In the inexorable march toward greater global consolidation, will law firms steer clear of the verein structure?
Choate Hall & Stewart reported record-high revenue and profit in 2016 and its revenue per lawyer is now among the highest of any law firm based in the U.S.
The decline in gross revenue was caused entirely by currency exchange rates and did not reflect what the firm called a "very solid" year.
Fried, Frank, Harris, Shriver & Jacobson had what global chair David Greenwald described as its best ever year in 2016, with the firm posting record numbers across all key metrics.
Phil Ivey has been granted permission by the U.K. Supreme Court to challenge a decision by the Court of Appeal.
Latham & Watkins increased its gross revenue in 2016 for a seventh consecutive year.
Allen & Overy has continued its U.S. hiring spree with the recruitment of a three-partner finance and securities team from Paul Hastings, including former leveraged finance head Bill Schwitter.
A significant increase in contingency fee income helped Fish & Richardson continue its growth in 2016, with the firm posting solid gains in both revenue and profit.
Dechert has been dealt a blow in its long-running fee dispute with a former client, with a High Court judge in the U.K. ruling Friday that the company can proceed in its attempt to recover millions of dollars from the firm.
London-based insurance specialty firm Clyde & Co has opened new offices in Chicago and Washington, D.C., after hiring 10 partners from Troutman Sanders.