Having tackled New York and London, Latham & Watkins has tasked a group of partners to review its Asia strategy ahead of a push in the region.
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BSB considers QASA’s timing after Supreme Court dismisses long-running appeal
The controversial Quality Assurance Scheme for Advocates (QASA) is set to go ahead after the Supreme Court dismissed an appeal against the scheme this morning (24 June) though the Bar Standards Board (BSB) has said it will need to consider the timing of its introduction given the delays caused by the legal challenge.
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Proskauer’s City hiring spree continues with DLA finance partner Griffith
Proskauer Rose’s rapidly expanding City office, which hired Baker & McKenzie’s private equity rainmaker Bruno Bertrand-Delfau last week, has bolstered its finance practice with DLA Piper’s leveraged finance and banking partner Alexander Griffith.
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Business as usual: Clydes posts 10% PEP rise as revenues close in on £400m
As has been the case since its merger with Barlow Lyde & Gilbert in 2011, Global 100 firm Clyde & Co has posted strong revenue and profit growth on the back of an expansive year. The firm has today (23 June) reported an 8% revenue increase for 2014/15 to £395m, while profit per equity partner has grown 10% from £599,000 last year to £660,000.
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White & Case’s City office wins first work from CVC as PE house leads on $2bn Alvogen acquisition
White & Case, Simpson Thacher & Bartlett and Slaughter and May have all won roles as CVC Capital Partners, Vatera Healthcare and Singaporean sovereign wealth fund Temasek teamed up to buy a controlling stake in pharmaceutical firm Alvogen.
A ‘one nation’ justice policy: Gove sets out agenda for justice system overhaul
Justice Secretary Michael Gove (pictured) has today (23 June) outlined his reform agenda for civil justice to tackle the ‘creaking, outdated’ current system by increasing the use of online tools, looking at whether formal hearings are always required and making cost savings through the court estate before further legal aid cuts.
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Double-digit growth sees Freeths pass £50m in revenues as firm targets £100m by 2020
LB100 firm Freeths has continued the trend of strong financial performances for law firms at the national level, posting double-digit revenue growth for the 2014/15 financial year and surpassing £50m in turnover.
Eversheds enters Northern Irish legal market with Belfast launch
Eversheds has become the latest firm to enter the Northern Irish legal market with the launch of an outpost in Belfast covering general commercial and public sector legal work.
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Slaughters’ leadership race starts as senior partner Chris Saul confirms plans to stand down and retire
Part of a wider changing of the guard, Slaughter and May is preparing to elect a new senior partner following partners being informed that incumbent Chris Saul (pictured) is to step down from the position and retire from the Magic Circle firm.
Stewarts Law posts 14% revenue growth while Watson Farley hits £125m in turnover as trend of solid LB100 performances continues
Stewarts Law has recorded double digit revenue growth of 14% to £53m for the 2014/15 financial year while Watson Farley & Williams announced it had consolidated the strong financial performance it achieved last year with a 7% increase in revenue from £117m to £125m.
Dealwatch: Ashurst and BLP gifted roles on Nutella-maker Ferrero’s takeover bid for Thorntons
LB100 firms Ashurst and Berwin Leighton Paisner (BLP) have both landed leading roles advising on the recent £112m takeover bid by Italy’s Ferrero International for British confectioner Thorntons, after the latter suffered falling profits and the resignation of its chief executive.
Guest post: ‘More mystery and misinformation’ – welcome to a world without the AmLaw 100
We’re now well into the Am Law 100 season. My former colleagues at The American Lawyer have published their biggest issue of their year, the annual scorecard of the 100 top-grossing US law firms. This much-anticipated report has managed to survive three decades of criticism and consternation and remains the financial benchmark in the US legal market.
Braham wins Freshfields senior partner election with Pugh and Eilers to serve as co-managing partners
After a three-way contest, the front-runners Edward Braham (pictured) and Christopher Pugh have won Freshfields Bruckhaus Deringer’s leadership election with Braham set to serve as senior partner while Pugh will sit alongside Cologne-based Stephan Eilers as joint-managing partner.
PEP soars at Pinsent Masons as turnover grows 12% to £362m
Pinsent Masons, saying it is seeing increasing benefits from its 2012 McGrigors merger and its growing international offering, is the latest law firm to reveal a strong performance for the 2014/15 financial year with profits per equity partner (PEP) growing by a third and double digit revenue growth.
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C-suite hires: Reed Smith brings in BLP’s leading KM director Dillon and new CIO
US firm Reed Smith has hired Berwin Leighton Paisner’s (BLP’s) chief knowledge director Lucy Dillon, a hire indicative of knowledge management increasingly becoming an integral part of a law firm’s arsenal.
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DWF overhauls business model with launch of consultancy, paralegal and flexible lawyer offerings
National firm DWF has launched a range of new client services as it seeks to overhaul its business model including a centralised legal support centre with paralegals, a consultancy and a contract lawyer service.
Proskauer continues City ramp-up with Bakers’ private equity rainmaker Bertrand-Delfau
Intent on building out the firm’s private equity practice in London, Proskauer Rose has hired one of Baker & McKenzie’s highest earners in the City, EMEA co-head of private equity Bruno Bertrand-Delfau.
Olswang’s entire Berlin office in talks with Freshfields and MoFo alongside other international firms
Following news yesterday (18 June) that 13 equity partners are exiting Olswang’s Berlin outpost, it has emerged that the entire 50-strong lawyer office is set to move en masse and is currently in talks with several international firms, including Morrison & Foerster and Freshfields Bruckhaus Deringer.
20% revenue growth at Stephenson Harwood sees turnover top £145m with PEP surging to £763,000
Stephenson Harwood has posted a 20% rise in revenues to £145m for the 2014/15 financial year, boosted by receipts from several multi-year matters the firm said that discounting those payments still saw it achieve an underlying growth rate of 16%.
GC Power List – the 2015 Summer Reception looms
In a shameless shout-out for my own shop, I’m making up this opportunity to highlight what is already one of our favourite projects. Next week we’ll be holding our GC Power List Summer Reception at The Club at The Ivy.
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