The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Consolidation in the US midmarket continued unabated after last month's acquisition by Reed Smith of Chicago player Sachnoff & Weaver.
On 13 November Washington DC-based Crowell & Moring announced that it had acquired 20-lawyer litigation firm King Pagano Harrison (KPH) in a bid to continue a push into the New York market. At the same time Crowell took on three IP partners from IP boutique Morgan & Finnegan.
Those partners, plus the KPH tie-up, meant Crowell's New York presence jumped to 15 lawyers. It only launched in New York in September this year, and that too was by luring a choice lateral. William McSherry, partnerin-charge of Arent Fox's New York office, came on board to spearhead Crowell's Manhattan effort.
Just a day after Crowell's news, Philadelphia-headquartered Drinker Biddle & Reath and Chicago-based Gardner Carton & Douglas announced their intentions to wed.
The merger will create a top 70 firm with 677 lawyers spread across 12 US offices and an annual gross revenue of more than $350m (£184.5m).
Gardner had been looking for a merger partner for a while as it was suffering from a slow bleed of lawyer defections and an underwhelming financial performance