Having sought to upgrade its finance practice in New York since the 2010 union of Lovells and Hogan & Hartson, Hogan Lovells has made a senior hire to its Manhattan arm with the addition of Ronald Silverman from Bingham McCutchen.
Q&A: Heath Tarbert, US banking partner at A&O, talks competing for regulatory work and if US regulators are setting the pace
A year on from his move to Allen & Overy (A&O) from Weil, Gotshal & Manges, US bank regulatory head Heath Tarbert talks to Jaishree Kalia about the expanding influence of US regulators and why it’s easier for Magic Circle firms to compete for regulatory work.
Taking Manhattan: Freshfields continues New York expansion with Kirkland & Ellis hire
Magic Circle firm Freshfields Bruckhaus Deringer has bolstered its US offering again, this time enhancing its employment capability with the hire of Kirkland & Ellis partner Howard Klein in New York.
Global arbitration: French and British lawyers dominate appointments to ICSID arbitrations
Traditionally dominated by US lawyers, French and British arbitrators trumped their North American rivals last year by securing more arbitral appointments at the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).
A $2.9bn cost – US bank results reveal lenders still suffering from high legal expenses
US banks have started to announce their results for Q4 2014, revealing a large hit to balance sheets from legal expenses with JPMorgan Chase spending $1.1bn and Citigroup $2.9bn, just in the three months to 31 December 2014.
Wachtell, Skadden and Goodwin Procter take lead roles on Bank of America’s $16.6bn settlement
Wachtell, Lipton Rosen & Katz; Skadden Arps Slate Meagher & Flom and Goodwin Procter have taken the lead roles on Bank of America’s $16.6bn settlement with the US Department of Justice (DoJ), federal agencies and six US states.
GE’s top lawyer holds on to first place in compensation rankings with new entries from Blackstone and Coca Cola
The latest US general counsel (GC) compensation rankings have seen General Electric’s (GE’s) top lawyer Brackett Denniston hold on to first place despite a significantly reduced salary of $5.8m compared to 2012, as new entrants to the latest top 10 include Blackstone Group’s John Finley and Coca Cola’s John Parker. Continue reading “GE’s top lawyer holds on to first place in compensation rankings with new entries from Blackstone and Coca Cola”
Davis Polk promotes first City partner in five years
Davis Polk & Wardwell has made up its first London partner in five years with the promotion of corporate lawyer Reuven Young, in a further nod towards the investment the Wall Street firm is making in its City presence. Continue reading “Davis Polk promotes first City partner in five years”
Barclays cuts legal roster by 30% in global panel review as American firms find success
Barclays has turned to a raft of US firms, including Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins, for its preferred legal advisers as its latest panel review sees the banking group cut its legal roster by around 30% and move to a streamlined two-tier system of ‘preferred’ and ‘approved’ firms. Continue reading “Barclays cuts legal roster by 30% in global panel review as American firms find success”
Herbert Smith Freehills boosts US investigations with hire of former assistant attorney and SEC chief John O’Donnell
Herbert Smith Freehills’ (HSF’s) Manhattan office has capitalised on the US revolving door with the hire of John O’Donnell, a former assistant US attorney and branch chief in the Securities and Exchange Commission’s enforcement unit, who joins to boost the top 10 UK firm’s New York investigations division. Continue reading “Herbert Smith Freehills boosts US investigations with hire of former assistant attorney and SEC chief John O’Donnell”