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.
Cadwalader Wickersham & Taft has accepted a federal handout to remain in Lower Manhattan, despite earning millions of dollars in profits last year.
The firm is being given $5.3m (£3.2m), $1m (£603,000) over 15 years towards its energy costs and potentially $3.2m (£1.9m) if its adds 400 jobs over the next five years under the Job Creation and Retention Program.
The initiative is part of a scheme designed to encourage businesses to stay downtown following the events of 11 September.
Cadwalader, which in the last financial year reported profits per partner of $1.2m (£724,000) and $330m (£199m) in turnover, has taken a 20-year lease on 450,000sq ft of space at One World Financial Center.
It states that the cost of moving to the office will set it back $75m (£45.2m). However, the firm also stands to benefit from the sale of its current space at 100 Maiden Lane. According to reports, offloading the site could net the firm up to $75m, covering the costs of its move. Cadwalader is not the only multimillion law firm that has enjoyed a donation - twelve firms, including Cahill Gordon & Reindel, Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell, have also benefited. Overall, 40 companies have been given a total of $131m (£79m).