JPMorgan axes Links from panel after litigation row

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  • Bank bullies

    Is there anyone out there brave enough to sue banks?

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  • Quinn Emanuel are here

    We are. see www.quinnemanuel.com

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  • Hmmmmmmm.....

    Is it just me or must there be more to this story than meets the eye? A firm like Linklaters doesn't make a stand like this out of principle. The effects on the bottom line are too great. I find it very hard to believe "Cheyne took a stand" that is going to cost his firm millions. There is something fishy going on here....

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  • Hats Off

    Hats off to Mr. Cheyne for taking this stand. Though Linklaters may have lost a lot of revenue because of their decision but there is something to be said about integrity and taking a stand for the right reasons.

    A client cannot be dropped just because of monetary reasons and external pressure. Once the client has been accepted, it is the duty of the law firms/ lawyers to do their best for the client irrespective of how much money the client is paying.

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  • Independence

    Naturally not. Lawyers have lost their independence a long time ago. But at least they're well paid for it.

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  • Reading between the lines

    Links would have known what they were doing when they took on the case. Reading between the lines, the Barclays case was presumably worth enough money that sacrificing what little relationship they had with Bear was a price Links were willing to pay ..... Then when JP Morgan "bought" Bear, the price suddenly went up - but by that point US bar rules make it too late to turn back the clock, even though Links would now love to do so. It's all in the timing.....





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  • One obvious winner

    Links come up smelling of roses and JPM look like bullies.

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  • "Client relationship management"

    This is a real poke in the eye for those within law firms who bang on about their "relationship management". JP Morgan clearly regard Linklaters as being wholly expendable. What sort of a relationship is that? A one way street kind of a relationship, by the looks of things.

    Law firms really do need to get wise to the fact that greed machines like JP Morgan have no real interest or belief in relationships. They just believe in money. No number of free secondees, lecture programmes, tickets for Wimbledon etc makes any real difference when the chips are down. Clients like this would sell their own grandmothers to make a buck. A salutary lesson.

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  • Conflicts

    If there's more bank-on-bank litigation then people are going to have to have a different approach to commercial conflicts.

    The question is whether clients will say they'd rather have you on the other side as they know you or whether they take the JPMorgan approach, in which case life gets a lot more interesting!

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