Law news
'One Firm' or Separate Entities? Vereins' Growth Bumps Into Conflicts, Liability Concerns
A ruling from an appellate court in the U.S. has put Baker McKenzie's structure under scrutiny, two years after Dentons was saddled with a $32 million malpractice verdict that also implicated the firm's verein status.
McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth
The firm said there was some underperformance in Europe compared with the firm's US output, but London revenue rose 31% in 2023.
Bar Associations and Human Rights Arms Speak Out on Navalny's Death
'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.
Quinn Emanuel's Revenue Up Nearly 28%, as PEP Rises More Than 38%
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.
Freshfields Hires Hogan Lovells' Global Energy Transition Head
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.
Garrigues Hits 454M Revenue as Firm Charts 10 Years of Growth
However, the firm's growth trajectory has slowed, with leaders citing 'global geopolitical crisis and political and institutional instability'.
Latham & Watkins Elevates 19 Counsel to Partner
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.
Quinn Emanuel's John Quinn: 'Climate Change-Related Litigation Is Going to Be a Real Growth Area'
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.
France's Fidal and Its Network Partners Look to Expand Arbitration Work in Africa, Europe
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.
Gabon Takes Over Oil Business, Overrides $1.3B Agreement With French Energy Company
Lawyers on the deal said the Central African country was within its rights to take over the oil company despite the previous agreement.
Baker McKenzie's Verein Structure Heavily Scrutinized in US Malpractice Case
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.
Deals Are Back. But Don't Get Too Excited
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.
Meta, Apple, Now OpenAI: Is Ireland Really a 'Business Friendly' Data Privacy Beachhead?
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.
Paul Hastings Poaches Latham Partner Duo In London
The additions follow other hires the firm has made in the UK and Europe recently, including Nikolaos Paschos from Latham in Germany.
Industry Luminary Clare Maurice on Being A&O's First Female Partner and Avoiding the 'Downward Spiral'
Maurice was appointed an A&O partner in 1985 and founded the private client spin-off firm Maurice Turnor Gardner in 2009.
Six Firms Guide 1.52 Billion Take-Private Bid for French Digital Music Company Believe
Korean Air Clears Second Final Merger Clearance for $1.4B Asiana Airlines Deal
Jones Day, Allen & Overy, DLA Piper, O'Melveny & Myers, Shin & Kim and Kim & Chang are all advising on the deal.