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- Big Law’s Capital Squeeze Sees Partners Pay Up, Firms Power On
The legal profession has always had a peculiar relationship with money. Partners, after all, are supposed to be owners of their firms, yet increasingly, they’re being asked to prove their commitment with their wallets. Welcome to the world of capital contributions, where making equity partner isn’t just about your billable hours anymore. It’s about how much cash you can pony up to join the club. Here’s the thing about Big Law’s approach to partner capital: there isn’t one. Survey data from about 80 Am Law 200 firms reveals a system that’s, to put it charitably, all over the shop. Log in to read more . . . - US Law Firms Double Down on Super Size London Takeover
US law firms have turned London into their most important international bridgehead, increasing their lawyer ranks in the City by nearly 60 percent over the past decade and reshaping the U.K. legal market in the process. The number of lawyers working in London offices of U.S.-headquartered firms rose from 4,889 in 2015 to 7,710 by the end of 2024, a 58 percent increase over ten years. In total, 84 U.S. firms now have a London presence, underlining the City’s role as the key European hub for U.S. practices. Please log in to read more . . - What The New Cadwalader Hogan Lovells Legal Giant Means
And a Warning for Clients in BigLaw Megamergers Ben Thomson, LawFuel… Read more: What The New Cadwalader Hogan Lovells Legal Giant Means - How BigLaw Salary Wars And AI Are Upending The Legal World
How BigLaw and AI Is Changing the Law Business Norma Harris,… Read more: How BigLaw Salary Wars And AI Are Upending The Legal World - 3,100 Lawyers, One Story Get Big, Get Niche, or Get Bought
Cadwalader’s planned merger with Hogan Lovells is less a love story and more a rescue mission with excellent branding, creating a 3,100‑lawyer, US$3.6 billion outfit that will instantly sit in the global top five by revenue. For Hogan Lovells, it is scale and New York depth; for Cadwalader, it is survival with dignity and a new logo. The combined Hogan Lovells Cadwalader will have about 3,100 lawyers and more than US$3.6 billion in annual revenue based on 2024 figures, making it the world’s fifth‑largest firm by revenue and one of the largest law firm mergers ever attempted. – Register to read more . . . - Winston & Strawn and Taylor Wessing UK to Combine
Winston Taylor to build on shared vision and culture in establishing… Read more: Winston & Strawn and Taylor Wessing UK to Combine - Women Now run Big Law’s $3 Billion Elite
Why Female Law Firm Leaders Are Changing the Business of Law… Read more: Women Now run Big Law’s $3 Billion Elite - Latham Raids Freshfields With Four-Star PE Coup
Lathams Law Raid Latham & Watkins has raided Freshfields’ in Germany… Read more: Latham Raids Freshfields With Four-Star PE Coup - Mishcon in the Firing Line as ‘Secret Sale’ Sparks Explosive A$41 Million Court Ruling
In a stinging rebuke to ethical back-room deals, an Australian Federal Court has found that Jason Karas, former partner at Lipman Karas (now LK Law), secretly brokered a deal to hand over the firm’s Hong Kong practice to London legal powerhouse Mishcon de Reya. The court ruled that Karas negotiated the deal without informing his co-founder Skip Lipman or disclosing the extent of the transfer. Log in to read more . . - Paul Weiss Recruit Three Sidley Austin Partners in Finance Sector
Paul Weiss has added to its New York finance practice by… Read more: Paul Weiss Recruit Three Sidley Austin Partners in Finance Sector
Unbelievable catalog of greed and dishonesty