Latham's magic circle strikes, pay rises and EY's legal takeover: the best of Legal Week over the last few weeks
News, features and analysis from Legal Week over the last few weeks
August 21, 2018 at 08:01 AM
3 minute read
We may still be firmly in the middle of the summer holiday season, but there have still been plenty of big stories breaking.
Latham & Watkins has been busy striking the magic circle again as part of its ongoing bid to gain ground in the City. This time the firm has focused on infrastructure – picking up one partner apiece from both Clifford Chance and Allen & Overy.
Infrastructure PE partner Brendan Moylan is joining from CC, while Conrad Andersen is joining from A&O. US rival White & Case has also been on a recruitment spree, this time picking up partners from Cadwalader, BCLP and O'Melveny & Myers.
Elsewhere, DLA has sold its stake in alternative services provider Riverview to EY, as the Big Four continue their push into the legal services market. Legal Week's colleagues in the US took a look at why the sale was a big deal here.
Other highlights on Legal Week over the last few weeks include:
- A crack in the wall: how Wall Street's elite firms are being put to the test
- RBS to create first-ever flexible lawyer panel as Barclays reviews current providers
- Bank of England GC paid more than government legal teams top lawyers
- Eversheds Sutherland and Freshfields top growing list of UK firms registering lawyers in Ireland
- The Legal Week Innovation Awards 2018: who won what… and why
- Dealmaker: Slaughters' Richard de Carle on saving Iceland's banks, eating smoked puffin and not taking yourself too seriously
- Allen & Overy raises London salaries lifting NQ rate to £83k
- Ince senior partner Heuvels steps down from firmwide leadership role early
- CC boosts NQ pay to £91,000 as Freshfields hikes London trainee salaries by up to 6%
- Slaughters and Centrefield net roles as Premier League teams spend £1.23bn in transfer window
- I am looking forward to being more hands on again – BTs Dan Fitz on joining The Francis Crick Institute
- RPC and Clifford Chance advising as House of Fraser bought by Mike Ashley for £90m
- Forsters and Withers top Legal Week ranking of elite international private client lawyers
- Freshfields' former Manchester pioneer on moving to DWF and re-engineering law firms
- Kirkland leads as DIY retailer Homebase confirms CVA plans putting 1,500 jobs at risk
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Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
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Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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