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...Millstein was a passionate critic of Milton Friedman’s doctrine that the sole responsibility of companies was to make profits....
...“A frothy market, particularly on the equity side, will present an opportunity for many companies to access a free lunch,” said John McClain, a portfolio manager at Brandywine Global Investments....
...“The legal community has lost a true visionary,” Weil executive partner Barry Wolf said in a statement....
...“The capital is coming in from every channel, every geography because we have attractive real yields and the biggest, most liquid credit markets,” said John McClain, a portfolio manager at Brandywine Global...
...Since Buhl joined Weil, Gotshal in 2005, its lawyers have committed more than 1mn pro-bono hours. They added more than 80,000 hours last year....
...Sean McClain, Absci’s founder and chief executive, said the application of engineering principles to drug discovery improved the potential of success and a reduction of the time spent in development....
...A number of top firms, including Davis Polk and Weil, Gotshal & Manges have asked their lawyers to come back in person four days a week, compared with the three days expected by most top UK firms....
...They join from Weil, Gotshal & Manges. Brunswick, the public relations firm, has hired Michaela Browning as a partner and chief executive of Asia-Pacific....
...High-yield company defaults are on the rise both in Europe and the US, however, with smaller companies in particular buckling under the weight of higher financing costs and slowing demand....
...“We’re not music producers,” says Raymond Weil’s Bernheim, adding that his company made sure the musicians kept the rights to their music....
...“We can confirm that our London attorneys have begun returning to the office four days per week as of September 4,” Weil said....
...“I think you’re seeing investors rush into fixed income, thinking that we’ve seen the highs in interest rates because of a few data points,” said John McClain, portfolio manager at Brandywine Global Investment...
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
Growth, the ideal size and generative AI are key questions for US law firm leaders
...Levy and Senie join from Weil, Gotshal & Manges. Latham & Watkins has hired Seth Gottlieb and Alex Kassai as partners in its emerging companies and growth team. They join from Cooley....
...“Another ECB interest rate hike in the coming months is becoming increasingly unlikely,” said Christoph Weil, an economist at German lender Commerzbank....
...The continued downturn in business activity pointed to “increasing signs of recession in the euro area,” said Christoph Weil, economist at Commerzbank....
...“It’s a way for companies to lower their all-in borrowing costs,” said John McClain, a portfolio manager at Brandywine Global Investments, who added that securing debt can also improve a company’s credit...
...“The story [for Altice] has always been we’ll lever up to do a deal and then we will use the cash flows from our operational improvement to pay down debt,” said John McClain, a portfolio manager with Brandywine...
...“The broad-based decline in leading indicators points to a renewed contraction of the German economy in the second half of the year,” said Christoph Weil, an economist at German lender Commerzbank....
...“A recession is becoming increasingly clear in the euro area,” said Christoph Weil, an economist at German lender Commerzbank....
...Weil, Gotshal & Manges has named 16 new partners and a new counsel class....
...“The brunt of rising rates is starting to be felt now,” said John McClain, a portfolio manager with Brandywine....
...But a failed trial by a UK web hosting company has highlighted the difficulties for customer-facing businesses....
...However, Citadel Securities’ new venture fares, global fixed-income markets have reached a “tipping point”, according to Audrey Blater, a senior data analyst at analytics company Coalition Greenwich....
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