Cadwalader’s London office has suffered a major hit with the departure of seven partners. It is most likely that all seven will be joining Paul Hastings Janofsky & Walker. The partners include: Michelle Duncan, Karl Clowry, Conor Downey, Justin Jowitt, Tom O’Riordan, Christian Parker, Charles Roberts. Cadwalader is left with four partners in London, causing the question: will it close its doors? This news follows the announcement that the firm’s partner profits decreased from $2.725m (£1.8m) to $1.88m (£1.24m), a percentage of more than 30%. Its total revenue fell 13.8%.

Source:  www.legalweek.com