SJ Berwin creates new COO role with hire of McKinsey’s Baumgartner

Top 25 City firm SJ Berwin has announced the hire of Rick Baumgartner as the firm’s first-ever chief operating officer (COO). Baumgartner will join on September 9 from leading management consultancy group McKinsey & Company. Baumgartner has over ten years’ experience with McKinsey, prior to which he worked at the Australian stock exchange and has …

Global 100: In the club

As the international legal market stratifies, the gap between executive class and economy is widening in the Global 100. Here we discover which firms have the dream ticket Arnold & Porter, the Washington DC-based firm that specialises in regulatory, antitrust and commercial litigation, posted a 14% increase in revenue to $731m this year, its second …

Back at the gate: US invaders raise fresh questions over private equity status of CC and Linklaters

David Stevenson surveys a fast-changing buyout landscape to find US ‘barbarians’ once again pressing in on City leaders Unfortunately for top City firms looking to defend their position in private equity, it takes more than a five-year freeze in credit markets and a sustained downturn in leveraged buyouts to stop foreign rivals trying to move …

Lawyers On Demand launches new pay-as-you-go model as demand increases for flexible staffing

As senior private practice and in-house lawyers increasingly turn to flexible staffing options to manage their costs, Berwin Leighton Paisner’s (BLP) Lawyers on Demand (LoD) has extended its offering in the marketplace by adding a pay-as-you go, remote services model. The new service, LoD on Call, will operate alongside the firm’s existing secondment model, now …

SJ Berwin reveals turnover increase of 2% as partnership expansion hits PEP

SJ Berwin has become the latest leading UK law firm to release its 2012-13 financial results, with its unaudited accounts revealing an increase in revenue of 2% to £184.6m, exceeding last year’s growth figure of 1.1% to £180.1m. Profit figures have yet to finalised but early indications suggest that net profit has risen slightly at …

Revolving Doors: Olswang, Macfarlanes, Dechert, DWF and Weightmans in strategic partner hires

Revolving Doors: Olswang, Macfarlanes, Dechert, DWF and Weightmans in strategic partner hires

Macfarlanes and Dechert have made key strategic hires in the past few days while top 35, 382-lawyer UK firm Olswang has bolstered its City tax practice with the arrival of partner Andrew Quale from Eversheds. Specialising in employee incentives and rewards, Quale has experience of advising multinational companies on the implementation of global incentive plans.

Deal Watch: Clutch of US firms including Skadden, Cleary and Kirkland secure high value corporate mandates

After the slowest opening M&A quarter for a decade the past week saw signs of the forecasted uptick in M&A activity as a clutch of US firms including Skadden, Arps, Slate, Meagher & Flom, Kirkland & Ellis and Cleary Gottlieb Steen & Hamilton secured high value mandates. In what is said to be the largest …