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Chicago's Midsize Law Firms Look to Stay Independent
Midsize law firms are staking out plans for staying independent but are open to mulling merger options, following moves this past year by rivals to hook up with larger firms. Those midsize firms reject the notion that they don't have the wherewithal to meet the global needs of big corporate clients. Not maintaining offices in places such as Hong Kong and Paris helps Schiff Hardin keep its costs down, and its billing rates are 10 percent or more below those of larger firms, says managing partner Ron Safer.
Judge OKs Davis Settlement in Dewey Bankruptcy
Just over a year after Dewey & LeBoeuf capped the largest firm failure in history by filing for Chapter 11 protection, a U.S. bankruptcy judge in Manhattan has approved a $19.5 million settlement of mismanagement claims between Dewey's liquidating trustee, former chairman Steven Davis, and the firm's professional liability insurer. The settlement's approval comes as some former Dewey partners have begun making their way back onto the lateral market.Sidley Snags 11 Securities Lawyers from Bingham
Three years after joining the firm upon stepping down as FINRA's enforcement chief, Bingham McCutchen securities enforcement practice head Susan Merrill and 10 other Bingham partners are decamping to Sidley Austin in New York.
The Churn: Lateral Moves in The Am Law 200
Another Weil, Gotshal & Manges partner defects in Dallas, this time to Gibson, Dunn & Crutcher; Davis Polk & Wardwell makes a lateral hire in New York from Fried, Frank, Harris, Shriver & Jacobson; and K&L Gates expands in Australia with five recent partner additions.The Churn is constant. Please send all announcements to [email protected].The Churn: Lateral Moves in The Am Law 200
The Silicon Valley office of Bingham McCutchen adds three new corporate attorneys; two former Husch Blackwell partners join a labor and employment boutique; and the former U.S. ambassador to Romania returns to Mayer Brown. The Churn is constant. Please send all announcements to [email protected].Jones Day Steers Detroit to Chapter 9 Bankruptcy Filing
Four months after being hired to help the financially crippled city find a way out from under its mountain of debt, the firm is now taking the lead advisory role on what is poised to become the largest municipal bankruptcy in U.S. history.11 Partners Leave Bingham for Sidley
Three years after joining Bingham McCutchen as head of the securities enforcement practice after stepping down as FINRA's enforcement chief, Susan Merrill is decamping to Sidley Austin with 10 other Bingham partners, three of whom will join Merrill in the New York office, while others will establish Sidley offices in Boston and Portland, Maine.Déjà Vu for Some Firms on T-Mobile's Proposed MetroPCS Merger
Almost a year after U.S. regulators effectively scuttled AT&T's $39 billion acquisition of T-Mobile USA from Deutsche Telekom, the German telecommunications giant has agreed to merge T-Mobile with MetroPCS Communications in a deal that will create the country's fourth-largest wireless carrier. At least nine law firms, several of them veterans of the AT&T/T-Mobile antitrust fight, are advising on the complex $1.5 billion cash-and-stock transaction.
Jones Day Steers Detroit to Chapter 9 Bankruptcy Filing
Four months after being hired to help the financially crippled city find a way out from under its mountain of debt, the firm is now taking the lead advisory role on what is poised to become the largest municipal bankruptcy in U.S. history.Trending Stories
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