Allen & Overy secures two White & Case leveraged finance partners in New YorkÂ
01 June 2021
Move reunites duo with Jake Mincemoyer, who joined in February to lead US teamÂ
Shutterstock Allen & Overy (A&O) has bolstered its US leveraged finance practice with the hire of White & Case partner duo Gordon Mak and Stanimir Kostov in New York. Mak and Kostov join from White & Case’s debt finance practice and private credit and direct lending practice, respectively. The pair bring with them more than two decades of experience acting for clients across the leveraged finance market. The hires are the latest move in the magic circle firm’s ongoing drive to invest in its US capability, which the firm signalled as a strategic priority in 2016 when it hired five New York partners, including a trio from White & Case.
May 28, 2021 at 8:54 AM
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If you’ve paid any attention to the ballooning compensation figures of Biglaw partners in recent years, you already know that it pays to be an equity partner at a large firm. Meanwhile, as average partner compensation escalates, top in-house lawyers are being left behind.
In 2020, a Major Lindsey & Africa survey of partners in “Am Law 200 size firms” found average compensation of above $1 million. The ALM Intelligence 2020 Law Department Compensation Benchmarking Survey found general counsel and chief legal officers earned average total compensation of $573,000. So, as a general rule, it’s more lucrative to be a Biglaw partner than a general counsel.
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The consumer plaintiffs fighting to enjoin Clearview AI Inc.’s purported collection and dissemination of their biometric data have replied to the defendants’ opposition. The plaintiffs asserted that without the requested relief, and in view of newly uncovered information, Clearview could move biometric data offshore, making it more difficult for the plaintiffs to ascertain privacy safeguards and enforce their rights.
The Monday filing includes a statement of supplemental facts that recounts the deposition testimony of Clearview’s general counsel, Thomas Mulcaire. The brief then incorporates deposition excerpts, some of which are redacted, into arguments in favor of the preliminary injunction.
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make exceptions for employees with disabilities or religious
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states such as New York (discussed herein) are contemplating more
employee-protective legislation. In the midst of this legal
Allen & Overy hires two senior leveraged finance partners from Linklaters in London
07 May 2021
Arrival of Annette Kurdian and Robert Burt helps restock team after raids from US rivals Allen & Overy (A&O) has hired a pair of senior leveraged finance partners from Magic Circle rival Linklaters. The lateral hires – which remain rare between Magic Circle firms – help restock A&O’s market-leading team after raids from US rivals over the past year. Moving across are Annette Kurdian and Robert Burt, who both have 20 years of experience at Linklaters behind them having made partner within a year of each other, in 2006 and 2007 respectively.