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  • February 14, 2007 | International Edition

    Germany leads way as Weil unveils '06 results

    The German practice of Weil Gotshal & Manges has emerged as one of the firm's best-performing offices after the New York giant revealed modest firmwide financial growth for 2006. The Manhattan firm saw turnover increase by just 4% across the firm to reach $1.06bn (£544m) - up from a mark of $1.02bn (£524m) for the previous 12-month period. Average profits per partner also rose by around 4%, up from $1.85m (£950,610) to a new figure of $1.95m (£1m).

    1 minute read

  • February 14, 2007 |

    Germany leads way as Weil unveils '06 results

    The German practice of Weil Gotshal & Manges has emerged as one of the firm's best-performing offices after the New York giant revealed modest firmwide financial growth for 2006. The Manhattan firm saw turnover increase by just 4% across the firm to reach $1.06bn (£544m) - up from a mark of $1.02bn (£524m) for the previous 12-month period. Average profits per partner also rose by around 4%, up from $1.85m (£950,610) to a new figure of $1.95m (£1m).

    1 minute read

  • February 7, 2007 |

    Freshfields and A&O take key roles on €24bn European energy merger

    Magic circle firms Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have scooped the main roles on the latest European energy merger as the two biggest Dutch utility groups Essent and Nuon tie the knot in a €24bn (£16bn) deal.

    1 minute read

  • February 6, 2007 |

    Magic circle duo land Dutch energy mega-merger

    Freshfields Bruckhaus Deringer and Allen & Overy (A&O) have scooped lead roles on the latest major merger deal in the European energy sector as Dutch utilities giants Essent and Nuon tie the knot in a €24bn (£16bn) deal. Freshfields is advising longstanding client Essent on the merger - the largest-ever M&A deal in the Netherlands - with Amsterdam-based corporate partner Steven Perrick and competition partner Winfred Knibbeler heading the team.

    1 minute read

  • February 1, 2007 |

    Magic circle duo follows Wall Street lead to match $160k pay benchmark

    Allen & Overy (A&O) and Clifford Chance (CC) have raised their US associate salaries to keep pace with the Manhattan pay war, with magic circle rivals Freshfields Bruckhaus Deringer and Linklaters poised to follow.A&O and CC have announced they are raising salaries for first-year lawyers to the new benchmark of $160,000 (£81,000) and lifting rates across the board, with senior associates in line to pocket around $280,000 (£142,000).

    1 minute read

  • January 31, 2007 |

    First among equals

    The news that Freshfields Bruckhaus Deringer is to shed some 50 or so partners in the next year may have surprised a few at the firm's Fleet Street HQ, but at Linklaters the shock was that its arch rival had not acted sooner. Over at Silk Street, they have long shed the softly, softly approach to partnership that used to characterise the profession and managing partner Tony Angel has taken the firm in hand with obvious results.

    1 minute read

  • January 26, 2007 |

    CC and A&O match New York pay-rises

    Allen & Overy and Clifford Chance have raised their US associate salaries as the Manhattan pay war gathers pace.

    1 minute read

  • January 25, 2007 |

    More NY firms match pay rises

    A broad spread of top US firms have jumped on the New York bandwagon to raise starting lawyer salaries to the newly-established benchmark of $160,000 (£81,000).Fried Frank Harris Shriver & Jacobson, Cleary Gottlieb Steen & Hamilton and Milbank Tweed Hadley & McCloy have become the latest to follow suit, while Skadden Arps Slate Meagher & Flom is also understood to have matched the rate.

    1 minute read

  • January 25, 2007 |

    Simpson Thacher boosts NQ pay by 10%

    UK firms look set to come under renewed pressure to boost salaries following news that US leveraged buy-out leader Simpson Thacher & Bartlett is raising its newly-qualified salaries by 10% to $160,000 (£81,000).The firm-wide move is expected to stoke pay pressure in the US as it sets a new bar for associate pay rates at New York's leading firms, which previously sat at $145,000 (£73,400).

    1 minute read

  • January 25, 2007 |

    EHYA reshuffles board as new member joins

    The European High Yield Association (EHYA) has appointed Simpson Thacher & Bartlett corporate partner Nicholas Shaw to its board. Among several changes made at EHYA's board meeting this week, Latham & Watkins capital markets partner Bryant Edwards, who was the body's chairman, stood down to take a vice-chair role. Insight Investment's Craig Abouchar took over as chairman.

    1 minute read