The partnership of Hogan Lovells has voted in chief executive Miguel Zaldivar for a second four-year term, the firm today (5 September) confirmed. The move follows on from the firm’s board’s unanimous recommendation that Zaldivar (pictured) be re-elected for a term starting on 1 July 2024, subject to a partner vote, which closed at the …
Despite the sluggish summer hiring season, it has been busy in New York. After losing several partners to Paul Weiss, Kirkland announced it had appointed partner Adam Shapiro to its debt finance group. He brings with him a wealth of experience in restructuring, leveraged finance and syndicated lending, having served at Simpson Thacher for 16 …
Continue reading “Revolving Doors: Kirkland, Shearman and Latham hire in New York”
Following Sidley’s hire of private equity specialists Ramy Wahbeh and Kaisa Kuusk from Paul Weiss in June, Legal Business caught up with Wahbeh along with London managing partner Tom Thesing, and partner and management committee chair Yvette Ostolaza, to discuss the recent expansion in the City. So far this year, the firm has made a …
‘There are more than 40 US law firms that are more profitable than the Magic Circle. The Magic Circle firms are, in US profit terms, very much middle-of-the-road players.’ Maurice Allen, founder of consultancy LTN & Partners, who has been a partner at Clifford Chance (CC), White & Case, Weil, Freshfields and Ropes & Gray, …
Continue reading “Magic Circle in the US: Running to stand still”
The annual flood of financial results has engulfed the market once again, with Legal Business 100 firms observing how the Magic Circle firms in particular have performed compared to City peers. Financial performance reported among UK firms so far reveal an estimated average growth of 8% in revenue, only slightly down on the average revenue …
Continue reading “Numbers unveiled: 2022/23 financial results show 8% average revenue growth”
The board of Hogan Lovells has given its unanimous recommendation for Miguel Zaldivar (pictured) to be re-elected as the firm’s chief executive for another four-year term, starting on 1 July 2024. The move will be subject to a partner vote, which closes at the end of August. Succeeding Steve Immelt, Zaldivar assumed the role of …
Continue reading “A shoo-in: Hogan Lovells partners prepare to back CEO Zaldivar for a second term”
Debt finance rainmaker Neel Sachdev (pictured) has led a team defecting from Kirkland & Ellis to Paul Weiss, in what will be seen as a major coup for the Wall Street firm’s City ambitions. The hire of Sachdev is arguably the most influential transfer in the City’s history since buyout star David Higgins left Freshfields …
Lawyers adhering to a minimum of four days in the office a week policy is gaining traction among US firms, with Vinson & Elkins now joining the trend, while UK firms appear less inclined to follow suit just yet. Vinson & Elkins announced on 9 August that it will adopt a four-day in-office schedule from …
Leading the moves this week, Goodwin has hired McDermott partner Arvin Abraham for its private equity practice in London. He brings with him experience advising on transactions for private equity sponsors, venture capital funds and strategic investors, mainly in the fintech, healthcare and life sciences sectors. Speaking to Legal Business about why he decided to …
With the financial reporting season in full swing, Taylor Wessing has unveiled its latest results, becoming a €500m firm for the first time. The firm experienced slower growth compared to the previous season, as it did not achieve double-digit growth as it did in 2021/2022. The firm saw a 4% increase in global revenue to …
Continue reading “Financials 2022/23: Taylor Wessing sustains global growth for fifth year in a row”
