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Profits at U.K.'s Top 50 Law Firms Hit Record Levels
The United Kingdom's top 50 law firms have seen a second year of double-digit revenue growth, with fees rising 14 percent annually to hit �10.5 billion. Legal Week's 2006-07 figures also show average profits per equity partner going up by 13.5 percent. What's more, the four largest firms generated �4.18 billion in fees among them, nearly 40 percent of the top 50's income. Clifford Chance managing partner David Childs said the results vindicated the big four firms' investment in their foreign offices.Travers Smith Takes Lead on $740M Palm Oil IPO
Travers Smith has snared New Britain Palm Oil as a client after advising on the company's $740 million admission to the London Stock Exchange. The palm oil producer controls more than 40,000 hectares of plantations, located primarily in the West New Britain province of Papua New Guinea, where it has been listed on the local stock exchange since 1999.Travers Smith Takes Lead on $740M Palm Oil IPO
Travers Smith has snared New Britain Palm Oil as a client after advising on the company's $740 million admission to the London Stock Exchange. The palm oil producer controls more than 40,000 hectares of plantations, located primarily in the West New Britain province of Papua New Guinea, where it has been listed on the local stock exchange since 1999.London Development Agency GC Focuses on Legal Regeneration
Tackling one of the most prestigious and high-profile jobs in England's public sector, the London Development Agency's GC, Debbie Adams, is intent on making changes. After inheriting a skeleton legal team of nine, Adams began hiring a raft of new lawyers at all levels of seniority. She also has ambitious plans to slash the LDA's annual legal costs by 3 million pounds. It is no mean feat for a body that is charged with major projects, including the complex legal issues surrounding the 2012 Olympics.Trending Stories
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