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  • April 23, 2008 |

    Corporate Counsel: Soft landings

    It is Wednesday afternoon and Paul McNulty is searching for his taxi outside Dulles International Airport. The former deputy attorney general and current Baker & McKenzie partner is just back from an overnighter in Houston, where he spoke to a group of 25 general counsel.His topic? How to handle federal investigations, of course. After all, McNulty did write the memo that governs federal prosecutions of corporations. While general counsel might not like the spectre raised by the McNulty Memorandum, if they have to comply, who better to consult than its author?

    1 minute read

  • April 23, 2008 |

    Suckers for punishment

    It's obviously the season for gruelling/unnecessary feats/stunts of daring/foolhardiness (delete as appropriate), with LW Towers this week swamped by missives from lawyers about their exercise-based exploits.Earlier this year The Diary revealed how a team of tough-nuts from Jones Day were running the Paris and London marathons in successive weekends - and cycling the 300 miles between them to boot. Well, they did it, and you can contribute to the £100,000 they hope to raise for Cancer Research UK via the Daily Diary blog on legalweek.com.

    1 minute read

  • April 22, 2008 |

    Jones Day joins NY elite on $7bn fundraising

    Jones Day has bagged a role alongside a clutch of leading New York firms on a $7bn (£3.5m) fundraising by US lender National City. Sullivan & Cromwell advised Cleveland-based National City alongside Jones Day, while Simpson Thacher & Bartlett advised Corsair Capital, the largest single investor. Cleary Gottlieb Steen & Hamilton also landed a role advising Axon, another of the investors.

    1 minute read

  • April 22, 2008 |

    ...Legal Week Lunchbox: 22/04/08...

    The five most popular articles on legalweek.com today; plus the pick of the day's posts; Alex Novarese on A&O RIM bill; and more

    1 minute read

  • April 16, 2008 |

    Duck the downturn

    Legal Week's career clinic recently received an anxious message from a newly-qualified corporate associate at a US firm. No doubt having heard stories of the gruelling hours put in at such firms, the associate expressed surprise - and concern - that they were not exactly run off their feet. "I am concerned that the lack of work coming into the department will mean that heads will start to roll and I may be picking up my P45 sooner or later."

    1 minute read

  • April 16, 2008 |

    Making the cut

    to Dan Grundy, an associate at Latham & Watkins' London office, they are even trickier to secure than training contracts themselves. "Do not rank firms for these schemes - it is really competitive, so put in plenty of applications and take whatever you get," says Grundy.

    1 minute read

  • April 14, 2008 |

    Top law schools tighten hold on US elite

    The US' top law schools have tightened their hold on jobs at the country's largest law firms, according to new research by the National Law Journal. Fifty-five percent of 2007 law graduates from the 20 top-ranked law schools took jobs with firms in the NLJ 250 - up from 51.6% in 2006.

    1 minute read

  • April 11, 2008 |

    Orrick, Dorsey named in new Brobeck profits suit

    The trustee in the bankruptcy case of defunct US law firm Brobeck Phleger & Harrison is suing 10 former partners and the two firms they joined for work they took with them after Brobeck dissolved, writes The Recorder. Orrick Herrington & Sutcliffe and four partners at the firm are the defendants in one suit, with Dorsey & Whitney and six of its partners named in the other.

    1 minute read

  • April 10, 2008 |

    Morgan Cole wins sole contract as first adviser to Welsh legislative body

    Welsh heavyweight Morgan Cole has become the first law firm to be appointed to advise the Welsh legislature. The firm was awarded the sole contract by the National Assembly for Wales Commission after a competitive tender process, with the appointment set to last for four years.

    1 minute read

  • April 10, 2008 |

    Big-ticket mining bids drive McCarthy to top spot in Q1 global M&A rankings

    McCarthy Tetrault has topped the value table for global M&A deals for the first quarter of 2008, knocking Sullivan & Cromwell and Linklaters into second and third place respectively. Mergermarket's global rankings for Q1 show the Canadian firm advised on 17 deals over the period with a value of $319.2bn (£160.4bn) including roles on the two largest deals of the quarter - BHP Billiton's $211bn (£105.7bn) bid for Rio Tinto and Altria's $106.9bn (£53.7bn) bid for Philip Morris. The Canadian firm also topped the value list for Q1 in 2007 but ended the year ranked 20th, with Sullivan heading the tables.

    1 minute read