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  • September 1, 2009 |

    US Briefing: Talkin' revolution

    Jeffrey Carr is sick of talking about alternative fee arrangements. The general counsel for Houston-based FMC Technologies has been using alternative fee structures - arrangements with outside counsel that are not based on billable hours - for "well over a decade". But Carr (pictured right) says his efforts over the years to promote these billing models among his counterparts at other companies fell largely on deaf ears.

    1 minute read

  • August 25, 2009 |

    Weil Gotshal strengthens London base with hire of A&O tax partner

    Weil Gotshal & Manges has made its first lateral partner hire in the City this year, with the New York firm set to bring in Allen & Overy (A&O) tax partner Brenda Coleman. Coleman is expected to join Weil's London office on 21 September on a part-time basis after 11 years as a partner with the magic circle firm. Prior to her time with A&O she was a partner with Herbert Smith, having trained with Slaughter and May.

    1 minute read

  • August 21, 2009 |

    Weil Gotshal & Manges

    Mike Francies casts a long shadow over the New York giant's City arm.

    1 minute read

  • August 18, 2009 |

    Weil Gotshal set to pass $100m mark for Lehman bankruptcy fees

    Weil Gotshal & Manges is set to cross the $100m (£60.5m) mark in total billings on the Lehman Brothers bankruptcy after the firm filed its second application for legal fees and expenses. The second application covers the four-month period from 1 February to 31 May, and comes just days after the approval of Weil's initial request for $55m (£33.3m) in fees and expenses for the period of 15 September 2008 to January 2009.

    1 minute read

  • August 11, 2009 |

    Disgraced ex-UBS legal chief returns to former firm as partner

    Former UBS general counsel David Aufhauser, who resigned last year following allegations of involvement in the bank's alleged sale of auction-rate securities, has rejoined his former firm Williams & Connolly. Aufhauser - a former managing director of the Swiss bank and general counsel of the US Department of the Treasury - last October settled charges with New York attorney general Andrew Cuomo that he engaged in insider trading at UBS, agreeing to pay $6.5m (£3.9m).

    1 minute read

  • August 7, 2009 |

    Pupillage salaries at top sets rocket

    Several top commercial barristers' chambers are set to increase their pupillage salaries dramatically. Leading the way is One Essex Court, which will pay each of its four new recruits commencing pupillage in October 2010 a salary of £60,000 - a 33% increase on the £45,000 award that the set's pupils currently receive.

    1 minute read

  • August 6, 2009 |

    Editor's comment: Keep on moving

    Maurice Allen just can't stop hitting the headlines. After joining Freshfields Bruckhaus Deringer last year following stints at White & Case, Weil Gotshal & Manges and Clifford Chance, he had resigned himself to being a largish cog in the City giant's recently restructured banking machine. True, some thought Allen would chafe within the institutional confines of Freshfields - but that hardly looked a deal-breaker. Freshfields is as light on process and paperwork as you will get at a top-flight global firm. And while Allen's flamboyant personality may be hard to incorporate, Freshfields has previously proved more than willing to cut slack to big characters who deliver the goods.

    1 minute read

  • August 4, 2009 |

    Weil Gotshal and Bakers lead on €250m private equity sell-off

    Weil Gotshal & Manges and Baker & McKenzie have taken lead roles on the €250m (£212.2m) private equity disposal of two European food distribution companies. South African trading and distribution company Bidvest is to acquire the Czech Republic's Nowaco and Poland's Farutex from funds associated with JP Morgan, and managed by CCMP Capital Advisors, and from Bancroft Private Equity.

    1 minute read

  • August 4, 2009 |

    Commentary: City climate offers Weil a chance to shine in London

    Moments in the sun don't come round very often, especially in an English summer, but Weil Gotshal & Manges - partly through luck, partly through design - finds its London office currently basking in one of the few rays of light in the Square Mile. Logically, this is where the firm should have been two years ago, when the practice had been bolstered by senior hires, a run of high-profile mandates and a private equity and structured finance practice that looked perfect for the times.

    1 minute read

  • August 3, 2009 |

    High-profile banking duo Allen and Goetz to quit Freshfields

    Maurice Allen and Mike Goetz, the high-profile banking partners recruited last year from White & Case, are to quit Freshfields Bruckhaus Deringer less than 18 months after joining. An internal announcement was sent out today (3 August) notifying the firm of the move, which will see the pair leave Freshfields at the end of August.

    1 minute read