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  • Accountants lose Dutch bar case
    "The accountants have lost the first round," says Dolph Stuyling de Lange, general secretary of Dutch/Belgian firm Loeff Claeys Verbeke. On February 7 the District Court of Amsterdam upheld the Dutch bar rules banning mergers between accounting and law firms.
    March 01 1997
  • Andersen/ Garrigues merger is completed
    Spanish firms J & A Garrigues and Arthur Andersen ALT have completed their merger with partners approving the new partnership on January 31 1997. The firm will be known as J & A Garrigues Andersen with Andersen staff relocating to Garrigues' offices as much for symbolic as practical reasons. "We want to differentiate them clearly and move them away from where they were," comments Ramon Lladó, partner from the former J & A Garrigues.
    March 01 1997
  • Heard at the bar
    • US firm Oppenheimer Wolff & Donnelly has opened an office in Geneva. Jean Russotto, managing partner in the firm's Brussels office, will work out of the office of Swiss firm Cabinet Mayor in Geneva. The new office is to complement the work the firm does in Brussels in financial services, corporate, trade and tax law.
    March 01 1997
  • Siebe issues US$250 million in notes
    Siebe, the UK's largest diversified engineering company, issued US$250 million of global notes under US law. The notes were offered under Rule 144A and Regulation S.
    March 01 1997
  • Morgan Stanley wins Dean Witter Discover
    International investment bank Morgan Stanley is to merge with US retail financial services firm Dean Witter, Discover. The merger will create the US's biggest securities firm in terms of capital, with an estimated market capitalization of US$20 billion and total assets under management of US$270 billion.
    March 01 1997
  • Talking points
    South American regional conference
    March 01 1997
  • Steadman moves to Clifford Chance
    UK construction lawyer Tim Steadman will join Clifford Chance as a partner in March. He moves from Baker & McKenzie's London office where he has been a construction partner for the past five years.
    March 01 1997
  • Carnelutti opens in Rome
    Leading international Italian firm Studio Legale Fondato da Francesco Carnelutti has opened an office in Rome. The office will be integrated with the firm's Milan office.
    March 01 1997
  • Allen & Overy continues Moscow growth
    UK firm Allen & Overy is continuing the rapid expansion of its Moscow office. This follows the arrival last year of two lawyers from US firm Milbank, Tweed, Hadley & McCloy's Moscow office.
    March 01 1997
  • Stikeman opens in Australia
    Canada's Stikeman, Elliott opened an office in Sydney on February 4. Sydney is the firm's 14th office, and the ninth outside Canada. The office will be staffed by Roy Randall, Brian Hansen and Elizabeth Turner.
    March 01 1997
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