• Legal Week

    DAC Beachcroft set to boost pay for star performers as part of far-reaching governance review

    October 26, 2017

    In addition to removing a cap on how much of the firm's profits can go into a merit pool the firm has also ushered in powers to bring in an external CEO

  • Legal Week

    Law firm bankruptcies - rescues gone wrong?

    February 22, 2011

    The email from Orrick Herrington & Sutcliffe chairman Ralph Baxter to newly-tapped Coudert Brothers chair Clyde Rankin on 12 February 2005 was short, friendly and direct: "Skip, congratulations on your election. I look forward to seeing you this week. Let's talk on Monday." The message, it turned out, wasn't just an electronic high-five from one firm leader to another. It was also the start of what evolved into talks between Baxter and Rankin about a possible merger of their firms. The email's inclusion in a lawsuit filed in December against Orrick by the administrator overseeing the bankrupt Coudert estate underscores where those talks led.