Estimated figures for Cleary Gottlieb Steen & Hamilton show steady growth with a two per cent increase in profit per equity (PEP) along with a nine percent increase in turnovers. Partners speculate this growth can be largely attributed to emerging markets. Despite the increase in revenue, the firm has no immediate plans to expand due to current global economic concerns.
Source: www.thelawyer.com
Baker Botts Adds New Partner
Baker Botts has announced the addition of tax attorney Felicia Finston to its Dallas office. Finston brings her 20 years of experience to the Employee Benefits and Executive Compensation team. Bakers Botts representatives stated that they look forward to utilizing her long record of excellence.
Tags: Baker Botts L.L.P. | DallasChadbourne & Park Open New Climate Change Practice
Chadbourne & Parke LLP will open a new Climate Change practice in order to address the legal and economical ramifications of the growing global warming crisis. This addition is primarily a response to clients’ environmental concerns. The group will be led by former New York Governor George E. Pataki and former Commissioner of the New York Department of Environmental Conservation John P. Cahill.
Source: www.earthtimes.com
California IP Firm Opens in Seattle
California law firm Fenwick & West LLP has opened an office in Seattle. Corporate attorneys Stephen M. Graham, Roger M. Tolbert and Alan C. Smith will head the office, which will focus on life sciences. Representatives of the firm said that they had been eying the Seattle market for some time, adding that it is attractive because of its similarities to both the Bay Area and Silicon Valley.
Source: sev.prnewswire.com
Latham Edges Toward Top Revenue Spot
Skadden, Arps, Slate, Meagher & Flom LLP is in serious danger of losing its spot at the top of revenue lists this year. Latham & Watkins has announced earnings of over two billion for 2007, an increase of 23%. If Skadden even slightly under performs, it will lose its long-standing title of highest-grossing law firm in the nation.
Source: www.law.com
Firms Rush to Take Advantage of Mortgage Mess
Since the subprime meltdown, an estimated 20 firms have opened subprime practice groups, totaling at least 500 attorneys. One of the first firms was Greenberg Traurig, whose practice began in August with 48 lawyers. This is the biggest rush to open new groups since the savings & loan crisis two years ago.
Source: www.crainsnewyork.com
Thompson & Knight Expands With San Antonio Branch
Law firm Thompson & Knight LLP has announced the opening of an office in San Antonio. Firm attorneys Jason Davis, Marina Garcia Marmolejo, and Michael McCrum will head the office, which focuses on complex litigation. This is Thompson & Knight’s fifth Texas office, with other locations in Austin, Dallas, Fort Worth and Houston.
Source: www.openpr.com
Cadwalader Bags Top Attorney
R. Ronald Hopkinson, a top private equity attorney, has been recruited by Cadwalader, Wickersham & Taft. Hopkinson was previously the global head of private equity at Latham & Watkins. Hopkinson had been with Latham since he was a first year in 1988.
Source: www.nylj.com
Fredrikson & Byron Open in Shanghai
Minneapolis-based firm Fredrikson & Byron will open an office in Shanghai, the firm has reported. The new office will be helmed by attorney Ruilin Li and will house two additional attorneys.
Source: www.bizjournals.com/twincities/
Ballard Spahr Joins Subprime Fray
Ballard, Spahr, Andrews & Ingersoll has become the latest in a string of firms to open a Subprime Practice group. These groups deal with the financial aspects of litigation and government mandates that have come out of the recent subprime meltdown. Ballard, Spahr’s team is pulled from a variety of practices including consumer finance, real estate, investment management and bankruptcy.
Source: www.dsnews.com
