Dunfermline Demise Delivers Legal Love Nest
The latest collapse in the financial industry is yet another boon for law firms. After Nationwide Building Society struck a deal with the government to take over the stricken lender, a veritable smorgasbord of firms were served up for a legal feast… Allen & Overy will act for its longtime client Nationwide Building Society. Freshfields is acting for the Bank of England with Scottish firm Tods Murray also providing advice. Dunfermline instructed Scottish firm Shepherd & Wedderburn. The Treasury will be represented by …
The latest collapse in the financial industry is yet another boon for law firms. After Nationwide Building Society struck a deal with the government to take over the stricken lender, a veritable smorgasbord of firms were served up for a legal feast…
Allen & Overy will act for its longtime client Nationwide Building Society.
Freshfields is acting for the Bank of England with Scottish firm Tods Murray also providing advice.
Dunfermline instructed Scottish firm Shepherd & Wedderburn.
The Treasury will be represented by Slaughter and May.
Finally – another Freshfields team will advised KPMG, appointed as the company’s administror, with SJ Berwin acting as conflict counsel.
And rumour has it that General Sir Michael Jackson will be drafted in to keep order (we made that bit up).
March 31, 2009
That is the great versatility of law as a business – you can just divert resources to the parts most in need
March 31, 2009
if it was that simple we would not have seen so many layoffs
March 31, 2009
Not suggesting there will not be belt tightening but a well diversified law firm can survive well as long as it is not overleveraged