Bracewell & Giuliani LLP has announced that Mark C. Roberts has been elected to the position of Firm Managing Partner. Roberts has over thirty years of experience in complex commercial litigation and has been working for Bracewell since 1977. He is the firm’s seventh Firm Managing Partner.
Source: www.businesswire.com

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

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

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

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