Jones Day Adds Finance Attorney

Jones Day has added Adam Scarrott to its ranks as Of Counsel.  Scarrott joins from CapitalSource Europe and brings with him expertise in transactional finance.  He focuses his practice on asset-based lending.

 

Source:  www.lawgazette.co

 

Tags:  Jones Day LLP

Howrey Gains an Attorney From Allen & Overy

Attorney Michael Jahnke has laterally jumped from Allen & Overy to Howrey. After spending seven years with the former, Jahnke joins the latter as a partner in the competition practice group. He focuses on aiding corporations that deal mostly with tobacco, food, energy and telecommunications.

 

Source:   www.legalweek.com

 

Tags:  Allen & Overy LLP | New York

Blake Lapthorn Embraces Merit-Based Model

Blake Lapthorn has backed away from the lockstep system towards a merit-based model.  The driving reason for this move is the major drop in its average profit per equity partner (PEP).  It fell 68 percent, from £204,000 to £65,000.  The new number is low that even some associates are earning more than the partners.   

 

Source:  www.thelawyer.com

 

Discouraging Against Law School?

The Law Society has decided to address the disparity between the number of graduating legal students and the number of training contracts available.  Law Society will launch a campaign to educate students at universities and secondary school about this disparity and the cost of legal schooling.  On one hand, this appears to be an act of kindness: spreading the facts of the hardship of becoming a lawyer at this moment.  On the other hand, some say this is an elitist act:  discouraging students from poorer families who would not be able to support them if the legal world does not.

 

Source:  www.thelawyer.com