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Solid PEP Growth and Integration Success Mark Promising Start for Transatlantic Giant

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Justin Herbertsmithmerger

Merged firm delivers on strategy HSF Kramer has posted robust first-year results following its high-profile merger, reporting global revenue of $2.4 billion (£1.8 billion) for the financial year ending 30 April 2026. The figures cover a full 12 months of legacy Herbert Smith Freehills performance alongside 11 months of legacy Kramer Levin, following the combination […]

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$74M Legal Negligence Claim Against Orrick Collapses on Limitation Grounds

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Orrick

The English High Court has handed Orrick Herrington & Sutcliffe a decisive win, granting summary judgment and striking out a $74 million negligence claim against its London office on limitation grounds.

In a ruling that turned heavily on timing, Mr Justice Cotter found that the claimants, a Nigerian company and its two owners, had failed to bring their case within the required statutory period, describing their delay in pursuing the claim as “truly extraordinary.”
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Merger Mayhem As New Firm Feels The Heat With Aircon Collapse

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Heatwavelondon

The newly merged Hogan Lovells–Cadwalader outfit hit an unexpected snag last week in London one measured in degrees rather than deal value. Staff at Atlantic House have been told to work remotely for at least two weeks after a total air conditioning failure sent office temperatures soaring past 30°C, with some reports suggesting highs of

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Linklaters Smashes Record as Aggressive US Expansion Pushes to Unprecedented FY26 Heights

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Linklatersnewyork

Tom Borman Following a blockbuster run that saw the firm smash the billion-pound profit ceiling in recent years, Linklaters has once again rewritten its own record books. According to the firm’s newly released FY26 financials, the firm has posted unprecedented revenue and profit-per-equity-partner (PEP) figures, confirming what the market has been whispering: Linklaters’ aggressive transatlantic

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Freshfields Cut Its European Partners. Its New York Partners Got A Raise.

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Freshfield

Freshfields’ US growth ambitions has forced out equity partners across London, Paris and Germany, the Financial Times reported on 13 July, weeks after a pay overhaul left dozens of its roughly 500 partners holding fewer equity points.

Freshfields reset its internal exchange rate from $1.60 to the pound down to about $1.30, then handed extra points to its top US earners so their dollar pay held. Points are a share of a fixed pool and Freshfields’ European partners are the pool.

The Financial Times reported this week that Freshfields has culled equity partners in recent weeks, with its London headquarters and its Paris and German offices all seeing exits and equity downgrades.

City AM ran it as a shake-up to fund the American push, which it is. What neither write-up reached is the ledger entry that explains it, and that ledger entry has been sitting in public since March.
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Linklaters Hire Former Paul Weiss Disputes and Sports Lawyers

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Chris

Linklaters has intensified its push into the US legal market with the hire of veteran litigators H. Christopher Boehning and Daniel Levi from Paul Weiss, bolstering both its disputes capability and its global sports practice. Boehning will chair Linklaters’ Global Sports Practice and US Strategic Disputes group, bringing heavyweight clients including FIFA and Regeneron. The

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Sports Law News – Paul Hastings Scores NFL and NBA Adviser in Sports Law Push

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Chidi sportslawyer

Paul Hastings has continued its aggressive expansion in the high-stakes link between private capital and sport, hiring funds and sports specialist Chidi Oteh from Ropes & Gray as a partner in Boston. Oteh advises hedge funds, private equity sponsors and institutional investors, but has also built a formidable sports practice, acting for clients including the

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Australia’s First $10 Million Law Partner? The Race Is On

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Australia lawyer earnings

Australia is on the cusp of producing its first A$10 million‑a‑year law firm partner – and the smart money says that partner will sit at Corrs Chambers Westgarth or Gilbert + Tobin, according to a legal journalist who should know.

Veteran legal affairs journalist Michael Pelly made the claim in his Capital Brief’s Prima Facie newsletter, reporting that Australian legal partner earnings at the very top of the market have accelerated sharply since the pandemic, driven by fierce competition for rainmakers and a sustained boom in high‑value corporate work.
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Sidley Raids Clifford Chance for Five-Partner US Finance & Tax Team

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Yvette Ostolaza on LawFuel - Appointed to Sidley role

Sidley Austin has deepened its raid on Magic Circle rival Clifford Chance, hiring a five-partner finance and tax team in New York and Washington, D.C., to bulk up its global finance and tax platforms. The group is led by former Clifford Chance US global financial markets co-head Lee Askenazi, alongside finance partners Alistair Dunlop, Rebecca

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