Bryan Cave’s London branch has increased their turnover by almost a quarter in 2007. fees at the firm’s City branch increased by 22.4% reaching $28.4m (£14.6m). Even so, revenue per lawyer (RPL) dropped by 9.3% to $845,450 (£435,000. Office managing partner Anthony Fiducia blames the low dollar exchange rate and the hire of two new partner hires for this decrease in RPL. Fiducia remains confident the office will be more productive in 2008.
Source: www.legalweek.com
DLA Piper has recently made their 15th lateral hire in Europe in 2008 alone. Their newest venture? Rob Ludding from Van Wylick & Ludding has just joined the team. Ludding, haveing 33+ years of experience, will become counsel at DLA Piper. In the firm’s France office, DLA Piper has hired seven partners and three associates.
Source:thelawyer.com
Jones Day remains as one of the world’s largest law firms by a variety of tactics. One such tactic, is ensuring the possibility of promotions for its current members, which in turn aids in attracting those on the outside, specifically in its five California offices. In 2004, the San Diego office had one lawyer. Today it has more than 20. Along with various other lateral moves, Jones Day has had 9 associates climb the ladder to partner throughout the California offices. The California offices began 25 years ago, now with more than 250 lawyers cumulatively among the five offices, San Francisco, Silicon Valley, Los Angeles, Irvine and San Diego.
Source: blackenterprise.com
Latham & Watkins plans to open three offices in the Middle East in March of this year, holding the distinction of the first law firm to do so. Last week Latham hired corporate partner Rindala Beydoun to head the three offices in Abu Dhabi, Dubai and Qatar in March. Three Latham partners and about 12 associates will also transfer to the Middle East later this year. The firm is also “actively recruiting from the market at the moment,”Beydoun says.
Source: thelawyer.com
Following Reed Smith’s merger with Richards Butler Hong Kong, the firm plans on sending two trainees to Hong Kong. Mark Matthew, Reed Smith graduate recruitment manager, says this will occur later this month [February] at the next seat rotation. The merger,announced January 1, 2008, added about £30m to Reed Smith’s annual turnover.
Source: www.thelawyer.com
Hogan & Hartson’s London office has increased total revenue by 16.6 percent to $880m (£448.45m), leaving its 13 partners and 47 lawyers with a revenue per partner of $2.6m (£1.32m) and a revenue per lawyer (RPL) figure of $965,000 (£491,800). The firm’s managing partner of the international offices, Steve Immelt, is pleased with Hogan’s progress in Europe and now plans on advancing the Los Angeles office to serve Asian tech companies with their IP and regulatory strategies.
Source: www.thelawyer.com
Clifford Chance (CC) has boosted its Asia litigation team with the hire of a partner from Mayer Brown JSM, the magic circle law firm announced today (18 February).
Brian Gilchrist joins CC’s Hong Kong arm on 1 May. He specialises in banking and insurance disputes, directors’ duties and minority shareholders’ rights matters, as well as tax-related areas.
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Page Perry, LLC announced today the addition of two new partners: David J. Worley and James M. Robertgelista, widely known for their securities and commercial litigation. Robertgelista, with more than 17 years of commercial and class action litigation experience, has represented both plaintiffs and defendants in federal and state courts throughout the United States. Worley has almost 20 years of vast experience in civil trial and appellate litigation has had substantial experience in securities, other class-action litigation, and portfolio monitoring.
Source: www.prnewswire.com
McDermott Will & Emery announced today the formation of a Subprime & Credit Markets Practice Group, intending to address clients’ various needs arising from the repricings in the subprime debt markets. The group, comprised of 40 partners and 90 lawyers, is led by head of structured finance Thomas McGavin (New York) and by co-head of structured finance Nick Terras (London).
Source: http://www.mwe.com
DLA broke the $2bn revenue barrier, set by Latham & Watkins and Skadden Arps Slate Meagher & Flom. The firm posted global revenues of $2.1bn in the 2007 calendar year as a collective figure for their operations in Europe, Middle East and Africa (EMEA) and US operations. Because of the increase of revenue by 19 percent from last year’s figure, DLA Piper has the distinction of having one of the most significant turnovers.
Source: www.thelawyer.com
