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O'Melveny & Myers' Asian expansion

O'Melveny & Myers, LLP, reinforced its Dispute Resolution Practice by expanding into the Asian market. The firm has strengthened its position by appointing several well-known attorneys to its Chinese and Japanese offices.

Michael Moser has joined the firm as a partner and will serve as co-head of the China practice along with Howard Chao. Formerly the head of Freshfields Bruckhaus Deringer's Greater China practice, he frequently acts as arbitrator or counsel in Chinese-foreign business disputes in Asia, Europe and the U.S. Joining the firm as partners in Japan are Yoji Maeda and Yuki Terazawa, experienced Japanese litigators.

The firm stands committed to diversity and to promoting equal and nondiscriminatory opportunities. It ranked 16th in lawyer diversity in the National Law Journal's list of the top-250 firms.

05-25-2006

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Milbank and Davis Polk advise on Indian IPO

The international law firm Milbank, Tweed, Hadley & McCloy, LLP, and Davis Polk & Wardwell have advised the underwriters of India's largest ever initial public offering by Reliance Petroleum Limited, which netted $600 million.

Reliance Petroleum Limited, a part of Reliance Industries, the largest business group in India, is setting up the world's largest refinery complex and polypropylene plant in a Special Economic Zone in the state of Gujarat in western India, near the Pakistan border.

05-25-2006

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In the event of an emergency

Based on the alarming forecast issued earlier this year by the National Hurricane Center for the upcoming 2006 hurricane season, New Orleans law firm Stone Pigman Walther Wittmann, LLC, has announced that they are relying on Neverfail's high-availability and disaster recovery software to protect the sensitive legal data of the firm.

Previously, firms were left to rely on tape backups to protect their data. Stone Pigman is banking on Neverfail as a failsafe. The New Orleans firm is an important resource for national corporations doing business in the Gulf South.

The Neverfail Group is a leading global software company providing affordable data protection, "cluster-class" high application availability and disaster recovery solutions for the Windows-based technology platform.

05-25-2006

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Cleary's international clout

Cleary Gottlieb Steen & Hamilton has announced they will be advising Euronext, the first genuinely cross-border exchange organization in Europe, on multi-billion dollar bids.

Euronext N.V. provides services for regulated stock and derivatives markets in Belgium, France, the Netherlands and Portugal, as well as in the UK (derivatives only). It is Europe's leading stock exchange based on trading volumes on the central order book.

Cleary has landed numerous lead roles in high-profile international transaction in the past few months, including the £5.5 billion London float of Russian oil giant Rosneft. It also represented Mittal Steel in its £18.2 billion bid for Luxembourg-based rival Arcelor.

Earlier this month, the firm recruited top English corporate lawyer Michael McDonald, who has been recognized by Chambers and Partners as a leading UK M&A lawyer. McDonald's appointment brings the total number of Cleary Gottlieb partners to 181. The firm placed first in completed U.S. M&A deals, with $100.8 billion in transaction volume, in the recently released Thomson Financial league tables for the first quarter of 2006. For worldwide completed deals, Cleary ranked fourth with a total of $110.2 billion in deals.

05-24-2006

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Minority hiring

For years, law firms have been investing time and resources to attract and retain minority attorneys. While progress has been slow, it has yielded an increased number of minorities at the nation's top law firms.

According to the Minority Law Journal's Diversity Scorecard, the percentage of minority associates at the 240 largest U.S. firms has grown to over 11%. The percentage of minority law firm partners increased to 5% overall. Greenberg Traurig reported the highest total number of minority partners, 57. Paul Weiss Rifkind Wharton & Garrison topped the list with 23% minority attorneys, while Wilson Sonsini Goodrich & Rosati boasts over 17%.

What remains clear is that the top U.S. firms still have a long way to go to promote diversity within their ranks.

05-24-2006

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U.S. Supreme Court goes electronic

After many years of using a traditional paper filing system, the Supreme Court approved several proposed amendments to the Federal Rules of Civil Procedure to accommodate electronic discovery. The new rules and amendments include revisions and additions to Rules 16, 26, 33, 34, 37 and 45, as well as Form 35.

05-24-2006

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Huge profits for Linklaters

According to the latest studies, Linklaters leads the pack in profits per equity partner among UK firms. It demolished the competition, posting a 26% rise in average profits per equity partner. In total, the firm billed $1.6 million for the last financial year.

Outperforming its budgetary projections by 19%, the impressive financial results will also benefit the staff in terms of their pay. All Linklaters staff in London will receive a bonus on top of the salary increases offered earlier in the year.

Earlier, a Bloomberg survey found Linklaters to be the most productive of London's 20 largest law firms, generating 24% more in fees per employee than chief competitor Clifford Chance LLP.

05-23-2006

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