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.
Elite US firm Cravath Swaine & Moore has pounced on Manhattan rival Skadden Arps Slate Meagher & Flom to launch its restructuring practice.
Cravath, which rarely makes lateral partner hires, has taken on Richard Levin as its new restructuring head.
Levin said: "Although it was a difficult decision to leave Skadden Arps – a great law firm where I have many friends – I'm both excited and honoured to have the opportunity to create a top-tier restructuring department at one of the premier law firms in the world."
His hire comes at a time when US firms are looking to bulk up their restructuring hires in anticipation of an M&A downturn. Skadden itself plans to take on 24 lawyers to boost its restructuring numbers to 120.
Levin's glittering CV includes authorship of the 1978 US Bankruptcy Code and a stint as a consultant to the World Bank.