21 October 2002

The Lawyer

  • 23-Oct-2002

    White & Case has bumped up its capital markets capacity after recruiting astructured finance specialist from Linklaters.

  • A legendary let down

    21-Oct-2002

    Apart from White & Case, lawyers tend to be very precious about their client parties. Slaughter and May lawyers will talk endlessly about the modern electronic music planned for their upcoming client soiree, but Tulkinghorn has less chance of making it through the doors than DJ Carl Cox.So, Tulkinghorn ...

  • A&O elbows out Linklaters on LBO

    21-Oct-2002

    Linklaters has missed out on thousands of pounds worth of fees after Goldman Sachs ordered that Allen & Overy (A&O) was instructed on an upcoming leveraged buyout (LBO).It is understood that Linklaters' banking department was initially instructed on the LBO by UBS Warburg through the firm's ...

  • Addleshaws boosts London corporate finance

    21-Oct-2002

    Addleshaw Booth & Co has bolstered its London corporate finance practice with the relocation of partners Stephen Houston and Simon Pilling from Manchester and Leeds respectively. Houston has been with the firm for three years and specialises in public and private M&A. Pilling specialises in private equity deals. The firm has also appointed partner Michael Harris as director of Addleshaw Booth & Co Corporate Services, which provides company secretarial services.

  • Ashursts attacks Japanese market with bengoshi hires

    22-Oct-2002

    Ashurst Morris Crisp follows Sidley Austin's lead in establishing Japanese joint venture

  • Best of British

    21-Oct-2002

    If you believe the papers, the relationship between Europe and the UK is a serious case of 'never the twain shall meet'. But not so when it comes to the English Bar, says Marie Demetriou

  • Boots chooses Masons for outsourcing advice

    21-Oct-2002

    Masons' first instruction for the Boots Company is one of the largest outsourcing deals to take place in the world this year.The chemist is outsourcing its entire IT infrastructure to IBM Global Services in a contract worth around £710m. Boots has also entered a £54m-£90m deal with Xansa to support its business application.Masons beat off competition from two specialist IT firms to win the work. Boots head of legal David Foster declined to ...

  • Burges Salmon scoops America's Cup work

    21-Oct-2002

    Burges Salmon has won the race to advise GBR Challenge, the UK's America's Cup sailing team. The firm will advise on sponsorship contracts, worth more than £3m. Julia Harrison Lee, GBR Challenge's director and head of legal, said: "We chose Burges Salmon as it has people that know and understand the sport of sailing and is the only firm in the country with an employee who has ...

  • Camerons appoints new Moscow managing partner

    24-Oct-2002

    Former managing partner seconded to CMS German member, Hasche Sigle, to strengthen M&A capability

  • Carillion demands 25 per cent cost saving

    21-Oct-2002

    New panel asked to formulate money-saving strategies; regular reviews planned

  • CC, Deloitte bill £3.8m for ITV work

    21-Oct-2002

    Clifford Chance and Deloitte & Touche have billed £3.8m between them for handling ITV Digital's administration.The figure was revealed at a creditors' meeting last Friday (18 October), which was held to announce formally that the company is entering liquidation and to appoint a liquidator.As revealed by The Lawyer (16 September),

  • Charity acts

    21-Oct-2002

    Always one to lend his support to charity, Tulkinghorn recently found himself at a fete run by DJ Freeman to raise money for the Royal Marsden breast cancer campaign. Although the event sported a wide range of stalls and auctions, Tulkinghorn's particular interest focused on the evening's entertainment, starring a number of partners strutting their musical talents on stage.Head of employment David von Hagen was a hit with his rendition of Mack the Knife, which ...

  • Clifford Chance New York slammed by its own associates

    25-Oct-2002

    13 page documents details Clifford Chance associates’ grievances that range from the firm’s billable hours target to poor communication

  • Clintons hires Wedlake Bell senior partner

    21-Oct-2002

    Media and sports firm Clintons has hired Martin Walford, a senior partner at Wedlake Bell, as a consultant. His appointment coincides with the recruitment of three assistants, Nimesh Kamath, Natalie Flooks and Louise Goodkind.

  • Corporate deals round-up

    21-Oct-2002

    Ashurst Morris Crisp (Charlie Geffen) advised Compass Capital Partners International and NewCo (Eastern) in relation to their $145m (£93.3m) cross-border acquisition of Invensys business Drive Systems. Invensys was advised by Freshfields Bruckhaus Deringer.

  • Dechert loses First Choice to the regions

    21-Oct-2002

    Following a post-11 September review of its retail property advisers, First Choice Holidays has dumped Dechert, replacing it with TLT Solicitors and Eversheds.Dechert had a longstanding relationship with First Choice, but was displaced ...

  • DLA Dutch ally raids De Brauw to build tax practice

    21-Oct-2002

    DLA's Dutch best friend SchutGrosheide has appoin-ted De Brauw Blackstone Westbroek corporate finance tax specialist Marc de Bruijn to head its tax department.De Bruijn was approached by SchutGrosheide in the spring.Following the approach, de Bruijn recruited fellow De Brauw tax partner Andre Jansen and senior associate Raymond Wanningen. The firm has also hired De Brauw senior tax consultant and advocate Boris Emmerig and junior assistant Francis Hover ...

  • DLA forms bulwark as the OFT gets tougher on cartels

    21-Oct-2002

    Helen Power discovers that the best defence against the OFT may be a bunch of 'Northern upstarts'

  • Ernst & Young law firm to adopt Andersen structure

    21-Oct-2002

    The former managing partner of Andersen Legal in Italy is overhauling the structure of Ernst & Young's Italian legal arm after the two firms merged.Francesco Marotta took over as managing partner of Ernst & Young law firm Studio Legale Tributario as part of a deal that saw him take 95 Andersen Legal lawyers into the merger. Just 20 former Andersen lawyers opted to stick with an earlier deal struck with Deloitte & ToucheThe Ernst & Young practice now has ...

  • European Court of First Instance slams Competition Commission

    22-Oct-2002

    Commission's decision to block Schneider-Legrand merger severely criticised by European Court of First Instance; decision on Tetra Laval expected next week

  • Film bluffs

    21-Oct-2002

    Tulkinghorn realises that City law firms should grab every available opportunity to associate themselves with the cool and glamour of Hollywood, but Allen & Overy's (A&O) latest desperate attempt falls short in every department.Picture the scene. Marketing executives and partners enter a huddle to decide the name for their seminar on the wireless industry. "Hmm wireless it's ...

  • Firms await Telia-Sonera merger

    21-Oct-2002

    Telia general counsel Jan-Henrik Ahrnell is to head the Telia-Sonera legal department following the largest Nordic merger in history.Sweden's Telia launched its offer to Sonera shareholders two weeks ago and looks set to dominate the new partnership. Telia's legal department outnumbers Sonera's department, with 55 lawyers to Sonera's 20.The merger will spark a scramble among law firms competing for work from the combined company.Telia's ...

  • Firms hammer out Sarbanes-Oxley Act

    21-Oct-2002

    Allen & Overy hosted discussions last week between City lawyers and the Securities and Exchange Commission (SEC) on the impact of the Sarbanes-Oxley Act on lawyers outside the US.The videoconference discussions were chaired by the firm's joint head of US law and derivatives Geoffrey Golden. On the SEC side, Giovani Prezioso, the SEC General Counsel, and his deputy were involved.

  • First round to Herbert Smith on Noboa

    21-Oct-2002

    Gordon Pollock QC caved in last week, handing the Herbert Smith legal team victory for its client in the $1bn (£643.8m) Noboa litigation. Herbert Smith and its barristers are set to earn an estimated £7m in fees for their work representing Fruit Shippers Ltd (FSL) on the eight-day trial.Pollock is acting for Maria Elena de Molestina, one of the two sisters trying to wrest control of FSL, one of the world's largest fruit companies, valued at around $1bn, ...

  • Ford forces firms into bidding war

    21-Oct-2002

    The Lawyer has learnt that Ford Motors has asked 20 firms to pitch for its new panel as it battles to curb its £10m annual legal spend and improve the quality of service it receives.According to a City source, the ailing automotive giant has said it is determined to slash its annual UK legal outlay to £7m. Its largest spend on any single provider is currently £3m a year.Those firms asked to pitch for the new panel are:

  • Freshfields wins magic circle battle for HK IPO

    21-Oct-2002

    China Telecom Corp opts for Freshfields for New York and Hong Kong listings

  • Friends in high places

    21-Oct-2002

    The marketing department at Beachcroft Wansbroughs recently received a phone call from a consultancy company keen to hook up with the firm on a joint venture generating healthcare work. The consultant was informed by a Beachcrofts marketing person that he would need to speak with the firm's senior partner Lord Hunt of Wirrall. "Lord Hunt?" the consultant exclaimed. "That must set the firm in good stead for health work," he continued, numerous possibilities opening up before his ...

  • Insurers to gain extra £55m from law firms

    21-Oct-2002

    Solicitors' professional indemnity premiums rise from £141m to £221m in a year

  • Internal energy

    21-Oct-2002

    E.ON Energie boasts one of the best German in-house teams in the business. So with the creation of its own M&A department, should law firms be worried? Aled Griffiths reports

  • Keating takes on 2 Temple Gardens silk

    21-Oct-2002

    Leading construction set Keating Chambers has bolstered its specialist practice with the addition of highly-rated David Thomas QC from 2 Temple Gardens.Thomas, who took silk earlier this year, made the move with junior Adam Constable, who is a fellow construction and engineering specialist. Both started at Keating last week."We just saw the business logic of joining a talented team with great depth and the client care culture that exists here," said Thomas.

  • Knowing it all

    21-Oct-2002

    A new EU directive is set to force UK businesses to be more transparent about their finances and to consult their employees on future strategy. Elizabeth Slattery reports on the changes

  • KSB Law recruits first chief executive

    21-Oct-2002

    Appointment of chartered accountant Mark Feeney to chief executive's role follows firm-wide strategic review

  • Kvaerner merger sees legal director head off to Dorsey

    21-Oct-2002

    Jan Greve, former legal director at Norwegian construction company Kvaerner, has joined the London office of Dorsey & Whitney.Greve has taken his first plunge into private practice after Kvaerner moved its headquarters from London back to Oslo following its January merger with Aker.Aker Kvaerner, which recently cut 1,000 jobs, has retained no central in-house function, with some lawyers being made redundant and others moving to assorted business units. Most of ...

  • Land Securities dumps Lawrence Graham and Finers

    21-Oct-2002

    Property giant Land Securities has dropped two firms in a review of its legal services and is keeping its newly formalised panel under review as part of an ongoing modernisation process.Lawrence Graham and Finers Stephens Innocent have both lost their roles with Land Securities.The successful firms are Nabarro

  • Leader

    21-Oct-2002

    Winston & Strawn opening in London? Are they mad? The initial response is probably yes. With the state of the UK market at the moment, one might surmise that the Chicago firm's management has been taking a few too many happy pills. Just look at the evidence. A number of UK firms have begun making redundancies, including Osborne Clarke, KLegal, Denton Wilde Sapte, Tite & Lewis and Masons - the ...

  • Lovells Paris partner quits for Jones Day

    21-Oct-2002

    Lovells Paris competition partner Eric Morgan de Rivery has joined Jones Day Reavis & Pogue. De Rivery, a French EU and competition expert, previously headed Lovells' Paris competition practice. De Rivery's post at Lovells will be filled by Paris competition partner Pierre de Montane and Brussels partner Pierre de Montalembert.

  • Maples Teesdale

    21-Oct-2002

    With private client gone, expansion is on the cards for Maples Teesdale

  • Minters nabs KPMG ace to head Melbourne

    21-Oct-2002

    Australia's second-largest firm Minter Ellison has appointed the former national managing partner and chief executive officer of KPMG Australia Brian Jamieson as Melbourne managing partner.This is Jamieson's first move into the legal profession after 40 years in accountancy. He was originally the managing partner of Touche Ross Australia, leading it through its merger with KPMG.Jamieson takes over from Barry McGuiness, who has been in the role for five ...

  • Mishcon de Reya forced to return client files to Healys

    21-Oct-2002

    Mishcon de Reya has been ordered by the High Court to return a large number of missing client files to Healys, a small City-based practice with an office in Brighton. The files were removed by salaried partner Stephen Jackson, who left Healys to join Mishcon at the end of August.According to Mishcon, Jackson was offered a position as an assistant on the condition that any clients he ...

  • MoFo wins Olympic contest

    21-Oct-2002

    Morrison & Foerster (MoFo) has beaten competitors including Clifford Chance and Coudert Brothers to the prestigious role of international counsel for the Beijing Olympic Games.The Beijing Organizing Committee for the 2008 Summer Games carried out a rigorous selection process lasting more ...

  • Much ado about nothing

    21-Oct-2002

    The Government has put forward its new proposals to free up the charity sector. But as Jon Robins discovers, many regard it as an elaborate exercise in semantics

  • New legal head for Threadneedle Investments

    21-Oct-2002

    Threadneedle Investments, a member of Zurich Financial Services Group, has hired a Henderson Global Investors lawyer to head its in-house team. Tom O'Connor replaces Robert Stemmons, who is understood to have moved to Citibank. First revealed on www.thelawyer.com/lawyernews on 16 October

  • OFT gets tough on sportswear cartels

    21-Oct-2002

    The Office of Fair Trading (OFT) has launched an investigation into possible price-rigging across the branded sportswear sector. Should the investigation proceed, the law firms and barristers already involved on the related football shirt price-rigging investigation stand to rake in hundreds of thousands of pounds extra in fees.An OFT spokesperson told The Lawyer: "We've launched an investigation into the branded sportswear market, but at this stage you can't assume ...

  • OFT repeats £1.3m fine for predatory pricing

    21-Oct-2002

    At the second attempt, the UK Office of Fair Trading (OFT) made its first decision on predatory pricing under the 1998 Competition Act.A four-year tug-of-war between the OFT and Aberdeen Journals, a division of the Daily Mail and General Trust Group, has returned an identical result to an earlier decision, fining Aberdeen Journals £1.3m.The original decision was overturned on appeal to the Competition Commission Appeal Tribunal, and this may go the same ...

  • Opinion

    21-Oct-2002

    More than three years after the introduction of the new Civil Procedure Rules (CPR), some litigators are still missing opportunities to take full advantage of expert evidence.There are two aspects of the CPR where there is scope for lawyers to take the initiative: written questions to experts and preparing for discussions between experts.Suppose you receive a report containing what you consider to be an adverse expert opinion from the other party - what are the ...

  • Paes de Almeida and J Henriques da Silva expand with Lisbon deal

    21-Oct-2002

    Lisbon-based firm Paes de Almeida Corrêa de Sampaio & Associados has merged with the Law Office of J Henriques da Silva, also based in the Portuguese capital.The new firm will be a five-partner outfit known as Henriques da Silva Paes de Almeida Corrêa de Sampaio & Associados Sociedade de Advogados, but will operate under the trademark PACSA. It will offer corporate, M&A, tax, bankruptcy, labour and competition law advice. The corporate, M&A and competition capability ...

  • Protégé Holdings Mayer Brown lures back Protégé from 'expensive' Clifford Chance

    21-Oct-2002

    Mayer Brown Rowe & Maw (MBR&M) has won back software company Protege Holdings, a client that it lost to Clifford Chance during the height of the technology boom. The technology company instructed MBR&M on its transatlantic merger with California-based Voquette.Despite Protege's longstanding relationship ...

  • Pump Court Tax Chambers secures new senior clerk

    22-Oct-2002

    Essex Court second junior Nigel Jones to replace Geraldine O'Sullivan who left earlier this year

  • Radcliffes to hire new CEO from outside firm

    21-Oct-2002

    Partners at Radcliffes-LeBrasseur have voted to retain their current management structure and find a new chief executive officer (CEO) externally, after the shock departure of Vincent Denham in August.At a meeting at the end of September, partners voted to find seek their new CEO from outside the firm. In the meantime, it has appointed an executive committee to oversee the running of the firm.Senior partner Robert Vallings is chair of the committee, which comprises ...

  • Recruiters on the move

    21-Oct-2002

    Gareth Quarry, founder of QD, has resigned from recruitment consultancy TMP, two years after TMP took over QD for £45m. In a separate move, TMP senior consultants Nick Shilton and Gavin Sharpe have also resigned and are thought to be setting up in business together, while former TMP senior consultant Tim Marshall has joined search agency Hoar Nuttall.

  • Reed Smith set to add Crosby to empire

    21-Oct-2002

    The former managing partner of Andersen Legal in Italy is overhauling the structure of Ernst & Young's Italian legal arm after the two firms merged.

  • Reynolds Porter plans to streamline management

    21-Oct-2002

    Reynolds Porter Chamberlain is proposing to slim down its seven-strong management team after appointing a chief executive for the first time.Reynolds Porter has just taken on former BDO Stoy Hayward managing partner and Carphone Warehouse non-executive director Adrian Martin as chief executive. The firm is now proposing a review of its 15-year-old consensual management model.

  • SA minerals charter to create legal torrent

    21-Oct-2002

    A socio-economic empowerment charter released last week by the South African government's Department of Minerals and Energy will see lawyers enjoy a flood of work over the next few years.The charter, aimed at empowering historically disadvantaged South Africans (HDSA), says that the industry must achieve 26 per cent HDSA ownership of mining industry assets within 10 years, a target that will apply to each mining company individually.It also states that the ...

  • Schillings' hopes crushed as Campbell appeal bites dust

    21-Oct-2002

    Naomi Rovnick on how Naomi Campbell's defeat has closed a lucrative path for 'privacy specialists'

  • Sidley teams up with Japanese firm

    21-Oct-2002

    Sidley Austin Brown & Wood is upping the ante in Japan with a joint venture in Tokyo. The team of lawyers will be led by Komatsu Koma & Nishikawa name partner Tomoo Nishikawa.The team includes three bengoshi from Komatsu (Nishikawa plus Wansik Lee and Tadano Shima) and a fourth, Teiko Shigezumi, from Osaka firm Yodoyabashi Gohdoh. The firm is also in negotiations with two further Japanese ...

  • Simmons grows Abu Dhabi finance team

    21-Oct-2002

    Simmons & Simmons has recruited a Trowers & Hamlins partner for its Abu Dhabi banking and project finance practice. Roger Clarke was previously a partner in banking and finance at Trowers' Bahrain office, specialising in energy, power and water projects and aviation finance. First revealed on www.thelawyer.com/lawyernews on 15 October

  • Sinclair Roche faces £18m headache

    21-Oct-2002

    The legal bill faced by Sinclair Roche & Temperley for losing a case against former client Somatra has risen from the estimated figure of £9m to £18m. It has also emerged that the firm will not technically merge with Stephenson Harwood until the £18m is paid off.Somatra sued Sinclair Roche for negligent work carried out in 1994, when the firm represented the company ...

  • Slaughters protects Colt from bondholder

    21-Oct-2002

    Slaughter and May has come to the aid of Colt Telecommunications to fight off a controversial bid by rebel bondholder Highberry, which is attempting to put the company into administration.Highberry, a hedge fund controlled by the US-based Elliott Group, holds around £75m of Colt bonds and claims that the UK telecoms carrier will not be able to meet bond payments due between 2005 ...

  • Spin doctor

    21-Oct-2002

    Just before tucking into his fishcake at the prestigious Ivy restaurant last week, Tulkinghorn was pleased to spot former Northern Ireland minister and New Labour spinmeister Peter Mandelson walk through the door. By Tulkinghorn's second bite, Mandelson had been followed in by Olswang chief executive and PR supremo Jonathan Goldstein.While Mandelson's reputation was nearly mangled ...

  • Stanbrook sets up EU lobbying unit

    21-Oct-2002

    Brussels-based EU and commercial law firm Stanbrook & Hooper has launched a new practice group combining the roles of lobbyist, legal adviser and advocate.As revealed on www. thelawyer.com/lawyernews on 15 October, the institutional, governmental and constitutional (IGC) practice has been created to advise on, influence, scrutinise and challenge the legislative and quasi-legislative processes of the EU. The practice is seeking active involvement in the formation and amendment ...

  • Stayin' loose

    21-Oct-2002

    A fundamental shift from hardware to IT services by Fujitsu means general counsel Richard Allnutt has had to revolutionise the legal department and keep his options open. Emma Vere-Jones reports

  • Swift justice?

    21-Oct-2002

    The Court of First Instance has been trumpeting its new initiative aimed at streamlining and speeding up the legal process. Julie Eldred asks: is fast-track on track?

  • The bald truth

    21-Oct-2002

    Tulkinghorn always welcomes serious, constructive comment about The Lawyer's coverage, so the team was particularly heartened to receive the following email from a City property department head in response to last week's feature, 'Realty bites'. The email read: "Thank you for cutting off the top of my head in the photograph - you have missed out my receding hair line thus making me look much younger, something a number of my partners and assistants have already remarked ...

  • The excitement is building

    21-Oct-2002

    Breaking news just in: Lovells has a new building. Ok, so it's not breaking news at all and most of you will by now be aware that the firm has some spanking new premises on Holborn Viaduct. But the firm is exceptionally excited about its new office space. As part of its promotional campaign to celebrate what is, after all, a seminal event in the history of the legal profession, Lovells has supplied The Lawyer with some exclusive pictures of the new building.While we ...

  • The gains In Spain

    21-Oct-2002

    The recent rise to prominence of private equity houses in Spain has made local and international firms sit up and take notice. Inigo Gomez-Jordana and Jose Sanchez Dafos give the lowdown

  • The wrong choice

    21-Oct-2002

    Speaking of mix-ups, Tulkinghorn is rather red faced over a bit of a slip-up in last week's edition of The Lawyer. When barristers at 4-5 Gray's Inn Square opened their copies of The Lawyer last Monday they were greeted by a photo of John Hobson, but it was not the John Hobson QC they knew and loved. "He's looking rather good," was the cheeky comment from a member of the set. Amused by the mix-up, the barristers decided to run a sweepstake to guess who the mystery man ...

  • Tony Williams goes it alone

    21-Oct-2002

    Former Andersen Legal managing partner Tony Williams has re-emerged as an independent law firm consultant. He told The Lawyer: "The intention is to provide advice primarily to law firms, but also to in-house legal departments, on developing and implementing their strategy and operations." First revealed on www.thelawyer.com/lawyernews on 16 October

  • Tough at the top

    21-Oct-2002

    New CC senior partner Stuart Popham admits to a feeling of euphoria upon winning the role, but says reality is starting to bite. Dearbail Jordan reports

  • White & Case aids UPC with bankruptcy protection

    21-Oct-2002

    White & Case is advising United Pan-Europe Communications (UPC), Europe's largest cable television company, on its application for bankruptcy protection in the US and the Netherlands, as part of a restructuring agreement with creditors and bondholders.The deal forces the company's largest creditor and shareholder, UnitedGlobalCom (UGC), and a bondholders' committee to ...

  • Winston & Strawn in shock London launch

    21-Oct-2002

    US firm set for City hiring spree; UK merger on agenda; Christmas opening planned

  • WIPO rejigs patent application process

    21-Oct-2002

    THE GENERAL Assembly of the World Intellectual Property Organization (WIPO) has streamlined and simplified the international patent application filing system as operated under its Patent Cooperation Treaty.Delegates agreed to integrate two key processes, namely an international search looking for existing patents that might throw doubt on the uniqueness of an invention, and an examination of the application itself, checking whether it is novel, involves an inventive step ...

  • Wragges, Herbert Smith act on King's College sale

    21-Oct-2002

    Wragge & Co lateral Gerald Bland teamed up with a former Herbert Smith colleague to help resolve the high-profile fight over 'Block Nine', a prized London site owned by King's College.The battle culminated in the college council's decision not to sell the land opposite the Houses of Parliament to Allen ...

  • WTO deputy joins Van Bael & Bellis

    21-Oct-2002

    Deputy director general moves into private practice to head Van Bael's Geneva team