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  • Watson Farley & Williams announced on March 20 that it has acquired an entire Singapore team from French firm Klein Goddard. The six partners, one consultant, 15 fee-earners and two trainees will join the existing Watson Farley office in Singapore, which was acquired from UK firm Sinclair Roche & Temperley in September 1998.
  • In the International Bond Survey (IFLR March 2000 pp10-13) IFLR incorrectly attributed the lead manager role on the $950 million Barclays Bank Gracechurch Card Funding securitization to Allen & Overy.
  • US law firm Shearman & Sterling has hired a non-lawyer, Clinton Kendrick, to its executive board. The firm calls Kendrick "an international financial services executive and entrepreneur". He joins the firm from Matrix Global Investments, where he was CEO. The other members of the four-man board are: Stephen Volk, senior partner; Whitney Pidot, managing partner; and David Heleniak, European coordinator.
  • German firm Haarmann Hemmelrath has added to the recent opening of offices in London and Brussels by moving into Moscow. The new office complements to the firm's existing eastern European network which includes Prague, Warsaw, Bucharest and Budapest.
  • Investment funds
  • BP Amoco announced in mid-March that it will buy Burmah Castrol for $4.7 billion. Once the deal is concluded, Castrol will become its leading lubricants brand and will provide BP Amoco with subsidiary outlets in 55 countries around the world.
  • US firm Morrison & Foerster has recruited Stephen Toronto as new managing partner in its Beijing office. He becomes a member of the corporate group and also expand the firm's technology and finance practice.
  • The regional partnerships of Australia's Freehill Hollingdale & Page voted at the start of March to adopt a single national partnership. The new arrangement will become effective as of July 1 of this year.
  • Clifford Chance has boosted its international securitization practice by attracting one of Lovells' leading capital markets partners, Peter Voisey. The loss will be a blow to Lovells and gives Clifford Chance a total of eight partners in its stand-alone group.
  • Davis Polk & Wardwell is advising on its second recent high-tech merger (see Network Solutions). The US firm is advising Mission Critical Software on its intended merger with NetIQ Corporation. Both companies are valued at $1.4 billion in what they describe as "a merger of equals".