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

Lovells has created a bribery and corruption practice area. The group will be composed of dispute resolution partners. As the recession continues, it is reasonable to expect there to be an increase in such illegal dealings, as the nation becomes increasingly nervous about its financial situations. It is expected for the US government to enact a bribery bill this year.

Source: www.thelawyer.com

In the past year, litigation in the US increased by 9 percent. According to the Law 360 Litigation Alamanac, 2009 edition, this boom is due to hte growing number of cases involving antitrust and product safety, as well as employment matters. This fact is more than a mere number. It reflects the continuing importance of litigation to US corporations.

Source: www.earthtimes.org

Jones Day has launched it’s Mexico office today, merging with the firm De Ovando y Martínez del Campo, S.C. This new office, led by partner-in-charge, Ferdnando de Ovando, will focus on the following: banking, finance, real estate, capital markets, as well as international merger and acquisitions. With this new addition, Jones Day now has 31 international offices, and its first located in Latin America.

Source: www.crainscleveland.com