Baker & McKenzie, Eversheds and Berwin Leighton Paisner are just a few firms synonymous with adopting the one-client-one-law-firm model, but just who benefits from these deals in the long run?
Robin Saphra’s life got a little easier at the start of the year. The Colt Group’s general counsel (GC), like many of his peers, was juggling a legal spend, that he had to stretch across more than a hundred European law firms.
Continue reading “Sole adviser – Having it all”
Michael Napier CBE QC steps down as chairman of Irwin Mitchell this month after 40 years at the firm.
It’s the end of one long chapter in a career packed with more events than an army of lawyers combined. LB celebrates the career of our 2012 Lawyer of the Year.
Continue reading “Michael Napier CBE QC – Man for all seasons”
After four years of consecutive revenue growth and two transformative mergers in 2011, Weightmans is our National/Regional Firm of the Year. However, there’s no chance of any of it going to the managing partner’s head.
Weightmans’ Patrick Gaul (pictured) is as laid back and straightforward as managing partners come. In an unmistakable scouse accent reminiscent of Ringo Starr, his answers are economical and precise. He doesn’t take himself too seriously and, in a trait quite rare among managing partners, is very low on hyperbole.
Continue reading “Weightmans – Feet on the ground”
The firms that appear in Global London are the 50 largest non-UK originated firms in London, ranked by headcount.
Total lawyer numbers include partners, associates, assistants and trainees but not paralegals. Partner and lawyer numbers were all requested as full-time equivalent averages for 2011 and all partner hires are up to and including February 2012.
Continue reading “Global London – Top 50”
LB ventures beyond the established elite to highlight five practices blazing a trail in the City.
The need to differentiate in the market is paramount. Some firms have always been good at it, while others have struggled and floundered.
There is a group of US firms in the City that has now established its strengths. Using the benefit of large US platforms, these firms have, over time, built impressive offerings in the City, be it in IP, energy, regulation or litigation.
Continue reading “Global London – No stone unturned”
With a flurry of US firms luring funds partners from UK rivals, LB finds out why lawyers in this area are hot property.
Periodically the City goes through a feeding frenzy of lateral hires. In the past, firms have gobbled up partners in structured finance, restructuring and litigation. The current plat du jour though, is funds.
Continue reading “Global London – Major Feast”
Immigration laws are forcing international law firms to advertise jobs alongside retail and fast food companies.
Despite this, the number of international lawyers in London is falling. Where have all the US-qualified lawyers gone?
Continue reading “Global London – Situations vacant”
It is no secret that legacy firm Denton Wilde Sapte (DWS) has had a rough ride. During the 2010/11 financial year, the firm’s UK LLP (including the Middle East and Europe) posted an 8% decrease in revenue to £154.4m, while profits per equity partner (PEP) fell to an unimpressive £233,000. This represented a 34% drop (the second in a five-year period) on the previous year and saw the bottom of the equity take home just £156,000.
The EMEA side to the business sits at number 89 in LB’s profitability table, having performed better than just six firms in the entire top 100. But with profit per lawyer (PPL) at an all time low of £29,000 and a margin of just 13%, this firm has almost been run into the ground.
Continue reading “SNR Denton – Strained Relations”
London firms have traditionally focused their US strategy on New York but a presence in Washington DC has become increasingly popular. Can the growing band of UK firms thrive in the US capital?
At times it can be fashionable to bash Washington DC. For most US senators or congressmen, berating the lobbyist-fuelled, back-scratching political climate in the US capital can do wonders for their re-election prospects. In his State of the Union speech in January, President Obama summed up the popular sentiment. ‘I bet most Americans are thinking the same thing right about now: nothing will get done in Washington this year, next year or maybe even the year after that because Washington is broken,’ he declared.
Continue reading “Capital connections”
While generally international law firms in London have remained static, there have been a handful of US firms that have continued to shine. LB tracks the most aggressive performers in London in the past 12 months.
There must be a lot of empty desks over at Hunton & Williams’ office in London’s Gherkin. Over the course of a few short weeks in April and May last year the US firm lost virtually its entire transactional team, after a partner exodus saw the 35-strong office dwindle to just 13 lawyers (although insiders say that the number is closer to eight) by the close of 2011.
Continue reading “Global London – London Broncos”