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  • September 4, 2008 |

    McDermott makes lucky seventh City hire with former Taylor Wessing head

    McDermott Will & Emery has made its seventh partner hire of the year, bringing in the former managing partner of Taylor Wessing UK, Gary Moss. Moss, who is set to join the US firm towards the end of September, will head up the London intellectual property (IP) practice.

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  • September 3, 2008 |

    Reed Smith recruits shipping team in Paris

    Reed Smith has strengthened its Paris shipping practice with the hire of a team of lawyers. Luc Grellet joined the firm on Monday (1 September) as a partner from local outfit Bouloy Grellet & Godin, where he was a partner. He brings with him two associates.Grellet's practice focuses on international arbitration and product liability matters within the shipping industry.The hire is follows a number of moves within the US-based firm's shipping group since its merger with Richards Butler last year, with a raft of partners relocating to firm's Middle East and Asian offices.

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  • August 28, 2008 |

    Herbert Smith hires Citi banker to strengthen securitisation practice

    Herbert Smith has bolstered its securitisation practice with the hire of Citi investment banker Michael Poulton. Poulton is set to join the top 10 City firm as a partner on 15 September after a three-year stint at Citi, where he was a banker within the Europe, Middle East and Africa securitisation team.

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  • August 27, 2008 |

    Time to get ethical

    "The UK's legal profession is one of the finest in the world. The expertise, the professionalism, the dedication to delivering justice is unrivalled. But as venerable and well-respected as the legal profession is, we have to accept that the profession cannot be immune to change. The way solicitors and barristers do their job, the manner, the style, the environment has changed significantly over the last decade. And so we have to consider how best we can still give effect to the values which underpin the profession, but in a way which enables it to meet the demands of the markets in which the profession operates."This bold call to arms came from the Right Honourable Jack Straw MP, Lord Chancellor and Secretary of State for Justice speaking on legal services reform, diversity and legal aid at the launch of the Law Society's campaign on 'markets, justice and legal ethics' in March this year.

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  • August 18, 2008 |

    ...Legal Week Lunchbox: 18/08/08...

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

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  • August 15, 2008 |

    JPMorgan, Morgan Stanley settle securities probes

    JPMorgan Chase & Co and Morgan Stanley will spend more than $7bn (£3.8bn) buying buy back auction-rate securities in a settlement announced on Thursday by New York state attorney general Andrew Cuomo and Securities & Exchange Commission (SEC) enforcement division director Linda Thomsen, writes The American Lawyer. The deal ends investigations by the SEC and several states' attorney generals into false claims made by the two banks in marketing auction-rate securities. At issue was the banks' continuing effort to bill the securities as a safe investment even after the unravelling credit markets made them risky, less easily liquidated bets.

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  • August 7, 2008 |

    Gartmore hires Bear vet to head legal team

    Bear Stearns' former European legal chief Bill McGowan has joined independent fund manager Gartmore as its general counsel. McGowan, who joined Bear Stearns in 2005 from Lehman Brothers, where he was head of transactional management for Europe, started working at Gartmore earlier this summer

    1 minute read

  • August 7, 2008 |

    Virgin Media looks within for deputy GC

    Virgin Media has announced the internal appointment of Scott Dresser as deputy general counsel. Dresser joined the company as associate general counsel in May 2006 and, as part of his new role, will oversee Virgin Media's M&A activity

    1 minute read

  • July 31, 2008 |

    Compensation for America's top GCs - world-leading and still defying gravity

    Give Gary Lynch credit for making a dramatic entrance. The chief legal officer for New York-based Morgan Stanley debuted on Corporate Counsel's annual survey of general counsel compensation with a whopping $6.3m (£3.15m) bonus. That large pot of cash earned him the number two spot overall on our elite roster. A look at America's 100 top-paid general counsel in 2007, as measured by the 2008 general counsel (GC) compensation survey, shows that he's in good company. Simply put, the top legal officers at Fortune 500 companies raked it in. And that was true even for those heading the law departments at such financial institutions as Morgan Stanley, which are reeling after the collapse of the subprime mortgage market.

    1 minute read

  • July 31, 2008 |

    Top US GCs stretch pay gap on Euro counterparts as bonuses surge 17%

    The US's top general counsel are widening the pay gap between themselves and their European counterparts, according to new research that shows soaring bonuses and stock awards driving remuneration for chief legal officers at US bluechips.The results, which are part of Corporate Counsel magazine's annual general counsel (GC) compensation survey, show that the average basic wage for the 100 best-paid US GCs was just over $567,000 (£285,000) in 2007.

    1 minute read