With partners from Clyde & Co and BLM recently voting through their £700m merger, observers have offered conflicting views on what the tie-up means for the market. Legal Business broke the news on 18 March that a partnership vote was imminent, and Clyde confirmed on 28 March that the vote had passed, with the combination to …
In what the firm is hailing as ‘its best financial year ever’, Paul Hastings has posted an eye-catching 41% growth in City turnover from $108.6m to $157.2m. Globally, Paul Hastings did not fare much worse, with worldwide turnover jumping 20% from $1.31bn to $1.57bn. This was accompanied by a 21% hike in profit per partner (PPP), …
Continue reading “Paul Hastings toasts quarter century in London with 41% City revenue surge”
Clyde & Co and BLM are at an advanced stage of merger discussions, with both sets of partnerships due to vote on a tie-up before the end of March. Legal Business understands that there is significant confidence that the deal will be green-lit.
London. A bitingly cold day at the end of January and Legal Business ventures out on a novel expedition to Liverpool Street. An enforced pandemic-induced break from office-dwelling has made deciphering which of Exchange House’s two entrances will gain us access to the Herbert Smith Freehills (HSF) offices a little more challenging than it should …
Continue reading “Herbert Smith Freehills: Between two peaks”
While some discover an aptitude for law while at university, others have it in their veins. According to Elisabeth Sullivan, recently installed as general counsel (GC) of book retailer Waterstones, she very much falls into the latter category. ‘People always told me since I was a kid I should be a lawyer because I had …
Continue reading “The Client profile: Elisabeth Sullivan, Waterstones”
In what it calls the ‘most successful year in the firm’s history’, Hogan Lovells has added $300m to its top line as revenue increased 13% from $2.3bn to $2.6bn. It posted an even more striking profit result, with PEP shooting upwards 26% from $2m to $2.5m. Revenue per lawyer also saw a healthy 17% increase …
Continue reading “Hogan Lovells hails ‘record’ financial results as revenues and profits soar”
Ensuring that last year’s striking financial performance was no fluke, White & Case has unveiled another set of enviable results as 2021 global revenue jumped 20% from $2.4bn to $2.87bn. London partner and executive committee member Oliver Brettle (pictured) told Legal Business that the firm’s global revenues had grown by 76% in five years, and …
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In an emphatic endorsement of five years’ sustained revenue growth, Ashurst global chief executive Paul Jenkins has been reinstated for a further four-year term from 1 November 2022. Having originally been elected CEO in 2016, Jenkins has successfully guided Ashurst through a tricky post-merger period, with revenues far exceeding expectations. Turnover stuttered in the years …
Continue reading “Happy 200th birthday: Ashurst chief Jenkins re-appointed for four-year term”
In the latest round of lateral partner recruitment, Baker McKenzie has appointed a leading restructuring and insolvency partner in London. Sarah Smith, who joins the firm from Dechert, will be tasked with expanding Baker’s restructuring and insolvency practice in London, EMEA and beyond. She has a broad finance practice focusing mainly on financial restructuring, as …
HFW has announced that global aviation head Giles Kavanagh has been elected as its new senior partner, ending stalwart Richard Crump’s 15-year tenure. Kavanagh (pictured), who already has significant experience from being a member of HFW’s management board, will officially take over on 1 April 2022. It will mark the end of Crump’s fifth consecutive term …
Continue reading “HFW ushers in new era as Crump ends 15-year senior partner reign”
