23 April 2001

The Lawyer

  • A VIEW from gibraltar

    23-Apr-2001

    Gibraltar is a dependent territory, yet it is also an offshore one. Like the Cayman Islands or the British Virgin Islands, it is a common law jurisdiction that has an attractive tax regime for certain categories of companies and individuals. It has its own constitution and the House of Assembly makes its own laws on domestic issues (external affairs, such as foreign policy and defence, are the domain of the UK).But Gibraltar is not a "no-tax" jurisdiction. What distinguishes ...

  • A year ago this week

    23-Apr-2001

    Denton Wilde Sapte follows Cameron McKenna to AfricaDenton Wilde Sapte's first foray into East Africa was brokered by its East Africa expert Charles Morrison and head of trade finance Geoffrey Wynne.An association was set up with leading Tanzanian firm Mkono & Company, a Dar Es Salaam-based firm specialising in a range of practice areas including projects, foreign investments and oil and gas mining.This move followed hot on the heels ...

  • Bengoshi

    23-Apr-2001

    Bengoshi are senior Japanese lawyers. In a notion somewhat alien to the West, bengoshi are regarded as some of the most senior members of society and afforded due respect. Bengoshi are always referred to as sensa, the Japanese word for teacher and the highest form of address (most people are referred to as san). The actual word bengoshi is similar to the definition of barrister, and relates to someone who stands up and argues. Bengoshi have only existed in Japan since the 19th century.

  • Boodle targets private clients in restructure

    23-Apr-2001

    Boodle Hatfield has appointed its first managing partner in five years as part of a major management overhaul.

  • Book review

    23-Apr-2001

    New Masters of Flash by Tomas Jankowski et al, published by Friends of ED (ISBN 1903450039)It should be said at the outset that this is not the sort of book that you will impulse buy. And at £43 you are unlikely to get it on expenses without an eyebrow being raised. You will not find it on the business shelves or filed under "Marketing", but it could be one of the most profitable ways of spending half an hour on one of Borders' settees.

  • Brief encounter: mills & reeve

    23-Apr-2001

    The Cambridge department of Mills & Reeve is very pleased with itself. With 25 of the company's 60 partners and 125 of the 260 solicitors, it earns around 50 per cent of the firm's total £25m turnover. The branches in Norwich, Birmingham and London have got a bit of catching up to do. Even so, the firm has fulfilled its four-year strategic plan a year ahead of schedule.

  • CCR&W lures Chadbourne team to boost litigation department

    23-Apr-2001

    Clifford Chance Rogers & Wells (CCR&W) is taking on a team of partners for its litigation department from US firm Chadbourne & Parke.

  • City firms put brake on newly-qualifieds' pay

    23-Apr-2001

    City firms are closing ranks to halt the escalating salary war. A host of firms have already had informal discussions to keep newly-qualified salaries below £50,000.

  • Corporate

    23-Apr-2001

    Européenne de Froid et Services, MC International Group's holding company, sold to Johnson Controls for euro164m (£101m). The management and Charterhouse, Advent and CDC Equity Capital - all owners of Européenne - advised by Ashurst Morris Crisp (Thomas Forschbach). Johnson Controls advised by Herbert Smith.

  • Dechert expands in US with West Coast office

    23-Apr-2001

    Transatlantic firm Dechert is ramping up its US presence and opening up its first office on the West Coast.

  • Doctor spin

    23-Apr-2001

    His contract was reportedly worth £600,000 a year. His various characterisations provided enough material to keep his fellow comedians in spoofs for years. The campaign was widely criticised but, according to the company, highly successful. And now Vauxhall is set to dump Griff Rhys Jones.The former Not the Nine O'Clock News star was hired in November 1999 on a three-year contract in an effort to make the brand more memorable by making it more humorous. ...

  • East side story

    23-Apr-2001

    Asia as a whole is going through some momentous changes: last year, Singapore allowed foreign firms to form joint ventures with local counterparts to provide domestic advice for the first time; China is overhauling its attitude to outsiders as part of its accession to the World Trade Organisation; and countries previously deemed low money-spinners such as Indonesia, Malaysia and Thailand, are throwing up a host of meaty restructuring deals as the region pushes its way out of recession. ...

  • Etiquette

    23-Apr-2001

    Even with the not insignificant influence of globalisation and liberalisation, there is still a basic etiquette that needs to be followed in Japan. Non-domestic lawyers are forgiven much, but must at the very least appear to be trying.TardinessIf you are late, you are untrustworthy. It is as simple as that.Seating planThe most junior person will sit nearest to the door. Although on occasion an incorrect seating ...

  • FHM fame and fortune floozy

    23-Apr-2001

    Well, well, well. Which is the cooooolest law firm in the world, ever? Tulkinghorn feels that this is basically a contradiction in terms, but if pushed maybe it should be Clifford Chance or SJ Berwin?But no, it is actually

  • Freshfields, Linklaters lead first quarter deals

    23-Apr-2001

    Mid-size firms shoot up the rankings as US firms are forced out of the top ten

  • Garretts hires Dewey Ballantine lawyer

    23-Apr-2001

    Andersen Legal Garretts is taking on its first US-qualified capital markets partner from the London office of New York firm Dewey Ballantine.

  • Gianni Origoni makes another Simmons catch

    23-Apr-2001

    Simmons & Simmons' Italian practice has lost a second partner to Linklaters & Alliance member Gianni Origoni & Partners.

  • Herbert Smith takes on OFT with Napp appeal

    23-Apr-2001

    Competition Commission Appeal Tribunal to be tested by Napp case

  • In good company

    23-Apr-2001

    The Takeover DirectiveThe Takeover Directive is expected to be adopted into UK law in the next few months. It aims to produce a common minimum European standard for the conduct of public takeovers and is part of the European Union's (EU's) Financial Services Action Plan for the setting up of a financial services single market by 2005.Alan Paul, corporate partner at Allen ...

  • J sainsbury / accenture

    23-Apr-2001

    Conforming to the Robert Palache dictum that securitisation is less a specialism than a skill set, Clifford Chance partner Steve Curtis has advised Barclays Capital on one of the more innovative financings around - the replatforming of J Sainsbury's IT business in tandem with Accenture. This is one of a growing number of whole business securitisations. It is also the third J Sainsbury securitisation ...

  • Judges of the ecj

    23-Apr-2001

    Gil Carlos Rodríguez Iglesias: president of the European Court of Justice (ECJ) since October 1994 and judge since January 1986.Claus Christian Gulmann: since October 1994, and previously advocate general.David Alexander Ogilvy Edward: since March 1992, and Court of First Instance (CFI) judge from September 1989.Antonio Mario La Pergola: since December 1999, and previously advocate general and ECJ judge.Jean-Pierre Puissochet: since ...

  • Kennedys launches a second office in India

    23-Apr-2001

    City firm Kennedys is opening a second Indian office, effectively doubling the size of its domestic practice.

  • Last Leipzig Gaedertz partners find homes

    23-Apr-2001

    KPMG Treuhand & Goerdeler and Haarmann Hemmelrath & Partner have recruited the last partners to quit the defunct Leipzig office of Gaedertz.

  • Leading independent Japanese firms

    23-Apr-2001

    Atsumi & Usui: a niche player; strong on securitisation.Andersen Mori: long-established leader in M&A.Mitsui Yasuda Wani & Maeda: grown very quickly since it was established in the late 1980s. It has a Western approach to partnership in regards to decision-making and profit-sharing.Mori Sogo: strong reputation in M&A, although very domestically focused. Also strong in securitisation. Has a close relationship with

  • Legal Widow

    23-Apr-2001

    I took Subjudice to aqua aerobics with me the other day, and she had a good laugh while we hoofed our way through an underwater Living la Vida Loca.

  • Linklaters secures Bunhill Row lease for new offices

    23-Apr-2001

    Linklaters & Alliance is taking on the lease of a 100,000sq ft office at 3 Bunhill Row, London EC1, adjacent to Slaughter and May's new Chiswell Street building.

  • McDermott raids California rivals to boost IP practice

    23-Apr-2001

    Chicago firm McDermott Will & Emery is expanding its Silicon Valley practice by hiring two partners from rival firms.

  • McDermott to advise on e-banking

    23-Apr-2001

    The London office of Chicago firm McDermott Will & Emery is setting up a new practice group to advise investment banks on e-commerce work.

  • MoFo boosts DC, LA and Silicon Valley

    23-Apr-2001

    San Francisco firm Morrison & Foerster (MoFo) is taking on three new partners in the US to ramp up its patent prosecution and corporate securities practices.

  • Opinion

    23-Apr-2001

    Is there life after Napster? And does anyone care anymore? The press, both music and mainstream, has covered every twist and turn in the litigation. So much so that readers could be forgiven for feeling that the story of a young man who developed a software application which allows individuals to swap music files for free should now be left to rest in peace. But the case, and more importantly the issues it raises, are very much alive.On the case itself, ...

  • People's bank / citigroup

    23-Apr-2001

    Another nice deal for London-based Cleary Gottlieb partner Andrew Curran, who joined the firm from Lovells in 1997. This sale comes hard on the heels of his work for Kobe Steel and its subsidiary Kobelco Construction Machinery in its global alliance with CNH Global (The Lawyer, 16 April), and last year he advised Robert Fleming Holdings on its takeover by Chase Manhattan.

  • Philipson's death creates Thyssen hole

    23-Apr-2001

    Trevor Philipson QC, one of the lead counsel in the court battle over Baron Hans Heinrich Thyssen-Bornemisza's estimated £1.2bn fortune, has died aged 52.Philipson was one of three lead counsel in the Bermuda Thyssen case, which recently ground to a halt after Judge Mitchell stepped down.Philipson's wide-ranging practice included international arbitration, aviation, civil fraud, commercial litigation and energy and natural resources. He was particularly ...

  • powergen / e.on

    23-Apr-2001

    Slaughter and May scooped this deal from the jaws of Freshfields after it had a massive conflict - being the law firm of choice for both Powergen, through London, and E.ON, through merger partner Bruckhaus Westrick Heller Löber in Germany.

  • Prime time Talking

    23-Apr-2001

    Primus Telecommunications is certainly in its prime and promises greater things for the future, as it expands into Europe in the unusual position of being a telecoms company in credit, its legal needs are growing along with its global reach. Kelly Harrison reports

  • Real estate

    23-Apr-2001

    When Berwin Leighton and Paisner & Co announced their merger plans, they made no secret of the fact that the deal was corporate driven. But when it takes effect on 1 May, the firms' 160 property fee-earners will also be moving in together. Berwin Leighton brings some 22 property partners, double that of Paisner. The department's projected turnover for 2000/2001 is £32m. Philip Bretherton, Berwin Leighton's head of property, says that figure is the sum of two parts and does not incorporate ...

  • Real Estate and Projects

    23-Apr-2001

    Compass sells Regent Palace and Strand Palace, Cumberland Hotels, Posthouse Hotels and Heritage Hotels for an aggregate value of £1.3bn. Compass Group advised by Freshfields Bruckhaus Deringer (James Davis) and Paisner & Co (David Levy, Rachel Phillips). London & Regional Properties, purchaser of Regent Palace and Strand Palace, advised by

  • Rowe & Maw boosts banking team with Eversheds partner

    23-Apr-2001

    Rowe & Maw is ramping up its banking department and adding a senior partner from Eversheds' London office.

  • Shadbolts presented Queen's Award for international trade

    23-Apr-2001

    Surrey practice Shadbolt & Co has become only the third law firm to win a Queen's Award for Enterprise in recognition of its achievement in international trade.

  • Shearmans takes on Bright for M&A push

    23-Apr-2001

    US firm gears up for assault on European M&A as CC competition head quits; Brussels office to open in July

  • Silks list hails success for the Welsh bar

    23-Apr-2001

    The Welsh bar's success in last week's silks list is being linked to a rise in its general commercial and public law work.

  • SJ Berwin advises API on real estate

    23-Apr-2001

    SJ Berwin has advised on the creation of four investment vehicles for Aberdeen Property Investors (API) and Matrix Securities.

  • Skadden Arps represents animal testing company against activists

    23-Apr-2001

    Skadden Arps Slate Meagher & Flom is advising Huntingdon Life Sciences and its backer, Stephens Group, on their US-based action against various animal rights organisations.

  • Specialising in stupidity

    23-Apr-2001

    Tulkinghorn must thank the anonymous caller who last week rang to complain about The Lawyer's use of language. No, our reporters have not been caught in the City bad-mouthing all and sundry, spraying abusive graffiti on the walls of Clifford Chance, or leaving drunken messages on senior partners' voicemails. Absolutely not.So what gross libel has The Lawyer ...

  • Technology, Media and telecoms

    23-Apr-2001

    Celebrity chef Jamie Oliver and Pearson Television form independent production company Fresh Productions. Jamie Oliver and Pearson advised by Denton Wilde Sapte (Tara Donovan, Neil Vickers).

  • The butcher boy

    23-Apr-2001

    Hextall Erskine senior partner John Bundy fell into law by accident. But the chance stops there- purposefulness has been his driving force ever since

  • The know-it-all

    23-Apr-2001

    Churning out reams of case law to be followed by 15 countries, judges of the European Court of Justice (ECJ) have a never-ending and often thankless task. David Alexander Ogilvy Edward has been a judge at the ECJ since 1992 and at the Court of First Instance for three years prior to that.Despite his years living abroad, he confesses that he does miss his native Scotland, but he describes his job as "hard work and stimulating", and when pushed, "sometimes fun".Commenting ...

  • The Lawyer in Germany

    23-Apr-2001

    Next week The Lawyer, in association with top German legal publisher JuVe, is launching The Lawyer Deutschland, a quarterly which will be the first UK publication to provide in-depth analysis on the Continent's most exciting market.

  • The Leader column

    23-Apr-2001

    Spring is in the air, the sap is rising, and so are the salaries: it's budget time. Up until last year, the annual round of pay reviews for assistants was seen as routine. But then SJ Berwin and Clifford Chance raised the stakes. This was no poor-us defensive response to the US firms - it was a deliberate tactic which ...

  • Three key deals

    23-Apr-2001

    Vodafone acquires a 15 per cent stake in Japan Telecom for $2.2bn (£1.54bn), January 2001This is the second-largest foreign investment in Japan after Renault's deal with Nissan two years earlier. Herbert Smith, which has been in Tokyo for less than a year, and Tokyo Marunouchi Law Office advised Japan Telecom's two founding companies, which were selling their stakes. Andersen Mori acted for Vodafone.Y125bn (£0.7bn) financing on ...

  • Tower hamlets

    23-Apr-2001

    Paisner & Co won this contract after a competitive tender. The project is a nice meaty one for the soon-to-be-merged firm (its marriage with Berwin Leighton goes live on 1 May).The project involves the design, development and implementation of a portal and customer relationship management software, as well as the provision of related business process re-engineering services. The services will be made available over the internet, mobile phones and television.The ...

  • UK firms in Tokyo

    23-Apr-2001

    Allen & Overy (joint venture with Akatsuki International Law Office)Partner in charge: Thomas BrownPractice areas: project finance, structured finance (including securitisation), capital marketsThe office was established 1988. Clients of the two-partner office include Jexim, IBJ, Bank of Tokyo-Mitsubishi, Nomura Securities, Merrill Lynch and the Canadian Imperial ...

  • US firms in Tokyo

    23-Apr-2001

    Baker & McKenzie (joint venture with Tokyo Aoyama, which, as of 1 May 2001, will merge with Aoki Sogo Law Office)Chadbourne & ParkeCleary Gottlieb Steen & HamiltonCoudert BrothersDavis Polk & WardwellDorsey & WhitneyHogan & Hartson

  • Worldly-wise

    23-Apr-2001

    Global marketing has moved up the agenda of international law firms as they attempt to keep abreast of the accelerating globalisation of business. Up to a fifth of some international law firms' turnover is now accounted for by multinational clients, and they are looking for better ways to sell a wider range of services to more of these companies.While other professional services providers have been playing the globalisation game for many decades, the internationalisation ...