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Another Busy Year for Law Firm Deals, But What's Left to Snatch Up?
Legal consulting firms Altman Weil Inc. and Fairfax Associates have issued reports on the state of the law firm merger market in 2016. Last year may have missed out on setting a record for combinations, but it did confirm a trend: In the post-recession legal market, managing partners are more acquisitive than ever.
King & Wood Mallesons Stops Paying European Staff as Administration Looms
King & Wood Mallesons (KWM) has put 100 members of staff on unpaid leave, pending redundancy, as the firm's Europe, UK and Middle East (EUME) arm draws closer to administration.
Norton Rose Fulbright Heads to PNG, Plus More Lateral Moves
Global legal giant Norton Rose Fulbright looks to new horizons; Akin Gump and Fox Rothschild reel in some new recruits; Cooley and Goodwin Procter keep growing; Weil make a high-profile antitrust hire; and other notable additions from throughout The Am Law 200.
Former senior partner Kon resigns from KWM Europe as firms circle
King & Wood Mallesons' (KWM) former Europe and Middle East (EUME) senior partner Stephen Kon has resigned, as multiple firms circle various parts of the embattled business.
Quinn Emanuel Bulks Up Antitrust Practice in Brussels
Trevor Soames, who previously practiced at Howrey and Shearman & Sterling, joined the litigation powerhouse Tuesday. The antitrust lawyer had started his own boutique in November.
Quinn Emanuel Adds London Fraud Litigator
Mark Hastings, head of civil fraud at British firm Addleshaw Goddard, is leaving the firm to become a partner in the disputes practice at Quinn Emanuel Urquhart & Sullivan in London.
Return of the Churn, Plus (Many) More Lateral Moves
Arnold & Porter Kaye Scholer and Eversheds Sutherland get a head start on the hiring front; Willkie, Proskauer and Goodwin Procter recruit from King & Wood Mallesons; Simpson Thacher and Sullivan & Cromwell dip into the lateral market; White & Case expands in Oz; and other notable additions from throughout The Global 100.
An Innovative Approach To Law Firm Innovation
The legal services industry isn't exactly known for innovation. Lawyers are inherently conservative and change averse animals, and law firms have as a result tended to be years behind other professional services businesses when it comes to areas such as technology, working practices, business development and marketing.
Private Equity-Backed Law Firm Acquires Two Businesses
A London-based law firm that was established with the help of private equity funding has continued to expand by acquiring two businesses.
EY Report: Brexit Could Cost London 18,000 Legal, Accounting Jobs
A report by Ernst & Young states that London could lose 18,000 legal and accounting services jobs if the U.K. no longer has access to the single market once the country leaves the European Union. The accounting giant estimates that a loss of passporting rights for euro-denominated clearing could cost London a total of 83,000 jobs.TRENDING STORIES
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Corporate Transparency Act Resource Kit
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Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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