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  • New York-based firm Paul, Weiss, Rifkind, Wharton & Garrison has appointed a firm chairman for the first time, with the aim of focusing on long-term issues and studying international opportunities. Alfred Youngwood, who is both chair of the firm and chair of the firm’s management committee, reveals that the first option being considered is a London office.
  • US firm Curtis, Mallet-Prevost, Colt & Mosle is opening an office in Stamford, Connecticut. The firm hopes to build on its corporate and litigation work. George Kahale, firm managing partner, comments: “Stamford is a growing area with a lot of corporate activity, several firms have offices there.”
  • Europe-Finnish book-entry securities system to be revised
  • Over 50% of UK law firms would consider forming a multi-disciplinary partnership (MDP) in the next five years. Accountants are the preferred partners, followed by barristers’ chambers.
  • Pillsbury Madison & Sutro, a San Francisco firm, has lost its executive director, a substantial group of compensation and benefits lawyers, and has had to fire another nine partners.
  • As the Czech Republic concentrates on getting privatization right — at the second attempt — lawyers can look forward to a glut of banking and M&A work. Rob Mannix reports
  • Baker & McKenzie, Freshfields, Sullivan & Cromwell and Davis Polk & Wardwell lead the rankings for privatization issues in 1998, according to tables published in Privatization International.
  • Following the break-up of Spanish mid-tier firm Mullerat & Roca at the beginning of this year Sebastia Roca has merged his third of the firm to form Roca & Junyent, a new 60-lawyer firm.
  • New York-based firm Anderson Kill & Olick has made 22 partners redundant and is closing its offices in San Francisco and Phoenix
  • Beleaguered French firm Gide Loyrette Nouel has ousted Xavier de Roux as chairman of its management committee.