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25 May 2009, 2:48 am
The question is: how many more layoffs will we see in the coming months.LAW FIRM LAYOFF LIST - MAY 2009Law firms that are conducting May 2009 layoffs in their U.S. offices are listed here:Sullivan & Cromwell (15-20 attorneys)Seyfarth Shaw (30 attorneys, 20 staff)Eckert Seamans (119 temp. attorneys by 7/1)Fenwick & West (15 attorneys, 7 staff)Milbank Tweed Hadley & McCloy (49 attorneys, 40 staff)Thompson & Knight (17 attorneys, 25 staff)Ruden McClosky (2 attorneys, 18… [read post]
20 May 2009, 8:22 am
In the frenzied week after Lehman Brothers filed for bankruptcy on 15 September last year, lawyers for Lehman (a group that included bankruptcy counsel at Weil Gotshal & Manges, Lehman's longtime outside counsel at Simpson Thacher & Bartlett and a team from Sullivan & Cromwell) worked around the clock with lawyers representing Barclays to arrange the sale of Lehman's prized US assets. [read post]
19 May 2009, 1:13 am
. -- filed for Chapter 11 last month, the company retained an all-star team of bankruptcy lawyers from Weil, Gotshal & Manges and Kirkland & Ellis to serve as restructuring counsel. [read post]
8 May 2009, 6:10 am
In the past few weeks, we've all marvelled at the huge amounts Jones Day, Schulte Roth & Zabel, and Weil Gotshal & Manges have billed in the country's two most-watched Chapter 11 cases (Chrysler for Jones Day and Schulte Roth, Lehman Brothers for Weil Gotshal). [read post]
6 May 2009, 8:25 am
Other firms pushed out of the top tier include Simpson Thacher & Bartlett (from number 11 to number 35); Debevoise & Plimpton (from number 14 to number 37); Weil, Gotshal & Manges (from number 16 to number 23); and Latham & Watkins (from number 17 to number 26). [read post]
4 May 2009, 4:47 pm
A U.S. trustee claims Weil, Gotshal & Manges should be barred from representing Trump Entertainment Resorts in its current bankruptcy case because the firm still represents note holders from one of the casino company's previous Chapter 11 cases. [read post]
4 May 2009, 7:44 am
The Chrysler bankruptcy may not end up being quite as lucrative as the Lehman Brothers bankruptcy, in which debtor counsel Weil Gotshal & Manges has already billed the firm $55 million. [read post]
2 May 2009, 11:45 am
He's predicting that without further significant layoffs, profits will decline 5-10%, but even at those levels, several manging partners told him he was being too optimistic. [read post]
29 Apr 2009, 2:21 pm
In the last few weeks, firms such as Goodwin Proctor, Weil, Gotshal & Manges, Orrick Herrington & Sutcliffe, and Ropes & Gray have offered incoming first-year associates the option of either a three-to-six month deferral, or a year-long internship at a nonprofit. [read post]
20 Apr 2009, 1:02 pm
Weil, Gotshal & Manges' made so much ($55 million) that its bill included $287,000 for photocopying, $200,000 for business meals and $115,000 in local transport costs. [read post]
14 Apr 2009, 6:46 am
But there's no fee drought at Weil Gotshal & Manges - the firm just applied for a whopping $55 million in compensation for its work as counsel to Lehman Brothers during the first four and a [...] [read post]