The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Goldman Sachs chief executive Lloyd Blankfein has instructed Steptoe & Johnson’s white-collar defence team as pressure mounts over allegations that the bank misled clients before the financial crisis hit.
The claims relate to the way the investment bank sold sub-prime mortgage securities in the run-up to the credit crunch.
There are also allegations that it misled Congress in the aftermath by denying to the Senate permanent subcommittee that it has deliberately benefited from the property slump by betting that mortgage values would drop and continuing to sell mortgages to other banks. Goldman insists it gave truthful evidence.
The subcommittee referred evidence relating to the bank’s conduct to the US justice department in the spring.
Blankfein has instructed Washington partner Reid Weingarten, who has previously acted for Enron accounting officer Richard Causey.
In a statement, Goldman said: “As is common in such situations, Mr Blankfein and other individuals who were expected to be interviewed in connection with the justice department’s inquiry into certain matters raised in the PSI report, hired counsel at the outset.”
The statement implied that Blankfein had hired Steptoe & Johnson months ago when federal prosecutors kicked off their review.