The global diversification of wealth continues to drive the efforts of law firms’ private client teams as the world’s population of affluent individuals continues to climb. LB tracks the latest developments. The international private client teams at major law firms are thriving. The practice area, for decades regarded as the black sheep of the family, …
THE GLOBAL 100: Legal Business examines the key financial data from the world’s top 100 law firms.
An intense and long-running battle is set to begin over the assets of Dewey & LeBoeuf which, as many observers had long predicted, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in Manhattan on 28 May. The filing sets the stage for a struggle between creditors that experts predict could run for …
Continue reading “Creditors draw battle lines over Dewey & LeBoeuf assets”
Turnover at Magic Circle firms rose by a modest 2.6% this year, with the UK’s five Global Elite firms pulling in over £5.2bn of fees and £4.2bn worth of profit in the 2011/12 financial year. As the UK’s financial reporting season kicks off, Allen & Overy emerges as one of the top performers after another …
Continue reading “Magic Circle sees revenues up after muted financial year”
Ahead of our LB100 report next month, one merger is on the table that requires some hard choices now to be a future success. Lawrence Graham (LG) has confirmed it is ‘evaluating a merger’ with City rival Field Fisher Waterhouse (FFW). The deal would put the new firm comfortably in the top 25 of the …
Long live the Verein. The overwhelming majority of firms in this year’s Global 100 report are still single-partnerships, but with seven of the top 100 firms in the world now comprising multiple partnerships, it’s clear that the mantra of ‘one partnership, one firm’ is being challenged.
As all eyes turn to energy as the safe hedge in a turbulent market, there is no doubt that the sector’s general counsel are in an excellent bargaining position In terms of legal spend, an energy company is a particularly lucrative client. To begin with, the acquisitive nature of these cash-rich corporates means that transactional …
Singapore has emerged as the location of choice to serve the legal markets in China and India and is attracting waves of international firms. LB looks at the reasons why the jurisdiction is king of the so-called Chindia market With the European Union in its spiralling debt mess and the US hugely overdrawn, global businesses …
After a series of shocks to the global economy, followed by Dewey & LeBoeuf’s downfall, there’s plenty of concern for US firms American managing partners have become accustomed to false dawns and 2011 had a depressingly familiar feel to it. The start of the year was promising, with counter-cyclical workflows in litigation and bankruptcy joined …
The world’s 100 largest law firms have faced another challenging year of depressed economic markets and little to no transactional work. So how have they fared? LB finds out The combined revenues of the 100 biggest law firms in the world reached new heights this year. Setting a five-year Global 100 record, combined turnover came …
