According to sources, Clifford Chance has lost almost 50 partners since March of this year, most from New York City and the London headquarters office. Eighteen partners have left the firm in London, and another 18 in New York. Twelve have jumped ship in Europe. Clifford Chance is restructuring, and expects to lose 90 further partners, or [...]
Continue reading...Wednesday, April 8, 2009
London Magic Circle firms Clifford Chance and Allen & Overy have delayed their 2009 partner promotions. Clifford Chance will defer this year’s promotions process until the firm completes its restructuring this Summer, which is likely to cut the firm’s partnership up to 15%. Allen & Overy is delaying its partner promotions until at least the beginning of [...]
Continue reading...Tuesday, March 3, 2009
To help find a way out of financial woes, Blockbuster has hired the law firm of Kirkland and Ellis. The video rental company, based in Dallas, Texas, said on Tuesday is bringing in Kirkland and Ellis to arrange enough financing to keep the company solvent in the middle of a worsening recession. Blockbuster spokeswoman Karen Raskopf said [...]
Continue reading...Tuesday, January 20, 2009
New York City’s Duval & Stachenfeld is laying off an undisclosed number of first and second year associates, according to a JDJournal tipster. If you know anything about what’s going on at Duvall & Stachenfeld, please contact us confidentially. Founded in 1997, Duval & Stachenfeld LLP provides legal advisory services. The firm focuses on areas such as [...]
Continue reading...Friday, December 12, 2008
Yesterday we reported that General Motors had hired Dewey LeBoeuf’s Martin Bienenstock, who worked on the Enron bankruptcy and was previously a GM lawyer. Today the ABA Journal reports that Bienenstock is “devising a speedy plan to remake the automaker into a 21st century success.” The Senate failed to reach an agreement on a $14 billion bailout [...]
Continue reading...Thursday, December 11, 2008
Timothy Pohl will leave Skadden, Arps, Slate, Meagher & Flom to become a managing director in the restructuring group at financial services firm Lazard. Pohl was one of three co-heads of Skadden’s corporate restructuring group. Last spring Skadden promoted the 42-year-old Pohl to become one of three co-heads of Skadden’s 100-lawyer corporate restructuring group, along with [...]
Continue reading...Thursday, December 11, 2008
From the AE Feldman Blog: Executive search firm, A.E. Feldman, says the surge in bankruptcies is creating opportunities for candidates with expertise in underwriting, restructuring, valuation and loan workouts. The firm says bankruptcy accountants are also in strong demand. Amid the onslaught of bankruptcies, law firms are also seeing a steady increase in need for legal [...]
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Thursday, July 9, 2009
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