White & Case exodus continues as Latham snares eight more partners

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  • Oh dear...

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  • Hostile takeover... effective control over the assets of the target, which will, hopefully, remain intact as a going concern...
    Oh, deers.

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  • I am happy for Hugh who always knows how to select right people to get destructing things done!

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  • This is an unmitigated disaster for White & Case and will surely mark the beginning of the end of their "joined at the hip" relationship with Saudi Aramco.

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  • Interesting that the two other Projects partners who were in the circle of trust and part of the negotiations to leave are still at WC. Can we expect another announcement shortly?

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  • What's interesting about this is that the latest departures come from the project finance side rather than the banking/capmarkets group. The relationship of the banking/capmarkets group with Verrier has been at the core of much of the troubles in recent years (most of the departures to date have been totally predictable) whereas the projects group has been very much part of the inner circle, due to a large degree to the historical bias towards projects within the finance practice globally. The Middle East was a key personal priority for Stopford for example. So this is no longer about silos and personalities and is instead something much more fundamental, which can only mean that there's much more of this to come.

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  • After having a partners' conference in Paris over the weekend? Wished I was a fly on the wall. Can't have happened to a nicer firm!!

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  • Comes about a year after the Cadwalader London debacle...this lot saw the writing on the wall aswell and jumped before a fall (quite likely there own!)

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  • W&C have nearly 400 lawyers in London so there is no comparison. Cadwalader did property securitision which was a dead market.

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  • Yes I do think the comparison with Cads is dubious. For one thing, and though you certainly can't say this of a number of US names, there isn't a great deal of room for rejects at a firm like Latham & Watkins.

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