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  • February 11, 2008 |

    Dechert joins double-digit club for '07 results

    Dechert has unveiled robust financial results for 2007, with the Philadelphia-based law firm notching up double-digit increases in revenue and profits per equity partner (PEP). Dechert saw total fee income rise by 15% in 2007 to reach $836.3m (£428.7m) - marking the third consecutive year in which revenues have increased by more than 10%.

    1 minute read

  • January 31, 2008 | International Edition

    Herbert Smith wins trophy role on hedge fund disclosure code

    Herbert Smith's hedge fund practice has received a profile boost after advising a group of leading UK hedge funds on the formation of a code of industry guidelines aimed at introducing more transparency.The top 10 City firm advised a working group on the creation of the high-profile transparency code, with investment funds partner Nigel Farr leading the team.The Hedge Fund Working Group - which includes hedge fund managers such as Cheyne Capital, Lansdowne Partners, RAB Capital and Man Group - unveiled the code last week as part of a report into self-regulation of the industry.

    1 minute read

  • January 31, 2008 |

    Herbert Smith wins trophy role on hedge fund disclosure code

    Herbert Smith's hedge fund practice has received a profile boost after advising a group of leading UK hedge funds on the formation of a code of industry guidelines aimed at introducing more transparency.The top 10 City firm advised a working group on the creation of the high-profile transparency code, with investment funds partner Nigel Farr leading the team.The Hedge Fund Working Group - which includes hedge fund managers such as Cheyne Capital, Lansdowne Partners, RAB Capital and Man Group - unveiled the code last week as part of a report into self-regulation of the industry.

    1 minute read

  • January 31, 2008 |

    CLLS signs up LG and Trowers & Hamlins

    Two new London law firms have signed up to the City of London Law Society (CLLS), which now has 51 top practices on its books.City outfits LG and Trowers & Hamlins are the latest firms to join the representative body after signing up during the last 12 months.The newly-expanded body currently represents 35 of the UK's top 50 law firms and five out of the top 20 US firms in the City, including Reed Smith, Dechert and Skadden Arps Slate Meagher & Flom, as well as a number of boutiques. It means the body now represents more than 13,000 solicitors overall.

    1 minute read

  • January 25, 2008 |

    Proskauer boosts London with McDermott hire

    New York's Proskauer Rose has hired financial services William Yonge as partner for its newly-opened London office, taking him from McDermott Will & Emery's financial services team. Yonge has been at McDermott since 2003 and the firm made him partner in 2006. Before that he was a senior associate at Dechert. At McDermott he has been part of its financial services & funds group and has advised on the structure and establishment of hedge funds and private equity funds, as well as on regulatory issues.

    1 minute read

  • January 18, 2008 |

    US Briefing: Law firm leaders gloomy in States for '08

    Managing partners nationwide expect a weak 2008 to bring fewer equity partner promotions, longer hours and higher rates, according to a new survey released Wednesday. Citi Private Bank's Managing Partner Confidence Index found that overall confidence fell nearly 20% in 2007, dropping by larger amounts each quarter. Top law firm consultant Bradford Hildebrandt, whose consulting firm will release its own 2008 forecast soon, says the blue mood is probably going to prove justified.

    1 minute read

  • January 16, 2008 |

    London lawyers fare well in US firms' latest partnership promotions round

    London lawyers have made up around 10% of US firms' overall partnership additions in the latest promotions round. The latest firms to announce their promotions are Dechert, Jones Day and McDermott Will & Emery, which between them have named 98 lawyers as partners worldwide, although only nine of those are London based.

    1 minute read

  • January 16, 2008 |

    Restructuring leads US lateral round in early '08

    The first two weeks of 2008 already have marked an abundance of lateral hires among partners making a switch for better opportunities - or so they hope - at some of the US' biggest law firms, writes the National Law Journal. Each January, law firms issue a deluge of announcements that tout the successes of incoming lateral partners wooed from competitors. The first month of the year is particularly popular for such moves, since those lawyers have closed out the previous year at their old firms and can start fresh at their new firms.

    1 minute read

  • November 29, 2007 |

    The firm that came in from the cold

    Dimitry Afanasiev would like to get a few things straight. Russian president Vladimir Putin is not a dictator and not everyone with money in Russia is a crook. Fed up with what he sees as the West's - and in particular America's - media bias against Russia, the 38-year-old managing partner of Moscow's fast-rising Egorov Puginsky Afanasiev & Partners becomes animated.

    1 minute read

  • November 21, 2007 |

    Dechert scores role on long-running RUSAL dispute

    Dechert's City arm has been instructed in place of Stephenson Harwood in a long-running dispute between two Russian businessmen for a 20% stake of aluminium giant RUSAL.

    1 minute read