| Turnover: | £315.4m |
| Profit per equity partner: | £420,000 |
| Revenue per lawyer: | £365,000 |
| Total number of lawyers: | 886 |
Pillsbury Winthrop Shaw Pittman has had a difficult 2006 so far, losing ground both nationally and internationally. Its fortunes are a reflection of a firm still digesting the merger between Pillsbury Winthrop and Shaw Pittman, signed in April 2005.
The onus is now on the revamped Pillsbury management team to stabilise. In May 2006 the firm elected real estate partner James Rishwain as chairman and Stephen Hutler, managing partner of pre-merger Shaw Pittman, as executive vice chairman.
Hutler and Rishwain took over from chair Mary Cranston and managing partner Marina Park. Cranston has taken up the senior partner position, advising on strategy matters.
One of Rishwain's first moves was to close the firm's Century City office in July 2006, consolidating its Los Angeles operations into its downtown office. In the same month, US rival Alston & Bird raided the firm for European technology partners Trevor Nagel and Lee Van Blerkom.
Corporate and capital markets will be key components for the firm's international strategy going forward, with the London office targeting the AIM market.
In July 2006 the firm hired Osborne Clarke partner Simon Fielder and assistant Caroline Grange, who are both specialists in AIM flotations for North American issuers.
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