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February 14, 2024 | The American Lawyer

Steptoe's Revenue Grew 13% Amid Lateral Expansion and Rising Litigation Demand

Even as the equity tier expanded and the firm's profits per equity partner rose about 16% to $1.91 million. And amid lateral growth, Steptoe's total full-time equivalent head count rose about 4% to around 396 lawyers last year and revenue per lawyer climbed more than 8% to $1.2 million.
4 minute read
February 13, 2024 | The American Lawyer

Hogan Lovells Rebounds in 2023 With Most Profitable Year in History

The global firm brought in $2.68 billion in revenue, which translated into $2.74 million in profits per equity partner.
6 minute read
February 12, 2024 | The American Lawyer

Hogan Lovells Hires 23 M&A Lawyers From Orrick in Italy

Orrick said the departures are part of the firm's strategy to provide sector-specific advice, and include another exit to BonelliErede.
4 minute read
January 29, 2024 | The American Lawyer

Will Allen & Overy, Freshfields, Clifford Chance and Linklaters Find America's Streets Paved With Gold?

International law firms have been launching offices in the U.S. and paying top dollar for talent in the world's largest and most lucrative legal market. But growth potential exists elsewhere and firms shouldn't give the rest of the world short shrift, writes The Global Lawyer.
9 minute read
January 29, 2024 | The American Lawyer

Hiring From Kirkland, Paul Hastings Continues Building Restructuring Practice

The firm continues to be bullish on restructuring, almost two years after its raid of Stroock.
2 minute read
January 18, 2024 | The American Lawyer

Latest Norton Rose Fulbright Departure Sees Fintech Practice Head Relocate to Steptoe

"One troubling fact was that it was never explained internally, even to partners, why our global C-suite all the sudden departed in a short period of time," Stephen Aschettino said of his former firm. "The reasons for that have never been articulated."
5 minute read
December 29, 2023 | The American Lawyer

The Stroock Files: The Journey Through Lateral Exits, Merger Talks and Dissolution

Over a year's worth of reporting on the issues and events that led to Stroock's downfall
8 minute read
December 29, 2023 | The American Lawyer

In 2023, Group Lateral Moves Proved Economy-Proof as Firms Advanced Strategic Growth

"The big group moves are driven by the stars that are part of those groups," said Macrae recruiter Justine Donahue. "The high rainmakers can command a group to move with them based on their clients and their brand name."
5 minute read
December 28, 2023 | The American Lawyer

Looking Back at the Law Firms That Didn't Survive 2023

From Stroock to Schnader, firms that failed struggled with common issues of recruitment, retention and financial obligations.
7 minute read
December 26, 2023 | The American Lawyer

Law Firm Mergers Began With a Boutique Bash. Will the Party Continue in 2024?

A&O's tie-up with Shearman could be a harbinger of more U.K.-headquartered firms expanding into the U.S.
6 minute read

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