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.
US firm Morgan Lewis & Bockius has raided Minneapolis-based Faegre & Benson for two structured finance partners, including its co-head of asset securitisation.
Michael Macaluso and Douglas Rutherford join as finance partners in the Chicago and New York offices, respectively, of national player Morgan Lewis, where average partner profits have nudged up to the all-important $1m (£530k) mark according to its 2005 financials.
Rutherford was co-head of asset securitisation at Faegre, whilst Macaluso also served as treasury counsel to funds provider GMAC-RFC.
Their clients at Faegre included US bank Wells Fargo and the Bank of Montreal. They are expected to bring a large part of their practices with them.
In a statement, Morgan Lewis’ managing partner Philip Werner said: “Their arrival increases our combined strength in Europe, the US and Tokyo.”
Rutherford’s and Macaluso’s defection is a blow to Faegre, which is left with nine partners in its structured finance team.