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Partnership Alternatives Gaining Acceptance at Top London Firms
Nearly two-thirds of major London firms have introduced partnership alternatives, according to Legal Week research, which shows many law firms are still wrestling with 20 percent-plus associate attrition rates. The research illustrates the rapid acceptance of partner alternatives as London firms struggle to reconcile high demand for experienced lawyers with the squeeze on partner promotions. Of those that have introduced such roles, 30 percent have done so within the last 12 months.Tinkler, Tailor, Soldier, Boss: New Corporate Pamjamdrum for MegaFirm
Clifford Chance (CC) has elected Simon Tinkler as its new London corporate head after the voting process closed yesterday (6 July).Skadden Leads on Nomura's $230 Million Lehman Purchase
Skadden Arps Slate Meagher & Flom has landed the top role advising Nomura on its $230 million acquisition of Lehman Brothers' European and Asian businesses. The firm is advising the Japanese bank from the firm's London and Hong Kong offices, with a team including Hong Kong corporate co-head Nick Norris, London restructuring partner Lynn Hiestand and London corporate partner John Adebiyi.Ineligible Pro Hac Vice Attorneys, In-House Counsel and Multijurisdictional Practitioners
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