Saul Ewing is officially allied with Concord & Partners based in Beijing. Concord also has offices in Shanghai and Shenzhen. It launched in 1995. The firms will remain two separate entities with their own fee structures, but will give each other referrals and will share marketing.
Source: www.law.com
Tags: Saul Ewing LLP | Beijing
A new trend has emerged in which associates fresh out of law school are no longer allowed to bill clients the same amount as seasoned associates. Howrey, for instance, will initiate a type of training program for new associates. Their first year, associates will be able to bill clients as much as 700 hours out of 2,000. The second year, associates will be able to charge for 1,000 hours of work. The hours billed will also be half of the Howrey’s current rates.
Source: www.businessweek.com
Paul Hastings Janofsky & Walker has hired U.S. Attorney, Thomas O’Brien. He joins the firm’s Los Angeles office as partner. O’Brien will practice white-collar law.
Source: www.amlawdaily.typepad.com
Tags: Paul Hastings, LLP | Los Angeles
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
Ropes & Gray has lost Stephen Shay to the U.S. Treasury Department for which he will become the deputy assistant secretary for international tax affairs. But, the firm’s overall number will not be depleted, as Mark Popofsky joins as partner in the D.C. office. Popofsky practiced with for Kaye Scholer.
Source: www.legaltimes.typepad.com
Tags: Ropes & Gray LLP
Kirkland & Ellis has hired Patrick Nash Jr. Nash is leaving Skadden Arps Slate Meagher & Flom, where he has practiced for the last nine years. He joins Kirkland in Chicago as a partner.
Source: www.chicagotribune.com
Tags: Kirkland & Ellis LLP
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 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
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
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
