Fried Frank launched in London in 1970. But the hire of Kirkland & White UK head Graham White is a more recent statement of intent. Here’s why.
Wirral-based Riverview Law has opened a 20-person legal and support services office in Manchester, with plans to add 20 more staff this year.
Covington & Burling’s year-end financials show London net profit growing by 18.2 per cent in 2014 to $30.7m with revenue climbing 6.2 per cent to $64m (£42m).
Belgian food retailer Delhaize has promoted deputy general counsel Philippe Dechamps to the role of global general counsel and corporate secretary, following the departure of Maura Abeln Smith last year.
Firms including Clifford Chance, CMS Cameron McKenna and Freshfields Bruckhaus Deringer have stepped up to advise on the sale of the Government’s stake in Eurostar.
Weil Gotshal & Manges’ UK revenue grew by 9.6 per cent in 2014, from $114m to $125m (£82m).
All the latest partner hires and other appointments within Continental European firms and offices.
French firm Franklin has hired a partner from Bird & Bird’s Paris office to develop a new competition and distribution practice.
DLA Piper’s global revenue held steady at $2.48bn (£1.626bn) last year, following a 1.7 per cent growth during the 2013 calendar year.
Debevoise & Plimpton has posted a 3.2 per cent revenue increase in $710.3m (£466m) in its year-end financial results, as average profit per equity partner rose 3.4 per cent from $2.3m to $2.38m in 2014.
“This will lead to paranoia among firms and automaton junior lawyers”: Profession responds angrily to SRA's plan to scrap trainee code
The legal profession has reacted with anger at the SRA’s plans to withdraw from the Graduate Recruitment Code.
Nabarro has kept on all ten of its spring 2015 qualifying trainees.
Gibson Dunn & Crutcher partner Peter Gray has admitted making a number of mistakes and getting litigation strategy “spectacularly wrong” under cross-examination in the High Court.
Freshfields Bruckhaus Deringer litigation counsel Maxim Kulkov has left the firm along with a team of lawyers to set up a Moscow-based dispute resolution boutique.
Russian oligarch Sergei Pugachev has cut ties with his lawyers Fried Frank Harris Shriver & Jacobson and will now represent himself in an ongoing battle over the liquidation of the bank he ran, Mezhprombank.
Iberian firm Cuatrecasas Gonçalves Pereira has reported a 3 per cent rise in turnover for the 2014 financial year, with revenues increasing from €248m to €255.4m (£185.5m).
The Solicitors Regulation Authority (SRA) is considering withdrawing from the Graduate Recruitment Code, as governed by the Association of Graduate Careers Advisory Services (AGCAS).
Reed Smith has posted a 7 per cent boost in its year-end financial results, growing from $1.075bn to $1.15bn (£746m) in 2014.
The UK Government has won a landmark victory at the European General Court in a battle with Cleary Gottlieb Steen & Hamilton client, the European Central Bank (ECB), over the location of central clearing houses for euro-denominated trades.
Enyo Law has taken over from Quinn Emanuel Urquhart & Sullivan as advisers to businesses and individuals planning to sue the Royal Bank of Scotland’s global restructuring group (RBS-GRG) for allegedly forcing small companies out of business.
Meanwhile, Olswang has also released its results, keeping on seven of eight qualifiers.
Shearman & Sterling is gearing up to significantly expand its presence in the Middle East, with plans for new outposts in Dubai and Riyadh.
German firm Flick Gocke Schaumburg (FGS) has announced it is launching in Hamburg later this year, its fifth domestic office.
Hogan Lovells will retain just 21 of 32 trainees in newly-qualified (NQ) positions this spring, giving it a 66 per cent retention rate.
Two more Clifford Chance partners, Peter Rosin and Thomas Burmeister, have left the firm’s German practice.
A claim led by the Public Law Project over the legality of changes to judicial review regulations has succeeded before the High Court, with the Divisional Court ruling that the amendments will have an adverse impact on legal aid-funded cases.
Pinsent Masons has recruited Addleshaw Goddard’s former head of financial services David Heffron to lead its financial regulatory practice.
Latham & Watkins has elected two London-based counsels to its partnership, amounting to just under a quarter of its global total for 2015.
Irish firm Mason Hayes & Curran has reported a 25 per cent increase in turnover for 2014, with revenues rising to €60m (£43.7m) from €48m in 2013.
Czech firm Tomicek Legal and Slovak firm Fox Martens have teamed up to launch a regional referral network, CEE Attorneys, with the aim of expansion throughout the region.
Lloyd’s of London underwriter Marketform has appointed Alastair McKay as its new general counsel.
DLA Piper has finally found a foothold in Canada after agreeing to merge with local firm Davis.
A third partner from Linklaters’ projects team has left the firm in less than two weeks, after King & Wood Mallesons (KWM) re-hired heavyweight energy partner James Douglass to join its projects energy and resources team.
Mishcon de Reya has achieved the highest law firm ranking in the annual Sunday Times 100 Best Companies to Work For list, coming in at seventh.
Midlands firms Shakespeares and SGH Martineau have announced they are in merger talks with the aim of creating a new top-50 firm with revenues of over £75m and 150 partners.
Norton Rose Fulbright (NRF) has added K&L Gates partner David Johnson to its Hong Kong office, two years after he joined the US firm from Allen & Overy.
DAC Beachcroft (DACB) Claims Limited chief executive Bill Paton is set to exit the firm at the end of March to join insurer RSA as UK and Western Europe claims director on 1 May.
Clifford Chance has lost its third corporate partner from Germany in a month with the news that former German corporate head Arndt Stengel is leaving for Milbank Tweed Hadley & McCloy’s Frankfurt office.
Nabarro will delay its annual pay review for trainees, associates and business support staff until June, in an effort to more accurately assess its 2014/15 financial results.
The Court of Appeal (CoA) has granted permission for the Law Society to challenge a recent High Court decision over Government reforms to the criminal legal aid regime.
Barclays has announced the appointment of Gibson Dunn & Crutcher partner Mark Shelton as global general counsel for its investment banking division and regional general counsel for the Americas.
Mishcon de Reya has become the latest top 50 firm to gain an ABS licence, some six months after lodging its application with the Solicitors’ Regulation Authority (SRA).
Hogan Lovells and Erskine Chambers have secured a Court of Appeal (CoA) judgment requiring Russian tycoon Sergei Pugachev to disclose information about discretionary trusts established in New Zealand, setting a precedent in cases involving freezing orders.
US firm Paul Hastings has posted a 6.3 per cent increase in revenue in its year-end financial results for 2014, growing from $941m to $1bn (£649m).
M&A activity offshore rose to record levels in 2014, with aggregate deal value up 63 per cent compared to 2013 and deal volume at the third-highest in the last decade.
Debevoise & Plimpton executive Howard Rosenberg has been appointed chief executive officer of legal professional services provider FRS Insight, owned by Fox Rodney Search.
Gibson Dunn & Crutcher has posted a revenue growth of 6 per cent to $1.47bn (£947m) in its year-end financial results.
Richard Susskind revealed his view of the future at the Global Law Summit this week. For many, it’s not pretty.
Shearman & Sterling’s London office increased its revenue from $134.8m to $144.6m (£93.4m) in 2014, marking its fifth year of consecutive growth.
US firm Milbank Tweed Hadley & McCloy has posted revenue growth of 7.8 per cent to $761m (£490m) in 2014, while the firm’s London office posted a revenue boost of 14 per cent to $103.7m.
Boris Johnson put London and the rule of law squarely at the heart of the world’s legal market yesterday in his keynote speech at the Global Law Summit.
President of the Supreme Court Lord Neuberger closed the Global Law Summit (GLS) yesterday (25 February) by concluding that “genuine access to justice is crucial” if a society is to “maintain adherence to the rule of law”.
Sidley Austin partner Tim Cowen has joined technology, media and telecoms (TMT) boutique Preiskel & Co as an equity partner.
Swedish firm Magnusson has added a Hong Kong office through a tie-up with two-partner Hong Kong firm Odebjer Fohlin - its ninth new base in three years.
There were an eclectic bunch of hot topics on the agenda on the closing day of the Global Law Summit, ranging from human rights to bribery and shareholder activism.
The High Court has approved a funding regime proposed by Mayer Brown client, the Merchant Navy Ratings Pension Fund (MNRPF), in a landmark judgment which ends a case spanning more than a decade.
Milbank Tweed Hadley & McCloy has hired a pair of Linklaters projects partners, Matthew Hagopian and Manzer Ijaz.
Collective turnover at UK firms increased by 8.4 per cent to a record £30.6bn last year - accounting for 7 per cent of the $650bn (£419.6bn) global legal services fee revenue in 2013/14.
Eversheds and Norton Rose Fulbright (NRF) have both expanded their reach in Africa this week with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively.
The Legal Education Foundation will enable eight prospective welfare lawyers to undertake training contracts every year for the foreseeable future through its Justice First Fellowship.
Linklaters and Herbert Smith Freehills are among the firms to win a spot advising on the initial public offering of challenger bank Aldermore.
A total of seven European firms have been named on the inaugural European Referral Firm of the Year shortlist, unveiled today ahead of The Lawyer’s European Awards next month.
Silks from Wilberforce Chambers and Ten Old Square have been instructed on the final stages of a landmark case in Hong Kong concerning the $10bn (£7bn) estate of the late Nina Wang, once the richest woman in Asia.
Addleshaw Goddard, Jones Day and Travers Smith have taken the lead roles on private equity group 3i’s first investment in the UK for four years - a £105m injection into Aspen Pumps.
Norton Rose Fulbright has announced that it will retain 81 per cent of its spring 2015 qualifying trainees, a fall from its rate last year.
Latham & Watkins’ revenue has rocketed by 14.3 per cent between 2013 and 2014, from $2.28bn to $2.61bn (£1.69bn).
Olswang has hired a four-strong IP team from US firm Winston & Strawn to join its London office and has promoted senior corporate TMT partner Mark Bertram to head of corporate.
Tullett Prebon has hired Arle Capital general counsel Philip Price as its new group general counsel and global compliance head.
Lawyers from all walks of the profession and all around the world are gathering in London this week to debate the key trends affecting the industry - including the role of government in preserving access to justice and how the rule of law affects the world of business.
WilmerHale’s average profit per equity partner grew by 7 per cent in 2014, from $1.5m to $1.6m (£1.03m) even as the firm’s revenue stalled at just under $1.1bn (£712m).
Hogan Lovells has re-appointed Nicholas Cheffings as the firm’s chair for a second three-year term.
Shoosmiths has been appointed to a new Mercedes-Benz UK panel alongside Nabarro after dropping off the roster in 2009.
Arnold & Porter grew its revenue by 1.2 per cent in 2014, boosting its total income from $686m to $694m (£449m).
Brown Rudnick European IP head Alexander Carter-Silk has been advising the inventor of non-reusable syringes as the life-saving invention receives World Health Organisation (WHO) backing.
McCann FitzGerald has been appointed as the adviser to Allied Irish Banks (AIB) on its proposed capital restructuring by the Irish government.
The Law Society has instructed Kingsley Napley to bring legal action against the Government over court fee hikes that it claims are “tantamount to selling justice”.
The Lord Chief Justice, Lord Thomas, called on lawyers to be prepared to pay the “heavy” price of maintaining the rule of law and access to justice as part of the opening keynote speech at the Global Law Summit (GLS) in London this morning (23 February).
Aim-listed ABS Quindell has extended the exclusivity period relating to Slater & Gordon’s potential acquisition of its professional services division to 31 March 2015.
Quinn Emanuel Urquhart & Sullivan has reported a 33 per cent bounceback in London office revenue for 2014, with turnover rising to £26.2m from £19.8m in 2013.
Slaughter and May is visiting elite US law schools in a bid to assess talent after 10 years of staying away from the US recruitment fair market.
McGuireWoods criticised for 94-page Tchenguiz claim that "flouts the principles" of Commercial Court
McGuireWoods has been criticised for filing a 94-page claim for its client Vincent Tchenguiz that “flouts all the principles” of the Commercial Court Guide in a ruling by Mr Justice Leggatt.
African lawyers believe global firms do not understand the realities of doing business in their country and have a tendency to “fee-hog”, but remain highly dependent on work from international players.
Gibson Dunn & Crutcher partner Peter Gray will undergo cross-examination in the High Court in early March over allegations that he submitted evidence containing falsified information during a September 2013 case for the government of Djibouti.
The offshore legal market has seen another year of growth, The Lawyer can reveal, with turnover rising by an average of 13.8 per cent among those firms which disclose it.
BLP, Nabarro and Herbies among key advisers on £770m deal to kick-start stalled Pinnacle development
Berwin Leighton Paisner (BLP), DAC Beachcroft (DACB), Nabarro, Macfarlanes, Herbert Smith Freehills (HSF) and Linklaters have played key roles in the £770m sovereign wealth deal expected to resurrect the Pinnacle at 22-24 Bishopsgate.
Scottish firms Burness Paull and Levy & McRae are facing legal action from the liquidators of Heather Capital over their involvement in the collapse of the $400m hedge fund.
Blackstone Chambers has successfully defended Ofcom against a claim brought by Travellers Movement alleging that Channel 4 programme My Big Fat Gypsy Wedding portrayed travellers in an “unfair and racially stereotypical way”.
White & Case has increased its revenue to the $1.5bn (£976m) mark for 2014, a rise of 4.2 per cent on its figure of $1.44bn in 2013.
Berwin Leighton Paisner (BLP) falsified its trainee retention figure for this spring, it has emerged.
K&L Gates has reported an 11 per cent growth in revenue to £44.96m in London in its year-end financial results, contrasting with a firmwide drop in turnover.
Paul Hastings might not have yet really jumped on the recruitment carousel which its US rivals are riding in the UK, but its London chair Ronan O’Sullivan thinks the firm is well-placed in the market.
Pillsbury Winthrop Shaw Pittman chair Jim Rishwain has revealed plans to double the firm’s headcount in London in the next year.
The Bar Standards Board (BSB) is considering letting chambers manage pupillage structure and content, in a move which would see the regulator relinquish a significant amount of control.
King & Spalding grew its revenue by 8 per cent in 2014, from $861.4m to $934m, marking a revenue increase of more than a third over the past five years.
US firm Proskauer has started 2015 with a statement of intent, hiring former SJ Berwin corporate chief Steve Davis to head its team in the City.
Young lawyers are less satisfied and feel less pride in their jobs than their more senior counterparts, research by the Law Society has revealed.
Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have won roles advising on the proposed merger of the world’s two largest drinks can manufacturers.
The Home Office has won a legal challenge against paying £224m compensation to Clifford Chance client Raytheon Systems over a terminated contract.
The Government has admitted that the security services’ procedures for handling legally-privileged communications do not meet the requirements of the European Convention on Human Rights (ECHR).
It has emerged that Olswang is unlikely to hold elections to replace its former chief executive David Stewart until the second half of this year.
Are you reading this while snugly ensconced in your warehouse-sized corner office? Does that make you a dinosaur? Yep, probably.
The trend for working flexibly is gathering significant pace and as this week’s analysis of Allen & Overy’s Peerpoint reveals, for some firms it’s also a way into new markets domestically and internationally. For years lawyers who worked part time or flexibly were derided in some quarters as second rate. Now, with rapidly growing number of lawyers working flexibly and impressive turnover increases at various offerings, it looks like an idea whose time has come.
Lawyer News Daily
You think trainee recruitment is competitive now? If the SRA gets its way, it’s about to get much tougher. It plans to withdraw from the voluntary code of conduct which says firms can’t offer training contracts to undergrads before their final year - leaving the way open for a massive free-for-all as firms scramble to snap up the best talent earlier. Potentially much earlier. Could we really find ourselves in a position where training contracts are offered to the best school leavers? ...