Baker McKenzie is to bring London and seven of its offices in Europe, Middle East and Africa (EMEA) into one profit pool as the firm moves towards full financial integration in the region. Global antitrust chief Fiona Carlin has been elected to lead the integrated business, uniting 1,000 lawyers in the City, Brussels, Amsterdam, Stockholm, Madrid, …
Macfarlanes has seen a rare partner exit as investment fund finance group leader Bronwen Jones quit the City stalwart after 14 years for Reed Smith. The first lateral hire from the firm since head of competition Marc Israel left for White & Case in November 2016 , Jones left last Friday (23 February) and is …
Eight years into its transatlantic union Hogan Lovells is finally gaining some momentum, posting another solid financial performance and passing the $2bn revenue mark in 2017. Global turnover rose 6% to $2.036bn while profit per equity partner (PEP) returned to growth, rising 2% to $1.28m. The weak pound meant the firm experienced an 11% top line …
Continue reading “Momentum at last for Hogan Lovells as global turnover passes $2bn mark”
Latham & Watkins has become the first law firm ever to report revenues over $3bn with the Los Angeles-bred firm adding nearly $250m to its top line. The US giant today (22 February) confirmed financial results for the 2017 year, showing an 8.5% hike in revenues to $3.06bn, against $2.82m the previous year. Profit per equity …
Simmons & Simmons will conduct an independent review of how Baker McKenzie handled allegations that one of its partners sexually assaulted a junior lawyer several years ago. Bakers confirmed today (21 February) it has appointed Simmons to review the incident, which resulted in the associate leaving the firm after reaching a settlement and signing a …
‘Compared to ten years ago, in some ways it’s easier for women and in some it’s more difficult. It is easier because there is a lot of support for gender equality and initiatives to support women. For example, the 30% Club to support them particularly at senior level and at board positions. Attitudes have changed, …
Continue reading “Women deal stars: perspectives – Penelope Warne, CMS”
‘My career has been a tale of reinvention and creativity. I have been very lucky in that I have worked on three continents. I started in New York as a corporate finance lawyer in the traditional sense, then transferred to Singapore where younger lawyers did a bit of everything: investment funds, LBOs, JV finance, capital …
Continue reading “Women deal stars: perspectives – Tamara Box, Reed Smith”
A court in Munich has sentenced a former Linklaters partner to three years and three months in prison for sexual assaulting a student at a firm party several years ago. Tax partner Thomas Elser assaulted an intern after Linklaters’ Oktoberfest party in September 2014 before a former litigation partner of the firm, Laurenz Schmitt, intervened …
Continuing the strong showing from US firms in London recently, Sidley Austin and Morrison & Foerster (MoFo)’s City offices recorded a convincing performance in 2017, each posting double-digit percentage growth in their top line. Expansive global giant Sidley posted a 14% City revenue hike to £85.7m in a year marked by five headline lateral hires …
Continue reading “Global London: Sidley and MoFo City outposts record double-digit revenue growth”
Hogan Lovells is the latest firm to venture into flexible lawyering after agreeing a partnership with New Law pioneer Elevate. The deal announced today (15 February) will give the transatlantic giant access to a pool of 1,500 self-employed professionals worldwide to support its UK business. Elevate will provide a group of pre-vetted lawyers to choose from …
