Mayer Brown loses its spot as Japanese bank Nomura reviews its legal panel
US firm misses out after signing up to panel in 2010 as White & Case and Slaughter and May gain new places
June 27, 2016 at 04:52 AM
2 minute read
Mayer Brown has lost its spot on Japanese bank Nomura's legal panel after a review, which saw eight new entrants.
The US firm was one of the first law firms to sign up to the panel. It originally won a hotly contested place on the bank's Europe Middle East and Africa (EMEA) legal roster in 2010, when it was first set up.
White & Case and Slaughter and May are newcomers to the bank's panel, joining established advisers such as Freshfields Bruckhaus Deringer, Linklaters and Allen & Overy.
Osborne Clarke, Travers Smith and Ashurst have also retained their panel positons.
The review kicked off in March, with firms including Herbert Smith Freehills, Milbank Tweed Hadley & McCloy and Shearman & Sterling asked to pitch.
The review was led by regional general counsel (GC) Chris Barlow. Barlow was appointed to the role in 2014, replacing Piers le Marchant who was hired as JP Morgan's EMEA GC.
The panel was last reviewed in 2013. The review saw Osborne Clarke regain its spot, having been left off in 2010, and Clifford Chance drop off the roster.
The bank's panel in 2010 marked Nomura's first attempt to rationalise its external legal counsel since it took on Lehman Brothers' European and Middle Eastern equities and investment banking businesses in 2008, alongside its Asia-Pacific operations.
Other outstanding bank panel reviews include Barclays, which is expected to announce the result of its tender process on Friday (1 July).
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
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Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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