UK
Lunchtime Links: 2,000 law firm partners facing redundancy
6 January 2009
Just as you were wondering why you didn’t become a partner in a law firm instead of something in financial services, it transpires that law firm chieftains aren’t immune to redundancy either. The Times reports that older partners are being asked to accept a smaller share of the profits or leave and that younger partners are simply being asked to leave. 2,000 jobs are reportedly at risk.
For all of his acclaim, skill, and accomplishment, Jamie Dimon is set for a fall. (The Daily Beast)
JPMorgan downgraded. (Forbes)
State support for Dresdner. (Evening Standard)
Henderson Global Investors hires a portfolio manager. (Financial News)
BNP Paribas hires head of corporate finance for South East Asia. (Bloomberg)
AIG opts for Moelis. (Telegraph)
Morgan Stanley lost advisory market share to Moelis and Perella. (Bloomberg)
Madoff employees still getting paid. (Clusterstock)
Morris men face extinction. (The Times)
