Operating profits at Linklaters dipped 1% to £472.3m, while Macfarlanes’ highest-earning partner brought home almost £4m in 2017/18, the two firms’ LLP accounts showed this week. In a mixed bag of financial results, the fall in profits at Linklaters came despite a 6% rise in turnover to £1.51bn. The operating profit figure reported is more …
Global players scaled up their investment in continental Europe this autumn, with Dentons launching its fourth German base and White & Case growing its French team. Meanwhile, Weil, Gotshal & Manges has shut its doors in Prague, its second office closure in central and eastern Europe (CEE) in 2018. Dentons’ fast-growing German branch hired Taylor …
China and Hong Kong are becoming increasingly challenging places for the global elite as the competition for talent from local shops intensifies. Among the most recent victims were Reed Smith, Cleary Gottlieb Steen & Hamilton and Shearman & Sterling, which lost out to Australian firm MinterEllison, King & Wood Mallesons (KWM) and Fangda Partners respectively. …
The view from Fort Canning Hill is telling. You stand next to an early 20th century lighthouse, a testament to Singapore’s early success as a maritime trade hub. It shut in 1958, as the skyscrapers vaulting up rendered it hardly visible from the sea – a port at the crossroads of India and China was …
For a 109-year-old giant that fielded just 12 offices at the beginning of 2017, Kirkland & Ellis has had an expansive 18 months. Of course, there is never a better time to invest than the year in which your firm became the highest-grossing legal outfit in the world as Kirkland did in 2018 after posting …
Continue reading “Deal View: Warlords in Paris – Kirkland’s long march to the French capital”
Marco Cillario caught up with CMS UK managing partner Stephen Millar to discuss the first year since the three-way union with Nabarro and Olswang went live Legal Business (LB): What’s your general take on the first year and a half of life of CMS Cameron McKenna Nabarro Olswang?
Lehman Brothers International (Europe) (LBIE)’s 5,500 employees left the London office at 25 Bank Street on Friday 12 September 2008 expecting to return on Monday morning to their weekly routine. As did their colleagues in the rest of the world. Not that life had been easy up to that point. Global financial turmoil had been …
Continue reading “‘No blueprint’: Looking back at Lehman’s wind-up”
In probably the worst kept secret in Chicago legal circles, Kirkland & Ellis has confirmed that partner Jon Ballis will become its next chair when highly-rated incumbent Jeffrey Hammes steps down in February 2020. Ballis’ elevation was officially confirmed last week, though Legal Business reported the succession plan back in July. Nevertheless, the Chicago-based private equity …
Weil, Gotshal & Manges is continuing to scale back its once-potent central and eastern Europe (CEE) operations with its entire Czech Republic-based team set to spin off at the end of the year. The New York firm confirmed today (27 November) that veteran Prague managing partner Karel Muzikář will quit after more than 25 years to …
Continue reading “Another CEE closure for Weil Gotshal as Prague team launches independent firm”
Globetrotting firm Dentons’ chair Joe Andrew and chief executive Elliott Portnoy have been elected for their third and fourth terms respectively at the helm of the firm after an uncontested election. Announced today (19 November) the duo ran unopposed and secured the needed backing of more than half of the partnership.
