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London's Allen & Overy Expands in New York
While Clifford Chance's American efforts have grabbed far more headlines, London's Allen & Overy has quietly proceeded with a substantial U.S. expansion of its own. Its New York office now counts 102 lawyers, and the firm plans to launch a U.S. litigation practice. This kind of aggressive growth has effectively closed the door on the possibility of a merger with a top-flight New York firm.Gouldens' Newly Qualifieds to Get More than $70,000 Per Year
London's Gouldens will be the highest paying U.K. law firm when it increases its newly qualified solicitors pay to $71,260 (#50,000) a year. This latest rise will step up the pressure on top city firms to give greater financial rewards.Clifford Chance Head to Relocate To New York, Build U.S. Practices
Clifford Chance Head to Relocate to New York
In a move to affirm his law firm's commitment to the U.S. market, Clifford Chance global managing partner Peter Cornell will relocate to New York -- making him the first head of a Magic Circle firm to be resident in the United States. The firm's managing partner for the Americas stressed that the move was not a reaction to recent departures from the firm. Dozens of partners in New York and Washington have left over issues such as the firm's insistence on lockstep compensation.Chart: Top announced U.S. target M&A deals of 2008
Piper Rudnick, DLA to Form World's Third-Largest Firm
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