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  • August 27, 2008 |

    Dealmaker: Adam Levin

    Dechert's Adam Levin on his move from New Zealand to the City, his love of Virgin Radio and his son's valuable advice

    1 minute read

  • August 27, 2008 |

    Eyeing the door

    When Arnold & Porter's director of professional development, Caren Ulrich Stacy, started working in law firm recruiting in the mid-1990s, she says there was one question she could count on hearing from every incoming associate, be it a new law school recruit or a potential lateral hire: how long does it take to make partner here? Today, Ulrich Stacy says, it goes largely unasked. "I have maybe had that question once in the past five years," she says.Why doesn't anyone ask the partnership question any more? It's not the well-documented reluctance of big law firms to make new equity partners. In The American Lawyer's most recent mid-level associate survey, which polled 7,259 respondents from 180 firms, more than 70% of respondents said they are on their firm's partnership track, and only a few indicated they strongly view partnership as an impossibility.

    1 minute read

  • August 21, 2008 |

    Ashurst recruits Dechert Islamic finance head

    Ashurst has bolstered its securities team with the hire of Dechert's Islamic finance head Abradat Kamalpour. Kamalpour, who has been a partner at Dechert since 2006, will joins Ashurst's London office. Before joining Dechert, he was an associate at Norton Rose.Ashurst Dubai managing partner Nick Bryans said that Kamalpour had joined the top 10 firm to help to build up its Islamic finance practice.

    1 minute read

  • August 15, 2008 |

    Dechert set for Beijing debut after licence win

    Dechert has become the latest firm to win a licence to practise in Beijing. The Philadelphia-based firm revealed today (15 August) that its licence application to open an office in Beijing has been approved. The new office will mark the second in Asia for Dechert, after the firm opened in Hong Kong at the beginning of the year.

    1 minute read

  • August 6, 2008 | International Edition

    Commentary: Cadwalader's tough guy image to face a punishing test

    Cadwalader Wickersham & Taft does not have a reputation for being the cuddliest law firm in the world but, even by its standards, last week's announcement that it is to lay off 96 fee earners was uncompromising stuff. Combined with the 35 job losses announced in January, Cadwalader predicts it will have 580 lawyers in September 2008 compared with around 720 at the end of 2007 - a drop of almost 20%. The only obvious recent precedent for such drastic action at a major law firm is the series of savage cuts that were seen at some of California's tech-focused firms, which had ridden the dotcom wave only to suffer badly during the slump of 2002 and 2003.

    1 minute read

  • August 6, 2008 |

    Commentary: Cadwalader's tough guy image to face a punishing test

    Cadwalader Wickersham & Taft does not have a reputation for being the cuddliest law firm in the world but, even by its standards, last week's announcement that it is to lay off 96 fee earners was uncompromising stuff. Combined with the 35 job losses announced in January, Cadwalader predicts it will have 580 lawyers in September 2008 compared with around 720 at the end of 2007 - a drop of almost 20%. The only obvious recent precedent for such drastic action at a major law firm is the series of savage cuts that were seen at some of California's tech-focused firms, which had ridden the dotcom wave only to suffer badly during the slump of 2002 and 2003.

    1 minute read

  • July 30, 2008 |

    Cadwalader lays off 96 in new round of cuts

    Cadwalader Wickersham & Taft announced today it is laying off 96 lawyers in a second round of job cuts as the Wall Street firm continues to cope with the ongoing effects of the credit crunch.W Christopher White, the firm's chairman, says the cuts will be in its capital markets and global finance groups, which have been hit hard by the reduced appetite on Wall Street for commercial mortgage-backed securities. The cuts are on top of the 35 associates Cadwalader laid off in January, bringing the total to 131.

    1 minute read

  • July 24, 2008 | International Edition

    National firms unveil new NQ pay rates

    Pinsent Masons, Hammonds and Wragge & Co have become the latest regional outfits to unveil associate salary rates for the coming year, with differences between the firms' London and regional bases coming to the fore. Pinsents has raised its newly-qualified (NQ) rates in the City to £64,000, with a £1,000 increase on last year, equating to a 1.6% rise.

    1 minute read

  • July 24, 2008 |

    National firms unveil new NQ pay rates

    Pinsent Masons, Hammonds and Wragge & Co have become the latest regional outfits to unveil associate salary rates for the coming year, with differences between the firms' London and regional bases coming to the fore. Pinsents has raised its newly-qualified (NQ) rates in the City to £64,000, with a £1,000 increase on last year, equating to a 1.6% rise.

    1 minute read

  • July 23, 2008 |

    Respected ex-Tyco legal chief joins Dechert as senior counsel

    The former executive vice president and chief legal officer of Tyco International, William Lytton, has joined Dechert's New York office as senior counsel. He will advise corporations and their boards on corporate governance, corporate investigations and global legal services, while also pursuing other personal and non-law firm related activities.

    1 minute read