2 September 2002

The Lawyer

  • 2 Gray's Inn goes on hiring spree

    2-Sep-2002

    Civil law specialist 2 Gray's Inn Square has hired four barristers, including 1970-call barrister Witold Pawlak from 7 Bedford Row

  • A&O, CC rake it in on Marconi restructuring

    2-Sep-2002

    Allen & Overy (A&O) and Clifford Chance are to gain a slice of a massive £16m in fees for their part on the complex restructuring of beleaguered telecoms giant Marconi

  • AAR lawyer returns in media and telecoms role

    2-Sep-2002

    Former Australian Broadcasting Corporation chairman Professor Mark Armstrong is to rejoin law firm Allens Arthur Robinson. Armstrong will work alongside the firm's legal team, advising media and telecommunications clients around the Asia Pacific region on the potential and the risks of their business ventures.

  • Abingworth hires first general counsel

    2-Sep-2002

    Life sciences venture capital group Abingworth has appointed Slaughter and May lawyer Claire Wilkinson as its first general counsel. Wilkinson has also worked as in-house counsel and fund administrator at Industri Kapital, the Sweden-based private equity house. At Abingworth, she will be responsible for deal coordination and will provide legal assistance to the life sciences team in its investment ...

  • Andersen Legal loses out to B&M

    2-Sep-2002

    The bulk of Andersen Legal's Mexico City practice has opted out of its accountancy parents' Mexican merger with Deloitte & Touche to join Baker & McKenzie

  • Australian salaries remain static as slowdown hits top-tier firms

    2-Sep-2002

    Banking, finance and corporate feel the strain; top players see up to 20 per cent rise in pay; UK salaries remain higher

  • Bird & Bird Brussels media team quits for French rival

    2-Sep-2002

    Bird & Bird is losing the two founding partners of its Brussels office and its entire Brussels media team

  • Boyds appoints managing director

    2-Sep-2002

    Boyds has become the first Scottish firm to appoint a managing director. Martin Street (right), who has taken up the post, will be responsible for the business strategy of the firm. Street is a non-lawyer with a background in marketing. He will have a decision-making role above that of the partnership, unlike most chief executive officers and managing partners in law firms. First revealed on www.thelawyer. com/lawyernews 21 August

  • Cadwalader plucks Brobeck partner duo

    2-Sep-2002

    Brobeck Phleger & Harrison's securities litigation group has suffered another blow with the news that top-billing securities litigation partner Gregory Markel is quitting to join the New York office of Cadwalader Wickersham & Taft

  • Capital betters

    2-Sep-2002

    The legal team at Barclays Capital knows just what to do to make the most of its law firms. Caroline Davies discovers the canny means it employs to keep the magic circle on their toes

  • CC brings NY firm to book over debt

    2-Sep-2002

    Clifford Chance is making an aggressive attempt to recover £41,000 in unpaid fees by suing a New York boutique that liaised with the magic circle firm on behalf of a client that subsequently went bankrupt

  • CHALLINORS LYON CLARK

    2-Sep-2002

    Challinors knows that quality of service is the way to a client's heart

  • Clarks ups insolvency with Morgan Cole partner

    2-Sep-2002

    Thames Valley firm Clarks has taken on an insolvency specialist from Morgan Cole as it attempts to raise its profile in the sector. Paul Rippon has joined Clarks' corporate and technology group, bringing more than 10 years experience as a corporate and personal insolvency partner at Morgan Cole. Rippon, who specialises in non-contentious insolvency, will lead Clarks' insolvency team. First ...

  • Clifford Chance gears up for senior partner battle

    2-Sep-2002

    Six candidates vie for top spot; Gasteyer the only non-UK partner in the running

  • Corus cans Slaughters for Lovells in aluminium selloff

    2-Sep-2002

    Lovells has completed the first phase of the sale of the steelmaker's entire global aluminium interests, worth an estimated £800m.Earlier this year, Lovells beat off competition from Slaughter and May to win the work.Slaughters recently acted for Corus in its groundbreaking merger with Brazilian steel giant Companhia Siderurgica Nacional (CSN). However, Lovells has handled ...

  • DEAL OF THE WEEK - SONERA/YAHOO!

    2-Sep-2002

    Davis Polk picks up Yahoo! instruction in Sonera deal

  • Deals summary

    2-Sep-2002

    Nabarro Nathanson (Kevin Stimpson) advised Threadneedle on its purchase of four former Co-op stores, let to multiple tenants, from Miller Developments for £40.75m. Gouldens (Andrew Gumpert) advised Miller.Lovells (Dion Panambalana, Jane Rigler, Katherine Watts) advised Nortel on the sale of its properties in New Southgate, North London, to Comer Homes for £37m and the sale-and-leaseback ...

  • Deals summary

    2-Sep-2002

    Landwell (Celia Gardiner, Mark Satterly) is advising on the cross-border insolvency of Folksam International, the reinsurance arm of one of Sweden's largest insurers.Speechly Bircham (Michael Lingens) acted for the shareholders of CareTech Community Services on the sale of its shares as part of a secondary buyout backed by Barclays Private Equity. Barclays advised by Pinsent Curtis ...

  • Deals summary

    2-Sep-2002

    Norton Rose's Moscow and Paris offices (Chris Viner, Nigel Ward) are advising Lukoil on a $4m (£2.6m) financing by Crédit Lyonnais advised in-house.Allen & Overy (Julia Salt) advised Virgin Atlantic Airways on the financing for the acquisition of 10 new Airbus A340-600 aircraft. Airbus was advised by Denton Wilde Sapte.

  • DLA UK dept head defects to Wilmer

    2-Sep-2002

    DLA is losing the head of its UK financial services regulatory practice to the London office of Wilmer Cutler & Pickering

  • Eversheds scoops council PFI deal

    2-Sep-2002

    Eversheds has fought off competition from five other firms to win a massive PFI project for a partnership between Bracknell, Reading and Wokingham councils

  • Eversheds sets sights on Shanghai practice

    2-Sep-2002

    Eversheds is planning to open an office in Shanghai after being encouraged by clients to do so because of the city's rapidly expanding manufacturing industries

  • Ex-Berwin Leighton lawyer takes ISIS top spot

    2-Sep-2002

    Former Berwin Leighton (now Berwin Leighton Paisner) planning lawyer Mark Ryder (left) has been appointed as chief executive of British Waterways' new property public-private partnership with Amec and the Igloo Regeneration Fund. The new joint venture, named ISIS Waterside Regeneration, aims to unlock the potential of canal and riverside land across the UK. Ryder, formerly a director ...

  • Fast track

    2-Sep-2002

    Fast's main business is the protection of software, but it could also be a good way for a law firm to find that perfect company to add to their client list. Naomi Rovnick reports

  • Football League too poor to keep Lawrence Graham

    2-Sep-2002

    The Football League, which is considering suing Hammonds for £130m, has let its law firm Lawrence Graham go and taken the case in-house to save money

  • Hammonds loses Nationwide work

    2-Sep-2002

    Commercial law and sports specialist Couchman Harrington Associates has replaced Hammonds as adviser to leading sports sponsor Nationwide Building Society

  • Hammonds steps up City commitment

    2-Sep-2002

    Hammonds managing partner Chris Jones is increasing his involvement in the firm's London office in a move that will shift the firm's power base further towards the City. Senior partner Richard Burns is already in the London office. Jones intends to concentrate on London now that he has finished bedding down the Birmingham office after Hammonds' merger with Birmingham firm Edge Ellison in 2000. First revealed on www.thelawyer.com/lawyernews 21 August

  • Herbert Smith advises Kruidvat on selloff of Superdrug

    2-Sep-2002

    Herbert Smith is acting for Dutch retail giant Kruidvat on the £800m sale of its retail and beauty business, including the 700-store Superdrug business, to Hutchison Whampoa. The deal has yet to complete.As part of its rollout, Hutchison, which is launching a 3G mobile phone service in October, is expected to distribute the new phones through the newly-acquired Superdrug stores. This is the second time Superdrug has changed hands in over a year. Last July, Kruidvat, again ...

  • Herbert Smith ready to raid rivals for private equity launch

    2-Sep-2002

    Herbert Smith has launched an assault on the private equity market

  • Independence daze

    2-Sep-2002

    As the UK prepares to remove Government ministers from competition decisions, Jeremy Robinson and Carol Swaffer ask: how independent is an independent regulator?

  • Insurance

    2-Sep-2002

    Lloyd's of London Names are a dying breed at the oldest insurance market in the world. Down from 35,000 to just 2,490 unlimited liability Names today, individual investors are regarded as an anachronistic throwback needing to be helped into extinction by reform-hungry corporate investors.Sax Riley, the chairman of Lloyd's, has called for members to vote in favour of seeking to update the 1982 act of Parliament that governs the insurance market. An extraordinary meeting ...

  • Just a bit off the top, please

    2-Sep-2002

    When Tulkinghorn went to visit Lovells' new offices, just a few minutes walk from its old home on High Holborn, he was surprised (and impressed) by the enormous steel sculpture that had been erected as a centrepiece for the firm's new atrium. However, on closer inspection, the bold piece of modern art seemed to be missing something. As it turned out, he was not wrong. A passing lawyer joked that the sculpture was so big that it couldn't fit in the building. Tulkinghorn ...

  • KPMG capture adds to McDermott's Valley hike

    2-Sep-2002

    McDermott Will & Emery has expanded its new Silicon Valley tax practice. Michael Gosk joins the partnership from KPMG, where he was an international corporate tax partner. The hire follows the arrival of an international tax team from Fenwick & West, which joined McDermott to launch its Silicon Valley tax practice in March 2002.

  • Lattice Property new head of legal set to slash panel

    2-Sep-2002

    Lattice Group's real estate arm Lattice Property Holdings is understood to be culling its extensive legal panel

  • Legal Widow

    2-Sep-2002

    All those cute little start-up ideas - 'Specialist practice in natty two-room office with espresso machine'; 'lone wolf consultancy run from the back of a laptop' - are falling to the ground like leaves in autumn

  • Linklaters wins MasterCard work as banks switch over to Maestro

    2-Sep-2002

    Linklaters' London office has advised on its first major piece of work from MasterCard Europe after winning a role on the rebranding of Switch debit cards as Maestro cards.MasterCard Europe has licensed the Maestro brand to the group of 19 retail banks in the Switch scheme and will receive fees from Maestro card transactions carried out by the banks' customers in return.Bird & ...

  • LLPs: are they meaningless for international law firms?

    2-Sep-2002

    Emma Vere-Jones reports on the quandary facing global law firms as they consider converting to LLPs

  • Masons beats rivals to win Defra IT work

    2-Sep-2002

    Masons has fought off competition from six other firms to win a massive IT outsourcing contract from the Department for Environment, Food & Rural Affairs (Defra)

  • Mayer Brown takes on two in tax boost

    2-Sep-2002

    Mayer Brown Rowe & Maw (MBRM) has hired two leading US tax experts for its Washington DC office in a move to expand the firm's tax consultancy practice

  • New clients make bumper six months for Hammonds' employment practice

    2-Sep-2002

    Hammonds has targeted its employment team for further growth after a bumper six months

  • Opinion

    2-Sep-2002

    If the property market responds to the findings of the research carried out for the British Council for Offices (BCO), many of the features of the commercial letting market that cause such inconvenience to tenants would be swept away. Now may be the time for the property industry to respond.The BCO's research report concludes that the UK has the least flexible leasing structure in Europe. Not so long ago standard lease terms were 25 years; even now, the standard term of 15 ...

  • Peak practice

    2-Sep-2002

    It appears that this mountain climbing lark is really catching on. Not to be outdone by the team at Wragge & Co, RadcliffesLeBrasseur associate Duncan Mitchell-Innes and some colleagues took part in the Three Peaks Challenge. The race required the hardy young individuals to climb the highest peaks in Scotland, ...

  • Penalty and shootouts

    2-Sep-2002

    Naomi Rovnick reveals how Charles Flint QC and Hammonds got caught in the crossfire over the Football League

  • Reaching for the top

    2-Sep-2002

    Tulkinghorn is truly amazed at the lengths some lawyers will go to in the name of service. Or should one say heights?Michael Ashley-Brown, Canary Wharf's highly-regarded general counsel, is a man who oozes enthusiasm for the job, and indeed the whole 'Canary Wharf experience', as Clifford Chance lawyers have fondly come to know it. Yet as he reminisced about early site visits ...

  • Scratchwork guilt

    2-Sep-2002

    Slaughter and May senior solicitor Graham Lancaster last week used The Daily Telegraph's City Diary to issue a rebuttal of (yet another) Tulkinghorn exposé. The story goes that Lancaster, father of Rod Stewart's beau Penny, has been rather partial to borrowing the pop star's Lamborghini, but had been spotted in Slaughters' car park touching up a scratch to the paintwork ...

  • Spare change

    2-Sep-2002

    Ex-Radcliffes chief executive Vincent Denham talks to Kathryn Hobbs about the comings and goings of a career spent putting lawyers in their places

  • St Philips' merger creates a giant as 5 Fountain Court launches in London

    2-Sep-2002

    Gareth Chadwick reports on how the two Birmingham powerhouses could give London sets a run for their money

  • Styx and carrot

    2-Sep-2002

    Apparently Clifford Chance partners are no longer as opposed to the Docklands move as they once were. It has come to the attention of Tulkinghorn that Clifford Chance has a new neighbour in the region in the form of Majingos, a lap dancing club that opened last month. And it just so happens that Clifford Chance's new premises overlooks the aforementioned club. Very convenient. The only ...

  • Take the strain

    2-Sep-2002

    Directors should be getting ready to face the consequences of the new Enterprise Bill, which could result in their disqualification. Martin Coleman and Jenny Stevens report

  • The Leader Column

    2-Sep-2002

    If your edition of The Lawyer seems even more weighty than usual, it's because it contains this year's The Lawyer 100. (And if it's not in your issue, then someone's nicked it.)

  • Wragges wins Heinz and M&C Saatchi JV

    2-Sep-2002

    The corporate group at Wragge & Co has advised HJ Heinz on its joint venture with M&C Saatchi for Heinz's Complan and Casilan brands