News in brief
6 August 2001
Gleacher & Co is taking on Slaughter and May's ex-head of corporate finance Michael Pescod (left), ending weeks of speculation over his departure. Gleacher is an M&A boutique focusing on investment banking and asset management and Pescod will join its four other London partners. The bank has also recruited Merrill Lynch's head of European investment banking Justin Dowley.
Blue Circle's in-house lawyers have all opted to leave the cement company rather than relocate to Paris following its £3.1bn acquisition by French building materials giant Lafarge. The five-strong team led by company secretary and legal adviser Richard Tapp turned down the offer to relocate, but only one has so far chosen a new home. Environmental specialist Karyn Trowbridge will join Reading firm Clarks, which has historically advised Blue Circle on litigation, employment and some property matters. Her move means that UK environmental work will also go to Clarks. Slaughter and May is Blue Circle's longstanding corporate adviser.
Burroughs Day of Bristol has put in place a new management team following the retirement earlier this year of senior partner and finance partner Ian Southgate. Head of commercial Chris Northover becomes senior partner, while head of personal injury Robin Davey becomes finance partner. Practice manager Catherine Barker also joins the management board.
3 Fountain Court, Birmingham, is losing consumer barrister David Travers (right) to Stephen Hockman QC's 6 Pump Court, London. Travers' wide practice includes regulatory law, which covers environmental protection, health and safety, trading standards and food safety. Travers, who also practises in clinical negligence and civil litigation, said: "I was impressed by the strength of the practice at 6 Pump Court, and the chambers' commitment to environment law as a key area."
DLA has appointed World Bank's project finance counsel Andrew Fitchie as a partner in its City office. Fitchie, who is a specialist in private sector infrastructure projects, will join the firm's new specialist energy, oil and gas project finance capability. He will work alongside Ian Johnson, who joined in March from Orrick Herrington & Sutcliffe where he was London managing partner. The firm is also planning to expand its human resources (HR) capability as it enters into talks with MCG Consulting Group. MCG is experienced in executive pay, equal pay and HR activity.
The Institute of Legal Executives has elected Andrew Weavers as its national president. Weavers is legal and committee services manager for Colchester Borough Council. He aims to help raise the profile of lawyers in local government during his year in office. Mary Dowson of Middlesbrough Borough Council was elected vice president.
Cleary Gottlieb Steen & Hamilton is relocating leading M&A lawyer William Groll from New York to London to strengthen its European M&A group. Washington partner David Gelfand is also being relocated. He will join the Brussels office. Gelfand specialises in US antitrust and litigation matters, including regulatory compliance.
Sidley Austin Brown & Wood's Washington office has hired Michael Hyatte, a member of the chief counsel's office of the division of corporation finance of the Securities Exchange Commission (SEC). Hyatte spent 19 years at the commission advising on a broad range of security law matters. At Sidleys he will focus on SEC regulatory, enforcement and corporate finance issues.
The State Bar of Georgia may lift its ban on fee-sharing between lawyers and non-lawyers in order to allow multidisciplinary practices (MDPs). The move would make Georgia only the second US state to regulate MDPs, after New York.