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
CC taps Mayer Brown for Asia Disputes Boost
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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Experienced Securities Lawyers David Worley and James Robertgelista Joins Page Perry, LLC As Partners
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 Initiates Subprime & Credit Markets Practice Group
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 Piper’s Reaches and Surpasses Revenues of $2bn
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
Paul Hastings Sustains Increased Profit and Revenue
Paul Hastings has had a second consecutive year of revenue and profit increase by 20 per cent or more. Chairman Seth Zachary reports that this increase is representative of his firm’s growth in the US, specifically in New York, and globally, particularly in London and Asia. Paul Hastings’ recent success means it has tied for second place, alongside Latham & Watkins, as being the second-largest and most-profitable California-originated firm.
Source: www.thelawyer.com
Skadden Opens in Shanghai
Skadden Arps Meagher & Flom will open a Shanghai branch Monday, February 18th, the firm has announced. Partner Gregory Miao, formerly of Beijing and Hong Kong, will head the office, which will focus on corporate and real estate law. Skadden joins a rush of moves to Shanghai, where it will join firms such as Sheppard Mullin Richter & Hampton and Fried Frank Harris Shriver & Jacobson.
Source: www.nylawyer.com
Lowenstein Sandler Elects New Managing Director
Law firm Lowenstein Sandler has announced that shareholder Gary M. Wingens has been elected new managing director of the 275-attorney firm. Wingens is the head of Lowenstein Sandler’s Mortgage Finance practice, and succeeds Michael L Rodburg.
Source: www.njbiz.com
New York Firm to Center Texas Practice in Houston
Law firm Epstein Becker & Green has announced that they will be consolidating their Texas practice to the Houston market, and thus will be closing their Dallas branch. The 13 attorneys housed in Dallas have been offered positions in the Houston office or in any Epstein Becker office they choose. Representatives of Epstein Becker say this move will strengthen and improve their Houston practice.
Source: texaslawyer.typepad.com
Top Law Firms Flock to the Middle East
Top law firms Latham & Watkins and Freshfields Bruckhaus Deringer are set to embark on initiatives to gain footing in the Middle Eastern market. Latham has hired partners from Vinson & Elkins to launch their Dubai branch, while Freshfields has relocated many of its London associates to its existing offices in the area. Allen & Overy and Clifford Chance are among the premier firms with UAE branches, solidifying a trend in efforts to capture lucrative clients in the Middle East.
Source: www.legalweek.com
