General Motors has turned to Weil Gotshal & Manges and Dewey & LeBoeuf for advice on potentially filing for Chapter 11 bankruptcy protection. Weil Gotshal veteran and restructuring star Harvey Miller and partner Stephen Karotkin are leading the team, while former Weil restructuring co-head Martin Bienenstock is leading the Dewey team advising on the deal. […]
Staff at Doncaster-based Beresfords Solicitors, which saw name partner Jim Beresford struck off yesterday, is considering launching Britain’s first ‘legal services supermarket’. Staff at Doncaster-based firm Beresfords Solicitors, which saw name partner Jim Beresford struck off yesterday (see story), is considering launching Britain’s first ‘legal services supermarket’. The ‘supermarket’ comprises a web portal called mysolicitor.com, […]
Watson Burton in redundancy consultation with 14″ />Newcastle-headquartered Watson Burton is the latest firm to moot job losses, launching redundancy consultations with up to 14 staff. The jobs of eight fee-earners and six support staff are at risk in the non-contentious corporate, wealth management private client and property teams. It is understood no partners will […]
Proposals to allow more representative bodies to bring class actions on an opt-out basis have been put forward to the government today. The Civil Justice Council (CJC), the body responsible for advising the Lord Chancellor on the modernisation of the law, called for reform of the group litigation model to remove barriers to access to […]
Slaughter and May’s best friend firm in Italy, Bonelli Erede Pappalardo, has suffered a rare partner walkout, with leading structured finance partner Alberto Del Din joining Paul Hastings Janofsky & Walker in Milan. Del Din will join Paul Hastings along with Bonelli London structured finance partner Lorenza Talpo and Alessandro Stoppa, an in-house lawyer at […]
Addleshaw Goddard is aiming to bring down headcount by around 90 over the coming year. At the end of last financial year the firm had 1,425 members of staff. It has already gone some way to meeting that objective by slashing 16 jobs this summer, the biggest single number since 2005 (TheLawyer.com, 13 October 2008). […]
Beresfords Solicitors partners Jim Beresford and Douglas Smith have been struck off after all but three of the 11 allegations of professional misconduct against them have been upheld by the Solicitors Disciplinary Tribunal. The hearing against Beresford and Smith, who have become multi-millionaires through work on sick miners compensation claims, arose from their alleged conduct […]
Taylor Wessing’s real estate partner Christine Flion has been elected as the firm’s new Brussels managing partner. She succeeds partner Marc Picat in the role, who will continue as head of the commercial and competition practice in Brussels. The Brussels office of Taylor Wessing currently has four partners and six associates. Flion said she intended […]
The London Borough of Lambeth has begun a panel review to service its new-look legal function. Because the council has significantly increased the size of its legal team during the past year, from 40 to around 65 lawyers, the winning firms are likely to receive fewer instructions under the new contracts. A council spokesman said: […]
CMS Cameron McKenna has made nearly £4m from the tumbling value of the pound over the last year and a half, The Lawyer can reveal. According to financial statements for 2007-08, the firm made £2.8m in foreign exchange gains thanks to revenue from its European offices. The increasing strength of the euro, and other Eastern […]
Wragges lays off 24 in wake of soaring staff costs” />Wragge & Co’s staff costs surged by £4.8m in the 2007-08 financial year after a top-of-market pay review saw salaries increase across the firm. According to the firm’s LLP results, total staff costs increased from £39.6m in 2006-07 to £44.4m in 2007-08, with wages and […]
Rosenblatt Solicitors has launched a 15-lawyer restructuring and recovery group in response to the economic crisis. Funds and financial services partner Nigel Frudd is leading the initiative, which will see litigation partners Anthony Field and Tania MacLeod rebadged along with corporate partner Wayne O’Neill and employment partner Andrea London. Frudd said: “It really is a […]