Wedlake Bell lays off 17
Wedlake Bell has launched a redundancy consultation with six lawyers and 11 support staff.
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City firms move to safeguard client accounts
07-Oct-2008Several major City law firms are considering changing their terms of business in client engagement letters to take account of the current banking crisis.
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Fox Hayes begins second round of redundancy talks
07-Oct-2008Up to 43 members of staff are set to lose their jobs at Leeds firm Fox Hayes, taking the total number of UK 200 redundancies to 722.
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Heller litigation teams joins Arnold & Porter
Reed Smith's Birmingham office goes it alone
Hammonds ex-partners: we will not surrender
Sonnenschein launches European office number two
Cleary Gottlieb wins role in Fortis bank sale
CoL signs Pannone for Manchester launch
DLA Piper launches in Romania with ex-Links man
Reid Minty sues former partners
SJ Berwin mulls of counsel position
Small firms suffer as legal insurers refuse to underwrite in current climate
Following five consecutive years of falling rates, lawyers have been shocked to find that professional indemnity insurance rates have doubled for the 2009 renewal season.
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Wild frontiers: Sarah Clinch, Aureos Advisors
06-October-2008As legal counsel at private equity house Aureos Advisors, Sarah Clinch often has to work in countries with little, if any, legislation for financial deals.
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BT Group video conference tackles gender, ethnicity, sexuality… and the bottom line
06-October-2008BT Group has held its second video conference on diversity for in-house legal teams and law firms, with general counsel Anne Fletcher leading the session.
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Herbert Smith stuck with litigation tag despite corporate prowess
06-October-2008Herbert Smith’s corporate practice is unlikely to threaten the magic circle this year, but the firm has won enough mandates on big-ticket deals to make its rivals sit up and take notice.
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Our Legal Job Watch counts the redundancies as they happen - Wedlake Bell and Fox Hayes bringing the total to 722. Plus why Herbies can't shake the litigation tag; gender, ethnicity and sexuality at the BT Group conference; small firms suffer as PI rates rocket; crisis management with Akin Gump, K&L Gates and Mayer Brown; we reveal Dewey LeBoeuf's plan for world domination, new special reports on Ireland and the rule of law and Bates Wells and Braithwaite's very own hip hop star, yo (etc). Oh, and when did you last spend Ł1m on photocopying?
Accosting costs
Every now and then a judge hands down a ruling that should make the profession sit up and take note. Remember the pounding Allen & Overy (A&O) received from Mr Justice Floyd when he said the costs it had racked up on Research In Motion UK [RIM] v Visto were “totally unfamiliar to anyone who has been involved in economically conducted patent litigation”? Nothing like a bit of public humiliation to prompt some firmwide soul-searching.
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Crunch opportunities knock
Rescue of Thelen lawyers adds international nous.
For a firm lacking a wide network of overseas offices, a surprising number of Pillsbury Winthrop Shaw Pittman’s clients are international.Click here
07 October 2008
Wedlake Bell has become the latest firm to announce redundancies, 17 in all, as the legal industry becomes increasingly affected by the economic downturn. Read more »
Facebook hires former White House man as GC
Facebook has hired Kirkland & Elllis partner Theodore Ullyot as its new general counsel.
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