The Lawyer is to launch a groundbreaking reporting project on the activities of the most powerful law firms in the world. The Lawyer Global Elite (TLGE) is a new, unashamedly high-end, analysis of the world’s most important legal markets, London and New York. Over the coming months, The Lawyer will articulate and define this market […]
Linklaters is recruiting a finance team from A&O Shearman’s New York office, including the latter’s global co-head of financial markets. The team is comprised of A&O Shearman partners David Lucking, John Hwang, Derek Poon, and Dan Guyder. They were all longstanding lawyers from the legacy A&O side of the newly-merged firm. Lucking was one of […]
Clifford Chance has hired two partners in New York to bolster its private equity bench. David Schultz and Matthew Hinker have joined the magic circle firm from O’Melveny. Schultz has spent more than 17 years at O’Melveny as a partner advising private equity clients on M&A, restructuring and other corporate transactions, in sectors such as […]
A&O Shearman is to establish a three-tier partnership compensation model. The firm adopted an all-equity partnership model after legacy A&O and legacy Shearman & Sterling merged in May this year. The three tiers, reportedly called “entry,” “core” and “super,” replace the legacy firms’ mixed equity and non-equity structures. The firm says it has around 800 […]
Cleary Gottlieb Steen & Hamilton is introducing a non-equity tier for its partnership. The US firm has, up until now, operated a full equity partnership model. However, its peers have gradually been introducing non-equity rungs, which enables firms to promote talent at an earlier stage. Crucially, Cravath Swaine & Moore added a non-equity tier nearly […]
Womble Bond Dickinson is preparing to expand significantly in the US, with a merger confirmed with Phoenix firm Lewis Roca. The geography-driven deal, which aims to plug several strategic gaps in the larger firm’s office network, is set to go live at the start of next year. The merged firm will be known as Womble […]
At the end of May, Herbert Smith Freehills’s executive partner for EMEA, UK and US flew to New York with a proposition. Alison Brown was preparing to present an opportunity to a firm that had come top of an HSF-commissioned external audit of the US market. It was a firm that had virtually no platform […]
April is the busiest month as the end of the financial year looms. As firms rush to get bills out and paid, The Lawyer takes a deep dive into key financial hygiene and behavioural issues. According to legend, time recording has been a thing in law firms for over 100 years. It is thought to date back […]
Kirkland and Latham top the US 50 law firms in London table in 2021.
Last month, Cooley unveiled its first revenue dip since it opened in the City in 2015. Behind that lies a major tussle over firm strategy – and in particular, its relationship with one of the most powerful companies in the world.
“Now we have a presence in LA, it expands our opportunities,” says Allen & Overy’s US senior partner Tim House in reflection of the firm’s bold hire of Akin Gump’s West Coast project finance team last week. The magic circle firm has established itself in LA through the hire of six partners and 13 lawyers […]
For a UK-headquartered firm, launching in Northern California is high-risk and high-impact. Unimaginably, a firm from the magic circle – that supposedly fragile, fading band – has opened its doors with seven senior lawyers, having lured not only prominent capital markets partner Sarah Solum from Davis Polk, but at the same time Boris Feldman, a […]
The Federal Court of Canada has dismissed a long-running patent infringement case against Google Canada Corporation, Google LLC and Alphabet Inc.
How to increase your chance of success in corporate intelligence cases, avoid compromising future claims in settlements and tackling the Trump tarnish come top in our litigation briefings