Goodwin Procter plots private equity practice launch amid London expansion
US firm looks to bolster City base four years after London relaunch that included hires of Ashurst partners
April 13, 2015 at 07:54 AM
2 minute read
US firm Goodwin Procter is planning to launch a private equity practice in London.
However, the firm would not be drawn on the number of partners it wanted in the practice or a timeframe for when it would launch.
A spokesperson for Goodwin Procter said: "As for where we are headed, it is not driven by fixed numbers, but by what is needed to fully service clients in our chosen sectors. As we broaden our sector coverage in and from London, our numbers will necessarily increase."
The spokesperson added that the firm had no immediate plans to add any continental European offices to its network, but it was "important to remain opportunistic".
She said expansion in any other practice areas in London would entail building up the office's capacity in the same sectors that the firm's US office works in such as corporate law.
Goodwin Procter hired Linklaters real estate sector co-head Joe Conder soon after its City relaunch in 2011, which also saw Ashurst's European real estate funds chief David Evans and fellow real estate funds partner Samantha Lake Coghlan join the firm.
Goodwin Procter posted a 4.3% increase in revenue in 2014 to $786m (£514m), up from $753m (£491m).
Profit per partner grew by 7.3% to $1.7m (£1.1m), up from $1.6m (£1m), while revenue per lawyer rose 6.2% to $1.04m, up from $979,000 (£639,000).
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Charles Russell Speechlys Opens in Milan to Focus on Ultra-High Net Worth Clients
Stars and Gripes: Merging Firms Need a ‘Superstar Culture’ to Crack the U.S.
6 minute readTrending Stories
- 1New Research Study Predicts Continued Growth for Generative AI in Legal
- 2Litera Acquires Document Automation Startup Offices & Dragons
- 3Patent Trolls Come Under Increasing Fire in Federal Courts
- 4Transforming Dispute Processes in Law: The Impact of Large Language Models
- 5Daniel Habib to Serve as Next Attorney-in-Charge of NY Federal Defender Appeals Unit
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
