12 March 2001

The Lawyer

  • A VIEW from milan

    12-Mar-2001

    The past year has seen a growing interest in the Italian market and an increase in the value and number of deals that have been consummated. Because of this, the Italian legislator has intervened to simplify the legal framework as regards corporate management. On 9 December 2000, Law Number 340, 14 November 2000 became applicable in Italy.

  • a year ago this week

    12-Mar-2001

    Norton Rose and Linklaters beat A&O and CC to bank's £4m panelToronto-Dominion Bank (TDB) reduced its legal panel from 20 firms to just two - Linklaters and Norton Rose. TDB's total annual legal budget was over £4m.

  • Advice for the young at heart

    12-Mar-2001

    Traditionally, the only cases where employers paid for financial advice was for staff who were about to retire. Now one of the fastest-growing employee benefits, independent financial advice is offered to all levels of employees. It can cover any aspect of finance, from the tax implications of maturing share options to what employees should do if they have an endowment mortgage.The three biggest drivers behind this change are the move by occupational pension ...

  • african lakes corporation

    12-Mar-2001

    Simmons & Simmons has advised African Lakes Corporation on its dual listing, which makes it the only company to be listed on both the Nairobi and London stock exchanges. Canaccord Capital, advised by SJ Berwin, acted as its corporate broker and Close Brothers Corporate Finance, advised by Ashurst Morris Crisp, was the sponsor.

  • Allen & Overy

    12-Mar-2001

    Position: Does not feature in the chart but it had three appearances.Important cases at the Court of Appeal from October 1999-July 2000: Trustor AB v Lindsay James Trevor Smallbone & ors - A&O acted for Trustor to decide whether recovering misappropriated money from third parties reduced the amount for which the defendants are liable to make interim payments.Percentage contribution of litigation to overall turnover: 10 per cent.Number of litigation ...

  • And the Best British Biller...

    12-Mar-2001

    Tulkinghorn would like to raise a glass to those talented lawyers at Mishcon de Reya. The firm represents two winners of this year's Brit Awards, Fatboy Slim and A1. Fatboy is the nice one married to Zoe Ball who used to be in The Housemartins before he got into car alarm music. Tulkinghorn doesn't have the foggiest idea what A1 is although he is reliably informed by his teenage ...

  • B&M's COO quits for Cambridge

    12-Mar-2001

    US-based firm Baker & McKenzie is losing its chief operating officer (COO) after just two years.David Yates is taking up a post as warden of Robinson College at the University of Cambridge and is being replaced as COO by current director of professional development and know-how Peter Smith.As COO, Smith will be responsible for the strategic direction of the firm and will ...

  • baker almond

    12-Mar-2001

    Etam's claims against surveyor Baker Alm-ond hark back to the spate of negligence claims brought by lenders after the collapse of the 1980s boom.

  • Barlow Lyde & Gilbert

    12-Mar-2001

    Position: FirstImportant cases at the Court of Appeal from October 1999-July 2000: Gillatt v Sky TV - Herbert Smith acted for Sky TV. The case determined that the value of shares in a private company are determined by an independent chartered accountant and there was no question of breaking down the process in this case to establish the value.Somatra v Sinclair Roche & Temperley - Herbert Smith acted for Somatra. The case refers to the admissibility of evidence.

  • Berwin Leighton and SJ Berwin act on Hilton sale

    12-Mar-2001

    Sale and leaseback based on turnover will revelutionise hotel sector

  • Bird & Bird merger talks spark chaos at Wessing

    12-Mar-2001

    Munich and Hamburg rebels lead secret negotiations; Dusseldorf opposition could lead to firm-wide split

  • Brief encounter: fenners

    12-Mar-2001

    Fenners is a small London firm, specialising in corporate finance and commercial property. According to managing partner Robert Fenner, specialising in these two areas has its advantages. One area is busy when the other is quiet, thus ensuring a consistent workflow.Fenners also promotes itself as specialising in technology, including internet and e-commerce law, but says that it is not reliant on technology companies as clients. The firm stresses ...

  • Cargill

    12-Mar-2001

    This is the first deal for global agribusiness and industrial group Cargill and was won by KLegal, in true multidisciplinary style, through a referral from accountancy big sister KPMG. Tax and corporate finance accountants referred the client to the tied law firm so that the combined team could offer an all-round service.

  • Clarke Willmott hires clinical negligence ace

    12-Mar-2001

    Clarke Willmott & Clarke's medical team has hired the clinical negligence specialist who is advising the National Committee Relating to Organ Retention (Nacor).

  • Cooley raids Wall Street for Milbank technology star

    12-Mar-2001

    Silicon Valley firm Cooley Godward is striking back at New York rivals and hiring a top Wall Street lawyer from Milbank Tweed Hadley & McCloy.

  • Copyright is dead?

    12-Mar-2001

    When the title for this article was first suggested, online music provider Napster was flourishing, artists and rights owners were petitioning the Legal Affairs Committee of the European Union (EU) on the lack of protection for their rights in the proposed EU Copyright Directive (the directive), and it seemed that technology had finally overtaken the law. If copyright was not dead, it was extremely unwell, with illegal exploitation of copyright going on unchecked all over the world.

  • Corporate

    12-Mar-2001

    Barclays Private Equity sells its 65 per cent shareholding in Luton Airport to TBI for £82m. Barclays Private Equity advised by Ashurst Morris Crisp (Simon Beddow). TBI advised by Norton Rose (Jillian Gauntlett).

  • deal of the week - swiss life

    12-Mar-2001

    Manchester niche commercial firm Perkins & Company now advises insurance giant Swiss Life on the majority of its UK property needs. The client was introduced by head of property Clive Bleasdale when he joined from Berrymans Lace Mawer 14 months ago. Since then, Bleasdale has advised Swiss Life on the acquisition of offices at Cannon Street, London EC4, for its investment services division.

  • DMH acquires presence in London with Fairbairns tie

    12-Mar-2001

    South East firm DMH has launched a London presence with the acquisition of niche City practice Fairbairn Morris.

  • Eurotunnel instructs Herbert Smith for debt repackaging

    12-Mar-2001

    Herbert Smith has rekindled its relationship with Eurotunnel, acting for the longstanding client on a massive debt repackaging.

  • Faegre links up with German firm

    12-Mar-2001

    Minneapolis-based Faegre & Benson is merging with local German law firm Brendel Ekkenga Daniel & Partner to expand its office in Frankfurt.

  • Hengeler recruits Gleiss partner for first ever lateral hire

    12-Mar-2001

    German law firm Hengeler Mueller Weitzel Wirtz has recruited the Brussels head of rival firm Gleiss Lutz Hootz Hirsch.

  • Herbert Smith

    12-Mar-2001

    Position: FirstImportant cases at the Court of Appeal from October 1999-July 2000: Gillatt v Sky TV - Herbert Smith acted for Sky TV. The case determined that the value of shares in a private company are determined by an independent chartered accountant and there was no question of breaking down the process in this case to establish the value.Somatra v Sinclair Roche & Temperley - Herbert Smith acted for Somatra. The case refers to the admissibility of evidence.

  • Home comforts

    12-Mar-2001

    Margaret Garner's legal department at Credit Agricole Indosuez chooses to keep much of its work in-house, but it demands the best attention and value for money from those firms that it does use. Mary Murphy investigates

  • In the line of fire

    12-Mar-2001

    When Vanni Treves takes over as chairman of Equitable Life, his life promises to be anything but. Can he turn the tables on the headline writers?

  • Lathams wins MoFo IP partner for Valley team

    12-Mar-2001

    Los Angeles firm Latham & Watkins is boosting its Silicon Valley office with an intellectual property partner from Morrison & Foerster (MoFo).

  • LEGAL WIDOW

    12-Mar-2001

    The Lawyer's beloved secretary has gone on extended sick leave as the result of some appalling accident at the salsa class she teaches in her spare time, which has put half the class in traction.

  • Luvvies strike poses problems for film finance lawyers as union flexes muscles

    12-Mar-2001

    A predicted bonanza for film finance lawyers hangs in the balance as an actors strike in the US threatens to spread to Europe.

  • Magic circle fails to impress in The Lawyer CA survey

    12-Mar-2001

    UK magic circle law firms are failing to make an impact at the Court of Appeal, trailing behind many of their City competitors.

  • Manches swoops for Argles employment head

    12-Mar-2001

    South East firm Argles Stoneham Burstows has lost its head of employment to the London office of Manches.

  • METHODOLOGY

    12-Mar-2001

    The research used information provided by online legal information provider Lawtel. The statistics that relate to civil litigation only were obtained for all of The Lawyer's top 100 law firms, but only those with five or more appearances are shown in the chart. An appearance is recorded for a judgment handed down between October 1999 and July 2000. In most cases it is clear whether the appeal was successful, but in a few instances the court has handed down a split decision, .

  • MoFo shuts Buenos Aires and opts for local alliance

    12-Mar-2001

    San Francisco firm Morrison & Foerster (MoFo) is pulling out of Buenos Aires and setting up an alliance with a local firm instead.

  • Opinion

    12-Mar-2001

    On 28 February, the Law Society debated reforms for self-modernisation, including a five-year strategic plan to promote solicitors as belonging to an independent and effectively regulated profession.The absurdity of the Law Society, in the face of a changing world, continuing to regulate only solicitors and not lawyers generally, is demonstrated in two recent cases, one reported, the other not.The reported case is that of Mr ...

  • OS takes on first lawyer as AA case ends

    12-Mar-2001

    Field Fisher Waterhouse has steered Ordanance Survey (OS) to a £20m out of court settlement with the Automobile Association (AA) for copyright infringement. This comes after winning a three-year contract to continue advising the government organisation on intellectual property (IP) issues.

  • Paper trial

    12-Mar-2001

    Traditionally, privacy has been protected by using other causes of action such as breach of confidence, copyright, data protection, trespass - even defamation. But now the common law, with a bit of help from the Human Rights Act (HRA), "can recognise privacy itself as a legal principle, drawn from the fundamental value of personal autonomy".The quote comes from Lord Justice Sedley's judgment in Hello! v Douglas. Exclusive rights to publish photographs of the Michael ...

  • Pick me, legal press

    12-Mar-2001

    Hey kids! Bet you thought Daddio Tulkinghorn was a real square, right? Or that he was a dag and didn't dig it? Well, this week he's out to prove that he's down with the kids and hanging with the boys from home (surely that should be homeboys? - ed).But Tulkinghorn is not the only one who's slammin' it. A couple of weeks ago, Mace & Jones was holding a fundraising "Giant Monopoly" event, in aid of Shelter, in one ...

  • Principal subsidiaries of CrÉdit Agricole Indosuez

    12-Mar-2001

    Al Bank Saudi Al FransiCrédit Agricole Indosuez has a 31.1 per cent shareholding in the bank. It includes corporate banking, retail banking and treasury groups around Saudi Arabia.Banque Française Commerciale Antilles GuyaneBFCAG is a retail commercial bank based in the French areas of the Americas, such as Guadeloupe and Martinique. Its clients are mainly private individuals and medium-sized local firms, though ...

  • Real Estate and Projects

    12-Mar-2001

    Swiss Life buys Grade 1-listed Edwards Pavilion in Liverpool's Albert Dock from the Commission for New Towns (CNT) for £10m. Swiss Life advised by Perkins & Company (Clive Bleasdale). CNT advised by DLA (Marc Carter). Developer Arrowcroft advised by Berwin Leighton (Peter Rudolf).

  • Reducing the appeal

    12-Mar-2001

    Everybody knows that cases go to the Court of Appeal on a point of law. Or at least, everyone used to know, but that was before Lord Justice Simon Brown decided to overturn the jury decision that footballer Bruce Grobbelaar had been libelled by The Sun. Whether or not you agree that reversing the judgment is the start of a trend, it was certainly controversial. It challenges assumptions about the role of the Appeal Court and hints at a diminishing acceptance of the jury's ...

  • Reportage

    12-Mar-2001

    Sport, and in particular football, is undeniably big business. The rapid growth in satellite and cable television, which has led to unprecedented competition in the battle to secure the rights to sporting events, means there is more at stake than ever. The large revenue shared by Premier League clubs and the prize of qualification for the Champions League and UEFA Cup has led to players enjoying bigger salaries and chairmen and fans demanding success quicker. To secure the signatures ...

  • Revealed: the contents of the new City LPC

    12-Mar-2001

    The three law schools chosen by the top eight UK firms to run the new City Legal Practice Course (LPC) have exclusively revealed to The Lawyer details of the new curriculum.

  • Shearmans continues Euro drive with new Munich office

    12-Mar-2001

    New York-based law firm Shearman & Sterling is continuing its expansion in Germany as it announces plans to open in Munich.

  • Slaughters' Pescod takes early retirement

    12-Mar-2001

    Senior Slaughter and May corporate partner Michael Pescod is retiring from the firm in July.Pescod's departure from one of the industry's closest partnerships will come as a shock to the City.He is one of the highest billing lawyers in the market and last year racked up a deal value of £63.3bn on just two deals. He acted for Glaxo Wellcome on its merger ...

  • Star wars

    12-Mar-2001

    Globalisation of businesses and the use of the internet as a communication norm have contributed to the growth in media deals and disputes. Bigger deals, resulting in mammoth media organisations, and the impact of new laws on businesses, are some of the challenges that lawyers faced in the year 2000.As the law rapidly changes and grows in this area, The Lawyer has attempted to draw together the top technology and media deals of 2000. The list is subjective, but features ...

  • Technology, Media and Telecommunications

    12-Mar-2001

    US online auctioneer eBay buys French rival iBazar in a share exchange transaction worth up to $112m (£76.6m). The seller of iBazar advised by Jones Day Reavis & Pogue (Olivier Edwards) and Stibbe (Olivier du Mottay). eBay advised by Cooley Godward.

  • The Bar Council response

    12-Mar-2001

    Last week's OFT report is glib and dogged in its ignorance of how the interests of justice play a role in the issues at stake. No credible assessment of the public interest benefits, arising from the OFT's suggested changes, has been produced.People are more than just consumers - they are citizens who require the protection of a strong framework for justice, including an independent legal profession.The Bar Council supports the promotion of a competitive ...

  • The Law Society response

    12-Mar-2001

    Consumer choice and providing access to good-quality legal advice is essential, and the Law Society welcomes any moves by the OFT that will help us achieve this while at the same time maintaining consumer protection.

  • The Leader column

    12-Mar-2001

    Just what on earth is the Bar Council getting so hot under the collar about? The OFT report is not exactly unexpected, or indeed unwelcome. Direct access has been around in some form or another for many years - right up until 1955, Joe Public could go directly to the bar on a whole range of matters. The Bar Council's own big initiative in 2000 was BarDirect and the joint venture of Brick Court Chambers, One Essex Court and Essex Court Chambers with the Commerce and Industry Group signals ...

  • The MDP response

    12-Mar-2001

    The Office of Fair Trading (OFT) report is the beginning of a process, not the end. The Law Society of England and Wales has already started down the road towards greater liberalisation of the legal profession, but what is now very clear is that the Government is going to be staring hard over its shoulder as it does so. The OFT has given the profession not more than a year to make progress or face further action. And this is no idle threat - the OFT has considerable powers under the ...

  • The OFT report: the legal

    12-Mar-2001

    The OFT is launching an attack on legal professional privilege following the publication of its long-awaited report into the professions.

  • The Personnelity

    12-Mar-2001

    For the modern law firm, as for many types of organisations, the need to encourage diversity has become something of a mantra for success. Whether it refers to client lists or areas of practice expertise, diversity is hailed by many as the new specialisation. It is this as much as anything that fuels the continual merry-go-round of mergers and acquisitions.Nowhere is this quest for diversity felt more keenly than in the HR office. Although last year's ...

  • Visa hires general counsel

    12-Mar-2001

    Visa International has appointed a general counsel. Guy Rounsaville is joining from the San Francisco office of US firm Allen Matkins Leck Gamble & Mallory, where he was co-managing partner and head of corporate.

  • Walkers goes global with London office

    12-Mar-2001

    Leading Cayman Islands firm Walkers is opening a London office to focus on structured finance and capital markets work.

  • Win lose

    12-Mar-2001

    Gobsmacked" was the reaction of one senior litigator when informed of the poor showing of the UK's magic circle law firms in the first ever comprehensive survey of performance in the Court of Appeal. This first-ever survey of its kind, conducted by The Lawyer, reveals a set of statistics that throw up some extraordinary revelations. Not least of which is that only one of the UK's magic circle,