23 July 2001

The Lawyer

  • …as Hengeler loses M&A partner to Italian bedfellow

    23-Jul-2001

    Slaughter and May's German best friend Hengeler Mueller is losing a partner to one of its allied firms for the first time.

  • ...as Freshfields attacks the Dutch finance market

    23-Jul-2001

    Freshfields Bruckhaus Deringer is ramping up its global finance capability with the relocation of newly made-up partner Andrew Petry and a team from London to Amsterdam.

  • 1 New Fetter Lane

    23-Jul-2001

    Pinsent Curtis Biddle completed this deal for long term client Close Brothers, buying 1 New Fetter Lane in London for £45m. The office is already pre-let to New York law firm Sullivan & Cromwell on a 16-and-a-half-year lease at an annual rent of £3.2m.The property was acquired by Close Brothers on behalf of a number of private investors who together comprised 10 limited partnerships. ...

  • A clear aim for the firm

    23-Jul-2001

    Tulkinghorn understands the need for firms to take their partners on retreats to discuss strategy, branding (Tulkinghorn has himself been considering 'going lower case', as is de rigeur), business development and to enjoy a general bonding exercise. However, one had no idea the extremes to which firms will go to keep partners 'on message'. Take Richard Mattick, a partner at Covington ...

  • A view from los angeles

    23-Jul-2001

    It has been said that the US justice system has become the world's soap opera.

  • A&O's Verbeke probed over client's accounts

    23-Jul-2001

    Allen & Overy stands by senior Belgian partner put 'under suspicion'after raids on bankrupt client

  • An old firm game

    23-Jul-2001

    Tulkinghorn has a new favourite firm. It might not be that popular with the residents of the Barbican (they've been making a frightful amount of noise on closing deals, apparently), but Linklaters & Alliance has won Tulkinghorn over. I concede that this has little to do with their ability as lawyers (although one has no doubts about the quality of their advice); no, it's more a sporting ...

  • Ashursts seals first deal for Cinven in two years

    23-Jul-2001

    Ashurst Morris Crisp has done its first buyout for private equity house Cinven since 1999, advising on the £204m acquisition of two Burmah Castrol chemical divisions.Ashursts corporate partner Bruce Hanton was called up to do the deal when Cinven decided to bid for the metallurgical and releasants chemicals divisions.Cinven's two main corporate firms are Ashursts and

  • Ashursts shows off great figures

    23-Jul-2001

    Ashurst Morris Crisp has turned in a sound set of figures for its lastfinancial year.

  • B&M Japanese alliance hikes global tax practice

    23-Jul-2001

    The joint enterprise office of Baker & McKenzie and Japanese firm Tokyo Aoyama Aoki Law Office has appointed Kazuo Taguchi to its international tax practice.

  • Bank of Scotland unveils £6m sponsorship extension deal with the Scottish Premier League to extend its football sponsorship into 2005.

    23-Jul-2001

    Bank of Scotland advised by Clyde & Co (Tim Matthews). Scottish Premier League advised by Harper Macleod (Michael Nicholson).

  • Bar meetings with Claims Direct spark council angst

    23-Jul-2001

    Two Bar Council committees have urged caution over plans for a referral service direct from claims managers to barristers.

  • Bar talk

    23-Jul-2001

    The Government plans to publish a white paper on the viability of a fixed tariff scheme of compensation in clinical negligence cases. The tariffs will depend on the severity of the claim and will include non-financial compensation such as increased nursing help or medical support at home.The scheme is not intended to block clinical negligence claims but to remedy the situation where the cost of a claim exceeds its value. Nor is it understood to be a no-fault compensation scheme.

  • Barristers scramble for Fraud Offic

    23-Jul-2001

    The Serious Fraud Office (SFO) is trawling through 350 applications by barristers for membership of a pool of additional counsel for its fraud investigations and prosecutions.

  • Bevan Ashford beats City firms to win hospital PFI instructions

    23-Jul-2001

    South West firm Bevan Ashford has added new instructions to take it into the fourth wave of PFI hospital schemes.

  • Biko's champion

    23-Jul-2001

    Sir Sydney Kentridge was defence barrister in the two highest-profile cases in apartheid South Africa. But at 78 are the energy levels starting to run low?

  • BP takes a majority stake in Veba Oil, which owns Germany's biggest fuels retailer Aral, through a joint venture between BP and Veba's owner E.ON.

    23-Jul-2001

    BP advised by Linklaters & Alliance (Peter Erbacher), E.ON advised by Freshfields Bruckhaus Deringer.

  • Brobeck scoops deal from Sullivan

    23-Jul-2001

    Brobeck Hale and Dorr has beat Sullivan & Cromwell to advise Infineon Technologies in Germany's largest equity offering this year.

  • Cadwalader partner duo defects to King & Spalding

    23-Jul-2001

    Setback to US-UK restructuring capability as former head quits; insurance insolvency team rocked

  • Café culture

    23-Jul-2001

    Regular readers will of course remember the recent Eversheds competition to come up with a name for its new Manchester office. Entries flooded in, with the eventual winner being the truly inspired 'Eversheds House'. Now Tulkinghorn has a new challenge for all you creative geniuses - to name the new café in Eversheds House. So, get your thinking caps on and see if you can do better than ...

  • Calpine Corporation buys Saltend, one of the UK's largest natural gas fired power plants, from Entergy for £560m.

    23-Jul-2001

    Calpine advised by Baker & McKenzie (Neil Donoghue, Mark Henrick), Entergy advised by Skadden Arps Slate Meagher & Flom.

  • Camerons fees exceed expectations

    23-Jul-2001

    CMS Cameron McKenna has more than doubled its predicted growth as turnover rose by 19 per cent last year.

  • Case book

    23-Jul-2001

    Judgments

  • CC storms into Europe's M&A top five

    23-Jul-2001

    Clifford Chance has pushed Slaughter and May out of the top five rankings for European M&A and has topped the tables for volume of work.

  • City faces £2.3m Law Soc bill

    23-Jul-2001

    City lawyers are set to pay an extra £2.3m to the Law Society if the proposed hike to practising certificate fees goes through.

  • Clarks hire sets stage for Thames Valley challenge

    23-Jul-2001

    Reading firm Clarks is declaring war on Osborne Clarke's lead position in the Thames Valley with the hire of a new partner.

  • Corporate

    23-Jul-2001

    When Liverpool Victoria bought the Royal National Pension Fund for Nurses for £248m two weeks ago, not many people batted an eyelid. The 155,000 policy holders were pretty pleased with the prospect of bigger bonuses at the end of the year but, apart from that, the earth didn't move for many onlookers.Except at Lovells and Herbert Smith that is. Both firms frantically put out press releases reminding us unsuspecting legal journalists one more time about just how many ...

  • Cottrills joins motorcycle gang

    23-Jul-2001

    Cottrill Stone Lawless & Co has joined a national network of 14 practices across the country servicing the British Motorcyclists Federation's (BMF) new Biker Legal Line.

  • DEAL OF THE WEEK - Lloyds TSB

    23-Jul-2001

    This huge single sale was the largest auction Linklaters & Alliance has handled for Lloyds TSB.The firm's decades' old relationship with the bank has long since grown out of corporate to encompass other areas of the firm. Partner Christopher Coombe manages the relationship for real estate and has advised the bank on all its recent sale-and-leaseback deals, including four auctions. But this time ...

  • DTI gifts Linklaters £50k to ease stress

    23-Jul-2001

    Linklaters has been given a £55,000 Government handout to help it draw up a better work-life balance for staff.

  • France Telecom, Equant and Sita, the organisation that provides network services to the air transport sector, sign multi-billion dollar strategic alliance.

    23-Jul-2001

    Equant advised by Shaw Pittman (Andrew Moyle, Trevor Nagel). Sita advised by Sullivan & Cromwell. France Telecom advised by Linklaters & Alliance.

  • George Bull

    23-Jul-2001

    Once upon a time, partnership was considered the zenith of both professional and personal success. Unfortunately, some fairy tales feature a grisly end - much like partnership in the 21st century.Many law firms can trace their roots back 200 years or more. In the 18th, 19th and 20th centuries, most firms focused on keeping equity in the hands of a limited number of partners. New partners had to prove their worth and pay for goodwill on admission, displaying a daunting combination ...

  • Going on strike

    23-Jul-2001

    I'm sure readers will remember the poor treatment endured by our good friend Ian Rose of Watson Farley & Williams and his dog Flossy when on a stroll in Regent's Park. Flossy's cheese toy was apparently making too much noise for those cads at Theodore Goddard to concentrate on their game of softball, so they kicked up a stink and shouted at Rose and his affable four-legged ...

  • Government of Egypt completes inaugural international bond issue worth $1.5bn (£1.06bn), with Merrill Lynch International and Morgan Stanley acting as lead managers.

    23-Jul-2001

    Egyptian government advised by White & Case (Ian Clark). Merrill Lynch International and Morgan Stanley advised by Dewey Ballantine (Camille Abousleiman).

  • Harvey Ingram Owston

    23-Jul-2001

    Harvey Ingram - putting Leicester on the map

  • Honeywell uses Kirkland for GE battle

    23-Jul-2001

    Honeywell has switched allegiances from Skadden Arps Slate Meagher & Flom to Chicago firm Kirkland & Ellis in its ongoing battle with General Electric (GE).

  • Leader

    23-Jul-2001

    Tucked away in the latest half-year deal tables is a name that barely resonates outside Holborn. (For the benefit of our City readers: that's slightly west of you.) Nestling cosily between Ashurst Morris Crisp and Norton Rose in the Thomson Financial table of UK announced deals is none other than

  • Loyens & Loeff signals new fightback with B&M raid…

    23-Jul-2001

    Amsterdam becomes the new battleground for international firms

  • Martineau Johnson in IP market assault with Freethcartwright star

    23-Jul-2001

    Driscoll claims East Midlands IP market too difficult to break into; Freethcartwright refocuses on non-contentious work

  • Minter Ellison HK grows construction

    23-Jul-2001

    Minter Ellison has recruited Gil Crocker, a senior legal consultant in the Hong Kong government, to lead the firm's construction disputes department in Hong Kong.

  • Nabarros lands CEDR lawyer

    23-Jul-2001

    The Sheffield office of national firm Nabarro Nathanson has hired James Hartley from failed Liverpool shipbuilder Cammell Laird.

  • NatWest general counsel set to head FSA committee

    23-Jul-2001

    The former group general counsel at NatWest Group is joining the Financial Services Authority (FSA) to head its new regulatory decisions committee.

  • nCoTec

    23-Jul-2001

    SJ Berwin private equity partner David Davidson has acted before for nCoTec but this is the first deal the firm has done for the other investors - NPM Capital and TTP Ventures. Davidson scooped the work after nCoTec's transaction director George Macritchie recommended the firm to the other two, and SJ Berwin acted for all three high-tech investment vehicles in their euro100,000 (£61,000) investment in ...

  • News in brief

    23-Jul-2001

    A round up of stories from the UK and around the world

  • On your trademarks

    23-Jul-2001

    Trademark law is in a constant state of flux, and many cases end up in the House of Lords or even the ECJ. Andrew Norris reports on the year's most significant rulings

  • Online and on guard

    23-Jul-2001

    Launching an online business can be risky, but with good planning many pitfalls can be avoided. Quentin Bargate reports on how web traders can stay within the law

  • Perkins Coie Taiwan office falls victim to technology slowdown

    23-Jul-2001

    Perkins Coie has closed its Taiwan office. The combined effects of increased competition and a slowdown in its traditional technology client base have forced the US firm to assess its strategy for the region.

  • Pinsents City office spirits work away from the regions

    23-Jul-2001

    Pinsent Curtis Biddle's regional offices are losing work to the firm's London practice following the merger.

  • Police group uses Rowe & Cohen

    23-Jul-2001

    North West firm Rowe & Cohen has won a mandate to act as the National Black Police Association's (NBPA) official legal adviser.

  • PowderJect Pharmaceuticals completes vendor placing of shares and acquisition of SBL Vaccin from Active Biotech for £35.5m, 75 per cent of which came from the placing.

    23-Jul-2001

    PowderJect advised by CMS Cameron McKenna (John Burton) and Mannheimer Swartling Advokatbyra in Sweden. Financial adviser WestLB Panmure advised by Ashurst Morris Crisp.

  • Premier Management issues euro8m (£4.9m) guaranteed floating rate convertible bonds, believed to be the first bond issue by an AIM-listed company.

    23-Jul-2001

    Premier Management advised by Nabarro Nathanson (Glyn Taylor), placing agents Bracken Partners advised by Freshfields Bruckhaus Deringer.

  • Primary Care Trusts (PCTs) for Harlow, Royston, Buntingford and Bishops' Stortford sign £15m health PFI scheme using the new NHS Standard Form Contract, with Barclays as the main funder and

    23-Jul-2001

    PCTs advised by Bevan Ashford (Stephen Hughes). Barclays advised by DLA (Tony Randle). Ryhurst advised by Trowers and Hamlins (Ian Graham).

  • Purnell: 'no chance' of disciplinary rap

    23-Jul-2001

    Archer silk confident after Potts evidence snub over Peppiatt credit

  • Rexam, the global consumer packaging company, sells two beverage can making plants to Schmalbach-Lubeca for £52.4m and buys a can making plant from the same company for £15.4m.

    23-Jul-2001

    Rexam advised by Allen & Overy (Patrick Speller), Schmalbach advised by KLegal (Philip Rogers).

  • Royal Bank of Scotland

    23-Jul-2001

    This deal for the Royal Bank of Scotland (RBS) means Berwin Leighton Paisner's (BLP) property finance department has worked on up to £4bn worth of deals in the past six months, compared with £3bn for the whole of last year.As an elite player in property finance, RBS accounts for a good third of that work. Other recent RBS deals in which BLP has been involved include ...

  • Singapore faces legal crisis as lawyer numbers slump

    23-Jul-2001

    Singapore could suffer from a dearth of practising lawyers as the country witnesses its first drop in numbers for five years.

  • SJ Berwin in Palmer Capital scoop

    23-Jul-2001

    SJ Berwin property partner David Ryland has won a new role as adviser to property private equity house Palmer Capital Partners (PCP), despite difficult market conditions for developers.

  • Slaughters leads Harcourt clearance

    23-Jul-2001

    Camerons gives way to magic circle firm after Simpson Thacher tip

  • Slaughters ramps up its best friends links

    23-Jul-2001

    Slaughters, Hengeler, Davis Polk in joint push on European private equity

  • Smooth operators

    23-Jul-2001

    The telecoms sector may have experienced a knockdown, but it's not out for the count. Gareth Chadwick reports on ten major deals and proves that talk is in no way cheap

  • SPBG gives mediators a helping hand

    23-Jul-2001

    The Solicitors Pro Bono Group (SPBG) is launching a scheme for trained mediators as part of its overarching LawWorks programme in conjunction with the Bar Pro Bono Unit.

  • The Honeywell monster

    23-Jul-2001

    When the European Commission turned down the GE-Honeywell deal after it had already been given US clearance, it made history. Helen Power asks whether the lawyers could have done more to save the deal

  • The wrong trousers

    23-Jul-2001

    Lawyers, as we all know, are not only fine, upstanding members of the community, but also big spenders. But that doesn't matter a jot when you want to get into the Dover Street Wine Bar in London - at least not if you've got jeans on. One partner at a leading regional firm, however, came up with an ingenious way of getting round the dress code on a recent trip to London. After sinking a few ales in a local drinking establishment, the lawyer, with two colleagues, made ...

  • Treat me right

    23-Jul-2001

    Skandia Life head of legal Ken Morrison won't take any sloppiness from laws firms. Fiona Callister talks to a man for whom impeccable customer service is a given

  • Volk quits Shearmans for CSFB

    23-Jul-2001

    Shearman & Sterling's former senior partner Stephen Volk is leaving to become vice-chairman at Credit Suisse First Boston (CSFB).