3 June 2002

The Lawyer

  • …as the firm boosts corporate tax in Berlin

    3-Jun-2002

    The Berlin office of Hammond Suddards Edge has hired corporate tax lawyer Jens Uwe Hinder from German auditing firm Schmidt in a move that will give the office a new capability in corporate tax law.Hammonds opened in Berlin and Munich in April 2001, just prior to its approval of the merger with Paris firm Hausmann & Associés, in order to focus on corporate, banking, intellectual property, construction and property. The Berlin office, headed by managing partner Frank Walter ...

  • A&O gets closer to Lloyds TSB as Linklaters scoops Land Securities

    3-Jun-2002

    Allen & Overy (A&O) has advised the lead arrangers on a £1.5bn loan to Land Securities - the UK's largest property company.A&O is acting for Lloyds TSB Capital Markets, Barclays Capital, the Royal Bank of Scotland and Salomon Brothers International.Land Securities is taking out the loan to return more than £500m of capital to shareholders, and is using the balance as working capital.A&O banking partner Trevor Borthwick led the deal. He ...

  • A&O wins new US capability with NY hire

    3-Jun-2002

    Allen & Overy (A&O) is taking on a senior property partner in New York, giving it new capability in the US and boosting its global corporate and structured finance practices.Kevin O'Shea joins from Paul Hastings Janofsky & Walker, where he has been a partner for the last 10 years.At Paul Hastings, O'Shea headed the real estate finance group and co-headed the real estate group. At A&O he will set up a practice focusing on real estate debt and equity ...

  • AAR lures Deacons ex-snr partner

    3-Jun-2002

    Slaughter and May's Australian best friend Allens Arthur Robinson (AAR) has poached former Deacons Australia senior partner Andrew Martin

  • Bingham and McCutchen Doyle merge to create Boston's biggest

    3-Jun-2002

    After eight months of talks Bingham Dana partners vote for merger; link-up creates 820-lawyer firm

  • Birkett Long in management rejig

    3-Jun-2002

    Birkett Long has unveiled the results of its management reshuffle. Chris Holmes (left), who has been managing partner at the Essex firm since 1995, will become senior partner. Current senior partner Tony Frost (centre) will return to being a partner after 23 years in the job. Philip George (right) succeeds Holmes as managing partner.

  • BLP advises London & Amsterdam on Chester retail site

    3-Jun-2002

    Berwin Leighton Paisner (BLP) is forging ahead with developer client London & Amsterdam's plans for the largest ever development in Chester, aimed at creating a new retail heart

  • BLP plans to boost hospitality with star hire from Garretts

    3-Jun-2002

    Berwin Leighton Paisner (BLP) hopes to gain a string of new leisure and hospitality clients after hiring a high-profile hotels partner from Andersen Legal's disbanded law firm Garretts.Andrew Little is a former general counsel for Holiday Inns International and was a partner in Field ...

  • Burges Salmon fee income up six per cent

    3-Jun-2002

    Burges Salmon has posted a gross fee income of £31.8m for the financial year 2001/2, marking an increase of 6 per cent. The previous year produced a more dramatic 20 per cent, taking turnover up to £30m. First revealed on www.thelawyer.com/lawyernews.

  • Carlson Marketing chooses Hobsons

    3-Jun-2002

    Niche London technology practice Hobson Audley has won a lucrative pitch to advise the UK arm of Carlson Marketing Group, the world's leading relationship marketing agency - thanks to its US relationship firm.US firm Faegre & Benson, a multinational partner of Hobson Audley, already acts for the US side of the business.Hobson Audley's innovation and technology group, led by Robert Bond, was contacted three months ago by the group to ask if the firm would attend ...

  • Cast of thousands on NCP buyout sees Ashursts pip Lovells to win bid

    3-Jun-2002

    The $1.2bn (£821.6m) buyout of National Car Parks (NCP) has kept numerous corporate, property and finance lawyers busy for the last couple of months. Two of the key players, NCP's owner Cendant and successful bidder Cinven, were represented by their long-term advisers Skadden Arps Slate Meagher & Flom and

  • CC and Deloittes run up £2m on ITV Digital

    3-Jun-2002

    Creditors' meeting scheduled for 13 June; Hobson Audley drafted in for employees

  • Charles Russell shakes up equity

    3-Jun-2002

    Charles Russell has restructured its equity partners' remuneration package after an impressive financial year.The firm's turnover rose by 17 per cent and profits per partner went up 9 per cent. Previously, equity partners received an extra £20,000 for each year spent on the lockstep, up to a maximum of six years. They will now receive extra points each year, and the value of the points will ...

  • Clifford Chance fiddles with lockstep to win Brobeck team

    3-Jun-2002

    Just as the magic circle firm says goodbye to the five Grimaldi superpointers, in come five more with a special pay deal

  • Clyde & Co boasts a ten per cent turnover rise

    3-Jun-2002

    Contentious insurance and international work gives boost to performance figures

  • Clyde & Co gains exclusive access to Dubai's free zone

    3-Jun-2002

    Clyde & Co has set up an office in the Dubai free zone, while other firms have been denied entry by the government.Involvement in Dubai's free zones is beneficial for lawyers as they attract a higher proportion of multinational companies than elsewhere in Dubai because of the advantages they provide to foreigners. Commentators expect an investment boom in all three free zones in Dubai.Anthony Garrod, managing partner of Clyde & Co's Dubai office, which ...

  • Conflicts force Rotch to expand legal panel

    3-Jun-2002

    Herbert Smith, Lovells, Norton Rose, SJ Berwin, Wragges to benefit from review

  • Constants launches new Piraeus practice

    3-Jun-2002

    Shipping specialist Constant & Constant has opened an office in Piraeus, Greece, a move attributed in part to the decline of entrepreneurial shipping activity in the UK

  • Court of Appeal ruling sparks rental downturn

    3-Jun-2002

    A Court of Appeal decision may lead to a rise in vacant properties and sub-tenants paying rents that exceed the current market rates

  • Crossrail chooses Ashursts for rail planning

    3-Jun-2002

    Ashurst Morris Crisp has been appointed by Crossrail as planning adviser on London's east-west rail link. Partner Tony Curnow is leading the work that will focus on each end of the line, where exact routes have yet to be agreed. The central London stretch from Liverpool Street to Paddington has already been finalised.

  • DEAL OF THE WEEK - UNITED UTILITIES

    3-Jun-2002

    Eversheds meets magic circle on UK utilities deal

  • Deals summary

    3-Jun-2002

    Norton Rose (Vincent Keaveny) advised Deutsche Bank on the securitisations of Portuguese consumer loans and leases. In the first transaction the portfolio of loans was securitised in a special purpose Portuguese fund, which issued units to an Irish special purpose company, which then issued e150m (£95.2m) notes, due 2012. In the second transaction the portfolio was also securitised into a special ...

  • Deals summary

    3-Jun-2002

    Hammond Suddards Edge advised Hemingway Properties on the sale of Templars Square Shopping Centre in Cowley, Oxford, to new company Templars Square. Taylor Joynson Garrett (Adam Marks) advised Templars Square.CMS Cameron McKenna (Mark Heighton) advised Taylor Woodrow on the disposal of Ankerside Shopping Centre in Tamworth, Staffordshire for £21m to CML Tamworth. Clyde & Co (Aidan Heathcote) ...

  • Deals summary

    3-Jun-2002

    SJ Berwin (Jonathan Blake) advised Fleming Family & Partners and Gordon House Asset Management on an acquisition of 30 per cent of Imperial College of Science, Technology and Medicines shares in 36 spin-out companies. Imperial College advised by Bird & Bird.Rosenblatt (David Fairfield) advised the ...

  • Dentons targets top clients to thwart profit slowdown

    3-Jun-2002

    Denton Wilde Sapte is targeting top clients including Virgin, Royal Bank of Scotland (RBS), Shell and London Electricity for more work as part of a firmwide review to raise profits. It is also pushing departmental heads to raise group profits any way they can after a disappointing financial year.In 2001/02, Dentons' profits per partner rose by a modest 2 per cent to £336,000 per year. Mid-tier rival CMS ...

  • Developing countries

    3-Jun-2002

    As Eastern European countries prepare for entry to the EU, expensive development is needed. Anthony Fine and Cathy Harris look at PPPs as the way forward

  • Disability Rights Commission takes on QC

    3-Jun-2002

    The Disability Rights Commission has appointed leading employment barrister Robin Allen QC as a special legal adviser to the European Commission's legal committee. Allen is a member of Cloisters chambers. He is also a member of the executive committee of the Discrimination Law Association and chair of the Bar Pro Bono Unit. First revealed on www.thelawyer.com/lawyernews.

  • Doctor of war

    3-Jun-2002

    Tulkinghorn was astonished to learn from Donoghue Snail, his opposite number on Lawyer 2B - The Lawyer's student offering - that disgraced Ireland football captain Roy Keane has just been awarded an honorary doctorate in law. With absolutely impeccable timing, University College Cork has conferred the degree in recognition of Keane's services to football over the years. Dr Keane's relationship with the law is well documented, beginning with his first arrest in 1992, to ...

  • Duty-bound

    3-Jun-2002

    This year's budget signalled the end for structures devised to avoid stamp duty on property sales. Jonathan Evans reports on the implications for lawyers

  • Equant Group legal chief defects to SJ Berwin

    3-Jun-2002

    SJ Berwin has hired Equant Group's chief counsel for western Europe Maurice Murphy for its commercial department. Murphy has spent the last 10 years in the telecoms industry working for companies including National Grid, Energis, Mercury Communications and Bell Cable Media. Murphy is an Irish-qualified barrister and will be made up to partner at SJ Berwin in the autumn, subject to requalification. ...

  • Eversheds scores Glisten as client over Hammonds

    3-Jun-2002

    Eversheds has picked up niche food company Glisten as a client after pitching against national rival Hammond Suddards Edge.The firm is advising on Glisten's float on AIM next month for an expected value of £13m-£14m.The float will raise capital for the company's acquisition of the Glisten Company, a speciality maker of edible decorations, chocolate and sugar-coated products, ...

  • Ex-Richards Butler chief joins 3-4 South Square

    3-Jun-2002

    A former head of Richards Butler's finance and banking department has joined Michael Crystal QC's specialist insolvency chambers 3-4 South Square.Colin Bamford will specialise in advising on capital markets, financial transactions and regulatory matters, at a time when 3-4 South Square is developing its international advisory work in these areas.The Bar Council has provided an exemption allowing Bamford to do only three months of the usual 12 months required for ...

  • FENWICK ELLIOTT

    3-Jun-2002

    Growth is planned for Fenwicks as a new senior partner takes the reins

  • Fruits of labour

    3-Jun-2002

    Trevor Soames, the new head of Howrey Simon's Brussels practice, talks to Kathryn Hobbs about how being arrested led him to a career in law

  • Gunderson axes eight associates

    3-Jun-2002

    West Coast firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian has axed eight associates in its second round of layoffs

  • Hammonds mergers see profits take a tumble…

    3-Jun-2002

    Hammond Suddards Edge has recorded a sharp drop in profits after completing three mergers and opening two international offices this financial year.The firm has recorded a 2001-02 turnover of £135m. But average profits per partner dipped by 11 per cent, from £305,000 to £275,000. The profit margin was 20 per cent.Managing partner Chris Jones said he was pleased with the results, having completed mergers with Wildes and Townleys in London, Haussmann & Associés ...

  • Head in the clouds

    3-Jun-2002

    Tulkinghorn is not in good spirits this week. He always thought he had the biggest toy in town, but no longer. Nick Pike, an insolvency partner from Lawrence Graham, has the keys to a DC10 in his pinstripe suit, which as Tulkinghorn writes is parked in one of the designated areas usually reserved for hijacked planes at Heathrow Airport.The plane cannot take off again until satisfactory settlement ...

  • Herbert Smith handles first Neta deal

    3-Jun-2002

    Herbert Smith advised Centrica on its acquisition of the rights to the output of an 860 megawatt gas-fired power station being built in Spalding, Lincolnshire. The deal marked the first time a power station had been financed under the New Electricity Trading Agreements (Neta).Centrica has entered into an innovative tolling agreement with Intergen, which has operational responsibility for the plant. Intergen was advised by

  • Heuking hires four for return to Munich

    3-Jun-2002

    German firm Heuking Kuhn Luer Heussen Wojtek is taking on four partners to open an office in Munich

  • Indemnity market in turmoil as Wellington pulls out

    3-Jun-2002

    In a move that will send shockwaves through the market, Linklaters' professional indemnity (PI) insurance provider is leaving the PI market. The withdrawal of Lloyd's of London syndicate Wellington Underwriting threatens to force up further the cost of indemnity premiums.Wellington's departure was based on a decision to focus on more profitable areas. Deputy chief underwriter David Foreman said: ...

  • Information to choo over

    3-Jun-2002

    All firms take note. Norton Rose needs to be congratulated on its successful sponsorship of the Heineken Cup, an event that led to a superb day out for Tulkinghorn and his merry men and women.The trip to the Millennium Stadium in Cardiff to see the Leicester Tigers beat Munster in the championship final surpassed all expectations, and puts Norton Rose second to none on the corporate entertainment ...

  • Insurance

    3-Jun-2002

    It's that time of year again. The results of a year-long endeavour are awaited and while jubilation awaits the winners, heartache and a 'maybe-next-year' mentality beckons to the losers. Eurovision has been and gone, but The Lawyer Awards - the definitive reckoning of law firm performance - still have to be decided.Insurance firms do not have their own awards category, preferring to enter for litigation or corporate team of the year. So, for one column only, and ...

  • Last Garretts heavyweight finds Lovells

    3-Jun-2002

    Lovells has hired Simon Atiyah, the last of Garretts' big-name practising partners. The only Andersen Worldwide partner yet to find a new position is ex-managing partner Tony Williams.A source at Garretts said there was more good news, because the firm's financial projections indicate that existing liabilities can be covered without partners' equity taking a hit.Atiyah, an investment funds lawyer whose clients include Invesco, Schroders and Lloyds TSB, joins ...

  • Law on tap

    3-Jun-2002

    JD Wetherspoon's exponential growth keeps not just its six-strong legal team busy, but a whole bevy of law firms to boot. Caroline Davies talks to legal director Nick Cooper

  • Law Society launches mediation panel

    3-Jun-2002

    The Law Society is launching a civil and commercial mediation panel. The panel goes live today (28 May). The aim is to help lawyers and their clients find mediators who are quality assured by the Law Society. Criteria for panel membership follow ethical, training and practice standards developed by the Law Society for solicitors practising as mediators. First revealed on www.thelawyer.com/lawyernews.

  • Lawrence Graham wins Andersen Legal lawyer

    3-Jun-2002

    Lawrence Graham has hired Lance Feaver from Andersen Legal. Feaver has joined the company and commercial department as a partner. He had been an equity partner at Andersen since 1996, where his practice focused on UK and European inward investment projects.

  • Leader

    3-Jun-2002

    A rundown of commercial property's big guns used to go something like this: in at number three was Freshfields, at number two came Lovells and sharing the top spot were Linklaters and Clifford Chance, for obvious reasons. No one else came near this international superleague in terms of sheer commitment to real ...

  • Learning curve

    3-Jun-2002

    Education law - the next big thing? A rising number of claims against schools and universities has already prompted some firms to launch dedicated education departments. Jennifer Currie reports on an emerging market

  • Lincoln's Inn compromises with tenants in rent rise row

    3-Jun-2002

    After months of dispute and the threat of further court action, some 30 chambers and their landlord Lincoln's Inn have forged an agreement over rent rises.Lincoln's Inn has been attacked for trying to increase rates by 80 per cent, way above the rates of other Inns and even the price of commercial leases in the vicinity.Last week the two sides agreed to an approximate increase of 50 per cent, 30 per cent less than the amount the Inn was fighting for. Although tenants ...

  • Milbank retains Enron role

    3-Jun-2002

    Milbank Tweed Hadley & McCloy has seen off a challenge to its role as legal adviser to the creditors' committee in the Enron Corporation bankruptcy

  • Nomura lawyer joins Cadwalader

    3-Jun-2002

    Nomura International has lost the head of its transactions legal department, Tom O' Riordon, to the London office of Cadwalader Wickersham & Taft.O'Riordon, who is a barrister by training, will join the firm at the beginning of July as a senior special counsel. He will work with Stephen Mostyn-Williams, head of the London and international banking and finance practice, who joined the firm in March (The Lawyer, 18 March) and James Croke, head of international capital ...

  • Olswang hires Holman Fenwick partner

    3-Jun-2002

    Olswang has taken on Holman Fenwick & Willan partner Steven Baker. He will join the commercial litigation team as a partner. Baker specialises in contentious technology work. This hire is the latest development in the technology, media and telecoms firm's expansion phase. First revealed on www.thelawyer.com/lawyernews.

  • One rule fits all?

    3-Jun-2002

    The Government's efforts at standardising PFI procurement have been met by fierce opposition. But is the time for compromise is here

  • Opinion

    3-Jun-2002

    The National Audit Office's announcement that £4.5bn of the NHS's £40bn allocation has been set aside to meet clinical negligence claims has caused consternation among commentators.The cost of an estimated 850,000 clinical negligence claims has grown from £50m to £4.4bn per year in the past five years. Last year's increase was £500,000, with the warning that if the NHS had to pay the full bill, the total could double. Putting this money ...

  • Partnering

    3-Jun-2002

    Partnering has been a topic of interest to the UK construction industry for the last decade or so and is likely to remain under the spotlight for some time

  • Planning application time limits reach High Court

    3-Jun-2002

    A planning case in which the Lords ruled that Government policy on time limits should be referred to the Rul-es Committee is now due to be heard before the High Court

  • Pykett in tramp shock

    3-Jun-2002

    Tulkinghorn would be first to admit that the highs and lows of the legal world can be enough to drive a man to inebriation once in a while. Dedicated law firm marketeer Oliver Pykett is no exception.For those who don't know him, young Pykett pursued an illustrious career at the likes of Allen & Overy, Hammond Suddards Edge and White & Case before heading out of the City to raise Pykett junior in the West Country, where he was snapped up by

  • Reynolds Porter scores huge profits increase

    3-Jun-2002

    significant additions to the firm.

  • Slaughters walks on water

    3-Jun-2002

    When Tulkinghorn visited the ultra-modern Slaughter and May offices in Bunhill Row last week, he was amazed to learn that several pairs of plain black men's socks are kept discreetly behind the front desk in the reception area.Tulkinghorn wondered if this was the equivalent of a gentleman's club keeping ties for improperly attired guests. However, it transpired that the socks ...

  • Spot The Lawyer

    3-Jun-2002

    A special competition this week in honour of the Jubilee. All you have to do is to correctly identify the famous TV series in which The Lawyer played a starring (albeit fleeting) role sometime over the last two weeks. A plate of pie and liquor to the winner (just a subtle hint).

  • The big six

    3-Jun-2002

    As with just about every other facet of life, the Human Rights Act has found its way into property law. Joanna Goldsworthy looks at the effect on planning applications

  • The World Cup blues

    3-Jun-2002

    It's not every day that a lawyer gets awarded The Order of the Sacred Treasure, Gold Rays with Rosette by His Majesty the Emperor of Japan. But after spending nigh on 40 years fostering relations between the US and Japan, which included setting up and running an office in Tokyo, Baker & McKenzie's senior counsel Jack Beem would appear to be a deserving recipient of such an honour.Nevertheless, Tulkinghorn reckons Beem must be a bit upset at the choice of location ...

  • Uncivil service

    3-Jun-2002

    Local councils will do anything - even break the law - to protect their monopoly on conveyancing. Suzanne Hart investigates

  • William Sturges consultant joins Rooks Rider

    3-Jun-2002

    William Sturges & Co consultant Elizabeth Paris has moved to Rooks Rider. She joins the firm as a partner in the property department, taking the total number of partners to 15. Rooks Rider has also recruited a Cumberland Ellis Peirs associate to its family team.