Firms

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Asian Lawyer
Asia Pacific M&A Volume Hits 3-Year Low; Firms See Sharp Drop in Big Deals

By Anna Zhang |

Newly released league tables showed as much as a 34 percent decrease in total deal value from last year.

Washington, D.C. offices of Freshfields at 700 13th Street, N.W. November 4, 2015. Photo by Diego M. Radzinschi/THE NATIONAL LAW JOURNAL.

Europe
What Is Really Behind Freshfields' Poor Financial Results?

By Chris Johnson |

While its Magic Circle rivals posted hefty increases in gross revenue, Freshfields Bruckhaus Deringer barely maintained its revenue, even with a hefty currency bump.

Haiwen & Partners.

Asian Lawyer
Haiwen & Partner Hires 5th Hong Kong Partner

By Anna Zhang |

Chinese firm Haiwen & Partner has recruited a fifth partner in its newly launched Hong Kong office.

Europe
Clifford Chance Under Investigation by the SRA over Excalibur Case

By Anna Ward |

The firm has turned to Clyde & Co for advice in the Solicitors Regulation Authority's investigation into Clifford Chance's controversial role in the long-running Excalibur case.

Asian Lawyer
Clyde & Co Asia Revenue Surges as Global Turnover Breaks £500M Mark

By James Booth |

The U.K. firm's Asia Pacific revenue rose 33 percent from last year, while firmwide growth reached 14 percent.

Europe
Freshfields Slips Behind Linklaters in Revenue and Profits Per Partner

By James Booth |

Freshfields Bruckhaus Deringer announced stagnant gross revenue and shrinking net profit for a 'challenging' 2016-17.

Norton Rose Fulbright

Europe
Chadbourne Is No More as Deal With Norton Rose Fulbright Goes Live

By Christine Simmons |

Global giant Norton Rose Fulbright and Manhattan-based Chadbourne & Parke finalized their merger Friday, ending Chadbourne’s 115-year run as an independent firm.

Asian Lawyer
Slater and Gordon's Lenders Take Control as Australian Firm's Leader Is Ousted

By Alex Berry |

The first-ever law firm to go public has been grappling with huge debts as a result of its controversial acquisition of U.K. insurance company Quindell’s professional services arm in March 2015.

Asian Lawyer
Baker McKenzie Tops Asia Pacific Law Firm Brand Index

By Anna Zhang |

Baker McKenzie has once again been named the top law firm brand in the Asia Pacific region, according to a recent survey by London-based market research firm Acritas.

Russian Rubles

Europe
And You Thought You Had Currency Problems? Alas, Poor Russia

By Chris Johnson |

Does it pay to be paid in rubles? For global firms operating in Russia, not really.

Europe
Former KWM Europe Partners Face Tax Burden After Bank Rejections Hold Up Process

By Rose Walker |

Former King & Wood Mallesons European and Middle East partners may be unable to claim tax loss relief on their July tax payment, after three banks declined to open an account for the firm’s partnership board to deal with the allocation of tax losses.

Mark Lehmkuhler,  Orrick.

Asian Lawyer
Orrick Hires Ex-Davis Polk Partner in Hong Kong

By Anna Zhang |

Mark Lehmkuhler is the firm’s first hire in the Asian financial capital following a seven-partner exodus in January.

Gibson, Dunn & Crutcher offices in Washington, D.C. June 23, 2014. Photo by Diego M. Radzinschi/THE NATIONAL LAW JOURNAL.

Europe
Gibson Dunn Builds Up Its Presence in Europe, Finding Opportunity Amid Uncertainty

By Chris Johnson |

Gibson, Dunn & Crutcher ramps up its European hiring with some significant moves in London, Paris and Germany.

Singapore Prime Minister Lee Hsien Loong, left, and Suet Fern Lee.

Asian Lawyer
Morgan Lewis Singapore Chief Becomes Entangled in Prime Minister's Family Feud, Steps Down From Post

By Anna Zhang |

Morgan, Lewis & Bockius Singapore partner Suet Fern Lee is caught up in a highly public family dispute between the three children of late Prime Minister Lee Kuan Yew, and will step down as office managing partner, according to a source familiar with the matter.

Asian Lawyer
Duane Morris Nabs Sidley Austin Singapore Partner

By Anna Zhang |

Corporate lawyer Gerard Hekker specializes in Indonesia-related transactions.

Europe
Is Big Law Hurting Itself by Being Too Soft With Clients?

By Chris Johnson |

Should law firms refuse to hand over time-entry data to clients when working on a fixed fee?

Europe
How the Pay Gap Between Elite U.S. and U.K. Firms Became a Chasm

By Hugh Simons |

Top American firms are outflanking their British counterparts on partner compensation. As money talks, partners walk—and competitiveness follows.

Europe
Pinsent Masons to Launch in Dublin with Trio of Partner Hires

By James Booth |

Pinsent Masons is to launch an office in Dublin, making it the first international law firm to launch in the Irish capital since last year’s Brexit vote.

Philip Abelson, left, and David Turetsky

Latin America
White & Case Bankruptcy Group Grows on Junior Creditor, Brazil Work

By Christine Simmons |

White & Case is bulking up its restructuring practice, amid increasing work in cross-border restructuring and junior creditor representation.

Asian Lawyer
Clyde & Co Expands Australian Insurance Practice

By Anna Zhang |

A four-lawyer team led by partner Jonathan Wyatt joins from Australian firm Sparke Helmore.

Europe
Can U.K. Firms Match American Firms' Financial Results?

By Chris Johnson |

Many U.K. firms will likely post gains for the fiscal year that followed the Brexit vote. Then what?

Jonathan Blair, managing partner of Bond Dickinson, and Betty Temple, chair and CEO of Womble Carlyle Sandridge & Rice, now the co-leaders of Womble Bond Dickinson

Europe
Womble Deal With UK's Bond Dickinson Creates Mega-Middle-Market Firm

By Meredith Hobbs |

As it makes its international debut, Womble Bond Dickinson is billing itself as a "new breed of transatlantic law firm" because it unites two middle-market firms with strong regional roots.

Europe
Womble Carlyle Takes U.K. Alliance to Next Level

By James Booth |

Womble Carlyle Sandridge & Rice and Bond Dickinson formed an alliance in June 2016 but have now taken this relationship a step further, although stopping short of full financial integration.

Asian Lawyer
Big Law Falls Victim to China's Trademark Squatters

By Anna Zhang |

Squire Patton Boggs, Norton Rose Fulbright and Osborne Clark have all been targets of China’s trademark squatters—entities that register the marks of known brands in the hopes of profiting off the name or extracting money from the brand owner.

Asian Lawyer
Eversheds Harry Elias Merger Takes Effect

By Anna Zhang |

The combined firm has 29 partners, but includes only two from the legacy U.K. firm's Singapore office.

Yangon, Myanmar.

Asian Lawyer
Dentons Enters Myanmar With Seven-Strong Team

By Anna Zhang |

The global legal giant has bolted on Livingstons Legal, a firm led by name partner Mark Livingston, to become the latest in a spate of international and regional firms setting up shop in Yangon.

Clifford Chance offices in Washington, D.C. March 24, 2015. Photo by Diego M. Radzinschi/THE NATIONAL LAW JOURNAL.

Europe
Why U.K. Law Firms Are Still Caught Between Lockstep and a Hard Place

By Chris Johnson |

he elite U.K. firms have been tweaking their lockstep compensation models for years. But changing things too much may prove counterproductive.

Europe
Four More U.K. Top 50 Firms Rethink Approach to Lawyer Performance Assessment

By Anna Ward |

Berwin Leighton Paisner, Fieldfisher, Withers and RPC have joined a growing group of U.K. top 50 law firms looking to change the way they appraise their fee earners and staff.

Europe
Under the Bonnet: An In-Depth Look at the Financial Health of the U.K. Top 50

By Georgina Stanley |

What do the limited liability partnership (LLP) accounts of the biggest U.K. law firms tell us about the market?

Mark Adkins

Europe
One of Canada's Largest Firms Heads to New York

By Meghan Tribe |

McCarthy Tétrault has opened an office in New York after recruiting corporate partner Mark Adkins from Canadian rival Blake, Cassels & Graydon.

Europe
US Companies Are Biggest Spenders on Legal Services Globally

By Jennifer Williams-Alvarez |

New data from Acritas Research indicates U.S. companies lead the pack on legal spend—by a lot.

Europe
The Warning Signs Firms Should Be Looking Out For: Lessons from the U.K. Top 50 LLP Accounts

By Georgina Stanley |

In this video, Legal Week editor Georgina Stanley talks to Giles Murphy, head of the professional practices group at Smith & Williamson, about the limited liability partnership (LLP) accounts of the U.K.’s 50 largest law firms and what we can learn from them.

Europe
With Wilson Sonsini Hire, Sullivan & Cromwell Heads to Brussels

By Anna Ward |

Sullivan & Cromwell has opened an office in the de facto capital of the European Union after adding Wilson Sonsini Goodrich & Rosati partner Michael Rosenthal.

Asian Lawyer
China Law & Practice Awards Deadline is June 23

By Staff |

We will honor top matters and leading lawyers in and out of China.

Europe
Allen & Overy Sues Project Finance Client Over Unpaid Legal Fees

By Christine Simmons |

Allen & Overy is suing a former client for $343,448 arising out of its work for the development and financing of a solar power facility in Panama.

Asian Lawyer
Partner Exits Continue at King & Wood Mallesons' Rebuilt European Arm

By Rose Walker |

Seven of the roughly 30 partners who initially agreed to remain with KWM 2.0 or its affiliated offices have made departures in recent weeks.

Europe
Cuts, Closures and Lockstep Reform—What's Next for the Magic Circle in Germany?

By James Booth and Anna Ward |

These are tricky times to be a Magic Circle partner in Germany. With partnerships in the country under intense scrutiny in recent years, Legal Week asked partners at a range of firms in Germany why there is so much pressure on performance.

Latin America
Dentons Continues Push in Latin America, Forming Alliance with Firm in Brazil

By Monika Gonzalez Mesa |

The global legal giant, having recently announced agreements with firms in Costa Rica, Hawaii and the Netherlands, now plans to form an alliance with the Brazilian firm Vella Pugliese Buosi Guidoni in São Paulo.

Jones Day's Munich office

Europe
Munich Court Nixes Jones Day Complaint Over VW Search

By Brian Baxter |

Nearly two months after German law enforcement authorities raided Jones Day's Munich office as part of an investigation into Volkswagen AG, a local court has tossed a complaint by the firm about government efforts to obtain materials on its embattled client.

Latin America
Another Big British Firm Inks a Combination in the Americas

By Alex Berry |

London-based legal giant Clyde & Co announced Wednesday its merger with Mexico's Garza Tello & Asociados, a 23-lawyer firm specializing in energy, insurance and maritime work.

Littler Mandelson.

Europe
Littler Continues European Push With UK Merger

By Chris Johnson |

The labor and employment specialist, which struck a deal with U.K. boutique GQ Employment Law, has now launched in 14 new markets since October 2013.

Christopher Carroll of Carroll McNulty Kull, left, and Nick Thomas of Kennedys.

Europe
Insurance Firms CMK, Kennedys Ink Transatlantic Merger

By Lizzy McLellan |

New Jersey-based Carroll, McNulty & Kull is merging with U.K.-founded Kennedys to form a nearly 1,000-lawyer global firm that specializes in advising the insurance industry.

Asian Lawyer
Ashurst Forms Singapore Law Alliance

By Anna Zhang |

The British firm ventures into local law practice in Singapore through an association with boutique firm ADTLaw after losing four partners since September in the city-state.

Jose Andres Monge Calderon, Fragomen’s associate general counsel for Latin America.

Latin America
Two Fragomen Employees Accused of Stealing $500,000 from Law Firm

By Monika Gonzalez Mesa |

Criminal and government administrative investigations are still underway in Costa Rica, a year and a half after the firm discovered the scheme and fired the father, a messenger, and his son, an office worker.

Europe
The Am Law 100 2017: Warning Signs for the U.K. Market As America's Biggest Get Bigger

By Georgina Stanley |

Latham and Kirkland have outpaced the vereins to take the top two spots in the Am Law 100—but what lessons can U.K. firms learn from this year's rankings?

Clifford Chance offices in Washington, D.C. March 24, 2015. Photo by Diego M. Radzinschi/THE NATIONAL LAW JOURNAL.

Asian Lawyer
Clifford Chance to Close Bangkok Office, End Jakarta Alliance

By Anna Zhang |

The Magic Circle firm will wind down its 26-lawyer office in Thailand over the next 15 months and end a three-year-old Indonesian association in order to refocus its Southeast Asia work in Singapore.

Asian Lawyer
The 2017 Am Law 100

The Am Law 100, the highest-grossing law firms in the United States, posted solid gains in revenue and profits in 2016, but the revenue per lawyer figure dropped on stronger growth in head count.

Henry Nassau, Dechert CEO

Asian Lawyer
Spotlight: Dechert Expands in China as Others Pull Back

By Anna Zhang |

The U.S. firm has benefited from market forces that prompted its competitors to scale back in Asia.

Hogan Lovells CEO Stephen Immelt.

Europe
What Hogan Lovells Did Right (and Wrong) in Its Founding Tie-Up

By Chris Johnson and Rose Walker |

The union of London's Lovells and Washington, D.C.'s Hogan & Hartson is arguably the most successful trans-Atlantic law firm combination ever. But did the firm miss some opportunities?

Close of the future in customer care reps.

Europe
Billy Bot, a Chatbot with A Funny Streak, Takes A Barristers' Clerkship

By Gabrielle Orum Hernández |

The new chatbot hopes to provide a new public face for barristers' offices.

Europe
To Boost Teamwork, Linklaters Scraps Individual Partner Targets

By James Booth |

Annual partner reviews will be ditched in favor of more regular feedback from sector or geography leaders.

Dentons offices in Washington, D.C., at 1900 K Street, N.W. March 30, 2017.

Europe
Dentons Culls Partners Amid Budget Shortfall

By Katelyn Polantz |

The world’s largest law firm by head count asked several U.S.-based partners to leave after it failed to meet its 2016 budget, multiple sources said.

MOSCOW - AUGUST 21, 2016: Aerial view to Moscow-city (Moscow International Business Center) over Moskva River. Moscow-city is a modern commercial district in central Moscow.

Europe
Diplomatic Breakdown Rattles Western Law Firms in Russia

By Miriam Rozen |

For U.S. and international law firms in Moscow, soured geopolitics are making a bad business situation worse.

Asian Lawyer
DLA Piper Exits Australian Capital in Latest Office Closure

By James Booth |

In the latest of a series of closures involving the global legal giant's international network, DLA Piper is shutting its doors in Canberra.

Europe
Small But Scrappy, Independent Law Firms Make Their Stand

By Chris Johnson |

Facing intense competition from global firms, independent firms have to be smart and disciplined.

nanchang scenery,view from the tengwang pavilion, China

Asian Lawyer
U.S. Law Firms Face Tough Reality in China

By Anna Zhang |

U.S. law firms are reassessing their China strategy. Some are laying off lawyers and partners. Some are shifting focus. Others are pulling back or even shuttering their doors in Hong Kong and Beijing.

Europe
Insurance Industry Competition Spurs Creation of New Cross-Border Network

By Meghan Tribe |

Marshall Dennehey Warner Coleman & Goggin has formed a global insurance network with firms in Canada, Spain and the U.K., two months after Wilson Elser Moskowitz Edelman & Dicker launched its own international network.

Europe
Slaughters to Send Six-Strong Competition Team to Brussels As Brexit 'Accelerates' Plans

By Anna Ward |

London-based competition head Philippe Chappatte: "We have to invest and make sure we provide an international product to our clients."

Seoul, Korea.

Asian Lawyer
Kennedys Expands Marine Practice With Korea-Focused Hire

By Anna Zhang |

Deug Rong Lee joins from Clyde & Co in London.

Europe
Denmark Latest Venue for DLA Piper's Global Growth

By James Booth |

DLA Piper's international expansion spree continued Friday as the legal giant announced a tie-up with 150-lawyer Danish firm LETT. The local shop will be absorbed into DLA Piper’s Nordic verein.

Europe
In-house Lawyers Raise Doubts Over Deutsche's Panel Stipulation on Junior Lawyer Pay

By Alex Berry |

The majority of in-house lawyers have reservations about Deutsche Bank’s plan to stop paying panel law firms for work carried out by junior lawyers, but believe the move is likely to start a trend, according to a new Legal Week survey of corporate counsel.

Europe
Partners Question 'Unreasonable' Deutsche Bank Demands on Junior Lawyer Pay

By Anna Ward |

Almost 60 percent of partners think Deutsche Bank’s plan to stop paying panel law firms for work carried out by junior lawyers is unreasonable, according to a new survey.

Latin America
DLA Piper Continues to Expand in Latin America—This Time in Peru

By Monika Gonzalez Mesa |

The global legal giant has established another cooperation agreement in Latin America with Peru's Pizzaro, Botto & Escobar.

Europe
New Law Firm Leasing in London Falls 50 Percent As Top Firms Rethink Capital Costs

By James Booth |

Factors such as flexible working, new technology and the Brexit vote are pushing law firms to rethink their real estate footprint.

Europe
Allen & Overy Set to Expand Flexible Lawyer Service Across Europe and the U.S.

By Rose Walker |

The U.K. law firm is planning further expansion of its flexible lawyer scheme Peerpoint following a successful pilot in the Netherlands, with continental Europe and the United States pinpointed as key targets.

Asian Lawyer
'We Are Not Recreating SJ Berwin' - Looking Forward with KWM 2.0

By Rose Walker |

This January, around 30 partners from King & Wood Mallesons' pared-down European, Middle East and U.S. offices travelled to Beijing for KWM China’s partnership meeting. A weekend of team performances —from karaoke to flamenco—ensued. But also centre stage, and very much up for discussion, were the prospects for the firm’s business outside Asia-Pacific.

Europe
Dentons Enters Tbilisi as DLA Piper's Europe Exits Continue

By Rose Walker |

DLA Piper is pulling out of the former Soviet republic of Georgia, with rival global legal giant Dentons poised to take on all of the firm's 11 lawyers in Tbilisi.

Europe
Global Law Firms and Vereins: The End of the Affair?

By Chris Johnson |

In the inexorable march toward greater global consolidation, will law firms steer clear of the verein structure?

Europe
In a First, Major UK Client Says No to Paying for Junior Lawyers

By Anna Ward and Alex Berry |

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.

Europe
DLA Piper to Close Berlin Office as DWF Takes Team for Launch

By Rose Walker |

DWF will take over the office on April 3 and launch with eight lawyers initially, including three partners.

Jones Day's Munich office

Europe
German Prosecutors Raid Jones Day Offices

By Brian Baxter |

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.

Hong Kong skyline

Asian Lawyer
Davis Polk Hong Kong Capital Markets Star to Leave

By Anna Zhang |

Antony Dapiran will leave the firm in June after seven years while more corporate lawyers are set to exit.

Dentons Signage in Atlanta.

Europe
Dentons Trims Ranks on Both Sides of the Atlantic

By James Booth |

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.

Europe
McDermott to Close Rome Office, With Layoffs to Follow

By Rose Walker |

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.

Maxwell Chambers, location of the Singapore International Arbitration Center.

Asian Lawyer
Singapore's Judiciary is Focused on Legal Tech, Will the Industry Follow?

By Zach Warren |

Legal tech companies that have opened offices in Singapore say the market is ripe for innovation, but local firms will not change overnight.

Asian Lawyer
PwC Launches Hong Kong Law Firm With KWM, O'Melveny Hires

By Anna Zhang |

Former King & Wood Mallesons partner David Tiang formed the auditor's associated firm with former O'Melveny & Myers Hong Kong partner Gigi Woo.

Europe
DLA Piper Combines with Portuguese Alliance Firm

By James Booth |

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.

Europe
Slaughters Selects 5 Companies for Free Legal Advice in New Fintech Scheme

By Anna Ward |

The companies will receive legal advice, access to model legal documentation and tailored coaching in areas such as pitching and presentations.

Europe
The Untold Story Behind Big Law Mergers: Revenue Slips, Costs Rise

By Roy Strom |

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.

Mitchell Zuklie, Orrick Herrington & Sutcliffe chairman

Asian Lawyer
Spotlight: Orrick Overhauls Asia Strategy After Partner Exodus

By Anna Zhang |

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?

Europe
DLA Postpones Pay Reviews, Seeking More Time to Assess Moves by Competitors

By James Booth |

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.

Paris, France

Europe
Ogletree Adds Paris Office as Employment Firms Expand Global Reach

By Meredith Hobbs |

Labor and employment giants Ogletree and Littler are pursuing different growth strategies, but both involve heavy bets on Europe.

Europe
Dentons Continues Global Expansion with Netherlands Merger Deal

By Alex Berry |

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.

Belfast at Night over the River Lagan, Belfast City, Northern Ireland, United Kingdom (UK).

Europe
Ulster University Opens New Legal Innovation Center, a First for the UK

By Zach Warren |

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.’

Europe
White & Case Aims to Go 'Toe to Toe' with Magic Circle in London M&A Push

By Anna Ward |

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 received International Law Firm of the Year.

Asian Lawyer
The Asian Lawyer Announces Winners for 2017 Asia Legal Awards

By Asian Lawyer Staff |

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.

Seyfarth Shaw

Asian Lawyer
Seyfarth Shaw to Open Hong Kong Office

By Anna Zhang |

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.

Europe
Law Firms Look to Ireland Amid Concerns over London's Future

By James Booth |

Few foreign firms have previously ventured into Dublin's cozy legal market. With Brexit, that is likely to change.

Europe
Clifford Chance Uses Lockstep 'Super Points' to Reward Top Performers as Offices Face Profit Share Cuts

By Anna Ward |

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.

Asian Lawyer
Am Law 100/200: The Early Reports

By ALM Staff |

A sneak peek at 2016 financial results for some of the biggest firms in the United States.

(l-r) Daryl Lansdale, Peter Martyr and Andrew Giaccia.

Europe
It’s Official: Norton Rose Fulbright, Chadbourne & Parke Catch Merger Fever

By James Booth and Christine Simmons |

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.

Asian Lawyer
Following Three-Way Merger, CMS Eyes Asia Expansion

By Anna Ward |

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.

Dubai, UAE

Emerging Markets
Weil Gotshal Closing Dubai Office as Middle East Cutbacks Continue

By Rose Walker |

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.

A screenshot shows the website of Panamanian law firm Mossack Fonseca on April 4, 2016.

Latin America
Panama Papers Firm Founders Face Money Laundering Charges

By Brian Baxter |

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.

Emerging Markets
Why Are International Law Firms Pulling Out of Qatar?

By James Booth |

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.

Melbourne, Australia

Asian Lawyer
Herbert Smith Freehills Sues Partners Poached by White & Case

By Anna Zhang |

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.

Europe
KWM Partners Rejected Repeated Attempts to Raise Capital in Years Before Collapse

By Rose Walker |

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.

Europe
Is Big Law Finally Ready For Trans-Atlantic Consolidation?

By Chris Johnson |

It's time once again to examine whether the legal market will consolidate across the Atlantic.

Hogan Lovells' Washington, D.C., offices.

Asian Lawyer
Hogan Lovells Adds Asia-Focused Antitrust Partner

By Anna Zhang |

Former Steptoe & Johnson LLP partner Andrew Lee is based in Washington, D.C.

Asian Lawyer
Ashurst Hires Away Linklaters China Partner, Adds 2 in Australia

By Anna Zhang |

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.

Freshfields Bruckhaus Deringer

Europe
Freshfields Management Team Saw Aggregate 8% Pay Increase in 2015-16

By James Booth |

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.

Europe
Uber Chooses DLA, DWF and HSF

By Alex Berry |

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.

Emerging Markets
Clifford Chance to Close Qatar Base as Office Head Relocates to Dubai

Clifford Chance is pulling out of Qatar roughly six years after opening in the country.

Asian Lawyer
Global Lateral Hiring by The Numbers: A Look Behind the High 5-Year Attrition Rate

By Hugh A. Simons |

Half of lateral partner hires are failures. To be precise, 47 percent of laterals don’t stay more than 5 full years.

Hogan Lovells offices at 555 13th Street, NW in Washington, D.C. October 25, 2016.

Europe
Hogan Lovells Calls on Partners to Pay In £50m Extra Capital

By Rose Walker |

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.

Europe
Reed Smith Seals Hire of 50-Strong KWM Team

By Legal Week Staff |

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.

Europe
Currency Hedging: A Contrarian View

By Hugh A. Simons |

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.

Hong Kong

Asian Lawyer
Morgan Lewis Heads to Hong Kong After Orrick Raid

By Anna Zhang |

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.

Cape Town, South Africa

Emerging Markets
Norton Rose Fulbright Expands Again, This Time in South Africa

By Brian Baxter |

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.

Europe
As Currencies Suffer, Law Firms Try Hedging to Safeguard Revenues

By Nell Gluckman |

As the British pound falls, so does the reluctance of many firms to gamble on future exchange rates.

King & Wood Mallesons.

Europe
KWM Confirms Names of Partners Staying on After Europe Administration

By Rose Walker and Anna Zhang |

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.

Europe
KWM 2.0 Takes Shape

By Anna Ward |

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?

Europe
Olswang's Management Pay Drops Nearly 40 Percent as CMS U.K. Partners See Profits for Distribution Fall

By Anna Ward |

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.

Asian Lawyer
The Asian Lawyer Announces Finalists for 2017 Asian Legal Awards

By Asian Lawyer |

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.

The Petronas Towers and KL Tower in Kuala Lumpur

Asian Lawyer
Herbert Smith Freehills to open in Malaysia

By Rose Walker |

Kuala Lumpur will be the firm's center of Islamic finance practice.

Asian Lawyer
Alibaba Returns to Slaughter and May for $2.6B Retail Deal

By Anna Zhang |

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 London-based Europe projects head Jamieson Logie to Hong Kong.

Asian Lawyer
Sullivan & Cromwell Adds Asia Projects Practice in Hong Kong

By Anna Zhang |

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.

Europe
KWM Drops Suit Against Ex-Partner in Deal With Goodwin Procter

By Rose Walker |

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.

Latin America
Dentons Continues Latin America Push With Barbados, Monterrey Offices

By Monika Gonzalez Mesa |

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.

Asian Lawyer
Six More KWM Partners Find New Homes As Exits Continue

By Rose Walker |

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.

Europe
Private Equity-Backed UK Firm Spent Million Dollars on Failed Acquisition

By Chris Johnson |

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

Europe
Freshfields Offers Voluntary Redundancy to 180 London Secretaries

By James Booth |

Freshfields Bruckhaus Deringer has offered voluntary redundancy to all of its London secretarial staff, in a move that affects roughly 180 individuals.

Europe
Smith Gambrell Bolts on NY Boutique, Sails Into Europe

By Meredith Hobbs |

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.

Hong Kong.

Asian Lawyer
China's Haiwen to Open in Hong Kong

By Anna Zhang |

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.

Beijing, China.

Asian Lawyer
Han Kun Hires Former White & Case China Head

By Anna Zhang |

Li Xiaoming is the latest Chinese lawyer to move from an international firm to a domestic firm.

King & Wood Mallesons.

Asian Lawyer
King & Wood Mallesons Takes Two From JunHe, Eyes US-Related Work

By Anna Zhang |

King & Wood Mallesons has hired two corporate partners from top rival JunHe in Beijing.

Europe
Global Law Firms Face a World of Questions in 2017

By Chris Johnson |

International law firms and multinational companies face an uncertain 2017.

Dentons Signage in Atlanta.

Asian Lawyer
Dentons Rodyk Loses Real Estate Team, Gains Tax Veteran

By Anna Zhang |

A five-partner team departs for rival Rajah & Tann while Baker McKenzie Singapore cofounding partner Edmund Leow joins the firm as tax head.

Cadwalader offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM

Asian Lawyer
2 More Ex-Cadwalader China Partners Find New Homes

By Anna Zhang |

Former Asia managing partner Rocky Lee has joined King & Wood Mallesons while former Hong Kong partner Stephen Chan arrives at Dechert.

U.S. Attorney for the Southern District Preet Bharara.

Asian Lawyer
Chinese Nationals Charged With Hacking Firms to Steal M&A Info

By Mark Hamblett |

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."

Asian Lawyer
KWM China in Talks to Pick Up 10-Lawyer City Disputes Team

By Rose Walker |

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.

Asian Lawyer
KWM Latest: 40 Partners Have Quit Since October, City Rallies to Save Trainees

By Alex Berry and James Booth |

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.

Europe
Ashurst Partners Approve Move to Annual Profit Payout

By Legal Week |

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.

Dentons office in Washington, D.C.

Europe
9 Startups Backed By Dentons' NextLaw Labs in 2016

By Gabrielle Orum Hernández |

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.

Asian Lawyer
KWM Europe Announces Intention to Appoint Administrators

By Rose Walker |

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.

Sam72/Shutterstock

Europe
U.K. Firms Put Outside Money to Work

By Chris Johnson |

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.

Asian Lawyer
KWM China in Talks to Take On Multiple International Offices as Former Partners Are Emailed About Potential Tax Liabilities

By Anna Ward |

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.

King & Wood Mallesons.

Asian Lawyer
Opinion: Another Big Law Firm Stumbles

By Steven J. Harper |

The collapse of King & Woods Mallesons Europe shows that the central problem afflicting most troubled law firms remains the same.

Europe
DLA To Hire 6 King & Wood Mallesons Real Estate Partners

By Rose Walker |

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.

Europe
HSBC Adds Davis Polk to Global Panel

By Rose Walker |

Existing panel members Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters have all been reappointed alongside Norton Rose Fulbright.

Europe
Clyde & Co's Half-Year Revenue Jumps 17 Percent After International Expansion

By Anna Ward |

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.

Europe
Eversheds Eyes Further U.S. Tie-Ups After Sutherland Merger

By Anna Ward |

"This isn't the end of the journey," says Eversheds chief executive Bryan Hughes.

Europe
Eversheds and Sutherland Asbill & Brennan Partners Vote For Transatlantic Tie-up

By James Booth and Meredith Hobbs |

The pair will combine as Eversheds Sutherland on February 1.

Europe
Former Senior Partner Kon Resigns From KWM Europe as Firms Circle

By Rose Walker |

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.

Asian Lawyer
Dentons Bows Out of Race for KWM EUME Business

By Rose Walker |

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.

Europe
What Went Wrong at King & Wood Mallesons?

By Chris Johnson and Rose Walker |

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.

Europe
King & Wood Mallesons Europe Heading Towards Pre-Pack Administration

By Chris Johnson |

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.

Europe
IPO Funds Continue to Fuel Massive Growth at Publicly Listed UK Firm

By Chris Johnson |

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.

Alston & Bird's Bob Dole. Photo by: Michael Whetstine. Photo July 19, 2005.

Asian Lawyer
Alston & Bird Central to Trump's Taiwanese Phone Call

By Michael D. Goldhaber, The Global Lawyer |

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.

Europe
Special Report: The Road Ahead for Big Law

By Staff |

Eight significant developments in the past year, and what the future might hold.

Asian Lawyer
One Team, One Firm, One Fine Mess

By Georgina Stanley |

Why King & Wood Mallesons is bad news for verein advocates.

Europe
What Is Eversheds Up To?

By Nicholas Bruch |

A look at the rationale behind the proposed tie-up between U.K.-based Eversheds and Atlanta-based Sutherland.

Europe
A Big Day For Big Law Mergers

By Chris Johnson |

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.

In London, the houses of Parliament on the river Thames

Europe
Why A&O Won’t Be The Only U.K. Firm To Post Record H1 Results

By Chris Johnson |

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.

Richard Crump and Glenn Legge of Holman Fenwick Willan LLP

Europe
Houston's Legge Farrow Inks Merger With Leading UK Firm

By Chris Johnson |

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.

L-R Mark Wasserman and Bryan Hughes

Europe
Sutherland and Eversheds Are in Talks to Combine

By Meredith Hobbs |

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.

Europe
Addleshaw Goddard Partners Approve HBJ Gateley Scottish Merger

By James Booth |

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.

Europe
What's Next for King & Wood Mallesons' Embattled European Arm?

By Anna Ward |

Accountants, partnership experts and restructuring lawyers weigh in on KWM Europe's options.

Europe
Partners Size Up King & Wood Mallesons' Predicament

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

King & Wood Mallesons

Asian Lawyer
KWM Europe Feels Like A Slow-Motion Car Crash

By Chris Johnson |

Watching events unfold at King & Wood Mallesons’ European arm over the past few months has felt like watching a car crash in slow motion.

Asian Lawyer
Ashurst to Overhaul Partner Profit Distribution System in Move to Single Annual Payout

By Rose Walker |

Partners would receive a single profit payment each year, instead of the current quarterly system. A vote is scheduled for next month.

Joe Teig of Holland and Hart in Jackson, Wyoming

Asian Lawyer
Off the Grid: Big Firms and Their Far-Flung Offices

By Roy Strom |

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.

Europe
Partnership Expert: KWM Clawback 'Practically Impossible'

By Chris Johnson |

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.

Dorsey & Whitney

Asian Lawyer
Dorsey & Whitney Hong Kong Partner Joins Clyde & Co

By Anna Zhang |

Partner John Chrisman previously led Dorsey's Hong Kong office and the firm's India practice.

Asian Lawyer
In Wake of Election, Wilmer's Bill Lee Reveals Troubling Incident

By Susan Beck |

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.

Allan Dick, partner at Sotos in Toronto

Emerging Markets
Did Cassels Brock Have a Conflict in GM Canada's Restructuring? A Canadian Court Said Yes.

By Meghan Tribe |

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.

Dentons chairman Joe Andrew and CEO Elliott Portnoy

Latin America
Dentons Continues Global Expansion with Central America Tie-up

By Rose Walker |

World's largest firm set to add bases in Costa Rica, Panama and Nicaragua.

Europe
Arnold & Porter and Kaye Scholer Eye Post-Merger Expansion in London and Germany

By James Booth |

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.

Bangalore, India

Asian Lawyer
Dechert Helps Create Law in India That Could Save Lives

By Anna Zhang |

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.

Asian Lawyer
U.K.'s Fieldfisher Merges With Chinese Firm

By Anna Zhang |

The London-based firm combines with 12-partner boutique JS Partners under a Swiss verein structure.

Europe
Private Equity-Backed Law Firm Acquires Two Businesses

By Chris Johnson |

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.

Asian Lawyer
After Election, US Firms Ponder Asia Business

By Nell Gluckman and Anna Zhang |

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.

Europe
There's Something Different About the Arnold & Porter Kaye Scholer Merger

By Chris Johnson |

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.

Asian Lawyer
King & Wood Mallesons Europe Is Offered Asian Rescue Package—with Some Strings Attached

By James Booth |

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.

Factory workers at an electronics company in the production of automotive circuit system equipment in Jiangxi province in China.

Asian Lawyer
After Election, US Firms Ponder Asia Business

By Nell Gluckman and Anna Zhang |

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.

Europe
Dentons Targets Netherlands Merger and Germany Growth

By Anna Ward |

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.

Europe
Kirkland, White & Case Partners Join Dechert in London

By Alex Berry |

Kirkland & Ellis finance partner John Markland and White & Case private equity partner Ross Allardice are joining the U.S. firm’s City base.

Empire State Building

Europe
British Firms Still Trying to Conquer New York

By Chris Johnson |

The Magic Circle is making progress in New York. But the most lucrative deal work still eludes them.

Asian Lawyer
King & Wood Mallesons, Amid Partner Exodus, Seeks White Knight for SJ Berwin

By Anna Ward and Rose Walker |

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

Asian Lawyer
King & Wood Mallesons Europe Leaders Seeking Financial Help from Chinese Arm

By Rose Walker, 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.

Sydney, Australia.

Asian Lawyer
PwC Recruits Former Clifford Chance Partner Duo for Australian Arm

By Frances Ivens, Legal Week |

PwC has hired former Clifford Chance partners Mark Pistilli and Danny Simmons for its fast-growing Australian legal arm.

Koala on a tree with bush green background

Asian Lawyer
Hogan Lovells Poaches Clayton Utz Corporate Partner in Australia

By Anna Zhang |

Hogan Lovells has expanded its Australian offering by hiring longtime Clayton Utz partner Matthew Johnson.

Europe
Linklaters Partners Vote in Favor of Lockstep Reform

By James Booth |

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.

Melbourne, Australia.

Asian Lawyer
White & Case Poised to Open Two New Australian Offices

By Brian Baxter |

Europe
Move Over Silicon Valley: New U.K. Angel Fund Takes Aim at Big Law Technology

By Gabrielle Orum Hernandez |

These Big Law vet angel funders at Hamilton Ramsey may be a new fixture in the legal tech investment market.

Europe
Will British Law Firms Ever Be Able To Compete With U.S. Rivals For Partner Hires?

By Chris Johnson |

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.

Europe
Will a U.S. Law Firm Join the CMS Merger?

By Chris Johnson |

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.

Asian Lawyer
Duane Morris Opens Taiwan Office

Duane Morris has opened an office in Taipei, Taiwan, the firm announced Monday, further expanding its on-the-ground presence in Asia.

Asian Lawyer
King & Wood Mallesons Puts Brakes on Recapitalization as Four High-Profile Partners Quit

By Georgina Stanley |

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

Europe
Partners At Publicly Listed U.K. Law Firm Pocket $8 Million From Share Sale

By Chris Johnson |

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.

Arthimedes/Shutterstock.com

Asian Lawyer
The Asia 100: Chinese Firms See Dramatic Growth

By Anna Zhang |

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.

Asian Lawyer
Foley Hoag Launches U.N. Practice Group

By Michael D. Goldhaber |

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.

Europe
Addleshaw Goddard Restarts Salary Reviews and Profit Distributions After Post-Brexit Delay

By James Booth |

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.

Asian Lawyer
Will More Law Firms Look to Joint Ventures For China Business?

By Anna Zhang |

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.

Asian Lawyer
Why Are Global Firms Less Profitable?

By Nicholas Bruch |

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.

Ho Chi Minh City, Vietnam.

Asian Lawyer
Korea's Yoon & Yang Opens Office in Vietnam

By Anna Zhang |

The four-lawyer office in Vietnam's Ho Chi Minh City will be led by partner and Southeast Asia practice head Zunu Lee.

Asian Lawyer
King & Wood Mallesons Sets Deadline for Paying Out 2014-15 Profit Distributions

By Rose Walker |

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.

Melbourne, Australia.

Asian Lawyer
Melbourne Office of Gadens Will Not Be Part of Dentons-Gadens Merger

By Rose Walker |

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.

Hong Kong skyline

Asian Lawyer
Linklaters Looks to Boost US Capital Markets Practice in Asia

By Anna Zhang |

Linklaters has relocated London partner Patrick Sheil to Hong Kong to boost its U.S. capital markets offering in Asia.

Europe
U.K. Risks Post-Brexit Split As Scotland Considers New Independence Referendum

By Chris Johnson |

Continental Breakfast: your daily update on what’s happening in Europe.

Europe
CMS UK leaders to Retain Roles in Post-Merger Management Team as CMS partners avoid lock-in

By Rose Walker |

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.

Europe
Lloyds Cuts Core Legal Panel from 10 to Eight Firms

By Alex Berry and Rose Walker |

Lloyds Banking Group has finalized its U.K. legal panel review, with DLA Piper and Norton Rose Fulbright losing their places on the roster.

Asian Lawyer
The Asian Lawyer Announces Finalists for Emerging Markets Awards 2016

By The Asian Lawyer |

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.

Europe
Partners at UK's CMS, Nabarro and Olswang Vote to Approve Three-Way Merger

By Legal Week staff |

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.

Asian Lawyer
King & Wood Mallesons Looks to an Aussie Transplant for Europe Turnaround

By Rose Walker |

'Australians take no prisoners': Partners react to the new leadership choice.

Emerging Markets
Two U.S. Law Firms Look to a Big New Year in Israel

By Michael D. Goldhaber |

A new antitrust law is likely to provide plenty of work for the only two Am Law 200 firms with offices in Tel Aviv.

Asian Lawyer
Minter Ellison Launches New Consultancy Offering With Four Hires

By Frances Ivens, Legal Week |

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.

Europe
Olswang Asks Partners to Sign CMS-Nabarro Merger Lock-In Agreement

By James Booth |

Partners have been given until Monday to decide whether to commit to the proposed merger with CMS and Nabarro, Legal Week has learned.

Europe
Linklaters Partners to Vote on Lockstep Changes at November Conference

By Anna Ward |

The vote will end months of discussion within the firm about changes to the compensation system.

Europe
King & Wood Mallesons Ends Six Month Leadership Search With A Controversial Choice

By Chris Johnson |

King & Wood Mallesons has elected global corporate, M&A and securities co-head Tim Bednall to be its new European managing partner.

Europe
Cadwalader Loses Two Lawyers, But Forges French Alliance

By Christine Simmons |

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.

Emerging Markets
Dechert Expands Saudi Arabia Presence With Riyadh Office

By Lizzy McLellan |

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.

Asian Lawyer
U.S Firms Abroad: An Interactive Road Map

By Meghan Tribe |

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).

Europe
Big British Firms Discussing Three-Way Combination

By Rose Walker and Anna Ward |

CMS, Olswang and Nabarro are weighing up a three-way deal that could create a firm with revenues of more than $1 billion.

Asian Lawyer
Cadwalader Latest Big Firm to Close Offices in China

By Julie Triedman |

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.

Europe
British, European Firms Struggle In Global 100 Rankings

By Chris Johnson |

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.

Europe
The Price of Money: Currency Markets and Global Law Firms

By Nicholas Bruch |

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?

Asian Lawyer
The Forecast for Big Law in 6 Key Markets

By Nicholas Bruch, senior legal analyst, ALM Intelligence |

International firm leaders are adjusting expectations and taking a more nuanced approach to global expansion.

Europe
Brexit Aftermath: What's in Store for Big Law

By Staff |

The U.K.'s proposed departure from the EU is already shaking up the British legal market.

Asian Lawyer
Interactive Chart: U.S. Firms Abroad

By Meghan Tribe |

American law firms have established themselves all over the globe, but some markets are more vibrant than others, our data shows.

Europe
Survey Reveals the World's Best Legal Brands

By Jennifer Henderson |

Baker & McKenzie is number one again, and the Magic Circle is rising in the Acritas Global Brand Index.

VanderWolf-Images/iStockphoto

Europe
What Do EU Tax Crackdowns Mean for Irish Law Firms?

By Chris Johnson |

Ireland's favorable tax environment has long been a boon for its biggest law firms. That might be changing.

Asian Lawyer
The Global 100: Rankings and Analysis of the World’s Biggest Firms

Top-grossing law firms saw slow and steady growth over the past year, with revenues and profits increasing. But challenges abound.

Europe
Russian Legal Market Shows Signs of Life as Two US Firms Tout Hires

By Chris Johnson |

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.

Toronto

DLA Piper's Canadian Arm Bolts on Toronto Firm

By Julie Triedman |


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.

Silicon Valley. Wikimedia (handout)

Asian Lawyer
Chinese IP Firm Opens in Silicon Valley With Samsung Hire

By Rebecca Cohen |

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.

Singapore.

Asian Lawyer
Singapore Duo Become Latest to Quit Ashurst as Exits Hit Six in 24 Hours

By Rose Walker |

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.

Europe
Allen & Overy Plots More New York Expansion after Five-Partner Team Hire

By Rose Walker |

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.

Europe
Rise Of The Machines Continues As Another Top Firm Signs AI Deal

By Chris Johnson |

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.

Europe
Dechert Offers Free Brexit Advice to AIG Policyholders

By Lizzy McLellan |

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.

Vancouver, British Columbia

Europe
Vancouver Latest Locale for Norton Rose Fulbright's Expansion Plans

By Julie Triedman |

Norton Rose Fulbright, continuing its five-year expansion across Canada, will combine with Vancouver-based Bull, Housser & Tupper, both firms announced Monday.

Europe
U.K. Government Spends Quarter Million On Brexit Lawyers In Two Months. So What.

By Chris Johnson |

Continental Breakfast: Your Daily Update on What’s Happening in Europe.

Asian Lawyer
Exclusive Rankings: China's Biggest Law Firms

By Anna Zhang |

The China 35, our annual financial survey of the highest-grossing Chinese law firms, finds more firms breaking the $200 million mark.

Europe
'A Poisoned Chalice': Candidates Emerge for U.K. Leadership Roles at King & Wood Mallesons

By Rose Walker |

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.

Europe
U.K. Law Firm Profits Fall…And Next Year Is Unlikely To Be Any Better

By Chris Johnson |

Continental Breakfast: Your daily update on what’s happening in Europe.

Europe
UK Top 50 Firms Achieve Sixth Year of Revenue Growth as Partner Profits Stall

By Georgina Stanley |

Total revenue for the 50 highest-grossing British firms rose 4.5 percent. Translating that increase into bottom-line gains proved more difficult.

Europe
Mayer Brown Launches Risk Assessment Tool to Quell Uncertainty Around Brexit Vote

By Gabrielle Orum Hernández |

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.

Emerging Markets
Dentons Taps Local Association for New Iran Launch

By Rose Walker |

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.

Europe
King & Wood Mallesons Senior Partner Kon Steps Down As Firm Kicks Off Dual Management Election

By Rose Walker |

Stephen Kon will remain at the firm as a partner; his replacement will be in position by late October

Europe
After Review, British Firm Slashes its New York Partnership

By Rose Walker |

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.

Sydney, Australia.  Credit: africanpix/iStockphoto.com

Asian Lawyer
White & Case Raids Herbert Smith Freehills for Australia Launch

By Frances Ivens |

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.

Europe
Dentons' European Partners Asked to Cough Up More Capital

By Rose Walker |

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.

Europe
Haynes and Boone Closes Merger, Opens London Office

By Brenda Sapino Jeffreys |

Dallas-based Haynes and Boone merged today with Curtis Davis Garrard of London, giving the firm a London office and 20 lawyers.

Europe
Publicly Traded British Law Firm Sees Gross Revenue Growth

By James Booth |

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.

Latin America
Dispute Involving Dentons' Mexican Affiliate Continues

By Julie Triedman |

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.

Chris Johnson. May 10, 2016. Photo by David Woolfall. (FREELANCE - OK TO USE BY ALL ALM PUBLICATIONS)

Europe
Defying the Odds, a British Firm Thrives in the U.S.

By Chris Johnson |

British firm Clyde & Co has had surprising success in the U.S. legal market.

Asian Lawyer
Struggling Australian Firm Expects More Financial Losses

By Alex Berry |

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.

Europe
Labour Party Leadership Contender Threatens To Block Brexit

By Chris Johnson |

Continental Breakfast: Your Daily Dispatch from Europe

Britain and EU flags

Europe
Political Uncertainty Stalls Hunton & Williams' UK Tie-Up Talks

By James Booth |

Merger talks between Hunton & Williams and British firm Addleshaw Goddard have slowed following the U.K.'s June vote to leave the European Union.

Sydney, Australia.

Asian Lawyer
King & Wood Mallesons Becomes Latest to Target Diversity in Australia With Recruitment Tool

By Frances Ivens |

King & Wood Mallesons has become the latest international firm in Australia to introduce a recruitment tool that is designed to improve diversity in hiring.

Shanghai.

Asian Lawyer
Chinese Firm Jun He Recruits Two New Partners

By Anna Zhang |

China’s Jun He has recruited two new partners in its Beijing and Shanghai offices.

Asian Lawyer
Slaughter and May Disputes Head Sees Continued Growth Post-Brexit

By Anna Ward |

"People will continue to litigate in London," says practice leader Deborah Finkler.

Baker & McKenzie offices in New York.

Asian Lawyer
Baker & McKenzie Posts Big Gains in Revenue, Profits

By Anna Ward, Legal Week |

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.

Europe
More London-based Partners Forced To Wait For Profits As Another Firm Delays Distributions

By Chris Johnson |

Continental Breakfast: Your Daily Dispatch from Europe

Europe
Ashurst Delays Quarterly Profit Payouts After Disappointing Results

By Rose Walker |

Partners have still taken monthly drawings, but the U.K. firm has held back the quarterly profits payment which was due in August.

Asian Lawyer
DLA Piper Ends Indonesia Alliance

By Anna Ward |

The firm has confirmed that its three-year alliance with Jakarta-based Ivan Almaida Baely & Firmansyah will soon end.

Europe
British Firm to Join Police Effort to Tackle Cybercrime

By Alex Berry and Rose Walker |

Mishcon de Reya has a lead role on a new police initiative in London to recover assets stolen by online fraudsters.

Europe
White & Case’s UK LLP Posts 39 Percent Jump in Revenue

By Anna Ward |

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.

Asian Lawyer
White & Case Closes Office in Kazakhstan

By Frances Ivens |

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.

Europe
More Than 80 Percent of Partners in U.K. Expect to See Law Firm Job Cuts Because of Brexit

By Frances Ivens |

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.

Europe
"There Are Warning Signs Out There": A Q&A With Giles Murphy

By Georgina Stanley |

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.

Europe
King & Wood Mallesons Halts Profit Distributions After Recapitalization Vote

By Rose Walker, Legal Week |

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.

Europe
How the U.K.'s Biggest Law Firm LLPs Measure Up

By Georgina Stanley |

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.

jon11/iStockphoto

Asian Lawyer
Japan's Mori Hamada to Merge With Thai Firm Chandler & Thong-ek

By Anna Zhang |

The deal is expected to be completed in January 2017, with the merged Bangkok office operating under the new name Chandler MHM Ltd.

Latin America
DLA Piper in Talks With Chile Firms as Latin America Expansion Drive Continues

By James Booth |

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.

London, UK

Europe
Quinn Emanuel Raids Covington to Launch New London Practice

By Rose Walker |

The U.S. litigation firm has hired Robert Amaee from Covington & Burling to launch a new practice next month.

Europe
Clifford Chance Hires in New York, U.K. Interest Rates Drop, and More

By Chris Johnson |

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.

Europe
External Investment in U.K. Law Firms Fuels Massive Revenue Growth

By Chris Johnson |

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.

Europe
Who Benefits From Brexit? The Legal Industry, Of Course

By Chris Johnson |

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.

Europe
Ashurst Modifies Partner Pay System After Senior Exits

By Chris Johnson |

Partners have voted to extend the firm's lockstep and introduce a bonus pool in an attempt to better attract and retain top talent.

Ankara, Turkey.

Europe
DLA Piper's Former Turkish Arm YKK Raided by Police

By James Booth |

In the aftermath of a failed coup in Turkey, four lawyers at Yuksel Karkın Kucuk were taken into custody, then released.

Ankara, Turkey.

Asian Lawyer
Former DLA Piper Turkish Partner Firm Raided by Police in Aftermath of Coup

By James Booth |

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 shattered glass

Europe
Letter From London: Capital Demise Is Pure Brexit Speculation

By Chris Johnson |

Brexit may be good news for such European cities as Frankfurt and Paris. But don't write off London.

Asian Lawyer
Asia Sees Huge Jump in Pro Bono Hours

By Anna Zhang |

A recent TrustLaw survey found significant growth in pro bono effort from lawyers based in China.

Tokyo Bay, with the Rainbow Bridge and Tokyo Tower visible.

Asian Lawyer
Squire Patton Boggs Recruits Tokyo Partner

By Anna Zhang |

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.

Emerging Markets
Global Pro Bono on the Rise, TrustLaw Survey Finds

By MP McQueen |

Firms report that refugee, immigration and asylum matters are a major focus of their pro bono work.

Europe
Top U.K. Law Firms Criticized By Government Over Corporate Collapse

By Chris Johnson |

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.

Europe
Olswang in Merger Discussions with CMS

By Chris Johnson |

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.