Sullivan boosts finance and restructuring with Linklaters' Howard

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  • Got to admit it, that's a biggie. (At current rate of English law expansion the top NY firms in London should be doing real damage to the magic circle in about five-plus years). Better get their merger plans in order.

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  • Significant move. S&C always lacked restructuring capability in London and this gives them an instant practice. Howard is both a high calibre banking lawyer and a restructuring lawyer, which is pretty rare. Good development for both, big blow for Links

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  • "S&C always lacked restructuring capability in London"

    S&C lacks restructuring capability full stop. They have one partner in NY!

    Weil Gotshal or Willkie Farr they are not. In global restructuring they are nowhere. The only deal they have ever really done is Kodak and the US bank holding company stuff Rodg Cohen did.

    Why they want a restructuring partner in London, who knows.

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  • @Vercingetorix: "Why they want a restructuring partner in London, who knows."

    Because loads of UK companies are going bust and Howard advises the banks a lot when they do?

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  • @Anonymous

    You seriously think S&C are going to do UK restructuring work at RBS and Lloyds panel rates?

    Are S&C even on RBS's and Lloyds' panels for that matter!

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  • Lawyer who has already moved firms 4 or 5 times before moves again.

    Not exactly a shock is it?

    Rolling stones gather no moss and all that.

    Mind you when he moves again in another 3 years at least there will be another news story for the journos. You do have to wonder why firms hire these serial movers.

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  • I wonder what attracted Mr Howard from Links - PEP likely to flatline at £1.25m for 2012/13 - to S&C - PEP in 2012 US$3.45m or £2.3m and with top equity more than double that of Links.

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  • Anonymous above. I agree with you except in my experience partners usually move firms for one of two reasons - either they were "restructured" (formally or informally) or they get paid more in their new job. I do not personally know Chris Howard but in this case I would think it is clearly the latter. I would guess that he would not switch firms again soon because there are not many firms that could pay him as much cash as Sullivan & Cromwell.

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  • Richard says:

    "I would guess that he would not switch firms again soon because there are not many firms that could pay him as much cash as Sullivan & Cromwell."

    Too right. He'll hang on as long as he can.

    But he'll have to perform.

    Or he'll go the way of Richard's former option.

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