4 June 2001

The Lawyer

  • £1.2bn Thyssen trial could move to London

    4-Jun-2001

    The parties in the long-running Thyssen litigation are in a standoff over the future location of the £1.2bn proceedings.

  • 20 Essex St's Brower becomes tribunal judge at The Hague

    4-Jun-2001

    Charles Brower, who has had full-time legal posts representing two US presidents and is the co-founder of White & Case, has left 20 Essex Street to become a regular judge of the Iran-US claims tribunal in The Hague.

  • 4 Pump Court wins top construction silk

    4-Jun-2001

    Specialist construction set 4 Pump Court has taken on three barristers, including the seasoned silk Anthony Speaight QC.

  • A View from the Cayman Islands

    4-Jun-2001

    Where precisely do the Cayman Islands stand now that the dust has settled following the Organisation for Economic Cooperation and Development (OECD) and Financial Action Task Force (FATF) supranational initiatives on tax harmonisation and anti money laundering?`The short answer is that the legislative and regulatory amendments are sympathetic and, as a result, the Cayman Islands seem now better positioned in relation to their core institutional business, collective investment schemes, ...

  • A year ago this week

    4-Jun-2001

    US firms retaliate in war for London's top lawyers`This time last year the salary war between UK and US firms was just hotting up with US firms upping the ante by increasing pay rates for London lawyers.`Having waited for the outcome of the UK magic circle firms' April pay reviews, US firm Cadwalader Wickersham & Taft responded by significantly raising its rates. Milbank Tweed Hadley & McCloy decided on an increase from mid-Atlantic to New York rates, a move that standardised ...

  • A&O eyes Hackney HQ

    4-Jun-2001

    Northgate scheme hot favourite for new home; partners unwilling to mimic CC's Canary Wharf move

  • A&O raises Hong Kong profile with £1bn Swire Pacific deal

    4-Jun-2001

    The Hong Kong office of Allen & Overy (A&O) advised joint arrangers HSBC and Morgan Stanley Dean Witter on the establishment of a $1.5bn (£1.1bn) medium term note programme for Swire Pacific.`Although the firm is already a market leader in the medium term note programme, it is trying to develop its relationship with Hong Kong issuers.`Swire Pacific is one of the best known names in Hong Kong and ...

  • Ahead of the game

    4-Jun-2001

    However, given that the company's 91 shareholders are still self-employed barristers in the traditional mould, managed by two chief clerks, Clive Witcomb for crime and newly promoted Matt Fleming on civil and commercial, has anything really changed? Has St Philip's really transformed itself into the face of a modern and transparent bar or is it just another regional set, albeit a very large one?`There is no doubt that in the three years since the set was formed out of the ...

  • Arnold Porter

    4-Jun-2001

    Arnold Porter is the fourth US firm to join the Solicitor's Pro Bono Group (SPBG). The firm joined days after White & Case, Skadden Arps Slate Meagher & Flom and Millbank Tweed Hadley & McCloy. Sidley & Austin and Dechert ...

  • Asda Property Holdings pre-lets 32,000sq ft at 11 Bonhill Street to fibre optic telecoms business 186K

    4-Jun-2001

    Asda Property Holdings pre-lets 32,000sq ft at 11 Bonhill Street to fibre optic telecoms business 186K, a division of Lattice Group. Asda Property Holdings advised by Mishcon de Reya (Nick Doffman). 186K advised by Herbert Smith (David Taylor).

  • Ashursts reels as Paris star goes to Linklaters

    4-Jun-2001

    Ashurst Morris Crisp's Paris office is losing a top private equity partner to Linklaters & Alliance despite its recent affirmation to remain a pan-European private equity firm.

  • Asim chairman comes from Clarke Willmott

    4-Jun-2001

    Peter Nellist, partner and head of the private client department at Clarke Willmott & Clarke, has been made chairman of the Association of Solicitor Investment Managers (Asim).

  • Blake Lapthorn litigation head leaves practice

    4-Jun-2001

    Blake Lapthorn's head of litigation has quit his post in Taunton.

  • Bonus points

    4-Jun-2001

    Major change is taking place in the way that law firms reward staff, particularly the rank-and-file fee-earners. Pay rates and reward structures are being imported from US law firms via their London offices, and are leading to changes within City firms. One of the most noticeable changes is the greater use of bonuses.`While profit-sharing schemes are the basis of all professional partnerships, the use of bonuses in law firms for associates and assistants, and in some cases for non-fee ...

  • BT sells its directories business Yell to Hicks Muse Tate & Furst and Apax Partners for £2.14bn

    4-Jun-2001

    BT sells its directories business Yell to Hicks Muse Tate & Furst and Apax Partners for £2.14bn. BT advised by Allen & Overy (Eileen Kelliher). Hicks Muse and Apax advised by Weil Gotshal & Manges (Mike Francies) and Travers ...

  • Cap Gemini Ernst & Young agrees £55m outsourcing contract with the Prudential Group

    4-Jun-2001

    Cap Gemini Ernst & Young agrees £55m outsourcing contract with the Prudential Group. Cap Gemini Ernst & Young advised by Wragge & Co (Kate Lewis). Prudential advised by Shaw Pittman.

  • Cartwrights' insurance dept splits from firm

    4-Jun-2001

    Cartwrights' insurance litigation department is to launch its own specialist firm under the name of Cartwrights Insurance Partners when the rest of the Bristol firm merges with Bond Pearce in July.

  • CC Brussels launches tax practice with PwC team

    4-Jun-2001

    Clifford Chance is launching a tax practice from its Brussels office with the hire of a partner and team from PricewaterhouseCoopers (PwC) in Belgium.

  • Chepstow

    4-Jun-2001

    Addleshaw Booth & Co has a longstanding relationship with Chester-based Barlows, the latest listed property company to take itself private. Barlows has been trading at 23 per cent discount to net asset value.`Corporate finance partner Richard Lee was instructed by a consortium including Richard Fildes, the chairman and managing director of Barlows, and fellow executive director Andrew Bird. The consortium set up acquisition vehicle Chepstow to take Barlows private. The instruction should ...

  • City solicitors

    4-Jun-2001

    City solicitors are out in force as Conservative candidates this Thursday. Here is a list of the candidates, their firms and constituencies: Jonathan Djanogly, SJ Berwin, Huntingdon; Shielash Vara, CMS Cameron McKenna, Northampton South; Charles Elphicke, Camerons, St Albans; Neil Lyon,

  • Collyer Bristow takes on music firm Kanaar

    4-Jun-2001

    Collyer Bristow has swallowed music and entertainment practice Kanaar & Co in the week that it announced its first chief executive.

  • Davies Wallis launches legal transaction centre DWF Maxima

    4-Jun-2001

    North West law firm Davies Wallis Foyster has increased and diversified its presence in the region by launching a national centre for high-volume, process-driven legal transactions in Warrington.

  • Deal of the Week - YELL

    4-Jun-2001

    Once again, Weil Gotshal & Manges' great relationship with Hicks Muse scoops the firm an integral role on one of the biggest ever private equity deals in Europe. The deal overtakes the United Biscuits deal and Hillsdown in terms of size, both of which Weil Gotshal's Mike Francies was involved with.`Francies had to convince Apax, which the firm had worked with in the US, that the UK capability ...

  • Dolmans in Cardiff

    4-Jun-2001

    Dolmans in Cardiff is taking on a lawyer from Morgan Cole as a partner in its company commercial team. Johnathan Rees (right) is joining the business services division.

  • Employment practice breaks away from Negri-Clementi

    4-Jun-2001

    The employment practice of leading Italian law firm Negri-Clementi Toffoletto Montironi & Soci (NCTM) has demerged from the rest of the firm as pursues its role in European employment law alliance Ius Laboris.

  • England and Wales Cricket Board sells its TV broadcasting rights

    4-Jun-2001

    England and Wales Cricket Board sells its TV broadcasting rights for the three cricket seasons 2003-2005 giving exclusive rights to Channel Four and BSkyB for £150m. England and Wales Cricket Board advised by Denton Wilde Sapte (Adrian Barr-Smith). Channel Four represented by Olswang. BSkyB advised in-house by Matt Oliver.

  • Eversheds partner to expand Tite & Lewis

    4-Jun-2001

    Ernst & Young's law firm Tite & Lewis is branching out into private equity work and hiring a partner from Eversheds in London.

  • Ex-Hammonds litigation head joins Steptoe

    4-Jun-2001

    Newly-merged transatlantic firm Steptoe & Johnson Rakisons is taking on the former head of litigation at Hammond Suddards Edge in Manchester.

  • Finance

    4-Jun-2001

    Some might say that Norton Rose has a problem with its image. You may be wondering why its logo looks like an embroidered egg - or is it a bridge table? - and your confusion is understandable as it is only on closer inspection that you will be able to decipher the letters pertaining to the four points of a compass.`But what is its meaning? Does the compass reflect the firm's focus on its shipping practice? ...

  • Freshfields lands first private equity job at Morgan Grenfell

    4-Jun-2001

    Freshfields Bruckhaus Deringer has scooped its first piece of work for Deutsche Morgan Grenfell Private Equity after usual firm Allen & Overy (A&O) was conflicted out.

  • Freshfields Munich wins B&M corporate star

    4-Jun-2001

    Baker & McKenzie in Düsseldorf is losing a top corporate partner to Freshfields Bruckhaus Deringer.

  • Freshfields takes Germany to the ICJ

    4-Jun-2001

    Freshfields Bruckhaus Deringer is taking Germany to the International Court of Justice alleging the violation of international law.

  • Halliwell Landau opens up equity partnership

    4-Jun-2001

    Halliwell Landau has boosted its traditionally tight equity partnership by four, bringing the number of equity partners to 32 of a total of 57.

  • Hammerson leases 33,700sq ft at 99 Bishopsgate to Deutsche Bank at an annual rent of £2m

    4-Jun-2001

    Hammerson leases 33,700sq ft at 99 Bishopsgate to Deutsche Bank at an annual rent of £2m, worth £31m over the term of fifteen and a half years. Hammerson advised by Herbert Smith (Iain Rothnie). Deutsche Bank advised by Linklaters & Alliance (James Knox). Outgoing tenant Donaldson Lufkin & Jenrette advised by SJ ...

  • Hammond Suddards Edge

    4-Jun-2001

    Hammond Suddards Edge is in the early stages of merger talks with Italian firm Rossotto e Associati. Hammonds has been trying to set up a European practice since leaving the Commercial Law Affiliates network six months ago. Hammonds hopes to announce the merger before the end of the year.

  • Harvard Law School

    4-Jun-2001

    Harvard Law School is to pay off tuition loans for graduates who take public sector jobs. Harvard law students pay £26,000 a year for tuition fees, but if a graduate takes a job in government, a non-profit organisation or academia, the law school will meet their loan repayments.

  • Herbert Smith to advise retail chain administrator

    4-Jun-2001

    Herbert Smith is advising Levy Gee as the administrator of Jeffrey Rogers Retail.`The women's retail business went into administration on 18 May 2001.`Levy Gee has instructed Herbert Smith because of its relationship with corporate recovery partner Stephen Gale, which stems back to his time at Hammond Suddards Edge.`Jeffrey Rogers has been suffering losses for a number of years and had accumulated a debt in the region of euro15m (£10.6m).`The original plan to put a rescue strategy in ...

  • Identrus

    4-Jun-2001

    In February last year, the Identrus operating rules were being finalised and Lovells was advising Nat-West, HSBC and Barclays on the finalisation of the draft rules. The Identrus scheme has more than 40 member financial institutions from North America, Europe and Asia which have agreed to be subject to Identrus's uniform system rules. These specifications have been set up to ensure compatability of e-commerce identity validation services between member institutions and their customers.`Lead

  • Investment and development company Barlows takes itself private in a deal which values its existing share capital at approximately £37m

    4-Jun-2001

    Investment and development company Barlows takes itself private in a deal which values its existing share capital at approximately £37m. Acquisition vehicle Chepstow advised by Addleshaw Booth & Co (Richard Lee). Barlows advised by Stephenson Harwood (Andrew Sutch).

  • Lathams bolsters NY insolvency with hire from Simpson Thacher

    4-Jun-2001

    Los Angeles firm Latham & Watkins is bulking up its insolvency practice in New York and hiring a lawyer from Simpson Thacher & Bartlett.

  • Leader

    4-Jun-2001

    How times change. Collyer Bristow has just appointed a former client care manager as its chief executive, in the shape of Jonathan Fox, who was formerly at DLA.`Now I am sure that among some of the old school there will be a raised eyebrow or two about the fact that a marketeer is overseeing a law firm, but mostly the response will be friendly interest.`For now law firms are really getting to grips ...

  • Lovells

    4-Jun-2001

    Lovells has recruited the general secretary of global telecoms giant Nortel for its Beijing office. Robert Lewis is an expert in corporate and regulatory matters in the telecoms industry. Lovells international projects chief Marc Bartel appointed Lewis as part of his strategy to tap into telecoms work in Asia.

  • Lovells becomes Equitable's top adviser

    4-Jun-2001

    Troubled mutual Equitable Life has named Lovells as its main legal adviser, despite its historic relationship with Denton Wilde Sapte.

  • Lovells hires niche IP lawyer from Paris rival

    4-Jun-2001

    Lovells is continuing its expansion in Europe as the Paris office takes on an intellectual property (IP) partner from local firm Dubarry Le Douarin & Veil.

  • Marylebone Warwick Balfour appoints Marriott Hotels to operate a new central London hotel at 140 Park Lane

    4-Jun-2001

    Marylebone Warwick Balfour appoints Marriott Hotels to operate a new central London hotel at 140 Park Lane. Marylebone advised by Garretts (Andrew Little) and Finers Stephens Innocent. Marriott advised by Bryan Cave.

  • Masons

    4-Jun-2001

    Masons has made up 10 partners: Gordon Bell in international arbitration; Mark Blanksby, Hew Kian Heong, Mike O'Shea and Mark Harris in construction and engineering; Jon Hart, Sarah Thomas and Mark Job in infrastructure; Stefan Paciorek in commercial dispute resolution; and Nicola Seager in property litigation. The firm now has 99 partners.

  • Max Thorowgood

    4-Jun-2001

    Max Thorowgood has asked us to clarify following last week's article '5 King's Bench swoops as Mitre Court closes' that he moved to 17 Bedford Row in December 2000. It was also stated that Philip Brown and Mukhtiar Otwal moved to 7 Bedford Row instead of 33 Bedford Row. They also moved in December.

  • McKinsey warns Slaughter and May: your clients will want you to go global

    4-Jun-2001

    Study of 50 International legal practices reveals law firms trail industry; Skadden Arps tipped for future domination

  • Mills & Reeve names Jeffries for top role as Ogilvy is ousted

    4-Jun-2001

    Cambridge-based law firm Mills & Reeve has appointed a new managing partner to take over from Duncan Ogilvy, who was voted out after six years in office.

  • Morgan Stanley and Deutsche Bank are lead managers

    4-Jun-2001

    Morgan Stanley and Deutsche Bank are lead managers in a concurrent secondary offering of Elior shares and a convertible bond offering by Elior worth euro227m (£160m) and euro130m (£91.6m) respectively. Lead arrangers represented by Cleary Gottlieb Steen & Hamilton (Andrew Bernstein, Fabrice Baumgartner). Elior represented by Willkie Farr & Gallagher.

  • Needham & James woos Manby & Steward partner

    4-Jun-2001

    Multi-office Midlands firm Needham & James has tempted an M&A partner from Manby & Steward to head its corporate team as part of its attempt to get younger partners on board.

  • Nomura

    4-Jun-2001

    CMS Cameron McKenna was instructed to advise longstanding client Nomura International's Principal Group on its bid for Meridien Hotels some six months ago. The deal was closed just 21 days after Nomura was announced as preferred bidder.`Camerons' corporate partner and relationship partner for Nomura Richard Price led a team of more than 80 lawyers in the UK and brought in lawyers from the CMS network and associated ...

  • Nomura buys Meridien Hotels for £1.9bn from Compass Group

    4-Jun-2001

    Nomura buys Meridien Hotels for £1.9bn from Compass Group. Nomura International advised by Clifford Chance (Arthur Dyson, Robert Porter) and CMS Cameron McKenna (Richard Price). Compass advised by Freshfields Bruckhaus ...

  • Opinion

    4-Jun-2001

    On 23 May, Mr Justice Moses handed down his judgment in the Interbrew/Bass case. In an unprecedented ruling, the January decision of the Secretary of State for Trade and Industry requiring the divestment of Bass by Interbrew was overturned.`Interbrew's challenge to the Competition Commission and Government's decisions was based on the argument that the remedy was disproportionate and the procedure unfair. Interbrew did not seek to challenge the adverse public interest effects ...

  • Osborne Clarke in supermodel sweep

    4-Jun-2001

    Osborne Clarke scored a PR coup in Germany last week when its Cologne managing partner received a phone call from a supermodel in front of 16 million people.

  • Shakespeares

    4-Jun-2001

    Shakespeares, the Midlands firm, has elected head of its personal injury department Gary Christianson (left) to managing partner. He succeeds Andrew Argyle who returns to full-time fee-earning. Christianson will hold the role for three years and will continue to handle client work. He currently bills more than £1m a year.

  • Shearmans Paris head takes worldwide helm

    4-Jun-2001

    New York giant Shearman & Sterling has named its first ever firm-wide managing partner from an office outside the US.

  • Split decisions

    4-Jun-2001

    Henry Brookman has recently had the sort of press coverage that many advertising agencies dream about. Front page of The Guardian, page five of the Daily Mail, in addition to most of the other national newspapers, discussed on daytime television and follow-ups from around the world.

  • TD Securities and Bank of Scotland are lead arrangers

    4-Jun-2001

    TD Securities and Bank of Scotland are lead arrangers on the senior debt financing of start-up broadband cable television company eOn Communications Corporation. Financing split between revolving credit facility of £135m, junior facility of £20m and £110m equity from Madison Dearborn Partners, TD Capital Communications Partners, Incepta Partners and GE Capital Telecom. TD Securities and Bank of Scotland represented by

  • The Accident Group

    4-Jun-2001

    The Accident Group. In the 'Reportage' column in the 7 May issue of The Lawyer reference was made to the Accident Group (or TAG as it is known). We are happy to make it clear that we did not intend to suggest that TAG engages in any unlawful or improper activities of any description and accept that it does not do so. We apologise to the Accident Group for any misunderstanding that may have arisen.

  • The Bigger Picture

    4-Jun-2001

    UCI's passion for turing unused sites into entertainment meccas sets it apart from the rest and with a growing number of European operations, the company's legal department is always on the lookout for support. Naomi Rovnick reports

  • The deal makers

    4-Jun-2001

    Organisation: Rotch Property Group`Sector: Financial engineering`Employees: 350`Legal capability: One in-house lawyer`Group general counsel: Meena Heath`Reporting to: The board`Main law firms: Ashurst Morris Crisp (telecoms), Clifford Chance (securitisation & PFI), Julian Holy (property),

  • The Information Commissioner Elizabeth France

    4-Jun-2001

    The Information Commissioner Elizabeth France has hired two new lawyers for her management team to cope with the impact of the 2000 Freedom of Information Act. Former chief executive of Oldham Council Graham Smith has been appointed Deputy Commissioner. Nicholas Tyler, who has been acting legal adviser to the Information Commissioner for the past year, becomes legal adviser.

  • The personnelity

    4-Jun-2001

    As you will have noticed over the past few weeks, we live in an age of opinion polls and focus groups. It seems that the guiding principle for New Labour is to keep everyone onside and to annoy as few as possible. And while opinion remains divided about how accurate polls are, what better way to test prospective policies than with a few well-structured focus groups?`But what impact are all these focus groups having outside of politics, besides making a few market researchers and psephologists ..

  • The Thyssen saga continues

    4-Jun-2001

    London is being eyed as a venue for the forthcoming replay of the Thyssen litigation.

  • Tired of London

    4-Jun-2001

    Last month, Mayor of London Ken Livingstone unveiled a planning blueprint for London over the next two decades. One commentator snappily dubbed the former leader of the Greater London Council's (GLC) vision 'the skyscraper manifesto'.`Hyperbole aside, there is much to keep developers and planning professionals smiling in 'Towards the London Plan'. Kate Hall, chairman of the Law Society's planning and environmental law committee and partner at DLA, calls ...

  • US leasing group El Camino Resources sells its European leasing businesses to CHG-Meridian

    4-Jun-2001

    US leasing group El Camino Resources sells its European leasing businesses to CHG-Meridian and its European IBM distribution and services businesses to an investor group. El Camino advised by SJ Berwin (Martin Bowen). CHG-Meridian advised by Lienau Lotz & Partner (Alexander Lienau).

  • Wiggin & co

    4-Jun-2001

    Cheltenham, home of the racecourse, is also home to Wiggin & Co, which has just helped the Racecourse Association sell the media rights for its 59 racecourses. But Wiggin & Co is not a one-horse firm that got this instruction through its Cheltenham connections. Rather, it is a media and private client niche practice with enough high-profile entertainment companies on its books to rival any City firm.`The ...

  • Work boom fires Irwin Mitchell

    4-Jun-2001

    Sheffield firm Irwin Mitchell has increased its turnover by more than a fifth for the fifth year running.