Gersten Savage Brings in Bankruptcy Specialist

Gersten Savage has recruited Paul A. Rachmuth to join as partner.  Rachmuth, who specializes in bankruptcy, has dumped Reed Smith for his new firm, Gersten.  Rachmuth received his LL.M. in bankruptcy from St. John’s School of Law and earned his J.D. from Brooklyn Law.     

 

Source:  www.earthtimes.org

 

Tags:  New York

The Asia Chronicles: A Few Urgent Needs / New Offices / Better Lateral Market in First Quarter? / Layoffs

Robert here, writing from Miami, packing up for another Asia trip this weekend.

Kung Hei Fat Choi! Happy Chinese New Year!! Most firms in HK / China close their doors completely all this week for the holidays.

Here are a few pressing needs that we are working on in Asia and Middle East (there are more, but don’t want to make this a job board):

Tokyo – major US firm needs Korean speaking associates in project finance / leveraged finance practice

Dubai – major US firm needs UK qualified PE / M&A senior associate

HK / China – major US firm looking for IP senior associates / counsel / partner level (from US also considered) and would consider entire groups.

Despite an over one year long recession in US and Europe there are still a lot of new major firm offices opening up in Asia and Middle East. Although times are tough now, the long-term strategy by firms continue on in what will continue to be very important major legal markets in the future. At some firms, there is a need to build up a certain critical mass in new offices and that cannot always be accomplished by internal transfers within the firm. Here are some new offices in the past approximately 6 months (there are more opening in the next few months).

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Tags:  Asia | Hong Kong

Lovells Adds Raven in Tokyo

Lovells has added attorney Anthony Raven as a partner in Tokyo. Raven joins the energy and projects group.  Raven, previously with Herbert Smith, has had much experience in representing Japanese, as well as international clients. This makes Lovells fourth lateral in the last 12 months.

 

Source:  www.asialegalbusinessonline.com

 

Tags:  Hogan Lovells | Tokyo

Lovell’s Dubai Head Leaves the Firm

Shibeer Ahmed, Lovells’ Dubai head, is jumping ship, but to where is still a mystery. Ahmed has spent nine years with Lovells. He has not announced where he is moving, but says that it will be another firm in Dubai. He will not be accompanied by any associates from Lovells.

 

Source:  www.thelawyer.com

 

Tags:  Dubai

London Office of Weil Gotshal Has 22 Percent Increase in 2008

Weil Gotshal & Manges has announced that its London office has seen a 22 percent growth in profit during 2008. The firm’s office alone has seen a 2.3 percent increase in profit per equity . When compared to the numbers of the firm in its entirety, one can note a vast difference. The firm-wide revenue increased by only 4 percent, and the overall profit per equity partner grew by 7.5 percent.

 

Source:  www.thelawyer.com

 

Tags:  Weil, Gotshal & Manges, LLP

Clifford Chance Will Cut Partners In Future

Clifford Chance has a plan to aid in becoming the top international firm in the world. The firm will make cuts in its partnership. The numbers are not certain at the moment, and neither is whether the partners will actually vote yes to this proposition. Firm managing partner David Childs has little doubt, however. Both equity and salaried partners will be on the chopping block. Clifford Chance’s 16 percent attorney increase does not correspond to their small increase of profit since 2007.

 

Source:  www.thelawyer.com

 

Tags:  Clifford Chance LLP