16 June 2003

The Lawyer

  • ... as CC scoops Govt's private equity initiative

    16-Jun-2003

    Clifford Chance has been brought in by the Government to structure and design a groundbreaking private equity programme designed to promote entrepreneurial culture in the UK and to bridge the country's equity gap.

  • A pretty picture

    16-Jun-2003

    With its acquisitive streak finally slowing down, Getty Images' legal department has its sights set on image rights. Steve Hoare reports.

  • A private viewing

    16-Jun-2003

    One of Tulkinghorn's colleagues contributed an incisive little article to Oxford University Law Society's magazine Verdict last month, but it wasn't the only good read in the Trinity Term issue. Running alongside the piece by Lawyer 2B's Jennifer Farrar and another by reformed drug smuggler Howard Marks was a fascinating piece by Trinity College president and Blackstone Chambers tenant Michael Beloff QC.Beloff takes the opportunity to discuss 'views'. ...

  • A&O and Addleshaw Goddard emerge victorious from BT review

    18-Jun-2003

    British Telecom (BT) has concluded its review of its legal advisers, appointing Allen & Overy and Addleshaw Goddard to its preferred adviser panel for the first time.Freshfields Bruckhaus Deringer, Ashurst ...

  • A&O champions poor on water privatisation deals

    16-Jun-2003

    The treatment of poor people by banks involved in water privatisation projects in developing countries is at the centre of influential recommendations drawn up by Allen & Overy (A&O) lawyers on a pro bono basis.Some of the ideas were presented by the firm's London-based projects partner Jeff Delmon at the Kyoto conference in Japan and have since crystallised into recommendations due to be placed before a host of leading banks, including the World Bank.

  • A&O faces yet another storm over conflicts

    16-Jun-2003

    Allen & Overy (A&O) has become embroiled in yet another potential conflict of interest. This time the firm is advising advertising giant WPP, a favourite to buy its troubled rival Cordiant Group and Cordiant's lending banks, which have the final say over who the company sells to.

  • A&O scores instruction from Korean Eximbank

    16-Jun-2003

    Allen & Overy’s (A&O) London office has advised on its first deal for the Export-Import Bank of Korea (Eximbank).

  • Actuary maybe

    16-Jun-2003

    With actuaries more vulnerable to the risk of claims than ever before, where do the insurance companies stand? Robert Lloyd investigates

  • Addleshaws and Lawrence Graham score Wimbledon FC

    16-Jun-2003

    Lawrence Graham and Addleshaw Goddard are continuing to benefit from the woeful financial state of English football, with the two firms sharing the spoils of the Wimbledon FC administration.

  • Addleshaws plans LLP and MBO to offload Enact arm

    16-Jun-2003

    Addleshaw Goddard is set to convert to a limited-liability partnership and spin-off its bulk housing business Enact, probably through a management buyout (MBO).

  • Barclays rejects merged entity Addleshaw Goddard

    16-Jun-2003

    The merger of Addleshaw Booth & Co and Theodore Goddard has received a setback following its failure to secure a place on the Barclays general advisory panel.

  • Bevan Ashford launches bank group

    16-Jun-2003

    Bevan Ashford is to launch a dedicated banking practice from its London office with a partner-level hire from Denton Wilde Sapte.

  • BLP guns for Close Bros after Osborne Clarke raid

    16-Jun-2003

    Berwin Leighton Paisner's (BLP) private equity practice is eyeing Close Brothers and Matrix Securities after hiring Osborne Clarke partner Geraint Lloyd.

  • Boston's Mintz Levin makes shock entry into London market

    18-Jun-2003

    Boston-based Mintz Levin Cohn Ferris Glovsky and Popeo is gearing up to brave London’s choppy legal market after announcing plans to open an office later this summer. The firm is hoping to make its mark in IP, specifically in the biotechnology sector, and has taken space at The Rectory, 9 Ironmonger Lane, marking its first foray into Europe. So far Mintz Levin has focused on its domestic market with offices in Boston, Washington, Reston, New Haven and also New York, ...

  • Breaking down barriers

    16-Jun-2003

    Eversheds has just taken its bravest step yet in its hunt for non-performing partners. The national firm has gone open plan in all of its new offices. Apparently, according to the office move consultants that advised on this momentous step, open plan increases productivity and enhances information-sharing. Newcastle, Cardiff, Cambridge, Manchester... the list of wall-less hives of activity goes on and ...

  • Cadwalader and Slaughter and May reunite for MyTravel battle

    16-Jun-2003

    After Cadwalader Wickersham & Taft was slammed by Mr Justice Jacob for trying to place Slaughter and May client Colt Telecom into administration, the two firms have entered the ring again to fight over the refinancing of MyTravel.

  • Canary Wharf sticks by Clifford Chance on sale...

    16-Jun-2003

    A team led by Clifford Chance corporate finance partners Adam Signy and Joel Ziff is gearing up to advise Canary Wharf on its impending sale, following a formal offer last week from the Morgan Stanley Real Estate Fund.

  • CC boosts DC office with US govt capture

    17-Jun-2003

    Clifford Chance’s Washington DC office has strengthened its projects group by recruiting the former assistant general counsel of the Overseas Private Investment Corporation (OPIC).Ronald Jonkers is joining Clifford Chance after 11 years at OPIC, a development agency which is part of the US government, where he specialised in large project finance deals in a number of emerging markets, ...

  • Clydes and Irwin Mitchell brought in on Abacha case

    16-Jun-2003

    Byrne & Partners, the firm set up by former Decherts fraud specialist partners, has brought in Clyde & Co and Irwin Mitchell to act for the family of deceased Nigerian dictator General Sani Abacha in pending High Court litigation.

  • CMS set to secure Spanish ally Roca

    16-Jun-2003

    Cameron McKenna's CMS network is moving closer to finding a Spanish member having started due diligence with respected banking and corporate firm Roca Junyent.

  • Corporate deals round-up

    16-Jun-2003

    DLA (Mark Jackson, Steven Fennell, David Breakell) advised PricewaterhouseCoopers, Barclays Bank and GMAC Commercial Credit on the sale of Daisytek-ISA to ISA Trading for in excess of £30m. Dechert acted for ISA Trading.

  • Cuatrecasas builds up NY office

    17-Jun-2003

    Cuatrecasas is doubling partner capability in its New York office. The firm is moving two partners there from Madrid to replace Javier Villesante, the incumbent director, who is going back to Cuatrecasas in Madrid. Javier Asensio and Victor Xercavins, tax and corporate partners respectively, will run the New York office together from 1 July this year. Cuatrecases shares its New York office with its Iberian best friends Gonçalves Pereira Castelo Branco (Portugal), ...

  • Curtis Mallet relaunches Milan office

    16-Jun-2003

    New York firm Curtis Mallet-Prevost Colt & Mosle’s associated firm in Milan has merged with two Italian law firms and launched a new Milan office. Curtis Mallet-Prevost & Gilioli has teamed up with Alemani & Bocchiola and Tamburini & Associati. The new firm has eight partners in addition to Eric Gilioli, who acts as Italian managing partner. The Milan firm will formally practice as Gilioli Alemani Bocchiola Tamburini e Partners in associazione con Curtis Mallet-Prevost Colt & Mosle ...

  • Deals may be down, but the march into China carries on

    16-Jun-2003

    Law firms remain confident that China will weather the current economic storm.

  • Duffel bags at dawn

    16-Jun-2003

    News of a riot at the recent securitisation conference in Spain has reached Tulkinghorn's ears. Securitisation lawyers are a rowdy bunch anyway, but are also known to get really excited when they spot a bargain - well, anything free actually. This was something that those manning the White & Case stand at the conference discovered to their cost.Word spread quickly of the fetching duffel bag (pictured - The Lawyer not included) given to visitors at the White & ...

  • EU reforms give the all-clear for electronic documentation

    17-Jun-2003

    Reforms to the EU’s company law regime that take account of the development of electronic communications have been approved by the EU Council of Ministers. The changes require member states to permit from 2007 the filing of official documents electronically. They also allow electronic copies of company documents to be obtained, governments to establish internet versions of their national gazettes and insist that electronic letters and order forms include particulars, such ...

  • Eversheds' German merger talks collapse

    16-Jun-2003

    Eversheds' hopes of a deal in Germany have been scuppered yet again after talks with Cologne firm Cornelius Bartenbach Haesemann & Partners ended in failure to secure a relationship.

  • Fathers’ rights group occupies Family Court

    16-Jun-2003

    Hundreds of angry fathers dressed in black and brandishing purple flags have staged a demonstration at the High Court in London as part of a Fathers’ Day protest against their treatment at the hands of Family Division judges. Between 60 and 70 men made it past security guards on Friday (13 June) to occupy the Family Court building itself, while the protesters claim that up to 500 others staged a non-violent protest outside. The court is believed to have been in session at the time and, ...

  • Fenwick suffers further litigation exit

    17-Jun-2003

    Fenwick & West has been hit with yet another departure in litigation, this time to Los Angeles firm Quinn Emanuel Urquhart Oliver & Hedges.Partner Claude Stern, an intellectual property specialist, has jumped shipped to Quinn Emanuel. His move follows the surprise defection earlier this year of Fenwick’s former litigation group chairman Timothy Roake to Gibson Dunn & Crutcher. Before Roake, Patricia Lucas, a senior litigation partner at Fenwick’s Palo ...

  • Fighting for survival

    16-Jun-2003

    The past few years have seen insurers wielding their axes over their legal panels. Naomi Rovnick reports on the dreaded review that leaves every adviser worried

  • Forsters wins planning work

    16-Jun-2003

    Niche property firm Forsters has won a beauty parade to act for the Royal Borough of Kensington and Chelsea on the preparation and negotiation of Section 106 Planning Agreements. Partner and head of planning Michael Cunliffe will lead the Forsters team, supported by Caroline Carter and Eleanor Penn.

  • Garretts hire brings Queens Moat Houses to BLP

    17-Jun-2003

    Berwin Leighton Paisner (BLP) has won new client Queens Moat Houses through Garretts lateral Andrew Little, who joined in May 2002 when the accountancy-tied firm collapsed. Little, a former general counsel for Holiday Inn Hotels, had several key clients, including Muirgold, the Hilton Hotel Corporation and conference centre operator Hailey. He has just advised Queens Moat Houses ...

  • Giliberti, Dickson Minto scoop telco bid

    16-Jun-2003

    Italian M&A boutique Giliberti e Associata and UK firm Dickson Minto are cashing in on their client's successful bid in Europe's largest leveraged buyout.

  • GLA picks Wragges for panel

    16-Jun-2003

    Wragge & Co has won a place on the Greater London Authority's (GLA) legal panel, scooping instructions to advise it in connection with London's bid to host the 2012 Olympic Games.

  • Government reforms could bring overhaul of Privy Council function

    16-Jun-2003

    The judicial function of the Privy Council is facing a radical review similar to that announced for the Law Lords last week.

  • Happy ending

    16-Jun-2003

    The dramatic demise of The Accident Group has created an opportunity for lawyers to move back into an industry once dominated by the claims farmers. Jon Robins reports

  • Hodgart parts with Hildebrandt

    16-Jun-2003

    Strategy consultant Alan Hodgart is leaving Hildebrandt International to set up his own business. Hodgart, a well-known commentator in the legal sector, merged his business Hodgart Temporal with Hildebrandt three years ago. First reported on www.thelawyer.com/lawyernews 11 June

  • IBM IP head jumps ship to Microsoft

    16-Jun-2003

    Microsoft has poached the intellectual property (IP) chief of rival technology giant IBM. Marshall Phelps will manage Microsoft’s entire IP portfolio from its West Coast HQ as vice-president and deputy general counsel for IP. He will be responsible for 3,000 US patents and over 11,000 trademarks. First reported on www.thelawyer.com/lawyernews 10 June

  • It's official: Freshfields ousted by Linklaters from top level RBS role

    16-Jun-2003

    Linklaters has sealed its new relationship as preferred PLC-level adviser to the Royal Bank of Scotland (RBS) by closing the bank's successful acquisition of Churchill. The magic circle firm is now installed as primary board-level adviser to three of the big five UK clearing banks.

  • Leader

    16-Jun-2003

    If Tony Blair had wanted to appease the left of the Labour Party, then abolishing the role of Lord Chancellor was a darn effective way of doing it.

  • Legacy Biddle partners to quit Pinsents after strategy review

    16-Jun-2003

    Pinsents is saying goodbye to three partners and four assistants, originally from its 2001 London merger partner Biddle, following strategy and performance reviews.

  • Lex Mundi signs up Sri Lankan friend

    17-Jun-2003

    International legal network Lex Mundi has signed up Sri Lanka’s oldest and largest firm, FJ & G de Saram.The firm has become the exclusive Lex Mundi member for Sri Lanka.FJ & G is a full-service commercial firm with a particular focus on banking, investment, telecommunications, copyrights and intellectual property.Lex Mundi has 160 firms world wide, covering North America, Europe, Latin America, Asia-Pacific, the Middle East and Africa.

  • Linklaters' billing held up by new IT system

    16-Jun-2003

    Linklaters' chief executive Jim Wadia admitted last week that the firm had not processed a single bill in May on its new SAP IT system, which began rolling out last month.

  • London Underground set for shake-up of external advisers

    16-Jun-2003

    London Underground Limited (LUL) has kickstarted a full-scale review of its external lawyers in anticipation of the company being transferred to Transport for London (TfL) next month.

  • Lovells hires Asia corporate head

    16-Jun-2003

    Lovells has hired Greg Terry, former director and group general counsel of Hong Kong conglomerate Jardine Matheson, as head of the firm's Asian corporate practice.

  • McDermotts loses telecoms star to Wilmer Cutler

    16-Jun-2003

    McDermott Will & Emery’s London office has been left without a recognised telecoms expert after partner Stephanie Liston resigned to join the London office of Wilmer Cutler & Pickering. Tax partner Jonathan Ivinson is also leaving for the London office of US firm Hogan & Hartson to launch its tax team. Liston’s exit is a serious blow: since joining from

  • Not quite a superhighway

    16-Jun-2003

    Next time you receive an email from Reynolds Porter Chamberlain, you will be pleased to know that the firm updates its website every day. Why is Tulkinghorn telling you this? Because the firm wants your help to win a legal magazine's annual award for best website, and at the bottom of the email you will find a link to a website where you can vote for the firm.The only ...

  • OPINION

    16-Jun-2003

    Although Gordon Brown's latest Budget contained relatively few surprises, it did contain one fascinating admission. The Government announced that it wanted to discuss the options with business to ensure that the UK tax regime remained "robust to legal challenge" under European law.This public acknowledgement of the vulnerability of domestic tax law shows the Inland Revenue putting a brave face on what is a major policy dilemma. It might seem surprising that European ...

  • Pattinson & Brewer faces negligence claim

    16-Jun-2003

    Personal injury (PI) and clinical negligence firm Pattinson & Brewer is being sued for negligence by a brain damaged former electrician.

  • Paul Hastings adds partner to Taiyo Law Office

    16-Jun-2003

    Paul Hastings Janofsky & Walker has bolstered its Tokyo real estate finance practice with the appointment of Naosuke Fujita, the managing director of Goldman Sachs’ legal department in Japan. Paul Hastings hopes that Fujita’s move to its joint venture firm Taiyo Law Office as a partner will strengthen relations with the US investment bank. First reported on www.thelawyer.com/lawyernews 11 June

  • Pee-for-all

    16-Jun-2003

    During a recent visit to Herbert Smith's London office, one of Tulkinghorn's female colleagues was a little shocked to discover that in addition to the ladies' and gents' lavatories in the firm's client dining area, it also has one for unisex use. Mrs Tulkinghorn was a little puzzled as to why such a room existed, especially after being told that she was only allowed to enter if accompanied by a member of the opposite sex. Please send explanations, in confidence ...

  • Premiums to soar as post-SIF honeymoon ends

    16-Jun-2003

    After three years of cheap cover on the open market, law firms this year will pay more for their primary-level insurance than they did in the year that the Solicitors Indemnity Fund (SIF) collapsed.

  • Rare national parks inquiry goes way of 4-5 Gray’s Inn Square

    17-Jun-2003

    Robert Griffiths QC of 4-5 Gray’s Inn Square has beaten off several rivals to become counsel to the inquiry investigating a proposal to make the South Downs one of only two national parks to be established in the last half-century.Although the set declined to comment on Griffiths’ fees, they are likely to be substantial considering the fact that he will have to reject all other work for the duration of the inquiry, which is estimated to be 18 months. It will be the longest ...

  • Reality reading

    16-Jun-2003

    Tulkinghorn would like to assure readers that the following story is not a sign of things to come. Reality TV gossip is most definitely not going to become the staple diet of this page. Nevertheless, Tulkinghorn feels obliged to draw readers' attention to Big Brother 3, and specifically to contestant Federico's choice of reading matter. According to Mrs Tulkinghorn, each entrant to the Big Brother household was allowed one book to fend off the boredom.Now, Tulkinghorn ...

  • Reed Smith appoints ex-Hammonds head

    16-Jun-2003

    Reed Smith has hired Giles Beale, the former head of Hammonds’ institutional practice, as a partner in its business and finance group. Beale joined Hammonds in 1996 from Simmons & Simmons to launch the firm’s corporate finance practice in London. Beale brings a string of clients with him, including Evolution Beeson Gregory, Robert Baird and Invest Industrial.

  • Shearman’s London office bags third Linklaters lawyer

    17-Jun-2003

    Shearman & Sterling’s London office is continuing its aggressive recruitment drive after taking on another former Linklaters lawyer. John Schmidt, a senior associate in competition who has experience in a number of areas, including EU, UK, German and multijurisdictional merger control, spent five years in Brussels at his former firm before returning to London in 2002. His arrival ...

  • Simmons stakes all on investment as profits slide

    17-Jun-2003

    City firm Simmons & Simmons has announced a rise in turnover of 12.6 per cent to £176.9m, but is set to post average profits per equity partner of around £300,000, representing a drop of some 20 per cent.It is the second year in a row that average profits have fallen. In 2002 they fell to £375,000 from 2001's high of £412,000.Senior partner Janet Gaymer told The Lawyer: "It's as expected. We invested in new offices – Tokyo, Düsseldorf, ...

  • Slaughters votes in two on key partnership board

    16-Jun-2003

    Slaughter and May has elected litigator Richard Clark and employment lawyer Jonathan Fenn to the firm’s partnership council.

  • Starry night

    16-Jun-2003

    Last week, Schillings, the media firm that's gotten so glitzy it's in danger of being mistaken for a celebrity hairdressers, kindly invited plain old Tulkinghorn to its party at the Sanderson Hotel. Imagine his glee when in the sea of long legs and Maldives tans he spotted a few famous faces, including singer Holly Valance, presenter Jeremy Clarkson and the delightful Ulrika Jonsson. Tulkinghorn couldn't possibly name her, but also present was a certain 'It' ...

  • Tarlo Lyons hopes to build relationship as partner departs to Deutsche Bank

    16-Jun-2003

    Tarlo Lyons IT partner Laetitia Muir has quit after just one year with the firm to join client Deutsche Bank.

  • Taylor Vinters

    16-Jun-2003

    They do things differently at Taylor Vinters, and it seems to be working. The Cambridge-based firm broke the £10m turnover barrier for the first time during the last financial year, despite a difficult corporate and commercial market.According to managing partner Christine Berry, the growth in turnover has been driven by an increase in restructuring work, the firm's expansion of its private client practice and a buoyant local property market.The commercial ...

  • Taylor Wessing set to shun technology

    16-Jun-2003

    Anglo-German firm in shock U-turn as profits slide; IT departures imminent

  • The burden of proof

    16-Jun-2003

    Financial advisers are in the firing line as more people lose money from their investments, but Charles Hewetson and Aamir Khan say that proving a case is not as easy as it might seem

  • The handy man

    16-Jun-2003

    We've all had dodgy photos taken of us. Whether it be while wearing silly shorts on holiday or having a bad hair day, but Clifford Chance's Michael Smyth is possibly the first person Tulkinghorn has heard of to have a bad hand day. While we're sure that Smyth would deny all rumours that this was in fact a photo of his Spitting Image puppet, the look on his face seems to suggest he ...

  • Tite & Lewis snubs EY with opt-out from global network

    16-Jun-2003

    Tite & Lewis has cold-shouldered Ernst & Young's (EY) alliance, which look set to form a global network closely integrated with EY's non-audit practices.

  • TLT completes record year with HQ move

    17-Jun-2003

    Bristol firm TLT has grown its turnover by 14 per cent to hit £15.75m.The last 12 months leading up to TLT’s third birthday have been its most successful to date. Average profits per equity partner have risen from £135,000 for 2001-02 to £175,000 for the last financial year. The number of equity partners has remained the same at 18. Last time, the equity spread was £90,000-£150,

  • Too little too late

    16-Jun-2003

    Is a solicitor guilty of negligence if a new judgment means old advice is now wrong? Simon Monty QC reports on how the law can change while a case is ongoing

  • Trading places

    16-Jun-2003

    Lawyers may be doing well out of the booming litigation culture, but they need to watch their backs as they are increasingly finding themselves the target. Barney Micklem reports

  • True Brit

    16-Jun-2003

    Paul Maher masterminded the Mayer Brown Rowe & Maw merger, and he's not stopping there. Julia Cahill meets a driven man

  • Wachtell lawyers face court appearance against client Martha Stewart

    17-Jun-2003

    New York’s Wachtell Lipton Rosen & Katz may soon be viewing the trial process from the other side after it emerged that two of its partners could be called as witnesses in the case against client Martha Stewart.Litigation partners Lawrence Pedowitz and John Savarese may be asked to the stand as witnesses for the prosecution. This is based on an indictment, issued on 4 June by the Southern District of New York, a branch of the Department of Justice (DoJ), that accuses ...

  • Why lawyers could become the new investment bankers

    16-Jun-2003

    KPMG survey reveals that lawyers are the advisers of choice for corporates.

  • WorldCom pair quits after more revelations

    16-Jun-2003

    Worldcom general counsel Michael Salsbury resigned last week, together with treasurer Susan Mayer, following further revelations of the accounting scandals that bankrupted the telecoms company.

  • Zimbabwe puts judge on trial

    16-Jun-2003

    Fergie Blackie, the retired judge arrested in Zimbabwe last year for allegedly attempting to defeat the course of justice, is facing trial at the end of this month.