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International Edition

K&L Gates and Australia's Middletons approve January merger

K&L Gates is to merge with Australian firm Middletons from January next year, creating a 2,000 lawyer law firm with 46 offices worldwide. Confirmation of the tie-up earlier today (4 December) comes after 533 equity partners across both firms voted unanimously this week to combine their resources through a full financial and operational merger from 1 January, 2013.
4 minute read

International Edition

Freshfields boosts fees from key relationships with new client partner push

Freshfields Bruckhaus Deringer has seen fee income from its top 30 UK clients increase by 16% over the last year, on the back of a client relationship management (CRM) programme introduced by London managing partner Mark Rawlinson in October 2011. The CRM programme, one of a number of initiatives introduced by Rawlinson since he took up the post in July last year, has seen the firm increase the number of partners assigned to each key client to two or three. Freshfields previously assigned one prime partner to each client relationship.
2 minute read

International Edition

Companies' acceptance of new normal is a step in the direction of recovery

After five years of economic crisis, have companies across the globe finally come to terms with a new unsettled economic landscape? Recent research from Hogan Lovells estimates that the top 500 global non-financial companies have roughly £2.5trn ($4trn) of cash sitting on their balance sheets. But in another survey by the firm – of 160 board level executives at global listed companies across UK, Europe, Asia and the US – almost nine in 10 companies identified economic uncertainty as a key barrier to investment.
3 minute read

International Edition

Clydes senior partner Payton to step down after 29 years at helm

Clyde & Co's longstanding senior partner Michael Payton is set to step down after nearly 30 years at the helm, with the firm opening the election process to find his successor. Clydes officially kicked off the election process today (30 November) with partners given until early in the New Year to put themselves forward.
2 minute read

International Edition

In depth: New York

New York's legal market is currently the world's biggest. But is it in danger of falling behind the times and not adapting to a rapidly changing world?
1 minute read

International Edition

Eversheds to set out top team with managing partner reappointment

Eversheds managing partner Lee Ranson is set to be reappointed in his role, with the decision coming as Eversheds International chairman David Gray prepares to retire from the firm in April. Ranson's forthcoming reappointment comes after chief executive Bryan Hughes was re-elected for a second four-year term that will run from May 2013.
2 minute read

International Edition

Pushing the limits – how elite US firms are adapting to the changing landscape

Looking at the direction of the legal market for elite firms, it is instructive to consider how the world has changed for them since 2008. In the years since the Great Recession, we've observed that these firms have experienced a more challenging time, both in terms of revenue generation and expense management. In our discussions with top law firm leadership, as well as our formal research, we see that these firms are no longer immune to the challenges facing the broader industry. They now face stagnant demand for their services, fierce competition, pricing pressure, rising costs and the resulting pressure on margins. A higher expense base doesn't help. And the current volatility in the markets hasn't favoured their heavily transaction-centric practices.
5 minute read

International Edition

Linklaters follows magic circle rivals into DC with Washington relaunch

Linklaters has expanded its presence in the US, with the formal opening of a Washington DC office. The magic circle firm, which already has a 150-lawyer office in New York, said the Washington office will be led by New York co-managing partners Jeff Norton and Conrado Tenaglia, who will oversee both US offices.
3 minute read

International Edition

Kingsley Napley names family law chief as new senior partner

Kingsley Napley family law head Jane Keir is taking over as the firm's senior partner after incumbent Christopher Murray announced his retirement. As well as standing down as senior partner, Murray has also decided to withdraw from the firm's partnership. Both moves are effective as of 1 May next year.
2 minute read

International Edition

Slaughters elects disputes chief Clark to helm of firm as White retires

Slaughter and May has elected head of dispute resolution Richard Clark as its new executive partner, succeeding current post-holder Graham White. Clark will take up a four-year term from 1 May 2013, taking responsibility for the firm's overall management strategy, covering issues relating to people, compliance, finance and systems.
2 minute read

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