Known for its United States bankruptcy work, Milbank Tweed Hadley & McCloy is now launching a restructuring practice in London with the hire of the chief of the practice group…
Two corporate partners are leaving the New York office of Clifford Chance for Dechert, adding to an exodus of 18 partners who have departed the London-based megafirm’s Big Apple office…
Over the past five years, megafirm Baker & McKenzie almost doubled its revenue. But last year didn’t go as well for the Chicago-based international goliath, which earns about two-thirds of…
Reportedly far ahead of the United States in developing a network of closed-circuit television cameras with which to keep an eye on the activities of misbehaving citizens, the United Kingdom…
Eager to cement client bonds and bring in new business during an economic downturn that has hurt its traditional banking clientele, a London-based megafirm is following a strategy from the…
Looking ahead to 2011, when non-lawyers will be permitted to invest in United Kingdom law firms, some private equity funds are talking about purchasing as much as a 20 percent…
Although revenue is up nearly 3 percent at the United Kingdom’s top 50 law firms, equity partner profit has plunged an average of 17 percent over the past fiscal year…
Recent news that a prominent lawyer had committed suicide, apparently under extra pressure both because of having had a baby within the year and because of the dismal economy, has…
The bar group representing solicitors in England and Wales is launching a new campaign to warn would-be lawyers that they could end up jobless and in debt.
Seemingly very successful both at work and at home, Catherine Bailey returned to work as a finance litigator around Christmas after the birth of her youngest daughter a little over…
Staff members have voted overwhelmingly in support of a temporary 10-percent pay cut at the biggest law firm in Scotland, from September to April, when the next fiscal year begins.