The Lawyer in the US
No wonder the world’s top firms have been bulking up in litigation and arbitration. Since 2011 the total revenue generated by the top 50 litigation firms has grown by $1.5bn (£900m) – a rise of 14 per cent over the period. Since 2008, when we began tracking global litigation revenue, the total has grown by 25.5 per cent, from $19.389bn to this year’s $24.35bn.
It’s the hap-happiest season of all, say litigators in New York and Washington. Why is it the most wonderful time, The Lawyer asks? It’s not because it’s nearly Christmas and there’ll be parties for hosting, marshmallows for toasting or caroling out in the snow.
People may laugh uproariously at the idea of moving to private practice for a better work/life balance. They might cackle harder when they realise that the place in question is a US firm. But it appears that an increasing number of senior in-house counsel are choosing to leave for a less demanding private practice role, both in the UK and US.
Earlier this month we asked if Dentons’ eyes were too big for its tummy, what with a McKenna Long & Aldridge merger on the cards. Is the firm fattening up too fast?
Davis Polk & Wardwell was once compared to Skadden: a powerhouse in the US, sleepy in London. But then it smelt the coffee and launched an English Law capability in the City with the hire of Freshfields capital markets partner Simon Witty. What of it since?
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.
Former Stewarts Law partner Andrew Shaw is fighting the Solicitors Disciplinary Tribunal (SDT) ruling which saw him struck off in the High Court today, bringing the details of the case into the public domain for the first time.
Hogan Lovells is gearing up for a change of leadership as co-CEOs Warren Gorrell and David Harris prepare to step down next June and the firm abolishes its dual-headed management structure.
Key criteria for an anti-corruption technology solution download subscription
Datacert’s checklist provides a smart list of what to know when considering a legal management technology solution.
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
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