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International Edition

Herbert Smith faces fierce competition in 'over-lawyered' German market

The news that Herbert Smith Freehills is set to launch in Germany later this year has been met with a mixed response from the local market, with lawyers questioning whether the firm will be able to come close to matching the strength offered through its former alliance with Gleiss Lutz. The firm last week confirmed it is opening an office in Frankfurt in the second quarter of 2013 with the hire of Ralf Thaeter, who was head of corporate and M&A at Gleiss. The office will initially focus on M&A, corporate, disputes and finance work, with a view to expanding to a full-service offering. The firm was not able to open in the country earlier than January 2013 due to the wind-down terms of its alliance with Gleiss and Benelux firm Stibbe, which broke down in December 2011.
3 minute read

International Edition

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.
3 minute read

International Edition

London partner recruitment by US law firms hits record levels

The collapse of Dewey & LeBoeuf helped drive partner hiring by US law firms in London to record levels in 2012, with senior lateral recruitment in the City climbing by almost 40% during the last calendar year. Legal Week's annual survey of London partner recruitment trends at some of the leading US law firms found there were 141 lateral partner hires made by the City arms of 47 US law firms last year, compared with 103 across the same firms in 2011.
4 minute read

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

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