Paul Weiss is set to close its Beijing office by the end of the year, becoming the latest in a series of major US law firms to scale back operations in China. The New York-headquartered firm has had an office in Beijing since 1981, which marked its first office outside the US. The firm will …
Continue reading “Paul Weiss joins ranks of US firms scaling back in China with Beijing exit”
Kirkland & Ellis and A&O Shearman are advising Swedish battery maker Northvolt as it enters Chapter 11 restructuring proceedings, with court filings stating that a total of $5.84bn in total funded debt obligations has left the company in a ‘dire’ liquidity position.
Kirkland & Ellis has hired long-time Clifford Chance fund finance specialist Andrew Husdan as a partner in London, according to sources familiar with the matter.
It’s been an active start to the week for restructuring lateral moves in the City, as Sidley co-heads Mark Knight and Jifree Cader have joined Davis Polk, and Adam Plainer, co-chair of Dechert’s global restructuring group, has moved to DLA Piper.
‘There’s a bunch of defensive mechanisms firms are using to shore up their stars – they could be lost to Paul Weiss or some other big firm if they don’t do something,’ says one US partner of the fierce war for talent at the very top of the legal market.
McDermott Will & Emery has followed Davis Polk’s lead, raising its London trainee pay to match the highest market rates.
In my second year studying law at university, I fell in love twice. Not only did I meet my future husband, but I also did a vacation scheme at pre-merger Lovells and realised I had also found my career soulmate. Last year was quite special, as I celebrated my 30th anniversary at Hogan Lovells and …
McDermott Will & Emery has announced today (28 October) that Jason Zemmel (pictured) has joined the firm’s transactions group as a partner.
Baker McKenzie won Finance Team of the Year at the Legal Business Awards for representing project manager Oceans Finance Company in structuring and implementing the government of Ecuador’s $1.6bn debt-for-nature swap and providing $300m for the Galápagos Islands – the largest marine conservation debt conversion to date. LB spoke with partners Matthew Cox and James Tanner (pictured, …
For years, while rivals like Kirkland & Ellis, Skadden and Latham & Watkins disrupted the London legal market, Paul Weiss had bucked the global trend, practising only US law from small offices outside of its domestic heartlands. Its much-lauded English law launch last year marked a dramatic u-turn, with the firm following up with a …
Continue reading “Late bloomer: how Paul Weiss made up for lost time on the global stage”
