21 May 2001

The Lawyer

  • A Case for celebration

    21-May-2001

    Good news came winging its way over from across the pond this week of an exciting new reason for New Yorkers to party in the streets.Tulkinghorn has always thought that the May Day holiday was utterly ill-conceived; do we really need to celebrate and honour the workers? After all, they do get paid.And besides giving those people who foolishly did not go to the right schools to achieve real power a paid holiday, it only encourages them to think they are doing ...

  • A good loser

    21-May-2001

    Always first with the news, Tulkinghorn has heard rumours that there is a general election coming up.This week he received a fax from the prospective Conservative candidate for Northampton South, Shailesh Vara, which has lots of fascinating facts, including that Vara once represented England at cricket in the Legal Rest of the World v Legal India match.But one detail tugged at Tulkinghorn's true blue heartstrings: in the 1997 general election Vara "achieved ...

  • A hard act to follow

    21-May-2001

    Wilson v First County TrustLast week was notable for two landmark decisions under the Human Rights Act 1998 (HRA). In the first, Wilson v First County Trust Ltd [2001] EWCA Civ 633, the Court of Appeal made a declaration that Section 127(3) of the Consumer Credit Act 1974 (CCA), which makes a loan agreement unenforceable where there has been a failure to comply with certain formal requirements, was incompatible with the rights of the creditor under Article 6(1) of the European ...

  • A Vews from Budapest

    21-May-2001

    The rise and apparent fall of the Budapest Stock Exchange has taken place at high speed. At the same time as the exchange was celebrating its 10th anniversary earlier this year, most thoughts were focused on the depressed state of the market, not all of which can be attributed to wider factors affecting other equity markets: the index is at the same level as at the end of 1997; turnover has fallen significantly; the flow of new listings, which turned to a trickle in the late 1990s, ...

  • A year ago this week

    21-May-2001

    A&O steals BT contract for e-commerce floatAllen & Overy (A&O) was selected in a beauty parade to work on the flotation of BT's international directories and e-commerce business Yell.This was the first time the firm instructed BT, which had previously enjoyed longstanding relationships with

  • All-To-One Post Internet Marketing by Steve Luengo-Jones, published by McGraw-Hill (ISBN0077097998)

    21-May-2001

    All-To-One Post Internet Marketing by Steve Luengo-Jones, published by McGraw-Hill (ISBN0077097998)You'll either love or hate the fact that this book has the strapline "The Winning Model for Marketing in the Post-Internet Economy". Often an excuse for intellectual oneupmanship, the prefix "post" assumes a break, a disjuncture.We have had postmodernism, with its break from the traditions and modes of representation of modernity, post-feminism, ...

  • Andersen Legal keeps on hiring

    21-May-2001

    Andersen Legal's European network is continuing its hiring spree with the recruitment of an Italian M&A partner from Carnelutti.

  • Ashursts plans US move

    21-May-2001

    Ashurst Morris Crisp has put US capability and even a marriage with a US partner high up on its agenda again, a year after merger talks with West Coast firm Latham & Watkins collapsed over cultural differences.

  • Barclaycard/football association

    21-May-2001

    Lovells is developing a nice specialism in sponsorship work. This latest deal follows advising Kingfisher on sponsoring yachtswoman Ellen MacArthur and Mars on its sponsorship of the World Cup. The group within the commercial department is headed by Andrew Skipper and Peter Watts, who led this deal. They were called on by Barclaycard, for which they are a panel firm, without having to pitch.

  • Bevan Ashford hits target

    21-May-2001

    Bevan Ashford has reported a provisional turnover figure of £31.5m for the last financial year, an increase of 18 per cent.

  • BLP completes Guildford barracks sale

    21-May-2001

    Property specialist Berwin Leighton Paisner (BLP) stumbled across a web of planning and highways difficulties while acting for Defence Estates on the sale of its Guildford barracks to Laing Homes.

  • Brief Encounter: Wright Hasssall

    21-May-2001

    Leamington Spa-based Wright Hassall says it has a relaxed attitude to work which is in direct contradiction to its name.Founded in 1846 in Leamington Spa, it is a working example of life without logos. Partner Jane Senior says: "At the time, Wright Hassall simply didn't have those connotations." And the fact that the name has remained goes to show just how far out of the management ...

  • Cadwalader builds litigation and corporate

    21-May-2001

    New York firm Cadwalader Wickersham & Taft is taking on two new partners to boost its corporate and litigation departments.

  • CC and Eversheds close £100m City deal for Tishman Speyer

    21-May-2001

    Clifford Chance and Eversheds have sealed Tishman Speyer Properties' (TSP) latest move in the City by advising on the acquisition of a £100m-site at Aldgate East from Marsh & McLennan.

  • CC lures top finance lawyer from White & Case in Paris

    21-May-2001

    Clifford Chance is poaching one of France's leading projects and finance lawyers from US firm White & Case.

  • DC Arnold & Porter boosts technology

    21-May-2001

    Washington DC firm Arnold & Porter is ramping up its high-tech litigation practice with the hire of two senior lawyers.

  • DLA boosts litigation with City hire

    21-May-2001

    The City office of DLA is strengthening its litigation practice with the recruitment of a litigation partner from Stephenson Harwood.

  • DLA gains £5m from London Wall

    21-May-2001

    DLA received millions of pounds in premium when it surrendered its offices at London Wall, The Lawyer can reveal.

  • Doctor Spin

    21-May-2001

    The phoney war is over and now the real phoney war begins. The party machines and their counterparts in the media have been stocking their bottom drawers with all manner of material, just waiting for Blair to fire the starting gun. And now the poster sites that were booked out months ago can be filled, the leaks started and the message spun.This election, unlike the last one, lacks a central dividing line. The last election spun around the sleaze of the Tories and the promise ...

  • Family values tempt Lord Alexander to new home

    21-May-2001

    Lord Alexander of Weedon QC has snubbed his former set Brick Court Chambers to join his son at 3-4 South Square.

  • Five-partner finance team quits Sidley for E&Y DC firm

    21-May-2001

    One of the leading structured finance teams in the US is leaving newly-merged Sidley Austin Brown & Wood to join Ernst & Young's law firm McKee Nelson Ernst & Young.

  • Freshfields Amsterdam partner quits for Brussels

    21-May-2001

    Freshfields Bruckhaus Deringer's international arbitration group is to lose a leading partner from the firm's Amsterdam office.

  • Gateley Wareing's profits soar

    21-May-2001

    Midlands-based firm Gateley Wareing has revealed a profit increase of 29 per cent on last year and a 26 per cent rise in turnover for the same period.The 15-partner firm brought in gross fees of £9.5m in a year which saw the launch of its Nottingham office. This third Midlands office adds to existing bases in Birmingham and Leicester.Next year's budget is set at £12m. But there are no plans for the firm to expand its geographical reach further.

  • Gordon Dadds welcomes Camillins into the fold

    21-May-2001

    High-profile Mayfair private client firm Gordon Dadds has swallowed three-partner commercial practice Camillins.

  • Jim Diamond

    21-May-2001

    At the Solicitors Costs Conference in London in November 1999, I was asked to present my views on the future of legal costs, presumably as I was a critic of the Civil Procedure Rules (CPR) from a legal costs perspective (The Lawyer, 10 January 1999). The panel included three judges and a past president of the Law Society, and I believe I was viewed as having a slightly radical viewpoint and as someone prepared to “shoot from the hip”.I was given the last slot of the day to present ...

  • Latham hires Santander head of legal to target Spanish work

    21-May-2001

    Latham & Watkins' London office is launching a Spanish practice with a head of legal from Spanish bank Banco Santander Central.

  • Lawrence Graham posts record profits

    21-May-2001

    London firm Lawrence Graham has had a record increase in profits for the last year and upped average partner pay by around 35 per cent.

  • LCD reports court work decimated

    21-May-2001

    Regional bar suffers as arbitration and mediation work stays in London; High court sees Civil claims drop by 86%

  • Leader

    21-May-2001

    There are fashions in law firms. Travers Smith Braithwaite had a rotten time of it before its recent triumphant return to form; last year Olswang was the hot stock, though its throne is less burnished these days. Much rarer is the firm that can't seem to put a foot wrong.

  • Leap of faith

    21-May-2001

    One of the most contentious questions facing brand owners as they pour increasing millions into advertising and marketing is how to evaluate the return on each pound spent. As Lord Leverhulme once famously commented: "I know that half my advertising budget is wasted, I just don't know which half."When selling baked beans or packets of tea, it is hard to discover exactly why a customer decides to buy the product. Is it the design of the packaging, or is it a product ...

  • Legal widow

    21-May-2001

    Trauma in the household: the new Harry Potter isn't coming out until next year. "But we'll miss a year of his life!" wailed Subjudice. "There'll only be two years to go by next year! And then he'll be grown up and going on Operation Raleigh!"

  • Lincoln's Inn wins massive rate rebate

    21-May-2001

    Chambers in Lincoln's Inn are being paid tens of thousands of pounds each in rate rebates following a recent settlement which reduced rates by up to 50 per cent.

  • Messer Griesheim

    21-May-2001

    Clifford Chance advised Goldman Sachs as coordinator and JP Morgan, HypoVereinsbank and the Royal Bank of Scotland as arrangers in the largest ever European leveraged buyout. The euro1.65bn (£1bn) facilities supported Goldman Sachs Private Equity's and Allianz Capital Partners' acquisition of industrial gases group Messer Griesheim, bought from Hoechst/Aventis.Messer Griesheim operates in ...

  • Money laundering puts City firms on defensive

    21-May-2001

    Five major firms call on Deloittes'anti-fraud; Linklaters steps up global compliance operation

  • News in brief

    21-May-2001

    Littlewoods has appointed Liverpool firm Mace & Jones as its sole adviser for national employment issues. The group will outsource all of its employment law work to the 27-partner firm, which also has an office in Liverpool. The firm has won the contract for a year after winning out against some of the biggest national firms. It will represent Littlewoods in employment cases across the UK and will give specialist employment advice to the firm's in-house legal and human resources ...

  • News in brief

    21-May-2001

    Brick Court Chambers has announced that Lord Cooke of Thorndon is to restart a door tenancy at the set. Lord Cooke will specialise in arbitration and mediation work from 4 June after his retirement as a Law Lord. He follows Sir Oliver Popplewell and Sir Robert Gatehouse, both retired members of the judiciary who now conduct arbitration and mediation practices from the chambers. New Zealand-born Lord Cooke was President of the Court of Appeal in New Zealand between 1986 and 1996, and ...

  • News in brief

    21-May-2001

    SJ Berwin has successfully represented Diageo in obtaining EU merger clearance for its joint acquisition with Pernod Ricard of the spirits and wines business of Seagram. The principal members of the SJ Berwin team were partners Stephen Kon and Simon Holmes, and assistants Matt Evans and Hugo Lindsay.

  • News in brief

    21-May-2001

    Holman Fenwick & Willan is expanding its banking, insolvency and fraud team with two new partners. Former Paisner & Co partner Laurence Katz (left) is joining the London office and Herbert Smith partner George Lamplough is joining the Hong Kong office. The firm has also taken on Canadian law firm Bull Housser & Tupper's Shanghai team, led by resident partner Clive Ansley.

  • Norton Rose turnover goes through the roof

    21-May-2001

    Norton Rose has increased its turnover by 25 per cent, while profits soar by 34 per cent on last year's figures.

  • Paul Weiss prepares for launch in London

    21-May-2001

    After a two year wait, two top partners are flown in from New York

  • Piper Marbury agrees to exclusive merger talks with McCutchen Doyle

    21-May-2001

    Chicago firm Piper Marbury Rudnick & Wolfe is in merger talks with California's McCutchen Doyle Brown & Enersen to create a 1,200-lawyer firm.

  • PwC launches immigration capability

    21-May-2001

    Accountancy giant PricewaterhouseCoopers and its tied law firm Landwell are launching a multidisciplinary practice group to focus on immigration work.

  • Revenge is a sweet little girl

    21-May-2001

    Revenge has come in the form of a rather delightful little figurine for Stephenson Harwood insolvency litigation partner Paul Gordon-Saker. Gordon-Saker bid £505 in an auction held by The Independent for a model of a little girl sitting on a bench (left). Now some of you may be wondering why, especially given that the figurine would be quite at home advertised on the back of a Sunday supplement ...

  • Shadbolts boosts London office with four partners

    21-May-2001

    Surrey firm Shadbolt & Co has hired two new partners and restructured its corporate group in response to increased client demand at its London office.

  • Shearmans takes over Swidler Berlin asset management team

    21-May-2001

    New York giant Shearman & Sterling has nearly doubled the size of its asset management group with a team from local rival Swidler Berlin Shereff Friedman.

  • Shine entertainment

    21-May-2001

    Olswang's Mark Devereux is the senior partner involved in broadcast company Shine Entertainment's launch and strategic businessplan. 3i's investment in the company is the latest in a sequence of deals that Shine has instructed Olswang on. According to Devereux, this deal represents a real triumph for all involved because it is a difficult market in which to raise finance for media projects. He says this ...

  • Shopping around

    21-May-2001

    Partner Colin Kearney dicusses McGuinness Finch's decision to throw in its lot with Osborne Clarke. But what will they all do without Selfridges?

  • Summer in the City

    21-May-2001

    For all those lawyers in London who haven't seen the sun yet this year, Tulkinghorn is delighted to inform you that a couple of Fridays ago was a bright sunny day all across Western Europe.So sunny, in fact, that Clifford Chance's Amsterdam office organised a charabanc trip to the seaside for all staff, and from around 3 o'clock in the afternoon, the office was completely ...

  • Technology, media and telecoms

    21-May-2001

    MoneyGuru Group is admitted to AIM with a placing of ordinary shares to raise £1.4m. MoneyGuru advised by Richards Butler (Philip Taylor). Broker Keith Bayley Rogers and nominated adviser Nabarro Wells represented by Hardwick Stallards.Vodafone Group completes £3.5bn global offering of shares, including a public offering in the US. Vodafone advised by

  • The young guns

    21-May-2001

    Laurence Rabinowitz, One Essex CourtSouth African Laurence Rabinowitz is hugely influential, accruing by far the most votes in a recent survey undertaken by The Lawyer. Law firms and chambers alike say it was amiss of the Lord Chancellor not to select him for this year's silk appointments.Paula Hodges, commercial litigation partner at Herbert Smith, describes Rabinowitz as hard-working, very entertaining and a brilliant lawyer. A top commercial silk rates ...

  • Tulkinghorn's got the power

    21-May-2001

    Full marks to Redleaf PR for recognising Tulkinghorn's full potential. For years, nay decades, your loyal servant has been trying to impress on the world that his talents lie far beyond merely regurgitating the witty goings-on of lawyers.Only last week, a call came through from said PR company, which lives in Rosenblatt Solicitors' offices, checking whether the editor of The Lawyer ...

  • UBS finally fills general counsel role with hire from Homburger

    21-May-2001

    Swiss investment bank UBS has recruited a new group general counsel to be based in Zurich.

  • Vodafone

    21-May-2001

    Another great telecoms deal for the London office of Cleary Gottlieb Steen & Hamilton, which also advised the underwriters on US law in BT's record-breaking rights issue in the same week (The Lawyer, 14 May). This deal for Vodafone was the largest ever placement in the UK and the issuance was increased from initial estimates to meet investor demand, with the proceeds being used to acquire stakes in ...

  • Weatherill moves to Enterprise

    21-May-2001

    Bernard Weatherill QC has left 3 New Square after 25 years to "develop links already established with solicitors in the Midlands and the North East".

  • Wessing blames Von Meibom for tensions

    21-May-2001

    Troubled German law firm Wessing has blamed its current strife on departing former chief executive Wolfgang von Meibom.

  • What's in a name?

    21-May-2001

    Bonaparte was wrong. Britain is not a nation of shopkeepers - it is a nation of franchisers. In 2000, the estimated annual turnover of the business format franchise sector in the UK was £9.3bn - up from £0.9bn in 1984 - and with an average turnover per franchised unit of £289,000.Not bad for a sector that, until the late 1970s, "was regarded in some quarters as another name for pyramid selling, and therefore something to be a little suspicious of", according ...

  • Wragges increases profits by forty five per cent on last year

    21-May-2001

    Osborne Clarke has reported a 40 per cent growth in turnover, pushing its figure from £35m in 1999/2000 to £50m for the last financial year.

  • Wragges increases profits by forty five per cent on last year

    21-May-2001

    Birmingham-based Wragge & Co has announced record turnover figures for this financial year.