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Cadwalader ramps up rebuild with Linklaters hire

The real issue is that the world is different to the one Andrew Wilkinson prospered in. Restructurings are massively more complex and resource intensive than they were 5 to 10 years ago. They require significant scale in specialities like pensions, environmental etc and local law expertise in key jurisdictions. Cadwalader simply doesnt have these things. The era of the charismatic loner being able to scoop big deals all on his own are I think long gone. Cads will need to invest heavily (ie accept considerable dilution) if they are to make this succeed. If Mr Ng was just after the money then he should have followed Mark Glengarry and gone to a bank.

11-Sep-2012

3:12 pm