White & Case nears $3bn mark as expense control drives double-digit PEP hike

White & Case has taken another step towards the $3bn turnover mark, posting a 4.3% increase in global revenues to $2.95bn for 2023, despite London turnover dipping 1.6% to $444m. The international firm saw global revenues rise from $2.83bn in 2022, when London turnover stood at $451m. Profit per equity partner (PEP) increased by 12.7% …

Female empowerment – which firms are best at championing women?

In recent years the Legal 500 has made a concerted push to boost female representation across our rankings, dedicating much effort to identifying the best women at all levels of seniority, from rising stars to Hall of Famers. But as UK editor Georgina Stanley said five years ago, we were always going to need the …

Revolving Doors: Kirkland hires ESG partner while magic circle experiences both losses and gains

Leading the high-profile moves this week, Rebecca Perlman has joined Kirkland & Ellis’ ESG and impact practice group in London as a partner. Perlman leaves behind a 12-year tenure at Herbert Smith Freehills, where she was head of the firm’s UK, US, and EMEA operations and global head of sustainable and impact investment. Perlman brings …

‘Doubling down’: CC’s London PE head sets out strategy as buyout partners predict uptick

Spencer Baylin, Clifford Chance’s recently-appointed London private equity head, discussed his ambitions for the practice with LB as we garnered views from peers on how the market is faring. In December, CC lifer Baylin stepped up to the role soon after the high-profile loss of Christopher Sullivan to Paul Weiss’ M&A practice amid the US …