2 December 2002
Last week, Weil Gotshal & Manges came up with the absolutely wonderful idea of showing the new Bond movie at its press party - for which The Lawyer reporters are eternally grateful. Other than Halle Berry's emergence from the sea, the undoubted highlight of the night was the introductory speech by a rather embarrassed Mike Francies. The London managing partner blamed the whole speech ...
There appear to be mixed feelings about the radical changes currently being introduced to the UK insolvency laws
Clifford Chance and Linklaters navigated their way through a maze of complex Chinese walls on the recent £900m sale of DIY giant Homebase to retail group GUS.
After three years of negotiations the joint legal venture finally comes to fruition
Supermarket giant brings Clifford Chance in as it plans to double its size in China
Clifford Chance corporate partner Dominique Bompoint is advising the French government and its financial adviser Merril Lynch on the sale of a state-owned stake in Crédit Lyonnais. In a highly unusual move, the firm is not using Chinese walls to protect client confidentiality.
Victoria Court of Appeal finds no evidence that Sydney firm devised strategy to destroy documents
Australian firm Corrs Chambers Westgarth has hired McLaughlins partner Richard Holt to take up the position of managing partner in the firm's Gold Coast office
Berwin Leighton Paisner (BLP) has lost tax specialist and private client partner Wynne Thomas to Lincoln's Inn firm Dawsons
Bredin Prat back on track with Vivendi as it scoops M&A deals
Denton Wilde Sapte has bagged an instruction from the world's biggest property lender GMAC Commercial Mortgage Bank on its first foray into the UK market. However, the relationship will be short-lived as client partner Debbie Carslaw leaves Dentons in a month's time taking GMAC with her.
Denton Wilde Sapte property finance partners Debbie Carslaw and Mark Menhennet have finally negotiated their leaving date to join Sidley Austin Brown & Wood. They will start with Sidley at the beginning of January. Their clients include Morgan Stanley and the Royal Bank of Scotland.
Heiko Beck, general counsel and head of legal affairs, compliance and membership at Deutsche Börse, is quitting the German stock exchange to become general counsel at Deka Bank
Civil set Ely Place Chambers has hired DLA insurance partner William Evans along with the former Association of Personal Injury Lawyers (APIL) president Caroline Harmer
The European Bank of Reconstruction and Development (EBRD) has appointed a lawyer to a senior commercial position for the first time. It has promoted London-based head of corporate recovery and litigation Kamen Zahariev to director of Ukraine. Zahariev will be responsible for all Ukranian investment and will move to Kiev. So far, the EBRD has invested e1.4bn (£896.8m) in the Ukraine.
Slaughter and May (Mark Hutchinson) advised Abbey National on a £4bn mortgage securitisation under the master trust structure. US legal advice was provided by Cleary Gottlieb Steen & Hamilton. Scottish legal advice was provided by Tod
Doughty Street Chambers human rights barrister Edward Fitzgerald QC has won his second case this year, challenging the Home Secretary. The Lords ruled that the Home Secretary can no longer fix the tariff of a mandatory life sentence for murder. Doughty Street's Fitzgerald and Phillippa Kaufmann acted for the appellants. The ruling means all tariffs must be made openly and fairly by the judiciary. First revealed on www.thelawyer.com/lawyernews on 27 November
Dutch and Belgian firm Stibbe has continued slimming down its Brussels office to fit in with UK alliance partner Herbert Smith
Theodore Goddard's former managing partner Peter Cooke and head of employment Jane Bullen are defecting to Salans, one of the troubled firm's former potential merger partners
Freshfields’ Singapore joint venture advises ABN AMRO and UBS Warburg on MobileOne IPO
The highlights of the year
You can take the man out of the law, but you can never take the law out of the man - and here's the proof. A former Slaughter and May lawyer recently attended the funeral of his grandmother, which, of course, is very sad.However, for some inexplicable reason, while standing around the grave, this former lawyer was waving his mobile phone around, no doubt trying to impress the ...
Harrowing though her work must be, The Lawyer/Unicef Child Rights Lawyer of the Year Pat Monro still manages to keep smiling. Jennifer Currie reports
Hammonds' Italian practice is taking the lead in the launch of a pan-European media practice. The new group was the brainchild of merger partner Rossotto e Associati
Senior costs judge avoids 'devastation' with TAG decision
US firm Hunton & Williams has raided Mayer Brown Rowe & Maw (MBRM) in a bid to ramp up its disputes capability in London
The International Bar Association (IBA) has offered its support to Nigerian lawyer Hawa Ibrahim, who is defending Amina Lawal, the woman sentenced to death by stoning for adultery in Katsina
Last week, Tulkinghorn set a challenge to find the sexiest/grooviest/ baaadest tax lawyer around. It might perhaps come as a surprise to some readers (it certainly did to several of The Lawyer's journalists) but the response has been phenomenal. A deluge of entries has proven categorically that tax lawyers can be sexy.
After snatching work from two rivals, Jackson Parton has won a new friend. Brendan Malkin reports
The market view of the proposed US/UK merger has been harsh, but Dearbail Jordan urges the sceptics to think again
Gouldens' US merger partner Jones Day Reavis & Pogue has been hauled over the coals in a High Court case in which it was accused of professional negligence
US firm Jones Day Reavis & Pogue has bowed to Gouldens' demand of guaranteed profits per partner in a move that will see the UK firm deflect the worsening economic climate
Mau Mau veterans tortured in colonial detention camps in the 1950s could attempt to sue the UK Government for around £500m if a case to be brought by Leigh Day & Co goes ahead
Beachcroft Wansbroughs has re-elected Lord Hunt of Wirral as senior partner for a further three-year term. Lord Hunt's next term of office will run from 1 May 2003 to 30 April 2006. He has been the firm's senior partner since 1996. First revealed on www.thelawyer.com/lawyernews on 27 November
The Law Society has admitted to its council that the Government could remove its disciplinary powers by 2005
Oooops! The Guardian's correction page on 26 November: "We did not mean to say, in an article about Afghanistan headed 'A war that can't be won', page 21, 21 November, that 'the return of the lawlords has meant harsh political repression, lawlessness, mass rape and widespread torture " We meant to say the return of the warlords, etc." Tulkinghorn can only imagine the reaction of messrs Hoffmann, Hobhouse, Hope et al at the allegation that lawlessness could ...
Julia Cahill finds that Lovells is making strides in the mid-tier market with CIBC and Mizuho
Underperformers to be axed from equity; Madrid merger talks reach final stage
Watson Wyatt, the consultancy that failed in a $70m (£45m) claim against Maxwell Batley in October, has been refused leave to appeal and ordered to pay more than £1m in costs
Mayer Brown Rowe & Maw has just met its November target to become a UK limited-liability partnership (LLP), but has opted to exclude its European offices because of tax issues
Morgan Cole has hired two partners to boost its finance and IP businesses
Mundays goes global after joining international best-friends network
The European Council last week adopted a new set of antitrust rules which the Competition Commission claims will save companies' legal costs on notifications of potentially anticompetitive agreements
Norton Rose partners are poised to vote on plans to open a Rome office. The firm's Milan base is already in talks with a number of potential laterals about launching a practice in the capital
Customs & Excise has been patrolling the UK's borders since Roman times, and now has one of the Government's biggest legal departments. Jennifer Currie meets head of legal David Pickup
When lawyer and sage Frederick Sawyer defined a contract as an "agreement that is binding only on the weaker party", he was happily unfamiliar with the Unfair Contract Terms Act 1977 (UCTA) and the Unfair Terms in Consumer Contracts Regulations 1999 (UTCCR), both of which brought a measure of fairness, or interference depending on your point of view, to contractual relationships
Taylor to quit the firm; Rizor takes the helm
Denton Wilde Sapte's real estate department has lured a former McGuinness Finch partner from Osborne Clarke
Bond Pearce has captured Cardiff firm Palser Grossman's head of corporate finance and non-contentious commercial services
Consultation is launched on proposed update to Patents Act
Peter Carter-Ruck and Partners is preparing submissions to the US Treasury Department in an effort to persuade the US government that its client, who has been linked by investigators to Hamas and al Qaeda, never knowingly supplied funds to terrorists
The National Audit Office last week issued a report calling on the Legal Services Commission (LSC) to remove firms that ignored warnings about overcharging clients. The report into community legal service expenditure found that 35 per cent of civil legal aid firms in England and Wales were overcharging clients by more than 20 per cent. The LSC has the authority to ban firms from doing publicly funded work, but the process takes at least 18 months.
Yorkshire firm Rollits has appointed Ralph Coyle, Walker Morris's director of media, as a partner in its company and commercial department. Coyle's main focus is in media law, e-commerce and data protection. He said: "At Walker Morris I felt a little restricted. I chose Rollits because they offered me a broader corporate and commercial role."
Tulkinghorn was a little disturbed upon hearing rumours that comic football pundit David Baddiel had parted company with the three lions and his microphone and joined a serious US law firm. Several sources said that Baddiel was spotted cavorting with partners from Clearys. But fortunately, Ashar Qureshi, a close friend, promptly advised Tulkinghorn of the case of mistaken identity and confirmed the other man was him. Qureshi added that it is very simple to tell the two men apart as ...
Simmons & Simmons has hired Christopher Boresjo of Norton Rose. Boresjo, who specialises in asset finance, joins as a partner. He is the third lawyer to join Simmons' international banking practice in the past month, following the appointments of banking partners Jeremy Arscott and Roger Clarke to the Paris and Abu Dhabi offices respectively.
SJ Berwin's Munich office has taken on private equity and hedge funds specialist Achim Pütz as a partner. Pütz, who is chairman of the German Alternative Investments Association, joins from Bonn-based firm Gerlach Pütz & Partner. First revealed on www.thelawyer.com/lawyernews on 26 November
Birmingham set St Philips has overhauled the way its barristers contribute to chambers expenses
When businesses hit rock bottom the balance of power changes. The creditors are the new priority, but to what extent are they in the driving seat? Peter Bloxham reports
Unlicensed debt advisers and conflicting regulatory bodies are still holding reform at bay, says John Verrill
Sounds like you wouldn't want to play fast and loose with Steve Brogan. The newly-anointed managing partner of Jones Day is one of the toughest litigators in the US and is as far from your classic patrician type as you can get - his father, so the story goes, was a New York policeman and two of his uncles were NY firefighters. As a Washington lawyer, he is the first Jones Day chief to be based outside the ...
While the ITV Digital collapse massacred the finances of many football clubs, players' wages are finishing off the job. David Cohen and Amanda Hope examine clubs' escape routes
The recent makeover of Lawrence Graham's Strand offices has been bringing in potential new business for the firm - but possibly not the kind it was hoping for.For those that haven't seen it, the new foyer sports big glass windows and lots of rather trendy art. But it's not only Tulkinghorn's eye that has been caught by the makeover. Apparently, the firm has received ...
Toffoletto e Soci, the Italian member of global employment law network Ius Laboris, has merged with Aldo Bottini and Elio Cherubini. Bottini specialises in consultancy for top executives and advises on collective dismissals, restructurings and M&A. Cherubini's main focus is collective dismissals, restructurings, agency and distribution law, litigation, arbitration and pensions law. Toffoletto has also promoted the head of its Rome branch, Emanuela Nespoli, to partnership. First revealed ...
The London Maritime Arbitration Association (LMAA) is debating publishing arbitration awards to stem worries about the highly confidential discipline being undermined by a lack of case law
Submissions by Finers Stephens Innocent and Doughty Street barristers to the European Court of Human Rights (ECHR) in Strasbourg have led to the UK Government being asked to justify its libel laws
Steve Hoare gives the lowdown on how the M&A downturn has seen UK firms rise to the top of the pile
Partners at Wragge & Co and Graf von Westphalen Bappert & Modest vote for exclusive alliance
Insolvency reforms move a step closer with the dawn of the Enterprise Act. Patricia Godfrey reports
When lunching with two elite members of the accountancy profession the other day, Tulkinghorn was impressed to note that his host, who shall remain nameless and shameless, spoke un petit peu de Franglais.Before ordering, the host kindly translated all of the dishes on the menu for Tulkinghorn, who was enthralled to learn that crème de céleri meant celery soup.At the end of the meal, the accountant ventured onto the subject of the provenance of certain ...