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  • May 16, 2012 |

    Lawyers on much-touted Facebook float set to share fees of $2.6m

    Lawyers on Facebook's looming float are set to share a $2.6m (£1.6m) fee from advising on the hotly anticipated public offering, writes the Am Law Daily. The social media giant specified the $2.6m in legal fees and expenses related to its initial public offering (IPO), according to a regulatory filing on Tuesday (15 May). The fees are a rough estimation and not a precise gauge of invoices related to the myriad legal costs in bringing a company public.

    1 minute read

  • May 10, 2012 |

    Administration likely as insolvency talks continue at Dewey

    Dewey & LeBoeuf's City arm was expected to file for administration imminently as Legal Week went to press, with the likely confirmation of the collapse coming against a backdrop of dozens of partner departures from the US firm's international network over the last week. Dewey's UK limited liability partnership (LLP), which includes the Paris office, has been in talks with insolvency practitioners at BDO since early last week and is now expected to file for administration, rather than go ahead with an orderly wind-down of the business.

    1 minute read

  • May 10, 2012 |

    Orrick takes corporate finance team from Dewey in London and Moscow

    Orrick Herrington & Sutcliffe has hired a group of London and Moscow-based corporate finance lawyers from embattled US firm Dewey & LeBoeuf, including Moscow partner duo Leo Batalov and Dmitry Gubarev. Batalov and Gubarev are joining Orrick's Moscow office alongside a team of associates. The group focuses on corporate finance transactions, M&A, securities law and general corporate work.

    1 minute read

  • May 8, 2012 |

    Weil hires Dewey West Coast corporate team as Italy prepares to spin off

    Weil Gotshal & Manges has hired a highly-regarded five partner corporate team from Dewey & LeBoeuf's Silicon Valley office led by partner Richard Climan. The sought after team, which also held talks with firms including Greenberg Traurig and Reed Smith, includes Silicon Valley-based corporate partners Keith Flaum, Jane Ross, Jim Griffin and John Brockland.

    1 minute read

  • May 8, 2012 |

    Dewey puts staff on notice for termination as banks move to secure interest

    Embattled US giant Dewey & LeBoeuf has sent out official notices warning staff in the US that they are risk of mass layoff, writes The AmLaw Daily. Dewey's recently instated executive partner, Stephen Horvath, sent a notice to all US personnel at close of business hours on Friday (4 May) alerting them that "it is possible that adverse developments could ultimately result in the closure of the firm," according to a copy of the memo obtained by The Am Law Daily.

    1 minute read

  • May 4, 2012 |

    Herbert Smith corporate insurance duo quits for Ashurst

    Herbert Smith corporate insurance partners Adam Levitt and Hammad Akhtar have quit to join City rival Ashurst. Levitt and Akhtar handed in their notice last month, leaving Herbert Smith with one corporate insurance partner in London, Geoffrey Maddock.

    1 minute read

  • May 4, 2012 |

    Morgan Lewis to hire Dewey Moscow and Almaty offices and three more partners in City

    Dewey & LeBoeuf is set to see further departures from its European network, with its Moscow office defecting to Morgan Lewis & Bockius, which is also set to hire an additional three partners in London. Meanwhile a German corporate finance team is leaving to launch a Frankfurt office for McDermott Will & Emery. The Moscow team, which is understood to include the entire eight partner office, will launch a Russia base for Morgan Lewis.

    1 minute read

  • May 3, 2012 |

    Escaping groundhog law - can Simmons break the cycle of disappointment?

    As its key rivals bet on aggressive global expansion, Simmons is continuing its efforts to be a top-tier player under its own steam. Sofia Lind asks if the firm has the drive and ambition to avoid being the City's perennial also-ran

    1 minute read

  • May 3, 2012 |

    Dewey on the brink as City crisis committee turns to BDO

    The fate of embattled Dewey & LeBoeuf's City arm looked sealed this week as a newly-appointed London crisis management committee began assessing options for an orderly wind-down of the business.

    1 minute read

  • May 3, 2012 |

    Dewey London head quits firm as US M&A star heads for White & Case

    Dewey & LeBoeuf's London managing partner Peter Sharp has agreed a deal to take a team of City litigation partners to Morgan Lewis & Bockius, while US corporate heavyweight Morton Pierce is joining White & Case along with seven other partners. Sharp, who resigned from Dewey this morning, will be joined at Morgan Lewis's City base by fellow London litigation partners David Waldron - who co-chairs both the firm's litigation group outside of the US and the energy litigation practice group - and Nick Greenwood.

    1 minute read