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  • May 19, 2010 |

    Citigroup names 'golden nine' line-up of UK firms in two-tier EMEA panel

    Citigroup has overhauled its external legal arrangements, creating two new panels of preferred law firms. The banking giant has unveiled new panels of advisers in the Europe, Middle East and Asia (EMEA) region and the US, formalising its previous roster of law firms.

    1 minute read

  • May 19, 2010 |

    Wall Street's legal elite stage recovery but fees fall at US top 100

    Wall Street's leading law firms have defied gloomy predictions to stage a notable comeback in 2009, emerging as the top performers among the US's 100 largest law firms. Financial results for 2009 from Legal Week's US sister title The American Lawyer show that the 13 New York firms with profits per equity partner (PEP) of more than $2m (£1.3m) overcame the toughest trading conditions for a generation to raise partner profitability by 3%.

    1 minute read

  • May 10, 2010 |

    Salans seals hire of Halliwells corporate recovery chief

    Salans has bolstered its restructuring team in the City with the hire of Halliwells corporate recovery head David Grant. Grant joined Salans' London office last month as a partner in the reorganisation, restructuring and insolvency (RRI) group after his January departure from Halliwells' London office, which left the national firm without a single equity partner in the City.

    1 minute read

  • April 12, 2010 |

    Departure of Stevens leaves big shoes to fill at US Supreme Court

    US Supreme Court Justice John Paul Stevens, a one-time centrist maverick who became a powerful leader of the Court's liberal wing, announced his retirement on Friday (9 May), just 11 days short of his 90th birthday. When Stevens departs at the end of the current term in late June or early July, he will have been one of the oldest and longest-serving justices in US history, appointed by President Gerald Ford in 1975, and the last justice with World War II service.

    1 minute read

  • April 9, 2010 |

    Mayer Brown cuts 75 US jobs in new round of layoffs

    Mayer Brown has laid off 28 associates and counsel and 47 members of staff from its US offices, reports The Am Law Daily. This is the firm's third round of job cuts in around 18 months. The firm let go of 33 associates and counsel in November 2008 and laid off 45 more lawyers last April. The announcement was contained in an internal memo, which states: "Although most of our practices are performing well, overall demand for legal services has not recovered fully, and in today's tight legal job market, voluntary lawyer departures have been significantly lower than our normal levels.

    1 minute read

  • March 26, 2010 |

    Mayer Brown, Camerons and Bakers at the table on £400m Camelot sale

    Mayer Brown and Baker & McKenzie have taken the lead roles on the sale of the National Lottery operator Camelot for just under £400m. The board of Camelot has agreed to sell the company to one of Canada's largest pension funds, Ontario Teachers' Pension Plan (OTTP), in favour of a rival bid from buyout giant CVC.

    1 minute read

  • March 23, 2010 |

    Hengeler ramps up business education for junior lawyers

    Leading German firm Hengeler Mueller has shaken up its associate training programme, as growing numbers of firms operating in the country look at amending their own training programmes for lawyers. Hengeler's formal link with Switzerland's University of St Gallen came into effect on 1 January, with associates to start the first modules with the university this month.

    1 minute read

  • March 17, 2010 |

    Court ruling could redefine role of in-house counsel

    The decision of the Court of Justice of the EU in the AM&S case in 1980 is arguably one of the most controversial EU competition law decisions the court has ever made. The court limited the benefit of legal professional privilege in EU competition investigations to communications between firms and external, EU-qualified, lawyers, giving the European Commission the power to order disclosure of communications between firms under investigation and their in-house and non-EU qualified lawyers.

    1 minute read

  • March 17, 2010 |

    White & Case City base posts 20% drop in revenues for 2009

    White & Case's London office has emerged as the worst performing City arm of a US law firm in 2009 - a year in which results varied significantly between firms. White & Case saw London revenues plunge by just under 20% to $197m (£130m) during the 2009 calendar year, with profits per equity partner (PEP) dropping by 11% to $1.32m (£872,000).

    1 minute read

  • March 12, 2010 |

    Mayer Brown partner quits to join Gibson Dunn's Brussels base

    US firm Gibson Dunn & Crutcher has recruited a Mayer Brown antitrust partner in Brussels. Andres Font Galarza, who started at Gibson Dunn today (12 March), is also a former senior official of the European Commission's directorate general for competition, a role he held for 13 years until he joined Mayer Brown's Brussels antitrust and competition practice in 2008.

    1 minute read