The past week has seen changes for several UK-headquartered firms in Asia with Olswang appointing a new Asia managing partner and Bird & Bird making two lateral partner hires, as corporate partner Neil Hyman retires from Slaughter and May‘s Hong Kong office.
After a steady decline of its partnership, US firm Dickstein Shapiro has dissolved and ceased from practicing law after 65 years, with most of its lawyers moving to Blank Rome.
Skadden, Arps, Slate, Meagher & Flom has confirmed it is closing its Sydney office – the US firm’s only base in Australia. The six-staff office will shut down in the first half of this year with all staff understood to be departing from the firm aside from co-head of Skadden Arps corporate finance group Adrian Deitz who …
Continue reading “Aussie exodus: Skadden closes sole office in Sydney”
Ashurst‘s highest paid member pocketed 11% less in the 2014/15 financial year compared to 2013/14, the firm’s LLP accounts show. The member with the highest entitlement to profit took home a little over £1m compared to £1.1m the previous year.
Orrick, Herrington & Sutcliffe has become the latest US firm to announce its partner promotion round making up just one in London from a total of 19.
Candidates to replace Ashurst‘s global managing partner have emerged as Legal Business can reveal the board is using a headhunter to find external non-lawyers to be considered for the role.
US firm revenue-season has begun with leading firm Paul, Weiss, Rifkind, Wharton & Garrison posting year-on-year growth. Revenues were up 7% in 2015 to $1.1bn from $1bn the previous year in what is the firm’s 16th year of record-breaking growth having broken the billion dollar barrier last year.
Continental Europe the next priority as firm chases larger international revenues Kennedys formed another international association last month, this time with Buenos Aires firm Estudio Bunge – Bunge, Smith & Luchía Puig.
Linklaters has got the year off to a flying start for equity capital markets work, leading on the announced initial public offerings (IPOs) of CMC Markets and Countryside Properties, while also advising the underwriters as Clydesdale Bank plans to float. The Magic Circle firm is providing English and US legal advice to online spread-betting company …
Having announced it will open a new office in Houston, 13 partners have joined US firm Orrick, Herrington & Sutcliffe, including McDermott Will & Emery‘s global head of energy Blake Winburne, and DLA Piper‘s co-chair of global and US patent litigation Claudia Frost.
