2007: the year of bullishness for US firms

‘Tis the season for US figures – and most firms are quietly predicting strong performances.

Take Bryan Cave. It has struggled to assert itself in London since establishing itself in the capital, but a 22 per cent rise in turnover for its 2006 financial year will give everyone a boost.

With Reed Smith‘s turnover rising by 14 per cent, despite attentions being turned by the Richards Butler merger, initial indications from the US suggest a bumper year. In fact, the likelihood is that these two figures will be fairly average in an outstanding year.

And while it has been a buoyant year for most, the departures continue at Hammonds, which took another hit today with news that corporate partner Tom Cartwright is leaving for Taylor Wessing.

Cartwright’s departure coincides with the exit of the remains of the firm’s once-rated sports team to
Bird & Bird. While Hammonds seems to have emerged from intensive care, don’t expect a full recovery anytime soon.

On a happier note, last Thursday evening (25 January) saw the first-ever Lawyer HR Awards. If you want to see the video of the evening, go to http://www.thelawyer.com/hrawards/video.html.