New York-based Katten Muchin Rosenman has hired bankruptcy specialist Ken Noble from Mayer Brown. Noble joined Katten yesterday after 15 years at Mayer Brown, where he was a partner. Noble is a transactional lawyer and litigator who focuses on advising domestic and foreign banks and a range of other financial institutions on financial restructuring and […]
Sullivan & Cromwell land key AIG roles” />Davis Polk & Wardwell and Sullivan & Cromwell have landed lead roles on the US government $85bn bail out of AIG. Davis Polk partners Donald Bernstein (pictured), Marshall Huebner and Bradley Smith led the firm advising the Federal Reserve on its emergency rescue of the insurer, in which […]
Commercial set 3-4 South Square has been instructed by Linklaters to make the application on behalf of PricewaterhouseCoopers to dissolve Lehman Brothers in the UK. Linklaters partners Euan Clarke and Tony Bugg, who are leading the magic circle firm team, instructed William Trower QC (pictured) and Daniel Bayfield, both of 3-4 South Square, to make […]
Allen & Overy (A&O) is to open in Munich after the hire of Shearman & Sterling‘s global co-head of tax and one of the US firm’s rising M&A stars. Munich-based Gottfried Breuninger is one of Shearman’s most senior, and joins A&O with local M&A partner Astrid Krüger. The departures will be a heavy blow for […]
In-house lawyers at Lehman Brothers are set to remain at the collapsed bank for several months, according to insiders. While scores of traders have walked out this week, the 70 lawyers employed by the London office have been asked to stay and help with the administration. A source at Lehman told The Lawyer: “There is […]
Allen & Overy has bagged the lead instruction advising struggling mortgage lender HBOS in its reported merger talks with Lloyds TSB. Linklaters in HBOS-Lloyds merger talks” />Allen & Overy (A&O) has bagged the lead instruction advising struggling mortgage lender HBOS in its reported merger talks with Lloyds TSB. Linklaters is understood to be assisting Lloyds […]
Clifford Chance thrashed out the details of Barclays’ acquisition of Lehman Brothers’ investment banking and capital markets arms for a consideration of £1bn. A team led by Cleary Gottlieb Hamilton & Steen and Clifford Chance corporate partner Guy Norman (pictured) finalised the details of the deal late last night. The acquisition is subject to regulatory […]
The 70 in-house lawyers at Lehman Brothers in the UK face a nervous wait today to find out whether or not they will be paid this month. The bank operated a zero-cash policy in the UK, transferring the money to the US operation at the end of every day. As a result Lehman has no […]
Slaughter and May is set to open an office in Beijing, in a rare international push by the elite City firm. Slaughters will launch the office alongside best friend firms De Brauw Blackstone Westbroek of the Netherlands and Uria Menendez of Spain, which both announced today they would also open in the Chinese capital. Senior […]
The number of conflicts searches has skyrocketed across City firms following yesterday’s turmoil on Wall Street, even at firms that do not currently have roles advising any of the major players. While Linklaters is one of the few firms with a major UK mandate, advising the Lehman administrators PricewaterhouseCoopers (PwC) in the UK, most other […]
A group of around 15 intellectual partners from Heller Ehrman are thought to be about to leave the firm to join Washington DC-based Covington & Burling. The latest development to hit beleaguered firm Heller coincides with the ending of its latest round of merger talks, this time with Mayer Brown (TheLawyer.com, 15 September). The loss […]
At least 200 UK jobs in the legal, compliance and audit team are under threat at collapsed bank Lehman Brothers. This is understood to include at least 60 qualified lawyers, with the rest being made up of compliance, auditing and other staff in the bank’s legal team. According to a source within the team, none […]