12 February 2001

The Lawyer

  • …as operations head is rapped for misleading Collier statement

    12-Feb-2001

    Eversheds head of operations Colin Brown has been reprimanded by the Office for the Supervision of Solicitors (OSS).Brown was reproached for issuing a misleading press statement about Richard Collier, the former senior partner of Eversheds' Norwich office, who was severely reprimanded by the OSS last year for his inappropriate involvement in drawing up a will for a family member ...

  • A VIEW from korea

    12-Feb-2001

    Now well into its second stage of infrastructure reform, the speed with which South Korea has bounced back from its 1997 economic crisis has been largely due to the influx of inbound foreign investment. This was achieved by the swift reforms implemented by the Korean government to make the country more accessible to foreign investors. For instance, in 1998, under pressure from the International Monetary Fund (IMF), the government raised the ceiling on the acquisition of shares in domestic ...

  • A view from the north west

    12-Feb-2001

    The success of Manchester lawyers in the private equity market has been well documented, not least in this publication. Towards the end of 1999 and throughout 2000, the region has pulled in its most significant deals to date.These include the purchase and sale of HSBC's stake in CRP Group to Barclays Private Group, the management buyout (MBO) of Allied Carpets involving 3i, as well as the £442m MBO of Caradon's plumbing division. All of which involved the ...

  • Banking pair leave Eversheds ahead of closure at Bristol…

    12-Feb-2001

    Eversheds is losing two banking litigation partners from its Bristol office before it shuts in May.Peter Fisher-Jones will become the head of litigation, a newly created post, for Citibank and the investment bank arm Schroder Salomon Smith Barney, after working on secondment at Citibank since October.

  • BOOK REVIEW

    12-Feb-2001

    Living Culture: A Values-Driven Approach to Revitalising Your Company Culture by Jan Thornbury, published by Random House (ISBN 0-7126-6959-0)A self-help guide for corporations, this book advises how to identify your firm's culture and "revitalise it" to maximise success.Jan Thornbury is a business consultant who assisted KPMG in their "culture change" process. Stephen Butler, KPMG's international chairman, explains the firm's objective ...

  • BOURNE END PROPERTIES

    12-Feb-2001

    Bourne End Properties had long been a suspect for bowing to the sector's trend for going private when the Merrill Lynch-led consortium BEP Acquisitions made its £45m bid in December. Last June, when Bourne End was trading at a 33 per cent discount to net asset value, it announced plans to liquidate the company and return cash to shareholders over a 12 to 18-month period, unless a bid was made for the entire portfolio or company. Merrill Lynch snapped it up along ...

  • Bradford & Bingley sets up commercial law panel

    12-Feb-2001

    Bradford & Bingley is setting up its first ever formal legal panel for corporate and commercial work.The bank currently uses a number of firms on an ad hoc basis, but it will now instruct only those firms that make it onto the panel.Last year Bradford & Bingley, which demutualised late last year, slashed its panel for bulk legal work from 30 advisers to three - Addleshaw Booth & Co, Hammond Suddards Edge and

  • Brief encounter: henmans

    12-Feb-2001

    For a small regional firm, Oxford-based Henmans enjoys strong brand recognition. Not surprising really, given that the managing partner's son is none other than tennis star Tim Henman.The firm itself has enjoyed its greatest successes in professional indemnity, most recently retaining its place on the panel of Hiscox, one of the largest Lloyd's syndicates. Hiscox took the decision this month to trim its panel to just 15 firms in the UK and 15 ...

  • Brobeck in financing pilot with EVP

    12-Feb-2001

    US high-tech firm Brobeck Hale and Dorr is pioneering the use of a new type of asset-backed venture financing through relations with client European Venture Partners (EVP).The firm is the sole adviser to EVP, a leading provider of a product called venture leasing which is common in the US but relatively new to the UK.Venture leasing is asset-backed finance for start-up companies which combines traditional leasing with venture capital. Instead of making ...

  • Burness partner joins Standard Life

    12-Feb-2001

    Standard Life has created a new role of director of legal services which will be filled by Malcolm Wood, corporate partner at Scottish commercial firm Burness.Wood says that he became aware that Standard Life was structuring a new post in its legal department before Christmas. Previously, the legal function came under a general manager of corporate services who is not a lawyer. From April, Wood will lead Standard Life's team of 30 lawyers, although ...

  • Camerons on property defensive as Vivian quits

    12-Feb-2001

    Top CMS Cameron McKenna property partner John Vivian has resigned to join SJ Berwin.Vivian is being joined by assistant Katheryn Almond, who is set to become a partner when she joins the firm.Vivian's key clients include leading industry name Brixton Estates, for which he has sealed a string of ...

  • Chemical Reaction

    12-Feb-2001

    Tatjana May and Shaun Grady do not exactly live the quiet life as assistant general counsels for pharmaceutical giant AstraZeneca. Abigail Townsend highlights the plethora of complex deals that have been keeping them so busy.

  • Chesterman takes CSFB telecoms deal to Lathams

    12-Feb-2001

    Latham & Watkins' London office has snatched its first senior debt telecoms deal out of the grasp of rival Weil Gotshal & Manges.The deal involves advising Credit Suisse First Boston (CSFB) and Salomon Brothers International on the restructuring of a senior multi-currency term loan ...

  • COMPUTER SCIENCES CORPORATION

    12-Feb-2001

    Although McDermotts acted as lead corporate adviser to CSC, Baker & McKenzie (B&M) also picked up a chunk of antitrust work. The deal involved many competition assessments, clearances in Germany, Ireland and Austria and a host of firms, but B&M played a pivotal role by coordinating the merger's antitrust activities through its competition unit and lead partner Samantha Mobley. It also used ...

  • Corporate

    12-Feb-2001

    John Lewis purchases the UK arm of internet retailer buy.com. John Lewis represented by Lovells (Frances Le Grys). Financial adviser Lazards. Buy.com represented by Freshfields Bruckhaus Deringer (Neil Radford).Unilever sells its sauce business to Campbell Soup Company for £633m. Unilever advised by

  • Culling them softly

    12-Feb-2001

    Eversheds' David Ansbro has found that he has to balance compassion with sound business acumen in his still fresh role as managing partner.

  • Deans Court clerk moves to Leeds set

    12-Feb-2001

    A senior clerk at Deans Court in Manchester has left her post after 13 years to join Park Court Chambers in Leeds.Terry Creathorn is moving from the Manchester mixed civil, criminal and family set to replace the senior clerk at Park Court Chambers in Leeds, where Roy Kemp has announced that he is retiring from the mixed civil, family, crime and commercial set in the spring.Stephen Grime QC became head of Deans Court chambers in December. He ...

  • Editorial Help

    15-Feb-2001

    How do I create a new editorial? How to update an existing editorial? Can I use HTML tags? How do I format text within an editoral?

  • Equity share-out blamed for Halliwell Landau departures

    12-Feb-2001

    Halliwell Landau is losing two partners from its Manchester office as it continues to grapple with retention issues.Stephen Hattersley, a partner in insurance litigation, is joining Hill Dickinson only weeks after being made a partner in Halliwells' latest round of promotions, which were announced in January.John McMahon, a partner in intellectual ...

  • Eversheds chief to face sex bias claim

    12-Feb-2001

    Eversheds North East head of employment Simon Loy is being taken to an industrialtribunal by a former assistant.Applicant Richael Maclaverty used to work in the employment practice under Loy in the Newcastle upon Tyne office.She resigned last year, telling the firm she was moving to Oxfordshire.But after quitting the regional firm, Maclaverty filed a number ...

  • Finnegan's stake

    12-Feb-2001

    The head of Osborne Clarke's new Silicon Valley office has more than one thing in common with the firm's managing partner Leslie Perrin. Like him, Angus Finnegan was rejected by the firm when he applied for a training contract and, again like Perrin, he went back for more and has since rocketed to the top. Finnegan only joined the firm in 1998 after four years in-house at British Telecommunications ...

  • Flexible working case study

    12-Feb-2001

    Elaine Bradley, head of tax at US law firm Dorsey & Whitney, has a very flexible arrangement with her employer.Not only is she allowed to work from her Oxford home when she is not required at the firm's London office, but she also spends one day a week running her own internet company Byabiz.com.When she is at home, Bradley works on a laptop and takes calls on her mobile or dedicated business line. "For most of my clients, it doesn't matter whether ...

  • Four more leave Salans Paris office for UK firms

    12-Feb-2001

    New York firm Salans Hertzfeld & Heilbronn is reeling from the loss of two more partners and two associates from its Paris office.The move follows the announcement last month that top private equity partner George Pinkham is leaving for SJ Berwin (The Lawyer, 29 January).All four are going to UK magic circle firms in Paris. M&A partner Armelle Walters-Renaud is joining

  • Francis Lefebvre joins the CMS global alliance

    12-Feb-2001

    French law firm Bureau Francis Lefebvre is set to join the CMS network on 1 March 2001, giving the organisation a presence in France for the first time.The firm is one of France's largest, with 72 partners. Although known for its tax work, it is also strong in M&A, banking and finance, commercial property, project finance and telecoms.International managing partner Pierre Thill ...

  • Gaedertz Munich breaks off to reinstate pre-merger firm

    12-Feb-2001

    The Munich office of disintegrating law firm Gaedertz is splitting. The news follows the merger of the Cologne office with Norton Rose and the Hamburg office with Latham & Watkins.Local Munich firm Illert Bernstorff Zapp merged with Gaedertz in 1999 but will now demerge. A number of partners will ...

  • Hammond Suddards set for Paris merger

    12-Feb-2001

    National law firm Hammond Suddards Edge is on the verge of breaking into the French market as it enters the final stages of merger talks with Paris-based firm Hausmann & Associés.Partners are meeting today (12 February) to vote on whether to proceed with the plans to merge. If successful, Paris will only be Hammonds' second international office since the opening of its Brussels office in 1990.Until recently, Hammonds was a member of the Commercial Law ...

  • IBM chairman takes post at Beauchamps

    12-Feb-2001

    Dublin-based Beauchamps is restructuring itself along corporate lines as it recruits its first non-lawyer company chairman.Tom Hardiman, currently chairman of IBM International Treasury Services Company and the National Institute for Technology Management, will take on the managerial role.Hardiman's remit is to develop a commercially-orientated approach to business for the firm.Hardiman has also been director-general of RTE, Ireland's ...

  • ING hacks in-house team

    12-Feb-2001

    ING Barings is radically restructuring its legal department and making a raft of redundancies, including laying off the global head of legal and compliance.As part of a group-wide reorganisation, Ian Kellow, who is also managing director and general counsel, will be out of a job from April. As many as eight other roles in the 25-strong London legal and compliance team are understood to be being made redundant as well, although it is not clear whether the lawyers will leave ...

  • Innogy Holdings lures British Energy lawyer for new market

    12-Feb-2001

    UK energy provider Innogy Holdings has poached a lawyer from British Energy in preparation for the New Electricity Trading Arrangements (NETA), soon to replace the electricity pool as the industry's central marketplace.Nigel Fowkes, previously at the National Grid, joins Innogy in Swindon after three years with British Energy's in-house legal team.He joins as a commercial lawyer responsible primarily for the company's growing trading ...

  • john lewis

    12-Feb-2001

    Lovells is used to all the ups and downs that come with advising on deals involving an internet company. Prior to this latest transaction, acting for John Lewis on its purchase of the UK arm of transatlantic company buy.com, the company acquired a stake in Last Mile Solutions. John Lewis bought a 40 per cent stake in Last Mile for £35m, with which to develop its online food retailing service with Waitrose, which the company also owns. Lovells, led by Frances Le Grys, who is well ...

  • Le Brasseur loses health specialists

    12-Feb-2001

    Le Brasseur J Tickle is losing a team of healthcare lawyers to Vizard Oldham after being dropped from the National Health Service's litigation panel.The NHS Litigation Authority slashed six firms from its panel last month (The Lawyer, 15 January), and Vizard Oldham picked up more work following the shakeout.The firm is hiring partner Rena Field and a team of three assistants from Le Brasseur to ramp up its ability to handle the work. At the moment a tenth ...

  • LEGAL WIDOW

    12-Feb-2001

    "Stick your tongue out, Liability," I say. She shakes her head no.

  • LETTERS

    12-Feb-2001

    Smile - you're in The LawyerAs an avid reader of your paper, if only to marvel at just how different the profession you portray and the bulk of local practice actually is, I was struck by just how serious a business the upper 5 per cent of the law now appears to be.In your 22 January issue, there are about 50 head and shoulder shots of newsworthy members of the profession, excluding advertising copy. Of that 50, only 12 appear to ...

  • Luring the law

    12-Feb-2001

    Organisation: Intel CapitalEmployees: 300 worldwideLegal capability: 25 lawyers worldwide, four in Silicon ValleyHead of legal: General counsel Suzan MillerReporting to: Director of corporate affairs Cary KlafterMain location for lawyers: Santa Clara, CaliforniaMain law firms in Silicon Valley: Gibson Dunn & Crutcher, ...

  • Macfarlanes in PFI first with Berwin Leighton

    12-Feb-2001

    Macfarlanes and Berwin Leighton have signed the first standard form private finance initiative contract in the health sector. It marks a turning point that will speed up negotiations and cut legal fees for future projects.The £60m combined new build and refurbishment project for West Middlesex University Hospital Trust was signed on 30 January.Macfarlanes partner Jeremy ...

  • MAIN PLAYERS IN THE SYNGENTA DEAL

    12-Feb-2001

    AstraZenecaExternal advisers: Freshfields Bruckhaus Deringer, UK (Julian Long, David Higgins and Nick Spearing); Davis Polk & Wardwell, US (Paul Kumleben and Eric Dann in London, Ronan Harty in New York); Homburger, Switzerland (Claude Lambert)In-house team for ...

  • major cases in THE NORTH WEST

    12-Feb-2001

    Liverpool City Council v Walton GroupHalliwell Landau's Stephen Connolly and Paul Thomas acted for Liverpool City Council, instructing Peter Smith QC and Lesley Anderson of 40 King Street, Manchester. Bermans acted for Walton Group, instructing Dirik Jackson QC and Janet Bignall of Falcon Chambers, London.First pure Woolf case in both the High Court and the Court of Appeal. Issues in the proceedings were construction of a contract and rectification.

  • Marketing madness

    12-Feb-2001

    Tulkinghorn is pleased to see that some lawyers haven't succumbed to any of these new-fangled viral marketing techniques.One lawyer, who shall remain nameless, wins the prize for the most imaginative pitch for work at The Lawyer Monte Carlo. He was heard telling the head of legal at Bradford & Bingley: "You've got to give us all your work because I've got an account with you." Like Mr Bradford & Bingley hasn't heard that one before.

  • Mcdonald's

    12-Feb-2001

    One might assume that Reed Smith Warner Cranston won a place as adviser to McDonald's on its purchase of a stake in Pret A Manger due to the recent US merger, but that is not the case. Peter Borrowdale, formerly the head of Sonnenschein Nath & Rosenthal's London office, which closed in September 1999, brought the work with him when he moved to Reed Smith last year. Previous to this transaction, ...

  • Monte Carlo or bust

    12-Feb-2001

    Tulkinghorn is very protective over the lovely ladies who work on the newsdesk of The Lawyer. Being fragrant beauties, he does not like to hear that their modesty has been affronted. So he was frankly shocked to hear of the approaches from one of the heads of legal attending Monte Carlo.The reporter had left a message for him asking to do an interview. She was slightly surprised when on bumping into him, he agreed to do the interview and proposed that they should ...

  • OFT investigatory powers prompt Transco to launch regional panel

    12-Feb-2001

    Transco is setting up a regional panel to deal with the new investigatory powers of the Office of Fair Trading (OFT) under the recently introduced Competition Act 1998.Under the act, which was brought into force on 1 March 2000, the director general of the OFT has powers to investigate suspected breaches. Under these powers, officials from the OFT can enter premises and demand relevant documents, and are able to obtain a warrant to make a search.The UK gas transmission ...

  • OFT report encourages public access to barristers

    12-Feb-2001

    The long-awaited Office of Fair Trading (OFT) report into the legal profession is believed to have called for the public to be able to go directly to barristers without having to instruct a solicitor first.If the proposals are accepted then chambers could see their incomes from BarDirect spiral to around £200m a year. The report was delivered to ministers around 10 days ago, and the Government is currently considering its verdict.The Bar Council submission ...

  • Opinion

    12-Feb-2001

    Our planning system is in chaos - or at least there is a serious risk that it will be if the House of Lords upholds the High Court judgment in the Alconbury case when the Government's appeal is heard next month. That is not good news when you consider that the property sector in the UK accounts for nearly 10 per cent of the UK's gross domestic product.As a result of the judgment, the Secretary of State's role in the planning process, as both policymaker ...

  • Perks of the job

    12-Feb-2001

    Lawyers have a reputation for working long hours, and although larger law firms deny that they actively encourage staff to work late, they do not exactly persuade them to go home. In fact, they offer a range of lifestyle benefits based firmly around the workplace.The largest City firms run in-house gyms and swimming pools which, while helping to relieve stress, mean that employees frequently live their work and social lives without stepping outside ...

  • Pinsent Curtis logjam prompts departure

    12-Feb-2001

    Pinsent Curtis Biddle is losing one of its highest billing partners to US firm Arnold & Porter.Jeremy Willcocks is understood to be among some of the highest billers at Pinsent Curtis despite being a salaried partner. At Arnold & Porter, however, he will take equity as well as become head of corporate.One source close to Pinsent Curtis says Willcocks' decision to leave is partly because the firm did not give him equity, despite his significant contribution ...

  • Playing it down

    12-Feb-2001

    Despite the robust economy, litigators in the North West are enjoying a steady workflow, with most departments reporting an increase in turnover. Commercial litigators are enjoying a large amount of flotation work, while the insurance litigation market - despite Woolf and the seemingly endless panel reviews - is providing a healthy flow for specialists in this area.Two of the region's leading firms, Hammond Suddards Edge and Halliwell Landau, both suffered the setback ...

  • Real Estate and Projects

    12-Feb-2001

    US-backed consortium BEP Acquisitions takes Bourne End Properties private after its £45m bid for the listed property company is declared unconditional. BEP Acquisitions advised by Taylor Joynson Garrett (Nick Briant, Richard Gross, Dominic Ross). Bourne End Properties advised by Travers Smith Braithwaite (Richard Skelton). Nationwide Building Society, the debt provider, advised ...

  • Richards Butler expands with Klein Goddard hires

    12-Feb-2001

    The Paris office of Richards Butler is continuing expansion plans by moving to new premises and poaching a partner and two assistants.Theodore Goddard's associated firm Klein Goddard Associés has lost former national tax inspector Jean-Luc Bouton. His two assistants Karine Abbou and Arnaud Lehericy-Landsberg have joined him.Richards Butler is making lateral hires to strengthen the corporate finance team. Bouton will provide a tax capability for the ...

  • Scott demands end to costs recovery orders

    12-Feb-2001

    Lord Scott of Foscote called for the abolition of costs recovery orders and litigation privilege during his speech at The Lawyer Monte Carlo.Law Lord Scott, who has held the posts of Head of Civil Justice and Vice-Chancellor, has already suggested abolishing recovery costs to the Lord Chancellor."You scrub the huge additional costs that cost assessment adds to the inevitable costs the litigation is going to incur anyway," he said.He argued that wasted ...

  • Shearmans forms joint venture with Stamford

    12-Feb-2001

    Shearman & Sterling is upping its Asian profile by linking up with Singapore practice Stamford for a joint venture.Stamford is the firm that leading local lawyer Lee Suet Fern set up after she quit the Wong Partnership last year (The Lawyer, 18 December 2000). A licence is expected to be granted shortly.The Wall Street firm has been in Singapore since 1995 but it ...

  • Splashing out

    12-Feb-2001

    The concept of using a sledgehammer to crack a nut is familiar to Manchester City Council. After all, why shouldn't a local authority, funded by public money and central government grants, use Slaughter and May, one of the most expensive law firms in the country, to advise it on property and development matters?And where is the problem in using David Beales, one of Slaughters' ...

  • St James's Chambers loses eight

    12-Feb-2001

    Manchester set St James's Chambers is to lose its chancery capability, with eight tenants moving to a Liverpool set.The main practice of 24-tenant St James's was previously split between common law and chancery, but will now be left with only a common law capability.The chancery team comprises eight barristers: chancery silk and commercial litigator Anthony Elleray QC, Mark Cawson, Jonathan Cannan, Giles Maynard-Connor, ...

  • Sullivan & Cromwell expands Australian presence in Sydney

    12-Feb-2001

    Sullivan & Cromwell is increasing its Australian practice with the opening of a Sydney office.The New York giant was one of the first US firms to open an office in Australia and has had a base in Melbourne since 1983. But it has now decided to increase its coverage with the Sydney expansion.Chairman Rodgin Cohen says the reason for the decision is simple: "There are ...

  • Tact and diplomacy

    12-Feb-2001

    Lawyers - can't live with them, can live without them, especially a particularly charming in-house lawyer Tulkinghorn had the good fortune to meet at The Lawyer Monte Carlo.City editor Dearbail Jordan was chatting to this silky smooth fellow when the subject of her name came up. After discerning that her name harked from Ireland he asked firstly if her parents had made it up. After being assured that it was, in fact, a real name and was, in ...

  • Technology, Media and Telecommunications

    12-Feb-2001

    NetIQ undertakes a stock-for-stock acquisition of WebTrends for $1bn (£683m). NetIQ advised by Davis Polk & Wardwell (William Kelly). WebTrends advised by Perkins Coie.Amarin Corporation acquires Ethyl EPA licence from Laxdale in a cash and paper deal worth $1m (£683,000). Amarin Corporation advised by Nicholson Graham & Jones (Owen Waft). Laxdale ...

  • The cheeky little devils

    12-Feb-2001

    Isn't it charming how certain firms have such a collegiate atmosphere that they cannot bear to be apart from each other for even one weekend?Take Norton Rose. Two partners were invited to The Lawyer Monte Carlo as speakers. But as Norton Rose were not sending any delegates to the networking event of the year, the pair were likely to feel a little lonely without their colleagues. ...

  • The firm with an Edge

    12-Feb-2001

    "Then he told me he had an axe," recounts Mike Edge matter-of-factly across the table of one of the "cosy" meeting rooms at Halliwell Landau. I grip my tea cup, waiting for the bloody consequences. "He didn't threaten me with it though, he just kind of mentioned it. And he said he was taping our chat for a book he was writing." Who said property law wasn't exciting?Edge is remembering one of his more colourful client meetings as a trainee solicitor. Thankfully ...

  • The Leader column

    12-Feb-2001

    Anyway, so there we all were at The Lawyer Monte Carlo (you know, the premier networking event in the legal calendar). At one of the industry sessions, a group of heavyweight in-house lawyers were talking to private practice specialists. But one partner seemed uncomfortable among all the conversational spontaneity. Sandwiched between two telecoms giants, the hapless lawyer could only intone: "Yes, we do e-commerce. E-commerce, that's what we do. ...

  • the personnelity

    12-Feb-2001

    Some years ago, when I was working at a firm that shall remain nameless, we were each sent a pack of benefits brochures. In the folder (a dull grey one) was a letter from our human resources department telling us that because the firm cared about our health it had negotiated special discounts with, among others, a hospital cash-plan provider and a private medical insurance provider. You don't need to be a genius to work out that this went down like the proverbial lead balloon. ...

  • Two to watch

    12-Feb-2001

    With 38 cinemas throughout the UK, United Cinemas International (UCI) is a dream property client, and DLA is the main firm that has benefited from the company's expansionist strategy.UCI, a joint venture between Paramount and Universal, took space in Manchester's recently redeveloped Printworks building, the former Daily Mirror site, on which DLA, led by property partner Anita Weightman, advised.UCI has used DLA for over five years, after general counsel ...

  • US firms in London set to launch joint initiative on pro bono work

    12-Feb-2001

    US firms in London are planning to team up for a raft of joint initiatives - starting off with a link-up in pro bono work.A group of managing partners from US firms are meeting regularly to discuss potential ventures where they can work alongside each other.The first concrete example is a US pro bono team, but the group has also talked about sharing trainees so that firms with strengths in particular practice areas can lead training schemes.The pro ...

  • Watson Farley New York trio leaves for King & Spalding

    12-Feb-2001

    Watson Farley & Williams' New York office has lost half its finance partners to US practice King & Spalding.The departures come only weeks after merger talks between Watson Farley and US firm Hunton & Williams fell through for the second time (The Lawyer, 8 January).The three, Philip Spector, Raymond Simon and Caryn Hemsworth, are joining King & Spalding's ...