Debevoise & Plimpton report that gross revenue dropped 12% at the firm and profits per equity partner dropped even further due to poor economic conditions in 2009. Revenue dropped to $667.9 million and profits per partner dropped 16% to $1.87 million. These drops came on the heels of a decline in corporate work and the [...]
Continue reading...Tuesday, February 23, 2010
Jonathan Guest has joined McCarter & English as a partner in the firm’s Boston office’s Corporate, Securities, and Financial Institutions Group. Guest was formerly a shareholder and head of the Corporate and Securities Department in Greenberg Traurig’s Boston office. Guest specializes in corporate and securities law including debt and equity finance, corporate governance, and domestic and [...]
Continue reading...Wednesday, February 17, 2010
Allen & Overy will open a new office in Qatar. London real estate partner Robert Porter will head the new office. He is already in Doha and will be joined by Dubai based corporate partner Chris Thornes and a team of associates. The firm received the go ahead from the Qatar Financial Centre Regulatory Authority [...]
Continue reading...Friday, February 27, 2009
London’s Hammonds LLP is set to cut about 10% of its partnership. The top 50 UK law firm is cutting up to 20 partners from its fixed share and equity ranks. Some partners will also be affected by a de-equitization program in an attempt to deal with underperformance, especially at the top of the partnership. The cuts, affecting [...]
Continue reading...Tuesday, February 3, 2009
Robert Colby, the Securities and Exchange Commission’s deputy director of the division of trading & markets, will leave the agency this month after 27 years. He will join the Washington, DC office of New York’s Davis Polk & Wardwell. Colby is credited by the SEC with having led “the development and implementation of investor protection policies, [...]
Continue reading...Monday, February 2, 2009
Minneapolis-based Dorsey & Whitney saw flat revenues, with a small decrease in profits per partner for 2008. Gross revenues were just over $367 million, and profits per partner were $661,000, a 1.6% decrease from the prior year. The firm’s activity was even across practice areas with both litigation and corporate work accounting for significant chunks of revenue. [...]
Continue reading...Tuesday, January 6, 2009
Atlanta’s Troutman Sanders LLP has closed on a deal to merge with Washington, DC’s Ross, Dixon & Bell LLP. Financial terms of the merger were not disclosed. The new firm is based in Atlanta and keeps the Troutman Sanders name. It has offices in 15 cities and on three continents, employs 750 attorneys and has a [...]
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Friday, February 26, 2010
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