19 July 2004

The Lawyer

  • A&O raids CC for investment funds push

    20-Jul-2004

    Allen & Overy (A&O) is set to hire a team of six associates from Clifford Chance’s investment funds group in London.

  • Adrian Marsh: ING Group

    19-Jul-2004

    With a sevenfold increase in profits, ING is turning its back on tougher times. Husnara Begum finds out how a management restructure and the new legal panel is helping

  • Allen & Overy ace to join Milbank ‘godfather’ of outsourcing deals

    19-Jul-2004

    Allen & Overy’s star outsourcing partner Laurence Jacobs is joining the London office of US firm Milbank Tweed Hadley & McCloy.

  • Allen & Overy team triumphs in Jamaican death row case

    19-Jul-2004

    A man facing Jamaica’s mandatory death penalty has seen his sentence overturned as a result of pro bono work by Allen & Overy (A&O).

  • And it’s in off the bar

    19-Jul-2004

    The bar was always going to be favourite to hold its nerve in a game decided on penalties and as it turned out this belief was well founded. Birmingham set No5 became the first barristers’ chambers to triumph at TheLawyer.com’s annual legal fives tournament, after a hotly contested final against perennial favourites Squire & Co. At full-time the scores were tied at 1-1, but one successful finish proved decisive, as both sides missed all five other penalty attempts.

  • Anglian Water to dictate firms to Willis

    19-Jul-2004

    Anglian Water is set to impose a legal panel on its insurance claims handler Willis.

  • Barclays picks CC and Dentons for African panel

    19-Jul-2004

    Clifford Chance and Denton Wilde Sapte have won places on Barclays’ first international panel for its African operations.

  • Bevan Ashford in Birmingham office move

    19-Jul-2004

    Birmingham’s property market is hotting up with a raft of law firms scouring the city for new premises.

  • Bond Pearce staff to cash in on profit-based bonus scheme

    19-Jul-2004

    South-West firm Bond Pearce has offered an end of financial year sweetener for all its 650 staff, in the form of a profit-based bonus scheme and a 2.5 per cent pay bonus across the firm.

  • Careers: people

    19-Jul-2004

    Edwin Coe has hired Ronald Graham as a partner from the London office of Jones Day to boost its corporate division. Graham brings expertise in international cross-border M&A and joint ventures. The move follows the recent appointment of partner Victor Hawrych from Masons.

  • Cisco EMEA co-legal head quits

    21-Jul-2004

    Cisco Systems has parted company with its only UK-based corporate lawyer following the US technology giant’s decision to relocate a number of business functions to its West Coast headquarters.

  • Dechert’s London office hit with corporate exit

    21-Jul-2004

    Dechert’s string of partner losses has lengthened after a corporate partner in the London office has opted to join Reading-based firm Pitmans.

  • DLA expands after German alliance split

    21-Jul-2004

    DLA has stepped up its international expansion plans after breaking away from German ally Gorg Rechtsanwalte to set up its own presence in the region.

  • DMH

    19-Jul-2004

    South East firm DMH likes to impress as soon as a client walks through the door, and in quite a stylish manner – the firm’s Brighton and Crawley offices double as art galleries. The firm is unusual in having a dedicated gallery manager, and exhibitions showcasing the work of predominantly local artists are held regularly.

  • Engineering sector focus: Industrial revolution

    19-Jul-2004

    The engineering sector is not quite back on its feet after a tough few years, but it’s certainly on its way. Jodi Bartle reports

  • Exchange Chambers christens bumper year with mass hire

    21-Jul-2004

    Liverpool set Exchange Chambers is continuing to grow with the arrival of four new tenants, including a former Clifford Chance lawyer.

  • Finance deals round-up

    19-Jul-2004

    Allen & Overy (Vikki Greatorex) represented ABN Amro Bank, Citibank and ING as joint lead arrangers on the financing of the €1.1bn (£733.6m) acquisition of Mobiltel by a consortium of funds. The deal, financed by €450m (£300.1m) of equity and €650m (£433.5m) of acquisition debt, ...

  • Former Tiberghien head jumps to Bank of NY

    19-Jul-2004

    The Bank of New York has drafted in the former head of banking and finance from Belgium-based Tiberghien as its European counsel. Wim Hautekiet will also become managing director and will report to Michael Shepherd, executive vice president and general counsel, and Tim Keaney, executive vice president and head of Europe. As part of his remit, Hautekiet will relocate to London. First revealed on www.thelawyer.com 13 July

  • Freshfields in £1m fight for Marks & Spencer fees

    19-Jul-2004

    Freshfields Bruckhaus Deringer faces an uphill struggle to recover the £1m-plus fees it incurred advising Philip Green on his aborted bid for Marks & Spencer (M&S).

  • Garrigues sets sights on Portugal with new office

    20-Jul-2004

    Spain’s Garrigues is set to open a practice in Portugal through the integration of local firm Leonidas Matos y Associados (LMA).

  • General counsel quits BellSouth

    19-Jul-2004

    BellSouth Corporation’s general counsel has quit the Fortune 100 telecoms group. He will be replaced immediately by two vice presidents in the legal department. The company stressed Charles Morgan had left for personal reasons. It was recently reported that Morgan had been arrested in May on one count of battery on his wife and two counts of cruelty to children. Morgan’s responsibilities have been reassigned to Marc Gary, vice president and associate general counsel, and Al Gonzalez-Pita, ...

  • Hammonds elections to go through without a fight

    20-Jul-2004

    The forthcoming Hammonds elections for senior and managing partner will be uncontested, it has emerged today (20 July).

  • Hudson boost in-house legal with European first

    21-Jul-2004

    Recruitment consultant Hudson has scooped its first European general counsel, in the guise of a former Cable & Wireless (C&W) lawyer.

  • Joy at Slaughters, gloom at Ashurst as Green’s bid folds

    19-Jul-2004

    But did the Philip Green camp get a fair shot after the M&S board held out? By Helen Power

  • Law Soc says yes to conflict rules

    19-Jul-2004

    The Law Society Council last week overwhelmingly passed new rules on conflicts and confidentiality.

  • Legal advice privilege comes under scrutiny after 50 years

    19-Jul-2004

    The law of legal advice privilege faces an overhaul this month as two key cases reach their conclusion.

  • Legal widow

    19-Jul-2004

    It’s amazing how prescriptive people can be about the way lawyers do their work.

  • Let us work for free, say Brussels-based lawyers

    19-Jul-2004

    In a rare show of unity trainees across nine international law firms have banded together to call for the establishment of a pro bono committee for UK lawyers based in Brussels.

  • Linklaters swings axe in German review

    22-Jul-2004

    Linklaters has completed a review of its German partnership with a total of 19 partners set to be de-equitised, moved down the lockstep or managed out of the partnership.

  • Lovells and Lehman scoop first joint AIM float for M&C Saatchi

    19-Jul-2004

    Lovells and global investment bank Lehman Brothers have teamed up to advise on their first ever AIM float – the initial public offering (IPO) of advertising agency M&C Saatchi.

  • Marks & Spender

    19-Jul-2004

    It wasn’t just billionaire Philip Green who indulged his sense of humour over the data protection notices filed by Stuart Rose during his ultimately successful attempt to keep Marks & Spencer out of the hands of the Arcadia owner. Millionaire Lord Grabiner, Arcadia’s chairman, also got involved.

  • Mourant du Feu makes leap into Cayman Islands

    20-Jul-2004

    Jersey’s Mourant du Feu & Jeune has extended its reach to the Cayman Islands, making it the third Channel Islands firm to launch a Caribbean practice this year.

  • New head to transform Law Society

    19-Jul-2004

    The incoming Law Society president is calling for a change in the way the representative and regulatory solicitors’ body is organised.

  • New premises for Wedlake as revenues grow

    19-Jul-2004

    Wedlake Bell has moved to new, larger premises in Bedford Row as it reports a 5 per cent increase in turnover for the past financial year. The rise in fees to £16.6m for 2003-2004 signals the seventh year of successive growth in gross revenues for the firm, with its London office reporting a 9 per cent spurt in turnover. Profit per equity partner was also up 5 per cent to £250,000, a 75 per cent hike ...

  • New Taylor Wessing head targets profitability

    19-Jul-2004

    Taylor Wessing’s UK managing partner Gary Moss is to step down in October at the end of his three-year term.

  • NGJ to gain US clout with Kirkpatrick link

    19-Jul-2004

    City firm Nicholson Graham & Jones (NGJ) has entered the final stages of merger discussions with US national firm Kirkpatrick & Lockhart, just six months after negotiations with Pinsents collapsed.

  • Norton Rose gets the nod from HSBC for M&S deal

    19-Jul-2004

    HSBC gave Norton Rose a role on Philip Green’s failed bid for Marks & Spencer (M&S) last month, indicating that although Norton Rose may not be HSBC’s preferred adviser in Asia, it still has a hold over the bank in London.

  • Ogier Group expands into NZ for tax breaks

    19-Jul-2004

    The Ogier Group is set to become the first Channel Islands firm to expand into New Zealand, taking advantage of the country’s low tax regime. The group will staff the New Zealand post from its fiduciary division and will provide trust administration services to wealthy individuals. New Zealand has all the trappings of an offshore jurisdiction, with foreign businessmen paying almost zero tax on profits, while having a less regulated, onshore status. The move means the group now has a presence ...

  • Olswang to take bids on Minerva acquisition

    19-Jul-2004

    Olswang has been instructed on a major public takeover – its second in the past two months – thanks to interest in one of its biggest clients, property company Minerva.

  • Opinion

    19-Jul-2004

    Buying companies saddled with state aid liabilities can be a risky business. The European Court of Justice (ECJ) has recently given some types of buyers the benefit of the doubt, but those rushing to the conclusion that from now on a buyer will never have to repay unlawful state aid received by the seller should think twice – and carefully.

  • Orrick takes further advantage of CC closures

    19-Jul-2004

    Orrick Herrington & Sutcliffe has topped its mass hire of Clifford Chance West Coast partners by taking on the bulk of the firm’s associates and staff. Orrick has recruited 16 associates and another 18 staff to join the eight partners who left Clifford Chance’s soon-to-close San Francisco and ...

  • Pemberton loses two partners

    19-Jul-2004

    Niche property firm Pemberton Greenish has lost two senior property partners.

  • Pension check

    19-Jul-2004

    New legislation aims to make pensions more simple, but Chris Clarke warns that the changeover might not be so easy

  • Practising certificate fee rises to £830

    19-Jul-2004

    The Law Society will earn an extra £15m next year from practising certificate fees after the society’s council voted in favour of raising the fee to £830 per annum.

  • Robert Muckle scores first with key lateral

    21-Jul-2004

    Newcastle’s Robert Muckle hired its first-ever lateral directly into the firm’s equity, taking a former Eversheds corporate partner.

  • Shearman, Weil Gotshal to hike US associates’ London allowances

    19-Jul-2004

    Shearman & Sterling and Weil Gotshal & Manges are among a swathe of US firms reviewing their cost of living allowances (Colas) for US associates working in the UK, as the dollar remains weak against sterling.

  • Shell wields axe to create global panel

    19-Jul-2004

    Embattled oil giant to hack £54m legal spend; blue-chip panel to be slashed to five

  • Six Ashurst partners to go after profits plummet

    19-Jul-2004

    Ashurst has asked up to six equity partners to leave the firm in the wake of a sharp reduction in profits.

  • Skadden adds to Sydney base with NY recruit

    19-Jul-2004

    Skadden Arps Slate Meagher & Flom has drafted in one of its most senior New York-based corporate partners to its Australian office in a bid to bolster the Asia-Pacific practice. Christopher Kell, who has been with the firm for 20 years, has relocated to the 15-year-old Sydney office, doubling the partner count to two. The firm is also hoping to add at least two associate attorneys ...

  • Skadden Arps appoints Russian office leaders

    20-Jul-2004

    Skadden Arps Slate Meagher & Flom has appointed joint heads for Moscow, drafting in a project finance and M&A specialist from its Chicago office.

  • Stop press!!!

    19-Jul-2004

    Newbury firm Gardner Leader wins a double Tulkinghorn award in a single story. Not only does the firm win this week’s Most Desperate Attempt to Win a Bit of Press Award, it literally marries that success with the award for the Non Sequitur of the Year prize.

  • Summer rumour round-up

    19-Jul-2004

    Summer term is over, and you can tell that half the City is demob-happy. That’s the only explanation for the absolute nonsense that is currently floating around.

  • The inside track

    19-Jul-2004

    MAD gives a European approach to market abuse. Mathew Rutter reports

  • The Norton Rose quartet that had no strings attached

    19-Jul-2004

    A&O’s raid on Norton Rose two years ago stunned the City. What’s happened since? By Catrin Griffiths

  • The work-life quiz

    19-Jul-2004

    Simon Rous, senior partner, EPL division of Bevan Ashford

  • Toilet tactics

    19-Jul-2004

    “We’d love to hire you, but we simply don’t have the toilet capacity for your type,” is unlikely to suffice as a legitimate reason for non-recruitment by an equal opportunities employer. However, that may be the only option if law firms don’t pay close attention to their toilet strategies.

  • US firms merger rate accelerates

    19-Jul-2004

    The rate of merger and acquisition activity between US law firms has intensified over the current year, with more tie-ups expected in the coming months.

  • Weil Gotshal breaks into China with Shanghai office

    19-Jul-2004

    Weil Gotshal & Manges is making its first foray into China with the appointment of a former Clifford Chance partner and the opening of an office in Shanghai.

  • Where credit's due

    19-Jul-2004

    Will the new consumer credit regulations help the customer or just lead to more confusion? asks Jonathan Guest

  • Wife prop

    19-Jul-2004

    After her victory in the Karen Parlour case, Liz Vernon sets the record, and her critics, straight. Gemma Charles reports

  • Winckworth Sherwood closes healthcare group

    19-Jul-2004

    Westminster law firm and parliamentary agent Winckworth Sherwood is hiving off its healthcare group, as the head of the practice leaves to set up a new outfit. The firm will close down healthcare to concentrate on its core clients. Simon Eastwood, head of the group at Winckworth Sherwood, is establishing his own practice with a team of lawyers. First revealed on www.thelawyer.com 14 July

  • Work, rest and pay

    19-Jul-2004

    Wragge & Co now offers its employees the chance to take a week of unpaid leave. Wendy Morrison explains