UK lords at US firms: Lords on board

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Cravath cuts special bonuses for associates

Cravath Swaine & Moore has cancelled the special bonus element of its 2008 year-end payments to associates. Cravath is the second US firm to abandon special bonuses – payments that are made on top of the annual bonus – after Skadden Arps Slate Meagher & Flom announced its bonus structure internally last week (19 November). […]

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Clintons, Withers, line up for £2.4bn Ecclestone divorce

Clintons’ star family lawyer Liz Vernon is to go up against Withers partner Mark Harper in the Ecclestone divorce, set to produce the largest divorce settlement in UK legal history. Clintons’ star family lawyer Liz Vernon (pictured) is to go up against Withers partner Mark Harper in the Ecclestone divorce, set to produce the largest […]

Cadwalader will not keep any City NQs in spring

US firm Cadwalader Wikersham & Taft will not offer jobs to any of the trainee solicitors who are due to qualify into its London office next spring. Three trainees have been affected by the move, which it is understood has been blamed on market conditions and the rapid expansion of Cadwalader’s UK-based graduate recruitment programme. […]

RPL league turns tables on Skadden

Skadden” class=”inline_image inline_image_left” src=”/pictures/web/images/15003_davidallen-MayerBrown90.jpg” />The litigation table published by The Lawyer shows which firms generated the most revenue from disputes last year. But reorder the table to rank firms by revenue per lawyer (RPL) and a different picture emerges. For example, Herbert Smith rises from 35th in the revenue table to seventeenth when ranked by […]

Comet dumps panel in Eversheds switch

Eversheds switch” />Electronics retailer Comet has ditched its ­informal legal panel and appointed Eversheds as its sole UK adviser. It is understood that Eversheds saw off competition from Addleshaw Goddard and Pinsent Masons to win a beauty parade that will see the firm retained for the next three years. Comet general counsel Richard Annett said […]

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