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Building a business case: how to achieve partnership

One of the questions we hear more regularly than any other is from senior associates who are seeking advice on how to achieve partnership at their own firm, or elsewhere. It goes without saying that for promotion to become a realistic prospect, there first and foremost needs to be a clear and defined business case. […]

A cultural battle that Cadwalader must win

Following a train of defections and sliding profits the embattled Cadwalader leadership thrashed out a recovery strategy. Get back to basics; focus on key product lines; close Asia. But just as the strategy had been agreed key partners from the leadership team quit for other firms – Rick Rule for Paul Weiss, Louis Solomon for […]

Judge To Allow Another Accuser At Cosby Trial

A second woman will now be allowed to testify that Bill Cosby sexually assaulted her.

Judge To Allow Another Accuser At Cosby Trial

A second woman will now be allowed to testify that Bill Cosby sexually assaulted her.

Clifford Chance secures victory for Blackpool FC president in owner dispute

Clifford Chance has won the first round of a multi-million pound dispute between the owners of Blackpool FC. The matter was featured as one of The Lawyer’s Top 20 cases for 2017, with its legal fees already nearing the £1.5m mark. The case was brought by Blackpool FC club president and Latvian millionaire Valeri Belokon, who claims that when […]

Reed Smith turnover falls for second consecutive year as fee-earner numbers decline

Reed Smith has seen its global revenue fall 4 per cent from $1.23bn to $1.1bn amid a reduction in lawyer headcount of over 80 in 2016. The revenue decline is the second consecutive drop for Reed Smith, which last year reported a dip in turnover of 2.5 per cent. Reed Smith’s revenue in 2016 is […]

Hogan Lovells City revenue climbs by £20m as global PEP stays flat

Hogan Lovells reported revenue growth of 6 per cent over 2016, with average profit per equity partner (PEP) remaining flat. The firm’s turnover increased from $1.8bn to $1.9bn globally, equivalent to nearly 6 per cent growth. Hogan Lovells confirmed that if exchange rates had remained constant, it would have seen a revenue increase of 8 […]

Schoenherr advises on first Austrian equity capital markets transaction in 2017

Schoenherr has advised publicly traded, global sugar, starch and fruit processor AGRANA Beteiligungs–Aktiengesellschaft as issuer on its successful rights offering of 1,420,204 new shares, combined with a secondary offering of 500,000 existing AGRANA shares held by Südzucker AG, one of AGRANA’s core shareholders. This is the first equity capital market transaction in the Austrian market in […]