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  • January 13, 2009 |

    O'Melveny bankruptcy co-chair quits for Dechert

    Michael Sage, the co-head of restructuring at O'Melveny & Myers, has joined Dechert in the latest in a series of high-profile moves in the bankruptcy Bar. Sage primarily represents creditors in bankruptcies and out-of-court restructurings, including acting on the Chapter 11 proceedings for Refco and Ziff Davis Media. He bills $895 (£610) an hour, according to an August filing in the Ziff Davis bankruptcy, which earned O'Melveny nearly $1.02m (£695,000) in fees.Sage said: "Dechert provides me a wonderful opportunity to combine my practice and things I like to do and am good at with what the firm does."

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  • January 9, 2009 |

    Bakers announces associate layoffs in New York

    Baker & McKenzie has become the latest firm to announce redundancies, with the firm cutting six of its New York associates as a result of the ongoing economic downturn. The international firm's New York office houses around 140 lawyers including 60 partners and the cuts come as part of a range of cost-cutting measures introduced in response to market conditions.Bakers said in a statement issued today (9 January): "We are in strong financial health, thanks in part to a sound strategy and fiscal discipline, as well as our firm's geographic and practice diversity. However, over the last few months, as a consequence of the downturn affecting the global economy, we have seen declines in some areas."

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  • January 6, 2009 |

    Nabarro seals high-profile Dechert partner hire

    Nabarro has sealed its first major lateral hire of the year, bringing in the head of Dechert's real estate and finance group, Ciaran Carvalho. Carvalho is expected to join Nabarro's London real estate practice later this month after more than 20 years with Dechert. He has held various management positions at the US firm and currently serves as a member of the London management board and as one of 13 partners on Dechert's global policy committee - the body responsible for strategy decisions at the firm.

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  • December 19, 2008 |

    2008: A year in review

    Legalweek.com covered all of the big stories of 2008. Here's a selection of some of the website's most-read stories of the year.

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  • December 4, 2008 |

    Dechert confirms UK cuts could affect 15 staff

    Dechert has announced that 15 jobs are under threat in the US firm's City office, as the firm enters the advanced stages of a redundancy consultation. Last month Legal Week revealed the firm was to begin a consultation with support staff, but the exact numbers of those affected were unclear.A spokesperson at the firm said: "We have now reached the management review stage of the process. While we cannot give a definite figure at this stage, we anticipate that no more than 15 individuals from our support teams will be affected, whether through voluntary or involuntary redundancies."News of the cuts comes after Dechert last month refuted claims that it had made a significant number of associate layoffs in the US.

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  • December 1, 2008 |

    ...Legal Week Lunchbox: 1/12/08...

    The five most popular articles on legalweek.com today; the pick of the day's posts; and more

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  • November 28, 2008 |

    Dechert set for redundancy consultation

    Dechert has become the latest firm to cut jobs, with the US firm reviewing the positions of a number of administrative staff in its London office. The firm declined to comment on the number of jobs under threat but up to 20% of administrative staff are understood to be involved in the redundancy consultation.When questioned about the jobs at risk Dechert's London managing partner, Steven Fogel, told Legal Week: "It in the nature of a jobs consultation that there should not be a preconceived idea about numbers. I do not know where the percentage you have mentioned comes from. It is not authoritative."

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  • November 28, 2008 |

    20 jobs under threat in TLT redundancy consultation

    Bristol-based firm TLT has launched its second redundancy consultation this year, in a move likely to effect up to 20 staff. The consultation, launched earlier this week (26 November) could see 20 fee earners and support staff across all departments cut form the firms Bristol and London offices.In May, the southwest firm launched a consultation with six fee-earning roles and one support staff position in the firm's licensing trade team affected, as well as four additional support staff. All of the cuts were made in the firm's Bristol office.

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  • November 6, 2008 |

    Lawyers predict top business litigation issues for President-Elect Obama

    Most lawyers don't keep a crystal ball in their office, but if pressed, some will take a crack at forecasting the future. We asked a selection of litigators…

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  • November 6, 2008 |

    Perks of legal life

    The rewards offered to lawyers extend beyond the financial into all sorts of gratis goodies. Legal Week Student takes a look at some of the more bizarre perks on offer

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