Filter This View

  • May 19, 2010 |

    The Am Law 100: Holy non-equity partners!

    Last year, as law firms struggled with the brutal realities of the recession, many managing partners took the tried-and-true approach to cutting costs - layoffs. For The Am Law 100, the hardest hit were the junior associates - as equity partners merely saw their numbers flatten out. Next in line, theoretically, should have been the non-equity partners. This vulnerable group includes fresh lateral recruits; young lawyers caught in the limbo between senior associate and equity partner; equity partners who have lost their equity status - the dreaded de-equitisation; senior equity partners eyeing retirement; and service partners with a slim (or non-existent) book of business.

    1 minute read

  • May 18, 2010 |

    SJ Berwin partner joins Milbank to launch European antitrust practice

    Milbank Tweed Hadley & McCloy has launched a European antitrust practice with the hire of SJ Berwin's head of EU and competition in Germany. Alexander Rinne is set to leave SJ Berwin in the coming weeks to set up and head the antitrust practice in Milbank's Munich office. He will be followed by associates Andreas Boos and Tatjana Muehlbach.

    1 minute read

  • May 13, 2010 |

    Harbour puts together £60m litigation fund

    Harbour Litigation Funding has raised a fund of £60m to invest in UK commercial litigation cases. The fund - which has been raised from investors including family offices, private wealth managers and high-net worth individuals - will go towards a minimum of 25 cases with a claim value of at least £3m.

    1 minute read

  • May 12, 2010 |

    Ken Clarke named as surprise justice secretary in new Government

    Kenneth Clarke has been appointed Lord Chancellor and Secretary of State for Justice as incoming prime minister David Cameron forms his first cabinet. Details are emerging of the Conservative-Liberal Democrat coalition Government, with key cabinet posts confirmed so far including Clarke as the UK's new Justice Secretary, replacing the outgoing Labour minister Jack Straw.

    1 minute read

  • April 22, 2010 |

    Milbank recruits Shearman Lat-Am chief to head up new Sao Paulo outpost

    Milbank Tweed Hadley & McCloy has become the latest US firm to set up shop in Brazil, hoping to secure a foothold in the country's booming economy, reports The Am Law Daily. The New York firm's new Sao Paulo office will be led by Andrew Janszky, the former head of Shearman & Sterling's local operations.

    1 minute read

  • April 14, 2010 |

    US Briefing: Road trip

    At around 3pm on 6 October 2009, roughly 100 lawyers and executives filed into a conference room in Skadden Arps Slate Meagher & Flom's Manhattan office. It had taken three years, 11 months and 29 days to get to this moment: Delphi was emerging from the depths of bankruptcy and passing into the hands of its former parent, General Motors Company (GM), as well as two lenders. There was a palpable sense of exhaustion in the room; the close had been convened seven hours earlier. The Veuve Clicquot, selected by Delphi lead lawyer John 'Jack' Butler Jr but poured prematurely, was flat.

    1 minute read

  • April 12, 2010 |

    Shepherd and Wedderburn names new chair

    Shepherd and Wedderburn has elected corporate head James Will as the firm's new chairman, replacing personal injury partner Hugh Donald. Donald, who retired as a partner on 31 March 2010, has taken up a role as a consultant at the firm.

    1 minute read

  • April 8, 2010 |

    Freshfields, Sullivan take the wheel on Daimler-Nissan-Renault tie-up

    Freshfields Bruckhaus Deringer and Sullivan & Cromwell have advised on a joint venture between Daimler, Nissan and Renault that will see the automakers team up to develop a new wave of energy-efficient cars. The agreement will see the German, Japanese and French car manufacturers take stakes in each other to share technologies and build smaller, electric-powered vehicles.

    1 minute read

  • March 26, 2010 |

    Shearman spin-off launches in Frankfurt with Skadden hires

    Skadden Arps Slate Meagher & Flom has lost its Frankfurt tax team to German firm Schilling Zutt & Anschutz, which is set to launch in the city. Skadden tax partner Hans-Georg Berg, counsel Rolf Schmich, and associate Bjoern Enders are to join the firm on 1 April.

    1 minute read

  • March 26, 2010 |

    Indian law group names City leaders in call for action against foreign firms

    A group of Indian lawyers are seeking government action against 31 foreign law firms and a legal process outsourcing (LPO) company for illegally practising law "out of five-star hotels and business centres", reports The Am Law Daily. A petition for a writ compelling the Indian Government to act against foreign lawyers was filed in the Madras High Court on behalf of a group called the Association of Indian Lawyers.

    1 minute read