Cadwalader’s Link Is Moving to London
Just to close the loop on Cadwalader’s London partner defection, firm chairman Christ White sent the following firm wide email:
Seven partners in the London office resigned from the Firm today to join Paul Hastings. The reduction in capabilities in London is unfortunate. However, these departures allow us to rebuild the London office into a profitable operation with a focus consistent with the Firm’s long-term objectives. We start this rebuilding process with a very strong foundation in Capital Markets, Financial Restructuring and Tax led by partners Angus Duncan, Richard Nevins, Nick Shiren and Adam Blakemore. Bob Link will move to London in February to lead the Firm’s rebuilding effort.
So, you’re sending the guy you just ousted to rebuild the London office that just got eviscerated?
Sounds about right.
Earlier: Musical Chairs: Cadwalader Loses More Lawyers
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Comments
FIRST YOU KNOW IT!
no one cares
CWT either merges or dies by end of 2009. Mark it.
Project Rightsize 2 coming right up!
With an English accent!
Something about the titanic and deck chairs being rearranged
Dear Homeland Security- please, for the good of the legal profession, do not let Bob Link back into the US
Can't you please tell us anything about the rumored Cahill layoffs? Please?
7 - you are too funny
love it. i just love it.
Cahill layoff news was already posted: http://abovethelaw.com/2009/01/nationwide_layoff_watch_cahill.php#comments
Cahill layoff news was already posted: http://abovethelaw.com/2009/01/nationwide_layoff_watch_cahill.php#comments
The lobster in Kash's butt snap snaps as Elie moves his giant negro cock towards the hole.
Another genius move by Seth. We are determined to make strategic moves 12-24 months behind the curve. A double bet on London and the securitization market. Well played my friend well played.
Can we add offices in Moscow and Venezuela next?
The fate of the firm rests completely in the hands of the horny CWT NY 05 female associates.
10/11: Yes, but do you have any information about the rumored Cahill layoffs?
Kash's butt lobster speaks with an english accent.
I think I am infatuated with Kash's ass lobster.
Elie, please remove 12.....allowing racist comments to stay up makes us all look bad. Also, you need to do something to deter all these repetitive nonsense posts (like publicly outing the posters).
Christ White.
Can someone please remove 18, I think he is racist and hates lobster.
Elie probably wrote 12.
I don't get the whole lobster thing. Maybe its for the best.
I don't understand the constant immaturity displayed by you people. If you don't have anything to post regarding the article, then keep your nasty, racial comments to yourself. I would expect these type of comments from some uneducated high school dropout, but from someone with a JD? You are despicable. I would be embarrassed to know that you worked at my firm. Grow up and act like the professional you are paid to be!
10/11/15: Cahill layoffs are massive and firm closes doors. News at 7
I agree with 3. We'll say buh-bye to CWT this year. I've been thiking this for some time.
That was not very nice, 23. You must be a Mormon.
Mr White got a big promotion. Can I safely address him as "The" now, to go with his new first name?
26, far from it.
I think I am infatuated with Kash's ass lobster.
23 is right. The constant immaturity has become unbearable. ATL will have to start deleting these posts or I predict that an alternative to ATL (with aggressive deletion of nonsense posts) is in our future.
Hey, the market exists. If ATL continues down this road someone will take advantage of it sooner or later.
I dont know why people bash CWT. Their PPP is close to 1.9M. That is still quite insane, no? How do you dissolve after you make 2M a year?
23 - Bold words for someone trolling a gossip site.
-Paralegal
31- because their partners (who bring that PPP) are shameless mercenaries who will walk (see above) at the drop of a hat if their PPP declines by one cent. They got hired for their book, they stayed for the PPP, and now will leave with that book to places with greater PPP options.
Their problem is with the third P, not the first.
There is nothing wrong with ATL. Some lighthearted tomfoolery and bawdy ballyhoo is just what the doctor ordered during these increasingly trying times. (Also, I hear ass lobsters are high in vitamin D and E.)
32- I would expect a comment like that from a paralegal as you are not held to the same ethical and professional standard as an attorney.
any word on wilmer layoffs
35, you are correct. there is nothing wrong with ATL . . . for some people. There is a market for ATL. But, there is also a place in the interwebs for an ATL that is non overrun by comments that are not relevant to the post.
Think about it this way, there are people out there . . . lawyers . . . who would like to receive the services ATL provides WITHOUT having to wade through the irrelevant posts. Just saying.
The next commenter to make a comment is a racist.
woooo hoooo
36-don't confuse your ethical standards with dry wit
36-don't confuse your ethical standards with dry wit
non-paralegal
36 must be from texas
moron guys from xoxohth.com took over ATL comment boards all the time in high school, it was no big deal.
Texans hate everything that ass lobsters stand for.
43, keep guessing.
Willkie layoffs? Anyone?
22: Wait your turn...
poor hofstra grad
46- born in the touro law library?
Nice job 45
http://dealbreaker.com/2009/01/the-semiannual-dealbreaker-gui.php#comments
http://dealbreaker.com/2009/01/the-semiannual-dealbreaker-gui.php#comments
http://dealbreaker.com/2009/01/the-semiannual-dealbreaker-gui.php#comments
http://dealbreaker.com/2009/01/the-semiannual-dealbreaker-gui.php#comments
50, no, just common sense.
I was about to suggest the same thing 52-55. PLEASE ATL, post something similar!
there is a difference between being ethical, and being an uptight twat
How do I make a racial comment?
KASH SPREAD DEM BUTT CHEEKS SO I CAN BUTTER UP MR. PINCHY AND THOSE JUICY INSIDES!
58, you don't know what uptight is. Personally, I like ATL and enjoy most of the posts. The racial comments get old after awhile. I think you can deliver the same dry wit humor without using the race card.
60 = sicko or possible Criminal Minds episode.
Does Hallmark make a race card?
I am a proud racist with humor loving lobster disliking uptight twats
Partner-at-law-in-charge
Did anybody else read "defection" as 'defecation' at first? That would be funnier.
My SHEEP has a serious ASS LOBSTER infestation. Should I be concerned? She claims she got them from a public bathroom, but I don't know if I believe her or not.
The only way your SHEEP could get ass lobsters is from Kash. Someone has been cheating on you.
so they finally put that a**hole out to pasture.... about time. He destroyed the NY office with his lack of leadership and arrogance, and he is supposed to be "rebuilding" the London office?? Haha. The English will never tolerate him. They are too sophisticated...
Link?! Worst lawyer ever! Hasn't practiced in years (thank god!!). I agree with 68 Link is an a**hole. It makes no sense that CWT would put an unqualified jackass like Link in London to oversee a sinking ship. Obviously, White has nowhere else to put him!
It is clear White (and the firm) wants to put Link as far away as possible! Why not the non-existent China office?!
It is clear White (and the firm) wants to put Link as far away as possible! Why not the non-existent China office?!
Seven partners would never leave from WILDMAN HARROLD!!
Sending a mustachioed hayseed to be in charge of the London offices is asking someone to put bandages on the Titanic after it hit an iceberg.
Chris White is either being amazingly stupid or Machiavellian.
If Bob Link fails to hold together London, he will be left holding the shit sandwich. I don't give much for his partnership prospects after that.
No 73 - you are a fucking idiot. I don't like to cuss to get my point across but you are an idiot. The Titanic hitting the iceberg would be New York, not London. The London office has so little to do with the rest of the firmwide operations it isn't even funny. Nobody says Clifford Chance is going to drop off a cliff and die because they fired 80 London attorneys.
Seriously, any of you posting about London office issues claiming this will be the death of any US firm do not understand how US based law firms use their foreign offices. It is, amusingly, almost entirely a question of aesthetics and networking with foreign clients, more so than a huge revenue booster.
CWT's revenue does and always will come disproportionately per head from its NY office, not DC, London, Beijing or Charlotte.
Anyone care to take a stab at a parody to reservoir dogs? For example, I will start by saying that C. White should be "Mr. White" because he has a "cool sounding name." So, who would be "Mr. Brown", "Mr. Blue", "Mr. Black", "Mr. Blonde" and, the one and only, "Mr. Pink".
Again, #60, crass as could be but very amusing. Thank you for the chuckle.
Again, #60, crass as could be but very amusing. Thank you for the chuckle.
Abu Dhabi to 190k!!!!
74 = Bob Link
And the CWT NY flagship IS the Titanic.
Link should have been sent to Coventry not to London.
"Why not the non-existent China office?!"
They were planning to send him to the stealth Moscow office, but after the stealth layoffs of the stealth associates and defections by stealth partners, there wasn't enough left to hide Link--what remained of the office would have to come into the open. And, thanks to ATL, we all know what's happening at non-stealth Moscow offices of US and UK firms.
I am glad that this website is only known by the legal community. God forbid the rest of the world should discover that those inside the legal community are as callous and idiotic as lawyers are depicted in the media. When I entered law school it was with the belief that I would encounter intellectual comradery. Instead I consistently read posts expressing joy over the loss of others. I hope you truly understand the effect your posts have on the lives of those in the firms you scoff at.
Long live CWT. I hope their management continues to fight for the firms existence and for the jobs of those associates still on the payroll.
didn't the original cwt partner in beijing torture guys and junk?
will bob link be flying to london, or taking his yacht ?
did bob really name his yacht "the sea mbs"?
more cwt please!
82 - Oh I know, who could ever possibly imagined that people are not always wonderfully fantastic angels, thank God no one knows about this site.
No more CWT. I know it gives ATL and its community a raging hard-on, but I am so bored of this topic. Seriously Elie, post more on V20!!!!
Those bastards still increased their RPL by 6.3% last year.
It might be safer there. Remember what happened to Dick Fuld in the Lehman gym?
87, can you explain your analogy to Fuld and the situation at Cadwalader.
88:
Dick Fuld got punched out in the Lehman gym after blowing the place up, by a senior exec who lost nearly all of his net worth (in Lehman stock). Get it?
I cannot fathom why CWT selected a partner who has been quoted as saying he does not have much use for Yale Law graduates (see 2007 interview/article) to go and rub elbows with the Magic Circle, as well as other firms and barristers/solicitors cut from that cloth. Oh well, my understanding is that human bonds were never really what drove legal professionals in the U.S. and elsewhere to join CWT.