Law firms need to implement solid talent management schemes to get through the credit crunch intact – the main theme at a major London conference organised by The Lawyer. Law ;firms ;need ;to implement solid talent management schemes to get through the credit crunch intact – the main theme at a major London conference organised by The Lawyer. […]
Shearman & Sterling’s New York office advised longstanding client Merrill Lynch on its $50bn (£28.06bn) sale to Bank of America (BofA) over the weekend. Shearman & Sterling’s New York office advised longstanding client Merrill Lynch ;on ;its ;$50bn (£28.06bn) sale to Bank of America (BofA) over the weekend. BofA was advised by Wachtell Lipton Rosen & Katz – […]
Cravath Swaine & Moore and Davis Polk & Wardwell won places advising on the creation of the $70bn (£39.29bn) liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse. Cravath is representing JPMorgan Chase as administrative agent and collateral agent for the facility, which will be made available to bail […]
Linklaters bagged the biggest UK instruction on the Lehman collapse, advising four Pricewaterhouse-Coopers (PwC) partners on the administration of Lehman Brothers International (Europe). New York-based Weil Gotshal & Manges is handling Lehman’s Chapter 11 bankruptcy filing in the US, led by partner Harvey Miller. The deal is being led by Linklaters head of restructuring and […]
Finance remains the focus but grand plan to take on the magic circle bites the dust. Finance has long been the bedrock of Shearman & Sterling’s global practice. As the Manhattan firm pursued its dreams of international expansion, it used its close ties with Merrill Lynch and Citigroup to advance into Europe and make waves […]
US insurance giant AIG drafted in Sullivan & Cromwell to advise it on its $20bn (£11.23bn) lifeline from ;New ;York ;State regulators. The facility will allow AIG to borrow money off its balance sheets using its subsidiaries as security, and it is understood that further emergency funding is currently being arranged. The ;Sullivan ;team includes […]
Linklatersputs 20 partners on Lehman job” />The number of Linklaters partners advising on the Lehman Brothers UK administration has climbed to 20 in the space of five days – one of the biggest senior legal teams on an insolvency this decade. On Monday, the first day of the administration, eight partners were known to have […]
Freshfields Bruckhaus Deringer has axed as many as four associates in its real estate group, becoming the first magic circle firm to make redundancies. A spokeswoman for the firm confirmed that “more than one, but fewer than five” associates had departed, but would not confirm the exact number. Tim Jones, chairman of the London management […]
Kirkland & Ellis and Willkie Farr & Gallagher have snared lead roles on MidAmerican Energy’s $4.7bn (£2.6bn) acquisition of Constellation Energy. A Kirkland team, led by partners George Stamas and Mark Director advised Constellation while Willkie partners Peter Hanlon, Adam Turtletaub and Laurence Weltman advised Warren Buffet’s MidAmerican Energy. Kirkland has an existing relationship with […]
Milbank Tweed Hadley & McCloy has landed a role advising the creditors’ committee of Lehman Brothers, which recreates the law firm line-up of the Enron bankruptcy. Weil Gotshal & Manges is advising on the Lehman chapter 11 filing as it did on Enron, Linklaters is advising on the European end as it did on Enron […]
The administrators of Lehman Brothers have sought to allay pay fears among the bank’s legal team, promising that staff will be paid at the end of the month. Lehman’s 200-strong legal, compliance and audit team, which employs some 70 lawyers, has been retained by PriceWaterhouseCoopers (PwC) to work on the administration but it was unclear […]
Freshfields Bruckhaus Deringer has launched an international arbitration group in its Washington, DC office, transferring a Paris-based partner for the launch. Partner Nigel Blackaby is to relocate to Washington to bulk up Freshfields’ international arbitration team in the US, with New York partner Lucy Reed leading the new group. Reed commented: “It’s about client demand. […]