Legal Week

July 09, 2009 | International Edition

DLA Piper has conducted its second US redundancy round so far this year, cutting 21 associates and 100 staff, writes The Recorder.The attorney cuts amount to less than 2% of its US lawyer headcount of 1,380. The firm has already taken several steps this year to control costs, including cutting partner and associate salaries.

By Legal Week

2 minute read

July 09, 2009 | International Edition

Business confidence at City law firms has edged up, driven by hopes of a swift recovery in Asia, with more than a third of partners now expecting revenue growth over the next 12 months. The latest Legal Week business confidence survey found 42% of responding partners were expecting increases in fee income at their own firm over the next year, including 18% who were expecting fee income growth of more than 5%.

By Legal Week

4 minute read

July 09, 2009 | International Edition

Lend an offshore lawyer your ear for five minutes and they will give you a list of reasons why you should do your business through their jurisdiction. Give them 10 minutes and you have opened the floodgates for a tirade about how offshore communities are consistently targeted and attacked by their onshore counterparts, who are worried about loss of business and tax leakage.

By Legal Week

10 minute read

July 09, 2009 | Legal Week

Lend an offshore lawyer your ear for five minutes and they will give you a list of reasons why you should do your business through their jurisdiction. Give them 10 minutes and you have opened the floodgates for a tirade about how offshore communities are consistently targeted and attacked by their onshore counterparts, who are worried about loss of business and tax leakage.

By Legal Week

21 minute read

July 09, 2009 | International Edition

After four years of private client industry consultation and drafting, the Foundations (Jersey) Law will come into force on 17 July, 2009. Foundations will provide Jersey with an alternative financial planning vehicle to companies and trusts for the management, preservation, enhancement and distribution of wealth.

By Legal Week

7 minute read

July 09, 2009 | International Edition

If ever there was a market to test the commitment of international firms to their London office, this would be it. Plummeting workloads and high operating costs have meant more so than ever the City is proving an expensive toehold.

By Legal Week

9 minute read

July 09, 2009 | Legal Week

If ever there was a market to test the commitment of international firms to their London office, this would be it. Plummeting workloads and high operating costs have meant more so than ever the City is proving an expensive toehold.

By Legal Week

98 minute read

July 09, 2009 | International Edition

General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles including Clifford Chance, Allen & Overy (A&O), Ashurst and Norton Rose.

By Legal Week

2 minute read

July 09, 2009 | International Edition

Barclays has completed its panel review, with Addleshaw Goddard winning a coveted spot on the bank's main panel.

By Legal Week

2 minute read

July 09, 2009 | International Edition

Dundas & Wilson has significantly bolstered its London partner headcount with three lateral partner hires and one internal promotion.

By Legal Week

2 minute read