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  • June 25, 2009 |

    A&O, Lovells and Eversheds secure adviser roles for major US company

    Schering-Plough has added five international firms to its roster of external legal advisers. Allen & Overy (A&O), Lovells, Eversheds, DLA Piper and Baker & McKenzie, have joined the pharmaceutical giant's legal panel.

    1 minute read

  • June 24, 2009 |

    Gloom begins to lift among US law firm leaders

    US law firm leaders feel the economy is stabilising and could even improve over the next six months, according to new research. The survey by consultants Hildebrandt International found that two-thirds of managing partners or chairmen at major US firms believe the economy is the same or better than six months ago.

    1 minute read

  • June 22, 2009 |

    Bakers recruits new finance chief with A&O hire

    Baker & McKenzie has appointed a new chief financial officer (CFO) with the hire of Mark Carter from Allen & Overy. Carter replaces Arthur Ferry, who is set to leave the firm in the coming months after two years in the role. Ferry's next move is not known.

    1 minute read

  • June 19, 2009 |

    Sidley Austin and Taylor Wessing take pole position in F1 dispute

    Sidley Austin and Taylor Wessing are among a raft of top firms in line to win advisory roles on the ongoing Formula One crisis. Eight F1 teams - the overwhelming majority of participants in the competition - are threatening to break away and set up their own series as a result of a dispute with the motorsport's governing body, Federation Internationale de l'Automobile (FIA), over budget capping for 2010.

    1 minute read

  • June 18, 2009 |

    Rio Tinto seals deal to outsource legal work to India

    Rio Tinto has entered into an agreement with outsourcing provider CPA Global to offshore legal work to a team of lawyers in India. Jersey-based CPA Global are providing a team of 12 Delhi-based lawyers to handle tasks such as contract review, drafting and legal research - in a move projected to reduce Rio Tinto's annual legal spend by 20%. The company estimates that the new India venture, which became operational on 1 May, will be seven times cheaper than its lawyers in London.

    1 minute read

  • June 17, 2009 |

    Skadden takes front seat on GM's Saab sell-off

    Skadden Arps Slate Meagher & Flom has advised Sweden's Koenigsegg on its acquisition of General Motors' loss-making brand Saab. The deal, which was backed by Norwegian and US investors, saw Skadden field a team including City corporate finance partner Pranav Trivedi.

    1 minute read

  • 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.

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  • 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