Gibson, Dunn & Crutcher and Winston & Strawn have both added to their footprints in Texas this week, simultaneously announcing new offices in Houston and Dallas respectively.
Dechert‘s financials for 2016 show revenue has risen 3% to $911.5m, while profit per equity partner (PEP) increased by 2% to $2.6m, mostly off the back of solid growth in London of 19% in billed and received work. Continue reading “US financials: London growth sees modest rise in Dechert’s global revenue and PEP”
Just one month after Arnold & Porter‘s takeover of Kaye Scholer went live, legacy Kaye Scholer’s London head has quit the firm alongside another partner and a team of associates.
Continue reading “Kaye Scholer takeover fallout: Former London head to exit with team to K&L Gates”
A conclusion to the sorry saga which has been the European partnership woes of King & Wood Mallesons (KWM) is expected to come to an end this week, while staff have been told they will continue to be paid throughout the process of finding a merger partner. Continue reading “KWM latest: More US firms in play as crunch time approaches for legacy SJ Berwin”
Partners at King & Wood Mallesons (KWM) have been told at a partnership meeting today (9 December) of a shortlist of potential suitors as the European partnership enters deeper discussions for a rescue deal. Continue reading “‘Detailed discussions’: KWM enters formal talks with shortlist of merger suitors”
Legal Business teamed up with Scottish Development International for a progress report on US law firms in the City. Has recent political and economic turbulence thwarted their advance at all?
While our 2016 Global London report – published before the Brexit vote on 23 June – identified the continuing rise of premium US advisers in the City, it also sounded a note of caution that 2016 – with Brexit and US presidential elections looming – could be a much bumpier ride for global legal services, conditions that not even the lean and slickly managed US outfits in the UK could avoid. With this in mind, we assembled a group of senior practitioners at some of the City’s most thrusting US firms for a progress report.
Continue reading “Global London debate: The eagle has landed”
Allen & Overy (A&O) and DLA Piper have won roles among US heavyweights as Qualcomm acquires Dutch firm NXP Semiconductors for $39bn. Continue reading “Allen & Overy and DLA Piper chip in as US elite act on $47bn Qualcomm deal”
Texas headquartered law firm Haynes and Boone is to open its first European office, announcing a merger with London boutique Curtis Davis Garrard (CDG).
In a move likely to trigger similar increases amongst its rivals, Cravath, Swaine & Moore has lifted associate pay for the first time in almost ten years, bumping up base pay to $180,000.
More than 18 months since combining in the City, the 21-partner team that left now defunct US law firm Bingham McCutchen for Akin Gump Strauss Hauer & Feld has moved in with its colleagues as the firm puts all its London lawyers under one roof.
