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  • June 30, 2008 |

    Davis Polk adds six to global partnership

    Davis Polk & Wardwell has promoted six lawyers to its global partnership, with one promotion coming in the City. Jeffrey O'Brien, a corporate lawyer based in the London arm of the elite Manhattan firm has been made partner at the US top 30 firm. He specialises in M&A and capital markets and has been with the firm since 2000.

    1 minute read

  • June 18, 2008 |

    French firm taps Davis Polk for partner hire

    French firm Wilinski Scotto & Associes has bolstered its partnership with the hire of Jean Francois Louit from Davis Polk & Wardwell. Louit, who was an associate with Davis Polk's Paris arm, started his career with Freshfields Bruckhaus Deringer. He advises on public and private M&A as well as equity capital market transactions. The firm's M&A team currently numbers five partners and 11 associates.

    1 minute read

  • June 13, 2008 |

    US Briefing: Milberg 'to pay $75m to end charges'

    Milberg could agree to pay $75m as soon as this week as part of an agreement to resolve criminal charges against the New York firm in the US Government's kickback case, according to a source familiar with the situation. Federal prosecutors have alleged that Milberg and seven of its partners conspired to obtain $251m in attorney fees by paying kickbacks to lead plaintiffs in shareholder and class action lawsuits.

    1 minute read

  • June 11, 2008 |

    The Am Law 100: The sky's the limit

    In 2015 - the year that New York Yankees superstar Alex Rodriguez will surpass 762 home runs and break the Major League record - Latham & Watkins and Skadden Arps Slate Meagher & Flom will both gross more than $5bn (£2.56bn), Baker & McKenzie will have more than 6,600 lawyers and the lucky partners at Wachtell Lipton Rosen & Katz will bring home about $7.7m (£3.95m) each - a handsome sum, but one that will itself be dwarfed by the $15.7m (£8.05m) Wachtell partners will average in 2025. Or maybe not.

    1 minute read

  • June 9, 2008 |

    ...Legal Week Lunchbox: 9/06/08...

    The five most popular articles on legalweek.com today; plus the pick of the day's posts; a new Career Clinic dilemma; and more

    1 minute read

  • June 6, 2008 |

    Latham lands Davis Polk derivatives partner

    Latham & Watkins has boosted its US derivatives practice with a rare partner hire from elite Manhattan firm Davis Polk & Wardwell. Witold Balaban joined Latham's New York arm yesterday (5 June) as a partner. His derivative practice focuses on highly structured and equity-based transactions.

    1 minute read

  • June 6, 2008 |

    US Briefing: Making history with Obama

    As an avid student of modern US history, Covington & Burling partner Eric Holder Jr is well aware that he has been a groundbreaker. He was the first black US Attorney for the District of Columbia and later the first black deputy attorney general. Now some are wondering whether Holder - the campaign co-chair for Barack Obama and an individual with an acute sense of his duty to serve - could become the first African-American attorney general.

    1 minute read

  • May 29, 2008 |

    Global 100 countdown: CC outstrips Skadden by half a billion

    Clifford Chance (CC), the world’s largest law firm barring a market-shattering performance from Linklaters, announced its revenues for the last financial…

    1 minute read

  • May 21, 2008 |

    The Treasury Department's false alarm sounds

    Who says lawyers aren't an excitable bunch? On Friday, 29 March, the US Department of the Treasury released a 22-page summary of a radical plan to revolutionise a wide swathe of financial markets. Lawyers sprang into action. Many spent the weekend dissecting the summary and answering calls from panicked clients. Of course, the promise of sweet, sweet billables made the loss of Saturday and Sunday a little more palatable. The following Monday, Treasury Secretary Henry Paulson held a press conference to announce the new plan, which covered everything from hedge funds to home mortgages. Lawyers felt an earthquake coming. Sweeping new regulations would mean one practice area would boom, another would die. There would be new laws to learn and new deals to make.

    1 minute read

  • May 8, 2008 |

    Kirkland, King & Spalding net $14bn wi-fi JV

    Kirkland & Ellis and King & Spalding have bagged lead roles advising on a $14.5bn (£7.3bn) joint venture between ailing telecoms giant Sprint Nextel and Clearwire Corporation to create a high-speed wireless network dubbed WiMax, writes The American Lawyer. Under the terms of the deal, Clearwire - which was founded by cell phone and wireless pioneer Craig McCaw in 2003 - will combine its wireless broadband network with that of Kansas-based Sprint Nextel. The long-term aim is to create a national network that can be accessed from laptops and mobile phones.

    1 minute read