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July 20, 2007 |

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.
5 minute read
January 16, 2001 |

Spain

Since a fiscally conservative government took power in 1996, Spain has been transformed into one of Europe's hottest economies. The demand for legal work in Spain exploded after the new government set in motion a slew of telecom and utility privatizations. Spanish law firms weren't structured to handle the volume. Enter: the Big Five accounting firms. Now U.K. and some U.S. law firms are expanding into Spain.
4 minute read
October 01, 2009 |

National Rankings: Season of Uncertainty

23 minute read
April 26, 2001 |

The Court That Came in From the Cold

When Deutsche Telekom AG wooed Telecom Italia S.p.A. in 1999, France Telecom dropped out of its Italian joint venture with Deutsche T., and filed arbitration claims valued at up to 19 billion euros. Then Deutsche T. filed a massive counterclaim. To resolve the dispute, arbitrators from Denmark, Belgium, France, Italy, and Sweden applied the laws of Germany, France, Italy, Belgium, Switzerland, and the European Community. But the lead lawyers were American.
11 minute read
June 01, 1999 |

Rogers Deal Could Lead To More Mergers

The just-announced merger of two big law firms in the United States and Britain should lead to more trans-Atlantic link-ups--but not of the biggest firms--top lawyers on both sides of the Atlantic say.
5 minute read
September 22, 2009 |

Clifford Chance's Revenues Fall in the Americas

It's been a tumultuous fiscal year for Clifford Chance, and the extent of the firm's financial troubles is clearer now with the release of its second annual report. Clifford Chance saw gross revenues fall by 5 percent, lost its status as the world's largest law firm by revenues -- a distinction that now goes to Linklaters -- and saw profits drop by a massive 37 percent. The new report shows the firm's revenues in New York, Sao Paulo and Washington D.C. slipped from $344.3 million to $265.19 million.
3 minute read
May 16, 2006 |

Judge May Allow Proof of Earlier Suit Against Weil Gotshal

The judge overseeing the malpractice trial involving Weil, Gotshal & Manges and two of its partners is considering letting the jury hear about another suit against the firm filed by the pop singer Michael Bolton. Judge Richard Lowe previously ruled that he would exclude mention of other claims against the firm. But on Friday, the judge said he thought testimony Wednesday by one of the partners, Robert Sugarman, about his celebrity representations might "open the door" to questions about the Bolton suit.
6 minute read
March 01, 2010 |

Deals & Suits

Comcast/NBC; Exxon Mobil/XTO; Cobell v. Salazar; In re Lehman Brothers Holdings; Texas v. Merck; In re Marsh & McLennan
13 minute read
December 03, 2012 |

The Art of Law Firm Valuation: How Much Is Your Firm Really Worth?

After discussions with more than 50 private equity and other investment professionals, merger and strategic consultants, and senior law firm personnel, The American Lawyer developed a method for determining how much a law firm is really worth -- and then used it to calculate values for its Global 100 list of the world's highest-grossing firms. So, who's at the top?
18 minute read

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