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• Australian firm Freehills reportedly in merger talks with UK firm Herbert Smith

  Yesterday RollonFriday reports on rumours that Australian firm Freehills and UK firm Herbert Smith are preparing to put the question of a merger to their respective partnerships... more

• Dewey & LeBouef's leaders explain the firm's collapse

  May 18 2012 This article gives an account of an interview in DealBook with Martin Bienenstock and L. Charles Landgraf, both of whom served as the ‘office of the Chairman’ at Dewey... more

• Australian secondment firms set to merge

  May 17 2012 Secondment firms Advent Lawyers and Balance Legal have agreed to merge on 1 July. The combined firm will be known as AdventBalance, will have a headcount of around 80... more

• Bristol law firm TLT to merge with Scottish litigation house Anderson Fyfe

  May 15 2012 Bristol law firm TLT is set to merge with Scottish litigation house Anderson Fyfe, gaining offices in Glasgow and Edinburgh as well as eight partners and 45 employees.... more

• UK firm Weightmans posts 33% revenue increase

  May 10 2012 UK law firm Weightmans has posted revenues of £77.1 million in the 2011-12 financial year, an increase of nearly 33% that may see the firm enter the top 50 UK law... more

• Baker & McKenzie holds on to 1st place in ranking by revenue

  May 08 2012 American Lawyer has released its new rankings, with some interesting results. The top 100 firms worldwide showed an average 5.3 per cent increase in gross revenue and... more

• US legal services market becomes more segmented

  May 07 2012 The most expensive US lawyers are becoming even more costly, while the cheapest are barely keeping up with inflation, according to this story published in the Wall... more

• Top 100 firms report single digit growth for last year

  May 04 2012 The Am Law Daily has released figures that give a snapshot of the legal services industry over the past year. The top 100 firms saw single digit growth in gross... more

• Dewey & LeBoeuf ousts former chairman, while merger negotiations fail

  Apr 30 2012 Troubled US law firm Dewey & LeBoeuf has dumped former chairman Steven H. Davis, who is under criminal investigation for alleged financial improprieties.... more

• Amarchand and Luthra lead league table of Indian dealmakers in the first quarter of 2012

  Apr 27 2012 A league table of dealmakers in the Indian legal services market has put Amarchand Mangaldas Suresh A Shroff & Co and Luthra & Luthra at the top of the list - each... more

• Dewey's Hong Kong office is unaffected by the firm's troubles, says MP

  Apr 24 2012 Dewey & LeBoeuf has said that its troubles in the US have no bearing upon its operation in Hong Kong. Hong Kong managing partner Heng Loong Cheong said: “The Hong Kong... more

• US firm Dickinson Dees forms alliance with Macau firm

  Apr 19 2012 US firm Dickinson Wright has formed an alliance with Macau firm MdME, pursuing a strategy of expansion into Asia, and affording MdME the chance to offer their clients... more

• Kennedys' accounts show rapid expansion in 2010-11

  Apr 16 2012 UK firm Kennedys has increased its equity partnership by 30 per cent in 2010-11, from 50 to 65 partners. In the same period, 42 fee earners were added to the firm’s... more

• Dewey & LeBoeuf in discussions with its bankers over 9-figure debt

  Apr 04 2012 Troubled US firm Dewey & LeBoeuf has confirmed that it is in discussions with its bankers concerning the large debt that stands on the firm’s accounts. The firm’s... more

• NZ law firms unlikely to follow Australian firms down merger path

  Mar 30 2012 New Zealand law firms are unlikely to follow the lead of their neighbour Australia when it comes to forming alliances with large British or American law firms,... more

• Korean legal market valued

  Mar 30 2012 As the Korean legal services market opens up to foreign law firms – a result of free trade agreements recently concluded with the US and the UK – attempts are being... more

• Bird & Bird starts toward ambitious goals in Asia with four new partners

  Mar 26 2012 Bird & Bird has boosted capacity across its Asia network with the addition of four partners. Lorraine Tay leaves a role as the head of Baker & McKenzie’s Singapore... more

• Revenue, profits and productivity up at US firm Hughes Hubbard & Reed

  Mar 15 2012 US firm Hughes Hubbard & Reed has posted increases in gross revenue, profits per partner, and revenue per lawyer for the 2010-11 period. The firm's gross revenue... more

• Revenue, profits and productivity up at US firm Hughes Hubbard & Reed

  Mar 15 2012 US firm Hughes Hubbard & Reed has posted increases in gross revenue, profits per partner, and revenue per lawyer for the 2010-11 period. The firm's gross revenue... more

• UK firms just outside the top 25 see biggest income growth in 3rd quarter

  Mar 14 2012 Fee income is growing in the UK, with the firms ranked 26-50 seeing the biggest income growth, at around 10 per cent. The figures come from a quarterly survey by... more

• Four leading NY firms post increased revenues in 2011

  Mar 12 2012 Four of the top New York law firms posted their financial results for 2011, with all four showing an increase in revenues. Skadden Arps Slate Meagher & Flom... more

• Dewey & LeBoeuf set to make layoffs

  Mar 07 2012 Dewey & LeBoeuf will be conducting layoffs and other cost-cutting measures, according to firm-wide memo from Chairman Steven H. Davis. The memo came after the... more

• NY firm Kasowitz Benson sees profits and revenue drop

  Mar 07 2012 New York firm Kasowitz Benson Torres & Friedman has reported a decline in both revenue and profits per partner in 2011. The firm’s revenue dropped 2 per cent from... more

• Paul Hastings' revenue dips as firm targets more network expansion

  Mar 06 2012 Paul Hastings has posted a 2 per cent drop in revenue from the previous year’s figures, taking $884 million, down from $902 million in 2010. Revenue per lawyer was... more

• US firm Edwards Wildman Palmer posts strong post-merger revenue growth

  Mar 06 2012 US firm Edwards Wildman Palmer has posted an 18 per cent increase in revenue, from $297.9 million to $352.7 million in its first post-merger financial results. The... more

• Linklaters reportedly in negotiations for alliance with Australian firm

  Mar 06 2012 International law firms have demonstrated considerable interest in the Australian legal market in recent months, with most of Australia’s largest law firms merging or... more

• Indian law firms face leadership challenges

  Feb 24 2012 Livemint has published this interesting article on the leadership challenges faced by Indian law firms. While most law firms around the world are run as pure... more

• Covington & Burling posts increase in revenue and average profits per partner

  Feb 24 2012 US firm Covington & Burling has reported a 5.1 per cent increase in total revenue, going from $581.5 million in 2010 to $611 million in 2011. Average profit per equity... more

• Salans and SNR Denton rumored to be close to merger deal

  Feb 21 2012 There are rumours circulating that Salans and SNR Denton in the final stages of negotiating a merger. The combined firm would have the benefit of Salans’... more

• King & Spalding posts 12% increase in PEP

  Feb 15 2012 King & Spalding has reported a 9 per cent increase in revenue in 2011, from $718 million to $781 million. In the same period the firm posted a 12 per cent increase in... more

• Sidley Austin and Paul Weiss post revenue growth in 2011

  Feb 10 2012 US firms Sidley Austin and Paul Weiss Rifkind Wharton & Garrison have posted revenue growth in 2011. Sidley Austin saw revenues rise 5.6 per cent to $1.41 billion... more

• Amarchand takes top rank among Indian firms working in project finance

  Feb 10 2012 Amarchand and Mangaldas has taken the top rank among Indian firms working in project finance, according to data provider Dealogic, edging out last year’s leader Luthra... more

• Profit at SNR Denton drops from £37.9m to £22.5m

  Feb 08 2012 The profit pool at SNR Denton dropped from £37.9 million to £22.5 million in 2010-11. Turnover in the same period fell from £166.1 million to £152.5 million. The firm... more

• UK frm Taylor Wessing to sell document review business

  Feb 07 2012 UK firm Taylor Wessing has announced plans to sell off its document review business. The division, New Street Solutions, was formed in May 2011, and is expected to... more

• Litigation support services in high demand

  Feb 07 2012 A new survey put together by New York-based headhunter and consultancy The Cowen Group has attempted to evaluate the ratio of salaries to revenue within law firms,... more

• Pinsent Masons and McGrigors announce merger plans

  Feb 07 2012 London firm Pinsent Masons and Scottish firm McGrigors have announced a formal agreement to merge. The combined firm will operate under the banner of Pinsent Masons... more

• DWF and Cobbetts end merger talks

  Feb 06 2012 After months of negotiations, the proposed merger between DWF and Cobbetts has fallen in a heap. Word go out last November that the firms were considering joining up,... more

• Four associates leave London office of Quinn Emanuel

  Feb 04 2012 Four litigation lawyers have departed from the London office of US litigation firm Quinn Emanuel, punching a largeish hole in the team of 13. The firm’s London has... more

• Mayer Brown invreases revenue by 2.4%

  Feb 02 2012 Mayer Brown has increased its revenue by 2.4 per cent – after two years of falling revenues. The figures will be some relief for the firm after dropping 14 per cent in... more

• Ashurst managing partner steps down 6 months early

  Feb 01 2012 Ashurst managing partner Simon Bromwich has announced that he will stand down from his role in May, six months ahead of schedule. Bromwich is set to take over as head... more

• Herbert Smith and Freehills consider July merger

  Feb 01 2012 Herbert Smith is still in merger negotiations with Australian firm Freehills, with reports emerging that a tie-up between the firms could happen as early as 1 July... more

• Olswang's profits down, Charles Russell's profits up

  Jan 30 2012 Olswang’s limited liability partnership accounts show that the firm’s profits fell from £31.6m in 2009-10 to £29.3m last year. The firm’s highest paid member took... more

• Herbert Smith enters negotiations with Australian firm Freehills

  Jan 23 2012 Herbert Smith has entered into merger talks with Australian firm Freehills, with a number of different options on the table including a full merger, a Swiss... more

• Scottish firms still struggling in a difficult market

  Jan 15 2012 A new report from management consultants PwC has observed that Scottish Law firms are still struggling under difficult market conditions and regulatory changes, with... more

• Bird & Bird increases turnover and headcount

  Dec 21 2011 Bird & Bird has increased its fee-earner headcount by three per cent this year, from 654 to 673. The growth represents one of only a few cases of firms adding to... more

• Scottish legal market looking up

  Dec 18 2011 There has been significant improvement in the Scottish legal market, according to a new survey of the country’s top firms conducted by industry advisors PKF. The... more

• Top UK law firms see 9.8% jump in revenue

  Dec 09 2011 Deloitte’s latest legal sector survey has reported that the top 100 firms in the UK showed strong growth in the second quarter, with fee incomes rising by an average... more

• Clifford Chance explores alliance with fast moving Chinese firm

  Dec 08 2011 Clifford Chance is exploring an alliance with Chinese firm Broad & Bright. Broad & Bright has 20 partners, 40 associates, and is one of China’s fastest growing firms,... more

• CMS Cameron McKenna reports $106m in revenue for first half of financial year

  Dec 04 2011 CMS Cameron McKenna took £106m in revenue in the first half of this financial year, up 5 per cent on the same period last year. In a statement managing partner... more

• Eversheds sees revenue increase by 6.7% for first half of the year

  Nov 14 2011 Eversheds has saw revenue increase by 6.7 per cent in the first half of the 2011-12 financial year, with turnover increasing to £184.2m over the six month period,... more

• Five leading UK firms post double-digit growth

  Nov 11 2011 Many of the largest UK law firms have seen growth in revenues in the first half of 2011-1, with at least five of the top 30 firms set to reveal double-digit increases... more

• Allen & Overy reports 11% revenue growth

  Nov 10 2011 Allen & Overy has posted an 11% increase in revenue in the first half of the year, after investing in key international markets. The firm saw revenues of £582m between... more

• Top UK firms take shears to equity partnerships

  Nov 04 2011 Top UK firms are taking the shears to their equity partnerships, according to a new survey by professional services firm Smith & Williamson. Of the 20 firms in the UK... more

• Why Quinn Emanuel steers clear of Hong Kong

  Nov 04 2011 Here is an interesting article in the Asian Lawyer about why Los Angeles-based litigation firm Quinn Emanuel Urquhart & Sullivan has opted not to open an office in... more

• Australian law firms see revenues drop

  Oct 27 2011 Australian law firms have seen a drop in revenues. Even Perth, which is flush with cash in the middle of a resources boom, is expected to see revenue drop by nearly 50... more

• Scottish and British law firms in formal merger negotiations

  Sep 23 2011 Scottish law firm Dundas & Wilson and British firm Bircham Dyson Bell have confirmed that they are considering a merger which, if it went ahead, would create a 130... more

• Top US firms see growth in revenue, net income and profits in first half of 2011

  Sep 20 2011 The first half of 2011 saw revenue, net income, and profits per partner rise marginally in top US firms, according to a new survey by Wells Fargo Wealth Management's... more

• Axiom Law finds success offering cheap legal services

  Sep 16 2011 Interesting article here about Axiom Law – a legal service provider successfully operating in Washington DC with a very non-conventional structure. According to the... more

• UK law firms face tough indemnity insurance market

  Sep 06 2011 The UK legal profession is bracing for the implementation of the Legal Service Act in October, which is expected to overhaul the sector by breaking the partnership... more

• Baker & McKenzie reports 8% growth in revenue over 7% growth profits

  Aug 17 2011 Baker & McKenzie has reported growth in gross revenue and average profits per partner in the past financial year. The firm’s gross revenue hiked 8 per cent to a... more

• Companies recruit law graduates straight out of law school

  Aug 16 2011 Here is an interesting article about the growing trend for large companies to hire graduates directly from law school campuses in order to avoid paying large fees for... more

• Newcastle firm Watson Burton announces redundancies

  Jul 26 2011 Newcastle-based firm Watson Burton has announced further redundancies – with four jobs set to be eliminated. Last year the firm reported poor financial results... more

• LG reports 9% drop in revenue, 10% drop in PEP

  Jul 19 2011 LG has reported a 9 per cent drop in revenue in the 2010-11 financial year, from £64.9m to to £59m. In the same period the firm saw a 10 per cent drop in average... more

• Law firms seek fast bucks from M&A suits

  Jul 18 2011 The number of mergers and acquisitions lawsuits filed in 2010 increased by nearly 850% over 2008 figures, according to new reports. M&A suits, which typically... more

• SNR Denton calls for cash contributions from salaried partners

  Jul 11 2011 SNR Denton has called on non-equity partners to contribute capital to the firm for the first time ever, asking for contributions of between £10,000 and £20,000. The... more

• Herbert Smith reports growth in revenues and PEP

  Jul 07 2011 Herbert Smith has reported a 3.4% increase in revenue in the 2010-11 financial year, from £449.9m to £465m. Profits per equity partner also rose by a significant... more

• Canadian law firms weather the economic storm

  Jul 06 2011 Canadian law firms seem to have weathered the financial crisis and recession without seeing any major firms go under, without serious hits to the bottom line, and... more

• Allen & Overy increases revenue by 7%

  Jul 06 2011 UK firm Allen & Overy has reported stable profit levels and profits per equity partner, despite increasing the number of partners at the firm from 451 to 487. The... more

• US firms pay top dollar for rainmakers

  Jul 06 2011 Interesting article here in the New York Times about the demand at large law firms for lateral hires that bring in large books of business. According to industry... more

• Scottish firm Dundas & Wilson posts marginal increase in turnover

  Jul 05 2011 Scottish law firm Dundas & Wilson has reversed a two-year decline in turnover to post a slight rise in the 2010-11 financial year. The firm recorded a 2 per cent... more

• UK firm Clarke Willmott puts profits back into the firm

  Jul 04 2011 UK firm Clarke Willmott has decided not to distribute all the profits from this year’s performance to the equity partnership. According to the firm, average profit per... more

• Kennedys keeps on growing: posts a 10.3% jump in revenue in 2011

  Jun 23 2011 Kennedys has posted a 10.3 per cent jump in revenues for the 2010-11 financial year, recording a turnover of £97.4m. The firm has seen significant increases in... more

• Addleshaw Goddard appoints four partners to unitary board

  Jun 23 2011 Addleshaw Goddard has appointed four partners to its new unitary board, which was created recently to streamline the management of the firm by combining the governance... more

• Wall Street firm Cahill announces mid-year bonuses

  Jun 17 2011 Cahill is set to award a mid-year bonus to all associates in the range of $5,000 to $25,000. The bonus comes after a record year for the Wall Street firm, with revenue... more

• Norton Rose sees £47m increase in turnover in 2010-11

  Jun 16 2011 Norton Rose has announced its financial results for the 2010-22 financial year, posting revenues of £484m for its international operations. This figure represents a... more

• Eversheds reports 7% increase in PEP over flat revenue

  Jun 14 2011 Eversheds has reported that revenues remained flat at £355m in the 2010-2011 financial year, while profits increased by 3 per cent and Profits per equity partner... more

• Top 100 US firms streak ahead; second 100 post modest gains

  Jun 01 2011 The top 100 US firms by revenue seem to have recovered after a disastrous 2009, posting strong results in 2010: a 4 per cent increase in gross revenue, a 4.4 per cent... more

• Forty redundancies at Addleshaw Goddard

  May 24 2011 Addleshaw Goddard has announced plans to make 40 redundancies in its business services division support staff, as part of a major restructure. The cuts follow reports... more

• Australian firms saw increase profits in 2010

  May 24 2011 A new study has shown that 70 per cent of Australian firms increased their profits in 2010. The study, conducted by Macquarie Relationship Banking, went beyond the... more

• UK firms Martineau and Sprecher Grier negotiate for merger

  May 23 2011 Birmingham firm Martineau and London firm Sprecher Grier Halberstam have confirmed that they are in the advanced stages of merger talks. The tie-up, should it proceed,... more

• UK firm Bevan Brittan sees 9% drop in revenue, 7% increase in PEP

  May 16 2011 Bristol firm Bevan Brittan has seen its revenue drop by 9 per cent from £37.7m to £34.3m in the last year, while firm profits increased to 23.5%, giving the firm net... more

• US firms flock to Hong Kong

  May 16 2011 US firms are flocking to Hong Kong with 46 of the top 100 US firms (by revenue) having a presence in the city. In the past year firms such as Locke Lord Bissell &... more

• Wragges reports 16% rise in turnover

  May 11 2011 Wragge & Co has reported 16 per cent rise in turnover for the 2010-11 financial year, growing from £96.2m to £112m. The strong result follows a tough year in 2009-10,... more

• US firms push profits by reducing headcounts

  May 02 2011 Profits per partner rose by 8.4 percent last year, after a flat 2009 and a 4.3 per cent drop in 2008. But while this growth in profits can be partially explained by... more

• UK top 50 firms expected to report flat revenues and profits

  Apr 14 2011 The top 50 firms in the UK are predicted to report flat revenues and profits in the 2010/11 financial year, according to Jomati consultant Tony Williams and... more

• Boies Schiller posts 3% revenue boost

  Mar 22 2011 Despite increasing its gross revenue by three per cent to $305 million in 2010, litigation firm Boies, Schiller & Flexner saw profits per partner fall by 11 per cent... more

• With flat demand and revenue, how do we account for 2010?

  Mar 11 2011 Law firm profits and lawyer productivity were strong in 2010 compared to a poor showing in 2009. But it is too soon to celebrate, says this article on the AM Law... more

• Shearman & Sterling see revenues and profits fall in 2010

  Mar 02 2011 Shearman & Sterling has had a tough year, seeing revenue drop by 8 per cent from $801m in 2009 to $737m in 2010, while profits per equity partner fell from $1.74m to... more

• US firm Clark Thomas & Winters to undertake major restructuring

  Feb 28 2011 Texas law firm Clark Thomas & Winters has announced major restructuring to take place in the coming weeks, adding to speculation that the firm’s future hangs in the... more

• The secret to UK firm Slaughter and May's success

  Feb 21 2011 Slaughter and May is among the most profitable law firms in London, paying its 126 partners an average of £1.84m for their efforts despite posting sales at £439.5m,... more

• London firm Farrers asks lawyers to bill four hours daily

  Feb 21 2011 London faw firm Farrer & Co is clearly seeing tough times – last week the firm announced that salaries would be frozen, bonuses would be axed, and there may be... more

• Latham & Watkins reports revenues at 2008 levels

  Feb 18 2011 Latham & Watkins saw a bump in revenue in 2010, which rose almost six per cent to $1.929 billion - roughly equivalent to its 2008 gross. Revenue per lawyer rose almost... more

• Top UK firm Clifford Chance merges with two Australian firms

  Feb 17 2011 Clifford Chance, the UK’s highest-grossing law firm last year, has announced a merger with two Australian firms. Clifford Chance will join with Sydney firm Chang,... more

• Hogan Lovells posts first results after merger

  Feb 17 2011 Hogan Lovells has posted its first financial results since its merger last year, with average profits per equity partner climbing around 10% from $1.042 million to... more

• King & Spalding increases revenue and profits

  Feb 14 2011 King & Spalding increased revenue by 6 per cent to $718.2 million in 2010, while profit per equity partner jumped almost 18 per cent from $1.47 million in 2009 to... more

• Covington reports flat revenue and 3.8% drop in profits

  Feb 10 2011 Covington & Burling has reported gross revenue of $582.5 million in 2010, a decrease of less than 1 per cent from the $583 million in takings from the precious year.... more

• DLA Piper set to become the biggest firm in the world

  Feb 03 2011 DLA Piper is set to overtake Baker & McKenzie to become the largest law firm in the world by revenue and headcount when it merges with Australian law firm DLA Phillips... more

• Reed Smith and Thompson & Knight break off merger talks

  Jan 07 2011 Merger talks between Reed Smith and Thompson & Knight have been called off, after months of negotiation and due diligence failed to produce agreement. "We are very... more

• Vinson & Elkins remembers the staff at bonus time

  Jan 06 2011 Vinson & Elkins did not forget their legal support staff when handing out end-of-year bonuses in December, and now the firm has announced that there will be an extra... more

• The future of BigLaw

  Dec 24 2010 Law firm managers may be feeling a sense of relief as the legal services market shows signs of recovery. But the changes wrought upon the industry are significant and... more