US financial results 2013: Latham sees moderate growth in PEP and revenue

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Still basking in London in the news that it has hired leading Clifford Chance (CC) private equity partner Kem Ihenacho, Latham & Watkins yesterday (19 February) released moderate US growth figures for 2013, with revenue up by 2.7% to $2.29bn. Profit per partner has increased by almost 2% to $2,490,000, up from $2,443,000 the previous financial year. …

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Taking London – Latham on the offensive in the Square Mile with hire of third private equity partner from CC

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As our Taking Manhattan cover feature underlines, the Los Angeles-bred Latham & Watkins continues to make major inroads in the key global hubs of New York and increasingly London. Making the point again, the global giant has today (18 February), announced the recruitment of high-profile Clifford Chance (CC) partner Kem Ihenacho, the third private equity partner …

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M&A: Davis Polk and Latham advise on Smith & Nephew’s $1.7bn acquisition of Arthrocare

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In the third largest M&A deal in the UK this year after Liberty Global’s $10bn takeover of Ziggo and Amec’s $2.7bn acquisition of Foster Wheeler, Davis Polk & Wardwell is advising Smith & Nephew on its $1.7bn acquisition of Texas-based medical device company ArthroCare opposite Latham & Watkins. The Davis Polk team includes corporate partners George …

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Revolving doors – Weil, Latham, Freshfields and Dentons among the firms opening 2014 with senior recruits

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Increasing confidence in the transactional market has contributed to a rash of senior partner moves at the start of 2014, with the UK’s leading firms bolstering both their London and international practices. In the City, upwardly mobile US practices continued to boost their capability with Weil, Gotshal & Manges hiring Hogan Lovells banking and finance …

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Latham sets pace for 2014 as expansive City arm hires Weil private equity partner

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For many watchers of the upper reaches of City law, Latham & Watkins has in recent years established a profile as one of the most upwardly mobile players in London, a reputation the US-based giant has moved to underline early in 2014 with the recruitment of Weil, Gotshal & Manges funds partner Nick Benson. The …

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Some eye watering growth statistics later and its goodbye from Latham’s Bob Dell

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When the ordinarily press-shy chair and managing partner of Latham & Watkins, Robert Dell, gave Legal Business his first-ever in depth interview in 2005, the interview began by reminding the reader that ‘Latham & Watkins used to be little more than a Los Angeles-based tax firm with ideas above its station.’ At the time of …

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Deal watch: drugs are working as Covington and Latham lead on $2.6bn pharma acquisition

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The lucrative pharmaceutical sector continues to provide a corporate boon to Global 100 firms, with Covington & Burling and Latham & Watkins winning key roles on Salix Pharmaceutical’s $2.6bn acquisition of specialty pharmaceutical company Santarus, announced yesterday (7 November). With the firm’s longstanding reputation as a leading adviser on both corporate and regulatory matters to life …

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Rising star: Latham hires Clifford Chance private equity partner Tom Evans

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Latham & Watkins has secured another heavyweight hire in London with the announcement that Tom Evans, a newly made up partner in Clifford Chance’s (CC) private equity group, is joining the firm’s corporate department. Evans, who has been tipped as a rising star in the private equity field, follows David Walker, former global head of private …

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Trainee retention: Macfarlanes & Latham reveal numbers

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Macfarlanes has become the latest City firm to decide on its trainee retention rates, with 18 out of 24 trainees – equating to 75% – being offered a permanent position at the firm. The figure, which represents a dip on last year’s near full house of 92%, comes after three trainees were not offered a position, …

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Latham, Sidley and Skadden lead the US pack in Legal 500 research

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Often hailed as one of the greatest US success stories of the last 25 years, new research underlines the elevated position Latham & Watkins has attained in the world’s largest legal market. The Legal 500 United States 2013 edition shows Latham as the highest ranked law firm judged by the total number of recommendations, putting …

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