Herbert Smith has increased its total of partner promotions to 13 this year, signalling a renewed confidence in business activity. The firm made up 19 partners in April 2001 but dropped to 11 in 2002 after its 2001-02 financial results showed an 8 per cent drop in profits. New partner numbers remained at the same level in 2003.
Litigation dominated promotions at the firm this year, with five lawyers in litigation and arbitration becoming partners compared with three in corporate and just one in finance. As of 1 April, the firm will have 208 partners.
First revealed on www.thelawyer.com 16 March