Profits at Clifford Chance have tumbled by 13.4 per cent, nose-diving to £558,000. The firm reported the precipitous decline in income, compared to the average profits per partner (PPP) £644,000 in the previous year, as it revealed that billings for the year ended 30 April 2004 had fallen just marginally by 2.9 per cent. Stuart […]
Reading’s Boyes Turner has recorded its fifth consecutive year of revenue growth. Turnover was up 15 per cent, from £7.2m to £8.3m. Final profit figures were not yet available but chief executive Andrew Chalkley sa… Reading’s Boyes Turner has recorded a fifth consecutive year of revenue growth. Turnover was up 15 per cent, from £7.2m […]
LeBoeuf Lamb Greene & MacRae has poached US rival Vinson & Elkins’ London managing partner. John LaMaster, a US-qualified M&A and project finance lawyer, is joining LeBoeuf’s office as a partner. His departure follows the recent defection of Vinson’s Moscow head Douglas Glass who left for Akin Gump Strauss Hauer & Feld two months ago. […]
Clifford Chance’s West Coast practice has lost another two partners, making a total of three defections in just one week. Securities litigation partners Dean Kristy and Kevin Muck, both San Francisco-based, are leaving for Fenwick & West. Their move arrives just two days after partner Craig Waldman jumped ship for Cooley Godward’s Palo Alto office. […]
Profits at Speechly Bircham have rebounded this year, rising by 10 per cent. Average profits per partner (PPP) reached £265,000 for 2003-04, in stark contrast to the 21 per cent decline in remuneration Speechly Bircham recorded in the previous 12 months. Although the firm is still to reach the heights it achieved in 2001-02 when […]
Watson Farley & Williams’ New York office has raided Shearman & Sterling for a new partner for the second time in 12 months. Stephen Millman, a senior partner specialising in tax and leasing, will move to Watson Farley’s New York office on Monday (24 May). On joining he will be reunited with his former Shearman […]
Allen & Overy has appointed finance partner Neil Weiand as senior partner for Germany. Weiand, who is just 42, replaces Arndt Overlack who has stepped down. Cornelius Fischer-Zernin has been re-appointed as managing partner for Germany for a second term.
Trowers & Hamlins is losing an employment partner to Kendall Freeman just as the firm recruits a team of three public sector specialists from Nabarro Nathanson. Employment partner Neil Adams is leaving for Kendall Freeman, where he will become head of employment, taking over from David von Hagen, who is opting out of the City […]
The Law Society has formally validated the first ever firm-specific LPC devised by Linklaters and the College of Law. It is hoped this will pave the way for the college to pioneer similar firm-specific LPCs with Allen & Overy and Clifford Chance – the two other firms leaving the City LPC consortium to work exclusively […]
Regional law firms have shrugged off the economic malaise impacting their City contemporaries by reporting solid figures for the last financial year. Pannone & Partners, Ward Hadaway and Hill Dickinson have all seen turnover for 2003-04 substantially increase. Manchester’s Pannones saw billings grow by a robust 20.4 per cent to £29.5m, Ward Hadaway reported a […]
Dundas & Wilson has recruited its sixth new partner in as many months with a former Tite & Lewis partner. Tax expert Jim Hillan will join the Scottish giant on 1 June. He will focus primarily on supporting property transactions handled by the firm’s 80-strong national practice. Hillan was previously at Clifford Chance before becoming […]
US firm Reed Smith has recruited former Cadwalader Wickersham & Taft partner Vinay Ganga after a spell at One Essex Court. Vinay Ganga, a dual UK-Indian qualified lawyer, is a projects specialist with a particular focus on international infrastructure deals in Asia and the Middle East. Ganga left Cadwalader for chambers in February 2003. His […]