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

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

Dewey & LeBouef Hemorrhaging Partners?

Less than a month has passed since three notable lawyers left for Dewey & LeBoeuf and Cooley Godward Kronish is losing yet another partner.  James Donato is joining Shearman & Sterling in San Francisco as a partner.  Donato focuses his practice on antitrust.

 

Source:  www.law.com

Shearman & Sterling Bulks Up Abu Dhabi

Shearman & Sterling is focusing on expanding its practice in Abu Dhabi.  The firm transferred three partners and seven associates to the office late last year.  Two more were sent this year, with a plan to send partner Ian Nisse in 2010.  This brings the office to 30 attorneys, up from last year’s 16.  Shearman & Sterling has been in Abu Dhabi for the last 25 years.

 

Source:  www.thelawyer.com

 

Tags:  Shearman & Sterling LLP

Two Firms Take Opposite Roads

Perkins Coie has decided to renew its lease making it clear where the firm will remain in Seattle for the next 17 years.  While Perkins Coie ignored building owners’ attempts to sway the firm into moving, Frost Brown Todd did the opposite.  Frost Brown has decided to move its office headquarters to another building in 2011.  The firm has spent the last 30 years at its old location.  

 

Source:  www.law.com