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Law firm Mayer Brown lays off more lawyers
Lawyer News |
2010/04/12 09:31
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| pMayer Brown continues to hemorrhage lawyers, despite what the Chicago law firm says are encouraging signs for 2010./ppThe international firm said Thursday that laid off 28 lawyers in its U.S. offices, which represents 3 percent of the approximately 925 U.S. lawyers. The layoffs did not affect partners, only associates and lawyers known as counsel who are not on partnership track./ppMayer Brown also reduced its administrative staff by 47 people./ppThis is the third job reduction since November 2008 at Mayer Brown. The two previous rounds affected at least 78 lawyers. The firm blamed the previous downsizing on the recession, which cut demand for legal services. It said Thursday that demand has bounced back but not enough. In addition, voluntary attrition has dropped, meaning that the firm was overstaffed compared to anticipated demand for legal services this year./ppAlthough most of our practices are performing well, overall demand for legal services has not recovered fully, and in today's tight legal job market, voluntary lawyer departures have been significantly lower than our normal levels, Chairman Bert Krueger said in an e-mail to U.S. offices. A Mayer spokesman provided a copy of the e-mail but declined further comment./ppThe layoffs come as Mayer Brown partners are scheduled to gather in Chicago later this month for the firm's annual meeting./p |
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Beach, Chesapeake pay $9 million for outside legal help
Attorney Career |
2010/04/12 09:31
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pEach South Hampton Roads city has a cadre of attorneys on staff to deal with the many legal disputes that come with running a large city./ppSometimes, a case comes along that poses a potential conflict of interest, requires expertise that can't be found in-house, or just takes too much time./ppIn those scenarios, officials look outside the city attorney's office to hire a private law firm. That gets expensive./ppSaddled with long and costly legal battles, Chesapeake and Virginia Beach have paid nearly $9 million to private law firms over the past five years - more than twice the combined amount spent by Norfolk, Portsmouth and Suffolk./ppWhen we go through and see how much we have spent on outside counsel, I think we can do better, said Chesapeake Councilwoman Patricia Willis, who is a lawyer./ppCity Attorney Ronald Hallman said Chesapeake is a growing city and has faced a host of unique legal matters including opposition to a planned North Carolina landfill, the Battlefield Golf Club fly ash case, and a challenge to a police test by the U.S. Justice Department. All of these cases required specific expertise and lots of time, which equals large bills.
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BofA Merrill, Knight Capital, Franklin Templeton
Lawyer News |
2010/04/12 09:28
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| pThe following financial services industry appointments were announced on Monday. To inform us of other job changes, send an email to a href=mailto:moves@thomsonreuters.com.CONSTELLATIONmoves@thomsonreuters.com./ppCONSTELLATION/a WEALTH ADVISORS/ppThe independent multi-family investment company said it hired Christopher Smith as a principal. Smith was a director of the corporate client group at RBC Capital Markets./ppLEGAL amp; GENERAL INVESTMENT MANAGEMENT/ppChicago-based investment manager Legal amp; General Investment Management America said it hired Aaron Meder in a new role as head of U.S. pension solutions. Meder was a managing director and head of asset-liability investment solutions at UBS Global Asset Management./ppMAYER BROWN/ppThe law firm said it hired Dallas Parker from Thompson amp; Knight as a partner in its corporate and securities practice in Houston./ppFRANKLIN TEMPLETON INVESTMENTS/ppThe investment company named Adam Gorlyn vice president of its sovereign funds and supranationals group. Gorlyn worked as a portfolio specialist with the Franklin Templeton Fixed Income group./ppKNIGHT CAPITAL GROUP INC (NITE.O)/ppThe firm named Didier Bankole vice president of sales for its electronic trading group (ETG) in Europe. Bankole joins Knight from NYSE Euronext (NYX.N) where he was in charge of global account management./ppLASALLE INVESTMENT MANAGEMENT/ppLaSalle Investment Management appointed Andy Watson to the newly created role of head of core funds and separate accounts, continental Europe. Watson previously worked as international director in the company's Paris office./ppT. ROWE PRICE GROUP (TROW.O)/ppThe investment management firm named Michael Joehr as a client service executive focused on southern Europe and Switzerland. Most recently Joehr was senior relationship manager with Allianz Global Investors Europe GmbH./p |
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Curtis law firm moves D.C. office
Press Releases |
2010/03/01 10:09
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pThe D.C. office of law firm Curtis, Mallet-Prevost, Colt amp; Mosle LLP has relocated its headquarters to larger space downtown./ppThe firm said that its new location, on the top floor of 1717 Pennsylvania Ave. NW, more than doubles the size of its offices and will allow for continued expansion of its practice./ppThis relocation marks an important step in Curtis’ ongoing expansion in Washington,” said D.C. Managing Partner Daniel Lenihan./ppThe firm said that it has added four senior lawyers to its D.C. office since December 2008./ppAccording to its Web site, Curtis has three U.S. offices with 16 professionals working in Washington, five working in Houston and more than 100 based in New York. In addition, Curtis has 10 international offices.
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Law firm 'in contempt' over MP legal threat
Lawyer News |
2010/02/25 09:11
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pA leading law firm has been found in contempt of the Commons after threatening an MP with legal proceedings if he made allegations about one of its clients in the House. /ppThe Standards and Privileges Committee criticised Withers LLP for failing to realise that John Hemming, a Liberal Democrat backbencher, was protected by Parliamentary privilege. /ppThe firm of solicitors had urged the MP to withdraw what they called defamatory claims about property developer Jeremy Knight Adams. /ppThey later sought an assurance that he would not repeat the allegations in the Commons, saying that without it they would issue proceedings. /ppMr Hemming refused to give the undertaking and advised that the firm's actions might be regarded as contempt of Parliament. Withers dismissed his warning as inappropriate. /ppOnly after consulting counsel, following a further warning from Clerk of the House Malcolm Jack, did Withers accept it had been mistaken and apologised to the Commons and Mr Hemming.
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Law firm probes Skipton ceiling contract clause
Legal Center |
2010/02/25 03:12
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pLaw firm Leon Kaye has launched an investigation into the legal implications of Skipton Building Society’s decision to scrap the ceiling on its standard variable rate./ppMoney Marketing first revealed last month Skipton’s move to scrap the ceiling rate on its SVR, which had meant borrowers would not pay more than 3 per cent above the base rate./ppThe society blamed “exceptional circumstances” for removing the ceiling./ppLeon Kaye Solicitors says such clauses are normally built in to contracts to ensure the lender has some control but it is investigating whether Skipton could be in breach of the Unfair Contract Terms Act 1977./ppLeon Kaye Solicitors’ statement says: “Those borrowers who cannot switch mortgages will be exposed to significant increases in their interest payments despite taking out an SVR for added protection against such rises in the interest rate.
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