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Allen & Overy adds experts to New York team

Allen & Overy has appointed Howard M. Goldwasser and Lawton M. Camp as partners in its New York office. Both were previously partners in the Structured Finance Group of Orrick, Herrington & Sutcliffe LLP. The firm has praised their experience, particularly in the strategically important areas of cash and synthetic CDOs, as well as their flexibility to adapt to new products and new markets.

Howard M. Goldwasser became partner with Orrick in 1999 and has broad-ranging Japanese and U.S. securitization experience. He has represented underwriters and other arrangers, originators and issuers, credit-enhancers and investors, including ABCP conduits, in securitization transactions in Asia and the United States. He has also represented banks and non-bank lenders in a variety of financings, including project financings (construction phase and term phase), secured and unsecured financings, LBO financings and single lender and syndicated financings.

Lawton M. Camp joined Orrick in 2001 and has experience in a variety of structured finance transactions, which include collateralized loan, bond and debt obligations; synthetic collateralized debt obligations; credit card receivables; trade receivables; mutual fund fee receivables; and various derivative instruments and structured financial products.

Allen & Overy has a leading U.S. and international capital markets practice that includes one of the largest and most integrated global teams of lawyers handling derivatives, structured finance and securitizations. The move illustrates the firm's long term commitment to this practice

04-26-2006

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GrayRobinson President to continue for another 5 years

Byrd F. Marshall, Jr., President and Managing Partner of the Florida firm, GrayRobinson has received a 5-year extension on his position. As President and Managing Partner since 1992, he becomes one of the longest serving managers of one of the largest law firms in the State of Florida.

Guiding GrayRobinson through a tremendous period of growth, Marshall was recognized as one of the Top Managing Partners by Florida Trend magazine in 2005. Under his leadership, GrayRobinson emerged as a regional Central Florida firm and blossomed into a 190 attorney, 10 office firm.

A securities lawyer with experience and expertise in representing public and private companies as they address their capital needs, Marshall has acted as general counsel to New York Stock Exchange companies, American Stock Exchange companies and companies traded on NASDAQ. GrayRobinson is a full-service corporate law firm providing legal services for Fortune 500 companies, emerging businesses, lending institutions, local and state governments, major developers, entrepreneurs and individuals internationally.

04-26-2006

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The business of law school

Many law schools have implemented new professional strategies in the ten years since the American Bar Association first allowed for-profit law schools. Though still small in numbers, their approach sets for-profit law schools apart. They are constantly looking for ways to recruit the best talent and secure the best placements for their graduates. Not-for-profit institutions, including about 185 ABA-accredited institutions across the U.S., are constrained to follow suit to keep pace. The question being wrestled with is how to increase revenues without increasing tuition fees in order to satisfy demands for smaller classes and competitive facilities.

The InfiLaw System, managed by Rick Inatome, is one such institution. The institution has established itself as a leader in making legal education more responsive to the realities of new career dynamics. With a mission to establish student-centered, ABA accredited law schools, it includes Florida Coastal School of Law in Jacksonville, FL, Phoenix International School of Law in Phoenix, AZ, and its newest school, Charlotte School of Law in Charlotte, NC, scheduled to open in 2006.

04-25-2006

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Duke Law School Dean Resigns

Katharine T. Bartlett, Dean of Duke University School of Law, is stepping down, effective June 2007. After holding the position since 2000, she plans to return full time to teaching. Bartlett has contributed to the overall growth of the law school by recruiting faculty of the highest quality and attracting stronger outstanding students.

She received the Duke University Scholar/Teacher Award, 1994 and was named the A. Kenneth Pye Professor of Law in 1999. With her resignation, the search for a new dean has caught pace.

04-25-2006

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Jones Day adds Australian Law to Sydney practice

The global law firm Jones Day has announced the addition of an Australian Law practice to its office in Sydney. With an established presence in Sydney providing international transactional and securities law counseling to Australian clients, the firm has been involved in some of Australia's largest global listings, including Foster's $1 billion Rule 144A / Regulation S Notes Offering and the Promina Group's $1.2 billion IPO. The firm hopes the new Australian Law practice will enable it to better serve its native Australian clients.

Chris Ahern has joined the firm as partner from Corrs Chambers Westgarth to lead this endeavor. At Corrs, Ahern was head of its Communications Group, focusing on corporate work in the technology and telecommunication sectors.

04-25-2006

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Rising salaries in Delaware

Firms in Wilmington are on a spree of associate salary raises. Morris, Nichols, Arsht & Tunnell LLP is leading the way.

The firm, which consistently appears among the top law firms in national rankings, announced a salary hike of $10,000 for first-year associates. Annual remuneration for newcomers will move from $125,000 to $135,000. Morris Nichols also announced that it is raising salaries commensurately across the board for all its associates. Known for the significant number of cases filed and for its base of Fortune 500 clients, the firm is also recognized as a trend setter since the last wave of substantial pay hikes among Delaware-based firms had also been led by Morris Nichols back in the summer of 2004.

The same hike was announced by Young Conaway Stargatt & Taylor, LLP, on the same day. As one of the largest firms in Delaware, the firm has nearly 100 attorneys based in Wilmington.

Though no other firm has so far announced such a pay raise, Fish & Richardson, a national law firm with more than 350 lawyers, also plans to raise the starting salaries to $135,000. The firm practicing in intellectual property, litigation, and corporate law is the only firm with a truly national intellectual property practice. Not far behind, Morris, James, Hitchens & Williams LLP declared that it would increase its first-year pay to $120,000 in September.

All three of the firms paying first-years in the $135,000/year range are the highest paying firms in Delaware with a few exceptions, such as Skadden Arps, which pays its first-year associates $140,000.

04-24-2006

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Clifford Chance hires two top-notch lawyers from Paul Hasting

Two senior attorneys from Paul Hastings Janofsky & Walker have joined Clifford Chance. John P. Howitt and Ray Warman will strengthen the firm's finance and restructuring practice.

The lawyers have joined the firm as a partner and counsel, respectively. The firm specializes in financing and leasing and believes that the addition will enhance the firm's ability to handle the complex aircraft financing transactions for global clients.

John has more than 25 years experience at Paul Hastings and has represented many leading participants in the U.S. aircraft finance industry. John has been recognized as a leading lawyer in the 2005 edition of Chambers USA: America's Leading Lawyers for Business (Aviation Law), Legal Media Group's Best of the Best (Worldwide-Aviation) and the 2006 edition of The Best Lawyers in America (Equipment Leasing), among others.

Warman also focuses on aircraft finance. He was with GE Capital Aviation Service, Inc., prior to joining Paul Hasting in 2003 and, prior to that, spent 23 years in private practice as a finance lawyer at two top-tier law firms. Since the late 1970s, he has been active in the development and implementation of numerous innovative financing structures from the perspectives of equity investors, operating lessors, lenders and lessees alike.

The New York office of CC now has 300 lawyers, including 60 partners.

04-24-2006

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