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  • February 5, 2008 |

    ...Legal Week Lunchbox 5/02/08...

    The five most popular articles on legalweek.com today; the pick of the day's posts; and AmLaw's Richard Lloyd on White & Case's City success story

    1 minute read

  • February 4, 2008 |

    Keeping up with the White & Cases?

    At the end of January, White & Case and Weil Gotshal & Manges confirmed eye-catching 2007 financial results for their London offices.White &…

    1 minute read

  • January 31, 2008 | International Edition

    Elite US firms struggle to attract senior partner hires in the City

    Lateral partner hires among elite US firms in London have slowed during the last year, according to research from Legal Week, which illustrates the uphill struggle faced by US firms attempting to recruit leading names in the City.The survey of hiring trends at 23 US firms in London found they made a total of 65 lateral hires in 2007, up from 58 the previous year but down on 2005, when hiring activity peaked and 70 lawyers were recruited.Significantly, some of the US' top firms saw a fall in partner-hiring activity with 10 firms, including Latham & Watkins, Kirkland & Ellis, Weil Gotshal & Manges and Baker & McKenzie, all reporting a drop in lateral appointments.

    1 minute read

  • January 31, 2008 |

    Elite US firms struggle to attract senior partner hires in the City

    Lateral partner hires among elite US firms in London have slowed during the last year, according to research from Legal Week, which illustrates the uphill struggle faced by US firms attempting to recruit leading names in the City.The survey of hiring trends at 23 US firms in London found they made a total of 65 lateral hires in 2007, up from 58 the previous year but down on 2005, when hiring activity peaked and 70 lawyers were recruited.Significantly, some of the US' top firms saw a fall in partner-hiring activity with 10 firms, including Latham & Watkins, Kirkland & Ellis, Weil Gotshal & Manges and Baker & McKenzie, all reporting a drop in lateral appointments.

    1 minute read

  • January 30, 2008 |

    US firms post positive PEP growth in the City

    Three US firms have become the first to announce their 2007 financial results for London, posting strong rises in profits per equity partner (PEP) despite relatively slow turnover growth.New York duo Weil Gotshal & Manges and White & Case and national US firm Bingham McCutchen all unveiled their UK results earlier this month.

    1 minute read

  • January 30, 2008 |

    Fees up 20% as Willkie Farr unveils '07 results

    Willkie Farr & Gallagher has announced its financial results for 2007, with the New York-based firm announcing double-digit growth in both turnover and profits. Willkie Farr posted a 20% increase in global turnover for the last 12 months, with revenues rising from $502.3m (£252.7m) last year to $602.9m (£303.3m).

    1 minute read

  • January 23, 2008 |

    Commentary: Lovells dusts off 'business as usual' mantra once more

    Lovells' coping strategy for dealing with the loss of high-profile partners is well honed. Sure enough, the firm wasted little time in stressing the amicable nature of Hugh Nineham's impending departure for McDermott Will & Emery.

    1 minute read

  • January 22, 2008 |

    US firms losing merger fever - Hildebrandt report

    Merger and lateral activity among US law firms slowed slightly in 2007 but despite the darkening financial horizon, many in the industry expect the attorney shuffle to retain energy in 2008, writes the National Law Journal. According to consultancy group Hildebrandt International, mergers involving US law firms totaled 55 in 2007 - comprising 23 in the first quarter, 14 in the second quarter, 11 in the third quarter and just seven in the fourth quarter.

    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 10, 2008 | International Edition

    Cadwalader next to wield axe as 35 lawyers go in US

    Cadwalader Wickersham & Taft has laid off 35 lawyers, becoming the latest major US law firm to suffer the effects of the credit crunch. In a statement released today (10 January) the firm blamed "unexpected and persistent volatility" in the financial markets for the redundancies, saying disruption in the capital markets was affecting many of its clients.

    1 minute read