Money dollars

DLA Piper’s revenue stalls at $2.48bn in 2014 as profits hit record high

5-Mar-2015 11:45 am | By Natalie Stanton

DLA Piper’s global revenue held steady at $2.48bn (£1.626bn) last year, following a 1.7 per cent growth during the 2013 calendar year.

trainees

“This will lead to paranoia among firms and automaton junior lawyers”: Profession responds angrily to SRA's plan to scrap trainee code

5-Mar-2015 7:00 am | By Becky Waller-Davies

The legal profession has reacted with anger at the SRA’s plans to withdraw from the Graduate Recruitment Code.

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Court

Gibson Dunn partner admits "serious misjudgment" in handling of Djibouti case

5-Mar-2015 0:03 am | By Joanne Harris

Gibson Dunn & Crutcher partner Peter Gray has admitted making a number of mistakes and getting litigation strategy “spectacularly wrong” under cross-examination in the High Court.

Moscow

Boutique boom continues as Freshfields litigators quit Moscow office to go it alone

5-Mar-2015 0:02 am | By Joanne Harris

Freshfields Bruckhaus Deringer litigation counsel Maxim Kulkov has left the firm along with a team of lawyers to set up a Moscow-based dispute resolution boutique.

New York

Debevoise grows PEP by 3.4 per cent to $2.38m as revenue hits $710.3m in 2014 financials

5-Mar-2015 11:38 am | By Natasha Bernal

Debevoise & Plimpton has posted a 3.2 per cent revenue increase in $710.3m (£466m) in its year-end financial results, as average profit per equity partner rose 3.4 per cent from $2.3m to $2.38m in 2014.

corut

Fried Frank comes off 'Putin's banker' case as Russian oligarch represents himself

4-Mar-2015 4:26 pm | By Joanne Harris

Russian oligarch Sergei Pugachev has cut ties with his lawyers Fried Frank Harris Shriver & Jacobson and will now represent himself in an ongoing battle over the liquidation of the bank he ran, Mezhprombank.

madrid spain

Cuatrecasas sees revenue rise 3 per cent to break through €250m

4-Mar-2015 4:13 pm | By Joanne Harris

Iberian firm Cuatrecasas Gonçalves Pereira has reported a 3 per cent rise in turnover for the 2014 financial year, with revenues increasing from €248m to €255.4m (£185.5m).

recruitment

Breaking: SRA may scrap trainee rules, allowing recruitment at any age

4-Mar-2015 3:09 pm | By Becky Waller-Davies

The Solicitors Regulation Authority (SRA) is considering withdrawing from the Graduate Recruitment Code, as governed by the Association of Graduate Careers Advisory Services (AGCAS).

Money

Reed Smith year-end financials show 7 per cent revenue boost to $1.15bn

4-Mar-2015 12:30 pm | By Natasha Bernal

Reed Smith has posted a 7 per cent boost in its year-end financial results, growing from $1.075bn to $1.15bn (£746m) in 2014.

Europe

UK defeats Cleary Gottlieb client ECB in European ruling over clearing houses

4-Mar-2015 11:25 am | By Joanne Harris

The UK Government has won a landmark victory at the European General Court in a battle with Cleary Gottlieb Steen & Hamilton client, the European Central Bank (ECB), over the location of central clearing houses for euro-denominated trades.

RBS 650

RBS litigation: Enyo Law replaces Quinn Emanuel on group action against restructuring unit

4-Mar-2015 9:52 am | By Joanne Harris

Enyo Law has taken over from Quinn Emanuel Urquhart & Sullivan as advisers to businesses and individuals planning to sue the Royal Bank of Scotland’s global restructuring group (RBS-GRG) for allegedly forcing small companies out of business.

London

Ashurst keeps on 21 of 23 in stellar retention round

4-Mar-2015 9:30 am | By Becky Waller-Davies

Meanwhile, Olswang has also released its results, keeping on seven of eight qualifiers.

riyadh saudi arabia

Shearman plans Riyadh and Dubai launches in bid for Middle East growth

4-Mar-2015 0:01 am | By Natalie Stanton

Shearman & Sterling is gearing up to significantly expand its presence in the Middle East, with plans for new outposts in Dubai and Riyadh.

hamburg 317 top story

Germany's Flick Gocke Schaumburg launches Hamburg office

4-Mar-2015 0:01 am | By Joanne Harris

German firm Flick Gocke Schaumburg (FGS) has announced it is launching in Hamburg later this year, its fifth domestic office.

Hogan Lovells

Hogan Lovells blames practice area mismatch for nosedive in retention

3-Mar-2015 4:31 pm | By Becky Waller-Davies

Hogan Lovells will retain just 21 of 32 trainees in newly-qualified (NQ) positions this spring, giving it a 66 per cent retention rate.

Read more latest news

Editor's Picks

Catrin Griffiths

Rental arithmetic

The efficient use of a firm’s real estate is fast becoming one of the most pertinent issues as the market gets to grips with rapidly changing working environments. What is certain is that for the majority of firms property is still one of their biggest costs. Which is why for the past three years The Lawyer, exclusively, has been collecting attributed real estate data as part of the research for the annual UK 200 report. As our in-depth analysis reveals, despite a growing momentum ...

Global Law Summit

Richard Susskind

Global Law Summit: Susskind & Co on the future of the law

26-Feb-2015 | By Matt Byrne

Richard Susskind revealed his view of the future at the Global Law Summit this week. For many, it’s not pretty.

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Mark Brandon

Brandon: Ethical implications and the rule of law

2-Mar-2015 | By Mark Brandon

The law may traditionally be blind, but today’s firms should carefully consider their ethical stance when choosing which companies to act for.

London

"It takes time to convince people to leave their comfort zone": Jim Learner talks Kirkland's big name hires

27-Feb-2015 | By Natalie Stanton

When Kirkland & Ellis’ London head Graham White quit the firm last October to join Fried Frank Harris Shriver & Jacobson, there were a few names in the frame to succeed him.

trainees

The view from 2B: Why BLP's retention manoeuvres matter

26-Feb-2015 | By Richard Simmons

So Berwin Leighton Paisner has been caught massaging its retention stats. Is it really such a big deal?

The Lawyer Eats

food

St John, Farringdon

Nicky Richmond looks for comfort food - and finds it - at Farringdon restaurant St John

More from The Lawyer Eats

real estate

Rental arithmetic: how the UK's top firms are managing their property

2-Mar-2015 | By Hannah Gannagé-Stewart

Despite a growing momentum in favour of alternative and ‘agile’ working models, many firms are still struggling to find a way to fit their working practices around reducing their property costs.

Comments (2)

technology

Data security: How to respond to clients’ ‘more assertive’ demands

2-Mar-2015

Clients are getting more demanding about how their legal advisers manage data, meaning that law firms are having to give serious consideration to data security.

Read more market analysis

Money dollars

DLA Piper’s revenue stalls at $2.48bn in 2014 as profits hit record high

5-Mar-2015 | By Natalie Stanton

DLA Piper’s global revenue held steady at $2.48bn (£1.626bn) last year, following a 1.7 per cent growth during the 2013 calendar year.

New York

Debevoise grows PEP by 3.4 per cent to $2.38m as revenue hits $710.3m in 2014 financials

5-Mar-2015 | By Natasha Bernal

Debevoise & Plimpton has posted a 3.2 per cent revenue increase in $710.3m (£466m) in its year-end financial results, as average profit per equity partner rose 3.4 per cent from $2.3m to $2.38m in 2014.

Read more Financial news

Read more opinion

Craig Stoehr

The in-house interview: Thomas Cook’s Craig Stoehr

27-Feb-2015 | By Natasha Bernal

Leisure is hard work in the internet era, especially for Thomas Cook GC Craig Stoehr, who is helping to reinvent the traditional tour operator

Royal Mail team

Royal Mail: How to deliver change

23-Feb-2015 | By Catrin Griffiths

A £3bn privatisation, a £12bn pensions hole, a hostile trade union and a panel shake-up– the past few years have been full of ups and downs for Royal Mail GC Neil Harnby and his team.

Mark Amsden

The in-house interview: Morrisons GC Mark Amsden

16-Feb-2015 | By Kate Beioley

From calls to the FBI over a cyber security issue to launching the retailer’s first loyalty card, former rugby reporter Mark Amsden has a lot on his plate as Morrisons’ general counsel.

Read more interviews

Money dollars

DLA Piper’s revenue stalls at $2.48bn in 2014 as profits hit record high

DLA Piper’s global revenue held steady at $2.48bn (£1.626bn) last year, following a 1.7 per cent growth during the 2013 calendar year.

New York

Debevoise grows PEP by 3.4 per cent to $2.38m as revenue hits $710.3m in 2014 financials

Debevoise & Plimpton has posted a 3.2 per cent revenue increase in $710.3m (£466m) in its year-end financial results, as average profit per equity partner rose 3.4 per cent from $2.3m to $2.38m in 2014.

Read more Global News

Goal posts

Competition: what lawyers really think about changes to the UK's regulatory regime

UK competition lawyers have a new regulator and new rules to follow when handling mergers. Is it ‘business as usual’ as the old OFT and CC promised?

Diversification umbrella

Special report: Turkey – Striking out

Tough international competition means that diversification is the watchword in the Turkish legal market.

Read more Global Analysis

23 Feb 2015

Top 10 stories: 20-26 February

3-Mar-2015

The irrepressible Mayor of London, Boris Johnson, headlined the Global Law Summit (GLS) last week and proved as popular with readers as he did with delegates.

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