Baker McKenzie is pushing on with its profitability drive having picked Buenos Aires for its fourth business service centre some five months after putting an estimated 350 London-based support staff under consultation. On the other side of the Pacific in an unusually expansive move, Cooley has today (12 March) confirmed it will open in Hong …
For the sixth year in a row Linklaters has increased the size of its promotion round, adding 33 lawyers to its partnership. Eleven of the new partners announced today (11 March) and effective from May are women, surpassing the firm’s 30% annual target and meaning its overall partnership will be 20% female for the first …
A year after becoming the first law firm to break the $3bn barrier, Latham & Watkins has posted an even stronger set of financial results, growing revenue at a faster 11% rate to hit $3.386bn in 2018. Meanwhile, Sidley Austin joined the growing number of US firms to report double-digit growth for their City operations …
Hogan Lovells has posted an 8% increase in profit per equity partner (PEP) to $1.38m after reducing equity partner headcount 6% to 523 in 2018. The firm today (25 February) posted revenue of $2.12bn, up 4% on $2.04bn in 2017, a less pacey rate of growth than the 6% achieved in each of the previous two …
Continue reading “Tightening of ranks at Hogan Lovells sees PEP approach $1.4m as turnover rises 4%”
After rising by less than 1% in 2017, Shearman & Sterling’s global revenue grew at a slightly faster pace last year to hit $955.5m as profit per equity partner increased 5% to $2.4m. The New York-headquartered firm today (21 February) declined to disclose its London revenue for the second year running, although senior partner David …
Bucking a trend which has seen a number of City outposts of US firms grow apace last year, turnover at Cadwalader Wickersham & Taft’s London office dropped 13% to $43.1m in 2018. While London suffered the impact of a five-partner team departure at the beginning of last year, global figures painted a rosier picture as …
Taylor Wessing is entering into an alliance with Silicon Valley firm Wilson Sonsini Goodrich and Rosati. The UK top 20 firm confirmed to Legal Business today (18 February) that its global partnership has approved proposals for the two firms to co-operate on transactional work in tech and life sciences. It will see its lawyers work together …
Continue reading “Taylor Wessing to enter alliance with West Coast leader Wilson Sonsini”
Former Linklaters executive committee member Frank Mellish has agreed that he will not disclose information raising concerns over the firm’s culture after his former employer obtained an injunction against him. Mr Justice Warby said in a judgment in the High Court today (18 February) that the firm’s former director of business development and marketing had …
Continental Europe provided rich pickings to the global legal elite this week, as Blackstone and Hellman & Friedman agreed to one of the largest ever takeovers of a German listed company by a private equity group. It was a busy week for the UK market too, as Eversheds Sutherland joined Allen & Overy (A&O) on the €590m …
Goodwin Procter’s City arm grew at more than three times the pace of the firm globally in 2018, hitting $66.8m in the year in which the firm launched a European life sciences practice. The eye-catching 58% growth in London from $42.3m came as Goodwin’s global turnover rose 16% to $1.2bn, profit per equity partner was …
Continue reading “Goodwin London revenue surges 60% as European hiring spree pays off”
