International round-up: Latham hits DLA’s Madrid outpost again for antitrust partner as Kennedys opens innovation back office in India

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International round-up: Latham hits DLA’s Madrid outpost again for antitrust partner as Kennedys opens innovation back office in India

Latham & Watkins has dealt yet another blow to DLA Piper’s Spanish ranks, hiring its first Madrid-based antitrust partner, while Kennedys has joined the growing number of firms beefing up their low-cost capabilities. Former DLA head of competition José Maria Jiménez Laiglesia has succeeded against four other candidates to join Latham’s Madrid outpost, which has almost doubled …

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Double whammy for Magic Circle infra as Latham hires CC’s Moylan and A&O’s Andersen

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Latham & Watkins has secured the services of two of the highest profile names in the City’s infrastructure private equity space in a double hire at the expense of Clifford Chance (CC) and Allen & Overy (A&O). CC’s private equity offering took a knock amid one of the firm’s most senior departures in years as infrastructure head …

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‘The giant is awakening’: Baker McKenzie adds $230m to revenue as partner profits surge 13%

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‘The giant is awakening’: Baker McKenzie adds $230m to revenue as partner profits surge 13%

Baker McKenzie has posted one of its best financial performances in recent history as revenue hit $2.9bn and partner profits reached $1.44m in the year to 30 June 2018. An upbeat chair Paul Rawlinson claimed his firm was winning more higher value work as revenue rose 10% in constant currency and 8% in dollar terms from …

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RPC’s profits rebound amid 10% revenue growth after consulting arm produces ‘good results’

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RPC’s profits rebound amid 10% revenue growth after consulting arm produces ‘good results’

RPC has followed up on last year’s disappointing financial performance with a 10% rebound in profits as revenue hit £112.7m. The rise in net income to £28.9m was coupled with an 8% increase in profits per equity partner (PEP) to £348,000. The 2017/18 financial year was an improvement on last year’s modest 2% revenue growth, which …

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Restructuring star Sum makes quick exit from Sidley’s City practice to join Latham

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Restructuring star Sum makes quick exit from Sidley’s City practice to join Latham

Latham & Watkins has hired former Linklaters restructuring star Yen Sum just over a year after she joined Sidley Austin in one of the quickest turnarounds in London’s senior lateral recruitment market. Sum is joining Latham alongside fellow finance partner Jennifer Brennan, another Linklaters alumni who had also followed her from the Magic Circle firm to Sidley just …

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Another big-dollar mandate for Travers as Micro Focus sells software business to EQT

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Another big-dollar mandate for Travers as Micro Focus sells software business to EQT

Extending beyond its reputation for outstanding mid-market deal work, Travers Smith has once again put its name to a multibillion-dollar deal as IT company Micro Focus sells its open-source software business SUSE for $2.5bn. Swedish private equity group EQT Partners is on the other side of the table and turned to US giants Latham & …

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Global 100: Wrecking ball – Inside Kirkland & Ellis’ creative destruction

Posted on | Analysis Global 100 2018 | and
Global 100: Wrecking ball – Inside Kirkland & Ellis’ creative destruction

They said rapid growth is hard if you are already big. Last year it hiked revenue 19% from $2.65bn. They said profitability is about focusing on quality over growth. As it became the highest grossing law firm in the world, fee-earner headcount surged 13.5% to over 2,000 and profit per equity partner (PEP) was up …

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