7 October 2002

The Lawyer

  • 'DJ? I thought it meant dinner jacket'

    7-Oct-2002

    What is the world coming to? John Major has been having it away with Edwina Currie; Lord Archer has been partying while he should have been on home leave; and possibly most shocking of all, the partners at Slaughter and May have been shaking their booties to the sounds of a 'hip 'n' happenin' DJ. In what can only be described as an attempt to 'get down with the kids', ...

  • A steak close to our hearts

    7-Oct-2002

    Tulkinghorn is still recovering from the Taylor Root Law Society Sevens tournament (supported by The Lawyer, naturally). After a day of often heated competition (which Tulkinghorn observed from the comfortable - and safe - surroundings of the hospitality tent), those healthy types at Freshfields emerged triumphant with a tight 7-5 victory over Ashursts. Congratulations, though, to the gentlemen of Ashursts who didn't go away empty handed, winning the new The Lawyer Cup, awarded ...

  • Addleshaws redundancy drives HBOS to Hammonds

    7-Oct-2002

    Addleshaw Booth & Co is to lose all future property instructions from HBOS after making the partner in charge of the client relationship redundant

  • Akin Gump wins property star from Weil Gotshal

    7-Oct-2002

    Akin Gump Strauss Hauer & Feld's real estate practice has been joined by Jacqueline Gordon as senior counsel. Gordon comes from the corporate department of Weil Gotshal & Manges, where she specialised in property and commercial. Previously, she was assistant general counsel at the Federal Home Loan Mortgage Corporation in Virginia and the associate general counsel and assistant secretary of Horizon/CMS ...

  • Are UK courts ready for rise in M&A litigation?

    7-Oct-2002

    Litigation arising out of M&A is on the increase, although nearly a quarter of in-house lawyers believe UK courts and judges are not equipped to deal with it

  • Australia's top six put clear space between rivals in profitability race

    7-Oct-2002

    Mallesons breaks A$400m barrier as top guns post record results; smaller firms boast high revenues

  • Balancing act

    7-Oct-2002

    In the past, planning decisions favoured developers, but now the courts are getting tough and putting the consideration of the public first. Richard Harwood reports on the need for compromise

  • BLP scores Sellar retail park sale

    7-Oct-2002

    Berwin Leighton Paisner (BLP) has landed its first deal for Sellar Property Group on the back of its planning work for Sellar's joint venture to build the London Bridge Tower

  • BLP to rescue steak house from collapse

    7-Oct-2002

    Berwin Leighton Paisner (BLP) has been called in to save the Aberdeen Steak House Group from insolvency after a series of disasters forced the company to file for administration.The company, which is traditionally favoured by UK tourists, trades through 21 outlets in Central London under the Aberdeen Steak House, Angus Steak House and American Café Burger brand names.Following ...

  • BLP's real estate department revs up for US Kramer merger

    7-Oct-2002

    What will BLP's real estate team gain from the firm's new alliance? Julia Cahill investigates

  • Brobeck under pressure as West Coast property burden escalates

    7-Oct-2002

    The sustained outpouring of partners at Brobeck Phleger & Harrison has left the US firm saddled with hundreds of thousands of square feet of empty office space, creating a potential stumbling block for any future merger

  • CC takes corporate partner from New York rival

    7-Oct-2002

    Clifford Chance's New York office has bolstered its corporate practice by recruiting Brian Hoffmann from rival Cadwalader Wickersham & Taft. Hoffmann, who worked at Cadwalader for just three years, will bring the number of partners who have joined Clifford Chance's New York corporate department since 2000 to a total of 18. As well as a strong background in M&A, Hoffmann has expertise ...

  • Constants, DAC denied £1m costs security

    7-Oct-2002

    Lawyers who have racked up millions of pounds of costs, which they may never recover, have been denied security of costs in a landmark ruling

  • Covington offers £85K to newly-qualifieds

    7-Oct-2002

    US firm Covington & Burling has entered the UK graduate recruitment market with a bang by offering its trainees a whopping £85,500 upon qualification

  • Deacons doubles office count in China

    7-Oct-2002

    Deacons Hong Kong is to open a second office in China. As revealed by www.thelawyer.com/lawyernews on 3 October, the representative office will be based in Beijing, the seat of the government

  • DEAL OF THE WEEK - RARE

    7-Oct-2002

    Pinsents advises Rare on £239m sale to Microsoft

  • Dentons drops a clanger

    7-Oct-2002

    As Tulkinghorn wandered among the trophies on display at Denton Wilde Sapte's press party, Tulkinghorn pondered the significance of the suit of armour that dominated the room.Standing among various goodies, such as hookahs and bongos, that the firm looked to have plundered from its travels in Africa and other far-flung parts of the globe, the suit of armour baffled Tulkinghorn, and he asked many as to its meaning. Neither did the Moulin Rouge-style décor give any hints ...

  • Dundas and SJ Berwin try out new due diligence technology

    7-Oct-2002

    Dundas & Wilson and SJ Berwin will be the first law firms to pilot PropertyIdeal, a new software designed to speed up the due diligence process for commercial property transactions

  • Duty bound

    7-Oct-2002

    The Inland Revenue's plans to modernise stamp duty will have an huge impact on developers, who fear the changes will cost them dearly. Robert Jones reports

  • Eastern Europe leads the charge in arbitration

    7-Oct-2002

    Former communist states now witnessing a growth in privatisation are increasingly turning to arbitration to resolve disputes, a new survey has revealed

  • Former CC head to advise on law firm mergers

    7-Oct-2002

    Railtrack chairman and former Clifford Chance managing partner Geoffrey Howe (left) has been appointed as senior adviser to corporate integration specialist Integrum. The appointment is part of Integrum's strategy to target law firm mergers as a new market for its services. Howe was also recently appointed by Denton Wilde Sapte as a non-executive board member. First revealed on www.thelawyer.com/lawyernews ...

  • Houthoff Buruma goes it alone in Brussels

    7-Oct-2002

    Dutch independent firm Houthoff Buruma has launched its own practice in Brussels following the collapse of its joint venture in the city and has hired the managing partner of a local office to strengthen the competition practice

  • Land Securities Trillium set to review new panel firms

    7-Oct-2002

    Firms to be tested on a project-by-project basis; A&O, Freshfields and Lovells scoop top-tier work

  • Law Soc to bring chief exec down to earth

    7-Oct-2002

    The Law Society is gearing up for a wholesale corporate governance review, driven by fears that the chief executive has become too powerful

  • Lawyer in the house

    7-Oct-2002

    Big Brother's PJ has forsaken a life in the spotlight to become a trainee. Jennifer Currie finds out if his brush with fame has left him jaded about a career in the law

  • Lawyer smoked out of Clayton Utz

    7-Oct-2002

    One of the lawyers involved in the British American Tobacco (BAT) document-shredding case, Richard Travers of Clayton Utz, has left the Sydney-based firm

  • Linklaters romps up US M&A league tables

    7-Oct-2002

    Linklaters has stormed to fifth place in the third-quarter US M&A rankings for announced deals based on value, rising a staggering 96 places, according to the latest Thomson Financial figures

  • Lovells in talks on £1m Apax fees

    7-Oct-2002

    Lovells is in the throes of negotiating with Apax Partners over £1m worth of fees after the second deal it acted on for the private equity firm was aborted

  • Macfarlanes elbows out Dechert for Brit Insurance deal

    7-Oct-2002

    Macfarlanes has snared its first deal for Brit Insurance Holdings after the Lloyd's underwriter raised £204.2m through a secondary placing and open offer of shares.The funds, which were secured through a two for three offering of shares priced at 64p each, will be used to help underwrite gross premium income of £1bn next year in both the UK and the US.Macfarlanes was appointed ...

  • Manches fights back with real estate hires

    7-Oct-2002

    Manches' depleted property practice is fighting back after a string of high level departures by hiring Gerard Tomnay and Sloan Kelly, currently partners at Nabarro Nathanson and ASB Law respectively. Manches has lost seven property partners this year, including Peter Sugden to Mayer Brown Rowe & Maw and Derek ...

  • Millar takes up Future post

    7-Oct-2002

    Mark Millar, formerly a senior associate at Allen & Overy, has become head of legal at Future Network as his predecessor Rob Day returns to SJ Berwin as a partner

  • More Fisher foreplay gets clients hot and ready

    7-Oct-2002

    Tulkinghorn would love to know the criteria law firms use when they choose the music to play to punters on hold on the telephone.Most sets of chambers opt for excerpts from classical works, which is a choice that speaks volumes about the way barristers see themselves - learned, serious and grown up.Meanwhile, some solicitors' firms plump for pop chart classics, as experienced first hand by Tulkinghorn's youthful counterpart on Lawyer 2B Donoghue Snail, who once ...

  • Morgan Cole to be sued by former client

    7-Oct-2002

    Morgan Cole is facing legal action from a disgruntled former client who claims that poor advice and the firm's failure to act caused his claim to be struck out of court

  • Morton Fraser hires 33 from Robson McLean

    7-Oct-2002

    Morton Fraser has raided Robson McLean, taking 33 from its litigation and commercial property teams. Almost all of these are fee-earners, including six partners: Duncan Murray, Nick Atkins, Hugh Angus, John Barrie, Rhona Cameron and Ewan McIntyre. The hires bring the number of fee-earners in the litigation team to 22 and in the commercial property team to 32. First revealed on www. thelawyer.com/lawyernews on 1 October

  • Munch hunch

    7-Oct-2002

    Neville Eisenberg may have pulled off the biggest transatlantic deal for months, and he may be bestriding the Continent like a colossus, but there's one part of his own firm that he just can't tame. Tulkinghorn can reveal that the Berwin Leighton Paisner managing partner has no respect among his kitchen staff.It seems that when the brand new meeting rooms were designed, ...

  • Nauta goes on European hiring spree

    7-Oct-2002

    Slaughter and May best friend NautaDutilh is making an aggressive push in Europe, hiring US firm Oppenheimer Wolff & Donnelly's Brussels managing partner

  • New Eversheds chief Gray in charm offensive on partners

    7-Oct-2002

    Eversheds managing partner elect David Gray is facing the challenge of winning over a key swathe of equity partners who backed his rival in the national firm's closely contested election race

  • Norton Rose hires Hunton & Williams partner

    7-Oct-2002

    Norton Rose has boosted its Asian presence with the hire of a new partner to its energy and project finance practice in Bangkok. Bill Bradley, who has lived and worked in Asia for eight years and is US-qualified, joins the firm from Hunton & Williams in Bangkok. Bradley's appointment takes the total number of Norton Rose partners in Asia to 18. First revealed on www.thelawyer.com/lawyernews ...

  • Norton Rose to lose out as Slaughters bags AES

    7-Oct-2002

    Slaughters adds to Asian AES Drax work as debt sees energy company swap its main firm in the UK

  • Opinion

    7-Oct-2002

    Are we any closer to seeing the relaxation of those Law Society rules and regulations that are restricting unnecessarily the provision of legal services in England and Wales?

  • Orrick builds European empire with Paris launch

    7-Oct-2002

    WFW finally agrees terms for Paris team as Orrick raids Proskauer for London

  • Osmond turns to CC after Hyman move

    7-Oct-2002

    Clifford Chance has won Sun Capital, the investment vehicle owned by entrepreneur Hugh Osmond, as a client, after Slaughter and May was conflicted out on a recent deal

  • Penalty shoot-outs

    7-Oct-2002

    After the Football Disciplinary Commission let Dennis Wise off with a fine after a vicious attack on a fellow player, Jon Robins asks: are footballers really above the law?

  • Pinsents makes Major boob

    7-Oct-2002

    Curiouser and curiouser. The week following the Major-Currie revelations, Tulkinghorn thought he might give David Hooper of Pinsent Curtis Biddle a call to see how things were. The eminent Mr Hooper, you will recall, advised John Major on his libel action against the New Statesman and the now defunct Scallywag, which is now threatening to take revenge.But Tulkinghorn is wondering why, after numerous attempts, he was unable to get through to Pinsents. Is Major's case so complicated ...

  • Popham takes top job in world's biggest law firm

    7-Oct-2002

    After the most protracted election in recent law firm history, finance partner Stuart Popham was elected as Clifford Chance senior partner on Friday 4 October

  • Pritchard Englefield names new chief

    7-Oct-2002

    Mid-size City firm Pritchard Englefield has announced that David Levene, the firm's head of property, will become senior partner immediately. Levene replaces Michael Cohn, who has stepped down from the partnership, but who will continue to be a consultant to the firm. Levene is also admitted as a solicitor of the Supreme Court of Hong Kong. First revealed on www.thelawyer.com/lawyernews on 1 October

  • Provincial firms foresee happier future than City

    7-Oct-2002

    The Lawyer survey shows City firms worried about partner redundancies; global networks criticised

  • Round-up

    7-Oct-2002

    Allen & Overy (Brian Harrison) and Masons (Hugh Bruce-Watt) acted for Wembley National Stadium on its new £425m incarnation. Clifford Chance (Tim Steadman, David Metzger) acted for Multiplex, the company that will build the new stadium. Shearman & Sterling (Kenneth MacRitchie) advised WestLB, which arranged the £425m senior debt for the construction of the stadium. Bird & ...

  • Serra edges out Bredin Prat

    7-Oct-2002

    French corporate finance specialist firm Serra Leavy & Cazals has trumped regular Vivendi Universal M&A counsel Bredin Prat on what is expected to be the biggest M&A deal in France this year

  • Share the wealth

    7-Oct-2002

    As share prices drop and investors look for a safer option, the popularity of European property funds is rising. Peter Fisher and Philip Harle report on potholes to look out for

  • Simmons & Simmons set for profit shake-up

    7-Oct-2002

    Lockstep comes under fire as two star partners quit for Latham & Watkins

  • Simmons wins BTG's UK work

    7-Oct-2002

    Simmons & Simmons has landed a new corporate client in the guise of Bio-Technology General Corporation (BTG), as the US pharmaceutical group makes its first foray into the UK market.Traditionally an intellectual property (IP) client for Simmons, Nasdaq-listed BTG used the firm's corporate department after an internal referral for its £64m purchase of Leeds-based Rosemont Pharmaceuticals.The deal took around four months to complete following an auction process ...

  • Singing praise

    7-Oct-2002

    Graeme Muir may not be a big-company animal but when it it comes to choosing a law firm, he is only interested in City players. Steve Hoare meets Singer & Friedlander's legal head

  • Slaughters at centre of political storm over Railtrack legal fees

    7-Oct-2002

    The Liberal Democrats are up in arms because Slaughter and May and other advisers who worked on the administration of Railtrack will not disclose their fees, thought to have run into £700,000 a week since last October

  • The ECJ: probably the slowest court in the world

    7-Oct-2002

    Brendan Malkin on why the ECJ takes three years to pass judgment; is a lack of translators to blame?

  • The Lawyer 100: correction

    7-Oct-2002

    Due to a misunderstanding of year-end, the turnover of KLegal was incorrectly stated in The Lawyer 100. The firm's turnover in 2001-2002 was £45.5m, not £60.6m as stated. This moves the firm's ranking in The Lawyer 100 from 31 down to 40.

  • The Leader Column

    7-Oct-2002

    Sometimes you wonder how US firms ever became successful, such is their tendency to misread the signs. Take the Californian boom: bliss it was in that dawn to be alive, blah blah blah. But after the dotcom revolution came the terror. And now, with the sound of tumbrils echoing around Palo Alto, in come hordes of East Coast firms - despite the fact that there isn't actually any work around. And the reason they're opening offices? Er, because the property's cheap, apparently. ...

  • The property challenge

    7-Oct-2002

    Don't call it property law and don't even hint at conveyancing - the sexy new world of 'real estate' is here to stay. David Taylor finds that it no longer involves just buying and selling

  • Tishman Speyer boosts legal

    7-Oct-2002

    US real estate giant Tishman Speyer Properties has expanded its in-house legal function in the UK with a hire from Herbert Smith

  • Wachtell Lipton buys more time in Twin Towers insurance battle

    7-Oct-2002

    Herbert Wachtell of Wachtell Lipton Rosen & Katz, acting for the leaseholder of the World Trade Center (WTC) Larry Silver-stein, has won his application for the trial on whether the attacks on the towers represented one or two events to be postponed until next year.As first reported on www. thelawyer.com/lawyernews on 1 October, Wachtell, head of the firm's 53-strong litigation department, wanted to adjourn the trial, which was set to begin on 4 November, until an appeal ...

  • Weil Gotshal close to Serra deal

    7-Oct-2002

    Weil Gotshal & Manges is in the final stages of merger negotiations with French firm Serra Leavy & Cazals

  • White & Case beats CC, A&O to gas project

    7-Oct-2002

    White & Case has beaten Clifford Chance and Allen & Overy to advise the banking consortium financing the world's largest liquified natural gas plant, the $9bn (£5.7bn) Sakhalin 2 project