UK & Ireland
It occurs as businesses allocate more and more resources to the quickly expanding fields of private finance and technology.
With high-profile hires in London, the company is expanding its corporate practice and this time it went after talent at a UK firm.
In an interview with Law.com International, London co-managing partner Andrej Wolf is reported as saying that the firm’s famously high NQ pay is “indirectly demanded” by clients.
The resignation comes after a turbulent time at Kirkland during which two lateral hires were added to the tax group late last year in addition to exits.
Emma Pioli, the head of asset management and a real estate partner at the Anglo-Canadian legal firm Gowling WLG, will take over as chair of the UK LLP.
London disputes-focused firm Rosenblatt has launched an international arbitration practice with the hire of co-heads Sara Paradisi from Bryan Cave Leighton Paisner and Leonardo Carpentieri from LMS Legal.
In recent months, the company has actively pursued employment in Germany, bringing on corporate laterals from Clifford Chance among others.
Since the beginning of the 2023 financial year the firm has hired 30 partners.
The litigation-focused business is able to recover and grow following many losses in the French capital, thanks to the recruitment of a three-lawyer, partner-led team from a French boutique.
Marc Krestin, a new partner at Fieldfisher and a former co-head of arbitration at environmental law firm Pogust Goodhead, has established an international arbitration practice based in Amsterdam.
Liz Hastilow has arrived to Norton Rose from First Sentire Investors.
Gary Hamp was previously a partner at Shearman & Sterling, Latham & Watkins and Hogan Lovells.
Greenberg has made a clear effort to expand its real estate and corporate practices. Meanwhile, White & Case faced a few departures in Tokyo last year.
Nikki Smythe is the second HSF partner to depart for Clifford Chance in recent months.
Kimberley MacKay is now the second partner hire for Norton Rose Fulbright in Australia in the last week.
Winston Singapore Movements: More Partners Leave Big Law for Own Venture; TSMP, HSF Make New Appointments& Strawn announced last year that it would cease operations in Hong Kong in February.
Justin Choo has departed from Bird & Bird in order to establish his own shop in Singapore, meanwhile HSF and TSMP are making high level appointments in the city-state.
Four technology partners have left for the magic circle firm in recent months.
NRF Hires Regulatory and Disputes Partner in Melbourne
This article is filled with this news as well as other announcements of recent hirings and promotions of New York attorneys.
This is the third Cravath partner exit this month, it seems that the firm’s top competitors are continuing to recruit from the firm.
Efraim Gonzalez Jr. was prohibited from moving to Houston plaintiff’s firm Abraham, Watkins, Nichols, Agosto, Aziz & Stogner in 2018 because USA Gymnastics, a client of his former firm, refused to waive a conflict of interest.
Recently, FisherBroyles grew by adding a litigator in Chicago and a partner in Los Angeles dedicated to intellectual property law.
Theresa Conduah is now the fourth IP partner in the 100-lawyer Los Angeles office of Alston & Bird.
Am Law 200 firm Moore & Van Allen has split its highest-ranking administrative job, hiring a former Proskauer Rose staffer for one of the two new C-suite roles.
Jay Hughes, who was a co-chair of the power and renewable energy practice at Willkie Farr & Gallagher since he joined in 2020, has returned to McGuireWoods as a partner in Houston, where he once led the office.
Regarding her jump to the Miami born firm, incoming Greenberg Traurig shareholder Lisa Lanham said. “A lot of fintech’s are either starting themselves in Florida or moving from San Francisco to go to Florida, so it was definitely an intentional move,”.
Carmody Torrance Sandak & Hennessey, Katz & McGrath, Louden, Brown Rudnick and Whitman Breed all announce elevations.
Ira Kustin, who returned to Akin Gump Strauss Hauer & Feld on Thursday as an investment management partner in New York, is the fourth Big Law partner in that practice to make the move to Akin in the last few months.
This article also contains news from Munsch Hardt, Spencer Fane, and McDermott Will & Emery.
Neal Gerber Eisenberg announced the addition of Jonathan Ksiazek as a partner in the labour and employment practice area; Balch & Bingham announced the appointment of Liz Williamson as a partner in the environmental and natural resources practice in the Washington, D.C. office.
John T.L. Koenig, managing partner of the Atlanta office stated that “their skill sets will no doubt be in demand as the business community in the Atlanta area continues to grow and thrive”.
Chair Richard Alexander stated that It’s been a firm priority for Arnold & Porter to expand its core regulatory, litigation and transactional offerings across offices.
Matt Everitt the new legal chief has been reported as saying “Lucid’s products set an incredibly high bar for automotive companies, and I’m energized to join at a time when the company is poised to expand further”.
Grant McGee became the consumer products giant’s legal chief when an experienced lawyer at Kimberly-Clark was promoted.
The only firm with a Parkinson’s hallucination treatment licensed by the Food and Drug Administration is under new legal leadership, thanks to Jennifer Rhodes.
In a LinkedIn announcement, Candi Alfred stated, “It really is an amazing organization.”
Stuart Delery left the firm to join the Biden administration in early 2021.
Tom Mattei is taking the legal reigns of the luxury department store chain, this is his second legal chief role.
Promotions & Appointments:
Richard Sofield is arriving from Vinson & Elkins and he was previously a senior DOJ attorney. He is now looking to help Debevoise in CFIUS matters, as national security issues bubble up in deal work.
Mohamed N. Bakry a shareholder in Marshall Dennehey’s Philadelphia office, has been appointed as president of the Lawyers Club of Philadelphia.
Arriving from DLA Piper is Eddie Raychaudhuri, who served as a practice group director during his time there.
Troutman Pepper and Nelson Mullins have added lateral partners, also Liz Washko is succeeding Matt Keen as managing shareholder at Ogletree.
Joe Glynias, St. Louis-based labour and employment partner will step in to Catherine Hanaway’s position from the beginning of April.
While Manuel Romano will continue to work with clients in the firm’s financial markets business, tax partner Rodrigo Gómez Ballina assumes legal leadership.
Pinsent Masons has hired tax partner Robert Dever to lead and develop its tax law practice in Dublin and bolster its European transactional services group.
As the Dolan family looks to expand MSG Entertainment and a subsidiary that just constructed a $2.3 billion arena in Las Vegas, Laura Franco is emerging as a major executive.
In this piece, Burford Capital’s David Perla explores the application and future prospects of artificial intelligence in legal financing, which is the activity of offering capital and support for lawsuits and arbitration awards. He specifically looks at how AI is used to source investments, decide which investments to make, and forecast results after investments are made.
Louise Boughton and Sarah Slevin have been named as partners by RDJ in all corporate, commercial, and dispute resolution disciplines.
Iain Ferguson, a partner at McCann FitzGerald, has been named head of the firm’s investment management group (IMG).
Mergers & Alliances:
The day the business closes another merger with a Seattle-based firm, it will also welcome the 21 attorneys who once made up Sullivan Hill.
Jonathan Crook, Fisher Phillips partner and founder of the startup stated that. “It fits with this idea of giving companies and HR teams sort of an on-demand resource that they have with us”.
The Big Four’s legal presence in the French-speaking province of Canada is enhanced by Sweibel Novek Rabbat’s competence in tax, estates, and trust services.
Office Openings & Closing:
Paul Hastings Continues Building its Restructuring Practice with new hires for Kirkland.
Despite being interested in the Texas market for some time, Chartwell law opened in Austin and Dallas, because they hired four litigation and coverage lawyers from Disiere, Martin, Jefferson & Wisdom.
Elsberg Baker & Maruri will open in February with a roster of “aggressive, first-chair” trial lawyers, according to senior partner David Elsberg.
Ashurst Advance is collaborating with Elevate, a worldwide ALSP with headquarters in Los Angeles, to create a new office in Krakow.
The high-profile white-collar partner, who left Skadden in December, talks with Law.com International about her new venture.
According to a report by the law firm Duane Morris, Mega-settlements and high class-certification rates likely will “incentivize the plaintiffs’ class action bar to be equally if not more aggressive with their case filings and settlement positions in 2024”.
The firm’s 18.6% increase in PEP to $5.114 million occurred simultaneously as Milbank saw a 51% expansion in its nonequity tier.
According to bankruptcy records, the average Am Law 50 firm increased its rates by 8% to 10% in 2024.
The six Philadelphia-based firms surveyed by Wells Fargo together increased revenues by 4.7%, the is less than the nationwide average of 6.0%.
Based on certain financial indicators, a group of domestic Texas firms outperformed the industry average in 2023, according to a Wells Fargo Legal Specialty Group year-end study.
The newest American law firm to increase junior attorneys’ compensation in London is White & Case.
Technology & Innovation:
Using the much-discussed technology, at least 41 of the highest-earning law firms in the United States are investigating potential in both the legal and corporate domains.
The appellate court would mandate that lawyers who employed artificial intelligence (AI) in the preparation of a document attest to the fact that all citations, legal analysis, and other language have “been reviewed for accuracy and approved by a human.”
Cisco Chief Legal Officer Dev Stahlkopf has been reported as saying that “the risks of AI are real, but they are manageable when thoughtful governance practices are in place as enablers, not obstacles, to responsible innovation,”.
Experts from Paul Hastings, Husch Blackwell, Redgrave, and other firms spoke on the cultural costs of legal IT teams that also cultivate client relationships, as well as whether businesses should build or acquire.
A Legalweek panel highlighted the lack of agreement surrounding how prominent law firms should be approaching the emerging technology.
Generative artificial intelligence (AI) has the potential to revolutionize the legal sector by automating and improving research, expediting the document review process, and even creating papers. But there are drawbacks to this revolutionary capacity as well.
Diversity & Inclusion:
Looking toward 2024, there is a sense of renewed optimism, carrying forward the lessons and victories of the past year, ready to build a more inclusive and equitable society.
Karen Gelernt and her successors in the Alston group are among the few female leaders of a structured finance practice in Big Law.
U.S. Solicitor General Elizabeth Prelogar wrote “A lack of diversity in leadership can jeopardize the Army’s ability to win wars,”.
The Enjuris report states that “The decline in male enrolment and the increasing number of students who choose not to disclose their gender present new dimensions in the evolving narrative of gender diversity in legal education”.
The transition from HR language to “talent development” has mostly taken place at large law firms, where positions like chief people officer and chief talent officer are common and are slowly infiltrating the midsize firm market. Experts claim that the fierce competition for skilled individuals in the legal field is linked to this development.
Veta T. Richardson, CEO of the Association of Corporate Counsel said that “Squeezing general counsel resources while expanding their remit is unlikely to be sustainable for the long term”.
Wells Fargo’s Owen Burman said, “The mindset is toward growth as opposed to cutting, and that’s a change over the last 18 months,”.
One participant in a newly released survey of general counsels stated that “I am … more likely to trust the use of [AI] by someone who is more seasoned because they have the experience to know whether it is a legitimate response”.
Apart from the property crisis in China, there hasn’t been much notable drama occurring in Asia regarding restructuring. However, how will competing companies fare now that Sidley Austin has monopolized the China real estate market?