Lawyer: January 2009

Friday, January 30, 2009

The magic square?

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LAWYER NEWS DAILY - 30/01/2009
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The magic square?
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Late yesterday afternoon we broke some welcome news: a magic circle firm is trying to save jobs.

Well, kind of. In contrast to the bloodbaths scheduled at rivals Linklaters and Clifford Chance, Freshfields is to launch an intensive programme to reassure associates that they have a future with the firm (see story).

From next week the firm will run up to a hundred presentations aimed at encouraging people to broaden their individual practices. Or in other words, at encouraging them to find some work to avoid the boot.

None of which will mean much to magic circle trainees, however, who as we revealed this week, are all but guaranteed a job regardless (see story).

Anyway, speaking of the magic circle, an interesting row has broken out between readers on the Freshfields story due to our line that Freshfields is the 'only magic circle not to have announced a formal redundancy programme'. "What about Slaughters and A&O?" asked one.

Mike was quick to respond. "Slaughters aren't magic circle, and A&O has announced a major redundancy programme. Can I have a job at The Lawyer please?"

'Sn' was equally quick to respond to Mike. 'Slaughters isn't magic circle? Moron.'

Actually, Mike's basically right. Albeit on a far smaller scale, A&O has made redundancies (see story).

And as for Slaughters, we couldn't put it better than Mike later did himself: "...here's my magic circle: Clifford Chance, Links, Freshers and A&O. Which is not to suggest S and M is a lesser firm - in many respects it's a greater one. But its model is fundamentally different - its character is more like that of a giant, highly-profitable corporate boutique with some international best friend firms."

Spot on, Mike. But no, you can't have a job.

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London? Forget that - Almaty's where it's at-y. As one young lawyer explains in the first of our Postcards from... series, Kazakhstan doesn't just have carbon energy, it's got skiing, nightlife and fermented horse milk. Read the postcard here.

Plus: Links' unlucky 13 per cent; two new private client special reports today; the US Rev Counter is on; the Lawyer 2B caption contest and how do you dress to impress?

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BREAKING NEWS
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30-January-2009
Olswang: second redundancy round, 45 to go
http://www.thelawyer.com/cgi-bin/item.cgi?id=136518&d=415&h=417&f=416
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30-January-2009
Nixon Peabody launches Israel group
http://www.thelawyer.com/cgi-bin/item.cgi?id=136517&d=415&h=417&f=416
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29-January-2009
Linklaters: 270 London jobs to go
http://www.thelawyer.com/cgi-bin/item.cgi?id=136509&d=415&h=417&f=416
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29-January-2009
Quinn Emanuel: double digit revenue, PEP hikes
http://www.thelawyer.com/cgi-bin/item.cgi?id=136516&d=415&h=417&f=416
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29-January-2009
Freshfields to launch 'cross fertility' programme
http://www.thelawyer.com/cgi-bin/item.cgi?id=136515&d=415&h=417&f=416
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29-January-2009
BPE Solicitors embraces four-day week
http://www.thelawyer.com/cgi-bin/item.cgi?id=136514&d=415&h=417&f=416

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MBL Seminars
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Thursday, January 29, 2009

Linklaters: 270 to go

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LAWYER NEWS DAILY - 29/01/2009
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Linklaters: 270 to go
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As many of you have read on TheLawyer.com already, Linklaters has finally got round to announcing to its staff the extent of its redundancy programme (see story).

London alone will see up to 270 jobs go - roughly split between 120 lawyers and 150 business support staff.

That's nearly five per cent of the entire workforce, and from the City office alone. You can be sure that the other offices - particularly in western Europe, as we revealed last Friday - will not be unscathed. (For more on that, click here.)

Right now whole swathes of Links employees are shuffling into an awkward series of meetings with the management. Managing partner Simon Davies - less than a year into his role - will be fielding questions from the staff. And judging by comments posted on the story from a number of Links lawyers on the subject, those questions may well have an undercurrent of hostility.

Meanwhile, the bemused trainees have been spared the axe, mostly. As we report, 84 per cent of them are staying on after qualification (see story). But will they have any work to do?

Elsewhere, we've found some good news. Allen & Overy is keeping 91 per cent of its trainees.

Oh, and the sun's shining in the City. As it doubtless is too in Aktau, the 'new Miami', as Gerard Aston, our blogger at Grata Law in Kazakhstan explains in the first of our 'Postcards From...' series (see post).

Just spare him the Borat gags, eh?

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Plus: New litigation and middle east special reports; how to create a global network; why firms should shy from retiring their partners; the Lawyer 2B caption contest and how do you dress to impress?

And did you miss: Orange's new panel? The Tyco-Eversheds tie under review? DLA switching Saudi sponsor? The ex-DLA Islamic finance chief launching a new firm, human rights group Reprieve's top lawyer or Duran Duran at Blackstone?

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BREAKING NEWS
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29-January-2009
Linklaters: 270 London jobs to go
http://www.thelawyer.com/cgi-bin/item.cgi?id=136509&d=415&h=417&f=416
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29-January-2009
Freshfields, Links team up on Xstrata rights issue
http://www.thelawyer.com/cgi-bin/item.cgi?id=136509&d=415&h=417&f=416
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28-January-2009
Simpson Thacher downsizes delayed Sao Paulo launch
http://www.thelawyer.com/cgi-bin/item.cgi?id=136507&d=415&h=417&f=416
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28-January-2009
MoFo cuts 201 jobs in latest round of layoffs
http://www.thelawyer.com/cgi-bin/item.cgi?id=136508&d=415&h=417&f=416
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28-January-2009
Magic circle trainees kept on despite recession
http://www.thelawyer.com/cgi-bin/item.cgi?id=136505&d=415&h=417&f=416
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28-January-2009
Blake Lapthorn launches second round of redundancies
http://www.thelawyer.com/cgi-bin/item.cgi?id=136501&d=415&h=417&f=416
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28-January-2009
Fulbright: revenue and PEP up 7 per cent
http://www.thelawyer.com/cgi-bin/item.cgi?id=136499&d=415&h=417&f=416

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In-house Solicitor
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Present and correct

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THE LAWYER IN NEW YORK - 29/01/2009
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Present and correct
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Lordy. Freshfields really did roll out the heavy artillery this week to big up its latest US hires.

Most of the magic circle firm's top brass turned up on Tuesday (27 January), when The Lawyer popped over to its Madison Avenue office to meet Aaron Marcu, Adam Siegel and Benito Romano, the trio of partners it hired in January from Covington & Burling and Willkie Farr & Gallagher (see story).

All present and correct were Freshfields chief executive Ted Burke, former managing partner and one-time head of litigation Ian Terry, current global disputes head Chris Pugh and the co-head of Freshfields' financial institutions disputes group Andy Hart.

The Lawyer, though surrounded, stood its ground. Why, we asked sceptically, would any US general counsel facing a $25bn suit go to Freshfields, just because the firm has bothered to get a local litigation capability?

With no cases to point to so far by way of evidence, and no work brought across from their old firms that the lawyers were prepared to mention, the best Freshfields' new hires could manage was that, "the era of impenetrable relationships is over".

So, Freshfields has launched a litigation capability in New York just months after fellow magic circle rival Clifford Chance was forced to lay off 20 litigation associates due to low levels of work (see story) and it's expecting US clients to flock to its shores? Unlikely.

And in truth that's not really the plan. The real focus is on providing the firm's European clients with a US disputes capability. Though Freshfields will hardly turn away any US corporates, penetrating the relationships enjoyed by the likes of Cravath, Simpson Thacher and Sullivan & Cromwell will take a little more than the hire of three partners, no matter how notable they may be. Selling the new group to its existing clients in Europe and Asia will be easier.

To their credit, the three partners did admit that if a US client was happy with its existing counsel it would "take time", but that "opportunities would arise".

There you go. There's nothing we like more in these dark days than a spot of optimism.

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* OTHER NEWS FROM THE LAWYER *
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29-Jan-2009 Linklaters: 270 London jobs to go
http://ase.emv3.com/I?a=A9X7CkDfnJ6gsJOmhOadv3bgIw
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28-Jan-2009 MoFo cuts 201 jobs in latest round of layoffs
http://ase.emv3.com/I?a=A9X7CkDfnJ6gsJOmhOadv3fgJA
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28-Jan-2009 Simpson Thacher downsizes delayed Sao Paulo launch
http://ase.emv3.com/I?a=A9X7CkDfnJ6gsJOmhOadv3TgJQ
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26-Jan-2009 Fulbright: revenue and PEP up 7 per cent
http://ase.emv3.com/I?a=A9X7CkDfnJ6gsJOmhOadv3XgJg
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26-Jan-2009 Merrill slashes six senior legal jobs
http://ase.emv3.com/I?a=A9X7CkDfnJ6gsJOmhOadv2rgJw
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26-Jan-2009 Cadwalader threatens to sue London partners
http://ase.emv3.com/I?a=A9X7CkDfnJ6gsJOmhOadv2vgWA
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Wednesday, January 28, 2009

Grave New World

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LAWYER NEWS DAILY - 28/01/2009
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Grave New World
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Linklaters lawyers are on tenterhooks waiting for the firm's announcement tomorrow on its 'New World' redundancy programme - sorry, we mean 'client-focused downshaping' (see story).

Tensions appear to be running high. As one Links associate posted on TheLawyer.com this week: "For the first time since the credit crunch began, it seems that the associates are generally bonding through their mutual hatred of the partners in the department."

Ouch.

"However, to add insult to injury 10 per cent of us probably won't be at Links from the beginning of March, the banking partners are pretending to be morons and saying that they didn't know that the redundancies were about to be announced."

Ouch again.

The one group of people apparently safer than others? Trainees. As we reveal today, trainee retention rates at Linklaters and Clifford Chance are all but safe as houses (see story).

So will this reassure the worried student who wrote to us asking if their training contract with Linklaters was safe? Many of you are piling in with advice - give your own.

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How to create a global network; Freshfields and DLA deny India tie-ups; the US Rev Counter is on; brand new litigation and middle east special reports; DLA switches Saudi sponsor; human rights group Reprieve's top lawyer and Duran Duran at Blackstone. Plus the Lawyer 2B caption contest.

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BREAKING NEWS
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28-January-2009
Blake Lapthorn launches second round of redundancies
http://www.thelawyer.com/cgi-bin/item.cgi?id=136501&d=415&h=417&f=416
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28-January-2009
Fulbright: revenue and PEP up 7 per cent
http://www.thelawyer.com/cgi-bin/item.cgi?id=136499&d=415&h=417&f=416
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27-January-2009
Linklaters in High Court defending negligence claim
http://www.thelawyer.com/cgi-bin/item.cgi?id=136498&d=415&h=417&f=416
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27-January-2009
Merrill slashes six senior legal jobs
http://www.thelawyer.com/cgi-bin/item.cgi?id=136494&d=415&h=417&f=416
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27-January-2009
Addleshaws extends BPP LPC contract
http://www.thelawyer.com/cgi-bin/item.cgi?id=136497&d=415&h=417&f=416
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27-January-2009
Ashurst plans to shed 15 secretarial jobs
http://www.thelawyer.com/cgi-bin/item.cgi?id=136495&d=415&h=417&f=416
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Tuesday, January 27, 2009

Unlucky seven

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LAWYER NEWS DAILY - 27/01/2009
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Unlucky seven
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Cadwalader's seven departing partners were hoping for closure last week as they negotiated their departure from the firm for Paul Hastings.

And at The Lawyer we were hoping for a bit of closure ourselves, which is why we wrote this feature documenting the whole sorry story.

And then Cadwalader got nasty (see story).

The atmosphere in the office has been tense since the seven partners resigned - indeed there have been reports of tears - so what Cadwalader stands to gain from suing its own partners is anyone's guess.

It could perhaps save the firm a couple of million dollars in redundancy payments and withheld capital. It may just scare a few more partners in to staying put. But one thing it won't help with is rebuilding the London office.

Would you join Cadwalader now?

Interestingly, the firm has instructed Lewis Silkin partner Michael Burd, who was last seen advising Freshfields on the Peter Bloxham case.

Burd scooped victory for Freshfields in that case but despite his New York upbringing he won't be able to help Cadwalader in a New York court where this dispute could end up.

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Is it naive to compare the partnership culls at Linklaters and Freshfields? Is Links preparing for a float? And where does Clifford Chance fit in? Readers have their say on the Links-Freshfields arms race.

Plus: Freshfields and DLA deny India tie-ups; why firms should shy from retiring their partners; how to create a global network; the US Rev Counter is on; human rights group Reprieve's top lawyer on Obama and Guantanamo and have you signed up to our new, free Litigation Weekly?

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BREAKING NEWS
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27-January-2009
Cadwalader threatens to sue London partners
http://www.thelawyer.com/cgi-bin/item.cgi?id=136493&d=415&h=417&f=416
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27-January-2009
Simmons shuts Rotterdam, focuses on Amsterdam
http://www.thelawyer.com/cgi-bin/item.cgi?id=136489&d=415&h=417&f=416
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27-January-2009
Dentons names Kitchen as next chairman
http://www.thelawyer.com/cgi-bin/item.cgi?id=136488&d=415&h=417&f=416
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26-January-2009
Morgan & Finnegan faces dissolution after mass walk-out
http://www.thelawyer.com/cgi-bin/item.cgi?id=136482&d=415&h=417&f=416
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26-January-2009
Wilson Sonsini blames downturn for 113 layoffs
http://www.thelawyer.com/cgi-bin/item.cgi?id=136484&d=415&h=417&f=416
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26-January-2009
Greenberg rejigs management team
http://www.thelawyer.com/cgi-bin/item.cgi?id=136483&d=415&h=417&f=416
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Links new strategies

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THE LAWYER IN NEW YORK - 27/01/2009
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Links new strategies
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The three graphs adorning the front page of The Lawyer yesterday (see story) say it all - Linklaters' revenues and profits are headed in the right direction, but it has too many partners.

Senior partner David Cheyne and managing partner Simon Davies are preparing to wield the axe. The question is, where will the cuts come?

Sources suggest Western Europe will bear the brunt of Linklaters New World restructuring. But the firm's New York office is unlikely to escape unscathed.

The magic circle firm is struggling to win over its platinum clients in the US, with M&A largely confined to network-generated deals.

"That's fine," says one former Linklaters partner, "but the bulk of work is advising on deals for clients like BP acquiring a European company that happens to have a subsidiary in Montana. It's bread and butter work, it's not sustainable because it's so low margin and it's not what wants Links wants for the long term."

Linklaters' current US partners remain bullish about their future. They insist the firm is still hiring, particularly in litigation.

"The US office is still in growth mode," says one New York-based Linklaters partner. "It will be a challenging few years for every firm but we feel very confident about our future."

But a crippled economy and miserable deal flow is putting the firm's US corporate partners under pressure. The firm will be loath to make cuts in precisely the area it needs to bulk up, but a degree of restructuring is inevitable.

---------------------------------

For the full story on how Linklaters' New World will affect New York see The Lawyer or TheLawyer.com on Monday.

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* OTHER NEWS FROM THE LAWYER *
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26-Jan-2009 Wilson Sonsini blames downturn for 113 layoffs
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26-Jan-2009 Greenberg rejigs management team
http://ase.emv3.com/I?a=A9X7CkDSUFxesJJEaOaAiO3gAg
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26-Jan-2009 Morgan & Finnegan faces mass walk-out to Locke Lord
http://ase.emv3.com/I?a=A9X7CkDSUFxesJJEaOaAiOLgAw
-----------------------------------------------------------
26-Jan-2009Nixon Peabody promotes seven across US offices
http://ase.emv3.com/I?a=A9X7CkDSUFxesJJEaOaAiOPgBA
-----------------------------------------------------------
26-Jan-2009 Cadwalader wins role on $68bn Pfizer mega-merger
http://ase.emv3.com/I?a=A9X7CkDSUFxesJJEaOaAiODgBQ
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26-Jan-2009 Revenue and profits static at Greenberg Traurig
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Monday, January 26, 2009

Return post

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LAWYER NEWS DAILY - 26/01/2009
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Return post
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The 45 (and counting) comments posted on our Linklaters layoffs exclusive suggest it caused something of a stir (see story).

"This is the dawning of a new era for the magic circle," wrote one poster.

And as our top story today explains, the lay-offs mark the start of an arms race between Linklaters and Freshfields (see story).

But for all that, a little context into the cuts is essential.

First up, as we made clear, it's 'up to' 70 partner departures, not 70 partner departures - the detail of the firm's slightly scary-sounding New World plan is far from set in stone.

And while that eye-catching figure provides a little relief for other firms eager to duck the limelight of their own redundancy packages, consider the size of the Linklaters partnership against those of other firms planning culls such as Ashurst; Baker McKenzie; LG; Mishcons and SJ Berwin before you make any favourable comparison.

Oh, unless you're Clifford Chance, that is (see story). Or Freshfields.

But for the full context on the Links cuts, see the leader.

Incidentally, we were so impressed at the quality of some of the reader comments we've had that we thought we would turn one one of them over to you for a response.

"I only recently signed a training contract with them .. should I be worried?" wrote one young poster. You tell us (see forum).

----------------

Plus: why firms should shy from retiring their partners; how to create a global network; why bank-law firm relations have reached a new level; the Hot 100 photo gallery; our India market assessment and should future Links trainees be worried?

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BREAKING NEWS
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26-January-2009
Linklaters v Freshfields: the arms race starts here
http://www.thelawyer.com/cgi-bin/item.cgi?id=136432&d=415&h=417&f=416
-----------------------------------------------------------
26-January-2009
Barclays' new hire to cut legal expenditure
http://www.thelawyer.com/cgi-bin/item.cgi?id=136434&d=415&h=417&f=416
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26-January-2009
Cadwalader trio snubs offer to stay
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26-January-2009
DLA Piper switches Saudi sponsor
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26-January-2009
Orange squeezes Bevan Brittan out of new panel
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26-January-2009
Getting it together: top networkers wax lyrical on joined-up thinking
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Friday, January 23, 2009

The Lawyer exclusive: Linklaters to cull 70 from partnership

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LAWYER NEWS DAILY - 23/01/2009
==========================================================
The Lawyer exclusive: Linklaters to cull 70 from partnership
----------------------------------------------------------------------------------------------

The Lawyer is bringing you one of the biggest stories of the year - and it's all about Linklaters.

As we reveal exclusively today, the magic circle firm is considering axing up to 70 partners (see story).

That's some pruning. And it beats Ashursts and Addleshaws, which - as revealed by The Lawyer earlier this week - are parting with ten and nineteen respectively.

So is this recession-related? Not entirely. Managing partner Simon Davies is looking a little bit further ahead, examining what sort of legal services will be big business in the coming decades.

Hence the name of Davies' plan: New World. It's missing the 'Brave', though; after all, Davies and senior partner David Cheyne are going to need some balls to carry this out.

For more analysis and reaction on this, see The Lawyer's exclusive coverage on Monday.

---------------

Also on Monday: the Hot 100 party gallery; Cadwalader's London office assessed, Reprieve's view on the rule of law in an Obama world; and preview of a major Middle East legal conference.

Plus TheLawyer.com readers are debating twin sisters in the law; India; the Fox Hayes and Hammonds Direct meltdowns and Tyco's Trevor Faure.

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BREAKING NEWS
==========================================================
23-January-2009
Exclusive: Linklaters to axe up to 70 partners in massive shake-up
http://www.thelawyer.com/cgi-bin/item.cgi?id=136424&d=415&h=417&f=416
-----------------------------------------------------------
23-January-2009
Bakers cuts 20 lawyers in London
http://www.thelawyer.com/cgi-bin/item.cgi?id=136423&d=415&h=417&f=416
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22-January-2009
Cadwalader loses another NY partner as firm cuts jobs
http://www.thelawyer.com/cgi-bin/item.cgi?id=136421&d=415&h=417&f=416
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22-January-2009
Obama names DLA's Mitchell as special envoy
http://www.thelawyer.com/cgi-bin/item.cgi?id=136422&d=415&h=417&f=416
-----------------------------------------------------------
22-January-2009
Bingham financials: PEP up 6 per cent, turnover up 3
http://www.thelawyer.com/cgi-bin/item.cgi?id=136419&d=415&h=417&f=416
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22-January-2009
Mishcons lays off 17 after consultation
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Thursday, January 22, 2009

Manhattan Transfer

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LAWYER NEWS DAILY - 22/01/2009
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Manhattan Transfer
----------------------------------------------------------------------------------------------

Where Clifford Chance falters Freshfields follows, it seems, with CC's Anglo-German rival having decided to launch a US litigation practice (see story).

The new litigation base in New York, founded with three local partner hires, is an attempt to capitalise on the firm's beachhead in US arbitration, says chief exec Ted Burke, and follows advice from several clients to launch the group.

"There's no such thing as a sure bet, but of course we wouldn't do this if we didn't think it was going to be successful," he adds.

But then that's what Clifford Chance might have said.

Blighted by a lack of work, CC's US litigation practice in October laid off 20 lawyers (see story), and shortly before Christmas suffered four partner defections in a week (see story).

Meaning that Freshfields' move into the very same market takes some serious cojones.

But not, however, that there's no work to be had. As Dechert New York litigation head Robert Cohen told us late last year, disputes "are coming from all sides."

And as Simpson Thacher litigation partner Jonathan Youngwood added, "any foreign company with interests in the US is going to end up having business in the US courts."

The real question is who is going to get that work. Our feature in November laid out the prospects for the US litigation market (see feature). Shortly before it, our Transatlantic Elite run-down of international players included the Sweet Sixteen, an elite group of firms that has either invested heavily in an overseas network, or whose brand is so strong they can rely on top clients despite their lack of international presence (see feature).

This group - of which Freshfields is a member - has long been positioning itself for the quality work when the crunch hit.

Meanwhile back in Blighty, litigation also continues apace - see our new and improved litigation page to subscribe to our new Litigation Weekly email or for posts on Northern Rock, the Treasury's new devil and, er, Duran Duran (click here).

----------------

News of redundancies at Addleshaw Goddard, at SJ Berwin, at Ashurst and at LG in the last 24 hours stole the limelight from another big story: Tyco's Trevor Faure has left.

Plus: our India market assessment; the demise of Thacher Proffitt & Wood; how bank-law firm relations have reached a new level, can Addleshaws maintain its building society strength and are those green shoots?

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BREAKING NEWS
==========================================================
22-January-2009
Freshfields launches US litigation practice
http://www.thelawyer.com/cgi-bin/item.cgi?id=136409&d=415&h=417&f=416
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22-January-2009
37 in second redundancy consultation at LG
http://www.thelawyer.com/cgi-bin/item.cgi?id=136408&d=415&h=417&f=416
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22-January-2009
Simmons advises oligarch on Evening Standard deal
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22-January-2009
Over 100 jobs go at Cooley Godward
http://www.thelawyer.com/cgi-bin/item.cgi?id=136416&d=415&h=417&f=416
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22-January-2009
Chadbourne to cut global headcount
http://www.thelawyer.com/cgi-bin/item.cgi?id=136407&d=415&h=417&f=416
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22-January-2009
WilmerHale moots Shanghai launch
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UVA Law News Briefs

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Justice Alito to Headline Public Service Conference

U.S. Supreme Court Justice Samuel A. Alito Jr. will headline the 10th Annual Conference on Public Service and the Law, scheduled for Jan. 30 and 31 at the University of Virginia School of Law. More


		Bob Barker Donates $1 Million for Creation of Animal Law Program More

		Storey to Use Powell Fellowship to Advocate for Immigrants More
Andrew Vollmer '78 Named SEC Acting General Counsel More Obama Names Thomas E. Donilon '85 Deputy National Security Adviser More Peter S. Kiernan '68 Retires From Public Service After More Than 40 Years at SEC More John Sinders '79 Is Man Behind Khaleji Motorsport Team in 24 Hours of Dubai Race More

George K. Yin, "Geithner Taxes for Dummies" (Politico) More

Paul G. Mahoney, "Barker Grant Aids U.Va. Animal Law Program" (Richmond Times-Dispatch) More

Margaret Foster Riley, "Barker's Gift to Found Animal Law Program" (Charlottesville Daily Progress) More

Brandon L. Garrett, "Va. Cases Shed Light on False Convictions (Richmond Times-Dispatch) More

Dotan Oliar and Christopher Sprigman, "The Law of Comedy" (WVTF) More

A. E. Dick Howard, "Judge Rules Defectors Have No Claim on Endowment" More

Thursday, Jan. 22
"Everything You Ever Wanted to Ask a Federal Judge," with Judge Amul Thapar, 12:30 p.m., SL258

Martin Luther King Jr. Candlelight Vigil, 5:30 p.m., Spies Garden

Monday, Jan. 26
Virginia Law Review Note Workshop: "Incarceration, Accommodation, and Strict Scrutiny," 4 p.m., SL258

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Thinking positively

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THE LAWYER IN NEW YORK - 22/01/2009
==========================================================
Thinking positively
-----------------------------------------------------------
As more financial results poured forth yesterday, for once the news wasn't all bad (see story).

It's probably stretching it to call it the Obama effect - although the feel-good factor permeating most of the US has been out in force this week.

K&L Gates head Pete Kalis won't be too sad that his firm failed to break through the billion-dollar revenue barrier last year. The 27 per cent increase in global revenue to $959.4m is almost certain to be bettered in 2009 in monetary, if not growth, terms. And the firm's latest bolt on, Chicago-based Bell Boyd & Lloyd, should help, with the addition due to start contributing to the acquisitive firm's fee income later this year.

Elsewhere it was stunned silences in certain quarters as White & Case - yes, as in the 'we are undergoing a permanent management overhaul' White & Case - managed an increase of 7 per cent in revenue to $1.467bn despite all its navel gazing.

WilmerHale's two Bills - co-managing partners Lee and Perlstein - were satisfied with similarly twin increases in profits and revenues, even if they were in the region of 1 per cent each.

Not to be left out, Weil Gotshal & Manges had already posted a 4 per cent increase in revenue to $1.23bn earlier this week (see story).

In a legal market continually rocked by layoffs, the positive results posted by US firms yesterday offered some reassurance that the sky had not fallen in quite yet.

Of course, this is just a snapshot. The full US picture won't be known for a month or two until all the major firms have closed their books and divvied up the cash.

Until then, look to The Lawyer's annual rolling US Rev Counter. From Monday we will be keeping track of the American firms' figures as they unfold. As ever, it will be required reading.

==========================================================

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* OTHER NEWS FROM THE LAWYER *
-----------------------------------------------------------
22-Jan-2009 Freshfields launches US litigation practice
http://ase.emv3.com/I?a=A9X7CkDLOES_sJHgU,aHtpHgfw
-----------------------------------------------------------
22-Jan-2009 Chadbourne to cut global headcount
http://ase.emv3.com/I?a=A9X7CkDLOES_sJHgU,aHtpbgcA
-----------------------------------------------------------
22-Jan-2009 WilmerHale moots Shanghai launch
http://ase.emv3.com/I?a=A9X7CkDLOES_sJHgU,aHtpfgcQ
-----------------------------------------------------------
21-Jan-2009 Former Fannie Mae GC joins Paul Weiss
http://ase.emv3.com/I?a=A9X7CkDLOES_sJHgU,aHtpTgcg
-----------------------------------------------------------
21-Jan-2009 Results positive at both White & Case and Wilmer
http://ase.emv3.com/I?a=A9X7CkDLOES_sJHgU,aHtpXgcw
-----------------------------------------------------------
21-Jan-2009 Lovells unveils latest New York head
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Wednesday, January 21, 2009

29 more partners cut

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LAWYER NEWS DAILY - 21/01/2009
==========================================================
29 more partners cut
----------------------------------------------------------------------------------------------

Addleshaw Goddard has broken ranks and has the dubious honour of being the first UK 200 firm to announce that it is cutting partners. Nineteen - yes you read that right - 19 of them (see story).

While Addleshaws has bravely decided to face the music, Ashurst has chosen to keep schtum and has declined to comment on the news that it has shown 10 partners the door (see story). Call it the Linklaters strategy.

Partner departures have been the untold story of this recession so far, with rumours circulating about which firms have been cutting partners from which departments.

While Addleshaws decision to come clean has not pushed Ashurst towards transparency, it may provoke other firms to follow suit. (Linklaters aside.)

All these partner departures have rather stolen the limelight from the news that Tyco legal mastermind and The Lawyer's in-house lawyer of the year Trevor Faure, has also jumped ship - albeit voluntarily (see story).

And between the recession and Obama, no wonder that discussion at this year's Hot 100 party was little more serious: see photos here.

-----------------

Plus: Bernie Ecclestone dumps Withers for Manches; Leed's Fox Hayes bites the dust; former MP Paul Tvetenstrand speaks out on the demise of Thacher Proffitt & Wood; why bank-law firm relations have reached a whole new level, can Addleshaws maintain its building society strength and are those green shoots?
Plus sign up to our new, free Litigation Weekly.

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BREAKING NEWS
==========================================================
21-January-2009
Ashurst slashes 10 from equity partnership
http://www.thelawyer.com/cgi-bin/item.cgi?id=136397&d=415&h=417&f=416
-----------------------------------------------------------
21-January-2009
Trevor Faure quits Tyco
http://www.thelawyer.com/cgi-bin/item.cgi?id=136395&d=415&h=417&f=416
-----------------------------------------------------------
21-January-2009
Addleshaws shows 19 partners the door
http://www.thelawyer.com/cgi-bin/item.cgi?id=136392&d=415&h=417&f=416
-----------------------------------------------------------
21-January-2009
A&O, Slaughters advise on Britannia 'super-mutual' merger
http://www.thelawyer.com/cgi-bin/item.cgi?id=136398&d=415&h=417&f=416
-----------------------------------------------------------
21-January-2009
Ecclestone ditches Withers for Manches in divorce
http://www.thelawyer.com/cgi-bin/item.cgi?id=136396&d=415&h=417&f=416
-----------------------------------------------------------
20-January-2009
Fried Frank hit by another European raid
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Tuesday, January 20, 2009

Apocalypse later

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LAWYER NEWS DAILY - 20/01/2009
==========================================================
Apocalypse later
----------------------------------------------------------------------------------------------

If you're wondering what that noise is, it's the thundering hooves of the Four Horsemen of the Apocalypse.

Yes, if the news of the last 24 hours is anything to go by, the end of the world really is here, and those skeletal horsemen will soon drag your children away (if the bailiffs haven't already).

First up, Denton Wilde Sapte is to make 80 redundant (see story).

Second, Leeds' Fox Hayes is going into administration (see story). Which follows hot on the heels of Howes Percival making six redundancies (see story).

Meanwhile Herbies is busy on the administration of Nortel (see story), Slaughters and Freshfields are trying to save the British banking system (see story), and Ireland's Arthur Cox is working on the nationalisation of Anglo Irish bank (see story).

See what we mean?

But gloomy as all that might seem, as this week's leader makes clear, there really are some green shoots (see leader). Seriously!

First up, Berwin Leighton Paisner has hired - that's right, hired - some 70 lawyers (see story), and is laying the groundwork for a new office in Latin America (see story).

Meanwhile Camerons is looking for a junior merger partner with - get this - a focus on corporate (see story).

And while Fox Hayes might have hit the rocks, most of the firm had already left for nearby Lupton Fawcett anyway, as part of an expansion drive at the latter (see story).

So not so bad after all. Now go out and buy something.

--------------

After Clifford Chance signed an India tie last week, our market assessment asks: has it trumped its India rivals?

Plus: Paul Tvetenstrand speaks out on the demise of Thacher Proffitt & Wood; The Lawyer match makes as Camerons seeks love in London; a lawyer describes her experience of redundancy and going freelance and why bank-law firm relations have reached a whole new level. Plus our new, free Litigation Weekly.

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BREAKING NEWS
==========================================================
20-January-2009
Dentons to make up to 80 staff redundant
http://www.thelawyer.com/cgi-bin/item.cgi?id=136378&d=415&h=417&f=416
-----------------------------------------------------------
20-January-2009
DLA Piper loses Bergen office to local firm
http://www.thelawyer.com/cgi-bin/item.cgi?id=136379&d=415&h=417&f=416
-----------------------------------------------------------
20-January-2009
Welsh Assembly names external counsel
http://www.thelawyer.com/cgi-bin/item.cgi?id=136383&d=415&h=417&f=416
-----------------------------------------------------------
20-January-2009
Pinsents signs College of Law tie-up
http://www.thelawyer.com/cgi-bin/item.cgi?id=136382&d=415&h=417&f=416
-----------------------------------------------------------
20-January-2009
Arthur Cox advises on Anglo Irish nationalisation
http://www.thelawyer.com/cgi-bin/item.cgi?id=136380&d=415&h=417&f=416
-----------------------------------------------------------
19-January-2009
Leeds' Fox Hayes goes into administration
http://www.thelawyer.com/cgi-bin/item.cgi?id=136376&d=415&h=417&f=416
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Employment Tribunal Representative
South East

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Insolvency & Restructuring Lawyer
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Change we need

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THE LAWYER IN NEW YORK - 20/01/2009
==========================================================
Change we need
-----------------------------------------------------------
It's not often we get to say this, but today history will be made.

"It's going to be a defining moment in US history," says Pillsbury Winthrop chairman Jim Rishwain, "a special event and maybe the most special event that occurs in the US during 2009."

What's he talking about? What else but the inauguration of President Barack Obama. It is, says Sullivan & Cromwell corporate partner Frank Aquila, "a new chapter".

All over America, and of course in DC, which today virtually shut down for the massive celebrations, people are preparing for the swearing in. Obama's carrying a lot of hopes.

"He has to do whatever it takes to get the economy moving again," argues Aquila's SullCrom partner Jim Morphy. "That's the name of the game, getting confidence back. He'll have so many things coming at him from day one. But I think the critical thing will be attending to the stimulus package. The regulatory changes can follow that."

As ever, a new administration is likely to herald heaps of work for lawyers. There should be plenty of it to go round as the new president looks to rebuild the US's shattered economy.

Rishwain's firm and others with large energy practices are among those that look set to benefit from Obama's arrival. Last Thursday (15 January), the new president's Democratic chums unveiled their blueprint for restarting the economy, an $825bn pack of tax breaks and cash injections that included special deals for renewable energy companies.

Elsewhere the Government's Troubled Asset Relief Program will continue to offer, er, relief to securitisation specialists, not least the group of former Thacher Proffitt & Wood lawyers now at Sonnenschein. If the government goes on buying toxic assets, it's the likes of Tvetenstrand & Co that benefit.

And inevitably there will be more litigation. As one US lawyer puts it: "A Democratic administration is excellent for lawyers. It inevitably means tighter regulation and that automatically leads to increased litigation and antitrust work."

But for some firms, it's all too late. If yours is one of them, here's a handy guide on dissolution and what follows.

==========================================================

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19-Jan-2009 Cadwalader?s profit per point drops 38 per cent
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19-Jan-2009 Cads, Orrick get profit wake-up calls
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16-Jan-2009 Cadwalader?s profit per point drops 38 per cent
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Monday, January 19, 2009

Slaughter and Maybes

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LAWYER NEWS DAILY - 19/01/2009
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Slaughter and Maybes
----------------------------------------------------------------------------------------------

Is it a bird? Is it a plane? No, it's a City of London-based law firm with a reputation for high-level corporate work and a market-leading rate of average profit per equity partner.

Okay, so Slaughter and May The Movie would be no more popular than a Charles Randell action figure, but Randell and co are nonetheless the superheroes saving the nation.

Or trying to. The firm is advising the Government on the latest bank bailout package, which the PM hopes will succeed where previous attempts to supply the banks with your money to lend it back to you at interest have failed (see story).

As well as the GBP50bn bank bailout, the firm is also advising the Treasury on its latest investment in RBS, the troubled banking giant that Joe Taxpayer last year purchased 58 per cent of, and in which he has now taken a further 12 per cent.

The deals are the latest stage in a relationship in which Slaughters has been the Treasury's legal hand-holder throughout the credit crunch, including in the original bank bailout in October (see story), and the administration of the Icelandic banks (see story).

As one poster on TheLawyer.com commented last year, "is Slaughter and May turning into a public sector firm?" Have your own say here.

Also involved in both the bailout and RBS deals was Freshfields, a mandate that must have been a welcome fillip for the firm after it was dropped from the Legal & General panel, as exclusively revealed in The Lawyer today (see story).

Still, there's bad news and there's bad news: unlike Clifford Chance and Allen & Overy, Freshfields is one magic circle firm that hasn't yet made redundancies (see story).
_______________________

Plus: Clifford Chance trumps rivals in India; Camerons seeks love in London and The Lawyer's new litigation email.

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BREAKING NEWS
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19-January-2009
Freshfields out in the cold as L&G unveils new panel
http://www.thelawyer.com/cgi-bin/item.cgi?id=136325&d=415&h=417&f=416
-----------------------------------------------------------
19-January-2009
Conveyancing slump claims Hammonds Direct, Walker Morris appointed
http://www.thelawyer.com/cgi-bin/item.cgi?id=136326&d=415&h=417&f=416
-----------------------------------------------------------
19-January-2009
Camerons in hunt for UK merger firm
http://www.thelawyer.com/cgi-bin/item.cgi?id=136327&d=415&h=417&f=416
-----------------------------------------------------------
19-January-2009
Slaughters, Freshfields advise on latest bank bailout
http://www.thelawyer.com/cgi-bin/item.cgi?id=136368&d=415&h=417&f=416
-----------------------------------------------------------
19-January-2009
BLP muscles in on Moscow law market
http://www.thelawyer.com/cgi-bin/item.cgi?id=136358&d=415&h=417&f=416
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19-January-2009
A&O becomes second magic circle firm to make layoffs
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Friday, January 16, 2009

Winner Information16/01/2009

EuroMillones Loteria S.A
Madrid, España.
--------16/01/2009---------

Attn: Winner,

WINNING PRIZE NOTIFICATION
Finally today, the result of winners of the EURO MILLONES LOTERIA
E-mail program
held on the 14TH of January 2009 was announced. Your e-mail address
attached to
a TICKET Number with REFERENCE Number drew STAR No: 00-00-00-00-00 (coded for
Security Reasons) which consequently won in the 2ND CATEGORY, you have
therefore
been approved for a lump sum pay out of ?975,000.00cents (Nine Hundred and
Seventy Five Thousand Euro).

!!!!CONGRATULATIONS!!!!
The draw was carried out through random sampling (A QUATITATIVE TECHNIQUE) in
our computerized email selection programme from a database of over 20,000,000
email addresses drawn from 53 Countries around the World.

The online draws was conducted by a random selection of email
addresses from an
exclusive list of 45,901 E-mail addresses of individuals and corporate bodies
picked by an advanced automated random computer search system from the
internet.
As such no tickets were sold but all email addresses were assigned to
different
ticket numbers for representation, identification and privacy purposes.

Electronic Mail Loteria is approved and Licensed by the International
Association of Lottery (IAL). Ensure to keep your winning information in
confidence until your award is duly processed and claimed, this is part of our
security measures to avoid double claiming or unwarranted advantage taking of
the situation by other participants or impersonators in some cases.

To begin your claim, you will have to complete a release order form which will
be enclosed in the confirmation email from the claim processing agent. Contact
the claim agent immediately via email or telephone with the information below:

EuroMillones Loteria-Claim Processing Agent

Sr. Fernaldo Alberto

Email Address: euromlsa_claimagent001@aliceadsl.fr

Telephone: +34 651 945 543

You are to send the information below to the CLAIM PROCESSING AGENT via email
for the confirmation of your winning.

1. Your full names:
2. Your address:
3. Telephone/fax numbers:
4. Occupation/age:
5. Amount won:
6. Reference Number: Not Included For Security Reasons
7. Security File Number: Not Included For Security Reasons
8. Ticket Number: Not Included For Security Reasons
9. Reconfirm Email Address:
10. Date Notified:

Note that all prize money must be claimed within two weeks. Failure to do so
your winning amount will be returned to the Ministerio De Economia Y Hacienda
as Un-claimed. In order to avoid unnecessary delays and complications please
remember to quote your Security File Number in all correspondence with
the Claim
Officer.

Yours Sincerely,
Helena Cruz
Loteria Coordinator

Note:
- All claims are nullified after 14 working days from today.
- Do inform the claims officer of any change of Names, Address and E-mail.
- All winners under the age of 18 are automatically disqualified.

********DO NOT DISCLOSE YOUR WINNING INFORMATION TO ANYONE TO AVOID DOUBLE
CLAIM*********

----------------------------------------------------------------
This message was sent using IMP, the Internet Messaging Program.

--
Este mensaje ha sido analizado por MailScanner
en busca de virus y otros contenidos peligrosos,
y se considera que está limpio.
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Lawyer News Mail-y

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LAWYER NEWS DAILY - 16/01/2009
==========================================================
Lawyer News Mail-y
----------------------------------------------------------------------------------------------

At the risk of inviting sarcasm, today's Lawyer News Daily is on the theme of unwanted emails.

Here at The Lawyer, as at any other agenda-setting market leader, we receive hundreds of the things.

Schizophrenic green-inkers? Fake-Viagra sales people? Horny cheerleaders? We get them all. But never more than when we've just done a story on a high street retailer going bust.

Things really kicked off in October after our story on Speechly Bircham being appointed to the administration of home furnishing chain MFI (see story), which attracted a deluge of letters on the subject of missing home furnishings from members of the public.

But unlike Speechly Bircham, we haven't yet had one from the shadow minister for work & pensions.

Yes, Nigel Waterson MP's role working for Eastbourne, Willingdon and East Dean extends, it seems, to writing to law firms about the whereabouts of the missing kitchens of his constituents.

For which we award him A+ for effort; but D- for good thinking.

Diplomatically, Speechly private equity partner and MFI adviser Andrew Clarke wouldn't comment. But we'd suggest that the letter doesn't say great things about the level of business expertise in the shadow cabinet.

--------------

In Monday's issue of The Lawyer: the Indian market explained; new special reports on IP in fashion and Ireland; and fresh from walking out on his firm for Sonnenschein Thacher Proffitt & Wood managing partner Paul Tvetenstrand speaks out.

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BREAKING NEWS
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16-January-2009
McDermott's revenues drop 1.2 per cent
http://www.thelawyer.com/cgi-bin/item.cgi?id=136315&d=415&h=417&f=416
-----------------------------------------------------------
16-January-2009
McDermott announces associate bonuses
http://www.thelawyer.com/cgi-bin/item.cgi?id=136314&d=415&h=417&f=416
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16-January-2009
A&O to make 10 redundancies in Hong Kong
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16-January-2009
Field Fisher cuts 31 jobs as consultation ends
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-----------------------------------------------------------
16-January-2009
Ofsted to form in-house legal team
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15-January-2009
K&L Gates launches Frankfurt base with Simmons hires
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Thursday, January 15, 2009

Cads bid to save London office

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LAWYER NEWS DAILY - 15/01/2009
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Cads bid to save London office
----------------------------------------------------------------------------------------------

Yesterday, we revealed exclusively how Cadwalader Wickersham & Taft was on the verge of losing its London office.

Today, we reveal how it intends to save it (see story).

The masterplan is to send over former chairman Bob Link to lead the strategic development of the firm in Europe.

Link was credited with the rip-roaring success of Cadwalder as it rose to become one of the most profitable firms in Wall Street.

But he was also the man that was held to account when the dream turned sour (see story).

Link has inherited either a hell of a challenge or a bum deal. Cadwalader is left with some securitisation lawyers and a reputation for firing loads of associates - not the easiest platform from which to stage a recovery.

Meanwhile our story about Clifford Chance's tie-up with Indian giant AZB has led to a debate about the magic circle and its tie-ups with India's top firms on TheLawyer.com.

Is Freshfields "the biggest loser of the year"? Has Amarchand "lost out" through its relationship with Slaughters? And where does Linklaters stand? Log on to have your say.

-----------------

Plus: how to go freelance after you've been made redundant; four new insolvency special reports; Macfarlanes feels the heat; two yaks, one cow and an after-dinner Minto in this week's Tulkinghorn, and could the magic be rubbing off the circle?

Oh, and have you signed up to our brand new litigation email?

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BREAKING NEWS
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15-January-2009
K&L Gates launches Frankfurt base with Simmons hires
http://www.thelawyer.com/cgi-bin/item.cgi?id=136308&d=415&h=417&f=416
-----------------------------------------------------------
15-January-2009
Cadwalader's Bob Link to head London office after walkout
http://www.thelawyer.com/cgi-bin/item.cgi?id=136299&d=415&h=417&f=416
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15-January-2009
Links and Slaughters lead on RBS China sell off
http://www.thelawyer.com/cgi-bin/item.cgi?id=136305&d=415&h=417&f=416
-----------------------------------------------------------
15-January-2009
TfL's Gareth John takes up GC role at Sodexo
http://www.thelawyer.com/cgi-bin/item.cgi?id=136306&d=415&h=417&f=416
-----------------------------------------------------------
15-January-2009
Camerons advises RWE on E.ON joint venture
http://www.thelawyer.com/cgi-bin/item.cgi?id=136304&d=415&h=417&f=416
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14-January-2009
Lovells launches South African outsourcing pilot
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Keeping it real

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THE LAWYER IN NEW YORK - 15/01/2009
==========================================================
Keeping it Real
-----------------------------------------------------------
It's a big night tonight for Manhattan's real estate community.

Down in the Grand Ballroom of the New York Hilton on the Avenue of the Americas, hundreds of property specialists will converge for the Real Estate Board of New York's 113th annual banquet.

The event is a magnet for lawyers and, traditionally, Cadwalader is one of the firms that likes to throw its own associated shindig. This year, the partners may be huddling together for solidarity.

Twelve months ago, Cadwalader started the year with a bang by laying off 35 associates. Not to be outdone, it's repeated the trick this year by losing virtually all of its London office to Paul Hastings (see story). This is a firm that just can't keep out of the headlines, it seems.

The response in New York to the firm's City woes is simple. Cadwalader is only going to be able to rebuild London if the mothership - New York - is healthy. There are positive signs. The firm just secured the debtor instruction on the large Lyondell bankruptcy in the US. If it can capitalise on this and start winning a slew of significant international debtor cases there may be hope for London.

?It is crucial that this rebuilding starts at home,? says one former partner. ?If it's successful in the US, Cadwalader could potentially attract the right debtor side partners in London.?

Ifs. Buts. There are a lot of those flying around Cadwalader currently.

Anyway, The Lawyer has wangled an invite to tonight's bash and we're very much looking forward to chatting to Chris White about his plans for London (that is, if he's back from his failed attempt to persuade Michelle Duncan & co not to exit stage left).

One thing's for sure. You're unlikely to have to wait long for the next instalment in the continuing saga of Cadwalader.

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14-Jan-2009 Cravath, Davis Polk, Wachtell advise on broker mega-merger
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14-Jan-2009 Cadwalader London hit by seven-partner walk out
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13-Jan-2009 Orrick, MoFo suffer PEP falls at year-end
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13-Jan-2009 Moves roundup: 13 January 2008
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Wednesday, January 14, 2009

Cadwalader in crisis... again

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Cadwalader in crisis... again
----------------------------------------------------------------------------------------------

The walkout of the majority of Cadwalader Wickersham & Taft's London partnership, which we reported exclusively today, has been brewing for a while now (see story).

It's a nice touch that the New York big guns have flown in for crisis talks, but it's probably too little, too late. If they had shown London this much love at any point over the last two years, this might not have happened.

But Cadwalader's all about cash. And since Andrew Wilkinson left for Goldman Sachs in March 2007 (see story), London has not been billing at the sort of levels that would keep New York interested.

That's not to say that Paul Hastings is about to inherit a bunch of slackers. They make money but not massive profits. And that is what Cadwalader is all about.

Well, what it was all about until this year saw a 30 per cent drop in profits (see story).

In Michelle Duncan and Tom O'Riordan they have bagged a couple of quality litigators, and the restructuring and funds partners fit well with the times we are living in. The bulk of the securitisation group has been left behind.

The partners leave behind the snakepit politics of Cadwalader. There are unlikely to be too many management coups at Paul Hastings, which has a long-serving, genial and ambitious managing partner in Seth Zachary.

This is a big move for the West Coast firm, which has lurked slightly in the shadow of Latham & Watkins in recent years. Many more moves like this though, and it will be stepping right in to the limelight.

Also on TheLawyer.com today is our fabulous new litigation page, offering more news and features than ever, plus a weekly blog and the chance to sign up to our new Litigation Weekly email - read on.

----------

And has class escaped the diversity radar in the law? As the Law Soc and Bar Council wade into the issue, readers have their say.

Plus: insolvency heritage pays off as DLA and Hammonds clean up; how to stay sweet with the bank; new insolvency special reports; Sir Nige of DLA; drinks giant Anheuser-Busch InBev's in-houser; two yaks, one cow and an after-dinner Minto in this week's Tulkinghorn, and could the magic be rubbing off the circle?

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BREAKING NEWS
==========================================================
14-January-2009
Cadwalader London hit by seven-partner walk out
http://www.thelawyer.com/cgi-bin/item.cgi?id=136296&d=415&h=417&f=416
-----------------------------------------------------------
14-January-2009
Clifford Chance joins forces with top Indian firm
http://www.thelawyer.com/cgi-bin/item.cgi?id=136295&d=415&h=417&f=416
-----------------------------------------------------------
14-January-2009
Cravath, Davis Polk, Watchtell advise on broker mega-merger
http://www.thelawyer.com/cgi-bin/item.cgi?id=136297&d=415&h=417&f=416
-----------------------------------------------------------
13-January-2009
Macfarlanes to make up to 14 redundant
http://www.thelawyer.com/cgi-bin/item.cgi?id=136288&d=415&h=417&f=416
-----------------------------------------------------------
13-January-2009
Orrick boosts London revenue 14 per cent
http://www.thelawyer.com/cgi-bin/item.cgi?id=136292&d=415&h=417&f=416
-----------------------------------------------------------
13-January-2009
Clydes snares former Thacher Proffitt partner
http://www.thelawyer.com/cgi-bin/item.cgi?id=136291&d=415&h=417&f=416
-----------------------------------------------------------
13-January-2009
Clifford Chance boosts Abu Dhabi with NY move
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Tuesday, January 13, 2009

It's a class thing

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LAWYER NEWS DAILY - 13/01/2009
==========================================================
It's a class thing
----------------------------------------------------------------------------------------------

As we report today, the big guns at the Law Society and Bar Council are contributing to a government review of social mobility (see story).

The review targets 'middle class' sectors such as the law, architecture, medicine, the higher ranks of the army and civil service and, er, the media.

Social mobility is an entirely overlooked concern in the law in recent years, with the push on diversity having focused instead largely on gender, ethnicity and sexuality.

At The Lawyer's inaugural diversity conference two years ago, Allen & Overy then-senior partner Guy Beringer refused to accept you could classify anyone on the basis of socio-economic background.

We at The Lawyer begged to differ.

Still, the issue is beginning to gain momentum. Law Society president Paul Marsh points out that "in comparison with many other occupations... the solicitors' profession has a relatively good record with respect to the entry of women and ethnic minorities".

He goes on to provide statistics for the increases in women in the profession over the last ten years and in the number of people from an ethnic minority. But the number of lawyers whose parents were poor? Nothing.

Better to be ethnic and bourgeois, perhaps, than to be Anglo-Saxon and working class.

Also, how do you feel when you're made redundant? Construction partner Anna Rabin tells us how it happened to her - and how she picked herself up and started again.

------------------------------

Plus: Sir Nige of DLA; brewing giant Anheuser-Busch InBev's Claude Bahoshy; insolvency heritage pays off as DLA and Hammonds clean up; new insolvency special reports; and two yaks, one cow and an after-dinner Minto in this week's Tulkinghorn.

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BREAKING NEWS
==========================================================
13-January-2009
Law Soc, Bar Council join govt social mobility push
http://www.thelawyer.com/cgi-bin/item.cgi?id=136283&d=415&h=417&f=416
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13-January-2009
Ashurst appointed in Land of Leather administration
http://www.thelawyer.com/cgi-bin/item.cgi?id=136281&d=415&h=417&f=416
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13-January-2009
Former Halliwells partner launches insolvency team at JMW
http://www.thelawyer.com/cgi-bin/item.cgi?id=136280&d=415&h=417&f=416
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13-January-2009
Orrick, MoFo suffer PEP falls at year-end
http://www.thelawyer.com/cgi-bin/item.cgi?id=136279&d=415&h=417&f=416
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13-January-2009
Speechly adds two partners to IP/IT team
http://www.thelawyer.com/cgi-bin/item.cgi?id=136263&d=415&h=417&f=416
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13-January-2009
Lovells unveils bribery/corruption division
http://www.thelawyer.com/cgi-bin/item.cgi?id=136262&d=415&h=417&f=416
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13-January-2009
French law specialists set up shop in Leeds
http://www.thelawyer.com/cgi-bin/item.cgi?id=136261&d=415&h=417&f=416
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Law firms from China, India & Russia to provide insight

This is your last chance to register for the Lawyer's Alliances, Networks and Partnerships conference, 19-22 Jan 09, London.

At a time when the legal sector is presented with vital opportunities in both Europe and the emerging markets - don't miss your chance to assess how to capture new market share and benchmark against the best partnership models from leading firms.

Over 2-value packed conference days, benefit from practical, real-life case studies with fresh perspectives from leaders in the industry:

Managing Partners from indigenous independent law firms in China, India, Russia, Poland and South Africa will provide insights into forming partnerships and capturing clients in their domestic markets
Cross industry perspectives from 8 General Counsel on how you can deliver a seamless global client service
Evaluate case studies of leading networks, alliances and partnerships and how to make varying levels of integration deliver the value you need

The programme for this dynamic and timely event has been researched and tailored to delve into your specific needs - covering practical, real-life case studies of firms that have tackled the same challenges you face and share with you how to unlock value from your partnerships.

Have a look at the attached event brochure for the latest rundown of expert speakers, or visit the website at www.theLawyerConferences.com

To ensure you don't miss out, book your place today by calling +44 (0) 20 7970 4770

Kind regards

Neil McKinnon
Event Manager
The Lawyer Conferences

"Networks aren't just a convenience, they're a necessity. No international firm can grow without forming part of a network"
Emilio Cuatrecasas, Chairman, Cuatrecasas (The Lawyer, 7th April)

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FINAL BEQUEST NOTICE

From: Barr Richard Baloyi Esq. {For Trustees}
Managing Partner {Baloyi Chambers}
PRETORIA SOUTH AFRICA

NOTIFICATION OF BEQUEST:

On behalf of the Trustees and Executor of the estate of Late Mrs. Elizabeth Moore, I once again try to notify you as my earlier letter was returned undelivered. I hereby attempt to reach you again by this same email address on the WILL. I wish to notify you that late Mrs. Elizabeth Moore made you a beneficiary to her WILL. She left the sum of Two Million Six Hundred Thousand Dollars (USD$2,600.000.00) to you in the codicil and last testament to her will.

This may sound strange and unbelievable to you, but it is real and true. Being a widely traveled woman, she must have been in contact with you in the past or simply you were nominated to her by one of her numerous friends abroad who wished you good. Mrs. Elizabeth Moore until her death she was a member of the Helicopter Society and the Institute of Electronic & Electrical Engineers. She was a very dedicated

Christian who loved to give out. Her great philanthropy earned her numerous awards during her lifetime. Late Mrs. Elizabeth Moore died on the 21st day of February 2006 at the age of 93 years and her WILL is now ready for execution. According to her, this money is to support her Christian activities (May her soul rest with the Lord) and to help the poor and needy.

Please if I reach, you as I am hopeful, endeavor to get back to me as soon as possible to enable me conclude my job. I hope to hear from you in no distant date. Please contact me NOW (baloyirichard@rocketmail.com)

Yours in His service,

Barr Richard Baloyi Esq.

Monday, January 12, 2009

Clifford Chance redundancies: part 3

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LAWYER NEWS DAILY - 12/01/2009
==========================================================
Clifford Chance redundancies: part 3
----------------------------------------------------------------------------------------------

Management at Clifford Chance isn't superstitious, it seems, having picked 13 employee representatives to communicate with the 900-odd staff in redundancy talks (see story).

In this latest development in the CC redundancy story, a memo to staff from HR informs them that each of the firm's six main practice areas can vote for two representatives, with an additional representative for the paralegals/bad luck.

The memo explains that the firm is having to make redundancies as "the volume of work coming into the office in many areas has reduced substantially... and the nature of work has also changed significantly" - something that if you didn't know already, you probably shouldn't be working at Clifford Chance anyway.

Gloomily, the memo continues that "this situation is expected to continue for some time to come [and] therefore we must ensure that our business is in the right shape to adapt to the new economic realities and the changing shape of our clients' businesses."

But, it's not just the clients' businesses that are changing. As we reveal today, Clifford Chance has issued a warning to partners that profit will fall by a third (see story).

Before you spare too much sympathy for the Clifford Chance partnership, consider first that the cut will take plateau partners annual pay from GBP1.32m down to GBP900,000. Which as you're probably aware, is still loads of money.

Or in the words of this week's leader "any Clifford Chance partner who is genuinely outraged at the thought of earning less than a million a year ought to be horsewhipped, preferably in front of the associates facing redundancy." Read on for more.

---------------

PS: want to know how a law firm can stay sweet with the bank? Here's how.

-----------------------------------------------------------
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==========================================================
==========================================================
BREAKING NEWS
==========================================================
12-January-2009
Clydes spends GBP45m on international growth
http://www.thelawyer.com/cgi-bin/item.cgi?id=136276&d=415&h=417&f=416
-----------------------------------------------------------
12-January-2009
Revealed: Clifford Chance redundancy details
http://www.thelawyer.com/cgi-bin/item.cgi?id=136275&d=415&h=417&f=416
-----------------------------------------------------------
12-January-2009
UK promotions down at DLA Piper
http://www.thelawyer.com/cgi-bin/item.cgi?id=136273&d=415&h=417&f=416
-----------------------------------------------------------
12-January-2009
SFO hands GC role to criminal silk
http://www.thelawyer.com/cgi-bin/item.cgi?id=136270&d=415&h=417&f=416
-----------------------------------------------------------
12-January-2009
CC warns partners: profits will plummet by a third
http://www.thelawyer.com/cgi-bin/item.cgi?id=136223&d=415&h=417&f=416
-----------------------------------------------------------
12-January-2009
Trainee retention rates defy economic crisis
http://www.thelawyer.com/cgi-bin/item.cgi?id=136224&d=415&h=417&f=416
-----------------------------------------------------------
12-January-2009
20 per cent of associates would refuse retraining
http://www.thelawyer.com/cgi-bin/item.cgi?id=136225&d=415&h=417&f=416
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European In-house Lawyer
To GBP75,000 Package

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Burges Salmon
Pensions Solicitor
Bristol

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CONFIDENTIAL.

Johannesburg , South Africa .
E-mail: michael.dave@mighty.co.za

Private and confidential

Dear Frend,
Complement of the Season, I am Mr. Michael Dave, The director of logistics in a reputable security company here in South Africa. Our firm is a security company of high repute with years of outstanding service to people of Africa especially top government officials and military leaders here in Africa. I have resolved to contact you through this medium based on business proposal that will be of mutual benefit to both of us. To be explicit and straight to the point, some time early 1997, a reputable client of ours deposited a consignment in our vault for safe keeping. And since then our client has failed to come forward to claim his consignment, which has accumulated a considerable amount of money in demurrage.

Consequently, in our bid to contact him to redeem the demurrage, which his consignment has accumulated, I discovered that, our client Mr.Kabanga Pemba was an aid to President (Mobutu Seseseko) of the federal republic of Zaire, now Democratic Republic of Congo who died on exile in Morocco after he was dethroned in the same year the consignment was entrusted into our care. Mr. Kabanga Pemba also died in an airliner that crashed in France on the 25th of July 2000. Since his death, none of his benefactors has come forward to claim the consignment with us, which means that none of his relatives or aids had any knowledge of this consignment.

Hence, out of curiosity I decided to secretly open the consignment (box) in the vault. And to my surprise I discovered that the box that was registered as treasury by the client actually contained a considerable amount of Money in United States Dollars amounting to about (US$38.4m) thirty eight million four hundred thousands United States dollars. Since this development I have been nursing plans secretly.

I am now soliciting your noble assistance to assist me receives this money in your country, as we are planning to transport the consignment through a government diplomat to the country of anyone whom we choose as the next of kin to the depositor. I have also decided that you will be entitled to 20% of the total amount, while 5% has been set aside to cover the expenses that might be incurred during the cost of this transaction. Upon my receipt of your reply confirming your willingness to assist me of this transaction, I will immediately arrange and transfer all the rights of ownership of this consignment to your name to facilitate your easy clearance and transportation of the consignment to your country.

I can be contacted on the email address: michael.dave@mighty.co.za

This transaction is 100% risk free. Please maintain absolute confidentiality on this matter.

I await your most prompt response through my above private email address. Yours faithfully,

Mr. Michael Dave.

Friday, January 9, 2009

Clifford Chance redundancies: your view

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LAWYER NEWS DAILY - 09/01/2009
==========================================================
Clifford Chance redundancies: your view
----------------------------------------------------------------------------------------------

There's only one story anyone is interested in at the moment: the goings-on at Clifford Chance. Yesterday the firm announced that it was axing up to 80 associates and putting 880 London lawyers in consultation (see story).

Your comments are coming thick and fast. On balance, Clifford Chance is coming out well, getting credit for being open about the redundancies. Other magic circle firms, by contrast, have all stated they are not making redundancies, but rumours that they're making layoffs by stealth continue.

Clifford Chance London managing partner Jeremy Sandelson had the unenviable job yesterday of speaking to each of the eight practice groups in turn, finishing off with the trainees (who are pretty much the only ones spared). Read more about that on today's Legal Job Watch blog.

In another twist, The Lawyer revealed today that the CC partner cash call was not GBP40m, as has been widely reported, but nearer GBP60m, bolstering the firm's retained capital by half (see story).

With banks getting tighter on their lending, it looks like Clifford Chance took its opportunity when it could - just when the financial chaos of the autumn was beginning.

For an insider's view of how law firms should deal with their bankers, check out William Arthur's piece on TheLawyer.com today. (Arthur used to head the professional practices team at Barclays, so he knows what he's talking about.)

And for more on these issues, see The Lawyer on Monday. And - not to pile on the misery, or anything - you can also read about the top professional negligence cases against lawyers coming up this year. What a bleak midwinter...

------------
This won't just be an uncomfortable year for Clifford Chance, as this week's leader explains. As we reveal, two thirds of partners fear for their jobs, while many senior lawyers question the law firm business model altogether.

Plus: the Hot 100; the UK top five's grip on M&A; how US firms are divided on partner promotions; why guilty firms should repay the miners, our special reports on the Iberian market and the top litigation battles of 2009.

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BREAKING NEWS
==========================================================
09-January-2009
Baker & McKenzie lays off NY associates
http://www.thelawyer.com/cgi-bin/item.cgi?id=136215&d=415&h=417&f=416
-----------------------------------------------------------
09-January-2009
Clifford Chance cash call was GBP60m
http://www.thelawyer.com/cgi-bin/item.cgi?id=136211&d=415&h=417&f=416
-----------------------------------------------------------
09-January-2009
Slaughters, Links lead on GBP444m Land Secs Trillium sell off
http://www.thelawyer.com/cgi-bin/item.cgi?id=136210&d=415&h=417&f=416
-----------------------------------------------------------
09-January-2009
Osborne Clarke revamps regional management
http://www.thelawyer.com/cgi-bin/item.cgi?id=136214&d=415&h=417&f=416
-----------------------------------------------------------
09-January-2009
Cadwalader bankruptcy chief joins Greenberg
http://www.thelawyer.com/cgi-bin/item.cgi?id=136209&d=415&h=417&f=416
-----------------------------------------------------------
09-January-2009
SRA gives green light to new-look LPC
http://www.thelawyer.com/cgi-bin/item.cgi?id=136208&d=415&h=417&f=416
-----------------------------------------------------------
09-January-2009
City consortium to fast track trainees through LPC
http://www.thelawyer.com/cgi-bin/item.cgi?id=136207&d=415&h=417&f=416
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Regulatory Counsel
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Chadwick Nott
Employment Solicitor
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Thursday, January 8, 2009

Clifford Chance: 880 face redundancy talks

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LAWYER NEWS DAILY - 08/01/2009
==========================================================
Clifford Chance: 880 face redundancy talks
----------------------------------------------------------------------------------------------

It's not altogether happy times at Clifford Chance.

As we report today, the magic circle firm is looking to make up to 80 lawyers redundant in London (see story).

UK head Jeremy Sandelson began the internal meetings this morning, kicking off - ominously for those in the department - in finance, one of the worst-hit groups over the last six months.

The cheaper newly-qualifieds have escaped the chop, but there's still a review pending for business services staff. A total of 880 people are nominally now in consultation: the biggest number yet according to our Legal Job Watch.

Clifford Chance partners are adamant that the firm has to be upfront. "I would rather do this with a transparent consultation process that treats people considerately and in accordance with the law rather than doing things surreptitiously," declares capital markets partner David Bickerton.

A debate has already started on TheLawyer.com about Clifford Chance's travails.

But the next question is: how many partners will have to go? If ten per cent of the UK assistant base is being chopped, it follows that the management is also scrutinising partnership numbers. A concern that, as we reported on Monday, is shared by some two thirds of law firm partners (see story).

After all, it wouldn't do for the leverage ratio to get out of sync - unless Clifford Chance is radically rethinking its model. A model which, as we also reported this week, increasing numbers of senior lawyers are questioning (see story).

In the meantime partners are having to stump up an average of GBP100,000 each in capital contributions. Making for not such a happy new year.

---------------------

Plus: the Hot 100; the UK top five's grip on M&A; how US firms are divided on partner promotions; why guilty firms should repay the miners, our special reports on the Iberian legal market and the top litigation battles of 2009.

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BREAKING NEWS
==========================================================
08-January-2009
Clifford Chance to make 80 London lawyers redundant
http://www.thelawyer.com/cgi-bin/item.cgi?id=136200&d=415&h=417&f=416
-----------------------------------------------------------
08-January-2009
Sonnenschein inherits IndyMac role from Thacher Proffitt
http://www.thelawyer.com/cgi-bin/item.cgi?id=136206&d=415&h=417&f=416
-----------------------------------------------------------
08-January-2009
Ashurst replaces Green on management board
http://www.thelawyer.com/cgi-bin/item.cgi?id=136199&d=415&h=417&f=416
-----------------------------------------------------------
08-January-2009
Kaplan raids BPP for professional training head
http://www.thelawyer.com/cgi-bin/item.cgi?id=136205&d=415&h=417&f=416
-----------------------------------------------------------
07-January-2009
Former Nokia IP head takes partner role at Powell Gilbert
http://www.thelawyer.com/cgi-bin/item.cgi?id=136193&d=415&h=417&f=416
-----------------------------------------------------------
07-January-2009
Indian liberalisation comes closer with LLP Act
http://www.thelawyer.com/cgi-bin/item.cgi?id=136195&d=415&h=417&f=416
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Contracts Manager
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Chadwick Nott
Employment Solicitor
West Midlands

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28th Jan 2009
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Sunshine at Sonnenschein

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THE LAWYER IN NEW YORK - 08/01/2009
==========================================================
Sunshine at Sonnenschein
-----------------------------------------------------------
Sonnenschein Nath & Rosenthal was celebrating New Year after bagging a coveted lead role on a $13.9bn M&A deal - that's big potatoes in these troubled times (see story).

Sonnenschein will be hoping that the IndyMac deal will kickstart a brighter 2009, after a dire 2008 that saw market conditions hit its core real estate and litigation practices. The firm plumbed new depths for the US legal market last summer when it laid off a then-unprecedented 124 staff.

Despite the layoffs, Sonnenschein has bounced back and celebrated the end of 2008 with a Christmas gift to itself of 100 lawyers from Thacher Proffitt & Wood.

The coup doubled the size of its New York office, and the IndyMac transaction could be a transformative one for the Chicago-based firm.

Robert Azarow, who brought the deal with him from Thacher, was one of 10 corporate partners who joined Sonnenschein in late December. Well, at least they're busy. It's unlikely the 26 former Thacher structured finance partners or the five real estate partners will be celebrating any $13.9bn deals in the near future.

But all can count themselves lucky not to be left behind at Thacher Proffitt, which is facing the prospect of dissolution and the painful process of dealing with a mountain of debt.

Without their chairman to help them through (see story).

==========================================================

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* OTHER NEWS FROM THE LAWYER *
-----------------------------------------------------------
08-Jan-2009 Sonnenschein inherits IndyMac role from Thacher Proffitt
http://ase.emv3.com/I?a=A9X7CkDzbSqEsI3Zgeb_ppLgmQ
-----------------------------------------------------------
07-Jan-2009 Moves roundup: 7 January 2008
http://ase.emv3.com/I?a=A9X7CkDzbSqEsI3Zgeb_ppPgmg
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06-Jan-2009 Nabarro hires Dechert real estate head
http://ase.emv3.com/I?a=A9X7CkDzbSqEsI3Zgeb_ppDgmw
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06-Jan-2009 Clifford Chance hires Fed Trade Commission GC
http://ase.emv3.com/I?a=A9X7CkDzbSqEsI3Zgeb_ppHgnA
-----------------------------------------------------------
06-Jan-2009 Orrick freezes associate salaries at 2008 levels
http://ase.emv3.com/I?a=A9X7CkDzbSqEsI3Zgeb_ppbgnQ
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05-Jan-2009 BLG to open in São Paulo this year
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Key step towards your global business development

Alliances, Networks and Partnerships
19-22 Jan 09, London
www.theLawyerConferences.com

The Lawyer's Alliances, Networks and Partnerships conference is a new event designed for firms that need to effectively service international clients and generate new business on a global basis.

We have enlisted an unrivalled faculty of experienced partners to ensure you get a comprehensive guide into how partnerships have been successfully used in the past and what to do in the future to take advantage of new markets, including:

Crispin Rapinet, Asia Regional Managing Partner, Lovells
José María Alonso, Managing Partner, Garrigues
Frédéric Donnedieu de Vabres, Chairman, Arsene Taxand
Dolf Segaar, Managing Partner, CMS Derks Star Busmann
Dr. Rainer Loges, Managing Partner, Gleiss Lutz Hootz Hirsch
Nigel Knowles, Managing Partner and Joint CEO, DLA Piper

With leading firms representing the emerging markets speaking, this event will prove to be a key step towards your global business development, including:

Haibin Xue, Managing Partner, Zhonglun W&D LLP (China)
Krzysztof Zakrzewski, Managing Partner, Domanski Zakrzewski Palinka (Poland)
David Lancaster, Senior Partner, Webber Wentzel (South Africa)
Bahram Vakil, Partner, AZB & Partners (India)
Ilya Nikiforov, Managing Partner, Egorov Puginsky Afanasiev & Partners (Russia)

And with our client panel, find out what clients think of your services, their key needs on an international basis, and how to go that extra mile to satisfy clients in the current market, panel includes:

David Harlock, Associate General Counsel-International, Diageo
Altaf Kara, VP, Regional General Counsel, NCH Europe
Richard Tapp, Company Secretary and Director of Legal Services, Carillion plc
Paul Neely, Head of Legal, Unilever
David Symonds, Deputy General Counsel, Tyco EMEA
Andrew Garard, Group Legal Director and General Counsel, ITV

At a time when the legal sector is presented with vital opportunities in both Europe and the emerging markets - don't miss your chance to assess how best to capture new market share and benchmark against the best partnership models from leading firms.

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Wednesday, January 7, 2009

India way

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LAWYER NEWS DAILY - 07/01/2009
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India way
----------------------------------------------------------------------------------------------

The long-awaited, much-hyped liberalisation of the Indian legal market has come a little closer, with India passing new laws that could pave the way for the Indian LLP (see story).

As things stand, Indian law firms can't have more than 20 partners under Bar Council rules, which provide a handy response for the Indian profession's handful of vastly wealthy equity partners to use, should the not-so-wealthy lawyers raise the equity question.

Here in Blighty Clifford Chance's India head Chris Wyman and the Law Society have both cautiously welcomed the move, while in India 15-equity-partner Indian major J Sagar Associates is paying lip service to it.

Behind the scenes, however, many seasoned India watchers are more sceptical, fearing that the kingmakers who have hitherto held back liberalisation of the Indian legal market will make sure that feet are dragged on progressing the LLP to law firms too.

But not one poster on TheLawyer.com, who remarks; "Non-equity lawyers outnumber equity partners by 10 to 1 if not more, and liberalisation is unavoidable," the poster writes. "India is a democracy!"

Speaking of posts, yesterday's story about a certain lawyer's meat and two veg attracted a limerick from our current favourite poster, Rob.

"A randy young lawyer named Rex, 
Once showed a young lady his ..."

Read the story for the rest here.

--------------------------

Plus: the Hot 100; the UK's top five and their grip on M&A; how US firms are divided on partner promotions; why guilty firms should repay the miners, Davenport Lyons internet piracy strategy; the top litigation battles of 2009 and new special reports on the Iberian legal market.

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lawyernewsdaily@thelawyer.com
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BREAKING NEWS
==========================================================
07-January-2009
Indian liberalisation comes closer with LLP Act
http://www.thelawyer.com/cgi-bin/item.cgi?id=136195&d=415&h=417&f=416
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07-January-2009
Herbies creates two Asian management roles
http://www.thelawyer.com/cgi-bin/item.cgi?id=136192&d=415&h=417&f=416
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07-January-2009
Former Nokia IP head takes partner role at Powell Gilbert
http://www.thelawyer.com/cgi-bin/item.cgi?id=136193&d=415&h=417&f=416
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07-January-2009
Moves roundup: 7 January 2008
http://www.thelawyer.com/cgi-bin/item.cgi?id=136191&d=415&h=417&f=416
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06-January-2009
Freeth Cartwright begins redundancy talks with 60
http://www.thelawyer.com/cgi-bin/item.cgi?id=136189&d=415&h=417&f=416
-----------------------------------------------------------
06-January-2009
Wright Hassall managing partner steps down
http://www.thelawyer.com/cgi-bin/item.cgi?id=136188&d=415&h=417&f=416
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JOBS OF THE DAY
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Chadwick Nott
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Software/Licensing/IT/Commercial
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Finance Litigation Lawyer
Leeds

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Redcliffe Training
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28th Jan 2009
London
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Tuesday, January 6, 2009

Second firm faces miners tribunal

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LAWYER NEWS DAILY - 06/01/2009
==========================================================
Second firm faces miners tribunal
----------------------------------------------------------------------------------------------

-----------

The fallout from the miners' compensation scheme is becoming major,
with the Solicitors Regulation Authority today accusing six Raleys
Solicitors partners of scamming the scheme.

The firm had 29,000 miners as clients, not all of whom are happy.

The move comes just a month after the Solicitors Disciplinary Tribunal
struck off Beresfords Solicitors partner Jim Beresford for milking payments
to sick miners under the Government's British Coal compensation scheme Which
is probably the reason a row has broken out over John Mann MP's opinion
piece in this week's edition of The Lawyer which argues it's high time
lawyers coughed up for their mistakes. See story and join the debate:
http://www.thelawyer.com/cgi-bin/item.cgi?id=136083
http://www.thelawyer.com/cgi-bin/item.cgi?id=136157

Still, miners compensation lawyers aren't the only ones to have
behaved badly.

As TheLawyer.com's Tulkinghorn reports today, a former Dickson Minto
partner has been fined GBP300 for exposing himself at a posh restaurant
in Scotland. See story:
http://www.thelawyer.com/cgi-bin/item.cgi?id=136184

Takes all sorts to make a profession, eh?

------------

Phillip Anderson won't be the only uncomfortable lawyer this year, as
this week's leader makes clear.Plus: the UK's top five and their
grip on M&A; how US firms are divided on partner promotions; the top
litigation battles of 2009, and is Davenport Lyons' internet piracy
strategy a self-defeating one?

-----------------------------------------------------------
lawyernewsdaily@thelawyer.com
==========================================================
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BREAKING NEWS
==========================================================
06-January-2009
Linklaters bags key role in Wedgwood administration
http://www.thelawyer.com/cgi-bin/item.cgi?id=136179&d=415&h=417&f=416
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05-January-2009
Nigel Knowles knighted in New Year Honours List
http://www.thelawyer.com/cgi-bin/item.cgi?id=136174&d=415&h=417&f=416
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06-January-2009
Manchester Met unveils fast-track LPC
http://www.thelawyer.com/cgi-bin/item.cgi?id=136182&d=415&h=417&f=416
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06-January-2009
Orrick freezes associate salaries at 2008 levels
http://www.thelawyer.com/cgi-bin/item.cgi?id=136181&d=415&h=417&f=416
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06-January-2009
Morgan Cole grows in Bristol with local merger
http://www.thelawyer.com/cgi-bin/item.cgi?id=136180&d=415&h=417&f=416
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05-January-2009
Students worried about securing training contracts as recession bites
http://www.thelawyer.com/cgi-bin/item.cgi?id=136178&d=415&h=417&f=416
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JOBS OF THE DAY
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Employment Lawyers

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Commercial Litigation
Oxford

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Islamic Finance - Advanced
28th Jan 2009
London
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Thacher loss

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THE LAWYER IN NEW YORK - 06/01/2009
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Thacher loss
-----------------------------------------------------------
It's been a bleak start to the year for the 100-odd Thacher Proffitt & Wood lawyers left
abandoned by their chairman right before Christmas.

For those of you who had already left for the holidays, let us remind you what actually
happened: faced with being part of a firm in a tricky financial situation Thacher Proffitt
chairman Paul Tvetenstrand and 99 of his colleagues jumped shipped for Sonnenschein Nath &
Rosenthal late last month Which was hard lines for those left behind. Not only will the
remaining lawyers have to hammer out a dissolution plan for the firm as a matter of urgency,
but they will have to do it without a number of practice group heads and, crucially, minus a
chairman.See story:
http://ase.emv3.com/I?a=A9X7CkD0wivisIz9K,biEoThKg

The brutal blow comes after Thacher Proffitt, which was hit hard by the death of structured
finance work, saw merger discussions with King & Spalding break down.

Defections are expected during such trying times, but the defection of the chairman? That's
what we call controversial. Paul Tvetenstrand will have some explaining to do.

==========================================================

-----------------------------------------------------------
mailto:matt.byrne@thelawyer.com
-----------------------------------------------------------
* OTHER NEWS FROM THE LAWYER *
-----------------------------------------------------------
06-Jan-2009 Orrick freezes associate salaries at 2008 levels
http://ase.emv3.com/I?a=A9X7CkD0wivisIz9K,biEoXhKw
-----------------------------------------------------------
05-Jan-2009 BLG to open in São Paulo this year
http://ase.emv3.com/I?a=A9X7CkD0wivisIz9K,biEnrhLA
-----------------------------------------------------------
05-Jan-2009 Senior lawyers question law firm business model
http://ase.emv3.com/I?a=A9X7CkD0wivisIz9K,biEnvhLQ
-----------------------------------------------------------
05-Jan-2009 US firms divided on partner promotions in face of
worsening economic conditions
http://ase.emv3.com/I?a=A9X7CkD0wivisIz9K,biEnjhLg
-----------------------------------------------------------
05-Jan-2009 Nigel Knowles knighted in New Year Honours List
http://ase.emv3.com/I?a=A9X7CkD0wivisIz9K,biEnnhLw
-----------------------------------------------------------
22-Dec-2008 Sonnenschein takes half of Thacher Proffitt
http://ase.emv3.com/I?a=A9X7CkD0wivisIz9K,biEn7hIA
-----------------------------------------------------------

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Monday, January 5, 2009

Nige of the Realm

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==========================================================
==========================================================
LAWYER NEWS DAILY - 05/01/2009
==========================================================
Nige of the Realm
---------------------------------------------------------------------------------------------------------
Big Nige is dead! Long live Sir Nige.

Yes, you read that right: DLA Piper supremo Nigel Knowles has received that most British of plaudits - a knighthood. See story:
http://www.thelawyer.com/cgi-bin/item.cgi?id=136174&d=415&h=417&f=416

Knowles and former Norton Rose head and City Lord Mayor David Lewis have been admitted to the ranks of Galahad, Launcelot, Bob and Alan on behalf of their services to the legal profession.

(And to the City, in Lewis' case).

Knowles has been DLA managing partner since 1996, and in that time has taken it from being a regional British law firm to being the world's largest by lawyer numbers, with offices in 28 countries and a turnover of more than a billion.

Ever the networker, Knowles has spent the last 30 years doing some serious hobnobbing, including with Prince Charles and, most recently, Barack Obama. See story:
http://www.thelawyer.com/cgi-bin/item.cgi?id=135296

Oh, and he's also keen on preserving the world he's just conquered, leading the Legal Sector Alliance initiative to tackle the law's greenhouse gas emissions. See story:
http://www.thelawyer.com/cgi-bin/item.cgi?id=136046

Not bad for the former trainee at Yorkshire firm Broomheads. Happy new year, Sir Nige.

-----------

Plus: the UK's top five and their grip on M&A; how US firms are divided on partner promotions; our look at the highs and lows of 2008 and a year of fee-slashing in our in-house review; plus Mark Abell, Star Wars, banking and theft in the year online.

And is Davenport Lyons' internet piracy strategy a self-defeating one?

-----------------------------------------------------------
lawyernewsdaily@thelawyer.com
==========================================================
==========================================================
BREAKING NEWS
==========================================================
05-January-2009
A&O duo succeed Pease as India chiefs
http://www.thelawyer.com/cgi-bin/item.cgi?id=136177&d=415&h=417&f=416
-----------------------------------------------------------
05-January-2009
BLG to open in Sao Paulo this year
http://www.thelawyer.com/cgi-bin/item.cgi?id=136176&d=415&h=417&f=416
-----------------------------------------------------------
05-January-2009
Nigel Knowles knighted in New Year Honours List
http://www.thelawyer.com/cgi-bin/item.cgi?id=136174&d=415&h=417&f=416
-----------------------------------------------------------
23-December-2008
DLA swallows Milan property boutique
http://www.thelawyer.com/cgi-bin/item.cgi?id=136140&d=415&h=417&f=416
-----------------------------------------------------------
23-December-2008
Clifford Chance revamps management committees
http://www.thelawyer.com/cgi-bin/item.cgi?id=136138&d=415&h=417&f=416
-----------------------------------------------------------
22-December-2008
Sonnenschein takes half of Thacher Proffitt
http://www.thelawyer.com/cgi-bin/item.cgi?id=136137&d=415&h=417&f=416
-----------------------------------------------------------

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JOBS OF THE DAY
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Chadwick Nott
Company/Commercial Partner
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Byte Mobile
EMEA Legal Counsel

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Chadwick Nott
Pensions Partner
London

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Islamic Finance - Advanced
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London
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