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.
The fourth largest US law firm, Latham & Watkins, is looking to merge with a London firm - and Linklaters is being mooted as a possible partner.
City firm Linklaters has met with partners from the Los Angeles-based US giant, which visited London on a factfinding mission. Latham & Watkins has 1,000 lawyers and a turnover of $502m.
Linklaters' managing partner Terence Kyle admits partners from Latham & Watkins visited his firm earlier in the year, but says they are not in merger talks.
He says: "Just because two or three partners from Latham & Watkins made a visit around the leading London firms, everyone has got excited." He adds that Linklaters plans to expand in the US without joining a US firm.
But a source at a top five City firm says a Linklaters transatlantic merger was discussed, and adds: "It was prompted by the merger of Clifford Chance and Rogers & Wells."
Kyle confirms the meeting was held by tax partner Tony Angel and senior partner Charles Allen-Jones, but protests it was a general annual staff meeting and not a discussion of a possible merger by partners. He adds it was planned before Clifford Chance's merger.
Latham & Watkins currently has offices across the US and in London, Moscow, Singapore, Tokyo and Hong Kong.
The firm was in talks with the Rogers & Wells' Paris office, which is breaking away, but they fell through last month, as revealed in The Lawyer (28 June).
Latham & Watkins refused to be drawn on the issue.