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January 19, 2010 | International Edition

Testing the waters

Two years into the financial crisis, Am Law 200 firms continue to grapple with their response to the new reality: that's the main theme from The American Lawyer's annual Law Firm Leaders survey, which shows an increased willingness among firms to implement a smorgasbord of short-term cost-cutting measures while pondering more fundamental changes.
8 minute read
September 03, 2008 | International Edition

The single solution

On a crisp sunny day in late March, fee earners from 39 law firms gathered at the corporate headquarters of pharmaceuticals giant Pfizer, a nondescript office building a couple of blocks east of Grand Central Station in New York. The collective mood was cheerful. After all, each of the firms still had a piece of Pfizer's US litigation work. Two years earlier, the company had dumped 80% of its hundreds of outside counsel in a convergence project called P3 - the Pfizer Partnering Programme. Now, representatives from the survivors had been convened to receive an update.There was nothing surprising in what the first speaker, Sandra Phillips, head of the company's product litigation group, had to say. But the second speaker had some unexpected news to deliver. Margaret Madden (pictured right), head of Pfizer's employment law group, explained how her staff had slashed its roster of 50 outside law firms in the first phase of P3 to 10. A quick look around the room, however, revealed that just one of those employment firms was present. What happened to the other nine?
15 minute read
April 30, 2008 | International Edition

Commentary: A real American law firm lands in the Square Mile

Unlike most US firms landing blinking in the City, one problem that Quinn Emanuel Urquhart Oliver & Hedges will not have is standing out. After all, these self-consciously combative trial lawyers extraordinaire manage to stand out in their home town, having grown at staggering speed from their 1986 launch to become a top 100 US practice in just two decades. But it is far more than startling growth that the Los Angeles-based upstart is known for: it remains one of the very few law firms of any significance to focus exclusively on litigation, a focus that the firm has turned to its advantage by freeing itself from conflicts.
5 minute read
April 18, 2008 | International Edition

US Briefing: Paul Hastings malpractice suit runs

A New York judge has allowed a legal malpractice suit alleging faulty due diligence work by Paul Hastings Janofsky & Walker to proceed. Investor Ronald Katz hired the law firm to represent him in connection with a $3m investment in a company called Humitech. Katz claims the lawyers failed to determine that Humitech was not the beneficial owner of certain mineral rights he expected to obtain, and that other collateral in the form of stocks was encumbered.
5 minute read
March 19, 2008 | International Edition

Corporate Counsel: There can be only one

Little more than a year ago, Paul Smith, a partner at Eversheds, received a call from the irate head of a European law firm. Up until then, the European firm had regularly worked for Tyco International. Now, the caller informed Smith, Eversheds had just taken 37% of his Tyco business. What, he asked, did the Eversheds partner intend to do about it? As he recounts the story, Smith rolls his eyes at yet another example of a law firm failing to grasp some basic fundamentals of client service in the modern world. But the caller did have reason for concern. Smith had just led Eversheds' successful pitch to become Tyco's adviser of choice for Europe, the Middle East and Africa. At a stroke, the US security and fire business slashed its legal advisers for day-to-day matters in the region, such as commercial contracts and intellectual property, from a high point of 250 to just one. In early 2007, Tyco handed Eversheds a two-year mandate estimated to be worth more than £10m in total.
7 minute read
August 15, 2007 |

Shook Hardy shakes Camerons for double hire

US litigation firm Shook Hardy & Bacon has bagged CMS Cameron McKenna commercial partner Mark Tyler to boost its health and safety practice. Tyler, who has been a partner at Camerons since 1992, joins Shook Hardy's City arm, bringing with him senior associate Alison Newstead.
10 minute read
August 15, 2007 | International Edition

Shook Hardy shakes Camerons for double hire

US litigation firm Shook Hardy & Bacon has bagged CMS Cameron McKenna commercial partner Mark Tyler to boost its health and safety practice. Tyler, who has been a partner at Camerons since 1992, joins Shook Hardy's City arm, bringing with him senior associate Alison Newstead.
1 minute read
May 16, 2007 | International Edition

Europe rallies troops as class action brigade heads this way

Like many transatlantic trends, lawyers have long been predicting that US-style class action litigation is set to migrate to Europe but, until recently, there has been little evidence to support such wild claims.
4 minute read
December 14, 2005 | International Edition

Manches Completes Marshall Ross Tie-Up

In Brief
1 minute read
December 14, 2005 | International Edition

Manches Completes Marshall Ross Tie-Up

In Brief
1 minute read

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