7 January 2002

The Lawyer

  • A true calling

    7-Jan-2002

    Michelle Foster, head of legal for Symbian, a joint venture between fierce mobile phone rivals, is surprisingly contented for someone in such a high-pressure role. Fiona Callister reports

  • Baxendale-Walker partner faces charges over £2m pension fraud

    7-Jan-2002

    Paul Baxendale-Walker, name partner in London, Nottingham and Glasgow firm Baxendale-Walker, is facing criminal trial over an alleged £2m serious fraud committed in 1994.

  • Birchams and Halsey Meyer join forces

    7-Jan-2002

    Bircham Dyson Bell has merged with private client specialists Halsey Meyer Higgins.

  • Brobeck freezes pay for associates

    7-Jan-2002

    San Francisco-based Brobeck Phleger & Harrison has resorted to freezing associate salaries to stave off the effects of the economic downturn.

  • BT invites Pinsents to join list of advisers

    7-Jan-2002

    BT has increased its reliance on national firms by adding Pinsent Curtis Biddle to its club of regular legal advisers.

  • Chaffe St partners scatter after December dissolution

    7-Jan-2002

    Six partners to merge with Brabners; DLA, Cobbetts, Pinsents and Halliwells share remaining ten

  • Corporate summary

    7-Jan-2002

    Ashurst Morris Crisp (Steven Fox, Mark Lubbock) advised SkyePharma on the licensing of its product Solaraze to Bioglan Pharma. Bioglan advised by Norton Rose (Rosalind Messer).Penningtons (Ron Allsopp) advised ICL Fertilizers, ...

  • Davis Polk, Simpson Thacher and Wilkie Farr make U-turn on associate bonuses

    7-Jan-2002

    Davis Polk & Wardwell, Simpson Thacher & Bartlett and Wilkie Farr & Gallagher have made an abrupt about-face about reducing end-of-year bonus payments for associates.

  • DEAL OF THE WEEK - COORS

    7-Jan-2002

    Slaughters guides Coors through Carling auction

  • E-business system cuts legal costs for Govt body

    7-Jan-2002

    English Partnerships, the Government's urban regeneration agency, has achieved major cost and time savings and greater billing transparency from its legal advisers through a new e-business system for making instructions.

  • Eversheds votes in new profit share

    7-Jan-2002

    Eversheds partners have voted in favour of a new profit-share system to increase dramatically the merit-based element of partner remuneration.

  • Finance

    7-Jan-2002

    As the securitisation market becomes more sophisticated, it is no longer adequate just to be on the scene. With increasing numbers of firms entering the market the pressure is on and the top-tier firms need to find ways of differentiating themselves from the riffraff. And it seems as though they may have found one.Mortgage-backed deals have lost clout. As standard transactions that are often repeat issues, these deals no longer represent the cutting edge. Allen & Overy (A&O), ...

  • Finance Summary

    7-Jan-2002

    Allen & Overy (Ulf Kreppel, Mark Friend, Paul Bedford) and Doralt Seist & Csoklich advised Schroder Salomon Smith Barney and the other managers in relation to the Blue Danube Loan Funding securitisation. Blue Danube issued e2.9m (£1.6m) floating rate asset-backed notes, due 2049, guaranteed by the State of Lower Austria. The proceeds were used to purchase statesubsidised housing loans. Clifford ...

  • Freshfields leads UK players as global M&A market halves

    7-Jan-2002

    Freshfields Bruckhaus Deringer tops the list of UK law firms in the worldwide M&A rankings for 2001.

  • Garretts pulls the plug on Cambridge

    7-Jan-2002

    Andersen Legal firm Garretts has pulled out of Cambridge following the departure of lead partner Gerry Fitzsimmons.

  • Last Cawthra Feather

    7-Jan-2002

    Last Cawthra has boosted its Bradford office with a local takeover

  • Law Society pension fund needs '£12m' cash injection

    7-Jan-2002

    The Law Society has been forced to shore up its pension fund with emergency funds after suffering a loss of £12m due to a misguided investment strategy.

  • Leading firms join P&O negotiations

    7-Jan-2002

    Freshfields Bruckhaus Deringer, Slaughter and May and Herbert Smith are all advising on the proposed P&O-Royal Caribbean merger and the subsequent hostile takeover bid for P&O by Carnival.Freshfields and Slaughters were called in by P&O and Royal Caribbean late last summer. ...

  • Legal Widow

    7-Jan-2002

    Liability announced to us over breakfast that she would henceforth like to be known as Fairy Periwinkle. She was wearing her fairy outfit at the time, having insisted since Christmas that no other clothes would do, even with snow on the ground. She has been turning up at children's houses with blue legs and chicken-skin arms, and the other little girls look at her in envy because no other mother would be soft enough to let them get away with it.We all looked at her bleakly at ...

  • Linklaters leads Investec into new DLC structure

    7-Jan-2002

    Linklaters has advised niche investment bank Investec on a new dual-listed structure. It will allow the South African company access to the London Stock Exchange (LSE) and new sources of international finance.Although Linklaters has worked on several dual-listed mergers this year, this particular one is groundbreaking. Previously, dual-listed company (DLC) structures have been used when companies ...

  • Loyens lures top De Brauw partner

    7-Jan-2002

    Benelux multidisciplinary practice Loyens & Loeff has hired a leading civil law notary from the Rotterdam office of Linklaters' Dutch ally De Brauw Blackstone & Westbroek.

  • Matthew Arnold wins StepStone job

    7-Jan-2002

    Watford-based Matthew Arnold & Baldwin has scooped a high-profile instruction. The firm has been retained by BDO Stoy Hayward, liquidators of online recruitment agency StepStone.co.uk.StepStone.co.uk hit the headlines late last year when parent company, Norway's StepStone ASA, announced that it would no longer provide financial support for its UK operation. StepStone.co.uk was subsequently put into liquidation with the immediate loss of 135 jobs.Joint head of insolvency ...

  • MCA names winners of beauty parade

    7-Jan-2002

    Richards Butler, Eversheds and Bournemouth-based Lester Aldridge have won places on the Maritime and Coastguard Agency (MCA) panel.

  • MoD ditches three from PPP law panel

    7-Jan-2002

    Herbert Smith, BLP and Pinsents lose out in panel review; Eversheds wins place

  • Morgan Lewis completes NY merger with Hopgood

    7-Jan-2002

    US firm Morgan Lewis & Bockius has ramped up its patent litigation capability by merging with New York firm Hopgood Calimafde Judlowe & Mondolino.

  • News in brief

    7-Jan-2002

    A round up of stories from the UK and around the world

  • NHS trust chooses Ward Hadaway

    7-Jan-2002

    Ward Hadaway has scooped a new public sector client. The North East firm has trounced competition to win work from the North Tyneside Primary Care Trust.

  • Opinion

    7-Jan-2002

    Peter Scott, drector, Horwath Consulting

  • Out of arm's way

    7-Jan-2002

    Tulkinghorn was delighted to hear that a young solicitor at Manches has come first in a competition to win the car of a famous television detective. How unfortunate, then, that the poor chap is temporarily without the most elementary of driving skills: the use of both arms. Manches solicitor James Went won the Mark II Jaguar used in the television series Inspector Morse in a competition. But as the young chump recently broke his arm playing rugby, he has been forced into the passenger ...

  • RBS unveils line-up for corporate panel

    7-Jan-2002

    Bank appoints 24 firms to handle high-value work in overhaul of legal services

  • Real Estate and Projects Summary

    7-Jan-2002

    Gouldens (Suzanne Billington) advised Hercules Unit Trust on its £19m acquisition of Waterfields Retail Park, Watford, from Lancaster Holdings. Andersen Legal (Keith Barnett) advised Lancaster Holdings.Lovells (Jackie Newstead) advised BAA Lynton on an agreement that will see Radisson SAS (part of the SAS Airline Group) invest £40m in building a new hotel at Stansted Airport. Finers Stephens Innocent (Michael Kutner, Nichola Armstrong) advised Radisson SAS. The ...

  • Tails of the unexpected

    7-Jan-2002

    For all those a little bit grumpy at having to return to work after the Christmas binge, here are two heart-warming stories involving furry animals for you.First, a fluffy hamster tale from Finers Stephens Innocent head of property David Battiscombe. On arriving home one evening, Battiscombe found an unidentifiable package in his garden. Fortunately, he paused to investigate before calling the bomb squad and discovered that some heartless cove had left a hamster by his herbaceous ...

  • Talking loud, saying nothing

    7-Jan-2002

    Herbert Smith has long been trying to get away from its image as a litigation firm, offering many other talents. Including, it now seems, sound engineering.At its recent Paris conference, a group of somewhat inebriated partners rerigged the microphone equipment in the lecture hall so that, instead of amplifying the words of the speaker, it would pick up the conversations of those seated around the room. Purely, Tulkinghorn assumes, to gain the inside track on what partners were ...

  • The Leader Column

    7-Jan-2002

    So here we are, back again after the festive splurge and contemplating what 2002 will throw at us.After 2001, no one could be blamed for feeling a bit bewildered at trying to predict the coming year. The first three quarters of 2001 now seem like the end of another time entirely. The year started with US firms idly contemplating how they might cope with a respite from the frenetic activity of 2000, then they were suddenly faced with the possibility of a dark abyss opening up before ...

  • Turner surprise

    7-Jan-2002

    KLegal's growth strategy is paying off, with H20 partner Catrin Turner et al joining the ranks - but the firm might get more growth than it bargained for