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  • Weil Gotshal & Manges is starting to rebuild its banking and finance practice in London. Ron Daitz, head of the firm's banking practice worldwide, is flying in from New York to provide direct leadership to the banking group. Daitz has advised on a range of debt restructurings, acquisition financings, project finacings and cross-border transactions. He has acted for clients such as Citigroup, GE Capital, Lehman Brothers and Chase Manhattan.
  • WorldCom is acquiring Intermedia, a US broadband communications company, for $6 billion. The deal gives WorldCom a 54% controlling interest in Digex, a provider of application services for internet-based businesses.
  • Laurie Adams
  • Allen & Overy Krakovska 9
  • Herbert Smith poaches Paris banking head from Linklaters
  • Eight lawyers have defected from the Gothenburg office of Lagerlöf & Leman, Swedish member firm of Linklaters & Alliance, as talks to merge the two firms take place.
  • Linklaters has launched a legal extranet, Clients@Linklaters, which provides clients with direct access to contact, deal and billing information via a single website. Linklaters claims it is the most advanced extranet to be offered by a law firm.
  • Gilles Thieffry
  • The iX merger proposal between the London Stock Exchange (LSE) and Deutsche Börse has been officially withdrawn in the wake of concerns over regulatory harmonization and the potential level of operating costs.
  • The regulation of Investigatory Powers Act 2000: RIP?Landwell, London