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.
Things are not so rosy for Cleary Gottlieb Steen & Hamilton, which officially shut the doors on its underperforming Tokyo office for the last time in late April.
As first reported in The Lawyer (15 May), the closure brought 18 years of history to an end, although by its closure the office had dwindled to one partner and five fee-earners.
The closure did, however, create history of its own. It is the first time Cleary has closed an overseas office and it curiously coincides with an upturn in the Japanese economy.
Cleary presiding partner Mark Walker claims the firm had been "frustrated" in its inability to grow the office and that "just having a few guys in a market is not a model that interests us". Instead, Cleary has joined the slew of firms piling into China, officially launching its presence in Beijing last month.