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  • February 8, 2008 |

    Latham outpaces US rivals with 23% revenue surge; profits match magic circle

    US giant Latham & Watkins has emerged as a star performer in the financial reporting season for US law firms after posting 20%-plus rises in both turnover and average partner profits for 2007. The top 10 US law firm saw revenues up from $1.62bn (£820m) in 2006 to $2.005bn (£1bn), a 23% rise. At the same time, profits per equity partner rose from $1.86m (£953,000) to $2.27m (£1.17m).

    1 minute read

  • February 7, 2008 |

    The Unpredictable States of America

    What can you tell from the numbers emerging from America’s largest law firms as this year’s ‘reporting season’ gets under way?…

    1 minute read

  • February 6, 2008 | International Edition

    Hiring trends at US firms in London fail to match 2005 five-year high

    US firms hired 67 partners across the City in 2007 - a slight dip on the recruitment peak of 2005, despite last year's booming markets. Legal Week research into hiring trends at 24 of the US' biggest players in the UK found that while recruitment activity was up on 2006 - when 60 partners joined US practices - it failed to match 2005's five-year high of 72.Much of the activity came in the mid-market. Mayer Brown was the biggest lateral recruiter of 2007, with the firm bringing in nine partners, including two high-profile names - McDermott Will & Emery corporate partner William Charnley and Ashurst real estate partner Gary Watson.

    1 minute read

  • February 6, 2008 |

    Hiring trends at US firms in London fail to match 2005 five-year high

    US firms hired 67 partners across the City in 2007 - a slight dip on the recruitment peak of 2005, despite last year's booming markets. Legal Week research into hiring trends at 24 of the US' biggest players in the UK found that while recruitment activity was up on 2006 - when 60 partners joined US practices - it failed to match 2005's five-year high of 72.Much of the activity came in the mid-market. Mayer Brown was the biggest lateral recruiter of 2007, with the firm bringing in nine partners, including two high-profile names - McDermott Will & Emery corporate partner William Charnley and Ashurst real estate partner Gary Watson.

    1 minute read

  • February 6, 2008 | International Edition

    LG wins new client with role on £600m care home refinancing

    LG has scored a new client, advising healthcare company Caring Homes Group on a £600m refinancing of its business with Bank of Scotland.LG fielded a team under corporate partner Hugh Maule and finance partner Charles Malpass advising Caring Homes on the refinancing, which has seen the company restructure existing debt facilities as well as taking on additional equity. The company initially appointed LG as an ad viser around a year ago but the firm only won this deal, its first for the client, following a competitive pitch process last summer.

    1 minute read

  • February 6, 2008 |

    LG wins new client with role on £600m care home refinancing

    LG has scored a new client, advising healthcare company Caring Homes Group on a £600m refinancing of its business with Bank of Scotland.LG fielded a team under corporate partner Hugh Maule and finance partner Charles Malpass advising Caring Homes on the refinancing, which has seen the company restructure existing debt facilities as well as taking on additional equity. The company initially appointed LG as an ad viser around a year ago but the firm only won this deal, its first for the client, following a competitive pitch process last summer.

    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

  • February 4, 2008 |

    US trio lead on Microsoft's $44.6bn Yahoo bid

    Skadden Arps Slate Meagher & Flom is leading a heavyweight line up of advisers on Microsoft's $44.6bn (£22.6bn) approach for web rival Yahoo. The New York firm is advising Yahoo on the deal, while Simpson Thatcher & Bartlett and Cadwalader Wickersham & Taft are understood to be acting for Microsoft.

    1 minute read

  • February 1, 2008 | International Edition

    CC celebrates $14bn Chinalco corporate coup

    Clifford Chance (CC) has won a high-profile mandate to advise the Aluminium Corporation of China (Chinalco) on its joint acquisition with Alcoa of a 12% stake in Rio Tinto for around $14bn (£7bn). The deal marks CC's first instruction from the client and is thought to represent the largest-ever overseas investment by a Chinese company. The move could block the efforts of Anglo-Australian mining company BHP Billiton to buy Rio Tinto.

    1 minute read

  • February 1, 2008 |

    CC celebrates $14bn Chinalco corporate coup

    Clifford Chance (CC) has won a high-profile mandate to advise the Aluminium Corporation of China (Chinalco) on its joint acquisition with Alcoa of a 12% stake in Rio Tinto for around $14bn (£7bn). The deal marks CC's first instruction from the client and is thought to represent the largest-ever overseas investment by a Chinese company. The move could block the efforts of Anglo-Australian mining company BHP Billiton to buy Rio Tinto.

    1 minute read