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.
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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
Hildebrandt International says in its Q2 merger report that law firm merger activity continued at a steady pace with a total of 14 completed law firm mergers and acquisitions involving U.S. law firms. Globally, there
Despite a troubled economy, many law firms are continuing to pursue a "growth strategy," new M&A data reveals. The number of law firm mergers is up so far this quarter, with 26 new law firm mergers and acquisitions
The United States has become the world's first nation of 200 accredited law schools, as the American Bar Association gave provisional approval to two North Carolina institutions. In other countries, it's much harder
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
The Law Society is calling for the review of the rules governing foreign lawyers transferring to the UK to be hastened following guidance published by the Solicitors Regulation Authority (SRA) last week. The society
Partners of the Pittsburgh based law firm of Kirkpatrick & Lockhart Preston Gates Ellis voted yesterday to officially shorten the firm's name to "K&L Gates." The change follows efforts since early 2007 to establish
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...
Six Algerian terrorist suspects held at Guantanamo Bay for more than six years without charges have won the right to petition for release, increasing the stakes for their pro bono defenders. Since 2004, lawyers with
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
The Denver law firm of Fife and Associates now is called Fife, Charles, Mangall & Mossinghoff.
As more Asian economies reach a level of maturity that enables local corporations to look for investments beyond their national borders, global law firm associations are doubling their efforts in this region to make sure
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