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February 13, 2024 | International Edition

Hogan Lovells Rebounds in 2023 With Most Profitable Year in History

The global firm brought in $2.68 billion in revenue, which translated into $2.74 million in profits per equity partner.
6 minute read
January 28, 2024 | International Edition

Will Allen & Overy, Freshfields, Clifford Chance and Linklaters Find America's Streets Paved With Gold?

International law firms have been launching offices in the U.S. and paying top dollar for talent in the world's largest and most lucrative legal market. But growth potential exists elsewhere, and firms shouldn't give the rest of the world short shrift, writes The Global Lawyer.
9 minute read
December 27, 2023 | International Edition

Law Firm Mergers Began With a Boutique Bash. Will the Party Continue in 2024?

A&O's tie-up with Shearman could be a harbinger of more U.K.-headquartered firms expanding into the U.S.
6 minute read
December 11, 2023 | International Edition

To Secure A&O Merger, Some Shearman Partners Agreed to 50% Pension Cut

"It was clear that if we didn't approve the pension, the [Allen & Overy] deal wasn't going to go through," a retired Shearman partner said.
6 minute read
November 05, 2023 | International Edition

In the Law Firm-Client Relationship, Law Firms Are Playing a Dangerous Game

Law firms are raising rates to protect and increase profits. Corporate legal departments are cutting costs and bringing more work in-house. Where does this leave the legal industry?
7 minute read
Law Journal Press | Digital Book Texas Legal Malpractice & Lawyer Discipline 2023 Authors: Charles F. Herring, JR, Jason M. Panzer, Leah Turner View this Book

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June 05, 2023 | International Edition

When Rainmakers Leave, Partners Ask 'Should I Stay or Should I Go?'

A string of individual departures along with an increase in group moves at both Shearman & Sterling and Stroock & Stroock & Lavin bring attention to the calculations partners need to make when they gain a sense their firm may be in distress.
10 minute read
May 24, 2023 | International Edition

Smaller but Mightier: The 2023 Am Law 200 Outperforms Larger Firms

For the Am Law Second Hundred, 2022 was a great year. They are looking to continue that growth, but is their market-leading performance here to stay?
10 minute read
May 11, 2023 | International Edition

Stroock, Nixon Peabody Plan to Merge, Schedule Announcement for Summer

Stroock has previously engaged in merger discussions with McGuireWoods, Steptoe & Johnson and Squire Patton Boggs.
4 minute read
February 27, 2023 | International Edition

Perkins Coie Lays Off 58 Business Professionals

In an internal memo, the firm cited "macroeconomic conditions" as well as "increased expenses" that surpass the rate of revenue growth this year.
2 minute read
February 08, 2023 | International Edition

Shearman & Sterling Lays Off Associates and Staff

The firm said it is laying off 26 business professionals and 12 associates, "focused mainly on transactional practice areas most affected by current and projected market conditions."
3 minute read

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