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  • July 30, 2008 |

    Germany: Internal affairs

    On 15 November, 2006, more than 200 policemen descended on the Munich headquarters of German technology giant Siemens and the homes and offices of 30 Siemens executives around Germany to comb the premises for incriminating documents. It was one of Europe's dreaded 'dawn raids', a term that bears little relation to the time of day but usually denotes the start of a tiresome ballet between the government and a company suspected of wrongdoing. In the traditional European model of prosecution, corporations stonewall and fight to the bitter end.

    1 minute read

  • July 24, 2008 |

    Bakers adds Strivens to top-level UK board

    Baker & McKenzie's City arm has added leading corporate partner Peter Strivens to its UK management committee. Strivens, who heads the London telecommunications group, will take up the post on 1 September for an initial period of two years. He replaces infrastructure partner Mike Webster, who stood down after five years on the committee.

    1 minute read

  • July 18, 2008 |

    US firm faces departures and looks for merger

    Amid a rash of recent departures, San Francisco-based Thelen Reid Brown Raysman & Steiner has notified staff that the firm wants to pursue another merger, writes The Recorder. Thelen Reid announced the firm's interest in a new merger -- two years after the one that produced the current firm -- in an internal memo last week, as first reported on the Above the Law blog.

    1 minute read

  • July 16, 2008 |

    Rising in the east

    UK-qualified lawyers are in huge demand in China, with law firms looking for people with partnership potential. Philip Hoult looks at the state of play in the Asia-Pacific legal markets

    1 minute read

  • July 11, 2008 |

    Heller partners given Bakers info amid merger claims

    Partners at Heller Ehrman have been provided with general information on Baker & McKenzie, further fuelling expectations that the two firms are gearing up for a substantial merger. Legal Pad, a blog from Legal Week's US sister title Cal Law, reported this week that partners from Heller were provided with materials on Bakers on Tuesday (8 July). The material apparently covered general background information on the larger firm and did not include any explicit reference to a merger.There have been mounting expectations that Heller is pursuing a merger bid with Bakers in recent weeks.

    1 minute read

  • July 10, 2008 |

    Magic circle trio break into profits top 10 as City firms move up Global 100

    Profits per equity partner (PEP) at top US law firms still narrowly exceed key UK rivals - despite the significant increases the magic circle have achieved in turnover and profitability in recent years. Figures compiled by Legal Week and The American Lawyer show that just three UK firms make it into the global top 10 by PEP - Slaughter and May, Linklaters and Freshfields Bruckhaus Deringer. In contrast, seven US firms make the grade - headed by elite firm Wachtell Lipton Rosen & Katz.

    1 minute read

  • July 10, 2008 | International Edition

    Magic circle trio break into profits top 10 as City firms move up Global 100

    Profits per equity partner (PEP) at top US law firms still narrowly exceed key UK rivals - despite the significant increases the magic circle have achieved in turnover and profitability in recent years. Figures compiled by Legal Week and The American Lawyer show that just three UK firms make it into the global top 10 by PEP - Slaughter and May, Linklaters and Freshfields Bruckhaus Deringer. In contrast, seven US firms make the grade - headed by elite firm Wachtell Lipton Rosen & Katz.

    1 minute read

  • July 9, 2008 |

    In-house Lawyer: The power of straight talking

    Richard Wiseman is well on his way to becoming an institution as far as inhouse lawyers are concerned. After all, very few corporate counsel have been in the job as long as the straight-talking Royal Dutch Shell lawyer.

    1 minute read

  • July 4, 2008 |

    Bakers signs up 22-strong PwC team in Russia

    Baker & McKenzie has received a significant boost for its Russian practice with the addition of a 22-lawyer team. The team, which includes three partners, comes from the legal department of global accountancy giant PricewaterhouseCoopers.

    1 minute read

  • July 3, 2008 |

    Dewey ups pay - but Bakers and O'Melveny stick

    Dewey & LeBoeuf, O'Melveny & Myers and Baker & McKenzie have unveiled their associate salaries for the coming year, as some of the first mid-Atlantic firms reveal their new rates. Newly-qualified (NQ) lawyers at Dewey & LeBoeuf will now earn £80,000 after the firm's first salary hike post-merger, representing an increase of around £5,000 on the previous salaries paid at both legacy firms.

    1 minute read