The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Latham & Watkins has been hit by a rare partner departure with the loss of a New York-based real estate finance lawyer to Sidley Austin Brown & Wood.
Sidley Austin’s 30-plus strong executive committee last week approved the hire of Brian Krisberg who has been with Latham since 1996 following a stint at Milbank Tweed Hadley & McCloy.
It is understood that management and executive committee member George Petrow, a securities and corporate finance partner with a specialism in the securitisation of commercial mortgage loans, sponsored Krisberg’s move to Sidley Austin.
Latham posted higher average profits per partner than Sidley Austin for the last financial year, at $1.2m compared to $900,000. However, sources state that Sidley Austin has a larger "platform" in real estate financing compared to Latham & Watkins.
Latham is committed to significant expansion of its real estate finance practice in the near future.
Although it has suffered a loss, Latham has in the past few months had a good run of laterals and most recently scored a major coup taking on four partners from New York powerhouse Skadden Arps Slate Meagher & Flom, including debt star Marc Hanrahan.