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
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.
Norton Rose US capital markets star Richard Baumann is quitting the firm to lead US firm Dorsey & Whitney’s capital markets practice in London.
Dorsey, which is based in Minneapolis, is aiming to ramp up its international capital markets practice following the recruitment of Tom Joyce from Freshfields Bruckhaus Deringer last year.
The US firm has a fantastic reputation for capital markets in the Midwest. Joyce’s role is to build on that internationally.
Baumann, who will be based in London, leaves Norton Rose after failing to settle in Hong Kong. Norton Rose split the successful US capital markets team of Baumann and US corporate finance head Thomas Vita when it sent Baumann to Asia this summer. Vita remains as the firm’s sole US capital markets partner.
Baumann and Vita joined Norton Rose from Davis Polk & Wardwell and immediately made a name for themselves advising on a string of Rule 144a equity offerings.
Norton Rose managing partner Peter Martyr said: “The firm decided it would be appropriate for him to go to Hong Kong to help build up the US securities practice there. Unfortunately it has not been possible for personal reasons to proceed with this plan and Richard Baumann has decided to take up a new challenge outside the firm.”