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Weil partner testifies in $2.4bn Refco fraud case
Weil Gotshal & Manges corporate partner Jay Tabor has pointed an accusing finger at Mayer Brown partner Joseph Collins and his firm for their role in the billion-dollar Refco scandal, reports the Am Law Daily. Collins has been charged by federal prose...
27 May 2009 | 13:40
Top US firms in driving seat on GM bankruptcy
A quartet of US firms are advising General Motors on what could be the biggest bankruptcy filing in US history, reports The Am Law Daily.Weil Gotshal & Manges business finance and restructuring partner Stephen Karotkin is heading the firm's team advis...
26 May 2009 | 14:45
Former Lovells Mid East chief joins Baker Botts
Baker Botts has hired former Lovells Middle East head Shibeer Ahmed in a boost for its Dubai project finance practice. Ahmed joined the US firm's Dubai office earlier this month - having left Lovells at the end of April. He had co-headed Lovells' Mid...
26 May 2009 | 14:43
CC New York corporate partner joins K&L Gates
Clifford Chance's (CC) US practice has lost its fifth partner this month, with the news that New York-based corporate partner David Bernstein has joined K&L Gates. The veteran corporate partner had no management responsibilities at the magic circle fi...
22 May 2009 | 13:40
Shearman takes lead on $1.2bn Novartis buyout
Shearman & Sterling has advised longtime client Novartis on its $1.2bn (£757m) acquisition of the generic cancer drug business of EBEWE Pharma, reports The Am Law Daily. Corporate partner Harald Selzner, who is based in Duesseldorf, led the firm's te...
22 May 2009 | 11:46
DLA scales back US pay cuts after staff protest
DLA Piper has amended associate pay cuts after an outcry from lawyers who thought a 20% reduction based on early billable hour reports were unfair, reports the National Law Journal. The firm is instead cutting all associate salaries by 10%.
21 May 2009 | 06:44
Houthoff Buruma and Loyens come out on top in Netherlands with increased 2008 revenue rises
Houthoff Buruma and Loyens & Loeff have emerged as the top legal performers in the Dutch legal market, with the firms reporting larger revenue increases in 2008 than their rivals. Houthoff, which is the fourth-largest law firm in the Netherlands by nu...
21 May 2009 | 05:10
Latham and MoFo score leads on Hong Kong aluminium IPO
Latham & Watkins and Morrison & Foerster have taken leading roles on a high-profile Asian initial public offering (IPO) as a run of major deals hit the region. The two firms are advising on the Hong Kong float of aluminium maker China Zhongwang. Latha...
21 May 2009 | 05:00
Milan banking team leaves Ashurst to help Pedersoli finance push
Ashurst has lost a four-lawyer banking team in Milan to Pedersoli, with Ashurst partner Maura Magioncalda set to head the banking practice at the independent firm. Magioncalda, who has left Ashurst after four years as a partner at the UK law firm, joi...
21 May 2009 | 04:55
German merger control: Loosening the grip
The long-awaited introduction of the second domestic turnover threshold for the application of German merger control came into force on 25 March, 2009. Accordingly, a number of mergers with only minor effects on the German market will no longer be sub...
21 May 2009 | 01:47
Skadden restructuring partner quits for Latham
Latham & Watkins has recruited a new head of restructuring with the hire of a partner from Skadden Arps Slate Meagher & Flom. Jan Baker's move to Latham comes on the heels of two other lateral departures from Skadden last week, with M&A partner duo Da...
20 May 2009 | 12:18
Maher quits Mayer Brown as firm elects two to board
Mayer Brown's former co-vice chair Paul Maher has formally resigned from the firm. The UK-based corporate partner handed in his resignation on Friday (15 May) after taking a three-week sabbatical to decide his future.Maher had sent an internal announc...
19 May 2009 | 11:50
Barlows names new Hong Kong and China chief
Barlow Lyde & Gilbert has appointed a new managing partner for Hong Kong and China. The top 50 UK firm has promoted litigation partner David Smyth to the role, replacing Camille Jojo, who has held the position since 1995. The news comes as Barlows und...
19 May 2009 | 11:48
CC, Cleary act on $7.3bn Bank of America sell-off
Clifford Chance (CC) and Cleary Gottlieb Steen & Hamilton have taken lead roles on Bank of America's $7.3bn (£4.7bn) sale of a 16% stake in China Construction Bank (CCB), reports The Am Law Daily. Under pressure from regulators to raise capital, many...
19 May 2009 | 11:13
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 (Â...
18 May 2009 | 10:06
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