The US’s top law firms have outperformed their key UK rivals, despite a year of robust growth from the UK’s leading practices. UK top 50 firms achieved average revenue growth of 12.5% during 2007-08. This compares
Law firm news by topic » Firms
As investment banks continue to announce widespread redundancies, the largest global law firms are turning in double-digit revenue increases despite the credit crunch forcing a downturn in deal activity.
Figures compiled by Legal Week and The American Lawyer show that 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
Trainee solicitors are the highest paid graduates in the UK, according to a new survey. The median starting salaries for trainee solicitors in 2008 is £36,500, putting law ahead of investment banking for the first
In a reversal of trend, young lawyers, who earlier queued up to join the Legal Process Outsourcing (LPOs) outfits in search of fatter pack packets, are returning to domestic firms. "Recently, we have hired some
A new breed of small firms is landing blue-chip clients and, in the process, making money. The newcomers aim to provide highly qualified lawyers, often working on site, for a good deal less than traditional law firms...
Nossaman Guthner Knox & Elliott LLP is merging with O'Connor & Hannan LLP. O'Connor & Hannan LLP, a D.C.-based firm with 23 attorneys and lobbyists at 1666 K St. NW, will rename as Nossaman LLP/O'Connor & Hannan and
Troutman Sanders, a 650-lawyer firm started in 1897, announced last week that it is merging with Ross, Dixon & Bell, a Washington-based firm with 100 lawyers. So far this year, there have been 43 law firm mergers
Howard Kennedy has become the latest UK law firm to fall victim to the credit crunch with the launch of a redundancy program threatening up to 50 jobs.
The UK legal market is set for a radical shakeup with over 100 law firms expected to attempt a merger or acquisition in the next 12 months, experts predict.
Law firms Cliffe Dekker and Hofmeyr Herbstein & Gihwala announced plans yesterday to enter into a merger to rival their large competitors Edward Nathan Sonnenbergs, and Webber Wentzel incorporating Mallinicks. The
Some of the UK’s largest City firms have released their trainee retention rates for the September 2008 intake, with the majority offering places to fewer than 90% of their trainees. Of the eight firms that have
At the recent Corporate Law Association of New Zealand conference, a full ranking of 14 of New Zealand’s largest law firms provided a ‘performance list. Top billing for price and performance went to Russell McVeagh
The U.S. legal service sector lost 1,100 jobs in May, according to U.S. Department of Labor statistics released Friday. Layoffs at large firms, along with tightening throughout the market generally, contributed to the
As one law firm leader put it, 2008 is a good time to look at current staffing issues, and that has resulted in a few firms shedding either staff or associates. Sonnenschein Nath & Rosenthal, Paul Hastings, Holland &