K&L Gates promotes 28 to partner

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K&L Gates revenue up more than a quarter

K&L Gates has announced a 27 per cent increase in global revenues for the last financial year. The firm hiked revenue from $755.2m in 2007 up to $959.4m in 2008. Profit per equity partner (PEP) saw a 6.7 per cent increase during the same period, from $800,100 up to $853,900. K&L Gates chairman and managing […]

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Clifford Chance makes New York finance lateral

Clifford Chance has ramped up its New York corporate finance capabilities, snaring a partner from Cahill Gordon & Reindel. Gary Brook will join the New York office advising financial institutions on leveraged lending, debt restructurings and securities offerings and acquisition financing. Clifford Chance US head Craig Medwick said: “The leveraged finance markets are evolving as […]

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Herbert Smith advises on Nortel administration

Herbert Smith has won another instruction on an administration with a Canadian element, advising Ernst & Young (E&Y) on the administration of the European businesses of Canadian telephone manufacturer Nortel Networks. As reported on TheLawyer.com the firm also advised E&Y on the administration of oil exploration company Oilexco North Sea (19 January). On Nortel, the […]

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Pitch perfect

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