The Am Law Daily The daily source for legal business news, analysis and intelligence from the editors and reporters at The American Lawyer. en-us Copyright 2017. ALM Media Properties, LLC. All rights reserved. The Am Law Daily Goodwin Nears $1B Revenue Mark as Partner Profits Stay Flat Gross revenue at Goodwin Procter hit $912 million, but revenue per lawyer and profits per partner dipped slightly amid rising head count. Fri, 24 Feb 2017 17:13:22 EST 1202779924733 Revenue Up, Profits Down at Wilson Sonsini The firm's gross revenue ticked up 2.7 percent, but revenue per lawyer and profits per partner both declined during what managing partner Doug Clark calls "a year when we invested in the business." Fri, 24 Feb 2017 16:08:39 EST 1202779914631 Law Firm Dodges Class Claims in First-of-Its-Kind Data Security Case A federal judge ruled that claims against Chicago-based Johnson & Bell for allegedly failing to protect client information must proceed individually in arbitration, not lumped together as a class. Fri, 24 Feb 2017 14:34:14 EST 1202779899498 Polsinelli Saw Strong Revenue Growth in 2016, But Partner Profits Dropped With Addition of 44 Lawyers Polsinelli's revenue grew, but profits per partner dropped as a result of a mass hire from IP boutique Novak Druce. Thu, 23 Feb 2017 18:51:09 EST 1202779814492 Sidley Austin Fraud Suit Heads to Arbitration Plaintiff Carrie Birkel claims Washington, D.C.-based Sidley partner Edward McNicholas lured her into a bogus investment after she won $10 million in a divorce. Thu, 23 Feb 2017 17:42:55 EST 1202779806634 Latham Has Another Outstanding Year, With Revenue Surpassing $2.8B Latham & Watkins increased its gross revenue in 2016 for a seventh consecutive year. Thu, 23 Feb 2017 17:00:00 EST 1202779753046 Betsy Miller and Victoria Nugent to lead Cohen Milstein's Public Client Practice Miller and Nugent will co-chair Cohen Milstein's public client practice, which focuses on representing state attorneys general and other government entities in litigation and investigations. Wed, 22 Feb 2017 20:07:18 EST 1202779634229 Steady Growth for Faegre Baker as Leadership Change Looms The firm posted a 5 percent increase in gross revenue and a solid 7.5 percent bump in profits per equity partner in 2016. Wed, 22 Feb 2017 18:37:27 EST 1202779717731 Allen & Overy Continues US Hiring Spree With 3-Partner Paul Hastings Finance Team 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. Wed, 22 Feb 2017 18:30:00 EST 1202779683290 Sidley Keeps Revenue, Profits Rising Despite Tougher Market The firm's growth didn't quite match recent years, but its leaders say they're not complaining. Wed, 22 Feb 2017 17:23:28 EST 1202779708384 Shearman & Sterling Sees Revenue Rise and Partner Profits Spike Equity partner profits jumped by nearly 20 percent last year, as the firm posted revenue growth across several practices while also cutting back its equity partner ranks. Wed, 22 Feb 2017 17:00:00 EST 1202779643407 Is Your Firm Guilty of Playing Lateral Partner Bingo? In selling their firm to lateral candidates, firm leaders are often using the same pitches as their competitors. Recruiter Dan Binstock offers advice on differentiation. Wed, 22 Feb 2017 13:25:50 EST 1202779648133 Star IP Litigator Jumps From Orrick to Goodwin Longtime Orrick, Herrington & Sutcliffe intellectual property partner Neel Chatterjee is joining Goodwin Procter's litigation department and intellectual property practice in its Silicon Valley office. Tue, 21 Feb 2017 19:37:10 EST 1202779628940 When Leaving Big Law, the Financial Struggle Is Real With 20/20 hindsight, lawyers who strike out on their own say the sacrifices can be profound. Tue, 21 Feb 2017 17:50:05 EST 1202779618776 It?s Official: Norton Rose Fulbright, Chadbourne & Parke Catch Merger Fever The year is already shaping up to be a busy one for Big Law combinations. Tue, 21 Feb 2017 11:26:24 EST 1202779548573 Deal Watch: Two Big Firms Advise on Scuttled Unilever-Kraft Heinz Merger Linklaters and Paul Weiss landed lead roles on a since aborted $143 billion takeover bid for London-based Unilever plc by Pittsburgh-based Kraft Heinz Foods Co., a megamerger that would have united two of the world?s largest food companies. Two ex-Freshfields partners also took top financial roles on the ill-fated transaction. Mon, 20 Feb 2017 15:26:05 EST 1202779524803