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January 26, 2010 | International Edition

CC litigator takes up new role as London IP chief at Baker Botts

Clifford Chance (CC) has lost its last dedicated intellectual property (IP) litigator in London with the departure of Peter Taylor to Baker Botts. Taylor joined the US firm's London office in November after serving more than a decade as a partner at the magic circle giant.
2 minute read
January 21, 2010 | International Edition

No more baby steps

Nothing was ordinary about the first civil trial stemming from Pfizer's controversial epilepsy treatment, Neurontin. Both sides loudly complained about witness intimidation. Colourful plaintiffs lawyer Mark Lanier opened to the jury one day, then settled the next after an anonymous donor deposited $50,000 (£31,000) into an account for the alleged victim's daughter. And at the defence table, high-powered product liability specialists from three separate firms worked as though they were partners - and all on a flat fee basis. "It was," says Pfizer general counsel Amy Schulman, "an extraordinary victory."
15 minute read
May 26, 2009 | International Edition

Former Lovells Mid East chief joins Baker Botts

Baker Botts has hired former Lovells Middle East head Shibeer Ahmed in a boost for its Dubai project finance practice. Ahmed joined the US firm's Dubai office earlier this month - having left Lovells at the end of April. He had co-headed Lovells' Middle East practice alongside Rahail Ali since its 2007 launch.Ahmed's practice focuses on conventional banking and infrastructure and power project finance. He also specialises in Islamic finance, in particular project, structured and syndicated financings.
2 minute read
March 23, 2009 | International Edition

Jones Day to launch in Dubai with partner duo transfer

Jones Day has launched an office in Dubai with the relocation of London-based project finance partner Arman Galledari to head the new outpost. The firm is also relocating Washington-based litigation partner Sheila Shadmand to the office, which will have six lawyers in total. One counsel and one associate are moving with Galledari from London, while another associate has been hired from US rival Baker Botts' Dubai base. The firm has also recruited a local UAE-qualified associate.The office will focus on energy, finance, arbitration and M&A work.
2 minute read
March 13, 2009 | International Edition

Sidley cuts jobs as widespread layoffs continue

Sidley Austin has laid off off 89 associates and staff attorneys as well as approximately 140 members of staff, reports The National Law Journal. The cuts, which affect the firm's US offices, are in addition to "routine departures," according to an internal memo. Sidley Austin said that it is expecting its work slowdown to continue for 12 to 18 months. "The economy continues to present unprecedented challenges to the firm and its clients," the memo said. "While the quality and diversification of our practice and our conservative financial management have put the firm in a strong position to deal with these challenges, we are not immune to the current turmoil." The memo said it would provide the departing workers with financial and job assistance, but did not specify the length of the severance package it is offering.
2 minute read
October 29, 2008 | International Edition

Loss leaders

The lawyers that shepherd their clients down the road to the White House do everything from renting office space to vetting television ads to navigating the complex financial regulations that govern campaigns. These attorneys get front-row seats at the conventions, but are they making any money?"I can assure you that I do this for a profit and for a living," says Jan Baran of Wiley Rein, who most recently represented Stephen Colbert in his short-lived presidential run and acted as general counsel for George Bush senior's 1988 campaign. "But it is a lot easier dealing with business clients that recognise the need for counsel, pay for it promptly, and in amounts that would make most politicians blanch."This time around, the lead lawyers for the remaining candidates seem to be doing just fine, thank you. According to the Center for Responsive Politics, Robert Bauer of Perkins Coie, general counsel to the Obama campaign, brought the firm close to $800,000 (£494,000) between January 2007 and July 2008. Trevor Potter of Caplin & Drysdale, general counsel for McCain, has raked in more than $400,000 (£247,000) during the same period. (The McCain campaign has made smaller payments to Bryan Cave, Dickstein Shapiro, Gibson Dunn & Crutcher and Akerman Senterfitt)."We're talking about a huge amount of money spent on a lot of innovative programming and outreach efforts," Bauer says. "At that level, there is a lot for lawyers to do."Both Bauer and Potter are loyalists. Bauer has worked for Obama since 2004, and his resume is packed with work for Democratic candidates and organisations reaching back through his 30 years of practice. Potter left his old firm, Wiley Rein, in 2001 over conflicts in his defence of the McCain-Feingold campaign finance reform act so he could continue representing the Arizona senator. Both say they have kept up with other clients to a certain degree although, as the election looms, they have devoted themselves fully to the campaign.
4 minute read
October 15, 2008 | International Edition

Global 100: Oil in the blood

In previous careers, Vinson & Elkins (V&E) lawyers were roustabouts and roughnecks - petroleum engineers, land men and oil tanker dispatchers. They anchored pipelines to the Persian Gulf bed and the Atlantic Ocean floor, to the Alaskan tundra and the West Texas plains. Their families were entrenched in this world, too. Litigator Paula Hinton toured a wellhead factory on her first date with the man who became her husband. Regulatory expert Kathleen Lake grew up napping in her family's Oldsmobile station wagon while her father and grandfather, geologists, checked hydrocarbon cores in the dust of South Texas. Carbon trading guru Larry Nettles has six close family members now or formerly in the energy business. "This is the type of 'in the blood' relationship that simply does not exist in New York or London," he says. 'Oil in the blood' is a metaphor that pops up a lot in Houston, especially at the two leading deal firms, V&E and Baker Botts. But some in London are sceptical, including the general counsel of BP, who controls as many billable hours as any oil man on the planet. "Those [law firms] that say they have oil in their veins need to be clear about the distinctive contribution they can make on a particular matter, separate from in-house counsel or other outside firms," says BP general counsel Rupert Bondy.
10 minute read
September 10, 2008 | International Edition

Enron firms land record $688m class action payout

A US district court judge has approved an award of $688m (£391m) in legal fees - the largest award in class action history - to plaintiffs lawyers that obtained $7.2bn (£4.1bn) for former Enron shareholders, reports The Am Law Daily. Judge Melinda Harmon ruled on Monday (8 September) that class counsel should receive 9.52% of the total recovery, including interest. As counsel to the suit's lead plaintiff, the Regents of the University of California, San Diego firm Coughlin Stoia Geller Rudman & Robbins is poised to pocket a substantial amount of the record legal fees.Judge Harmon called the $688m award no 'windfall,' but a "reasonable fee earned by an extraordinary group of lawyers who achieved the largest settlement fund ever despite the great odds against them."
4 minute read
August 19, 2008 | International Edition

Kirkland recruits Latham IP partner in New York

Kirkland & Ellis has bolstered its intellectual property (IP) capabilities with the hire of a patent litigation partner from US rival Latham & Watkins. Steven Cherny has joined Kirkland's IP practice group in New York after leaving Latham's IP, media and technology team in the city.Before joining Latham, he was a partner with New York IP leader Fish & Neave, which later merged with Boston-based firm Ropes & Gray in January 2005.
2 minute read
August 08, 2008 | International Edition

Kirkland becomes latest to launch in Palo Alto

Kirkland & Ellis has launched in the coveted tech market of Palo Alto, in a move that hands the Chicago-based law firm its third practice in California, writes The Am Law Daily. The firm said the move, which comes five years after Kirkland set up an office in San Francisco, was driven by the growth of its Bay Area practice."It was not an issue of space," says patent litigator Chadd Taylor, who now heads up the new branch after transferring from San Francisco. "We just want full access to the Bay Area for client relationships and recruiting."
2 minute read

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