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Mayer Brown Lays Off 33 Lawyers

Mayer Brown has laid off 33 lawyers today because of the poor economic climate. According to the firm’s statement: “We have asked 33 lawyers and some support and administrative staff in our US offices to leave the firm. This reduction...

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Nationwide Layoff Watch: Mayer Brown Update

Having had the opportunity to tell all affected associates, Mayer Brown is ready to publicly confirm the extent of the firm-wide layoffs that took place today: Despite the current conditions in the worldwide financial markets, Mayer Brown is having a strong year, with an increase in gross revenues. Most of our practice areas are performing well. We have benefited greatly...

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Mayer Brown and FFW cuts add to legal job woes

The UK legal industry was hit with a fresh wave of job losses today with confirmation that Mayer Brown is looking to cut 11 lawyers and Field Fisher Waterhouse has entered redundancy talks with over half of its support staff.

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Hatchet Falls on 33 Lawyers at Mayer Brown

Ah, all the news is bad. The markets are down and the law-firm layoffs continue. The latest, courtesy of Mayer Brown: Despite the current conditions in the worldwide financial markets, Mayer Brown is having a strong year, with an increase in gross revenues. Most of our practice areas are performing well. We have benefited greatly from our practice area and geographic diversity,...

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Nationwide Layoff Watch: Speculation About Mayer Brown

A tipster reported a rumor today that we've heard a couple of times over the past week and a half: Word on the street is that Mayer Brown had big layoffs today. The problem is, that was the word on the street yesterday. And Tuesday. And last week the word on the street was that Mayer Brown associates would be on the street by Friday. We've spent a lot of time sleeping on...

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Argument preview: Did Title IX displace the Constitution?

At 11 a.m. Tuesday, the Supreme Court will hear oral argument in Fitzgerald, et al., v. Barnstable School Committee, et al. (07-1125). Charles A. Rothfeld of Mayer Brown in Washington will represent the Fitzgeralds, and Kay H. Hodge of Stoneman, Chandler & Miller in Boston will represent the Barnstable school board and the school superintendent. [...]

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Heller's Erstwhile White Knight Joins Layoff Trend

Remember Mayer Brown, the big ol’ firm that was going to save Heller Ehrman from its imminent demise with a merger? Yeah, well, it turns out that they’ve got problems of their own: the Chicago-based firm said today that it...

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Large A.I.G. Holders Keen For Government to Scale Back Stake

Some of American International Group’s largest shareholders are working to convince federal officials to scale back U.S. ownership of the giant insurer as private investors step forward to inject capital, a lawyer representing investors said on Tuesday. Mickey Kantor, a partner with Mayer Brown based in Washington D.C., said the U.S. Treasury and Federal Reserve had [...]

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Assured Guaranty Ltd. Announces Definitive Agreement to Acquire Financial Security Assurance Holdings Ltd.

... the first quarter 2009. Banc of America Securities LLC acted as financial advisor to Assured and Mayer Brown LLP acted as legal counsel to Assured on this transaction. The purchase price to be paid by Assured is $722 million, consisting of $361 million in cash and 44,567,000 common shares of Assured. The purchase price is approximately 37.5% of FSAs September 30, 2008 shareholders...

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HASLAM DEFENDS COVINGTON MOVE

We’ve got a story going up on Cal Law tonight that looks at the day that really killed Heller Ehrman — the mid-September Friday when the Mayer Brown merger fell through. As the accompanying American Lawyer story makes clear, that...

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Ye olde Refco gifte still giving I

The American Lawyer has a long piece focusing on the tribulations and impending trial of Joseph P. Collins, the Mayer Brown partner and long-time Refco crime syndicate outside consigliere now facing an 11-count indictment involving multiple appearances of the word...

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The Story of the Lawyer Connected to Refco

This is a must-read article detailing the story of a senior partner from Mayer Brown facing criminal charges related to his representation of Refco. See Susan Beck, The American Lawyer, Mayer Brown and Weil, Gotshal had close ties to Refco,...

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The American Lawyer's November Issue: Wall Street's Law Firm Fallout; Why Heller Died; Mayer Brown's Refco Exposure and the 2008 Litigation Report

NEW YORK--()--This month, Incisive Media’s The American Lawyer reports on the Crash of 2008, with an inside view of partners who worked at the epicenter of the crises and evaluation of the potential impact of the crash on firms that have built their profits around Wall Street. In addition, the November issue examines three critical decisions that doomed Heller Ehrman and why Mayer Brown...

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AIG shareholders seek change in loan terms

... a group of investors claiming to represent more than 30% of the pre-collapse equity of AIG hired Mayer Brown partner Mickey Kantor to lobby the Treasury Department and other regulators to revise the rescue terms. Kantor, Commerce Secretary during the Clinton Administration, is representing major AIG investors including Legg Mason's Bill Miller, former SunAmerica chief Eli Broad and...

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Paul Clement: The LeBron James of Law Firm Recruiting

D.C. law firms are gearing up to cherry pick the best and brightest lawyers from the Bush administration, reports the NLJ , and Paul Clement seems to be the belle of the ball. Clement resigned as solicitor general in June and now resides at Georgetown University. “Paul Clement is the Holy Grail of law firm recruiting,” Evan Tager , an appellate partner at Mayer Brown’s Washington office,...