A number of London legal staff at fallen investment bank Lehman Brothers have been granted a temporary reprieve following Nomura's purchase of the bank's investment banking and equity divisions. As many as 14 members of staff from the bank's Canary Wharf-based documentation team had been thought likely to leave the company today (26 September) but, following Nomura's purchase, those jobs look likely to be safe for the time being.In addition, the future of the bank's equity derivatives and structured products team, headed up by Bhavesh Dattani, also looks more certain, with both legal teams likely to remain in place at least until the end of October.
September 26, 2008 at 02:33 PM
1 minute read
The original version of this story was published on Legalweek
A number of London legal staff at fallen investment bank Lehman Brothers have been granted a temporary reprieve following Nomura’s purchase of the bank’s investment banking and equity divisions.
As many as 14 members of staff from the bank’s Canary Wharf-based documentation team had been thought likely to leave the company today (26 September) but, following Nomura’s purchase, those jobs look likely to be safe for the time being.
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