13 October 2008

Wall St Woes: Banking it

A good chunk of New York’s elite firms shied away from the US Treasury bailout mandate because of conflicts. The likes of Sullivan & Cromwell, Davis Polk & Wardwell and Wachtell Lipton Rosen & Katz simply have too many conflicting mandates on the multitude of meltdown instructions. But for M&A powerhouse Wachtell conflict issues was […]



Bittersweet17 October 2008 With the credit crunch causing a commotion in the legal world, there’s nothing quite like a holiday in the tabloids to brighten the mood. With the credit crunch causing a commotion in the legal world, there’s nothing quite like a holiday in the tabloids to brighten the mood. And so it is […]


Sonnenschein makes second round of redundancies

Sonnenschein Nath & Rosenthal has laid off 24 lawyers as well as support staff in its second round of staff cuts this year. In a confidential email sent to the firm and seen by The Lawyer firmwide managing partner Elliott Portnoy (pictured) confirmed that the redundancies, which will see partners, associates and counsel lose their […]

Wharf waiting for…

Good news at last: someone’s hiring. Good news at last: someone’s hiring. There’s an obvious conclusion to be drawn when you read Lord Turner’s interview in the Financial Times today: the FSA is going to stock up on in-house lawyers. It’s also going to have to deal with its historically high attrition rate. FSA staffers […]

TLT Solicitors

UK 200 Position: 68 UK … Position: 67 Firm: TLT Solicitors Turnover: £41mProfit per equity partner: £268KEarnings per partner: £144KEquity spread: £135K-£310KNet profit: £5.4mProfit margin: 13 per centRevenue per fee-earner: £93KRevenue per lawyer: £234KRevenue per partner: £569KRevenue per equity partner: £2.05mTotal number of fee-earners: 439Total number of qualified partners: 175Total number of lawyers: 72Total number […]

Thring Townsend at centre of foot and mouth action

Bath firm Thring Townsend Lee & Pembertons has launched a £1.5m claim for 14 farmers against the two laboratories at the centre of last year’s foot and mouth outbreak. Thring Townsend partner Peter Cusick (pictured) is leading the case against the two Pirbright laboratories, the Institute for Animal Health (IAH) and Merial Animal Health (MAH), […]


Coca-Cola legal head takes GC role at William Grant

Whisky company William Grant & Sons has created a global general counsel role, hiring rated Coca-Cola Enterprises legal chief Eva Bishop to lead its new-look legal team. Bishop will join the company at the start of next year. The current head of legal, Andrew McLean, will stay on at William Grant & Sons under Bishop. […]


Shackleton squares up to Manches’ Ward on Madonna divorce

The battle for the assets from Madonna and Guy Ritchie’s marriage is to be fought out by heavyweight family lawyers Helen Ward of Manches and Fiona Shackleton of Payne Hicks Beach. Ward, who set the benchmark for the largest divorce settlement when she secured £48m for Beverly Charman in her split from husband John Charman […]

Katten Muchin Rosenman makes 21 redundant

Katten Muchin Rosenman has become the latest US law firm to announce layoffs. Katten Muchin Rosenman has become the latest US law firm to announce layoffs. Twenty-one associates and counsel across the firm have been made redundant in a move is designed to “improve efficiency”, a Katten statement said. It is not yet clear which […]


Shearman sends NYC partner to head Europe

Shearman & Sterling has named New York M&A partner Creighton Condon as its European managing partner. Condon is one of Shearman’s most senior lawyers. Shearman hopes his move will boost the firm’s corporate practice across Europe. Shearman UK managing partner Anthony Ward said: “The European managing partner role is more one of facilitating greater integration […]

Shearman bulks up arbitration in Washington, DC

Shearman & Sterling has bulked up its US international arbitration group, moving Singapore partner John Savage to its Washington DC office. The move reflect the firm’s increased focus on international arbitration in the US. Shearman head of international arbitration, Emmanuel Gaillard, said: “The US environment for arbitration is changing and there is an increased need […]


Shearman loses partner in Germany – again

Shearman and Sterling has lost another partner in Germany, leaving its Munich office with just one partner. Tax partner Thomas Fox is to join Latham & Watkins in Munich soon, following the recent departure of tax partner Gottfried Breuninger and M&A partner Astrid Krüger to Allen & Overy (The Lawyer, 17 September). Shearman’s German co-managing […]

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