Top 10 stories: 14-20 November 2014

In an eventful week for the legal market, Eversheds turned its sights on the US and Morgan Lewis hired most of Bingham McCutchen – but our top story highlighted what managing partners dislike about their jobs.

Last week’s top story, a trail for our longer analysis of what managing partners find challenging about their jobs, proved immensely popular as readers flocked to find out just what managing partners really, really hate.

When it came to big breaking news stories, the revelation that Eversheds partners have voted in favour of a US merger was the top hit. Indeed the theme was very much American all week. 

On Monday we reported that US firms are set to benefit from litigation losses at DLA Piper. Meanwhile Morgan Lewis & Bockius finally confirmed it was hiring 227 partners from Bingham McCutchen, ending months of merger talks. It later emerged that Addleshaw Goddard is advising Morgan Lewis, and that the mass lateral hire is causing Bingham to fold.

In in-house news, JP Morgan Chase joined the host of companies currently carrying out a panel review, while EDF Energy overhauled its career progression to mirror private practice.

Over in Asia, it emerged that Chinese state-owned oil company China National Offshore Oil Corporation had broken its ties with Baker & McKenzie over a conflict of interest. And completing the top stories this week, Bird & Bird also lost an instruction, finding itself replaced by Fladgate on the £4bn claim brought by Royal Bank of Scotland shareholders over a 2008 rights issue after a row over fees.

1. What managing partners really, really hate

2. Eversheds partners vote to pursue US merger

3. US firms set to gain as exits mount from DLA Piper’s London litigation team

4. JP Morgan asking for reduced rates in panel review

5. Bird & Bird replaced by Fladgate on £4bn RBS shareholder case after fees row

6. Addleshaws advising Morgan Lewis as raided Bingham set to fold

7. EDF Energy overhauls in-house career progression to mirror private practice

8. China oil giant CNOOC breaks ties with Baker & McKenzie after internal investigation finds conflict of interest

9. I’m a managing partner… get me out of here

10. Morgan Lewis votes to admit 227 Bingham partners in mass lateral hire