Law news

McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth

Law news - Thu, 02/22/2024 - 16:15

The firm said there was some underperformance in Europe compared with the firm's US output, but London revenue rose 31% in 2023.

      
Categories: Law news

Bar Associations and Human Rights Arms Speak Out on Navalny's Death

Law news - Thu, 02/22/2024 - 15:52

'This is a pattern we have seen too many times with the imprisonment, and murders of Russian opposition figures,' said the director of the International Bar Association's Human Rights Institute.

      
Categories: Law news

Allen & Overy Hires 5-Lawyer Milbank London Team Ahead of Merger

Law news - Thu, 02/22/2024 - 11:06

The move comes just months ahead of the the firm's merger with Shearman & Sterling.

      
Categories: Law news

Quinn Emanuel's Revenue Up Nearly 28%, as PEP Rises More Than 38%

Law news - Wed, 02/21/2024 - 21:48

Roughly 8% of the firm's $2.07 billion in revenue came in the form of contingency fees, according to Michael Carlinsky, one of three co-managing partners at the firm.

      
Categories: Law news

Freshfields Hires Hogan Lovells' Global Energy Transition Head

Law news - Wed, 02/21/2024 - 12:36

Energy transition is a growing sector for law firms, as large corporates seek new ways of reducing carbon emissions, particularly in the EU where the legal framework is developing rapidly.

      
Categories: Law news

Garrigues Hits 454M Revenue as Firm Charts 10 Years of Growth

Law news - Wed, 02/21/2024 - 12:03

However, the firm's growth trajectory has slowed, with leaders citing 'global geopolitical crisis and political and institutional instability'.

      
Categories: Law news

Latham & Watkins Elevates 19 Counsel to Partner

Law news - Wed, 02/21/2024 - 11:30

The firm's bases in Washington DC, New York, Riyadh and Hamburg saw the most promotions, but the overall round was smaller than last year.

      
Categories: Law news

Quinn Emanuel's John Quinn: 'Climate Change-Related Litigation Is Going to Be a Real Growth Area'

Law news - Wed, 02/21/2024 - 00:30

John Quinn, co-founder of one of the world's leading litigation firms, talks about global litigation opportunities, the rise of class actions in Europe and podcasting about the law.

      
Categories: Law news

France's Fidal and Its Network Partners Look to Expand Arbitration Work in Africa, Europe

Law news - Wed, 02/21/2024 - 00:05

The French law firm has hired Africa-focused international arbitration partner Manuel Tomas at a time when international companies and their law firms are looking to tap into Africa's fast-growing markets.

      
Categories: Law news

Gabon Takes Over Oil Business, Overrides $1.3B Agreement With French Energy Company

Law news - Tue, 02/20/2024 - 11:53

Lawyers on the deal said the Central African country was within its rights to take over the oil company despite the previous agreement.

      
Categories: Law news

Baker McKenzie's Verein Structure Heavily Scrutinized in US Malpractice Case

Law news - Mon, 02/19/2024 - 23:00

The firm argues that the case 'has no merit', and has accused its former client of 'forum shopping', calling its lawsuit an 'affront' to certain legal doctrines.

      
Categories: Law news

Lloyd's of London Appoints First New GC in 27 Years

Law news - Mon, 02/19/2024 - 16:49

It is the latest in a handful of recent changes at large corporate legal departments in London.

      
Categories: Law news

Reed Smith Adds Fourth McDermott Private Equity Lawyer in Last Nine Months

Law news - Mon, 02/19/2024 - 07:00

The McDermott partner was previously the global head of private equity at Hogan Lovells.

      
Categories: Law news

Deals Are Back. But Don't Get Too Excited

Law news - Sun, 02/18/2024 - 23:43

Kirkland & Ellis, Latham & Watkins, Skadden, Arps, Slate, Meagher & Flom and other law firms with large transactional practices may see the recent rush of deals as the sign they've been waiting for. The Global Lawyer suggests they may want to curb their enthusiasm.

      
Categories: Law news

Meta, Apple, Now OpenAI: Is Ireland Really a 'Business Friendly' Data Privacy Beachhead?

Law news - Fri, 02/16/2024 - 23:09

OpenAI's choice to establish itself in Ireland and take advantage of the GDPR's one-stop-shop mechanism is not surprising to legal professionals. But it may not be as straightforward as it seems.

      
Categories: Law news

Paul Hastings Poaches Latham Partner Duo In London

Law news - Fri, 02/16/2024 - 15:23

The additions follow other hires the firm has made in the UK and Europe recently, including Nikolaos Paschos from Latham in Germany.

      
Categories: Law news

Industry Luminary Clare Maurice on Being A&O's First Female Partner and Avoiding the 'Downward Spiral'

Law news - Fri, 02/16/2024 - 12:03

Maurice was appointed an A&O partner in 1985 and founded the private client spin-off firm Maurice Turnor Gardner in 2009.

      
Categories: Law news

Six Firms Guide 1.52 Billion Take-Private Bid for French Digital Music Company Believe

Law news - Thu, 02/15/2024 - 23:08

Paul Hastings, White & Case, Simpson Thacher and three French firms are among the advisers.

      
Categories: Law news

Korean Air Clears Second Final Merger Clearance for $1.4B Asiana Airlines Deal

Law news - Thu, 02/15/2024 - 21:48

Jones Day, Allen & Overy, DLA Piper, O'Melveny & Myers, Shin & Kim and Kim & Chang are all advising on the deal.

      
Categories: Law news

Bird & Bird CEO: 'We Want to be a 1B Law Firm in 5 Years'

Law news - Thu, 02/15/2024 - 12:36

With a current global revenue of 568.7 million, the target means the firm will have to nearly double its income by 2029.

      
Categories: Law news