Linklaters has become the latest, and the last, of the Magic Circle firms in the US to match Cravath, Swaine & Moore’s $180,000 pay for first year associates in New York.
Accessing America: Bond Dickinson makes unique US play with Womble Carlyle tie-up
While much has been made of US merger plays by Eversheds and Addleshaw Goddard, fellow mid-market firm Bond Dickinson has secured an exclusive strategic alliance with full-service US firm Womble Carlyle Sandridge & Rice.
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‘Evolution, not revolution’: New A&O management team sets sights on US, Europe and China growth
Continued and steady growth is the key focus for Allen & Overy‘s new management team, with senior partner Wim Dejonghe and managing partner Andrew Ballheimer setting their sights on growth in the US, China and Europe.
‘A very natural decision’: Clyde & Co acquires litigation firm for Miami launch
As part of its continued global expansion, Clyde & Co has confirmed the opening of its new Miami office with the acquisition of five partner strong litigation firm Thornton Davis Fein (TDF).
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American dream: Addleshaws eyes US play with Hunton & Williams merger talks
After failing to secure further consolidation in the UK recently, Addleshaw Goddard has turned to the US for a potential merger partner to achieve its aim of becoming a £250m-lawyer firm, and is believed to be in talks with Virginia-based Hunton & Williams.
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Allen & Overy bolsters US securities offering with former Skadden partner hire in Australia
Allen & Overy (A&O) has added a three-strong US securities team to its Australian operations. The team joins the firm after leaving Skadden, Arps, Slate, Meagher & Flom, which confirmed it was closing its Sydney office in February, reducing its presence to just one partner in the country.
London overlooked: Dentons creates one new City partner amid US-heavy promotion round
In a move that goes against its accelerated global expansion this past year, Dentons has promoted just 47 associates to partner in its 2016 round – with a hefty 79% located in the US and Canada – but just two in the UK.
‘An environment conducive to M&A’: global elite anticipate busy year after record 2015
Skadden heads US M&A tables while Freshfields leads in Europe
Deal lawyers are unsurprisingly predicting another busy year in M&A as Skadden, Arps, Slate, Meagher & Flom and Freshfields Bruckhaus Deringer emerged as the top corporate deal shops in the US and Europe respectively in 2015, according to Dealogic.
Growth mode: Kennedys bolts-on US law capability with local hires and forms fifth LatAm alliance
Kennedys has made two local partner hires in Miami in a move which will allow the firm to practice US law for the first time. US-qualified Neil Bayer and Dan Sanders will join Kennedys’ Miami office and will oversee the firm’s US advisory capability. The hires come as the firm aims to give ‘rise to new local growth opportunities and strengthen its London market capability’.
US banking results: Goldman Sachs quadruples annual legal spend as others cutback
The major US banks released fourth quarter 2015 results this week, with Goldman Sachs blaming poor profits on legal costs, as other lenders benefited from declining legal spends.
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