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  • December 8, 2009 |

    Quinn Emanuel set to report profit for 2009 after strong City debut

    Quinn Emanuel Urquhart & Hedges' London office is expecting to record a profit little more than a year after formally launching in the City. The London office is set to post a net profit when it reports its results for the 2009 calendar year - despite only launching properly in October 2008.

    1 minute read

  • December 4, 2009 |

    Ex-Broadcom GC avoids criminal charges amid claims of misconduct

    The former general counsel of Broadcom has avoided criminal charges in a stock options backdating case following claims of prosecutorial misconduct, reports The National Law Journal. David Dull, who left the electronics company in 2008 after the Securities and Exchange Commission (SEC) filed charges against him, is expected to reach a non-prosecution agreement with the US Government, according to court documents.

    1 minute read

  • December 1, 2009 |

    Independent Law Firms in Europe: A model of resilience

    The global recession has done little to alter the faith of Europe's independents in the strength of their law firm models. While the global UK and US-based firms have been busy with internal housekeeping and the struggle for position in their home markets, Europe's independent law firms cannot be accused of having let the opportunity pass them by.

    1 minute read

  • December 1, 2009 |

    Weil Gotshal makes up just three to partnership as London misses out

    Weil Gotshal & Manges has announced a depleted partner promotions round, with just three lawyers set to join the partnership on 1 January 2010. No London-based lawyers will join the firm's partnership in this year's round, with the total of three promotions representing less than half of last year's tally, when seven were made up worldwide, including one in the City.

    1 minute read

  • November 3, 2009 |

    Cravath kicks off US bonus season with reduced awards

    Cravath Swaine & Moore has drastically cut back associate bonuses for its most junior lawyers as the firm this week became the first major US practice to reveal its hand, writes the New York Law Journal. Second-year associates will receive a $7,500 (£4,600) bonus, down from $17,500 (£10,700) last year, according to a memorandum obtained by the New York Law Journal. Senior associates at the leading Wall Street law firm will earn $30,000 (£18,400), the same as in 2008, but first-year associates, who earn $160,000 (£98,000) a year, will not receive a bonus.

    1 minute read

  • October 20, 2009 |

    Law firm management: Learning to lead

    Harvard started a revolution in leadership training for law firms in the 1990s. Alex Aldridge and Alex Novarese tell the story and assess what management training can offer

    1 minute read

  • October 15, 2009 |

    M&A pioneer and ex-Cravath lawyer Wasserstein passes away at 61

    Bruce Wasserstein, the most famous lawyer-turned-banker, has died at the age of 61. The former Cravath Swaine & Moore corporate lawyer died yesterday (14 October) after being taken to hospital with an irregular heartbeat at the weekend.

    1 minute read

  • October 7, 2009 |

    Links and Freshfields dominate Euro M&A but activity hits six-year low

    Linklaters and Freshfields Bruckhaus Deringer have dominated the battered European M&A markets over the first three quarters of 2009. Research from Mergermarket exclusively provided to Legal Week shows Freshfields topping the European rankings by value after working on 105 deals worth $127.9bn (£80bn). Linklaters tops the volume rankings and comes second by value, with roles on 116 deals worth $111.4bn (£70bn) in Europe.

    1 minute read

  • October 6, 2009 |

    Global 100: Emerging markets

    From Russia's grey gloom to Brazil's red-hot ambitions, a look at the state of five emerging legal markets

    1 minute read

  • October 6, 2009 |

    Global 100: The great game

    Soon after Simon Davies took over as Linklaters' managing partner at the end of 2007, he brought together a group of the firm's partners for some scenario planning. Turbulence in the subprime mortgage sector had not yet grown into a global economic downturn, but Davies knew that the legal services market was already changing. "We had been striving to run ourselves as efficiently as possible to deliver clear value to our clients and avoid increasing rates," he says. The purpose of the gathering was to run through some 'what-ifs,' determine how the firm would be affected, and consider how it would respond. Scenario three, the worst one under consideration, was the collapse of a major investment bank.

    1 minute read