White & Case Has Dumped Venture Law in Singapore

Tuesday, March 3, 2009

White & Case has decided against its merger with Venture Law in Singapore. The two firms were previously in a formal alliance since 2003.  Before December 2008, the only way for a foreign firm to do business in Singapore was through such an alliance with a national firm.  The Singaporean Government announced last December that foreign firms are now allowed to practice on their own as long as they receive the Qualifying Foreign Law Practice license.  For this reason, many firms have ended their formal relationships with other Singaporean firms. The following firms have received their licenses: White & Case, Allen & Overy, Clifford Chance, Herbert Smith, Latham & Watkins and Norton Rose.

 

Source:  www.amlawdaily.typepad.com

 

Tags:  White & Case LLP | Singapore

Skadden and Baker in Close Chase

Tuesday, March 3, 2009

Baker & McKenzie and Skadden Arps Slate Meagher & Flom are almost head to head in terms of making the most revenue over every other US firm. Skadden Arps has retained the number one position, but Baker & McKenzie is only a mere $10 million behind in second place.  The firm was able to raise their revenue by 20 percent last year, as compared to Skadden’s mere one percent. Bakers took the honor of second place from firm Latham & Watkins, who posted a revenue drop of four percent.

 

Source:  www.thelawyer.com

 

Tags:  Skadden, Arps, Slate, Meagher & Flom LLP

Eversheds Has Lost One to In-House

Tuesday, March 3, 2009

Eversheds has lost a corporate associate to Real Estate investment fund Braemer Group.  Orla Ball, who has spent the last 12 years with Eversheds, was stationed in the firm’s Manchester office. She is now Braemer Group’s newest in-house counsel.

 

Source:  www.thelawyer.com

 

Tags:  Eversheds Sutherland

Latham & Watkins Has Personal Black Thursday

Monday, March 2, 2009

Latham & Watkins has initiated its own “black Thursday” by announcing it must cut 440 jobs across all of its offices.  The number breaks down to: 190 associates and 250 paralegals and staff.  This amounts to 12 percent of its associates and 10 percent of its staff. The offered severance packages include 6 months of salary and continued benefits.

 

Source:  www.thelawyer.com

 

Tags:  Latham & Watkins LLP

Hogan & Hartson Reports Its 2008 Figures

Thursday, February 26, 2009

Hogan & Hartson has announced its 2008 financial figures.  The firm increased their revenue by 4.8 percent, making a total of $922.5 million, as compared to 2007’s $800 million.  Profit per equity (PEP) actually fell 2 percent.  Hogan & Hartson’s 2007 PEP was $1.19 million, which fell to $1.16 million in 2008.

 

Source:  www.thelawyer.com

 

Minzt Levin Makes Big Hire

Thursday, February 26, 2009

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has boosted its Los Angeles office with a new partner hire.  Donald Urrabazo will join the litigation practice as a partner. He was formerly with Fox Rothschild LLP.

 

Source:  www.pr-inside.com

 

Tags:  Los Angeles

Gary Ticoll Plus Four

Wednesday, February 25, 2009

Gary Ticoll, along with four associates, have joined the law firm of Greenberg Traurig.  Ticoll will practice bankruptcy law out of New York in the Business Reorganization and Bankruptcy group.  He brings along associates Sohyoung Choo, Jack C. Lundstedt, Jr., Denise J. Penn and Kaitlin R. Walsh.  All mentioned previously practiced with Cadwalader, Wickersham & Taft LLP.

 

Source:  www.bankruptcy.law360.com

Tags:  Cadwalader, Wickersham & Taft LLP | New York

The Names of Partners Jumping McKee Nelson Ship Released

Wednesday, February 25, 2009

McKee Nelson has released the names of those partners departing for Ashurst.  These 11 partners are recruited by their new firm to help lead its new offices in Washington DC and New York. Those on their way to the New York office are: Douglas Bird, Eugene Ferrer, Thomas Glushko, William Gray, Steven Kopp, David Nirenberg, Patrick Quill, Michael Voldstad and Alice Yurke. Partners Richard Davis and Scott Faga are to join the Washington office.  The number of associates taken along for the ride to Ashurt has not been disclosed.

 

Source:  www.thelawyer.com

 

Tags:  New York

Study on Female Promoted Partners in 2008

Wednesday, February 25, 2009

Project for Attorney Retention (PAR) has released a study conducted from surveys of 100 US law firms.  It found that in the 2008 year, only 23 firms have a rate of 40% women promoted to partner.  14 firms did not promote one single female to partner.  Those include the following: Cadwalader, Wickersham & Taft; Cleary Gotlieb Steen & Hamilton; Dechert; Foley Hoag; Kaye Scholer; Lowenstein Sandler; Milbank, Tweed, Hadley & McCloy; Schulte Roth & Zabel; Steptoe & Johnson; Strook & Strook & Lavan; Venable; Wachtell, Lipton, Rosen & Katz; White & Case; and Willkie Farr & Gallagher. 

 

Dickstein Shapiro and Cravath, Swaine & Moore had an impressive figure; 67% of the two firm’s newly promoted partners were women in 2008.  Many firms’ new partner classes were at least 50% including:  Andrews Kurth; Arent Fox; Baker & Daniels; Bryan Cave; Hogan & Hartson; Holland & Hart; King & Spalding; Luce, Forward, Hamilton & Scripps; Simpson Thacher & Bartlett; Sullivan & Cromwell; and Wiley Rein. 

 

 

Source:  www.law.com