Thompson Hine has announced its plan for a firm-wide salary cuts. The aim is to reduce base salary by $17,500. But, there is still hope. The lawyers who bill 1750 hours or more this year, will earn some or all of it back. More unpleasant news includes the firm’s announcement of layoffs. The damage? 12 associates, 5 paralegals, and 29 secretaries. But, wait, there is more: Thompson Hine also delayed the starting date for January 2010’s first-years.
Source: www.amlawdaily.typepad.com
Giles White, managing partner at Linklaters’ Asia office, is opting out of the firm and opting into an in-house position at Jardine Matheson. White has had a lengthy career with Linklaters for 21 years, 18 of which were spent as a partner. White plans to leave the firm at the end of April.
Source: www.thelawyer.com
Tags: Linklaters | Hong Kong
Allen & Overy has struck lateral gold with the hire of two restructuring attorneys. Angela Somers and John Kibler both join from Cadwalader Wickersham & Taft and both join A&O’s New York office as special counsel. This is just the beginning. Kevin O’Shea, A&O’s NY restructuring head, plans to make his practice a determining factor in the firm’s growth.
Source: www.thelawyer.com
Tags: Cadwalader, Wickersham & Taft, LLP | New York
DLA Piper’s Europe, the Middle East, and Africa (EMEA), as well as Asia, offices have reported significant growth in 2008. The combined offices increased revenue from 2007’s £503m to £584.9m. These figures are much more appealing than the US offices of 3.8 percent growth from $1.13 bn to $1.17 bn. DLA’s EMEA and Asia offices had an increase of average profit per partner of a little less than 1 percent up from £640,000 to £645,000. The US saw PEP growth of 6.4 percent from $1.21m to $1.29m.
Source: thelawyer.com
Tags: DLA Piper
Dana Levitt has taken a position with Foley & Lardner in the firm’s commercial litigation practice group. Levitt was formerly a partner with McDermott Will & Emery. She is to join the Los Angeles office.
Source: www.metnews.com
Tags: Foley & Lardner LLP | Los Angeles
Hunton & Williams has recruited Edward Fernandes from Akin Gump. Fernades will continue to practice in Austin, but will also work out of the Houston office. A major aim of his will be to grow Hunton’s litigation office, particularly in the Austin group. Fernades has much experience representing very large companies, such as Ernst & Young and Bank of America.
Source: www.austin.bizjournals.com
Tags: Akin Gump Strauss Hauer & Feld LLP | AustinPatrick Egan has had experience in planting seeds, aiding in the growth, and eventually watching a practice group flourish. Three years ago, Egan joined Fox Rothschild to start the firm’s white-collar defense practice. Now, Egan has been recruited by Wiggin & Dana to do the same with an entire office. Egan will start and lead the new Philadelphia office.
Source: www.thelawyer.com
Michael Y. Scudder, Jr. has decided to join Skadden, Arps, Slate, Meagher & Flom LLP. Scudder was a legal advisor to the George W. Bush administration. He will be located in the firm’s Chicago office.
Source: www.lawfuel.com
Tags: Skadden, Arps, Slate, Meagher & Flom, LLP
White & Case and Hong Kong dispute resolution boutique Laracy Gall have joined together in preparation for the emanate wave of corporate bankruptcies. In the face of such an economic decline, banks have limited their lending to what companies may be able to pay back. In the Asia-Specific region, excluding Japan, new loans amount to $4 billion, much less than last year’s $32 billion around the same time. Laracy Gall has 12 litigators, all of whom will work with White & Case’s banking, capital markets and private equity practice groups.
Source: www.bloomberg.com
Tags: White & Case LLP | Hong Kong
Patton Boggs has the honor of hiring Ambassador Frank G. Wisner. Wisner, who will be joining the firm in March, will focus his practice on business, political, and international law. Wisner has spent forty years as a diplomat.
Source: www.marketwatch.com
Tags: Squire Patton Boggs
