The increase in bankruptcies can be well represented by the following: bankruptcy filings by businesses in Florida’s Middle District has increased by 122 percent. Firms must act accordingly by adding to their bankruptcy groups with either current associates or hiring newbies/laterals. It can be assumed that more of the same will continue in 2009.
Source: www.tampabay.bizjournals.com
Thacher Proffitt is planning closing its doors in 2009. The mortgage crisis really hurt its structured finance practice. Many other factors aided in the demise of the 160 year old firm. Attempts at merging were not successful; about 100 of its lawyers, including 40 partners, left Thacher for Sonnenschein. About 95 lawyers were left in the dust of the aftermath. Thacher Proffitt’s partners made an average of $1 million in 2007, a devastatingly 22 percentage decrease.
Source: www.bloomberg.com
Baker & McKenzie was voted Best Law Firm of the Year (in three out of five categories) in the Environmental Finance and Carbon Finance’s market survey. The firm received the best firm title in the following categories: GHG Emissions Voluntary Markets, Kyoto Project Credits, and Australasian Markets. Baker placed runner-up in two other categories: EU Emissions Trading Scheme and North American Mandatory Markets.
Source: www.lawfuel.com
Tags: Baker McKenzie
Skadden Arps Slate Meagher & Flom has lost its only Sao Paulo partner. Jonathan Bisgaier is leaving at the end of the year for Banking and Trading Group (BTG). With Bisgaier’s departure, the Sao Paulo office will be left with seven associates. Partner Paul Schnell will take over Bisgaier’s position of leading the Sao Paulo office, but will continue to be based in New York.
Source: www.thelawyer.com
Tags: Skadden, Arps, Slate, Meagher & Flom LLP | Sao Paulo
Chadbourne & Parke boosts its Moscow office with the hires of Olga Koniuhova and Jeff Browne and the transfer of current partner Jennifer Handz. Handz moves from the London to the Moscow office to focus on bank restructuring and various other banking/finance matters. New to the firm, Olga Koniuhova, joins from PricewaterhouseCoopers in Moscow. Her vast experience in mergers and acquisitions and other corporate matters will greatly aid the office. She joins as counsel. Also new to the Chadbourne’s Moscow office is Jeff Browne, who joins as a senior banking associate. He comes from Freshfields Bruckhaus Deringer.
Source: www.marketwatch.com
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It is has been recommended by its Partnership Counsel that Thelen LLP vote to dissolve the firm after 84 years. If in the majority, the firm will close its doors by or on December 1st. In the latter of 2006, Thelen merged with firm Millstein Felder & Steiner. But this merger did not save all. Three name partners, Peter Brown, Richard Raysman and Jeffrey Steiner, as well as more than 100 other attorneys have left the firm this year. Since the proposed merger between Thelen and Nixon Peabody failed, it would appear that attorneys were beginning to really sense the firm’s downfall. Partner Ellen Bastier, and Chairman Stephen O’Neal left.
Source: The Wall Street Journal
Herbert Smith is joined by Ed Baring as partner. Previously with Allen & Overy, Baring will based in Herbert Smith’s Moscow office. Baring, who focuses on project finance, will join partners Alexander Currie and John Balsdon in the fiance department.
Source: www.thelawyer.com
Tags: Herbert Smith Freehills LLP | Moscow
Sheppard, Mullin, Richter & Hampton LLP is proud to announce that corporate attorney, Kirt W. Shuldberg has joined the firm’s San Diego/Del Mar office. He devotes his practice to corporate and securities law. Previously, Shuldberg was with Heller Ehrman. He makes Sheppard’s 12th partner to join from Heller Ehrman this year.
Source: www.marketwatch.com
Tags: Sheppard, Mullin, Richter & Hampton LLP
Winston & Strawn has added Maria Rodriguez to its Los Angeles office. Rodriguez, an labor and employment litigaiton, will join as partner. She joins from Seyfarth Shaw, where she was also partner.
Source: www.losangeles.dbusinessnews.com
Tags: Winston & Strawn LLP | Los Angeles
