3 December 2001

The Lawyer

  • Breaking news: Taunton Chambers helps settle Unilever pension fund clash

    3-Dec-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.

  • Breaking news: Withers to marry American firm

    3-Dec-2001

    Private client firm Withers has announced that it is to merge with a US firm.

  • A&O slashes partner drawings by 20 per cent

    3-Dec-2001

    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.

  • Ashursts launches global pro bono scheme

    3-Dec-2001

    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.

  • Ashursts leads Barclays on Canary Wharf contract

    3-Dec-2001

    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 ...

  • Bahl swaps adviser for victimisation appeal

    3-Dec-2001

    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 launches a fourth Brazil office

    3-Dec-2001

    Baker & McKenzie has opened a fourth office in Brazil, taking its global tally to 62.

  • Baker & McKenzie turnover for 2001 hits $1bn mark

    3-Dec-2001

    Baker & McKenzie has reached the 10-figure turnover landmark with fee income of $1bn (£704.38m) for the financial year to 2001.

  • BAR TALK

    3-Dec-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 ...

  • Bartlett in professional negligence firing line

    3-Dec-2001

    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.

  • Beware - contagious Iqs

    3-Dec-2001

    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 ...

  • Binghams gets Marconi bondholders a say

    3-Dec-2001

    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 ...

  • Bryan Jeeves OBE forced to go public

    3-Dec-2001

    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.

  • Camerons handles disposal for Haslemere

    3-Dec-2001

    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 ...

  • CC slashes New York and DC bonuses

    3-Dec-2001

    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.

  • CGNU's year long panel audit draws to close

    3-Dec-2001

    Insurance company CGNU is poised to announce its new panel for disease work following a year-long audit process.

  • CMS member firms buddy up in Europe

    3-Dec-2001

    The CMS network has started the process of transforming its member firms' international offices into merged CMS offices.

  • De Brauw resumes talks with Linklaters

    3-Dec-2001

    Linklaters and De Brauw Blackstone Westbroek have resumed merger discussions after they broke down over a series of problems six months ago.

  • Deal of the week - NEWCO

    3-Dec-2001

    Elvinger takes lead role in three-way steel merger

  • Deals summary

    3-Dec-2001

    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 ...

  • Deals summary

    3-Dec-2001

    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 ...

  • Deals summary

    3-Dec-2001

    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).

  • Factory model

    3-Dec-2001

    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 helps fight death row conviction

    3-Dec-2001

    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 saves five from EC fines

    3-Dec-2001

    Freshfields Bruckhaus Deringer's competition department has successfully represented five pharmaceutical companies in the European Commission's recent investigation into vitamin cartels.

  • Grey areas

    3-Dec-2001

    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

  • Guide to decisions

    3-Dec-2001

    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 ...

  • Harkavys' Coleman quits the law at 45

    3-Dec-2001

    Michael Coleman, lawyer to the Hamiltons, Jonathan Aitken and Princess Diana's former lover James Hewitt, has retired at the age of 45.

  • Has beans

    3-Dec-2001

    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 ...

  • Hongkong Land snaps up Charles Allen-Jones

    3-Dec-2001

    Former Linklaters senior partner Charles Allen-Jones will join the board of property company Hongkong Land Holdings in December.

  • IBA condemns Sri Lankan judicial system

    3-Dec-2001

    AN International Bar Association (IBA) report has condemned the deteriorating judicial and constitutional system of Sri Lanka.

  • In the tradition of Barthez…

    3-Dec-2001

    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 ...

  • Insurance

    3-Dec-2001

    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 ...

  • John Gaunt lands host of licensing contracts

    3-Dec-2001

    Sheffield-based niche licensing practice John Gaunt & Partners has won a series of new appointments.

  • Jones Day helps cartel informers avoid EC fine

    3-Dec-2001

    The European Comm-ission (EC) last month fined eight pharmaceutical companies g855.22m (£533.26) for their involvement in a vitamins cartel.

  • Keeping tabs

    3-Dec-2001

    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 denies property exodus

    3-Dec-2001

    Keoghs has lost its only commercial property partner - who claims to have taken most of the firm's freestanding commercial property clients with him.

  • Kuwait-Iraqi airline case reaches Lords

    3-Dec-2001

    The House of Lords will hear the next instalment in the dispute between Kuwait Airways Corporation and Iraqi Airways on 15 January.

  • Law Society policy restructure spells the end of postal ballots

    3-Dec-2001

    The Law Society is planning to introduce sweeping changes to members' voting rights on society policy.

  • Lincoln's Inn chambers ready for court battle over increased rents

    3-Dec-2001

    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 partners give go-ahead for restructure

    3-Dec-2001

    Linklaters to scrap management structure; international governance board to be launched in April

  • Linklaters scoops lead role in Enron collapse

    3-Dec-2001

    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 ...

  • Liverpool sports lawyer in money laundering battle

    3-Dec-2001

    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 ups litigation prior to Rowe & Maw deal

    3-Dec-2001

    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.

  • Merricks loses four partners and opts for LLP

    3-Dec-2001

    National litigation firm Merricks has lost four partners as it restructures itself into a limited-liability partnership (LLP).

  • New ATE case: fees could be subject to credit laws

    3-Dec-2001

    Highway Insurance claims policy is credit agreement and should fall under the Consumer Credit Act

  • New tribunal puts FSA under scrutiny

    3-Dec-2001

    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.

  • News in Brief

    3-Dec-2001

    A round up of stories from the UK and around the world

  • Norton Rose sued for £1m over Dome

    3-Dec-2001

    NMEC alleges bad advice over roofing contract; City firm denies negligence

  • Pannone sports ace brought onside by Derby FC footballer

    3-Dec-2001

    Pannone & Partners is acting for a Derby County FC footballer who wants to play in more matches.

  • Pinsents to quit alliance for new Granrut link-up

    3-Dec-2001

    Pinsent Curtis Biddle is set to leave its international alliance to link up with its long-term French ally Granrut Vatier Baudelot & Associés.

  • Reining in the lawyers

    3-Dec-2001

    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 ...

  • Scots desire foreign partners

    3-Dec-2001

    President of the Law Society of Scotland Martin McAllister is determined to reignite the debate on multinational practices.

  • Seat of deceit

    3-Dec-2001

    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 ...

  • Separated at birth

    3-Dec-2001

    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 ...

  • Show stoppers

    3-Dec-2001

    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

  • Survey findings point to merger as main priority for UK law firms

    3-Dec-2001

    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.

  • Taking Cover

    3-Dec-2001

    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

  • The Leader Column

    3-Dec-2001

    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 non-events

    3-Dec-2001

    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 in pioneering deal for CrestCo

    3-Dec-2001

    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 ...

  • Wragges bucks the trend with TMT drive

    3-Dec-2001

    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.