RPP Revenue Firm Global Total Global rank rank revenue number RPP 2008 2008 2008 ($m) of partners 2008 ($m) 1 13 Sullivan & Cromwell 1,100.00 170 6.47 2 36 Paul Weiss 692 114 6.07 3 50 Cravath 532.5 92 5.79 4 32 Debevoise & Plimpton 761 143 5.32 5 25 Simpson Thacher 904 […]
Employers are keen to find ways of keeping pension liabilities in check as the recession continues to bite. By David Saunders For those of you not immediately familiar with the niceties of salary-related pension scheme funding, a quick recap. In the aftermath of Robert Maxwell’s death in 1991, it became clear that the assets of […]
Top law firm leaders reveal their thinking. By Matt Byrne How serious and far-reaching are the structural changes facing the world’s top law firms? That in essence was the question put by The Lawyer earlier this year to some of the world’s top lawyers. Taking a cue from one of the best-known specialists on law […]
Recently, I ran across a Buddhist proverb: “Do not hope for a life without problems. An easy life leads to a lazy mind.” What might the relevance be to law firms and the Transatlantic Elite in particular? For the eight years prior to 2008, global firms benefited from a benign macro environment with high demand, […]
The recession has seen promotions dry up. Is this a necessary step or a knee-jerk reaction?
An Osborne Clarke partner is being referred to the Solicitors Disciplinary Tribunal (SDT) following a formal complaint made by Clifford Chance’s former UK tax head. In July 2022, ex-Clifford Chance partner Dan Neidle made headlines for a series of posts on the tax arrangements of leading Conservative politicians, including Nadhim Zahawi. He claimed that Zahawi had […]
Simmons & Simmons represented Barclays Bank in an $150m anti-suit and anti-enforcement injunction against Russian state investment bank, VEB. VEB was founded in 1922 as the first international bank of the USSR, and since 2018 it has been chaired by the country’s former deputy prime minister under Putin, Igor Shuvalov. The bank was represented by […]
Quinn Emanuel Urquhart & Sullivan has increased its salary for newly-qualified solicitors (NQs) to £180,000. The US disputes specialist’s other associate salaries will also rise when the move takes effect from June. A 1 PQE associate is set to be paid £195,000, while a 2 PQE associate will be on £220,000. For 6 PQE associates, […]
Quinn Emanuel Urquhart & Sullivan has lost its UK head of competition, a year and a half after he joined the firm. Lambros Kilaniotis left the firm in April, having joined Quinn from RPC (where he was head of competition) in January 2023 to co-head Quinn’s UK competition practice with partner Kate Vernon. In a […]
The latest episode of The Lawyer Podcast is out now. Last week, all eyes were on A&O Shearman, a union hailing Big Law and its future. But in this week’s episode, we consider why so many solicitors are pursuing another future: opening their own firm. A survey from Censuswide on behalf of Harbour Litigation Funding […]
This report contains: an overview of the current Commercial Court judges and the duties they carry out individual profiles outlining each judge’s career path and an analysis of the cases they advocated on and heard
This report contains: ranking of the 50 largest US firms by headcount analysis on the extent to which US firms are increasing their focus on UK-originated work and clients data-rich firm profiles Please note that headcount figures are for the year 2023
This reports contains: detailed analysis of 12 UK top 100 ‘City independents’ exploration of their growth trajectories and strategies amidst industry consolidation and rising costs analysis of increased specialisation within practice areas City independents firms’ efficiency
This report contains: five-year headcount growth analysis at the French firms in the European 100 an analysis of firms’ partnerships examining how long it takes to make partner at France’s elite firms
Read this report to gain insights into: The evolving role of in-house teams amidst market transformations Current attitudes and increased adoption of artificial intelligence tools Organizations’ continued emphasis on flexible working culture Projections for spend on external legal counsel over the next five years Enhanced feedback on quality of service from private practice law firms […]
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European firms see more value in having a physical office in the Square Mile than they do in the Big Apple. Last week, Spanish firm Uría Menéndez became the latest to shut up shop in New York, having been there for 30 years. Uría was the final member of Slaughter and May’s fabled Best Friends […]
Thanks to Paul Weiss, Skadden and Kirkland & Ellis (but mainly Paul Weiss), Linklaters has a few empty chairs at Silk Street. One way a firm can replenish its ranks is through lateral hiring – enter Travers Smith corporate partner Richard Spedding – or internal promotions. Last month, a total of 14 lawyers were made up […]
Paul Weiss’ UK spending spree is far from over. Just a year ago, this firm was small fry among the US City titans. Cue an audacious carve-out of some of Kirkland & Ellis’ superstars last summer and everything changed. That initial raid (which included debt finance heavyweight Neel Sachdev and corporate star Roger Johnson) was […]
In October 2018, the journalist and critic of the Saudi Arabian regime Jamal Khashoggi was murdered and dismembered in the Saudi consulate in Istanbul. The international reaction was swift. Dozens of major organisations, including HSBC, Ford and JP Morgan Chase, dropped out of the planned “Davos in the Desert” Saudi investment summit. “We are going […]
It’s a 90-minute train journey to London and two hours from Bristol. At £29 per sq ft, grade A office rents are a third of the average £90 per sq ft City firms pay. And it has an abundance of lawyers. Slowly but steadily, Southampton is slipping into the mid-tier consciousness as a city in […]
Hill Dickinson has secured another team hire, taking a group of six from Clyde & Co in Newcastle. Shipping partner Stephen Mackin has made the move along with five other colleagues. Mackin joined Clyde & Co in 2017, before which he spent nearly 25 years at Eversheds Sutherland. A former seafarer himself, Mackin specialises in […]
A senior member of Travers Smith’s corporate group has left for Linklaters, after a string of departures from both firms. Richard Spedding has left the firm for Linklaters after 25 years at Travers, making partner in 2003. Working in M&A and equity capital markets, Spedding was also an associate at Freshfields Bruckhaus Deringer for five […]
NatWest’s general counsel – and Linklaters’ former managing partner – Gideon Moore has left the bank after two years, making way for a new chief. Moore has been replaced by NatWest’s litigation general counsel Will Luker. He has worked at the bank since 2003, became litigation general counsel in 2010 and subsequently managed and integrated […]
Orrick Herrington & Sutcliffe has drafted in the former M&A head of Shearman & Sterling’s Italian associate firm to rebuild its transactional capacity in the country. Fabio Fauceglia joins the firm from Studio Legale Associato Shearman & Sterling, bringing with him a team of six lawyers, comprising of counsel Leonardo Pinta and five associates. Fauceglia […]
Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week. Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice. Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]
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