The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
Akin Gump Strauss Hauer & Feld has posted a sharp rise in average profit per equity partner (PEP) for the 2008 financial year, with PEP up more than 16 per cent to $1.4m.
The Texas-headquartered firm also managed a rise in revenue to $780.5m, an increase of just under 4 per cent.
A number of major mandates contributed to the solid financial results. During the year, Akin Gump acted for Clear Channel on its $19.5bn sale to Bain Capital and Thomas H Lee, Brinker Restaurant Corporation in a high-profile class action win and advised clients on several major bankruptcies including Washington Mutual, Nortel Networks and Lehman.
However, the year also saw Akin downsize its partnership significantly, with the exit of almost 60 partners to rival firms.
The latest departures came this week when Greenberg Traurig has hired a three-partner, seven-associate team from Akin Gump in Texas (2 Feb 2009).
To receive our free twice-weekly Lawyer in New York US legal news and comment email, click here. Or get the latest news, features and comment as it's published with our free RSS feed.