The firm most likely – can anything halt Latham’s global rise?

The most upwardly mobile member of the international elite has handed its leadership to a ‘global hawk’. Can anything halt the rise of Latham & Watkins? At the end of a lengthy call mulling the prospects of Latham & Watkins amid a once-in-a-generation change of leadership, one Allen & Overy partner summarises: ‘They’re still doing …

Strategy review puts US merger and new office launches on HSF agenda

Further New York growth and Washington DC offering on the cards Herbert Smith Freehills (HSF) is accelerating its US development plans, launching consultations to explore a US merger and office openings outside of New York. The performance of HSF’s New York office has exceeded early expectations after landing a number of large white-collar investigations and …

Shearman & Sterling plans first African office opening

Firm prepares for association in Egypt with energy focus US law firm Shearman & Sterling is preparing to open an office in Egypt, marking the firm’s first foray into Africa with plans for an international arbitration and projects practice. Shearman, which has a five-partner office in Abu Dhabi handling project finance and arbitration work, and …

From suits to silks: the rise of the solicitor QC

The five solicitors to take Queen’s Counsel in the latest round of appointments had one thing in common: they were all arbitration specialists. While the number of solicitors taking silk remains low, the latest round, announced in January, saw the highest percentage of applicants from law firms, with 4% of the 223 applications coming from …

A robust year for M&A shows challenge for City leaders in competing with US rivals

With no single UK law firm having made a significant impact on the US market, it was no surprise that the Magic Circle surrendered more ground to their US peers in the annual M&A league tables for 2014, given the deal splurge US corporates have been on. Freshfields Bruckhaus Deringer, Linklaters, Allen & Overy (A&O) …

Slaughters, Davis Polk and Skadden cash in on Shire’s biggest ever takeover

Dublin-headquartered Shire, took to the January sales with the $1.5bn it received in a break-fee from US pharma giant AbbVie following the collapse of their proposed $55bn tie-up late last year, securing the acquisition of biotech firm NPS Pharma. The company returned to Slaughter and May, which drafted the AbbVie break-fee due to the political …