Posts cover breaking news about
large law firm mergers, significant partner moves and leadership changes, law firm bankruptcies, insights into how technology is changing the delivery of legal services, how in - house counsel are approaching their work and the ways in which litigation and new regulations are changing the legal business landscape.
Not exact matches
Dentons is now comfortably the world's
largest law firm by headcount, with almost 7,500 lawyers in 55 countries around the world — a figure that is unlikely to stop rising any time soon, as the
firm continues to secure
merger deals around the world.
Already in Canada, we've seen the Norton Rose / Ogilvy Renault
merger change the local
law firm landscape — there are already several
firms larger than some of the «Seven Sisters,» and Norton Rose OR will surpass them all in size.
Legal Week reported Thursday that
law firm DLA Piper, which will become the
largest in the world following a
merger with its Australian partner DLA Phillips Fox, has distributed to partners a 2011 - 2014 strategic plan that contains an interesting requirement for new clients:
The
firm earned national recognition in the 2017
Law360 400 ranking of the
largest U.S.
law firms, which showed Goldberg Segalla to be the
firm growing the fastest without taking part in a
merger.
Driven by international
mergers, the world's 50
largest law firms by revenue saw turnover climb by an average of 7.4 % last year to reach a combined total of $ 63.5 bn (# 40bn).
According to ABA data, 82
law firm mergers were approved in 2014 alone, reflecting the
larger trend of a shrinking legal services industry that eliminated 1,400 jobs in the first month of this year.
Gowling WLG, Stewarts
Law and Charles Russell Speechlys have emerged as the fastest - growing UK top 50
firms during the past five years, according to data compiled by Legal Week that shows the extent to which
firms» revenue growth has been driven by
mergers and the challenges
larger firms have faced to increase their top line organically.
Based on the news last week that Pinsent Masons is in
merger talks with Scotland's
largest law firm, McGrigors, it seems the answer many
firms still hit upon is to grow.
Clyde & Co and Barlow Lyde & Gilbert are in advanced
merger talks, Legal Week can reveal, with a potential deal set to create a # 300m
law firm in one of the
largest - ever unions between two UK practices.
«There aren't necessarily that many attractive
large law firms — at this point, it's either
firms that are top of the grade that are not going to be open to a
merger in which they lose their brand and
firms that don't have as much attractiveness for the global market,» he says.
The
merger talks, exclusively revealed by Legal Week on 3 June, have now reached advanced stages, with both
firms this week discussing with clients and partners a high - stakes deal that would be the
largest - ever
merger between two UK
law firms.
Slaughter and May, Allen & Overy (A&O) and a trio of Indian
law firms have taken lead roles on the multibillion - dollar
merger of Vodafone India and Indian telecoms company Idea, a deal that will create the country's
largest telecoms operator.
In this video, Allen & Overy (A&O) senior partner David Morley talks to Legal Week editor Georgina Stanley about how A&O has changed in his 35 years at the
firm, the
firm's progress in the US and the challenges facing all UK
firms in the States, and the likelihood of
mergers between the world's
largest law firms.
Barlow Lyde & Gilbert and Clyde & Co have approved the
largest - ever
merger between two UK
law firms, with the combined
firm to operate under the Clyde & Co banner when it launches later this year.
Throughout his career, John has focused his practice on partner representation in the lateral market, practice group acquisition and
firm mergers for diverse clients from top national and global
law firms, regional U.S.
firms and
large public and private companies.
HONG KONG — International
law firm Dentons and China's Dacheng Law Offices have agreed on a merger that is expected to create the world's largest law firm and would be only the second time a global firm and a domestic Chinese firm have joined forc
law firm Dentons and China's Dacheng
Law Offices have agreed on a merger that is expected to create the world's largest law firm and would be only the second time a global firm and a domestic Chinese firm have joined forc
Law Offices have agreed on a
merger that is expected to create the world's
largest law firm and would be only the second time a global firm and a domestic Chinese firm have joined forc
law firm and would be only the second time a global
firm and a domestic Chinese
firm have joined forces.
«2016 will see people scratching their heads at a
large number of abrupt
law firm mergers (takeovers, more accurately) where the target
firm was not in any obvious, public, or long - running distress.
(The
merger, the
largest ever completed between two U.K.
law firms, was the subject of a feature story in the October 2011 issue of The American Lawyer.)
In January, DLA officially became the world's
largest law firm with 4,000 lawyers under its banner after announcing a
merger with Australian alliance partner DLA Phillips Fox.
The world's
largest law firm has grown again, entering the legal market in Kenya and Mauritius as part of a wider expansion that included
mergers with seven
law firms around the world.
He then joined the number 1 ranked
firm in Africa where he specialised in insurance
law and also gained experience in corporate
law (
mergers and acquisitions), where he was involved in the
largest M&A transaction to have taken place outside the USA.
Despite the consolidation of the industry through
law firm mergers and the emergence of global «mega-
firms,» the
largest law firms in the world still only account for a small percentage of market share.
Miles Brown, CEO, commented: «This
merger will make Coffin Mew one of the
largest law firms in the region — and sets us firmly on track to achieve our target of being a # 20m turnover company by 2020.
While the previous spate of
mergers and acquisitions that combined so many of the
larger firms was often in pursuit of a global footprint, few
law firms have proprietary technology or ideas to protect.
And while no
large corporate
law firm would trust a new associate to prepare a corporate
merger, graduates today have far more practical training than lawyers graduating 40 years ago.
Large law firms have long pursued
mergers, lateral hires, and growth as key strategies to increase profitability.
Writing for the majority, Sopinka J rejected the proposition that the realities of the modern practice of
law — the rise of the
large firm,
mergers, and the more regular movement of lawyers between
firms — should lead to a «slackening» of the conflicts of interests rule.
As new in - house leaders choose legal services with a mind to a model other than the billable hour, Reed predicts there will be more
mergers of the different types of alternative service providers aligned with main providers of legal services — such as
large law firms, which may require some regulatory change.
The
merger made Aikins the
largest law firm between Toronto and Vancouver at that time.
I started my career at a
large law firm doing corporate transactions,
mergers and acquisitions and securities work, however, I eventually moved out of the
law firm setting, and moved in - house.
In 2005 DLA Piper became one of the
largest business
law firms in the world through a
merger of unprecedented scope.
Before yesterday, the
largest law firm in Canada was Borden Ladner Gervais with 753 lawyers; with this
merger, Norton Rose will have more than three times that number.
Still no word yet on the possible
merger with rival T - Mobile... Auto parts maker Delphi is buying autonomous car startup NuTonomy for $ 400 million... Overstock.com aims to hold the
largest - yet initial coin offering, topping FileCoin's $ 257 million offering in August... Uber is adding a «long pickup fee» as part of an effort to make rides more attractive where drivers have to go a distance before starting the ride; the question is how it will go over with riders... AMD returned to profitability driven by sales of its Ryzen processor, per VentureBeat... Apple acquired New Zealand - based wireless charging
firm PowerbyProxi for an undisclosed sum... TechCrunch reports that Honolulu has given final approval to a
law that fines pedestrians who are looking at their phones while crossing a street.