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The Churn

Ashurst Partners Do About-Face, Plus More Lateral Moves

By Brian Baxter |

Paul Hastings and Gibson Dunn see two purported recruits remain at a London-based legal giant; a bevy of moves at Chadbourne & Parke, Jones Day and Quinn Emanuel; Munger Tolles makes two high-profile hires; and other notable additions from throughout The Am Law 200.

Creighton Condon.

Shearman Gambles on Wall Street Rarity: Nonequity Partners

By Susan Beck |

Shearman & Sterling's move to expand its nonequity tier will likely increase the firm's profitability, at the least in the short term. But it also carries risks.

Leslie Richards-Yellen, left, and Kathy Bowman-Williams, right.

Three Big Firms Hire New Diversity Officers

By Nell Gluckman |

Reed Smith, Hogan Lovells and Day Pitney each announced this week hires into positions designed to promote diversity within their firms.

Ex-Chadbourne Partner Seeks to Join Campbell's Gender Bias Suit

By Brian Baxter |

Jaroslawa Zelinsky Johnson, a former managing partner of Chadbourne & Parke's now-defunct Kiev office, has filed papers with a federal court in New York seeking to join a putative class action against her former firm filed in late August by current litigation partner Kerrie Campbell.

As Rates Soar, Some Firms Profit by Coming Down to Earth

By Nell Gluckman |

A new report suggests that clients rewarded firms that took a less aggressive approach to billing rate hikes.

David Frederick, left, and Stephen Tillery, right.

US Agency Paid Two Firms Over $1 Billion in Battle With Banks

By Scott Flaherty |

Kellogg Huber and Korein Tillery earned more than $1 billion in contingency fees for leadling the National Credit Union Administration's legal fight with big banks.

Eric A. Seeger. Handout photo. 2/2012

Could Fourth Quarter Usher in a Spate of Big Firm Combinations?

By Nell Gluckman |

Within the past week, at least four large firm mergers were announced, suggesting that the fourth quarter could see an uptick in activity after a slow third quarter.

Jaroslawa Z. Johnson.

Ex-Chadbourne Partner Discusses Decision to Join Gender Bias Suit

By Brian Baxter |

Jaroslawa Zelinsky Johnson, a former managing partner of Chadbourne & Parke’s defunct Kiev office, is the second named plaintiff to come forward in a $100 million gender bias suit against the firm.

As Trump's Troubles Pile Up, Lawyers Line Up

By Brian Baxter |

Marvin Putnam and Marshall Grossman, two lateral hires by Latham & Watkins and Orrick, respectively, are the latest lawyers to represent clients caught up in the traveling circus that has become Donald Trump's presidential campaign. Gibson Dunn's Ted Boutrous Jr. and Beverly Hills litigator Charles Harder have also entered the mix.

Brussels Antitrust Pro Leaves Shearman to Start Boutique

By Nell Gluckman |

Trevor Soames, a former global antitrust co-chair at Howrey who joined Shearman & Sterling’s Brussels office with four other partners in 2011, has left the firm to start his own boutique. His departure marks the latest European exit from the storied New York firm, although two other Brussels-based partners will remain at Shearman.

Lisa Ferri.

Panel Urges Big Reforms to Boost Law Firm Diversity

By Nell Gluckman |

Speakers at an event hosted by Mayer Brown in New York said that structural changes are needed to bring more women and minorities into positions of power.

Akerman Adds Ex-ACLU Lawyer, OnRamp Fellowship Recruit

By Meghan Tribe |

Sara Mandelbaum, a former staff attorney at the American Civil Liberties Union and Paul Weiss, has joined Akerman’s litigation group in New York. She is the Am Law 200 firm’s first hire from the OnRamp Fellowship, a program started in 2014 that seeks to bring women back into the workforce.

Cooley Comes Up Empty in Two Bankruptcy Cases

By Brian Baxter |

The Am Law 100 firm is owed a collective $1.57 million in fees from Implant Sciences Corp. and Sotera Wireless Inc., two companies that recently filed for Chapter 11 protection in Delaware and San Diego, respectively. A handful of other firms are also owed money by the debtors.

New York Skyline

Sheppard Mullin Snags Sichenzia Ross Founding Partner

By Brian Baxter |

Richard Friedman, the former head of New York's Sichenzia Ross Friedman Ference, has left the firm he co-founded in 1988 to join Sheppard, Mullin, Richter & Hampton. Three other partners are also making the move.

Paris, France.

Littler Doubles Down on Europe With 170-Lawyer French Merger

By Chris Johnson |

Almost exactly a year after establishing its first presence outside the Americas with a German merger, Littler has expanded its European footprint by combining with 170-lawyer French firm Fromont Briens.

Norton Rose Fulbright Chief Targets Strategy Shift

By Anna Ward |

Peter Martyr, CEO of the London-based legal giant, said he's on a mission to transform how staff and lawyers work, putting flexibility at the heart of a plan to drive global efficiency and transform the business.

Deal Watch: All About Energy and a Sanction-Free Sale

By Meghan Tribe |

Energy company acquisitions dominated the billion-dollar transactional tables last week and a big deal announced over the weekend—one specifically structured to avoid Western sanctions—has yielded roles for a half-dozen firms from the U.K. and India.

Donald Mrozek

New Hinshaw Practice Aimed at Advising Other Law Firm Leaders

By Roy Strom |

The former leader of Hinshaw & Culbertson has taken his years in management coupled with the firm's legal work on behalf of law firms to form a law firm consulting practice. Dewey & LeBoeuf's former general counsel, who joined Hinshaw last year, is part of the group.


Magic Circle Lawyering Comes to Naught as UK IPO Pulled Due to Post-Brexit Volatility

By Chris Johnson |

Lawyering by magic circle firms came to naught as the U.K.'s largest private gym chain canceled its planned IPO due to concerns over market volatility.

Canadian Lawyer, Ex-Alberta Premier Killed in Plane Crash

By Brian Baxter |

Jim Prentice, a well-respected lawyer who worked at Canada's Fraser Milner Casgrain and once served as Alberta's premier, died at 60 on Oct. 13 with three other people in a plane crash in British Columbia. Prentice was once called "the chief operating officer" of Canada by the country's former prime minister.

Zurich Switzerland.

Baker & McKenzie Bags 10-Lawyer Swiss Team

By Meghan Tribe |

Baker & McKenzie, which has had a presence in Switzerland for more than 50 years, has hired a 10-lawyer team from local firm Froriep to bolster its presence in the country's financial services center of Zurich.

George Town, Grand Cayman in the Cayman Islands

Holland & Knight Takes Lead in Cayman Fund’s Bankruptcy

By Meghan Tribe |

Two Cayman Islands-based funds controlled by Platinum Partners, a hedge fund caught up in a federal fraud probe, filed for bankruptcy Tuesday in Manhattan.

Deal Watch: Cravath Leads on Time Warner, Tobacco Mega-Mergers

By Brian Baxter and Meghan Tribe |

Christmas has come early to Cravath, Swaine & Moore. The firm is advising British American Tobacco on a $47 billion cash-and-stock bid for the remaining stake in cigarette giant Reynolds American it doesn’t already own. Meanwhile, another longtime Cravath client, Time Warner Inc., has agreed on a $108.7 billion sale to AT&T.

Joseph Sohm/Shutterstock

Trump's Campaign, Already a Boon to Lawyers, Could Serve as Litigation Fund

By Brian Baxter |

Donald Trump's presidential campaign saw its monthly legal bills hit $500,000 in September, a sum that's almost half of what former Republican presidential nominee Mitt Romney accrued in all of 2012. And come November, any unspent funds in Trump's campaign coffers could be sent to his personal foundation, or used for litigation battles.

Where Are the Women and Minorities in Global Dispute Resolution?

By Christine Simmons |

Serving on international ADR panels is nice work if you can get it. But those selected as judges are almost always men, predominantly white and disproportionately from wealthy nations.