It’s Friday the 13th, punk. Fancy something spooky? For those suffering friggatriskaidekaphobia – that’s a fear of Friday 13 – we’ll keep it light. This tale doesn’t involve mythological black cats, umbrella moments or rickety ladders.
I know friggatriskaidekaphobics, we said light. But while this reminder might send shivers down some spines, for some firms it has meant millions of pounds in fees. Among the biggest billers have been Weil Gotshal & Manges, acting for Lehman, Linklaters, which reportedly earned the lions share of £60.5m paid to lawyers in the UK in the 12 months following the collapse, and Milbank, legal adviser to the creditors’ committee. The City’s banks also clamoured for the cream of Lehman Brothers’ in-house lawyers following the collapse, on 15 September 2008, with many setting up special processes to deal with the demand.
“I don’t think any of us actually thought it would really go under,” wrote Linklaters partner Tony Bugg for The Lawyer in 2009. Allen & Overy’s Kevin O’Shea, David Morley and Ashurst’s Stephen Lloyd also recorded their memories of the day.
Also on TheLawyer.com:
- Wilson Sonsini Goodrich & Rosati, the former firm of Twitter general counsel Vijaya Gadde and former legal chief Alexander Macgillivray, has been pegged as Twitter’s main legal adviser after the site yesterday tweeted its intent to submit for an IPO
- Davenport Lyons has become the latest UK firm to agree to convert to limited liability partnership (LLP) status, with the firm likely to move towards a more commission-based remuneration system
- Hogan Lovells has pledged to examine its policies and procedures around workplace stress and mental health in the wake of the death of IP partner David Latham earlier this year