DLA Piper has lost the head of its Italian private equity practice, Davide Proverbio, to City rival Norton Rose. Proverbio, who was recruited by DLA Piper from local M&A and private equity boutique Pedersoli in 2004,
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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.
Allen & Overy's figures show a 15% rise in turnover to £1.016 billion. RollOnFriday has published a detailed list of law firms which have posted double digit increases in turnover for 2007/08 including Salans, Norton
A new survey by The Lawyer reveals that trainee retention across the City is up compared to last year. Norton Rose is the clear winner so far, with a 91% retention rate, an increase from 88% last year. Magic circle firm
The credit crunch has failed to have an impact on trainee retention rates, with early indications from a cross-section of leading firms such as Freshfields Bruckhaus Deringer, CMS Cameron McKenna, Norton Rose, Pinsent
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
Norton Rose has posted a dramatic rise in turnover in its financial results for 2007-08, with the top 10 City firm seeing revenue soar by more than a quarter to near the £300m mark. Partner profits rose by 16% to stand
Legalweek reports that DLA Piper, Lovells, Ashurst, Herbert Smith and Norton Rose are planning to apply for licences to provide local-law advice in Singapore. The Singapore Government is planning to liberalise the
Norton Rose has promoted 16 associates to its partnership, a drop of 30 per cent compared to last year when the firm made up 23. Banking was the largest growth area with six new partners, followed by corporate finance
Norton Rose has bagged a new partner for its Warsaw practice with the hire of energy specialist Rafal Hajduk from CMS Cameron McKenna. Hajduk joins Norton Rose Piotr Strawa & Partners from Camerons’ local office on
Allen & Overy (A&O) has won a rare instruction on a mining deal, advising Russian mining giant Mechel on its $1.498m (£750m) bid for London-based Oriel Resources. Mechel turned to A&O in the firm's first major
Trainee retention rates across the UK’s elite legal profession have remained steadfast, with many firms keeping hold of more than 90% of their intake despite a sharp dip in City lawyers’ overall business confidence.
Law firms at all levels of the market are bracing themselves for an uncertain year, with management looking at geographic diversification as a means of mitigating tumultuous market conditions. For the magic circle in
Norton Rose has gained one partner in Asia and lost another, including hiring a new head of asset finance in Hong Kong. Energy partner Stephen Begley rejoins Norton Rose from London rival Lovells, where he was of
Norton Rose has agreed an association with a Saudi Arabian law firm to launch a new office in the kingdom. The City firm has allied itself with 15-lawyer firm Abdulaziz Al-Assaf, which is based in the Kingdom Centre in