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October 16, 2009 |
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Jones Day;
Hausfeld;
Jackson Lewis
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| Look at the this all-star cast at our big Breakfast & Schmooze: "Is K Street the New Wall Street?" Federal Stimulus Tsar Earl Devaney; former Homeland Security Secretary Michael Chertoff; Carlyle co-founder and tech guru Ed Mathias; Trump Organization EVP Eric Trump; economist and former NAM president Jerry Jasinowski. Oct. 28. Reagan Building. Early bird prices end today! Sign up NOW. |
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| Jones Day's done it again—for the 36th straight quarter. The firm’s 400-lawyer global M&A practice bagged a #1 worldwide ranking for volume of deals (in both the Thomson and Bloomberg league tables). |
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Key DC-based players John Welch and Andrew Sherman tell us a global presence and multi-industry client roster have helped them weather downturns in specific sectors, and they want to see how long they can keep the streak going. Andrew says that with interest rates low, inflation in check, and animal spirits rebounding from the recession, he anticipates an uptick in global M&A activity next year. He also expects the dollar’s decline to accelerate transactional activity stateside because, from foreigners’ perspective: “everything’s on sale.”
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Andrew with just a few of the 18 books he’s written on topics from business development strategy to self-help. His latest: a treatise on successful living, Road Rules: Be the Truck. Not the Squirrel. He left us with some road rules for the post-Madoff era: don’t let the convenience of technology prevent you from meeting with your clients in person, lest—perish the thought—they turn out to be highly adept Ponzi-scheming squirrels.
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e-discovering Hausfeld
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We braved yesterday's unrelenting drizzle to visit Hausfeld’s Bill Butterfield, who tells us The Sedona Conference, a thought incubator for best practices in e-discovery, recently appointed him to the steering committee of its working group. Bill says he’s looking forward to tackling the issue of proportionality and questions associated with cloud computing. (The former refers to setting budget limits for e-discovery requests by opposing parties; the latter to web-accessible computer applications and data storage.) A prosecutor by training, Bill estimates that over 95% of legal records are now electronically accessible.
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Remember when a gallon of milk cost 10 cents and lawyers used to take 30(b)(6) depositions to identify custodians of evidence? Neither do we. Nowadays, Bill tells us opposing parties are more likely, and better off, sitting down and swapping notes. (That’s the concept behind the Sedona Cooperation Proclamation, which has been endorsed by close to 100 judges.) Ultimately, Bill says e-discovery has accentuated ethical and legal obligations for opposing parties not to create unnecessary delay or obstruct discovery.
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Jackson Lewis’ Working Model
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| In a departure from the economic anxiety many firms are facing, Garen Dodge and Michael Petkovich, partners at national workplace law boutique Jackson Lewis (30 lawyers in DC), say they’re confident in their business model. Michael tells us that the firm has grown from 100 lawyers in 15 offices, when he arrived in ’92, to 565 in 43 offices. The secret? Despite this photo, more than outdoor group activities. Michael tells us the firm has attracted lawyers from most major firms by offering them the ability to keep, and expand, their client base, due to a flexible fee arrangements and a broad geographic presence. |
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Garen, who co-chairs the firm’s Government Relations practice (and possesses an impressive affinity for freshly brewed K-cup coffee), recently emigrated from Wiley Rein. "We don’t have an ‘eat what you kill’ philosophy here,” says Garen, “instead, we hunt in packs and we share credit for business development."
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Send story ideas to Patrick Dowd, patrick@bisnow.com
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This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe below. © 2009, Bisnow on Business, Inc., 1323 Connecticut Ave, NW Washington, DC 20036. All rights reserved.
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