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  • March 4, 2008 |

    ...Legal Week Lunchbox 4/03/08...

    The five most popular articles on legalweek.com today, the pick of the day's posts; and Bar chairman Timothy Dutton QC talks to Legal Village's Mike Semple Piggot

    1 minute read

  • March 3, 2008 |

    Dechert hands lay-off notices to unlucky 13

    Dechert has became the latest US firm to tighten its belt after issuing lay-off notices to 13 associates in its finance and real estate (FRE) practice, writes the Legal Intelligencer. Shortly after the firm confirmed the planned lay-offs, Dechert chairman Barton Winokur issued a statement on Friday (29 February) saying the firm would then offer the 13 associates positions in other practice groups.

    1 minute read

  • March 2, 2008 |

    ...Legal Week Lunchbox 3/03/08...

    The five most popular articles on legalweek.com today, plus the pick of the day's posts; a new Career Clinic dilemma; and more

    1 minute read

  • February 14, 2008 |

    US quartet post healthy revenue rises for 2007

    US firms Sidley Austin, Nixon Peabody, Dechert and King & Spalding have all posted positive results for 2007.Top 10 firm Sidley Austin announced an 11% increase in revenues to reach $1.39bn (£709m) compared to $1.25bn (£638m) in 2006, while profits per equity partner (PEP) grew by 5.7% from $1.31m (£667,000) to $1.38m (£704,000).

    1 minute read

  • 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