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Shearman & Sterling Partners Face Possible Demotions

By Julie Triedman and Anna Ward |

The Am Law 100 firm, despite repeated denials, is considering a plan to remove some partners from the equity ranks in order to boost profits. Shearman & Sterling has watched its finances slip in recent years.

The Global 100: Rankings and Analysis of the World’s Biggest Firms

Top-grossing law firms saw slow and steady growth over the past year, with revenues and profits increasing. But challenges abound.

Survey Reveals the World's Best Legal Brands

By Jennifer Henderson |

Baker & McKenzie is No. 1 again, and the Magic Circle is rising in the Acritas Global Brand Index.

For the World's Top-Grossing Firms, Slow and Steady Growth

The Global 100 saw revenue and profits per partner rise, our exclusive survey shows. Still, challenges abound.

The Churn

McDermott Keeps Hiring, Plus More Lateral Moves

By Brian Baxter |

The Chicago-based firm hires a handful of new partners ahead of new leadership; Kirkland & Ellis adds Paul Clement and others; Goodwin Procter hires from GE; comings-and-goings at Manatt, Phelps & Phillips; O’Melveny & Myers recruits an Israeli practice head; and other notable additions from throughout The Am Law 200.

The Forecast for Big Law in 6 Key Markets

By Nicholas Bruch, senior legal analyst, ALM Intelligence |

Political turmoil, slow growth and more are forcing some firms to reconsider expansion plans.

Full Pay for Less Work Greets Proskauer Parents Returning From Leave

By Nell Gluckman |

A new program allows primary caregivers to work a 75 percent schedule while receiving 100 percent of their preparental leave pay.

Legal Networks Hit Back at Dentons' Nextlaw Claims

By Julie Triedman |

Already the world's largest firm by lawyer head count, Dentons is set to roll out its giant referral network, one that includes 250 firms and 18,000 lawyers globally. But the traditional legal networks are fighting back.

Longtime GE In-House Legal Chief Returns to Goodwin Procter

By Meghan Tribe |

Goodwin Procter announced Monday its hire of Brackett Denniston III as senior counsel in Boston. Denniston, who retired last year as general counsel at General Electric Co., has previously been a partner at the firm.

Toronto

DLA Piper's Canadian Arm Bolts on Toronto Firm

By Julie Triedman |


A week after Norton Rose Fulbright absorbed a Vancouver firm and Dentons affiliated with a high-profile Canadian consultancy, rival global legal giant DLA Piper has picked up Toronto-based IP shop Dimock Stratton.

Caesars Palace in Las Vegas

Caesars Deal Means End of Fee Frenzy for Bankruptcy Lawyers

By Julie Triedman |

A $5 billion agreement resolves billions of dollars in potential damage claims by disgruntled creditors, and brings the bankruptcy, which has spun off as much as $200 million in legal fees to a group of firms, a giant step closer to an end.

Rolled up scroll of US 100 dollar bill on a fishing hook. A concept of deceiving someone in several fields/market/trading i.e. financial, currency, forex, stock, equity, bond, derivatives, shares, etc

Three Bankruptcies and More Big Firm Creditors, Even Bingham

By Brian Baxter |

Bingham McCutchen may have dissolved two years ago into Morgan, Lewis & Bockius, but the Boston-based firm is still listed as an unsecured creditor in the bankruptcy this month of defense contractor Fansteel Inc. Outstanding legal bills also resulted in eight other firms being listed as creditors in two more bankruptcy cases.

Deal Watch: Agro Acquisitions a Boon to Big Firms

By Meghan Tribe |

The proposed $66 billion merger between Bayer AG and Monsanto Co. and $36 billion tie-up between Agrium Inc. and the Potash Corp. of Saskatchewan are providing high-profile transactional and regulatory work for at least 16 firms.

Cadwalader Latest Big Firm to Close Offices in China

By Julie Triedman |

In what Cadwalader, Wickersham & Taft has called an attempt to refocus on its core clients, the Wall Street firm confirmed Thursday its withdrawal from bases in Beijing and Hong Kong. Fried Frank and Chadbourne & Parke have made similar moves within the past 15 months.

Handout

Legal Woes Behind Bankruptcy of Another For-Profit Educator

By Meghan Tribe |

ITT Educational Services Inc., owner of Indiana’s ITT Technical Institute and New Hampshire’s Daniel Webster College, filed for bankruptcy on Sept. 16 in Indianapolis. Faegre Baker Daniels has taken the lead for the company in its Chapter 7 liquidation

Global Legal Award Winners Announced. And the Winners Are...

The American Lawyer honors the most important and creative cross-border work of the year in citizenship/pro bono, disputes, finance and mergers and acquisitions.

Russian Legal Market Shows Signs of Life as Two US Firms Tout Hires

By Chris Johnson |

After being somewhat of a Big Law wasteland in recent years, Moscow has regained some lost luster, as Baker Botts and Quinn Emanuel Urquhart & Sullivan both announced senior hires in the city this week.

Dacheng founder Peng Xuefeng and Dentons global chair Joseph Andrew at a signing ceremony in Beijing in 2015.

Amid Global Growth, Firms Weigh Risks and Rewards

By Katelyn Polantz |

In a world of global giants, lawyers at the International Bar Association pondered the pros and cons of cross-border expansion.

In Vaping Bankruptcy, No Smoke, But Plenty of Unpaid Legal Bills

By Meghan Tribe |

NJOY Inc., one of the nation's largest electronic cigarette makers, has filed for bankruptcy in Delaware. The company owes millions in outstanding legal fees to lawyers from several firms, including DLA Piper and Goodwin Procter.

UK's First Publicly Listed Law Firm Makes Another Acquisition

By Chris Johnson |

The U.K.'s first publicly listed law firm has continued its post-IPO expansion, acquiring property consultancy Hamer Associates for $2.68 million.

Cosi restaurant.

Cosi's Bankruptcy Takes Bite Out of Cadwalader

By Meghan Tribe |

Cosi Inc. filed for bankruptcy this week in its hometown of Boston. The fast-casual restaurant chain has hired a 100-year-old firm to represent it in its Chapter 11 case, one in which it owes nearly $147,000 to New York’s oldest firm.

Alberta

Another Day, Another Big Firm Merger in Canada

By Meghan Tribe |

Combination, eh? After global legal giants DLA Piper and Norton Rose Fulbright sought to expand their presence up north within the past week, two of Canada's largest provincial law firms have announced their intention to merge.

Chicago.

After Hush-Hush Opening, Manatt Mulls Broader Chicago Offering

By Roy Strom |

Big law firms often trumpet a new office in a new city as a sign of increased demand for the firm and an investment in the future. That's not the case with Manatt, Phelps & Phillips' new base in the Windy City.

As Cybersecurity Hurdles Loom, Smaller Firms Face Big Challenges

By Meghan Tribe |

State regulators in New York this month proposed new rules that would subject law firms to annual cybersecurity assessments. Is your firm ready?

Infoblox Santa Clara, CA.

Deal Watch: Tech Transactions Keep Corporate Practices Humming

By Meghan Tribe |

There have been $100 billion in IT and software deals in 2016 and last week another $4.2 billion got tacked on to that sum with the sales of Infoblox Inc. and Avnet Inc.'s technology solutions business. A bevy of big firms grabbed roles on those two deals.

Detroit.

Honigman Partner Who Saved Detroit’s Art Joins Jones Day

By Roy Strom |

A year after Jones Day opened an office in Detroit following its representation of the Motor City in its landmark Chapter 9 case, the firm has hired litigation partner Arthur O'Reilly, a former vice chairman of Honigan Miller Schwartz and Cohn.

Brexit Aftermath: What's in Store for Big Law

By Staff |

Updates on a host of developments in the wake of the United Kingdom's vote to leave the EU.

The Global 100

Where U.S. Firms Have Expanded Abroad

By Meghan Tribe |

American law firms have established themselves all over the globe, but some markets are more vibrant than others, our data shows.