After a year of arduous investigation, Anton Valukas and his Chicago based law firm, Jenner & Block, LLP, have produced a 2,200 page report regarding the bankruptcy of Lehman Brothers Holdings. The bankruptcy court appointed Valukas as an examiner to investigate what led to Lehman’s collapse and determine whether creditors could bring claims against Lehman’s estate [...]
Continue reading...Tuesday, February 2, 2010
Thomas Russo has joined AIG as general counsel and vice president of legal, compliance, regulatory and government affairs. Russo is the former general counsel of Lehman Brothers who most recently served as general counsel at Patton Boggs. Russo was offered the job at AIG earlier this month. He arrived at Patton Boggs following Lehman’s bankruptcy in [...]
Continue reading...Monday, January 11, 2010
AIG has extended an offer letter to Patton Boggs senior counsel Thomas Russo for the position of general counsel. Russo, who was general counsel at Lehman Brothers during its 2008 bankruptcy, is expected to accept pending talks between AIG and the Treasury Department’s pay czar, Kenneth Feinberg. AIG is looking for a new GC after [...]
Continue reading...Monday, August 24, 2009
Recent laterals and layoffs in the legal sector: Stuart Levy joins Sughrue Mion as of counsel in the firm’s electrical/mechanical practice group in Washington, DC. Levy spent 37 years at the Patent & Trademark Office. Most recently, he was an administrative patent judge with the Board of Patent Appeals & Interferences. His JD is from [...]
Continue reading...Wednesday, June 3, 2009
Florida’s Akerman Senterfitt has brought on eight attorneys for its Consumer Finance Litigation practice group. Charles Townsend joins from Bank of America as a Shareholder in Dallas. He was a Senior Vice President and Assistant General Counsel at the bank. He brings with him associate Joshua Bennett. Shari Turkish joins from Aurora Loan Services as Of Counsel [...]
Continue reading...Friday, May 1, 2009
Japanese industrial and financial conglomerate Nomura has cut up to 12 legal positions in London. The firm took over dissolved Lehman Brothers’ European and Middle East equities & investment banking operations, leading to redundancies. Lawyers at both Lehman and Nomura were targeted. The Tokyo bank expects more cuts. The Nomura Group saw its beginnings in Osaka in 1919. [...]
Continue reading...Monday, February 23, 2009
Am Law 100 firm Proskauer Rose’s profits per equity partner dropped 10% in 2008 to $1.4 million. Revenues increased marginally, by 1%, to $634 million. Revenue per lawyer dipped slightly to $916,000. Total headcount attorney rose slightly from 685 in 2007 to 692 in 2008. The number of equity partners was up two in 2008; 10 new [...]
Continue reading...Wednesday, February 4, 2009
Clifford Chance LLP, the world’s largest law firm by revenue, will cut its partnership ranks under a restructuring plan. The firm has asked partners to contribute £60 million ($87 million), about £150,000 each, and will cut as many as 80 lawyers in London and 26 in the US. London-based Clifford Chance has more than 600 partners. Linklaters LLP, [...]
Continue reading...Tuesday, February 3, 2009
Gross revenue at Weil, Gotshal & Manges rose slightly in 2008. The New York-based firm brought in $1.23 billion, up 4.75% from 2007. But revenue per lawyer was down 2% to just over $1 million. Weil was able to shift lawyers and resources to restructuring and related practices in the second half of the year, when corporate [...]
Continue reading...Monday, January 19, 2009
He goes by the username “Minerva,” after the Greek goddess of wisdom. He rose from anonymity in South Korea, for accurately predicting the current economic crisis. He even predicted the collapse of Lehman Brothers. Now, the 31 year old Park Dae-Sung, is charged with going too far in an online discussion. He stated that the government [...]
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Friday, March 12, 2010
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