The headline news for New York firm Dewey Ballantine was its much reported proposed and failed merger with West Coast firm Orrick
Herrington & Sutcliffe. The firm was hit with a spate of departures after the merger talks were announced, but the London office was largely spared in 2006, with the exits of capital markets partners Camille Absouleiman and Louise Roman Bernstein to LeBoeuf coming in January this year.
In 2006, while still at Dewey, Absouleiman advised on the largest-ever IPO in the Middle East for Telecom Egypt, the first-ever Dubai International Financial Exchange flotation and the subsequent largest IPO in the Middle East.
The London office also lost two partners to BLP early in the year, but won two new corporate finance lawyers, Joseph Marx and Stephen Jurgensen, from US rivals White & Case and Shearman respectively, who were promoted to partner upon their arrival.