Greenberg Traurig has announced significant revenue gains, marking its 13th consecutive year of revenue growth in 2024. The firm’s revenue increased by 13.7%, surpassing the $2.6 billion mark, along with rises in profits, income, and compensation. A slow start to the year gave way to accelerated demand as 2024 progressed, according to CEO Brian Duffy….
Several major law firms are involved in advising on a €24.1 billion ($26 billion) debt restructuring for the French telecom group Altice, owned by entrepreneur Patrick Drahi. This restructuring is pivotal for Altice as it seeks to reduce its debt by around €8.6 billion, thereby lowering interest costs and improving its financial standing. Prominent firms…
Nigerian legal firms, including Olaniwun Ajayi, are experiencing an increase in demand for legal services due to significant activities in tax enforcement, data investigations, and corporate deals in 2025. This upswing is largely attributed to the Nigerian government’s $81.5 billion lawsuit against cryptocurrency exchange Binance, as reported by Law.com International. The Nigerian Federal Inland Revenue…
Addleshaw Goddard is now the latest law firm to integrate the AI platform Legora within its legal operations. This decision comes in the wake of a similar move by Bird & Bird, another prominent UK firm, which introduced Legora to its lawyers following a successful six-month evaluation period. Addleshaw Goddard stated it had been in…
In a special recognition timed with International Women’s Day 2025, Law.com International has highlighted some of the most promising female talents in the UK legal sector. The comprehensive evaluation process focused on entrants under the age of 40, as over 120 entrants were rigorously reviewed based on the quality of their client base, significant career…
Maurice Blackburn, a prominent Australian law firm well-known for handling class actions, has recently altered the out-of-office messages of its lawyers to omit mentions of industrial action linked to an ongoing pay dispute. The alteration comes amid tensions within the firm, where some lawyers had planned not to bill clients as a form of protest,…
In a significant divestiture within the retail sector, Simpson Thacher & Bartlett and Nishimura & Asahi are representing KKR as it, along with Walmart, sells their combined holdings in the Japanese supermarket chain Seiyu to Trial Holdings. This $2.5 billion transaction involves the transfer of an 85% stake from KKR and 15% from Walmart. Trial…
“`html Nigerian law firms are experiencing increased demand for legal services, primarily driven by the $81.5 billion lawsuit against Binance and recent regulatory crackdowns. Key players like Olaniwun Ajayi are at the forefront, dealing with matters concerning tax enforcement, data investigations, and corporate deals. These developments come amid broader legal and regulatory changes shaping the…
Nigerian law firms are reportedly experiencing an increase in legal work due to a substantial $81.5 billion lawsuit against cryptocurrency exchange Binance. The lawsuit, led by the Nigerian tax authorities, alleges significant economic losses and tax evasion by Binance between 2022 and 2023. Prominent firms like Olaniwun Ajayi are seeing heightened activity in not only…
Hogan Lovells has reported a second consecutive year of revenue growth in 2024, with total revenues nearing the $3 billion mark, up from $2.68 billion in the previous year. The firm’s aggressive growth strategy has translated into profits per equity partner (PEP) exceeding $3 million, despite largely flat net income. This outcome follows a notable…
Clifford Chance has received approval from the Shanghai Bureau of Justice to establish a joint operation with Shanghai He Ping Law Firm. The collaboration, named ‘Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office’, will enable both firms to provide foreign and local Chinese law advice, share strategies, and merge client…
Canadian law firms are reportedly exercising greater caution when hiring corporate and transactional lawyers, amid increasing economic uncertainty linked to rising U.S. tariffs. With the current geopolitical climate fostering apprehension about a potential decline in deal activity, firms are reconsidering their lateral hiring strategies. Warren Bongard, the president of ZSA Legal Recruitment, noted that the…
Law firms and corporate legal teams in Australia are bracing for a significant shift in the country’s competition law, which will impose stricter compliance requirements on merger transactions starting next year. According to Herbert Smith Freehills competition partner Stephanie Panayi, the reforms bring a fundamental change to how mergers are assessed, expanding the workload for…
Aird & Berlis, one of the largest single-office law firms in Toronto, has opened its first branch outside of the city in Vancouver. This new location is notable for its team composition, primarily consisting of a group of former lawyers from Gowling WLG, recognized for their expertise in Indigenous and environmental law. The Vancouver office…
Earlier this year, the director of legal and public affairs at Evri, Hugo Martin, responded to questions from Members of Parliament regarding the company’s working practices. These inquiries stem from a series of allegations levied by Evri couriers, prompting a U.K. parliamentary committee to seek further clarifications from the delivery giant’s legal representative. For more…
Germany’s One Hotels & Resorts, owner of Motel One Group, has entered into a €3.5 billion strategic partnership with Paris-based private equity firm PAI Partners. This development involves PAI Partners acquiring an 80 per cent stake in Motel One’s operating business, encompassing 99 venues across Germany, Austria, Switzerland, the U.S., among others. The completion of…
Within the realm of U.K law firm-client relationships, particularly with major banks, the panel system has historically played a significant role. However, the aftermath of the 2008 financial crisis has prompted a reevaluation of its benefits and potential drawbacks. This reconsideration has been amplified by law firms questioning what many perceive as a power imbalance…
The evolution of class actions within the legal framework of England and Wales has taken a nuanced turn, according to a recent discussion on Law.com. Originally perceived as a burgeoning area for the English courts, class actions now confront a phase marked by restrained opportunities, particularly concerning representative action processes and litigation funding. Moreover, attempts…
Private equity interest in professional services firms is growing, yet traditional law firms continue to present a challenge for direct investment. While non-traditional legal services are seeing investment growth, the partnership model of traditional law firms makes them harder targets. However, navigating these obstacles might lead to innovative solutions that could usher in a new…
Maurice Blackburn, a prominent Australian class action law firm, plans to take a firm stance amidst an ongoing pay dispute by standing down lawyers who do not log billable hours. The firm has decided it will not compensate these lawyers during their participation in industrial action. They plan to strictly adhere to work rules and…
Amid increasing challenges to Diversity, Equity, and Inclusion (DEI) initiatives in the United States, Canadian law firms remain committed to these principles. Canadian legal professionals assert that despite the DEI backlash occurring south of the border, the Canadian landscape maintains its focus on addressing unconscious biases and ensuring equal opportunities within the legal sector. Kristin…
In a notable transaction within Japan’s burgeoning private equity landscape, Simpson Thacher & Bartlett and Morrison Foerster are serving as legal advisors for Blackstone as it acquires a controlling stake in CMIC Holdings, one of the country’s largest clinical research organizations. The deal highlights continued private equity interest in Japan, with Blackstone poised to take…
Wilson Sonsini Goodrich & Rosati has announced plans to close its Beijing office, the firm’s largest outpost in Greater China by partner head count. Citing the need to continually evaluate and adapt their operations, a firm spokesperson noted the decision to forgo renewing the office lease and commence the process of winding down operations. This…
Once a respected name in Danish law, Lundgrens is now a cautionary example for mid-sized law firms worldwide. As of mid-January, despite employing around 75 lawyers, including 20 partners, Lundgrens appeared unable to sustain its operations. A slowdown in the legal market and increasing demands for specialization led to significant partner departures, pushing the firm…
The U.S. Supreme Court recently demonstrated a hesitant stance regarding a legal challenge by Mexico, aiming to hold U.S. gun manufacturers accountable for billions in damages linked to firearms-related violence driven by drug cartels. During the hearing of Smith & Wesson Brands v. Mexico, several justices indicated that a 2005 federal law, which provides the…