San Francisco-based Pillsbury Winthrop Shaw Pittman and Thelen Reid & Priest are the latest firms to be swept into the West Coast wave of associate pay rises, with both matching the new benchmark of $135,000 (£77,000). Pillsbury announced its hikes yesterday (16 Feb). They apply to associates in the firm’s California, Washington DC and Virginia […]
DLA Piper Rudnick Gray Cary has promoted 59 lawyers to its partnership worldwide in the first promotions since the 2005 merger. The UK offices gained twelve new partners including four each in London and Manchester, plus two each in Leeds, Liverpool and Sheffield. In the US there were 35 newly elected partners. The firm has […]
Davies Arnold Cooper (DAC) has appointed its sixth partner for its Madrid office with the hire of former Landwell litigation head Luis Rufilanchas. Rufilanchas joins DAC from listed property company Inmocaral, where he built up a close relationship with the firm. His move follows the recent sale of Inmocaral for €183m (£125m). Prior to joining […]
McDermott Will & Emery has posted global gross revenues of $799.5m for the 2005 financial year ending 31 December, a rise of 7 per cent from last year’s $745m. Average profit per equity partner stood at $1.28m, a similar 7.5 per cent increase from $1.19m last year, while revenue per lawyer was $773,200. McDermott’s London […]
Salary fever has spread from New York and is threatening to engulf East Coast neighbour Philadelphia. An outbreak in the city was confirmed on Monday (13 February), when Wolf Block Schorr & Solis-Cohen increased its starting salary for first-year associates to $125,000 (£72,000). The same day, Duane Morris announced that it would be raising first-year […]
WilmerHale has posted a global revenue figure of $815m for 2005 up 8.5 per cent from last year’s $750.5m.Global average profit per equity partner (PEP) was also up, hitting $915,000 from $870,000 last year, a 5 per cent increase.In London WilmerHale posted $39m while London PEP was not available.The firm, formerly Wilmer Cutler Pickering Hale […]
Barlow Lyde & Gilbert (BLG) has appointed partner Kevin Bitmead as head of general insurance following the departure of Graham Dickinson. The firm announced this morning (Wednesday 15 February) that Dickinson is “leaving the firm to seek new challenges” and said that the BLG-trained Bitmead is to replace him. Bitmead focuses on personal injury and […]
Paul Hastings Janofsky & Walker has joined the ranks of US firms reporting double-digit growth for 2005, having seen turnover rise 10 per cent. The firm’s gross revenue reached $667m (£384m) last year, up from $609m (£350m) in 2004. The firm also scored a 13 per cent rise in average profit per partner (PEP) to […]
Los Angeles-based firm O’Melveny & Myers has unveiled a 23 per cent increase in profit per equity partner (PEP) for 2005. The firm’s year-end figures, calculated at the end of January, showed an increase in PEP to $1.61m in 2005, up from $1.31m in 2004. Gross revenue was also up 16 per cent to $808m […]
Lovells and Lewis Silkin are facing each other in the employment appeals tribunal (EAT) this morning (Tuesday 14 February) as former investment banker Stephanie Villalba takes her sex discrimination case against Merrill Lynch to appeal. The appeal is set down for two days before a panel led by EAT president Mr Justice Elias. Lewis Silkin […]
Morgan Lewis & Bockius has made a further swoop on Orrick Herrington & Sutcliffe’s US private investment funds practice to take its fourth lawyer in a week. Gary Herrmann has joined his former colleagues Louis Singer, Jedd Wider and Georgette Schaefer, who also defected to Morgan Lewis from Orrick on 6 February. Herrmann, a senior […]
Allen & Overy (A&O) telecoms partner Chris Watson has become the latest partner to leave the magic circle firm. Watson, who joined A&O as a partner from Simmons & Simmons in 2000, will join Dechert’s competition practice in London at the end of the month. He announced his resignation yesterday (13 February). Commenting on his […]