The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
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.
Cadwalader Wickersham & Taft and Stroock & Stroock & Lavan look set to be the big winners in the bankruptcy cases of Northwest Airlines and Delta, with both firms generating huge fees.
Before its case has even reached court, Northwest has spent more than $12m (£6.7m) on retainers and legal advice. Cadwalader's New York office has received payments of $5.6m (£3.1m) from Northwest.
The stricken airline has also paid the firm $1m (£550,000) towards future fees, but the payment is unlikely to last long, with the firm billing between $590 (£330) to $800 (£440) an hour for partners and up to $645 (£360) per hour for other lawyers.
On Delta, partners at Stroock bill between $550 (£300) and $950 (£530) an hour, with paralegals billing at rates of $170 (£90) to $275 (£150) an hour.
Airline restructurings have proved profitable for US firms. In 2004 Kirkland & Ellis submitted a bill of $59.7m (£33.1m) for fees and expenses on the bankruptcy of United Airlines' parent company UAL.