Continental Europe provided rich pickings to the global legal elite this week, as Blackstone and Hellman & Friedman agreed to one of the largest ever takeovers of a German listed company by a private equity group. It was a busy week for the UK market too, as Eversheds Sutherland joined Allen & Overy (A&O) on the €590m …
Goodwin Procter’s City arm grew at more than three times the pace of the firm globally in 2018, hitting $66.8m in the year in which the firm launched a European life sciences practice. The eye-catching 58% growth in London from $42.3m came as Goodwin’s global turnover rose 16% to $1.2bn, profit per equity partner was …
Continue reading “Goodwin London revenue surges 60% as European hiring spree pays off”
Junior lawyers have penned a letter to the Solicitors Regulation Authority (SRA) demanding clarification on the protection available to junior lawyers who are subject to ‘toxic’ work environments. The letter, published yesterday (13 February) by the Law Society’s Junior Lawyers Division (JLD), cited concerns around rulings from the High Court and Solicitors Disciplinary Tribunal that …
Cooley’s London branch has recorded another year of double-digit revenue growth as its top line grew 16% to $66.7m, four years after its launch. For the second year in a row, the City office outpaced the Palo Alto-bred firm’s global revenue growth, as the latter rose 14% from $1.07bn to $1.23bn. Global profit per equity …
The success of Simpson Thacher & Bartlett where others have failed in luring Clifford Chance (CC)’s Amy Mahon to the other side has dealt a blow to CC’s corporate practice and other US firms vying to hire her. Mahon – who in Legal Business last year told of her long-standing grievance with popstar Adele after …
Four sets boast the highest number of successful QC applications White & Case arbitration partners Dipen Sabharwal and Aloke Ray made up half of the solicitor-advocates taking silk in this year’s Queen’s Counsel (QC) appointments, with 108 making the cut overall.
Thomas Alan finds mixed omens in the wake of BCLP’s high-stakes union. A solid start cannot obscure that 2019 will be a crucial period for the Anglo-American challenger When indications of a merger between legacy firms Berwin Leighton Paisner (BLP) and Bryan Cave first emerged in late 2017, there were mixed reactions about the potential union. …
Thomas Alan asks if Deloitte can find a new angle on legal services The often cited but seldom-seen legal arrival of the Big Four has long passed into a professional joke, though renewed investment from the major accountancy groups in the last three years has given the debate fresh urgency. But, truly, something must have …
Regular readers will have to forgive two columns in one issue on capitalising law firms but the day I write this piece DWF has finally set out its stall for that much-touted public float. As can be gleaned from last autumn’s cover feature on law firm IPOs, there is a considerable scepticism regarding the rhetoric …
Continue reading “It’ll take more than a float to make DWF the new DLA”
Pinsent Masons has kicked off 2019 in expansionist mode, opening a new office in Frankfurt, right after finishing 2018 with three partner hires for its Irish base. Three years after opening in Düsseldorf, Pinsents announced at the beginning of January it had hired six partners from a range of independent and international firms to spearhead …
