American law firms continue to spread all over the world, but some markets are more appealing than others. A look at the hot spots (and the not-so-hot spots).
American law firms continue to spread all over the world, but some markets are more appealing than others. A look at the hot spots (and the not-so-hot spots).
In what Cadwalader, Wickersham & Taft has called an attempt to refocus on its core clients, the Wall Street firm confirmed Thursday its withdrawal from bases in Beijing and Hong Kong. Fried Frank and Chadbourne & Parke have made similar moves within the past 15 months.
International firm leaders are adjusting expectations and taking a more nuanced approach to global expansion.
American law firms have established themselves all over the globe, but some markets are more vibrant than others, our data shows.
Top-grossing law firms saw slow and steady growth over the past year, with revenues and profits increasing. But challenges abound.
In a rare move, a Chinese law firm has opened an office in the Silicon Valley. The IP boutique hired from Samsung's legal department to start the new office.
Ashurst Singapore managing partner Shaun Lascelles has become the sixth partner departure to emerge since last night, as exits mount at the embattled U.K. firm.
The China 35, our annual financial survey of the highest-grossing Chinese law firms, finds more firms breaking the $200 million mark.
The global legal giant has opened two new offices in Melbourne and Sydney after taking on a 10-partner team from Herbert Smith Freehills in Asia.
Slater & Gordon, the world’s first publicly traded law firm, has announced that it expects losses of more than $760 million (A$1 billion) for its 2015-16 fiscal year.
King & Wood Mallesons has become the latest international firm in Australia to introduce a recruitment tool that is designed to improve diversity in hiring.
China’s Jun He has recruited two new partners in its Beijing and Shanghai offices.
"People will continue to litigate in London," says practice leader Deborah Finkler.
Despite uncertainty in key international markets, the firm saw an 8 percent revenue rise in 2015-16, as profits per equity partner surged 13 percent.
The firm has confirmed that its three-year alliance with Jakarta-based Ivan Almaida Baely & Firmansyah will soon end.
White & Case has closed its office in Almaty, leaving it with one base in Kazakhstan. The two lawyers in the Almaty office have relocated to the firm's base in Astana following the closure at the end of June.
King & Wood Mallesons has held off on paying out profit distributions to its partners once again, following a recent vote to recapitalize the firm, which has its operations predominantly in Asia and Europe.
The deal is expected to be completed in January 2017, with the merged Bangkok office operating under the new name Chandler MHM Ltd.
DLA Piper's former Turkish arm, Yuksel Karkın Kucuk (YKK), was raided by the police, and lawyers were taken into custody in the aftermath of the failed coup in Turkey, according to local press reports.
A recent TrustLaw survey found significant growth in pro bono effort from lawyers based in China.
Squire Patton Boggs has hired a disputes partner in Tokyo. Scott Warren will lead the firm's Asia cybersecurity, data privacy and digital data disclosures practice from the Japanese capital.
Resource Law is headed by Mohan Subbaraman, who formerly led Ince & Co's alliance firm in the city state.
As U.K. firm Watson Farley & Williams decides to end its joint law venture with a local law firm, lawyers and market observers weigh in to ponder if more will follow suit.
Foreign lawyers are barred from practicing Chinese law, and there is more discouraging international law firms from doing pro bono work or helping Chinese pro bono lawyers in the country.
By scoring roles on the record breaking $46 billion ChemChina-Syngenta acquisition, the two firms have displaced last year’s leaders Freshfields, Linklaters and Skadden.
All winners will be honored at the Global Legal Awards dinner on Sept. 26, 2016, at Gotham Hall in New York City, where we will also reveal the four grand prizes.
The Anglo-German firm has tied up with local boutique HM Chan & Co in the Chinese territory.
The Society of Indian Law Firms has voiced opposition to the government’s draft plans for opening up the Indian legal market to foreign firms, published last week.
Results were based on brand awareness interviews of 630 senior in-house lawyers conducted by London-based market research firm Acritas.
A deal between DLA Piper and Kabul's Kakar Advocates is said to be a first for the region.
France’s Gide Loyrette Nouel will close its office in Hong Kong and launch a "best friends" relationship with local firm Howse Williams Bowers.
Its growth strategy raises eyebrows, but no one denies the firm's bold and risky vision.
Dechert, Arnold & Porter and Paul Hastings lead the pack in non-U.S. pro bono.
As volatility continues across markets in Asia, law firm partners in the region are bracing themselves for the full impact of Brexit on their business.
Clifford Chance senior partner Malcom Sweeting and others weigh in as Brexit sends shock waves to global stock and foreign exchange markets.
A slowing Chinese economy has promoted international firms in Asia’s financial capital to reassess their capital markets practices: Some opt to cut fees while others turn to small ticket deals.
The U.K. firm's Asia leader discusses Berwin Leighton Paisner's recent expansion in Hong Kong and Myanmar, its new "one Asia approach," and possible moves in Singapore and mainland China.
Tips ranged from better transparency to stronger management as lawyers from several Chinese firms visited with law firm leaders in New York and D.C.
In the second installment of a two-part article, we look at partner compensation at Chinese law firms. In recent years, many firms have overhauled their compensation systems, trying to balance growth with integration.
The firm is looking to introduce a formal program of secondments for lawyers at its China arm, formerly known as Dacheng, as a means to win more work from Chinese clients.
In this first of a two-part story, we compare two most commonly used business models by Chinese law firms. The loosely organized commission-based structure allows fast growth, while the more tightly integrated corporation model promotes healthier revenue per lawyer. Which will prevail?
The firm has struck a partnership with Jakarta-based Dewi Negara Fachri & Partners, seven months after previous arrangement with Hermawan Juniarto ended.
Once approved by Chinese authorities, the 142-lawyer intellectual property boutique will become the first U.S. firm to launch in Southern Chinese city that is home to some of China's largest patent owners such as Huawei and ZTE.
Legal advisers' role referenced as Alibaba's $171 million acquisition of healthcare company is criticized for breaking takeover rules.
The Second Hundred, firms 101-200 on our list of the nation’s highest-grossing firms, underperformed their larger counterparts in 2015.
A week after announcing massive layoffs in the U.K., DLA Piper is considering inking a formal law alliance with a Singapore firm in order to practice local law in the city-state.
The global firm is relocating about 5 percent of support staff to a new business services center in Manila. The affected jobs will move from the United Kingdom, Canada, the United States, and other areas.
The Australian firm’s former Singapore managing partner Marc Rathbone has joined U.K. firm Nabarro in the city-state.
The Houston-based firm's new office opened on May 16 and plans to focus on complex commercial litigation, intellectual property, renewable energy and corporate matters there.
Capital markets specialist Miao & Co has replaced intellectual property boutique Choy, Cheung & Co as the local partner firm.
Mark Pistilli and Danny Simmons, previously cofounders of the Magic Circle firm’s Australian operations, have taken clients such as Sumitomo Corp. with them to their new corporate boutique.
These include eight Asia 100 firms from China, Singapore and Korea as well as other notable firms such as Hong Kong’s Deacons.
The Beijing-based firm opens in Los Angeles and San Francisco with three new equity partners from legacy Dacheng Law Offices.
Plenty of Am Law 200 and Global 100 firms' Asian offices appeared in an early version of a searchable online database drawn from the leaked files of offshore firm Mossack Fonseca.
Magic Circle firm Allen & Overy has bolstered its Australia practice with the hire of a three-lawyer securities team from the soon-to-be-shuttered Sydney office of Skadden, Arps, Slate, Meagher & Flom.
Baker Botts and Keystone Law pick up one KWM partner apiece, as filings show eight partners leaving the Anglo-Asian firm's European partnership as of April 30.
Slater & Gordon, an Australian plaintiffs shop that became the world's first publicly traded law firm in 2007, has reached a $630 million debt refinancing deal with lenders to avert a potential bankruptcy filing Down Under.
It has taken five years for Locke Lord's Hong Kong office to break even. Now what?
Firm brings in the Big Four auditor to review its business services function as new managing partner Gideon Moore sets out his aims.
The first phase of Indian liberalization is set to center on arbitration work, as India looks to become an international hub.
The city-state’s oldest law firm Rodyk & Davidson is now officially part of the global legal giant.
The American Lawyer's annual report on the 100 top-grossing law firms in the United States. Full financial results, in-depth analysis, firm profiles, and more.
On the menu this week in The American Lawyer's Continental Breakfast series: Yingke executive chair Linda Yang talks about the spectacular growth of the 4,000-lawyer Chinese giant.
The 450-lawyer Ashurst's Chinese alliance firm combines with 40-lawyer Zhongmao Law Firm that lists the Shanghai Disneyland as a client.
The U.K. firm has applied to the Malaysian Bar Council to establish a presence in the country with its associate firm Gan Partnership.
The city-state firm has relaunched its presence in the region with an association with United Arab Emirates boutique Ali Al Aidarous after closing two of its own offices.
Patterson & Sheridan of Houston opens its first international office because of clients in Asia.
The Panamanian law firm at the center of an unprecedented document leak has found China to be a rich source of business.
Partners and security experts reacted with alarm to news of the massive document leak from Panama offshore firm Mossack Fonseca.
The U.K. law firm is teaming up with Chinese firm Wintell & Co under the Shanghai free trade zone rules.
Moana Weir has left the firm with immediate effect after being appointed to the role on Jan. 29.
The legacy SJ Berwin arm of the firm has been dogged by delays in distributing partner profits in recent months
Will Latham & Watkins' high-profile new hires in Hong Kong allow it to pull away from the pack?
The U.K. firm has a "blank sheet" in Asia as it targets growth across multiple practices, says Asia corporate head Stephen Mok.
Three years after a transformative merger with the U.K. firm, King & Wood Mallesons will trim approximately 24 partners in its Europe, U.K. and Middle East partnership.
The R&D capability will form one part of the firm's new global innovation initiative, Ashurst Advance.
The U.S. firm launches in the Japanese capital on Tuesday with a three-lawyer mergers and acquisitions team relocating from New York.
A changing Chinese economy coupled with more longstanding corruption and political interference could cause clients to think twice about doing business in the country, and, as a result, make law firms rethink the already tenuous financial proposition of having an office in China.
Through a pair of former lawyers, the U.K. firm is taking advantage of a free trade agreement between Hong Kong and mainland China to gain Chinese law capability.
The New York-based firm is launching a new office in the Chinese city spearheaded by former Clyde & Co global aviation finance head Paul Jebely.
We're honoring the best lawyering the world over in cross-border deals, disputes, finance and citizenship.
With a spate of new recruits in Asia, is Latham leading the way for U.S. firms in the region?
Australia's Slater & Gordon, which went public in 2007, is planning to restructure its debt and U.K. operations after posting a net loss of almost a billion Australian dollars in the second half of 2015.
The U.K. firm is seeking to combine its eight-lawyer office in the city-state with local 56-lawyer firm Harry Elias Partnership.
In Asia Pacific, the firm saw a 14.8 percent decline in revenues and the largest head count reduction of 10.4 percent.
Ahead of The American Lawyer's final Am Law 100 and 200 rankings, the early reports on 2015 financial results for DLA Piper, Hogan Lovells, K&L Gates, Latham, White & Case and more international law firms.
The struggling personal injury firm—the first law firm ever to go public—writes down A$814.2M from its Quindell acquisition as it restructures.
On Tuesday night, The Asian Lawyer held its third annual Asia Legal Awards, celebrating the region's top law firms and individual practitioner. As promised, here's the list of winners and why they stood out.
The 200-lawyer Australian entity will combine with the 400-lawyer Lawyers on Demand in London.
The U.S. firm becomes latest to enter South Korea after wave of openings by international law firms.
The UK's Magic Circle firms are sticking to their traditional growth strategies in Asia, but they face increasing competition for talent, fees and profitability.
Allen & Overy is bringing its flexible lawyer business Peerpoint to Australia next month, as it looks to grow the service globally.
U.S.-based firms may be in for some turbulence, but many say there’s still good money to be made down under.
Are you an in-house lawyer considering a move back to private practice? You’ll be interested to hear about a trend in Australia.
The US firm ended its formal ties with Jakarta-based Melli Darsa & Co. last year, but plans to continue working with the firm on an informal basis.
Linklaters' Hong Kong private equity partner, Christopher Kelly, is joining White & Case—the latest in a string of partners to leave the firm for rivals in Asia.
The firm's international LLP is introducing a new points-based system, bringing in a larger bonus pool and creating a separate lockstep for new partners.
Even as the Chinese stock market bubble bursts, lawyers report that they're keeping busy with M&A, tech deals, and restructuring work. Don't count out Hong Kong IPOs, either.
The short answer: no. Data on Global 100 firms from our researchers and analysts at ALM Legal Intelligence shows that firms with fewer offices and fewer foreign offices tend to have higher profit margins and profits per partner than bigger, more global firms.
Someday we’ll all know exactly what is happening there.
Partner Kurt Rademacher relocates from London to lead a private client U.S. tax practice and envisions a 10-lawyer team in two years.
China's DeHeng Law Offices and Deheng Legal Group want you to know that they are two different firms. A prolonged legal battle over their extremely similar names has its roots in a split between the firms more than 20 years ago.
Our new China 25 survey reports gross revenue for the country's largest firms—and finds some surprises.
The new Trans-Pacific trade deal looks like a go. Law firms may want to gear up.
How to win clients in Asia—and keep them happy.
Foreign law firms have been in South Korea for three years, but they still can't practice local law. Will they ever be able to? The answer isn't clear.
Chinese law firms continued their remarkable growth spree to capture nearly all the top slots in our rankings. Apparently no one told them that the economy has been slowing down.
Is the new Uber for Chinese lawyers coming soon?
The Center for Public Integrity published a list of lobbying firms that advise countries with the worst human rights records, according to an index compiled by the Fund for Peace. Four Am Law 100 firms made the list for work they handled on behalf of Cameroon, China, Saudi Arabia and others.
Commercial, cultural and political concerns continue to bar foreign law firms from practicing Chinese law for the foreseeable future. But Shanghai’s Free Trade Zone joint venture program and other forms of alliances may show the way towards a gradual opening up of the market.
Eight-lawyer Insights Law adds local law capability in the city-state to the Southeast Asian law firm network.
The London-based firm has struck a non-exclusive cooperation agreement with 31-lawyer boutique Haldanes in the Chinese territory.
In the age of the mega-firm, it's more crucial than ever for partners to take an active role in overseeing the business they own.
Our annual Law Firm Leaders Survey finds managing partners hopeful, if uncertain, about their firms' prospects for next year.
Dentons has sent a clear message: Bigger is better. But the latest deals across Asia also raise questions about its aggressive growth strategy.
The firm has set up a formal law alliance with Singapore’s Prolegis and recruited debt capital markets lawyer William Ku from King & Wood Mallesons.
Macquarie Capital wants Morrison & Foerster to share the blame for the investment bank’s ill-fated entanglement with defunct Chinese company Puda Coal. But first it’ll have to convince a skeptical New York judge.
Both regional and international firms alike took home trophies for their work on the most innovative and creative deals and disputes in Southeast Asia and India. Here's the full list of winners.
Partners at Dentons, Australia’s Gadens and Singapore's Rodyk & Davidson have approved a combination, the second three-way deal by the growing global legal gaint in three years.
It's not just that lawyers expect a surge in work once the treaty's ratified. It's the shape the work will take that's also drawn so much attention.
The U.K. firm first tested the waters in Myanmar through an alliance with local outfit Legal Network Consultants, but now it’s diving in with an office of its own.
Ten months after Dentons reached an agreement to combine with Chinese legal juggernaut Dacheng, the firm announced Tuesday that the landmark deal is now final.
Will joining the world's largest law firm help revive Singapore's oldest law firm?
The Magic Circle firm’s work in forming an Indonesia coal group and advising on a sale of a stake in high-speed railway service Eurostar have come under scrutiny from a pair of British regulatory bodies.
The offshore firm has nabbed a partner from rival Ogier to open in Shanghai.
With its announcement of new planned megamergers in Australia and Singapore, Dentons sent a clear message: Bigger is better. But the latest deals also highlight the uncertainties of Dentons’ aggressive growth strategy.
Rajah & Tann's Kuala Lumpur-based associate firm has expanded its technology and intellectual property offerings.
Global juggernaut Dentons is planning a new cross-border amalgamation with 500-lawyer Australian firm Gadens and Singapore’s Rodyk & Davidson, a 200-lawyer firm. Meanwhile, Dinsmore & Shohl and Ike Sorkin's New York shop are doing deals of their own.
The Minneapolis-based firm expands into a second mainland Chinese office despite some U.S. peers leaving China entirely.
Two prominent law firms filed a federal class action in Los Angeles on Friday against Volkswagen A.G. on behalf of South Korean consumers, making it the first case of its kind against an automaker in the United States.
The U.K. firm has formed an association with former Orrick best friend LVN & Associates.
We've broadened the scope for our second annual awards recognizing the top matters and lawyers in Southeast Asia and India, bringing the total number of categories to 25 from 17.
Here’s how Herbert Smith Freehills, Ashurst and K&L Gates have coped with the falling currency since merging with Australian firms in recent years.
The firm has recruited former Allen & Overy corporate partner Linda Lee to launch in the city-state.