Dollars galore, Kirkland exits and a rare hire for Slaughter and May: the best of Legal Week last week
The best news, interviews and analysis from Legal Week during the past seven days
February 20, 2017 at 06:05 AM
3 minute read
Results from the top law firms in the US are coming in thick and fast, and a clear picture is emerging (with the odd exception, such as Cadwalader) – 2016 was a strong year for those in the world's largest legal market.
Last week, Cooley, Davis Polk, Milbank and White & Case were among a host of US firms posting positive growth in 2016, though the latter saw its London office outpaced by the firm globally as Brexit and slower deal markets made their impact felt.
All of the results are being compiled by our US sister title The American Lawyer, which will publish its definitive ranking of the largest firms across the Atlantic by revenue in the coming months (here's last year's list).
Aiding some US firms' performance will have been their roles on a number of high profile mandates, with research showing US firms won half of the lead advisory roles on Europe's largest deals in 2016.
But it wasn't good news for all US firms last week. In a seven-day period dominated by team exits and high profile individual moves, Kirkland & Ellis saw a seven-partner team quit for stateside rival Sidley Austin in Germany.
Other highlights from Legal Week last week
- Eversheds Sutherland follows transatlantic tie-up with Singapore merger deal
- Five-partner Ashurst private equity team set for Freshfields move
- 'The goal is not to be punitive' – HP's legal chief on how firms are responding to diversity demands
- HP to withhold fees from law firms that do not meet diversity requirements
- DLA aims to get more out of partners with new focus on performance and integration
- White & Case global management committee member jumps to Jenner & Block in London
- Weil Gotshal to close Dubai base as Middle East cutbacks continue
- CMS to put Asia expansion and culture change at heart of post-merger strategy
- HSF Australia partners heading to White & Case instruct lawyers for departure dispute
- CMS to leverage Nabarro Sheffield base and Olswang tech focus for post-merger manufacturing push
- Slaughter and May makes first ever London lateral hire with move for HSF pensions chief
- Dealmaker: Slaughters' Richard Swallow on Rolls-Royce, wheeling Boardman through an airport and advising Britney Spears
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