Wells Fargo deal could shuffle firms: First Interstate buy has in-house counsel, outside lawyers braced for cutbacks

Article Abstract:

Wells Fargo & Co's Jan 24, 1996 acquisition of First Interstate Bancorp (FIB) is likely to cost some First Interstate in-house lawyers their positions, and outside firms their business. Some sources predict half the 56 lawyers in FIB's legal dept will go, especially regulation and litigation attorneys, with the combined bank planning to cut costs $800 million, or 18%. Four firms in Washington, DC and Los Angeles, CA will probably lose out, but those with close ties to Wells Fargo may benefit. Los Angeles-based O'Melveny & Myers does work for both banks.

Banking industry, Usage, Human resource management, Wells Fargo & Co., WFC, First Interstate Bancorp., I

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Bryan Cave scoops up one more firm; acquisition of Smith Gill gives it 480 lawyers and big Kansas city clients

Article Abstract:

St Louis, MO, law firm Bryan Cave grew to 480 lawyers recently by acquiring the 57-attorney Kansas City firm Smith, Gill, Fisher & Butts. Bryan Cave had launched its own Kansas City office in 1988, but its 35 lawyers had made little headway in a market dominated by Smith Gill. The move will help the latter get more business from its top customers, Sprint and H & R Block, who wanted their lawyers to have more offices and practice areas. It may also prevent a succession problem as Edward A. Smith of Smith Gill retires.

Mergers, acquisitions and divestments, Law firms, Missouri, Bryan Cave L.L.P., Smith, Gill, Fisher and Butts P.C.

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Milbank led her to $1.3 billion bank

Article Abstract:

Rachel F. Robbins, the general counsel for J.P. Morgan & Co., Inc., supervises a department of 85 lawyers worldwide. Specialty groups work on areas such as securities, derivatives, as well as compliance and regulatory work. Robbins worked with the Securities Industry Ass'n in their unsuccessful 1996 efforts to repeal the Glass-Steagall Act., the law mandating that the securities and banking businesses be separated. She feels that it was unsuccessful due to a disagreement over insurance.

Attorneys, Management, Officials and employees, Lawyers, J.P. Morgan and Company Inc., JPM, Robbins, Rachel F.

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