3 December 2001
An out-of-court settlement reached on Thursday between Merrill Lynch and Unilever PLC's pension fund was mediated by a member of ADR Chambers in Taunton.
Private client firm Withers has announced that it is to merge with a US firm.
Allen & Overy (A&O) is cutting its partner drawings by 20 per cent to protect the firm in the event of bad end-of-year figures.
Ashurst Morris Crisp is embarking on an international pro bono drive, with the Paris and Frankfurt offices earmarked as the first locations for new projects.
Ashurst Morris Crisp partner Martin Wright has advised on his fourth major head office relocation this year with the signing of Canary Wharf's lease to Barclays Bank.The bank's decision to house its new headquarters in the Docklands is the UK's first major letting deal since the terrorist attacks on the US in September.Advised by Lovells partner Michael Stancombe, Barclays will ...
Kamlesh Bahl, the former vice-president of the Law Society, who won a sex and race discrimination claim against the body last summer, has switched legal advisers again.
Baker & McKenzie has opened a fourth office in Brazil, taking its global tally to 62.
Baker & McKenzie has reached the 10-figure turnover landmark with fee income of $1bn (£704.38m) for the financial year to 2001.
The question of how far a single joint expert witness can be cross-examined was the subject of a recent Court of Appeal hearing. And the answer? No, you can't cross-examine. Which has raised quite a few hackles among tough barristers.The matter in question arose at the Court of Appeal before Lord Woolf, our venerable Lord Chief Justice, and involved a claimant in a medical negligence action appealing for a conference with a joint expert witness, but without a defence lawyer ...
Chester firm Bartlett & Son could face a professional negligence claim after losing a time-wasting appeal at the hands of James Chapman & Co, according to the Court of Appeal.
Tulkinghorn hears remarkable news from the bar. One could even go so far as to say it heralds a revolution in clerking - the alcohol-free clerk.The story begins in Paris, where clerks from Blackstone Chambers, including senior clerk Martin Smith and first junior Gary Oliver, were enjoying the hospitality of one of the set's French clients. The duo were among a group being taken by the French firm to the Stade de France to see a rugby match between France and England. A lethal ...
Bingham Dana has secured the first meeting between ailing technology giant Marconi and company bondholders.The company, which is being financially restructured, owes its bondholders a total of around £2bn. It also owes its bankers, including Barclays and HSBC, £3.6bn. The company is talking to the banks, but bondholders, including those represented by Bingham Dana, have been frozen out of restructuring discussions.Bingham Dana represents a group of 10 bondholders ...
Mr Justice Burton has ruled that Bryan Jeeves OBE, former honourary consul to Lichtenstein, must be asked in public about his involvement in offshore property company Casterbridge.
CMS Cameron McKenna has acted on the disposal of a £62.25m property portfolio for longstanding client Haslemere.The portfolio, comprising four office buildings located on Kingsway in London's West End, was sold to an unnamed consortium of overseas investors. The buildings, which include the well known Bank restaurant and the offices of management consultants Accenture, are fully occupied. The ...
Clifford Chance is to cut last year's US bonus bill of $20m (£14m) - 1.5 per cent of turnover - by reducing payouts to staff in the US.
Insurance company CGNU is poised to announce its new panel for disease work following a year-long audit process.
The CMS network has started the process of transforming its member firms' international offices into merged CMS offices.
Linklaters and De Brauw Blackstone Westbroek have resumed merger discussions after they broke down over a series of problems six months ago.
Elvinger takes lead role in three-way steel merger
Pinsent Curtis Biddle (Jim Lavery) advised Barclays Private Equity on the £50m sale of specialist equipment hire company Ravenstock Tam to US-based Mobile Storage Group. Mobile Storage Group was advised by BP Collins (Tim Walton, David Stanning).Norton Rose (Richard Sheen, Peter Talibart, John Challoner) advised Charles Stanley Group on its £7.75m acquisition of stocking business ...
Norton Rose (Andrew Bamber) advised TXU on the £13.bn sale of Eastern Electricity and 24seven to London Electricity. London Electricity advised by Denton Wilde Sapte and Linklaters & Alliance. Arrangers for the debt facility advised by Allen ...
Rowe & Maw (Archana Hogarth) advised England Football Enterprises, a subsidiary company of the Football Association, on the successful planning application for its development of the National Football Centre, a state-of-the-art facility at a 350-acre site near Burton-Upon-Trent. East Staffordshire Borough Council advised in-house (David Duckitt). Staffordshire County Council also advised in-house (Colin Davis).
Tulkinghorn was delighted to receive a photo release from Dechert, which purported to tell us exactly "what being an international partner at Dechert is all about". It depicts real estate partner Ciaran Carvahlo (left) and corporate partner David Vogel sandwiching the model Claudia Schiffer at a factory opening for client Freeport in Sweden. It clearly also shows us the real glamour that goes with being ...
Freshfields Bruckhaus Deringer has advised a 290-strong group of UK politicians on lobbying Florida governor Jeb Bush to review the death row conviction of Londoner Krishna Maharaj.
Freshfields Bruckhaus Deringer's competition department has successfully represented five pharmaceutical companies in the European Commission's recent investigation into vitamin cartels.
It was hoped that Callery Gray would clarify some of the issues surrounding after the event insurance, but the uncertainty and controversy continue. Ian Lamacraft reports
HIH Casualty and General Insurance Ltd & ors v Chase Manhattan Bank & ors (QBD Commercial Court, Aikens J, 31 July 2000) (Court of Appeal, Rix LJ, 31 July 2001)Freedom to contractNon-disclosure: A properly drafted clause might negate the insured's duty of utmost good faith and waive retrospectively any duty to disclose material facts. Mr Justice Aikens concluded that, once the duty to disclose had been excluded, it added nothing to describe the non-disclosure ...
Michael Coleman, lawyer to the Hamiltons, Jonathan Aitken and Princess Diana's former lover James Hewitt, has retired at the age of 45.
Who would believe the price of coffee these days? Well, not Clifford Chance partners. The firm's recent bid to cut costs has hit the partners hard. First, their Christmas party was cancelled (saving a cool £1m in the process) and then partners using the firm's meeting rooms were outlawed from ordering coffee and tea unless they were for client meetings. In a desperate bid to avoid ...
Former Linklaters senior partner Charles Allen-Jones will join the board of property company Hongkong Land Holdings in December.
AN International Bar Association (IBA) report has condemned the deteriorating judicial and constitutional system of Sri Lanka.
Maurice Allen: an apology. In last week's issue, The Lawyer reported that White & Case's London head of banking Maurice Allen was a Brighton & Hove Albion FC supporter. Tulkinghorn would like to offer his heartfelt apologies to Mr Allen for committing such a dreadful error. Mr Allen is, of course, a devout Manchester United fan. Tulkinghorn can only assume that information regarding his ...
Predictions of significant premium increases for professional indemnity insurance are becoming increasingly confident, and law firms are being presented with some interesting choices.No business wants to see its costs slant upwards, but what is the alternative? Law firms cannot practice without cover for their potential mistakes, so they look to the Law Society-approved providers, pay their premiums and go about their business. But some firms are beginning to abandon the norm ...
Sheffield-based niche licensing practice John Gaunt & Partners has won a series of new appointments.
The European Comm-ission (EC) last month fined eight pharmaceutical companies g855.22m (£533.26) for their involvement in a vitamins cartel.
For Baker & McKenzie's Harry Small, keeping Levi's little red tab sacred was a must - despite the fact that he doesn't wear jeans very often
Keoghs has lost its only commercial property partner - who claims to have taken most of the firm's freestanding commercial property clients with him.
The House of Lords will hear the next instalment in the dispute between Kuwait Airways Corporation and Iraqi Airways on 15 January.
The Law Society is planning to introduce sweeping changes to members' voting rights on society policy.
Chambers in Lincoln's Inn are prepared to take their landlord to the county court if it goes ahead with its proposed 40 per cent increase in rent.
Linklaters to scrap management structure; international governance board to be launched in April
The deterioration of Enron's position has turned a simple M&A transaction in which UK firms had bit parts into an extremely complex and profitable insolvency that will spawn endless litigation.Linklaters has come out best as the adviser to administrator Pricewaterhouse-Coopers (PwC), but Allen & Overy (A&O) is providing legal advice to the largest creditor, and insolvency and ...
A Liverpool-based sports lawyer, who is the subject of inquiries into allegations of money laundering and corruption, is involved in a court action against the Law Society.
Mayer Brown & Platt has added a litigation capability to its London office with the hire of two Denton Wilde Sapte lawyers, just as merger negotiations with Rowe & Maw are reaching their final stages.
National litigation firm Merricks has lost four partners as it restructures itself into a limited-liability partnership (LLP).
Highway Insurance claims policy is credit agreement and should fall under the Consumer Credit Act
Under the new Financial Services and Markets Act, companies will be able to challenge Financial Service Association's (FSA) regulatory and disciplinary decisions at an independent tribunal.
A round up of stories from the UK and around the world
NMEC alleges bad advice over roofing contract; City firm denies negligence
Pannone & Partners is acting for a Derby County FC footballer who wants to play in more matches.
Pinsent Curtis Biddle is set to leave its international alliance to link up with its long-term French ally Granrut Vatier Baudelot & Associés.
While Mrs Tulkinghorn is a big fan of the Channel Islands as a holiday destination, it is not often that its legal market is regarded as a driving force in the development of law firm practice. It was only a month or two ago, for example, that The Lawyer reported on what is believed to have been the first lateral hire at partner level between two rival domestic firms. It seems, though, that the landscape is changing.Just take a look at Guernsey firm Collas Day, which has announced ...
President of the Law Society of Scotland Martin McAllister is determined to reignite the debate on multinational practices.
Tulkinghorn's dinner party tips, part 1. Tulkinghorn has been picking up a few tips lately on how to ensure top-level status at dinner parties, particularly important at this time of year when one needs to have a primary seating position and not be placed with the also-rans at Christmas parties.One excellent piece of advice came from the experiences of one partner at a well-known national firm. He has adopted a novel approach to upping his status, which avoids the necessity ...
Tulkinghorn is finding it increasingly difficult to distinguish between members of the magic circle. Of course, one is safe with Slaughter and May because it doesn't use an ampersand, but what about Allen & Overy (A&O) and Linklaters ...
The showbiz world is fickle and putting value to a film before its production is risky for both funders and insurers. Alex Gunning reports on what happens when the films flop
A survey of UK law firms has revealed that most believe the current spate of merger activity between firms is just the tip of the iceberg.
One act or four? War or terrorism? These are the questions insurers are asking after 11 September. Sheila Simison and Denis Whelan ask whether the industry will ever be the same again
So Allen & Overy (A&O) is the first of the major firms to cut partner drawings in response to the downturn. Its 20 per cent cut - a precautionary measure only - will leave its plateau partners scraping along on £1m a year instead of £1.25m.It shows that in these times, a strong finance director (and A&O's Ian Dinwiddie is certainly that) is crucial. The fact that the firm is tackling the private client issue also marks a sea change. For years, the A&O ...
The financial shockwaves from 11 September have resounded into insurance for sporting events. Jason Smith reports on how organisers are having to bone up on their cover
Travers Smith Braithwaite has advised City of London systems operator CrestCo on the development of two risk-reducing projects. These have involved a dramatic change in company law and have hailed Crest as the safest transfer and payment system in the world.Together with CrestCo's in-house team, Travers Smith has provided the legal advice for the introduction of electronic transfer of ...
Wragge & Co has gone against the grain to disband technology media and telecoms (TMT) groups with a new technology team in anticipation of an upturn.