Bird & Bird’s Profits Fly High

Bird & Bird has announced an amazing 24 percent increase in revenue. This makes them the fastest growing technology and media firms out of all 100 top UK firms. Their new profit reaches £143m, their highest in three years, as well as £27m more than last year’s figure. This grand increase appears to be the result of their international expansion, particularly in Eastern Europe and India.

Source: www.thelawyer.com

Tags:  Bird & Bird

Climate-Control Practice Groups Are Hot

Sullivan & Worcester is jumping on the bandwagon of law firms that profit from global warming. They too have created a climate-change group to aid companies on resulting issues from global warming. According to a January survey by Bloomberg News, 20 of the top 100 US law firms have already created such a practice group. The list includes: Akin, Gump, Strauss, Hauer & Feld, Heller Ehrman, Sonnenschein Nath & Rosenthal and last, but especially not least, Baker & McKenzie, who created their climate-control group in the late 1990s.

Source: www.news.muckety.com

Ashurst Raises Newly-Qualified Salaries

Ashurst has raised pay for newly-qualified lawyers. The new figure, £65,000, is £1,000 more than last year’s. However, last year’s salary increase of 16 percent is significantly more than this year’s 1.5 percent. In 2007-2008, the firm made £323m in revenue.

Source: www.thelawyer.com

Tags:  Ashurst

Greenberg Bags Another

Greenberg Traurig has added attorney Justin B. Mead to its Miami office. He joins as partner in the tax practice group. Mead concentrates on federal income tax and large corporations, and places special focus on the energy industry. He was a partner at McDermott Will & Emery.

Source: www.businesswire.com

Tags:  Greenberg Traurig LLP | Miami

Top Law Firms in Midst of Bidding War for Houston Energy Attorneys

While other cities’ legal markets are in a slump, Houston is booming, especially in the field of energy. Why Houston? Houston has strong roots in the energy field and the city’s economy is doing fairly well because of it. Many top firms have recently launched firms in the city, including: McDermott, Will & Emery; DLA Piper; Hunton & Williams; Morgan, Lewis & Bockius; Sutherland Asbill & Brennan; and Greenberg. The competition for Houston Energy attorneys, particularly those with books of business, is fierce. Firms are getting into bidding wars for those seemingly priceless energy attorneys.

Source: www.law.com

Tags:  Houston

Holland & Hart Has Merged

Holland & Hart merges with Nevada firm Hale Lane Peek Dennison and Howard. It will maintain the name of Hollard & Hart. Hollard is already the largest firm in Denver with 365 lawyers, and are going to take on all of Hale’s 50 attorneys. The merger was based on Holland’s aim of growth in Nevada.

Source: www.milwaukee.bizjournals.com

Tags:  Holland & Hart, LLP

Bingham McCutchen Moves to Much Bigger Space

Bingham McCutchen LLP has moved to a bigger building in Boston. The firm has made the jump from 150 Federal Street, its residence for the last 20 years, to 1 Federal Street. The new office has 60,000 square feet more than its previous. Its expansive 315,000 square feet of space is spread across 13 floors, which includes a gym and a cafe. Fewer reasons to leave the office!

Source: www.boston.bizjournals.com

Paul, Hastings, Janofsky & Walker LLP Makes History in China

Paul, Hastings, Janofsky & Walker LLP has made history in the Republic of China. The firm recently aided Asia Pacific Land (APL) in closing the largest real estate deal ever made in the country. Due to Paul, Hastings’ efforts, APL is now the proud owner of The Center, a Shanghai office in Puxi, purchased for about $650 million US dollars.

Source: www.practicesource.com

Tags:  Paul Hastings LLP | Hong Kong

Skadden Usurps Sullivan’s Best Deal Advisor Place

For four years, Sullivan & Cromwell has been the top adviser in mergers and acquisitions. But, Skadden, Arps, Slate, Meagher & Flom has just usurped the throne. Skadden is presenting three very large corporations in their three very large (multi-billion dollar) deals. The three companies include: Capline Corp., Time Warner Inc., and BlackRock Inc. In 2007, Skadden made a profit of $2.2 billion, the most profit reportedly ever made by a law firm.

Source: www.bloomberg.com

Tags:  Skadden, Arps, Slate, Meagher & Flom, LLP