7 August 2000

The Lawyer

  • 3i drops Lee Crowder from legal panel after 50 years

    7-Aug-2000

    Midlands firm Lee Crowder has been dropped from 3i's panel after 50 years.

  • A good City salary has an added bonus

    7-Aug-2000

    A commonplace occ-urrence in the City for many years, it has been a long time coming to law firms. Now bonuses have seriously entered our operation, if not yet our culture. Where will it all end?

  • A sure financial success

    7-Aug-2000

    Alison Clarke says that despite a drop in work at the bar, financial services barristers are working harder than ever

  • A VIEW FROM POLAND

    7-Aug-2000

    Demand for lawyers is increasing across the central and eastern European region as the economies continue to develop, resulting in a growing need for international legal services. This is particularly the case in Poland. For example, Linklaters & Alliance has recently expanded its office in Warsaw, Norton Rose is opening ...

  • Andersens' Brazil ally plans local merger

    7-Aug-2000

    Andersen Legal's Brazilian alliance partner Branco Advogados Associados is merging with local firm Thiollier & Pinheiro Advogados.

  • Arriva

    7-Aug-2000

    If you are a London bus commuter, there is a one in five chance that this morning you were brought into work by Arriva.

  • Australia fails to dominate Asia Pacific M&A top ten

    7-Aug-2000

    Only four Australian firms have made it into the top 10 of legal advisers acting on Asia Pacific M&A.

  • Baker Botts cuts back in Moscow as deputy quits

    7-Aug-2000

    US firm Baker Botts is dramatically scaling down its Moscow practice as the deputy head of the office joins Lovells.

  • Baker McKenzie

    7-Aug-2000

    Baker & McKenzie acted for CA IB and Lehman Brothers on a $509m (£340m) international offering made by Polish oil company Nafta Polska for a 25 per cent stake in Polski Koncern Naftowy ORLEN (PKN ORLEN). The offering was the second stage in the privatisation of Polish refining and petrochemicals company PKN ORLEN. Securities partner Mitch Gitin led a team of six from the firm's London and Warsaw ...

  • Book Review

    7-Aug-2000

    Managing Key Clients by Kevin Walker with Paul Denvir and Cliff Ferguson, published by Continuum Publishers ISBN 0826447104

  • Cameron McKenna woos mining giant

    7-Aug-2000

    CMS Cameron McKenna has advised on its first major deal for Billiton, joining Linklaters & Alliance and Allen & Overy as the company's preferred advisers for large transactions.

  • Case of the week

    7-Aug-2000

    McDonald's v Customers. The fast food giant will face the wrath of 20 UK customers who claim to have been burned by its tea or coffee in a case that is similar to the actions brought against the burger chain across the Atlantic.

  • Cinderella, you shall go to the ball

    7-Aug-2000

    All of a sudden property has become a fashionable practice area again. Long thought of as a backwater in City firms, and sniffly regarded by many corporate partners as a service function, property is suddenly a major part of City firms' business plans.

  • City interest fades for equity in lieu of fees

    7-Aug-2000

    Enthusiasm for taking equity in lieu of fees is on the wane following the downturn in the new economy symbolised by the collapse of Boo.com.

  • Clyde & Co modifies lockstep

    7-Aug-2000

    Clyde & Co has changed its lockstep to include a modified structure for the first time.

  • Equitable Life legal bill reaches £2.5m

    7-Aug-2000

    Equitable Life has had to pay out £2.5m in legal fees for the recent pensions test case which ended its mutuality.

  • Equitable strife

    7-Aug-2000

    The Equitable Life battle pitted two of the bar's greatest rivals against each other - Tony Grabiner and Jonathan Sumption. But just before the case got to the House of Lords, Equitable Life switched from Grabiner to Elizabeth Gloster. Chris Brock reports.

  • Eversheds names head of corporate

    7-Aug-2000

    Eversheds partner Martin Issitt has been appointed head of corporate, taking over from David Gray who has become the managing partner for Leeds and Manchester.

  • Freshfields Bruckhaus takes on A&O in Hyder deal

    7-Aug-2000

    Freshfields Bruckhaus Deringer and Allen & Overy are fighting head to head to bring a resolution to the protracted takeover bid for UK utility giant Hyder.

  • GForce militants deface Lawyer website

    7-Aug-2000

    The Lawyer website was taken over on Tuesday morning (1 August) by Kashmiri militants GForce Pakistan.

  • Grimaldi votes for merger with Clifford Chance

    7-Aug-2000

    Clifford Chance's Italian alliance partner Grimaldi has voted unanimously in favour of merger with the magic circle firm.

  • Herbert Smith lures Taylor for attack on City property market

    7-Aug-2000

    Herbert Smith is launching an assault on the City real estate market led by Berwin Leighton's head of property.

  • Irwin Mitchell loses top partner to regional rival

    7-Aug-2000

    Leading partner Hugo Stephens is quitting Irwin Mitchell for a new home at regional rival Pinsent Curtis.

  • Isaacs leaves 4-5 Gray's Inn for 3-4 South Square

    7-Aug-2000

    Top silk Stuart Isaacs QC is leaving 4-5 Gray's Inn Square following the failed merger with Monckton Chambers.

  • It's been a bad week for

    7-Aug-2000

    Those Law Society members who back the Daily Mail's drug stance, after the Law Society opted for a new chief executive in the form of drugs reformer Janey Par-askeva. According to the outraged newspaper, Paraskeva "believes that cannabis is taken by youngsters in the way the older generation might enjoy a gin and tonic". It remains to be seen whether the 80,000 members of the Law Society will be outraged by the appointment. The situation has signs of turning into the latest Law Society ...

  • It's been a good week for

    7-Aug-2000

    Five hundred of the UK's top mobsters, who can rest easy after a study by the National Criminal Intelligence survey revealed that Customs & Excise has not yet cracked an £8.5bn annual drugs racket. It seems that it is not just petrol that is more expensive in the UK - more drug dealers are choosing to come here because of the price that the Brits are prepared to pay for Class A drugs. Cocaine users routinely pay around 10 to 20 per cent more than their European counterparts.

  • Keeping good company

    7-Aug-2000

    Alison Clarke reports on the top practitioners and the leading chambers that specialise in company law

  • Lathams takes general counsel from GE Capital

    7-Aug-2000

    Latham & Watkins is bolstering its capital markets practice with the appointment of GE Capital's European general counsel.

  • Legal Widow

    7-Aug-2000

    We've been playing "What's my USP?" this weekend, after the Lawyer and his colleagues received a three-line whip from the managing partner to come up with some specialisms that can be fed to the dreaded marketing people.

  • Linklaters & alliance

    7-Aug-2000

    Linklaters & Alliance represented Wilson Bowden Developments in the disposal of its 130,000sq ft Junction One retail and leisure park in Rugby to Standard Life Investment Fund. Wilson Bowden is developing the site. Real estate partner Martin Elliott led a team of two on the deal. Herbert Smith acted for Standard Life.

  • Litigator's View

    7-Aug-2000

    Tara Donovan on the latest development in online law in the Record Association of America's copyright case against Napster

  • Lock up your partners

    7-Aug-2000

    Clifford Chance's refusal to grant partners their quarterly equity payments after building up a lock-up lag of £200m has sparked questions about billing procedures and how they can be improved. Abigail Townsend investigates

  • Lovells scoops property work for Abbey National

    7-Aug-2000

    Lovells is advising the Abbey National Group for the first time on a sale and lease deal worth around £460m.

  • Matrix becomes first set to use paralegals

    7-Aug-2000

    In what is believed to be the first move of its kind, Matrix Chambers is to employ paralegals.

  • McDermotts scoops five from DC rival

    7-Aug-2000

    McDermott Will & Emery has taken a team of five partners and an associate from Washington DC firm Carr Goodson Warner.

  • Morgan Lewis loses partner to e-company

    7-Aug-2000

    Morgan Lewis & Bockius partner John Parker has left the business and finance department to join a new management team at new media and e-commerce company AirClic.

  • New Square sets announce merger

    7-Aug-2000

    Two more sets are poised to merge in the latest bid to become one of the leading chancery and commercial chambers, the latest in a spate of consolidations at the bar.

  • NEWS IN BRIEF

    7-Aug-2000

    Clifford Chance has hired nine partners in property, competition, finance and tax. They include property partners Robert Porter and Arthur Dyson from CMS Cameron McKenna, property partner Jonathan Solomon from Norton Rose and anti-trust ...

  • Nicholson Graham hires ISL counsel

    7-Aug-2000

    Nicholson Graham & Jones is taking on the former senior legal counsel at ISL Worldwide as a partner in its cross-departmental sports group.

  • Norton Rose

    7-Aug-2000

    Norton Rose advised Collins Stewart in its capacity as nominated adviser and broker to Buyers Guide on its flotation on the Alternative Investment Market. The placing will raise £5m while the offer price values the company at £25m. Corporate finance partner Richard Sheen led a team of two on the deal while Buyers Guide was represented by McFadden Pilkington & Ward.

  • Paul Weiss

    7-Aug-2000

    Paul Weiss Rifkind Wharton & Garrison represented Société Européenne des Satellites, the Luxembourg-based operator of Astra, on its joint venture with iBeam Broadcasting Corporation. The venture, iBeam Europe, will utilise the Astra satellite system to provide internet broadband capabilities to more than 20 countries. Partner Phil Spector acted with a team of three on the deal while iBeam was advised in-house.

  • Perrin's View

    7-Aug-2000

    So Michael Napier won the election for Law Society president by a margin of two votes to one. Two to one, eh? Frankly, I'm surprised that as many as three members voted. Surely no profession can possibly have so many major grievances against its regulatory body? I don't know about you, but for a while there I found it a necessary survival tactic at parties to lie about what I do for a living.

  • Pinsents appoints first forensic accountant for new department

    7-Aug-2000

    Pinsent Curtis has hired its first-ever forensic accountant from long-term client Sarnatech BNL, following the lead of Clifford Chance.

  • Quote of the week

    7-Aug-2000

    "We wanted to bridge the huge divide between the West End cowboys and the toffee nosed City."- McDermott Will & Emery partner Robert Rakison on the founding of Rakisons in 1979.

  • Scuffle of the week

    7-Aug-2000

    UK v Europe. The UK government has been ordered to allow consenting groups of gay men to engage in sex privately in another landmark ruling from seven judges at the Strasbourg court.

  • Sidley & Austin gains B&M Singapore trio

    7-Aug-2000

    Baker & McKenzie's Singapore office has lost a three-strong team as it waits to hear whether it has been granted a joint venture licence.

  • Sinclair Roche appoints Hong Kong partner

    7-Aug-2000

    Sinclair Roche & Temperley is appointing a new partner to its Hong Kong office. Douglas Smith, formerly a partner at Canadian firm Goodman Phillips & Vineberg's Hong Kong office, is being brought in to boost the firm's strengths in commercial and corporate finance.

  • Sonnenscheins NY takes on 17 Cooperman Levitt lawyers

    7-Aug-2000

    Leading Chicago firm Sonnenschein Nath & Rosenthal has boosted its New York capability by swallowing the bulk of East Coast practice Cooperman Levitt Winikoff Lester & Newman.

  • Taylor Joynson

    7-Aug-2000

    Taylor Joynson Garrett acted for internet company On Board Info on securing $3m (£2m) of second round funding. The capital was raised through a syndicate led by Interregnum and included first round investors NatWest IT Fund, Cambridge Research and Innovation. Corporate lawyers Simon Walker and John Scott acted on the deal with a team of three.

  • THE PERSONNELITY

    7-Aug-2000

    The demand for the highest quality individuals and the insatiable drive towards creating bigger and better practices within the legal profession has never been greater. Individuals change jobs far more readily than they did before. But for all the job offers that are made and accepted, how often is an individual persuaded to remain by their current employer?

  • The source of the public's interest

    7-Aug-2000

    "Go on, make my day. Name the source and it will be my pleasure to sack them." Fighting talk from Tony Blair before the most recent spring of leaks involving his own correspondence.

  • Tony Wollenberg

    7-Aug-2000

    The cool attitude of Rakisons co-founder and senior partner Tony Wollenberg makes him the perfect man to see the firm through its US merger with Steptoe & Johnson. Julia Cahill meets the gambling man

  • Weil Gotshal

    7-Aug-2000

    Weil Gotshal & Manges advised internet licensing company Streetnames on the placing of more than 31 million ordinary shares and its admission to the Alternative Investment Market. Corporate partner Andrew Harting acted on the deal with corporate assistant Gerard Cranley.

  • Welcoming the new recruits

    7-Aug-2000

    The sale of legal recruiter QD to TMP Worldwide and an increasingly candidate-led legal market may change the face of legal recruitment forever. Fenella Quinn reports.

  • Who's getting the rewards?

    7-Aug-2000

    I had a good laugh when I got home and read the 24 July edition of The Lawyer.