Alex Novarese

June 20, 2008 | Law.com

The grim trends of plunging morale and droves of junior lawyers quitting the profession have been substantially reversed, according to Legal Week research that shows job satisfaction among U.K. associates is sharply rising. The survey found that three years of heavy investment, a stream of quality-of-life initiatives and a little help from the credit crunch have collectively made junior lawyers distinctly happier with their lot.

By Alex Novarese and Jeremy Hodges

3 minute read

July 20, 2007 | Law.com

The United Kingdom's top 50 law firms have seen a second year of double-digit revenue growth, with fees rising 14 percent annually to hit �10.5 billion. Legal Week's 2006-07 figures also show average profits per equity partner going up by 13.5 percent. What's more, the four largest firms generated �4.18 billion in fees among them, nearly 40 percent of the top 50's income. Clifford Chance managing partner David Childs said the results vindicated the big four firms' investment in their foreign offices.

By Alex Novarese

6 minute read

July 16, 2010 | Law.com

The U.K.'s top law firms have managed a major rebound in profitability this year despite the aftermath of the global recession handing the group its first collective fall in revenues in recent memory. Across the top 50 firms, revenues fell from 12.33 billion pounds in 2009 to 11.87 billion pounds. However, the impact of an unprecedented round of pay freezes, job cuts and partnership restructurings allowed the firms to achieve an average rise in profits per equity partner of 8.8 percent.

By Alex Novarese

4 minute read

June 25, 2010 | The Legal Intelligencer

DLA Piper, Clifford Chance (CC) and Eversheds are among the firms staging a revival in a flagship Legal Week project that grades law firms on the satisfaction of their lawyers.

By Alex Novarese and Sofia Lind

4 minute read

July 21, 2011 | New York Law Journal

By Alex Novarese

5 minute read

June 25, 2010 | Law.com

DLA Piper, Clifford Chance and Eversheds are among the large law firms staging a revival in a survey that grades law firms on the satisfaction of their lawyers. The upcoming 2010 Employee Satisfaction Report is based on responses from more than 3,800 U.K. lawyers below partner level.

By Alex Novarese and Sofia Lind

4 minute read

July 18, 2008 | Law.com

The U.K.'s top law firms have pressed through the initial onslaught of the credit crunch and defied gloomy expectations to achieve double-digit revenue growth for the third year running. Legal Week's 2007-08 results, the first finalized picture of the performance of the U.K. top 50, demonstrate how the group tapped busy foreign markets to help offset the pronounced global slowdown. Total revenue across the group rose by 14.3 percent from 10.5 billion pounds to just over 12 billion pounds.

By Alex Novarese

6 minute read

November 16, 2009 | Law.com

Ropes & Gray's newly launched London practice has secured a trophy mandate after being instructed to advise cable group Liberty Global on its 3.5 billion euro ($5.2 billion) takeover of Germany's Unitymedia. The U.S. law firm was instructed two weeks ago to handle the high-yield debt backing the acquisition, one of the largest media deals since the credit crunch crippled the leveraged finance market in 2007.

By Alex Novarese

3 minute read

May 09, 2008 | The Recorder

Editor Alex Novarese, of the U.K.'s Legal Week, talks about the splash Quinn Emanuel may have on the London legal establishment.

By Alex Novarese

6 minute read

July 31, 2009 | Law.com

The U.K.'s top law firms have suffered a dramatic fall in profitability and a shrinking market in what has been confirmed as the worst economic conditions for the profession since the early 1990s. Legal Week's 2008-09 results, the first comprehensive picture of the performance of the U.K.'s top 50 law firms, shows that profits per equity partner across the group on average fell by 17.3 percent.

By Alex Novarese

5 minute read