Orrick Adds English Banking Group Head: Business of LawElizabeth Amon
Orrick Herrington & Sutcliffe LLP said that Michael Crosby will join the firm as a partner to head the English law banking and finance practice group in London. He was formerly head of Proskauer Rose LLP’s English law finance practice.
Crosby represents alternative credit funds, hedge funds and other special-situation lenders, private-equity sponsors and banks in leveraged financings across Europe.
“He will strengthen our capabilities to provide top-tier English law support for the finance, energy & infrastructure, real estate and corporate finance transactions the firm handles globally,” Alex Janes, managing partner of Orrick’s European offices, said in a statement.
Crosby’s move to Orrick follows last week’s announcement that Shawn Atkinson, co-chairman of Edwards Wildman Palmer LLP’s venture-capital, cross-border and Central and Eastern Europe groups, will join the firm in London.
Morgan Lewis Adds M&A, Shareholder Activism Lawyer Gottfried
Keith E. Gottfried, a mergers and acquisitions and shareholder activism defense lawyer, joined Morgan Lewis & Bockius LLP as a partner from Alston & Bird LLP in the business and finance practice in Washington.
Gottfried advises public companies on activist shareholder campaigns. He also advises clients on mergers and acquisitions, corporate governance, securities regulation and New York Stock Exchange and Nasdaq Stock Market compliance, the firm said.
Bracewell & Giuliani Adds Tax Partner Jacobson in Houston Office
Bracewell & Giuliani LLP said that Robert A. Jacobson, formerly at Vinson & Elkins LLP, joined the firm as a tax partner in its Houston office.
Jacobson specializes in tax matters, particularly the structuring of federal income tax effects on partnerships, corporations and individuals. He has experience in mergers and acquisitions, reorganizations and capital markets transactions, with a focus on transactions involving master limited partnerships, the firm said.
GM Will Pay All Accident Claims From Switch Flaws, Feinberg Says
General Motors Co. will spend whatever it takes to compensate victims of accidents in Cobalts, Ions and other cars with faulty ignition switches, said Ken Feinberg, the lawyer hired to make the payments.
Feinberg will take claims from Aug. 1 through Dec. 31, giving customers time to prepare their documentation, he said in a phone interview. GM will pay anyone who proves injury in a crash tied to the faulty switches in one of 2.59 million recalled cars, even if the person was drunk or texting on a phone at the time of the accident, he said.
“This program is designed to help claimants,” he said yesterday during a press conference in Washington to announce details of the plan. “This program is not designed to punish General Motors. If people want punitive damages, if they want to use litigation to go after General Motors, then voluntarily they should not submit a claim to me.”
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Law Firm News
Malaysia to Allow Foreign Law Firms in Some Practice Areas
Foreign law firms will be licensed to operate in partnership with a Malaysian firm or as a qualified foreign law firm, the Malaysian Bar Council said in an e-mailed statement yesterday.
The licenses, which are for three years, permit Malaysian firms to hire foreign lawyers who can “fly-in fly-out” to advise on non-Malaysian law for as many as 60 days a year.
Firms aren’t allowed to practice in constitutional, administrative, criminal and family law, or conveyancing matters.