Ashurst pulls the plug on ill-fated 2009 move into US finance law with NY restructuring

Ashurst pulls the plug on ill-fated 2009 move into US finance law with NY restructuring

Five New York-based partners left Ashurst in July for US finance firm Chapman and Cutler, with a sixth partner departing for Allen & Overy (A&O) last month.

Partners Patrick Quill, David Nirenberg, Steven Kopp, Doug Bird and Tom Glushko all left Ashurst, completing the full departure of the ten-partner team the firm hired from McKee Nelson in 2009 to launch a structured finance practice.

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CC pushes on with stateside lateral spree adding disputes trio in Washington

CC pushes on with stateside lateral spree adding disputes trio in Washington

As a season of disputes and regulatory hiring for international firms in Washington DC continues apace, Clifford Chance (CC) has continued its significant period of lateral hires in the US by adding two partners and a counsel to its Washington litigation practice.

And with the arrival of partners Joshua Berman and Glen Donath, alongside counsel Joshua Fitzhugh, CC has also ensured that 40% of its 22-strong US litigation contingent are former federal prosecutors. Continue reading “CC pushes on with stateside lateral spree adding disputes trio in Washington”

‘Areas of strategic importance’: CC strengthens NY arm with two corporate veterans as US hiring push continues

‘Areas of strategic importance’: CC strengthens NY arm with two corporate veterans as US hiring push continues

As Magic Circle firms strive to bolster their US operations, Clifford Chance (CC) has announced today (19 June) that it has recruited two senior corporate lawyers in its New York arm. Continue reading “‘Areas of strategic importance’: CC strengthens NY arm with two corporate veterans as US hiring push continues”

East side story: NRF adds Manhattan credibility with projects-driven Chadbourne tie-up

East side story: NRF adds Manhattan credibility with projects-driven Chadbourne tie-up

Norton Rose Fulbright (NRF) has pulled off its second US merger, this time with New York-based Chadbourne & Parke, giving the Global 100 firm much-needed bench strength in Manhattan and project finance for what will be a $2bn-revenue firm.

The move will add considerable east coast capability to NRF, which the firm has lacked since its combination with Texas firm Fulbright & Jaworski in 2013, and is due to go live in the second quarter of 2017. The majority of Chadbourne lawyers will join NRF’s US business, while London partners are expected to join the Norton Rose Fulbright LLP within the Swiss Verein, which comprises the legacy Norton Rose business.

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NRF’s New York merger – the trade-offs of federalism

NRF’s New York merger – the trade-offs of federalism

Barely into 2017 and it has already been an eventful year for verein-based law firms, with King & Wood Mallesons meeting a painful end in Europe while, in happy contrast, Norton Rose Fulbright (NRF) has just secured its second substantive US merger in the shape of Chadbourne & Parke.

The deal hands NRF 300 lawyers and a major upgrade to its Manhattan practice, which it certainly wanted and needed. Given the federal structure of NRF, the deal is primarily a merger within its US business, marrying the legacy Fulbright & Jaworski to a firm with complementary strengths across energy, projects and finance, nicely combining Fulbright’s Texas heartlands with Chadbourne’s New York base.

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