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.
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.
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.