Baker & McKenzie has broken the $1.5bn (£801.44m) revenue mark for the first time, placing it among the five largest firms in the world. Bakers’ revenue hit $1.52bn (£856m) during the 2005-06 financial year, up by 13 per cent from $1.35bn in 2004-05. Meanwhile, net profit rose by an impressive 24 per cent to $565m (£318m). Chairman John Conroy attributed the results to a four-pronged strategy: growth in China, London, New York and Tokyo; a focus on M&A, banking and finance, private equity and securities; developing relationships with key clients; and improving cost management.
Herbert Smith wins first CVC instruction with Euronext float
Herbert Smith has won its first instruction from private equity house CVC Capital Partners through the firm’s alliance with Stibbe, bolstering both firms’ equity and capital markets practices. Herbert Smith senior associate Adam Wells and Stibbe head of corporate Heleen Kersten led the deal, which sees Dutch plastic pipe supplier Wavin float for e370m (£248.7m) […]