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.
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 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.
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 has confirmed that it is in early stage merger talks with Patton Boggs, the Washington law and lobbying firm.
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 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.
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.
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.
California’s Cooley, Facebook’s lawyers of choice, has its eyes on a London opening. Eventually.
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.
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.
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.
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.
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 has emerged as the dominant player in the UK law firm audit market, new research by The Lawyer has revealed.
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 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.
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.
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, 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.
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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.
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 video
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.
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.
It’s not every day The Lawyer puts a bona fide rock star on its cover.
What just happened? At the risk of sounding hyperbolic, the $1bn merger of SJ Berwin (SJB) and King & Wood Mallesons (
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
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
The chief executive of Liverpool-based personal injury specialists Forster Dean, Greg Shields, has left the firm.
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
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.
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.
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.
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 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
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 & 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.
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 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.
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
At a time of public sector cutbacks, British Medical Association GC Jonathan Waters is more than willing to stand up for his members’ interests
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.
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 chairman-elect Kim Koopersmith has pledged to make the development of the firm’s London office one of her core strategies.
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 & 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.
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
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.
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 & 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.
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 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.
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.
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.
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.
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.
British Telecommunications (BT) has today announced that it has reached an agreement to acquire technology group Tikit for £64.2m.
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?
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
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 Law and Optima Legal have emerged as the two firms with the highest reported level of borrowings in this year’s The Lawyer UK200.
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.
Making the most of your office space is a management priority these days, as exclusive new data in the UK 200 reveals
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 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.
Is CMS one firm or a collection of different practices across Europe? With a US offensive looming, this matters
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.
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.
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The legal teams working with the world’s leading tech companies
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.
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.
?The top associates are lining up for recognition at The Lawyer Awards 2012. We name the rising stars in the legal firmament
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.
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 & Ellis private equity partner Graham White is set to take over as de facto head of the US firm’s London office next week.
?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.
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 & Sterling has confirmed that M&A partner Creighton Condon will succeed Rohan Weerasinghe as its senior partner.
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.
One of Dewey & LeBoeuf’s most senior London partners, Fred Gander, has become the latest to leave the embattled firm.
Jeff Wright, partner responsible for information and technology
Michelle Elstein is business development (BD) director at technology and media-focused firm Olswang.
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 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.
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 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.
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.
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 (K&S) has posted its financial results for 2011, revealing a higher than current average increase in both revenue and average profits.
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).
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 has posted a 3.5 per cent increase in revenue for the 2011 financial year, with total turnover growing to $671m.
California-headquartered Cooley has posted positive financial results for turnover, average profit and revenue per lawyer for the 2011 year.
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 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.
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.
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’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 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.
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 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 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.
Revealed: the fee structures underpinning the Quinn Emanuel litigation machine
?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 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.
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 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.
How are firms measuring up to the increasingly international nature of the litigation sector?
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.
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.
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.
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.
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 has unveiled its plans to move to an all-equity partnership model in the non-US side of its business.
Field Fisher Waterhouse has appointed Matthew Lohn as its new managing partner with immediate effect.
Quinn Emanuel Urquhart & Sullivan is set to launch a Moscow office with two litigation partners from Dechert.
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 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.
US firm Vedder Price has launched a London office, its first overseas outpost, with lawyers from Clyde & Co and Freshfields Bruckhaus Deringer.
Dechert has hired another partner from DLA Piper as the phoney war between the two firms this week warmed up.
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 has introduced a bonus for equity partners for the first time in a bid to shake up partner performance.
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 & LeBoeuf has continued its recent London growth spurt with the hire of Stephenson Harwood energy partner Marc Hammerson.
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.
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 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
One of Cadwalader Wickersham & Taft’s best-known partners Dennis Block is leaving the firm to join Greenberg Traurig.
Vinson & Elkins is soon to have a new chairman and managing partner in the shape of Mark Kelly and Scott Wulfe respectively.
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.
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 has overhauled its partner remuneration system and equity structure, introducing a model that has abolished the distinction between fixed-share and full equity partners.
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 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.
The revolution in Egypt earlier this year has led Trowers & Hamlins to overhaul its IT disaster recovery systems.
Capsticks is set to open an office in Leeds, representing the latest move in the healthcare specialist firm’s national expansion strategy.
It’s foothold time in Africa.
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 & 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 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 & 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.
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 has extended its European network with the launch of an IP-focused office in Munich.
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
Today The Lawyer Transatlantic Elite, our annual exclusive analysis of the leading international firms’ strategies, is published.
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 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
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 has re-elected its global chairman Hugh Verrier for a second four-year term after he stood unopposed for the position.
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.
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 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.
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.
Lockton counsel Charlotte Taggart’s talents have been put to full use in converting the insurance broker into an LLP.
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 & 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.
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.
DLA Piper’s former joint global head of real estate David Taylor is leaving the firm to join Pinsent Masons as a senior consultant.
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.
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.
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.
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.
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 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.
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 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.
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 & Wardwell is to open an office in Brazil later this year, the firm announced today.
Latham & Watkins has posted a 4.5 per cent increase in average profit per equity partner (PEP) for the 2010 financial year.
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.
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.
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 has posted increases in both revenue and average profit per equity partner (PEP) for the 2010 financial year.
Reed Smith has posted a slight rise in both total revenue and average profit per equity partner (PEP) for the 2010 financial year.
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.
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.
TMT central strategic plank once more as real estate is relegated
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 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’
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 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.
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
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.
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.
IP and technology boutique Bristows has appointed corporate specialist Iain Redford as the second of two joint managing partners this year.
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.
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.
US firm WilmerHale today announced that Susan Murley and Robert Novick will take over as co-managing partners at the start of 2012.
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 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 Traurig Maher is turning its back on the iconic environs of the City’s Gherkin in favour of a move to Clerkenwell.
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.
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’.
US firm Kilpatrick Stockton yesterday confirmed it is to merge with IP boutique Townsend & Townsend & Crew.
Allen & Overy is preparing to launch a new approach to business development (BD) in an attempt to optimise its rapidly expanding international network.
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.
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.
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.
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.
?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 has boosted the litigation capabilities of its London office with the hire of DLA Piper partner Tom Canning.
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 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.
An East Anglian bust-up is looming following the merger of Chelmsford-based Wollastons and Ipswich-based Birketts.
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.
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.
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.
Despite the continuing softness in some of its transactional areas, media and entertainment-focused Harbottle & Lewis had a solid 2009-10.
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.
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
Two months after its marriage the newly merged Hogan Lovells is still very much in getting-to-know-you mode.
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.
Technology boutique Kemp Little’s turnover dipped slightly last year from £7.1m to £6.85m.
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
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 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.
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.
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
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.
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 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 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 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.
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.
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 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.
Pools of talent. Essentially, that’s what a law firm boils down to.
UK firm stands alone with double-digit increases in revenue and PEP
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
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 Bruckhaus Deringer has lost a team of public law specialists in its Paris office to New York rival Willkie Farr & Gallagher.
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.
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.
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 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.
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.
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
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.
Ashurst has never been shy of growing via laterals.
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 is that rare beast - a defendant personal injury (PI) firm that appears to be thriving in the current price-conscious, panel-obsessed environment.
Olswang has filled the hole at the top of its real estate group with the recruitment of a former Mayer Brown partner.
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.
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 & 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
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.
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 might not be a name particularly familiar in the UK market, but that might be about to change.
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.
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 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.
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 & 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.
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 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 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.
?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.
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.
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.
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.
Bird & Bird has strengthened its Italian corporate group with the hire of a partner from SJ Berwin in Milan.
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.
Leeds firm Lupton Fawcett has pushed the boat out strategically over the past 12 months.
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 posted a net profit of £9.38m in the 2008-09 financial year alongside a 20.6 per cent drop in revenues.
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).
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.
Clyde & Co has extended its US footprint with the launch of an office in New Jersey.
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.
New exec partner and female group pursue likeminded business development aims
Latham & Watkins has swooped on rival White & Case for a four-partner team of bank finance and capital markets partners.
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.
?Momentum is gathering in the US, with a growing number of firms reporting their 2009 year-end results over the past few days.
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.
?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.
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 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 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.
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 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.
With many US firms performing far better than predicted for 2009, can the rest of us take heart?
?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 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.
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).
Association of Corporate Counsel’s online scorecard puts advisers on tenterhooks
Harbottle & Lewis has appointed Andy Millmore as head of litigation, succeeding senior partner Gerrard Tyrrell.
Worcester-based Harrison Clark extended its reach significantly last year by opening a primarily family law-orientated office in Cheltenham.
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 & 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.
US firm Latham & Watkins has opened a base in Beijing, meaning its presence in the region now numbers five offices.
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.
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.
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.
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.
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 & Williams is looking to address what its global managing partner Wally Martinez describes as a “glaring weakness” in its London offering - litigation.
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.
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.
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
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 has made its second raid in three months on technology rival Bird & Bird, hiring IT partner Hazel Grant.
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
Skadden follows Cravath with slashed bonuses as Reed Smith ditches lockstep
Former Taylor Wessing managing partner Michael Frawley is quitting the firm’s partnership to return to New Zealand.
Offshore firm Maples and Calder has hired a team of six litigators, all from rival A&L Goodbody, including equity partner Dudley Solan.
The senior partners at one of South Wales’s oldest firms Watkins & Gunn have been on a six-year mission of reinvention.
Reed Smith has slashed the pay-packets of its US-based first-year associates.
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.
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.
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.
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 & 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 has broken the lockstep remuneration system for its associates, replacing it with a merit-based structure.
Ramsdens, the largest law firm in Kirklees and Calderdale, is known locally as a high street firm with a commercial bias.
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 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.”
Iconic Sullivan & Cromwell chairman on the ‘contagion of fear’. By Matt Byrne
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 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.
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.
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 is the product of a 2007 merger between Brighton-based Wynne Baxter and Eastbourne-headquartered Mayo & Perkins.
Bird & Bird chief executive David Kerr has rebuffed criticism levelled at the firm in the wake of the departure of IT specialist Toby Crick.
Newcastle firm Mincoff Jacksons is to split into individual firms, exactly a year after Mincoffs and Jacksons merged.
Bird & Bird has lost one of the rising stars of its IT practice to rival Bristows.
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 has advised Apple Corps, one of its longest-standing clients, on two headline-grabbing deals relating to legendary pop group The Beatles.
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.
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 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 has advised Apple Corps, one of its longest-standing clients, on two headline-grabbing deals relating to legendary pop group The Beatles.
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
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
If you believe that the City bonus culture is now discredited, then you do not work at Cramer Pelmont.
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
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.
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.
?London media boutique MLaw is branching out into film and regulatory work after hiring a pair of partners from Charles Russell.
Olswang is looking to improve its financial management after hiring Clifford Chance’s former US finance director Frans Post as chief financial officer.
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.
Firm moves into strategic management advice as it bets on a consolidating market
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 (SGH) was founded in 1984 by David Sprecher and Ian Grier and has now grown to a 25-partner commercial practice.
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 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.
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.
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 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.
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 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.
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 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.
Once bitten twice shy - has their experience in the ’90s made US firms overly cautious?
More and more firms are looking to capitalise on structural changes allowed under the Legal Services Act.
The International Bar Association (IBA) has waded into a growing row over the treatment of lawyers in Russia.
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.
CMS Cameron McKenna emerged victorious from a hard-fought inaugural Law Rocks battle of the bands last night.
The Moscow office of White & Case was raided today by Russian authorities conducting a criminal investigation.
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
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 is facing a £4.6m negligence claim from the All England Lawn Tennis Ground - the club behind the annual Wimbledon tennis tournament.
Indian firm Luthra & Luthra has introduced a lockstep system as it prepares itself for rapid growth.
US mid players see downturn as opportunity to trawl UK for big fish. Julia Berris reports
China’s influence grows as Kazakhstan’s oil proves to be recession buffer. By Matt Byrne
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.
Bristows has hired the former head of the IP and technology department at Maclay Murray & Spens as a partner in its commercial group.
No offence, but if someone mentions ‘Bury-based law firm’, you tend to think of a high-street solicitor.
The Lawyer Awards is on the horizon and fast approaching. Here are some of the ones to watch
Jones Day hires magnificent seven to cement pole position in restructuring.
It’s all kicking off in the music world as the Law Rocks extravaganza draws near.
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.
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 & Cromwell was deservedly lauded in this year’s Transatlantic Elite for its string of roles at the heart of the global financial crisis.
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 top players are entering virgin territory. By Matt Byrne
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.
The recession has seen promotions dry up. Is this a necessary step or a knee-jerk reaction?
Nordic firms are looking beyond their borders in a bid to weather the coming economic storm.
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.
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 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, which late last year announced plans to double its size within five years, has begun making good on its big talk.
New European chief flexes muscles and cracks whip to stimulate business
The legal profession’s first battle of the bands is being launched this summer, dubbed Law Rocks.
Ashurst has unveiled its 2009 promotions, with only 10 lawyers making the cut this year compared with 17 in 2008.
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.
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 McCutchen chairman Jay Zimmerman has refused to rule out a salary cut for the firm’s associates.
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
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.
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.
Was A&O’s Dan Cunningham’s exit perfect timing for all concerned? asks Julia Berris
The financial crisis claimed another US law firm victim last week when 300-lawyer Philadelphia firm WolfBlock called time on its long history.
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.
Executive partner inherits a firm that seems capable of defying the crunch.