Fri, 17 May 2013
Exploit the power of digital with The Lawyer Acumen
The Lawyer Acumen is a comprehensive online resource giving everyone in the legal market real-time business intelligence on the sector.
7 December 2006
9 October 2006
11 June 2007
5 March 2007
26 November 2007
12 February 2007
Mayer Brown Rowe & Maw (MBRM) has announced its partner promotions for the year, more than quadrupling the number of London promotions compared to last year.
In all, 39 new partners have been made up worldwide, with 13 in Europe. Chicago, the firm’s historic US headquarters, saw the bulk of the promotions with 12.
London scored nine new partners, a dramatic increase on last year when it only received two. Five of the latest promotions were in the corporate group, with two in litigation.
London senior partner Paul Maher said: “We are sending a strong message to the market that we anticipate significant and continued growth here in Europe and globally.”
Worldwide by practice area, litigation benefited the most with 12 new partners, followed by corporate which garnered nine. Corporate and litigation are the two biggest practice areas for the firm.
The 39 new partners are now in line to enjoy worldwide average profits per partner (PEP) of £546,000.
The UK arm of MBRM moved away from a modified lockstep to merit-based compensation for partners in 2005. UK partners reported average PEP of £480,000 last year.
As of January 2007, the firm is to adopt a UK-style compensation system for partners, designed to encourage collegiate behaviour (as first reported in The Lawyer, 9 October).
This is important as global expansion is the top priority for MBRM. The 1,535-lawyer firm launched its first Chinese full-service office in Hong Kong last week.
Subscribe to The Lawyer today and get all the latest news stories, both domestic and global, and analysis of the legal sector.
A subscription includes:
The latest legal news, opinion, analysis, jobs and events. Wherever you are, whenever you need it.
Let us help you with an integrated approach to mobile and online advertising.
Site powered by Webvision