This week saw the publication of The Lawyer Global Litigation Top 50, our unique analysis of the world’s leading litigation practices.
Once again DLA Piper topped the list with litigation fee income of $1.128bn, up from $1.09bn in 2013 despite a fall in the number of litigators working at the firm.
It headed a list which is still dominated by US firms. Only eight UK firms appear, with Freshfields Bruckhaus Deringer the highest-ranked in eleventh place. Freshfields posted the highest ‘organic’ increase in litigation revenue over the past three years of any firm in this year’s top 50, rising 32.5 per cent since 2011.
The focus of the report this year is on the rise and rise of global investigations and regulatory practices, which is an area that has seen significant investment by many firms. They are responding to more activity by regulators around the world, but particularly in the US.
Some firms, such as Baker & McKenzie , are even launching initiatives designed to improve their lawyers’ and their clients’ knowledge of regulatory investigations.
Make no mistake – this is one trend which is here to stay.
Also on TheLawyer.com:
- Third-party litigation funders who bankrolled the $1.6bn claim brought by Clifford Chance client Excalibur Ventures are gearing up to bring a professional negligence claim against the firm , following defeat in the High Court last year
- The Financial Conduct Authority has promoted lawyer and current head of enforcement Tracey McDermott as part of a structural overhaul after admitting its supervision function was “under strain”
- Kingsley Napley has raided Mishcon de Reya for media partner Charlotte Harris , who is set to kickstart the firm’s new media and reputation management group
- Arbitration boutique Three Crowns has hired Covington & Burling partner Carmen Martinez Lopez as a partner in its London office along with senior associates for each of its three bases
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