in review 2008 again
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Annual ReportTRANSCRIPT
In Review 2008
IntroductionWelcome to the 2008 In Review, Burges Salmon’s annual report.Despite the ongoing economic downturn, 2008 has had plentyof highlights. Whether you are reading this as a client, a friend ofthe firm, a staff member or a potential recruit, we hope that whatyou will see is the pride that we take in our clients, and the qualityof our service delivery.
ContentsHighlightsPage 2
Our ClientsPage 3
Values, Vision& StrategyPage 4
Private SectorPage 5
Public SectorPage 7
Corporate Turnaroundand Insolvency (CTI)Page 9
Pensions andEmploymentPage 10
NuclearPage 11
EducationPage 12
TransportPage 13
LeisurePage 14
Environment& EnergyPage 15
InternationalPage 17
CSRPage 19
KnowledgeManagementPage 20
StatisticsPage 21
Contact DetailsPage 22
Stephen McNultySenior Partner
Burges Salmon In Review 2008 0201 Burges Salmon In Review 2008
“A firm with ‘national premier-league status’ Burges Salmonmaintains its position.”
Chambers UK 2009
HighlightsBurges Salmon is a national law firm with over 650 personnel (72 partners), offering top quality
technical and legal expertise to both UK and foreign clients.
Mark Shepherd and Liz Dunn
Our focus on excellence and clients has led to many accolades – for example:
NNaattiioonnaall rraannkkiinnggss.........for Construction, Employment, Environment, Health & Safety, Investment Funds, EU & Competition, Private Equity, M&A (sub-£50m),
Local Government, Energy & Natural Resources, PFI/PPP, Agriculture, Pensions, Public Procurement and Rail.
Chambers UK 2009 and Legal 500 directories
7755%% ooff oouurr ppaarrttnneerrss aarree rreeccooggnniisseedd aass LLeeaaddeerrss iinn tthheeiirr ffiieelldd ooff eexxppeerrttiissee......– a higher proportion than in any of our benchmark firms.
Chambers UK 2009
BBeesstt RReeccrruuiitteerr ((NNaattiioonnaall LLaaww FFiirrmm)).........for the third consecutive year.
LawCareers.Net Training & Recruitment Awards
OOnnee ooff tthhee ffiirrsstt UUKK ffiirrmmss.........to measure, publish and pledge to reduce our carbon footprint, aiming to lead by example and –
with other founding members of the Legal Sector Alliance – encourage other firms to do the same.
PPeerrssoonnnneell hhaavvee bbeeeenn sshhoorrttlliisstteedd.........for Knowledge Management Officer, Knowledge Management Team, and Regional IT Director of the Year in 2008.
Legal Technology Awards
PPrriinnccee CChhaarrlleess aappppooiinntteedd eexx SSeenniioorr PPaarrttnneerr,, BBoobb SSmmyytthh,, aass HHRRHH AAmmbbaassssaaddoorr.........for the South West in 2008, in recognition of his leadership and support of environmental
and sustainability initiatives for businesses in the region for well over a decade.
Announced at the Business in The Community Awards for Excellence
As a firm committed to providing a City-style service, but at more
favourable rates, what we offer is a group of individualistic and
creative people who are encouraged to shine and be different.
And that is what makes Burges Salmon distinctive: being different.
Not so much in what we do – like other leading commercial firms we
offer a full range of services with key strengths and depth of advice –
but the way in which we do it.
We believe that existing and potential clients are entitled to take for
granted things like technical expertise and commercial awareness,
so what they increasingly expect from their lawyers is a high degree
of sector knowledge, combined with excellent team work and consistency
of service delivery. These are the hallmarks of the best legal firms.
At Burges Salmon we give our people the freedom, recognition and
support to develop, to grow and to succeed, and to ensure that they
really understand what our clients need in their increasingly competitive
markets. We believe our clients enjoy working with us because we are
balanced, accessible and enthusiastic.
The quality of our clients and the work they bring us are a tribute
to Burges Salmon’s primary asset – its people.
Major Clients include:BNP ParibasCititrustCorusECI PartnersForeign and Commonwealth OfficeFirstGroupHBOSIntercontinental Hotels GroupInternational PowerLloyds TSBMilk LinkMODNationwideNuclear Decommissioning AuthorityOrangeQinetiQRBSStandard Chartered Bank The Crown Estate
Our Clients
We work with some of the world’s most innovative, successful
and high profile companies in a range of industry sectors.
We also help entrepreneurial start-up clients turn ideas into
business. We are continually evolving our approach to client
care and work hard to understand our clients’ businesses.
We identify the issues by getting to know our clients, asking
questions and being approachable. We encourage client
feedback and strive to deliver sound commercial advice, with
total professional commitment.
The diversity of our client base adds to the breadth and depth
of our commercial experience and expertise.
Values, Vision & Strategy
Will MacFarlane and Tim Roberts
Burges Salmon sees its values as a core part
of the firm’s ethos. In 2008 we set up staff
workshops to ascertain whether the firm’s
values are the right ones and if they are being
lived on a day-to-day basis. Agreement that
they are was near unanimous.
Burges Salmon values are:
• Quality
• Commitment
• Loyalty
• Ambition
• Fairness
Enduring relationships grow out of working
together with people and organisations
whose values are compatible with your own.
Whether you are a global multinational, an
innovative local business or a government
body, our commitment to providing excellent
service remains the same: combining
technical excellence with commercial insight
to provide the clearest of answers.
Our vision is to be a firm with a national
practice and compete with the best law firms
in the UK in our chosen markets. We aim to
provide a broad range of excellent services
that exceed our clients’ expectations,
whether they be national or international.
And to achieve this we must continue to
recruit and retain the best lawyers and
support staff.
StrategyTo be the first choice law firm for
clients and staff seeking a real
alternative to City firms.
“My aim is to produce all work to the best of my ability no matter how big or smallthe piece of work or who the client is.”Helen, Secretary, after a ‘Living our Values’ Workshop
Map shows geographical locationof our top UK-based clients.
03 Burges Salmon In Review 2008 Burges Salmon In Review 2008 04
Centaur Grain We advised long standing client Centaur on
its merger with Grainfarmers to establish a
major new grain marketing and input supply
business which is owned and controlled by
British farmers. The new business, branded
Openfield, will handle around 4 million tonnes
of grain (approximately 20% of the UK market)
and will work with over 7,000 farmers. The
main focus for the new business is building
long-term supply chain partnerships in
order to create value for its farmer-owners
and customers.
CODA plcWe advised long standing client, AiM quoted
financial software provider CODA plc, on the
cash offer made in January 2008 by Dutch
rival Unit 4 Agresso NV. The offer, of 205p
per ordinary share, valued CODA at £158m.
Harrogate-based CODA is one of the UK’s
leading providers of financial accounting
software systems, operating in 14 countries
with more than 2,500 customers. Netherlands-
based Unit 4 Agresso is a leading European
provider of ERP software solutions. The
takeover created a top 10 European business
software vendor with revenues in excess of
300m Euros and operations in 19 countries.
Helphire Group Plc Burges Salmon acted for Helphire Group plc
in the Court of Appeal. The test case arose
out of their provision of post-accident services
to the innocent victim of a motor accident,
caused by an uninsured driver. The defendant
was Motor Insurers’ Bureau (MIB), the body
set up by the insurance industry to administer
such claims in the UK. The ruling that the MIB’s
stance on refusing the claim be referred to the
European Court of Justice has the potential to
affect the whole regime for compensating
victims of uninsured/untraced drivers in the UK.
Sumus Plc We acted for Sumus Plc on its merger, by
way of a High Court scheme of arrangement,
with Lighthouse Group Plc. Both Sumus
(the holding company for the “Falcon”
branded IFA businesses) and Lighthouse
were publically quoted on the London Stock
Exchange’s AiM market and we had acted
for Sumus on its own flotation in February
2005. At a time of rapid consolidation in
the IFA and wealth management sectors,
the merger created one of the largest
autonomous entities in the market for the
provision of independent financial advice,
wealth management and the distribution
of retail financial products in the UK.
Private Sector
We have a wealth of commercial experience. Our private sector clients range from local businesses to
large, multinational corporations. We have provided expertise across a wide range of sectors, including
financial services, real estate & construction, transport, energy & utilities, aerospace & defence,
food & farming, IT & telecoms and leisure. In June we were ranked as one of the top FTSE100
legal advisors by Hemscott, being ranked 11th law firm by number of FTSE100 clients advised.
BNP ParibasBurges Salmon’s funds practice continues to
grow from strength to strength. We recently
advised a specialist fund division of the BNP
Paribas group on its Privalto Stabiliser range
of structured funds. The legal input required
for this project required a unique blend of in-
depth knowledge of the laws and FSA rules
applicable to open-ended investment
companies as well as specialist expertise on
structuring derivatives.
Premier Medical Group
We advised 3i and the individual shareholders
of Medico Legal Reporting in connection with
the merger of Premier Medical Limited and
Medico-Legal Reporting to create the UK’s
largest provider of medical opinions. The
transaction was backed by growth capital
from Nomura Private Equity.
Aviva Investors We were appointed to act for the Cardiff Bay
partnership, a limited partnership fund owned
by Aviva Investors, on all corporate and
property matters relating to its estate. This
comprises £150 million of property in the
newly developed Cardiff Bay area of the city,
including the Welsh Assembly government
offices and debating chamber.
CostainWe advised Costain in its role as design and
build contractor on the £2 billion Greater
Manchester waste management PFI project,
the largest waste management project in
Europe. This involves the construction of 44
facilities and was the company’s biggest ever
single project. We also advised Costain on the
terms of four major technology sub contracts.“A well deserved reputation
in the marketplace”.
Chambers 2009
“BS [corporate] lawyers are lauded for their “professionalism, great understanding of business and willingness to go the extra mile.”
Chambers UK 2009
05 Burges Salmon In Review 2008 Burges Salmon In Review 2008 06
supplier (IBM UK Ltd). This was the first
project of its kind involving an emergency
services organisation and the deal is
expected to be worth in excess of £500m
over its 10 year lifetime. The deal is seen as
a pathfinder for collaborative procurements
in local government.
The project involved an innovative secondment
structure to protect the position of staff. Burges
Salmon worked with the Police team to create
innovative solutions to a number of key issues
such as the procurement structure and the
provisions relating to information security.
The Crown Estate Whilst continuing as lead advisor to The
Crown Estate on the management of the
regional portfolio and its holdings in St James
and Regents Park in London, Burges Salmon
has advised The Crown Estate on a number
of major commercial property transactions,
including most recently the acquisition of a
portfolio of six multi-tenanted industrial
estates from SEGRO plc for £64.4m and the
acquisition of a 50% share (jointly with Aviva)
in a retail park for £67.7m.
Communities and Local Government We have advised the Department of
Communities and Local Government (CLG)
on the replacement of a pan Governmental
Agreement for the supply of geographic
information to Central Government. We
advised on all aspects of this major public
sector procurement run by CLG on behalf of
200 other Central Government Public Bodies.
There were high profile IP and Governance
issues raised in the course of negotiations,
and this led to us working closely with all the
parties to develop a specifically designed
rights and responsibility agreement and IP
licence arrangement.
Contracts are currently close to signing and are
estimated to be worth £100m over 5 years.
Police and Emergency Services Our market leading Emergency Services
practice continues to be involved in a range
of groundbreaking projects, including acting
for Avon & Somerset Police Authority on
their ground breaking shared services project
(see opposite page), and we were delighted
to be invited to speak at the Association of
Chief Police Officers’ National Convention
in Liverpool.
We were appointed in 2008 to the new
Metropolitan Police Service panel to advise
on ICT, an area of significant importance for
the MPS, particularly in the run up to the
2012 Olympics. We have also been
appointed to the Avon Fire and Rescue
Service Panel.
We continue to advise Firebuy Ltd on a
number of national procurements, and
act for longstanding client London Fire
and Emergency Planning Authority on a
wide range of projects.
We have also acted for a number of other
police forces including Dwfyd Powys and
Devon & Cornwall Police forces.
MoD/DfT
We continued to act on a number of high
profile, complex and operationally critical
transactions for the MoD. For example, we
are advising the MoD and the DfT on the
competitive dialogue process for a PFI
project for the provision of search and rescue
helicopter services from UK bases. This is a
proposed 25 – 30 year contract worth £3 –
£5billion. Our involvement with this process
and other such processes over the last year
led to us being consulted by the OGC over
its recent guidance on competitive dialogues.
We also received new instructions to act for
the MoD on a number of other major projects
including training service simulator projects
for the Future Lynx helicopter and the A400M
transport plane, and were invited to
participate in a project to develop a set of
standard contract templates to be used by
the MoD across their business.
We have also received regular instructions
from DfT on rolling stock and other rail
industry matters.
London Waste and Recycling Board We are the sole legal adviser to the newly
established London Waste and Recycling
Board (“LWaRB”). Chaired by the Mayor of
London, Boris Johnson, the LWaRB will
administer and allocate the London Waste
and Recycling Fund, which comprises
£60 million from government (over three
years) and up to £24 million provided by the
LDA (over three years starting in 2009/10).
Southwest One/Project ISiS We advised our long standing client Avon
and Somerset Police Authority on all aspects
of a ground breaking shared services
procurement deal where a joint venture
company was formed with two local
authorities, the Police Authority and the
“Responsive and
efficient specialists,
who get the job
done well.” Chambers UK 2009
Public Sector
In 2008 we acted on a number of major, path finding transactions in various different sectors and for a
number of different bodies including Central Government, Local Government, emergency services,
higher and further education providers, and non departmental public bodies. We won several
major new clients this year and built successfully on being the only firm outside London to be
accredited by OGCbuying.solutions to all 8 Lots of its legal services panel – Catalist – including
the major projects panel for projects over £100 million. Our work has included collaborative
procurements, strategic procurement advice, PFI/PPP, shared services, education, environmental
projects (including waste), nuclear decommissioning, transport, facilities management, estate
rationalisation and asset management, housing, regeneration, development projects, planning,
carbon reduction and trading, employment, TUPE, pensions, IT projects and IP issues.
Noah Phillips, Amy Watsonand Keith Beattie
07 Burges Salmon In Review 2008 Burges Salmon In Review 2008 08
Corporate Turnaroundand Insolvency (CTI)Our CTI practice is very active with teams of specialist lawyers from around the firm advising daily
on diverse issues arising from the impact of the credit crunch. Our team advises all parties who
have an interest in distressed business situations including boards of directors, office holders,
lenders, creditors, suppliers and employees.
“This team is said to ‘punch greatly
above its weight’ on complex work.”Chambers 2008
Pensions and EmploymentBurges Salmon has a nationally respected and highly rated pensions team which works with
employers and schemes of all sizes throughout the UK. In 2008 Clive Pugh joined us from the
Pensions Regulator and his regulatory insights have strengthened the team’s expertise.
Our employment team handles the full range of employment work and also advises on all
aspects of discrimination, dealing with employment tribunals and High Court litigation.
Trustee PracticeWe are a nationally recognised independent
trustee practice both in respect of ongoing
schemes, those winding up and also PPF
entry cases. We are a regulator appointed
trustee of the Telent Scheme.
Pensions LitigationWe have been central to some of the highest
profile pension cases of 2008, including
Smithson v Hamilton in respect of correcting
errors in scheme documents, and Foster
Wheeler v Hanley in respect of flexible
retirement. We are also heavily involved in the
pension consequences of the insolvency of
one of Europe’s major airlines.
Avon Rubber We advised the Trustee of the Avon Rubber
Retirement and Death Benefits Plan. This is
a significant scheme with assets of £250m
and a membership of 5,000. Work in 2008
included advice on a scheme apportionment
arrangement and a complete rewrite of the
scheme rules.
QinetiQQinetiQ Ltd came to us for advice on changes
to their pension and enhanced redundancy
terms in light of the introduction of age
discrimination legislation in the UK. We
have also advised QinetiQ on an ongoing
basis regarding TUPE, pensions and age
discrimination issues.
Thomson Reuters We advised the HR and legal teams of
Thomson Reuters on all employment aspects
of the merger of Reuters and Thomson
Finance. This has included advice on
restructuring, harmonisation of terms and
conditions and the review and implementation
of employment documentation.
Standard Chartered BankFollowing the acquisition of American
Express Bank by Standard Chartered Bank,
we have advised the HR and legal teams of
Standard Chartered Bank on the transfer of
employees and the restructuring of the
merged business functions. This has involved
working with senior management on the
design and implementation of the strategy
for the restructuring.
Adrian Martin
09 Burges Salmon In Review 2008 Burges Salmon In Review 2008 10
Corporate Rescue and Failure
With the deepening economic gloom in 2008
came a desire from the banks to support
corporate turnaround where possible. We
have worked with many company doctors,
banks (we are on the panels of most of the
large British banks) and boards of directors
to save businesses and, sadly where this has
not been possible, we have advised on the
optimum method for the company to cease
trading and best realise its assets. This is
often via administration but also can involve
formal winding up procedures.
In the past year we have been increasingly
advising boards of directors (including listed
plcs) on their options in difficult times including
possible personal liability for “wrongful trading”
and what they can do if they suffer fall out from
the insolvency of others. For example, we have
advised significant suppliers on issues arising
from the collapse of both Woolworths and Zavvi.
It is clear that these issues will only increase in
2009 and that our team will continue to be busy.
Corporate Pre-packs So called “pre-packed” insolvency processes
are becoming the norm to preserve the
viability of businesses. Whilst gaining some
adverse publicity, pre-packs often provide
a better return to creditors than on a
winding-up and ensure the survival of at
least part of the business (and jobs).
Our experience in pre-pack situations, often
involving tax advice in order to maximise the
fiscal advantages of the restructuring
process, has helped companies, banks and
investors through this inevitably stressful
process, and played its part in the survival of
a number of viable businesses.
Property and ConstructionThe downturn has significantly affected the
property sector which led to a resurgence of
LPA receiverships in 2008. We have advised on
the restructuring of property portfolios involving
refinancing, sale and management issues faced
by lenders and office holders where property
is held for the longer term. Recent work
has included multi-million pound buy-to-let
portfolios, commercial investment properties,
nursing homes and residential developments.
Distress in the property sector has revealed
fraud, and valuer and solicitor negligence,
leading to claims which are enhancing
lenders’ prospects of making recoveries.
Our experienced team of litigators led by
partners who were involved in similar claims in
the 1990s, is advising lenders on these claims.
In the construction sector we have assisted
clients dealing with the fall-out following the
collapse of key contractors and with projects
which have stalled because of problems with
joint venture partners and funding issues.
Nuclear DecommissioningAuthority
We act for the NDA on their asset use
programme, as well as their innovative plans
for the disposal (whether by sale or lease) of
surplus land at a number of key sites.
The work has entailed strategic advice on
property planning, nuclear and environmental
law, procurement and various other legal
disciplines. It has recently taken on particular
significance given the government’s priority for
facilitating new nuclear build and with the
acquisition of British Energy by EDF of France.
We identified a resource issue within the NDA
and this resulted in some property-related
instructions. We have provided property
secondees and identified a team which now
supports some of the NDA’s Nuclear Estate
projects. Covering 18,000 acres, the wide
remit ranges from first registration projects
and management of the nuclear industrial
estates at Harwell and Winfrith, to the sale of
an hotel. The biggest project to date is the
disposal of sites at Bradwell, Oldbury and
Wylfa which are likely to be used for a new
wave of electricity generation.
BS Specialists At the centre of the firm’s pure nuclear law
capability is a dedicated ‘core’ team of six
nuclear specialists. Pure nuclear work is
broken down into the following four core
practice areas covering each phase of the
nuclear plant life cycle:
• Decommissioning and Operational
• Waste
• New Build
• International Regulatory and Governmental
The team was further strengthened with the
strategic appointment of Anthony Wetherall.
Anthony joined after seven years at the IAEA
Office of Legal Affairs, where he advised on
wide-ranging international nuclear law issues,
including safety, security and liability. His
extensive service on the IAEA International
Expert Group (Nuclear Liability) and his
extensive knowledge on international nuclear
liability instruments, provides clients with a
valuable resource particularly on setting up
national nuclear legislative and regulatory
frameworks, and advising on infrastructural
issues arising from new build programmes.
Our cross-departmental Education Group has continued to grow during 2008 both in terms of
expertise and lawyer numbers. We advise significant numbers of clients across the entire
Education sector, but the scope of major projects work undertaken for Higher Education clients
in 2008 has been particularly noteworthy.
Nuclear Education
Clients describe Burges Salmon as “nothing short of outstanding,” and areimpressed that it “still recognises the importance of the local market,” despitethe fact that it also operates nationally.
Chambers UK 2009
Our nuclear law team has grown over the past decade to become one of only a handful of
nationally-recognised expert nuclear practices. The team, headed by Ian Salter (one of the UK’s,
and increasingly Europe’s, top nuclear lawyers) has a broad portfolio of nuclear clients (public and
private sector), providing both ‘pure’ nuclear law and multi-disciplinary nuclear-related legal advice.
As the sector expands globally and our domestic nuclear power-generating capability is shared
worldwide, the Burges Salmon specialist team is well placed to build on current experience and
transfer it to the emerging international marketplace, where it will be equally applicable and
valuable long in to the future.
11 Burges Salmon In Review 2008 Burges Salmon In Review 2008 12
Exeter UniversityWe were appointed to the university’s
property panel in 2008 and act as sole
adviser on its flagship Forum Project,
a £50m redevelopment of the centre of
its main Streatham Campus.
Bath Spa University
We have advised a number of Higher Education
bodies on property and commercial aspects
of non-integrated campus relocations, which
for Bath Spa University involved the sale and
lease-back of an entire Georgian crescent
in Bath and the drafting of an appropriate
profit-sharing agreement. We have also
advised the University on an agreement for
development of student accommodation,
involving complex nomination rights.
Carbon Reduction CommitmentWe provide briefing notes specific to the
education sector on the carbon reduction
commitment, a proposed mandatory UK
emissions trading scheme being introduced
for large public and private sector
organisations whose electricity usage
exceeds relevant thresholds.
Imperial College London For the past 4 years we have been advising
on the decommissioning of the College’s
nuclear reactor and facilities, involving
strategic planning, procurement and state
aid, employment, commercial and property
as well as nuclear law advice around fuel,
waste, transport and liability. We also advised
the College on staff and Board liability issues
including the impact of the recent Corporate
Manslaughter legislation. This led to our recent
instruction to advise on a major review of its
governance and constitutional framework as
well as that of the associated Imperial NHS
Trust and a proposed joint venture.
Bristol UniversityWe have advised longstanding client Bristol
University on a wide range of legal issues
including a major student accommodation
project and various property acquisitions.
We provide day to day employment and
diversity advice to the University which has
included the successful defence of a number
of complex Employment Tribunal cases.
We have also advised on the harmonisation
of employee terms and conditions of
employment and the review of their
employment contracts and policies.
We actively encourage partnering
arrangements with the University including
running a joint pro bono law clinic,
participating in the Bristol Enterprise Network
and holding open days for their students.
Pontin’s
A cross-firm team from Burges Salmon’s
corporate, property and finance units advised
on the recent acquisition of Pontin’s, for
£46m, by investment and management
company Ocean Parcs. With experience and
knowledge of the leisure, consumer and
property development industries, the new
owners plan to re-vitalise Pontin’s,
recognising that more and more eco-
and budget-conscious holiday makers
are looking to UK destinations for
family vacations.
Royal Armouries
We have been appointed to provide legal
advice to Royal Armouries, Britain’s oldest
museum, on matters spanning a range of
legal disciplines, including the placement of
contracts for the design, build and installation
of various exhibitions, and brand protection
issues. Our role (which will last for at least
three years) for this important charity has
also seen us advising on a significant
re-development of Royal Armouries’ Fort
Nelson site, setting up a ground-breaking
partnering arrangement with another charity
(Historic Royal Palaces, with whom Royal
Armouries shares the site at the Tower of
London), and helping to ensure compliance
with applicable procurement law.
Weston PierWe acted for AGM Holdings plc on its
acquisition of Grand Pier Limited (“GPL”),
the company which owns the 104 year old
Grand Pier in Weston-super-Mare. We are
now advising GPL on the aftermath of the
fire that destroyed the Grand Pier’s Pavilion
on the morning of 28 July 2008 and the
rebuilding process. This includes assisting
GPL with its consultation and liaison with a
significant number of interested parties
including North Somerset Council, Natural
England, English Heritage (on the Grade II
listed status of the destroyed Pavilion) and
the people of Weston-super-Mare. At the
time of writing a planning application is
imminent and AGM Holdings plc’s owners
hope to open a newly reconstructed pier in
the Summer of 2010.
2008 has seen a significant expansion of our expertise in the Leisure sector. We are currently
acting for clients with interests in camping, caravan and holiday parks, hotels, restaurants,
pubs, clubs, garden centres, visitor attractions, sports stadia, racecourses, marinas and piers.
Transport
Burges Salmon has been involved with the transport industry for over 20 years, during which
time we have advised a wide range of bus, rail and aviation clients. 2008 was another strong
year, especially for our Rail Group who, as well as working on a number of key industry
projects, also won significant new instructions from some of the industry’s household names.
Leisure
“Rail remains dominated by larger City firms, which can offer the corporate muscle and projects expertise to handle substantial procurement and infrastructure instructions. Burges Salmon LLP is an exception to the rule, regularly winning top-drawer
instructions away from its City rivals.” Chambers 2009
13 Burges Salmon In Review 2008 Burges Salmon In Review 2008 14
Alstom Transport
First instructed by Alstom in 2007 in relation
to London Underground fleet, in 2008 we
advised on the £1.5 billion project to
lengthen and strengthen the Pendolino high
speed fleet operated by Virgin West Coast.
Four new trains, with at least 35 of the
enlarged fleet of 56 trains lengthened to
11-car formation, will provide an additional
7,240 seats by 2012. A new maintenance
contract for the fleet will extend until March
2022. Our relationship with Alstom arose
from working opposite each other on a
number of major rolling stock matters
since privatisation.
Translink/NI Railways Public transport in Northern Ireland is
still operated by the Northern Ireland
government, through an integrated public
transport body known as Translink. In 2002
Translink acquired a fleet of 23 diesel multiple
units for use by Northern Ireland Railways.
Our Rail Group has been appointed by NIR
to their ‘New Trains Two Project’, for the
procurement of a further 20 new DMUs.
In making the appointment NIR/Translink
commented on the very real additional
value they perceived would flow from our
involvement with the project given our
extensive experience of rolling stock
procurements for Great Britain’s railway.
Eurostar
Our Autumn 2008 appointment by Eurostar to
provide specialist rail regulatory advice was a
further acknowledgement of the Rail Group’s
market leading expertise. As the principal train
operator on ‘High Speed 1’ and the provider
of passenger services in three countries,
Eurostar operates in a unique regulatory
environment on networks owned and operated
by infrastructure managers in the UK, France
and Belgium. We will work on a business-wide
review of the regulatory, access and charging
regimes which apply to this unique railway,
regimes which, whilst having served well
through the construction phase of the Channel
Tunnel Rail Link, must now be fit for purpose
for the ongoing operational phase.
International Power plc
In 2008 we advised International Power
on a joint development agreement with
West Coast Energy Limited in relation to
the financing and development of at least
10 wind farms across the UK. These 10
projects will, if consented, produce up to
140MW of renewable energy, enough to
power 78,000 homes in the UK.
Helius Energy plc Our relationship with Helius Energy plc
(‘Helius’) continues to strengthen. One of
the year’s highlights was advising on its
Stallingborough biomass power project.
We assisted Helius throughout the project,
initially in early contract negotiations to bring
the project together and then advising on its
successful sale to RWE Innogy.
The sale transaction value for this 65MW
(Net) renewable electricity generating station
was £28m. Supported by Burges Salmon,
Helius will use the anticipated £20m sale
profits to fund further pipeline projects.
Energy Minister Malcolm Wicks described
the Stallingborough project as an important
step in tackling climate change, securing
energy and ‘powering a greener,
cleaner UK’.
Canatxx The Environmental and Planning teams have
won a mandate to advise American energy
company Canatxx on the consenting of the
UK’s largest proposed on-shore gas storage
project in Fleetwood, Lancashire. Gas will
be stored in caverns in natural salt beds.
The project will involve applying for a number
of high profile planning permissions and
environmental consents, over the next
few years.
The Carbon Trust We advised the Carbon Trust, the leading
UK authority on carbon reduction, on
launching the Carbon Trust Standard: the
world’s first award scheme for organisations
that have taken action on climate change by
genuinely reducing their carbon footprint.
The Carbon Trust Standard complements
the Carbon Reduction Label scheme,
on which we also advised. This scheme
focuses on consumer goods and services
and encourages companies to measure
and reduce the carbon footprint of
their products.
Tony Stockwell, Head of Legal at the
Carbon Trust said:
“Burges Salmon have successfully steered
us through the intricacies of trade mark law
and product labelling legislation with their
timely and practical advice enabling us to
launch and develop the schemes to an
extremely tight timetable.”
Environment& EnergyBurges Salmon has developed a pre-eminent reputation as legal advisors to those in the environmental
sector and through this the energy sector on technologies linked to the environment and climate
change, such as renewable energy.
2008 saw us develop some landmark projects and lead on a number of important legal
proceedings. Our team advises on issues including pure environmental regulation, defending
environmental prosecutions, environmental civil litigation and toxic torts, advice on carbon law
and trading and the consenting, development, build out and ultimate project financing of
environmental projects such as large and small scale waste treatment and recycling projects and
wind, wave, tidal, biomass and biofuels projects. Our pre-eminence in the sector has attracted a
number of major multi-national companies and utilities to turn to us for advice.
“Ross Fairley’s team
is the only real
alternative to the
City in this sector”. Legal 500, 2008
The Environment Team is praised for its “outstandingcommitment to environment law” which “gives City firms a real run for their money”.
Chambers UK, 2009
Chris Pritchett, Michael Barlow,
Suzanne Padmore and Georgie Messent
15 Burges Salmon In Review 2008 Burges Salmon In Review 2008 16
NuonWe advised Nuon UK Limited in successfully
navigating the complicated Forestry Commission
Wales and the Welsh Assembly Government
procedures for procurement of proposed wind
farm sites. The procurement lasted over a year
and ended with our client being awarded two
strategic search areas within which to obtain
planning and build out for large scale wind farm
projects. The successful build out of these
projects will go a long way to helping Wales
achieve its renewable energy targets. We
continue to work with Nuon in developing
these projects and our advice to date has
included planning, property, procurement,
construction and grid connection advice.
The proposed Pen Y Cymoedd project will
have a capacity of up to 300MW, making it one
of the largest wind farms ever built in the UK.
Legal Sector Alliance
The Legal Sector Alliance is an inclusive
movement of law firms committed to taking
collaborative action to tackle climate change,
established in October 2007. Burges Salmon
has been an active founding member of the
LSA and we firmly believe that law firms
will make better progress by sharing best
practice and information rather than
acting alone.
We were part of the Carbon Footprint
Protocol working group, which developed
the first sector specific carbon footprint
measurement tool which has been launched
across the profession.
We have adopted the LSA climate change
principles and these will be applied to the
working practices across the firm.
Foreign andCommonwealth OfficeWe closed a high profile international
outsourcing deal for the FCO advising on a
major Facilities Management shared services
procurement for the FCO’s UK Home Estate
and 14 diplomatic missions in Europe.
A cross firm team from Burges Salmon
worked closely with our European better
friend international referral relationship firms
across 12 jurisdictions; such firms included
Claeys & Engels, Nörr Stiefenhofer Lutz and
Wardynski & Partners.
The deal was worth £70m over 7 years with a
possible 3 year extension. The deal is forecast
to generate significant savings for the FCO and
is also structured so that other Government
Departments can participate, consistent with
Government policy to encourage collaborative
procurements, and generating savings on
overall procurement costs.
Bounty Group Burges Salmon worked closely with ECI
and the management team of Bounty on
its disposal to Kaboose Inc, the largest
independent family focused online media
company in North America, for £70m.
Burges Salmon worked with ECI Partners
LLP, a long standing client, on the original
management buy out of Bounty in December
2004. We worked closely with Gowling
Lafleur Henderson in Canada on
the disposal to Kaboose, with Stikeman
Elliot acting for Canadian-listed Kaboose.
Corus
Over the last year we have continued to act
for the steel producer Corus on a wide range
of international matters, including advising on
tenders for the supply of materials to major
oil and gas projects in countries such as
Nigeria, Angola, Egypt, Australia, Malaysia,
Indonesia, Brazil and China and contracts
for the supply of engineering services in
India and Mexico.
Yahsat
We continue to advise the United Arab
Emirates Armed Forces on the
groundbreaking Yahsat satellite
communications project. Having gained
substantial expertise when advising the UK
Ministry of Defence on the MoD’s £3.5 billion
Skynet 5 military satellite contract that closed
in December 2005, we have been able to
apply our experience and knowledge in an
international context as the project is
modelled on a UK PPP structure.
International
2008 has seen a significant upturn in the amount of cross-border and international related
transactions the firm has been involved with. We have coordinated advice across multiple
jurisdictions and some of our largest clients have been referred to international firms with whom
we have developed better friend relationships. While international work is a core component of
the firm’s corporate finance practice, we have seen a large spread of international work across
a number of specialist areas, including banking, property, employment, pensions, projects,
intellectual property, environment and energy.
We are making a significant investment in developing the relationships with our better friend firms
to ensure that our clients are provided with the same priority and quality of service that they expect
from Burges Salmon.
“As with every aspect of our strategy, our approach is client-led. It is based upon a client’s needs to access lawyers overseas as and when they are investing in orhave concerns in jurisdictions outside the UK.”
“We play a pivotal role in co-ordinating
the service our clients receive.”
17 Burges Salmon In Review 2008 Burges Salmon In Review 2008 18
Barclays WealthBurges Salmon was tasked with producing
detailed training for all Barclays Wealth’s
advisers dealing with resident but non-domiciled
(RND) clients. Barclays Wealth has over 300
advisers in this area with more than 7,500
relationship-managed clients and over
35,000 total RND clients – based all over
the world. The aim of the training is to make
Barclays a centre of excellence in providing
banking and wealth management services
to RND clients – bringing them up to speed
on the fundamental changes introduced by
Finance Act 2008 Schedule 7. We have
provided online training modules for Barclays
Wealth’s internal e-learning system, a range
of multiple choice questions and face-to-face
training sessions.
This has involved working closely with the
UAE Armed Forces team in its negotiations
with Al Yah Satellite Communications Company
(Yahsat), a wholly owned subsidiary of the
UAE government’s strategic investment
and development vehicle Mubadala
Development Company.
With the industry now generating revenue in
the region of US$80 billion annually, this is
an exciting time for Burges Salmon to be
involved in this growing, global business.
Following this appointment, Burges Salmon
can now legitimately claim to be one of the
worlds leading legal advisers in this sector.
At Burges Salmon, we believe that ready access to legal and business information is essential
for a high quality legal service. We also see knowledge-building and sharing as an important part
of our client partnership ethos and welcome the chance to develop a collaborative approach
with clients in this area.
Since the early 1990s Burges Salmon has been committed to pursuing business in a
responsible manner, and supporting the communities in which we work and live. In 2008 Prince
Charles appointed our CSR champion, ex-Senior Partner Bob Smyth, as HRH Ambassador for
the South West 2008, in recognition of his leadership and support of environmental and
sustainability initiatives in the region for well over a decade. A new team has taken up the mantle
of supporting and promoting our CSR initiatives, ensuring that our social, environmental and
ethical standards match the high quality of our legal services. Knowledge Management
“From willing volunteers for the leg wax to keen
cyclists and rowers I know that many staff have
given a lot of time and effort to make the
partnership a success – thank you very much.”
Jane Atkinson, The Jessie May Trust
The management of our Knowledge and Know How is a vital part of the service we offer to clients.
Corporate SocialResponsibility
Supporting Our Clients’ Businesses Effective support and ready access to
knowledge are essential for our lawyers to
deliver a professional service to clients.
Our lawyers are leaders in their field in a
wide range of business sectors, both at an
individual and team level, and knowledge
sharing ensures that our legal teams provide
top quality, tailored advice and keep abreast
of legal developments, to better support our
clients’ businesses.
Clients can also access Burges Salmon’s
knowledge and information expertise directly
and we have recently advised a key client on
knowledge management to support its
business objectives.
State of the Art KnowledgeManagement System We appreciate the importance of
understanding how our clients utilise know
how and have invested in our market leading
KM System (GateWest New Media’s
Autonomy-based ‘University in a Box’), which
is also used by organisations such as BAE
and ABN AMRO.
The intuitive capability of the KM System has
opened up access to our know how and
significantly increased use of the firm’s
excellent range of major legal and specialist
sector resources. It has also enabled Burges
Salmon to speed up delivery of high quality
professional services to clients.
The Knowledge Management Team The firm’s strength and depth is reflected
in its KM team who support and encourage
our lawyers’ wide range of knowledge
building and sharing activities, e.g.
workshops, podcasts, webinars, etc.
We have Professional Support Lawyers
(PSLs) to support each sector or
department. The firm also employs a team
of professional librarians and has Knowledge
Partners and a highly qualified central team
including a Director of Development and
Know How, a Head of KM/IS and a
KM Executive.
Burges Salmon’s knowledge team and PSLs
have contributed to industry-wide discussion
fora and speak at national KM conferences.
Our Head of KM, Carol Aldridge, won the
Legal Technology Awards ‘Regional KM
Officer of the Year’ category for 2008, is
short-listed for ‘National KM Officer of the
Year’ in 2009, and our KM Team for
‘National Team of the Year’.
Gail McDonald, Clare Whitt,Richard Field, Carol Aldridgeand Norris Riley
19 Burges Salmon In Review 2008 Burges Salmon In Review 2008 20
Pro BonoOur Pro Bono support for the University of
Bristol Law Clinic was shortlisted in 2008 for
a LawWorks Pro Bono Award. LawWorks is
the operating name of the Solicitors Pro
Bono Group – an independent charity with a
mission to support, promote and encourage
a commitment to pro bono across the
solicitors’ profession. For the past seven
years we have hosted an interviewing skills
training event for the first year law students
who have joined the Law Clinic. Since 2006
our role has expanded and now includes
providing sessions covering research and
drafting skills. Trainees, professional support
lawyers and support staff all give willingly of
their time – at weekends and evenings – to
deliver the training.
The Jessie May Trust
The firm’s Charity of the Year 2008 has been
The Jessie May Trust. Based in Kingswood,
Bristol, it provides respite care for terminally
ill children in their own homes. The Bristol to
Paris Bike ride raised over £20,000 which is
sufficient to provide 4 families with respite
visits for the whole year. The firm raised a
total of £55,000 over the course of the
fundraising year which makes it the biggest
corporate donation received by the charity.
Burges Salmon Environmental Policy In June 2008 we adopted a new Environmental
Policy demonstrating our commitment to
improving our environmental performance in
three significant areas: use of resources;
waste generation and travel. To achieve our
commitment we have conducted Switch Off
campaigns, reduced paper use by moving to
primarily electronic filing systems, increased
recycling facilities and we support an active
Bike Users Group.
DiversityAs part of our commitment to recruiting
people from a wide range of backgrounds,
we are attending law fairs at a wider spread
of universities. We are also developing
community links and holding open days
for pupils from a more diverse range of
schools across Bristol. We have been
undertaking diversity surveys since 2006,
publish the results, and our Diversity
Committee uses them to identify further
areas to be addressed.
Statistics
0
10
20
30
40
50
60
70
80
2004 2005 2006 2007 2008
0
10
20
30
40
50
60
70
80
2008
2007
2006
2005
2004
Partners
72
64
63
57
54
All Personnel
670
550
512
485
464
Staff Numbers
Fee Income (£million, year ending April)
Manufacturing& Other
23%
Financial Services25%
Real Estate & Construction
11%
Transport10%
IT & Telecoms5%
Leisure5%
Food & Farming5%
Aerospace & Defence7%
Energy & Utilities9%
Top 250 Clients by sector
ContactDetailsBristolNarrow Quay HouseNarrow QuayBristolBS1 4AH
Phone: 0117 939 2000Fax: 0117 902 4400Email: [email protected] Address: 7829 Bristol
LondonChancery Exchange10 Furnival StreetLondonEC4A 1AB
Phone: +44 (0) 20 7685 1200Fax: +44 (0) 20 7685 1266Email: [email protected] Address: 361 Chancery Lane, London
www.burges-salmon.com
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21 Burges Salmon In Review 2008