26 June 2000

The Lawyer

  • ... while bar heavyweights command up to £2m a year

    26-Jun-2000

    The £1m-a-year club of barristers is growing, with some even understood to be closing in on the £2m mark.There are certainly not as many huge cases for the commercial bar these days, but there are many barristers still earning astronomical sums.Lord Grabiner QC, head of chambers at One Essex Court, tops the list and is understood to be commanding a salary that approaches £2m a year.He is followed by his great adversary Jonathan Sumption ...

  • 199 Strand boosted by three new tenants

    26-Jun-2000

    Long-established London chambers 199 Strand has been bolstered with three new tenants.Employment specialist and former solicitor Anthony Korn is joining with Leslie Blohm and Toby Vanhegan.Korn moves from Barnards Inn, which folded in June last year. He was previously the head of DLA's employment advocacy department.Although Blohm is also joining, his role will be modified to accommodate the fact that he will continue to work at Bristol-based ...

  • A haven of prosperity

    26-Jun-2000

    Firms in the Republic are mopping up huge amounts of work on the back of a booming economy and a major trend towards privatisation - so much so that there aren't enough lawyers to meet the demand. Fenella Quinn reports.The overwhelming message still emerging from the Republic of Ireland is that business is booming, coffers are full and the legal scene is enjoying a remarkably lucrative period.Even before Ireland became part of the euro zone, ...

  • A VIEW FROM BUENOS AIRES

    26-Jun-2000

    The internet and e-commerce are burgeoning economies worldwide, and nowhere is this more apparent than in Latin America. International law firms are increasing their presence in the region, lured by a lucrative, previously untapped market and the opportunities afforded by government privatisation of heavy industry, telecommunications, utilities and natural resources.In early 1999, Morrison ...

  • Akin Gump loses London chief to Paul Hastings

    26-Jun-2000

    US firm Akin Gump Strauss Hauer & Feld has lost the senior partner of its London office after he refused to relocate back to the US.Top corporate M&A partner Keith Hughes has turned his back on the firm and is moving to the fledgling London operation of Paul Hastings Janofsky & Walker.Akin Gump asked him to go back to New York to service insurance company clients there, but he insisted that he could service them from London and keep hold of a strong European ...

  • An exercise in integration

    26-Jun-2000

    The Düsseldorf office of Bruckhaus Westrick Heller Loëber needed some permission to vote for the merger with Freshfields. Catrin Griffiths analyses the problems that inevitably arise when two firms of very different cultures mergeSo Freshfields has won the prize which Clifford Chance, Herbert Smith and

  • Berrymans to form joint venture with Dubai firm

    26-Jun-2000

    Leading insurance practice Berrymans Lace Mawer has finally agreed a joint venture deal with a Dubai firm.The firm is in the final stages of signing a formal alliance with niche United Arab Emirates practice James Berry & Associates Legal Consultants.The move strengthens Berrymans' Dubai practice after a rocky 12 months. Last July, head of the office and partner ...

  • Buchanan Ingersoll takes rival's bio team

    26-Jun-2000

    Pittsburgh firm Buchanan Ingersoll is taking on one of the US's leading biotechnology teams from rival firm Akin Gump Strauss Hauer & Feld.The group of nine lawyers, including four partners, boosts the firm's technology practice and leaves Akin Gump lacking in its biomedical, food and drug capability.The partners are Robert Pinco, Edward John Allera, Donald Segal and Mark Yacura. All four have served as advisers to the Federal Drug Agency before they ...

  • Carrington quits B&M for F1 client

    26-Jun-2000

    Baker & McKenzie is losing one of its top international partners to racing client McLaren.Nigel Carrington is a member of the firm's eight-partner worldwide management committee and a former managing partner of the London office.Corporate finance partner Carrington is moving to TAG McLaren Holdings as managing director after working with the client for 13 years.

  • Case of the week

    26-Jun-2000

    Superintendent Ray Mallon, the pioneer of zero tolerance policing in the UK, has learned that he will not face criminal charges after a £5m investigation into how the so-called 'Robocop' squad got information from the Teesside underworld. Mallon, whose drive against petty crime and anti-social behaviour has influenced Home Secretary Jack Straw's own liberal pronouncements, had been suspended for two-and-a-half years. The allegations primarily ...

  • Cloisters left £3m down after split

    26-Jun-2000

    Matheu Swallow analyses Cloisters' predicament following the departure of its entire team of criminal barristersThe splitting of Cloisters Chambers' criminal group from its core civil practice leaves question marks over the economics of operating a niche set.The departure of 17 tenants, in addition to the three who have left in the last year, could see a drop in turnover for those remaining at Cloisters in excess of £3m.However, ...

  • Clyde & Co absorbs Turner & Co

    1-Jul-2000

    The London-based firm's two partners - Paul Turner and Roger Spencer - will join Clyde & Co as equity partners in an enlarged commodities group with all their staff.Turner & Co, set up by Turner and Spencer 15 years ago, is particularly prominent in the soft commodities sector, acting for international trading houses, especially those trading in sugar.Clyde & Co commodities ...

  • Cross-border co-operation

    26-Jun-2000

    Northern Ireland is rebuilding its economy after the strain of many years of war, and law firms which are now cementing relationships with their southern counterparts are reaping the benefits of referral work. Fenella Quinn reportsNorthern Ireland's legal scene is certainly not as large as that enjoyed by its southern neighbours, with even the largest firm having only 12 partners, but according to most that is set to change.Despite still being ...

  • Deacons and Dunhill tie the knot

    26-Jun-2000

    Partners at leading Australian firms Deacons and Dunhill Madden Butler have voted in favour of merger.The two firms have been locked in talks for several months (The Lawyer, 12 June) and the merger, which will create a 140-partner firm, will be effective from 1 August. It will operate under the Deacons name.Over the past 12 months the firms have been rocked by group departures. Dunhill Madden lost its Sydney operation to Pricewaterhouse- Coopers' legal arm ...

  • Deloittes forms M&A French link

    26-Jun-2000

    Deloitte & Touche Juridique et Fiscal is joining forces with French firm Poitrinal & Associés/Galexia to boost its M&A activities.The move also is expected to strengthen the French legal arm of Deloitte & Touche's capabilities in a number of related areas, among them LBOs (leverage buy-outs), risk capital, IPOs (initial public offerings), stock exchange law and regulation.The additional 23 lawyers will bring the firm's M&A team to more than 40 ...

  • Doctor Spin

    26-Jun-2000

    In a few weeks, the QEII conference centre, just around the corner from the Palace of Westminster, will play host to the serious parts of the ABA conference. But the sumptuous venue, complete with airport-style X-ray machines and the sort of security guards who are not retired lollipop men, recently played host to another gathering of professionals watching their industry go through massive changes and looking for ways to build a business in the new economy.The International ...

  • Don't fust the profession

    26-Jun-2000

    The suggestion reported in The Times on 12 June that solicitors who have obtained higher courts advocacy certificates should be admitted as members of the Inns of Court should be strongly opposed.Any solicitor wishing to become a member of any of the four Inns has only to be called to the bar and surrender the then security of a solicitor's practice. I know of no member of this association supporting the proposal.To suggest, as does The Times' ...

  • Employee protection - European-style

    26-Jun-2000

    UK employees have fewer rights than those on the continent. Mark Humphries says this may change.The draft EU Bill of Rights has generated much comment in the press recently, most notably concerning the impact on our constitutional system. But the danger of overlooking more obvious problems, such as those that arise in the workplace, must not be ignored.Most of the rights are, in principle, laudable. If, given the force ...

  • Gearing up for the cyclical downturn

    26-Jun-2000

    In a week when the profession gathers to honour its biggest names, heaviest hitters and largest deals at The Lawyer Awards, it is fitting to celebrate the profession's contribution to the booming economy, but also to pause and reflect that booms have a nasty habit of coming to an end.The big firms are barely able to catch breath between one huge takeover and the next, between the launch of a new company and the creation of the next international ...

  • Hogan & Hartson pushes into Asia with new Tokyo office

    26-Jun-2000

    Leading Washington DC firm Hogan & Hartson is opening an office in Tokyo - its first step into Asia.The 700-lawyer firm will specialise in intellectual property and corporate work in the office, initially for existing clients.The firm already represents Japanese car giant Toyota, telephone company NTT and technology companies Seiko Epson and Sanyo.Managing partner Bob Odle says there are a number of reasons for making the move.He says: ...

  • It's been a bad week for

    26-Jun-2000

    m Journalists, who are unlikely to be granted exemption from new anti-terrorism laws. The House of Lords rejected a Liberal Democrat amendment to a bill's requirement to notify police of any information they receive about potential terrorist acts. Lord Goodhart QCtold peers that the provision could inhibit journalists' right to protect their sources. Cabinet Office minister Lord Falconer argued that journalists have a "degree of responsibility to society".

  • It's been a good week for

    26-Jun-2000

    Eagle-eyed police. The prosecutor in the case of obsessive collector of bird's eggs, Keith Hartburn, paid tribute to the boys in blue's razor sharp investigative skills that had led to Hartburn's arrest. Mark Styles, a member of the prosecution, said:"He was caught as the result of dedicated police work which resulted in him being recognised on a photograph which he had taken at a golden eagle nest site."Prince "old ...

  • Keith Barnett

    26-Jun-2000

    Despite some heavyweight clients and major deals under his belt, Garretts' head of property Keith Barnett believes in a life outside of the profession. Fiona Callister meets this self-confessed Arsenal fanatic

  • King & Spalding raids Baker & McKenzie

    1-Jul-2000

    The raid has left Baker & McKenzie with just three partners in its 20-lawyer Houston outpost.The departing partners - John Cogan, Duncan Gray, Kenneth Culotta and Philip Weems - all specialise in international transactions involving the energy industry and will join King & Spalding's corporate group in the Houston office.A King & Spalding spokesman says the new partners ...

  • Lathams opens in Virginia as part of high-tech boom

    26-Jun-2000

    US firm Latham & Watkins is opening an office in Northern Virginia - the start of a nationwide expansion into high-tech enclaves.The growing technology market near Washington DC has already attracted several US firms to the area, including Brobeck Phleger & Harrison and Wilson Sonsini Good-rich &Rosati.Lathams' move is the start of a planned roll-out of offices into ...

  • Lathams opens in Virginia as part of high-tech boom

    26-Jun-2000

    US firm Fried Frank Harris Shriver & Jacobson is adding an extra dimension to its national securities and enforcement practice with the appointment of a former Securities and Exchange Commission (SEC) director.Carmen Lawrence will join the New York Office as a partner on 1 September. Washington practice head Dixie Johnson and Lawrence will jointly head the securities team nationally. Lawrence will also head the securities regulation and enforcement practice group in New ...

  • Lawyer's website is number one

    26-Jun-2000

    Interactive-lawyer.com, The Lawyer's web portal, is the UK's top legal website according to a new independent survey.Newsletter Legal Technology Insider ranked the site number one with 1.55 million page impressions per month, double its nearest rival.The survey reports that the Interactive-lawyer, has over 53,000 user sessions per month.The site contains daily news from The Lawyer as well as a five-year archive.Lawyer Jobs, contains ...

  • LCD plans special enforcers for debt collection

    1-Jul-2000

    An LCD consultation paper suggests giving enforcers powers to find out about debtors' assets from third parties and pursue ways of enforcing court decisions.Creditors must currently rely on a debtor's willingness to reveal their assets, with little redress available if they refuse to co-operate. Officials are seeking a way to obtain such information from banks, the DVLA, the DSS and the IRS, while still satisfying the data protection requirements.LCD ...

  • Legal Widow

    26-Jun-2000

    I always start off a noisy game of tickling or "let's play 101 Dalmations" whenever a certain advert comes on the telly. It's the one where Smarmy Man One beats Smarmy Man Two to his boss' eternal affections by working on a report at the weekend and emailing it out before Monday rolls around.

  • Liffe (Holdings) plc

    26-Jun-2000

    The London International Financial Futures and Options Exchange (Liffe) may be based in one of the world's oldest financial centres, but it is embracing the new economy with particular vigour.

  • Magic circle partners net £1m

    26-Jun-2000

    Magic circle partners have broken the £1m profits barrier for the first time.The top partners at Slaughter and May and Allen & Overy will each enjoy profits of over £1m for the financial year 1999-2000, reflecting the boom in premium City work.Slaughter and May posted revenues ...

  • Making a difference

    26-Jun-2000

    The legal world is enthusiastically embracing marketing. But as Fenella Quinn reports, the profession still has some way to go if it is to move beyond the realm of branded mousematsMany marketing directors in top law firms can congratulate themselves on the progress of their business. No longer considered simply as overheads, marketers have the ear of partners and do not have to battle quite so hard against luddite attitudes and partners taking up positions against ...

  • Mayer Brown adds to London office with partner transfers

    26-Jun-2000

    US firm Mayer Brown & Platt is boosting its London operation by sending two top partners from its international offices.Securitisation partner Kevin Hawken is being pulled in from the firm's head office in Chicago, while telecoms partner Mark Nicolaides is transferring from the firm's German office.The London office now boasts around 25 lawyers, 10 of whom are partners, ...

  • Middletons Moore sails into Sydney

    26-Jun-2000

    Melbourne-based firm Middletons Moore & Bevins is bolstering its Sydney presence by opening a trade and transport office.The firm already has a presence in the city. But it was shaken last summer when a quarter of the Sydney partners left after a merger with an unspecified accountant was rejected (The Lawyer, 30 August).The departures were a blow to the 71-partner practice, traditionally regarded as being stronger in Melbourne than in Sydney.But ...

  • New Media

    26-Jun-2000

    Olswang advised Mobo Holdings (Mobo Awards) on a three year sponsorship deal which appoints pan-European ISP, World Online as title sponsor of the DanceStar Awards and The Mobo Festival. The deal also gives World Online the exclusive right to webcast both of these events. Olswang partner John Eisner assisted by assistant solicitor Louise Quinn headed the deal. The firm which acted for World Online ...

  • Norton Rose nets Simmons star for new Bangkok arm

    26-Jun-2000

    Norton Rose is hiring Simmons & Simmons Asian markets expert Phillip John to open a new office in Bangkok.John will be managing partner of the new office. Its main areas of activity will be corporate finance, banking, project finance and capital markets.The move into Thailand is the latest step in Norton Rose's strategy to strengthen its Asian capabilities.The ...

  • Perrin's View

    26-Jun-2000

    My dear nephew James, congratulations on your Upper 2nd in Economics. I understand you are keen to train with a'Big Five' accountancy firm and you would like some advice, so here goes.The "Big Five" are going through a period of significant change. No sooner have these global firms been assembled than they are being torn apart. The original proposition was that the Big Five would provide what they thought their clients were gagging for - a one-stop ...

  • Property

    26-Jun-2000

    Norton Rose acted for the Benchmark Group on its £37.5m acquisition of Mitre House and Compter House from Hammerson. Mitre House is currently let to Schroders at a rent of £3,100,000 per annum and Compter House is multi-let with a total rent roll of £191,750. Norton Rose commercial property partner, Jonathan Solomon led a team of three on the sale. Herbert Smith partner ...

  • Property

    26-Jun-2000

    Manches represented the Burford Group on the £16.2m sale of The Observatory in Bracknell to British Airways Pension Fund Trustees, and on the letting of the 45,000sq ft gross contemporary office building to Towry Law on a 16-year FRI lease at an annual rent of £1.062m. Manches partner Nigel Brown led a team of three on the deal. British Airways Pensions Trust was advised by Osborne ...

  • Property

    26-Jun-2000

    Lovells acted on the launch of the Lend Lease Overgate Partnership, a limited partnership comprising a group of six investors who committed a total of £137m to acquire Overgate, Tayside's new fashion and lifestyle retail centre. Lovells partner Michael Stancombe headed the deal with a team of three. The developer was advised by Linklaters & Alliance partner Martin Elliott and

  • Quote of the week

    26-Jun-2000

    "We are a very irreverent department. I'm a mad, cake-fetish, fatty person. We've got cake and chocolate. We are the fat piggy department."- A very contented Riccardo Nardi, head of legal at the Association of British Travel Agents, as quoted in a penetrating article in the Law Society's internal magazine the Law Society's Gazette

  • Scuffle of the week

    26-Jun-2000

    FIFA v the European Union. Football's governing body has been threatened with antitrust action unless it changes its rules concerning player transfer fees and contracts between players and their clubs. The European Commission has told FIFA that it must give players the freedom to break contracts and the flexibility to switch teams before their contracts expire. FIFA has been given until the end of the year to comply with the European Court of Justice's 1995 Bosman judgment, ...

  • Set for a fight

    26-Jun-2000

    One Essex Court has long been revered as the country's leading set of commercial chambers. Its tenants are among the most highly-rated and highly-paid barristers currently at the bar, but they are leaving at an alarming rate. Matheu Swallow investigatesOne Essex Court has for so long symbolised all that is progressive about the commercial bar. Externally, it was the set that pioneered the unusual concept of delivering a quality service to solicitors; internally, ...

  • Set for a fight

    26-Jun-2000

    One Essex Court has long been revered as the country's leading set of commercial chambers. Its tenants are among the most highly-rated and highly-paid barristers currently at the bar, but they are leaving at an alarming rate. Matheu Swallow investigatesOne Essex Court has for so long symbolised all that is progressive about the commercial bar. Externally, it was the set that pioneered the unusual concept of delivering a quality service to solicitors; internally, ...

  • The Body Shop loses top in-house lawyer

    26-Jun-2000

    The Body Shop's in-house team has lost one of its senior lawyers but has responded by poaching another from a US corporation.Former general manager of the legal department Tom Schull has left to return to his native US. He is not understood to have secured another position.A Body Shop spokesman comments: "Tom has worked here for a number of years and he has decided he wants to return to the US whence he came."He adds that no-one will be recruited ...

  • The City is the nucleus of the modern world

    26-Jun-2000

    I do not think I want my ashes scattered in Moorgate, although there are worse places. The street certainly has endurance. Seen through the rain-smeared window of a cab, it doesn't look much different from the way it did nearly 40 years ago when I walked down it on the way to my interview for articles at Simmons & Simmons in Dominion Street.In the next month or so we will leave Dominion Street, which still has a cupboard with a shelf for the partners' ...

  • The luck of the Irish

    26-Jun-2000

    When the UK and Irish governments introduced their respective bills governing e-commerce, they got very different receptions. Bal Khela finds that unless the UK bill is amended, the industry could lose a raft of business to IrelandBuying and selling over the internet has led to a dotcom revolution that has made e-commerce one of the fastest growing industries in the New World economy. And the UK and Ireland are just two of the players battling for a share of ...

  • Theodore Goddard nets Times top man

    26-Jun-2000

    Theodore Goddard has recruited one of The Times Newspapers' head of legal.Antony Whitaker has been with the group, which includes The Times, The Sunday Times and The Times supplements, since 1973.He joins Theodore Goddard as a consultant but will continue to work for The Times Newspapers as a consultant.Whitaker tells The Lawyer that his decision to join Theodore Goddard came after an internal restructure at The Times which saw Alastair Brett ...

  • Top five UK firms smash profits per partner records

    26-Jun-2000

    City lawyers have more chance of earning a million with UK firms than with US firms - despite the Americans' much-vaunted recruitment drive.Only two City lawyers at US firms are understood to earn more than a million pounds - Andrew Wilkinson at Cadwalader Wickersham & Taft, and William Charnley at McDermott Will & Emery.Both declined to comment, but they prove ...

  • We don't simply want to be the local McDonald's

    26-Jun-2000

    In the first of a three-part series, Kings of New York, Claire Smith meets three of the biggest names on the New York legal scene. This week, Whitney Pidot, Shearman & Sterling's managing partner - who intends to make Shearmans the greatest firm in the worldThere must be very few managing partners who keep files called Inspirations locked in the top drawers of ...

  • White & Case leads fresh assault on German market

    26-Jun-2000

    White & Case partners have voted overwhelmingly in favour of merging with German firm Feddersen Laule Ewerwahn Scherzberg Finkelnburg Clemm - marking the first major assault on the German market by a US firm since Shearman & Sterling moved in in the early 1990s.As a result of the move, White ...

  • Wording of a freezing order led to problems in Federal Bank of the Middle East v Hadkinson. Christine Derrett reports.

    26-Jun-2000

    The case of the Federal Bank of the Middle East v Hadkinson is illustrative of the pitfalls which the practitioner can fall into when wording a freezing order.A freezing order is a precautionary measure taken to protect the claimant against a risk of dissipation and disposal of assets pending judgment. Where a proprietary claim exists, the freezing order protects the claimant's assets themselves. When coupled with disclosure obligations its effect can be devastating.