The 2010 year showed that, while short of the banner year of 2009, when close to 3000 partners moved laterally, lateral partner recruiting is still strong in the NLJ-250. From Bingham’s acquisition of McKee Nelson (120-person tax and structured finance specialists in Washington DC), to smaller 1- and 2-person moves, partners throughout the top firms [...]
Implications for lateral legal recruiting, e.g., bankruptcy legal recruiting. Despite the lingering effects of the 2008-2009 recession, some law firms are benefitting from strong countercyclical practices. Such may be the case at Cadwalader, where government investigations and antitrust- and financial services litigation have reportedly been strong. And Curtis Mallet reports a 24% rise in profits [...]
Global legal recruiting continuing strong The year 2010 furnished more evidence that US-based firms are seeking international legal recruitment, with a continuing trend toward expanding their geographic footprints. For example, demonstrating that European legal recruitment is quite active, K&L Gates opened two new offices in 2010 (Tokyo and Moscow), with Brussels slated to open in [...]
Firms that leveraged the 2008-2009 recession to cut costs reaped the benefits during 2010, according to the most recent reports. For example, Akin Gump—which reported gross revenue of $736 million in 2010, well below the $781 million it earned in 2008—nevertheless reported an increase in profits per partner, from $1.5 million to $1.6 million in [...]
It seems four Latham & Watkins newly recruited partners have made a New Year’s resolution to move on: M&A partner David Schwartzbaum (New York), commercial and IP litigator Kenneth Fitzgerald (San Diego), and IP litigators Emmanuel Baud and Jean-Christophe Tristant (Paris). The partner recruiting took place in New York, San Diego, and Paris. San Diego [...]
White & Case recently recruited eight lawyers and 42 staff from German insolvency boutique Schröder Rechtsanwälte. The Berlin legal recruitment took about half the German law firm’s lawyers. The team will focus on “major and difficult insolvency proceedings.” Action on the continent is looking promising, but it’s too early to say whether 2010 will be [...]
Forget Dubai. A recent survey by Eversheds predicts Shanghai will overtake London as a world financial center within the decade. But do London lawyers stand to lose the most – or Hong Kong’s? And will we see the largest increase in Shanghai legal recruitment or in Hong Kong legal recruiting? Some in Hong Kong are [...]
To Hong Kong or not Hong Kong? It’s still a good question. Some years ago, mainland Chinese companies that made an initial public offering in Hong Kong would also list their offering on a U.S. market. Such dual listings are now more rare – and that presents lost opportunities to U.S. firms that have no [...]
Cameron Powell, co-founder of CRR, announced today that the company’s new website was live and would be providing the same high level of customer service for which CRR has become known.
