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October 23, 2009 |

Major U.K. Firms Cut Back Profit Payouts Amid Tough Markets

A growing number of U.K. firms are either holding back or reducing partner profit distributions as a result of the recession. Pinsent Masons and DLA Piper have both withheld profit distributions in recent months. Pinsent has withheld its last two quarterly profit distributions, with the firm attributing the "profits distribution holiday" to a series of management responses to the recession. DLA held back its August distribution firmwide and has yet to decide on its next payment, due in November.
3 minute read
September 25, 2008 |

18 minute read
January 04, 2010 |

Book of Business

5 minute read
August 07, 2009 |

U.K. Elite Hold On to Equity as Salaried Partner Ranks Grow

The U.K.'s top law firms have tightened their grip on the purse strings, increasing equity partner count by less than 4 percent despite a double digit increase in overall partner numbers over the last five years. Legal Week research into partner headcount changes at the U.K.'s largest 25 firms by revenue shows that, on average, partner count grew by 16 percent from 2003-04 to 2008-09. There was only a 3.7 percent increase in equity partner numbers during the same period.
3 minute read
April 12, 2007 |

The Finer Points of Farming Out Work

Farming out legal work is a delicate balance of personal and professional relationships, budget management and hunting for first-class legal expertise. At many companies, the prevailing mindset is: the bigger the firm, the better the representation. Though legal work often flows to the largest law firms, companies don't always lock into one full-service megafirm for all their legal needs. There's room for solo practitioners to carve a niche, even with some big-name businesses.
5 minute read
February 16, 2012 |

Asia Deal Digest: February 16, 2012

Slaughter and May cashes in on a Japanese teller machine deal; India's Reliance Industries relies on Davis Polk for a Singapore debt issue; and Freehills helps an Aussie wealth management business manage its own finances.
9 minute read
November 13, 2007 |

Two London Firms Report Double-Digit Growth

London firms Denton Wilde Sapte and Simmons & Simmons have announced double-digit growth in turnover for the first half of the financial year. Denton Wilde saw revenue increase by 10 percent for the most recent six-month period, while profits jumped by 24 percent. Simmons, meanwhile, said fee income had increased by 16 percent compared to the equivalent period last year.
2 minute read
September 18, 2007 |

Tyco Names New GC in LatAm Overhaul

Tyco International has named compliance counsel Francisco Hernandez as its new general counsel for Latin America and the Caribbean, as the global conglomerate overhauls its regional legal team. The move comes two months after the conglomerate drew from its own ranks to fill European legal roles for its recently separated health care and electronics divisions.
2 minute read
September 24, 2008 |

This chart ranks firms by gross revenue for their most recently completed fiscal year. They are the world's 100 highest-grossing law firms. Revenue and revenue per lawyer figures for U.S.-based law firms are obtained from The Am Law 100, except where otherwise noted. Revenue figures for law firms in Europe are from Legal Week. Australian and Canadian firms were surveyed by The American Lawyer. Revenue figures for all overseas firms are converted to dollars using the average annual conversion rate as published by the U.S. Federal Reserve. Revenue figures are rounded to the nearest $500,000.
21 minute read
December 14, 2007 |

Firms Braced as Welsh Assembly's First-Ever Adviser Review Nears Completion

The Welsh Assembly is in the final stages of the first-ever review of its legal advisers, with the body set to unveil its debut law firm roster in the new year. The panel, which is being overseen by the assembly's legal services director, Jeff Godfrey, is expected to include up to eight law firms.
2 minute read

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