28 May 2001

The Lawyer

  • … and a cuddly toy

    28-May-2001

    We have a winner. In fact, we have two winners of Tulkinghorn's latest competition to find a suitable anagram for Patrick Farrant, Eversheds' national head of biosciences and a dead ringer for Nigel Short.`While Tulkinghorn found the chess grandmaster could easily become 'English rot', a 'loser thing' or indeed an 'honest girl', he struggled with Farrant.`Not ...

  • 5 Fountain Court inaugurates national network of barristers

    28-May-2001

    Anthony Barker QC's 104-strong Birmingham set 5 Fountain Court has introduced the practice of hiring barristers from London and other regions who will not be forced to move when they start at the set.`Crime specialist Ian Bridge from Mitre Court Chambers, which dissolved this week, and two personal injury (PI) barristers will move to 5 Fountain Court over the next few weeks. Bridge will continue to be based in London when he joins the Birmingham set.`All three will continue to ...

  • 5 King's Bench swoops as Mitre Court closes

    28-May-2001

    Mitre Court Chambers has dissolved after 20 years, resulting in 16 barristers moving to 5 King's Bench Walk.`The group moving to Brian Higgs QC's specialist criminal set includes Mitre Court's head John Burton. Others have found new homes or are in the process of negotiations.`Mitre Court's three clerks, including Bill Ingleton who has been with the set for nine years and practice manager Alistair Adams, have all been made redundant. None are following the members to their new sets.`Adams ...

  • A very very nice man

    28-May-2001

    Last week, Tulkinghorn reported on the delightfully handcrafted piece of sentimental rubbish that Stephenson Harwood insolvency litigation partner Paul Gordon-Saker picked up for £505 at an auction.`It happened that this figurine of a little girl sitting on a bench formerly belonged to disgraced politician Jonathan Aitken and Gordon-Saker happened to have acted for his creditors.`After ...

  • A View from the Cayman Islands

    28-May-2001

    Where precisely do the Cayman Islands stand now that the dust has settled following the Organisation for Economic Cooperation and Development's (OECD) and the Financial Action Task Force on Money Laundering's (FATF) supranational initiatives on tax harmonisation and anti-money laundering?`The short answer is that the legislative and regulatory amendments are sympathetic and so the Cayman Islands seem well positioned for their core institutional business - collective investment ...

  • Ashursts' Paris practice closes giant Euro buyout

    28-May-2001

    The Paris office of Ashurst Morris Crisp has completed one of Europe's largest ever buyouts for longstanding clients CDC Equity Capital and Charterhouse General Partners.`The pair of private equity houses have bought the contracting sector of Alstom Holdings for euro770m (£466.4m) plus more than euro600m (£363.4m) of extracted cash.`Alstom's contracting sector employs 25,000 people in more than 20 countries ...

  • B&M muscles in on Interbrew competition ruling

    28-May-2001

    Baker & McKenzie and Simmons & Simmons scored a victory at the end of last week acting for Interbrew in a Competition Commission challenge in the High Court.`But despite any input it may have had, Baker & McKenzie is not the solicitor listed on the record in the matter. It is understood that the firm invited itself on board after acting for Interbrew abroad.`Baker & McKenzie's dispute resolution ...

  • Bar talk

    28-May-2001

    In order to bring a claim for defamation it is necessary for the claimant to prove that the defamatory words or pictures could be understood by ordinary sensible readers to refer to him or her. It does not matter that the publisher of the defamatory material did not intend to refer to the claimant, or that the publisher may not even be aware of the claimant's existence.`This strict liability principle was firmly established in the well-known case of Hulton v Jones [1910] AC in ...

  • Barlows wraps up first Bourne deal

    28-May-2001

    Barlow Lyde & Gilbert has done its first deal for the management of Bourne Leisure Group, advising on its buyout of Haven's 12 caravan parks to form a new company named Park Resorts.`The management buyin and buyout created a company worth £46m, making it the UK's second-largest caravan park group. David Vaughan, former managing director of Rank Leisure and Rank Entertainment, will become the chief executive of Park Resorts.`Barlows was introduced to Vaughan and his team - finance director ...

  • Beachcrofts' Birmingham office lands city council advisory role

    28-May-2001

    Beachcroft Wansbroughs' Birmingham office has been appointed to a new role working alongside the City Council's strategic procurement services division.`Beachcrofts will provide the department with specialist legal and strategic advice and will work on specific projects on an outsourcing basis.`The team also expects to be assisting the department in meeting the requirements of best value. This is the first time Beachcrofts has worked with Birmingham's city council.`IT ...

  • Belgium backs down on law firm VAT exemption

    28-May-2001

    Plans by the Belgian government to make all non-Belgian EU law firms VAT-exempt have been temporarily abandoned following a successful lobbying campaign. The ruling would have meant that while the law firms did not have to charge their clients VAT on their services, they would have to absorb any VAT costs on overheads.`The Belgian tax authorities issued an administrative circular, which came into effect on 1 January, deregistering all non-Belgian EC law firms for VAT.`The move was designed ...

  • Berrymans and Druces & Attlee sign formal alliance agreement

    28-May-2001

    Regional insurance firm Berrymans Lace Mawer has signed a commercial agreement with 14-partner City firm Druces & Attlee in a bid to provide its clients with a wider portfolio of legal services.`The formal agreement is the first of its kind for Berrymans, which lost more than half of its Liverpool-based commercial department to rival North West firm Brabner Holden Banks Wilson seven months ...

  • Bloodbath in New York as CC equity is slashed

    28-May-2001

    Lockstep integration forces up to a fifth of US partnership out of equity; all practice areas affected

  • BLP double partner hire sparks corporate launch for Belgium

    28-May-2001

    Berwin Leighton Paisner (BLP) has launched a corporate practice from its Belgian office following the hire of two new partners.`The hires are part of BLP's strategy to add a Belgian and cross-border corporate and technology capability to its EC practice, which was brought to the merger by Berwin Leighton.`Jean-Pierre Brusseleers was a partner at Derks Star Busmann Hanotiau (now part of ...

  • Bond Pearce and Cartwrights merger to create £30m firm

    28-May-2001

    Cartwrights to hive off insurance litigation team as Berrymans Lace Mawer waits in the wings

  • BT instructs Wragges on property job

    28-May-2001

    Midlands firm Wragge & Co has further developed its outsourcing department with a new instruction from BT.`The firm will advise BT on project Jaguar, in which a consortium comprised of Reliant Security, Balfour Beatty and Carillion will be given outsourced work relating to the management of 8,500 properties.`Patrick Duxbury, joint client partner for BT with Quentin Poole, explained that Wragges has acted ...

  • CC wins RBS debt restructuring work

    28-May-2001

    Clifford Chance has won a place on the roster for debt restructuring work at the newly merged Royal Bank of Scotland (RBS). The firm joins CMS Cameron McKenna, Denton Wilde Sapte, Freshfields Bruckhaus Deringer,

  • Dentons wins India ace from Hammonds

    28-May-2001

    Denton Wilde Sapte has boosted its India Group by tempting top Indian lawyer DK Singh away from Hammond Suddards Edge.`DK Singh qualified in India and so is not able to join the firm as a partner. Instead, while he requalifies as a UK lawyer, he has taken on the role of senior adviser to the India group, which consists of 16 partners. He joins Gauri Advani, head of strategic planning for the group.`Singh was at Hammonds for three years exploring the Indian market, but looked to move ...

  • DLA sets out to be top five in Europe

    28-May-2001

    DLA has announced that it intends to become one of the top five full-service European law firms within the next five years.`The strategy was launched on the back of DLA's annual results, which saw turnover increase by 26 per cent to £175m and profits per partner by 35 per cent to £395,000.`Managing partner Nigel Knowles puts much of the success down to the expansion of DLA & Partners. In the last financial year it has announced the membership of Schut & Grosheide in the Netherlands, ...

  • Gyrus

    28-May-2001

    Gyrus is a new client for Dorsey & Whitney, introduced through US investment bank Bear Stearns. It then pitched for the work.`In its bid, Dorsey & Whitney was up against comparable US firms in terms of size and capabilities but partner Peter Kohl believes the work was won on the strength of the firm's technological abilities and knowledge, and because the firm has a lot of experience representing technology companies. Internationally, the firm does intellectual property (IP) work for ...

  • Hewitson Becke + Shaw

    28-May-2001

    Recruitment is the name of the game at Hewitson Becke + Shaw. The current figure of 51 partners and 150 fee-earners is set to rise by at least 20 per cent, most likely 50 per cent, in the year ahead.`Managing partner Alan Brett refers to a "tidying up" exercise which has seen the loss of Neil Ackerman and Ian Craig to the London office of US firm Dorsey & Whitney, the recruitment of John Berman from the legal department of financial services company the Hospital Savings Association ...

  • Hewitsons figures are bittersweet

    28-May-2001

    Cambridge-based Hewitson Becke + Shaw has increased its turnover by only 10 per cent, while its profits soared by 35 per cent.`Last year profits per partner were £135,000, but partners can expect to be taking home an average of £193,000 this year. However, turnover figures are far more modest, increasing from £15-£16.5m.`A Hewitsons spokesman denied that the figures are incompatible, claiming that the ...

  • Judgments

    28-May-2001

    R v Secretary of State for the Environment, Transport and the Regions, ex parte Holding & Barnes plc: Same v Same, ex parte Premier Leisure UK Ltd: Same v Same, ex parte Alconbury Developments Ltd: Same v Same, ex parte Legal & General Assurance Society Ltd (9/5/01) HL`Lords: Slynn, Nolan, Hoffmann, Clyde and Hutton`The processes by which the Secretary of State for the Environment, Transport and the Regions made decisions and orders under the Town and Country Planning Act 1990, ...

  • Keeble Hawson targets licensed trade following John Gaunt hire

    28-May-2001

    Sheffield and Leeds firm Keeble Hawson has launched a new property capability targeting the licensed trade. The move follows the hire of a partner from niche practice John Gaunt & Partners.`John Steer joins Keeble Hawson's four-partner property department as a salaried partner based in Sheffield.`Steer was a partner at Sheffield-based John Gaunt for two years and was the licensing firm's sole property partner. Before joining John Gaunt, he worked as a commercial lawyer for the UK Government, ...

  • Law central

    28-May-2001

    Over the last 30 years, Washington DC has evolved as one of the key legal markets in the US, and indeed the world, and its emergence as a leading legal centre has shadowed the increasingly critical role the US government plays in the regulation of business and industry.`As the US's capital, as well as being home to Congress, the US Supreme Court and the executive branch, of which the US president is head, Washington DC is the heart of the complex network of governmental bodies ...

  • Linklaters partners earn £1m

    28-May-2001

    Top equity partners at Linklaters & Alliance will make over £1m for the first time this year.`The firm is set to post record figures, with turnover leaping from £395m in 1999-2000 to some £505m - a 28 per cent rise. Indications are that top equity partners, who last year drew £925,000, will make around £1.05m, while average profits per partner have increased from last year's figure of £710,000 to over ...

  • Milbank grows in Europe with new Frankfurt office

    28-May-2001

    New York-based firm Milbank Tweed Hadley & McCloy is expanding in Europe as it announces plans to open an office in Frankfurt.`The office, which will open this summer, is only the firm's second in Europe following the opening of its London office in 1979. Two US partners will head the office and they will be joined by six associates.`Recruitment, however, will begin immediately, and the office is expected to grow quickly through a mixture of lateral hires and relocations.`The Frankfurt ...

  • Milbank to lead creditors in Pacific Gas bankruptcy case

    28-May-2001

    New York firm Milbank Tweed Hadley & McCloy has scooped work advising a creditors' committee on one of the US's most complicated bankruptcies - that of California's Pacific Gas and Electric Company.`The firm saw off competition from rivals understood to have included Sidley & Austin, Skadden Arps Slate Meagher & Flom, Paul Hastings Janofsky & Walker, Sheppard Mullin Richter ...

  • Nauta hits back at UK invaders with A&O hire

    28-May-2001

    Allen & Overy's Amsterdam office is losing a corporate partner to leading Dutch firm Nauta Dutilh.`Erik Hammerstein was among the group of 32 Loeff Claeys Verbecke partners to join Allen & Overy when their firm went through a dramatic split in January 2000.`His move goes against the trend which has seen dozens of Dutch lawyers join invading UK firms. Nauta Dutilh was one of the firms that was raided ...

  • News in brief

    28-May-2001

    CMS Cameron McKenna has re-elected Robert Derry-Evans as chief executive of the firm for a second term, to last for four years. Last year, the firm's turnover increased by 20 per cent to more than £160m. Camerons attributes the record profits to its chief executive's management strategy. Derry-Evans was the firm's managing partner before becoming chief executive in 2000.

  • News in brief

    28-May-2001

    Allen & Overy (A&O) in Germany has brought two in-house lawyers from Dresdner Bank and Landesbank Schleswig-Holstein into its banking and finance practice. A&O partner Charles Lindsay will also relocate from the London office to join the department in Germany. Dresdner Bank's Cornelia Summ joins A&O after almost 10 years in the bank's in-house legal team. Landesbank's Bertold Frisch was deputy ...

  • News in brief

    28-May-2001

    Littleton Chambers' QC John Bowers has been elected as the new chair of the Employment Law Bar Association. He takes over from David Bean QC of Matrix Chambers.

  • News in brief

    28-May-2001

    Walker Morris has won legal work from coffee chain Starbucks. It joins London firm Ross & Craig, which has handled its legal work since it took over Seattle Coffee Company in 1998. This year, Walker Morris handled UK-wide property and construction deals for the Starbucks chain.

  • News in brief

    28-May-2001

    Hewitson Becke + Shaw in Cambridge has made two of its solicitors partners in the corporate team. Simon Portman is part of the firm's bioscience team and has experience in intellectual property, research and development and licensing work. Elizabeth Davies has been promoted from within the corporate department.

  • News in brief

    28-May-2001

    Addleshaw Booth & Co has made head of enforcement at the Financial Service Authority (FSA) Colin Porter (left) a partner in its reinsurance litigation team. Before joining the FSA two and a half years ago, Porter was a partner at Barlow Lyde & Gilbert. Porter is the third partner in Addleshaws' reinsurance litigation team.

  • News in brief

    28-May-2001

    Debevoise & Plimpton has made up nine partners throughout its offices. In London, corporate lawyers Colin Bogie and Geoffrey Burgess and tax lawyer Peter Schuur were all made partners. The new appointments bring the number of partners in the London office to eight. Those in the New York office are private equity lawyers Sherri Caplan, David Schwartz and Rebecca Silberstein, corporate lawyer ...

  • News in brief

    28-May-2001

    Dechert has become the first US firm to merge with a Luxembourg firm as it announces its marriage with Brucher & Seimetz. Brucher specialises in investment management and Dechert was approved by the Luxembourg Bar on 3 May.

  • News in brief

    28-May-2001

    Stephenson Harwood has taken on property finance and development partner Stephen Koehne (right) from DJ Freeman. Koehne advises both lenders and borrowers in connection with the funding of development and investment properties. He also advises developers. He brings with him a number of clients, including the Royal Bank of Scotland, the Woolwich and a number of private investment companies.

  • Nottingham offers pro bono training

    28-May-2001

    Nottingham Law School has announced a new pro bono initiative with the Royal Courts of Justice.`Academics from the school will provide free legal training to lay volunteers who advise people representing themselves at the court. It is similar work to that carried out for a few years by City firms such as Lovells, Allen & Overy, Herbert Smith and Simmons & Simmons.`The work will be carried out through ...

  • Ordering Out

    28-May-2001

    With the economic slowturn and a property market where the tenant in king, Julia Cahill talks to the managing and legal director at leading commercial property bank Palmer Capital about the benefits of adaptability

  • Paper trials

    28-May-2001

    Fending off legal attacks on The Sun newspaper is no easy task. But to News International lawyer Daniel Taylor, it's a case of fight the good fight

  • Prologis

    28-May-2001

    This deal for ProLogis is the first cash-funded multi-jurisdictional real estate securitisation in Europe and it is expected to be the first in a number of similar transactions which could total euro1.5bn (£905.3m) in the next three years. The euro213.8m (£129.5m) deal involves the securitisation of 31 properties based in the UK, the Netherlands and France and owned by subsidiaries in Luxembourg and France.`Clifford ...

  • QBE International

    28-May-2001

    Norton Rose clinched QBE International Insurance as a client when it pitched to advise on its bid for UK insurer Limit, which turned out to be the biggest take-over in the Lloyd's market. That deal closed last summer and this time QBE came to Norton Rose with a proposal.`The deal is unusual because the acquisition facility was financed using insurance rather than securities. A number of insurance ...

  • Reforming the classes

    28-May-2001

    In February 2001, the Lord Chancellor's Department (LCD) issued a consultation paper called 'Representative Claims: Proposed New Procedures'. The proposal has been issued in line with the Government's aim to improve access to justice.`In private law cases, claimants must show that they have a legal right that they are seeking to enforce. But in public law cases, anyone with a sufficient interest may apply for judicial review. Representative groups such as Greenpeace ...

  • Revealed: the law firm chosen by David Irving

    28-May-2001

    Nigel Adams & Co, a one-partner London practice, is to represent the controversial historian David Irving in his oral application for leave to appeal, following his libel defeat against Professor Deborah Lipstadt and Penguin Books in the High Court last year.`In the original case, Irving represented himself. James Libson at Mishcon de Reya is advising Lipstadt, while

  • Salary levels for uk lawyers

    28-May-2001

    UK City rates (£000's) Premium UK rates (£000's) Mid-Atlantic rates (£000's) New York rates (£000's)`- paid by 16 per cent of US firms in London - paid by 12 per cent of US firms in London - paid by 34 per cent of US firms in London - paid by 38 per cent of US firms in London`Newly qualified 37-50 45-54 50-65 66-102`Year 1 40-55 52-65 60-75 72-115`Year 2 44-65 60-75 69-85 92-127`Year 3 48-73 67-85 72-95 100-143`Year 4 54-83 70-92 81-100 113-158`Year .

  • Secret Service documents to be released

    28-May-2001

    Dechert is to ask the Treasury Solicitor to hand over secret service documents relating to the prosecution of the former director of Ordtec John Grecian, who is suing Customs & Excise for more than £1m in damages for malicious prosecution and misfeasance in public office.`Dechert senior assistant solicitor Lawrence Kormornick will bring the case after his client in another Arms to Iraq case, Ali Daghir, ...

  • Separated at birth

    28-May-2001

    Tulkinghorn has been alerted by an anonymous source to the uncanny likeness that SJ Berwin financial services partner David Calligan bears to Ally McBeal star John Cage. Like Calligan, Cage - aka 'the biscuit' - is a lawyer. But after that the similarities end, as Cage is a litigator while Calligan is a financial services expert. However, Calligan does act for a number of US companies, so are ...

  • Shaddap you face

    28-May-2001

    On the subject of all-round good blokes, well this time it's a woman actually, Tulkinghorn was delighted to encounter the truly wonderful Carolyn McCombe, solicitor turned barristers' clerk.`Currently the senior clerk at commercial set 4 Pump Court, McCombe started her legal life reading law at Cambridge University. While there, she encountered Jonathan Hirst, who is now a leading commercial silk at Brick Court and last year's chairman of the bar, and a charming man to ...

  • Shearmans boosts New York property

    28-May-2001

    Shearman & Sterling is ramping up its New York real estate practice with the hire of a team from the New York office of Los Angeles firm O'Melveny & Myers.`Partner Malcolm Kratzer is moving with three assistants to boost the firm's capability in real estate finance and investments.`His clients include Deutsche Bank, Lehman Brothers Holdings, Metropolitan Life Insurance, the Prudential Insurance ...

  • Squire Sanders lures local partners for launch of North Virginia office

    28-May-2001

    North Virginia's growing reputation as the East Coast's version of Silicon Valley has sparked more law firm raids.`Cleveland firm Squire Sanders & Dempsey in North Virginia is hiring from three rival practices for its launch.`The firm is sending in three partners from its Washington DC office and has taken partners from the local offices of Miles & Stockbridge,

  • Stop the press

    28-May-2001

    The modern bar. Transparent, democratic and all the things a 21st century organisation should be. Or is it?`Well, Tulkinghorn was less than surprised to discover that the bar has yet to embrace the concept of freedom of information.`Following The Lawyer's exclusive that the North East circuit could be thrown out of Bar Council membership if it pressed ahead with plans to ban all employed barristers from joining its ranks (The Lawyer, 7 May, 2001), an email was circulated by the ...

  • Straining training

    28-May-2001

    If you, like Tulkinghorn, have spent many hours pondering over just what amazing skills trainees must have to command salaries of £30,000 plus, then the experiences of those at Wedlake Bell will help.`The City firm's corporate finance team recently hosted a spring reception for journalists and clients at which Tulkinghorn unearthed the true value of trainees.`On arrival, Tulkinghorn discovered ...

  • Summit healthcare

    28-May-2001

    This is the largest contract so far that uses the new NHS standard form project agreement. It involves a hospital's refurbishment and part new build, the construction of two new ambulatory core centres, and facilities maintenance over the life of the contract.`Summit, advised by Jan Sanders at Ashursts, consists of McAlpine Healthcare, Building & Property (now Interservefm) and Bank of Scotland. Siemens Healthcare Services was also party to the deal and was advised by

  • Sweet home Chicago

    28-May-2001

    Chicago is a major business centre for the US and has been long served by a core of law firms with Windy City roots. Chicago's top firms - Kirkland & Ellis, Mayer Brown & Platt, McDermott Will & Emery, Sidley ...

  • Tax boutique loses partner to Freshfields

    28-May-2001

    Freshfields Bruckhaus Deringer is taking on a partner from one of the US's leading tax boutiques to boost its tax practice.`Claude Stansbury joins the Washington DC office of the firm from Ivins Phillips & Baker, where he was one of around 30 lawyers.`He will be the firm's third US tax partner, the second to be based in Washington.`US managing partner Stephen Revell said: "We have ...

  • The good life

    28-May-2001

    As always, Tulkinghorn gets all the exclusives. The legal world may be aware that Paul Rhodes, Hammonds Suddards Edge's highly-rated head of national insolvency and corporate recovery, is retiring, but does it know why?`Once again, Tulkinghorn has sniffed out the answer. After doorstepping Rhodes for weeks, he confessed the truth to Tulkinghorn: "I want to eat fine food and drink fine wine while losing two stone," he says. Wouldn't we all?

  • The Leader Column

    28-May-2001

    Beware the apathy. Last year, it was only a surprisingly generous Law Society that saved a raft of firms, both large and small, from punitive premiums on their professional indemnity (PI) insurance, as it moved from the Solicitors Indemnity Fund (Sif) to the open market.`The Law Society allowed firms that missed the 1 September deadline to backdate their cover, even into November. Such firms thus avoided the punitive premiums - 25 per cent of fee income - charged in the Assigned Risks ...

  • The weakest link

    28-May-2001

    The rumour mill has been grinding in UK-US merger circles: apparently one managing partner of a UK firm can communicate with his US counterpart only through a designated US intermediary.`And this is one of the mergers that went ahead. Many more have fallen by the wayside, most notably Ashurst Morris Crisp's talks with Latham ...

  • Troutman Sanders to attack Euro energy work from City

    28-May-2001

    Atlanta firm Troutman Sanders is opening an office in London to target European energy work.`The 500-lawyer firm, which has offices throughout the south east of the US and in Hong Kong, is a full service corporate firm with a focus on energy.`It will fly in two US partners to launch the practice and plans to staff the office with UK-qualified partners straight away. The partner in charge of the firm's lending practice Jim Keaten will head the office along with energy partner John Varholy.`Varhol

  • US firms pay a packet in London

    28-May-2001

    US firms in London are paying their lawyers bumper bonuses and increasingly paying salaries well above their UK rivals, according to a survey by recruitment consultants Taylor Root.`The 2001 survey of US law firms in London, conducted in association with The Lawyer, shows that 72 per cent of US firms now pay mid-Atlantic or New York rates to UK lawyers in London, compared with 57 per cent last year.`Last year only 18 per cent of law firms paid bonuses of more than 16 per cent of base ...

  • W&A and Ford Gunningham join forces

    28-May-2001

    Wiltshire private client specialists Wood & Awdry and Ford Gunningham have agreed to merge to strengthen their legal and financial services. The new firm now operates as Wood Awdry & Ford from offices in Chippenham and Marlborough.`Richard Ford of Ford Gunningham and Christopher Yates of Wood & Awdry become joint senior partners. A new management committee has been formed, made up of partners William Wyldbore-Smith and Hugo Richardson of Wood & Awdry, and Max Unwin of Ford Gunningham.`The ...