Stories making recent headlines on LawFuel . .
- Big Law’s Big Fee Growth Continues
Paul Hastings has seen a major growth spurt post-COVID but other firms are seeing healthy returns too LA-based Paul Hastings has hits its financial straps big time with a global revenue growth figure of 20 per cent hitting USD1.57bn in revenues. The firm’s London office achieved a fee income growth rate of over 40 per … - Who Are The Oligarchs Lawyers And The ‘Lawfare’ Claims Made In Their Names?
Oligarch lawyers in the UK are named and lawfare claims face increased scrutiny - UK Debate Shines Spotlight on Lawyers Who Act For Oligarchs
‘Londongrad’ is under threat with the Ukraine war and the pressure on ‘enabling’ lawyers who act for oligarchs Lawyers who act for oligarchs in Britain are under intense pressure from multiple quarters to take action against ‘Londongrad’, or the ‘London laundromat’ that is used to launder Russian money. Lord Carlile QC said in the House …UK Debate Shines Spotlight on Lawyers Who Act For Oligarchs Read More »
- The BigLaw Partners Earning Big Money at Kirkland & Ellis . . And Where That Leaves The Rest
Kirkland & Ellis is a billion dollar revenue machine but it still faces issues attracting key legal talent – why? - Legal Services Immunity in the Face of the Pandemic‘What pandemic?’ the legal services markets seem to say . . Legal services revenues have not been touched by the pandemic during the past year, according to figures in the UK that show a major growth in revenues for the sector – a fact that is also evident with the US legal sector. The UK’s …
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- The Power Lady Lawyer Who Has Depleted Boies Schiller in London
The Power lady lawyer who has set up her own litigation power house law firm in London - Stripping Prince Andrew – But The Legal Sex-Suit Troubles Remain Unaddressed
Buckinham Palace has removed the Duke of York’s royal privileges, but the recent US Court ruling leaves Prince Andrew in a pile of trouble over the Epstein-related legal proceedings, even as Epstein’s former lawyer Alan Dershowitz continues to push a defense similar to that tried by Epstein before his death. Prince Andrew’s motion was an …Stripping Prince Andrew – But The Legal Sex-Suit Troubles Remain Unaddressed Read More »
- The Sanity-Defying Faustian Pact Struck By Biglaw Junior LawyersThe salaries may be eye-popping and the addition to their CVs prestigious, but for midnight-oil burning junior lawyers working at Biglaw firms the deal is largely a ‘Faustian pact’, as lawyers continue to leave elite law firms despite the money and prestige . . but the deals and work continues to flow. UK legal services …
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- How Technology Will Shape Law Firm Success in 2022
Law firm success in 2022 will depend upon technology to retain legal talent and obtain new clients - Dubai Ruler’s Record-Breaking Divorce Settlement – And The Legal Fees To MatchA record-breaking divorce settlement has been achieved by Dubai’s ruler who has been ordered to pay his former wife and two children up to £554m in what is believed to be the biggest divorce settlement awarded by an English court. The legal fees for the massive settlement are believe to be around £150m (almost USD$200m). …
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- Is The Lockstep Model On Its Last Legs? Linklaters The Latest To Alter The Model
Just after we reported on changes being made to hourly billing, (from Freshfields) we read that Linklaters are changing from the traditional lockstep compensation model for their partners, driven by competition and a need to attract and retain legal talent. The news comes from a Financial Times report indicating that senior partner Paul Lewis indicating …Is The Lockstep Model On Its Last Legs? Linklaters The Latest To Alter The Model Read More »
- Highest-Paid Law Firm Provides New, Fast-Track Promotion Opportunity
Kirkland & Ellis is the highest-earning law firm in the world and as if that isn’t enough attraction for many lawyers, the latest alteration to the law firm’s attraction has been to shorten the road to equity partnership by a year – straight to highest-paid law firm top tier position. The move is made against …Highest-Paid Law Firm Provides New, Fast-Track Promotion Opportunity Read More »