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  • US firm White & Case will open a new office in Bahrain later this quarter. Five lawyers will initially staff the office. Bahrain and Dubai qualified lawyer Qays Zuíbi has been recruited to lead the office along with White & Case partner Michael Quigley who is moving from the Paris office.
  • Morrison & Foerster has formed a strategic alliance to provide state and local tax advice with accounting firm KPMG, making it the first law firm to forge a relationship with a big five accounting firm in the US. Chicago-firm Horwood Marcus & Berk Chartered and University of Georgia Professor Walter Hellerstein are also part of the alliance.
  • Big five firm Arthur Andersen has announced that it has hired former Clifford Chance managing partner Tony Williams in an attempt to compete with top international law firms.
  • The CFTC is considering a relaxation of its rules governing foreign brokers’ participation in the US futures market.
  • Uría & Menéndez
  • Latin America
  • Patton Boggs LLP
  • Gleiss Lutz Hootz Hirsch Frankfurt
  • For most of the past century the Glass Steagall Act artificially separated commercial and investment banking, and the Bank Holding Company Act provisions prohibited insurance underwriting.
  • January also saw the biggest ever all-UK corporate deal with the announcement that Glaxo Wellcome and SmithKline Beecham intend to merge.