Woman Who Wrote Ground-Breaking “Bible”

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The law firm deal between China-based King & Wood and RJ Berwin saw a “Bible” produced by Rachel Reid, who shepherded the merger with her deal document that outlined every step along the way. That’s one reason she has just won the law firm management award made by The Lawyer.

Reid wrote the deal document – the information memorandum that was a bible on every single aspect of the deal and which was used to brief partners. From the first conversation with KWM through to delivery of the combination, Reid sat at the negotiation table, scoping the business case and strategic positioning through to operational implementation.

As project director, she led a cross-departmental, cross-jurisdictional team to deliver the new global firm’s values, branding, advertising, cultural awareness, regulatory position, IT templates, operational logistics and all internal, external and client communication. The difference between simply project managing the implementation was the way she genuinely engaged the business. Reid understood, embraced and directed the new brand to deliver a detailed and engaging communications strategy at every level, building awareness of change, gaining buy-in and building excitement and optimism for the opportunities.

Working 24/7 to deliver the deal, she co-ordinated, managed, drove and created transformational change for the business that has delivered a unique proposition for its people, clients and firm.

Reid’s talents do not stop there. She also has a management seat on the Europe Middle East board has personally negotiated a multi-million pound sublet to reduce the fixed-cost base as well as delivering the all-partner annual conference programme. See The Lawyer.


Bingham McCutchen Latest Big Law Firm Facing Trouble

Bingham

Boston-based law firm Bingham McCutchen is the latest law firm facing problems, after partners have defected and the 123 year old firm with a proud history faces declining fortunes and an uncertain future.

Changing fortunes in the legal industry, which has fought against reduced demand for legal services and a changing landscape for law service has buffeted many firms.

Bingham McCutchen LLP, which has handled cases from the Pentagon Papers to the Deepwater Horizon oil spill in the Gulf of Mexico, has watched more than 50 partners leave the firm since last year and cut 225 lawyers since 2012, according to legal trade journals.

Revenues last year declined for the first time in a generation following more than a decade of rapid expansion, aggressive acquisitions, and rising costs.

Now, Bingham’s best chance for long-term survival appears to be selling itself to a Philadelphia law firm, Morgan Lewis & Bokius LLP. Bankruptcy is a distant, and far less desirable, option.

In his first interview on the firm’s status, Steven Browne, the recently named managing partner, said Bingham is exploring a variety of options, including the remote possibility of bankruptcy.

“I’m not going to pretend things aren’t out there and the world isn’t a real world,” Browne said.

“It’s certainly not any strategic alternative that I’m interested in pursuing,” he added.

He declined to comment on the merger proposal, as did Morgan Lewis. Bingham’s remaining 307 partners are scheduled to vote on the merger in the coming weeks.

Bingham McCutchen traces its history in Boston back to 1891.

Read more at the Boston Globe

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