Locke Lord Re-Elects Chairwoman Clements: Business of Law
By Elizabeth Amon – Jan 23, 2014 12:00 AM ET
Jerry Clements, the Austin, Texas-based lawyer who has headed Locke Lord LLP since 2006, was re-elected chairwoman of the firm.
Daniel Schlessinger and Bill Swanstrom were re-elected as vice chairmen.
During her tenure as firm leader, Clements oversaw the 2007 combination between Texas-based Locke Liddell & Sapp and Chicago’s Lord, Bissell & Brook. She also has guided the firm as it opened offices in London and Hong Kong.
Business litigator Schlessinger, who is based in Chicago, was first elected vice chairman in 2012. He was managing partner and chairman of Lord, Bissell & Brook from 2001 through 2004.
Houston-based Swanstrom, co-chairman of the energy practice, was first elected vice chairman in 2011.
Lowenstein, Epstein Becker, Kaye Scholer: Lateral Partner Moves
Lowenstein Sandler LLP is adding to its private equity and mergers and acquisitions practices with the hiring of Michael A. Brosse in the corporate department. Brosse joins the New York office from Kirkland & Ellis LLP.
He represented Pamplona Capital Management in connection with its $1.4 billion acquisition of Coinmach Services Corp. and Air-serv Group LLC among other deals, the firm said in a statement.
Epstein Becker Green PC said that Edward M. KennedyJr. joined the firm in the health-care and life sciences practice in Stamford, Connecticut. He was most recently president of Marwood Group, a health-care-focused advisory and financial-services firm, which he co-founded.
Corporate and M&A lawyer Nicholas O’Keefe, formerly of Crowell & Moring LLP, joined Kaye Scholer LLP in the Palo Alto, California, office. He has completed major transactions for clients such as Advanced Micro Devices Inc., McAfee Inc. and Yahoo! Inc., the firm said in a statement.
JPMorgan, Clifford Chance Trial Continues in London
A London trial continued yesterday that accuses JPMorgan Chase & Co. (JPM) and its lawyers at Clifford Chance LLP of misleading the firm that operates Berlin’s trains and buses in a credit-default swap transaction.
JPMorgan employees discussed why they shouldn’t reveal to their client, Berliner Verkehrsbetriebe, what the bank stood to gain from a complex derivative deal, according to transcripts introduced yesterday.
JPMorgan sued in 2008 for about $200 million it says it’s owed from the deal. The lender argues BVG was only a victim of bad luck and the deal turned costly because of unprecedented events in financial markets during 2008.
Tim Lord, a lawyer for BVG, told the court Jan. 20 that the transport authority never properly understood the “synthetic, single-tranche collateralized debt obligation” and was misled by JPMorgan and its lawyers.
“We believe the claims against us are misconceived and entirely without merit and we will continue to defend our position robustly,” Ward said in an e-mailed statement.
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Ex-U.S.Transportation Secretary Chief of Staff Join DLA Piper
Former U.S. Department of Transportation Secretary Ray LaHood joined DLA Piper LLP as a senior policy adviser in the Washington and Chicago offices.
Joan DeBoer, LaHood’s former chief of staff, will also join the firm as a policy adviser, the firm said in a statement.
LaHood was transportation secretary from 2009 to 2013. He spent 1995 to 2009 in the U.S. House of Representatives from the 18th District of Illinois.
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