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Legal Week

Revolving doors - London partner churn at US firms reaches new heights

As Cobbetts this week looked to be taking its final steps towards obsolescence and a pre-pack deal with DWF, new research from Legal Week has found US firms' activities on this side of the pond moving in an entirely more positive direction. Casting aside the seemingly perpetual economic gloom, firms have turned their attention to London expansion, with our latest survey into the hiring trends of US players in the City demonstrating record levels of partner recruitment.
6 minute read

International Edition

K&L Gates set to unveil 8% London turnover hike as City rise continues

K&L Gates saw London turnover increase by 8% in 2012 after a busy year for the US firm, with City growth coming against static revenues across the firm as a whole. Provisional figures for the firm's London office show revenues rose to £35.6m during the year, up from 2011's total of £33m, despite a slight fall in partner headcount to 60. The results mean the law firm has increased City revenues by almost 20% over the past two years, after seeing a 10% hike in the UK last year.
2 minute read

International Edition

Bond Dickinson sets out plans for growth in London and Aberdeen ahead of merger

Bond Dickinson, the firm formed by the merger of Bond Pearce and Dickinson Dees, is set to target growth in London and Aberdeen when its union goes live on 1 May next year. The new firm, which will sit within the UK top 40 with combined revenues of £95m, is putting domestic growth ahead of international expansion for the short term.
3 minute read

International Edition

Eversheds to set out top team with managing partner reappointment

Eversheds managing partner Lee Ranson is set to be reappointed in his role, with the decision coming as Eversheds International chairman David Gray prepares to retire from the firm in April. Ranson's forthcoming reappointment comes after chief executive Bryan Hughes was re-elected for a second four-year term that will run from May 2013.
2 minute read

International Edition

Three steps forward – Milbank Tweed aims to translate a proud Wall St brand to the City

Milbank Tweed Hadley & McCloy may have opened in London more than 30 years ago, but it is only in recent months that its recruitment efforts have really started to gather pace. Last month's hire of Norton Rose financial disputes partner Charles Evans capped a run of high-profile new joiners for the US firm's City arm, with the appointment marking the fifth lateral partner addition in as many months. It followed the recruitment of former Linklaters projects veteran Clive Ransome and Mayer Brown leveraged finance partner Neil Caddy in August, while Freshfields Bruckhaus Deringer's Nicholas Spearing, the office's first competition partner, joined in June – a year after Milbank narrowly missed out on hiring SJ Berwin's then EU and competition head Stephen Kon, who opted to remain at the City firm where he is now senior partner.
5 minute read

International Edition

Milbank to take on London trainees as firm bolsters City practice

The London arm of Milbank Tweed Hadley & McCloy is to start taking on trainees as part of its strategy to grow its UK law practice. London managing partner Russell Jacobs said the firm is looking to take on one or two trainees in 2013, with this set to rise to four or five from 2014 once it starts targeting universities for recruitment efforts.
2 minute read

International Edition

Travers seeks successor for senior partner role as Carroll's tenure draws to a close

Travers Smith has kicked off its senior partner elections as long-serving leader Chris Carroll prepares to stand down.
2 minute read

International Edition

Wragges boosts City real estate litigation with ex-Dundas partner

Wragge & Co has boosted its London real estate litigation team with the hire of ex-Dundas & Wilson partner Martin Thomas.
2 minute read

International Edition

Gateley trades up in London with move into bigger offices

Gateley has moved into new London premises as the firm continues to bulk up its presence in the capital.
2 minute read

International Edition

Quick change - why corporates are turning to law firms to recruit in-house leaders

As the demands on the modern GC rise, more companies have recruited legal heads from their advisers. Caroline Hill talks to the lawyers have who switched sides
10 minute read

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