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  • March 18, 2010 |

    Shearman becomes latest firm to revamp pay for UK associates

    Shearman & Sterling is to ditch associate lockstep for all of its lawyers in the UK, Asia and the Middle East in favour of a merit-based pay system. The new system, which will be effective from 1 May, will see all associates assessed twice a year against a number of criteria including client relationships, legal and technical capabilities and interpersonal skills.

    1 minute read

  • March 17, 2010 | International Edition

    Pharmaceuticals: The game changer

    The pharmaceutical industry is facing uncertain times as a once-lucrative business model buckles under a globalising world economy. Charlotte Edmond reports on the companies and lawyers battling to secure all-important intellectual property in a rapidly changing market

    1 minute read

  • March 17, 2010 |

    White & Case City base posts 20% drop in revenues for 2009

    White & Case's London office has emerged as the worst performing City arm of a US law firm in 2009 - a year in which results varied significantly between firms. White & Case saw London revenues plunge by just under 20% to $197m (£130m) during the 2009 calendar year, with profits per equity partner (PEP) dropping by 11% to $1.32m (£872,000).

    1 minute read

  • March 17, 2010 |

    Pharmaceuticals: The game changer

    The pharmaceutical industry is facing uncertain times as a once-lucrative business model buckles under a globalising world economy. Charlotte Edmond reports on the companies and lawyers battling to secure all-important intellectual property in a rapidly changing market

    1 minute read

  • March 15, 2010 |

    Davis Polk posts 10% profits hike as elite NY trio unveil 2009 financials

    Davis Polk & Wardwell has posted a 10% increase in profits per equity partner (PEP) for 2009, marking the firm out as one of the strongest performers among New York's elite law firms, reports The Am Law Daily. The firm also saw revenues rise by 7%, which represents the highest percentage growth reported so far among New York firms.

    1 minute read

  • March 1, 2010 |

    Dewey and Debevoise post double-digit revenue drops for 2009

    Dewey & LeBoeuf and Debevoise & Plimpton have both posted double-digit falls in revenue for 2009, reports The Am Law Daily. Dewey saw an 11% drop in revenue to $913.9m (£610.6m) as turnover fell below the billion-dollar mark that the firm passed in 2008, while profits per equity partner (PEP) moved up by 3.4% to $1.6m (£1.1m).

    1 minute read

  • February 23, 2010 |

    Quinn Emanuel seals hire of A&O partner for Germany office launch

    Quinn Emanuel Urquhart Oliver & Hedges is set to launch its second office in Europe with the hire of a German partner from Allen & Overy (A&O). The US litigation firm has chosen to set up its first continental European office in Mannheim, Germany, with the hire of local A&O patent litigation partner Marcus Grosch, who will join Quinn Emanuel along with a team of associates

    1 minute read

  • February 19, 2010 |

    Shearman and Linklaters strike gold on billion-dollar mining IPO

    Shearman & Sterling and Linklaters have taken lead roles on Barrick Gold's spin-off of its African mining assets and subsequent listing on the London Stock Exchange. Canada's Barrick, the largest gold miner in the world, will list its Tanzanian mining assets as African Black Gold (ABG) with a pricing set to take place in the next fortnight.

    1 minute read

  • February 16, 2010 |

    Shearman sees revenues fall by more than 12% in London

    Shearman & Sterling's London office has posted a drop in fee income of more than 12% for the 2009 financial year. The US firm's City arm, which is led by managing partner Anthony Ward, saw revenues fall by 12.4% to $99.7m (£63.6m) in 2009, compared to $113.8m ($72.5m) in 2008 and $132.6m (£84.5m) in 2007.

    1 minute read

  • February 12, 2010 |

    Simpson Thacher passes on City promotions as six make partner in NY

    Simpson Thacher & Bartlett has announced its 2010 promotions, with the Wall Street leader making up six new partners in its New York office. Five of the promotions come in the firm's corporate practice, with the litigation practice gaining the remaining partner. All six promotions are effective from January 2010.

    1 minute read