3 September 2001

The Lawyer

  • 3i outsourcing decision is sweet music for DWS

    3-Sep-2001

    Denton Wilde Sapte scooped 3i as a client on its £24m acquisition of a 20 per cent stake in Ministry of Sound.3i's in-house team handled the bulk of the transaction, but for additional due diligence work the company called in Dentons for assistance.The 3i panel consists of Macfarlanes, Addleshaw Booth & Co, Osbor

  • 9 and 28 St John St set to create NW behemoth

    3-Sep-2001

    Two Manchester chambers are in merger talks which if successful would create a 91-strong set, dwarfing local rivals.

  • A&O US securities partner rejects magic circle for Latham & Watkins

    3-Sep-2001

    Allen & Overy (A&O) is losing a US securities partner to Latham & Watkins, believed to be the first US partner to turn his back on the magic circle in London to return to a US firm.

  • Addleshaws takes on PFI outcasts from Buchanan

    3-Sep-2001

    City office doubles PFI capability; plans to overtake rivals already well underway

  • Andrew M Jackson

    3-Sep-2001

    How a Hull shipping firm is getting work from Paris lawyers

  • Ashursts ups US ante with Fried Frank talks

    3-Sep-2001

    In its first steps towards the US since the collapse of merger talks with Latham & Watkins, Ashurst Morris Crisp is negotiating with New York firm Fried Frank Harris Shriver & Jacobson with a view to working together on structured finance work.

  • Bad practices

    3-Sep-2001

    The number of negligence claims against lawyers is rising, putting a dent in firms' profits and sullying their reputations. Kathryn Hobbs reports on the importance of setting up safeguards

  • Barclays loses O'Connell to legal consultancy

    3-Sep-2001

    Barclays Bank's projects and operations director Des O'Connell is leaving the bank to join legal management consultants Sherwood PSF Consulting.

  • Bel Littlejohn strikes again

    3-Sep-2001

    Such is the power of The Lawyer's deputy editor Fiona Callister that when she speaks, lawyers listen. Take her recent Leader column (The Lawyer, 20 August) in which she berates whinging associates for failing to accept that earning mega-bucks means you actually have to do some work from time to time."If you're not prepared to accept everything that comes with the job, then work in a smaller practice or go in-house, but come to terms with living in Balham, not Islington. ...

  • Camerons turns tables for estate agent move

    3-Sep-2001

    CMS Cameron McKenna turned from client to adviser to help its estate agent move.The law firm's property team advised CB Hillier Parker on its move from London's West End to Paternoster Square, near St Paul's Cathedral. It is one of the first relocations away from the West End for a major property company.In 2003, staff from Hillier Parker's two city sites will take residence ...

  • Case study: DMH

    3-Sep-2001

    Art can play an important role within law firms as:

  • Chambers music

    3-Sep-2001

    What is it about karaoke machines? Mrs Tulkinghorn cannot sing for toffee, hates public speaking and never remembers the words to anything, not even her favourite band The Spice Girls. But once she sets her eyes on a karaoke machine, there's no stopping her, no matter how large the audience or the level of negative reaction. Much the same is clearly true for the senior members of 1 Crown Office Row. To celebrate their move to new premises a karaoke machine was hired, ostensibly ...

  • Coudert Brothers (Anne O'Neill) and Linklaters & Alliance advised Capital Shopping Centres
    Coudert Brothers (Anne O'Neill) and Linklaters & Alliance advised Capital Shopping Centres

    3-Sep-2001

    raising £550m for future investment from HSBC and Eurohype, advised by Allen & Overy.

  • CSFB nabs Davis Polk partner

    3-Sep-2001

    New York firm Davis Polk & Wardwell is losing one of its leading securities litigation partners to Credit Suisse First Boston (CSFB).

  • Deal of the week - Vinci/tbi A&O lands Vinci instruction in bid for airports company

    3-Sep-2001

    Allen & Overy (A&O) has pulled off a coup to win the instruction to advise construction group Vinci on its hostile bid for airports operator TBI. Although the firm has done small cap work for Vinci out of its Paris office, this is its first major deal out of London. The client approached corporate partner Alan Paul to advise on the £515.9m bid, for which offer documents were posted last week ...

  • Dechert advised Chamarel Associates

    3-Sep-2001

    on a £115.8m syndicated facility underwritten by Halifax and Nationwide Building Society, advised by Rowe & Maw (Nigel Walsh).Slaughter and May advised Shire Pharmaceuticals Group on a $350m ($240.7m) issue of convertible bonds, with lead managers Goldman Sachs and Bear Stearns advised by Cleary Gottlieb ...

  • DLA takes pro bono to Midlands and Liverpool

    3-Sep-2001

    DLA is rolling out its legal pro bono scheme to the West Midlands and Liverpool.

  • Dotcom crisis forces Valley law firms to ditch hundreds

    3-Sep-2001

    Silicon Valley giant Cooley Godward is laying off 86 lawyers in the biggest move yet to result from the collapse of corporate work.

  • Down to a fine art

    3-Sep-2001

    An increasing number of law firms are collecting quality works of art to display around their offices. Richard Cree asks whether the right image can help motivate your staff

  • Eversheds completes PFI deal in rapid time

    3-Sep-2001

    Eversheds and Addle-shaw Booth & Co have closed one of the fastest PFI deals ever.It took only 18 weeks from the appointment of a preferred bidder for Jarvis, advised by Addleshaw Booth & Co, to complete a deal to design, build, finance and operate a new community learning centre for the city of Sunderland. The city council was advised by Eversheds partners Mark Dillon and Graham Burns.The ...

  • Examining your doings

    3-Sep-2001

    Tulkinghorn is bemused by the professions from which people come into the law and by those who leave it to do something totally different. Take Polly Browne, formerly a partner at Gordons Cranswick, who has stumbled on a rather unusual gap in the market - selling charitable Christmas cards to businesses. One wonders how on earth a career in the law could make one an authority on Christmas cards, let alone charity.If any reader knows of those tempted away by other unusual pursuits, ...

  • Finance

    3-Sep-2001

    There's something a bit smug about Allen & Overy (A&O), Link-laters & Alliance and Clifford Chance when they talk about European medium-term note (MTN) programmes. Not only have they captured the market, but they are now squeezing out the competition. Voluntarily or involuntarily, competitors are deciding ...

  • Hammonds lures Eversheds partner

    3-Sep-2001

    Hammond Suddards Edge's Birmingham office is poaching a high-profile senior employment partner from rival firm Eversheds.

  • In the firing line

    3-Sep-2001

    When the bar's immunity from being sued was abolished, many feared that claims would spiral out of all control, but Brendan Malkin finds the floodgates have not opened - at least not yet

  • Ince & Co steams in for Hamburg office

    3-Sep-2001

    Local market reels as UK firm raids Dabelstein & Passehl to conquer Germany

  • Keoghs closes in Southampton

    3-Sep-2001

    Keoghs has been forced to close its Southampton office.

  • Latham & Watkins acts for Ipswich FC investors

    3-Sep-2001

    Latham & Watkins has won its way back into the burgeoning football club ticket receivables securitisation market after closing its second of only four deals.The firm closed the £25m bond issue by Ipswich Town FC, advising the unnamed institutional investors in the deal.All four of the receivables securitisations so far undertaken by UK football clubs - Newcastle United, South-ampton ...

  • Leader

    3-Sep-2001

    You can put it down to the British attitude towards conspicuous success if you like, but there's always been something about Olswang that irritates the hell out of the rest of the legal market.

  • Legal Widow

    3-Sep-2001

    The Lawyer and I have entered that school reunion website, taking over office web space like Japanese knotweed, although it meant creating a whole new email address for him, as I'd logged on first, and he had to use his school nickname, which was Speccy. Poor lad.What I found, when I logged on to the past, was that I hardly recognised anyone there. Either no one in my year is computer literate, or my school days were populated by a whole load of imaginary friends. Who the hell ...

  • Lewis Silkin takes on head of legal from major client TBWA

    3-Sep-2001

    Lewis Silkin has poached the head of legal of one of its major clients, advertising and marketing agency TBWA.

  • Linklaters set to take private equity step

    3-Sep-2001

    Linklaters & Alliance is poised to hire a highly-rated partner from SJ Berwin to spearhead a move into the private equity market.

  • Lovells (John Davidson, Laurence Garside) advised SAB Finance

    3-Sep-2001

    on UK law on a $500m (£343.85m) convertible bond. Linklaters & Alliance (Nick Eastwell) advised joint lead managers JP Morgan Securities.

  • Lovells' focus on Portuguese projects pays off with EIB job

    3-Sep-2001

    Lovells has broken new ground in Portugal, acting for the European Investment Bank (EIB) on the first monoline-wrapped bond refinancing of a Portuguese shadow toll road (Scut) project.Refinancing arrangements comprise a euro130m (£81.44m) loan from the EIB, a euro126.5m (£79.25m) bond issue and a working capital facility of euro25m (£15.66m), which is provided by Banco Santander Central Hispano and HypoVereinsbank. The EIB loan and the bond issue are guaranteed ...

  • Milbank Tweed Hadley & McCloy (Glenn Gerstell) advised Telemar

    3-Sep-2001

    n a $1.425bn (£980m) financing, with lead arranger ABN Amro Bank advised by Mayer Brown & Platt (Douglas Doetsch).

  • Minters brand spreads over Asia

    3-Sep-2001

    The Minter Ellison brand name has swallowed up three firms in New Zealand, Thailand and on the Australian Gold Coast.

  • Mishcons brings in SAS to attack investigations

    3-Sep-2001

    Former SAS, police and government investigators steer the line between 'evidence' and 'intelligence'

  • Moving experience

    3-Sep-2001

    After spending 15 years at Nabarro Nathanson, Nigel Heilpern is off to Paul Hastings as UK head of property, and he just can't stop talking about closed ended funds

  • Nabarro Nathanson (Susan McKenna) advised London Development Agency

    3-Sep-2001

    to complete a development agreement with Development Securities for the phased £500m development of the Royal Business Park at the Royal Albert Dock in London. Development Securities advised by Linklaters & Alliance (Anne Byrne, Robert Finch).

  • NE merry-go-round as Read Hind partner quits

    3-Sep-2001

    Leeds firm Read Hind Stewart has lost one of its most senior partners Andrew Laycock to Leeds and Hull firm Garwood Devine.

  • On guard

    3-Sep-2001

    Professionals may be heading for troubled waters as immunities evaporate and areas of liability continue to expand. Mark O'Callaghan reports on four cases that lawyers should be aware of

  • Osmosis extraordinaire

    3-Sep-2001

    Mark Stephens, the media luvvie extraordinaire (sorry, that should be media lawyer extraordinaire), has been having a little bit of a problem with his siblings of late.It seems that our Mr Stephens has annoyed his sister with the effortless zeal with which he seems to achieve things. Not through any fault of his own, you understand, but because his enduring popularity and brilliance on all things media has led to East London University awarding him a doctorate (presumably in law, ...

  • Perky Pinkie

    3-Sep-2001

    There are serious dangers in conducting lunches with journalists in a firm's own restaurant. For the journalist, having become used to fine eating in the most salubrious establishments (such as Spudulike), the main danger is obvious: sub-standard food (although in the following example, the journalist in question assures Tulkinghorn that the salad was of very reasonable quality and plentiful).More serious dangers await those eating and meeting on their own doorstep. Take ...

  • Securitisation boom sparks Asia firms to push for change

    3-Sep-2001

    South-east Asian countries are under pressure from lawyers to change laws governing securitisation to protect the sapling market.

  • Shadbolt furthers international reach with offices in Greece and Tanzania

    3-Sep-2001

    Construction firm Shadbolt & Co has become the latest firm to strive for an increased global presence.

  • Sidleys hits top spot for US debt and equity deals

    3-Sep-2001

    The newly merged Sidley Austin Brown & Wood has won out as the leading law firm advising on US investment banking and capital markets deals.

  • SIF demise sees Cripps Harries Hall take on claimant PI work

    3-Sep-2001

    Shedding of previous conflicts provides opportunity to retain claimant work; new fee arrangements a boost

  • Simon Neilson-Clark

    3-Sep-2001

    Until recently it was an undisputed assumption that secu-red lenders held a top position within formal UK insolvency procedures and this position led to a similar position of dominance within the restructuring world.In July a white paper arrived from the newly appointed Secretary of State for Trade and Industry which set out the two gods of "Productivity and Enterprise" in all their glory. The main corporate insolvency reform is that administrative receiverships are to be abolished ...

  • SJ Berwin (Jonathan Metliss, Michael Goldberg) and Patrick F O'Reilly & Co (John Mark Downey) advised ITG Group
    SJ Berwin (Jonathan Metliss, Michael Goldberg) and Patrick F O'Reilly & Co

    3-Sep-2001

    on its placing and open offer of eight million new ordinary shares to raise euro36.2m (£22.68m). UK joint sponsors and stockbrokers Grant Thornton and Insinger Townsley advised by SJ Berwin (Tandeep Minhas). Irish joint sponsors and stockbrokers Goodbody Corporate Finance and Goodbody Stockbrokers advised by ...

  • SJ Berwin and Slaughter and May advised BL Davidson

    3-Sep-2001

    in an initially hostile but now recommended £231.7m takeover of Asda Property Holdings, which was advised by Ashurst Morris Crisp (Roger Walsom, Robert Ogilvy Watson).

  • Speechly Bircham (Stephen Armstrong) advised Crédit Lyonnais Securities

    3-Sep-2001

    on a placing of shares in the Sport Entertainment & Media Group and its proposed admission to AIM. Sport Entertainment and Media Group advised by Howard Kennedy (Michael Harris).Taylor Joynson Garrett (Tim Stocks) advised Synergy Healthcare on its £8.7m placing and AIM admission. Nominated adviser and broker Brewin Dolphin Securities advised by Davies Wallis Foyster (Andrew Needham).

  • The Personnelity

    3-Sep-2001

    The internet has transformed our lives. Office life, in particular, will never be the same.

  • Theodore Goddard (Jayesh Patel) advised DG Bank Deutsche Genossenschaftsbank

    3-Sep-2001

    on the £33.9m financing of the acquisition of a substantial Oxford Street building, currently let to French Connection. Undisclosed purchaser advised by Taylor Joynson Garrett (Simon Lovell), undisclosed vendor advised by Lovells (Peter Farell).

  • Too big for their boots

    3-Sep-2001

    The latest tactics used by David Ginola have sparked outrage from fans and another debate on footballers' rights under European law. Jon Robins asks: has player power gone too far?

  • Top CC HK partner to join Eversheds

    3-Sep-2001

    Eversheds has achieved a major feat as it takes on a leading financial services partner from Clifford Chance's Hong Kong office.

  • Under cover

    3-Sep-2001

    Following the demise of SIF, Aon Claims Solutions decided to second private practice lawyers rather than have its own in-house team. Fiona Callister finds out how the scheme is going

  • White & Case and Schönherr Barfuss Torggler & Partner advised Andritz

    3-Sep-2001

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  • Wragge & Co (Julian Henwood) acted for SRS Technology Group

    3-Sep-2001

    on its admission to AIM. Numis Securities was nominated adviser and broker, and was advised by Pinsent Curtis Biddle.