Law news

Osborne Clarke Snags an Energy Partner in Berlin from Noerr

Law news - Tue, 04/02/2024 - 00:31

The departure is the second partner loss for the German firm in less than a month.

Categories: Law news

Boies Schiller Flexner Bounces Back With Revenue, Head Count Gains in 2023

Law news - Mon, 04/01/2024 - 21:56

After years of declining head count and revenue, the litigation shop is back in growth mode, including a new Rome office and a continued rebuild of its office in London.

Categories: Law news

Freshfields, Ashurst Advise on McLaren Takeover by Bahrain Sovereign Wealth Fund

Law news - Mon, 04/01/2024 - 18:30

The deal is a capital reorganization for McLaren, the automotive company, which has recently had financial difficulties exacerbated by the COVID-19 pandemic.

Categories: Law news

Google Settlement With French Competition Authority May Spur News Publishers to Claim Retroactive Compensation, Lawyer Asserts

Law news - Sun, 03/31/2024 - 21:01

The regulator said Google failed to notify it or news publishers that it was using their content to train its AI platform.

Categories: Law news

Revenue Flattens at Dechert, But Firm Sees 'Turnaround' in Interest Rate-Sensitive Practices

Law news - Fri, 03/29/2024 - 22:36

In London, Dechert experienced its second-strongest year, said co-chair David Forti, who noted that firmwide, the last three years as a whole "were the best three years we've ever had."

Categories: Law news

Laggards or Vanguards: Are US, EU Lawyers Approaching AI the Same Way?

Law news - Thu, 03/28/2024 - 21:07

The U.S.' lead with generative AI models and the EU's broad regulation of the technology may eventually set the stage for two potentially different AI markets.

Categories: Law news

Revenue Per Lawyer Hits New Peak at Reed Smith, as Profits Stagnate Amid Mounting Costs

Law news - Thu, 03/28/2024 - 20:12

"We saw financial growth from top 200 clients, including significant increases in international engagements, which indicates that our global platform is working for our international clients," said global managing partner Casey Ryan.

Categories: Law news

EU's Use of Controversial M&A Review Power Should Remain 'Exceptional,' Departing French Regulator Says

Law news - Thu, 03/28/2024 - 20:01

The French competition authority's M&A chief, who is leaving to launch a competition economics service at a financial consultancy, also says France's revenue thresholds for merger scrutiny should change to reflect new realities.

Categories: Law news

'Puppy Yoga is Not a Wellbeing Strategy': Are Law Firms Doing Enough on Mental Health?

Law news - Thu, 03/28/2024 - 12:48

The campaign for mental health in the legal industry has surged in the last month following the Vanessa Ford tragedy, but hardly any firms appear to be considering changes to their wellbeing programmes.

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High Court Overturns Three Judgments to End Azima Hacking Case

Law news - Thu, 03/28/2024 - 11:29

In February, Azima accepted Dechert's offer to settle the portion of their dispute playing out in London, which includes £3 million in damages and likely many million more in costs.

Categories: Law news

Linklaters Partner Promotions Fall Steeply on Last Year

Law news - Wed, 03/27/2024 - 16:14

The promotions span 14 countries across Asia, Europe and U.S., with the majority of lawyers based in the firm's UK offering.

Categories: Law news

Redefining Humanity's Relationship with the Animal Kingdom through Legal Reform

Law news - Wed, 03/27/2024 - 12:49

More than 40 countries have recognized animal sentience by law, and an increasing number of countries have enacted first ever anti-cruelty laws or are updating existing laws to better protect animals.

Categories: Law news

CMS Joins the Harvey Brigade—Announces 'Phased' Rollout Across Member Firms

Law news - Wed, 03/27/2024 - 12:25

Other firms to have entered into partnerships with Harvey, which is backed by the OpenAI Startup Fund, include Allen & Overy, Macfarlanes, and UAE-based Al Tamimi & Co.

Categories: Law news

Winston & Strawn Sets Firm Revenue and Profits Records

Law news - Tue, 03/26/2024 - 23:09

The firm wants to increase its focus on markets outside of the U.S. moving forward, with London and Paris being priorities, said chair-elect Steve D'Amore, who will take the reins from lontime chair Tom Fitzgerad this summer.

Categories: Law news

Why Law Firms Must Be More Entrepreneurial

Law news - Tue, 03/26/2024 - 12:28

Harbour's Maurice MacSweeney says firms that prioritise innovation in pricing, new tech, and external finance, will end 2024 in good health.

Categories: Law news