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August 26, 2013 | The American Lawyer

Davis Polk Steps Up for BATS on Direct Edge Tie-Up

Securities exchange operator BATS Global Markets is being advised by Davis Polk & Wardwell on its acquisition of Direct Edge Holdings LLC for an undisclosed sum. The deal, which finds Wilmer taking the lead for Direct Edge, is part of an effort to take on older exchange rivals such as Nasdaq and NYSE Euronext.
7 minute read
May 09, 2011 | Law.com

London Partners Overwhelmingly Say Law Practice Has Become More Stressful

Legal Week's latest Big Question survey has found that 90 percent of responding London partners believe their jobs are more stressful than they were 10 years ago, with 57 percent saying "far more stressful." Almost all respondents said work-related stress was impacting their personal lives.
4 minute read
March 13, 2007 | National Law Journal

Where Not to Open Overseas

U.S.-based law firms with visions of international offices got the inside scoop from foreign managing partners at the Law Firm Leaders Forum, held last week in San Francisco. What's the most "overlawyered" country -- and where should U.S. firms set their sights instead? These partners might have you rethinking your agenda.
3 minute read
March 15, 2010 | Law.com

Trainee Retention Rates Drop Below 80 Percent at Top U.K. Firms

Trainee retention rates across the U.K.'s top 30 law firms have been hit by the economic downturn, with most firms with March 2010 intakes retaining under 80 percent of newly qualified lawyers. The average retention rate has dropped nearly 10 percent from March of last year.
3 minute read
November 28, 2007 | Corporate Counsel

Eversheds Employment Team Cut From Virgin Panel

Eversheds has been dropped from Virgin's formal panel of U.K. legal advisers, Legal Week has learned, in what will be viewed as a setback for the firm's employment practice. The U.K. giant confirmed last week it will no longer be handling Virgin's employment work. It had been appointed to an eight-strong roster of firms early last year to advise the high-profile conglomerate. Arch-rival DLA Piper is understood to be in line to pick up the work.
2 minute read
March 13, 2007 | Law.com

Where Not to Open Overseas

U.S.-based law firms with visions of international offices got the inside scoop from foreign managing partners at the Law Firm Leaders Forum, held last week in San Francisco. What's the most "overlawyered" country -- and where should U.S. firms set their sights instead? These partners might have you rethinking your agenda.
3 minute read
November 17, 2009 | Law.com

Jones Day Demotes 5 London Partners

Jones Day has demoted a number of London partners over the last year, with five former partners now serving as of counsel at the firm. The demotions, first reported on legal blog RollOnFriday, equate to nearly 10 percent of the firm's London partnership, which currently lists 48 partners on its Web site. News of the role changes follows a number of lateral partner moves over the course of the year, with the London office losing one partner and gaining two in recent months.
2 minute read
June 02, 2011 | New York Law Journal

Survey Shows How UK Associates Rank Firms for Prestige, Perks

2 minute read
November 20, 2008 | New York Law Journal

New Deals

CIT Group, Inc. the nation's largest independent lender, has announced plans to exchange $2.5 billion in notes and all outstanding equity for $1.4 billion in government funds in connection with its application to become a bank holding company. Also, Lucite International Group Limited has agreed to be acquired by Japan's Mitsubishi Rayon Co., Ltd. in a $1.6 billion all-cash deal.
3 minute read
July 20, 2007 | Law.com

Profits at U.K.'s Top 50 Law Firms Hit Record Levels

The United Kingdom's top 50 law firms have seen a second year of double-digit revenue growth, with fees rising 14 percent annually to hit �10.5 billion. Legal Week's 2006-07 figures also show average profits per equity partner going up by 13.5 percent. What's more, the four largest firms generated �4.18 billion in fees among them, nearly 40 percent of the top 50's income. Clifford Chance managing partner David Childs said the results vindicated the big four firms' investment in their foreign offices.
6 minute read

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