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September 21, 2007 |

U.S. Firms in London Say They're More Merger-Minded

Legal Week's annual survey of U.S. firms in London reveals that 47 percent of respondents would consider a merger with a U.K. firm, up from 39 percent last year and just 29 percent in 2005. The trend may signal that firms realize how hard it is to grow organically in the London legal market, which by some measures is now the most costly in which to operate worldwide. Putting additional pressure on U.S. firms: the weak dollar and the related disadvantage in attracting heavy-hitting London partners.
11 minute read
Weil Prevails for Billionaire Barclay Brothers in Fancy Hotel Feud
Publication Date: 2012-08-10
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A British court handed down a ruling in favor of billionaire brothers Sir Frederick and Sir David Barclay dismissing a suit brought by well-known Irish real estate developer Patrick McKillen. The decision capped a five-month trial to settle a power struggle over three of London's most famous and expensive hotels.

May 01, 2005 |

Race to the Top

Milbank, Tweed, Hadley & McCloy arrived in Frankfurt in 2001 with just two American partners, planning to recruit some German laterals and build a great local practice. Things took a bit longer than expected. "As we ended 2003, we really had made very little progress in Germany," Milbank chairman Mel Immergut admits.
12 minute read
April 01, 2008 |

Subprime's Silver Lining

4 minute read
April 01, 2010 |

On the Job

2 minute read
August 01, 2000 |

Caution! Falling Lawyers

Why are so many London branches of U.S. firms losing top partners? According to their British competitors, flawed strategies are legion: in lateral recruitment, in choosing market niches, and in finding a long-term strategy. Other than that, everything's going swimmingly!
9 minute read
July 20, 2007 |

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.
5 minute read
February 01, 2010 |

DLA Piper Leads on Sale of Legal Outsourcing Firm

The long-dormant buyout market might finally be emerging from its slumber as a trio of U.K. companies were scooped up by British private equity firms on Thursday. One of the sales involved CPA Global, a leading legal process outsourcing firm, to London-based mezzanine lender Intermediate Capital Group. ICG is paying $709 million to seal a management buyout of CPA, which is owned by 300 lawyers and patent officers.
3 minute read
February 01, 2010 |

Latham Raids White & Case's London Banking Practice

In a big blow to White & Case's London operations, the bulk of the firm's U.K. banking practice is leaving for Latham & Watkins. The move will see four highly regarded banking and capital markets partners, including the co-head of W&C's London bank finance group, leave for Latham, increasing Latham's London-based finance practice to 20 lawyers. White & Case has lost a number of high-profile partners from its London office in recent years.
2 minute read
February 10, 2003 |

Jones Day Is Merging With Gouldens

Jones Day has announced a merger with 150-lawyer London firm Gouldens, effective Feb. 8. The second-largest acquisition of a British firm by a U.S. firm to date, Jones Day's move will give it a London office of some 200 lawyers and bring its total head count to more than 2,000 attorneys worldwide. The firm will initially operate in London under the name Jones Day Gouldens.
3 minute read

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