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  • September 24, 2008 |

    Heller's familiar fate

    They may not be quite as flaky as their banking counterparts, but news this week of Heller Ehrman's dissolution is a reminder that US law firms…

    1 minute read

  • September 24, 2008 |

    Is there a better balance in-house?

    Leaving behind private practice - and the holy grail of partnership - to join an in-house legal division has become an increasingly popular career option for assistants. The appeal of a move in-house is clear, with companies generally offering more favourable working hours and the chance to provide a greater variety of advice.We surveyed a host of top legal recruiters to gauge their opinion on which sectors present the best opportunities for prospective in-house lawyers and what companies are the best to work for.

    1 minute read

  • September 23, 2008 |

    US trio act on Morgan and Goldman transformations

    A trio of elite US firms have taken the lead roles on the transformation of Morgan Stanley and Goldman Sachs into bank holding companies, reports The American Lawyer. Cravath Swaine & Moore, Sullivan & Cromwell, and Wachtell Lipton Rosen & Katz. played key advisory roles on the groundbreaking deals, and the same three firms also advised Morgan Stanley and Japan's Mitsubishi UFJ Financial Group in a deal under which Mitsubishi, known as MUFG, will purchase up to 20% of Morgan Stanley's common stock. The bank holding deal is the most momentous in terms of Wall Street history. In return for access to deposits and the Federal Reserve's lending facilities, Morgan Stanley and Goldman will now be subject to the tight federal regulations that will hamstring their ability to take billion-dollar risks. The Federal Reserve can demand more public disclosure and limit the level of debt the banks can take on in relation to their capital reserves.

    1 minute read

  • September 23, 2008 |

    ...Legal Week Lunchbox: 23/09/08...

    The five most popular articles on legalweek.com today; the pick of the day's posts; and more

    1 minute read

  • September 22, 2008 |

    Bank in-housers seek law firms as safe port in Wall St storm

    Financial industry lawyers who in the past may have opted for in-house positions at a company like Bear Stearns for lifestyle and work environment benefits…

    1 minute read

  • September 18, 2008 |

    Dealmaker of the Week: S&C's Rodgin Cohen

    This week's crisis on Wall Street presented The Am Law Daily with the right moment to launch a new feature. And it meant that Sullivan & Cromwell chairman…

    1 minute read

  • September 17, 2008 |

    Lehman lawyers paid as hopes rise of UK deal

    Hopes are rising that some jobs in Lehman Brothers' 50-strong in-house legal team can be saved as some legal staff were today told that they would be paid until the end of the month. The move contradicts earlier expectations that the entire UK legal team would lose their jobs in the wake of the bank's shock insolvency and comes as Barclays today (17 September) sealed a £1bn deal to acquire a sizeable chunk of Lehman's investment bank and capital markets business on Wall Street.The Barclays deal has raised expectations that the bank would be interested in taking on some of Lehman's UK business, including its legal team. As revealed on Tuesday (16 September) by legalweek.com, Clifford Chance is advising Barclays on the deal.

    1 minute read

  • September 16, 2008 |

    After Lehman: from apocalypse to merger mania in three easy steps

    It’s a cliche to say that intense activity in business, even to the extent of outright turmoil, is good for commercial lawyers. But this week’s…

    1 minute read

  • September 16, 2008 | International Edition

    Slaughters to launch in Beijing with best friends

    Slaughter and May is set to open an office in Beijing with two of its European best friend firms. The magic circle firm is planning to open the office by mid-2009 with Dutch ally De Brauw Blackstone Westbroek and Spain's Uria Menendez set to share the space. The office will be Slaughters' second in Asia, as it already has a longstanding base in Hong Kong.

    1 minute read

  • September 16, 2008 |

    Slaughters to launch in Beijing with best friends

    Slaughter and May is set to open an office in Beijing with two of its European best friend firms. The magic circle firm is planning to open the office by mid-2009 with Dutch ally De Brauw Blackstone Westbroek and Spain's Uria Menendez set to share the space. The office will be Slaughters' second in Asia, as it already has a longstanding base in Hong Kong.

    1 minute read