The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
ALLEN & Overy is to split with its Hungarian partner in Budapest amid bitter recriminations from the Hungarian side.
The City firm and Hungarian two-partner practice Deri & Co, with six fee earners in total, are to separate their offices and have ended their exclusivity referral contract after four years.
Bela Deri, Deri & Co's senior partner, said Allen & Overy based only one lawyer he described as "junior" in the Hungarian office, but never an ex-patriot partner.
"We always expected someone more senior to try to build up work," he said. "It is extremely difficult without such a person.
"If you look at the other foreign firms here - Clifford Chance, Baker & McKenzie - they all have more credible lawyers from London or from other overseas offices. They didn't want to spend one penny. I hired secretaries and support staff at my own risk."
Allen & Overy's managing partner John Rink said: "We paid the rent, we were responsible to the lessees for the lease and we sublet the office to Bela. He's going to move out on 1 September."
He added: "We have one lawyer out there - he's not a junior. We're committed to staying in Budapest."
The two firms said they will continue to have a relationship, and Deri said he was grateful to Allen & Overy for helping establish his reputation.
However, Deri claimed Allen & Overy "never really had enough clients on the ground here to make it worthwhile to have exclusive referrals with them".
Rink denied this: "The work flow came; we just concluded that our customers were better served by not acting selectively with one person in Hungary, but by acting with whoever our client requested in the given circumstances."
Allen & Overy's Warsaw office and Prague offices were opened in late 1991 and early 1992 in association with French firm Gide Loyrette Nouel, which has a large office in Budapest. Rink said Gide would be a natural choice for referrals "to the extent that we need outside help".
Another shake-up in Budapest has come with the closure of the office of US firm McDowell Rice and Smith. The Kansas City-based firm closed its office after staff defections, including lawyer Kornelia Nagy Koppany, who moved across the city to set up rival US firm Hogan & Hartson's Budapest office. Nabarro Nathanson and Theodore Goddard both lost their presence in Budapest recently when associations with US law firms with offices there ended.