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International Law News from The American Lawyer
Updated: 1 hour 33 min ago

'One Firm' or Separate Entities? Vereins' Growth Bumps Into Conflicts, Liability Concerns

Fri, 02/23/2024 - 11:00

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.

      
Categories: Law news

McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth

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

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

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%

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

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

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

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'

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

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

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

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

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

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

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?

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

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'

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

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

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