In the inexorable march toward greater global consolidation, will law firms steer clear of the verein structure?
In the inexorable march toward greater global consolidation, will law firms steer clear of the verein structure?
Deutsche Bank's decision not to pay newly qualified lawyers in London is the first apparent instance of a U.K. client adopting the trend long seen in the United States.
DWF will take over the office on April 3 and launch with eight lawyers initially, including three partners.
Jones Day, a firm with close ties to the current U.S. president, saw its offices in Germany raided Wednesday by local prosecutors investigating its client, Volkswagen AG, as part of a probe into an emissions software scandal at the auto giant.
Antony Dapiran will leave the firm in June after seven years while more corporate lawyers are set to exit.
The global legal giant, having just absorbed firms in Costa Rica and the Netherlands, is slashing 60 jobs in the U.S. and up to five lawyer jobs in the U.K. in order to streamline its operations.
The Chicago-based Am Law 100 firm will shutter its outpost in Rome later this year, a decision that will likely result in the loss of 38 jobs, including 17 lawyers, eight of whom are partners.
Legal tech companies that have opened offices in Singapore say the market is ripe for innovation, but local firms will not change overnight.
Former King & Wood Mallesons partner David Tiang formed the auditor's associated firm with former O'Melveny & Myers Hong Kong partner Gigi Woo.
DLA Piper has continued its European expansion by combining with its Portuguese alliance firm ABBC. DLA Piper first struck its association with the Portuguese firm in 2010, with the business working closely with DLA Piper’s Madrid office.
The companies will receive legal advice, access to model legal documentation and tailored coaching in areas such as pitching and presentations.
Attention, partners and Big Law leaders at newly formed mega-firms. Not to interrupt your post-merger glow, but a new report by ALM Intelligence finds that most major law firm combinations since 2000 have not resulted in significant growth.
Orrick lost almost its entire Hong Kong capital markets and corporate practice, which it built up over 11 years, to Morgan Lewis. What will the San Francisco-based firm do now?
DLA Piper has delayed pay reviews for its lawyers by two months, until July, to allow management more time to assess moves made by competitor firms.
Labor and employment giants Ogletree and Littler are pursuing different growth strategies, but both involve heavy bets on Europe.
Dentons has secured its first base in the Netherlands, via a merger with 70-lawyer Dutch firm Boekel that is expected to go live in April.
The program arose out of ‘an acknowledgement that there wasn’t sufficient attention paid to legal technology within the legal curriculum in the whole of the U.K.’
Former Clifford Chance dealmaker Patrick Sarch is new co-head of London corporate: "Our ambition is to do more big ticket cross-border U.K. M&A work and to be recognized as such."
Davis Polk & Wardwell and Korean firm Bae, Kim & Lee are among the top winners of the fourth annual celebration for the regions leading firms and individuals.
The U.S. employment law specialist is adding a fourth office in Asia Pacific following Shanghai, Sydney and Melbourne, as former DLA Piper Asia employment law head Julia Gorham moves over.
Few foreign firms have previously ventured into Dublin's cozy legal market. With Brexit, that is likely to change.
Clifford Chance has broken its core lockstep in London and New York to use the ‘super-point’ tier reserved to reward star performers. Meanwhile, the firm considers placing some international offices on a lower lockstep rung to boost profitability.
A sneak peek at 2016 financial results for some of the biggest firms in the United States.
Norton Rose Fulbright confirmed Tuesday that it will merge with Chadbourne & Parke, creating a combined law firm with revenues of just under $2 billion. Chadbourne, which operated as an independent firm for 115 years but had struggled recently with defections, will leave its name behind.
Senior partner Penelope Warne said that Asia is likely the combined firm's immediate focus for investment, given the political uncertainty under the Donald Trump presidency.
Weil, Gotshal & Manges has become the latest large firm to rethink its presence in the Middle East, with the New York-based firm deciding to close its Dubai office.
Ten months after a hacking scandal hit one of Panama's top law firms, prosecutors in the Central American country have arrested Mossack Fonseca name partners Ramon Fonseca Mora and Jurgen Mossack in connection with a massive bribery scandal at a Brazilian conglomerate.
It has been a bad week for the international legal market in Qatar, with both Clifford Chance (CC) and Herbert Smith Freehills (HSF) confirming they will shut up shop in Doha this year.
Eight Australian partners at Herbert Smith Freehills have been named as defendants in a case over their en masse defection to the U.S. firm.
King & Wood Mallesons’ (KWM) Europe and Middle East (EUME) partners rejected at least four attempts by management to increase capital at the firm between 2011 and 2015, it has emerged.
It's time once again to examine whether the legal market will consolidate across the Atlantic.
Equity capital markets lawyer Chik Pui Hong moves over as the U.K. firm rebuilds its Hong Kong listing practice following major departures last year.
Former Steptoe & Johnson LLP partner Andrew Lee is based in Washington, D.C.
The firm’s limited liability partnership (LLP) accounts for the year ending April 30, 2016 show that the amount paid out to the top management team increased by 8 percent, from 16.8 million pounds in 2014-15 to 18.1 million pounds.
DLA Piper, DWF and Herbert Smith Freehills have won places on Uber’s EMEA legal panel after a review of the taxi company’s external advisers.
Clifford Chance is pulling out of Qatar roughly six years after opening in the country.
Half of lateral partner hires are failures. To be precise, 47 percent of laterals don’t stay more than 5 full years.
Hogan Lovells partners are to pay in additional capital to the firm later this year, as part of a long-running initiative to boost the global firm's capital reserves.
Reed Smith has confirmed the hire of 17 partners from King & Wood Mallesons in London, Germany and Paris, who bring with them sizeable teams of lawyers, trainees and support staff.
This former Am Law 100 COO says law firms should pause before adopting a new trend reported by Am Law Daily last week of law firms hedging currency to battle fluctuations in exchange rates.
At least nine partners are poised to join Morgan, Lewis & Bockius from Orrick, Herrington & Sutcliffe. Once the mass move is complete, up to 40 lawyers and staff could head to the Philadelphia-based Am Law 100 firm, which has been busy in recent months bolstering its operations in Asia.
In a busy week for law firm combinations, Norton Rose Fulbright has acquired four-lawyer commercial law boutique Keller Snyman Schelhase in Cape Town, a move that comes six years after the global legal giant acquired one of South Africa’s largest firms.
As the British pound falls, so does the reluctance of many firms to gamble on future exchange rates.
King & Wood Mallesons (KWM) has confirmed the names of 17 partners who have agreed to stay on with the firm in the wake of the administration of its European, UK and Middle East (EUME) business. Seven partners will stay on to maintain a London presence for the firm, as will as a three-partner team in Frankfurt.
King & Wood Mallesons has not lost its foothold in Europe—yet. As the legacy SJ Berwin business heads towards administration, the firm has carved out a deal to retain 30-40 lawyers across Europe. But will the new business regain client trust?
Olswang’s management team saw its combined pay fall by more than a third in 2015-16, as its merger partner CMS Cameron McKenna saw profit available for division among members plunge 18 percent in the same period, according to the firms’ latest filings with Companies House.
Davis Polk, Hogan Lovells, Freshfields and Linklaters are among the contestants for the awards that will be announced on February 22 at the Four Seasons Hotel in Hong Kong.
Kuala Lumpur will be the firm's center of Islamic finance practice.
Slaughter and May is advising Alibaba Group Holding Ltd. on a $2.6 billion offer to privatize Chinese department store operator Intime Retail Group Co. Ltd.
Sullivan & Cromwell has relocated Jamieson Logie, the former head of projects for Europe, the Middle East and Africa, from London to Hong Kong to head up the practice for Asia.
Goodwin Procter will take on a 26-lawyer team from King & Wood Mallesons (KWM) in London, with the group hire granted as part of a deal that also saw KWM drop litigation against the Boston-based Am Law 100 firm and corporate partner Richard Lever.
Dentons, which has made a big push into the Latin American and Caribbean markets in the past year, has expanded its web of verein-style partnerships to Monterrey, Mexico, by combining with local firm Canales Zambrano y Asociados and forming an affiliate on the island of Barbados after taking on three lawyers from Canada's BCF.
Reed Smith, Mishcon de Reya and Simmons & Simmons are all set to boost their London offices with partner hires from King & Wood Mallesons’ stricken European business.
A U.K. law firm with private equity backing spent almost a million pounds attempting to buy a rival insurance practice in 2015, accounts have revealed.
Freshfields Bruckhaus Deringer has offered voluntary redundancy to all of its London secretarial staff, in a move that affects roughly 180 individuals.
As large U.S. firms jockey to stake out a global presence, Smith Gambrell & Russell is expanding its reach with new international offices in the United Kingdom and Germany.
Chinese firm Haiwen & Partners is planning to open a Hong Kong office—a move that comes nearly a year after the firm launched in the neighboring city of Shenzhen.
Li Xiaoming is the latest Chinese lawyer to move from an international firm to a domestic firm.
King & Wood Mallesons has hired two corporate partners from top rival JunHe in Beijing.
International law firms and multinational companies face an uncertain 2017.
A five-partner team departs for rival Rajah & Tann while Baker McKenzie Singapore cofounding partner Edmund Leow joins the firm as tax head.
Former Asia managing partner Rocky Lee has joined King & Wood Mallesons while former Hong Kong partner Stephen Chan arrives at Dechert.
U.S. Attorney Preet Bharara warns law firms: "You are and will be targets of cyber hacking, because you have information valuable to would-be criminals."
King & Wood Mallesons China is in discussions to acquire a team of more than 10 London dispute resolution lawyers, as it bids to retain a small outpost in Europe, the Middle East and Africa, staffed with lawyers from the rapidly disintegrating legacy SJ Berwin business.
With all single-firm acquisitions of the business off the table, it is every person for himself or herself, prompting a scramble of partner exits.
Ashurst partners have voted in favour of overhauling the firm’s profit distribution system in a move that means partners will only receive a single profit payment each year, instead of the current quarterly system.
The global law firm’s innovation arm is helping to launch a variety of new tech solutions in an effort to help mitigate legal pain points.
The firm is expected to file for pre-pack administration in January, with numerous partners and teams being acquired by rival firms ahead of this move.
External investment is fueling rapid growth for at least some of the British law firms that have converted to an alternative business structure, or ABS.
King & Wood Mallesons' China arm is in talks to take on large teams of lawyers from the firm’s Dubai, Germany, Italy and Spain offices as well as City corporate and litigation teams, with the news coming as former partners have been emailed about potential liabilities they may face relating to the firm’s pending January tax bill.
The collapse of King & Woods Mallesons Europe shows that the central problem afflicting most troubled law firms remains the same.
KWM partners William Naunton, Cornelius Medvei, Edward Page, Jeremy Brooks, George Burrha and Bryan Pickup are all set to join DLA along with managing associate Omer Maroof, who is to join the firm as a partner.
Existing panel members Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters have all been reappointed alongside Norton Rose Fulbright.
The rise in gross revenue follows a merger with Scotland’s Simpson & Marwick last year, the launch of new offices in Miami and Duesseldorf and further expansion in Australia.
"This isn't the end of the journey," says Eversheds chief executive Bryan Hughes.
The pair will combine as Eversheds Sutherland on February 1.
Competition lawyer Stephen Kon, who joined legacy SJ Berwin in 1982, served as EUME senior partner for four and a half years from 2012, during which time he oversaw the merger between legacy SJ Berwin and China/Australia firm King & Wood Mallesons.
Dentons is no longer talking to King & Wood Mallesons’ European management about a potential deal to take over its distressed European and Middle East business.
When Chinese-Australian giant KWM joined forces with the U.K.'s SJ Berwin, the firm was hailed as a global pioneer. Just three years later, the verein's European arm is on the brink of collapse.
The situation at King & Wood Mallesons is coming to a head. Sources at the firm say that its beleaguered European arm is heading for a pre-packaged administration, the U.K. equivalent of bankruptcy, with negotiations already at an advanced stage. An announcement should occur in the second half of next week.
The U.K.’s first publicly traded law firm continues to power ahead, with Gateley announcing that its revenue increased 19 percent and its pre-tax profit soared 44 percent in the first half of the current fiscal year.
Former senator and Alston & Bird special counsel Bob Dole told The Wall Street Journal that he and his firm helped to arrange the president-elect's taboo-breaking telephone call on Friday with Taiwanese President Tsai Ing-wen. "It's fair to say that we may have had some influence," Dole told the paper.
Eight significant developments in the past year, and what the future might hold.
Why King & Wood Mallesons is bad news for verein advocates.
A look at the rationale behind the proposed tie-up between U.K.-based Eversheds and Atlanta-based Sutherland.
News of no fewer than three transatlantic mergers broke on Tuesday. Eversheds and Holman Fenwick Willan both ended their long-running search for a U.S. combination, while Dentons emerged as a possible savior for the struggling European arm of King & Wood Mallesons.
Among all the excitement of transatlantic law firm mergers and the ongoing saga at King & Wood Mallesons, news that Allen & Overy’s revenue increased by an impressive 13 percent in the first six months of the fiscal year got somewhat lost in the mix.
Houston's Legge, Farrow, Kimmitt, McGrath & Brown has agreed to merge with London-based Holman Fenwick Willan, one of the U.K.'s 30 largest law firms by revenue.
Atlanta-based Sutherland Asbill & Brennan is in talks to combine with Eversheds, one of the U.K.'s largest firms, the two firms announced Tuesday.
The combination, which will go live on June 1 next year, will boost Addleshaws’ revenue by more than 20 million pounds and bring the firm new offices in Edinburgh, Glasgow and Aberdeen.
Accountants, partnership experts and restructuring lawyers weigh in on KWM Europe's options.
News that KWM's embattled European arm had failed to secure enough support to recapitalize the business has left former partners and others close to the firm reeling. Just 21 of the EUME partnership’s 130 partners agreed to sign up to the bailout
Watching events unfold at King & Wood Mallesons’ European arm over the past few months has felt like watching a car crash in slow motion.
Partners would receive a single profit payment each year, instead of the current quarterly system. A vote is scheduled for next month.
Whether it's Myanmar, Mongolia or Wyoming, global clients in remote locations make for unique outposts for some Am Law 200 and Global 100 firms.
A leading expert in partnership law has dismissed the possibility of partners at King & Wood Mallesons’ European arm having to repay two years’ worth of profits if they refuse the offer of a financial bailout from the firm’s Chinese partnership.
Partner John Chrisman previously led Dorsey's Hong Kong office and the firm's India practice.
At a time of political upheaval and uncertainty over the future of civil rights in this country, William Lee, a longtime partner and former co-leader at Wilmer Cutler Pickering Hale and Dorr, has a chilling story to tell.
Almost 200 former GM Canada dealers sued the company for allegedly pressuring them to sign away their dealerships. They also sued the law firm they say advised them.
World's largest firm set to add bases in Costa Rica, Panama and Nicaragua.
With 1,000 lawyers and combined revenues of around $1 billion, the newly mergered firm will have the “firepower to further invest” in its international offices, according to Kaye Scholer managing partner Michael Solow.
India is moving forward on establishing legal protection for good samaritans in traffic accidents, thanks in part to assistance from the U.S. law firm Dechert.
The London-based firm combines with 12-partner boutique JS Partners under a Swiss verein structure.
MJ Hudson, founded in 2010 by private equity lawyer Matthew Hudson with financing from several external investors, has bought investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital for undisclosed fees.
Law firms with large transactional and trade practices in Asia are waiting to see how many of President-elect Donald Trump's promises become reality.
Unusually, this latest law firm combination lacks much of an international angle. But post-merger, the combined firm will have one of the largest London offices of any U.S. firm.
At a meeting in London last week, King & Wood Mallesons' European and Middle Eastern partners were told that the firm's Asian offices are willing to offer financial assistance to the troubled European partnership, conditional on a lock-in and a capital raising of 14 million pounds sterling.
Law firms with large transactional and trade practices in Asia are waiting to see how many of President-elect Donald Trump's promises become reality.
Dentons has re-elected corporate partner Tomasz Dabrowski as its Europe chief executive, as the firm gears up for yet more expansion throughout the continent.
Kirkland & Ellis finance partner John Markland and White & Case private equity partner Ross Allardice are joining the U.S. firm’s City base.
The Magic Circle is making progress in New York. But the most lucrative deal work still eludes them.
King & Wood Mallesons has held talks with Morgan, Lewis & Bockius about a global tie-up, a source briefed on the matter told London-based Legal Week.
King & Wood Mallesons' new European management team is holding discussions with the firm’s Chinese leadership to work out a way forward for its European arm, which is under pressure following a series of high profile partner exits.
PwC has hired former Clifford Chance partners Mark Pistilli and Danny Simmons for its fast-growing Australian legal arm.
Hogan Lovells has expanded its Australian offering by hiring longtime Clayton Utz partner Matthew Johnson.
The new measures are intended to increase the flexibility of the firm's lockstep, without going as far as introducing "super points" to reward star performers.
These Big Law vet angel funders at Hamilton Ramsey may be a new fixture in the legal tech investment market.
U.S. firms have been systematically poaching partners from U.K. rivals for decades. But their dominance of the London recruitment market now appears almost absolute.
The ink has barely dried on the three-way merger agreement between U.K. law firms CMS Cameron McKenna, Nabarro and Olswang but rumors are already circulating that an American firm may be joining the party.
Duane Morris has opened an office in Taipei, Taiwan, the firm announced Monday, further expanding its on-the-ground presence in Asia.
The firm confirmed the resignation of U.K. investments funds head Michael Halford, private equity partner Jonathan Pittal and corporate partner Andrew Wingfield. Former managing partner Rob Day has also indicated his intention to resign from the beleaguered firm, which has seen a spate of exits over the last 18 months
Gateley partners have cashed in after collectively selling more than 5 percent of the firm’s total issued capital, with five members of Gateley’s strategic board pocketing more than $366,000 each.
Our annual survey of law firms in the Asia-Pacific region shows rapid expansion for Asia-based firms over the past five years, far eclipsing the growth rates of the biggest U.S. or global firms.
Already a regional power in public international law, Foley Hoag has launched a United Nations practice group, thought to be the first of its kind at an Am Law 200 firm.
Addleshaw Goddard is set to restart its salary reviews and partner profit distributions after delaying both in August as a result of the U.K.’s decision to leave the European Union.
Hogan Lovells’ launch of a joint operation with China’s Fidelity Law Firm earlier this month again highlighted the need among international firms to have Chinese law capability.
Global 100 data, which provides financial and headcount information on the world’s largest law firms, shows clear tradeoffs to global networks. International firms are less efficient revenue generators than their domestic peers. They are also significantly less profitable.
The four-lawyer office in Vietnam's Ho Chi Minh City will be led by partner and Southeast Asia practice head Zunu Lee.
The firm's European arm has laid out plans to pay all outstanding profit distributions owed to partners for the 2014-15 financial year by May 2017.
The Melbourne office of Dentons' Australia merger partner Gadens plans to break away from the combined firm, with the tie-up still awaiting formal completion almost one year after partners approved the deal.
Linklaters has relocated London partner Patrick Sheil to Hong Kong to boost its U.S. capital markets offering in Asia.
Continental Breakfast: your daily update on what’s happening in Europe.
CMS has confirmed that the current leaders of CMS Cameron McKenna will retain their titles when the merger with Nabarro and Olswang goes live next year. Meanwhile, partners within CMS said that unlike their counterparts at Nabarro and Olswang, they will not be locked into the firm as a result of the union.
Lloyds Banking Group has finalized its U.K. legal panel review, with DLA Piper and Norton Rose Fulbright losing their places on the roster.
Baker & McKenzie and Herbert Smith Freehills are among the firms receiving most nominations. Winners will be announced on Thursday, November 24, 2016, at the Four Seasons Hotel in Singapore.
The deal will create a firm with more than 4,500 lawyers in 36 countries, with global revenues of more than 1.2 billion pounds.
'Australians take no prisoners': Partners react to the new leadership choice.
A new antitrust law is likely to provide plenty of work for the only two Am Law 200 firms with offices in Tel Aviv.
Australia’s Minter Ellison has launched a nonlegal consulting practice focusing on board and executive remuneration with the hire of a team from Willis Towers Watson.
Partners have been given until Monday to decide whether to commit to the proposed merger with CMS and Nabarro, Legal Week has learned.
The vote will end months of discussion within the firm about changes to the compensation system.
King & Wood Mallesons has elected global corporate, M&A and securities co-head Tim Bednall to be its new European managing partner.
Gregory Markel and Shane Stroud left Cadwalader, Wickersham & Taft on Monday for Seyfarth Shaw and Hughes Hubbard & Reed, as their former firm inked an alliance with French restructuring firm Bremond & Associés.
Dechert has opened an office in Riyadh and hired a lawyer there, building on its year-old association with the Law Firm of Hassan Mahassni.
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).
CMS, Olswang and Nabarro are weighing up a three-way deal that could create a firm with revenues of more than $1 billion.
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.
The American Lawyer’s latest Global 100 survey, which was published this week, doesn’t make pretty reading for firms based on the eastern side of the Atlantic.
If a law firm bills in any currency other than dollars—which nearly every Global 100 law firm does—those billings are exposed to risks created by currency fluctuation. What does that mean for the firm's bottom line?
International firm leaders are adjusting expectations and taking a more nuanced approach to global expansion.
The U.K.'s proposed departure from the EU is already shaking up the British legal market.
American law firms have established themselves all over the globe, but some markets are more vibrant than others, our data shows.
Baker & McKenzie is number one again, and the Magic Circle is rising in the Acritas Global Brand Index.
Ireland's favorable tax environment has long been a boon for its biggest law firms. That might be changing.
Top-grossing law firms saw slow and steady growth over the past year, with revenues and profits increasing. But challenges abound.
After being somewhat of a Big Law wasteland in recent years, Moscow has regained some lost luster, as Baker Botts and Quinn Emanuel Urquhart & Sullivan both announced senior hires in the city this week.
A week after Norton Rose Fulbright absorbed a Vancouver firm and Dentons affiliated with a high-profile Canadian consultancy, rival global legal giant DLA Piper has picked up Toronto-based IP shop Dimock Stratton.
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.
A&O is now out to prove that the hire of the team, some of whom it broke lockstep for, will be a turning point for the firm in the US and its global finance practice as it gives them more firepower to tackle foreign finance deals under New York law.
Slaughter and May has been working with new tech company Luminance to help it develop artificial intelligence software designed to speed up the due diligence process.
As part of a partnership announced Tuesday between Dechert and American International Group Inc., the firm will provide a free initial consultation to all AIG CorporateGuard clients regarding the impact of the United Kingdom’s departure from the European Union.
Norton Rose Fulbright, continuing its five-year expansion across Canada, will combine with Vancouver-based Bull, Housser & Tupper, both firms announced Monday.
Continental Breakfast: Your Daily Update on What’s Happening in Europe.
The China 35, our annual financial survey of the highest-grossing Chinese law firms, finds more firms breaking the $200 million mark.
As KWM's European partnership prepares to vote in replacements for William Boss and Stephen Kon, Legal Week takes a look at some of their likely successors.
Continental Breakfast: Your daily update on what’s happening in Europe.
Total revenue for the 50 highest-grossing British firms rose 4.5 percent. Translating that increase into bottom-line gains proved more difficult.
The global firm announced this week the launch of a risk assessment tool and information hub for clients to identify potential regulatory concerns arising from the Brexit vote.
The planned launch comes after CMS Cameron McKenna became the first global firm to open an office in Iran earlier this year, following the lifting of Western sanctions against the country.
Stephen Kon will remain at the firm as a partner; his replacement will be in position by late October
London-based Mischon de Reya, which opened a New York office in 2010, is poised to halve the size of its partnership in the Big Apple. The decision comes after a review of the firm’s business.
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.
Partners in continental Europe affiliated with Dentons are being asked to pay up to $7.8 million in extra capital to the global legal giant.
Dallas-based Haynes and Boone merged today with Curtis Davis Garrard of London, giving the firm a London office and 20 lawyers.
Gateley, a British firm that last year raised $45 million in a landmark initial public offering, saw its gross revenue rise 11 percent in 2015-16, according to financial figures released by the firm.
Since June, Dentons' Mexico City unit has been embroiled in a bitter "business divorce" dispute between the predecessor firm's co-founders over allegedly stolen client information and false marketing. The suit, filed in Mexico City, isn't starting out so well for Dentons.
British firm Clyde & Co has had surprising success in the U.S. legal market.
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.
Continental Breakfast: Your Daily Dispatch from Europe
Merger talks between Hunton & Williams and British firm Addleshaw Goddard have slowed following the U.K.'s June vote to leave the European Union.
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.
Continental Breakfast: Your Daily Dispatch from Europe
Partners have still taken monthly drawings, but the U.K. firm has held back the quarterly profits payment which was due in August.
The firm has confirmed that its three-year alliance with Jakarta-based Ivan Almaida Baely & Firmansyah will soon end.
Mishcon de Reya has a lead role on a new police initiative in London to recover assets stolen by online fraudsters.
Accounts filed at Companies House this week show that operating profit for the firm's U.K. and Africa LLP rose nearly 50 percent in 2015.
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.
The vast majority of partners in the U.K. expect to see law firm layoffs in the wake of the vote to leave the European Union, while over half say their firms will cut back on recruitment, according to new research by sibling publication Legal Week.
In this video, Giles Murphy, head of professional practices at Smith & Williamson, talks with Legal Week about the insight that can be gained on the financial performance of the U.K.’s largest law firms, based on a closer analysis of the information in their LLP accounts.
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.
Our sibling publication Legal Week digs into the financials of the 47 LLPs within the U.K. Top 50: Revenue, profit, borrowing and staff costs.
The deal is expected to be completed in January 2017, with the merged Bangkok office operating under the new name Chandler MHM Ltd.
The firm, which already has Latin American offices in Brazil, Mexico and Colombia, is looking at further expansion in the region, with Chile identified as a key target.
The U.S. litigation firm has hired Robert Amaee from Covington & Burling to launch a new practice next month.
In today's Continental Breakfast, the Bank of England tries to stave off a post-Brexit recession, and the Magic Circle continues its belated assault on the U.S. market.
U.S. attorneys have spent years arguing over whether law firms should be permitted to have nonlawyer owners. But in the U.K., some law firms are welcoming outside investment.
Law firms are likely to benefit from the United Kingdom's decision to leave the European Unon, according to the main lobby group for the U.K.'s financial services industry.
Partners have voted to extend the firm's lockstep and introduce a bonus pool in an attempt to better attract and retain top talent.
In the aftermath of a failed coup in Turkey, four lawyers at Yuksel Karkın Kucuk were taken into custody, then released.
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.
Brexit may be good news for such European cities as Frankfurt and Paris. But don't write off London.
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.
Firms report that refugee, immigration and asylum matters are a major focus of their pro bono work.
A parliamentary report claims that Linklaters and Olswang only carried out “cursory” checks into BHS buyer Dominic Chappell. The company entered administration less than a year after the deal.
That London-based Olswang is in merger talks with another law firm is not surprising. Pan-European giant CMS doesn’t seem an immediately obvious partner, however.
Resource Law is headed by Mohan Subbaraman, who formerly led Ince & Co's alliance firm in the city state.
Just five years ago, Turkey's economy was booming, enticing a handful of international law firms to open offices in the country. But with a failed military coup July 15, the future of those firms remains unclear.
DLA Piper may be the first full-service Am Law 100 firm to open an office in Puerto Rico.
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.
In the wake of last month's Brexit vote, and in preparation for the United Kingdom's exit from the European Union, some large Pennsylvania firms are looking to expand operations in Germany.
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.
Eversheds will launch its consulting business in Dublin to take advantage of Ireland’s continued EU membership.
The Brexit referendum result seems to have heralded a new era in which literally anything is possible.
Half of the United Kingdom’s 50 largest law firms by revenue have now announced their results for the last fiscal year. It’s been another tough 12 months, with topline growth particularly hard to come by.
The Anglo-German firm has tied up with local boutique HM Chan & Co in the Chinese territory.
Clydes launches an insurance-focused office in Dusseldorf with a team from Noerr.
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.
More firms opt to fund lawyers to join the Irish roll in a bid to save EU audience rights.
As most large U.K. firms unveiled financial figures for their 2015-16 fiscal years, Clifford Chance topped the list in gross revenue while Freshfields reigned supreme in profits per equity partner.
Continental Breakfast returns after a week away. It’s been a ridiculously eventful seven days. Now that Britain has actually voted to leave the European Union, it seems that those who orchestrated the unprecedented situation now want nothing to do with it.
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.
The alternative legal services industry is providing both competition and opportunity for British law firms.
Haynes and Boone announced Thursday that it plans to merge with Curtis Davis Garrard, a 20-lawyer London firm with clients in the shipbuilding and offshore oil and gas industries that handles both transactional work and litigation.
Five months after bolting on Finnish firm Peltonen LMR, global legal giant DLA Piper has expanded again in Scandinavia, as it prepares to absorb Swedish shop Grönberg.
Irish law firms could be poised to pick up additional work after last week’s U.K. vote to exit the European Union. That will leave Ireland as the only remaining English-speaking country with a common law tradition in the Eurozone.
France’s Gide Loyrette Nouel will close its office in Hong Kong and launch a "best friends" relationship with local firm Howse Williams Bowers.
American firms have more lawyers in the United Kingdom than anywhere else in Europe, according to the NLJ 500 lawyer head count survey. Will that be true post-Brexit?
U.S. firms on the NLJ 500, the National Law Journal's head count survey, have a total of 14,300 lawyers working in Europe.
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.
New data on law firm mergers this year shows fewer international deals and a slowdown in major combinations.
The U.K.'s vote to leave the European Union on Friday sent global markets tumbling. But what does a Brexit mean to global law firms?
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.
The U.K.’s historic vote to leave the European Union came among one of the busiest lateral hiring sprees by U.S. law firms in London, but that growth may be put to the test as clients themselves ponder exiting the market.
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.
Crowell & Moring has reshuffled its operations in Cairo, where economic turmoil and political unrest has unsettled the Egyptian outposts of other large firms in recent years.
The two Magic Circle firms have set up operations rooms in preparation for potential fallout from the U.K.’s referendum Thursday on membership of the European Union.
Second consecutive record-breaking year for the U.K. firm as revenue and PEP increase by 9 and 1.5 percent, respectively
The firm's E.U. trade co-head Miriam Gonzalez gives her view from inside a U.S. firm on how firms should prepare for Brexit.
Amid food shortages and rising political unrest, major firms in Caracas are doing what they can to weather the storm.
The Magic Circle firm joins the ongoing U.S. associate pay war, announcing pay rise for first-year U.S. associates to $180,000
The Anglo-Australian firm has closed its only Swedish offering, with the entire 25-lawyer team transferring to local firm Hamilton.
A month after Dentons suggested law firms and their clients should abandon “pay-to-play” networks for international legal referrals and announced its own new network, the referral industry is fighting back.
Some U.K.-qualified lawyers are applying to the Law Society of Ireland amid fears they may find it more difficult to practice EU law if Britain leaves the European Union.
Even the mere possibility of a U.K. withdrawal from the EU has already taken a toll on law firms and the financial markets.
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.
Womble Carlyle Sandridge & Rice, based in Winston-Salem, North Carolina, announced on Wednesday the formation of an exclusive international alliance with Bond Dickinson, one of the 50 largest firms in the U.K.
As S&C dips its toes into debtor's side Chapter 11 work for Arctic tanker company Primorsk, a creditor says that the firm might have squandered $2 million in hourly billings.
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.
A tax partner at Dentons in Vancouver formerly affiliated with predecessor firm Frasner Milner Casgrain has been caught up in an offshore tax scandal involving global accounting giant KPMG and the Isle of Man.
Paul Rawlinson has been selected by the partnership, making him the firm's first British global chair.
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?
In an example of the laser-like focus U.S. law firms are placing on London in recent months, Dechert has revamped the leadership structure of its London office with an eye toward making it on par with the firm's largest locations in New York and Philadelphia.
The firm has struck a partnership with Jakarta-based Dewi Negara Fachri & Partners, seven months after previous arrangement with Hermawan Juniarto ended.
The 1,800-lawyer U.K. firm plans to open its sixth U.S. office, merging with insurance defense firm Thornton Davis & Fein.
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.
Quinn Emanuel Urquhart & Sullivan is expanding its European presence with the launch of a new office in Switzerland under partner Thomas Werlen. Zurich-based FIFA, soccer's global governing body, is a major client of the firm.
Hunton & Williams is in merger talks with midmarket U.K. firm Addleshaw Goddard, Legal Week has learned. If successful, a merger between the pair would create a firm with more than 1,300 lawyers and combined gross revenue of around $809 million.
Saudi courts will decide whether the global firm will have to reapply for its license in Saudi Arabia, a process that could take up to two years.
The firm adopts a bold growth plan in London. What if it works?
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 legal giant's latest expansion effort south of the border involves a dispute between two former colleagues and offers clues about Dentons' other global affiliations.
The Australian firm’s former Singapore managing partner Marc Rathbone has joined U.K. firm Nabarro in the city-state.
On the menu this week in The American Lawyer's Continental Breakfast series: Lawyers on Demand co-founder Simon Harper digests the spectacular growth of the alternative legal services pioneer.
Research into recent recruitment trends by international firms in London has found that they brought in over 20 percent more partners in 2015 than the year before, with total partner numbers climbing by 6 percent across the group year-on-year.
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.
After a review of its business services functions, the global legal giant plans to cut up to 200 support jobs in the U.K., with the bulk of those roles being moved to a new operations center in Warsaw.
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.
Dentons, in its latest growth bid, announced this week the formation of a global referral network in an effort to establish itself as a brand able to connect clients with lawyers around the world. The firm is also poised to open an office in Munich.
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.
The one-year foreign law clerk program helps Greenberg Traurig expand its contacts in Latin America and gives foreign attorneys a leg up on a partnership at home.
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.
Chadbourne & Parke's outpost in the Polish capital, which it opened in 2004, has been spun off into its own local firm.
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.
These awards recognize law firms for excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlighting in-house leaders and law firm innovation, commitment to pro bono and outstanding transatlantic strategy.
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.
Curtis, Mallet-Prevost, Colt & Mosle will become one of the very small number of international firms with offices in Switzerland when it opens in Geneva next month.
The first phase of Indian liberalization is set to center on arbitration work, as India looks to become an international hub.
Despite one of their most challenging years since the early 1990s, the leading U.S. law firms continue to dwarf their U.K. counterparts in revenues and profits.
The city-state’s oldest law firm Rodyk & Davidson is now officially part of the global legal giant.
in the wake of controversy over the 2.8 million pounds that Freshfields billed for its work on the Eurostar sale last year, the U.K. government will seek capped fee agreements with its external law firms.
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.
A Parliamentary report puts the Magic Circle firm and the lawyers' watchdog group under scrutiny as it probes a controversial warranty scheme.
Shell has chosen Allen & Overy, Baker & McKenzie, Clifford Chance, Eversheds, Norton Rose Fulbright and Reed Smith as its go-to legal advisers after a review of more than 200 firms.
A year after combining with Canadian firm Davis, DLA Piper has closed its small office in Whitehorse, capital of the Yukon. But the global legal giant isn’t completely bailing out on Canada's far North.
The U.K. firm has applied to the Malaysian Bar Council to establish a presence in the country with its associate firm Gan Partnership.
Fieldfisher announces that it will let all U.K. lawyers to work from home for up to one day per week, as Shearman & Sterlin and Mayer Brown make similar plans in their London offices.
Former Dentons client RevoLaze claims the firm mishandled an ITC case that saw Dentons disqualified last year. At that time, an administrative judge found that the firm had a conflict of interest involving its Canadian arm.
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.
With dozens of high level Brazilian executives and politicians under investigation as part of a broad corruption probe, Hughes Hubbard has joined forces with a local anti-corruption lawyer.
Mossack Fonseca, whose client records of offshore accounts are international media fodder, has been targeted by Brazil's anti-corruption investigators and may be open to U.S. inquiries.
Goodwin Procter is to open in Paris with the hire of a corporate team from King & Wood Mallesons, including its office managing partner, the firm announced Monday.
Partners and security experts reacted with alarm to news of the massive document leak from Panama offshore firm Mossack Fonseca.
What does the 'Panama Papers' scandal mean for the republic of American lawyers?
The U.K. law firm is teaming up with Chinese firm Wintell & Co under the Shanghai free trade zone rules.
Meet the U.S. and U.K. law firms that have tapped into their inner entrepreneur.
The split with Venezuela's InterJuris leaves the international giant with three bases in the region.
Intellectual property boutique RatnerPrestia has sued a German firm in Pennsylvania federal court for disrupting the business of its new Munich office by an allegedly false display of interest in a merger between the two firms.
Law firms usually manage to keep the public in the dark when it comes to data breaches and hacking attacks. But not this week.
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
Amid a spate of unconsummated law firm courtships, a new report claims that the majority of mergers fail to deliver benefits to clients and risk damaging partnership value.
Will Latham & Watkins' high-profile new hires in Hong Kong allow it to pull away from the pack?