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.
The boom in restructuring fees for US lawyers is continuing unabated as Conseco becomes the latest bankruptcy to add to the growing cash pile.
According to a recent bankruptcy filing, a total of $10.2m (£6.3m) in fees and expenses have so far accumulated on reorganising the US financial services group, which filed for Chapter 11 protection last December.
Over half, or $5.67m (£3.5m), has been billed by the debtor's counsel Kirkland & Ellis for the period ended in February. The deal adds to the hefty fees Kirkland is earning on the giant United Airlines restructuring, which has seen the firm rack up $5m (£3.1m).
By the end of February, Fried Frank Harris Shriver & Jacobson, as the bondholders' counsel, billed $933,300 (£580,700), while Philadelphia's Saul Ewing is hoping to be reimbursed to the tune of $373,400 (£232,300).
PricewaterhouseCoopers, which at $990 (£616) per hour for each of the two senior managers involved, has so far billed $448,500 (£279,000).
It is widely expected that the fees could escalate even further, since Conseco, at $6.4bn (£4bn), is the third-largest bankruptcy in US history, following those of Enron and Worldcom.