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Global 100 league shows City closing gap on US
UK law firms have moved sharply up the league of the world's 100 largest law firms as evidence mounts that the City's top firms are poised to outperform key US rivals in a prolonged slowdown.The Global 100, a joint project by Legal Week and The American Lawyer, this year ranks 17 UK-based law firms in the league of the world's largest law firms, including 10 in the top 50.The combination of robust growth at UK practices and the relative strength of sterling against the dollar during the last financial year saw many London-based firms rise up the revenue rankings.
Norton Rose, Ashurst and Herbert Smith race up Global 100 league as UK firms make confident showing
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Global 100: Strong dollar helps US leaders set the pace as City firms face fierce competition
Rising profits at expansive US law firms and continued weakness in sterling look set to sustain competitive pressure on globally ambitious UK firms for years to come, according to new research. This year’s Global 100 – a joint initiative from The American Lawyer and Legal Week – shows leading US players gaining a stronger grip on the upper echelons of the profession globally, based on both profitability and fee income. The three largest law firms in revenue terms are either US-based or the result of unions structured through vereins – with Baker & McKenzie, Skadden Arps Slate Meagher & Flom and DLA Piper topping the income rankings.
Baker Botts new managing partner eyes further City growth and bigger global footprint
John W. Martin, the partner-in-charge of Baker Botts' Palo Alto office, will lead the firm from April 1.
Global 100: top firms push revenues to new high amid merger rush
Consolidation in the legal market has helped the world's 100 largest law firms to cast aside the ongoing economic downturn to see combined revenues soar to a record high of $81.9bn (£50.7bn) over the last year.
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