Cadwalader ramps up rebuild with Linklaters hire

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  • ...and if people think Linklaters will let him take a single client, think again. Unlike in Wilkinson's day on leaving CC, restructuring is much more established in firms. Links will guard its clients fiercely. Writing big cheques like this will not solve Cads problems.

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  • The latest in a long line of bad decisions by Cads. 3 years tops. Wrong decision for Ng too

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  • The real issue is that the world is different to the one Andrew Wilkinson prospered in.

    Restructurings are massively more complex and resource intensive than they were 5 to 10 years ago. They require significant scale in specialities like pensions, environmental etc and local law expertise in key jurisdictions. Cadwalader simply doesnt have these things.

    The era of the charismatic loner being able to scoop big deals all on his own are I think long gone. Cads will need to invest heavily (ie accept considerable dilution) if they are to make this succeed.

    If Mr Ng was just after the money then he should have followed Mark Glengarry and gone to a bank.

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  • Yushan is a brilliant Lawyer and unlike many other partners at Links, a decent human being. Make no mistake Links were desperate to keep him and made offers many a lesser partner would have accepted. A big blow for Links - pulling power deminished?

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  • Unless he ultimately left Links because he hated the enviroment, the lack of excitment of building a practice replaced by simply being a custodian of an existing one (which is ultimately why many great people leave the magic circle) and felt because of that he could not continue, this is single worst mistake this otherwise bright guy has ever made. I left the magic circle for the reasons above and I don't regret it, but life is much harder on the outside, scrapping for every client and fighting against the addition to brand that banks and the London market have. Cadwalader in London isn't going to be easy, just ask Angus...

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  • good luck boys..
    http://www.thelawyer.com/cadwalader-partners-launch-palace-coup-as-profit-crashes/135697.article

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  • ...not sure that with only 6 partners in their London office one could launch a palace coup these days.

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