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  • November 6, 2007 |

    CC lays off NY six in structured finance

    In one of the first clear signs that slumping credit markets are causing economic pain at law firms, Clifford Chance (CC) laid off six structured finance associates on Monday (5 November), writes the New York Law Journal. John Christian, the partner in charge of the magic circle firm's US personnel committee, said the firm had made a difficult "business decision" to lay off the six associates in a practice group that worked exclusively for credit rating agency Standard & Poor's (S&P). The lawyers in the group had reviewed the documentation S&P used to rate mortgage-backed securities, the market for which has collapsed in recent months.

    1 minute read

  • November 1, 2007 |

    Bar Talk: Sidley's seven-year itch

    On April 5, 2000, Sidley Austin executive committee chair Thomas Cole sent a letter to partners and clients unveiling a new business plan designed to "improve…

    1 minute read

  • October 30, 2007 |

    A&O keeps top spot in latest debt rankings

    Allen & Overy (A&O) has retained its top spot in the latest quarterly international debt capital markets rankings, having advised deal managers on 545 deals worth a combined $280.3bn (£135.8bn) - representing an 8% market share since the beginning of the year. Linklaters held on to second place in the table, acting on 415 deals worth $221.6bn (£107bn), according to research by Thomson Financial.

    1 minute read

  • October 24, 2007 |

    Firms back New York Bar's call to end fixed retirement policies

    A raft of US law firms including Dewey & LeBoeuf and Cadwalader Wickersham & Taft have signed up to a campaign to end mandatory retirement policies, as US firms gear up to tackle age discrimination issues.

    1 minute read

  • October 19, 2007 |

    A legal education

    BPP Law School has held off competition from rivals including the College of Law to retain its trophy client - the City Legal Practice Course (LPC) consortium.

    1 minute read

  • October 15, 2007 |

    ...Legal Week Lunchbox: 15/10/07...

    The five most popular articles on legalweek.com today; plus the pick of the day's posts and LawSoc president Andrew Holroyd is back with Legal Village

    1 minute read

  • October 12, 2007 |

    Sidley next to gain from Northern Rock's hard place

    Sidley Austin has joined a clutch of major firms to have landed roles on the high-profile Northern Rock saga, with the US giant advising on the beleaguered lender's securitisation portfolios. City-based London securitisation partner Robert Torch is leading the team for Sidley, which has advised Northern Rock on the majority of its major securitisations, including the £20bn Granite Master Trust in 2005.

    1 minute read

  • October 12, 2007 |

    ...Legal Week Lunchbox: Weekend Special 12/10/07...

    The five most popular articles on legalweek.com today; plus the pick of the day's posts and a Friday-sized chunk of legalistic fun

    1 minute read

  • October 11, 2007 |

    Freshfields and Sidley get closure but age timebomb ticks on

    Two recent cases on either side of the Atlantic point to one of the most crucial issues currently facing commercial law firms. Namely, how to cope with…

    1 minute read

  • October 10, 2007 |

    Record payout in Sidley case heats up retirement debate

    The ethics of US law firms forcing partners to retire are set to come under intense scrutiny after Sidley Austin last week agreed to fork out $27.5m (£13.1m) to settle the largest ever age discrimination case against a law firm.

    1 minute read