30 July 2001

The Lawyer

  • ... as litigation partner opts for Brabners

    30-Jul-2001

    Halliwell Landau commercial litigation partner Paul Morton has joined North West firm Brabners as a salaried partner.

  • 7 Bedford Row snr clerk steps down

    30-Jul-2001

    After serving nearly 12 months notice, Chris Owen, 7 Bedford Row's highly respected senior clerk, is finally leaving chambers.

  • A redhead and a red face

    30-Jul-2001

    Seeing through a merger is terribly time-consuming and it is inevitable that those at the forefront might miss out on what is going on in the wider world.But the formation of Berwin Leighton Paisner does not suffice as an explanation for why Harold Paisner seems to have let popular culture pass him by for the last decade or so.He recently attended a charity function for Whizz ...

  • A view from frankfurt

    30-Jul-2001

    When the Neuer Markt, Frankfurt's segment for growth stocks, was launched in March 1997, it was welcomed as Europe's first serious answer to Nasdaq and a boost for Germany's embryonic equity culture.

  • A&O completes multijurisdictional acquisition financing for Dresdner

    30-Jul-2001

    Allen & Overy (A&O) banking partner Peter Schulz has just closed the syndication of a euro650m (£399.4m) multijurisdictional acquisition financing for Dresdner Kleinwort Wasserstein.Schulz led the team that advised on the loan facility to the German-incorporated subsidiaries of South African fuels and chemical company Sasol, in connection with its acquisition of the entire chemicals business ...

  • BDO awaits permission for legal spin-off

    30-Jul-2001

    The Dutch member of international accountants and tax consultancy BDO is awaiting approval from the bar association to spin off its legal department to form an independent firm.

  • Beiten-Simmons merger talks hanging by a thread

    30-Jul-2001

    Troubled German firm BBLP Beiten Burkhardt Mittl & Wegener has held an emergency meeting for its partners to discuss the future of the firm, following Simmons & Simmons' decision to put merger talks on hold.

  • Bracknell Forest Borough Council

    30-Jul-2001

    This first-ever smart card deal for a local authority saw Nabarro Nathanson act for new client Bracknell Forest Borough Council in its £3.3m deal with BT Ignite Solutions. The council is taking advantage of its location in the M4 Corridor to press ahead with this high-tech innovation. As a result of the joint enterprise, Bracknell Forest residents will be able to use just one card to access a number of ...

  • Bray upbeat as CC US figures show promise

    30-Jul-2001

    Clifford Chance's US practice recorded exactly the same increase in turnover as the UK practice did last year.

  • Bucking the trend

    30-Jul-2001

    Jacqeline Richomme and Julia Chapman report on Jersey's strength in private equity.

  • Burges Salmon tops £30m mark

    30-Jul-2001

    Bristol firm Burges Salmon has recorded an impressive 25 per cent growth in turnover, taking it through the £30m barrier.

  • Car wars

    30-Jul-2001

    The Mercedes litigation may have settled, but there was no love lost between the two sides - or their lawyers. Brendan Malkin reports on the row and asks: have DaimlerChrysler and Richards Butler come away with egg on their faces?

  • CC proves its value to Rotch

    30-Jul-2001

    Clifford Chance has won a much coveted place on the new panel of property giant the Rotch Group, after satisfying concerns that it would not be cost effective.

  • Clarks

    30-Jul-2001

    The winds of change are blowing the right way for Clarks

  • Cleaning up their act

    30-Jul-2001

    Some believe Law Society chief executive Janet Paraskeva is giving the society a spring clean, while others believe she is denting it all out of shape

  • Client lures Nabarros partner away

    30-Jul-2001

    Nabarro Nathanson is losing one of its up-and-coming corporate talents to venture capital client Benchmark Capital.

  • Coats secures a management buyout of its Coats Viyella Branded Menswear business for an undisclosed sum, funded by the Royal Bank of Scotland, GMAC and private investors.

    30-Jul-2001

    Coats advised by Eversheds (Leila Porter). GMAC advised by Hammond Suddards Edge. The Royal Bank of Scotland advised by Freethcartwright. Management advised by Russell Cooke Potter & Chapman.

  • Deal of the week - FA Premier League

    30-Jul-2001

    Denton Wilde Sapte picked up more work from longstanding client FA Premier League in this latest rights deal. Following on the heels of audiovisual deals concluded last year, FA Premier League has entered into pay-per-view (PPV) rights deals with BSkyB, Telewest, NTL and ITVdigital in respect of the Premiership competition, for an undisclosed figure. In an unusual twist to the standard PPV arrangements for individual events, this is the first time in the UK that the rights to an entire ...

  • Dickinson Dees outgrows North East

    30-Jul-2001

    Dickinson Dees has revealed turnover figures of £26m.

  • DLA targets banks before downturn

    30-Jul-2001

    DLA litigators are set to target 110 UK-based banks in a campaign to drum up work in the light of the predicted economic downturn.

  • Eversheds' turnover up 7 per cent

    30-Jul-2001

    Eversheds has posted a slight increase in turnover for the last financial year.

  • Finance

    30-Jul-2001

    Barclays Capital has never been hot on the lips of securitisation lawyers, but Robert Palache's decision to move there from Nomura will undoubtably change that. In the past 12 months most banks, particularly investment banks, have been a bit sparse on the recruitment front. But not Barclays. No, Barclays has been on a hiring spree.Everyone said that Barclays was making a mistake when it decided to concentrate on fixed income and sold its equity practice to Credit Suisse First ...

  • Finnish publishing company Sanoma gets two credit facilities worth euro1.2bn (£737.5m) from Goldman Sachs and Nordea to support its purchase of the Consumer Information Group magazine business fr

    30-Jul-2001

    Sanoma advised by Hannes Snellman (Juhani Makinen). Goldman Sachs and Nordea advised by Allen & Overy (Stephen Gillespie).

  • Fiona Callister, deputy editor

    30-Jul-2001

    While Chancery Lane has never exactly been quiet in the gossip department (remember the "dog turd" spat a couple of years ago?), since the arrival of Janet Paraskeva, the Law Society's newish chief executive, there has been a deafening sound of noses being put out of joint.Some of this is inevitable as the sleepy hollow needed to sort out its act. But recently, timing has been ghastly. A couple of days after former vice president Kamlesh Bahl won her discrimination tribunal, ...

  • Football League scores first with in-house appointment

    30-Jul-2001

    The Football League has recruited its first in-house lawyer.

  • Gordons Cranswick drinks to Bass decision for a panel of one

    30-Jul-2001

    Yorkshire firm Gordons Cranswick has fended off competition from DLA and Edwards Geldard to win work from Bass Brewers.

  • Halliwells takes Weightmans' leisure and retail practice…

    30-Jul-2001

    Halliwell Landau has scooped North West firm Weightmans' entire retail and leisure boutique.

  • Hammond Suddards merges with Townleys

    30-Jul-2001

    Italian merger partner Rossotto's strength in sports law sparks UK merger

  • Inpharmatica obtains £31.25m funding from equity investors Dresdner Kleinwort Wasserstein, Advent Venture Partners and 3i.

    30-Jul-2001

    Inpharmatica advised by Linklaters & Alliance (Jon Hayes). 3i and 3i Biosciences Investment Trust advised by Osborne Clarke (Alisdair Livingstone). Syndicate of investors advised by SJ Berwin (Perry Yam).

  • JP Morgan capital markets panel overhaul snubs Slaughters and Herbert Smith

    30-Jul-2001

    JP Morgan has carried out a massive overhaul of its advisers to set up its first UK-specialised capital markets panel, with a number of top City firms failing to make the grade.

  • Kennedys Russian link-up beats rivals to steel work

    30-Jul-2001

    Kennedys has beaten 11 firms - including Freshfields Bruckhaus Deringer - to win its first joint Russian tender in association with new alliance partner Vegas Lex.

  • Lathams high-tech heavyweight leaves for venture capital client

    30-Jul-2001

    Latham & Watkins is losing one of its most senior Los Angeles corporate partners to venture capital client Coastview Capital.

  • Law Soc clamps down on whimsical use of doctors

    30-Jul-2001

    The Law Society has joined forces with the Association of British Insurers and the British Medical Association to remedy accusations by doctors that some solicitors are taking up too much of their time.

  • Law society reform

    30-Jul-2001

    One cannot help noticing that during the past two weeks, the legal press has been inundated with articles on the case of Han and Yau (the Court of Appeal held that the imposition by Customs and Excise of penalties for alleged VAT and duties evasion gave rise to criminal charges within the meaning of Article 6 of the European Convention of Human Rights). Excluding the matter of a certain minor novelist receiving nemesis, one would be forgiven for concluding that this was the only important ...

  • Lawrence Graham picks from Orchard

    30-Jul-2001

    Lawrence Graham is taking on a second partner for its employment practice from City niche practice Orchard.

  • Lawyer 2B comes to be

    30-Jul-2001

    The Lawyer, in a groundbreaking project, is launching a student magazine in the autumn entitled Lawyer 2B.

  • Legal Widow

    30-Jul-2001

    Three minutes after we arrived at the firm's Family Fun Day, Liability went missing. For some unaccountable reason she couldn't even make it through the managing partner's opening speech about how well everybody had done - especially in his department - and how he hoped pensions would be thinking a lot more carefully about their advice in the future. He said not to worry about the massive claim for damages coming up in the autumn because he was going to make sure it didn't affect equity ...

  • Location, location, location

    30-Jul-2001

    Nigel Carey looks at why Guernsey is a firm favourite for sophisticated funds business.

  • Lovells partner fights to keep Doughty Hanson

    30-Jul-2001

    Lovells is battling to shore up relations with private equity house Doughty Hanson by appointing a Frankfurt partner as the new client relationship partner.

  • Lovells takes on £350m bond offering for brewer.

    30-Jul-2001

    Lovells has scooped one of its biggest capital markets transactions of the year for longstanding corporate client South African Breweries (SAB).The firm has acted for the company since its £3.4bn listing on the London Stock Exchange (LSE) in March 1999, and has now advised it on the launch of a $500m (£352m) convertible bond offering.The bonds are being issued by SAB's wholly-owned subsidiary SAB Finance in the Cayman Islands and are guaranteed by SAB and SAB International.

  • Making the board

    30-Jul-2001

    Finance directors are crucial to the smooth running of law firms. So how do you attract the right one for the job? Or should you grow your own? Kelly Harrison investigates.

  • News in brief

    30-Jul-2001

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

  • Norton Rose expands German empire with a spate of hires

    30-Jul-2001

    Norton Rose Vieregge is continuing its expansion in Germany as it takes on a corporate team in Munich and a tax partner in Frankfurt.

  • NY Bar introduces MDP regulations

    30-Jul-2001

    New York beats rest of the US to meet ABA recommendations; MDPs get go-ahead but must adhere to strict guidelines

  • Party poopers

    30-Jul-2001

    Much satisfaction at the Tulkinghorn residence that The Lawyer Awards made it into Private Eye. Having procured a copy of The Lawyer's 'Rewarding Excellence' booklet from the recent awards night, it then proceeds to rip it apart."We've made the big time," croaked Tulkinghorn to his fragrant lady wife. But pity poor Sir Sydney Kentridge, recipient of the Lifetime Achievement Award. Years of battling for justice in South Africa for Mandela and Biko's family ...

  • Pillar Property

    30-Jul-2001

    Gouldens completed this deal for long-term client Pillar Property, which purchased the 55-acre retail site from Castlemore Securities. Castlemore Securities recently bought the land, a former gasworks site, from BG Property Holdings, which is owned by British Gas. Although Castlemore originally planned to purchase and develop the retail park, the company has transferred the ownership of the site to Pillar Property.Castlemore Securities has agreed to develop the retail park for ...

  • Portfolio Property Fund buys 52/54 Southwark Street, London, for £7.9m from Milton Investment Fund.

    30-Jul-2001

    Portfolio Property Fund advised by Nabarro Nathanson (Alasdair Garbutt). Milton Investment Fund advised by Charles Russell (Simon Davies).

  • Rosenblatt in 'lapdancing' outburst

    30-Jul-2001

    Rosenblatt's senior partner has launched an extraordinary attack on one of his partners, who has left to join Osborne Clarke's technology, media and telecoms (TMT) department.

  • RWE Energie and E.ON sell their stakes in the East German energy producer Veag and its coal supplier Laubag to Hamburgische Electricitaets-Werke (Hew) for euro1.5bn (£921.9m).

    30-Jul-2001

    RWE Energie and E.ON advised by Latham & Watkins (Joachim von Falkenhausen, Christoph von Teichman). HEW advised by Lovells (Andreas Meyer).

  • Separated at birth

    30-Jul-2001

    As the country's Tories mull over whether to plump for the man in the Hush Puppies who can get them cheap fags or the man who no one had heard of two months ago, Tulkinghorn can reveal that the latter, Iain Duncan Smith, has a dark secret. Tulkinghorn has discovered that Duncan Smith is, in fact, none other than Clifford Chance partner David Griffiths, who has disguised his true persona by ...

  • Singapore law firms defy dry patch as banks' M&A drive sparks boom

    30-Jul-2001

    Local alliances come good as Linklaters, Lovells, Freshfields and Herbert Smith muscle in on bank merger frenzy

  • SJ Berwin pays for year of expansion

    30-Jul-2001

    SJ Berwin has recorded an impressive turnover of £85.2m.

  • Slaughters' go-get policy wins Telegraph Hill work

    30-Jul-2001

    Slaughter and May has scooped work advising US private equity house Telegraph Hill on its moves into Europe.

  • Solicitors Tribunal chief cries freedom

    30-Jul-2001

    Former Stephenson Harwood senior partner Anthony Isaacs has become president of the Solicitors Disciplinary Tribunal (SDT).

  • Stephenson Harwood clutches at US lifeline

    30-Jul-2001

    Talks with Holland & Knight to create £300m firm; biggest US merger since CC-R&W

  • Sun International

    30-Jul-2001

    This deal brings to an end a three-way joint venture which Norton Rose was instrumental in setting up almost a decade ago. The three parties involved in Sun International Investments were keen to release value from the arrangement. This deal dissolves Sun International Investments so that the three shareholders will hold their shares directly in Sun International Hotels.Kersaf Investments is ...

  • Temenos Group completes initial public offering and listing on the main segment of the SWX Swiss Exchange to raise SFr231m (£94.28m).

    30-Jul-2001

    Temenos advised by Brobeck Hale and Dorr (Tom Kellerman, Trisha Johnson) and Rinderknecht Klein & Stadelhofer (Ralf Rosenow). Deutsche Bank advised by Simpson Thacher & Bartlett and Homburger.

  • The island fortress

    30-Jul-2001

    Along with other offshore jurisdictions Jersey has come under OECD scrutiny. Phil Austin reports on the island's enhancement of its regulatory position in a drive for quality business.

  • The lie of the land

    30-Jul-2001

    The UK farming industry has had a tough time of it. Kathryn Hobbs talks to NFU head of legal Colin Hall about helping his members cope with the Government

  • The personnelity

    30-Jul-2001

    There are many conflicting theories on stress in the workplace. For some, it is little more than a healthy adrenaline rush that keeps organisations ticking; for others, however, stress is a force of evil, the cause of most workplace sickness and a financial burden on any forward-thinking firm. But regardless of where you stand on the stress debate, not many would dispute that everyone needs to unwind sometimes, or in modern parlance, everyone needs to 'chill' a bit. And there ...

  • The Royal Bank of Scotland (RBS) closes Sedgefield PFI scheme with South Durham NHS Trust and Normanby Healthcare.

    30-Jul-2001

    RBS advised by Bevan Ashford. South Durham NHS Trust advised by Eversheds. Normanby Healthcare advised by Pinsent Curtis Biddle.

  • Trust in the system

    30-Jul-2001

    Jersey is fighting for laws to support Channel Island offshore trusts and to increase their appeal. Matthew Thompson and Steve Meiklejohn report on landmark judgments.

  • Uría champs at bit as it plays EU-Portuguese waiting game

    30-Jul-2001

    The transposition of the European Union (EU) Rights of Establishment Directive into Portuguese law is delaying the opening of a number of offices, including a Uría & Menéndez office.

  • Whasswrong with raw fish?

    30-Jul-2001

    On the theme of missing out on the 21st century, Tulkinghorn was recently out to lunch with two Allen & Overy lawyers. On the menu was sashimi and wasabi, which is Japanese-style raw fish and horseradish that can strip the lining of your throat like few other substances.One of the lawyers was not familiar with the condiment and asked what is was. "You know," said the other, who shall remain ...