legalweek
Mayer Brown has posted a 2.4% increase in firmwide revenues for 2011 after two years of falling financials, reports the Am Law Daily.
The firm saw total turnover climb to $1.13bn (£713m), while profits per partner (PEP) rose 10% to $1.18m (£745,000). Revenue per lawyer also grew 10% [...]
Mayer Brown posts 2011 revenue rise after two years of faltering results
Judge bans tweeting from Redknapp tax trial after reporting breach
legalweek
The judge in Tottenham Hotspur manager Harry Redknapp’s tax trial has banned the use of Twitter in court after a breach of reporting restrictions.
Redknapp is currently appearing at Southwark Crown Court in relation to tax evasion charges.
[...]
Kennedys senior partner wins fourth term after consistent revenue growth
legalweek
Kennedys senior partner Nick Thomas has been re-elected for his fourth term at the helm of the firm following an uncontested election at the close of last year.
Thomas, who will start his new five-year term later this month, has held the role since 1996 and also stood [...]
Advisers to Howrey bankruptcy collect fees 10 months after firm’s dissolution
legalweek
The professional services firms working on Howrey’s bankruptcy proceedings have collected their fees nearly 10 months after the defunct antitrust specialist voted to dissolve (9 March), writes The Am Law Daily. US bankruptcy court judge Dennis Montali approved the firms’ professional fee applications last week (14 December), [...]
Hogan Lovells puts global expansion to top of agenda after review
legalweek
Hogan Lovells is putting international expansion and client development at the centre of its first post-merger strategy review.
The transatlantic law firm has drawn up a list of key jurisdictions it would like to enter by the close of December 2014 as part of a review conducted by [...]
Pinsents set to relocate Bristol staff after closing down regional base
legalweek
Pinsent Masons is set to close its Bristol base next year with all lawyers to be relocated to the firm’s other offices.
The move, first reported on RollOnFriday today (9 September), will see the firm close its southwest office by the end of February 2012, after taking the [...]
SJB funds duo exit to join Proskauer after last year’s aborted merger deal
legalweek
SJ Berwin has confirmed that it is to lose two funds partners to US firm Proskauer Rose, after merger talks between the two firms were called off last year.
City funds partner Nigel van Zyl has resigned to join Proskauer’s London office alongside fellow partner Oliver Rochman. [...]
Withers sees turnover up 9% as PEP dips after Zurich office launch
legalweek
Withers has announced its annual financial results, posting a 9% increase in turnover to take it over the £100m mark. The firm, which operates to a 30 June financial year, saw revenue rise to £100.8m in 2010-11 up from £92.7m in 2009-10, while profits per equity partner [...]