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  • June 10, 2009 |

    Weil GM bill set to surpass Lehman charges with 'more complex matter'

    Weil Gotshal & Manges looks set to earn more from the landmark bankruptcy of General Motors than it did from its mandate advising on the collapse of Lehman Brothers.

    1 minute read

  • June 5, 2009 |

    Bakers and Norton Rose land ING global roles

    Baker & McKenzie and Norton Rose have won places on ING's global legal roster after the Dutch financial group completed a review of its key advisers. The review - the group's first since 2003 - was kicked off earlier this year by general counsel Jan Willem Vink.

    1 minute read

  • May 29, 2009 |

    International firms win roles on GM restructuring

    The collapse of automotive giant General Motors has handed roles to at least 15 law firms so far in one of the largest restructurings to date.

    1 minute read

  • May 18, 2009 |

    DLA Piper cuts salaries for US-based associates

    DLA Piper is cutting salaries for its 550 US-based associates and moving compensation towards a merit-based system. The firm said in a memo that it will reduce first-year associate salaries in its major markets from $160,000 (£105,000) to $145,000 (£95,000). First-year salaries in second-tier cities, which stood at at $145,000, will drop to $130,000 (£85,000).For all other associates, cuts will be made on a case-by-case basis, depending on performance and class year. The cuts will become effective in June.

    1 minute read

  • May 14, 2009 |

    Bakers makes 70 City staff redundant as LLP accounts filed

    Baker & McKenzie has cut 70 staff in London following a six-week redundancy consultation. Twenty-one fee earners, 28 secretarial staff and a further 21 support staff in London have been affected by the consultation, which was first announced on 13 March. The final number is in keeping with the firm's initial statement about the restructuring, which said that between 60 and 85 jobs were at risk in the City.

    1 minute read

  • May 6, 2009 |

    Management: Greasing the training wheels

    In response to constrained budgets for 2009-10, most learning and development teams have focused on real and immediate needs and driving down costs. This has most commonly meant that career-critical training programmes have remained sacrosanct, attendances at external conferences require strong justification and the use of external training providers has been significantly curtailed.

    1 minute read

  • May 1, 2009 |

    Taylor Wessing seals alliance with Polish firm

    Taylor Wessing has sealed an alliance with seven-partner Polish law firm BSJP, it has been announced. The deal, which comes effect from today (1 May), formalises a five-year-old referral relationship into an exclusive alliance which has been touted as a precursor to a possible merger.Taylor Wessing and the Warsaw-based firm expect to collaborate on corporate, banking, real estate, infrastructure, intellectual property (IP) and technology work.BSJP has 20 fee earners and services clients including HSH Nordbank, windfarm developer Ventotech and real estate investors SachsenFonds.

    1 minute read

  • April 30, 2009 |

    Cuts sweep turbulent Moscow market as six international firms wield axe

    A raft of international firms have made redundancies in Moscow as the continued economic downturn in the region pushes both law firms and clients to slash costs. Allen & Overy (A&O), Simmons & Simmons, White & Case and Denton Wilde Sapte have followed Clifford Chance (CC) and Baker & McKenzie in making redundancies in Russia.

    1 minute read

  • April 20, 2009 |

    Dell kicks off review of UK legal advisers

    Dell has kicked off a review of its UK panel of law firms in an effort to streamline its current adviser roster.The multinational technology company has given all of its existing panel firms until 22 April to submit their tender documents. The company has previously worked with firms including Baker & McKenzie, Lewis Silkin and Clyde & Co.

    1 minute read

  • April 8, 2009 |

    Partners hint at better times ahead

    Business confidence at City law firms appears to have bottomed out, despite a record number of partners predicting falls in revenue over the next 12 months.The latest Legal Week Business Confidence survey found 7% of respondents expect increases of revenue of 10% or more over the next 12 months, marking a slight increase on the 5% making the same prediction in January - a record low for the quarterly survey since Legal Week started recording figures in 2001.

    1 minute read