3 July 2000

The Lawyer

  • ...while Biddle pay soars to £;45,000

    3-Jul-2000

    Biddle has introduced a payment scheme for its newly-qualified assistants which could see them earn as much as £45,000.

  • 4-5 Gray's Inn calls off merger with Monckton

    3-Jul-2000

    4-5 Gray's Inn Square has broken off merger talks with Monckton Chambers.

  • A View from Germany

    3-Jul-2000

    Of course, everybody over here is talking about Freshfields and Bruckhaus Westrick Heller Löber. How did Peck and Salz pull it out of the bag after only a 63% vote for in April? Just what concessions did Bruckhaus big hitters Voss, Epe, Wilde and Horvath wring out of a City firm whose march through continental Europe had, up to that point, been unstoppable?

  • Andrew Hochhauser QC reports on the implications on employee rights of the court judgment in Hall v Woolston Hall. Andrew Hochhauser QC is a barrister at Essex Court Chambers.

    3-Jul-2000

    No reliable figures exist for the number of workers in the UK whose employers do not properly account for income tax and National Insurance contributions. Inland Revenue statistics show that it recovers approximately £250m each year as a result of inspections targeted on particular sectors. Large numbers of employees are affected by what the Revenue describes as a "tax irregularity".

  • Arnold & Porter in LA swoops for IT and showbiz niche firm

    3-Jul-2000

    Washington DC firm Arnold & Porter is dramatically increasing its Los Angeles practice by taking over a niche IT and entertainment firm.

  • Bank of Ireland

    3-Jul-2000

    Last year, the Bank of Ireland anticipated adding yet another division to its multi-faceted operation by bidding for NatWest's subsidiary Ulster Bank.

  • Case of the week

    3-Jul-2000

    The RollingStones' former record label, Abkco Music, lost a round in its battle over who owns the rights to two songs first recorded by blues legend Robert Johnson. The court found that the fact that the band believed that any common-law copyright on Love in Vain and Stop Breakin' Down had expired, were not reasons that Abkco can cite in its fight with the current copyright holders. The court sent the case back to the USdistrict court in Los Angeles for further hearings.

  • CCR&W boosts DC litigation

    3-Jul-2000

    Clifford Chance Rogers & Wells is taking on a litigation counsel from Milbank Tweed Hadley & McCloy to boost its Washington DC office.

  • Chadbourne & Parke wins fight to open Beijing office

    3-Jul-2000

    New York firm Chadbourne & Parke is to open an office in China, having been granted a licence by the Chinese Ministry of Justice.

  • Cleary Gottlieb bags tripartite media merger

    3-Jul-2000

    Cleary Gottlieb Steen & Hamilton has scooped the first transatlantic media superpower merger by working on the Vivendi - Canal Plus - Seagram deal.

  • Cleveland firm merges to hit top 20

    3-Jul-2000

    Cleveland firm Squire Sanders & Dempsey is to become one of the top 20 US firms after finalising a merger with California-based Graham & James.

  • Clifford Chance loses German head to Willkie

    3-Jul-2000

    US firm Willkie Farr & Gallagher is to open its first office in Germany by taking Thomas Heymann, former Clifford Chance managing partner in Germany.

  • Conflicts rules under fire by City Law Society

    3-Jul-2000

    A wholesale shake-up of the rules governing conflicts of interest is about to take place, The Lawyer can reveal.

  • Cryptonomicon by Neal Stephenson, published by Arrow books ISBN0099410672

    3-Jul-2000

    As both in-house and private practice lawyers wait for the next wave of consolidation to set them new challenges and devour more time, they might set aside a little quality time to read a novel and, if they are feeling guilty that something as frivolous as a work of fiction might not be the most productive use of their time (and they cannot face a crime novel), they might well take a look at the latest from Neal Stephenson.

  • Davis Polk appoints Shearmans partner

    3-Jul-2000

    Top New York firm Davis Polk & Wardwell is laterally hiring a partner from Shearman & Sterling to boost its Californian office.

  • Digest

    3-Jul-2000

    Cadwalader Wickersham & Taft has appointed Andrew Wilkinson as its new managing partner following the departure of Paul Griffin to Herbert Smith. Wilkinson is one of the world's leading bankruptcy lawyers and is one of the top fee generators at the firm. He says he is now looking to recruit across all areas.

  • Ernst & Young nets eleven lawyers from Coca-Cola

    3-Jul-2000

    Ernst & Young has gained an 11-strong legal team from Coca-Cola's Moscow operation - including its lead general counsel Jack Robinson - as part of a massive recruitment drive by the accountancy giant in the CIS region.

  • Flotation

    3-Jul-2000

    Allen & Overy is advising Credit Suisse First Boston as global co-ordinator, book-runner and sponsor on the proposed flotation of Carphone Warehouse. Corporate partners David Wootton and Helen Harrison are leading a team of 22 on the deal. Ashurst Morris Crisp and

  • Flotation

    3-Jul-2000

    Cleary Gottlieb Steen & Hamilton represented the Swedish Ministry of Industry, Employment and Communication, acting for the Kingdom of Sweden, on an offering of shares in national telecoms company Telia AB. Partner Sebastian Sperber led a team of two on the deal. Sullivan & Cromwell acted for Telia AB ...

  • Fraud expert Bueno quits Littleton

    3-Jul-2000

    Littleton Chambers is losing one of its top commercial silks less than six months after hiring him.

  • Freshfields moves CC to Canary Wharf

    3-Jul-2000

    Freshfields has scooped the work on Clifford Chance's City desertion - the first time it has worked on a major deal for its rival.

  • Gaining the Edge

    3-Jul-2000

    After shocking the legal world with their merger announcement, Hammond Suddards and Edge Ellison have decided that the best way forward is to emulate the pukka Macfarlanes. Abigail Townsend reports on whether the firms have anything in common.

  • Growing into success does not mean merger

    3-Jul-2000

    As every managing partner is painfully aware, the most difficult thing about strategy is its implementation.

  • Hooligans prove rights are not equal

    3-Jul-2000

    John Cooper says that attempts to expel English football fans from Euro 2000 infringe on human rights

  • It's been a bad week for

    3-Jul-2000

    Robin Cook. The Foreign Secretary faces being sued by former MI5 and reluctant French resident David Shayler. Cook had dismissed Shalyer's allegations of MI6's involvement in a plot to kill Libyan leader Colonel Gadafy in a BBC television interview. Shayler said:"Mr Cook's claims that my allegations were 'pure fantasy' will be exposed as defamatory as they induced people to conclude that I was inventing information to serve my own ends."

  • It's been a good week for

    3-Jul-2000

    Criminal suspects. In a surprise ruling, the USSupreme Court has reaffirmed that the police must read suspects their four fundamental rights, including the "right to remain silent" - the so-called "Miranda rights" beloved of US detective series. One of two dissenting judges said the decision "converts Miranda from a milestone of overreaching" into one of "judicial arrogance".

  • Landwell ups newly-qualified pay in aggressive hiring spree

    3-Jul-2000

    Landwell, PricewaterhouseCoopers' tied law firm, is raising its salaries for assistants to keep in line with the magic circle.

  • Legislation is overdue

    3-Jul-2000

    Mike Tyler, in his article "Corporate killing law misses the mark" (12 June), actually does something similar as regards his reasoning behind his criticism of the latest Corporate Homicide Bill.

  • Linklaters nabs Weil Gotshal partner to head Polish office

    3-Jul-2000

    Linklaters & Alliance has snapped up Weil Gotshal & Manges' Warsaw senior partner to co-head its Polish set-up.

  • Linklaters-Oppenhoffs tie suffers legal hitches

    3-Jul-2000

    Oppenhoff & Rädler's plans to merge with Linklaters & Alliance are being held up by a legal technicality, though the contract is expected to be completed for voting as early as next month.

  • Macfarlanes smashes magic circle pay scale

    3-Jul-2000

    Macfarlanes has upped the ante in the assistant salary war by raising its rates above magic circle levels.

  • Marconi courts national firms

    3-Jul-2000

    Telecoms and engineering giant Marconi is extending its panel to include cheaper non-City firms for the first time.

  • McGrigor Donald posts record profits

    3-Jul-2000

    McGrigor Donald has announced record financial results.

  • Olswang pioneers corporate finance house for assault on high-tech sector

    3-Jul-2000

    Olswang has broken new ground in the technology sector by becoming the first UK law firm to set up a corporate finance house. Known as LongAcre Partners, it is to be established as a joint venture with US investment bank JP Morgan.

  • Opportunities of the fast e-conomy

    3-Jul-2000

    They may no longer be the "guaranteed-route-to-being-a-millionaire" that they were presented as last year, but there is no sign of a slowdown in the rate of technology start-ups.

  • Pinsents' client base to shrink with rejig

    3-Jul-2000

    Pinsent Curtis is shaking up its client base as part of a national strategy review.

  • Placements

    3-Jul-2000

    Linklaters & Alliance represented Green Property Management and the Whitehall Fund on facilities to finance the acquisition of a portfolio of properties from P&O. The acquisition was effected through a joint venture between Green Property and Whitehall. Partner Philip Badge led a team of eight on the deal. Sullivan ...

  • Placements

    3-Jul-2000

    SJ Berwin acted for corporate finance adviser Arthur Andersen and broker Insinger Townsley on the placing and admission to trading on AIM of shares in BrainDock.com, a digital distributor providing e-commerce services for the sale and download of software content from the internet. Partners Jonathan Metliss and Delphine Currie led the team that worked on the placing, which raises over £2m.

  • Pope to quit 3 Verulam for Denton Wilde

    3-Jul-2000

    Top commercial chambers 3 Verulam Buildings is to lose David Pope to Denton Wilde Sapte's advocacy unit in mid-September after six years' service. Pope, who specialises in banking, general commercial disputes and commercial unit, will join as a barrister.

  • Property

    3-Jul-2000

    Clifford Chance represented Burford Holdings on the second and third lettings of Mayfair Place redevelopment. A 20-year FRI lease for 11,000sq ft has been signed with Brixton Estate at a rent of £650,000 per annum. 44,000sq ft have been let to commodity trader Glencore UK, which signed a 20-year FRI lease at an annual rent of £2.64m. Partner Cliff McAuley and senior assistant Robert Kingsmill advised ...

  • Quote of the week

    3-Jul-2000

    "I am delighted to see many of our customers here this evening, and would like to invite many more of you to give us a try in the future."- Peter Simons of the Bank of Ireland, sponsor of The Lawyer Awards, gets his money's worth with an oh-so-subtle speech.

  • Rozenberg

    3-Jul-2000

    One of the first books I bought as a law student was Salmond on Jurisprudence. It was the twelfth and last edition. All I remember of it is a hurriedly written note printed immediately after the preface. It quoted an announcement that the then Lord Chancellor, Lord Gardiner, made on 26 July 1966 "on behalf of himself and the Lords of Appeal in Ordinary". Even though the Lord Chancellor's announcement was released "on the eve of going to press", it was welcomed by the book's editor. "However," ..

  • Scuffle of the week

    3-Jul-2000

    Lee O'Brien v Mirror Group Newspapers. O'Brien is suing the newspaper for £50,000 plus interest, claiming breach of contract. O'Brien was one of 1,472 who claimed the £50,000 top prize in 1995 for a scratchcard game. His barrister Jonathan Crystal told the court that the game was 'fixed' so that no one could win. Claimants had to call a premium rate phoneline, making a profit for MGN. When there was more than one winner, a decision was taken to declare cards, including O'Brien's, void. ...

  • Singapore grants firms equity option

    3-Jul-2000

    The Singapore Law Society has given firms the formal go-ahead to accept equity in lieu of fees for the first time.

  • Steven Fogel

    3-Jul-2000

    After six years as alliance partners, Titmuss Sainer and Dechert Price & Rhoads have merged. Dearbail Jordan talks to senior partner Steven Fogel about how he will cross that great UK/US divide

  • Survival of the Fitzest

    3-Jul-2000

    As one of the busiest in-house lawyers in the UK, head of Cable &Wireless'M&A unit Dan Fitz combines doing the deals with managing a growing team. Tom O'Sullivan asks how he does it.

  • 'The elder statesman of the banking world'

    3-Jul-2000

    Rodgin Cohen

  • The Firm

    3-Jul-2000

    The Lawyer Awards, where a marvellous night was had by all - well, nearly all...

  • The great thing...

    3-Jul-2000

    The great thing about the so-called new e-conomy is that it has introduced a whole set of new euphemisms into business speak. Only last week, Amazon, that giant of e-commerce, the first great virtual retailer, and the subject of more MBA dissertations than any other company, saw its shares plummet by 20 per cent after fears that it could not sustain the sort of losses it continues to post.

  • The Winner's circle

    3-Jul-2000

    The winner's circle

  • Tite & Lewis lures lateral hire partner

    3-Jul-2000

    Ernst & Young's associated law firm, Tite & Lewis, is launching an onslaught on City firms by nabbing its first lateral hire partner.

  • Titmuss Sainer to drop lockstep pay

    3-Jul-2000

    Titmuss Sainer Dechert is dumping its lockstep pay structure in favour of a meritocracy policy as it finally merges with long-time US alliance partner Dechert Price & Rhoads.

  • UBS Warburg's global general counsel quits

    3-Jul-2000

    UBS Warburg Dillon Read is losing its global general counsel as he considers returning to private practice.