2 February 2009

Sidley posts 7.4 per cent revenue increase for 2008

Sidley Austin has hiked revenues by 7.4 per cent for the last financial year. Sidley Austin has hiked revenues by 7.4 per cent for the past financial year. Sidley, the latest US firm to announce its 2008 results, posted an increase in revenue in 2008 from $1.38bn up to $1.48bn. Average profit details are not […]

Cleary loses out to SEC for regulatory expert

A Cleary Gottlieb Steen & Hamilton partner is returning to the Securities and Exchange Commission (SEC) as general counsel and senior policy director. David Becker, a capital markets and regulatory specialist has spent the past seven years at Cleary in the firm’s Washington, DC office. Previously, Becker was general counsel at the SEC from 2000 […]

Gibson Dunn revenue up, PEP dips

Gibson Dunn & Crutcher has announced a 5.44 per cent revenue hike for the 2008 financial year. Firmwide revenue grew from $907.7m in 2007 up to $957.1m last year, while profit per equity partner (PEP) saw a dip of 1.32 per cent from $1.9m down to $1.87m. The US firm made significant investment into its […]

The Latham guessing game

In the flurry of speculation over financials this year, the reality is that some firms’ results are simply more interesting than others’. And for the past few days, it seems everyone has been on tenterhooks for Latham & Watkins’ figures. The official results are due out next week. Unofficially, sources within the firm are predicting […]

Norton Rose banking head to be next chair

Norton Rose has handed banking head Stephen Parish the role of chairman following a contested election. Norton Rose banking head to be next chair” />Norton Rose has handed banking head Stephen Parish (pictured) the role of chairman following a contested election. Parish beat Middle East managing partner Campbell Steedman in a partnership vote, and will […]

White & Case wins PwC role on Baugur administration

White & Case has won a role alongside SJ Berwin on the collapse of Baugur, which was placed into administration following today’s High Court ruling. Baugur had attempted to see off administration by applying for bankruptcy protection in Iceland, but conceded defeat this morning. SJ Berwin had been acting for Baugur’s main lender, Icelandic bank […]

Mayer Brown London revenues up 8 per cent

Mayer Brown London revenues up 8 per cent” />The London office of Mayer Brown managed to weather the economic downturn reasonably well in 2008, posting a revenue rise of 8 per cent to hit £111.6m. Globally the firm saw revenues rise by 9.4 per cent to $1.29bn (£870m) although its average profit per equity partner […]

1

Latham 2008 revenues projected to slump

Revenues at US firm Latham & Watkins fell by up to $400m during the 2008 financial year, a drop of around 20 per cent. The firm, which will make an announcement on its financial performance next week, made headlines at the end of 2007 when it broke the $2bn revenue barrier for the first time. […]

A&O, Clifford Chance on Abu Dhabi banks deal

Allen & Overy (A&O), Clifford Chance and White & Case have advised on the Abu Dhabi Government’s 16bn AED (£2.98bn) bail-out of five local banks. Clifford Chance advised the Abu Dhabi Government on its tier 1 capital injection into the emirate’s banks. Capital markets partner Simon Sinclair in London and Abu Dhabi capital markets partner […]

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India debates liberalisation after Anglo-Indian tie-ups

The Bar Council of India (BCI) has scheduled talks on liberalisation following the signing of a number of allegiances between Indian and UK firms. A meeting of all BCI members will take place later this month to gauge whether members are now supportive of allowing international firms to practise in the country. Bar Council of […]

4

The flight from decency

While the race is on at the magic circle to see who can sack most people and boost profits for those remaining as quickly as possible, some firms have little time for such a strategy. Dewey & LeBoeuf chairman Steve Davis was over in the London office last week as part of his fortnightly “check-in” […]

Hip hop on the Trott

3.06pmThe courts just can’t get enough of LA rapper Snoop Dogg, otherwise known as Calvin Broadus Jr. But it’s not his songs that they’re after. 5 February, 3.06pm The courts just can’t get enough of LA rapper Snoop Dogg, otherwise known as Calvin Broadus Jr. But it’s not his songs that they’re after. Snoop’s long-running […]

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