4 December 2000
The big news in Hungary at the moment is the group of tax lawyers that have moved from PricewaterhouseCoopers to Clifford Chance. Of course, Linklaters started the trend by including a tax department when its office opened in January. These moves have sparked expectations and speculation that other major law firms ...
Eversheds steps up Euro plan with Dutch merger
Allen & Overy's (A&O) Amsterdam office has lured a partner from Trenité Van Doorne just weeks after the Dutch firm announced the demerger of its Amsterdam and Rotterdam offices to boost merger appeal (The Lawyer, 23 October).
Altheimer & Gray is launching an employment department with Jessica Learmond-Cirqui. The former head of employment at Fladgate Fielder will join the firm on 5 February bringing the London partner count to 14.
Amnesty has withdrawn its complaint over the ban to the European Court of Human Rights after the Government promised to reconsider the human rights organisation's case.
Andersen Legal, the legal division of accountancy firm Arthur Andersen, has increased its fee income by 17 per cent to £377m for the year ended in August. Associated Scottish law firm Dundas & Wilson contributed £30m and its five Garretts offices posted an 18 per cent income despite losses prompting the closure of the Leeds office.
Weil Gotshal & Manges has done well out of its long association with Hicks Muse Tate & Furst. Its relationship with the US private equity house has yielded two high-profile deals in the past 18 months, namely its multi-million pound takeover of Hillsdown Holdings and the mammoth United Biscuits deal. The ABF deal is somewhat smaller than the previous two but was debt free, since on completion ...
Associated British Foods (ABF) sells Burton's Biscuits to Hicks Muse Tate & Furst's funded newco Eubisco for £130m. ABF advised by Herbert Smith (Stephen Hancock), Hicks Muse Tate & Furst advised by Weil Gotshal & Manges (Andrew Harting). Debt finance provided by Donaldson Lufkin & Jenrette and Deutsche Bank, advised by C
Partner Isabel de Otaola y Ubieta has joined the firm from KPMG's Spanish law firm to take over leadership of the Madrid-based tax team.
Beachcroft Wansbroughs partner Andrew Parker has been elected as the new president of the Forum of Insurance Lawyers (Foil). Parker will focus on rehabilitation in injury claims and income-based settlements for future loss. Tim Wallis, senior partners at Crutes, has been elected vice president.
Berwin Leighton and Paisner & Co may be heading for a collision over merging the firms' disparate profit distribution systems.
Bond Pearce has chosen insurance partner Richard Challands to succeed Nigel Theyer as senior partner. Theyer has returned to commercial property work and is leading the development of the Bristol office after a four-year term as senior partner. Challand is a specialist in professional indemnity and insurance litigation. He has been a partner at the firm since 1978 and was managing partner from 1994 ...
One of the better guides to effective managerial behaviour, Developing Management Skills for Europe, is now in its second European edition.
Leaving a successful US firm in favour of a UK one may seem to many a surprising career move. But Texan Anglophile Tamara Box is in her element. Fiona Callister investigates
Size is not everything, as 28-partner Brighton-based firm DMH proves. It has a turnover of more than £10m, placing it just outside The Lawyer's top 100 law firms. This compares favourably with its nearest but much larger rival, 47-partner Blake Lapthorn, which had a turnover of £15m last year.
Bristows has scooped the BBC's trademark work after Stephenson Harwood's contract was terminated.
British Library and IBM to create digital library system. British Library advised by Denton Wilde Sapte (Catherine Bingham and Helen Cahill). IBM advised by in-house legal team.
Buchanan Ingersoll has appointed a consultant to advise on its project finance practice. Les Mitchell retires in December as managing director of Kier Project Investment, the PFI division of civil engineering group Kier.
Burges Salmon has appointed new senior and managing partners. Company and commercial partner Richard Wynn-Jones (seated) will take on the role of senior partner and finance partner, while Guy Stobart (standing) will become managing partner. Both will replace senior and managing partner David Marsh, who completes his term of office in May 2001.
One often hears that "the market knows best". It would appear this applies as much to political initiatives - such as the current Organisation for Economic Cooperation and Development (OECD) proposals to eliminate so-called "harmful tax competition" - as it does to purely economic questions. Since the OECD announcement, there has been continuing, and even accelerated, growth in the financial services sector of the Channel Islands.
Close Brothers Private Equity leads £16.6m management buy-out of Laybond Holdings from Jarvis. Close Brothers Private Equity and newco the Laybond Group advised by Dickson Minto (Martin McNair). Laybond Group advised on equity documentation by DLA. Senior debt provider HSBC advised by Addleshaw Booth & Co (David Handy). Jarvis represented by
Could the North West lawyer-client relationship be more complicated? Looking at this deal, it would seem so. Addleshaw Booth & Co scooped a role as adviser to HSBC on its £10.7m injection into the management buyout (MBO) of Laybond Holdings.
The College of Law has fought off competition from Nottingham Law School and landed advocacy training work with two magic circle firms, worth a purported £50,000.
A recent study undertaken by magic circle firm Linklaters & Alliance has revealed that the Queen's Bench Division has witnessed a dramatic fall in the number of claims issued during 1999.
Davies Arnold Cooper (DAC) is losing an insurance and reinsurance partner to one of its clients, Jardine Lloyd Thompson.
DaimlerChrysler to sell and deliver cars over the internet. DaimlerChrysler advised by Olswang (Clive Gringras) and DaimlerChrysler's in-house team (Sebastian Calman).
DB Capital Partners and Pierre & Vacances acquire Center Parcs from Scottish & Newcastle for £670m. DB Capital Partners advised by Allen & Overy (Alan Paul), SJ Berwin (Steven Davis) and Shearman & Sterling (Anthony Ward). ...
This is the first deal for DaimlerChrysler following Olswang's successful pitch for its e-commerce work in April. The car manufacturing giant already had a range of relationships with firms - Freshfields Bruckhaus Deringer being one - so the win was a coup for Olswang. E-commerce partner Gringras led the pitch.
Essex Court Chambers' Roderick Cordara QC has been appointed senior counsel in New South Wales, Australia, making him the only UK barrister specialising in VAT law to have taken silk in both countries. Also a specialist in public and commercial law, Cordara was called to the English bar in 1975. He joined Essex Court in 1980 and became Queen's Counsel in 1994.
Corporate partner Jucker rejoins DJ Freeman in its media and communications department in January after two years at Sonnenschein.
Guernsey and Jersey share a similar relationship to that of Lancashire and Yorkshire - neither likes being mistaken for the other and ritual forms of abuse are commonplace. Guernseymen are known as "donkeys" and Jerseymen as "toads". What they do share, however, is a fierce sense of independence from both England and France. Indeed, Guernsey will celebrate its 800th anniversary of independence in 2004.
It may not have a huge turnover - reserves are in the region of £2m - but EJ Legal is rapidly positioning itself as the smaller alternative to QD and ZMB for partner moves. The firm moved around 60 partners last year (unlike QD and ZMB, its partner practice is not supplemented by a focus on the assistant market), with Simon Janion the biggest biller.
The merger with BDN, a top corporate and commercial practice in The Netherlands, adds to Eversheds' European offices in Paris, Monaco, Brussels, Moscow, and associated offices in Copenhagen and Sofia.
TJ Hughes makes £10.4m placing and open offer. TJ Hughes advised by DLA (Mike Prince). Sponsor ING Barings advised by McDermott Will & Emery (Catherine Moss).
Out here in Silicon Valley everything is done differently, right? Clients beg for lawyers, firms turn away investment banks in favour of questionable start-ups, and people commute from the City to the suburbs. Only one thing is obviously the same as in London - everyone admires Latham & Watkins.
Shaw Pittman's London office has lost one of its founding partners to Addleshaw Booth & Co's Manchester office.
Citibank has punished Freshfields because the firm is acting in litigation against the bank over the collapse of a company in Singapore.
Haarmaan is currently refusing to name the four UK lawyers due to "existing contractual obligations" but says all are drawn from "leading UK firms or Chambers".
Hammond Suddards Edge is losing its senior financial services partner to SJ Berwin. He returns four years after quitting the firm.
Hansard Group floats on AIM. Issuer advised by Halliwell Landau (Clive Garston). Nominated adviser and broker Seymour Pierce advised by Memery Crystal (Lesley Gregory and Melissa Chaplin).
This is one of three technology deals completed last week by Manchester-based Halliwell Landau. The other two deals were Netcall's admission to AIM and Your-TV & Radio's OFEX floatation.
The record pay-out - understood to be the second highest for personal injury ever awarded in England - was made to an American who was brain damaged in a collision with a minibus driven by a man without a license. The damages win comes just a year after Slough-based Harris & Cartwright won the highest ever pay-out for personal injury - £9.3 million awarded to Dutchman Martjin Belsheuevel for injuries suffered in a road accident
Holman Fenwick & Willan's Hong Kong office has strengthened its admiralty practice by appointing a new admiralty partner.
Irwin Mitchell's corporate finance department has hired Freethcartwright's head of company and commercial.
Business is booming in Jersey and Guernsey. So says Bailhache Labesse partner Mark Lewis, echoing the sentiments of dozens of lawyers on the islands. And this is despite somewhat gloomy predictions 18 months ago that the Channel Islands would have trouble maintaining their position in light of the burgeoning euro and pressure to conform to international regulations.
Jersey is about to become the first international jurisdiction to implement comprehensive new legislation to regulate trust companies and company service providers.
Kamlesh Bahl, former vice-president of the Law Society, told a tribunal last week that a disciplinary hearing in which she faced allegations of bullying was "uncivilised, barbaric and undignified". The disciplinary hearing took place in December 1999, before the 75-member Law Society council. Bahl is accusing the Law Society of sexual and racial discrimination, victimisation and constructive dismissal. She was suspended and later resigned after an inquiry upheld five complaints against ...
Property company Tichman Speyer Properties has done it all in the US and is now making its mark on one of London's most famous sites with its latest acquisition- right next door to the Tower of London. Julia Cahill reports
Simmons & Simmons' senior partner is stepping down as the race begins to find his successor. Bill Knight, who has been with the firm for 35 years, is due to complete his five-year term in September next year but has opted for early retirement. The firm's current retirement age is 65.
Clifford Chance aims for £800m;A&O revise budgets upwards; Simmons figures indicate recovery
"Of course, you won't know about Thunderbirds," Deminimus said to the Lawyer a couple of weeks ago, on a rare Saturday afternoon when the family was all together. "Actually, I was there first time round," said the Lawyer. Deminimus later came up to me with a worried expression and asked: "Just how old is Daddy?"
You know the situation: deadline day is upon you and the nanny has just phoned to say that she is going back to Uzbekistan, immediately. Your best suit needs collecting from the dry cleaners before tomorrow's presentation and you haven't even begun to think about your dinner tonight. So what do you do? For an increasing number of staff in UK law firms, the answer is simple: you make a single phone call to sort it all out, from cover for the nanny to collecting the dry cleaning.
Limbach & Limbach is to dissolve because it is unable to find new premises.
Macfarlanes' hotels and leisure group has advised Ian Schrager London on the £105m refinancing of bank facilities for the development of its two landmark hotels, the Sanderson Hotel and St Martin's Lane Hotel.
MB Venture Capital, Merlin Biosciences Fund and 3i raise £10.5m for Onyvax. Onyvax advised by Weil Gotshal & Manges (Paul Claydon). Investors advised by Taylor Vinters, KLegal and Osborne Clarke OWA respectively.
McGrigor Donald Public Policy (MDPP) will be headed up by McGrigor lawyer, Adam Bruce. He will be aided by the 56-partner firm's head of commercial litigation, Niall Scott and its public sector unit director, Alan Boyd.
Baker & McKenzie's Asia business unit head has departed for fellow US firm Milbank Tweed Hadley & McCloy.
Andrew Millett and James Wilcox join Mishcon's corporate and technology groups in February - the former comes from Ashurst Morris Crisp where he was senior solicitor while the latter leaves his own practice to join the London firm.
Shearman & Sterling's highly-rated head of European acquisition finance Stephen Mostyn-Williams has decided to leave the firm.
Music Choice Europe floats on London Stock Exchange main list. Issuer advised by Olswang (Stephen Hermer). Sponsor, financial adviser and stock broker Investec Henderson Crosthwaite advised by Nabarro Nathanson (Iain Newman).
The National Australia Bank (NAB) has created a formal nationwide panel for the first time.
Nabarro Nathanson has launched a bespoke training programme for its clients on the current and proposed legislation in employment, environment, accident and injury claims control and health and safety. Corporate killing, data protection, human rights and regulatory issues are among the subjects that can be covered.
Norton Rose has consolidated its relationship with Chase Manhattan's London-based global syndicated finance arm and acted on its first major deal for Deutsche Bank's New York division.
The troubled chambers of Sir Ivan Lawrence QC at One Essex Court and Desmond De Silva's 2 Paper Buildings have merged to become a 52-tenant set.
It is difficult to believe that it is only around seven years ago that firms began to invest in PCs and they first started to appear on fee-earners'' desks.
Pavia e Ansaldo, one of Italy's largest independent law firms, is losing its New York office in January as a leading corporate partner leaves to head a new international firm which will include the US office.
Philips Electronics purchases Agilent Technologies' business Healthcare Solutions Group (HSG) for $1.7bn (£1.2bn). Philips advised by Sullivan & Cromwell (Neil Anderson) and Morgan Stanley Dean Witter. HSG advised by Freshfields Bruckhaus Deringer (Mieke Dudok van Heel) and
The consolidation of its international legal coverage is expected to begin early next year.
Telecoms specialist Rakisons and US firm Steptoe & Johnson will merge on 31 December.
Rollit Farrell & Bladon, the Hull-based practice, has named partner Neil Maidment as head of the employment group. Maidment takes over the role from Pauline Molyneux, who continues as a partner in the employment practice.
Rowe & Maw has boosted its real estate strength with the appointment of a partner from niche property practice McGuinness Finch as part of a strategy to expand the department by 50 per cent.
Royal KPN in euro5.5bn (£3.3bn) share and convertible subordinated notes offering. KPN advised by Allen & Overy (Steven Schuit, Annelies van der Pauw and ALexander Cohen). Joint global co-ordinators ABN Amro Rothschild, Goldman Sachs International and Schroder Salomon Smith Barney represented on US and German law by Shearma
The chances are that many of you reading this will have used a recruitment consultant at one time or another. You may have wanted to test the water or were just intrigued by an advertisement, or you may simply have wanted an escape route. The selling point of recruitment agencies is very simple; it is based on hope. Hope for the candidates that they might get that perfect job, and hope for the law firm clients that they can get the perfect lawyer. But with recruitment becoming increasingly ...
The Palo Alto-based firm is world renowned for its high-tech expertise and will be well placed to take advantage of the technological business which is currently escalating in North Virginia region.
New York giant Simpson Thacher & Bartlett is sending three more partners out to its Silicon Valley office less than a year after opening. The office will grow to nine partners when the three move in from New York.
Skadden Arps Slate Meagher & Flom has appointed an M&A partner to bolster its Silicon Valley presence.
Mergers and acquisitions partner Gerard Mazet and tax partner Jean-Pierre LeGall join the firm just weeks after it hired capital markets partner Richard Vilanova from the Paris office of Stibbe Simont Monahan Duhot (The Lawyer, 27 November).
From February 2000, Lord Neill of Bladen QC - currently joint head of Temple-based chambers One Hare Court - will lead the new 44-strong set. The new chambers - which will be called Serle Court - will be based at 6 New Square, Lincoln's Inn.
The Capita Group acquires the remaining 74 per cent stake in Eastgate Group for £15m. The Capita Group represented by Herbert Smith (Tim Steadman). Shareholders Lion Holdings advised by Macfarlanes and Dukes Place Holdings represented by Debevoise & Plimpton.
It is a truth universally acknowledged that a medium-sized law firm must be in want of a merger that fills in the gaps. As we all know, that never happens; Berwin Leighton's current talks with Paisner & Co have tacitly acknowledged the impossibility of it.
Employee empowerment is a phrase that gets around. Whether it is a management text, a personnel magazine or an interview with a successful young e-business entrepreneur, everywhere you look someone is proclaiming their faith in the ideology of empowerment. And yet does anyone really know what it means? And for the few who do, are they really ready to embrace it? The fact is that we live in an age where human resource managers are desperate to prove their strategic worth to organisations. ...
Taken over by TMP for some £40m in July this year, QD is still regarded as the market leader in private practice legal recruitment. It turned over £16m last year, £11.5m of which was in legal, and placed nearly 80 partners. The most prolific mover of lawyers was Greg Abrahams, who personally found new jobs for nearly 20 partners and who billed a total of £1m. Other major placers of lawyers include Seamus Hoar, Sarah David, Gavin Sharpe, Nick Shilton and Will Cock, all of whom billed ...
Andrew Arden QC, head of Arden Chambers, is demanding the rules change because the market and the way barristers operate has changed.
Manchester firm Turner Parkinson is reaping the benefits of a business network system which matches potential buyers and sellers of companies.
The move by the Government's race watchdog comes after a stream of complaints by CPS staff that they have been racially harassed and victimised.
Weightmans and Hill Dickinson have called off their seven-month merger talks. The negotiations first hit the rocks in July when it is believed that both firms disagreed about partnership terms. Weightmans will now concentrate on implementing a strategic review of the firm.
Wilde and Partners the asset-based lending legal practice, has changed its brand identity and name to Wildes. The decision to rebrand is based on its expansion in the retail, leisure and property sectors. Developments include the introduction of 'e-lit-e', an internet-based litigation management system and 'Rapide', a responsive credit control and debt recovery system.
Eversheds has lost one of the UK's leading pensions partners to Yorkshire-based private client law firm Wrigleys.
Young & Co Brewery boosts portfolio with agreement to acquire 17 pubs for £5.8m from Bristol brewer Smiles Holdings. Young & Co was advised by Druces & Attlee (Wayne Smith, with Karen Chapman and Jeremy Spooner). Smiles Holdings advised by Osborne Clarke OWA (Michael O'Haire).
Having demerged from its secretarial recruitment division in the summer, ZMB was taken over by Hays for some £15m last month. With a turnover of around £6m, it placed approximately 30 partners last year.The rising stars at the moment are Yvonne Smyth and Andy Russell, who have stepped smoothly into the gap made by Joe Macrae's departure this summer. Smyth moved 10 partners last year, and both recruiters are thought to have each billed at least £500,000 in fees.