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Search results for tag "Credit"

• Dewey & LeBouef's leaders explain the firm's collapse

  May 18 2012 This article gives an account of an interview in DealBook with Martin Bienenstock and L. Charles Landgraf, both of whom served as the ‘office of the Chairman’ at Dewey... more

• Doom and gloom ahead for U.S. law firms

  Oct 24 2008 U.S. consulting firm Hildebrandt predicts that profits per partner for 2008 will be flat or drop by 10%. Some law firms with significant capital markets practices will... more

• Weil Gotshal in post-crunch shake-up of City finance

  Oct 16 2008 Weil Gotshal & Manges has merged its London banking and securitisation practices, as the New York firm moves to deal with the dearth of structured finance work brought... more

• Law Firms Gear Up for Bailout-Bill Work

  Oct 15 2008 The meltdown has been good for some elite firms with New York roots and longstanding banking ties, such as Sullivan & Cromwell LLP, which has represented Lehman... more

• Simpson Thacher wins Treasury role on US bailout

  Oct 14 2008 The US Treasury Department has chosen Simpson Thacher & Bartlett as its lead legal adviser on the $700bn bailout plan from among a group of six law firms. more

• Law firms benefit as clients suffer post-Lehman jitters

  Oct 13 2008 City law firms reported unprecedented levels of activity in the last two weeks of September as financial institutions called on their legal advisers... more

• Law firms slow Asia expansion

  Oct 10 2008 The Asian legal market is starting to feel the effects of the credit crunch with partners no longer viewing the region as safe from the effects of the global downturn... more

• Banks still see law firms as good credit risks

  Oct 09 2008 Citi Private Bank official says firm loans are up 25 percent, probably to fill the cash gap from clients not paying promptly. more

• Moscow law firms feel the credit crunch

  Sep 25 2008 The impact of the credit crunch finally hit Russian law firms. Capital markets practices are taking the biggest hit after the Russian Government was last week forced... more

• Real estate M&A crisis: Just 42 transactions in Europe in 2008

  Sep 25 2008 Figures produced by Mergermarket show the extent of the downturn in real estate M&A over the last year, with Europe seeing only 42 real estate transactions, and UK... more

• Freshfields first magic circle firm to make redundancies

  Sep 22 2008 Freshfields Bruckhaus Deringer has laid off four associates in its real estate group, becoming the first magic circle firm to make redundancies. The firm’s commercial... more

• Shearman & Sterling advises on $4bn Sempra credit deal

  Aug 24 2008 Shearman & Sterling recently represented the lead arrangers in three separate credit facilities totaling over $4 billion for Sempra Energy subsidiaries. The firm... more

• UK banks and law firms slash graduate intake

  Aug 20 2008 Property and legal firms have slashed their graduate intake by up to 80 per cent as the credit crisis bites. The slowdown is also affecting graduate entry jobs in... more

• Coughlin Stoia to bring class action lawsuit against Société Générale

  Aug 01 2008 Coughlin Stoia Geller Rudman & Robbins is one one of many US law firms vying to represent disgruntled investors in the French bank Société Générale. The law firm hopes... more

• Cadwalader to Fire 96 Lawyers on Real-Estate Slowdown

  Jul 31 2008 Cadwalader, Wickersham & Taft, the New York-based law firm founded in 1792, will fire 96 salaried lawyers in the U.S. and London because of "a significant slowdown''... more

• Dickinson Dees to axe 70 staff

  Jul 16 2008 Newcastle-based Dickinson Dees is to lay off around 70 staff as the credit crunch begins to bite. The lawq firm has has started formal consultations with employees in... more

• Macfarlanes' figures hit by credit crunch

  Jun 25 2008 Macfarlanes has achieved a modest 6.7 per cent rise in revenue but failed to increase its average profit per equity partner. In the firm's latest financial results,... more

• City law firms feel the crunch as Howard Kennedy plans to cut 50 jobs

  Jun 24 2008 Howard Kennedy has become the latest UK law firm to fall victim to the credit crunch with the launch of a redundancy program threatening up to 50 jobs. more

• Trainee retention defies crunch

  Jun 17 2008 The credit crunch has failed to have an impact on trainee retention rates, with early indications from a cross-section of leading firms such as Freshfields Bruckhaus... more

• UK trainee retention rates unaffected by credit crunch

  Jun 02 2008 Freshfields has offered jobs to a decent 90% of its trainees, but Allen & Overy confirmed that only 83% of its trainees were being given the chance to qualify into... more

• Rumours of redundancies at Dechert

  Apr 28 2008 According to RollOnFriday rumours abound that Europe's first credit crunch casualties of 2008 will be at Dechert. Last month the firm showed the door to 13 of its... more

• Job hunters give credit crunch the brush off

  Apr 16 2008 Job seekers in the legal sector remain confident about securing new roles despite the continued threat of a global economic meltdown. According to `Job Pulse’ a new... more

• Bucking Trend, Law Firms Build Structured Finance Groups

  Apr 07 2008 Structured finance, which includes work related to the full spectrum of mortgage-backed securities, is the acknowledged ground zero of the current credit crisis, and... more

• Skadden and Wachtell seal Bear Stearns buyout

  Mar 18 2008 Skadden Arps Slate Meagher & Flom and Wachtell Lipton Rosen & Katz have scooped lead roles on JPMorgan Chase's acquisition of troubled investment bank Bear Stearns.... more

• London Firms to Redeploy Lawyers as Markets Shift

  Jan 27 2008 Allen & Overy is attempting to usher in a new era of flexibility among its lawyers, partly to prepare for fluctuating market conditions, marking the strongest evidence... more

• Linklaters first magic circle firm to litigate against bank since credit crunch

  Jan 21 2008 Law firms will be closely watching a move by Linklaters – which has emerged as the first magic circle firm to litigate against a bank since the credit crunch. It... more

• UK trainees avoid crunch fallout as top firms’ retention soars above 90%

  Jan 17 2008 Trainee retention rates across the UK’s elite legal profession have remained steadfast, with many firms keeping hold of more than 90% of their intake despite a sharp... more

• U.S. Law Firm Cadwalader To Lay Off 35 Attorneys

  Jan 11 2008 One of the nation's most profitable law firms announced it was laying off just under 5% of its staff due to a slowdown in some practice areas -- including those hurt... more

• UK law firms bank on emerging markets to ride out credit crunch

  Jan 08 2008 Law firms at all levels of the market are bracing themselves for an uncertain year, with management looking at geographic diversification as a means of mitigating... more

• Class-action lawsuits soar as investors try to recoup credit losses

  Dec 31 2007 The credit crunch sparked a 58 per cent rise this year in class-action lawsuits filed by American shareholders against companies and their directors, research shows.... more

• Credit Market Collapse Claims Victims as Lawyers Exit

  Nov 21 2007 New York law firms are cutting associates for the first time since 2001 as the collapse of the subprime mortgage and credit markets causes private equity deal volume... more

• Clifford Chance Lays Off Six Structured Finance Associates

  Nov 06 2007 In one of the first clear signs that slumping credit markets are causing economic pain at law firms, Clifford Chance on Monday laid off a group of associates in the... more