UK
Company: Clifford Chance
GUEST COMMENT: There are lots of benefits to working in Luxembourg – it’s a mystery why more people don’t give it a shot.
Months before finishing my Masters degree in Investments at the University of Birmingham, I applied for jobs in all the usual places – the big investment banks and the major financial cities, London,New York and Hong Kong. During this process, I came across an advertisement for a role in Luxembourg and decided to give the [...]
Lunchtime Links: There is a war going on between JPMorgan and Citigroup
JPMorgan and Citigroup are natural rivals. Both are large US universal banks. Both have had a predilection for developing their global footprint. But today the Wall Street Journal says the rivalry has got a little out of hand. According to the Journal, Jamie Dimon may be to blame. Dimon apparently butted into a conversation between [...]
Why the UK doesn’t like lawyers in M&A
JPMorgan has appointed a senior lawyer as co-head of its North American M&A business. In case anyone’s wondering, this is NOT an indication that lawyers can become M&A bankers in London. “Lawyers are at the bottom of the candidate pile,” says one M&A recruiter who fills associate and junior VP roles. “It used to be [...]
What European hedge fund legislation will do to London hedge fund jobs
Unless a miracle intervenes, it looks very much as if the European Alternative Investment Management Directive will be voted into law this evening. On balance, the directive is expected to be very bad for London’s hedge fund industry. However, that’s not to say that there won’t be some beneficial side effects. The positives 1) Funds [...]
What a ‘real’ partnership would look like
According to the Financial Times, Barclays Capital is thinking of following Goldman down the partnership route. The paper reports today that the bank has set up a new ‘partnership committee’ under the auspices of Robert Morrice, chairman and chief exec of its Asian business. Henceforth, MD promotions will apparently be referred to as ‘partnership promotions.’ [...]
Lunchtime Links: Another very good reason why you should never work for a firm that calls itself a partnership
Not only does it seem that law firms do in fact make partners redundant, it also appears that they ask them for money at inopportune moments. The Times today reports that Clifford Chance is seeking 100k from each of its equity partners in an attempt to raise cash. UBS bankers can’t afford coffee and sandwiches. [...]
Week in Review: Cayne says sorry; wait for your bonus at Deutsche
Bear Stearns officially became an adjunct of JPMorgan, for which Jimmy Cayne offered a personal apology. The Wall Street Journal ran an article about Bear’s last days in one, two, three installments, containing such revelations as Bear Stearns nearly collapsed twice and former boss Alan Greenberg tried performing magic tricks to (bring Bear back from [...]
Dearth of derivatives lawyers across markets
What’s the difference between a lawyer working for an investment bank and his or her counterpart working for a top international law firm? The answer is simple: lawyers working for investment banks receive hefty bonuses, lawyers working for law firms don’t. At this time of the year, this discrepancy becomes something of a nightmare for [...]
SJ Berwin and Addleshaw Goddard poach private equity talent
SJ Berwin has hired Tim Wright from Clifford Chance to become a partner in the firm’s transactional buy-out team, while Addleshaw Goddard has recruited Nicholas Fisher, the head of banking at Simmons & Simmons. Jonathan Blake, head of SJ Berwin’s corporate department and one of the UK’s first lawyers to specialise in private equity in [...]
European jobs roundup: Hiring in M&A
There was plenty of movement in the corporate finance job market in the past week, perhaps reflecting growing optimism in the mergers and acquisitions (M&A) sector. Last year, utilities companies were the most significant sources of European M&A. Citigroup may therefore regret the departure of six of its senior utilities bankers for Lexicon Partners, a [...]
Follow eFinancialCareers
What is RSS?
Advice
