JD Journal » magic circle law firms

Morning Roundup

joshua — Mon, 22 Nov 2010 14:32:56 +0000

Good morning everyone! Today is Monday, November 22nd. Here’s a quick look back at Friday’s news.

Brinks Hofer Gilson & Lione, one of the largest intellectual property law firms in the U.S., promoted four attorneys to shareholder…

Ulmer & Berne LLP was recognized for strategic growth…

McDonald Hopkins added a lateral from Jenner Block…

Goodwin Procter Chairman Regina Pisa received the ACCESS First One Award…

Cleary Gottlieb announced plans to open an office in Brazil…

Sidley Austin added a partner in its Palo Alto office…

Cleary Gottlieb Announces Plans to Open Office in Sao Paulo

joshua — Fri, 19 Nov 2010 16:01:35 +0000

Cleary Gottlieb Steen & Hamilton announced its plans to open an office in Sao Paulo, Brazil in 2011, subject to approval of Brazilian authorities.

Cleary managing partner Mark Walker said in a statement from the firm: “Brazil is a significant part of our Latin America practice, which began over 50 years ago and includes more than 100 lawyers.”

New York partner Juan Giráldez and Rome partner Francisco Cestero will manage the Brazil office. Both will relocate to São Paulo. Giráldez focuses on international financing and business transactions, in particular capital markets transactions, M&A, cross-border financings, joint ventures and privatizations. Cestero has assisted América Móvil, the largest wireless operator in Latin America, in over 10 international acquisitions and joint ventures.

Cleary plans to staff the São Paul office with around 10 lawyers who will focus on capital markets, project finance and restructuring, cross-border mergers and acquisitions, regulatory issues, corporate governance, and litigation.

Cleary’s planned move into the market is the latest in a string of Brazil entries over the past two years by Am Law 100 and Magic Circle law firms, includeing Skadden, DLA Piper and Chadbourne & Parke. The market is appealing to firms with strong cross-border capital markets and infrastructure practices.

A leading international law firm with 12 offices located in major financial centers around the world, Cleary Gottlieb Steen & Hamilton LLP has helped shape the globalization of the legal profession for more than 60 years. Organized and operated as a single, integrated global partnership, Cleary Gottlieb employs approximately 1,100 lawyers.

UK Firms Feel the Pinch

joshua — Thu, 12 Nov 2009 17:58:00 +0000

The top 100 UK firms by revenue dropped saw profits decline by an average of 30% last year, according to a new report out from PricewaterhouseCoopers. The largest decline in income came in the second tier of firms, those listed at #11-25, where partner per partner profits were down by 28%. Firms in the “magic circle”, the top ten, had per partner profits ranging from 850,000 to 1.4 million pounds, which was still a 21% drop from last year.