HSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice

Revenue Per Lawyer Hits New Peak at Reed Smith, as Profits Stagnate Amid Mounting Costs

Justin Henry | March 28, 2024

"We saw financial growth from top 200 clients, including significant increases in international engagements, which indicates that our global platform is working for our international clients," said global managing partner Casey Ryan.

5 minute read

EU's Use of Controversial M&A Review Power Should Remain 'Exceptional,' Departing French Regulator Says

Rick Mitchell | March 28, 2024

The French competition authority's M&A chief, who is leaving to launch a competition economics service at a financial consultancy, also says France's revenue thresholds for merger scrutiny should change to reflect new realities.

7 minute read

Linklaters Partner Promotions Fall Steeply on Last Year

Kasvi Sehgal | March 27, 2024

The promotions span 14 countries across Asia, Europe and U.S., with the majority of lawyers based in the firm's UK offering.

2 minute read

Redefining Humanity's Relationship with the Animal Kingdom through Legal Reform

Kimberly Moore, Pillsbury Winthrop Shaw Pittman | March 27, 2024

More than 40 countries have recognized animal sentience by law, and an increasing number of countries have enacted first ever anti-cruelty laws or are updating existing laws to better protect animals.

4 minute read

CMS Joins the Harvey Brigade—Announces 'Phased' Rollout Across Member Firms

Jack Womack | March 27, 2024

Other firms to have entered into partnerships with Harvey, which is backed by the OpenAI Startup Fund, include Allen & Overy, Macfarlanes, and UAE-based Al Tamimi & Co.

2 minute read

Winston & Strawn Sets Firm Revenue and Profits Records

Andrew Maloney | March 26, 2024

The firm wants to increase its focus on markets outside of the U.S. moving forward, with London and Paris being priorities, said chair-elect Steve D'Amore, who will take the reins from lontime chair Tom Fitzgerad this summer.

4 minute read

Why Law Firms Must Be More Entrepreneurial

Maurice MacSweeney, director of legal finance at Harbour | March 26, 2024

Harbour's Maurice MacSweeney says firms that prioritise innovation in pricing, new tech, and external finance, will end 2024 in good health.

5 minute read

Beyond Borders: Navigating Global Business Compliance With the FCPA

Cole Callihan | March 25, 2024

Companies with any international operations should ensure they have a robust written policy and compliance program focused on anti-bribery and corruption. This is especially true where companies have foreign subsidiaries or engage third parties in foreign countries for sales, consulting and other activities.

8 minute read

European Commission Investigates Apple, Meta, Alphabet Under New Digital Markets Act

Alex D'Elia | March 25, 2024

The Commission has opened its first investigations under the new Digital Markets Act as big tech faces regulatory scrutiny across the globe.

5 minute read

The Law Firms and Lawyers That Benefit Most From Private Equity Designation

Kasvi Sehgal | March 25, 2024

An in-depth investigation featuring interviews with a wide range of market leaders has shown the law firms and lawyers that frequently get designated mandates on private equity transactions in the UK.

5 minute read

White & Case Expands White-Collar Practice in Germany With Partner Hire From Noerr

Cian Muenster | March 25, 2024

The arrival is the second partner hire in Germany for the firm so far this year.

2 minute read

From DMA to AI Act: Understanding the EU's Tech Legislation Landscape

Linda A. Thompson | March 24, 2024

Law.com International spoke to Brussels-based competition, trade, privacy and ESG lawyers to map the regulatory risks that should be on tech companies' radar.

6 minute read

How to Grow Fast Like Kirkland

Paul Hodkinson | March 24, 2024

Class actions are set for significant growth across the globe and law firms that corner the market could reap big rewards, writes the Global Lawyer.

6 minute read

Led by Record Results in Germany, Noerr Posts 5.7% Higher Revenue for 2023

Cian Muenster | March 22, 2024

The German firm's leadership predicted continued growth thanks for economic transformation in its home market.

2 minute read

Fried Frank Crosses $1B in Revenue as PEP Soars 21% and Equity Tier Declines

Patrick Smith | March 22, 2024

"There was no plan for mass de-equitization," said chair Kenneth Rosh. "We do manage it [the partnership], and there were some laterals who left and some retirements."

6 minute read

At Morrison & Foerster, Reduced Overhead and Steady Demand Led to 19% Profitability Gain

Dan Roe | March 21, 2024

In international markets, the firm advised the board of Toshiba in its $15 billion take-private, the largest deal of its kind in the history of Japan. It also saw strong performance from its offices in Berlin and London, the firm said.

6 minute read

At Goodwin, Growth Investments Scuttle Profits While Revenue Ticked Up

Patrick Smith | March 21, 2024

The firm, which saw London revenue increase 25.9% in 2023, will be moving into a new, larger location in the city. Elsewhere, Goodin has expanded its practices in Europe and Asia, the firm said.

5 minute read

Man Utd FC, Addleshaws and Dentons Lead Nominations for the 2024 Legal Innovation & Technology Awards

Kasvi Sehgal | March 21, 2024

With entries across a total of 28 categories, the 10th Legal Innovation Awards will celebrate the legal community in all of Europe for the first time.

2 minute read

Ashurst Expands Again in Munich With IP Partner from Bird & Bird

Rick Mitchell | March 21, 2024

Morgan Lewis, Skadden, and Ogletree Deakins also made recent hires in Germany.

3 minute read

Three Firms Lead AstraZeneca's $1.05 Billion Deal for French Biotech Company

Rick Mitchell | March 20, 2024

Freshfields is advising AstraZeneca, while Jones Day and Cooley are counseling Amolyt Pharma, based near Lyon, France.

2 minute read

Slaughter and May Promotes Five To Partner

Kasvi Sehgal | March 20, 2024

As of May 1 the firm will have 106 partners globally, 96 of which are based in London.

2 minute read

Pogust Goodhead Takes Fight for Restitution Over Brazilian Mining Disaster to the Netherlands

Amy Guthrie | March 19, 2024

The plaintiffs firm is teaming up with Dutch litigation firm Lemstra Van der Korst in an effort to secure £3 billion from Brazilian mining giant Vale and the Dutch subsidiary of its Samarco JV with Australia's BHP.

3 minute read

Slideshow

In Pictures: The Asia Legal Awards, 2024

Law.com International | March 19, 2024

See shots of the Singapore event celebrating success across the industry in Asia.

1 minute read

Freshfields and Linklaters Bag Roles as CVC Preps for Amsterdam IPO

Kasvi Sehgal | March 19, 2024

The trophy mandate is significant for the firms as CVC is one of the largest private capital institutions in Europe.

2 minute read

Bonuses With Strings Attached Play Role in Partner Retention for Firms Such as Shearman

Justin Henry | March 19, 2024

The likes of Kirkland and DLA Piper have used forgivable loans to bat away offers from rivals while Shearman has used them to keep partners around ahead of its merger with Allen & Overy.

5 minute read

Kinstellar Breaks into Southeast Asia with Vietnamese JV

Jessica Seah | March 19, 2024

Founded in 2015, Asia Counsel counts 21 lawyers in its sole Ho Chi Minh City office.

3 minute read

Class-Action Reform in France Awaits Parliament's Pleasure—and Waits, and Waits...

Rick Mitchell | March 18, 2024

Because of disagreement between the two chambers, the French legislature is already a year late in passing a national law under the 2020 EU Representative Actions Directive. Until it does, group actions and litigation funding are stalled, lawyers say.

8 minute read

Gibson Dunn Breaks $3B Revenue Mark With Litigation, Transactions Firing on All Cylinders

Dan Roe | March 18, 2024

Gross revenue was up 12.3% while profits per equity partner rose 13.4% during the firm's 28th consecutive year of revenue growth. In 2023, the firm expanded globally, launching in the Middle East in both Abu Dhabi and Riyadh. It also added a nine-lawyer energy and infrastructure team in Paris.

6 minute read

Shearman Europe Head to Exit Firm Ahead of Merger

Jack Womack | March 18, 2024

Before becoming the firm's EMEA head in 2020, Ward McKimm was Shearman's co-global head of leveraged finance for nearly two years.

2 minute read

Rugby Brain Injury Lawsuit Spotlights Role of Litigation Funding

Jack Womack | March 18, 2024

The importance of litigation funding in UK class actions has been in the spotlight over recent months—particularly since the renewed attention on the Post Office Horizon scandal.

4 minute read

Kirkland Crosses $7B Mark, With Steady And Countercyclical Business Drivers

Andrew Maloney | March 18, 2024

The firm continued to improve its profit margin, as average PEP rose nearly 6% to $7.955 million, according to American Lawyer reporting.

5 minute read

8 Firms Line Up on €8 Billion European Telecoms Merger

Alex D'Elia | March 17, 2024

The purchase of Vodafone Italia by Swisscom is the latest in a series of recent M&A megadeals in European telecommunications.

3 minute read

DLA Piper Posts 8th Consecutive Year of Revenue Growth Thanks to 'Horizontal Scale'

Dan Roe | March 15, 2024

Diversified practice areas and geographies continue to prove fruitful for the global law firm.

5 minute read

Litigation Funder Burford Capital Sees Fiscal 2023 Revenue Triple, Reaching $1.1B

Justin Henry | March 15, 2024

Burford Capital's revenues rose to $1.1 billion in the 2023 fiscal year. The company's shares on the New York Stock Exchange climbed 4.4% on the results.

4 minute read

Willkie Continues Growth Run, Seeing 8.7% Rise in Revenue and 29% Expansion in Nonequity Tier

Patrick Smith | March 14, 2024

Revenue from the firm's London office generated $130 million -- an increase of 30% year-over-year, co-chairs Matthew Feldman and Tom Cerabino said, adding that Willkie Farr derives about 20% of its revenue from Europe and the U.K.

5 minute read

Video

VIDEO: Is the Practice of Private Equity Designation a Problem?

Law.com International | March 14, 2024

With certain firms aggressively using the designation model, certain individual lawyers within the operations have enormous influence while designating private equity mandates.

1 minute read

A&O Shearman's New Leaders Show Combined Firm is 'Neither UK Nor US Centric'

Jack Womack | March 14, 2024

Current and former partners give their views on the surprising election results that mean neither of the combined firm's two leaders will be based in either of its two biggest regions.

5 minute read

O'Melveny Re-Elects Chair, Prepares for 'Tremendous' 2024 After Revenue Dip

Dan Roe | March 14, 2024

Gross revenue slid by 3.6% last year, but the firm started March 2024 with 20% more inventory than the previous March.

6 minute read

How an Australian Broadcaster's General Counsel Promotes Team Well-Being

Christopher Niesche | March 13, 2024

SBS's Theo Dorizac makes well-being a work goal for his team, noting that a healthy and happy team is also more engaged.

5 minute read

A Bright Future For Litigation Boutiques?

Sinead O'Callaghan, Cooke Young | Keidan | March 13, 2024

They can avoid conflict problems and are benefitting from the advancement of AI, but larger firms have an advantage in pay wars and dealing with administration and compliance burdens.

4 minute read

'Outrunning the Bear,' Cooley Posts Revenue High Amid Head Count Decline

Patrick Smith | March 13, 2024

"We did more than our share of capital markets work in the crappiest market we have seen in a long time," said Cooley chair Joe Conroy.

5 minute read

European Parliament Passes Landmark AI Act, World's First Comprehensive Law Regulating Artificial Intelligence

Alex D'Elia | March 13, 2024

The first-ever legal framework on artificial intelligence, the AI Act, could set the tone for AI regulation around the world.

3 minute read

BCLP Sees Flat Year for Revenue, Profits

Dan Roe | March 13, 2024

While the firm's U.S. offices continued to be responsible for the lion's share of revenue, offices in the U.K., Continental Europe, Asia, the Middle East and Australia also contributed to its total revenue of $840 million, said firm global CEO Steve Baumer.

3 minute read

'It's a Bit of Bad Luck for the First Litigants': Claimant Firms, Funders and Defense Lawyers on the Growing Pains of the Netherlands' New Collective Action Regime

Linda A. Thompson | March 12, 2024

Only three of the dozens of cases backed by litigation funders have made it past the first legal hurdle to a trial since the overhaul of the country's collective action regime.

7 minute read

White & Case Reverses Revenue and Profit Slides, Increasing 2023 Revenue and Profits

Patrick Smith | March 12, 2024

The firm said it saw 43% of its revenue derived from the Europe, Middle East and Africa regions, 8% from the Asia-Pacific and the balance (49%) from its work in the Americas. Its U.K. office generated $444 million in revenue -- a 1.6% decline from 2022.

7 minute read

With International Aspirations, Italy's BonelliErede Looks to Grow in London and the US

Charlotte Johnstone | March 11, 2024

Team hires, a new London office and an office in the U.S. could all be on the horizon, the firm's new leaders say.

4 minute read

Supermarket Giants Launch £675M Competition Claim Against Fish Farmers

Kasvi Sehgal | March 11, 2024

The claimants include household names Asda, Iceland, Marks & Spencer, Ocado, Morrisons, Aldi and Co-Op.

2 minute read

Commentary

Mental Health: Who Has The Power to Change the System?

Paul Hodkinson | March 10, 2024

Can partners, leaders, junior lawyers or clients have the most effect in challenging Big Law's mental health crisis? The Global Lawyer assesses each group.

7 minute read

Webcast

Join the Discussion: How Should Big Law Respond to the Industry's Mental Health Crisis?

ALM Staff | March 08, 2024

Join us March 14 to take part in this critical discussion and hear from our panelists. And be sure to participate in the 2024 ALM Survey On Mental Health In The Legal Industry, which is now live.

1 minute read

Ranking

Rising Stars: The UK Legal Industry's Best Up-And-Coming Women, 2024

Charlotte Johnstone | March 07, 2024

More than 120 entries have been whittled down to the top 25 women aged under 40 tipped to spearhead the next generation of leading partners.

33 minute read

Nokia, Sidley and Garden Court Chambers Among Big Winners At WIPL UK Awards 2024

Kasvi Sehgal | March 07, 2024

The Women, Influence & Power in Law Awards 2024, which included pre-award panel sessions for attendees, took place in London's etc.venues this week.

3 minute read

McDermott Takes Ashurst Duo in Germany, Milbank Hires From Kirkland

Cian Muenster | March 06, 2024

Ashurst has also lost another partner, to Baker McKenzie, in Germany.

3 minute read

KFC and PE House Hg Name New Legal Chiefs

Kasvi Sehgal | March 06, 2024

The fast-food giant finds its new legal head for U.K. and Ireland while Hg hires from Paul Hastings.

2 minute read

Gide Adds Three Partners to Paris M&A Team in Hire from French Rival

Rick Mitchell | March 06, 2024

The hire of deal partners with experience at Allen & Overy and Clifford Chance, shows Gide can attract top talent, says firm's senior partner.

2 minute read

King & Spalding Sees PEP Spike 12% Amid 'Solid and Even Demand' Growth

Thomas Spigolon | March 05, 2024

The firm's revenue in London increased more than 33%, and it also rose in Abu Dhabi and Dubai in the United Arab Emirates, and in Riyadh, Saudi Arabia, said firm chairman Robert Hays.

5 minute read

CMS Poland Takes 5-Lawyer Team from Deloitte Legal

Rick Mitchell | March 05, 2024

Team leader Ryszard Manteuffel previously worked at Dentons and Baker McKenzie.

2 minute read

Cravath M&A Partner Moves to White & Case, Attracted to Firm's Cross-Border Practice

Patrick Smith | March 04, 2024

When asked why an established M&A attorney would leave Cravath, he said all deals now have have some kind of cross-border element to them so White & Case was a better fit.

4 minute read

Apple Hit With €1.8 Billion EU Antitrust Fine, Says It Will Appeal

Linda A. Thompson | March 04, 2024

EU regulators ruled that the Silicon Valley company had breached the bloc's tough antitrust laws by imposing "unfair trading conditions" on music streaming providers in its App Store over a 10-year period.

3 minute read

Commentary

Vanessa Ford Reminded Us That Law Firm Culture Is Still Toxic. Why Does It Survive?

Lisa Shuchman | March 03, 2024

Law firms have been trying to improve their culture for a long time. So why, the Global Lawyer asks, are we still shocked when we are jolted into realizing not much has changed?

10 minute read

Belgium Becomes 1st EU Country to Criminalize Ecocide

Linda A. Thompson | March 01, 2024

Companies that cause severe and irreparable harm to the environment could face fines of up to €1.6 million. Belgium also classified ecocide as an international crime, on par with war crimes, crimes of aggression, crimes against humanity and genocide.

2 minute read

A&O Shearman Announces Global Leadership

Jack Womack | March 01, 2024

The merger between Allen & Overy and Shearman & Sterling is set to go live in May.

4 minute read

Willkie Grows New Munich Office With Private Equity Partner From Latham

Rick Mitchell | March 01, 2024

Willkie said the hire continues its expansion in Germany, where it has tripled in size in four years to about 85 attorneys.

3 minute read

Greenberg Traurig Sees 6% Growth in Revenue Amid Nonequity Tier Expansion

Alexander Lugo | February 29, 2024

The moderate growth came after two years of faster pace in revenue growth, but CEO Brian Duffy says it's only a slowdown because 2021 and 2022 were such extraordinary years for the firm. The firm also expanded in the Middle East and in Singapore last year.

5 minute read

Ireland Ordered to Pay €2.5M to European Commission Over Online Safety Rules Delay

Alex D'Elia | February 29, 2024

The EU's highest court has ordered Ireland to pay a lump sum and a daily penalty to the European Commission for not transposing a 2018 EU directive into national law.

3 minute read

NFL Tackles New Markets with Baker McKenzie

Alex D'Elia | February 29, 2024

The National Football League is continuing its global push with first-ever regular season games in Spain and South America, quarterbacked by lawyers in the Baker McKenzie network.

3 minute read

HSF, Corrs Advise on $3B Building Materials Takeover

Christopher Niesche | February 28, 2024

France's Saint-Gobain pushes into Australian market.

2 minute read

Ukraine 2 Years On: Daily Air Raids, an Upswing in Legal Work and the Restitution Effort

Charlotte Johnstone | February 26, 2024

One of Ukraine's leading lawyers speaks about the realities of daily life as a lawyer in Kyiv.

4 minute read

Big Law Adds Tax, Litigation Attorneys in Europe as Brexit, Economy and Reforms Fuel Demand

Rick Mitchell | February 26, 2024

Ashurst, Dentons, DLA Piper, Squire Patton Boggs and Paul Hastings have been adding investment fund tax partners, who can pivot their focus during market downturns to wherever demand is strongest.

4 minute read

Asia Marks First Specialized Mediation Framework for Aviation in Singapore

Jessica Seah | February 26, 2024

The move plays to Singapore's ambition of being the favoured dispute resolution hub in Asia.

2 minute read

Q&A

Spanish Law Firm Pérez-Llorca on Why a Swedish Gen AI Assistant Was the Right Fit

Isha Marathe | February 23, 2024

Perez-Llorca became the first Spanish law firm to adopt Leya, a Swedish generative AI assistant, earlier this month. For the firm, the tool struck the right balance between being able to operate in Spanish-language and being compliant with the GDPR.

6 minute read

DLA Piper Elects Managing Partner—Incumbent to Step Down After 10 Years

Jack Womack | February 23, 2024

The elected managing partner for the firm's non-US business won't take up the role until January 2025.

2 minute read

'One Firm' or Separate Entities? Vereins' Growth Bumps Into Conflicts, Liability Concerns

Justin Henry | Kasvi Sehgal | February 23, 2024

A ruling from an appellate court in the U.S. has put Baker McKenzie's structure under scrutiny, two years after Dentons was saddled with a $32 million malpractice verdict that also implicated the firm's verein status.

8 minute read

McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth

Patrick Smith | February 22, 2024

The firm said there was some underperformance in Europe compared with the firm's US output, but London revenue rose 31% in 2023.

5 minute read

Bar Associations and Human Rights Arms Speak Out on Navalny's Death

Alex D'Elia | February 22, 2024

"This is a pattern we have seen too many times with the imprisonment, and murders of Russian opposition figures," the director of the International Bar Association's Human Rights Institute said, as governments began imposing sanctions on Russia in response to Navalny's death.

5 minute read

Quinn Emanuel's Revenue Up Nearly 28%, as PEP Rises More Than 38%

Justin Henry | February 21, 2024

Roughly 8% of the firm's $2.07 billion in revenue came in the form of contingency fees, according to Michael Carlinsky, one of three co-managing partners at the firm.

4 minute read

Freshfields Hires Hogan Lovells' Global Energy Transition Head

Rick Mitchell | February 21, 2024

Energy transition is a growing sector for law firms, as large corporates seek new ways of reducing carbon emissions, particularly in the EU where the legal framework is developing rapidly.

2 minute read

Garrigues Hits €454M Revenue as Firm Charts 10 Years of Growth

Alex D'Elia | February 21, 2024

However, the firm's growth trajectory has slowed, with leaders citing 'global geopolitical crisis and political and institutional instability'.

3 minute read

Latham & Watkins Elevates 19 Counsel to Partner

Krishnan Nair | February 21, 2024

The firm's bases in Washington DC, New York, Riyadh and Hamburg saw the most promotions, but the overall round was smaller than last year.

3 minute read

Q&A

Quinn Emanuel's John Quinn: 'Climate Change-Related Litigation Is Going to Be a Real Growth Area'

Linda A. Thompson | February 20, 2024

John Quinn, co-founder of one of the world's leading litigation firms, talks about global litigation opportunities, the rise of class actions in Europe and podcasting about the law.

7 minute read