13 November 2000
The Brussels legal services market has seen substantial changes in the last few years. Following the arrival of UK and US firms and the tidal wave of mergers and alliances, the law firms' landscape in the capital of Europe is composed of two groups: the first comprises five large firms with more than 100 fee-earners and the second consists of smaller, almost exclusively niche firms. The top tier five larger firms are De Bandt Van Hecke Lagae Loesch (
Global CC axed for Ashursts
Thirty lawyers are leaving Belgium's biggest practice Loeff Claeys Verbeke to go it alone. The departures come as the rest of the firm finally agrees to merge with Allen & Overy (A&O).
Allen & Overy (A&O) is raiding US rival Orrick Herrington & Sutcliffe in Singapore and taking on its first securitisation partner in that country.
Abbey National targets Bank of Scotland in a merger bid worth £24bn. Abbey National advised by Slaughter and May (Frances Murphy and William Underhill), Lehman Brothers and UBS Warburg. Bank of Scotland advised by Herbert Smith (Michael Walter), Credit Suisse First Boston and Cazenove.
Herbert Smith's relationship with long-term client Bank of Scotland has brought it once again into the M&A fray.
Ashurst Morris Crisp has just completed its first Australian telecom deal for Virgin Mobile.
Herman Schlindwein, who specialises in servicing sports clients at the Linklaters & Alliance's German member firm, will bring the number of partners at Ashursts Frankfurt office to seven.
Barclays Capital arranges and underwrites £680m worth of senior and mezzanine facilities in connection with the leveraged acquisition of Rank's holiday division by a consortium comprising Bourne Leisure Group
New York firm LeBoeuf Lamb Greene & MacRae is beefing up its City insurance capability by hiring the senior partner of Berrymans Lace Mawer's London office.
Ars Electronica: Facing the Future, edited by Timothy Druckrey, ISBN 0262041766As all that is e becomes more mainstream and enters common discourse and business practice, there is a tendency towards an uncritical acceptance of the current position, historical development and future status of cyberspace.Throughout the mainstreaming of new media there have been writers and artists who raised questions. This collection of papers from the Ars ...
There have been two defining moments in the 73-year history of North-West firm Mace & Jones.The first was the implementation of the Industrial Relations Act 1971 under Edward Heath. The new legislation turned the firm into one of the North West's most highly respected employment practices, while making head of employment Martin Edwards one of the leaders in his field.The other occasion was Mace & Jones' merger with Cheshire-based Grundy Kershaw, ...
Clifford Chance is stealing a march on rivals by sending a property finance partner to Tokyo.
Top Italian firm Chiomenti Studio Legale is losing its head of international finance in Milan to Allen & Overy (A&O).
Citigroup is relocating senior in-house lawyer Bradley Gans from New York as a successor to Laurie Adams as general counsel.
City & West End Group in development agreement with the Pollen Estate. City & West End advised by Denton Wilde Sapte (Stan Gniadkowski, Tarnya French, Zofia Kordek). The Pollen Estate advised by Eversheds (William Naunton, John Rothwell).
New York firm Cleary Gottlieb Steen & Hamilton is relocating four partners to Asia, which will more than double its partner presence in the region.
The traditional North West triumvirate - Eversheds, DLA and Addleshaws - all secured places on the CRP deal.
These two deals are part of a slew of transactions A&O's Stephen Gillespie has pulled off in the past few weeks.
Thirty-one Garretts fee-earnersmoveto DL; Williams defends Andersen's regional strategy
Home Secretary Jack Straw's controversial proposals, expected to be included in the Queen's speech this week, have drawn fierce criticism from all sections of the legal profession.
Collective action. It may make the hearts of old Marxists sing, but it's not quite the done thing in the City, until eight City firms - Allen & Overy (A&O), Clifford Chance, Freshfields, Herbert Smith, Linklater
The London office of Los Angeles firm Gibson Dunn & Crutcher has taken on a tax partner from Travers Smith Braithwaite.
Glas Cymru launches a second bid for Welsh Water with a £1.8bn offer financed wholly by debt, with debt funding provided by Citibank and Royal Bank of Scotland.Linklaters & Alliance is advising Glas Cymru. Clifford Chance is representing Citibank and Royal Bank of Scotland.
In the first bid of its kind, Clifford Chance partners Steve Curtis and Alan Inglis are advising Citibank and RBS on the financing of Glas Cymru's £1.8bn offer for Welsh Water.
Gouldens has propelled itself into the realms of the US firms by increasing its trainees' entry-level salaries to £30,000.
The firm has poached the group solicitor from Preston-based property company The Eric Wright Group. Jane Coyle joins as a senior solicitor, as does Andrew Ward, formerly an equity partner and head of property at 11-partner Manchester firm Cooper Sons, Hartley & Williams.
Lazarus, who has been a partner with Jeantet for 20 years, joins Herbert Smith early next year with a team of three assistant avocats. Neil Brimson, managing partner of Herbert Smith's Paris office says: "The arrival of Claude and his team will provide us with a first class EU/ competition law capability in Paris and constitutes an exciting further step in the development of both the Paris office and the firm's wider EU/ competition law practice.
Howard Kennedy has acted on what is believed to be the first UK loan facility for the software industry to base its structure on that used for film financing.
HSBC Private Equity sells controlling interest in engineering product company CRP to Barclays Private Equity for £120m. HSBC Private Equity advised by DLA (Andrew Holt). Barclays Private Equity advised by Addleshaw Booth & Co (Jim Tully). Barclays Bank provided debt and capital to its private equity arm and was advised by Eversheds (Nigel Dale).
The new watchdog body will report directly to the attorney general Lord Williams of Mostyn, the minister responsible for the CPS. The current inspectorate is not independent, reporting to the director of public prosecutions David Calvert-Smith QC, who heads the CPS.
Despite Innogy Holdings undergoing rapid upheavels and diversification, it still relies most heavily on its in-house legal team over ny external firm. And to good effect. Julia Cahill reports
Initial public offering (IPO) of Cosmote - Mobile Telecommunications in Greece and London. Cosmote - Mobile Telecommunications, advised by Dewey Ballantine (Camille Abousleiman). Selling shareholders Hellenic Telecommunications Organisation and Telenor B Invest advised by Dewey Ballantine (Camille Abousleiman). Merrill Lynch and Salomon Brothers advised by Skadden Arps Slate ...
Practical advice for clients is not easy. As Tarlo Lyons IT partner George Gardiner says: "There is no act to mandate for the level of security you should use for any system - so it all comes down to what is appropriate."The Data Protection Act 1998 is the leading legislation in this area. Bill Jones, IT partner at Wragge & Co, says: "When the first data protection act ...
Internet and security are two words that do not sit comfortably together and the perilous notion of safety in cyberspace was further undermined by the recent electronic break-in at Microsoft. If a company of that stature can fall victim to hackers, is anyone safe?There is more than a whiff of media panic about much of the coverage of online security lapses, but the latest breach might have given the City firms that have spent the year falling over themselves to ...
Turnover increased from £0.8m to £1.4m at the City based firm, which this week announced the launch of two new practice areas.
Former Lagerlöf & Leman managing partner has quit to head Pinsent Curtis' new alliance partner Magnusson Wahlin.
The law Society has agreed to speed up moves to allow nonsolicitors to become partners in solicitors' firms.
Senior civil servant, Ann Chant, who headed the quinquennial review, says the Public Trust Office has not come up to scratch in terms of efficiency and performance in client services since it became an executive agency in 1994.
The Lord Chancellor's Department has appointed Cap Gemini Ernst & Young to draw up a business case for a new Commercial Court.
Garrity will join Shearman & Sterlings international bankruptcy and insolvency practice which focuses on debtor, creditor group, bondholder and asset acquisition clients and out-of-court restructuring. The firm's senior partner, Stephen Volk says: "Judge Garrity has broad expertise and will be able to counsel and represent clients on questions arising in insolvencies of virtually any size and in any part of the world."
Linklaters has also taken the managing partners of Burns Schwartz's Bratislava and Bucharest offices to head up its new offices in Slovakia and Romania.
London Borough of Haringey closes £250m eight school private finance initiative (PFI) project. Haringey advised by Eversheds (Mike Mousdale). Main contractor Jarvis advised by Berwin Leighton (Richard Lucas) and senior debt providers Barclays Bank advised by Linklaters (Gideon Moore, Bruce White).
The review of the LSO Ann Abraham's office, which oversees the handling of complaints against solicitors, barristers, licensed conveyancers and legal executives, comes two years later than originally planned.
Leading London planning set 4 Breams Buildings has hired a director of marketing and administration to work with its existing senior clerk.
McKee Nelson Ernst & Young, which is backed by a loan from Ernst & Young and based in the accountants' Washington offices, has persuaded King & Spalding partner, Tom Wessel to follow three of his former tax colleagues to the new firm.
Merger of Dutch biotechnology companies IntroGene and U-BiSys, to form Crucell, and subsequent IPO. Financial adviser Goldman Sachs represented by Linklaters & Alliance (Paul Cronheim). Crucell advised by Allen & Overy, Cleary ...
The country's three most senior judges yesterday laid down guidelines to help check the trend of challenging judges on the grounds of bias, which has become more prevalent since the House of Lords ruling in the Pinochet case.
Norton Rose formed a consortium with Deloitte & Touche and Thomas & Associes and beat off competition from six other consortia to triumph in a competitive tendering process.
Norton Rose has set up a competition practice in its Paris office after making three lateral hires from Coudert Frères in Paris.
Almost all of the property world is in turmoil. The only real exception is the old guard at the top. Evolution and revolution are changing the structure of the property market, the nature of property assets, the way that property is financed and the people who both invest and advise. Yet, for some reason, the apex of the industry has not been struck by the same dynamic. Why?The geographical boundaries of property are changing. UK property companies have ...
Employment practice is a serious issue at the bar. This year, Four New Square paid out £40,000 to a receptionist claiming racial harassment, and there was a four-hour disciplinary hearing before three silks at 4-5 Gray's Inn Square over the position of the operations manager's name on the set's christmas card (which would have cost only £180 to reprint).The list goes on - from last year's court action on pupils' eligibility ...
Prestige Acquisitions makes £507m recommended bid for Powell Duffryn. Prestige advised by Allen & Overy, financial adviser Deutsche Bank represented by Norton Rose (Laurence Levy, Andrew Bamber). Financing was also provided by Nikko Principal Investments. Powell Duffryn represented by
A Department of Trade and Industry spokesman says LLPs will be available to two or more persons carrying on any trade or profession and will have the organisational flexibility of a partnership, with the internal agreement between members remaining confidential.
Niche City media and telecoms firm Rosenblatt Solicitors has won the Wireless Group as a client from under the nose of Olswang.The company, which is the UK's fourth-largest commercial radio group, floated on the London Stock Exchange in May this year when it used Olswang as its adviser.Run ...
Nigel Savage, chief executive of the College of Law, is assembling a group of law firms and LPC providers in an all-out assault on undergraduate legal education.The group is planning to put pressure on the regulators - the Law Society and the Bar Council - to bring about changes in law degrees.Savage says: "The Law Society says there isn't a problem with undergraduate legal education. But ask the Law Society how many qualifying law degrees there are and ...
Jim Keegan last week threw the Scottish criminal justice system into chaos when he won a landmark ruling that the Government was breaching the European Convention of Human Rights by its use of temporary sheriffs.
Shearman & Sterling's London office is losing a project finance partner, believed to be the first partner to leave since the firm launched its UK law capability in 1996.
SJ Berwin is hiring a team of private equity and venture capital lawyers from Baker & McKenzie to set up an office in Munich.
Jeffrey Mishkin represented several sports leagues as a partner at Proskauer Rose before joining the NBA in 1992. He joins Skadden Arps on 1 January. Skadden Arps executive partner. Robert Sheehan describes Mishkin as "one of the leading sports lawyers in the United States" and says he will be a great addition to the firm's sports practice
Brussels firm Stanbrook & Hooper is taking a name partner from niche firm Kemmler Rapp Böhlke Crosby to boost its EU law practice.
In moving from Simmons to take up an in-house position with tabacco comapny Gallaher, Tom Keevil's dispute resolution skills will be fully put to the test. Dearbail Jordan reports
The Global Alliance for E-Commerce Law has appointed Studio Legale Sutti as its first-ever member in Continental Europe.
Currently the firm's Vice Chairman, Cohen succeeds Ricardo Mestres, who must retire under the firm's rules when he turns 67 next year.
It's boom time at the employment bar. Colossal amounts of new legislation account for both an increase in the volume of work and a new slant on the nature of that work. The Disability Discrimination Act 1995, the Public Interest Disclosure Act 1998 and the Employment Relations Act 1999 have all led to an increase in litigation. There is also an increase in the number of people claiming unfair dismissal now that the ceiling for damages has risen from £12,000 ...
Fat cats or skinny kittens? Freeserve employees probably feel like neither at the moment. The management is currently considering recalculating employee share options because their value has plummeted. And if, like Freeserve, you don't have any assets, the retention of good staff - and preventing them going to rivals - is critical. Golden handcuffs have always been particularly suited to technology, media and telecommunications (TMT) companies, which are ...
ReNeuron in £66m Alternative Investment Market (AIM) flotation. ReNeuron advised by Macfarlanes (Tim Lewis). Nominated adviser and broker WestLB Panmure advised by Ashurst Morris Crisp (Michael Johns, Andrew Edge). Principal shareholder Merlin represented by Klegal (Patrick Martin).
Amsterdam and London recently played host to two very different conferences on new media technology. In the terribly hip and happening city of London, the big players met to discuss the future media, business and legal problems streaming media presents. And in Amsterdam, a bunch of artists, activists and anarchists hung around the trendier bars and clubs showing off their pirate streaming stations, guerrilla media and online art.What united the two ...
Henderson: ...the man offered him six funny coloured beans saying that they had magic powers and could grow a beanstalk high into the sky. So he swapped all his possessions and ran off with the beans as fast as his little legs could carry him.Pratchard: What a lovely bedtime story Tom. Who wrote it out like that with the picture of the cow? Your little nephew?Henderson: Alas no. It was Tonkins, a new recruit in corporate. And unfortunately it ...
So the Law Society has just agreed to speed up moves towards allowing multidisciplinary partnerships (MDPs). Given the usual rate of change down in Chancery Lane, this presumably means that our grandchildren may have the honour of working hand in hand with an accountant.Its interim measure is a proposition to allow solicitors to link up with other professions, but only if solicitors are in the majority and only if the other professions become subject to the Law ...
An internal dispute within specialist personal injury law firm Thompsons has led to its English and Welsh divisions splitting from its Scotland branch.
The firm's latest deal involved advising Musicunsigned Ltd (www.musicunsigned.com) - the internet company which promotes unsigned artists via the web - on a venture capital deal with a private investor.
Leigh Day & Co and Manchester firm, Fentons are co-ordinating claims on behalf of British forced labour claimants and will play a consultative role in establishing a foundation in the UK.
Virgin Mobile taps JP Morgan Securities and the Royal Bank of Scotland for £100m financing. Allen & Overy advised JP Morgan and Royal Bank of Scotland (Stephen Gillespie)
Hammond Suddards Edge's London managing partner Gary Watson has resigned to join Ashurst Morris Crisp.
The report commissioned by the City Eight found that complaints revolved around the following:Legal research: this should be emphasised, given that it is a core skill.Letter writing: general writing skills should be developed; client letters would tend not to be written by trainees, but the ability to prepare a good note or summarise research results was considered important.Interviewing: not considered a core skill; a disproportionate amount ...