6 December 2004
Lovells (Simon MacDonagh, Richard Stones, Rachel Kent) advised ING Group on an agreement to sell the portfolio business of Baring Asset Management. US-based MassMutual Financial Group is buying Baring’s investment management business, including €26bn (£13.51bn) of assets under management, while Chicago’s Northern Trust Corp will buy its financial services group. MassMutal advised by Slaughter and May ...
The awards season got off to a flying start last week with the great and the good flocking to the glitziest, glammest event of the year. Yes, the British Independent Film Awards were held at London’s Hammersmith Palais on Tuesday (30 November). Tulkinghorn was kindly invited down by outgoing Osborne Clarke film finance legend Phil Alberstat to witness the debauchery that only film stars do so well.
ABN Amro’s global head of legal of global equity derivatives has quit the Dutch investment bank to join Nomura in a non-legal role.
Pinsents instructed after Williams and McLaren miss out on sell-off of F1 commercial and media rights
Clifford Chance’s (CC) hopes for a quick resolution in its battle with Brobeck Phleger & Harrison has hit the rocks after a US bankruptcy court dramatically rejected the magic circle firm’s multi-million dollar settlement offer.
Clifford Chance has sealed its first major UK deal for Blackstone Capital Partners (BCP), advising on the private equity firm’s recommended bid for care home business NHP.
The chairman of Scottish firm Burness, John Rafferty, has stepped down after seven years in the job.He has been replaced by Philip Rodney whose former post as head of Burness’ dispute resolution practice has been taken over by 31-year-old David Morgan.During Rafferty’s chairmanship Burness has seen turnover grow threefold to £15m. It has also moved to new offices in Edinburgh and doubled the size of its Glasgow office.Rodney commented: "By any estimation [Burness] ...
The Chartered Institute of Patent Agents (CIPA) is lobbying for two changes to the Scottish legal system. In a recent submission to the working group for research into the legal services market in Scotland, CIPA called for interested parties to be allowed to make an application for rights of audience and rights to conduct litigation in the Scottish courts. It also demanded either the establishment of a court similar to the Patents County Court in Scotland, or the extension of the jurisdiction ..
Sokolow Carreras & Associés in Paris has recruited Michel Caillard and Wahib Geagea as partner and of counsel respectively. Corporate partner Caillard joins after five years at Landwell, where he was a member of the worldwide executive committee and head of global M&A. International business law specialist Geagea, who began his career at Dewey Ballantine in Los Angeles, joins from McKay & Co in Paris.
Gibson Dunn & Crutcher is beefing up its UK capital markets practice with the hire of former Clifford Chance partner Alan Bannister.
Niche corporate recovery practice LCL Law has been bought out by one of its equity partners.
This week’s caption competition, the latest in an occasional series, involves Freshfields Bruckhaus Deringer’s head of finance Simon Hall. The wedge supremo was on a recent pro bono jaunt to Durban (see Pro Bono & Community Action, page 13). The pic shows him taking some time out from housebuilding. Tulkinghorn’s flock have come up with the following effort, but if you can ...
Oh the joys of a telephone switchboard. Last week Tulkinghorn found himself tumbling down an Alice in Wonderland-style communications rabbit-hole after being cut off when trying to contact a partner. Dazed, confused and disorientated, Tulkinghorn suddenly popped up, undetected, in an Allen & Overy conference call.
Matheu Swallow, deputy editor
The $1.4bn (£730m) DLA-Piper Rudnick tie-up was close to winning unanimous support on both sides of the Atlantic as the firms’ partners voted through the merger.
Despite the Financial Ombudsman Service’s growing power in the market, many legal advisers don’t seem to be up to speed. Garon Anthony reports
The actuarial profession’s report into ‘compensation culture’ has arrived at a handy time for insurers fighting asbestos claims. Are the beancounters exaggerating the problem? By
Battle lines were drawn last week as the contenders for the Denton Wilde Sapte (DWS) chief executive post issued their election manifestos.
Anyone who has holidayed in the South West will testify that there is something strangely, and attractively, remote about Devon and Cornwall. The relatively short distances between towns such as Exeter and Truro can take on epic proportions, especial...
Freshfields Bruckhaus Deringer sent members of its finance team to South Africa in the autumn to build houses for the poor of Durban’s townships.
Spanish wiseWhile Abbey’s new owners Banco Santander Central Hispano had to shell out £9m on postage and packaging for Abbey’s scheme of arrangement document, the Spanish bank has proved itself a master at screwing down its law firms on fees. Sources close to the deal say Santander’s law firm Clifford Chance picked up just £4m for the deal, although another source said that could eventually ...
Six tenants from Kieran Coonan QC’s 6 Pump Court have joined Hailsham Chambers, bolstering its professional negligence and medical practices.Three of them – Andrew Post, Alexander Hutton and Roger Mallalieu – also specialise in legal costs litigation, a key area of 6 Pump Court’s work.Also joining is former Shepherd + Wedderburn assistant Fiona Patterson who specialises in clinical negligence.The other former 6 Pump Court arrivals are Duncan Pratt, Tejina Mangat and ...
Hallmark IP has recruited Olswang’s former head of trademark filing and prosecution, Vivienne Coleman, as the first step on its road to becoming a multidisciplinary IP practice.
Harmony, the South African company embroiled in a £3.5bn hostile takeover battle for mining rival Gold Fields, is facing major overruns on its shoestring legal and other advisory budgets.
Herbert Smith has reaped around £5m in legal fees for its first 12 months of advising the Department of Trade and Industry (DTI) on the £48bn nuclear clean-up programme.
Hill Dickinson has recorded a 34 per cent hike in turnover for the first six months of the 2004-2005 financial year.
Since New Labour was elected, the Home Office legal team has been under pressure. Legal head David Seymour talks to Brendan Malkin about effective housekeeping
The House of Lords yesterday (7 December) voted in favour of maintaining the centuries-old tradition that the Lord Chancellor be both a lawyer and a member of the Upper Chamber of Parliament.
Hunton has joined the US AIM drive, but it has a secret weapon in Martin Thomas. By Husnara Begum
Judges working in the Australian state of Victoria have warned that proposals to introduce acting judges within the state court system could impinge the independence of the judiciary.
Human rights and law reform organisation Justice is urging the government to increase the independence of judicial inquiries ahead of tomorrow’s second reading in the House of Lords of the Inquiries Bill (Thursday 9 December).
Tulkinghorn, as the saying goes, kids you not. The depths to which firms will sink to get publicity just got lower, the cheesiness of marketing ideas just got smellier. And it’s all thanks to Welsh powerhouse Leo Abse & Cohen. It actually almost hurts to type these words, but here goes: the firm has had the brainwave to sell what it calls “Good Will vouchers”. Geddit? It’s a voucher, and with it, you can buy… a will. At Christmas. The time of goodwill. Eh? Genius.
The cost to the Law Society of meeting revised complaints handling targets is likely to exceed £2m, it has emerged.
Laytons’ South West rivals have scooped up two partners from its Bristol arm in the wake of a management review designed to address flagging profitability in Laytons’ Bristol office.
Legal & General has concluded a major review of its UK law legal advisers – creating five separate panels: group; UK operations; investment management; real estate and private equity.
Cardiff-based M and A Solicitors (M&AS) has bagged a partner from Capital Law to build up its property practice.
Nabarro Nathanson’s bid to develop Grosvenor as a new client has suffered a knock after the property giant opted for Slaughter and May on its £850m Paradise Street regeneration project.
American Express (Amex) has appointed Carol Cocksho-rt as its new managing counsel for Europe, the Middle East and Africa (EMEA).Cockshort, currently Amex’s regional managing counsel for Latin America, is replacing Mark Chambers, who left the company in October.
Legal precedent was set last Tuesday (30 November) as a New York human rights organisation filed a complaint in Germany against US officials over alleged torture at Abu Ghraib prison in Iraq.
O’Melveny & Myers is continuing its attack on the UK private equity market with the hire of Linklaters corporate tax partner Jan Birtwell.
Offshore companies, such as oil rig operators, are being exposed unnecessarily to multimillion-dollar litigation because they do not have a coherent legal strategy, a report has shown.
Lawyers looking to up their street cred are migrating en masse to the West End this Thursday (9 December) for the Christmas party of diversity experts Global Graduates.
Should the courts listen to Max Clifford’s invective of the Hamiltons in his defence against them?
The Eleven departing Denton Wilde Sapte (DWS) media and IP partners have been cleared to vote in the forthcoming management elections after the firm went to counsel to clarify its position.
Hunton & Williams has scooped its second Hammonds partner in three months with the hire of John Deacon to kick-start a London construction practice.
Tulkinghorn and his colleagues are currently busy finalising this year’s Hot 100 – the list of lawyers who have impressed most this year.
It was bonkers, like Willy Wonka’s place, last Monday night (29 November). Linklaters’ communications, media and technology (CMT) team kicked off the party season proper with a champagne reception at Hamleys on Regent Street. The staff shut up shop at 8pm, leaving the Linklaters guests free to wander the store at their leisure and get in some early Christmas shopping.
The RAC has hit out at recent proposals to raise the ‘small claims’ limit for personal injury work to £5,000.
Roschier Holmberg has just regained its leadership of the Finnish market after revealing an 18 per cent rise in turnover from €25.5m (£16.6m) to €30.1m (£20.8m).
Herbert Smith’s growing Tokyo office has pulled off a coup with an instruction from Royal & SunAlliance (RSA).
Is it Ant or is it Dec? What fun the world has had over the last few years playing that ‘which one is it?’ game with everybody’s favourite diminutive Geordie TV presenter double act. In fact, it’s neither. The smiling cheeky chappy at the head of the page is none other than Tim Pugh, planning and environment department co-head at Berwin Leighton Paisner (BLP). Of course, it could be said ...
Seven Bedford Row has hired two barristers to bolster its fraud team.Gary Summers has joined from 187 Fleet Street and Sarah Wood from Hardwicke Crime, the offshoot of Hardwicke Buildings.A white collar crime specialist, Summers also has experience of the offshore sector, a market increasingly important at Seven Bedford Row which recently formed an association with Jersey based legal services organisation, Baker Associates.Wood has both prosecuted and defended in Serious ...
Following a year-long flurry of work in the banking and telecoms sectors, Simmons & Simmons’ Qatar office has scooped the work on a key sponsorship deal with the state’s national Olympics committee.
Half a million people in the UK experience work-related stress at a level they believe is making them ill. By Carole Spiers.
A large number of smaller law firms still do not have a website. Margaret Manning reports on how to use this marketing gift horse to the best possible effect
Samantha Phillips, managing partner, Harbottle & Lewis
The Law Society’s successful intervention in this summer’s appeal to the House of Lords in the Three Rivers privilege case was achieved for just £58,000.
The Taipei office of Seattle-based litigation boutique Preston Gates & Ellis has merged with Taiwan Commercial Law Offices (TCLO), with effect from 1 January 2005.
Morrison & Foerster’s raid on Shaw Pittman, first reported in The Lawyer last week, was the third eye-catching move into outsourcing by a US firm in the space of a year.
Lawyers for World Trade Centre leaseholder Larry Silverstein have secured a major victory over insurers after a jury ruled that the September 11 attacks constituted two separate occurrences for insurance purposes.
The FSA has widened its scope to include the regulation of insurance brokers. Michael Wainwright highlights the changes