Operating profits at Norton Rose Fulbright’s (NRF) Eurasian business fell 7.5% to £115.8m in the year to 30 April 2017, the firm’s latest LLP accounts have revealed. The fall in profits for this segment of the business, which includes the legacy Norton Rose operations, came despite a 3% rise in turnover from £444.3m to £457.9m.
Profits at all three CMS Cameron McKenna Nabarro Olswang legacy firms fell in the last financial year before their three-way union went live, LLP accounts for each firm reveal. As the first evidence of the 2016/17 financial performance for Nabarro and Olswang in particular -which did not release their financials in the summer – the …
Revenue from Dentons’ continental European practice grew 21% to €288m in 2017, as the firm recorded growth in all but one of its offices in the region. In a year in which it completed its expansion into ‘initial priority markets’ on the continent by entering The Netherlands and hired 51 partners, the LLP – which …
Continue reading “‘Potential is still enormous’: Dentons European arm grows revenue 21% in 2017”
While top 20 LB100 firms Bird & Bird and Clyde & Co both boosted their operating profit in the 2016/17 financial year, LLP accounts show that Bird & Bird also saw its debt grow while Clyde & Co’s rising partner numbers contributed to management and highest-paid member numbers barely increasing. Bird & Bird’s LLP accounts …
With the recent #MeToo campaign shining a light on sexual harassment and misogyny across every industry, a Dentons partner has been put on leave of absence while the firm investigates reports of sexual misconduct made against him. The firm confirmed one of 62 partners who joined Dentons from Maclay Murray & Spens after the firms merged …
It has long been a prestigious New York shop without ever quite gaining critical mass in London, but Milbank Tweed Hadley & McCloy looks to be widening its ambitions after securing a four-partner restructuring team from Cadwalader Wickersham & Taft. The move greatly expands Milbank’s City finance team, and includes Cadwaladers’ global financial restructuring co-chair Yushan …
A heavyweight line-up of Slaughter and May, Freshfields Bruckhaus Deringer, Dentons, Clifford Chance (CC) and Linklaters have mobilised as construction giant Carillion files for liquidation in one of the largest UK insolvencies for years. Dentons’ restructuring partners Nigel Barnett and Neil Griffiths are advising the liquidator, the Official Receiver, which the government will be providing …
Continue reading “Magic Circle scrambles as UK construction giant Carillion falls into liquidation”
While 2017 saw Norton Rose Fulbright (NRF) further expand its global footprint through two mergers in the US and Australia, the new year has begun with the firm losing out internationally with Paul Hastings recruiting its Japan head of corporate and NRF closing its Abu Dhabi and Kazakhstan offices. Paul Hastings confirmed Eiji Kobayashi has …
Weil, Gotshal & Manges will close its Budapest office after its 20-strong Hungarian team agreed to join Bird & Bird in the latest chapter of the UK top 20 firm’s international expansion. In what both firms described as the result of an ‘amicable’ discussion, Weil’s Budapest managing partner David Dederick will co-lead Bird & Bird’s …
Continue reading “Weil Gotshal to shut Hungarian operations as team jumps to expansive Bird & Bird”
As the January senior appointments merry-go-round at City and global law firms continues, Hogan Lovells has announced a new chair while Travers Smith has re-elected David Patient as managing partner. In a move that brings its German practice in the spotlight, Hogan Lovells has announced that Hamburg-based Leopold von Gerlach will replace Nicholas Cheffings as …
