29 January 2001

The Lawyer

  • A bar on competition

    29-Jan-2001

    Is Hong Kong's bar under threat of extinction, or is it simply not prepared to compete? To some extent Hong Kong recognises, that its bar is too small to support specialists in some fields, so it continues to permit QCs from the UK to be admitted on an ad hoc basis. Although this is plainly in the interests of clients, the bar is not enthusiastic about the prospect of UK QCs being admitted to handle the most complex and therefore lucrative cases. Economics are ...

  • A VIEW FROM INDIA

    29-Jan-2001

    Is India the new Japan? This question will raise a wry smile from lawyers who have worked on India-related matters over the past 10 years. In 1991 India announced deregulation and reform to open up its economy. The first flush of enthusiasm, which saw Western businesses, including law firms, rush to take advantage of India's huge potential, gave way to disillusionment as projects became mired in controversy and investment became entangled in red tape. The Indian economy did not ...

  • a year ago this week

    29-Jan-2001

    CC forms Indonesian alliance

  • Asia specific

    29-Jan-2001

    In simple terms, the world consists of three principal financial elements: the US, Europe and Asia. But looking at the strategies of some firms recently, you would be forgiven for thinking there were only two. While everyone in London is running around seeking out European mergers in a bid to win the eye of a US suitor, poor old Asia seems to have been forgotten.No one knows more about this than

  • Asia: Deals round up

    29-Jan-2001

    Asia is as much an emerging market as it is a sophisticated one. There has been a raft of restructuring - a result of the Asian crisis - and privatisation is still a relatively new area that experienced UK firms are able to cash in on. But there has also been some mammoth M&A deals and the flotation of the Hong Kong Stock Exchange in June has boosted initial public offering (IPO) work. There has been a lot of work in that sexy stable of European deals during the past 18 months, technology ...

  • Asia: Forum

    29-Jan-2001

    If everything goes to plan, in 2001 China will succeed to the World Trade Organisation (WTO). What this means in practical terms is that markets will open up to foreign investors. Firms are gearing themselves up to benefit - the first step for many has been to apply for licences to open further offices, meaning most should have twice the coverage in China by the time the year is out.But are they jumping the gun? Is there really going to be an explosion in work, and if so ...

  • Axa Corp sets up new legal panel

    29-Jan-2001

    Axa Corporate Solutions, which is part of the Axa group, has set up a panel of preferred law firms.The panel is unusual as the work is for large multinational clients, and the firms need to prove that they have the capacity to cope with complex multijurisdictional work.A number of firms are known to have been successful as The Lawyer went to press. They included Kennedys, Beachcroft ...

  • Axa Corporate Solutions sets up cross-border legal panel

    29-Jan-2001

    Axa Corporate Solutions, part of the Axa group, has set up its own panel of law firms following an extensive beauty parade.

  • BBC picks BT director as its top legal adviser

    29-Jan-2001

    The BBC is hiring the director of regulatory compliance from British Telecommunications (BT) as its new legal adviser.

  • Bevan Ashford takes on Mitac head of legal

    29-Jan-2001

    Bevan Ashford has bolstered its South West commercial property team by hiring the head of legal from Bath-based motor industry consultancy Mitac.Peter Fox joins Bevan Ashford's Taunton office as commercial property partner after three years at Mitac, which operates exclusively in the motor industry. Fox was a company director and provided general commercial advice. He instructed Bevan Ashford for litigation work and brings Mitac with him as a general commercial ...

  • BOOK REVIEW

    29-Jan-2001

    The Anatomy of Buzz by Emanuel Rosen, published by Harper Collins (ISBN 0002571048)You're right. It is annoying. It is one of those words that you feel obliged to use on "dress-down Friday" when the ties are loosened and so is the language. "Buzz" has connotations of drugs or even worse... marketing - both dangerous to your health and professional credibility.We English may have called the book "word of mouth", ...

  • Brief encounter: laytons

    29-Jan-2001

    Laytons may be a small firm but it still manages to cover a large part of the UK, with offices in London, Bristol, Surrey and Manchester.The past few years have seen tentative steps towards expanding its core resources in order to retain big-name clients, including a myriad of banks and well-known brands, from First National and Oxford Instruments to QVC and Red Bull.All of Laytons' offices have grown marginally in size over the ...

  • Bufete Mullerat increases offices with Echarri link-up

    29-Jan-2001

    Spanish law firm Bufete Mullerat has merged with local law firm Echarri & Brindle to create a nine-partner firm with over 50 lawyers.

  • caradon bathrooms

    29-Jan-2001

    Caradon is one of many deals that Eversheds has acted on for its client HSBC Private Equity. The investment house initially purchased Caradon's plumbing business in November in a management buyout through newco Black Knight. The plumbing business is a composite of different businesses, including Mira shower units and its bathrooms division, which were consolidated in 1998 following the decision to restructure ...

  • Clark makes assistant retention a priority

    29-Jan-2001

    Slaughter and May's new senior partner is set to shake up the use of IT to aid fee-earner retention.

  • CMS integration derailed

    29-Jan-2001

    The full merger of Cameron McKenna's CMS alliance is likely to take twice as long as originally predicted, its managing director has admitted.

  • Corporate

    29-Jan-2001

    Barclays Bank forms alliance with Legal & General, under which the bank will offer the insurers pension and investment funds while closing its own life assurance operation. Barclays Bank represented by Simmons & Simmons (Richard Slater). Legal & General advised by Eversheds (Michael Wainwright).

  • Corporate

    29-Jan-2001

    Finland-based Sanitec acquires Caradon Bathrooms, part of Caradon's plumbing division, from HSBC Private Equity for £82m. Sanitec represented by Allen & Overy (Pervez Ahktar). HSBC Private Equity represented by Eversheds (Edward Pysden). Financial adviser Ernst & Young Corporate Finance.

  • Corporate

    29-Jan-2001

    Nestlé buys all outstanding shares in Ralston Purina Company for £4.27bn. Nestlé advised by Cravath Swaine & Moore (Alan Stephenson). Financial advisers Greenhill & Co and Credit Suisse First Boston. Ralston Purina represented by Wachtell Lipton Rosen & Katz (Steven Cohen) and Bryan Cave (Don Lents). Financial adviser Dresdner Kleinwort Wasserstein.

  • Crown castle

    29-Jan-2001

    A mixture of technology and property in two deals for Denton Wilde Sapte client Crown Castle. The client, which used to be owned by the BBC, operates transmission facilities.

  • DOCTOR SPIN

    29-Jan-2001

    Pro bono work within firms has taken on a new status in recent years. There was a time when it was something individual lawyers did for their own satisfaction or interest, occasionally it was something the human resources teams saw as a good "team building exercise" and senior partners saw as good training for junior staff.But then the marketing people arrived and as they cast their eyes around the virgin territory of the modern law firm, their minds ...

  • Eversheds advises Shipman inquiry

    29-Jan-2001

    Eversheds is setting up a dedicated public inquiry practice after being appointed legal adviser for the forthcoming Harold Shipman inquiry.The Shipman case is the second high-profile inquiry Eversheds has been appointed to. It tendered for and won Lord Saville's Bloody Sunday inquiry in July 1998, and had more than 20 lawyers based in Northern Ireland.Public inquiry work ...

  • Eversheds goes for volume market in management rejig

    29-Jan-2001

    Eversheds is undergoing a wholesale management shake-up in Cardiff and Bristol, with Cardiff set to spearhead Eversheds' drive into the volume legal services market.

  • Field Cunningham set to lose Crosby Homes with Hepplestone departure

    29-Jan-2001

    Manchester-based Field Cunningham & Co is losing a commercial property partner to Eversheds, giving Eversheds a stranglehold on client Crosby Homes.

  • Finance

    29-Jan-2001

    Bank of Scotland

  • Finance

    29-Jan-2001

    A syndicate of 19 banks

  • Finance

    29-Jan-2001

    Ship operator Celtic Pacific

  • Fitting the Bill

    29-Jan-2001

    When even the railway system can't make a man angry, he has to be the nicest lawyer around. Fiona Callister meets Martineau Johnson's very agreeable senior partner elect

  • Freshfields boosts Dutch tax in London

    29-Jan-2001

    A senior Dutch tax partner at Freshfields Bruckhaus Deringer's Amsterdam office is moving to London to bolster the Dutch tax service to investment banks in the UK.

  • GWR radio group hires ex-Castrol legal counsel

    29-Jan-2001

    Regional radio giant GWR Group has hired its first ever head of legal from oil giant BP Amoco.Richard Manning joins the company as group solicitor. GWR, which has a market capitalisation of £800m, owns 32 radio stations across the country, as well as national station Classic FM.Manning was legal counsel at Burmah Castrol but was made redundant after last year's acquisition of the company by BP Amoco. He says: "The takeover of Burmah ...

  • Halliwells eyes Garretts

    29-Jan-2001

    Halliwell Landau is circling Andersen Legal Garretts' Manchester office as the firm continues to lose partners.

  • Inside Intel

    29-Jan-2001

    Organisation: Intel Capital, Asia PacificEmployees: 300Legal capability: FiveHead of legal: Michael Scown, regional general counsel, Asia PacificReporting to: Suzan Miller, general counsel for Intel Capital, based in the USMain location for lawyers: Hong KongMain law firms in Asia: Deacons Asia, Deacons Australia, Denton Wilde Sapte and

  • KLegal takes over Slaughters case

    29-Jan-2001

    KLegal, the law firm associated with accountants KPMG, is taking over a multi-million pound piece of litigation from Slaughter and May after hiring one of its lawyers.Anthony Maton is joining KLegal as a director, the equivalent of salaried partner, and he is bringing with him work on an ongoing action for Airtours against Customs & Excise.The case could go to the Court ...

  • Landwell lures Linklaters partner to enhance real estate capability

    29-Jan-2001

    Landwell & Partners, the legal arm of PricewaterhouseCoopers (PwC), has poached a partner from Linklaters & Alliance to head the Paris real estate practice's legal side.

  • Lathams takes on two Dept of Interior officials

    29-Jan-2001

    Latham & Watkins is hiring the two highest-ranking officials from the US Department of the Interior for its Washington DC office.

  • Law Society Approves City Legal practice course

    29-Jan-2001

    The revised course will start in September

  • Legal widow

    29-Jan-2001

    This is the week the Lawyer hopes to inflict his new suit on an unsuspecting world. He bought it during a weak moment in the sales, the time around 3pm when bargain blindness sets in and the pinstripes don't look quite so wide or prominent as in the cold light of morning.

  • Linklaters wraps up Jolly deal as hotel sales revive

    29-Jan-2001

    Linklaters & Alliance has finally completed one of the largest single asset transactions for first-time client Jolly Hotels.

  • Mad for marketing

    29-Jan-2001

    Manchester’s legal market has undergone a period of dramatic growth in the past year and some hard-nosed marketeers want a share of the credit. DLA, Eversheds, Halliwell Landau and Hammond Suddards Edge all increased their turnovers by more than 20 per cent, figures that no other regional centre can match. But there is a danger in measuring marketing success simply in terms of turnover and profit. Wacks ...

  • MAIN UK FIRMS IN ASIA

    29-Jan-2001

    Allen & OveryOffices: Beijing, Bangkok, Hong Kong, Singapore (jointventure with Shook Lin & Bok), Tokyo (in associationwith Akatsuki International Law Office)Total lawyers: 181, including 53 partnersNorth Asia managing partner: Chris RobertsAshurst Morris CrispOffices: Singapore, Tokyo

  • McDermotts snatches McMahon from Orricks

    29-Jan-2001

    One of the leading intellectual property (IP) litigators in Silicon Valley is leaving Orrick Herrington & Sutcliffe to join Chicago firm McDermott Will & Emery.

  • One Essex Court poised to gross £35m this year

    29-Jan-2001

    Magic circle set One Essex Court is to post a record £3m in earnings this month at one of the slowest times of the year.Last year's decision to focus on commercial work and to internally restructure chambers clerking could result in the annual turnover of the chambers exceeding £35m if it continues to attract the same calibre of work. This figure would represent an increase of 45 per cent on last year's figure of £24m.The chambers is ...

  • Opinion

    29-Jan-2001

    So will there be a recession this year in the US, which will impact upon UK and European technology companies, would-be investors in the market and indeed technology lawyers? Who knows?Over the last few years, UK technology lawyers have been particularly active. They have witnessed the flood of dotcom start-ups with business plans in hand which need support, and they have seen their lawyers as the first port of call for professional advice. This was in ...

  • Powergen and E.on merger talks spark conflict chaos

    29-Jan-2001

    Freshfields Bruckhaus Deringer elbowed out for Shearman & Sterling; Slaughters scoops UK side

  • Rawlinsons appoints Cripps partner

    29-Jan-2001

    South East firm Rawlison & Butler has expanded its commercial litigation team with the hiring of a new partner from Cripps Harries Hall.Joanna Case joins the Crawley-based firm after five years at Cripps Harries Hall, where she became a partner in 1999. Her particular focus was professional negligence work.Case previously practised in Birmingham at Wansbroughs Willey ...

  • REAL ESTATE

    29-Jan-2001

    After a spot of partner swapping to rival Dallas or Dynasty, consolidation for the UK's housebuilding industry looks assured after Taylor Woodrow announced an agreed £535m bid for Bryant. And as The Lawyer goes to press, no doubt there are corporate lawyers thrashing out the next deal between Beazer - Bryant's jilted bride - and fellow housebuilder Persimmon. With other industry players also on the defensive, it looks like those corporate fees will just keep rolling in. A happy thought ...

  • Real Estate and Projects

    29-Jan-2001

    Warner Estate Holdings acquires 20 properties for £41m from CGU and Commercial Union through Morley Fund Management. Warner Estate Holdings represented by Brodies (Nick Scott), Carson McDowell (Jeremy Hill) and Clifford Chance (Richard Hopkinson-Woolley). The vendor advised by C&H Jefferson,

  • Real Estate and Projects

    29-Jan-2001

    BEP Acquisitions, a vehicle backed by Merrill Lynch, WREI Group and the Greenwich Group, makes a £42m offer for Bourne End Properties through Granville Baird. BEP Acquisitions advised by Taylor Joynson Garrett (Nick Briant). Bourne End Properties represented by Travers Smith Braithwaite (Richard Skelton).

  • Rollit Farrell & Bladon pushes across Yorkshire with triple hire

    29-Jan-2001

    Hull-based firm Rollit Farrell & Bladon has hired three new partners as part of an aggressive expansion drive across Yorkshire.Ros Harwood, formerly head of Speechly Bircham's charity group, will head Rollits' new charities team. Commercial property partner Carol Bailey arrives from Hammond Suddards Edge and planning and public sector partner Jocelyn Denton joins ...

  • Simmons & Simmons set for global management shake-up

    29-Jan-2001

    Simmons & Simmons is planning a radical overhaul of its management structure to increase representation for its international offices.

  • SJ Berwin launches Paris office

    29-Jan-2001

    Crack private equity team jumps ship from Salans; Pinkham to open SJ Berwin's second European office in one month

  • Solomon brings Helical Bar to Clifford Chance

    29-Jan-2001

    Former Norton Rose partner Jonathan Solomon has given Clifford Chance a foothold in property company Helical Bar. He is acting on the granting of Slaughter and May's lease for its new Bunhill Row offices after negotiating ...

  • stolt offshore group

    29-Jan-2001

    This is the third loan facility to companies within the Stolt Offshore Group to be led by Den Norske Bank in New York, and Stephenson Harwood has advised the syndicate of banks on all three. Sheila Obhrai, a senior assistant in the firm's five-partner ship financing group, led all three deals - the others completed in early 1999 and early 2000. All three were documented and coordinated out of ...

  • Technology, Media and telecoms

    29-Jan-2001

    Israel-based Sadot Research & Development Fund introduced to the main list of London Stock Exchange. Sadot Research & Development Fund advised by Fladgate Fielder (Avram Kelman) and Seligman & Co. Sponsors and brokers Cazenove & Co advised by SJ Berwin.

  • Technology, Media and telecoms

    29-Jan-2001

    Wafer Technology sold to IQE for £40m. Wafer Technology management team advised by Vizards Staples & Bannisters. Wafer Technology minority shareholder advised by Lawrence Graham. IQE advised by M&A Solicitors.

  • Technology, Media and telecoms

    29-Jan-2001

    Crown Castle signs deals with BT and Dolphin Telecommunications to expand mobile telephone networks. Crown Castle advised by Denton Wilde Sapte (John Worthy). BT advised by Ashurst Morris Crisp. Dolphin Telecom advised by Taylor Joynson Garrett.

  • The Leader column

    29-Jan-2001

    The ongoing battle for control of German firm Gaedertz is pitching those of you with unsatisfied global ambitions into a real head-to-head. The cast list is starting to read like a who's who of wannabe international players - enter Lathams, Mayer Brown & Platt, Eversheds and

  • US IPOs

    29-Jan-2001

    About an hour's drive south of San Francisco lies Silicon Valley, probably the most influential suburb in the world. Powered by a bunch of law firms that many of you never will have heard of, it is fast becoming the legal centre of the universe. In the Valley, it is the lawyers who rule the roost - companies can rise or fall according to whether they have convinced the right team to represent them, as it is often lawyers that introduce start-ups to venture capitalists. .

  • Virgin territory

    29-Jan-2001

    The Virgin Group provides an array of services, from aeroplanes to limobikes, and a rethink of the group's legal panal is now called for. Fiona Callister reports on its compact in-house legal team and its plans for the future.

  • Warner Estates

    29-Jan-2001

    Clifford Chance is in a prime position to pick up a string of deals from its relatively new client Warner Estate Holdings. The property company is shifting its focus from residential property to commercial and this £41m purchase from CGU and Commercial Union consolidates the move. It is also selling its £52m residential estate and a 13 per cent stake in residential property company BPT for approximately ...

  • White & Case profits from Italian merger

    29-Jan-2001

    White & Case's new Italian practice has gained an intellectual property (IP) partner and three associates through the merger of boutique firm Studio Attolico Legale and its Italian partner Varrenti e Associati.

  • White & Case swipes first UK tax partner

    29-Jan-2001

    White & Case is taking on its first UK tax partner from City rival Denton Wilde Sapte.Neil Woodgate has been a partner in the tax department at Wilde Sapte (now Denton Wilde Sapte) since 1996. He specialises in the tax aspects of banking and finance transactions, and will work closely on structuring deals with the asset finance team when he joins White & Case.At Denton Wilde ...

  • Wilson Sonsini flies in the face of Valley pay hikes

    29-Jan-2001

    Top Technology firm revolts against salary war; NY firms yet to respond

  • Wragge & Co turnover hits record high

    29-Jan-2001

    Birmingham firm Wragge & Co is poised to make its biggest ever leap in turnover this financial year, with fees set to rise to £70m from £54m.Managing partner Quentin Poole says that that Wragges set an aggressive budget this year. "We projected budget growth of 35 per cent, and we're on target," he says.Much of the increase has come from IT ...