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International Edition

Partners believe fragmented legal industry is set for intense merger run

"Definition of law firm merger - poorly managed; driven largely by overpaid incumbent management with little real support from grass roots; justifed rarely on good logic but instead on catch words like 'scale', 'footprint' and 'globalisation'...
4 minute read

International Edition

Linklaters and Allen & Gledhill end Singapore joint venture as A&O talks progress

Linklaters and Allen & Gledhill are to officially end their alliance as the Singapore firm continues its tie-up talks with magic circle rival Allen & Overy (A&O). The firms have reached a decision to formally terminate the joint venture, which has been in place since 2000, over the last few days, with one Linklaters' partner suggesting the venture will be wound down before the end of the financial year in April.
3 minute read

International Edition

Freshfields confirms Singapore relaunch with lateral hires on the agenda

Freshfields Bruckhaus Deringer's partnership council has given the go-ahead to plans to reopen in Singapore. The magic circle law firm is now set to relaunch the office in the third quarter of this year, only five years after shutting its former arm in the region. Freshfields has not yet applied for a licence in Singapore, but has confirmed that it intends to practise UK and US law initially, rather than pursuing any kind of domestic law venture with a local firm, despite moves to open up the market to foreign advisers. The firm is currently in talks with a number of lateral hires to staff the office and is also expecting to relocate partners to Singapore from the rest of its network.
3 minute read

International Edition

Quinn Emanuel plans raft of office launches across Europe and Asia

US litigation specialist Quinn Emanuel Urquhart & Sullivan has set out ambitious plans to expand across Asia and Europe. The firm has earmarked Germany, Switzerland and Singapore for office launches within the next two years, with an office in Hong Kong planned for a later date. Germany, where Quinn Emanuel launched a two-partner office in Mannheim in 2010, is expected to gain two new bases, with an opening in Hamburg expected imminently and a launch in Munich expected before the end of the year.
2 minute read

International Edition

DLA's Mexico entrance flags up growing interest in burgeoning LatAm markets

Robust insurance and infrastructure sectors are drawing legal advisers to Mexico and Brazil. Rose Orlik reports
4 minute read

International Edition

Power divide - why the role of GC in the UK still doesn't carry the weight 
of its US counterpart

"In the US no Fortune 500 company CEO would dream of embarking on major negotiation without the GC there every step of the way: we're not quite there yet"
5 minute read

International Edition

Ropes and Paul Hastings to open in Korea as US firm applications begin

Ropes & Gray has become the latest firm to announce its intention to open in South Korea, with the firm set to file documentation with the Korean Ministry of Justice today (6 March) - the first day on which US firms are able to do so. The firm plans to open in Seoul as soon as its licence is approved, with New York-based Korea practice chair William Yongkyun Kim, as well as intellectual property (IP) litigator David Chun relocating there to lead the practice.
3 minute read

International Edition

Dewey London office affected as firm announces lawyer and staff job cuts

Dewey & LeBoeuf's London office is set to see around 10 departures at associate and support staff level as part of a wave of cost-cutting measures expected to result in around 5% of the firm's lawyers and 6% of staff leaving the firm globally.
3 minute read

International Edition

White & Case partner billings under scrutiny in performance crackdown

White & Case is to crack down on partner performance, with the firm planning to enforce average billable hours targets globally. Partners were alerted about the move at a meeting in Washington DC last month, at which they were notified of a drop in average billable hours across the firm and told that some partners would be asked to leave as a result.
2 minute read

International Edition

Top Indian firms aim to modernise as bluechip consultants enter market

India's top law firms are turning to bluechip management consultancies such as McKinsey & Company in an effort to modernise their business models, as interest in the much-coveted legal market continues to grow. Boston Consulting Group recently concluded a strategic review of India's largest law firm, Amarchand & Mangaldas & Suresh A Shroff & Co, which has seen it set out plans to double in size over the next five years to reach a lawyer headcount of around 1,000 and turnover of $203m (£129m).
3 minute read

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