26 March 2001

The Lawyer

  • A VIEW from germany

    26-Mar-2001

    The ministerial draft of the Securities Purchase and Takeover Act, published earlier this month by the Federal Ministry of Finance, can be assessed positively. Many of the original provisions were disputed and discussed in both professional and political circles. On the back of this, the ministerial draft includes some considerable changes. One of them is that the new draft will cover all public offers, including those that are not aimed at acquiring control, as well as takeovers. All ...

  • A YEAR AGO THIS WEEK

    26-Mar-2001

    Sinfield voted out by partnersTHE LAWYER revealed that Nick Sinfield, managing director of Davies Arnold Cooper (now DAC), had been voted out in favour of head of construction Daniel Gowan.Sinfield, who was managing director for one year and executive partner for two years, continued his role as head of insurance.When Gowan took over the top position, his title changed from managing director to executive partner in what was ...

  • A&O and Dechert flex their property muscles in BPT deal

    26-Mar-2001

    Allen & Overy (A&O) and Dechert have consolidated their reputations in public-to-private property work by advising the borrower and lenders in the recommended £477m bid for BPT.

  • A&O opens in Hamburg with White & Case trio

    26-Mar-2001

    Magic circle firm Allen & Overy (A&O) has hired three top partners from White & Case Feddersen to set up an office in Hamburg.

  • Arnold & Porter boosts IP focus

    26-Mar-2001

    THE LONDON office of Washington DC firm Arnold & Porter is taking on the founder of the intellectual property (IP) department at Nicholson Graham & Jones.

  • Bayer launches first UK legal department

    26-Mar-2001

    New head Wilkinson to reassess external lawyers; Bristows to benefit

  • BHP billiton

    26-Mar-2001

    A massive deal for Linklaters' long-term client Billiton, as it merges through a dual-listed companies structure. Shareholders in each company will not be required to exchange or tender their existing shares, and each share in BHP and Billiton will have the equivalent effective economic and voting interest in the combined group.

  • Bird & Bird HK lands new senior partner

    26-Mar-2001

    BIRD & Bird's Hong Kong office has recruited a senior partner from leading domestic practice Victor Chu & Co.

  • Brief encounter: brobeck hale and dorr

    26-Mar-2001

    When Brobeck Hale and Dorr raided Morgan Cole's Thames Valley office to open its Oxford outpost last year, it did not make itself too many friends. Hiring three partners from a regional firm, with whom it had until then worked closely, was seen as dirty tactics, even for a US firm.It became the first US firm to open outside London. It took on two leading corporate ...

  • Burges Salmon attacks policy on Foot-and-Mouth slaughter

    26-Mar-2001

    Bristol firm Burges Salmon has been appointed to advise on a High Court action set to challenge the Government's proposed policy of slaughtering healthy animals to stop the Foot-and-Mouth crisis.

  • Capital One UK's new legal chief prepares for overhaul

    26-Mar-2001

    Capital One UK is to double its in-house team within the next 12 months, according to its new head of legal, former Freshfields Bruckhaus Deringer partner Nick Carter.Carter has joined the US-based bank as international chief legal counsel. He is responsible for all legal functions outside the US, including the UK, Europe and South Africa.It is a newly-created ...

  • Captain Cooke

    26-Mar-2001

    Michael Pescod's successor as had of M&A Stephen Cooke is Slaughter & May's new golden boy. But don't ask his about management

  • Carnelutti hires to boost critical mass

    26-Mar-2001

    Italian firm Studio Legale Carnelutti has hired two partners and six associates from boutique firm Barozza Disertori Manzato & Fabrizi.

  • CC asset finance team rejig as Budgett quits

    26-Mar-2001

    Clifford Chance is losing one of its most senior lawyers, leading asset finance partner Tom Budgett, which has prompted a departmental reorganisation.

  • CIBC world markets

    26-Mar-2001

    This is the first deal the London office of White & Case has closed for CIBC World Markets. Head of bank finance Maurice Allen scooped the deal through existing relationships with individuals in the bank's leveraged finance group. Executive director of leveraged finance Europe at CIBC Jonathan Rowland, who used to be at Barclays, had worked with Allen before.Under the terms of the ...

  • ciro citterio

    26-Mar-2001

    Birmingham-based retailer Ciro Citterio, which employs 1,750 staff and has 160 stores across the UK and Ireland, was forced into administration by the High Court because of cashflow problems following a shareholder dispute.

  • Corporate

    26-Mar-2001

    Billiton agrees on $28bn (£19.57bn) dual-listed company merger with BHP to form BHP Billiton. Billiton advised by Linklaters & Alliance (Charlie Jacobs) and Freehills. BHP advised by Slaughter and May and Allens Arthur Robinson.

  • Cowen ditches retirement for Read Hind Stewart post

    26-Mar-2001

    Addleshaw Booth & Co's former senior partner has come out of retirement to join Leeds firm Read Hind Stewart.

  • DOCTOR SPIN

    26-Mar-2001

    Two established and respected institutions have announced that they are set to reinvigorate themselves. Time magazine is planning a repositioning while the Rugby Football Union (RFU) has launched an eight-year plan to remould the game's image and make it more accessible.Through a series of e-commerce initiatives, a television production and travel company and opening high street stores, the RFU hopes to secure the Rugby World Cup in 2007. The Union's ...

  • Escape to victory

    26-Mar-2001

    SUSANNA FitzGerald QC is the woman responsible for bringing table dancers to Stringfellows. This tenant of magic circle commercial set One Essex Court, also happens to be one of the bar's leading, if somewhat unconventional, licensing practitioners.FitzGerald has a unique brand of "bad girlness" which, in addition to representing the likes of Peter Stringfellow, means that she has been called on to lend her talents to promoting internet ...

  • Eversheds lands role of main property firm to Littlewoods

    26-Mar-2001

    Littlewoods, the retail chain, has appointed Eversheds as its lead property adviser after a competitive tender process aimed at streamlining legal outsourcing.

  • Exchange continues bar hire spree

    26-Mar-2001

    Charles Chruszcz QC of 28 St John Street, Manchester, has upped sticks to Exchange Chambers in Liverpool.

  • Faegre & Benson takes first steps in Shanghai

    26-Mar-2001

    FAEGRE & Benson, the US partner firm of Hobson Audley, has made its first foray into Asia by opening an office in Shanghai.

  • Fast orders at the bar

    26-Mar-2001

    Last month, a Government source set the scene for the Office of Fair Trading's (OFT) report into competition in the professions with some suitably strong words. "They are one of the last bastions of restrictive practices," the unnamed spokesman thundered to The Times. "They have a choice - introduce these reforms themselves or be reformed." Margaret Bloom is the director of competition policy at the OFT and, as such, was responsible for the Government's probe into the murky ...

  • Fried Frank's head of litigation goes it alone

    26-Mar-2001

    New York firm Fried Frank Harris Shriver & Jacobson is losing the head of its litigation department as he leaves to set up his own firm.Gregory Joseph, who has been at Fried Frank for 22 years, says that he has decided to go it alone because there are too many conflicts between his practice and, alrhough declining to name them, the rest of the firm.He says: "The principal reason is that, with the huge number of corporate mergers over the last few years the number ...

  • Gaedertz IP chief quits as Mayer Brown marriage is confirmed

    26-Mar-2001

    Zindel quits for Jones Day as 20 Gaedertz Franfurt partners sign for Mayer Brown & Platt

  • Gaymer wins senior partner position

    26-Mar-2001

    Simmons & Simmons has appointed head of employment Janet Gaymer to succeed Bill Knight as the firm's senior partner.

  • Government pledges to opt for ADR

    26-Mar-2001

    THE LORD Chancellor's Department has pledged in a new initiative that mediation or alternative dispute resolution (ADR) will be used wherever possible instead of litigation.

  • Hewitsons targets technology market with new Oxford office

    26-Mar-2001

    Cambridge-based Hewitson Becke + Shaw is planning to open an office in Oxford, making it the first firm to have offices in both cities.

  • Hot property

    26-Mar-2001

    For those firms, Mipim has become as much a bonding session for international partners as a marketing exercise aimed at the developers, banks and private and institutional investors who descend on Cannes for four days in March. "In a way, it's the first time they've been together," says Freshfields global head of real estate James George of his Mipim team. "Of course, there are other conferences and cross-border work, but to see the synergies in the group was rewarding."

  • In-house earnings are on the up

    26-Mar-2001

    SOME senior in-house lawyers can now expect to earn as much as partners in top 20 firms, according to a survey published by recruitment company Michael Page.

  • International real estate practices

    26-Mar-2001

    Clifford ChanceGlobal head of international real estate: Wolfgang Usinger (Berlin). Chief executive officer of international real estate: Cliff McAuley.Clifford Chance says a staggering 80 partners focus on real estate worldwide - a figure befitting the world's largest law firm. Some of those sit in corporate, but the breadth of coverage is still incredible.At 47 partners, European coverage is particularly strong, thanks in no small ...

  • Knowing me, knowing you

    26-Mar-2001

    Law firms have arrived late into the world of advertising. Since legal practices were given the go-ahead to advertise their services in 1994, few have taken the plunge. But a polarising market is forcing lawyers to consider how they are perceived by their clients and potential recruits, and whether they can create corporate brands.Advertising agencies and law firms have begun an uneasy flirtation, marked in many cases by ignorance about each other's business. ...

  • Latham boosts DC office with Crowell hire

    26-Mar-2001

    Latham & Watkins is ramping up its private equity practice in Washington DC with the hire of the head of corporate from local firm Crowell & Moring.

  • LEGAL WIDOW

    26-Mar-2001

    Foot-and-Mouth is forcing the Lawyer to put his hands deep in his pockets for our Easter holiday, something he finds painful at any time of year.

  • McCormick lies low in Leeds

    26-Mar-2001

    Peter McCormick, senior and managing partner of Leeds firm McCormicks, is lying low following allegations that he instructed a witness to lie in court.

  • Mipim it in the bud

    26-Mar-2001

    There's no getting away from it, Mipim is all about selling. And with 13,000 delegates and many more property professionals joining in for the ride, it's important to stand out from the crowd.Tulkinghorn was particularly struck by the approach of one foxy participant from South Africa (check out the job title), whereas Lovells took a more subliminal approach, plying hungover guests with delicious chocolate bars (see above).The ...

  • O'Melveny joins rush to expand in Silicon Valley

    26-Mar-2001

    Los Angeles firm O'Melveny & Myers is joining the huge influx into Silicon Valley and has become the latest firm to open an office there.The firm's move comes a week after Chicago's Mayer Brown & Platt announced the same step (The Lawyer, 19 March).O'Melveny will send in four top partners to launch its practice, headed by the corporate partner from its Orange ...

  • Opinion

    26-Mar-2001

    Paul Gilbert makes some good points in his article "Resolve to Evolve" (The Lawyer, 26 February), describing an industry whose structure and practices increasingly do not reflect its clients' demands. Gilbert focuses his attack narrowly on the industry's charging practices. He contends that the abolition of hourly rates, and with them a charging system based on billable hours, together with the commoditisation of legal services through a range ...

  • Osborne Clarke dumps German merger for mass lateral hiring

    26-Mar-2001

    Osborne Clarke has abandoned plans to merge with its German alliance firm Graf von Westphalen Fritze & Modest as it woos partners from the German firm's Cologne office.

  • Outsourcing teams cash in on BBC and BT property deals

    26-Mar-2001

    Outsourcing specialists are witnessing a rush of activity as the financial year is coming to an end and as the BBC and British Telecommunications (BT) reach crucial stages in deals that will revolutionise their relationships with their property portfolios.

  • Paisner partners take the US dollar

    26-Mar-2001

    Two top corporate partners are poised to leave Paisner & Co, just a month before the firm merges with Berwin Leighton.

  • Reaching the peak

    26-Mar-2001

    Andrew Fritchie has scaled one of the world's highest peaks, but that's nothing compared to his latest challenge. Vanessa Pawsey meets a lawyer who is taking his company to the heights of the stock exchange

  • Real Estate

    26-Mar-2001

    After battling with the after-effects of the Martinez and the Cat Corner and the Cat Corner night club, it is time for more than 15,000 property professionals to assess their Mipim strategy. Boardrooms will reverberate with that all-important word - marketing. But between you and me, what they're really talking about is selling.This year saw more exhibitors than ever before. But law firms using stands to set out their wares were a rare sight indeed.

  • Real Estate and Projects

    26-Mar-2001

    Pearl Assurance and National Provident Life invest £65m in Covent Garden Market, the offshore investment vehicle set up by Scottish Widows to hold the assets of Covent Garden Market and Piazza. Pearl Assurance and National Provident Life advised by Nabarro Nathanson (Amanda Howard). Scottish Widows advised by Fre

  • REPORTAGE

    26-Mar-2001

    While much has been made of the controversy aroused by the Office of Fair Trading's (OFT) recent report on the professions, it is worth first dwelling on some of its positives.A key conclusion on the education side was that "there is no evidence that the entry qualifications for barristers are unduly restrictive". After years of reform of education and training at the bar, including the introduction of validation for a range of institutions and improvements ...

  • Rough trade?

    26-Mar-2001

    There is little in the Office of Fair Trading (OFT) report that should come as a surprise to the bar. Although dressed up in the language of competition and market regulation, the central question posed is whether a single business structure should continue to be the sole vehicle by which barristers are able to offer legal services. That structure is entirely the product of the bar's self-imposed rules, so it may take a lot to convince the public that the restrictions ...

  • Scrivengers becomes claimant practice after NHSLA setback

    26-Mar-2001

    Cambridgeshire-based firm Scrivenger Seabrook will revert to claimant work following its expulsion from the National Health Service Litigation Authority (NHSLA) panel (The Lawyer, 15 January).

  • Simmons takes on Paris partner for Bourse work

    26-Mar-2001

    Simmons & Simmons' Paris office is developing a stock exchange capability as it takes on a new M&A partner.

  • specialist computer holdings (SCH)

    26-Mar-2001

    Here is a perfect example of what makes a regional firm shine. Birmingham stalwart Wragge & Co has been expanding out of the regions and into the City. Last year it gained a London office through a merger with intellectual property (IP) practice Needham & Grant (The Lawyer, 6 March 2000). But this sort of expansion can only be done if the original base is up to scratch, which means judging a firm on its ...

  • Squire Sanders hikes London salaries in line with US rates

    26-Mar-2001

    US FIRM Squire Sanders & Dempsey is hiking up its salaries for its London lawyers, with increases across the board of more than £20,000.

  • Stretching a point

    26-Mar-2001

    They thought they had escaped from it all. But just as the Norton Rose property team got used to the sunshine, they suddenly had to put their legal wit to work at Mipim. "In the world of international law, we are accustomed to dealing quickly and efficiently with unexpected commercial problems, and we've just had to respond to one from an unexpected corner," it told ...

  • Technology, Media and Telecommunications

    26-Mar-2001

    Bookham Technology acquires Canadian-based Measurement Microsystems A-Z for up to $47.5m (£33.2m) in cash and shares. Bookham advised by Brobeck Hale and Dorr (John Burgess, Richard Eaton). Measurement Microsystems A-Z advised by Goodman Philips and Vineberg.

  • The bigger the better

    26-Mar-2001

    The urge to merge has not yet abated, with Leeds and Lincoln's Inn being the most recent locations for new super sets to emerge. Up in the wild North, 10 Park Square - which first courted 30 Park Square - finally found its Prince Charming in 9 Woodhouse Square, creating Zenith Chambers, the largest set in Leeds. Assistant practice director of the new set Samantha Ashford says that, with 58 barristers, the set can now really compete with the rest of ...

  • The darling Buds' affray

    26-Mar-2001

    Tulkinghorn would like to raise a glass to Marks & Clerk, which recently won a trademark battle that allows Czech brewers Budejovicky Budvar to continue to use its registered trademark of Bud. The brand is written in a particular script that US brewers Anheuser-Busch claims leads to confusion with its own Budweiser brand and "Bud" abbreviation.The trademark attorney firm argued that consumers use the term Bud to refer to both products, one a fizzy nonsense ...

  • The Leader column

    26-Mar-2001

    When Lovells partners met in Brussels for their conference this weekend, let's hope there was a big round of applause for Chris Grierson. For at the end of last week, Grierson's team managed to pull off a massive House of Lords victory for Deloitte & Touche in the ongoing battle for compensation from the Bank of England for the BCCI collapse. The liquidators will now be able to sue the bank for up to £1bn.

  • UN Value for money?

    26-Mar-2001

    Hammond Suddards ran a short-lived campaign last year through Saatchi & Saatchi's corporate division, Team Saatchi.The agency was appointed after being approached by the firm in autumn 1999, with a brief to raise Hammonds' profile outside its native area of Leeds and promote its different practice skills. Team Saatchi created a branding campaign in national newspapers including the Financial Times during March and April, at a cost of some £300,000. ...

  • WAS THE METHODOLOGY FLAWED?

    26-Mar-2001

    In much of the press coverage surrounding the Office of Fair Trading (OFT) investigation, the report itself was often presented as the opening salvo in an attack on the fat cats that, in the words of a Government source, inhabit the "cosy, insulated world" of the professions.So if this is war, what do the lawyers have to fear? "I don't think there's anything [to fear]," replies Jonathan Tatten, a partner at Denton Wilde Sapte. He believes that the assault is mainly ...

  • Weil Gotshal hit by exodus to Ashursts

    26-Mar-2001

    Crack capital markets team quits US firms London office: Fried Frank to fill Ashursts' US gap