-2002

    Norton Rose (Carol Roberts) is acting for Italian export credit agency Sace on a $1.1bn (£771.4m) recourse financing of Rio Polimeros' polyethelene plant, which is being constructed in Rio de Janeiro, Brazil. Clifford Chance is advising Rio Polimeros. Chiomenti is advising BNP Paribas, which is leading a syndicate of lenders under the export credit ...

  • DLA scores Telewest employment contract

    1-Apr-2002

    DLA has beaten off competition from three other firms to become the sole adviser for employment work to Telewest Communications.

  • DLA, Eversheds and Halliwells on HBOS panel

    1-Apr-2002

    Halifax Bank of Scotland (HBOS) has set up a formal panel of firms for banking work in the North West. The North West panel is split into three groups: structured finance, corporate banking and business banking.

  • Dundas & Wilson quits the Andersen network

    1-Apr-2002

    Andersen Legal member Dundas & Wilson has begun formal talks to pull out of the network. The firm issued a press statement last Wednesday saying that it had "begun negotiations with Garretts, Andersen Legal and Andersen with a view to agreeing an amicable and orderly withdrawal by Dundas & Wilson from the network of law firms coordinated by Andersen Legal". Once the KPMG rescue bid was tabled, it looked unlikely that Dundas would stay in the network as KLegal already has a strong ...

  • Fraud Lore

    1-Apr-2002

    Peters & Peters senior managing partner Monty Raphael specialised in white collar crime before the term was invented, and as Jon Robins discovers, his contemporaries still regard him as the godfather of the field

  • Garrigues vote confirms departure from Andersen

    1-Apr-2002

    Garrigues & Andersen has left the Andersen Legal network and changed its name to J&A Garrigues SRC.The firm first announced its plans to leave the network a fortnight ago, but after having doubts, put the decision to a partner vote. The vote decided the departure from Andersen's network last Wednesday (27 March). This was the same day that the accounting arm of Andersen in Spain also announced that it was not following the Andersen European network into merger talks ...

  • Greenwoods boosts PI with Barlows and Taylor Joynson raids

    1-Apr-2002

    Barlow Lyde & Gilbert and Taylor Joynson Garrett have been plundered by insurance defendant litigation firm Greenwoods.Both firms have lost senior practitioners to the City upstart as Greenwoods boosts its personal injury practice. Malcolm Henke and Stephen Howcroft have left Barlows, while Graham Briggs and Tim Wain have defected from Taylor Joynson.Managing clerk Henke, who is not ...

  • Howrey bags EC cartel ace for Brussels drive

    1-Apr-2002

    Howrey Simon Arnold & White has taken on Julian Joshua, the former head of the European Commission (EC) cartels unit, for its new Brussels office. Joshua, who joins as a partner from the Brussels office of Morgan Lewis & Bockius, is central to Howrey's plans for a long-awaited Brussels opening.Howrey's first Brussels hire was Trevor Soames, who was poached from Norton Rose last ...

  • I'll just get my coat

    1-Apr-2002

    For all of you who didn't attend The Lawyer Hot 100 party you will have seen from the photographs last week what a glittering occasion it was. An excuse for people to get together, chew the fat, catch up on news and drink as much as is humanly possible.Take defamation lawyer David Price for example, who confessed afterwards that he had not drunk so much since he was a teenager. Tulkinghorn was delighted to reacquaint the thrusting young man with the pleasures of spinning ...

  • Innogy in-housers survive takeover

    1-Apr-2002

    The in-house legal department at FSTE 100 utilities giant Innogy will remain intact following the takeover by German conglomerate RWE. The company's most senior lawyer Mike Bowden will also retain his place on the board.Bowden, the company secretary and managing director of corporate services, was appointed to the board in February, just a month before the Innogy bid was announced. Unusually for a takeover, the composition of the board will remain virtually unchanged, with ...

  • IPO survey sees Linklaters rise to the top with floats worth £7bn

    1-Apr-2002

    Linklaters has once again topped The Lawyer's initial public offering (IPO) survey.

  • Irvine's motives in question as record number takes silk

    1-Apr-2002

    113 barristers - 26.3 per cent of applicants - take silk; commercial bar fears too many silks, too little work; LCD defends number

  • Lawyers who lunch

    1-Apr-2002

    Tulkinghorn sometimes finds the modern world of law a little frenetic, and the pace of it tends to trigger his gout. So it was a relief to receive the following press release:"Southampton solicitors Paris Smith & Randall (PS&R) hosted lunch at the Friends Provident Saint Mary's Stadium, their guests Morris Dibben enjoyed lunch in the PS&R box, followed by a tour of the stadium. ...

  • Leader

    1-Apr-2002

    It's that time of year again. The first rays of sunshine… shop windows laden with chocolate temptation… and the silks list is out.As lists go, it was the equivalent of a six foot-high Easter egg, with nearly 50 per cent more QCs being created than in last year's list.Over the last couple of years there have been frequent expressions of discontent with the whole system, which has been slammed as an old boys' network in which only white males from ...

  • Legal secretary wins £20,000 from Bates Wells in unfair dismissal suit

    1-Apr-2002

    Charity law specialist Bates Wells & Braithwaite has lost an unfair dismissal claim brought by one of its legal secretaries.Last week, the Employment Tribunal found in favour of Wendy Macfarlane, secretary to London partner Philip Trott, following a six-day hearing. It awarded £20,000 in compensation to Macfarlane, which Bates Wells has agreed to pay.Macfarlane left Bates Wells in September 2000 following a de facto redundancy offer from the firm. She then instructed ...

  • Legal Widow

    1-Apr-2002

    The Lawyer has brought his old college mate Peter back home after a university reunion which saw them measuring how much hair they'd lost and who'd put on the most weight."Good old Bella, everyone hated her," remarked the Lawyer as they conducted a post mortem over the dinner table. "One of those people who looked 40 when they were 20. At least she's grown into her face now.""And good old Brian. Still can't grow a beard," said Peter.Deminimus and Liability were horrified ...

  • Lovells promotes nineteen to partnership

    1-Apr-2002

    Lovells has elected 19 new partners to take effect from 1 May, bringing the total number of partners worldwide to 334 across 26 offices in Europe, Asia and the US. Nine of the newly elected partners will be based in London, two in Munich, two in Frankfurt, and one in each of the Chicago, New York, Rome, Hong Kong, Singapore and Hamburg offices. Six out of the 19 specialise in banking and corporate finance and four are litigators. The remaining nine deal with insurance (3), employment ...

  • Lovells' former Spanish beau in hunt for new merger

    1-Apr-2002

    Albiñana & Suarez De Lezo (formerly Melchor de las Heras) has announced that it is back in the market for a merger after talks with Lovells fizzled out last year.When the Lovells talks finished, the firm announced that it wanted to remain independent, but it has now said that it is open to offers."Our position has changed gradually. If a competitive law firm convinces us a merger or association would work, we'd be delighted to look at it tomorrow, " said managing ...

  • Maharaj retrial fight goes on after death row reprieve

    1-Apr-2002

    Freshfields Bruckhaus Deringer pro bono client and British citizen Krishna Maharaj has been spared the death sentence after being on death row in Florida for 15 years. However, Maharaj's supporters have condemned the decision to resentence him to life imprisonment, as they say he is innocent.Freshfields will now support Maharaj's US lawyer Clive Stafford Smith in ...

  • Manchester merger to create giant chambers

    1-Apr-2002

    Manchester chambers 24a St John Street and 28 St John Street are to merge. The two sets have made a declaration of intent to merge, after a substantial majority of tenants last week voted in favour of joining forces.28 St John Street has been in merger talks before. In September The Lawyer revealed it was in talks with 9 St John Street, but without sufficient support from members these collapsed. Chief executive Mike Fry said the latest talks between the two criminal and common ...

  • Martineaus handles universities' merger

    1-Apr-2002

    Martineau Johnson has bagged the role of adviser on a rare university merger. The firm will advise the University of North London and London Guildhall University on their upcoming merger.

  • New York's leading law firms enjoy IPO revival

    1-Apr-2002

    New York’s elite law firms are riding a wave of initial public offering (IPO) optimism. After months of ominous quiet on the IPO front, firms are beginning to see renewed interest in equity capital markets. Skadden Arps Slate Meagher & Flom, Cleary Gottlieb Steen & Hamilton, Shearman ...

  • Opinion

    1-Apr-2002

    It is that time of year again. Salary reviews. Or rather, salary hikes. The time when law firms go like lambs to the slaughter, raising assistant salaries beyond inflation and arguably beyond common sense. Only last week, the chief executive of a large City firm shared his well-thought-out strategy with me: "We'll do whatever Clifford Chance does." Now that's what I call leadership.

  • Research council picks Manches as sole adviser

    1-Apr-2002

    Manches' Oxford office has been appointed sole adviser to the Council for the Central Laboratory for the Research Councils (CCLRC). The firm won the appointment following a competitive tender. It now has four of the UK's seven research councils as clients.

  • Shaw Pittman's health practice loses founder plus two lawyers

    1-Apr-2002

    Shaw Pittman's health law practice has been rocked by three high-profile departures, including the practice's founding partner, in the past month. The three lawyers - partners Guy Collier and Rebecca Jackson, and counsel Lane Macalester - have left for different destinations.Collier returned to McDermott Will & Emery at the beginning of last month. His move was followed by Macalester, who moved in-house to become general counsel and senior vice-president at electronic ...

  • Stringer Saul takes on health sciences consultant

    1-Apr-2002

    Stringer Saul has appointed Paul Ranson (right) as a consultant, to assist in its health sciences group. Ranson was previously the head of healthcare at Simmons & Simmons and specialises in commercial, regulatory and liability aspects of the pharmaceutical and medical device sectors with a focus on outsourcing and EU and national legislative compliance. He has also done stints in-house, including working for Smith Kline (now GlaxoSmithKline). Stringer Saul's clients include ...

  • The rooting of all evil

    1-Apr-2002

    International asset tracing has never received as much press as at present. George Sim explains the snakes and ladders of a difficult procedure in which time is of the essence

  • TJG-Wessing talks under threat as Frankfurt rebels

    1-Apr-2002

    Partners threaten to quit Wessing if Taylor Joynson Garrett link-up gets go-ahead

  • TLT appoints new managing partner

    1-Apr-2002

    TLT has appointed David Pester as managing partner of its 32-partner law firm. Pester was previously head of the firm's corporate finance team, but will be replaced by corporate partner Nicole Little. He will continue to be involved in fee-earning work. Pester succeeds employment partner Robert Bourns. Recently, the firm launched TLT Venturing, an independent corporate venturing company owned by the partnership ...

  • Trade secrets

    1-Apr-2002

    The Allied Irish Bank debacle has brought the issue of internal control and risk management to the fore once again. Deborah Talbot reports on what went wrong

  • UK team battles to return Elgin Marbles to Greece

    1-Apr-2002

    Sir Louis Blom-Cooper QC has joined the team planning to launch the first ever legal battle to return the Elgin Marbles to Greece.Blom-Cooper of Doughty Street Chambers was informally retained by UK lawyer David Charity at a meeting to set up the Parthenon Marbles Trust. Charity said: "The trust deed was signed. We're now entitled to receive donations. We exist as a charitable trust."Charity will make a trip to Greece as soon as possible to speak to the government.

  • Vinge tempts banking star back to partnership

    1-Apr-2002

    Swedish firm Vinge has lured a high-profile investment banker into its practice to become a partner in its corporate finance department.Bertil Villard was head of corporate finance at domestic investment bank Alfred Bergs ABN Amro in Stockholm, which ABN Amro acquired from Volvo Group in April 1995.Villard is no stranger to Vinge. He was managing partner at the firm from 1992 to 1996, but then decided to take a purely commercial approach. "He essentially had an offer he ...

  • Watson Farley's Paris office splits from group

    1-Apr-2002

    Watson Farley & Williams' Paris office, led by David Syed, has resigned from the partnership following a dispute with the London office over the terms of a deal with US firm Orrick Herrington & Sutcliffe. It is understood that the London office turned down £8m for the loss of Paris clients, including Vivendi Universal, Renault, France Telecom and BNP Paribas. Instead, it demanded more money and invoked a non-compete clause. It also refused to pay the partners their ...