Latham & Watkins poaches seven A&O Hong Kong partners” />Allen & Overy (A&O) has lost a quarter of its Hong Kong office partners as seven corporate partners including its regional corporate head have defected to Latham & Watkins. The seven partners make up the majority of A&O’s corporate presence in Hong Kong and A&O fears […]
The Serious Fraud Office (SFO) is to appeal the High Court’s ruling that one of the Government’s longest and most expensive prosecutions should be dropped. SFO director Richard Alderman (pictured) today announced that he had authorised an appeal to the Court of Appeal in the alleged NHS fraud case against five drug companies, otherwise known […]
It’s alive! 10 October 2008A classic Mary Shelley moment today as the Law Society has discovered that the monster it created is alive and kicking. A classic Mary Shelley moment today as the Law Society has discovered that the monster it created is alive and kicking. Having set up the Solicitors Regulation Authority only three […]
As the days here get colder and shorter, are you worried that the bonus won’t quite stretch to a sojourn next to the azure waters of the Caribbean? Or that there won’t be a job left for you when you return? There is a solution. Lawyers are being offered the opportunity to go out to […]
The Solicitors Regulation Authority has attacked the Law Society for over-stepping its remit in launching a potentially dramatic review into the regulation of the legal profession. The Solicitors Regulation Authority (SRA) has attacked the Law Society for over-stepping its remit in launching a potentially dramatic review into the regulation of the legal profession. The Law […]
Over lunch yesterday at Bingham McCutchen’s midtown Manhattan office, the firm’s co-head of its financial restructuring group seemed proud – to say the least – of his firm’s efforts during the current meltdown. As a creditor practice, Bingham’s financial institution clients are calling on the firm’s lawyers to help resolve complex creditor issues relating to […]
EMW Law has made a further 17 members of staff redundant, bringing the total number of redundancies at the firm to 21. EMW makes further lay offs” class=”inline_image inline_image_left” src=”/pictures/web/images/14069_joy-vollans90.gif” />EMW Law has made a further 17 members of staff redundant across its corporate, commercial and property teams, bringing the total number of redundancies at […]
Where there’s a loser, there’s usually a winner. So far in credit crunch terms, most of the winners are hard to pinpoint. But in the aftermath of the collapse of Heller Ehrman, the most successful vultures are already making themselves known. Yesterday (9 October), Orrick Herrington & Sutcliffe became one of the biggest beneficiaries of […]
Sullivan & Cromwell and Davis Polk & Wardwell have secured roles on US insurance giant AIG’s additional $37.8bn funding. Sullivan & Cromwell chairman Rodgin Cohen is leading a team advising AIG, while Davis Polk & Wardwell partners Bradley Smith and Marshall Huebner are advising the US Treasury and the New York Federal Bank. The move […]
You have just been given the news that you are in the dreaded “redundancy consultation pool” – what should you do next? So you have just been given the news that you are in the dreaded “redundancy consultation pool” – what should you do next? In the immortal words of Sergeant Jones, the most important […]
The Law Society has commissioned a review which could see solicitors at large corporate firms fall under a separate regulatory regime from those on the high-street. The profession-wide review of solicitor’s regulation and will also specifically examine whether the existing Solicitors Regulation Authority (SRA) and Law Society regulatory structures are suitable for the risks associated […]
The Law Society has issued a practice note to clarify the position of firms that deposit client money in a bank that goes bust. The advice follows widespread fears that firms holding client money could be held liable and unprotected if client money was lost if a bank went under (as reported by TheLawyer.com, 7 […]