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.
Freshly merged Pillsbury Winthrop Shaw Pittman is hoping to ensure a more dramatic rise up the Am Law 100 rankings next year after taking the dramatic step of overhauling its management.
San Francisco-based Pillsbury Winthrop, which merged with Washington DC-headquartered Shaw Pittman last year, rose 12 places in the rankings to place 30th this year based on a combined gross revenue of $575m (£328.57m) in 2005 - an impressive feat on face value.
But closer analysis shows this to be a disappointing result, given that Pillsbury Winthrop reported a gross revenue of $432m (£236.07m) in 2004 while Shaw Pittman earned $191m (£104.37m), making a combined $623m (£340.44m) pre-merger.
It is hoped that the management overhaul at the firm will allow further integration of the two firms' teams and ultimately increase earnings - although Pillsbury has opted for a very management-heavy strategy.
As part of changes, Pillsbury has elected real estate partner James Rishwain as chairman and former Shaw Pittman managing partner Stephen Hutler as executive vice-chairman. Meanwhile, outgoing chairwoman Mary Cranston takes up the position of senior partner, advising on long-term strategy.
A new 12-partner board has also been installed, while New York insolvency partner Richard Epling has been elected to the newly revived post of lead director (a position Shaw Pitman had pre-merger), responsible for organising board meetings.