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Squadron Ellenoff To Merge With
WASHINGTON, D.C.`s Hogan & Hartson has agreed to acquire 104-lawyer, New York-based Squadron Ellenoff Plesent & Sheinfeld in a deal expected to become effective at the end of February.Bingham Counsel in Bank Crisis
The firm has been asked to advise a group of bondholders from Britain's beleaguered Northern Rock bank.Major U.K. Firms Cut Back Profit Payouts Amid Tough Markets
A growing number of U.K. firms are either holding back or reducing partner profit distributions as a result of the recession. Pinsent Masons and DLA Piper have both withheld profit distributions in recent months. Pinsent has withheld its last two quarterly profit distributions, with the firm attributing the "profits distribution holiday" to a series of management responses to the recession. DLA held back its August distribution firmwide and has yet to decide on its next payment, due in November.Two Conferences: Same Time, Different Coasts
Law firm managing partners who enjoy schmoozing at power confabs will face a choice worthy of Solomon this week, as two of the year's most-anticipated law firm management conferences are both set to take place on Thursday and Friday, both at Ritz-Carlton hotels no less, but at opposite ends of the country.Malpractice Suit Reinstated Against Weil Gotshal
A Manhattan appeals court has reinstated a legal malpractice claim against Weil, Gotshal & Manges, finding that, except for the law firm's alleged conflict of interest, one of its former clients might not have suffered economic harm. A unanimous panel of the Appellate Division, 1st Department also held that the evidentiary standards for legal malpractice and breach of fiduciary duty were the same.N.Y. firm leads in deal advise despite slow year all around
Sullivan Cromwell, hired to advise on six of the 10 biggest deals in 2007, led all law firms in mergers and acquisitions for the fourth year in a row. The New York-based law firm retained its title even as the value of transactions it advised on fell 11 percent from last year to $434.3 billion. Total announced mergers and acquisitions rose 10 percent to a record $4.Trending Stories
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