DLA confirms 'right-sizing' across US business with new round of job cuts

News Article - 19/01/2012 : revenue, Human Resources, Human Resources

DLA Piper has confirmed another round of job cuts at its US practice, just days after Howrey announced the loss of 32 support staff, reports The Am Law Daily.

DLA chief operating officer and director of US operations Bob Bratt said in a...

SJ Berwin and Proskauer Rose call off long-running merger talks

News Article - 19/01/2012 : merger, pep, profitability, revenue

SJ Berwin and Proskauer Rose have called off their transatlantic merger talks after nine months of protracted discussions.

The two firms issued a statement earlier this afternoon confirming that the talks had ended yesterday (11 November...

Nabarro slashes staff costs by £4.4m

News Article - 19/01/2012 : pep, profitability, redundancies, revenue, Finance, Finance, Human Resources

Nabarro has reduced its staff costs by almost 10 per cent over the past financial year, largely as a result of it slimming down its total salary bill.

The firm reduced total staff costs by £4.4m over the 2009-10 financial year,...

Stephenson Harwood's revenue jumps 16 per cent

News Article - 19/01/2012 : revenue, Finance, Finance

Stephenson Harwood has posted a 16.6 per cent revenue increase as it becomes the latest firm to report its half-year figures.

The firm brought in a total of £49.6m in fee income for the six months to the end of October 2010, up from...

BLP's turnover rockets 30 per cent in first half

News Article - 19/01/2012 : outsourcing, revenue, tax, Finance, Finance

Berwin Leighton Paisner (BLP) has posted a 30 per cent increase in fee income at the half year level.

The firm brought in £103m for the first six months of the 2010-11 financial year, up from £79m for the comparable period last...

K&L Gates chief blasts Norton Rose's 'Noah's ark' mergers

News Article - 19/01/2012 : merger, revenue

The chairman of US firm K&L Gates Peter Kalis has slammed yesterday's three-way merger between Norton Rose, Canadian firm Ogilvy Renault and South Africa's Deneys Reitz.

Kalis, whose firm topped $1bn in revenue last year following...

Thomson Reuters enters LPO market with Pangea3 takeover

News Article - 19/01/2012 : compliance, financial results, outsourcing, revenue, risk management, us law firms, Technology, Technology

International business information group Thomson Reuters has entered the legal processing outsourcing market (LPO) with the acquisition of Pangea3, it has been announced.

The deal, for an undisclosed amount, sees Thomson acquire one of the...

Cravath unveils 2010 bonuses; Citi says US market flat but costs down

News Article - 19/01/2012 : billing, revenue, us law firms, Finance, Finance

Cravath Swaine & Moore has released the details of its year-end associate bonuses, becoming the first major US firm to reveal its hand this year, reports The Am Law Daily.

The awards, which will be paid out on 10 December, range from...

Barlows confirms three more partner departures and associate job cuts

News Article - 19/01/2012 : profitability, revenue, Finance, Finance, Human Resources

Barlow Lyde & Gilbert has confirmed that three partners from its corporate and commercial group have been asked to leave alongside a handful of associates.

As first reported by RollonFriday today (19 November), Barlows has made changes...

Halliwells' creditors join forces for action plan

News Article - 19/01/2012 : revenue, Risk & Compliance, Risk & Compliance

The largest creditors of failed law firm Halliwells have formed a committee in what could be a precedent to further legal action against the firm's former partners.

The biggest sum is owed to the firm's former bank RBS, with which it has...

Hammonds Hong Kong office splits off from firm in US merger rejection

News Article - 19/01/2012 : merger, revenue

Hammonds' Hong Kong arm is set to split off from the firm in the wake of the merger agreement with Squire Sanders & Dempsey.

The six-partner Hong Kong arm told Hammonds' management last week (24 November) that it intends to separate...

Trowers confirms job cuts as H1 financials fall behind budget

News Article - 19/01/2012 : profitability, redundancies, revenue, Finance, Finance, Human Resources

Trowers & Hamlins is set to make another round of job cuts in London and Manchester after confirming that turnover has fallen behind budget for the first half of the financial year.

The firm has confirmed that it is reviewing five fee...

BLP plans review of global growth strategy

News Article - 19/01/2012 : merger, revenue

Berwin Leighton Paisner (BLP) is reviewing its international strategy, with the top 20 City firm consulting on ideas for global expansion.

A series of consultation sessions were held at the firm's partner meeting earlier this month, with...

India giant Essar hires Vinson partner for London legal hub

News Article - 19/01/2012 : revenue, Marketing & BD, Marketing & BD

Essar Group has overhauled its legal function in an attempt to route more of its in-house legal work through London, with the Indian conglomerate also looking at formalising its relationships with outside law firms.

Essar Global Limited (...

Sheffield firm Ashton Morton Slack set for administration; BDO called in

News Article - 19/01/2012 : revenue, solicitors regulation authority, SRA, VAT, Finance, Finance

Five partner Sheffield based conveyancing firm Ashton Morton Slack has filed to go into administration.

Administrators BDO was appointed on Friday on the administration of the firm, which had a turnover of £7.5m in 2008 and which...