I have been The Lawyer's features editor since 2003. During that time I've overseen numerous data-led projects, in particular the UK 200 Annual Report. I also lead the editorial focus on the operational side of the law, most notably in the new The Lawyer Management newsletter, which includes a weekly column in the print edition, news stories and blogs and will feature a day-long conference and awards in September. My remit covers the entire market but in terms of reporting my focus tends to be on US firms. In 2007 I set up and ran the publication's New York office. On a weekly basis I'm responsible for commissioning and editing several regular articles and columns in the print edition, including opinion articles.
The big squeeze on office costs subscription
Are you reading this while snugly ensconced in your warehouse-sized corner office? Does that make you a dinosaur? Yep, probably.
Richard Susskind revealed his view of the future at the Global Law Summit this week. For many, it’s not pretty
Richard Susskind revealed his view of the future at the Global Law Summit this week. For many, it’s not pretty.
Boris Johnson: Lawyers are amazing. Here’s why subscription
Boris Johnson put London and the rule of law squarely at the heart of the world’s legal market yesterday in his keynote speech at the Global Law Summit.
Addressing law’s need for change subscription
This week’s feature on Royal Mail offers a master class in cultural change.
Punt Peerpoints the way subscription
As the UK contract lawyers market goes into overdrive, the CEO of A&O’s flexible resourcing arm is staying ahead of the curve – watch out world.
Next week one of the biggest legal market events of the year will roll into London. It should be good – it’s been 800 years in the making.
Booming flex market means more career options subscription
Today’s news that turnover at LOD has risen by 500 per cent over the past four years is not only good news for the Berwin Leighton Paisner-backed flexible resource offering. It is a vindication of a model that has moved from the niche to the mainstream.
Lawyers On Demand (LOD), the alternative legal services provider backed by Berwin Leighton Paisner (BLP), has revealed data that clearly reveals the extent of the rapidly growing UK flexible resources legal market.
A growing number of London firms are targeting a reduction in property costs, new research from property company CBRE has revealed.
Ride the wave of change, don’t resist it subscription
Addleshaws’ move into flexible resourcing shows how quickly this part of the legal services market is moving.
Fladgate is bringing in its largest-ever batch of lateral hires, with a total of five partners joining the firm in the space of a fortnight.
US firm Milbank Tweed Hadley & McCloy has announced it is opening a Foreign Legal Consultant Office in Seoul, Korea.
Allen & Overy (A&O) has kick-started the international roll-out of its flexible resourcing division Peerpoint with a soft launch in Hong Kong.
Hot 100 reveals management excellence subscription
If you were still looking for a way to get your year started properly yesterday then you could have done a lot worse than attend the party to launch the Hot 100 2015. A stellar turnout saw a jamboree of lawyers from every corner of the legal market rub shoulders over a glass or two at a jam-packed Royal Exchange.
LLP accounts show health of the UK’s legal market subscription
Financial stability is crucial for any business and law firms are no exception. A survey released last week showed that increasing profitability remains the top concern for the majority of UK firms, despite the fact that the last financial year was a
Law firm management – the highlights subscription
Last month we brought you insight on what it is that makes the job of managing a law firm so tough.
Baker & McKenzie has launched an ‘investigations academy’ aimed at educating its lawyers across all its network on a range of matters relating to regulatory investigations.
DLA Piper has retained its crown as the world’s largest litigation practice by fee income, taking the top spot in this year’s The Lawyer Global Litigation Top 50 ranking with a total litigation fee income of $1.128bn.
The Lawyer Global Litigation Top 50: Executive Summary – The day of the regulator downloadsubscription
Global investigations goes process driven subscription
Next Monday The Lawyer will unveil its annual Global Litigation Top 50 . What, you ask, does this have to do with The Lawyer Management? It’s a fair question but stick with us.
The lot of the law firm leader is not always a happy one. This week’s cover feature unpicks that statement a little. We quizzed dozens of past and present managing and senior partners on what it is that makes the role so tough. Who would have thought that one of the recurring themes would be that it can be “lonely”?
I'm a managing partner… get me out of here subscription
Lonely, a career cul-de-sac, the figurative punch bag, master and yet servant – just some of the ways the managing partner role can be hell. Still interested in doing it? Read on
Who'd be a law firm leader? subscription
Your partners hate you, your clients are deserting you - welcome to the world of the managing partner.
What managing partners really, really hate subscription
This is a Friday leadership column with a difference. Next week’s cover feature targets the trials and tribulations of running a law firm. For that we’ve quizzed some of the best-known names in the market on the toughest things being a managing or senior partner.
Law firm management: the poisoned chalice subscription
Has there ever been a time of more change among the top levels of law firm management? Not that we can remember, anyway.
UK 200 figures show that Olswang has lagged behind its TMT competitors over time, and it will shortly have to cope with the arrival of Cooley in London. With CEO David Stewart now out the door, does the firm have a plan?
Olswang’s former CEO Stewart quits the firm subscription
Olswang’s former CEO David Stewart, who stepped down from his role at the start of October mid-way through his second three-year term, has left the firm.
The revenue produced in the UK by the top 30 international firms has grown by 35 per cent, from $2.6bn to $3.5bn, between 2009 and 2013.
A huge thanks to everyone who made it down to The Lawyer Management Conference yesterday, which focused on all things disaggregated. It was simply a cracking day, with some of the market’s leading thinkers and trailblazers providing practical and indispensable insights into the future of the legal market.
Baker & McKenzie's Leite: trust me, I'm a lawyer subscription
It’s been a busy week for Baker & McKenzie. Around 800 of its partners began descending on London last weekend for the world’s largest law firm’s annual global partners’ conference, colonising three major hotels in the process.
The irony of real estate subscription
Just two weeks to go until The Lawyer Management (TLM) conference and awards on 22 October and here’s some news for those planning to attend the evening’s festivities – comedian Ed Byrne can now be revealed as the host. Cue a collective ‘yay”.
Allen & Overy (A&O) has unveiled plans to recruit up to 100 new roles for its Belfast office over the next five years, a projection that underlines the role the office is likely to play in facilitating the firm’s future growth and which should see it become its second-largest office worldwide.
Baker & McKenzie has confirmed that its current chairman Eduardo Leite is to have a two-year extension to his four-year term.
Size is rarely everything, but often it can help.
Cadwalader Wickersham & Taft has continued its run of London lateral hires with the addition of Ashurst capital markets partner David Quirolo.
Boodle Hatfield has appointed its first female senior partner in its 300-year history, with head of private client Sara Maccallum set to take over the running of the firm on 1 May next year.
Why you need to be more agile subscription
Next month The Lawyer Management conference and awards rolls into town. Over the next few weeks in the run-up to the conference we’ll be looking at some of the operational themes it will be covering, we well as the awards categories in more detail.
Washington DC-headquartered BuckleySandler has opened in London, the firm’s first international office.
DWF is ramping up its agile working capabilities with a raft of initiatives kick-started by its move last Monday into London’s Walkie Talkie building (19 May 2014).
Outsourced services provider Intelligent Office (IO) is opening its second onshore shared services centre in Glasgow.
A good time for a fresh start subscription
Welcome back after the summer break, and welcome to the first print issue of the autumn.
Bakers’ service with an emerald smile subscription
Baker & McKenzie follows Belfast services trail but takes integration to a new level
Baker & McKenzie is to open a global services centre in Belfast, the firm’s second following its centre in Manila which it launched in 2000.
Cheltenham-headquartered media boutique Wiggin has posted a 22.3 per cent increase in revenue for the 2013/14 financial year, from £13m to £15.9m.
Baker & McKenzie has posted its highest-ever revenue, recording a total turnover of $2.54bn (£1.51bn) for the 2013/14 financial year to 30 June.
Burness Paull posts 20% revenue rise to £46.3m subscription
Scottish firm Burness Paull has announced a turnover of £46.3m in the year to 31 July 2014, an increase of 20 per cent on 2012/13.
Ropes & Gray has announced that its high-profile London co-managing partners Maurice Allen and Mike Goetz are to redefine their roles for the first time since the office launched five years ago.
Morgan Lewis has swooped on Edwards Wildman’s London office hiring corporate head David Ramm, in a move that will raise further questions about the future of the group.
Simpson Thacher & Bartlett finance partner Sinead O’Shea is relocating from Hong Kong to London, where she will become the elite US firm’s first female partner based in the City.
DLA Piper white-collar corporate crime partner Jo Rickards, who represented former News of the World (NotW) editor Andy Coulson in the recent phone-hacking trial, is leaving the firm to join Kingsley Napley.
UK firms look to grow on home soil subscription
These days it’s all about global growth. Right? Not according to our feature today.
The Lawyer Management Awards shortlist revealed subscription
Showing admirable innovation and imagination, our shortlisters are guiding lights on the long road to law firm efficiency
Mishcon de Reya has posted its financial results for 2013/14, which reveal a doubling of turnover since 2009.
The total fees paid to lawyers on public M&A deals over the first half of calendar year 2014 fell by 35 per cent compared with the previous six months, research by The Lawyer has found.
Deals junkies scan horizon in hope subscription
Are deals back? You might not think so from reading this week’s feature on public M&A fees
Olswang has reported a 7 per cent growth in revenue for the 2013/14 financial year, with total turnover rising from £110m to £117.6m.
A&O has posted record results, but does it matter that the uptick can’t match that at rival Clifford Chance?
A Guide to your future subscription
Yesterday a swathe of the great and the good of the UK legal market in the form of the judging panel for this year’s The Lawyer Management awards - along with yours truly – jammed themselves into a corner office at The Lawyer Towers to thrash out the shortlist.
Total revenue at Allen & Overy (A&O) rose by just 2 per cent last year from £1.21bn to £1.23bn in 2013/14, despite the firm having posted a 7.5 per cent rise at the half-year stage.
Orrick’s London office has announced its second major partner hire in the space of a week, with confirmation that the former head of Proskauer’s English law finance practice Michael Crosby is joining the firm.
Introduction: Quality is still the best policy subscription
Innovation and disaggregation might be the latest legal buzzwords but our in-house survey reveals that the most important factor when choosing a law firm is good old-fashioned quality
In-house lawyers are not buying the much-trumpeted disaggregated legal services firms are offering them, exclusive research by The Lawyer has found.
Orrick is hiring a corporate partner from the London office of Edwards Wildman as speculation mounts about additional exits from the US firm.
What clients really think about disaggregation subscription
Do your clients care how innovative you are? This is one of the questions that will be posed in the annual The Lawyer Management Guide: Delivering Legal Services Differently, published on 30 June. We’ve already published short excerpts from the Guide, on knowledge management and finance. ...
Mishcon de Reya is gearing up for a move out of its Red Lion Square headquarters and up the road to the Grade II listed Africa House on London’s Kingsway.
The results that matter subscription
Today we’re talking results. First up, there’s still time to enter this year’s The Lawyer Management awards – don’t miss out on the chance to win one of the year’s biggest prizes for operational excellence. This is every firm’s chance to acknowledge all the hard work being done by the members of their business support teams, which right now largely equates to finance professionals, if the plethora of financial results is anything to judge by.
CMS has announced its financial results for the year to 31 December 2013 and revealed flat global revenue flat, rising by 0.5 per cent from €837.7m (£711.5m) to €842.1m (£715.2m).
Don’t miss out on TLM awards subscription
First the big news. Bowing to popular demand, as one does, the deadline for entries to this year’s The Lawyer Management Awards has been extended by two weeks to Friday 6 June.
Freshfields’ ex-CIO heads to US software company subscription
Being the chief information officer (CIO) of a law firm is no piece of cake. So it’s no surprise that the former CIO of Freshfields Bruckhaus Deringer Paul Domnick caught the eye of software and risk management company Litéra
Fladgate has kicked off the 2013/14 financial reporting season by posting a 16 per cent rise in turnover, with total revenue hitting a record £32.6m.
Tax code breakers subscription
Firms have been frantic pondering HMRC’s new LLP rules and found a way to comply, but not how the taxman intended
1-0 to firms but HMRC will be back subscription
HMRC’s plans to change the tax treatment for LLP members had a big impact on lawyers.
When capital called subscription
Allen & Overy did it February, Freshfields Bruckhaus Deringer followed in March and
Individualism benefits the bench subscription
How much dissent is appropriate? In the Supreme Court, it is a timely question.
Practice management: Back-room boost subscription
The focus is firmly on delivering legal services efficiently, and one way firms can achieve this is by improving the skills of their support staff
Latham & Watkins has topped The Lawyer’s annual ranking of the 30 largest international firms in the UK by revenue for the first time, with UK revenue hitting an all-time high of $210.6m.
Litigation powerhouse Quinn Emanuel Urquhart & Sullivan has dropped out of The Lawyer’s annual top 30 international firms in London table this year following the resolution of two of its largest cases during 2013 and a reduction in UK turnover of 28 per cent.
Wright Hassall is no outlier subscription
Firm points out a close reading of its accounts shows a healthy debt position
A year ago Tollers’ debt position put it on the brink. A year later things are looking much better. Managing partner Duncan Nicholson reveals how.
Debt: Red lines subscription
Debt can kill a firm but it can also fund ambition. Our first-ever market snapshot shows firms in the UK 200 getting into it in a big way
Herbert Smith Freehills (HSF) has come top of the charts of UK firms ranked by debt in new data compiled by The Lawyer.
Knowledge management: Unleash the power subscription
Information and experience are invisible yet valuable assets which some firms are leveraging to build stronger client relationships
NetNames is preparing for its first-ever review of its external legal services providers, with a reduction of firms used by the internet domain names registrar looking likely.
The April year end is almost here, and a law firm leader’s thoughts turn to financial reporting. And fish.
Peter Rees QC, the former legal director of Royal Dutch Shell, is joining Thirty Nine Essex Street as a counsel with immediate effect.
Need a .law web address? Then NetNames group GC Andy Southam is the go-to man for legal know-how
Mishcon de Reya is launching a business crime unit with the hire of Alison Levitt QC, the principal legal adviser to the Director of Public Prosecutions (DPP).
Follow the yellow-brick M1 subscription
BLP joins Northern trek, with plans to open a Manchester outsourcing hub
Say hi to low-cost Manchester subscription
Berwin Leighton Leighton (BLP) jumped on the low-cost legal work bandwagon this week when it unveiled plans to open an office in Manchester. Managing partner Neville Eisenberg was at pains to stress that this was more than just your typical commodity offering, describing it as part of a four-pronged process mapping and outsourcing ...
Reed Smith has posted a 6 per cent increase in turnover for the 2013 financial year, with total revenue rising from $1.013bn to $1.075bn.
The London office of Quinn Emanuel Urquhart & Sullivan has posted a significant fall in revenue for the 2013 financial year, with total turnover dropping by almost a third from £27.5m to £19.8m.
Debevoise & Plimpton has posted a 2 per cent rise in total revenue for the 2013 financial year, with turnover growing from $675.43m to $688.2m.
US firm Pillsbury has bolstered its English law capability with the hire of a five-lawyer transportation finance team from the London office of DLA Piper including partners Graham Tyler, the former head of the asset finance practice, and Debra Erni.
Patton Boggs and Squire Sanders: a fine romance? subscription
Patton Boggs and Squire Sanders are flirting, but will it end in marriage?
Akin Gump has posted a 7 per cent rise in turnover for the 2013 year, with revenue growing from $775m to $828m.
It’s a battle out there subscription
Could the competition in today’s frantically consolidating legal market get any more intense? Well, yes, probably, though the spate of merger talks here and abroad including Wragges and Lawrence Graham,
Squire Sanders in merger talks with Patton Boggs subscription
Squire Sanders has confirmed that it is in early stage merger talks with Patton Boggs, the Washington law and lobbying firm.
Fladgate raises £1m in HMRC capital call subscription
Fladgate has overhauled its partnership structure ahead of the introduction of HMRC’s new rules on the tax treatment of fixed-share partners.
Paul Hastings hits $941m as key financials rise subscription
Paul Hastings has posted a 3.6 per cent rise in revenue for the 2013 financial year, with turnover increasing from $908m to $941m.
HMRC has given the green light to a wave of capital calls at LLPs across the UK, but its much-anticipated updated guidance on the tax treatment of salaried members is still likely to give firms several finance-related headaches.
Bingham has posted its biggest decline in firm-wide revenue for 20 years, with total turnover for 2013 falling by 12.6 per cent from $871.8m to $762m.
BT has hired a new competition general counsel from Sky following last year’s internal restructuring of BT Retail and a subsequent reorganisation of the telecoms company’s legal teams.
More than half (56 per cent) of merger discussions between law firms are ending in failure according to research from accountancy and investment management group Smith & Williamson.
Banks under pressure as demand for HMRC loans soars subscription
The UK’s leading banks are struggling to cope with the demand for new loans from fixed-share partners (FSPs) in the run-up to tax law changes on 6 April.
The head of Freshfields Bruckhaus Deringer’s London arbitration group Constantine Partasides is leaving the firm to launch an arbitration boutique with former partner Jan Paulsson.
The London office of Baker Botts is launching a new flexible resourcing initiative that will see it hire lawyers, potentially on a full-time self-employed consultancy basis, to fill a range of areas it currently sub-contracts out to UK firms.
Dickson Minto is beefing up its banking department with the hire of Weil Gotshal & Manges senior associate Chris Barron, who is joining the firm as a partner.
NIC changes: further guidance required subscription
The ongoing saga around HMRC’s tax changes has continued gathering pace over the past few days. Several firms, including TLT and
White & Case has posted a double digit rise in profit for the second year running, with average profit per equity partner (PEP) up 10 per cent for 2013.
Here comes Cooley, what's not to like? subscription
California’s Cooley, Facebook’s lawyers of choice, has its eyes on a London opening. Eventually.
DLA Piper pulls out of Heenan Blaikie Canada deal subscription
DLA Piper’s plans to enter the Canadian market have been put on hold after its talks with a group of lawyers from collapsed firm Heenan Blaikie collapsed yesterday.
Ben Larkin, the head of the restructuring practice at Berwin Leighton Paisner (BLP), has become the latest high-profile partner to quit the firm.
DLA-Team gets a new leader subscription
Meet Simon Levine – the ‘switched-on guy’ destined to take the co-CEO role
Who is Simon Levine? The man taking over from Sir Nigel Knowles as DLA Piper co-CEO might not have the same level of entrepreneurial bombast as his predecessor, at least according to some sources, but word is he is the right man to take DLA Piper onto the next stage of its development.
Dechert is targeting growth in Asia following what chief executive officer Daniel O’Donnell described as “a year of consolidation” in 2013.
Fladgate has continued its recent run of lateral hires with a pair of partners from Dentons and Ashfords.
White & Case has been disqualified from acting on one of its flagship cases, the $2bn oligarch litigation between Ukranian industrialist Victor Pinchuk and his rivals Gennady Bogoliubov and Igor Kolomoisky, after a conflict of interest.
First wave of HMRC consultations kick off subscription
The slow-burn impact of HMRC’s looming changes to partnership tax are starting to be felt. Not yet in anyone’s pocket – you’ll have to wait until 6 April for that – but in the growing number of firms that have launched consultations with their salaried members.
Trowers & Hamlins and Kennedys have become the latest top 100 firms to launch consultations with their partners over their response to HM Revenue & Customs’ (HMRC) proposed changes to the partnership tax regime.
Duane Morris is launching in Shanghai via its Asian joint law venture, Duane Morris & Selvam.
We predict a riot of litigation activity subscription
Welcome back to the start of the New Year proper and The Lawyer’s first print edition of 2014.
Rocket Lawyer, the US West Coast online legal services start-up that launched in the UK a year ago, is planning to expand its offering into Northern Ireland and Scotland next year.
Herbert Smith Freehills (HSF) has confirmed the appointment of global head of disputes Sonya Leydecker and former legacy Freehills managing partner Mark Rigotti as joint chief executive officers.
British Medical Association (BMA) group legal director Jonathan Waters has resigned from the professional body to set up a healthcare, HR and legal consultancy.
The London office of Jones Day is piloting the use of damages-based agreements (DBAs), making it one of the few major firms to offer these alternative fee arrangements (AFAs) since new regulations came into force in the UK earlier this year.
HM Revenue & Customs (HMRC) has published its “dramatic” proposals for changes to the partnership tax regime, a move aimed at dealing with the so-called ‘disguised salary’ of LLP members that looks set to create upheaval in finance teams across the UK.
A heavyweight roster of firms along with the British Government swung into action in a Texas courtroom last week to help BP challenge a US ban on it bidding for federal government contracts.
Squire Sanders and Mayer Brown have emerged as the biggest fallers in the main table contained in this year’s Global Litigation Top 50 report (9 December 2013), The Lawyer’s exclusive analysis of the world’s top 50 litigation practices by revenue.
The world’s top 50 litigation practices generated a record $24.3bn (£14.9bn) last year, exclusive new data produced by The Lawyer for this year’s Global Litigation Top 50 report has revealed.
The Lawyer Global Litigation Top 50: Flex appeal subscription
Litigation is an engine room of firms’ earnings but many clients, keen to keep a grip on the purse-strings, are forcing a reworking of fee arrangements
The hourly rate is fast becoming an anachronism and firms must heed client warnings and foster more flexible solutions, say general counsel
Deloitte the winner in UK 200 audit race subscription
Deloitte has emerged as the dominant player in the UK law firm audit market, new research by The Lawyer has revealed.
Auditors under the spotlight subscription
With the recent demise of Manches, we examine the auditors and the complex task of determining a firm’s health
Addleshaw Goddard’s Manchester-based Transaction Services Team (TST) celebrated its third anniversary last week, with the firm saying it is now ahead of its target of delivering 10 per cent of its work through the TST by 2015.
Washington DC-based intellectual property (IP) firm Finnegan Henderson Farabow Garrett & Dunner has launched in London but has confirmed the closure of its office in Brussels.
Last night the now-traditional end-of-year curtain closer on legal market battle of the bands Law Rocks, the Six of the Best competition featuring previous winners, rolled its rowdy rock ‘n’ roll show into London’s 100 Club.
Olswang revenue up 15% at half-year stage to £57.6m subscription
Olswang has reported un-audited half-year numbers that show an increase of 15 per cent on last year’s six-month revenue, with the technology, media and telecoms firm booking a total of £57.6m.
Legal Harmony launches choir competition for lawyers subscription
The first dedicated choral competition in the legal sector is being launched today by Legal Harmony, following in the footsteps of Law Rocks, which has established itself as the top battle of the bands event in the legal sector.
Law Rocks Unplugged: the charity fundraiser and the Wild Sex Party videosubscription
A change of venue, a change of pace and a mighty change in decibel levels were all on display at the first-ever all-acoustic Law Rocks!, the legal market battle of the bands charity fundraiser which rolled into town again on Wednesday (6 November).
Legal process outsourcing (LPO) provider Exigent has expanded its traditional business model with the acquisition of Bangalore-based contract lifecycle technology company mLegal.
Fladgate has posted a double-digit increase in turnover and a 10 per cent rise in profit for the 2013/14 half year, with a 15 per cent turnover hike to £14.84m over the like-for-like period.
Boodle Hatfield quits Mayfair for Bankside subscription
Boodle Hatfield, which has the most expensive offices of this year’s UK200 firms, has confirmed that it is to move to new offices in London’s Bankside, with the firm’s flagship premises set to open in July 2014.
DWF has reduced its total lockup by 33 per cent since 2009, figures published in this year’s The Lawyer UK200 Annual Report have confirmed, with the expansionist firm posting a 51 per cent reduction in work in progress (WIP) over the same period.
The Lawyer UK 200: Getting down to business subscription
This year’s UK 200 shows how firms are battling a feeble economy with ruthless efficiency. A decade ago those words would most likely be employed to describe a 12-month period of booming revenues and profits across the UK’s largest firms, driven by debt-fuelled M&A and a buoyant legal market. That was certainly not the case in 2012/13
UK 200: Financial management subscription
Our exclusive lockup and WIP figures show firms are having to clamp down hard on the housekeeping to stay afloat. It will come as a surprise to very few reading this that the trend for lockup across the UK 200 is upward.
UK 200: Operational efficiency subscription
Business techniques are transforming law firms, helping them battle the slow economy. At last month’s inaugural The Lawyer Management conference and awards, one of the key themes was how the UK’s top firms are increasingly driving efficiencies in their businesses through better use of technology, a sharper focus on financial management and an all-round clearer perspective on the importance of the operational side of the delivery of legal services.
The Lawyer UK 200: hundreds of metrics now online subscription
Today sees the publication of The Lawyer UK 200 Annual Report 2013, the culmination of some six months’ data collection, interviews and research into the financial health of the UK’s largest law firms.
Mishcon de Reya has held its first-ever management elections for both the managing partner and heads of department positions.
Mishcon de Reya has announced the appointment of a former senior Government communications adviser to the newly created role of external affairs director.
Hogan Lovells has hired a senior transfer pricing specialist from turnaround business Alvarez & Marsal in its London corporate tax team.
BLP confirms 40 per cent cut in profit for 2012/13 subscription
Berwin Leighton Paisner (BLP) has unveiled its 2012/13 profit figures, revealing a 39 per cent drop in average profit per equity partner (PEP) and a 38 per cent drop in net profit.
Boodle Hatfield has posted a 2 per cent rise in turnover to £20.7m for the 2012/13 financial year, marking the first time that the until now publicity shy firm has reported its year-end results.
Cadwalader Wickersham & Taft has ramped up its London asset-backed securitisation team with the hire of two partners from Mayer Brown into its global capital markets practice.
Baker & McKenzie has hired the head of McDermott Will & Emery’s European M&A practice Mats Sacklén in an effort to bridge the corporate divide between London and Stockholm.
Tony Angel on the future of legal services: more investment, better technology, bigger footprint videosubscription
The global co-chairman of the world’s largest law firm, DLA Piper’s Tony Angel, is targeting significant growth in China and Asia along with potential expansion to other emerging economies such as Africa and South America over the next decade.
Seven more transatlantic mergers, the end of the magic circle and the disappearance of 25 of the current top 100 by 2018 are just some of the wide-ranging predictions made in today’s crystal ball-gazing issue of The Lawyer.
A&O's Morley on the future of legal services: reinvent or disappear videosubscription
Allen & Overy (A&O) senior partner David Morley says the world’s top firms will need to reinvent themselves over the next decade if they are to remain competitive.
Baker & McKenzie has unveiled its 2012/13 financial results, posting a record global turnover along with double-digit growth in average profit per equity partner (PEP) for the financial year ending 30 June.
Variety is the spice of legal life subscription
It’s not every day The Lawyer puts a bona fide rock star on its cover.
SJB merger may spark domino effect subscription
What just happened? At the risk of sounding hyperbolic, the $1bn merger of SJ Berwin (SJB) and King & Wood Mallesons (
UK200: On track at TLT subscription
A national expansion drive has driven revenues up at TLT.
Challinors calls in corporate recovery firm as it faces High Court battle over £250k loan from ex-client subscription
Midlands firm Challinors is being sued over its alleged failure to repay a £250,000 loan and is in talks with corporate recovery specialists about the future of the firm.
Cripps looks to dominate Kent with Vertex Law merger subscription
Tunbridge Wells-headquartered Cripps Harries Hall will merge with fellow Kent firm Vertex Law at the end of September.
US firm Edwards Wildman Palmer has launched a veterans placement programme aimed at introducing former armed service personnel to new careers in the civilian workforce.
Baker & McKenzie’s London office will target emerging markets, global compliance and fixed-fee deals under a plan unveiled last week by new City managing partner Paul Rawlinson.
Celebrity defence lawyer Nick Freeman, better known as Mr Loophole, is turning his attention to defending a new breed of client.
Riots at Law Rocks! as Harbottles steals crown subscription
Pop superstardom came to legal market battle of the bands Law Rocks last night in the legendary form of Blur’s drummer Dave Rowntree, who graced a judging panel tasked with finding a winner from a record eight raucous and unusually sweaty lawyer-led bands.
Latham & Watkins is putting its lawyers at the centre of its knowledge management (KM) strategy by rewarding them with full billable hours credit for time spent on approved projects.
The role of in-house lawyers is expanding beyond its traditional focus on legal work to include an increased focus on business issues, new research has revealed.
A heavyweight roster of lawyers is gearing up for the latest instalment of the High Court battles between billionaire oligarchs, in what could become a re-run of the mammoth Berezovsky v Abramovich legal battle.
PE lessons: investing in the law subscription
New ways for private equity to invest in the UK legal sector are emerging as the market reaches “a point of maturity”, according to a recent seminar for potential investors hosted by Armstrong Transaction Services.
What lies behind Macfarlanes’ double digit growth?
Eversheds has posted a 2.7 per cent increase in turnover for the 2012/13 financial year to £376m, a similar rate of revenue growth as in 2011/13.
Law firms are falling short when it comes to the effective management of key client relationships, new research has found.
Taylor Wessing’s former managing partner Michael Frawley has been appointed as director of New Zealand’s Museum of Transport and Technology (Motat), three years after leaving the UK firm.
The charity Carbon Leapfrog, which works with a range of top 100 UK law firms on renewable energy projects, has spoken out against the British Government’s backing this week of the shale gas industry.
Weil Gotshal & Manges is laying off more than 150 lawyers and staff from in one of the biggest cost-cutting exercises in years to hit an American law firm.
When change is inevitable... subscription
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out
People management, process efficiency and business development are the highest priorities for improvement among the UK’s top 200 law firms, The Lawyer’s exclusive research into change management has found.
Addleshaws' process-mapping divides opinion subscription
Addleshaw Goddard story reveals chasm between modernisers and conservatives
Lawyers on Demand (LoD), the Berwin Leighton Paisner (BLP)-backed legal resourcing business which has until now provided lawyers to in-house teams and other law firms on a secondment basis is rolling out a new pay-as-you-go service.
Addleshaw Goddard is rolling out a new legal process-mapping initiative across more than 40 of its primary transactions in an attempt to provide cheaper and more efficient services to clients.
As many as 160 UK firms are facing financial difficulties according to the Solicitors Regulation Authority (SRA), with eight judged as being at an “immediate risk” of collapse.
Law Rocks 2013: The music, the bands and the buzz subscription
Legal market battle of the bands Law Rocks rolled into town once again last night with a show that was almost stolen by first timers Michelmores.
Bingham develops its City link videosubscription
As the US firm turns 40 in London, its strategy of expanding slowly is paying off
Olswang is expanding its back office financial analysis team in an effort to meet a growing demand from its lawyers for pricing-related data and market intelligence.
Bird & Bird revenue rises 6 per cent to £249m subscription
Bird & Bird has posted positive financial results for 2012-13, with turnover rising by 6 per cent from £235m to £249m.
Olswang has reported a 3 per cent growth in total revenue, from £108m last year to £111.3m in 2012/13, while average profit has fallen by 4 per cent.
New law firm leaders must learn fast subscription
Bird & Bird confirms new London HQ for 2016 subscription
Bird & Bird this week confirmed that it had signed up to one of the largest pre-lets ever handled by Great Portland Estates (GPE), a 12 storey, 142,500 sq ft new office space at 12/14 New Fetter Lane.
Bakers lawyer expelled from Russia in spying row subscription
A Baker & McKenzie lawyer has been expelled from Russia amid claims that he turned down attempts by the country’s intelligence service to recruit him as a spy.
Forster Dean CEO Greg Shields exits subscription
The chief executive of Liverpool-based personal injury specialists Forster Dean, Greg Shields, has left the firm.
All eyes on energy subscription
The arrival of Texas firm Andrews Kurth in the UK proves how busy the oil and gas market has become. But the sector’s high level of activity has caught the eye of the European Commission
Promotions figures indicate bleak times subscription
The general downward trend - at least in the UK - highlighted in this week’s partnership promotions feature didn’t obscure some major changes dotted throughout the annual rounds.
Magic circle firms Linklaters and Clifford Chance have been instructed by two of the oil majors that faced dawn raids by the European Commission this week.
Texas firm Andrews Kurth is set to become the latest US oil and gas player to target the UK market with a London launch.
Keating Chambers senior clerk Nick Child is leaving the set to join Navigant Consulting as managing director and head of global market development for the company’s global construction practice.
Is it you? The Lawyer Awards shortlist unveiled subscription
The Lawyer today unveils the shortlist for The Lawyer Awards 2013, with firms and teams of lawyers jostling for recognition for their contribution to the profession.
Lawyers are among the nation’s biggest daydreamers with eight in 10 claiming that regular daydreams help improve their performance at work, a survey conducted by hotel chain Travelodge claims.
SRA CEO Antony Townsend to stand down subscription
The Solicitors Regulation Authority’s (SRA) chief executive Antony Townsend has announced today that he will?be stepping down later in the year.
Leeds-based Shulmans has posted its 2012-13 financial results which show a continued rebound from a significant drop in revenue three years ago.
Shearman makes its Deutsche mark subscription
Firm promises ‘elite’ operation in Germany - that’ll be smaller then
Scottish firm Harper Macleod has posted record financial results that reveal solid growth in what continues to be a tough local market.
Quinn Emanuel Urquhart & Sullivan has hired one of the best-known products liability lawyers in the US, Skadden Arps Slate Meagher & Flom’s mass torts and insurance group co-head Sheila Birnbaum, as a partner in its New York office.
Shearman & Sterling is closing down two-thirds of its German office network, with many of the lawyers in Düsseldorf and Munich set to lose their jobs with the US firm.
Olswang governance review leads to management rejig subscription
Olswang has followed the re-election of David Stewart as CEO with the creation of a new eight-person executive committee that will run the firm from 1 May.
US firms are on a hiring drive to gain clout in London and boost their English law capabilities, and the tactic is paying off
Intelligent design subscription
Access to sophisticated business intelligence is critical in a fast-changing market, but at many firms the technology is not up to the job
Cripps Harries Hall has announced that Jonathan Denny, its managing partner for the past 23 years and the first lawyer to hold that title at the firm, is standing down at the end of April.
Simmons technology director jumps ship for Berrymans subscription
Simmons & Simmons’ director of business transformation Abby Ewen, one of the best-known IT professionals in the UK legal market, has left the firm and joined Berrymans Lace Mawer as IT director.
Jones Day is completely refurbishing its London office, which has seen headcount grow dramatically in recent years, in a bid to avoid a costly premises move.
Fladgate has posted a provisional 8 per cent rise in turnover for the 2012/13 financial year, with total revenue rising from £25.9m to £28m.
Olswang chief executive officer David Stewart has been re-elected for a second three-year term, effective from 1 May.
Irish firm Mason Hayes & Curran has posted a 5 per cent rise in total revenue for the 2012 financial year, with turnover rising to €44.4m.
Bird & Bird has formed a strategic cooperation agreement covering French-speaking Switzerland with local firm BCCC Avocats.
Integreon suffers setback subscription
Bad news for outsourcer Integreon as two top legal clients pull work back in-house
Camerons is shutting down part of its facilities services arrangement with Integreon, becoming the latest in a growing number of UK firms to change elements of its relationship with the outsourcing provider.
K&L Gates' Kalis renews attack on Swiss Vereins in video interview videosubscription
K&L Gates chief Peter Kalis renews his attack on the Swiss Verein model of law firm growth, disputing whether there has been a growing “market acceptance” for the structure.
Weil Gotshal & Manges has posted a 21.6 per cent increase in London office revenue for the 2012 financial year.
Peter Kalis interview: All clear subscription
Clarity is K&L Gates boss Peter Kalis’s not-so- secret weapon in putting clear blue water between his firm and others’ opaque financial reporting
British Medical Association GC: Cut and thrust subscription
At a time of public sector cutbacks, British Medical Association GC Jonathan Waters is more than willing to stand up for his members’ interests
DLA Piper takes the gong at Law Rocks Los Angeles subscription
Earlier this month a little bit of London legal market rock ‘n’ roll came to LA in the shape of the second annual Law Rocks! Los Angeles.
More than 85 senior in-house counsel with a combined spend of at least £350m will meet in Lisbon later next month for the annual The Lawyer In-house Strategy Summit, the leading general counsel forum for discussion of business law issues.
City firms should cut salaries significantly for newly qualified (NQ) lawyers if they are to halt a jobs exodus to the regions and in-house legal departments.
The formula for lateral hire success subscription
Two years ago Mark Brandon, the founder of Motive Legal Consultancy, exclusively provided The Lawyer with innovative research into the UK’s partner recruitment market.
Akin Gump's new head puts London at firm's core subscription
Akin Gump chairman-elect Kim Koopersmith has pledged to make the development of the firm’s London office one of her core strategies.
Reed Smith-BPP LPC available to all from September subscription
A legal and business postgraduate qualification launched by Reed Smith and BPP last year is to be made available on the open market from this September.
Gibson Dunn's UK revenue falls despite global growth subscription
Gibson Dunn & Crutcher’s UK revenue fell by 11 per cent in 2012 despite the firm posting a double-digit rise in turnover globally.
Bird & Bird confirms merger with Danish IP/IT boutique Bender von Haller Dragsted (BvHD) will go live on 1 May 2013.
Partners on the move at Herbert Smith Freehills subscription
Getting that queasy feeling, as it’s all action on the HSF partner roundabout
Baker Botts has expanded its Middle East operations by formingan alliance with the International Legal Group (ILG) of Kuwait
Exclusive video interview with Rudy Giuliani: we will replicate New York success in City videosubscription
Former New York mayor Rudy Giuliani outlines his firm’s plans to ape its New York growth in London.
Winston & Strawn is set to launch in Brussels off the back of last year’s hires from collapsed Dewey & LeBoeuf (10 May 2012).
US energy law specialist Bracewell & Giuliani’s desire for a pole position in UK shale is fuelling a boost of its City operations
Hogan Lovells has posted a dip of 1.9 per cent in firm-wide revenue, with management blaming exchange rates for the decrease.
BPI secures High Court illegal website crackdown subscription
The High Court has today (28 February 2013) handed down judgment in a major copyright case that has been described as “a wake-up call for illegal websites”
Debevoise posts flat financials for 2012 subscription
Debevoise & Plimpton has posted flat revenues but increased revenue per lawyer for the 2012 financial year.
Reed Smith has posted a 2 per cent increase in total revenue, enough to secure it a total revenue figure above $1bn for the 2012 financial year.
Bingham has posted a dip in average profit per equity partner (PEP) and effectively flat firm-wide revenue growth for the 2012 financial year.
Success and the smaller firm subscription
Today’s feature unashamedly celebrates success. Don’t despair: despite the generally gloomy economic conditions and the demise of firms such as Cobbetts, there are still spots of brightness out there.
The Lawyer Management inaugural awards launches subscription
The legal market’s most-talented and influential professionals will be celebrated later this year.
White & Case has posted a 15 per cent increase in average profit per equity partner (PEP) for the 2012 financial year.
Clifford Chance has elected banking and finance group head Evan Cohen as the firm’s new Americas regional managing partner.
California firm Cooley has posted record financial results for the 2012 year. The firm’s revenue rose by 9 per cent to $617m, the second year in a row that Cooley has achieved revenue growth of at least that level.
Pillsbury Winthrop Shaw Pittman has posted a 10 per cent increase in average profit per equity partner (PEP) for the 2012 financial year along with a near 7 per cent growth in revenue.
Clyde & Co and Eversheds have both launched sector-focused social networking programmes aimed at increasing business development activities, particularly among the firm’s associates.
Rudy Giuliani reveals scale of firm's UK ambitions subscription
Former New York mayor Rudy Giuliani yesterday outlined both the scale of his firm’s ambitions for the UK legal market and the extent to which the ‘shale revolution’ could transform the world’s supplies of energy.
The head of Debevoise & Plimpton’s litigation practice Mary Jo White is expected to be named by President Barack Obama today as the new head of the Securities and Exchange Commission (SEC).
A popular member of the Inner Temple who went missing has returned safe and sound.
Number crunching: Wragge & Co subscription
The tail-end of Wragge & Co’s 2012 was marked by the departure of banking head and asset finance specialist Paula Laird for US firm Squire Sanders, and a three-partner City team including former managing partner Richard Haywood and current corporate chief Maurice Dwyer, who joined RPC.
Almost half of law firm partners think they should be paid more than they are currently, a survey on partner pay and performance by BDO has found.
Salaries for most business support professionals in UK law firms rose last year despite the ongoing tough economic climate, new research has found.
CMS Cameron McKenna has today launched a review of its UK and CEE business that has placed 40 roles in the UK at risk of redundancy.
The head of the trade and export finance group at SNR Denton is leaving the firm to launch the London office of US firm Sullivan & Worcester.
Quinn Emanuel Urquhart & Sullivan’s London office revenue grew by 30 per cent last year, the firm’s provisional financial results have revealed.
Merger activity in the US legal market last year was dominated by small firms, data produced by management consultant Altman Weil has revealed.
Switzerland’s oldest private bank Wegelin & Co is to close after admitting in a New York court yesterday that it had helped its clients evade taxes.
Duane Morris has opened in Palo Alto, California with the addition of former K&L Gates IP litigation partner Karineh Khachatourian, who becomes managing partner of the new office.
HM Treasury has appointed former Freshfields Bruckhaus Deringer partner Peter Bloxham to lead a review of the special administration regime for investment banks (SAR).
The SRA is gearing up for a New Year’s campaign of “proportionate enforcement action” against firms that fail to meet the regulator’s deadline for appointing Colps and Cofas, the new compliance officers required under the outcomes-focused regulatory regime.
Fladgate has posted a 3 per cent increase in turnover at the half-year stage, slightly below expectations at the start of the year.
DLA Piper billed more than $1bn on litigation and international arbitration matters last year, data published in this year’s The Lawyer Global Litigation Top 50 reveals.
Charge of the lit brigade subscription
The Lawyer’s latest Top 50 litigation firms list shows that business for dispute specialists is roaring along while new in-depth detail reveals the winning strategies
A growing number of ‘squeezed middle’ firms are looking to cut their real estate costs through sub-letting, double occupancy or mergers, the annual report from property services provider Jones Lang LaSalle has confirmed.
UK firms are "shying away" from BD, says NatWest subscription
A minority of UK law firms see business development (BD) activities as a priority despite dwindling work levels, according to research from NatWest (part of the RBS group) and BD specialist Huthwaite Legal.
BT buys legal tech provider Tikit for £64.2m subscription
British Telecommunications (BT) has today announced that it has reached an agreement to acquire technology group Tikit for £64.2m.
Alas, poor Orrick subscription
In 14 months Orrick boss Ralph Baxter will move on after 23 years in the job. Is his legacy at risk of derailment by a strategically stalled final few months?
English heritage subscription
The latest instalment in a small but significant trend slotted into place recently when Allen & Overy (A&O) private equity specialist Derek Baird upped sticks for the London office of elite US firm Simpson Thacher & Bartlett.
Chris Barlow, Nomura’s Emea head of corporate legal, relishes a challenge, having seen the Japanese bank through global expansion and recent cutbacks
Mr Merger's legacy in the balance subscription
The tectonic plates of the global legal market shifted an inch or two last week when the replacement of one of the world’s most iconic law firm leaders was confirmed.
Minster and Optima top UK200 debt charts subscription
Minster Law and Optima Legal have emerged as the two firms with the highest reported level of borrowings in this year’s The Lawyer UK200.
The great training robbery subscription
Austerity cuts could leave judges in the dark over implications of Jackson reforms
DLA Piper is understood to be losing four partners from its Manchester office to rival Irwin Mitchell.
Reed Smith’s global managing partner Greg Jordan was formally re-elected yesterday for another three-year term, his fifth.
Good offices subscription
Making the most of your office space is a management priority these days, as exclusive new data in the UK 200 reveals
The new measure of success subscription
Do you know how much money your property generates? Or, to be more precise, how much revenue per square foot of your firm’s real estate your fee-earners are churning out?
Reed Smith has launched an office in Singapore with the hire of two partners from Holman Fenwick Willan (HFW) and a number of internal relocations from London.
The cost of lawyers has accelerated at a faster pace than the revenues they have produced over the last five years, but in the last two years that trend has started to reverse, The Lawyer UK200 reveals today.
There were ugly scenes at London’s iconic 100 Club last night as LawRocks debutante Squire Sanders snatched an unexpected, and in certain quarters highly unpopular, victory from hot favourites Landmark Chambers and the Practical Law Company.
Winston & Strawn has unveiled a raft of management changes including the appointment of a new office managing partner for its London office.
Baker Botts has appointed a new London head in the shape of Steve Wardlaw, an energy lawyer and the former head of the US firm’s Moscow office.
Cadwalader ramps up rebuild with Linklaters hire subscription
Cadwalader Wickersham & Taft has hired one of the City’s best-regarded financial restructuring and insolvency lawyers, Linklaters’ Yushan Ng, as a partner in its London office.
The CMS network, which includes UK firm CMS Cameron McKenna, is considering dropping the ‘CMS’ identity as part of its hunt for a US member.
One track mind subscription
Is CMS one firm or a collection of different practices across Europe? With a US offensive looming, this matters
Fee kick subscription
Turmoil and turbulence – words that pretty much sum up the Spanish economy right now.
Speechly Bircham has posted a fall in revenue for the 2011-12 financial year, with total fee income down by 3 per cent from £59.5m to £57.6m.
Mishcon de Reya has launched a root and branch review of its international strategy in preparation for a new three-year growth plan due to be launched next year.
Mishcon de Reya’s three-year plan, spearheaded by managing partner Kevin Gold, has paid off big-time. Now it’s gearing up for its next big challenge.
Tech giant Square eyes European panel subscription
West coast technology company Square is preparing to appoint a roster of firms outside the US as the business gears up for significant international expansion.
Tech mates subscription
The legal teams working with the world’s leading tech companies
The Lawyer Management: Maclay Murray & Spens subscription
I provide strategic and operational guidance to our chief executive Chris Smylie and the partnership on all aspects of our IT systems and their development. I also ensure effective day-to-day running of such systems.
The London office of O’Melveny & Myers has hired Olswang’s film and TV team head Libby Savill.
Fladgate has hired a corporate partner from Canadian firm McCarthy Tétrault, the London firm’s third partner hire in a week and the latest in a growing string of new arrivals.
The Lawyer Management: SGH Martineau subscription
Jon Preston joined SGH Martineau in 1987 as part of the support function, later becoming marketing assistant, senior manager and then director.
DLA Piper is moving forward with a root and branch review of its practice heralded by the arrival last year of global co-chairman Tony Angel.
Move On Up: Bright sparks subscription
?The top associates are lining up for recognition at The Lawyer Awards 2012. We name the rising stars in the legal firmament
The Lawyer Management: Howard Kennedy subscription
Basil Bagunaid joined Howard Kennedy as an office clerk in 1989 and became facilities director in 2001. He previously worked at Royal Mail and was an insurance clerk at CT Bowring, having graduated in business studies from City of London Polytechnic.
Ex-Bakers partner faces jail over money laundering subscription
A former Baker & McKenzie partner is facing up to 15 years in jail after pleading guilty in New York to money laundering and conspiracy to commit securities fraud.
Olswang has made a significant return to financial form, posting a 17 per cent rise in turnover and a 30 per cent growth in profit in its 2011-12 financial results.
Kirkland's White set for global management role subscription
Kirkland & Ellis private equity partner Graham White is set to take over as de facto head of the US firm’s London office next week.
The Lawyer Management: Cripps Harries Hall subscription
?Adrian Jennings is head of finance and facilities at Cripps Harries Hall. His previous roles have included assistant director of finance at Denton Wilde Sapte (now SNR Denton) and group accountant at Markel Insurance. He trained at Grant Thornton.
Fladgate has posted a 10 per cent rise in total revenue for the 2011-12 financial year, with turnover rising to £25.9m.
Number crunching: Tech IPOs subscription
Last week the much-anticipated initial public offering (IPO) of social networking behemoth Facebook inched a little closer, when it won approval from US government regulators to distribute its S-1 public offering prospectus and hit the road.
Shearman names M&A co-head as next senior partner subscription
Shearman & Sterling has confirmed that M&A partner Creighton Condon will succeed Rohan Weerasinghe as its senior partner.
The Lawyer Management: Bond Pearce subscription
US-qualified lawyer Ben Weinberger previously worked as chief information officer and director of IT for the Los Angeles City Attorney’s Office, at Florida firm Ruden McClosky and, most recently, at Lathrop & Gage in Kansas City. He moved to the UK in July 2011.
Former Dewey Ballantine chief quits Dewey for KPMG subscription
One of Dewey & LeBoeuf’s most senior London partners, Fred Gander, has become the latest to leave the embattled firm.
The Lawyer Management: Morgan Cole subscription
Jeff Wright, partner responsible for information and technology
The Lawyer Management: Olswang subscription
Michelle Elstein is business development (BD) director at technology and media-focused firm Olswang.
The Lawyer Management: Lindsays subscription
Ian Beattie, a chartered accountant and former finance director at Scottish firm Brodies, has been Lindsays’ chief operating officer since November 2007. He focuses on the firm’s financial and operational performance and ensuring that its recent growth is managed effectively.
Dechert names new London head as Fogel steps down subscription
Dechert has announced a new managing partner for its London office, with employment partner Jason Butwick replacing longstanding London managing partner Steven Fogel.
The growing row over private investments made by partners at DLA Piper, exclusively revealed by The Lawyer, shows no sign of dying down, with angry questions asked during a conference call held yesterday with regional partners to discuss the matter.
Edwards Wildman Palmer has posted its first post-merger financial results, revealing an 18 per cent increase in total revenue from $297.9m to $352.7m in 2011.
Paul Hastings’ 2011 financial results, released today (28 February), show revenue dipped 2 per cent last year, from $902m to $884m, while revenue per lawyer (RPL) broke through the $1m barrier to $1.003m.
The Lawyer Management: Brabners Chaffe Street subscription
Janet Pickavance is chief executive of North West corporate and property firm Brabners Chaffe Street. Pickavance has been with Brabners for almost 25 years and has overseen its growth from 47 employees to a workforce of nearly 400.
Mishcon de Reya is pinning its hopes of future revenue growth on its private client base, with the launch of a new business for high-net-worth individuals and wealthy families.
Debevoise & Plimpton has posted a 2.8 per cent increase in revenue for 2011, taking total fee income to $675.5m.
Arnold & Porter has registered one of the largest increases in turnover and average profit per equity partner (PEP) so far in this year’s US firm reporting season.
Hogan Lovells' turnover flatlines in 2011 subscription
Hogan Lovells has posted effectively flat revenues for the 2011 financial year, with turnover reaching $1.665bn compared with $1.664bn in 2010.
K&L Gates has posted record financial results for its London office as its global figures show a drop in average profits per equity partner (PEP) of 4.3 per cent.
Turnover and PEP both up at Latham & Watkins subscription
Latham & Watkins has posted an 11.6 per cent rise in total turnover along with a 14.1 per cent increase in average profit per equity partner (PEP) for the 2011 financial year.
It’s the brand, stupid subscription
Nigel Knowles took DLA Piper from a Northern upstart to a global player. Can Tony Angel push the firm to the next level?
King & Spalding posts double-digit PEP increase subscription
King & Spalding (K&S) has posted its financial results for 2011, revealing a higher than current average increase in both revenue and average profits.
Willkie Farr continues upward revenue trend subscription
Willkie Farr & Gallagher has posted a 3 per cent rise in total revenue for the 2011 financial year with a similar increase in average profit per equity partner (PEP).
High-stakes cases drive Paul Weiss to record year subscription
Paul Weiss Rifkind Wharton & Garrison has posted record financial results for the 2011 year, with turnover up 3.9 per cent to $780m, average profit per equity partner up 1.5 per cent to $3.1m and revenue per lawyer remaining flat at $1.06m.
WilmerHale has posted increases on its key financial metrics for 2011 in a year characterised by new co-managing partner Bob Novick as “solid”.
Dechert posts positive financial results for 2011 subscription
Dechert has posted a 3.5 per cent increase in revenue for the 2011 financial year, with total turnover growing to $671m.
Cooley reports turnover and profit rise subscription
California-headquartered Cooley has posted positive financial results for turnover, average profit and revenue per lawyer for the 2011 year.
The Lawyer Management: BPE Solicitors subscription
BPE Solicitors HR director Julia Jones is also head of the Cheltenham firm’s in-house HR consultancy, which operates alongside the legal teams.
SNR Denton has posted positive results in the US side of the business on all the key metrics for the 2011 financial year.
Mayer Brown has become the latest US firm to post financial results for 2011, with the Chicago-headquartered firm showing a 2.4 per cent rise in total fee income from $1.107bnto $1.13bn.
Cadwalader Wickersham & Taft has posted flat average profits for 2011 after a year of investment that saw three office launches and a series of hires.
K&L Gates launches in Italy with MSP merger subscription
K&L Gates has today launched its first office in Italy following the US firm’s merger with Milan firm Marini Salsi Picciau Studio Legale (MSP).
Akin Gump Strauss Hauer & Feld has boosted its London funds group and English law capabilities with the hire of two financial services partners from Simmons & Simmons.
Turnover and profit down at Kaye Scholer subscription
Kaye Scholer has posted drops in both total revenue and average profit for the 2011 financial year.
Litigation powerhouse Quinn Emanuel Urquhart & Sullivan has kicked off this year’s US financial reporting season by posting a 31 per cent increase in gross revenue.
The Lawyer Management: King & Spalding subscription
Derek Hardesty, a partner and director of strategic projects at King & Spalding (K&S), took over the chief operating officer (COO) role at the US firm on 1 January from Patrick Glisson, who retired at the end of 2011.
Herbert Smith net debt grows by £16m in 2010-11 subscription
Herbert Smith’s total bank borrowings grew by more than £10m last year, taking total debt back up to near 2008-09 levels, the firm’s LLP accounts have revealed.
K&L Gates makes up 30 to partnership ranks subscription
K&L Gates has promoted 30 lawyers from 17 offices to its partnership with one new partner coming in London.
Kirkland & Ellis moved rapidly last week to calm fears of turbulence in its City office after the shock resignation of London head Jim Learner last Thursday.
The Lawyer Management: Kemp Little subscription
Siddhartha Mankad joined technology and digital media firm Kemp Little as its first chief operating officer (COO) last summer. Mankad joined as a fixed-share partner and a member of Kemp Little’s management board.
The head of Kirkland & Ellis’s London office Jim Learner is leaving the firm to join a US private equity house.
Orrick London finance team hit by Bartlam loss subscription
Orrick Herrington & Sutcliffe London finance partner Martin Bartlam has resigned and is set to join DLA Piper, leaving the US firm with just one finance partner in the City.
Dechert moves into Frankfurt with double hire subscription
Dechert has opened an office in Frankfurt with the hire of a former Dewey & LeBoeuf partner and the head of Mayer Brown’s German private investment funds group.
Sugar-coated bills subscription
Revealed: the fee structures underpinning the Quinn Emanuel litigation machine
The Lawyer Management: Field Fisher Waterhouse subscription
?Charlie Keeling is Field Fisher Waterhouse’s (FFW) first-ever chief operating officer (COO). He was appointed last year to oversee the firm’s business services and support functions, having joined FFW in 2008 as HR director from IT and consulting company BearingPoint. He previously worked at PricewaterhouseCoopers as a change management consultant.
Davis Polk & Wardwell is launching an English law capability in London with the hire of Freshfields Bruckhaus Deringer heavy hitter Simon Witty.
Dechert has hired Norton Rose litigation partner Antony Dutton as the latest in a string of partner laterals that has significantly boosted the US firm’s UK disputes capabilities.
Akin Gump promotes seven to partner, one in London subscription
Akin Gump Strauss Hauer & Feld has promoted seven lawyers to its global partnership with one in London.
Bingham McCutchen has elected four London lawyers to its partnership as part of a nine-lawyer global round of promotions.
Dewey & LeBoeuf has significantly expanded its presence in South Africa with the hire of eight partners from local rival Werksmans.
Jones Day promotes 45 to partner, five in London subscription
US firm has promoted 45 lawyers into its partnership globally, with five of the total coming in London.
Cadwalader Wickersham & Taft is to kick off the New Year with a fresh recruitment drive in the London market spearheaded by a new City managing partner.
Mayer Brown’s London office is set to lose five partners from its commercial dispute resolution, corporate and real estate practices over the coming weeks.
Shearman & Sterling favours London in promos round subscription
Shearman & Sterling has promoted four lawyers to partners in its London office, thought to be the most ever in a single round.
Lawyers involved in one of Europe’s largest restructurings, that of Irish telecoms company Eircom, are gearing up for the next stage of the matter after the owner yesterday offered to inject €200m of new capital into the ailing business.
US firm King & Spalding has appointed London partner Garry Pegg to its 10-person policy committee, effective 1 January 2011.
The US bonus season has begun gearing up, with Sullivan & Cromwell not only confirming it will match those announced by Cravath Swaine & Moore last month - and paid today (9 December) - but also confirming it will once again offer associates spring bonuses next year.
Focus: The litigation top 50 - Wars of the world subscription
How are firms measuring up to the increasingly international nature of the litigation sector?
BLP lawyer wields a mean axe subscription
For many - and certainly for electric guitar fanatics - he was the star of this month’s LawRocks battle of the champions.
Jones Day has appointed Washington DC partner Tim Cullen to a new role aimed at raising the US firm’s profile globally in litigation.
Robin Simon subscription
The lawyers at specialist insurance and professional indemnity (PI) boutique Robin Simon like to think of themselves as working at the country’s “smallest national firm”.
K&L Gates has launched an office in São Paulo, its first in South America and 39th worldwide.
Reed Smith is planning to aggressively ramp up its London media practice in response to the exits of three partners in the past 18 months.
The head of the London intellectual property litigation group group at McDermott Will & Emery, Gary Moss, is leaving the firm to launch a legal practice at patent and trademark boutique EIP.
DLA Piper last week unveiled its long-awaited plans to move over to an all-equity partnership model in the non-US side of its business.
Half-year results reveal revenue hikes subscription
A clutch of firms have unveiled half-year results that reveal a significant uptick at the mid-way point of the 2010-11 financial year.
New FFW chief puts growth top of agenda subscription
Field Fisher Waterhouse’s (FFW) new managing partner Matthew Lohn has vowed to put growth and talent development at the heart of his first stint as head of the firm.
Stone King subscription
These days, it’s all about focus, and this is particularly true at smaller firms. Stone King is no exception.
High street franchise QualitySolicitors has secured a private equity investment aimed at significantly growing the brand across the UK.
DLA Piper confirms move to all-equity model subscription
DLA Piper has unveiled its plans to move to an all-equity partnership model in the non-US side of its business.
Lohn replaces Gilmour as Field Fisher head subscription
Field Fisher Waterhouse has appointed Matthew Lohn as its new managing partner with immediate effect.
Quinn Emanuel raids Dechert for Moscow launch subscription
Quinn Emanuel Urquhart & Sullivan is set to launch a Moscow office with two litigation partners from Dechert.
Case for the defence subscription
Firm chair Hugh Verrier and London chief Oliver Brettle have shored up White & Case’s storm-tossed City office, but can they now make headway globally?
DLA Piper to roll out US all-equity model in UK subscription
DLA Piper is set to unveil plans to move to an all-equity partnership model in the international LLP side of its business.
White & Case has appointed a new partnership committee, with two places for London-based partners for the first time.
Chicago's Vedder Price opens two-partner London arm subscription
US firm Vedder Price has launched a London office, its first overseas outpost, with lawyers from Clyde & Co and Freshfields Bruckhaus Deringer.
Dechert returns to DLA for another partner hire subscription
Dechert has hired another partner from DLA Piper as the phoney war between the two firms this week warmed up.
Dewey & LeBoeuf launches in Brazil subscription
Dewey & LeBoeuf is preparing to launch an office in São Paulo four months after it hired the former head of Milbank’s Latin America practice Mike Fitzgerald.
Orrick Herrington & Sutcliffe has hired two of the group of five finance partners who joined Milbank Tweed Hadley & McCloy from Latham & Watkins only a year ago.
Charles Russell injects performance incentive subscription
Charles Russell has introduced a bonus for equity partners for the first time in a bid to shake up partner performance.
Lockstep is out of step subscription
Usually it pays to be nimble. And at the top law firms, increasingly, the more nimble they are the more their best partners get paid.
Dewey snares Stephenson Harwood energy partner subscription
Dewey & LeBoeuf has continued its recent London growth spurt with the hire of Stephenson Harwood energy partner Marc Hammerson.
BT real estate legal chief switches role subscription
The head of BT’s real estate legal team Geoffrey Beedham, who took up his role just last year, is moving to a new role in the telecoms giant.
HFW mulls shorter lockstep, mandatory retirement age subscription
Holman Fenwick Willan (HFW) is considering cutting the length of its modified lockstep from seven to five years as, in a separate move, it plans to introduce a mandatory partner retirement age of 62.
Clifford Chance has moved to rebuild its depleted funds practice with a senior hire from Debevoise & Plimpton.
White & Case revamps executive committee subscription
White & Case has unveiled a new executive committee, the four-member board tasked with the day-to-day running of the firm.
Exclusive Magic circle numbers static over five years; Simmons worst performer, Ashurst most improved
Cadwalader's Block quits for Greenberg subscription
One of Cadwalader Wickersham & Taft’s best-known partners Dennis Block is leaving the firm to join Greenberg Traurig.
Vinson rejigs management as Dilg steps down subscription
Vinson & Elkins is soon to have a new chairman and managing partner in the shape of Mark Kelly and Scott Wulfe respectively.
Mayer Brown scoops role on ex-BP CEO Hayward deal subscription
The London office of Mayer Brown has advised on a $4.2bn merger that has created a new oil and gas vehicle for former BP chief executive Tony Hayward.
A&O adds £21m to war chest after cashflow drive subscription
Allen & Overy (A&O) strengthened its cash position by £21m in the financial year 2010-11 thanks to a seven-day reduction in lockup, the gap between starting work for a client and being paid.
Olswang creates single partnership structure subscription
Olswang has overhauled its partner remuneration system and equity structure, introducing a model that has abolished the distinction between fixed-share and full equity partners.
Pinsents hacks Olswang for data protection head subscription
Olswang has lost the head of its data protection team Marc Dautlich to rival Pinsent Masons.
Baker & McKenzie has posted an 8 per cent rise in global revenue for the 2010-11 financial year, taking total income to a record $2.27bn.
Edwards Angell merges with Chicago's Wildman Harrold subscription
Edwards Angell Palmer & Dodge is continuing its recent growth spurt by merging with 150-lawyer Chicago firm Wildman Harrold Allen & Dixon.
Kirkland & Ellis has made a dramatic push into the Hong Kong corporate market with the hire of seven partners from a trio of top tier rivals.
Arab Spring clean for Trowers’ IT subscription
The revolution in Egypt earlier this year has led Trowers & Hamlins to overhaul its IT disaster recovery systems.
Capsticks’ expansion continues in Leeds subscription
Capsticks is set to open an office in Leeds, representing the latest move in the healthcare specialist firm’s national expansion strategy.
L’Afrique, c’est chic subscription
It’s foothold time in Africa.
Quinn-win situation subscription
Quinn Emanuel has taken the litigation market by storm since its City launch - but attaining the next level is going to be the real test for the US giant’s London outpost
Kirkland launches Middle East practice group subscription
Kirkland & Ellis has launched a Middle East practice group with the rehire of former Kirkland associate Kamran Bajwa, although the firm has no plans to open in the Middle East at present.
Ropes & Gray opens Shanghai base subscription
Ropes & Gray has opened an office in Shanghai more than a year after the local managing partner of legacy firm Hogan & Hartson joined the firm.
Harbottle & Lewis has asked News International to release it from its duty of client confidentiality to allow it to respond to points made by Rupert and James Murdoch in yesterday’s riveting Parliamentary hearing on the phone hacking scandal.
Baker & McKenzie has overhauled its global remuneration system, rewarding partners who focus on major international clients with an additional slug of money.
Shearman hires new blood for ECM launch subscription
Shearman & Sterling is launching a UK equity capital markets practice with the hire of former Freshfields Bruckhaus Deringer partner Monica McConville.
Norton Rose is the standout performer among the UK’s top 20 largest firms by revenue for the 2010-11 financial year.
Prime Finance unveils an all-star board subscription
A new international body studded with senior legal market names aimed at helping resolve complex financial disputes unveiled its first advisory and management board last week.
Earlier this month Sullivan & Cromwell unveiled a new management line-up for its London office. The firm is the latest in a line of top US firms to replace their senior lawyers recently.
Olswang opens Munich IP office subscription
Olswang has extended its European network with the launch of an IP-focused office in Munich.
Turnover up at 2Birds as PEP remains flat subscription
Bird & Bird grew total revenue by 6 per cent during 2010-11 to £214.6m from £201.8m while average profit per equity partner (PEP) remained virtually flat at £467,000.
Combined turnovers reshape global legal market as City heavyweight rubs shoulders with the transatlantic elite
Stepping on the gas subscription
Today The Lawyer Transatlantic Elite, our annual exclusive analysis of the leading international firms’ strategies, is published.
Daisy gains: David McGlennon, Daisy Group subscription
Telecoms provider Daisy Group is on an acquisition spree, which is just one of the tasks keeping general counsel David McGlennon on his toes.
Quinn Emanuel gears up for City patent capability subscription
Quinn Emanuel Urquhart & Sullivan is preparing to launch a UK patent litigation practice. It will be the first major strategic extension of the US litigation firm’s London office since its launch three years ago.
Sullivan & Cromwell has raided Freshfields Bruckhaus Deringer to become the latest Wall St elite firm in recent months to launch a Hong Kong local law practice.
Shift away from guaranteed deals for high-profile lateral hires
Role with IT: Jonathan Smith, Fujitsu UK&I subscription
The job of Jonathan Smith, GC of Fujitsu UK&I, has grown in line with the massive structural changes at the IT giant, says Matt Byrne
White & Case hands Verrier second term at the helm subscription
White & Case has re-elected its global chairman Hugh Verrier for a second four-year term after he stood unopposed for the position.
Bonny for Clydes? subscription
In the end - if this is the end - Barlow Lyde & Gilbert (BLG) simply looks to have run out of options. As our lead story reports, partners at the firm are understood to have been told months ago that BLG would soon not exist and that a merger was the only option.
Kidby-less rockers Hog the Love with Law Rocks win subscription
A superheated display of rock shapes and sounds last Thursday night (2 June) stole the Law Rocks crown at the third time of asking for Hogan Lovells’ New New Teen Titans.
Mishcon beats budget with 30 per cent turnover hike subscription
Mishcon de Reya has unveiled a budget-busting increase in both total turnover and average profit per equity partner (PEP) for the 2010-11 financial year.
Arc Property subscription
There are not many real estate practices that can say the past two years have been a period of explosive growth. The ones that can be more specific and point to a stellar growth rate in 24 months are even rarer.
Shift work: Charlotte Taggart, Lockton Companies subscription
Lockton counsel Charlotte Taggart’s talents have been put to full use in converting the insurance broker into an LLP.
Herbie’s Aussie energy rush subscription
It’s tough keeping up with all the energy and natural resources-related international expansion these days. UK firms in particular are flocking to the supposedly overlawyered Australian market.
Hunton & Williams’ UK managing partner has said the firm remains committed to growth in London, despite the small City office seeing three partners depart in a matter of weeks.
Willkie Farr has launched a UK anti-bribery practice with the hire of Herbert Smith partner Peter Burrell, the US firm’s first English solicitor recruit in London.
Vinson launches Riyadh operation subscription
Vinson & Elkins is expanding its Middle East practice with a new office in Riyadh.
K&L Gates has boosted its Tokyo office with the hire of 10 lawyers from Clifford Chance.
PJH law subscription
It is not every law firm founder who can say they have done jobs as varied as working in a haulage firm, an estate agents and at McDonald’s, but Phil Hyland is one.
Cadwalader Wickersham & Taft is launching a competition law outpost in Brussels with a prominent hire from Linklaters.
Bird & Bird is to open in Hamburg, the expansionist firm’s fourth office in Germany.
It is more than a decade since the dotcom bubble burst but one lawyer in particular remembers it as if it were yesterday.
Pinsents pumps up property muscle with DLA’s Taylor subscription
DLA Piper’s former joint global head of real estate David Taylor is leaving the firm to join Pinsent Masons as a senior consultant.
2Birds promotes two in depleted partnership round subscription
Bird & Bird has made up just two lawyers in its annual partnership promotions round, eight fewer than last year and 12 down on the number promoted in 2009.
Simpson Thacher & Bartlett is to launch an office in the US oil and gas capital Houston later this year with a partner from Vinson & Elkins, The Lawyer can exclusively reveal.
Co-op’s LSA gambit casts pall on Pannone alliance subscription
The future of Pannone’s longstanding relationship with the Co-operative is in doubt as the mutual retailer prepares to ramp up its legal services division later this year.
For international tax boutique Milestone 2011 has already been an eventful year.
Site seer: Chris Davies, Kelkoo subscription
Retail comparison site Kelkoo’s sole in-houser Chris Davies has been instrumental in making the ex-Yahoo! subsidiary a top three player in its own right.
Davis Polk & Wardwell has elected British lawyer Tom Reid as its new managing partner, replacing incumbent John Ettinger.
Hunton for growth subscription
Eight new partners in less than a year is going some for any individual practicegroup, but when a firm starts opening offices off the back of that group you know it really means business.
Loch Associates subscription
Most practitioners these days like to brag about how commercial they are, but it is still relatively rare for a lawyer to have the genuine breadth of experience to back up that easily made claim.
Fried Frank ‘lifer’ swells Milbank City partnership subscription
Fried Frank has lost the head of its European capital markets and finance practice to Milbank.
Energy lawyers fear the worst for future and current nuclear deals in wake of disaster.
The Reit call: Paul Meads, F&C Reit subscription
As well as managing a huge property portfolio, combining the elements that now comprise the business means F&C Reit’s sole lawyer Paul Meads has been a key element in its success.
Winston & Strawn has opened an office in Houston with the hire of 40 intellectual property and commercial litigation lawyers from failed firm Howrey.
Baker Botts takes on 32 Howrey antitrust lawyers subscription
Baker Botts has hired 32 antitrust lawyers from Howrey, the US firm that this week voted to dissolve.
A bill aimed at allowing external investment in US law firms was tabled this week in North Carolina.
Google’s gardening leaver subscription
At this year’s Hampton Court Palace Flower Show - the world’s largest such event with more than 150,000 visitors - one of the eight gardens chosen for the prestigious Conceptual Gardens category will be shown off by a very unusual gardener.
Vinson & Elkins has boosted its international M&A and energy practices with the hire of three partners, who join from O’Melveny & Myers and Dewey & LeBoeuf.
Shearman & Sterling has hired five partners and around a dozen associates from Howrey’s Brussels office, including former head Trevor Soames.
Skadden Arps Slate Meagher & Flom and Allen & Overy have taken the lead roles on a $1bn energy deal in Africa.
Merged firm impresses market despite absorbing merger costs.
Davis Polk eyes Brazil for seventh overseas opening subscription
Davis Polk & Wardwell is to open an office in Brazil later this year, the firm announced today.
Profits and revenue up at Latham & Watkins subscription
Latham & Watkins has posted a 4.5 per cent increase in average profit per equity partner (PEP) for the 2010 financial year.
America's Littler Mendelson seals Chinese alliance subscription
US employment boutique Littler Mendelson has formed a strategic alliance with Chinese firm TransAsia Lawyers, a move designed to expand the firm’s reach outside of the Americas for the first time.
Bye laterals subscription
Any US firm leaders currently weeping into their UK recruitment budgets after reading today’s cover story and main feature should take solace in the fact that they were always likely to be on a hiding to nothing when taking on the Brits in their own back yard.
Revealed: lateral partner hiring doesn’t work subscription
Almost half of lateral partner hires in London leave the firm they join within five years, and up to a third leave after three, exclusive research reveals.
K&L Gates posts small rises in revenue and PEP subscription
K&L Gates has posted increases in both revenue and average profit per equity partner (PEP) for the 2010 financial year.
Revenue and PEP up at Reed Smith subscription
Reed Smith has posted a slight rise in both total revenue and average profit per equity partner (PEP) for the 2010 financial year.
Ex-Lovells man: my booze and blues heaven subscription
For many, owning a pub would be a dream come true. If you happen to be the leader of a rock group hunting for a place to play regularly, then snaring somewhere that provides your band with a residency is tantamount to winning the jackpot.
Legal Services Act: the debate heats up subscription
Last month (24 January) The Lawyer highlighted an accelerating trend that may well turn out to be one of the defining developments in this year of full Legal Services Act (LSA) implementation. An increasing number of firms are looking at introducing corporate vehicles into their partnerships.
Texas-headquarterd Akin Gump Strauss Hauer & Feld has posted a 2.5 per cent increase in total revenue for the 2010 financial year coupled with a significant hike in profit.
Edwards Angell Palmer & Dodge has boosted the Washington DC office it opened in 2007 with the acquisition of communications boutique Fleischman & Harding.
Oswang has launched an office in Paris with the hire of five partners, including a senior finance partner from Dechert.
Mayer Brown’s London office has posted a 10 per cent increase in total revenue for the 2010 financial year.
Early indications are that cost controls are having the desired effect.
Olswang partners to throw cash at overseas network subscription
TMT central strategic plank once more as real estate is relegated
MoFo posts rises in revenue and PEP subscription
Morrison & Foerster (MoFo) has become the latest US firm to post year-end financial results that reveal a marginal increase in total revenue coupled with a significant hike in average profit per equity partner (PEP).
K&L Gates has underlined its global coverage by naming 44 new partners across three continents in this year’s partnership promotions round.
WilmerHale sees PEP rise as turnover nudges up subscription
WilmerHale has posted a 17 per cent increase in average profit per equity partner (PEP) for the 2010 financial year, with the sum rising from $1.13m to $1.33m.
Long-term health of US firm now in question.
A change of recruitment strategy at Pillsbury Winthrop Shaw Pittman helped the firm post record profit figures for the 2010 financial year.
No big bang yet: silver circle firm reveals high-level discussions over ’anti-embarrassment clause’
Veitch Penny subscription
In the past three to five years South West-based firm Veitch Penny, which recently converted to LLP status, has enjoyed revenue growth of between 5 and 7 per cent.
Quinn Emanuel posts 62 per cent profit margin subscription
Quinn Emanuel Urquhart & Sullivan has posted a 31 per cent increase in fee income for the 2010 financial year, with total revenue rising to $550.5m.
Cadwalader Wickersham & Taft has scooped a nine-partner transatlantic team from rival McDermott Will & Emery, including one partner for the firm’s London office.
Trevor Soames latest partner to quit Howrey subscription
Howrey’s Brussels head and global antitrust co-chair Trevor Soames has become the latest partner to quit the firm.
Pillsbury Winthrop Shaw Pittman has posted a 10 per cent increase in average profit per equity partner (PEP) for the 2010 financial year off the back of flat revenue growth.
Million-pound joint venture allows Microsoft way into the legal sector
Covington brings former SFO prosecutor on board subscription
Washington DC firm Covington & Burling is continuing its strategy of bringing former government prosecutors in-house with the hire of Robert Amaee, head of the anti-corruption and proceeds of crime units at the SFO.
US firm on track to mirror its core domestic strengths at London outpost.
Lewis Silkin will today formally launch a new document management system backed by Microsoft that it believes will mark a sea change in legal technology.
Addleshaw Goddard partner William Wastie is taking over as head of the firm’s professional practices group, replacing group founder Richard Linsell.
King’s Cross-based Bindmans is enjoying a market-busting boom, helped by the firm’s longstanding focus on public law, human rights and civil liberties.
The technology boutique that launched last week with lawyers from Barlow Lyde & Gilbert (BLG), Latham & Watkins and Morrison & Foerster (MoFo) is considering radical plans that would see its associated business take over an in-house legal function.
Judge blasts Florida lawyers over 'retard' jibes subscription
The new year has got off to a bad start for two US lawyers after they were reprimanded for using a string of insults including “jerk”, “retard” and “scum-sucking loser”.
Watson Farley & Williams has hired an aviation finance team including two partners from Reed Smith.
Solicitors have yet to wake up to the value of social networking, with firms tending to prefer “traditional” to web 2.0 approaches.
Bristows completes co-managing partner post subscription
IP and technology boutique Bristows has appointed corporate specialist Iain Redford as the second of two joint managing partners this year.
Goodmans Law subscription
Many firms like to say they punch above their weight, but in Goodmans Law’s case it is probably true.
Case against former Deloitte partner sees watchdogs overcome border restrictions.
Olswang's litigation head defects to Quinn Emanuel subscription
The head of Olswang’s litigation practice Martin Davies is leaving the firm to join US firm Quinn Emanuel Urquhart & Sullivan.
One of the Cit?y’s best-known employment boutiques Ferguson Solicitors converted to LLP status this month in what amounts to a nod towards modernisation.
WilmerHale confirms successors to 'the two Bills' subscription
US firm WilmerHale today announced that Susan Murley and Robert Novick will take over as co-managing partners at the start of 2012.
Norton Rose goes global with Canada, SA tie-ups subscription
Last Monday’s (15 November) revelation that Norton Rose was merging with Canada’s Ogilvy Renault and South Africa’s Deneys Reitz had been in the pipeline for a year.
?Roll over McKinsey, as we give the US firm the benefit of a free strategic review.
Cleary sets up shop in Brazil subscription
Cleary Gottlieb Steen & Hamilton is to open an office in Brazil next year, subject to approval of Brazilian authorities.
Latham & Watkins has promoted three to its London partnership as part of a 22-strong global round.
The chairman of US firm K&L Gates Peter Kalis has slammed yesterday’s three-way merger between Norton Rose, Canadian firm Ogilvy Renault and South Africa’s Deneys Reitz.
Greenberg says bye to City, hi to Clerkenwell subscription
Greenberg Traurig Maher is turning its back on the iconic environs of the City’s Gherkin in favour of a move to Clerkenwell.
SJ Berwin, Proskauer abandon merger talks subscription
SJ Berwin and Proskauer Rose have called off their protracted merger talks almost nine months after they began.
DC powerhouse wants steady ship as first senior succession looms.
This morning the Lord Chancellor Ken Clarke QC and the Master of the Rolls Lord Neuberger will be among the dignitaries gathered at Runnymede Meadows to kick off five years of celebrations marking the 800th anniversary of Magna Carta.
Clifford Chance is celebrating what it considers to be a significant breakthrough in the profile of its US litigation practice, with the appointment of partner Wendy Wysong as special compliance officer (SCO) for military contractor Xe Services.
Olswang has posted a slight drop in fee income for the 2010-11 half year.
Focus: Latham & Watkins, Hard corp subscription
Latham & Watkins is probably the easiest US firm in London to recruit for,” claims one City-based legal market recruitment consultant.
Litigation expansion in City and globally has become a ‘top priority’.
Kilpatrick seals merger with US IP boutique subscription
US firm Kilpatrick Stockton yesterday confirmed it is to merge with IP boutique Townsend & Townsend & Crew.
A&O gives global integration an EPiC boost subscription
Allen & Overy is preparing to launch a new approach to business development (BD) in an attempt to optimise its rapidly expanding international network.
Wilson Browne subscription
In 2010, after several years without any mergers, two came along at once for Wilson Browne.
British Transport Police today confirmed that the person struck and killed by a tube train following an incident at King’s Cross Station last Monday was David Burgess, a lawyer at north London firm Luqmani Thompson & Partners.
Bingham secures CoA victory in Elektrim battle subscription
The London office of Bingham McCutchen is celebrating after winning the latest round in its long-running battle for the bondholders in troubled Polish conglomerate Elektrim.
Disputes sans frontières subscription
High stakes: who’s who in the $20bn transatlantic litigation market
Real estate is currently the largest practice area at Hamlins, but if managing partner Nigel Mason gets his way that might not be the case for much longer.
A question of Chance subscription
Next week we’ll publish our third annual global litigation report. As you read this we’re still putting the finishing touches to the ranking of the world’s leading firms by litigation turnover.
Focus on Lone Star state as merger plans take shape subscription
?Merger-mania hit the US late last month as two potentially market-changing deals broke cover in less than a week. Then, within 24 hours, one collapsed.
Firm targeting US and Europe for growth as it looks to make up ground on rivals. By Matt Byrne
Milbank hires DLA partner for London litigation team subscription
Milbank has boosted the litigation capabilities of its London office with the hire of DLA Piper partner Tom Canning.
Cravath elects new litigation chief subscription
One of Cravath Swaine & Moore’s longest-serving members of management stood down at the end of last month as part of a wider-ranging shake-up of senior roles at the US firm.
Ashurst targets BarCap as Handling becomes GC subscription
Ashurst senior partner Charlie Geffen said his firm will be seeking Barclays Capital (BarCap) mandates following the departure of high-profile partner Erica Handling to the investment bank.
Brand war as Birketts intrudes on Birkett Long subscription
An East Anglian bust-up is looming following the merger of Chelmsford-based Wollastons and Ipswich-based Birketts.
Ashurst structured finance head named BarCap GC subscription
Ashurst head of securities and structured finance (SSF) Erica Handling is leaving the firm to become general counsel (Emea) at Barclays Capital.
Cadwalader Wickersham & Taft’s former firmwide chairman Bob Link has retired seven months after returning to the US from the UK, where he had been London head.
Moore Blatch subscription
Southampton-headquartered firm Moore Blatch bounced back last year after a period of severe belt-tightening. Turnover exceeded expectations by around £750,000 in 2009-10, rising by 12 per cent, from £13.5m to £15.1m.
How many days to profit? Sackers first to break even subscription
This year The Lawyer introduced a new metric to its annual basket of law firm financial health indicators. For many equity partners it is the key one.
Shakespeare Putsman has merged with Nottingham-based Berryman, creating a £30m firm with 440 lawyers and staff across the East and West Midlands.
Harbottle & Lewis subscription
Despite the continuing softness in some of its transactional areas, media and entertainment-focused Harbottle & Lewis had a solid 2009-10.
K&L Gates to pay for staff to join 'Olympic army' subscription
K&L Gates lawyers or staff members who successfully apply to become Olympic volunteers will be allowed to take time of work, with the firm footing the bill for their hours.
Focus: The silver circle: The silver service subscription
It’s been five years since The Lawyer originated the term ’silver circle’ as a catch-all for the UK’s domestic second tier. Matt Byrne takes a look at how these firms have fared since then
View from the postroom subscription
Two months after its marriage the newly merged Hogan Lovells is still very much in getting-to-know-you mode.
Turnover and PEP up at Lewis Silkin subscription
Lewis Silkin has posted a marginal increase in turnover for the 2009-10 financial year, with revenue rising 1.5 per cent from £31.2m to £31.7m.
Kemp Little maintains margin despite fall in revenue subscription
Technology boutique Kemp Little’s turnover dipped slightly last year from £7.1m to £6.85m.
Dutton Gregory subscription
In the estate agent-style terminology of its high-end conveyancing client base, Dutton Gregory benefits from its position in the recession-proof town of Winchester.
Two-thirds of top 30 see increase in PEP; total revenue down 4.5 per cent; Clifford Chance regains top spot
2Birds posts record turnover, PEP continues to fall subscription
Bird & Bird has broken through the £200m revenue barrier for the first time, posting a total turnover of £201.8m for the 2009-10 financial year.
Mishcon experiences another tough year for PEP subscription
Mishcon de Reya has posted another sharp decline in average profit per equity partner (PEP), with the firm’s PEP now having dropped 39 per cent in two years.
Collins Solicitors subscription
The list of Collins Solicitors’ biggest cases over the past 15 years reads like a litany of UK disasters - from rail crashes such as Ladbroke Grove and Paddington, to environmental dramas such as Buncefield and Motherwell via toxic waste cases, Collins was there.
Costs in translation subscription
This year’s double-digit PEP increases suggest a return to form, but The Lawyer’s analysis of law firm costs tells a different story
When the suits come off – Law Rocks subscription
Late last month at the second of this year’s Law Rocks extravaganzas in London’s iconic 100 Club, a band fronted by Bird & Bird partner Chris Holder walked off with the top prize.
A German presence will enable Bingham to focus on major financial centres.
Catastrophe denied as Nixon Peabody weather exits subscription
Nixon Peabody attempted to put a positive spin on the departure of 14 partners in little more than a month when it insisted the exits were not “catastrophic”.
Olswang seals non-exclusive alliance with Cooley subscription
Olswang has moved to rebuild its US coverage after the collapse of its Greenberg Traurig relationship by forming a non-exclusive alliance with technology firm Cooley.
LG and Norton Rose are the latest firms to announce their 2009-10 financials, with the London South Bank neighbours producing markedly different results.
Media boutique Wiggin & Co has changed its tax year to escape paying the new 50 per cent tax rate for a year.
Pillsbury has strengthened its New York office with the hire of 14 lawyers from Nixon Peabody.
LG posts 63 per cent PEP hike as turnover nudges up subscription
LG has trumped its UK rivals by posting a 63 per cent rise in average profit per equity partner (PEP) for the 2009-10 financial year.
Druces seals merger with City-based property firm subscription
Druces has acquired three-partner Clerkenwell property-based firm Clegg Manuel, the latest in a series of moves to add critical mass to the City firm.
Olswang has opened only its third overseas office with the hire of Bird & Bird Madrid corporate head Javier Vasserot.
CC Euro competition head jumps ship for Skadden subscription
CLIFFORD Chance has lost the global head of its European competition and regulation group, with partner Simon Baxter defecting to US firm Skadden.
?Chicago firm emulates Weil Gotshal with UK investment.
Birmingham-based Shakespeare Putsman is to merge with Midlands rival Needham & James, creating a £24m, 56-partner firm.
Speechly Bircham has posted a 29 per cent increase in both turnover and average profit per equity partner (PEP) for the 2009-10 financial year.
Boyes Turner subscription
Later this month Thames Valley firm Boyes Turner will find out if it is to become The Lawyer’s Regional/ National Law Firm of the Year 2010. But as one of the few UK firms to have made no layoffs, and with successive years of revenue growth throughout the recession, the firm already considers itself a winner.
Olswang has posted a 38 per cent increase in average profit per equity partner (PEP) for the 2009-10 financial year, bringing the total to £420,000.
Telefónica O2 UK names new legal chief subscription
Telefónica O2 UK has restructured its senior in-house legal team, promoting Ed Smith to head of the group.
Willkie Farr & Gallagher has strengthened its bankruptcy and restructuring department with the hire of heavy-hitting Kaye Scholer partner Margot Schonholtz.
Bigging it up subscription
Pools of talent. Essentially, that’s what a law firm boils down to.
Freshfields routs CC in recession era financials subscription
UK firm stands alone with double-digit increases in revenue and PEP
Moon Beever subscription
A growing focus on insolvency and related areas helped Bloomsbury firm Moon Beever grow both revenue and profit during the recession last year.
Olswang has lost one of its rising star litigation partners to the growing London office of Quinn Emanuel Urquhart & Sullivan.
No firm in the Sweet Sixteen typifies the downturn and recovery more than Simpson Thacher. After a gloomy 2009, it’s bullish about 2010
CC loses ground to UK rivals in US growth stakes subscription
Clifford Chance’s US partnership has shrunk by 21 per cent over the past five years, a trend that signals the struggles faced by the magic circle firm in its continuing attempt to build a successful US practice.
?Matt Byrne and Andrew Pugh report on CC’s dwindling people power
Freshfields Paris team defects to Willkie Farr subscription
Freshfields Bruckhaus Deringer has lost a team of public law specialists in its Paris office to New York rival Willkie Farr & Gallagher.
BLP triumphs at Law Rocks event subscription
Berwin Leighton Paisner’s BLP rock supergroup Real State romped home as the standout winner of Law Rocks 2010 at a packed 100 Club last night.
Edwards Angell scores Dewey partner subscription
Dewey & LeBoeuf insurance partner Francis Mackie, who joined the firm after more than a decade at Norton Rose, is leaving for Edwards Angell Palmer & Dodge.
Edwin Coe bags Taylor Wessing coms partner subscription
Taylor Wessing has been left without a telecoms partner in its London office after Ted Mercer signalled his intention to quit for Edwin Coe.
City firm thought to be ’too hot to handle’ for many other potential US candidates
Tulkinghorn: Kath and kin subscription
Tulkinghorn doesn’t really watch TV. Not unless that delightfully grumpy upstart John Humphrys is on, that is. Tulkinghorn feels something of an affinity with old Humph.
Solicitor sues own firm for bad divorce settlement subscription
A solicitor is suing his own firm for negligence and damages in the region of £300,000 in connection with advice he received concerning his divorce.
US litigation powerhouse Paul Weiss Rifkind Wharton & Garrison has made one of the highest-profile post-crash hires to date with the appointment of Department of Justice (DoJ) prosecutor Mark Mendelsohn.
2Birds promotes one City partner in 10-strong round subscription
Bird & Bird has made up 10 lawyers to its partnership, more than double the number that made the grade last year.
After a disastrous 2008, the ’Cravath Way’ has brought about a return to form. By Matt Byrne
Work Life Quiz: Gary Howes, Fasken Martineau subscription
Where’s the best place to go if you want to find out what’s really going on in the office? If I find it, I’ll let you know.
American’t for Ashurst subscription
Ashurst has never been shy of growing via laterals.
Chris Allen: Blacks Solicitors subscription
What was your first-ever job? Dough machine cleaner in a bakery.
Can the firm’s progress in London distract attention away from the Rimmington trial? By Matt Byrne
Everatt & Co subscription
Everatt & Co is that rare beast - a defendant personal injury (PI) firm that appears to be thriving in the current price-conscious, panel-obsessed environment.
Olswang settles on real estate chief subscription
Olswang has filled the hole at the top of its real estate group with the recruitment of a former Mayer Brown partner.
Roome to move Bingham up the rankings subscription
This September will see the tenth anniversary of Bingham McCutchen’s hire of restructuring partner James Roome.
Covington & Burling has benefited from an unresolved conflict of interest to hire one of the best-known competition lawyers in Brussels.
Bird & Bird has re-elected its longstanding chief executive office David Kerr and chairman Michael Frie for additional three-year terms.
London gears up for next level after two years of integration.
South West firm Stones was one of the first of The Lawyer’s UK 200 firms to take drastic action at the onset of the recession. The Exeter-headquartered firm scaled back its sprawling office network from six to just two in the autumn of 2008.
Work Life Quiz: Catherine Gannon, Gannons Solicitors subscription
What time do you usually leave the office? As soon as I can.
Olswang has promoted two associates to its partnership, the same number as in 2009 but eight fewer than in 2008.
Dewey appoints first London managing partner subscription
Dewey & LeBoeuf has appointed its first London managing partner since the 2007 merger of Dewey Ballantine and LeBoeuf Lamb Greene & MacRae.
US firm happy to report increased PEP in both London and New York. By Matt Byrne
Ayesha Vardag Solicitors subscription
Family law boutique Ayesha Vardag Solicitors specialises in high-value, big-impact cases. And they do not come much bigger-impact than last year’s battle between German heiress Katrin Radmacher and her investment banker husband Nicolas Granatino.
Investec pitches external investment to top 50 UK law firms as ABS debate gathers momentum subscription
Banking group and FTSE100 newcomer Investec is preparing to kick off a new wave of interest in external investment in UK firms with a high-level private summit in London this summer.
Labaton Sucharow comes to UK to get snowed under subscription
?Labaton Sucharow might not be a name particularly familiar in the UK market, but that might be about to change.
Olswang set to shift work to the regions subscription
Olswang is planning to ramp up the use of its Reading office for selected legal work in a bid to offer clients a lower-cost option and allow its transactional lawyers room to focus on higher-margin deals.
Work Life Quiz: Edward Wanambwa, CM Murray subscription
What do you do at weekends? Walk the dog, see a film, go to a jazz gig, plan the next holiday – nothing too exciting.
US firm Sidley Austin has hired two Pinsent Masons partners for its London insurance practice, including the head of Pinsents’ insurance group.
Dewey & LeBoeuf has started rebuilding its employment team a week after Morgan Lewis hired practically the entire department.
Olswang elections end with Stewart as CEO subscription
Olswang has completed its elections for all of its senior management positions.
Chadbourne & Parke has hired a team of four disputes lawyers from Howrey’sLondon office including formerinternational arbitration group head Melanie Willems.
Bargate Murray subscription
The partners at Bargate Murray would not describe their firm as a ’super-yacht boutique’, but it is hard not to reach that conclusion.
K&L Gates underlined potential fractures in the impending merger between Hogan & Hartson and Lovells last week when it scooped the US firm’s entire operations in Warsaw.
Dewey & LeBoeuf has lost its entire London employment department to Morgan Lewis.
White & Case has boosted its London financial restructuring and insolvency practice with the hire of a senior lawyer from Skadden.
Steptoe enters Asia via Beijing launch subscription
Steptoe & Johnson has launched its first office in Asia, opening an outpost in Beijing.
Kaye Scholer is to launch an office in Silicon Valley with the latest partner to defect from White & Case at the helm.
K&L Gates is to open an office in Warsaw after scooping the entire office of Hogan & Hartson in the city.
A&O defector keeps entire Mannheim complement subscription
The Allen & Overy (A&O) German IP litigation partner leaving the firm to launch Quinn Emanuel Urquhart Oliver & Hedges’ first Continental Europe outpost is taking over the magic circle firm’s entire office.
Dechert recruits William Fry partner for Dublin base subscription
Dechert has ended its hunt for a partner to launch its office in Dublin, hiring William Fry funds partner Declan O’Sullivan.
The Lawn Tennis Association (LTA) has appointed Karen Neale, one of the senior lawyers at the Rugby Football Union (RFU), as its new head of legal.
Olswang begins senior management elections subscription
Olswang kicked off the elections for all its senior management positions last month, with an email from HR director Ffion Griffith to the firm’s partnership signalling the start of the process.
Paul Hastings revels in City disputes advancement subscription
?A year after Paul Hastings made one of the boldest group hires in a very long time, the fruits of its seven-partner raid on Cadwalader Wickersham & Taft is there for all the market to see.
PCB Litigation subscription
Very few firms can say they posted a 40 per cent rise in fee income last year, but one can.
White & Case has lost another partner, with the chair of the firm’s global IT practice group understood to have resigned.
Quinn Emanuel taps A&O for German IP launch subscription
US litigation firm Quinn Emanuel Urquhart Oliver & Hedges is launching its first office in Continental Europe with the hire of a group of IP lawyers from Allen & Overy (A&O) in Germany.
Cobbetts posts a profit despite prior reticence subscription
When Cobbetts filed its long-awaited LLP accounts a few weeks into this year, it closed a mysterious chapter on the firm’s history.
Berwin Leighton Paisner (BLP) is advising the administrators of the Reader’s Digest Association (RDA), with the company going into administration after failing to reach an agreement over the funding of its pension scheme.
TwoBirds turns to SJ Berwin for Italy partner hire subscription
Bird & Bird has strengthened its Italian corporate group with the hire of a partner from SJ Berwin in Milan.
Latham saw PEP rise but revenue fall in "tough" 2009 subscription
Latham & Watkins has posted a 5 per cent rise in average profit per equity partner (PEP) for the 2009 financial year but a similar drop in total revenue.
Lupton Fawcett subscription
Leeds firm Lupton Fawcett has pushed the boat out strategically over the past 12 months.
What Australia offers for US firms subscription
After A&O took the plunge, what are its US rivals doing about Australia?
The London head of Orrick Herrington & Sutcliffe is stepping down after five years.
Cobbetts' LLP filing reveals £9m profit for 2008-09 subscription
Cobbetts posted a net profit of £9.38m in the 2008-09 financial year alongside a 20.6 per cent drop in revenues.
Slater Heelis subscription
Manchester firm Slater Heelis rebranded in December last year, dropping legacy names Collier Littler and vowing to focus on new areas as it gears up for the implementation of the Legal Services Act (LSA).
Bingham's London revenues jump 32 per cent in 2009 subscription
The London office of Bingham has posted a 31.6 per cent increase in turnover off the back of a significant rise in restructuring work.
Clydes launches New Jersey insurance practice subscription
Clyde & Co has extended its US footprint with the launch of an office in New Jersey.
Revenues down 11 per cent at White & Case subscription
White & Case has posted an 11 per cent drop in total revenue for the 2009 financial year while average profit per equity partner (PEP) has remained flat.
Cross-selling de rigueur at Weil subscription
New exec partner and female group pursue likeminded business development aims
Latham raids W&C for banking team subscription
Latham & Watkins has swooped on rival White & Case for a four-partner team of bank finance and capital markets partners.
LawRocks II: double the lawyers get the axe subscription
Rehearsal studios around the country are preparing for an onslaught of lawyers as the largest-ever number of rocking legal talent gears up for LawRocks II.
US financial results reflect recovering economy subscription
?Momentum is gathering in the US, with a growing number of firms reporting their 2009 year-end results over the past few days.
Latham snares four-partner team from White & Case subscription
Latham & Watkins has swooped on rival White & Case for a four-partner team of bank finance and capital markets partners.
Reed Smith has posted a 4 per cent drop in total revenue for the 2009 fiscal year.
US firm Howrey is being sued by a former Brussels-based associate for racial discrimination.
Kalisch Rufus subscription
?There cannot be too many firms fitting this description: a California-based outfit founded by a pair of English barristers operating out of Beverly Hills.
Shadbolt leavers more than happy subscription
Splendid news this week from the UK legal market. It seems that everyone The Lawyer speaks to is “delighted”. Well, if not everyone then at least anyone remotely connected to the Clydes-Shadbolt deal.
The Lawyer Hot 100 2010 subscription
The great and the good of the legal profession turned out in force to celebrate this year’s Hot 100
K&L Gates has hired the founder of McDermott Will & Emery’s competition practice Scott Megregian as a partner in its London office.
McDermott names Nineham as first-ever Europe chief subscription
McDermott Will & Emery has appointed London office managing partner Hugh Nineham as its new head of Europe as part of a push to move Europe closer to the core of the US firm’s global strategy.
K&L Gates has opened offices in Tokyo and Moscow one week after the firm’s chairman vowed to continue with its strategic growth.
CC begins US litigation rebuild with Milbank hire subscription
Clifford Chance has hired a senior litigation partner in an attempt to rebuild its US disputes practice following a series of exits last year.
Technology boutique Kemp Little has bolstered its IT capabilities with the hire of two senior lawyers from Barlow Lyde & Gilbert (BLG).
JMW solicitors subscription
JMW Solicitors has transformed itself from the days when it was a small crime-based practice in the 1970s.
Mishcon de Reya is making a shock entry into the New York legal market with a litigation outpost in Manhattan.
The end is in sight subscription
With many US firms performing far better than predicted for 2009, can the rest of us take heart?
Winston introduces technology-based fee monitor subscription
?In last week’s column (11 January) we highlighted the moves being made by the Association of Corporate Counsel to improve the value for money its members receive from external law firms.
K&L Gates smashes through $1bn turnover mark subscription
K&L Gates has broken through the $1bn revenue barrier for the first time.
The former Mayer Brown partner charged with conspiracy relating to a $2.4bn (£1.5bn) fraud at Refco, the collapsed commodities brokerage, was sentenced to seven years in prison yesterday.
Revenue down at Paul Weiss as PEP nudges up subscription
Paul Weiss Rifkind Wharton & Garrison has posted a slight dip in revenue for the 2009 financial year but a rise in average profit per equity partner (PEP).
ACC rating index unnerves firms subscription
Association of Corporate Counsel’s online scorecard puts advisers on tenterhooks
Harbottle names new litigation chief subscription
Harbottle & Lewis has appointed Andy Millmore as head of litigation, succeeding senior partner Gerrard Tyrrell.
Harrison Clark subscription
Worcester-based Harrison Clark extended its reach significantly last year by opening a primarily family law-orientated office in Cheltenham.
Latham salary thaw meets with hot and cold reception subscription
Associates at Latham & Watkins were celebrating last week after the US firm confirmed it would be reversing the salary freeze it introduced in December 2008.
Latham loses star M&A partner to Greenberg subscription
Latham & Watkins has lost renowned M&A partner David Schwartzbaum to Greenberg Traurig in New York.
Shearman & Sterling has hired two partners from O’Melveny & Myers to launch a Hong Kong law practice.
Latham & Watkins has reversed the salary freeze it introduced in December 2008, a sign that the worst may be over for the US firm.
Latham bolsters China presence with Beijing launch subscription
US firm Latham & Watkins has opened a base in Beijing, meaning its presence in the region now numbers five offices.
Needham & James subscription
Needham & James is on the hunt for extra revenue. Nothing unusual there, except that in the Stratford-upon-Avon headquartered firm’s case the search is likely to end in a merger.
K&L Gates has changed the notice period for the majority of its international non-equity partners (NEPs), bringing all partners of this status onto a uniform 90 days.
SA Law subscription
As the fifth anniversary of the launch of SA Law approaches, managing partner Steve Ryan says the firm’s investment in its employment practice has paid dividends during the downturn.
Top spot for Skadden with $1bn litigation revenue subscription
The Lawyer’s annual litigation top 50, as revealed in last week’s issue (7 December), is proof that, while it might not be a tidal wave, litigation is definitely on the up.
Camerons joins transfer pricing war subscription
CMS Cameron McKenna has become the latest UK law firm to hire a prominent transfer pricing specialist, as firms continue to compete with the big four accountants to provide high-margin tax and economics advice.
Focus: Fight Club: The top 50 litigation practices subscription
The Lawyer’s annual analysis of the global top 50 litigation practices shows that arbitration is on the rise - and London is one of the main benefactors. By Matt Byrne
Hunton targets litigation hole in London offering subscription
Hunton & Williams is looking to address what its global managing partner Wally Martinez describes as a “glaring weakness” in its London offering - litigation.
Lack of promotions rebuts recovery subscription
London offices left behind in US firms’ latest partner rounds. By Julia Berris
Grundberg Mocatta Rakison (GMR) disappeared this year from The Lawyer UK 200 Annual Report 2009. The reason? On 1 May the London-based boutique merged with US firm McGuireWoods.
Berry Smith subscription
Eversheds offshoot Berry Smith has grown from a two-partner firm established in 1985 to a 10-partner outfit with around 100 staff in total.
High drama: Maria da Cunha, British Airways subscription
British Airways GC Maria da Cunha may be a high-flying lawyer, but with her company’s merger plans cleared for take-off she needs her feet firmly on the ground. By Matt Byrne
Addleshaws appoints consultancy mediators subscription
Addleshaw Goddard has identified four partners to act as conduits between its core practice areas and the internal management consultancy launched by chairman Mark Jones earlier this year.
Bristows returns to 2Birds for IT partner subscription
Bristows has made its second raid in three months on technology rival Bird & Bird, hiring IT partner Hazel Grant.
Focus: Bristows: Hard drive subscription
Bristows’ Mark Watts has a battle on his hands to convince the market his ‘IP boutique’ is also a serious IT contender. But he’s coming out fighting
US firms get tough on pay subscription
Skadden follows Cravath with slashed bonuses as Reed Smith ditches lockstep
Ex-chief quits Taylor Wessing partnership subscription
Former Taylor Wessing managing partner Michael Frawley is quitting the firm’s partnership to return to New Zealand.
Maples Dublin raids A&L’s litigation team subscription
Offshore firm Maples and Calder has hired a team of six litigators, all from rival A&L Goodbody, including equity partner Dudley Solan.
Watkins & Gunn subscription
The senior partners at one of South Wales’s oldest firms Watkins & Gunn have been on a six-year mission of reinvention.
Reed Smith cuts US associate salaries by 20 per cent subscription
Reed Smith has slashed the pay-packets of its US-based first-year associates.
Morgan Lewis flies in heavy-hitter to boost London subscription
Morgan Lewis is relocating one of its best-known partners from the US to London.
India’s largest firm Amarchand Mangaldas & Suresh A Shroff & Co has dipped into the Irish legal market to hire one of the republic’s leading competition specialists.
Cravath bonuses plummet as US season kicks off subscription
The US bonus season began last week when elite New York firm Cravath Swaine & Moore revealed the level of additional pay it would be offering its junior lawyers on top of their annual salaries this year.
Dentons posts modest rise in six-month revenues subscription
Denton Wilde Sapte has posted a 3.5 per cent rise on year-to-date revenue, with fee income rising from £84.7m in October 2008 to £87.7m at the half-year stage.
Last month Bird & Bird chief executive David Kerr rebuffed criticism levelled at the firm that it was becoming all but impossible for London-based associates to make partner at the firm.
EAD Solicitors subscription
Liverpool-based EAD Solicitors is, according to managing partner Garry Abrams, in a “holding position”. Over the past three years the firm’s turnover has grown, but only slightly.
Dundas mourns loss of restructuring head subscription
Dundas & Wilson managing partner Donald Shaw has paid tribute to the firm’s UK corporate recovery head Ian Cuthbertson, who died suddenly yesterday aged 58.
Reed Smith breaks associate lockstep subscription
Reed Smith has broken the lockstep remuneration system for its associates, replacing it with a merit-based structure.
Law Firm Profile: Ramsdens subscription
Ramsdens, the largest law firm in Kirklees and Calderdale, is known locally as a high street firm with a commercial bias.
Hogan-Lovells: strong arm of the law subscription
The Hogan & Hartson-Lovells merger talks, potentially the precursor to one of the all-time largest US-UK combinations, have got the markets gassing on both sides of the Atlantic.
Just Costs Solicitors subscription
?Just Costs Solicitors is hardly your typical law firm. At first sight the limited company that holds itself up as the country’s leading costs recovery business would hardly fit snugly alongside its cousins in The Lawyer’s UK top 200, even if it is regulated by the Solicitors Regulation Authority.
“The past financial year was challenging,” admits Brachers’ managing partner John Sheath. “But as a full-service firm I think we’ve been quite resilient.”
Cohen: learn the lessons of Lehman subscription
Iconic Sullivan & Cromwell chairman on the ‘contagion of fear’. By Matt Byrne
Focus: Shearman & Sterling, Back to the future subscription
Shearman senior partner Rohan Weerasinghe refuses to dwell on his firm’s past. Instead he is looking to the global network to get the New York giant back on track
SJ Berwin wins Sita role from Kemp Little subscription
SJ Berwin partner David Meredith has completed a $2bn (£1.25bn) outsourcing deal for communications company Sita, a client he won while at former firm Kemp Little.
Nineham takes control of McDermott's London office subscription
McDermott Will & Emery’s new London head Hugh Nineham today vowed to focus on the integration and expansion of key practice areas, as the former Lovells partner prepared to take over from previous head Doron Ezickson on Monday.
Baker & McKenzie has hired a former Ernst & Young (E&Y) economist in London for its transfer pricing practice.
Lovells has sealed a US court victory for Canadian oil company Talisman Energy in a long-running case brought by a Sudanese church.
Dechert’s game of Russian roulette subscription
Laura Brank reveals why she quit Chadbourne to launch Dechert’s Moscow office, and defends her new firm’s strategy in the region. Matt Byrne reports
Mayo Wynne Baxter subscription
?Mayo Wynne Baxter is the product of a 2007 merger between Brighton-based Wynne Baxter and Eastbourne-headquartered Mayo & Perkins.
TwoBirds hits back at promotion hiatus claims subscription
Bird & Bird chief executive David Kerr has rebuffed criticism levelled at the firm in the wake of the departure of IT specialist Toby Crick.
Mincoff Jacksons to de-merge a year after forming subscription
Newcastle firm Mincoff Jacksons is to split into individual firms, exactly a year after Mincoffs and Jacksons merged.
Bristows in renewed push on IT with TwoBirds hire subscription
Bird & Bird has lost one of the rising stars of its IT practice to rival Bristows.
BPE solicitors subscription
BPE Solicitors hit the headlines in The Lawyer earlier this year (15 June) when it closed the Birmingham office it had opened in more prosperous times seven years previously.
Eversheds works eight days a week for Beatles subscription
Eversheds has advised Apple Corps, one of its longest-standing clients, on two headline-grabbing deals relating to legendary pop group The Beatles.
Flint Bishop strikes up online allegiances subscription
Derby-based Flint Bishop is ramping up its online private client services in an attempt to combat the threat of alternative business structures entering the legal market.
Focus: Salans, Wherever it lays its hat… subscription
With no obvious HQ, Salans is a hard firm to pin down. But it’s not afraid to play on this, resulting in a record year. No wonder Pinsent Masons wanted that alliance
Onside Law subscription
Onside Law is expanding, but the sports, fashion and media boutique has no plans to turn itself into one of the giants with which it is increasingly competing. Later this month the firm hopes to bring in a new lawyer - its seventh.
Revenue’s tough stance on transfer pricing sparks lucrative new practice area for City leaders
Eversheds advises on Beatles anniversary deals subscription
Eversheds has advised Apple Corps, one of its longest-standing clients, on two headline-grabbing deals relating to legendary pop group The Beatles.
Joint accounts subscription
This year Eversheds provided figures for its entire overseas network, as well as its UK operation. Matt Byrne recalibrates this year’s revenue rankings to unveil the alliance factor
Practice games subscription
Firms may have become more transparent in recent years, but that will not stop them massaging the figures in this turbulent market, says Matt Byrne
Cramer Pelmont subscription
If you believe that the City bonus culture is now discredited, then you do not work at Cramer Pelmont.
Earning power subscription
It’s all too easy for a law firm to give a PEP figure that doesn’t show the entire picture. That’s why EPP is a better indicator of performance
Edwards Angell splashes out on IP subscription
A pair of high-profile IP partner hires made last week by the City offices of US firms confirmed the continuing vigour of the practice area during the downturn.
Regional firms dominate tightest equity rankings subscription
Lower mid-tier firms keep iron grip on equity amid falling margins
In 1999 The Lawyer launched its first full-scale analysis of the largest firms by revenue in the UK, the top 100.
MLaw hires add film, regulatory expertise subscription
?London media boutique MLaw is branching out into film and regulatory work after hiring a pair of partners from Charles Russell.
Olswang snares ex CC finance director subscription
Olswang is looking to improve its financial management after hiring Clifford Chance’s former US finance director Frans Post as chief financial officer.
Richard Chan, ARC Property subscription
Given the doom and gloom surrounding the property market and notable failures such as Fox Hayes and Hammonds Direct, it makes a change to highlight a firm that appears to be doing well.
Addleshaws spreads wings with consultancy launch subscription
Firm moves into strategic management advice as it bets on a consolidating market
Wind breaks subscription
Renewables is keeping things ticking over for the energy practices at Northern Ireland firms. Matt Byrne reports
Indian firm FoxMandal Little (FML) has not paid a number of its Delhi lawyers for at least a month due to cashflow problems.
Sprecher Grier Halberstam subscription
Sprecher Grier Halberstam (SGH) was founded in 1984 by David Sprecher and Ian Grier and has now grown to a 25-partner commercial practice.
FoxMandal suspends Delhi salaries, blames cashflow subscription
Indian firm FoxMandal Little (FML) has not paid a number of its lawyers for at least a month due to cashflow problems, reports legallyindia.com.
Bird & Bird has announced a 29.7 per cent increase in gross revenue for the 2008-09 financial year.
Essex firm Attwaters is a year into a five-year strategy last year that saw it install Sheenagh Parsons as managing partner. Under the new regime, Attwaters aimed to invest more heavily in the areas of corporate and private client and broaden the practice away from its traditionally largest areas of personal injury and clinical negligence.
Eversheds plans its first secondment to Indian ally subscription
Eversheds is planning to send its first-ever secondee to an Indian law firm, with an assistant preparing to go to Khaitan & Co later this year.
Macfarlanes has become the latest UK firm to fall below the million-pound mark in average profit per equity partner (PEP) terms.
Bird & Bird has announced a 29.7 per cent increase in gross revenue for the 2008-09 financial year.
Mayer Brown partner guilty of Refco fraud subscription
A Mayer Brown partner charged with conspiracy relating to the fraud at collapsed commodities brokerage Refco was found guilty on Friday (10 July).
Freshfields Bruckhaus Deringer has strengthened its nascent US litigation and arbitration group with the hire of the former deputy general counsel and director of litigation at Bank of America, David Onorato.
A&O’s PEP falls but remains in £1m club subscription
The publication last Friday (10 July) of Allen & Overy’s (A&O) 2008-09 results slotted the final piece into this year’s magic circle financial jigsaw.
Bristows’ financial results have confirmed the health of the IP market, with the London firm posting a 19.5 per cent increase in revenue.
Foot Anstey Solicitors subscription
Foot Anstey Solicitors is the largest firm in the Cornwall, Devon and Somerset region. It is also on the cusp of breaking into The Lawyer UK200 Annual Report.
Property slump fails to dent Manches’ PEP subscription
West End firm Manches posted an 8 per cent drop in average profit per equity partner (PEP) last year, an unexpectedly strong performance for a firm so dominated by property.
Reynolds Porter Chamberlain (RPC) is anticipating a 5 per cent increase in average profit per equity partner (PEP) to match the 5 per cent rise in total revenue it posted last week.
The odds of ends subscription
The last time DLA Piper tried to save itself a few quid it had the legal market up in arms. This time the negative PR could be even worse.
Chadwick Lawrence subscription
West Yorkshire firm Chadwick Lawrence posted a revenue of £10m for 2008-09, representing a slight increase on its performance the previous year.
West End firm Fladgate’s financial results have confirmed the dearth of commercial property deals over the past financial year.
Orrick ‘revolutionises’ US associate pay ladder subscription
Orrick Herrington & Sutcliffe last week jettisoned lockstep remuneration for its US associates, a move described by the firm as “revolutionary”, but greeted by some in the legal market as little more than a marketing push.
UK firms outpace US rivals in India subscription
Once bitten twice shy - has their experience in the ’90s made US firms overly cautious?
Blackbourn & Bond subscription
More and more firms are looking to capitalise on structural changes allowed under the Legal Services Act.
IBA stands up for lawyers in Russia subscription
The International Bar Association (IBA) has waded into a growing row over the treatment of lawyers in Russia.
DLA, White & Case Moscow offices stormed by police subscription
The perils of operating in the Russian market were highlighted last week when the Moscow offices of DLA Piper and White & Case were raided by government authorities.
Revealed: Camerons rocks subscription
CMS Cameron McKenna emerged victorious from a hard-fought inaugural Law Rocks battle of the bands last night.
DLA and White & Case hit by Moscow crime raid subscription
The Moscow office of White & Case was raided today by Russian authorities conducting a criminal investigation.
Cubism Law subscription
The Legal Services Act has got all sorts of people in the legal market excited, but few more so than former Field Fisher Waterhouse (FFW) partner Andrew Pena, the man behind Cubism Law.
US giant in retreat from Olswang alliance as it launches in London with former Mayer Brown star
Focus: Milbank Tweed Hadley & McCloy subscription
The two biggest names in tech law are now at Milbank’s London office. Can the US firm help them deliver on their vision?
Linklaters served with £4.6m claim subscription
Linklaters is facing a £4.6m negligence claim from the All England Lawn Tennis Ground - the club behind the annual Wimbledon tennis tournament.
Luthra introduces lockstep to aid growth subscription
Indian firm Luthra & Luthra has introduced a lockstep system as it prepares itself for rapid growth.
Yanks eye City tie-ups for Euro push subscription
US mid players see downturn as opportunity to trawl UK for big fish. Julia Berris reports
Asia boom in pipeline for Dewey subscription
China’s influence grows as Kazakhstan’s oil proves to be recession buffer. By Matt Byrne
CC sends ambassador to Indian ally AZB subscription
Clifford Chance will be looking to consolidate its best friends relationship with Indian firm AZB & Partners later this year when it sends banking partner Chris Wyman on secondment to the subcontinent.
Eversheds underlined its longstanding relationship with The Beatles this week when it advised on a deal to put 45 of the group’s songs on to the video game Rock Band.
Indian private equity boutique firm Lexygen has launched an office in Singapore.
Indian firm FoxMandal Little has hired IP specialist Vinay Dwarkadas from the Mumbai office of rival Khaitan & Co.
Maclays IP head Nicolson joins Bristows subscription
Bristows has hired the former head of the IP and technology department at Maclay Murray & Spens as a partner in its commercial group.
Clough & Willis subscription
No offence, but if someone mentions ‘Bury-based law firm’, you tend to think of a high-street solicitor.
Focus: The Lawyer Awards - The chosen few subscription
The Lawyer Awards is on the horizon and fast approaching. Here are some of the ones to watch
Jones Day goes for broke subscription
Jones Day hires magnificent seven to cement pole position in restructuring.
Running order subscription
It’s all kicking off in the music world as the Law Rocks extravaganza draws near.
Paralegals get paranoia subscription
It’s hardly a closely guarded secret that the take-home pay of partners at the UK’s top firms is about to take a nosedive this year.
Schofield Sweeney subscription
Bradford and Leeds-based firm Schofield Sweeney likes to think of itself as a business that punches well above its weight. This is partly because of the high proportion of lawyers on its books with previous experience at some of the UK’s largest firms.
Our story last week about Indian firm Amarchand & Mangaldas & Suresh A Shroff & Co hiring two corporate partners set TheLawyer.com’s Backchat discussion board alight.
It was always unlikely that Aberdeen-headquartered firm Ledingham Chalmers was going to match its stellar financial performance of the 2007-08 financial year.
Sullivan: let us entertain you – in a thrifty manner subscription
Sullivan & Cromwell was deservedly lauded in this year’s Transatlantic Elite for its string of roles at the heart of the global financial crisis.
Chadbourne Moscow partners renege on Dechert move subscription
Two of the five partners who were set to leave Chadbourne & Parke to launch a Moscow office for Dechert have decided to stay with the New York firm, The Lawyer can reveal.
Top Indian firm Amarchand & Mangladas & Suresh A Shroff & Co has taken the highly unusual step of making two lateral hires - just a few months after it shook up its lockstep and internal governance.
The Transatlantic Elite 2009: The Sweet Sixteen subscription
The top players are entering virgin territory. By Matt Byrne
Dechert and Chadbourne lock horns over Moscow team subscription
Dechert and Chadbourne & Parke were locked in a battle last week over the future of a five-partner team in the latter’s Moscow office.
The proportion of female associates made up to partner level this year at the top 30 UK firms has risen slightly - from 25 per cent of new partners in 2008 to 27 per cent.
Focus partner promotions: Forgotten generation subscription
The recession has seen promotions dry up. Is this a necessary step or a knee-jerk reaction?
Nordic Special Report: Pole survivors subscription
Nordic firms are looking beyond their borders in a bid to weather the coming economic storm.
Promotions: corporate wins out subscription
Associate careers special: corporate and finance most prevalent in partnership rounds despite recession
Next year London-headquartered IP firm Rouse will celebrate its 20th anniversary, and while neither the firm nor its clients are immune to the impact of the economic downturn, one recent deal in particular has highlighted how its lawyers believe the firm is well placed to capitalise on the rare opportunities that are out there.
Simpson Thacher’s City gent subscription
NY giant continues global advance as CC’s Signy signs up for the ride. By Julia Berris
Dechert and Chadbourne & Parke are currently locked in a battle over the future of a five-partner team in the latter’s Moscow office.
Akin’s spread of legal subscription
Akin Gump Strauss Hauer & Feld is targeting a London litigation launch later this year as part of a wider international push by the Texas firm.
Herbert Smith has pounced on the Madrid office of Linklaters for three partners to open an office in the Spanish city.
Nixon Peabody defies climate to take on new staff subscription
Nixon Peabody, which late last year announced plans to double its size within five years, has begun making good on its big talk.
Shearman to resurrect Europe subscription
New European chief flexes muscles and cracks whip to stimulate business
The world famous 100 Club to host Law Rocks subscription
The legal profession’s first battle of the bands is being launched this summer, dubbed Law Rocks.
Ashurst promotes 10 to partnership subscription
Ashurst has unveiled its 2009 promotions, with only 10 lawyers making the cut this year compared with 17 in 2008.
Davis Polk corporate chief leaves City for NY subscription
The London-based head of Davis Polk & Wardwell’s corporate group Tom Reid has relocated from the City to New York, The Lawyer can reveal.
US firms post dismal City figures subscription
After such a bad year - and an even worse one predicted - US firms may struggle to remain committed to the London market
Bird & Bird has made up four lawyers to its partnership in its annual round of promotions.
Bingham seeks balance between quality and efficiency subscription
Bingham McCutchen chairman Jay Zimmerman has refused to rule out a salary cut for the firm’s associates.
Focus: Dechert, Paradigm of virtue subscription
Hard times, hard decisions - they’re like food and drink to Bart Winokur, the chairman of US law firm Dechert. And despite several rounds of layoffs, he’s looking forward to eating the recession for breakfast
Mofo sees the bright side subscription
Morrison & Foerster chairman Keith Wetmore does not subscribe to the increasingly prevalent view that the current economic downturn will leave the world’s top law firms irrevocably changed.
If last year was bad, the first three months of 2009 have been even worse.
O’Melveny puts brave face on Kavanagh exit subscription
The new head of O’Melveny & Myers’ London litigation group David Foster mounted a bullish defence of his firm’s disputes capability in the City last week following the exit of partner David Kavanagh to Skadden Arps Slate Meagher & Flom.
Quinn Emanuel desperate for Dan subscription
Was A&O’s Dan Cunningham’s exit perfect timing for all concerned? asks Julia Berris
WolfBlock fails to keep the wolves from the door subscription
The financial crisis claimed another US law firm victim last week when 300-lawyer Philadelphia firm WolfBlock called time on its long history.
Chadbourne wants blood to help New Yorkers subscription
Chadbourne & Parke will transform the main conference room in its Manhattan office into a hospital ward today as it holds a blood drive in support of the New York Blood Center.
New Skadden chief still thinks big subscription
Executive partner inherits a firm that seems capable of defying the crunch.