Cooley’s London branch has recorded another year of double-digit revenue growth as its top line grew 16% to $66.7m, four years after its launch. For the second year in a row, the City office outpaced the Palo Alto-bred firm’s global revenue growth, as the latter rose 14% from $1.07bn to $1.23bn. Global profit per equity …
Pinsent Masons has kicked off 2019 in expansionist mode, opening a new office in Frankfurt, right after finishing 2018 with three partner hires for its Irish base. Three years after opening in Düsseldorf, Pinsents announced at the beginning of January it had hired six partners from a range of independent and international firms to spearhead …
‘If you look at Wall Street, this model is replicated again and again. There is no reason it shouldn’t work in the UK.’ David Patient, now seven months into his second term as Travers Smith’s managing partner, responds philosophically to this Legal Business comment on the performance of his firm and Macfarlanes: ‘If two firms …
Continue reading “Defying gravity – Inside the improbable rise of Travers and Macfarlanes”
Two documents outlining the strategies of international firms in Germany came to light between 2016 and 2017. ‘Agenda 2020’ by Latham & Watkins set the goal of becoming the top outfit in the country by its titular date. ‘Germany 2020’ by Freshfields Bruckhaus Deringer, meanwhile, anticipated a reduction of the local partnership of more than …
My mother was always convinced I was going to be a barrister. She used to watch TV dramas involving barristers. My father, a much more practical man, was desperately trying to convince me I should do a subject that was useful. So I went into the law and really enjoyed it. I started at Edwards …
Linklaters’ Hong Kong based finance partner Davide Mencacci has replaced Tony Bugg to become the firm’s first non-London based banking head. Linklaters announced today (11 February) the election of the former Allen & Overy partner to the role for four years, while Bugg stepped down three years into his term to go back to full …
KPMG has added its name to the list of Big Four accountants ramping up their legal service offering in recent months, with a mammoth team hire from French law firm Fidal and the launch of a new legal consulting service. News emerged today (8 February) that 145 lawyers have left Fidal to join the accountant’s …
Continue reading “KPMG ups the ante with 145-lawyer hire in France and new consultancy service”
Further evidence of significant lateral movement between US players in London emerged today (7 February), with news that one the City’s most respected finance veterans, Chris Kandel, has quit Latham & Watkins after nine years to join Morrison & Foerster’s resurgent City arm. Kandel, a standout performer with a proven track record in leveraged finance, …
Continue reading “MoFo strikes London pay dirt with hire of Latham finance co-chair Kandel”
Linklaters has been granted an interim injunction against a former director of business development and marketing seeking to raise his concerns over the firm’s ‘current culture’ in ‘interviews for publication’. In a High Court ruling yesterday (5 February), Mr Justice Warby restrained the firm’s former executive committee member Frank Mellish from sharing information highlighting what …
Four years after launching in London, West Coast US firm Cooley is to launch its second European base in Brussels. The firm announced today (4 February) it has hired experienced competition partner Alexander Israel from leading German independent Noerr to lead the opening of its fourteenth branch worldwide. ‘Expanding Cooley’s presence in the European Union has …
Continue reading “Cooley leverages Brexit uncertainty to launch in Brussels”
