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  • 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

  • March 18, 2010 |

    Shearman becomes latest firm to revamp pay for UK associates

    Shearman & Sterling is to ditch associate lockstep for all of its lawyers in the UK, Asia and the Middle East in favour of a merit-based pay system. The new system, which will be effective from 1 May, will see all associates assessed twice a year against a number of criteria including client relationships, legal and technical capabilities and interpersonal skills.

    1 minute read

  • March 17, 2010 | International Edition

    Pharmaceuticals: The game changer

    The pharmaceutical industry is facing uncertain times as a once-lucrative business model buckles under a globalising world economy. Charlotte Edmond reports on the companies and lawyers battling to secure all-important intellectual property in a rapidly changing market

    1 minute read

  • March 17, 2010 |

    White & Case City base posts 20% drop in revenues for 2009

    White & Case's London office has emerged as the worst performing City arm of a US law firm in 2009 - a year in which results varied significantly between firms. White & Case saw London revenues plunge by just under 20% to $197m (£130m) during the 2009 calendar year, with profits per equity partner (PEP) dropping by 11% to $1.32m (£872,000).

    1 minute read

  • March 17, 2010 |

    Pharmaceuticals: The game changer

    The pharmaceutical industry is facing uncertain times as a once-lucrative business model buckles under a globalising world economy. Charlotte Edmond reports on the companies and lawyers battling to secure all-important intellectual property in a rapidly changing market

    1 minute read

  • March 15, 2010 |

    Davis Polk posts 10% profits hike as elite NY trio unveil 2009 financials

    Davis Polk & Wardwell has posted a 10% increase in profits per equity partner (PEP) for 2009, marking the firm out as one of the strongest performers among New York's elite law firms, reports The Am Law Daily. The firm also saw revenues rise by 7%, which represents the highest percentage growth reported so far among New York firms.

    1 minute read