5 May 2003

The Lawyer

  • 'But adjust bought a car'

    6-May-2003

    Tulkinghorn was chatting to one of his Clifford Chance cronies the other day, who happened to mention in passing that, sadly, one of his colleagues had been "adjusted".In his confusion, Tulkinghorn thought it might be some comment about the mental state of the colleague - perhaps something along the lines of maladjusted (which sort of fits with working at Clifford Chance). But apparently ...

  • A&O plans to double NY litigation

    6-May-2003

    Allen & Overy (A&O) is pouring money into its New York litigation practice, which opened just two months ago, where it hopes to more than double the number of fee-earners from 10 to 25 by next spring.

  • Addleshaws partners to retire later post merger

    6-May-2003

    Legacy Addleshaw Booth & Co partners now have to work for an extra two years before retirement, as the firm has raised its retirement age to match that of its merger partner Theodore Goddard.

  • Angel confirmed as Linklaters chief

    6-May-2003

    Linklaters has re-elected Tony Angel as worldwide managing partner.Angel, who, it is understood, was elected after standing uncontested, has held the post since November 1998 and will now serve until June 2007.During his first term, the firm has grown throughout Europe through a range merger as well as forging joint ventures with, for example, Allen & Gledhill in Singapore. ...

  • Anger as RCJ funding for litigants in person shelved

    6-May-2003

    The Royal Courts of Justice Citizens Advice Bureau (RCJCAB), where thousands of City lawyers offer pro bono advice to litigants in person, is facing closure

  • Ashursts former finance head resurfaces at Norr Stiefenhofer

    6-May-2003

    Ashurst Morris Crisp’s former German head of finance Hans Gunther Nordhues has re-emerged at Norr Stiefenhofer Lutz, Macfarlanes' 'best friend' in Germany.Nordhues left Ashursts last month following what the firm’s German managing partner Wolf Murkel termed "an amicable settlement." ...

  • Ashursts merger failure compounded by loss of finance partner

    8-May-2003

    Ashurst Morris Crisp has been hit with yet more bad news after it emerged that finance partner Stephen Short is leaving for Simpson Thacher & Bartlett. As exclusively revealed by The Lawyer (Grapevine, 7 May), Simpson Thacher’s partners are yet to vote on hiring Short, who will become the firm’s second UK partner after former Allen & Overy banking star Euan Gorrie joined the ...

  • Ashursts to turn its back on US after merger hopes crash

    6-May-2003

    Ashurst Morris Crisp has released an extraordinary statement over the collapse of its merger talks with Fried Frank Harris Shriver & Jacobson – admitting that a link-up with US firm is now "off the agenda".Ashurst’s managing partner Justin Spendlove said that a transatlantic merger was not the plan for "the foreseeable future" and that the firm would concentrate its efforts on ...

  • Axa warns panel firms as it starts cost-cutting review

    6-May-2003

    Sixteen law firms on tenterhooks as insurance giant set to chop panel places; no chance to retender

  • Bad pitch

    6-May-2003

    Tulkinghorn would have thought all English people realised that, when it comes to football, the South Americans rarely need our help. But apparently that fact has passed Lewis Silkin lawyer Sean Dempsey by. During a recent football clash against Argentinian ius laboris firm Funes de Rioja & Asociados, Dempsey, as the Lewis Silkin centre, opened the scoring - with an own goal. At half-time he was ...

  • Bonelli raids A&O for London banking drive

    6-May-2003

    Slaughter and May’s best friend Bonelli Erede Pappalardo has strengthened its London office by hiring the UK head of Allen & Overy’s (A&O) Italian desk. Riccardo Sallustio, a banking partner has been in charge of A&O London-based Italian desk since January 2002 and overall has spent five years at the UK firm. His move to Bonelli Erede Pappalardo’s ...

  • Bradbury Roberts trainee cleans up at awards

    6-May-2003

    Bradbury Roberts & Raby trainee Louise Brown became the Zurich Trainee Lawyer of the Year at the 2003 National Trainee Awards last week. Brown, who also won awards for the Best Trainee Working for a Regional Firm and the Trainee Most Likely to Make a Significant Contribution to the Community, was rewarded for spearheading a campaign to establish a contact centre in Scunthorpe, designed as a safe environment for estranged families to meet. The Most Promising Pupil Award, sponsored by Lawyer ...

  • Brown Rudnick cuts three from London base

    6-May-2003

    Brown Rudnick Berlack Israels has made two salaried partners and one associate redundant from its London office. The firm attributes the cuts to the technology downturn, which is one of its core areas, and it leaves the office with five partners and three associates.

  • CC hires ex-Arthur Andersen head as US COO

    6-May-2003

    Arthur Andersen's former head of North America has resurfaced at Clifford Chance as its new US chief operating officer. Terry Hatchett, a partner at Arthur Andersen for 34 years until its collapse, will work closely with Americas managing partner John Carroll as well as practice area leaders and regional management. Hatchett was considered one of Arthur Andersen's biggest rainmakers. First revealed ...

  • Chancery precision

    6-May-2003

    Despite the minefield of high-profile cases the Chancery Division is involved in, it is admired across the world. Anthony Trace QC and Oliver Michell report

  • Coller hires Dewey star for NY launch

    6-May-2003

    Dewey Ballantine has sealed its relationship with Coller Capital after the UK private equity house hired one of the firm's partners to open its New York office.

  • Conseco's bankruptcy adds to US law firms fee bonanza

    6-May-2003

    The boom in restructuring fees for US lawyers is continuing unabated as Conseco becomes the latest bankruptcy to add to the growing cash pile.

  • Corporate deals round-up

    6-May-2003

    Ashurst Morris Crisp (James Perry) acted for the Man Group and its Swiss subsidiary RMF Investment Products on Man's acquisition of a majority equity interest in Westport Private Equity and a minority equity interest in Parallel Ventures Managers. Macfarlanes represented the sellers.

  • Curtis Davis Garrard scoops Sembawang Shipyard arbitration from Norton Rose

    6-May-2003

    Norton Rose has been taken off London's largest ever arbitration, on behalf of Sembawang Shipyard, and has been replaced by six-partner niche shipping firm Curtis Davis Garrard.

  • Darbys

    6-May-2003

    Review underlines the strategic importance of a diverse practice

  • Deal of the week - Scottish & Newcastle

    6-May-2003

    S&N snubs Linklaters for Freshfields

  • Denton Wilde Sapte axes seventy in London

    6-May-2003

    Denton Wilde Sapte is making up to 40 fee-earners and 30 support staff redundant in London in a drastic bid to counteract the effects of the current economic climate.

  • Dentons lands monumental Allseas arbitration

    6-May-2003

    Denton Wilde Sapte has scooped the lead role advising Allseas in one of the largest arbitrations in history.

  • DJ Freeman clients sideline Olswang

    6-May-2003

    In a further blow to Olswang, two more former DJ Freeman property clients, Carillion and SecondSite (formerly Lattice Property), are to sever ties with their former advisers, who relocated to Olswang.

  • DLA's Dickerson takes national IP top spot

    6-May-2003

    DLA partner Jeremy Dickerson (left) has been appointed national head of intellectual property (IP). Former head of IP George Godar becomes head of patents. Dickerson joined the firm from Hammonds in September last year, where he was also head of IP. He takes charge of a team of 11 partners and around 15 other fee-earners across the UK, which includes Godar's patents team.

  • Doors of deception

    6-May-2003

    Oh the spoilsports at New Change. Allen & Overy's (A&O) cuddly reputation for work-life balance is boosted by Tulkinghorn's revelation that the firm once had a door leading directly from the firm's offices to the Balls Brothers wine cellar next door. Sadly, though, the door was bricked up (boo!). The magic circle firm is reputedly plotting a more healthy alternative for A&O lawyers (boo!). Perhaps when they move into their new Spitalfields home, they will ...

  • Earth to Lightman

    6-May-2003

    Chris Owen on why the bar is baffled by Mr Justice Lightman's recent attack on the legal profession

  • EC moves to welcome non-EU practitioners

    6-May-2003

    A large step has been made by the European Commission towards guaranteeing non-EU lawyers and law firms the right to establish themselves in any EU member state, with this principle being offered at the World Trade Organization's Doha Development Round.

  • Ernst & Young firm in German limbo

    6-May-2003

    Ernst & Young's German firm Luther Menold lost two partners last week.

  • Flying Fysh

    6-May-2003

    Phileas Fogg, that indomitable character in Jules Verne's novel Round the World in 80 Days, would have felt some affinity with our popular head of the Patents Appeal Court Michael Fysh QC, as Fysh is both a voracious traveller and has recently has taken up a deep interest in ballooning as a result of his involvement in a case concerning a hot air balloon manufacturer.But each time he has sought a ride in one of the company's products, foul weather and rough winds ...

  • Freshfields retains dual head strategy

    6-May-2003

    Freshfields Bruckhaus Deringer will continue with its joint Anglo-German management system when the firm reviews its practice group co-heads this summer.

  • Garretts link gives Olswang RBS instruction

    6-May-2003

    Olswang has used its Thames Valley connections to win a first instruction from the Royal Bank of Scotland (RBS). The firm has completed the property and finance aspects of a small London development, but is already advising on far larger acquisition finance jobs.

  • Glossy and drossy

    6-May-2003

    Tulkinghorn was delighted to receive a copy of Stephenson Harwood's Annual Review 2002, entitled 'People Like Us'. It's such a good read that for the next few weeks Tulkinghorn will be reproducing extracts for your enjoyment. The review includes a number of photos that serve, we suppose, to illustrate the firm's unique culture and abilities.This week, then, ...

  • How doing a friend a favour can turn sour

    6-May-2003

    Naomi Rovnick reports on how Olswang fought off a negligence claim from a ’mate’

  • It's off: Ashursts Fried Frank talks collapse

    6-May-2003

    Ashurst Morris Crisp and Fried Frank Harris Shriver & Jacobson have called off merger talks.It is understood that the long drawn out negotiations finally collapsed at some point over the weekend. The collapse signals the third time that Ashursts has failed to tie down a merger after talks with Clifford ...

  • Jacob favourite for Appeal Court

    6-May-2003

    Jacob, Laddie, Neuberger and Pumfrey line up as speculation mounts as to who will be Irvine's choice to replace Aldous

  • Kellerman to lead Morgan Lewis Palo Alto push

    6-May-2003

    Brobeck Hale & Dorr’s former managing partner has resurfaced at Morgan Lewis & Bockius. Tom Kellerman stepped down as managing partner of Brobeck Hale & Dorr, the European joint venture between Brobeck Phleger & Harrison and Boston-based Hale & Dorr, in February shortly after the collapse of the West Coast firm.Shortly before his decision to give up the role and eventually move to a new firm, it was announced that Hale & Dorr would ...

  • Kirkland & Ellis offers $9m profits deal to lure Fried Frank rainmaker

    6-May-2003

    Kirkland & Ellis' appointment of a Fried Frank Harris Shriver & Jacobson senior partner will set the firm back $9m (£5.6m) over three years, as part of an astounding guaranteed profits deal.

  • KLegal and Olswang go head-to-head on behalf of potential Selfridges buyers

    6-May-2003

    Two firms not best known for M&A work, KLegal and Olswang, are believed to be working on bids for upmarket department store chain Selfridges, making it the second takeover bid on which they have been up against one another in 2003.

  • Leader

    6-May-2003

    What a vindication for Lovells. Outside the magic circle, it's always been Herbert Smith that has got the attention. But if you look at our preliminary findings on year-end figures, Lovells could end up being the fashionable firm to the chasing pack. It looks set to post figures of around £390m - a highly impressive 20 per cent increase in turnover.

  • Linklaters faces recession with staffing clampdown

    6-May-2003

    Linklaters' overseas network is feeling the heat of the firm's determination to manage staffing levels aggressively.

  • Liverpool and Manchester secure seven QCs in latest appointments

    6-May-2003

    This year's QC appointments in the North West have increased by more than a third, with seven barristers taking silk compared with last year's four

  • Lord Irvine signals end for Queen's Counsel

    6-May-2003

    The Lord Chancellor last week indicated that he will be swapping the silks system for a quality mark set up by the barristers' profession. The surprise concession by Lord Irvine follows his recent decision to appoint more silks than ever before. The Office of Fair Trading concluded in 2001 that it was "hard to see" the benefits of the system. Speaking at the ceremony for the presentation of silks awards, Lord Irvine also announced that he will not make any silks appointments in 2004. ...

  • Masons associate returns bearing AOL as a gift

    6-May-2003

    Masons has poached back an associate who had left the firm and in the process won back prize client AOL.

  • Milbank nabs Clifford Chance IP litigator

    9-May-2003

    Milbank Tweed Hadley & McCloy’s London office is branching out into intellectual property litigation after taking on a highly-rated Clifford Chance (CC) partner.David Perkins, 59, who retired from Clifford Chance on 30 April, is the second magic circle lateral Milbank Tweed has scooped this year. The firm scored a coup by taking on

  • MP challenges ECB Zimbabwe decision

    6-May-2003

    The England and Wales Cricket Board (ECB) could face a legal challenge over its decision to proceed with the controversial Zimbabwe tour, which is due to start later this month.

  • New ASB Law chief vows to expand in South East

    6-May-2003

    South East firm ASB Law has appointed corporate lawyer Russell Bell as its new senior partner, after Ray Harris completed his term at the end of April. Symbolically, Bell is a corporate lawyer, whereas Harris is a private client specialist. Bell, who has been at the firm for thirty years and who also had a stint as managing partner, said he was looking forward to playing his part in achieving further significant growth for the firm. He said: "Our ...

  • New ING legal chief to kickstart global panel

    6-May-2003

    A&O, CC, Freshfields, Herbert Smith, Linklaters and Stibbe all poised to win work

  • Opinion

    6-May-2003

    Many of Europe's football clubs are facing an uncertain financial future - television revenues have nose-dived and the transfer market has all but disappeared. Yet, at the same time, players' salaries have continued to soar

  • Orrick in West Coast merger bid for Venture Law Group

    6-May-2003

    Orrick Herrington & Sutcliffe is in talks with West Coast technology firm Venture Law Group (VLG) about a possible takeover.

  • Osborne Clarke partner quits for Richards Butler

    6-May-2003

    Pattie Walsh, the third employment partner to leave Osborne Clarke this year, has joined Richards Butler.

  • Out of the East…

    5-May-2003

    New Norton Rose chairman Paul Giles says he doesn't have a great vision for his new role. Emma Vere-Jones meets a man who doesn't like to plan

  • Oxford Institute of Legal Practice faces more unrest as chief leaves

    6-May-2003

    The Oxford Institute of Legal Practice (OILP) faces a difficult summer following the announcement that Professor Nick Johnson is leaving after 10 years at its helm.

  • Partner promotions in the North West

    6-May-2003

    Spring is in the air and law firms across the North West are showing off this season's new partners

  • Paul Hastings builds Asian securitisation practice with Sidley Austin captures

    7-May-2003

    Paul Hastings Janofsky & Walker’s Hong Kong office has nabbed a team of lawyers from Sidley Austin Brown & Wood’s Asian securitisation practice.UK-qualified partner Neil Campbell joined Paul Hastings on 1 May, taking along senior associate Michelle Taylor and associates Nima Farkhondeh, Rachel Purchas and Tracy Kung.Neil Torpey, Paul Hastings vice-chair in ...

  • Pillsbury welcomes back former chairman

    6-May-2003

    Pillsbury Winthrop's former chairman Alfred Pepin is rejoining his firm in what some believe is a move to strengthen its relationship with client ChevronTexaco. Pepin retired from Pillsbury in January 2000 at the age of 58.

  • Pinsents Manchester outperforms targets

    6-May-2003

    Pinsent Curtis Biddle's Manchester office is on course to achieve its first full-year turnover target of £3m

  • Private defective

    6-May-2003

    The Government has taken some stick for its unfriendly policies concerning private investment in public projects. But, as Mark Hollowell reports, it is finally listening to lawyers' complaints

  • Pubic information announcement

    6-May-2003

    A beauty this week from Tulkinghorn's collection of embarrassing law firm names. Apparently there's a small outfit in New York called Mirkin & Gordon. For those not familiar with the word, a merkin (correct spelling) is a pubic wig, most common in the 16th and 17th centuries, when syphilis was rather prevalent. Coming a close second to Mirkin & Gordon in the embarrassing name department is UK firm Moon Beever. Tulkinghorn is too well brought up to explain why.

  • Scottish Amicable turns to Simmons

    6-May-2003

    Simmons & Simmons has scored a one-off instruction from CMS Cameron McKenna client Scottish Amicable after it advised both the Prudential-owned fund and Dutch fund PGGM on the sale of 22 Hanover Square.

  • Shaw Pittman IT partner quits to join Pillsbury

    9-May-2003

    Pillsbury Winthrop has hired IT partner Jennifer Mattingly from US competitor Shaw Pittman.Mattingly joins as a partner in the firm’s London office. She has led some high profile transactions in the UK including Cable & Wireless’s $1.4bn (£870m) global migration to a voiceover internet protocol network."Moving to Pillsbury Winthrop made perfect sense, as the firm provides an excellent platform from which to serve my clients. The resources are very deep ...

  • Siemens snubs CC as Cleary wins Alstom deal

    6-May-2003

    Cleary Gottlieb has elbowed aside Clifford Chance Pünder to advise Siemens on its E1.1bn (£767.9m) acquisition of Alstom's industrial turbine business.

  • Simmons Italian commercial head takes team to Morano

    6-May-2003

    Simmons & Simmons' troubled Italian practice has lost its head of commercial, as well as a local partner, a senior consultant and 10 associates, to corporate finance boutique Morano & Associati

  • Simmons opens in Qatar

    7-May-2003

    Simmons & Simmons is set to launch an office in Qatar later this year on the back of its government work and recent developments regarding the country’s vast natural gas reserves.The new office is due to open in September after gaining partnership approval earlier this week. The firm opened an office in Abu Dhabi in 1994 and the Qatar office will take its international network up to 19 offices.Simmons says the office will enable the firm to build on its close relations ...

  • Slaughters keeps newbies on £50K wage

    6-May-2003

    Slaughter and May has opted to keep its newly-qualified salaries static at £50,000, despite reviewing its decision following Clifford Chance's announcement of a dip in pay to £48,000 per year. Allen & Overy,

  • Sutti gains Bucharest capability via Vitzman acquisition

    9-May-2003

    Italian firm Studio Legale Sutti has launched an office in Bucharest after taking over Vitzman Webster & Partners, the fourth-largest practice in Romania in terms of size and turnover.The merger completes Sutti’s expansion into southeast Europe. The firm also opened offices in Sofia in Bulgaria and Belgrade in 2001 and 2002 respectively.Sutti managing partner Stefano Sutti said: "Having no plans nor ambitions of going global ourselves, we realised at ...

  • Taking cover

    6-May-2003

    The post-war reconstruction of Iraq could be put on hold unless the insurance industry is prepared to underwrite new risks. Juliet Blanch and Peter Hardy report

  • The German M&A market: bringing firms down to size

    6-May-2003

    Biggest does not necessarily mean best in Germany, as Aled Griffiths discovers

  • The story so far

    6-May-2003

    Last week, The Lawyer reported that Linklaters is getting closer to Italian ally Gianni Origoni Grippo & Partners. The two firms have pledged to discuss a merger within the next two years as part of a revised joint venture agreement signed earlier this year. Rumours of a second invasion of Anglo-Saxon firms are rife as firms such as Shearman & Sterling and Latham & Watkins eye the rich pickings ...

  • Theodores associates follow departed partners

    6-May-2003

    Five further legacy Theodore Goddard (Addleshaw Goddard since 1 May) fee-earners are to join banking partners Michael Black and Jayesh Patel at Denton Wilde Sapte this week, now that the City firm has confirmed its merger with Addleshaw Booth & Co. Black and Patel, along with six partners due to go to Salans, left Theodores on 30 April. Salans will also take on five Theodores assistants: one will ...

  • Top City firms set to post revenue hikes for 2003

    6-May-2003

    The Lawyer can reveal that Lovells' turnover has rocketed by 20 per cent to £390m over the last financial year as part of our initial findings on City firms' revenues for 2002-03.

  • US law firms inject huge sums into presidential campaigns

    6-May-2003

    Law firms dominate the corporate donor list; Skadden Arps gives $57,000 to the Democrats

  • Virgin Atlantic legal chief quits for Liberty International

    6-May-2003

    Virgin Atlantic head of legal Hugh Ford has quit for FTSE 100 property company Liberty International.

  • Weathering the winter

    5-May-2003

    When Sandra Basaran was hired by Winterthur Life, she got more than she bargained for. Husnara Begum reports

  • What a wheeze

    6-May-2003

    Tulkinghorn applauds the efforts of Herbert Smith property guru David Taylor, who along with client Mark Glatman of Abstract Securities raised £100,000 for the Sick Children's Trust after running the London Marathon last month (although 'running' may not be the most accurate description of Taylor's amble over 26 miles). Tulkinghorn can reveal that young David's stately progress was marked by 20 fags, a dodgy hamburger and a series of increasingly desperate ...

  • Wragges announces profit hike

    6-May-2003

    Birmingham giant Wragge & Co has announced a 6.3 per cent jump in profits for 2002-03, even though its turnover has risen by just 2 per cent.

  • Yesterday's man

    6-May-2003

    Mr Justice Lightman's criticisms about the modern legal profession are missing the point, says David Gold