Law giants hit by M&A drought July 5, 2010 ■ Linklaters’ revenues down by 8.8 per cent ■ Allen & Overy’s revenues contract by 4 per cent ■ Clifford Chance is set to reveal a 5 per cent sales drop THE UK’s largest law firms have suffered a blow from a two-year M&A drought that has forced them to look beyond Britain’s shores for [...]
The head of the world’s largest law firm reveals his plans for expansion December 5, 2010 The new chairman of Baker & McKenzie has a tricky hand to play. Eduardo Leite, who began his three-year term at the beginning of last month, may lead over 10,000 staff (including 4,000 lawyers) spread over 40 countries in 68 offices. And the firm may have produced the biggest revenues in the industry this year [...]
The head of the world’s largest law firm reveals his plans for expansion December 5, 2010 The new chairman of Baker & McKenzie has a tricky hand to play. Eduardo Leite, who began his three-year term at the beginning of last month, may lead over 10,000 staff (including 4,000 lawyers) spread over 40 countries in 68 offices. And the firm may have produced the biggest revenues in the industry this year [...]
CITY MOVES | WHO’S SWITCHING JOBS September 14, 2010 JP Morgan Asset Management The bank’s asset management arm has poached Nick Gartside from Schroders to join as international chief investment officer of fixed income, effective from December. Gartside joined Schroders in 2002 and was most recently the firm’s head of global fixed income. His responsibilities on Schroders’ ISF strategic bond, ISF global bond and [...]
CITY MOVES | WHO’S SWITCHING JOBS September 14, 2010 JP Morgan Asset Management The bank’s asset management arm has poached Nick Gartside from Schroders to join as international chief investment officer of fixed income, effective from December. Gartside joined Schroders in 2002 and was most recently the firm’s head of global fixed income. His responsibilities on Schroders’ ISF strategic bond, ISF global bond and [...]
Lawyers billed $75bn last year with Baker top of table July 7, 2010 BUSINESSES paid almost $75bn (£49.3bn) for legal services last year, marking a fall from the previous year as clients tightened their spending. According to annual research conducted by Legal Business magazine, during the 2009 financial year, law firms across the globe collectively billed clients $74.6bn, marking a six per cent drop from the previous year. [...]
Lawyers are still taking home big salaries despite a dip in revenues August 30, 2010 REVENUES at the top law firms have declined dramatically since the boom years, but senior lawyers at the UK’s top 100 firms are still taking home record salaries. According to an annual survey for Legal Business magazine, released tomorrow, combined revenue at the UK’s top law firms came in at £14.18bn in 2009-10. That was [...]
LAW FIRM OF THE YEAR | September 6, 2010 THESE are interesting times for the City’s law firms. The coming years promise massive changes, and the firms that make our shortlist are those which are positioning themselves to take advantage of the opportunities. Whether it’s looking at promising practice-areas, merging or looking towards the new markets, law firms are prepared. Don’t miss the City [...]
LAWYER OF THE YEAR | The Shortlist September 5, 2010 OUR list of lawyers reflects the breadth of legal work in the City, from the head of a firm that has recently merged, to one who advised the government on the banking bailout, the chief of the financial regulator and a pace-setting female head of a flourishing boutique firm. Hard to compare? Yes, but they show [...]
Linklaters loses top M&A spot as law industry struggles January 6, 2010 LAW firm Skadden, Arps, Slate, Meagher & Flom overtook UK rival Linklaters LLP to advise on the highest value of global mergers and acquisitions last year. London-based Linklaters LLP fell from first to fifth, according to data collected by Bloomberg. All of the top five firms advising on mergers and acquisitions worked on fewer deals [...]