Foley & Lardner, which announced three hires earlier this month, has brought on three more lawyers in New York. Barry Mandel joins from Merrill Lynch as a partner in securities enforcement & litigation and white-collar defense. He was co-head of global litigation, employment, and regulatory affairs at the global financial services firm. Howard Margulis and Ellen Wolchek, [...]
Continue reading...Monday, April 20, 2009
The merged legal department of Bank of America and Merrill Lynch, with around 700 lawyers, is looking at pending layoffs. The bank’s lawyers are being required to reapply for their own jobs, which is invariably a precursor to cuts. Bank of America, based in Charlotte, North Carolina is the largest financial services company in the world, largest [...]
Continue reading...Monday, April 6, 2009
Milwaukee’s Gonzalez Saggio, a minority-owned law firm, is opening offices in Phoenix, Arizona and Los Angeles, California. Gonzalez Saggio represents AIG, Merrill Lynch, JP Morgan Chase and Morgan Stanley. Yikes. No wonder they’re expanding. The Phoenix office will be run by Charles Hamilton Houston III, who previously headed his own Phoenix law firm. The California office will bring [...]
Continue reading...Monday, March 23, 2009
Firms including Hyatt, Cigna, General Electric, Motorola, Merrill Lynch and Yahoo! have cut the number of attorneys in their law departments during the past year, as corporations slash budgets in the economic meltdown. This year the Association of Corporate Counsel’s membership has dropped for the first time since 2003, declining by almost 6% to 23,396 this [...]
Continue reading...Thursday, February 19, 2009
Shearman & Sterling reports a 4.9% drop in revenues to $876 million for 2008, and a 9.6% fall in profits per equity partner, to $1.665 million. Revenue per lawyer remained above the million-dollar mark. The declines posted by Shearman were similar to those reported by Skadden, Arps, Slate, Meagher & Flom, and pretty average when compared [...]
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Wednesday, May 27, 2009
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