Herbert Smith Freehills (HSF), Berwin Leighton Paisner (BLP) and Mayer Brown are leading as Chinese Investment Group CC Land is in advanced talks to buy one of London’s landmark buildings, the Leadenhall building (known as the Cheesegrater) for over £1bn.
Herbert Smith Freehills (HSF), White & Case and Pinsent Masons have picked up mandates advising on the establishment of the first new clearing bank to be approved on the UK market in 250 years.
As the latest firm to report its global financial results, Winston & Strawn had revenue growth of less than 1% last year to $823m, while Goodwin Procter saw its revenue increase by 5% to $912m as the firm made a series of lateral hires in 2016.
Herbert Smith Freehills (HSF) has posted a spring trainee retention rate of 77%, compared to a rate of 94% this time last year when the firm recorded its third straight score of more than 90%.
Latham & Watkins announced today (27 February) that capital markets partner Richard Trobman has won a contested election to become one of two vice-chairs of the firm, to succeed New York-based David Gordon who has been vice chair since 2011.
Reed Smith‘s global revenues fell for the second consecutive year in 2016, by 4% to $1.08bn from $1.12bn, which the firm said was the result of managing down headcount by 81 lawyers over the year.
Latham & Watkins is the latest US firm to boost its revenue, announcing 7% growth and breaking the $3m mark for profit per equity partner (PEP) for the first time.
Berwin Leighton Paisner (BLP) has revealed the weakest trainee retention rates for spring so far, with the firm holding on to just 55% of its trainee cohort. Only 11 out of 20 trainees are to join BLP as newly-qualified (NQ) lawyers, after 70% were kept on in spring 2016, 61% in 2015 and 89% in …
Continue reading “Trainee retention: BLP keeps on 55% as Clifford Chance’s rate also slips”
Milbank, Tweed, Hadley & McCloy has become the latest firm to announce its London revenues, which rose by nearly $4m to $114.1m in 2016, 4% up on the $110.2m achieved in 2015. Growth in the City has been slower this year for the US firm, which posted a 6% rise last year.
Slaughter and May announced today (17 February) that it has hired Herbert Smith Freehills‘ head of pensions Dan Schaffer, in the second ever lateral hire in the firm’s history.
