Alex Novarese

March 08, 2011 | Law.com

A study released last month that tracked the retention rate of partners hired in the U.K. over the last five years found that 44 percent of those partners were no longer with the firm that hired them by 2010. However, some firms have found great success with aggressive lateral hiring.

By Alex Novarese

4 minute read

November 20, 2009 | Law.com

As partners at Lovells and Hogan & Hartson met this week to discuss their planned trans-Atlantic merger in depth, more details emerged concerning the structure of the deal, which would see the two firms integrate governance and remuneration but maintain separate profit pools. The merged Hogan Lovells would bring the two firms' compensation structures into closer alignment, with Lovells implementing a structure similar to Hogan's merit-based model for partner pay.

By Alex Novarese and Sofia Lind

3 minute read

July 20, 2007 | National Law Journal

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