30 October 2000

The Lawyer

  • 5 RAYMOND BUILDINGS

    30-Oct-2000

    Niche set 5 Raymond Buildings has made a surprisingly high entry in The Lawyer's House of Lords league table. This is as a result of the volume of defamation cases that have reached the Lords in the last year. The set had nine appearances in total, compared with just two for its nearest rival 1 Brick Court. The sets' league positions, when ranked according to their number of appearances, are seven and 36 respectively. And while there is always an element of ...

  • A VIEW FROM AMSTERDAM

    30-Oct-2000

    There is no doubt that the hottest topic of conversation in Amsterdam at the moment among the major commercial Dutch firms is the turmoil being caused by UK law firms. Their entry into the market has caused the splits of the largest firms here, with Loeff Claeys Verbeke going in part to Allen & Overy and another part entering into a merger with Loyens & Volkmaars.

  • a year ago this year

    30-Oct-2000

    Finers in talks with Stephens Innocent

  • A&O and Slaughters head for court with Lincoln and Charter

    30-Oct-2000

    Allen & Overy and Slaughter and May are drafting in litigation heavyweights as the collapsed deal between engineering companies Lincoln Electric and Charter teeters on the brink of court action.

  • Akin Gump hires top partner from local rival

    30-Oct-2000

    Washington DC firm Akin Gump Strauss Hauer & Feld is taking on the head of litigation from local rival Miller & Chevalier.

  • Australian law firm in republican row

    5-Nov-2000

    Australia's Court of Appeal have rejected Republican pleas that Carl Moller should be allowed to exempt himself from taking an oath as part of an admission ceremony to practice law in Victoria.

  • B&M recruits chief for new Italian group

    30-Oct-2000

    A chief counsel from the European Investment Bank is joining Baker & McKenzie to head its new Italian project finance group.

  • Banca

    30-Oct-2000

    Banca Imi acts as global coordinator and sponsor in connection with a worldwide offering of 1,200,000 ordinary shares in digital music company Vitaminic SPA. Banca Imi advised by Allen & Overy in Turin and Milan (Guido Brosio). Vitaminic advised by Gianni Origoni & Partners.

  • Beachcrofts and Buchanans diverge for NHS deal

    30-Oct-2000

    The Beachcroft Wansbroughs and Buchanan Ingersoll partnership has been thrown into question, with the two firms fighting each other to advise on one of the UK's largest PFI schemes

  • Berwin Leighton elects new managing partner

    4-Nov-2000

    Eisenberg, who is 37, begins his three-year term this month. He replaces Bob Jones, who is returning to fee earning in the corporate department after a single term in the job.

  • Bird & Bird poaches French IT team

    4-Nov-2000

    Dupuis-Toubol will join Bird & Bird at the end of this year and will be based in the firm's new premises in Paris. She and her team will specialise in local law.

  • BOOK REVIEW

    30-Oct-2000

    The Trusted Advisor, by David H Maister, Charles H Green and Robert M Galford, published by The Free Press (ISBN 074320963X)The authors of this new self-help guide claim that the key to professional success is the ability to earn the trust and confidence of clients."The creation of trust is what earns the right to influence clients; trust is also at the root of client satisfaction and loyalty. The workings of trust are even more critical in ...

  • Brief encounter: freshfields

    30-Oct-2000

    THE AMSTERDAM office of Freshfields Bruckhaus Deringer has come a long way since May 1999, when it opened with just four partners working out of temporary offices.Rapid expansion has brought its partner count up to 14, the bulk of them creamed from Dutch magic circle firms. The practice is neatly focused on corporate and finance, competition law, intellectual ...

  • British law firms target Malaysia

    3-Nov-2000

    The Bar Council there is reportedly strongly opposed to the entry of foreign lawyers but the final decision rests with the Malaysian Attorney-General, Tan Sri Mohtar Abdullah.

  • Business of investigation

    30-Oct-2000

    Company investigations are invariably conducted by specialist government agencies, such as the Department of Trade & Industry (DTI), the Financial Services Authority, the Inland Revenue, the Environment Agency and the Health and Safety Executive (HSE). Each is given powers by statute to obtain documents and answers by compulsion. The Serious Fraud Office (SFO) has similar powers.The introduction of the Human Rights Act 1998 will not have an immediate and huge impact in relation ...

  • Carter-Ruck calls for libel reform

    2-Nov-2000

    Speaking at a seminar in Disneyland where the senior consultant at Peter Carter-Ruck and Partners went head-to-head with Private Eye editor, Ian Hislop, he said: "I think it is scandalous there is no legal aid for defamation.

  • Chase Manhattan

    30-Oct-2000

    Chase Manhattan Bank sells Hong Kong retail bank business and subsidiary Chase Manhattan Card Company to Standard Chartered Bank for $1.32bn (£907m). Chase Manhattan Bank advised by Allen & Overy (Simon Berry). Standard Chartered Bank advised by Slaughter and May.

  • CLOISTERS

    30-Oct-2000

    The turmoil that has engulfed Cloisters for the past two years has not prevented it finishing fourth in The Lawyer's House of Lords league table. It is the highest placed set from outside the magic circle, finishing just behind Blackstone, Brick Court and Fountain Court. It seems that the result of much internal wrangling - Cloisters' demerger from its criminal practice to become a specialist civil set - has been vindicated. Only one of the departed criminal practitioners

  • Clyde & Co loses aviation expert to Barlow Lyde

    30-Oct-2000

    Clyde & Co is losing an aviation partner to Barlow Lyde & Gilbert, the department's second departure in less than a year.

  • CMS Strommer first foreign firm to open Belgrade office

    30-Oct-2000

    CMS Strommer Reich-Rohrwig Karasek Hainz is opening an office in the Serbian capital Belgrade, its second new office this year.

  • CORPORATE

    30-Oct-2000

    Tomkins sells Murray and Hayter to US-based Summersong Investment for $220.9m (£151.8m). Tomkins advised on UK law by Shoosmiths (Peter Seary) and on US law by Skadden Arps Slate Meagher & Flom (Eric Friedman). Summersong Investment advised on UK and US law by Sidley & Austin.

  • Davis Polk corporate partner leaves for in-house position

    30-Oct-2000

    One of the top partners at New York giant Davis Polk & Wardwell is going in-house to professional services company Marsh & McLennan Companies.

  • Dedicated follower of taxation

    30-Oct-2000

    True, not too many lawyers choose to go into taxation, and those who do get a certain...reputation. Some tax lawyers, though, have hidden depths. Fiona Callister reports

  • DTI REVIEW

    30-Oct-2000

    "We're looking at streamlining and providing aggressive deterrents against time-wasting cases," says a DTI spokesman. This review of employment tribunal procedure is on course to report next month.According to the DTI, the review is operating "under existing law", with no powers to change legislation.In particular, the Government will be looking at providing more detailed claim forms so claims can be better understood ...

  • Ernst & Young opens Washington office

    4-Nov-2000

    The new firm - McKee Nelson Ernst & Young - is backed by a loan from Ernst & Young and will be housed in the accountants' Washington DC offices.

  • Ex-CC finance partner joins Barclays Capital

    30-Oct-2000

    Barclays Capital is recruiting a former finance partner from Clifford Chance as it restructures its entire global legal function.

  • FINAL DEAL

    30-Oct-2000

    William Rosoff's final deal for Davis Polk & Wardwell was the sale of Nabisco Holdings to rival Philip Morris. Davis Polk's team also included senior corporate partner Paul Kingsley. He worked closely with Ashurst Morris Crisp which advised on EC and competition issues connected to the $18.9bn (£13.1bn) ...

  • FINANCE

    30-Oct-2000

    Morgan Stanley in commercial mortgage-backed securitisation offering of £462m secured floating rate notes

  • FINANCE

    30-Oct-2000

    Investment bank Bear Stearns International develops euro150m (£86.4m) new media venture capital fund with Virgin Media

  • Financial

    30-Oct-2000

    Financial software company Raft International is admitted to Alternative Investment Market. Raft International advised by Theodore Goddard (Graham Stedman). Nominated adviser and broker Seymour Pierce advised by Eversheds.

  • Gulf

    30-Oct-2000

    Gulf Investment Corporation and Companhia Vale do Rio Doce purchase Gulf Industrial Investment Corporation from Kuwait Petroleum Corporation for $183m (£126m). Gulf Investment and Companhia Vale advised by Norton Rose (John Inglis) with local advice by Hassan Radhi & Associates. Kuwait Petroleum advised by Cleary ...

  • Herbert Smith scoops Treasury work

    2-Nov-2000

    Herbert Smith was selected from a shortlist of four firms, which finance and banking partner Nicholas Tott says included "the usual suspects".

  • Herbert Smiths moves into Indonesia

    31-Oct-2000

    The setting up of the association with new five partner Indonesian firm Hiswara Bunjamin & Tandjung (HBT) co-incides with the relocation of highly rated corporate partner Chris Parsons who will be moving out to the Singapore office to head up the corporate and corporate finance practices in January. It is expected that Parsons, who is responsible for the Italian and Spanish regions, will takeover the running of the Singapore region from Mark Newbery who will return ...

  • ING Barings boosts securitisation group with Sidley & Austin partner

    30-Oct-2000

    Investment bank ING Barings is beefing up its European securitisation capability and taking on a partner from the London office of Sidley & Austin.

  • ITE

    30-Oct-2000

    ITE Group recieves cash subscription from private equity house VS&A Communications Partners and undertakes a placing and open offer to raise approximately £40m. ITE represented by Olswang (Stephen Hermer), and VS&A advised by Allen & Overy (Jeremy Hunt).

  • ite group

    30-Oct-2000

    Olswang's longstanding client ITE has had a boost from VS&A, a private equity affiliate of the New York-based media merchant bank Veronis Suhler.

  • Jones Day expands in Asia with the opening of a Singapore office

    30-Oct-2000

    Cleveland firm Jones Day Reavis & Pogue is opening an office in Singapore, its eighth outpost in Asia and its 25th worldwide.

  • Kennedys scores UK first with New Zealand launch

    30-Oct-2000

    City firm Kennedys is believed to have become the first UK firm to open an office in New Zealand.

  • Legoland

    30-Oct-2000

    Legoland begins construction of German theme park with Bovis and US attraction-builder The Nassal Company. Legoland advised by CMS Cameron McKenna (Marc Hanson) with CMS Hasche Sigle Eschenlohr Peltzer Schäfer.

  • Legoland

    30-Oct-2000

    CMS Cameron McKenna last acted for Legoland in the early 1990s on the construction of its Windsor theme park. But personnel on both sides have changed since then, and this time it was Camerons' expertise in the two-stage tender approach that was key to its appointment by Legoland Development in California. Marc Hanson, senior construction solicitor, won the work after a recommendation from cost consultants Davis ...

  • Lord Bingham defends judges secrecy

    5-Nov-2000

    In what could be construed as a side swipe against the Law Society which has boycotted the secret soundings, Lord Bingham said a system which delivers such a high quality product "cannot be nearly as defective as its critics suggest".

  • Lord Chancellor slams legal aid lawyers

    3-Nov-2000

    Giving evidence to the Commons home affairs select committee, Lord Irvine said that lawyers " cannot go on living their lives being paid by the hour on a taxi meter".

  • Lording it up

    30-Oct-2000

    In the last judicial year, the House of Lords delivered judgment in 64 cases. It is impossible to predict which cases will and which won't end up at the UK's highest court, but if a case involves a point of law which is seen to be of substantial importance, the chances are that it might. It is best to be prepared.Lord Lester from Blackstone Chambers has appeared in three cases this year and completed 33 in total. "The House of Lords is very ...

  • Lynx new media ventures

    30-Oct-2000

    Allen & Overy assembled a firm-wide team to advise on the complicated structuring of this deal - one of the most unusual it has undertaken out of its financial services and investment structures group.

  • Macfarlanes set to lose client Saatchi after Publicis merger

    30-Oct-2000

    The role of Macfarlanes as legal adviser to Saatchi & Saatchi has been brought into question following Saatchi's merger with French advertising agency Publicis.

  • Magic circle firms split in assistant salary war

    30-Oct-2000

    Allen & Overy and Linklaters raise remuneration packages accross the board in recruitment battle

  • Millenium Man

    30-Oct-2000

    With no in-house lawyers, when the Millenium Commission needs a lawyer it needs it fast. Add to this the responsibility of handling the public's money and head of corporate Jerry Michell gains everyone's sympathy. Chris Brock reports

  • Minter Ellison poaches ten Deacons partners

    3-Nov-2000

    All ten Deacons' partners have voted to join Minters. Offers have been made to the 90 legal and support staff also based in the office.

  • Mishcons joins global GM litigation network

    4-Nov-2000

    Law firms from across the globe met up in London last month at the behest of Washington firm, Cohen Milstein Hausfeld & Toll who reportedly dreamed up the class action offensive.

  • morgan stanley

    30-Oct-2000

    This is the fourth in a series of commercial mortgage-backed securitisations Morgan Stanley International has worked on. In Europe, it is pioneering the US investment banking practice of making loans to commercial property owners with the specific intent of securitising them.

  • Oil giant's legal chief joins Linnells

    30-Oct-2000

    The legal and risk director at oil giant Burmah Castrol is leaving to join Oxford firm Linnells.Peter Elliott, who joined the company in the middle of last year, was responsible for all corporate transactional work including corporate aspects of the recent merger with BP.BP offered Elliott a post in its legal department but he has opted to move back to private practice.Before joining Burmah Castrol, Elliott set up the in-house legal function at English ...

  • Opinion

    30-Oct-2000

    Order! Order! Seemed more like chaos. Last week's seven-hour marathon to elect Michael Martin as Speaker of the House of Commons was something of a shambles. The tradition has always been that the Speaker is "dragged" to the Chair, being reluctant to take office. The spectacle was, however, of a multitude of would-be candidates fighting for that distinguished office. No such problems in the Lords. We do not have a Speaker. Proceedings are conducted in a ...

  • Osborne Clarke hires two new tax partners

    30-Oct-2000

    Osborne Clarke has recruited two new partners to its corporate tax team, bolstering its service to new economy clients and establishing a permanent corporate tax function in the City.

  • Paisners hires Ladbrokes legal chief

    30-Oct-2000

    Paisner & Co has hired Ladbrokes' Betting and Gaming Worldwide head of legal and two partners from Ernst & Young and Greenwoods.

  • Property firm closes as five join Couderts

    30-Oct-2000

    San Francisco intellectual property boutique Majestic Parsons Siebert & Hsue is dissolving as five of its lawyers leave to join Coudert Brothers.Name partners Martin Majestic and Suzanne Siebert are moving to Coudert's San Francisco office along with fellow partner Keiichi Nishimura, two associates and a patent agent.The rest of the firm is understood to be joining the San Francisco office of 100-lawyer Silicon Valley intellectual property firm Skjerven ...

  • PwC's Polish associate poaches two Arthur Anderson partners

    3-Nov-2000

    Tax and administrative law specialist, Dorota Szubielska and commercial and civil lawyer, Tomasz Gromek have joined Wierzbowski & Co as partners from Domanski Szubielska i Wspolnicy.

  • Rakisons wins second Jeffrey Green partner

    30-Oct-2000

    City firm Rakisons is hiring a new corporate and communications partner from rival Jeffrey Green Russell.

  • Rittershaus and Keiper merge

    30-Oct-2000

    Mannheim firm Rittershaus Wissmann & von Rosentiel is to take the unusual step of merging with an accountancy and tax consultancy firm instead of joining an international network.

  • Set point

    30-Oct-2000

    Performing with distinction before the House of Lords is the pinnacle of any advocate's career and the ultimate arbiter of success. It is an exclusive club to which only the finest barristers are invited. As a result of new research conducted by The Lawyer, the top-performing barristers and chambers can be revealed for the first time. This research is based on the 64 judgments delivered by the Lords in the period October 1999-July 2000. Confirming its entrance into the magic ...

  • Stephenson Harwood loses corporate duo

    30-Oct-2000

    City firm Stephenson Harwood is losing two corporate partners to accountancy tied law firms KLegal and Tite & Lewis.

  • Studio Legale Sutti to launch in East Europe

    30-Oct-2000

    Italian firm Studio Legale Sutti (SLS) is opening satellite offices in Romania and Bulgaria to capitalise on the strong presence of Italian companies in Eastern Europe.

  • The fruits of fraud

    30-Oct-2000

    The fraud bar is traditionally a segregated market, with barristers choosing to specialise in criminal, civil or regulatory work. However, it is soon to undergo great change, not least because of the Financial Services and Markets Act (FSMA), set to come into force next year.Under the new regime, all the regulatory bodies such as the Investment Management Regulatory Organisation (Imro), the Personal Investment Authority (PIA), the ...

  • THE INSIDER

    30-Oct-2000

    In recent months there have been a number of high-profile corporate appointments and casualties, and the generosity of the packages and compensation payments on termination have caused legitimate public concern. This concern has been evidenced by press reports criticising the huge sums paid out to directors ousted from the board on the basis of poor performance. Pension payouts, share options and "golden parachute" payments have led to termination payments in excess ...

  • the Leader column

    30-Oct-2000

    Investigating what goes on in the House of Lords has proved what a difficult task measuring the performance of lawyers is - particularly that of barristers. It illustrates the importance of methodology and it must be stressed that The Lawyer's report is a study of performance in the highest court in the land, not of profitability.

  • THE LEGGATT REVIEW

    30-Oct-2000

    In May the Lord Chancellor, Lord Irvine, announced a wide-ranging and independent review of industrial tribunals throughout England and Wales. The last such review took place 43 years ago in 1957. That last review came under the chairmanship of Sir Oliver Franks.The Lord Chancellor appointed Sir Andrew Leggatt, a retired Appeal Court judge, to head the review. The report from the review is due by March of next year.Speaking at the launch, ...

  • Thornfield

    30-Oct-2000

    Thornfield Redditch Partnership secures exchange of agreement to build 80,000sq ft Debenhams store in Redditch. Denton Wilde Sapte advised Thornfield on the management and development of the Kingfisher Centre (Richard Budge). Debenhams advised by Walker Morris (Richard Innes).

  • US law firms in ground-breaking merger

    2-Nov-2000

    Both firms voted on Saturday to form a 750-lawyer practice, making it the 11th largest in the US in terms of numbers. The merger takes effect immediately and the new firm is called Piper Marbury Rudnick & Wolfe.

  • Welsh Assembly selects legal counsel

    30-Oct-2000

    The Welsh National Assembly has selected external counsel for public law and announced its intention to create similar panels for damages claims and commercial and employment disputes.

  • When two tribes go to war

    30-Oct-2000

    Accusations of a growing "compensation culture" are always guaranteed to grab the headlines, and so it was when the Department of Trade and Industry (DTI) launched its review of the employment tribunals this spring.It was the Confederation of British Industry (CBI) that first delivered the charge. "We have to show that tribunals are for administering justice, not for playing games or for having a punt for some sort of cash windfall," declared ...

  • White collar crime: ASIL NADIR AND POLLY PECK

    30-Oct-2000

    Polly Peck was the success story of the 1980s. What started as a small hosiery company became an industry giant, with interests in many household names. Hotels, newspapers, Sansui electronics and Del Monte fruit all had connections to the Polly Peck empire. Shareholders saw returns of up to 1,288 times that which they had originally invested. But the Serious Fraud Office (SFO) suspected that an illegal share support operation was in progress, and on 20 September 1990 it raided the offices ...

  • White collar crime: Getting in on the act

    30-Oct-2000

    ON 2 October this year, the European Convention of Human Rights was adopted into UK law as the Human Rights Act 1998. Suddenly, if newspaper hysteria is to be believed, everybody convicted of a crime could now get out of jail by claiming that their human rights have been breached.Railtrack is planning to use it to challenge the threat of a £40m fine following the Hatfield rail tragedy; couples are trying to use it to allow them to select certain genetic traits in their ...

  • White collar crime: THE GUINNESS AFFAIR

    30-Oct-2000

    When Guinness attempted to purchase Distillers - the makers of Smirnoff vodka and the controversial Thalidomyde drug - in 1986, the Serious Fraud Office (SFO) smelled a rat. After detailed investigations, it was discovered that the share value was being illegally supported.Gerald Ronson, the chief executive of Heron, financier Jack Lyons, stockbroker Anthony Parnes and the Guinness chief executive Ernest Saunders were found guilty in 1990 of different offences, ranging from ...

  • White collar crime: THE RELEVANT SECTI0NS OF THE ACT

    30-Oct-2000

    ARTICLE 6: THE RIGHT TO A FAIR TRIAL1. In the determination of his civil rights and obligations or of any criminal charge against him, everyone is entitled to a fair and public hearing within a reasonable time by an independent and impartial tribunal established by law. Judgment shall be pronounced publicly, but the press and public may be excluded from all or part of the trial in the interest of morals, public order or national security in a democratic society, where the ...

  • Woolwich and B&B axe in-house teams

    4-Nov-2000

    Four lawyers and around 16 support staff out of the 32-person team at the Woolwich are being made redundant, while Bradford & Bingley are slashing their 26-person legal team - including lawyers and paralegals - by up to 15.

  • workspace

    30-Oct-2000

    Norton Rose has advised Workspace throughout its growth from a small industrial and office space provider to a large plc, including its 1993 flotation. The company specialises in flexible lease arrangements and now provides accommodation for some 3,000 small and medium-sized businesses in London, the South East and the Midlands, many of them in the e-commerce and high-tech manufacturing sectors.

  • Workspace

    30-Oct-2000

    Workspace Group sells the Ensign Court development, London EC1 to Structadene Group for £4.65m and reinvests proceeds in properties in the London and Thames Valley regions. Workspace advised by Norton Rose (Lindsay Morgan). Structadene advised by Nicholson Graham & Jones (Sheila Stewart). The sellers of the properties in London and Thames Valley, Arlo and Winwood Estates, advised by

  • Wragges hires Carlton's head of legal

    30-Oct-2000

    Wragge & Co has hired Carlton Television's head of compliance and legal affairs.Simon Westrop joins the firm after working in-house at the broadcasting company for five years.Westrop, who will retain Carlton as a client, believes the move will enable him to expand his personal practice. "What you find in-house is that you can become quite narrowly focused and my move to Wragges ...