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International Edition

Weil GM bill set to surpass Lehman charges with 'more complex matter'

Weil Gotshal & Manges looks set to earn more from the landmark bankruptcy of General Motors than it did from its mandate advising on the collapse of Lehman Brothers.
5 minute read

International Edition

Northern Ireland: 12 months of strife, but things are looking up

Twelve months ago I wrote an article in these pages attempting to predict how Northern Ireland's (NI) law firms would fare in the short and medium term. My conclusion was that initially there would be a levelling out of growth but mid-term well-balanced firms should continue to be able to grow. So, how have we done and how far off the mark was I?
4 minute read

International Edition

Greenberg in hot water over Heller representation

Greenberg Traurig is facing a malpractice investigation by the Heller Ehrman estate, according to court filings and a lawyer representing Heller's creditors committee, writes The Recorder. At issue is Greenberg's apparent failure to discover that Heller's biggest creditor, Bank of America (BoA), had terminated its security interest in the firm. Lawyers familiar with the matter say that Heller, which retained Greenberg last summer, would have had much better leverage with its banks and other creditors if it had known BoA was not a secured creditor and may have even been able to avoid bankruptcy.
3 minute read

International Edition

International firms win roles on GM restructuring

The collapse of automotive giant General Motors has handed roles to at least 15 law firms so far in one of the largest restructurings to date.
3 minute read

International Edition

Herbert Smith sets precedent with success of retail rescue

In the same week that figures from the Insolvency Service revealed company administrations grew by more than 50% during the first three months of 2009 compared to the previous year, the rescue of troubled sports retailer JJB Sports offered a glimmer of hope for companies in difficulty.
3 minute read

Legal Week

Herbert Smith sets precedent with success of retail rescue

In the same week that figures from the Insolvency Service revealed company administrations grew by more than 50% during the first three months of 2009 compared to the previous year, the rescue of troubled sports retailer JJB Sports offered a glimmer of hope for companies in difficulty.
7 minute read

International Edition

Proffitt and loss

Thacher Proffitt & Wood real estate partner Donald Simone was at his desk on the 40th floor of the World Trade Center's south tower early on 11 September, 2001, pushing to close a deal, when United Airlines Flight 175 crashed into the building about three dozen floors above."When it hit, my whole office moved," Simone recalls. With the electricity off and ceiling tiles falling, he made his way to a stairwell and then to safety.
16 minute read

International Edition

Crisis management Q&A - Radford Goodman

Companies need to act now to ensure they are prepared in the event of a trading partner becoming insolvent, warns Norton Rose litigation partner Radford Goodman.
1 minute read

International Edition

- The post-Lehman landscape: a Legal Week Wiki special

The dramatic collapse of investment banking giant Lehman Brothers rocked financial markets around the world, as the credit crunch claimed its most high-profile victim to date. The days that followed saw a flurry of action as the financial world scrambled to make sense of events. Here's how Legal Week reported the post-Lehman fallout.
7 minute read

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