This year’s Business Leadership Report is a ‘must-have’ for any provider that wants to know what its clients are really thinking when it comes to selling legal services. The report focuses on the growing range of alternative legal services and innovations provided by both traditional firms and new model law entrants. It quizzes clients on their attitudes towards these services, their uptake of them and pinpoints which are head and shoulders above the rest... Read more
The UK 200 Real Estate report analyses the key trends in terms of leading firms’ use of property. As a starting point the report will analyse the total cost of a firm’s real estate including rent, rates and service charge and the total amount of square footage they control.
Milbank Tweed Hadley & McCloy has seen off a challenge to its role as legal adviser to the creditors' committee in the Enron Corporation bankruptcy
The judge presiding over Enron's bankruptcy, Judge Arthur Gonzalez, dismissed a request by Enron creditor Exco Resources to prevent Milbank from handling the committee's case. Exco's lawyer John Nabors, a partner at Texas firm Gardere Wynne Sewell, argued that Milbank had been involved in some of Enron's controversial transactions. Exco is not on the 15-member official committee. Judge Gonzalez gave this line of argument short shrift, saying that the request was "untimely" given that it was filed months after Milbank was retained. Milbank disclosed all relevant details of its work for Enron at the outset and has instructed Squire Sanders & Dempsey to step in if a conflict arises. Milbank partner and co-chair of the financial restructuring group Luc Despins has maintained that the firm should continue to advise the committee and ultimately Judge Gonzalez agreed with the committee's opposition to Exco's motion. "The committee's choice should not be disturbed," he commented.