11 March 2002
The Legal Services Commission (LSC) faces forking out more than £300,000 to Ashurst Morris Crisp after the firm defended a case in which the expert witness was "biased and irrational".Ashursts partner Ian Starr is able to make the claim under regulations stating that, if a successful party in an action faces severe financial hardship if they have to pay their legal costs, then the LSC can be ...
The Law Lords came a cropper last week when it was discovered that they had failed to implement procedures for handling a costs dispute involving conditional fee arrangements (CFAs) (The Lawyer, 25 February).This House of Lords blunder came to light after a shrewd paying party's decision to contest paying the other side's CFA uplift as the House had no such procedures in place. It was put before the Clerk of Parliament, the House of Lords equivalent of a costs judge, ...
Tulkinghorn is concerned that the legal community is getting rather obsessed with lap dancers. Not only has Tulkinghorn been inundated with calls from bored M&A lawyers explaining the finest nuances of the name Spearmint Rhino, it now transpires that Hammond Suddards Edge is part of a global conspiracy by the aforementioned 'gentleman's club' to conquer the world.Spearmint Rhino has apparently enlisted the services of Hammonds to help it open a new table-dancing ...
Top Australian firm Blake Dawson Waldron has poached key employment partner Steve Bennett from Brisbane rival Deacons
The expanding construction team at Browne Jacobson has received instructions from major construction insurer Legal Risk Management for the first time
Clifford Chance Pünder partners Peter Nägele and Hans-Josef Schneider are going head-to-head in a battle to become Germany's next managing partner
Following an article last week entitled 'Clarke Willmott slashes entire volume conveyancing practice', The Lawyer has been asked to clarify that Angela Thompson resigned to join Battens before Clarke Willmott & Clarke's Bridgwater office closed.
Cobbetts has won a tender against nine other firms for a near-exclusive partnership arrangement with Salford Council
Comparing the size of mobile phones is so passé nowadays, because if they get any smaller users will have to carry a toothpick around at all times to operate them. Tulkinghorn is much more impressed by what is contained in the phones' address books. A quick survey carried out on the train back to Tulkinghorn Towers established that most people store their home number presumably just in case they forget it - and so that they can ring their loved ones up and slur "ShorrydahrlingIgotshtuc
Freshfields Bruckhaus Deringer partner Jonathan Rod has left to join Latham & Watkins' New York office
The Lawn Tennis Association now has a turnover of £45m and many big-name sponsors. Fiona Callister talks to head of legal Bruce Mellstrom about providing the best service
Covington & Burling's London office has hired the former general counsel of pharmaceutical giant GlaxoSmithKline as senior counsel
Allen & Overy's (A&O) corporate department has scooped a major new client in the form of leading Croatian bank Zagrebacka Banka (ZB).A&O first met ZB on the other side of a deal in May 1998. A&O's Andrew Wilson had been advising Daiwa and Merrill Lynch as underwriters on a global offering of shares in Pliva dd, a Croatian pharmaceutical company in which ZB has a significant stake.Three years later, ZB approached A&O to advise it on the joint ...
Carnelutti and Bredin Prat handle Danone brand sale
Eversheds (Anne Harris) advised the Strategic Rail Authority on a 20-year franchise agreement with Chiltern Railways to encourage long-term investment. Railtrack's administrators advised by Slaughter and May. Lead manager the Royal Bank of Scotland advised by Allen & Overy. Chiltern advised by
Nabarro Nathanson (John Cumpson) acted for Land Securities on the sale of shopping centres in Northern Ireland, Scotland and England to an undisclosed client of Reit Asset Management for approximately £250m. Land Securities also used Elliott Duffy Garrett, Dundas & Wilson, Lawrence Graham and Simmons & ...
CMS Cameron McKenna (Michael Draper) is advising UK-based biopharmaceutical company Antisoma on a £24m rights issue on the London Stock Exchange and Nasdaq Europe. The underwriters SG Cowen and ING Barings are being represented by Brobeck Hale and Dorr.Pinsent Curtis Biddle (Gareth Edwards) advised PizzaExpress on its £2m acquisition of niche London pizza chain Gourmet Pizza. Gourmet ...
DLA German alliance member Görg has merged with the Berlin office of Denton Wilde Sapte's international alliance member Heuking Kühn Lüer Heussen Wojtek
Dewey Ballantine has advised joint bookrunners and lead managers JP Morgan and Morgan Stanley on the National Bank of Kuwait's (NBK) first-ever bond issue.The $450m (£316.29m) floating rate Eurobond is the first issuance on the international debt market out of Kuwait.NBK instructed long-term adviser Clifford Chance. Lead partner Susan Mitcham said that the deal was particularly significant ...
US firm scores victory for health insurer as tobacco giants are forced to fork out
An English barrister faces criminal prosecution for practising law in Luxembourg
Gibson Dunn & Crutcher partner Nicholas Aleksander found himself teaming up with former colleagues from Travers Smith Braithwaite as the two firms worked on Bridgepoint Capital's investment in Virgin Active.The London office of Gibson Dunn advised the management on the deal, with Travers Smith partner Charles Barter acting for long-time client Bridgepoint. Bridgepoint acquired a 55 ...
A&O invades Ashursts' territory to win work on the largest acquisition this year
In a costs hearing last week, Amelans successfully rebuffed an argument which stated that an after the event (ATE) insurance policy provided by Temple Legal Protection should be regarded as a credit arrangement. It was the third in a series of similar cases involving Amelans and Temple and the latest attempt to find a loophole sufficiently large for defendant insurers to squeeze through.The costs hearing was nothing unusual. The legal arguments were inventive and well made, with ...
A landmark judgment by an English court upheld a central principle of ancient Islamic funding after a unique challenge was made against it. The significance of the case is heightened as Islamic financing is becoming an increasing feature of large-scale deals in the Middle East, carried out alongside Western banks.Also, business finance company Datamonitor reported recently that Islamic Sharia-compliant financing is increasingly popular in the UK, where there are estimated to be ...
Marconi Corporation global general counsel Jeff Gordon has left the company
Compensation claims against the Law Society by former clients of an intervened law firm are likely to run to several million pounds
Lawrence Graham is hiving off its investment management arm to avoid regulation by the Financial Services Authority
Clifford Chance Rogers & Wells spent just over $50,000 (£35,000) per US partner on pro bono work last year
McDermott Will & Emery has added a tax practice to its Silicon Valley office by poaching a three-partner team from Fenwick & West
Despite a short life, Moorcrofts has certainly made its presence felt
Morgan Lewis & Bockius has appointed Peter Wallace as managing partner of the London office
City firm raids former ally Houthoff Buruma in new European push; Spain is next
The Law Society has been subject to responsibilities under discrimination law since the early 1970s. These include controlling admission to the profession, offering services to the public, handling complaints about solicitors and its responsibilities as an employer. More recently its duties have broadened arising from the Race Relations (Amendment) Act 2000. Under this act, the Law Society comes under a duty to have "due regard to the need to eliminate unlawful discrimination and to ...
City corporate law firm Orchards has almost doubled its partner capacity with the hire of five partners, including Halliwell Landau's senior corporate partner, as it plans a move into New York
Osborne Clarke's Frankfurt office has poached a banking partner from Coudert Schürmann, bringing the total number of partners it has taken from the firm to four
Law firms on Zurich Commercial's law panel face an imminent shake-up
Pinsent Curtis Biddle's national head of corporate recovery Patrick Corr is joining US firm Sidley Austin Brown & Wood's London office as a partner
Reinsurance intermediary Benfield Group has taken on Derek Walsh from Pinsent Curtis Biddle's London office
Sometimes the efficiency of in-house PR departments is impressive. On other occasions PR-types fall foul of the too many cooks adage.While one hapless reporter was undertaking the thankless task of answering a colleague's telephone, she was beset by a series of mind-numbingly inane calls from Norton Rose. The colleague had actually called Norton Rose's Barbara Stephenson and was waiting ...
The Queen has found a new personal solicitor after her current solicitor, Farrer & Co senior partner Henry Boyd-Carpenter, announced his retirement
Rambaud Martel has hired Michele Voisset, professor of law at the University of Paris
Jennifer Currie reports on how the RAE is good medicine for non-traditional law schools
The latest in an occasional series entitled 'What were they thinking of?' is this little offering from a newly merged Stockport firm.As you are probably fully aware - Tulkinghorn expects that all his readers are au fait with the Stockport legal scene - Sinclair Abson Smith has merged with Walls Johnston to become an 11-partner powerhouse.The two firms have decided to call themselves SAS Solicitors. Unlike the proper SAS, they are allowed to identify themselves ...
Shearman & Sterling in Germany is taking on a high-profile corporate partner from the Stuttgart office of rival firm Gleiss Lutz Hootz Hirsch
Specialist industries face limitations on their special exemptions from certain competition rules following a ruling by the Court of First Instance in Luxembourg.The ruling, which related to the shipping industry, is described as the most far-reaching in defining the scope of the exemptions governing shipping, airlines, cars, rail and inland waterways.Lovells partner John Pheasant acted for 29 shipping lines against a European Commission (EC) legal team, headed by Scottish ...
Jonathan Lamb, ex-legal adviser at Shire Pharma-ceuticals Group, has left the company to join specialist pharmaceutical company Amarin Corporation as its first general counsel and company secretary
Shoosmiths has hired private client lawyer Geoff Bryant as a partner in the private capital department
Simmons & Simmons is in merger discussions with Watson Farley & Williams to create a 1,000-fee-earner firm with combined revenues of over £200m
Colin Ng joint venture splits after one year; dissatisfaction rife among others
Foreign investment prompts US firm to set up association with local practice
Sinclair Roche & Temperley (SRT) will not place a single partner on a permanent basis on Stephenson Harwood's partnership council once the two firms merge at the beginning of May
As a nation, we are inclined to make things difficult for ourselves
Forget Friends Reunited; clients do a much better job at bringing old chums together. Tulkinghorn's heart was warmed to hear that Bridgepoint Capital has reunited Gibson Dunn & Crutcher's Nicholas Aleksander with his former trainee Charles Barter on the private equity house's investment into Virgin Active.Just in case Aleksander thought he might have put his past behind him, having left Travers ...
Many is the parent who longs to give the gift of music to their child - to install in them a skill that will ensure artistic fulfilment, a wider social circle and the pleasure of sharing music. This is great in theory but then reality strikes when you hear little Jimmy massacring Fur Elise for the umpteenth time upstairs. Or you become convinced that sweet little Jemima is slowly torturing alley cats when she is ostensibly doing her violin practice.When music practice strikes, ...
Firms are vying to boast the most impressive number of solicitor-advocates among their services. Jennifer Currie reports on the growth of these do-it-all lawyers and asks: where will this leave barristers?
There is a distinct whiff of myth-making drifting from City Point at the moment. Simmons & Simmons' merger bid for Watson Farley & Williams - revealed exclusively on www.thelawyer.com last Tuesday - is currently being touted as the birth of a finance giant.Hardly. The fact is, banking and capital markets account for only 10 per cent of Simmons' turnover, while Watson Farley's capability is in asset finance. There is only marginal crossover between them. ...
Theodore Goddard is to seek out opportunities for global expansion, including alliances and mergers
International law firm White & Case has taken an eight-lawyer litigation team from US firm Squadron Ellenoff Plesent & Sheinfeld to its New York office
The Brussels office of Wilmer Cutler & Pickering has bounced back from last month's partner losses with an impressive senior appointment
Europe, Pinochet, Milosevic and bananas - Michael Shrimpton has rather strong views on them all. But for some reason, we still rather like him