16 October 2000

The Lawyer

  • A view from Madrid

    16-Oct-2000

    A lot can change in 10 years. I was seconded to a leading Madrid law firm in 1991 as part of what was the firm's "best friend" policy in Europe. At that time, there was a handful of close-knit elitist firms, including Garrigues, Uria & MenÉndez, Armero and Melchor de las Heras. The market was entirely static. Movement between firms was non-existent at assistant level and unthinkable at partner level. Recruitment was therefore from the traditional source, the universities, with organic ...

  • A&O wins top lawyer from Nauta Dutilh

    16-Oct-2000

    Allen & Overy (A&O) has poached one of the Netherlands' most prominent intellectual property (IP) lawyers from top Dutch firm Nauta Dutilh.

  • Aggregate Industries

    16-Oct-2000

    Aggregate Industries pays £29m for building assets of Tarmac. Aggregate Industries advised by Hammond Suddards Edge (Roger Birchall). Tarmac represented by Eversheds (Helen Ridge, Howard Gill, Chris Moff).

  • Allen Allen & Hemsley loses top Singapore partner to Freshfields

    16-Oct-2000

    Australian firm Allen Allen & Hemsley's Singapore office is losing a leading securities partner to Freshfields Bruckhaus Deringer.

  • Asda

    16-Oct-2000

    Asda buys 48 in-store NHS pharmacies from Alliance UniChem. Moss retail division of Alliance UniChem, advised by Mundays (Simon Withers). Asda advised by Eversheds (Suzanne Stokers).

  • Baker & McKenzie "becomes second London firm" to offer US tax facility

    18-Oct-2000

    The move is thought to make the firm only the second in the City to offer both UK and US tax advice - after Allen & Overy nabbed US partner Stephen Fiamma from the London office of Jones Day Reavis & Pogue (The Lawyer, 13 March).

  • Baker & McKenzie launches US tax practice in London

    16-Oct-2000

    Baker & McKenzie (B&M) is adding a US tax partner to its London office from accountants Deloitte & Touche.

  • Bar squeezes senior clerks

    16-Oct-2000

    Senior clerks are facing concerted pressure to reduce their earnings as chambers look to cut overheads.

  • Bird & Bird scoops MP3's pan-European business

    16-Oct-2000

    Bird & Bird has landed leading internet music distributor MP3 as a client following a competitive tender process.

  • BOOK REVIEW

    16-Oct-2000

    The Internet and Everyone, by John Chris Jones, published by Ellipsis (ISBN 1899858202)There are many odd things about The Internet and Everyone. It's almost 600 pages long, but each one is odd - first its A6 size, then in layout, sometimes one column, sometimes two, sometimes both, and then in content. Written by a former professor at the Open University, and author of classic texts on the process of eSign, this little ...

  • Can't cook, won't cook

    16-Oct-2000

    After spending a year out discovering her dislike for cooking and rediscovering her love for law, Nicola Walker has returned to work at Hogan & Hartson. Fiona Callister investigates

  • CFAs threaten chambers' case management skills

    16-Oct-2000

    CHAMBERS are leaving themselves dangerously exposed because of their failure to keep accurate records of their commitment to conditional fee arrangements (CFAs).

  • Clifford Chance adds Grimaldi to its empire

    16-Oct-2000

    Clifford Chance is set to merge with long-time Italian joint venture partner Grimaldi e Associati after a series of tense negotiations concerned with profit integration.

  • Clifford Chance woos Wolf Theiss to plug Austrian gap

    16-Oct-2000

    In its latest quest for European expansion, Clifford Chance is courting the Austrian firm Wolf Theiss & Partners.

  • Clinical decisions - a recent history

    16-Oct-2000

    Heil v Rankin & Ors Court of Appeal, 23 March 2000This was an eagerly-awaited case, as the Law Commission in Report No 257 had recommended that the level of damages for non-pecuniary loss for personal injuries (PI) should be increased where awards for the non-pecuniary loss for the injury alone would be more than £3,000. The recommendation made was for an increase by a factor of 1.5-2.The Court of Appeal heard eight cases jointly in order ...

  • Corporate

    16-Oct-2000

    Wyevale Garden Centres in £111m recommended offer for Country Gardens. Theodore Goddard represented Wyevale (Simon Griffiths, Michael Black). Country Gardens advised by Berwin Leighton.

  • COUNTYWeb.com

    16-Oct-2000

    COUNTYWeb.com admitted to AIM. Issuer, COUNTYWeb.com advised by Stringer Saul (June Paddock). Nominated adviser Brewin Dolphin Securities advised by Halliwell Landau (John Whatnall).

  • Cover story

    16-Oct-2000

    Together, these men control businesses with a total annual turnover in excess of £100m. They are the big boys commanding big pay packets and governing an empire, the influence of which extends across global financial centres. They are the senior clerks. Between them, they run the five premier commercial sets of chambers in the country, and throughout the years they have built the careers of some of the legal profession's brightest and most successful individuals. .

  • DAVID GRIEF

    16-Oct-2000

    Essex Court chambersGrief entered the clerking fraternity aged 17 as a result of his father's friendship with silk Pete Goodfellow QC, at the chambers now known as 4-5 Gray's Inn Square. Within six months, he had been elevated to the position of first junior (basically the deputy to the senior clerk), a leap that could take anything from five years to a lifetime to achieve in today's world. In 1977 he left to become senior clerk at 17 Old Buildings ...

  • Deloittes replaces European legal head

    16-Oct-2000

    Top five accountant Deloitte & Touche is shaking up its European legal provision following the departure of Jean-Bernard Thomas earlier this year.

  • Dewey Ballantine sets up international reform practice

    16-Oct-2000

    NEW YORK firm Dewey Ballantine is hiring from the World Bank and International Monetary Fund (IMF) to set up an international legislative reform practice.

  • Eversheds boosts private equity department

    20-Oct-2000

    Ian Richardson, who was head of corporate at Eversheds' Leeds office for 18 months, is relocating to London with two associates to shore up the two partner City private equity group.

  • Fight for the rights

    16-Oct-2000

    This year, Pearson launched the biggest rights issue the UK has ever seen in order to raise the capital to buy National Computer Systems. Dearbail Jordan notes the effects four months on

  • First Bulgarian

    16-Oct-2000

    First Bulgarian water privatisation supported by European Bank for Reconstruction and Development (EBRD). Municipality of Sofia advised by CMS Cameron McKenna (Richard Temple).

  • Flitcroft quits UCI for post at AstraZeneca

    16-Oct-2000

    COMMERCIAL lawyer Joanne Flitcroft joins AstraZeneca, boosting its in-house capability.

  • IAN MOYLER & JULIAN HAWES

    16-Oct-2000

    Brick Court ChambersMoyler first entered the bar in 1982, having worked as a solicitors clerk in a small city firm. In 1986 he joined Brick Court, taking responsibility for the trolley-pushers. Meanwhile, at 18 years of age, Hawes had started at 12 King's Bench Walk before rapidly becoming senior clerk by the time he was 21.Both became ensconced at Brick Court, splitting the junior diary between them. In some ways, Moyler and ...

  • ITIS Holdings

    16-Oct-2000

    ITIS Holdings floats on Alternative Investment Market (AIM). ITIS Holdings advised by Paisner & Co (Stephen Nelson). Nominated adviser and broker Altium Capital advised by Taylor Joynson Garrett (Tim Stocks).

  • JARGON-BUSTING - THE A-Z OF NEW MEDIA

    16-Oct-2000

    Digital: The basic building blocks for the whole thing. Where analogue information is made up of streams of electronic signals of varying frequency - streams that degrade as they are copied with each generation getting further away from the original - digital data is made up of ones and zeros, endlessly reproducible, easily exchanged and perfect every time. Digital information is the language of computers and increasingly that of telephony, music, TV and - watch ...

  • Jilted brides finally find their match

    16-Oct-2000

    Denton Hall and Wilde Sapte announced they were to become Denton Wilde Sapte. The 200 partners of the firms voted in favour, but senior Wilde Sapte equity partners James Johnson, Nick Syson and Jonathan Shann decided not to join the party. Denton Hall chairman James Dallas retained his position, as did managing partner Virginia Glastonbury and international head David Moroney. Wilde Sapte senior partner Mark Andrews became deputy chairman, while managing partner ...

  • Jones Day goes one up on Silicon Valley firms with 'no equity' plan

    16-Oct-2000

    CLEVELAND firm Jones Day Reavis & Pogue is launching an office in Silicon Valley with a plan to set itself apart by refusing to accept equity in lieu of fees.

  • KLegal completes first set of corporate technology deals

    16-Oct-2000

    KLEGAL, the legal affiliate of KPMG, has completed its first set of corporate technology deals since its creation a year ago. The deals have a combined value of just over £100m. Corporate partner Philip Rogers believes they are still highly significant for the fledgling firm.

  • London

    16-Oct-2000

    London Club Steering Committee in $22bn (£40.8bn) debt exchange of new Russian Federation euro bonds for old restructured USSR debt. London Club Steering Committee led by Deutsche Bank; represented by Clifford Chance (Cliff Godfrey

  • London club steering committee

    16-Oct-2000

    Clifford Chance, in particular partner Cliff Godfrey, has long been the obvious choice for European-based steering committees on sovereign debt rescheduling. After doing the first one way back in the 1970s when Citibank led the rescheduling for the Sudan, and then following it soon after with Keith Clark bringing in the rescheduling for Poland, Clifford Chance has now acted for about 20 countries.

  • Lovells raids Germany

    16-Oct-2000

    Lovells Boesebeck Droste has hired two German partners from White & Case's Frankfurt office, Oliver Kessler and Thomas Schrell.

  • LSE plans may benefit smaller firms

    16-Oct-2000

    MEDIUM-sized firms could be the first to cash in on the London Stock Exchange's (LSE) proposal to set up a rival market to Neuer Markt.

  • MARK WATSON

    16-Oct-2000

    Fountain Court ChambersWatson is another to follow the traditional route from trolley pusher in 1974 to senior clerk today, but has stayed put at Fountain Court for the duration of his career. The team now totals nine clerks, but the set recently saw the departure of chambers director Ric Martin after three years in office. "Chambers gave it a go but the bar are very demanding, and it didn't work out as fully as expected," says Watson. ...

  • MARTIN SMITH

    16-Oct-2000

    Blackstone ChambersMartin Smith joined the clerking fraternity after his A-levels. He joined Blackstone in 1988 as second junior clerk, on the basis that the first junior was soon leaving. Within a year the then senior clerk suffered a vote of no confidence, and Smith pleaded with chambers to be given his chance - he was duly promoted and is now estimated to be earning in the region of £300,000 and managing a team of 11 clerks in a thriving set that won ...

  • Martineaus loses Rover work to Pinsent Curtis

    16-Oct-2000

    Pinsent Curtis has won a beauty parade for MG Rover's trademark portfolio and infringement work, ending the car manufacturer's relationship with Martineau Johnson.

  • Milbank Tweed Hadley & McCloy

    16-Oct-2000

    The London office of New York firm Milbank Tweed Hadley & McCloy opened with a bang in 1994. The firm took project finance partners Nick Buckworth and Kenneth MacRitchie from Clifford Chance to launch one of London's first multinational partnerships - matching beautifully with the US expertise - but most of it disappeared in 1996.Buckworth, MacRitchie, Cal Miller and ...

  • Minter Ellison merges with top Western Australian firm

    16-Oct-2000

    Sydney firm Minter Ellison is taking over Western Australia practice Edwards Thompson.

  • Morgan Lewis boosts global anti-trust team

    16-Oct-2000

    MORGAN Lewis has strengthened its international anti-trust practice with the recruitment of anti-cartel enforcer Julian Joshua from the European Commission to its Brussels office.

  • Olswang's IP practice gets partner boost

    16-Oct-2000

    Olswang has recruited a new partner to its intellectual property (IP) practice. Kim Walker joins the firm from Biddle, where he was head of the media department.Andrew Inglis, head of Olswang's IP practice, which employs 22 lawyers, including four partners, explains that the appointment is to meet current market demands.He says: "The commercial IP side of the practice has expanded ...

  • Orchard rocked by Altheimer attack

    16-Oct-2000

    CHICAGO-based firm Altheimer & Gray is swooping in on niche City practice Orchard and taking the entire corporate finance team.

  • Pearce quits Cognition Ventures

    16-Oct-2000

    Leading e-commerce lawyer and former Linklaters & Alliance partner Rupert Pearce is quitting his Cognition Ventures appointment before he has even started.

  • Perrin's View

    16-Oct-2000

    This is my last regular column for The Lawyer. I have enjoyed pulling people's tails over the course of the last year and have relished the email traffic which has been generated. Thank you, as they say, for having me.

  • Pillars Property

    16-Oct-2000

    Pillar Property and Teachers Insurance and Annuity Association of America (TIAA) in joint venture to buy Cannon Bridge offices. Pillar Property advised by Gouldens (Tom Budd, Liz Saxton). TIAA advised by Linklaters & Alliance (Fiona Rice). Senior debt provider Westdeutsche ImmobilienBank advised by Travers Smith ...

  • REAL ESTATE AND PROJECTS

    16-Oct-2000

    WestLB in £357.5m joint venture with British Land for four City properties. WestLB advised by Allen & Overy (Daniel McKimm, Alison Beardsley). British Land advised by SJ Berwin (Michael Goldberg), Berwin Leighton (Roger Buck) and Ashurst ...

  • Regus

    16-Oct-2000

    Regus announces Nasdaq/London Stock Exchange initial public offering (IPO). Regus advised by Slaughter and May on UK law (Andy Ryde) and Davis Polk & Wardwell on US. Financial adviser and global coordinator: Merrill Lynch, advised by

  • Regus

    16-Oct-2000

    It is the second coming for business services company Regus and Slaughter and May. The whole IPO team has hooked up again a year after Regus' 1999 London Stock Exchange (LSE) float was cobbled together at the very last minute. This time round, the announcement has been made, and trading is expected to begin this week, with the prospectus valuing the company at between £1.2bn and £1.6bn.

  • Risky business

    16-Oct-2000

    Solicitors, insurers and claims managers have all been gearing up for the axing of legal aid funding from personal injury (PI) actions for some time. It finally got the chop in April, to be replaced by conditional fee arrangements (CFAs), and now they all seem set to reap profitable rewards from their careful preparations.The past few months have already seen exponential growth for companies such as insurer and case manager Claims Direct, which is launching ...

  • ROBERT RALPHS & PAUL SHRUBSALL

    16-Oct-2000

    One Essex CourtRalphs is rated as one of the most accomplished clerks at the bar. Although, at 60, he is one of the oldest, he must take some credit for the growth and success of One Essex Court. Ralphs has been a clerk since he was 15, 45 years ago. He tried to quit in 1973 when he left for a new life in Cyprus. Unfortunately there was a coup in 1974, and he was forced back to England. The first job that came along was at One Essex Court, which ...

  • Rouse & Co opens office in Thailand

    16-Oct-2000

    Rouse & Co International, is today (16 October) opening an office in Thailand.

  • Royal London

    16-Oct-2000

    Royal London Mutual Insurance Society pays £1.1bn for Scottish Life Assurance. Royal London Mutual advised by Herbert Smith (Geoffrey Maddock, Robin Wittering). Scottish Life Assurance advised by Speechly Bircham (Mervyn Couve).

  • Royal london/Scottish

    16-Oct-2000

    This is the biggest corporate deal of the year so far for Speechly Bircham, acting for long-term client Scottish Life Assurance. The firm acted on the client's mutualisation in the 1960s, and this £1.1bn demutualisation is the biggest deal it has done since then.Royal London Mutual bought Scottish Life Assurance Company after a competitive bidding process involving GE Capital, ...

  • Straight down the line

    16-Oct-2000

    IT SEEMS that every day the media reports the launch of a new e-venture, with comments about the death of the traditional business model. But what is e-commerce? Why should law firms get involved? And if they do, how do they ensure that such projects will be a success?What is e-commerce?E-commerce is the conducting of business online using the internet and a computer. Two business models currently exist: business-to-business and business-to-consumer ...

  • TECHNOLOGY MEDIA & TELECOMS

    16-Oct-2000

    Equity capital markets have a habit of throwing up some unlikely contenders. Look at little 12-partner Memery Crystal, romping home so memorably in The Lawyer IPO Survey: AIM. Or Linklaters & Alliance beating Clifford Chance hands ...

  • THE ANORAK

    16-Oct-2000

    For many, Microsoft is the company synonymous with the new media industries. Bill Gates may have been late to the "noo meeja" party, but he has done everything short of growing a ponytail to fit in. He has aggressively gone for the browser market and the streaming media standard. He has thrown his considerable reach and capital into the portal building game, and even has a Citizen Kane-esque plan for a virtual Xanadu of digital art. The talk may be of dotcoms, ...

  • The Firm

    16-Oct-2000

    HENDERSON: Goodbye Reggie. You were one in a million. I just hope my floral tribute was tasteless enough.MAN: Oi you slag. Keep it schtum. Remember - you saw nothing here.HENDERSON: Sorry Reverend. That was a bit strong. And why were you kneecapping those mourners earlier?MAN: Well, it's what he would have wanted.HENDERSON: You know Reggie was like a brother to me. He gave me my first job.MAN: What? You ...

  • The Leader Column

    16-Oct-2000

    Magic circle? Enough already. A far more interesting European battle is going on elsewhere. Lovells Boesebeck Droste is gearing up for the big time. Its ambitions in Germany, France and Italy herald a new stage in its attempts to position itself as the alternative to the magic circle for pan-European corporate work.

  • The Multimedia

    16-Oct-2000

    This is the fourth reverse take-over on the Alternative Investment Market (AIM) for SJ Berwin since April, with the downside that it has lost its client to Sinclair Roche & Temperley in the process.The firm has acted for Multimedia Corporation since its AIM flotation in 1995, when it was a multimedia software company, and this is the biggest deal Multimedia has done since then. ...

  • UK games retailer

    16-Oct-2000

    UK games retailer Gameplay.com buys Israeli games publisher Pixel Broadband for £34m. Clifford Chance (David Lewis, David Martin) and Israeli firm Herzog Fox & Neeman represented Gameplay.com. Pixel Broadband advised by Daniel Blankleder (Daniel Blankleder) and

  • UK software developer

    16-Oct-2000

    UK software developer Multimedia buys Illuminator for £25m in a reverse takeover. Multimedia advised by SJ Berwin (Delphine Currie and Jonathan Metliss) and Illuminator advised by Sinclair Roche & Temperley (Kevin Dean).

  • WestLb/British Land

    16-Oct-2000

    This joint venture with British Land marks a new departure for WestLB in the UK property market. The German bank is used to making loans into property companies, but this is its first experience of taking on equity as well as debt risk. The joint venture was funded by a £265m loan from West LB and equity contributions from joint venturers Westdeutsche ImmobilienBank and Provinzial-Feuerversicherungsanstalt Der Rheinprovinz-Versicherung Der Sparkassen (PFR). British Land retains a 50 per ...